AST T. Rowe Price Diversified Real Growth Portfolio

Data updated: 2023-03-16

C000140440 — AST T. Rowe Price Diversified Real Growth Portfolio. Money Market · $123.95M AUM. Holdings, fees, performance and SEC filings.

C000140440 Fund Overview

AST T. Rowe Price Diversified Real Growth 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: $123.95M
1-year return: -16.2%
SEC CIK: 0000814679
SEC series ID: S000045117
Share class ID: C000140440

C000140440 Investment Objective and Strategy

AST T. Rowe Price Diversified Real Growth 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 long-term capital appreciation

Principal investment strategy

The Portfolio invests primarily in a diversified portfolio of equity and fixed income securities. In pursuing its investment objective, the Portfolio invests, under normal circumstances, approximately 75% of its total assets in equity securities and 25% in fixed income securities. This mix may vary over shorter time periods; under normal circumstances, the equity portion may range between 60-90% and the fixed income portion may range between 10-40%. The Portfolio invests primarily in common stock of larger, more established companies, which are defined as companies with a market capitalization above $3 billion. The Portfolio may also invest in securities of smaller-sized companies. Larger, more established companies are defined as companies with a market capitalization above $3 billion, whereas small and medium-sized companies are defined as having a maximum market capitalization of $3 billion.

Up to 40% of the total Portfolio may be invested in non-US dollar denominated equity securities. Up to 20% of the total Portfolio may be allocated to a real assets equity segment. The real assets equity segment invests in stocks of companies that derive a significant portion of their income from real assets. Real assets are characterized by the fact that they are tangible, such as commodities. The fixed income portion of the Portfolio is allocated among investment grade securities (50-100% of the bond portion). The Portfolio may also invest up to 50% of the fixed income portion in a combination of high yield or junk bonds, non-US dollar denominated bonds and/or emerging market debt securities. A portion of the fixed income holdings may also include TIPS, or Treasury Inflation-Protected Securities, TBAs (to be announced) and various investment companies in accordance with regulatory limits.

The Portfolio may invest up to 10% of the total portfolio in cash reserves. Cash reserves may consist of US-dollar and non US-dollar denominated securities and money market vehicles. The Portfolios maximum combined exposure to non-US dollar denominated equity and fixed income securities is 50% of the Portfolios net assets. The Portfolio may also invest in derivative instruments for both investment and hedging purposes. The Portfolios use of options often involves writing (i.e., selling) index call options on a US large-cap stock index in an effort to enhance risk-adjusted returns, although the portfolio may buy or sell options for other purposes. This index option overlay strategy is generally designed to provide less overall risk than a pure equity portfolio. As part of the Portfolios index option overlay strategy, the Portfolio writes short-term S&P 500 Index call options in an effort to lower direct equity exposure and enhance risk adjusted returns, and the Portfolio may manage this equity exposure through the use of equity index futures.

In pursuing its investment objective, the Portfolio has the discretion to deviate from its normal investment criteria, as previously described, and purchase securities that the Portfolio believes will provide an opportunity for substantial appreciation. These situations might arise when the Portfolio believes a security could increase in value for a variety of reasons, including an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management.

C000140440 Performance

Total returns for C000140440 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-16.2%
3 years (annualised)	3.0%

C000140440 Risk Information

Risk metrics for C000140440, derived from monthly returns in SEC filings.

1-year volatility (annualised): 17.2%

C000140440 Costs and Fees

C000140440 costs about $105 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.05%
Gross expense ratio: 1.31%
Portfolio turnover: 60%
Brokerage commissions: 0.88 bps of average net assets (SEC N-CEN)

C000140440 Cashflows

Over the 12 months to 2022-12, AST T. Rowe Price Diversified Real Growth Portfolio had net inflows of $24.45M, from monthly SEC N-PORT filings.

Month	Net flow
2022-12	$1.82M
2022-11	$2.45M
2022-10	$2.59M
2022-09	$2.18M
2022-08	$1.22M
2022-07	$858.74K

C000140440 Debt Constituents

No individual debt constituents are reported in AST T. Rowe Price Diversified Real Growth Portfolio's latest SEC N-PORT filing.

C000140440 Prospectus and SEC Filings

Official AST T. Rowe Price Diversified Real Growth 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.