AST T. Rowe Price Growth Opportunities Portfolio

C000135561 Fund Overview

AST T. Rowe Price Growth Opportunities Portfolio is a US mutual fund managed by Advanced Series Trust, categorised as United States Large Cap Blend / Core Equity. 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: United States Large Cap Blend / Core Equity
• Assets under management: $2.28B
• 1-year return: 13.5%
• SEC CIK: 0000814679
• SEC series ID: S000043713
• Share class ID: C000135561

C000135561 Investment Objective and Strategy

AST T. Rowe Price Growth Opportunities 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 capital appreciation consistent with its specified level of risk tolerance.

Principal investment strategy

The Portfolio utilizes a variety of diversifying asset classes and investment styles. Under normal circumstances, the Portfolio will maintain a strategic allocation of approximately 85% of net assets in global equity securities and approximately 15% of net assets in fixed income securities. Depending on market conditions, the global equity exposure may range between 75-95% of net assets, and the fixed income allocation may range between 5-25% of net assets. The subadviser may utilize derivatives to manage the duration of the Portfolio; these positions are not considered part of the Portfolio's fixed income allocation. The Portfolio may invest in a wide range of asset classes, including US and non-US fixed income, high yield bonds, convertible bonds, emerging markets bonds, US and non-US equities, emerging markets equities, and real estate investment trusts (REITs) domiciled in and outside of the US.

The allocation to these asset classes will vary depending on the tactical views of the Portfolios subadviser, J.P. Morgan Investment Management Inc (JPMorgan). The Portfolios allocation to global equity, fixed income, and currency markets may be obtained through (i) the purchase of physical securities (e.g., common stocks or bonds); (ii) the use of derivative instruments including but not limited to options and futures contracts on securities and indices, swaps (including credit derivatives), forwards (deliverable and non-deliverable), and other futures contracts and options to provide exposure to equity and fixed income asset classes (iii) the purchase of underlying exchange-traded funds (ETFs), including ETFs sponsored by J.P. Morgan. The Portfolios strategic asset allocation is designed to account for the liquidity needs of the Portfolio throughout market cycles.

The liquidity profile of the Portfolio may cause temporary deviations from the strategic asset allocation due to redemptions in the Portfolio or other circumstances relevant to the Portfolios overall investment process. The Portfolio may invest, without limitation, its assets in the AST J.P. Morgan Fixed Income Central Portfolio (the J.P. Morgan Central Portfolio). The J.P. Morgan Central Portfolio is a special type of investment vehicle for sole use by certain asset allocation portfolios, including the Portfolio. The J.P. Morgan Central Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in intermediate and long-term debt obligations and high-quality money market instruments. Rather than buy intermediate and long-term debt obligations and high-quality money market instruments directly, the Portfolio may invest in the J.P.

Morgan Central Portfolio.

C000135561 Holdings

Top 10 holdings of AST T. Rowe Price Growth Opportunities Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000135561 holdings

C000135561 Portfolio Allocation

Asset-class allocation of AST T. Rowe Price Growth Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000135561 Performance

Total returns for C000135561 (as of 2026-10-01), from SEC filings.

C000135561 Risk Information

Risk metrics for C000135561, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.7%

C000135561 Costs and Fees

C000135561 costs about $96 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.96%
• Gross expense ratio: 1.11%
• Portfolio turnover: 72%
• Brokerage commissions: 4.27 bps of average net assets (SEC N-CEN)

C000135561 Cashflows

Over the 12 months to 2026-06, AST T. Rowe Price Growth Opportunities Portfolio had net outflows of $490.65M, from monthly SEC N-PORT filings.

C000135561 Debt Constituents

Largest debt holdings of AST T. Rowe Price Growth Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000135561 Prospectus and SEC Filings

Official AST T. Rowe Price Growth Opportunities 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 2024-04-18
• 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 United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.