C000140446 Fees and Costs — AST Franklin 85/15 Diversified Allocation Portfolio
Data updated: 2023-03-16
The net expense ratio is 1.03% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $166K in broker commissions, 0.0355% of average net assets, and portfolio turnover was 110%.
C000140446 Fees and Expenses
Annual operating expenses and sales charges of C000140446. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.03% |
| 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 |
C000140446 Costs Over Time
On $10,000 invested in C000140446, assuming 5% a year before costs, total costs come to $666 over 5 years, cutting the return by 1.12% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $666 |
| Value after costs | $10,388 | $11,210 | $12,097 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
C000140446 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): 0.0355%
- Total broker commissions: $166K
- Bought from dealers (principal trades, not a cost): $22.8M
- Portfolio turnover (prospectus): 110%
- Securities on loan, average value: $10.2M
- Net income from securities lending: $34K (0.007% of average net assets)
C000140446 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $40K | 25.54% |
| BOFA SECURITIES, INC. | $27K | 17.14% |
| CITIGROUP GLOBAL MARKETS INC. | $22K | 14.07% |
| MORGAN STANLEY & CO. LLC | $20K | 12.38% |
| GOLDMAN SACHS & CO. LLC | $19K | 11.94% |
| J.P. Morgan Securities LLC | $14K | 8.61% |
| CREDIT SUISSE SECURITIES (USA) LLC | $10K | 6.57% |
| JEFFERIES LLC | $3K | 1.73% |
| DAIWA CAPITAL MARKETS AMERICA HOLDINGS, INC. | $2K | 1.13% |
| RBC CAPITAL MARKETS, LLC | $1K | 0.89% |
C000140446 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $10.7M | 46.85% |
| UBS SECURITIES LLC | $6.9M | 30.36% |
| LEGG MASON INVESTOR SERVICES, LLC | $4.7M | 20.71% |
| Goldman Sachs & Co. LLC | $252K | 1.10% |
| MORGAN STANLEY & CO. LLC | $223K | 0.98% |
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.