C000135561 Fees and Costs — AST J.P. Morgan Aggressive Multi-Asset Portfolio
Data updated: 2026-08-26
The net expense ratio is 0.96% (1.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.0427% of average net assets, and portfolio turnover was 72%.
C000135561 Fees and Expenses
Annual operating expenses and sales charges of C000135561. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.96% |
| 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 |
C000135561 Costs Over Time
On $10,000 invested in C000135561, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000135561 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): 0.0427%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $97.7M
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $66.6M
- Net income from securities lending: $360K (0.014% of average net assets)
C000135561 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $274K | 28.22% |
| BOFA SECURITIES, INC. | $214K | 22.03% |
| JEFFERIES LLC | $97K | 10.02% |
| CITIGROUP GLOBAL MARKETS INC. | $85K | 8.75% |
| MORGAN STANLEY & CO. LLC | $84K | 8.69% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $54K | 5.56% |
| BNP Paribas Securities Corp. | $48K | 4.96% |
| UBS Securities LLC | $40K | 4.14% |
| CITADEL SECURITIES LLC | $39K | 4.01% |
| BARCLAYS CAPITAL, INC. | $35K | 3.61% |
C000135561 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $29.9M | 30.66% |
| BNY MELLON CAPITAL MARKETS, LLC | $24.2M | 24.78% |
| MORGAN STANLEY & CO. LLC | $24.0M | 24.57% |
| WELLS FARGO SECURITIES, LLC | $13.9M | 14.27% |
| BARCLAYS CAPITAL, INC. | $3.2M | 3.29% |
| BOFA SECURITIES, INC. | $1.1M | 1.13% |
| GOLDMAN SACHS & CO. LLC | $608K | 0.62% |
| JEFFERIES LLC | $385K | 0.39% |
| PIPER SANDLER & CO. | $161K | 0.16% |
| INSTINET, LLC | $115K | 0.12% |
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.