C000140439 Fees and Costs — AST Prudential Flexible Multi-Strategy Portfolio
Data updated: 2023-03-16
The net expense ratio is 1.19% (1.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $11K in broker commissions, 0.0098% of average net assets, and portfolio turnover was 40%.
C000140439 Fees and Expenses
Annual operating expenses and sales charges of C000140439. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.19% |
| 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 |
C000140439 Costs Over Time
On $10,000 invested in C000140439, assuming 5% a year before costs, total costs come to $747 over 5 years, cutting the return by 1.26% 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 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $412 | $747 |
| Value after costs | $10,374 | $11,165 | $12,015 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000140439 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): 0.0098%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $4.8M
- Net income from securities lending: $19K (0.017% of average net assets)
C000140439 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 18.31% |
| BOFA SECURITIES, INC. | $2K | 17.29% |
| J.P. Morgan Securities LLC | $1K | 14.03% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1K | 11.36% |
| SG AMERICAS SECURITIES LLC | $896 | 9.15% |
| INSTINET, LLC | $773 | 7.89% |
| JEFFERIES LLC | $640 | 6.53% |
| HSBC SECURITIES (USA) INC. | $616 | 6.29% |
| CLSA AMERICAS, LLC | $449 | 4.58% |
| MACQUARIE CAPITAL (USA), INC. | $447 | 4.56% |
C000140439 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $599K | 42.73% |
| SG AMERICAS SECURITIES, LLC | $366K | 26.11% |
| CitiGroup Global Markets Inc. | $337K | 24.07% |
| MORGAN STANLEY & CO. LLC | $99K | 7.09% |
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.