C000072531 Fees and Costs — AST Bond Portfolio 2020
Data updated: 2020-11-25
The net expense ratio is 0.90%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $8K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 88%.
C000072531 Fees and Expenses
Annual operating expenses and sales charges of C000072531. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000072531 Costs Over Time
On $10,000 invested in C000072531, assuming 5% a year before costs, total costs come to $569 over 5 years, cutting the return by 0.95% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $313 | $569 |
| Value after costs | $10,405 | $11,264 | $12,194 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
C000072531 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0084%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $226.4M
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $841K
- Net income from securities lending: $1K (0.001% of average net assets)
C000072531 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 92.24% |
| CitiGroup Global Markets Inc. | $432 | 5.72% |
| MORGAN STANLEY & CO. LLC | $79 | 1.04% |
| GOLDMAN SACHS & CO. LLC | $29 | 0.39% |
| UBS Securities LLC | $25 | 0.33% |
| BARCLAYS CAPITAL, INC. | $22 | 0.29% |
C000072531 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $51.4M | 27.03% |
| J.P. Morgan Securities LLC | $37.4M | 19.68% |
| Goldman Sachs & Co. LLC | $31.7M | 16.69% |
| MORGAN STANLEY & CO. LLC | $18.8M | 9.86% |
| TD SECURITIES (USA) LLC | $10.1M | 5.33% |
| DEUTSCHE BANK SECURITIES, INC. | $9.6M | 5.05% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $8.8M | 4.62% |
| CitiGroup Global Markets Inc. | $8.3M | 4.37% |
| BARCLAYS CAPITAL, INC. | $7.9M | 4.16% |
| CITADEL SECURITIES LLC | $6.1M | 3.21% |
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.