Target 2025 Allocation Portfolio
Data updated: 2023-11-27
C000104156 — Target 2025 Allocation Portfolio. Target Date / Glide Path Allocation · $138.83M AUM. Holdings, fees, performance and SEC filings.
C000104156 Fund Overview
Target 2025 Allocation Portfolio is a US mutual fund managed by Axa Premier Vip 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: Axa Premier Vip Trust
- Category: Target Date / Glide Path Allocation
- Assets under management: $138.83M
- 1-year return: 11.6%
- SEC CIK: 0001160168
- SEC series ID: S000011773
- Share class ID: C000104156
C000104156 Investment Objective and Strategy
Target 2025 Allocation Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Axa Premier Vip Trust.
Investment objective
Seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income.
Principal investment strategy
The Portfolio seeks to achieve its objective by investing in other mutual funds (the Underlying Portfolios) managed by AXA Equitable Funds Management Group, LLC (FMG LLC or Adviser) and sub-advised by one or more investment sub-advisers (Sub-Adviser), which represent a variety of asset classes and investment styles. The Portfolio is managed to target 2025 as the specific year of planned retirement (the retirement year or target year). The retirement year also assumes that an investor retires at age 65; however, the Portfolio should not be selected solely on the basis of an investors age or the target year. The Portfolios asset mix will become more conservative each year until reaching the year approximately 10 years after the retirement year at which time it is intended that the asset mix will become relatively stable.
The Portfolio balances the need for appreciation with the need for income as retirement approaches, and focuses on supporting an income stream over a long-term retirement withdrawal horizon. The Portfolio is not designed for a lump sum redemption at the target year and does not guarantee a particular level of income. The Portfolio maintains significant allocations to equities both prior to and after the target year and is generally expected to reach its most conservative allocation 10 years after the target year. The asset classes in which the Portfolio may invest generally are divided into domestic equity securities (such as the common stock of U.S. companies of any size), international equity securities (such as the common stock of foreign companies of any size, including those located in developed and emerging markets) and fixed income investments (such as debt securities issued by the U.S.
Government and its agencies and instrumentalities, mortgage- and asset-backed securities, domestic and foreign investment grade and high yield or junk bonds, and short-term investments such as money market instruments). The Portfolio is not limited with respect to the maturity, duration or credit quality of the fixed income securities in which it invests. The Underlying Portfolios in which the Portfolio may invest may also invest in fixed income securities of any maturity, duration or credit quality. The Portfolio may hold cash or invest in short-term paper and other short-term investments (instead of allocating investments to an Underlying Portfolio) as deemed appropriate by the Adviser. The following chart shows the Portfolios target allocation for the various asset classes (as represented by the holdings of the Underlying Portfolios in which the Portfolio invests) as of the date of this Prospectus.
The Portfolio may invest in Underlying Portfolios that employ derivatives for a variety of purposes, including to reduce risk, to seek enhanced returns from certain asset classes, and to leverage exposure to certain asset classes. Target 2025 Allocation Portfolio Asset Allocation Targets Approximate Number of Years Before/After Retirement Year 7 Years Before 5 Years Before Retirement 5 Years After 10 Years After Asset Class Domestic Equity 45% 42% 35% 30% 15% International Equity 21% 18% 15% 10% 5% Fixed Income 34% 40% 50% 60% 80% The following chart illustrates how the asset mix of the Portfolio will vary over time. In general, the asset mix of the Portfolio will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that increasingly favors Underlying Portfolios that emphasize investments in bonds and money market instruments.
The Underlying Portfolios can invest in companies of any size, and can use derivatives, including futures contracts, to achieve their respective investment objectives. As of December 31, 2017, the Portfolios asset mix was allocated approximately 44.6% to domestic equity, 23.6% to international equity, and 31.8% to fixed income. The Portfolios Annual and Semi-Annual Reports to shareholders set forth the actual allocation to the Underlying Portfolios as of the date of the report. The Adviser establishes the asset mix of the Portfolio and selects the specific Underlying Portfolios in which to invest using its proprietary investment process, which is based on fundamental research regarding the investment characteristics of each asset class and the Underlying Portfolios (such as risk, volatility, and the potential for growth and income), as well as its outlook for the economy and financial markets.
The Adviser may change the asset allocation targets and may add new Underlying Portfolios or replace or eliminate existing Underlying Portfolios without notice or shareholder approval. The Adviser may sell the Portfolios holdings for a variety of reasons, including to invest in an Underlying Portfolio believed to offer superior investment opportunities. The Adviser will permit the relative weightings of the Portfolios asset classes to vary in response to the markets, ordinarily by not more than plus/minus 15%. Beyond those ranges, the Adviser generally will use cash flows, and periodically will rebalance the Portfolios investments, to keep the Portfolio within its asset allocation targets. However, there may be occasions when those ranges will expand to 20% due to a variety of factors, including appreciation or depreciation of one or more of the asset classes.
The Portfolio will purchase Class K shares of the Underlying Portfolios, which are not subject to distribution or service (Rule 12b-1) fees.
C000104156 Holdings
Top 10 holdings of Target 2025 Allocation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| EQ/Equity 500 Index Portfolio | 26.84% |
| EQ/Core Bond Index Portfolio | 12.87% |
| EQ/International Equity Index Portfolio | 11.02% |
| EQ/Quality Bond PLUS Portfolio | 6.84% |
| 1290 VT High Yield Bond Portfolio | 6.35% |
| EQ/Small Company Index Portfolio | 6.30% |
| EQ/MFS International Growth Portfolio | 5.91% |
| EQ/Global Bond PLUS Portfolio | 5.57% |
| EQ/Emerging Markets Equity PLUS Portfolio | 4.89% |
| EQ/PIMCO Ultra Short Bond Portfolio | 4.41% |
C000104156 Portfolio Allocation
Asset-class allocation of Target 2025 Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 99.9% |
C000104156 Performance
Total returns for C000104156 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.6% |
| 3 years (annualised) | 2.7% |
C000104156 Risk Information
Risk metrics for C000104156, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.1%
C000104156 Costs and Fees
C000104156 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.86%
- Portfolio turnover: 15%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000104156 Cashflows
Over the 12 months to 2023-09, Target 2025 Allocation Portfolio had net inflows of $2.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | −$518.44K |
| 2023-08 | −$1.11M |
| 2023-07 | −$1.51M |
| 2023-06 | −$992.73K |
| 2023-05 | −$160.06K |
| 2023-04 | −$832.65K |
C000104156 Debt Constituents
No individual debt constituents are reported in Target 2025 Allocation Portfolio's latest SEC N-PORT filing.
C000104156 Prospectus and SEC Filings
Official Target 2025 Allocation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-26
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-27
- Portfolio holdings (N-PORT) — filed 2023-11-27
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-10
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.