AST BlackRock Corporate Bond Portfolio

C000213019 Fund Overview

AST BlackRock Corporate Bond Portfolio is a US mutual fund managed by Advanced Series Trust, categorised as Corporate Bond. 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: Corporate Bond
• Assets under management: $9.51M
• 1-year return: -1.4%
• SEC CIK: 0000814679
• SEC series ID: S000065959
• Share class ID: C000213019

C000213019 Investment Objective and Strategy

AST BlackRock Corporate Bond Portfolio 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 maximize total return, consistent with preservation of capital. Total return is comprised of current income and capital preservation.

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 corporate bonds. The Portfolio seeks to achieve its investment objective by investing in a diversified portfolio of high-quality bonds and other securities and instruments. To that end, the Portfolios investments may include: (i) investment-grade debt obligations of US and foreign corporate issuers; (ii) privately-issued, mortgage-related and asset-backed securities; (iii) certain debt obligations issued or guaranteed by the US Government and government-related entities, including mortgage-related securities; (iv) US Government securities; and (v) derivatives and synthetic instruments that have economic characteristics that are similar to these types of securities and obligations.

At times, the Portfolio may be concentrated in certain sectors. For purposes of the 80% policy, corporate bonds include: (i) all debt securities and all fixed income securities, excluding preferred stock, issued by corporate issuers, and (ii) all derivatives and synthetic instruments that have economic characteristics that are similar to such debt securities and such fixed income securities. Although the Portfolio may invest in instruments of any duration or maturity, the Portfolio normally seeks to maintain a weighted average portfolio duration within +/- one year of its secondary benchmark index, with a duration of approximately 6.7 years as of December 31, 2020. Duration is a measurement of a bonds interest rate risk that considers a bonds maturity, yield, coupon and call features. These many factors are calculated into one number that measures how sensitive a bonds value may be to interest rate changes.

The Portfolio may invest up to 10% of net assets in instruments that are rated below investment grade or, if unrated, are considered by the Portfolios subadviser to be of comparable quality to instruments rated below investment grade (commonly called high yield or junk bonds). The Portfolio may invest up to 15% of total assets in instruments in the financial services group of industries. The Portfolio may invest up to 30% of total assets in US currency-denominated and foreign currency-denominated fixed income instruments issued by foreign issuers, including those issued by issuers in emerging markets.

C000213019 Performance

Total returns for C000213019 (as of 2026-10-01), from SEC filings.

C000213019 Risk Information

Risk metrics for C000213019, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.2%

C000213019 Costs and Fees

C000213019 costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 2.90%
• Portfolio turnover: 172%
• Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)

C000213019 Cashflows

Over the 12 months to 2021-12, AST BlackRock Corporate Bond Portfolio had net inflows of $652.11K, from monthly SEC N-PORT filings.

C000213019 Debt Constituents

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

C000213019 Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2021-04-15
• Prospectus (485BPOS) — filed 2020-05-15
• Prospectus (485BPOS) — filed 2019-08-07
• Portfolio holdings (N-PORT) — filed 2022-02-22
• Portfolio holdings (N-PORT) — filed 2021-11-24
• Portfolio holdings (N-PORT) — filed 2021-08-19
• Annual census (N-CEN) — filed 2022-03-14
• Annual census (N-CEN) — filed 2021-03-12

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

• First Trust Preferred Securities and Income ETF (FPE)
• Nuveen Preferred Securities and Income Fund (NPSAX)
• Spectrum Preferred and Capital Securities Income Fund (PNARX)
• Invesco Variable Rate Preferred ETF (VRP)
• First Trust Institutional Preferred Securities and Income ETF (FPEI)

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.