AST Balanced Asset Allocation Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, AST Balanced Asset Allocation Portfolio held 2,645 positions with $22.42B in net assets. Its ten largest holdings made up 46.9% of the fund. The fund costs 0.87% a year. Over the 12 months to May 2026, it returned 18.4%, with dividends reinvested. In 2026 Q2 it added 396 new positions and exited 448.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Advanced Series Trust | 16.17% | $3.63B | 299.7M | $12.10 |
PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 8.63% | $1.93B | 1.9B | $1.00 |
DIMENSIONAL ETF TRUST | 6.11% | $1.37B | 16.7M | $81.94 |
Advanced Series Trust | 5.52% | $1.24B | 10.6M | $116.83 |
Advanced Series Trust | 2.42% | $542.16M | 7.9M | $68.21 |
Advanced Series Trust | 1.67% | $375.13M | 3.7M | $102.46 |
NVDANVIDIA CORP | 1.66% | $372.32M | 1.9M | $200.09 |
ISHARES TRUST | 1.64% | $368.37M | 1.5M | $242.43 |
AAPLAPPLE INC | 1.59% | $356.41M | 1.2M | $289.36 |
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.
The 200 largest of 2,645 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 | 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.
By sector
- Other
- 51.3%
- International
- 9.3%
- Information Technology
- 8.9%
- Government
- 5.9%
- 12 other sectors
- 24.5%
- Other
- 51.3%
- International
- 9.3%
- Information Technology
- 8.9%
- Government
- 5.9%
- Financials
- 4.6%
- Securitized
- 4.5%
- Consumer Discretionary
- 2.6%
- Communication Services
- 2.6%
- Industrials
- 2.5%
- Health Care
- 2.5%
- Cash
- 1.4%
- Consumer Staples
- 1.1%
- Energy
- 0.9%
- Utilities
- 0.8%
- Real Estate
- 0.6%
- Materials
- 0.4%
How it has done
C000018401 share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.24%. 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 Balanced Asset Allocation Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.87%
- Portfolio turnover
- 61.00% 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.
396 new· the largest 6
448 exited· the largest 7
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.
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