AST PGIM Aggressive Multi-Asset Portfolio
Advanced Series Trust · Series S000006796
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of the Portfolio is to seek total return.
The fund allocates approximately 70% to domestic and international equities and 30% to fixed income and real estate, with day-to-day management delegated to multiple subadvisers who employ top-down economic analysis and bottom-up research using proprietary quantitative models. The subadvisers adjust allocations based on changing market expectations and may select securities on expected total return rather than yield alone. A liquidity overlay of 15–25% of net assets uses derivatives and cash instruments to manage portfolio risk, implement tactical allocation shifts, and handle redemptions. Because subadviser decisions depend on their proprietary models and market views, fund performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| C000018404 | 0.90% |
Portfolio turnover 73.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 88.62% |
| Bonds | 8.87% |
| Securitized | 2.24% |
| Cash & short-term | 1.70% |
| 2 smaller | 0.39% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×6, Rockford Tower CLO 2024-1 Ltd, AGL CLO 19 LTD
Largest exited: United States Treasury Bills, Monument CLO 1 Designated Activity Co., Regatta VIII Funding Ltd, ELMWOOD CLO 29 LTD, United States Treasury Bonds, CHICAGO MERCANTILE EXCHANGE INC., ELEVATION CLO 2021-12 LTD, Toro European CLO 9 Designated Activity Co.
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 | 70.7% |
| Floating rate | 18.9% |
| Zero-coupon or unclassified | 10.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 9.6% |
| 1-3y | 15.1% |
| 3-5y | 15.0% |
| 5-10y | 24.2% |
| 10y+ | 34.3% |
| Unknown | 1.8% |
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
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 | 13.49% | $12.10 | $1.81B | 149.3M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 2 | 9.95% | $1.00 | $1.33B | 1.3B |
| — | DIMENSIONAL ETF TRUST | 6.00% | $81.94 | $802.96M | 9.8M |
| — | ISHARES TRUST | 2.76% | $748.89 | $369.76M | 493.7K |
| AAPL | APPLE INCAAPL | 2.37% | $289.36 | $316.77M | 1.1M |
| NVDA | NVIDIA CORPNVDA | 2.33% | $200.09 | $311.53M | 1.6M |
| — | ISHARES TRUST | 2.09% | $96.58 | $280.36M | 2.9M |
| — | PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 1.70% | — | $227.07M | — |
| AMZN | AMAZON.COM INCAMZN | 1.65% | $238.34 | $220.59M | 925.5K |
| MSFT | MICROSOFT CORPMSFT | 1.55% | $373.02 | $207.68M | 556.7K |
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 43.88% of net assets, top 25 54.39%, across 2.5K 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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