AST PGIM Fixed Income Central Portfolio

Advanced Series Trust · Series S000077474

Bond fund · 100% debt· rate + credit risk filed
$9.70B NAV
2,643 positions · as of 2026-03-31 · filed 2026-05-27
data updated 2026-08-10

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

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

103.95%
of net assets
Bonds58.55%
Securitized41.61%
Cash & short-term2.34%
Stocks1.37%
Derivatives0.07%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 105 new240 exited

Largest new: United States Treasury Notes ×2, United States Treasury Bonds ×2, (PIPA070) PGIM Core Government Money Market Fund, Federal National Mortgage Association ×2, PRUDENTIAL INVESTMENT PORTFOLIOS 9

Largest exited: (PIPA070) PGIM Core Government Money Market Fund, Fannie Mae ×4, PGIM Institutional Money Market Fund - D, Fannie Mae or Freddie Mac, Government National Mortgage A

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
4.35%
Avg maturity
16.66 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.

14%
floating
Fixed rate86.2%
Floating rate13.8%
Maturity ladder

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

<1yUnknown
<1y0.9%
1-3y8.1%
3-5y13.0%
5-10y19.5%
10y+58.4%
Unknown0.1%
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

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.

Interest-rate duration
5.91 yr
approx. move per 100bp
Credit-spread duration
3.41 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -9.5%
of value
Interest rates63%
Credit spreads37%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+3.41
yrs total
Investment grade+3.29 yr
High yield+0.12 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate5.91 yr total
3 mo30 yr
3 mo0.03 yr0%
1 yr0.62 yr11%
5 yr1.65 yr28%
10 yr2.34 yr40%
30 yr1.26 yr21%
Credit spread3.41 yr total
3 mo30 yr
3 mo0.02 yr0%
1 yr0.49 yr14%
5 yr1.75 yr51%
10 yr1.08 yr32%
30 yr0.08 yr2%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.03+0.02+0.00$15.6k$943
1 yr+0.62+0.45+0.04$436.8k$34.7k
5 yr+1.65+1.68+0.06$1.63m$62.7k
10 yr+2.34+1.06+0.02$1.03m$16.5k
30 yr+1.26+0.08+0.00$81.4k$143

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Rate exposure by currency

Duration contribution in years, summing to the fund's 5.91 yr.

USD+5.91 yr
EUR-0.00 yr

This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.

Holdings

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

Issuer%NAVValue
United States Treasury Notes3.75% · due 2032-11-302.81%$272.31M
United States Treasury Bonds1.88% · due 2051-02-152.39%$231.58M
(PIPA070) PGIM Core Government Money Market Fund2.34%$227.34M
United States Treasury Bonds4.63% · due 2044-11-152.02%$196.22M
Federal National Mortgage Association5.50% · due 2056-04-152.00%$193.89M
United States Treasury Bonds2.38% · due 2051-05-151.88%$182.26M
United States Treasury Bonds4.13% · due 2044-08-151.46%$141.16M
PRUDENTIAL INVESTMENT PORTFOLIOS 91.31%$126.71M
United States Treasury Notes4.00% · due 2033-01-310.99%$96.37M
United States Treasury Bonds4.00% · due 2042-11-150.96%$93.36M
Showing 10 of 2,643Sign in to see more

Top 10 positions are 18.15% of net assets, top 25 28.59%, across 816 issuers.

See more of this fund's book

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