AST American Funds Growth Allocation Portfolio
Data updated: 2023-03-16
C000199774 — AST American Funds Growth Allocation Portfolio. Money Market · $491.45M AUM · 0.92% expense ratio. Holdings, fees, performance and SEC filings.
C000199774 Fund Overview
AST American Funds Growth Allocation 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: $491.45M
- 1-year return: -19.1%
- SEC CIK: 0000814679
- SEC series ID: S000061662
- Share class ID: C000199774
C000199774 Investment Objective and Strategy
AST American Funds Growth Allocation 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 to achieve long-term growth of capital
Principal investment strategy
The Portfolio is a fund-of-funds. This means that the Portfolio invests substantially all of its assets in one or more mutual funds in accordance with the Portfolios asset allocation strategy, subject to a portion of the Portfolio invested in the liquidity strategy described below. The mutual funds in which the Portfolio may invest are collectively referred to as the Underlying Portfolios and the risks discussed in this Prospectus may also be applicable to the Underlying Portfolios. In pursuing its investment objective, the Portfolio will invest in a mix of Underlying Portfolios managed by an affiliate of the subadviser in different combinations and weightings. Underlying Portfolios will be managed solely in accordance with their respective prospectuses, as may be amended from time to time.
Under normal circumstances, the Underlying Portfolios of the Portfolio in the aggregate will invest 70% of their assets in equity and equity-related securities, and approximately 30% of their assets in fixed income and fixed income-related securities including the liquidity strategy described below. This mix may vary over short time periods; the portion invested in equity and equity-related securities may range between 60 and 80% and the portion invested in fixed income and fixed income-related securities may range between 20 and 40%. With respect to its equity investments, the Portfolio will seek to generate some of its income from investments in Underlying Portfolios that invest in common stock of companies that have the potential to pay dividends in the future. The Portfolio may invest in Underlying Portfolios with exposure to issuers domiciled outside the United States, including those domiciled in emerging markets.
The Portfolio may also invest in Underlying Portfolios with exposure to small-capitalization stocks. With respect to its fixed income investments, the Underlying Portfolios in which the Portfolio invests may hold debt securities with a wide range of quality and maturities. The Portfolio may invest in Underlying Portfolios with significant exposure to lower quality, higher yielding debt securities rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating Organizations designated by the subadviser, or unrated but determined by the subadviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as high yield bonds or junk bonds. Such securities may include securities backed by mortgages or other assets and would be subject to the limitations of the Underlying Portfolios.
The Underlying Portfolios may hold securities issued and guaranteed by the US government and securities issued by federal agencies and instrumentalities. The Underlying Portfolios may also invest in the debt securities of governments, agencies, corporations and other entities domiciled outside the United States. The asset allocation strategy will be determined by the subadviser. The subadviser will seek to create combinations of Underlying Portfolios that complement each other with a goal of achieving the Portfolios investment objective of providing long-term growth of capital while providing current income. The subadviser may make adjustments to Underlying Portfolio holdings by adjusting the percentage of individual Underlying Portfolios within the Portfolio, or by adding or removing Underlying Portfolios.
The subadviser may also determine not to change the Underlying Portfolio allocations, particularly in response to short term market movements. The Portfolio also includes a liquidity strategy that will be implemented once the Portfolio reaches certain asset levels. Once implemented, the subadviser will allocate up to 15% of the Portfolios net assets to the liquidity strategy depending on asset levels. The liquidity strategy is expected to be invested primarily in (i) derivative instruments including, but not limited to, swaps, forwards, index futures, other futures contracts, and options thereon to provide liquid exposure to the applicable equity and fixed income benchmark indices; and (ii) cash, money market equivalents, short-term debt instruments, money market funds, and short-term debt funds to satisfy all applicable margin requirements for the futures contracts and to provide additional portfolio liquidity to satisfy large-scale redemptions.
The liquidity strategy may deviate from the allocation range indicated, including being as low as 0%, due to redemptions in the Portfolio or other circumstances relevant to the Portfolios overall investment process.
C000199774 Performance
Total returns for C000199774 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -19.1% |
| 3 years (annualised) | 4.2% |
C000199774 Risk Information
Risk metrics for C000199774, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.9%
C000199774 Costs and Fees
C000199774 costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 1.24%
- Portfolio turnover: 10%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000199774 Cashflows
Over the 12 months to 2022-12, AST American Funds Growth Allocation Portfolio had net inflows of $2.42B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $190.10M |
| 2022-11 | $216.01M |
| 2022-10 | $340.74M |
| 2022-09 | $489.73M |
| 2022-08 | $248.56M |
| 2022-07 | $123.93M |
C000199774 Debt Constituents
No individual debt constituents are reported in AST American Funds Growth Allocation Portfolio's latest SEC N-PORT filing.
C000199774 Prospectus and SEC Filings
Official AST American Funds Growth Allocation 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.