C000206973 Fees and Costs — AST BlackRock 60/40 Target Allocation ETF Portfolio
Data updated: 2023-03-16
The net expense ratio is 0.75% (1.00% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $87K in broker commissions, 0.0489% of average net assets, and portfolio turnover was 66%.
C000206973 Fees and Expenses
Annual operating expenses and sales charges of C000206973. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.75% |
| 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 |
C000206973 Costs Over Time
On $10,000 invested in C000206973, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $275 | $502 |
| Value after costs | $10,416 | $11,301 | $12,261 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000206973 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): 0.0489%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $34.5M
- Net income from securities lending: $213K (0.119% of average net assets)
C000206973 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $20K | 25.25% |
| Jane Street Execution Services, LLC | $11K | 14.26% |
| BOFA SECURITIES, INC. | $10K | 12.36% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 9.72% |
| CREDIT SUISSE SECURITIES (USA) LLC | $7K | 8.59% |
| UBS Securities LLC | $6K | 7.98% |
| CITADEL SECURITIES LLC | $5K | 6.81% |
| GOLDMAN SACHS & CO. LLC | $4K | 5.71% |
| J.P. Morgan Securities LLC | $4K | 4.95% |
| VIRTU AMERICAS LLC | $3K | 4.37% |
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.