AST J.P. Morgan Conservative Multi-Asset Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, AST J.P. Morgan Conservative Multi-Asset Portfolio held 214 positions with $3.69B in net assets. Its ten largest holdings made up 93.2% of the fund. The fund costs 0.92% a year. Over the 12 months to May 2026, it returned 11.4%, with dividends reinvested. In 2026 Q2 it added 44 new positions and exited 41.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Advanced Series Trust | 60.64% | $2.24B | 190.1M | $11.76 |
J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 11.06% | $407.88M | 5.7M | $71.22 |
J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 5.68% | $209.32M | 2.6M | $79.41 |
J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 5.54% | $204.45M | 2.1M | $98.59 |
PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 4.09% | $150.94M | 150.9M | $1.0000 |
J.P. MORGAN EXCHANGE-TRADED FUND TRUST | 3.38% | $124.55M | 2.5M | $50.57 |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 4.13% · due 2027-01-31 | 1.65% | $60.82M | — | — |
PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 0.69% | $25.25M | — | — |
SK HYNIX INC | 0.27% | $9.92M | 5.6K | $1,764.58 |
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 0.20% | $7.42M | 94.0K | $78.89 |
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 214 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 | 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.
How it has done
C000005219 share class · total returns with dividends reinvested
Volatility over the last 12 months: 6.94%. 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 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
- Expense ratio, by class
- 0.92%
- Portfolio turnover
- 21.00% 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.
44 new· the largest 7
41 exited· the largest 6
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. One figure above was flagged for a possible filing data-quality anomaly, marked accordingly.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — this fund, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”