C000116762 Fees and Costs — AST MFS Large-Cap Value Portfolio
Data updated: 2022-03-14
The net expense ratio is 0.92%: a 0.66% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $77K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 46%.
C000116762 Fees and Expenses
Annual operating expenses and sales charges of C000116762. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 |
C000116762 Costs Over Time
On $10,000 invested in C000116762, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000116762 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0053%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $19.2M
- Net income from securities lending: $13K (0.001% of average net assets)
C000116762 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $14K | 20.49% |
| J.P. Morgan Securities LLC | $13K | 19.79% |
| JEFFERIES LLC | $9K | 13.38% |
| CREDIT SUISSE SECURITIES (USA) LLC | $8K | 12.60% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 7.08% |
| BOFA SECURITIES, INC. | $4K | 5.78% |
| NATIONAL FINANCIAL SERVICES LLC | $4K | 5.73% |
| UBS Securities LLC | $4K | 5.65% |
| MORGAN STANLEY & CO. LLC | $3K | 4.91% |
| BMO CAPITAL MARKETS CORP. | $3K | 4.59% |
C000116762 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $668K | 58.51% |
| STATE STREET GLOBAL MARKETS, LLC | $473K | 41.49% |
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.