PSF PGIM Flexible Managed Portfolio
Aggressive allocation fund
As of its 2026 Q2 report, PSF PGIM Flexible Managed Portfolio held 1,757 positions with $5.40B in net assets. Its ten largest holdings made up 27.4% of the fund. Its share classes cost 0.62%–0.87% a year. Over the 12 months to May 2026, it returned 19.4%, with dividends reinvested. In 2026 Q2 it added 260 new positions and exited 234.
The investment objective of the Portfolio is total return consistent with an aggressively managed diversified portfolio.
The fund is managed by subadvisers using quantitative models to seek outperformance of the S&P 500 Index while limiting underperformance, holding a diversified mix typically 60% equities (large, mid, and smaller companies) and 40% fixed income, with allocations adjusted based on market outlook. The fixed income portion emphasizes investment-grade debt and money market instruments, with up to 20% in high-yield bonds and up to 20% in structured credit; the fund may also hold up to 30% in foreign securities and up to 20% in foreign-currency debt. Because the equity strategy depends on the subadvisers' security selections to outperform the benchmark, results will diverge from the S&P 500 Index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
(PIPA070) PGIM Core Government Money Market Fund | 4.97% | $268.44M | — | — |
NVDANVIDIA CORP | 4.68% | $252.73M | 1.3M | $200.09 |
AAPLAPPLE INC | 4.07% | $219.65M | 759.1K | $289.36 |
MSFTMICROSOFT CORP | 2.69% | $145.03M | 388.8K | $373.02 |
AMZNAMAZON.COM INC | 2.32% | $125.22M | 525.4K | $238.34 |
GOOGLALPHABET INC | 2.12% | $114.39M | 320.1K | $357.37 |
PRUDENTIAL INVESTMENT PORTFOLIOS 9 | 2.00% | $108.10M | — | — |
GOOGALPHABET INC | 1.71% | $92.41M | 261.5K | $353.33 |
AVGOBROADCOM INC | 1.58% | $85.22M | 225.6K | $377.75 |
1.25% | $67.30M | 58.3K | $1,154.29 |
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 1,757 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 | 62.55% |
| Securitized | 20.44% |
| Bonds | 11.03% |
| Cash & short-term | 7.28% |
| Derivatives | -0.03% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
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.
By sector
- Information Technology
- 22.6%
- Securitized
- 17.1%
- Financials
- 9.4%
- Cash
- 6.8%
- 12 other sectors
- 44.0%
- Information Technology
- 22.6%
- Securitized
- 17.1%
- Financials
- 9.4%
- Cash
- 6.8%
- Communication Services
- 6.4%
- Government
- 6.1%
- Consumer Discretionary
- 5.5%
- Industrials
- 5.4%
- Health Care
- 5.3%
- International
- 3.6%
- Consumer Staples
- 2.8%
- Energy
- 2.4%
- Other
- 2.3%
- Utilities
- 2.1%
- Real Estate
- 1.4%
- Materials
- 0.7%
How it has done
C000005723 share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.32%. 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
PSF PGIM Flexible Managed Portfolio is an aggressive allocation fund. 19% of PSF PGIM Flexible Managed Portfolio’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
- Expense ratio, by class
- 0.62% – 0.87%
- Portfolio turnover
- 117.00% a year · as of 2026 Q2
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.
260 new· the largest 7
234 exited· the largest 8
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 | 85.8% |
| Floating rate | 13.7% |
| Zero-coupon or unclassified | 0.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 5.9% |
| 3-5y | 9.4% |
| 5-10y | 22.0% |
| 10y+ | 61.3% |
| Unknown | 0.1% |
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.
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 | 59% |
| Credit spreads | 41% |
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 | +1.25 yr |
| High yield | +0.02 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 | 0.21 yr | 12% |
| 5 yr | 0.54 yr | 30% |
| 10 yr | 0.72 yr | 39% |
| 30 yr | 0.33 yr | 18% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.17 yr | 13% |
| 5 yr | 0.77 yr | 61% |
| 10 yr | 0.31 yr | 24% |
| 30 yr | 0.02 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 | +0.01 | +0.00 | $2.8k | $28 |
| 1 yr | +0.21 | +0.16 | +0.01 | $86.3k | $4.4k |
| 5 yr | +0.54 | +0.76 | +0.01 | $410.9k | $6.2k |
| 10 yr | +0.72 | +0.31 | +0.00 | $165.7k | $885 |
| 30 yr | +0.33 | +0.02 | +0.00 | $11.7k | $0 |
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 1.82 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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