AST Balanced Asset Allocation Portfolio
Advanced Series Trust · Series S000006793
data updated 2026-09-08
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.
The fund is a fund of funds that allocates approximately 60% to equity strategies (domestic and international) and 40% to fixed income strategies (US, global hedged, and emerging market bonds) through investments in underlying pooled vehicles and direct holdings. Day-to-day investment decisions are delegated to PGIM Quantitative Solutions, which adjusts the neutral allocation based on forward-looking macroeconomic and market assessments. An overlay strategy managed by PGIM Quantitative Solutions, representing 15–25% of net assets, uses derivatives and cash instruments to manage liquidity and rebalance exposures across asset classes. Because the fund's allocations are subject to active adjustment based on the subadviser's views rather than fixed to a benchmark, actual holdings and weightings will diverge from any static target.
| Share class | Gross | Net |
|---|---|---|
| C000018401 | 0.96% | 0.87% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 61.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 84.66% |
| Bonds | 10.52% |
| Securitized | 4.57% |
| Cash & short-term | 1.47% |
| 2 smaller | 0.23% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: Advanced Series Trust, ISHARES TRUST, UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×3, FEDERAL HOME LOAN MORTGAGE CORP, UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE, DD
Largest exited: Advanced Series Trust, United States Treasury Bills ×2, United States Treasury Notes, ROCKFORD TOWER CLO 2020-1 LTD, ELMWOOD CLO 25 LTD, BALBOA BAY LOAN FUNDING 2024-1 LTD, Germany (Federal Republic Of)
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 | 68.6% |
| Floating rate | 26.0% |
| Zero-coupon or unclassified | 5.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 6.5% |
| 1-3y | 8.5% |
| 3-5y | 16.3% |
| 5-10y | 22.2% |
| 10y+ | 44.8% |
| Unknown | 1.7% |
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
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
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.
| Interest rates | 71% |
| Credit spreads | 29% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.41 yr |
| High yield | +0.06 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.11 yr | 10% |
| 5 yr | 0.37 yr | 32% |
| 10 yr | 0.45 yr | 39% |
| 30 yr | 0.20 yr | 18% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.07 yr | 15% |
| 5 yr | 0.30 yr | 64% |
| 10 yr | 0.09 yr | 19% |
| 30 yr | 0.01 yr | 2% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $459 | $1.7k |
| 1 yr | +0.11 | +0.05 | +0.02 | $115.3k | $46.8k |
| 5 yr | +0.37 | +0.27 | +0.03 | $613.3k | $65.1k |
| 10 yr | +0.45 | +0.08 | +0.01 | $175.1k | $22.3k |
| 30 yr | +0.20 | +0.01 | +0.00 | $24.5k | $1.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.14 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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Advanced Series Trust | 16.17% | $12.10 | $3.63B | 299.7M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 8.63% | $1.00 | $1.93B | 1.9B |
| — | DIMENSIONAL ETF TRUST | 6.11% | $81.94 | $1.37B | 16.7M |
| — | Advanced Series Trust | 5.52% | $116.83 | $1.24B | 10.6M |
| — | Advanced Series Trust | 2.42% | $68.21 | $542.16M | 7.9M |
| — | Advanced Series Trust | 1.67% | $102.46 | $375.13M | 3.7M |
| NVDA | NVIDIA CORPNVDA | 1.66% | $200.09 | $372.32M | 1.9M |
| — | ISHARES TRUST | 1.64% | $242.43 | $368.37M | 1.5M |
| AAPL | APPLE INCAAPL | 1.59% | $289.36 | $356.41M | 1.2M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 1.47% | — | $329.37M | — |
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 46.88% of net assets, top 25 59.62%, across 1.5K 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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