C000018405 Fees and Costs — AST Multi-Asset Diversified Portfolio
Data updated: 2026-08-26
The net expense ratio is 0.90% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $972K in broker commissions, 0.0180% of average net assets, and portfolio turnover was 73%.
C000018405 Fees and Expenses
Annual operating expenses and sales charges of C000018405. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.61% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.90% |
| 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 | No |
C000018405 Costs Over Time
On $10,000 invested in C000018405, assuming 5% a year before costs, total costs come to $575 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000018405 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): 0.0180%
- Total broker commissions: $972K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $166.0M
- Net income from securities lending: $392K (0.007% of average net assets)
C000018405 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $148K | 20.81% |
| CITIGROUP GLOBAL MARKETS INC. | $90K | 12.73% |
| J.P. MORGAN SECURITIES LLC | $76K | 10.68% |
| BARCLAYS CAPITAL, INC. | $72K | 10.23% |
| GOLDMAN SACHS & CO. LLC | $67K | 9.47% |
| JEFFERIES LLC | $60K | 8.52% |
| SG AMERICAS SECURITIES LLC | $50K | 7.11% |
| BOFA SECURITIES, INC. | $50K | 7.00% |
| Instinet LLC | $48K | 6.78% |
| CLSA Americas, LLC | $47K | 6.68% |
C000018405 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $387.7M | 15.00% |
| CITADEL SECURITIES LLC | $375.7M | 14.54% |
| Goldman Sachs & Co. LLC | $307.2M | 11.89% |
| CitiGroup Global Markets Inc. | $278.0M | 10.76% |
| PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC | $272.2M | 10.53% |
| Wells Fargo Securities LLC | $244.6M | 9.46% |
| BOFA SECURITIES, INC. | $225.3M | 8.72% |
| J.P. Morgan Securities LLC | $210.6M | 8.15% |
| BNP PARIBAS SECURITIES CORP. | $143.4M | 5.55% |
| BARCLAYS CAPITAL, INC. | $139.7M | 5.40% |
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.