C000158030 Fees and Costs — AST AB Global Bond Portfolio
Data updated: 2020-11-24
The net expense ratio is 0.88%: a 0.62% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $14K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 144%.
C000158030 Fees and Expenses
Annual operating expenses and sales charges of C000158030. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000158030 Costs Over Time
On $10,000 invested in C000158030, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.93% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $303 | $552 |
| Value after costs | $10,407 | $11,273 | $12,210 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000158030 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): 0.0010%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $7.5B
- Portfolio turnover (prospectus): 144%
- Securities on loan, average value: $25.8M
- Net income from securities lending: $68K (0.005% of average net assets)
C000158030 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $14K | 100.00% |
C000158030 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.5B | 40.10% |
| BOFA SECURITIES, INC. | $866.6M | 13.98% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $510.2M | 8.23% |
| BARCLAYS CAPITAL, INC. | $487.9M | 7.87% |
| CitiGroup Global Markets Inc. | $451.7M | 7.29% |
| GOLDMAN SACHS & CO. LLC | $434.2M | 7.01% |
| DEUTSCHE BANK SECURITIES, INC. | $334.7M | 5.40% |
| J.P. Morgan Securities LLC | $304.3M | 4.91% |
| WELLS FARGO SECURITIES, LLC | $170.9M | 2.76% |
| NATWEST MARKETS SECURITIES INC. | $151.9M | 2.45% |
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.