AST Wellington Management Hedged Equity Portfolio
Data updated: 2023-03-16
C000018398 — AST Wellington Management Hedged Equity Portfolio. Money Market · $1.54B AUM · 1.02% expense ratio. Holdings, fees, performance and SEC filings.
C000018398 Fund Overview
AST Wellington Management Hedged Equity Portfolio is a US mutual fund managed by Advanced Series Trust, categorised as Money Market. 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: Money Market
- Assets under management: $1.54B
- 1-year return: -7.7%
- SEC CIK: 0000814679
- SEC series ID: S000006790
- Share class ID: C000018398
C000018398 Investment Objective and Strategy
AST Wellington Management Hedged Equity 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 seek to outperform a mix of 50% Russell 3000 Index, 20% MSCI Europe, Australasia and the Far East (EAFE) Index, and 30% Bank of America Merrill Lynch Three-Month US Treasury Bill Index over a full market cycle by preserving capital in adverse markets utilizing an options strategy while maintaining equity exposure to benefit from up markets through investments in the Portfolio’s subadviser’s equity investment strategies.
Principal investment strategy
Under normal circumstances, the Portfolio seeks to achieve its investment objective by investing in a broadly diversified portfolio of common stocks while also pursuing an equity index option overlay. The equity index option overlay involves the purchase of put options on the S&P 500 Index and the sale of call and put options on the S&P 500 Index. By combining these two strategies in a single fund, the Portfolio seeks to provide investors with an investment that will generate attractive total returns over a full market cycle with significant downside equity market protection. The Portfolio utilizes a select spectrum of the Portfolios subadvisers equity investment strategies. Under normal circumstances, the Portfolio currently expects to be fully invested and will invest at least 80% of its net assets in the common stocks of small, medium and large companies.
The Portfolio may also invest up to 30% of its assets in the equity securities of foreign issuers and non-dollar denominated securities, including companies that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets. In addition, the Portfolio may implement short positions and may do so by using swaps or futures, or through short sales of any instrument that the Portfolio may purchase for investment. The Portfolio allocates approximately 10% of its net assets to a liquidity strategy. The liquidity strategy is invested primarily in (i) derivative instruments including, but not limited to, swaps, forwards, index futures, other futures contracts, and options thereon to provide liquid exposure to the applicable equity and fixed income benchmark indices; and (ii) cash, money market equivalents, short-term debt instruments, money market funds, and short-term debt funds to satisfy all applicable margin requirements for the futures contracts and to provide additional portfolio liquidity to satisfy large-scale redemptions.
The liquidity strategy may also invest in exchange-traded funds for additional exposure to relevant markets. The liquidity strategy may temporarily deviate from the allocation indicated due to redemptions in the Portfolio or other circumstances relevant to the Portfolios overall investment process.
C000018398 Performance
Total returns for C000018398 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.7% |
| 3 years (annualised) | 3.3% |
C000018398 Risk Information
Risk metrics for C000018398, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.2%
C000018398 Costs and Fees
C000018398 costs about $102 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.02%
- Gross expense ratio: 1.09%
- Portfolio turnover: 47%
- Brokerage commissions: 3.66 bps of average net assets (SEC N-CEN)
C000018398 Cashflows
Over the 12 months to 2022-12, AST Wellington Management Hedged Equity Portfolio had net inflows of $864.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $57.11M |
| 2022-11 | $84.37M |
| 2022-10 | $142.79M |
| 2022-09 | $198.21M |
| 2022-08 | $52.62M |
| 2022-07 | $30.81M |
C000018398 Debt Constituents
No individual debt constituents are reported in AST Wellington Management Hedged Equity Portfolio's latest SEC N-PORT filing.
C000018398 Prospectus and SEC Filings
Official AST Wellington Management Hedged Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-14
- Prospectus (485BPOS) — filed 2021-04-15
- Prospectus (485BPOS) — filed 2020-05-15
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-25
- Portfolio holdings (N-PORT) — filed 2022-08-19
- Annual census (N-CEN) — filed 2023-03-16
- Annual census (N-CEN) — filed 2022-03-14
Related Funds
Other Money Market 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.