C000111787 Fees and Costs — AST MFS Growth Allocation Portfolio
Data updated: 2023-03-16
The net expense ratio is 0.94%: a 0.66% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $157K in broker commissions, 0.0168% of average net assets, and portfolio turnover was 55%.
C000111787 Fees and Expenses
Annual operating expenses and sales charges of C000111787. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| 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 | No |
C000111787 Costs Over Time
On $10,000 invested in C000111787, assuming 5% a year before costs, total costs come to $599 over 5 years, cutting the return by 1.00% 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 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $100 | $329 | $599 |
| Value after costs | $10,400 | $11,247 | $12,164 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000111787 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): 0.0168%
- Total broker commissions: $157K
- Bought from dealers (principal trades, not a cost): $42.8M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $57.3M
- Net income from securities lending: $116K (0.012% of average net assets)
C000111787 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $34K | 25.67% |
| BOFA SECURITIES, INC. | $19K | 14.38% |
| J.P. Morgan Securities LLC | $16K | 12.02% |
| JEFFERIES LLC | $14K | 10.69% |
| MORGAN STANLEY & CO. LLC | $14K | 10.60% |
| CitiGroup Global Markets Inc. | $10K | 7.66% |
| UBS Securities LLC | $8K | 6.29% |
| CREDIT SUISSE SECURITIES (USA) LLC | $8K | 6.11% |
| BNP PARIBAS SECURITIES CORP. | $5K | 3.57% |
| BMO CAPITAL MARKETS CORP. | $4K | 3.01% |
C000111787 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NATWEST MARKETS SECURITIES INC. | $9.1M | 25.70% |
| SG AMERICAS SECURITIES, LLC | $5.6M | 15.80% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.5M | 15.35% |
| MARKETAXESS CORPORATION | $4.5M | 12.70% |
| CITADEL SECURITIES LLC | $3.0M | 8.36% |
| SANTANDER INVESTMENT SECURITIES INC. | $2.3M | 6.36% |
| MILLENNIUM ADVISORS, LLC | $1.7M | 4.70% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $1.6M | 4.38% |
| CitiGroup Global Markets Inc. | $1.2M | 3.50% |
| ANZ SECURITIES LIMITED | $1.1M | 3.15% |
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.