AST BlackRock 60/40 Target Allocation ETF Portfolio
Data updated: 2023-03-16
C000206973 — AST BlackRock 60/40 Target Allocation ETF Portfolio. Money Market · $108.45M AUM. Holdings, fees, performance and SEC filings.
C000206973 Fund Overview
AST BlackRock 60/40 Target Allocation ETF Portfolio is a US ETF 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 ETF
- Manager: Advanced Series Trust
- Category: Money Market
- Assets under management: $108.45M
- 1-year return: -15.5%
- SEC CIK: 0000814679
- SEC series ID: S000063946
- Share class ID: C000206973
C000206973 Investment Objective and Strategy
AST BlackRock 60/40 Target Allocation ETF 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 is a fund of funds. Under normal circumstances, the Portfolio invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in one or more underlying exchange-traded funds (ETFs). In pursuing its investment objective, the Portfolio normally obtains exposure to equity securities (and certain other instruments described below) in an amount equal to 60% of its assets and exposure to fixed income securities in an amount equal to 40% of its assets. Under normal circumstances, the Portfolio invests primarily in ETFs managed by the subadviser or an affiliate of the subadviser in different combinations and weightings. The risks discussed in this prospectus may also be applicable to the ETFs in which the Portfolio invests. In general, the Portfolio invests in three different kinds of underlying funds: those that invest primarily in equity securities or certain other instruments described below (referred to as equity funds), those that invest primarily in fixed income securities (referred to as fixed income funds), and those that invest in a mix of securities and other instruments in which equity funds and fixed income funds invest (referred to as multi-asset funds).
Equity funds may include funds that invest in, among other things, domestic and international equities (including emerging market equities), real estate-related securities or instruments and commodity-related securities or instruments. Fixed income funds may include funds that invest in, among other things, domestic and non-US bonds, US Government securities, mortgage-backed securities, high yield (or junk) bonds, and cash or money market instruments. Multi-asset funds may include funds that invest in any of the securities or instruments in which equity funds or fixed income funds may invest. Investments by the underlying funds may include investment grade and non-investment grade securities backed by mortgages or other assets and would be subject to the limitations of the underlying funds.
Variations in the target asset allocation between equity and fixed income securities, through investments in underlying funds, are permitted up to 5%. Therefore, based on a target equity/fixed income allocation of 60%/40%, the Portfolio may have an equity/fixed income allocation that ranges from 65%/35% to 55%/45%. The subadviser may also invest the Portfolios assets 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.
C000206973 Performance
Total returns for C000206973 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -15.5% |
| 3 years (annualised) | 3.0% |
C000206973 Risk Information
Risk metrics for C000206973, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.0%
C000206973 Costs and Fees
C000206973 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 1.00%
- Portfolio turnover: 66%
- Brokerage commissions: 4.89 bps of average net assets (SEC N-CEN)
C000206973 Cashflows
Over the 12 months to 2022-12, AST BlackRock 60/40 Target Allocation ETF Portfolio had net inflows of $351.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $31.71M |
| 2022-11 | $32.97M |
| 2022-10 | $47.36M |
| 2022-09 | $83.37M |
| 2022-08 | $34.48M |
| 2022-07 | $18.30M |
C000206973 Debt Constituents
No individual debt constituents are reported in AST BlackRock 60/40 Target Allocation ETF Portfolio's latest SEC N-PORT filing.
C000206973 Prospectus and SEC Filings
Official AST BlackRock 60/40 Target Allocation ETF 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.