C000123060 Fees and Costs — AST AQR Emerging Markets Equity Portfolio
Data updated: 2020-08-24
The net expense ratio is 1.33%: a 0.93% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $128K in broker commissions, 0.0710% of average net assets, and portfolio turnover was 127%.
C000123060 Fees and Expenses
Annual operating expenses and sales charges of C000123060. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000123060 Costs Over Time
On $10,000 invested in C000123060, assuming 5% a year before costs, total costs come to $869 over 5 years, cutting the return by 1.47% 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 1.33%) | $140 | $434 | $749 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $869 |
| Value after costs | $10,353 | $11,096 | $11,893 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
C000123060 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): 0.0710%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 127%
- Securities on loan, average value: $5.6M
- Net income from securities lending: $8K (0.005% of average net assets)
C000123060 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $45K | 38.14% |
| BOFA SECURITIES, INC. | $36K | 29.87% |
| GOLDMAN SACHS & CO. LLC | $19K | 16.22% |
| MORGAN STANLEY & CO. LLC | $8K | 6.56% |
| DEUTSCHE BANK SECURITIES INC. | $5K | 4.12% |
| Charles Schwab & Co., Inc. | $2K | 1.43% |
| BARCLAYS CAPITAL, INC. | $1K | 1.22% |
| J.P. MORGAN SECURITIES LLC | $1K | 1.19% |
| HSBC SECURITIES (USA), INC. | $1K | 1.16% |
| CITIGROUP GLOBAL MARKETS INC. | $129 | 0.11% |
C000123060 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SunTrust Robinson Humphrey, Inc. | $1.6M | 69.96% |
| CREDIT SUISSE SECURITIES (USA) LLC | $572K | 24.82% |
| HSBC SECURITIES (USA), INC. | $120K | 5.23% |
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.