C000158036 Fees and Costs — AST Neuberger Berman Long/Short Portfolio
Data updated: 2020-08-24
The net expense ratio is 1.87% (2.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $29K in broker commissions, 0.0991% of average net assets, and portfolio turnover was 83%.
C000158036 Fees and Expenses
Annual operating expenses and sales charges of C000158036. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.04% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 2.18% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.87% |
| 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 |
C000158036 Costs Over Time
On $10,000 invested in C000158036, assuming 5% a year before costs, total costs come to $1,208 over 5 years, cutting the return by 2.07% 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 1.87%) | $196 | $606 | $1,041 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $207 | $670 | $1,208 |
| Value after costs | $10,293 | $10,906 | $11,555 |
| Impact on return, per year | 2.07% | 2.07% | 2.07% |
C000158036 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): 0.0991%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $17.1M
- Portfolio turnover (prospectus): 83%
- Securities lending: none during the year
C000158036 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $5K | 24.23% |
| BOFA SECURITIES, INC. | $3K | 13.32% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 12.37% |
| J.P. MORGAN SECURITIES LLC | $2K | 11.31% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2K | 10.92% |
| GOLDMAN SACHS & CO. LLC | $1K | 6.79% |
| JEFFERIES LLC | $1K | 5.87% |
| BNY MELLON CAPITAL MARKETS, LLC | $1K | 5.58% |
| Raymond James & Associates, Inc. | $1K | 5.04% |
| TELSEY ADVISORY GROUP LLC | $1K | 4.56% |
C000158036 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $11.8M | 69.95% |
| J.P. Morgan Securities LLC | $2.5M | 14.55% |
| GOLDMAN SACHS & CO. LLC | $838K | 4.96% |
| MORGAN STANLEY & CO. LLC | $616K | 3.64% |
| UBS SECURITIES LLC | $275K | 1.63% |
| BARCLAYS CAPITAL, INC. | $248K | 1.47% |
| VIRTU AMERICAS LLC | $236K | 1.39% |
| BOFA SECURITIES, INC. | $204K | 1.21% |
| CREDIT SUISSE SECURITIES (USA) LLC | $141K | 0.83% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $63K | 0.37% |
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.