Flexible Managed Portfolio
Data updated: 2026-08-26
C000226564 — Flexible Managed Portfolio. Total Return Allocation · $5.40B AUM · 0.87% expense ratio. Holdings, fees, performance and SEC filings.
C000226564 Fund Overview
Flexible Managed Portfolio is a US mutual fund managed by Prudential Series Fund, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Series Fund
- Category: Total Return Allocation
- Assets under management: $5.40B
- 1-year return: 14.4%
- SEC CIK: 0000711175
- SEC series ID: S000002225
- Share class ID: C000226564
C000226564 Investment Objective and Strategy
Flexible Managed Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Series Fund.
Investment objective
The investment objective of the Portfolio is total return consistent with an aggressively managed diversified portfolio.
Principal investment strategy
The Portfolio invests in a mix of equity and equity-related securities, debt obligations and money market instruments. Under normal market conditions, the Portfolio typically invests approximately 60% of its assets in equity and equity-related securities (with a range of 25% to 100%) and approximately 40% of its assets in debt obligations and money market instruments (with a range of 0% to 75%). The percentage of Portfolio assets in each category is adjusted depending on the Portfolio's expectations regarding the different markets. The equity portion of the Portfolio is generally managed under an actively managed, disciplined and adaptive strategy. Under this strategy, the portfolio managers utilize quantitative investment models as a tool in seeking to outperform the S&P 500 Index and to limit the possibility of significantly underperforming that index.
The stock portion of the Portfolio is invested in a broadly diversified portfolio of stocks generally consisting of large and mid-size companies, although it may also hold stocks of smaller companies. The Portfolio invests in companies that are expected to provide either attractive returns relative to the Portfolios peers, or that are desirable to hold in the Portfolio to manage risk. Under normal circumstances, at least 80% of the fixed income portion of the Portfolio may be invested in intermediate and long-term debt obligations that are rated investment grade by a major rating service, or, if unrated, considered to be of comparable quality, and high-quality money market instruments. Likewise, 20% of the fixed income portion of the Portfolio may be invested in debt securities rated BB+ or lower by S&P Global Ratings or Ba1 or lower by Moody's Investor Service, Inc.
or comparably rated by another nationally recognized statistical rating organization at the time they are purchased (commonly known as junk bonds). The Portfolio may also invest in instruments that are not rated, but which are deemed to be of comparable quality to the instruments described above. The Portfolio may invest in mortgage-related securities and asset-backed securities, including collateralized debt obligations, collateralized loan obligations and other credit-related asset-backed securities. The fixed income portion of the Portfolio may also include loans and assignments in the form of loan participations, mortgage-related securities and other asset-backed securities. Up to 20% of the fixed income portion of the Portfolio may also be invested in collateralized debt obligations, including collateralized loan obligations, and other credit-related asset backed securities.
The Portfolio may also invest up to 30% of its total assets in foreign equity and debt securities that are not denominated in the US dollar. In addition, up to 20% of the Portfolios total assets may be invested in debt securities that are issued outside of the US by foreign or US issuers provided the securities are denominated in US dollars. For these purposes, we do not consider American Depositary Receipts as foreign securities. The Portfolio may also invest in convertible debt warrants and convertible and non-convertible preferred stock of any rating. The Portfolio will not acquire any common stock except by converting a convertible security or exercising a warrant or through a restructuring. No more than 10% of the Portfolios total assets will be held in common stocks, and those will usually be sold as soon as a favorable opportunity arises.
The Portfolio may lend its portfolio securities to brokers, dealers and other financial institutions to earn income. The stock portion of the Portfolio is invested in a broadly diversified portfolio of stocks generally consisting of large and mid-size companies, although it may also hold stocks of smaller companies. The Portfolio invests in companies that, in the subadvisers judgment, will provide either attractive returns relative to the Portfolios peers, or are desirable to hold in the Portfolio to manage risk. The Portfolio may invest without limitation in debt obligations issued or guaranteed by the US Government and government-related entities. Examples of debt securities that are backed by the full faith and credit of the US Government are Treasury Inflation Protected Securities and obligations of the Government National Mortgage Association.
In addition, the Portfolio may invest in US Government securities issued by other government entities, like the Federal National Mortgage Association and the Student Loan Marketing Association which are not backed by the full faith and credit of the US Government. Instead, these issuers have the right to borrow from the US Treasury to meet their obligations. The Portfolio may also invest in the debt securities of other government-related entities, like the Farm Credit System, which depend entirely upon their own resources to repay their debt. The Portfolio may also enter into short sales against-the-box. No more than 25% of the Portfolios net assets may be used as collateral or segregated for purposes of securing a short sale obligation.
C000226564 Holdings
Top 10 holdings of Flexible Managed Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| (PIPA070) PGIM Core Government Money Market Fund | 4.97% |
| NVIDIA Corp. | 4.68% |
| Apple, Inc. | 4.07% |
| Microsoft Corp. | 2.69% |
| Amazon.com, Inc. | 2.32% |
| Alphabet, Inc. | 2.12% |
| Prudential Investment Portfolios 9 | 2.00% |
| Alphabet, Inc. | 1.71% |
| Broadcom, Inc. | 1.58% |
| Micron Technology, Inc. | 1.25% |
C000226564 Portfolio Allocation
Asset-class allocation of Flexible Managed Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 61.7% |
| Securitized | 17.4% |
| Fixed Income | 16.0% |
| Cash & Equivalents | 7.0% |
C000226564 Performance
Total returns for C000226564 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.2% |
| 1 year | 14.4% |
| 3 years (annualised) | 13.7% |
| 5 years (annualised) | 8.0% |
C000226564 Risk Information
Risk metrics for C000226564, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.3%
C000226564 Costs and Fees
C000226564 costs about $87 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.87%
- Gross expense ratio: 0.87%
- Portfolio turnover: 117%
- Brokerage commissions: 0.48 bps of average net assets (SEC N-CEN)
C000226564 Cashflows
Over the 12 months to 2026-06, Flexible Managed Portfolio had net outflows of $371.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$34.61M |
| 2026-05 | −$32.25M |
| 2026-04 | −$32.64M |
| 2026-03 | −$35.00M |
| 2026-02 | −$27.23M |
| 2026-01 | −$34.78M |
C000226564 Debt Constituents
Largest debt holdings of Flexible Managed Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 0.92% |
| United States Of America - Bureau Of The Public Debt | 0.66% |
| United States Of America - Bureau Of The Public Debt | 0.53% |
| United States Of America - Bureau Of The Public Debt | 0.38% |
| United States Of America - Bureau Of The Public Debt | 0.37% |
| United States Of America - Bureau Of The Public Debt | 0.33% |
| United States Of America - Bureau Of The Public Debt | 0.31% |
| United States Of America - Bureau Of The Public Debt | 0.29% |
| United States Of America - Bureau Of The Public Debt | 0.25% |
| United States Of America - Bureau Of The Public Debt | 0.24% |
C000226564 Prospectus and SEC Filings
Official Flexible Managed Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-17
- Prospectus (485BPOS) — filed 2024-04-19
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Total Return 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.