AST J.P. Morgan Fixed Income Central Portfolio

Advanced Series Trust

Actively managed U.S. bond fund
$3.58B NAV
1,282 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

AST J.P. Morgan Fixed Income Central Portfolio is an actively managed U.S. bond fund.

Asset class
Bonds
Region
United States
Management
Actively managed
Fund type
Open-end fund
Credit quality
Investment grade
Rate sensitivity
Intermediate duration

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 Q2

101.43%
of net assets
Bonds56.60%
Securitized39.19%
Cash & short-term5.53%
Derivatives0.11%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Securitized38.6%
Government26.0%
Financials7.5%
Other6.0%
12 smaller21.9%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 126 new123 exited

Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×5, GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, GOLDMAN SACHS GROUP INC (THE), Ginnie Mae (Ze)

Largest exited: FEDERAL FARM CREDIT BANKS FUNDING CORP, Goldman Sachs Group, Inc., United States Treasury Bills, United States Treasury Notes, Federal National Mortgage Association ×2, Abbott Laboratories, Micron Technology Inc.

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+5.05%
3-year
+12.41%
5-year
42 of 60 months
Volatility
3.55%
Worst 3-yr fall
-6.65%
Cumulative return· Jul 2023 – 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

Avg coupon
4.31%
Avg maturity
15.58 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.

2%
floating
Fixed rate94.7%
Zero-coupon or unclassified3.7%
Floating rate1.6%
Maturity ladder

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

<1yUnknown
<1y1.7%
1-3y9.2%
3-5y15.8%
5-10y17.7%
10y+55.0%
Unknown0.5%
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 2026Q2

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

Interest-rate duration
5.70 yr
approx. move per 100bp
Credit-spread duration
3.87 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 rates60%
Credit spreads40%

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.

+3.87
yrs total
Investment grade+3.85 yr
High yield+0.02 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 rate5.70 yr total
3 mo30 yr
3 mo0.03 yr0%
1 yr0.64 yr11%
5 yr1.67 yr29%
10 yr2.31 yr40%
30 yr1.06 yr19%
Credit spread3.87 yr total
3 mo30 yr
3 mo0.00 yr0%
1 yr0.35 yr9%
5 yr2.29 yr59%
10 yr1.11 yr29%
30 yr0.11 yr3%

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+0.00+0.00$785$20
1 yr+0.64+0.34+0.01$123.0k$2.6k
5 yr+1.67+2.28+0.01$815.7k$4.7k
10 yr+2.31+1.11+0.00$398.7k$127
30 yr+1.06+0.11+0.00$39.2k$0

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

Holdings

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

Issuer%NAVValue
(PIPA070) PGIM Core Government Money Market Fund3.45%$123.67M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2029-11-302.72%$97.45M
PRUDENTIAL INVESTMENT PORTFOLIOS 92.08%$74.38M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2031-02-151.72%$61.67M
FEDERAL NATIONAL MORTGAGE ASSOCIATION5.50% · due 2053-07-011.40%$49.97M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2027-11-151.29%$46.38M
FEDERAL HOME LOAN MORTGAGE CORP5.00% · due 2053-11-011.28%$45.89M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2028-03-311.11%$39.69M
FEDERAL HOME LOAN MORTGAGE CORP4.50% · due 2052-09-011.09%$39.04M
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION3.00% · due 2051-08-201.03%$36.92M
Showing 10 of 1,282Sign in to see more

Top 10 positions are 17.17% of net assets, top 25 29.37%, across 381 issuers.

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