C000062361 Fees and Costs — AST Cohen & Steers Global Realty Portfolio
Data updated: 2023-03-16
The net expense ratio is 1.09%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $70K in broker commissions, 0.0842% of average net assets, and portfolio turnover was 44%.
C000062361 Fees and Expenses
Annual operating expenses and sales charges of C000062361. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000062361 Costs Over Time
On $10,000 invested in C000062361, assuming 5% a year before costs, total costs come to $732 over 5 years, cutting the return by 1.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.09%) | $114 | $356 | $617 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $732 |
| Value after costs | $10,377 | $11,173 | $12,031 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
C000062361 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0842%
- Total broker commissions: $70K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: —
- Net income from securities lending: $10K (0.012% of average net assets)
C000062361 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $12K | 24.29% |
| Cowen and Company, LLC | $9K | 17.48% |
| SG AMERICAS SECURITIES LLC | $8K | 16.68% |
| J.P. Morgan Securities LLC | $5K | 9.54% |
| JEFFERIES LLC | $4K | 7.74% |
| UBS Securities LLC | $3K | 5.71% |
| CLSA AMERICAS, LLC | $3K | 5.43% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 4.77% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $2K | 4.21% |
| MIZUHO SECURITIES (USA) INC. | $2K | 4.14% |
C000062361 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $890K | 52.32% |
| J.P. Morgan Securities LLC | $506K | 29.76% |
| EXANE, INC. | $114K | 6.72% |
| KEMPEN & CO U.S.A., INC. | $87K | 5.09% |
| ABG SUNDAL COLLIER, INC. | $76K | 4.47% |
| MIZUHO SECURITIES (USA) INC. | $28K | 1.65% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.