C000018404 Fees and Costs — AST PGIM Aggressive Multi-Asset Portfolio
Data updated: 2026-08-26
The net expense ratio is 0.90%: a 0.62% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0138% of average net assets, and portfolio turnover was 73%.
C000018404 Fees and Expenses
Annual operating expenses and sales charges of C000018404. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
C000018404 Costs Over Time
On $10,000 invested in C000018404, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $573 |
| Value after costs | $10,404 | $11,262 | $12,190 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000018404 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0138%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $202.5M
- Net income from securities lending: $542K (0.004% of average net assets)
C000018404 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $216K | 16.18% |
| J.P. Morgan Securities LLC | $207K | 15.54% |
| INSTINET, LLC | $163K | 12.25% |
| MORGAN STANLEY & CO. LLC | $154K | 11.54% |
| GOLDMAN SACHS & CO. LLC | $142K | 10.68% |
| SG AMERICAS SECURITIES LLC | $111K | 8.32% |
| JEFFERIES LLC | $108K | 8.06% |
| UBS Securities LLC | $88K | 6.56% |
| HSBC SECURITIES (USA) INC. | $82K | 6.13% |
| CITIGROUP GLOBAL MARKETS INC. | $63K | 4.75% |
C000018404 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $775.5M | 27.46% |
| PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC | $687.3M | 24.33% |
| Goldman Sachs & Co. LLC | $255.4M | 9.04% |
| J.P. Morgan Securities LLC | $237.9M | 8.42% |
| CITADEL SECURITIES LLC | $216.7M | 7.67% |
| CitiGroup Global Markets Inc. | $175.9M | 6.23% |
| MORGAN STANLEY & CO. LLC | $123.0M | 4.35% |
| BNP PARIBAS SECURITIES CORP. | $121.6M | 4.31% |
| Wells Fargo Securities LLC | $120.0M | 4.25% |
| BARCLAYS CAPITAL, INC. | $111.1M | 3.93% |
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.