AST FQ Absolute Return Currency Portfolio
Data updated: 2020-08-24
C000140441 — AST FQ Absolute Return Currency Portfolio. Money Market · $8.70M AUM · 1.25% expense ratio. Holdings, fees, performance and SEC filings.
C000140441 Fund Overview
AST FQ Absolute Return Currency 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: $8.70M
- 1-year return: 19.6%
- SEC CIK: 0000814679
- SEC series ID: S000045118
- Share class ID: C000140441
C000140441 Investment Objective and Strategy
AST FQ Absolute Return Currency 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 absolute returns not highly correlated with any traditional asset class.
Principal investment strategy
The Portfolio seeks to achieve its investment objective by implementing a tactical currency allocation strategy that seeks to maximize returns by making diversified investments in global currency-related investments in order to take advantage of market anomalies. The multi-strategy nature of the tactical currency allocation strategy allows the Portfolios subadviser to take advantage of price inefficiencies and investor irrationality that often result from market volatility. In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in currency-related investments. The Portfolio invests primarily in currency-related investments of developed countries. The Portfolio may also invest in emerging market currency-related investments considered to be liquid.
Currency-related investments may include all currency purchased on the spot market, forwards, swaps, futures, and options as well as US and foreign government and agency bills, notes and securities. The Portfolio seeks to generate total returns with low correlation to other asset classes. The Portfolio may also invest in derivative instruments as a means of hedging risk and/or for investment purposes, which may include altering the Portfolios exposure to interest rates, sectors and individual issuers. These derivative instruments may include futures, forward foreign currency contracts, options, and swaps, such as total return swaps, credit default swaps and interest rate swaps. The Portfolio may also invest in high quality (being rated BBB or above or equivalent by a recognized rating agency) short-term money market instruments such as bank deposits, fixed or floating rate instruments (including but not limited to commercial paper), floating rate notes, certificates of deposit, debentures, asset backed securities and government or corporate bonds, cash and cash equivalents (including but not limited to treasury bills).
C000140441 Performance
Total returns for C000140441 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 19.6% |
C000140441 Risk Information
Risk metrics for C000140441, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.9%
C000140441 Costs and Fees
C000140441 costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 2.34%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000140441 Cashflows
Over the 12 months to 2020-06, AST FQ Absolute Return Currency Portfolio had net inflows of $4.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $61.43K |
| 2020-05 | $76.68K |
| 2020-04 | $2.76M |
| 2020-03 | $821.49K |
| 2020-02 | $69.62K |
| 2020-01 | $89.57K |
C000140441 Debt Constituents
No individual debt constituents are reported in AST FQ Absolute Return Currency Portfolio's latest SEC N-PORT filing.
C000140441 Prospectus and SEC Filings
Official AST FQ Absolute Return Currency Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-15
- Prospectus (485BPOS) — filed 2019-05-17
- Prospectus (485BPOS) — filed 2018-05-09
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Annual census (N-CEN) — filed 2020-03-12
- Annual census (N-CEN) — filed 2019-03-15
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.