AST Neuberger Berman Long/Short Portfolio

Data updated: 2020-08-24

C000158036 — AST Neuberger Berman Long/Short Portfolio. Global (incl. US) Equity · $34.35M AUM. Holdings, fees, performance and SEC filings.

C000158036 Fund Overview

AST Neuberger Berman Long/Short Portfolio is a US mutual fund managed by Advanced Series Trust, categorised as Global (incl. US) 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: Global (incl. US) Equity
Assets under management: $34.35M
1-year return: 6.3%
SEC CIK: 0000814679
SEC series ID: S000050070
Share class ID: C000158036

C000158036 Investment Objective and Strategy

AST Neuberger Berman Long/Short Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advanced Series Trust.

Investment objective

The primary investment objective of the Portfolio is to seek long term capital appreciation

Principal investment strategy

The Portfolio seeks to achieve its investment objectives primarily by taking long and short positions in the global securities markets. Under normal market conditions, the Portfolio uses long or short positions in common and preferred equity securities, exchange-traded funds (ETFs) and fixed income securities. The Portfolio also uses derivatives, including long and short positions from futures contracts on securities and indices, swaps, including total return and credit default swaps, on individual securities and indices, foreign currency forward contracts and call and put options on individual securities and indices. Short positions involve selling a security the Portfolio does not own or buying a derivative on a security in anticipation that the securitys price will decline. The Portfolio may invest in securities of, and derivative contracts on, US and non-US companies.

Futures, swaps, forwards or options may be used in an attempt to increase returns and/or reduce risks. The equity securities in which the Portfolio invests are generally those of companies with market capitalizations of at least $250 million, measured at the time the Portfolio first invests in them. The Portfolio may continue to hold or add to a position in a stock after the companys market value has fallen below $250 million. The Portfolios typical investment exposure ranges from net long exposure of 150% of net asset value (NAV) to net short exposure of 20% of NAV. With respect to any portion of the Portfolios assets invested in long equity positions, the subadviser generally invests in companies which it believes are undervalued and possess one or more of the following characteristics: (i) companies with strong competitive positions in industries with attractive growth prospects; (ii) companies with the ability to generate sustainable cash flows which are growing at a modest rate over the long-term; (iii) companies whose market price is below the subadvisers estimate of the companys intrinsic value; and (iv) companies with the potential for a catalyst, such as a merger, liquidation, spin off, or management change.

The subadvisers estimate of a companys intrinsic value represents its view of the companys true, long-term economic value (the value of both its tangible and intangible assets), which may be currently distorted by market inefficiencies. In establishing long equity positions, the Portfolio may utilize stock index futures and total return swaps and options on individual securities and indices. With respect to any portion of the Portfolios assets invested in short equity or fixed income positions, the subadviser employs short positions in an attempt to increase returns and/or to reduce risk. The subadvisers use of short positions to increase returns and/or reduce certain risks may include, among others: (i) short sales of ETFs representing macro-economically challenged markets, industries or geographies; (ii) short sales of equity or fixed income securities of companies that the subadviser expects to decline in price, lose economic value or generally underperform; or (iii) short positions designed to offset cyclical, currency, or country-specific risks.

The Portfolio may employ derivatives in establishing short positions, including, but not limited to, short positions in stock and fixed income index futures, total return and/or credit default swaps establishing short positions on individual securities and indices, and options on individual securities and indices.

C000158036 Performance

Total returns for C000158036 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	6.3%

C000158036 Risk Information

Risk metrics for C000158036, derived from monthly returns in SEC filings.

1-year volatility (annualised): 8.7%

C000158036 Costs and Fees

C000158036 costs about $187 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.87%
Gross expense ratio: 2.18%
Portfolio turnover: 83%
Brokerage commissions: 9.91 bps of average net assets (SEC N-CEN)

C000158036 Cashflows

Over the 12 months to 2020-06, AST Neuberger Berman Long/Short Portfolio had net inflows of $5.40M, from monthly SEC N-PORT filings.

Month	Net flow
2020-06	$128.78K
2020-05	$76.24K
2020-04	$3.32M
2020-03	$361.20K
2020-02	$421.32K
2020-01	$193.34K

C000158036 Debt Constituents

No individual debt constituents are reported in AST Neuberger Berman Long/Short Portfolio's latest SEC N-PORT filing.

C000158036 Prospectus and SEC Filings

Official AST Neuberger Berman Long/Short Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Global (incl. US) Equity 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.