PSF PGIM Ballast Portfolio

C000261148 Fund Overview

PSF PGIM Ballast Portfolio is a US mutual fund managed by Prudential Series Fund, categorised as Alternative. 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: Alternative
• Assets under management: $6.70M
• 1-year return: 15.0%
• SEC CIK: 0000711175
• SEC series ID: S000093078
• Share class ID: C000261148

C000261148 Investment Objective and Strategy

PSF PGIM Ballast 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 to seek long term capital growth with reduced volatility compared to equity market.

Principal investment strategy

The Portfolio seeks to participate in the upside returns of the stock market while limiting volatility and downside losses. The Portfolio seeks to limit volatility primarily through the use of options strategies designed to buffer downside risk, reduce the impact of equity market drawdowns, and smooth return patterns across market cycles. In seeking to achieve the Portfolios investment objective, the Portfolio seeks to reduce volatility over the course of a full market cycle as compared to the equity market, which the Portfolio defines as the S&P 500 Index. The Portfolios strategy is designed to provide participation in the equity markets during periods in which the market is rising while limiting losses in periods of market downturn. The Portfolio will generally seek to gain exposure to the stock market through listed options on the S&P 500 Index (SPX) or SPDR S&P 500 ETF (SPY), and through S&P 500 Index futures contracts, while simultaneously holding investments in U.S.

Treasuries, U.S. Treasury futures contracts, and cash and cash equivalents to provide fixed income exposure. The Portfolio will invest in nonstandard SPX or SPY options that allow the subadviser to select terms including expiration date, option type (put or call), exercise style (American or European), strike price, premium, trading hours and exercise settlement (A.M. or P.M.-settled), among others. The Portfolio may also invest in other ETFs or mutual funds to gain exposure to equity or fixed income securities. In selecting mutual funds and ETFs, the Portfolio considers factors such as the Portfolio's investment strategy, cost, liquidity, performance history, and how well the mutual fund or ETF complements the Portfolio's overall allocation. There are no limits on the amount of assets the Portfolio can invest in equity or fixed income investments, or investments that provide exposure to the same, however, under normal market conditions the subadviser expects to invest up to 35% of the Portfolios total assets in investments that provide exposure to the equities markets and up to 90% of the Portfolios total assets in fixed income investments and investments that provide exposure to fixed income.

The Portfolio seeks to capture 60% of the performance of the S&P 500 on average in appreciating equity markets and to capture 30% of the performance of the S&P 500 on average in declining equity markets over a market cycle. Market cycle is defined as a period approximately from an equity market peak to bottom and back to peak again that typically aligns with the business cycle. The Portfolio seeks to meet these objectives through strategic portfolio design as well as active portfolio management. The Portfolio holds long dated S&P 500 FLEX options that provide upside participation in rising equity markets and a floor on downside participation in declining equity markets (e.g., the option premium). The call options are complemented in the portfolio with exposure to U.S. Treasuries and Treasury futures which provide diversification to the equity exposure.

The subadviser actively monitors and periodically rebalances both the equity and fixed income exposures in response to changing market conditions with the goal of capturing upside gains and limiting downside losses. When determining the allocation and when to rebalance, the subadviser takes into account, among other factors: interest rates, the portfolios equity exposure, the percentage of the portfolio invested in options, the current level of the S&P 500 Index, the volatility of S&P 500 Index options, bond and dividend yields, the delta of the portfolios options positions (which is a measure of the sensitivity of the portfolios option prices to changes in price of the S&P 500 Index), and time to maturity of the options. The subadviser also considers internal research generated by its asset allocation team when evaluating the relative attractiveness of equity versus fixed income exposure.

In selecting investments for the Portfolio, the subadviser will evaluate overall investment opportunities and risks among the types of investments the Portfolio may hold. The Portfolio may invest in other derivative instruments, including futures, forwards, options, swaps, and options on swaps, to try to enhance return or to try to reduce (hedge) investment risks. The Portfolio engages in active tradingthat is, frequent trading of its securitiesin order to take advantage of new investment opportunities. The Portfolio expects to be more heavily involved in active trading during periods of market volatility seeking to preserve gains or limit losses. The Portfolio is non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), which means that it can invest a greater percentage of its assets in fewer issuers than a diversified fund.

C000261148 Holdings

Top 10 holdings of PSF PGIM Ballast Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000261148 holdings

C000261148 Portfolio Allocation

Asset-class allocation of PSF PGIM Ballast Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000261148 Performance

Total returns for C000261148 (as of 2026-10-01), from SEC filings.

C000261148 Risk Information

Risk metrics for C000261148, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.1%

C000261148 Costs and Fees

C000261148 costs about $70 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.70%
• Gross expense ratio: 5.59%
• Portfolio turnover: 0%
• Brokerage commissions: 0.29 bps of average net assets (SEC N-CEN)

C000261148 Cashflows

Over the 12 months to 2026-06, PSF PGIM Ballast Portfolio had net inflows of $756.57K, from monthly SEC N-PORT filings.

C000261148 Debt Constituents

Largest debt holdings of PSF PGIM Ballast Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000261148 Prospectus and SEC Filings

Official PSF PGIM Ballast Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-16
• Prospectus (485BPOS) — filed 2025-06-11
• 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

Related Funds

Other Alternative funds tracked on ABC INVEST:

• iShares 0-3 Month Treasury Bond ETF (SGOV)
• Vanguard Short-Term Inflation-Protected Securities Index Fund (VTAPX)
• SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)
• Vanguard Inflation-Protected Securities Fund (VIPSX)
• iShares 0-1 Year Treasury Bond ETF (SHV)

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.