C000123062 Fees and Costs — AST Multi-Sector Fixed Income Portfolio
Data updated: 2026-08-26
The net expense ratio is 0.72%: a 0.49% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $211K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 21%.
C000123062 Fees and Expenses
Annual operating expenses and sales charges of C000123062. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.72% |
| 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 |
C000123062 Costs Over Time
On $10,000 invested in C000123062, assuming 5% a year before costs, total costs come to $454 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $454 |
| Value after costs | $10,424 | $11,327 | $12,309 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
C000123062 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): 0.0022%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): $4.4B
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $382.6M
- Net income from securities lending: $561K (0.006% of average net assets)
C000123062 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $135K | 64.00% |
| BOFA SECURITIES, INC. | $27K | 12.64% |
| CitiGroup Global Markets Inc. | $25K | 11.78% |
| GOLDMAN SACHS & CO. LLC | $24K | 11.20% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $776 | 0.37% |
C000123062 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $598.8M | 18.20% |
| BARCLAYS CAPITAL, INC. | $459.0M | 13.95% |
| GOLDMAN SACHS & CO. LLC | $443.0M | 13.46% |
| J.P. Morgan Securities LLC | $400.4M | 12.17% |
| BOFA SECURITIES, INC. | $331.2M | 10.06% |
| BNP PARIBAS SECURITIES CORP. | $317.8M | 9.66% |
| MORGAN STANLEY & CO. LLC | $244.6M | 7.43% |
| Sumitomo Mitsui Banking Corporation | $199.0M | 6.05% |
| JEFFERIES LLC | $160.9M | 4.89% |
| STONEX FINANCIAL INC. | $136.0M | 4.13% |
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.