C000140444 Fees and Costs — AST PIMCO Dynamic Bond Portfolio
Data updated: 2020-11-24
The net expense ratio is 1.05%: a 0.71% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $17K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 368%.
C000140444 Fees and Expenses
Annual operating expenses and sales charges of C000140444. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
C000140444 Costs Over Time
On $10,000 invested in C000140444, assuming 5% a year before costs, total costs come to $660 over 5 years, cutting the return by 1.11% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $363 | $660 |
| Value after costs | $10,389 | $11,213 | $12,103 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000140444 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): 0.0063%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $8.9B
- Portfolio turnover (prospectus): 368%
- Securities on loan, average value: $5.2M
- Net income from securities lending: $14K (0.005% of average net assets)
C000140444 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $13K | 72.51% |
| NATIONAL FINANCIAL SERVICES LLC | $3K | 15.51% |
| Stifel, Nicolaus & Co., Inc. | $2K | 11.52% |
| MORGAN STANLEY & CO. LLC | $80 | 0.46% |
C000140444 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.9B | 32.68% |
| BOFA SECURITIES, INC. | $2.6B | 29.74% |
| TD SECURITIES (USA) LLC | $1.2B | 13.95% |
| CitiGroup Global Markets Inc. | $826.5M | 9.43% |
| BARCLAYS CAPITAL, INC. | $542.8M | 6.19% |
| CREDIT SUISSE SECURITIES (USA) LLC | $492.3M | 5.62% |
| MORGAN STANLEY & CO. LLC | $116.4M | 1.33% |
| DEUTSCHE BANK SECURITIES, INC. | $33.0M | 0.38% |
| GOLDMAN SACHS & CO. | $32.7M | 0.37% |
| NATWEST MARKETS SECURITIES INC. | $27.8M | 0.32% |
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.