AST Multi-Asset Diversified Plus Portfolio
Advanced Series Trust
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Gross | Net |
|---|---|---|
| C000018400 | 1.18% | 1.13% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 77.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 49.5% |
| Government | 15.0% |
| International | 12.8% |
| Real Estate | 6.8% |
| 12 smaller | 15.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×4, Advanced Series Trust, COLD, ICE FUTURES EUROPE, BRX
Largest exited: United States Treasury Bills ×3, Advanced Series Trust, BANK OF AMERICA, NATIONAL ASSOCIATION, NEW YORK MERCANTILE EXCHANGE, INC., ICE FUTURES EUROPE ×2
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 10.00% | $1.0000 | $224.08M | 224.1M |
| — | Advanced Series Trust | 6.83% | $12.10 | $152.99M | 12.6M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 3.71% | — | $83.28M | — |
| — | DIMENSIONAL ETF TRUST | 2.90% | $81.94 | $64.98M | 793.0K |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2026-12-24 | 2.82% | — | $63.29M | — |
| — | AB GLOBAL BOND FUND INC | 2.45% | $6.92 | $54.96M | 7.9M |
| — | DIMENSIONAL ETF TRUST | 2.40% | $41.25 | $53.91M | 1.3M |
| — | ISHARES TRUST | 2.40% | $100.67 | $53.72M | 533.6K |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2026-10-08 | 2.12% | — | $47.51M | — |
| — | PRUDENTIAL SERIES FUND | 1.95% | $162.63 | $43.82M | 269.4K |
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.
Top 10 positions are 37.58% of net assets, top 25 56.09%, across 933 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free