AST Legg Mason Diversified Growth Portfolio
Data updated: 2023-03-16
C000140446 — AST Legg Mason Diversified Growth Portfolio. Money Market · $326.05M AUM · 1.03% expense ratio. Holdings, fees, performance and SEC filings.
C000140446 Fund Overview
AST Legg Mason Diversified 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: $326.05M
- 1-year return: -19.7%
- SEC CIK: 0000814679
- SEC series ID: S000045123
- Share class ID: C000140446
C000140446 Investment Objective and Strategy
AST Legg Mason Diversified 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 high risk-adjusted returns compared to its blended index.
Principal investment strategy
The Portfolio seeks to meet its investment goals by allocating its assets among a number of different investment strategies implemented by multiple affiliated subadvisers. QS Investors, LLC (QS Investors), one of the Portfolios subadvisers, is responsible for allocating the Portfolios assets among the strategies and the subadvisers as well as for implementing the Portfolios liquidity strategy described below. The Portfolio utilizes a multi-manager approach, whereby each subadviser provides day-to-day management of the portion of the Portfolio allocated to it. Each subadviser uses different investment strategies in managing Portfolio assets, acts independently from the others and uses its own methodologies for selecting investments. With the exception of QS Investors, no more than 30% of the Portfolios assets will be allocated by QS Investors to any single subadviser.
QS Investors also may invest the Portfolios assets in pooled investment vehicles in order to gain exposure to particular asset classes. Over time the Portfolios assets may be allocated to the following subadvisers to be managed in the strategies listed below: Subadviser Strategy QS Investors QS Investors International Equity Income Strategy QS Investors US Large Cap Equity Income Strategy QS Investors US Small Cap Equity Income Strategy QS Investors Emerging Markets Equity Income Strategy Brandywine Global Investment Management, LLC (Brandywine Global) Brandywine Dynamic Large Cap Value Strategy Brandywine Global Opportunities Bond Strategy ClearBridge Investments, LLC (ClearBridge) ClearBridge Aggressive Growth Strategy ClearBridge Small Cap Value Strategy ClearBridge International Value Equity Strategy Western Asset Management Company/Western Asset Management Company Limited (Western Asset) Western Asset Core Plus Bond Strategy Western Asset High Yield Bond Strategy The Portfolio allocates, under normal circumstances, approximately 85% of its net assets to equity strategies and 15% of its net assets to fixed income strategies.
This mix may vary over shorter time periods under normal circumstances; the equity portion may range between 80- 90% of the Portfolios total assets and the fixed income portion between 10-20% of the Portfolios total assets. The Portfolios equity investments include common stock investments in larger, more established companies as well as in small and medium-sized companies in both developed and emerging economies. Up to 40% of the equity portion of the Portfolio may be allocated to investment strategies that are invested primarily in foreign (non-US dollar denominated) equity securities. The fixed income portion of the Portfolio may be allocated among investment grade securities; high yield or junk bonds; foreign (non-US dollar denominated) high quality debt securities and emerging market debt securities; and cash reserves.
Cash reserves may consist of investments denominated in US-dollar and non US-dollar currencies. The subadvisers seek exposure to the relevant asset classes by investing the Portfolios assets in varying combinations of: (i) securities, including, without limitation, common stocks, preferred stocks, and bonds; (ii) other pooled investment vehicles, including, without limitation, open-end or closed-end investment companies and exchange-traded funds (ETFs); and (iii) certain structured notes and financial and derivative instruments, including swap agreements. Derivative instruments of the Portfolio and underlying funds and ETFs may include futures, foreign currency contracts, options, and swaps, such as total return swaps, credit default swaps and interest rate swaps. The Portfolios equity portion also includes an allocation to a liquidity strategy to provide liquid exposure to applicable equity benchmark indices.
QS Investors typically allocates approximately 10% of the Portfolios total net assets to the liquidity strategy. The liquidity strategys investments may include (i) derivative instruments including, but not limited to, mortgage TBAs (mortgage TBAs are to-be-announced mortgage derivatives), swaps, forwards, index futures, other futures contracts and options thereon to provide liquid exposure to the applicable equity benchmark indices; and (ii) cash, money market equivalents, short-term debt instruments, money market funds, and short-term debt funds in order to satisfy all applicable margin requirements for futures contracts and other liquidity strategy investments 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 may temporarily deviate from the 10% allocation due to redemptions in the Portfolio or other circumstances relevant to the Portfolios overall investment process.
C000140446 Performance
Total returns for C000140446 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -19.7% |
| 3 years (annualised) | 1.0% |
C000140446 Risk Information
Risk metrics for C000140446, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.6%
C000140446 Costs and Fees
C000140446 costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 1.16%
- Portfolio turnover: 110%
- Brokerage commissions: 3.55 bps of average net assets (SEC N-CEN)
C000140446 Cashflows
Over the 12 months to 2022-12, AST Legg Mason Diversified Growth Portfolio had net inflows of $687.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $57.23M |
| 2022-11 | $72.79M |
| 2022-10 | $122.27M |
| 2022-09 | $172.81M |
| 2022-08 | $51.41M |
| 2022-07 | $35.93M |
C000140446 Debt Constituents
No individual debt constituents are reported in AST Legg Mason Diversified Growth Portfolio's latest SEC N-PORT filing.
C000140446 Prospectus and SEC Filings
Official AST Legg Mason Diversified Growth Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-14
- Prospectus (485BPOS) — filed 2021-04-15
- Prospectus (485BPOS) — filed 2020-05-15
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-25
- Portfolio holdings (N-PORT) — filed 2022-08-19
- Annual census (N-CEN) — filed 2023-03-16
- Annual census (N-CEN) — filed 2022-03-14
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.