AST Bond Portfolio 2020

Data updated: 2020-11-25

C000072531 — AST Bond Portfolio 2020. Target Date / Glide Path Allocation · $36.09M AUM · 0.90% expense ratio. Holdings, fees, performance and SEC filings.

C000072531 Fund Overview

AST Bond Portfolio 2020 is a US mutual fund managed by Advanced Series Trust, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Advanced Series Trust
Category: Target Date / Glide Path Allocation
Assets under management: $36.09M
1-year return: 2.5%
SEC CIK: 0000814679
SEC series ID: S000024449
Share class ID: C000072531

C000072531 Investment Objective and Strategy

AST Bond Portfolio 2020 describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advanced Series Trust.

Investment objective

The investment objective of the Portfolio is to seek the highest total return for a specific period of time, consistent with the preservation of capital and liquidity needs. Total return is comprised of current income and capital appreciation.

Principal investment strategy

In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in bonds. For purposes of this 80% policy, bonds include: (i) all debt securities and all fixed income securities, excluding preferred stock, issued by both government and non-government issuers, and (ii) all derivatives and synthetic instruments that have economic characteristics that are similar to such debt securities and such fixed income securities. In managing the Portfolios assets, the subadviser, PGIM Fixed Income, uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems. In the top-down economic analysis, the subadviser develops views on economic, policy and market trends.

In its bottom-up research, the subadviser develops an internal rating and outlook on issuers. The rating and outlook is determined based on a complete review of the financial health and trends of the issuer. The subadviser may also consider investment factors such as expected total return, yield, spread and potential for price appreciation as well as credit quality, maturity and risk. The Portfolio may invest in a security based upon the expected total return rather than the yield of such security. Contract owners cannot select the Portfolio for investment. Instead, if a Contract owner selected certain benefits under their Contract, the Contract owners account value may be allocated to and from the Portfolio in accordance with a mathematical formula under the Contract. The Contracts using the Portfolio are issued by Pruco Life Insurance Company, Pruco Life Insurance Company of New Jersey, Prudential Annuities Life Assurance Corporation and Allstate Life Insurance Company.

For more information, Contract owners should see their Contract prospectus or contact the relevant participating insurance company or their financial professional. The Portfolio is managed to mature in the year identified in its name in order to match the related liability under certain living benefit programs. In addition, the Portfolios duration and weighted average maturity will decline over time as the maturity date approaches. To that end, the Portfolios subadviser expects to maintain the duration of the Portfolio within +/ 0.50 years of the secondary benchmark index for the Portfolio. On or about the Portfolios maturity date, all of the securities held by the Portfolio will be sold and all of the outstanding shares of beneficial interest of the Portfolio will be redeemed. Proceeds from that redemption will be reallocated in accordance with the procedures applicable to the Contract owners Contract.

PGIM Fixed Income currently intends to maintain an overall weighted average credit quality rating of A- or better for the Portfolio. This target overall credit quality for the Portfolio will be based on ratings as of the date of purchase. In the event the overall credit quality drops below A- due to downgrades of individual portfolio securities, the PGIM Fixed Income will take appropriate action based upon the relevant facts and circumstances.

C000072531 Performance

Total returns for C000072531 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	2.5%

C000072531 Risk Information

Risk metrics for C000072531, derived from monthly returns in SEC filings.

1-year volatility (annualised): 0.8%

C000072531 Costs and Fees

C000072531 costs about $90 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.90%
Gross expense ratio: 0.90%
Portfolio turnover: 88%
Brokerage commissions: 0.84 bps of average net assets (SEC N-CEN)

C000072531 Cashflows

Over the 12 months to 2020-09, AST Bond Portfolio 2020 had net inflows of $205.65M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	$11.30M
2020-08	$9.05M
2020-07	$8.90M
2020-06	$13.93M
2020-05	$15.69M
2020-04	$24.48M

C000072531 Debt Constituents

No individual debt constituents are reported in AST Bond Portfolio 2020's latest SEC N-PORT filing.

C000072531 Prospectus and SEC Filings

Official AST Bond Portfolio 2020 filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.