AST Multi-Asset Diversified Plus Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, AST Multi-Asset Diversified Plus Portfolio held 1,122 positions with $2.24B in net assets. Its ten largest holdings made up 37.6% of the fund. The fund costs 1.13% a year. Over the 12 months to May 2026, it returned 17.7%, with dividends reinvested. In 2026 Q2 it added 268 new positions and exited 361.
The investment objective of the Portfolio is to seek long-term capital appreciation.
The fund allocates roughly 40% to domestic and international equities, 20% to fixed income and real return strategies, and 40% to non-traditional strategies including real estate, commodities, and liquid alternatives, gaining exposure through underlying pooled investment vehicles and derivatives rather than direct security ownership. Day-to-day management of most assets is delegated to subadvisers. An overlay strategy using derivatives and cash, representing 15–25% of net assets, manages portfolio-level risk, liquidity, and tactical asset allocation adjustments.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 10.00% | $224.08M | 224.1M | $1.0000 |
Advanced Series Trust | 6.83% | $152.99M | 12.6M | $12.10 |
PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 3.71% | $83.28M | — | — |
DIMENSIONAL ETF TRUST | 2.90% | $64.98M | 793.0K | $81.94 |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.00% · due 2026-12-24 | 2.82% | $63.29M | — | — |
AB GLOBAL BOND FUND INC | 2.45% | $54.96M | 7.9M | $6.92 |
DIMENSIONAL ETF TRUST | 2.40% | $53.91M | 1.3M | $41.25 |
ISHARES TRUST | 2.40% | $53.72M | 533.6K | $100.67 |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.00% · due 2026-10-08 | 2.12% | $47.51M | — | — |
PRUDENTIAL SERIES FUND | 1.95% | $43.82M | 269.4K | $162.63 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 1,122 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 81.54% |
| Bonds | 16.32% |
| Cash & short-term | 3.71% |
| Securitized | 1.16% |
| Loans | 0.04% |
| Derivatives | -0.12% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 49.5%
- Government
- 15.0%
- International
- 12.8%
- Real Estate
- 6.8%
- 12 other sectors
- 15.9%
- Other
- 49.5%
- Government
- 15.0%
- International
- 12.8%
- Real Estate
- 6.8%
- Information Technology
- 3.8%
- Cash
- 3.6%
- Financials
- 2.1%
- Securitized
- 1.1%
- Health Care
- 1.1%
- Consumer Discretionary
- 1.1%
- Communication Services
- 1.0%
- Industrials
- 1.0%
- Consumer Staples
- 0.4%
- Energy
- 0.3%
- Utilities
- 0.3%
- Materials
- 0.2%
How it has done
C000018400 share class · total returns with dividends reinvested
Volatility over the last 12 months: 6.57%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
AST Multi-Asset Diversified Plus Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 1.13%
- Portfolio turnover
- 77.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
268 new· the largest 5
361 exited· the largest 5
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 60.5% |
| Zero-coupon or unclassified | 32.6% |
| Floating rate | 6.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 32.3% |
| 1-3y | 16.2% |
| 3-5y | 13.9% |
| 5-10y | 22.4% |
| 10y+ | 14.7% |
| Unknown | 0.5% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
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