C000125623 Fees and Costs — AST AQR Large-Cap Portfolio
Data updated: 2020-08-24
The net expense ratio is 0.81%: a 0.56% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $63K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 95%.
C000125623 Fees and Expenses
Annual operating expenses and sales charges of C000125623. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.81% |
| 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 |
C000125623 Costs Over Time
On $10,000 invested in C000125623, assuming 5% a year before costs, total costs come to $510 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $510 |
| Value after costs | $10,415 | $11,296 | $12,252 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000125623 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): 0.0029%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $73.6M
- Net income from securities lending: $132K (0.006% of average net assets)
C000125623 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $26K | 41.84% |
| CREDIT SUISSE SECURITIES (USA) LLC | $10K | 15.40% |
| HSBC SECURITIES (USA), INC. | $9K | 14.94% |
| CITIGROUP GLOBAL MARKETS INC. | $6K | 9.47% |
| BARCLAYS CAPITAL, INC. | $3K | 4.58% |
| J.P. MORGAN SECURITIES LLC | $3K | 4.50% |
| MORGAN STANLEY & CO. LLC | $2K | 3.61% |
| BOFA SECURITIES, INC. | $2K | 3.10% |
| DEUTSCHE BANK SECURITIES INC. | $2K | 2.55% |
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.