AST New Discovery Asset Allocation Portfolio

Data updated: 2023-03-16

C000111787 — AST New Discovery Asset Allocation Portfolio. Money Market · $739.76M AUM · 0.94% expense ratio. Holdings, fees, performance and SEC filings.

C000111787 Fund Overview

AST New Discovery Asset Allocation 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: $739.76M
1-year return: -17.9%
SEC CIK: 0000814679
SEC series ID: S000036492
Share class ID: C000111787

C000111787 Investment Objective and Strategy

AST New Discovery Asset Allocation 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 total return.

Principal investment strategy

The Manager allocates the Portfolios assets to a variety of strategies to provide exposure to a mix of domestic and international equity and fixed income markets. Under normal circumstances, approximately 70% of the Portfolios assets are allocated to equity market exposures and approximately 30% of the Portfolios assets are allocated to fixed income market exposures. The Portfolio is designed to provide access to institutional investment strategies managed by boutique investment firms. The Portfolio normally allocates approximately 90% of its total assets among eight boutique subadvisers, each of which provides a distinct investment strategy. The Manager allocates the assets among these subadvisers. The Portfolio has three strategies that invest primarily in domestic equity securities (large cap core, large cap value and large cap growth), two strategies that invest in primarily in international equities, two strategies that invest primarily in fixed income securities (core and core plus), and one strategy that invests in the Prudential Core Ultra Short Bond Fund (referred to below as the Liquidity Strategy).

In selecting subadvisers for the Portfolio, the Manager focuses on smaller or mid-size subadvisers, but does not apply any quantitative limits on a subadvisers total assets under management or on the subadvisers assets under management within a specific investment strategy. In determining whether to retain a subadviser after the subadvisers assets under management have increased, either generally or within a specific investment strategy, the Manager considers a variety of factors, including transition costs and available options. The Manager may recommend replacement of a subadviser due to an increase in assets under management, but is not required to do so. The Portfolio normally allocates approximately 10% of its total assets to the liquidity strategy. The liquidity strategy is managed by an additional subadviser selected specifically to manage the liquidity strategy.

The liquidity strategy is primarily invested 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 ETFs for additional exposure to relevant markets. The liquidity strategy is designed to provide exposures to the equity and fixed income markets similar to the exposures of the overall Portfolio (70% equity and 30% fixed income under normal circumstances).

The liquidity strategy may temporarily deviate from the allocations indicated due to redemptions in the Portfolio or other circumstances relevant to the Portfolios overall investment process. In connection with a subadviser transition, the Manager may temporarily allocate assets away from the outgoing subadviser, but still maintain market exposure, such as through ETFs and other pooled investment vehicles. The Manager may make such allocations either within or outside of the Portfolios liquidity strategy.

C000111787 Performance

Total returns for C000111787 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-17.9%
3 years (annualised)	1.2%

C000111787 Risk Information

Risk metrics for C000111787, derived from monthly returns in SEC filings.

1-year volatility (annualised): 19.4%

C000111787 Costs and Fees

C000111787 costs about $94 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.94%
Gross expense ratio: 0.94%
Portfolio turnover: 55%
Brokerage commissions: 1.68 bps of average net assets (SEC N-CEN)

C000111787 Cashflows

Over the 12 months to 2022-12, AST New Discovery Asset Allocation Portfolio had net inflows of $871.77M, from monthly SEC N-PORT filings.

Month	Net flow
2022-12	$62.24M
2022-11	$82.89M
2022-10	$145.85M
2022-09	$193.22M
2022-08	$63.47M
2022-07	$44.10M

C000111787 Debt Constituents

No individual debt constituents are reported in AST New Discovery Asset Allocation Portfolio's latest SEC N-PORT filing.

C000111787 Prospectus and SEC Filings

Official AST New Discovery Asset Allocation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.