AB Dynamic Asset Allocation Portfolio
Data updated: 2026-08-26
C000098721 — AB Dynamic Asset Allocation Portfolio. Total Return Allocation · $239.04M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
C000098721 Fund Overview
AB Dynamic Asset Allocation Portfolio is a US mutual fund managed by Ab Variable Products Series Fund, Inc., 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: Ab Variable Products Series Fund, Inc.
- Category: Total Return Allocation
- Assets under management: $239.04M
- 1-year return: 13.4%
- SEC CIK: 0000825316
- SEC series ID: S000031722
- Share class ID: C000098721
C000098721 Investment Objective and Strategy
AB Dynamic Asset Allocation Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Variable Products Series Fund, Inc..
Investment objective
The Portfolios investment objective is to maximize total return consistent with the Advisers determination of reasonable risk.
Principal investment strategy
The Portfolio invests in a globally diversified portfolio of equity and debt securities, including exchange-traded funds, or ETFs, and other financial instruments, and expects to enter into derivatives transactions, such as options, futures contracts, forwards, and swaps to achieve market exposure. The Portfolios neutral weighting, from which it will make its tactical asset allocations, is 60% equity exposure and 40% debt exposure. Within these broad components, the Portfolio may invest in any type of security, including common and preferred stocks, warrants and convertible securities, government and corporate fixed-income securities, commodities, currencies, real estate-related securities and inflation-indexed securities. The Portfolio may invest in U.S., non-U.S. and emerging market issuers.
The Portfolio may invest in securities of companies across the capitalization spectrum, including smaller capitalization companies. The Portfolio expects its investments in fixed-income securities to have a broad range of maturities and quality levels. The Portfolio is expected to be highly diversified across industries, sectors and countries, and will choose its positions from several market indices worldwide in a manner that is intended to track the performance (before fees and expenses) of those indices. The Adviser will continuously monitor the risks presented by the Portfolios asset allocation and may make frequent adjustments to the Portfolios exposures to different asset classes. Using its proprietary Dynamic Asset Allocation techniques, the Adviser employs a discretionary volatility reduction/management strategy intended to reduce overall volatility and limit downside exposure.
The Adviser adjusts the Portfolios exposure to the equity and debt markets, and to segments within those markets, in response to the Advisers assessment of the relative risks and returns of those segments. For example, when the Adviser determines that equity market volatility is particularly low and that, therefore, the equity markets present reasonable return opportunities, the Adviser may increase the Portfolios equity exposure to as much as 80%. Conversely, when the Adviser determines that the risks in the equity markets are disproportionately greater than the potential returns offered, the Adviser may reduce the Portfolios equity exposure significantly below the target percentage or may even decide to eliminate equity exposure altogether by increasing the Portfolios fixed-income exposure to 100%.
This investment strategy is intended to reduce the Portfolios overall investment risk, but may at times result in the Portfolio underperforming the markets. The Portfolio expects to utilize derivatives and to invest in ETFs to a significant extent. Derivatives and ETFs may provide more efficient and economical exposure to market segments than direct investments, and the Portfolios market exposures may at times be achieved almost entirely through the use of derivatives or through the investments in ETFs. Derivatives transactions and ETFs may also be a quicker and more efficient way to alter the Portfolios exposure than buying and selling direct investments. As a result, the Adviser expects to use derivatives as one of the primary tools for adjusting the Portfolios exposure levels from its neutral weighting.
The Adviser also expects to use direct investments and ETFs to adjust the Portfolios exposure levels. In determining when and to what extent to enter into derivatives transactions or to invest in ETFs, the Adviser considers factors such as the relative risks and returns expected of potential investments and the cost of such transactions. The Adviser considers the impact of derivatives and ETFs in making its assessment of the Portfolios risks. Currency exchange rate fluctuations can have a dramatic impact on returns, significantly adding to returns in some years and greatly diminishing them in others. To the extent that the Portfolio invests in non-U.S. Dollar-denominated investments, the Adviser will integrate the risks of foreign currency exposures into its investment and asset allocation decision making.
The Adviser may seek to hedge all or a portion of the currency exposure resulting from the Portfolios investments. The Adviser may also seek investment opportunities through currencies and currency-related derivatives.
C000098721 Holdings
Top 10 holdings of AB Dynamic Asset Allocation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 3.27% |
| Apple Inc | 3.00% |
| United States Treasury | 2.21% |
| Microsoft Corp | 1.86% |
| Amazon.com Inc | 1.63% |
| Alphabet Inc | 1.47% |
| Broadcom Inc | 1.20% |
| United States Treasury | 1.17% |
| Alphabet Inc | 1.16% |
| United States Treasury | 1.02% |
C000098721 Portfolio Allocation
Asset-class allocation of AB Dynamic Asset Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 62.9% |
| Fixed Income | 34.8% |
| Derivatives | 1.0% |
| Cash & Equivalents | 0.7% |
C000098721 Performance
Total returns for C000098721 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.0% |
| 1 year | 13.4% |
| 3 years (annualised) | 11.8% |
| 5 years (annualised) | 5.0% |
C000098721 Risk Information
Risk metrics for C000098721, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.0%
C000098721 Costs and Fees
C000098721 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.95%
- Portfolio turnover: 12%
- Brokerage commissions: 0.59 bps of average net assets (SEC N-CEN)
C000098721 Cashflows
Over the 12 months to 2026-06, AB Dynamic Asset Allocation Portfolio had net outflows of $36.58M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.84M |
| 2026-05 | −$2.42M |
| 2026-04 | −$4.64M |
| 2026-03 | −$3.14M |
| 2026-02 | −$2.04M |
| 2026-01 | −$3.57M |
C000098721 Debt Constituents
Largest debt holdings of AB Dynamic Asset Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.21% |
| United States Treasury | 1.17% |
| United States Treasury | 1.02% |
| United States Treasury | 0.93% |
| United States Treasury | 0.87% |
| United States Treasury | 0.86% |
| United States Treasury | 0.84% |
| United States Treasury | 0.83% |
| United States Treasury | 0.82% |
| United States Treasury | 0.66% |
C000098721 Prospectus and SEC Filings
Official AB Dynamic Asset Allocation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-01
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-14
- Portfolio holdings (N-PORT) — filed 2026-02-13
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-05
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.