C000140445 Fees and Costs — AST Jennison Global Infrastructure Portfolio
Data updated: 2020-08-24
The net expense ratio is 1.26%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.85% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $15K in broker commissions, 0.0975% of average net assets, and portfolio turnover was 55%.
C000140445 Fees and Expenses
Annual operating expenses and sales charges of C000140445. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.93% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.26% |
| 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 |
C000140445 Costs Over Time
On $10,000 invested in C000140445, assuming 5% a year before costs, total costs come to $843 over 5 years, cutting the return by 1.43% 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 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $465 | $843 |
| Value after costs | $10,357 | $11,111 | $11,920 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
C000140445 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): 0.0975%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $736K
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $640K
- Net income from securities lending: $1K (0.010% of average net assets)
C000140445 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 19.87% |
| GOLDMAN SACHS & CO. LLC | $2K | 18.90% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 18.38% |
| J.P. MORGAN SECURITIES LLC | $2K | 15.53% |
| BOFA SECURITIES, INC. | $784 | 6.73% |
| Allen & Company LLC | $711 | 6.10% |
| Cowen and Company, LLC | $541 | 4.65% |
| BMO CAPITAL MARKETS CORP. | $438 | 3.76% |
| Robert W. Baird & Co. Incorporated | $356 | 3.06% |
| RBC CAPITAL MARKETS, LLC | $351 | 3.02% |
C000140445 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ITAU BBA USA SECURITIES, INC. | $209K | 28.44% |
| RBC CAPITAL MARKETS LLC | $197K | 26.72% |
| J.P. Morgan Securities LLC | $142K | 19.33% |
| BARCLAYS CAPITAL, INC. | $127K | 17.18% |
| BOFA SECURITIES, INC. | $47K | 6.40% |
| MORGAN STANLEY & CO. LLC | $14K | 1.93% |
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.