C000213019 Fees and Costs — AST BlackRock Corporate Bond Portfolio
Data updated: 2022-03-14
The net expense ratio is 0.60%: a 0.53% management fee plus 2.37% other expenses, less a 2.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $173 in broker commissions, 0.0019% of average net assets, and portfolio turnover was 172%.
C000213019 Fees and Expenses
Annual operating expenses and sales charges of C000213019. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.37% |
| Gross expense ratio | 2.90% |
| Fee waiver | −2.30% |
| Net expense ratio | 0.60% |
| 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 |
C000213019 Costs Over Time
On $10,000 invested in C000213019, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
C000213019 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $173
- Bought from dealers (principal trades, not a cost): $18.4M
- Portfolio turnover (prospectus): 172%
- Securities lending: none during the year
C000213019 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $30 | 17.78% |
| CitiGroup Global Markets Inc. | $24 | 14.11% |
| GOLDMAN SACHS & CO. LLC | $21 | 12.25% |
| UBS Securities LLC | $20 | 12.02% |
| CREDIT SUISSE SECURITIES (USA) LLC | $15 | 8.69% |
| BOFA SECURITIES, INC. | $14 | 8.31% |
| MIZUHO SECURITIES USA LLC | $13 | 7.73% |
| WELLS FARGO SECURITIES, LLC | $12 | 7.37% |
| DEUTSCHE BANK SECURITIES INC. | $10 | 5.96% |
| MORGAN STANLEY & CO. LLC | $10 | 5.80% |
C000213019 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.4M | 16.13% |
| MORGAN STANLEY & CO. LLC | $2.3M | 15.08% |
| GOLDMAN SACHS & CO. LLC | $1.9M | 12.78% |
| BARCLAYS CAPITAL, INC. | $1.9M | 12.70% |
| CitiGroup Global Markets Inc. | $1.8M | 11.66% |
| BOFA SECURITIES, INC. | $1.3M | 8.53% |
| DEUTSCHE BANK SECURITIES, INC. | $1.0M | 6.65% |
| WELLS FARGO SECURITIES, LLC | $971K | 6.42% |
| HSBC SECURITIES (USA), INC. | $786K | 5.19% |
| RBC CAPITAL MARKETS LLC | $736K | 4.86% |
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.