C000116761 Fees and Costs — AST Western Asset Emerging Markets Debt Portfolio
Data updated: 2023-03-16
The net expense ratio is 1.03%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $358 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 77%.
C000116761 Fees and Expenses
Annual operating expenses and sales charges of C000116761. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
C000116761 Costs Over Time
On $10,000 invested in C000116761, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000116761 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): 0.0004%
- Total broker commissions: $358
- Bought from dealers (principal trades, not a cost): $162.6M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $6.1M
- Net income from securities lending: $17K (0.022% of average net assets)
C000116761 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $121 | 33.99% |
| UBS Securities LLC | $100 | 28.09% |
| MORGAN STANLEY & CO. LLC | $62 | 17.42% |
| WELLS FARGO SECURITIES, LLC | $28 | 7.87% |
| CITIGROUP GLOBAL MARKETS INC. | $17 | 4.78% |
| JEFFERIES LLC | $10 | 2.81% |
| BOFA SECURITIES, INC. | $10 | 2.81% |
| R.J. O'Brien Securities, LLC | $3 | 0.84% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3 | 0.84% |
| BNP PARIBAS SECURITIES CORP. | $2 | 0.56% |
C000116761 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33.3M | 24.35% |
| JEFFERIES LLC | $29.0M | 21.17% |
| CitiGroup Global Markets Inc. | $19.9M | 14.53% |
| BNP PARIBAS SECURITIES CORP. | $11.4M | 8.34% |
| GOLDMAN SACHS & CO. LLC | $11.3M | 8.22% |
| BOFA SECURITIES, INC. | $10.7M | 7.80% |
| Santander Investment Securities Inc. | $6.3M | 4.63% |
| MARKETAXESS CORPORATION | $5.9M | 4.31% |
| MORGAN STANLEY & CO. LLC | $5.2M | 3.79% |
| ICBC Standard Bank PLC | $3.9M | 2.86% |
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.