C000158033 Fees and Costs — AST Goldman Sachs Global Income Portfolio
Data updated: 2020-11-24
The net expense ratio is 0.94%: a 0.63% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $103K in broker commissions, 0.0146% of average net assets, and portfolio turnover was 472%.
C000158033 Fees and Expenses
Annual operating expenses and sales charges of C000158033. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| 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 |
C000158033 Costs Over Time
On $10,000 invested in C000158033, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000158033 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): 0.0146%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $17.9B
- Portfolio turnover (prospectus): 472%
- Securities on loan, average value: $8.9M
- Net income from securities lending: $25K (0.003% of average net assets)
C000158033 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $43K | 42.00% |
| J.P. MORGAN SECURITIES LLC | $39K | 37.57% |
| CITIGROUP GLOBAL MARKETS INC. | $19K | 17.95% |
| MORGAN STANLEY & CO. LLC | $1K | 1.11% |
| BOFA SECURITIES, INC. | $1K | 1.00% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $383 | 0.37% |
C000158033 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $10.9B | 63.09% |
| BOFA SECURITIES, INC. | $1.6B | 9.03% |
| J.P. Morgan Securities LLC | $1.5B | 8.67% |
| MORGAN STANLEY & CO. LLC | $1.1B | 6.55% |
| CitiGroup Global Markets Inc. | $978.5M | 5.66% |
| BARCLAYS CAPITAL, INC. | $673.0M | 3.90% |
| DEUTSCHE BANK SECURITIES, INC. | $171.7M | 0.99% |
| HSBC SECURITIES (USA), INC. | $156.6M | 0.91% |
| WELLS FARGO SECURITIES, LLC | $115.6M | 0.67% |
| BNY MELLON CAPITAL MARKETS, LLC | $90.3M | 0.52% |
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.