C000149255 Fees and Costs — AST QMA International Core Equity Portfolio
Data updated: 2023-03-16
The net expense ratio is 0.99%: a 0.73% management fee, a 0.25% 12b-1 fee plus 0.04% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $26K in broker commissions, 0.0865% of average net assets, and portfolio turnover was 85%.
C000149255 Fees and Expenses
Annual operating expenses and sales charges of C000149255. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.04% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.99% |
| 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 |
C000149255 Costs Over Time
On $10,000 invested in C000149255, assuming 5% a year before costs, total costs come to $672 over 5 years, cutting the return by 1.13% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $370 | $672 |
| Value after costs | $10,387 | $11,206 | $12,090 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
C000149255 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): 0.0865%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $7.5M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $258K
- Net income from securities lending: $660 (0.002% of average net assets)
C000149255 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $7K | 29.75% |
| MORGAN STANLEY & CO. LLC | $6K | 24.41% |
| JEFFERIES LLC | $5K | 20.38% |
| SG AMERICAS SECURITIES LLC | $2K | 8.01% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1K | 5.77% |
| CLSA AMERICAS, LLC | $1K | 4.25% |
| MIZUHO SECURITIES USA LLC | $616 | 2.45% |
| VIRTU AMERICAS LLC | $524 | 2.08% |
| CITIGROUP GLOBAL MARKETS INC. | $451 | 1.79% |
| GOLDMAN SACHS & CO. LLC | $280 | 1.11% |
C000149255 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.5M | 33.24% |
| CITADEL SECURITIES LLC | $2.1M | 27.78% |
| MORGAN STANLEY & CO. LLC | $997K | 13.29% |
| SG AMERICAS SECURITIES, LLC | $791K | 10.55% |
| CitiGroup Global Markets Inc. | $635K | 8.47% |
| CREDIT SUISSE SECURITIES (USA) LLC | $499K | 6.66% |
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.