C000140442 Fees and Costs — AST Franklin Templeton K2 Global Absolute Return Portfolio
Data updated: 2020-05-27
The net expense ratio is 1.18% (1.98% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $6K in broker commissions, 0.0246% of average net assets, and portfolio turnover was 28%.
C000140442 Fees and Expenses
Annual operating expenses and sales charges of C000140442. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.98% |
| Fee waiver | −0.80% |
| Net expense ratio | 1.18% |
| 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 |
C000140442 Costs Over Time
On $10,000 invested in C000140442, assuming 5% a year before costs, total costs come to $750 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 1.18%) | $124 | $386 | $668 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $126 | $413 | $750 |
| Value after costs | $10,374 | $11,163 | $12,012 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000140442 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): 0.0246%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $104.8M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $9K (0.036% of average net assets)
C000140442 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1K | 28.52% |
| UBS Securities LLC | $777 | 15.85% |
| RBC CAPITAL MARKETS, LLC | $572 | 11.67% |
| JEFFERIES LLC | $538 | 10.99% |
| MORGAN STANLEY & CO. LLC | $412 | 8.40% |
| HSBC SECURITIES (USA) INC. | $336 | 6.87% |
| BOFA SECURITIES, INC. | $291 | 5.95% |
| GOLDMAN SACHS & CO. LLC | $275 | 5.61% |
| VIRTU ITG LLC | $160 | 3.27% |
| EVERCORE GROUP L.L.C. | $141 | 2.88% |
C000140442 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $69.5M | 66.34% |
| SG AMERICAS SECURITIES, LLC | $34.9M | 33.28% |
| BOFA SECURITIES, INC. | $404K | 0.39% |
| BANCA INTERMOBILIARE DI INVESTIMENTI E GESTIONI S.P.A. | $2K | 0.00% |
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.