AST Aggressive Asset Allocation Portfolio

Advanced Series Trust · Series S000006791

Equity fund · 92% stocks· rate + credit risk filed
$10.67B NAV
2,178 positions · as of 2026-03-31 · filed 2026-05-27
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Portfolio is to obtain the highest potential total return consistent with its specified level of risk tolerance.

Strategy · summarised

The fund is a fund of funds that allocates approximately 75% to equity strategies (domestic and international) and 25% to fixed income strategies through underlying pooled investment vehicles selected by the manager. Day-to-day allocation decisions are delegated to PGIM Quantitative Solutions, which adjusts a neutral allocation based on macroeconomic and market assessments. An overlay strategy using derivatives and cash manages liquidity and rebalances exposures across equity and fixed income benchmarks. Because the fund's weights in underlying portfolios are adjusted based on the subadviser's forward-looking views rather than fixed to an index, actual allocations may diverge from the stated neutral targets.

Expenses
0.86%one share class
Share classGrossNet
C0000183990.98%0.86%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 65.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.11%
of net assets
Stocks91.91%
Bonds6.38%
Securitized2.89%
Loans0.05%
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.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 477 new415 exited

Largest new: Advanced Series Trust ×3, Prudential Investment Portfolios 2, PRUDENTIAL INVESTMENT PORTFOLIOS 9, United States Treasury Bills, United States Treasury Bonds, Roche Holding AG

Largest exited: AST PGIM Fixed Income Central Portfolio, PGIM Core Ultra Short Bond Fund, AST Hotchkis & Wiley Large-Cap Value Portfolio, AST Small-Cap Growth Portfolio, PGIM Institutional Money Market Fund - D, TREASURY BILL, State Street Health Care Select Sector SPDR ETF, Roche Holding AG

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 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.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
4.15%
Avg maturity
9.65 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

28%
floating
Fixed rate63.4%
Floating rate27.5%
Zero-coupon or unclassified9.1%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1yUnknown
<1y7.5%
1-3y11.2%
3-5y14.0%
5-10y20.8%
10y+44.7%
Unknown1.8%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

Interest-rate duration
0.89 yr
approx. move per 100bp
Credit-spread duration
Not disclosed

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Advanced Series Trust9.96%$1.06B
Prudential Investment Portfolios 27.91%$844.30M
Advanced Series Trust7.31%$780.10M
Dimensional ETF Trust6.17%$658.06M
Advanced Series Trust3.07%$327.69M
iShares Trust2.21%$235.52M
NVIDIA Corp.NVDA2.15%$229.95M
Advanced Series Trust2.07%$221.18M
Apple Inc.AAPL1.99%$212.41M
PRUDENTIAL INVESTMENT PORTFOLIOS 91.63%$173.34M
Showing 10 of 2,178Sign in to see more

Top 10 positions are 44.48% of net assets, top 25 56.38%, across 1.4K 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.

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