AST J.P. Morgan Conservative Multi-Asset Portfolio
Advanced Series Trust
Fund classification
Classified from what the fund holds · as of 2026 Q2
AST J.P. Morgan Conservative Multi-Asset 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 to maximize return compared to the benchmark through security selection and tactical asset allocation.
The fund pursues security selection and tactical asset allocation across global equities and fixed income, with day-to-day decisions delegated to subadviser J.P. Morgan Investment Management. It maintains a strategic allocation of approximately 40% equities and 60% fixed income, though these may range between 30–50% and 50–70% respectively based on market conditions. The fund obtains exposure through direct security purchases, derivatives including options, futures, and swaps, and exchange-traded funds. Performance will diverge from its benchmark depending on the subadviser's tactical positioning choices.
| Share class | Gross | Net |
|---|---|---|
| C000005219 | 1.09% | 0.92% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 21.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.03% |
| Bonds | 1.65% |
| Cash & short-term | 0.69% |
| Loans | 0.00% |
| Derivatives | -0.00% |
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
Largest new: KEYENCE CORP, CHICAGO MERCANTILE EXCHANGE ×2, AJINOMOTO (JAPAN) COMPANY INC, RECRUIT HOLDINGS CO LTD, TOKIO MARINE HOLDINGS INC, MORGAN STANLEY & CO. LLC, MURATA MANUFACTURING COMPANY LTD
Largest exited: ICE FUTURES EUROPE, CHICAGO MERCANTILE EXCHANGE INC., EUREX CLEARING AKTIENGESELLSCHAFT ×2, OSAKA EXCHANGE,INC ×2, WSP Global Inc, Intact Financial Corp.
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 | 99.8% |
| Floating rate | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
| 1-3y | 0.0% |
| 10y+ | 0.0% |
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 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 |
|---|---|---|---|---|---|
| — | Advanced Series Trust | 60.64% | $11.76 | $2.24B | 190.1M |
| — | J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 11.06% | $71.22 | $407.88M | 5.7M |
| — | J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 5.68% | $79.41 | $209.32M | 2.6M |
| — | J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 5.54% | $98.59 | $204.45M | 2.1M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 4.09% | $1.0000 | $150.94M | 150.9M |
| — | J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 3.38% | $50.57 | $124.55M | 2.5M |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2027-01-31 | 1.65% | — | $60.82M | — |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 0.69% | — | $25.25M | — |
| — | SK HYNIX INC | 0.27% | $1,764.58 | $9.92M | 5.6K |
| — | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 0.20% | $78.89 | $7.42M | 94.0K |
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 93.20% of net assets, top 25 95.15%, across 196 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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