AST Dimensional Global Core Allocation Portfolio

Data updated: 2021-11-24

C000215089 — AST Dimensional Global Core Allocation Portfolio. Money Market · $10.30M AUM · 0.86% expense ratio. Holdings, fees, performance and SEC filings.

C000215089 Fund Overview

AST Dimensional Global Core 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: $10.30M
1-year return: 28.2%
SEC CIK: 0000814679
SEC series ID: S000066756
Share class ID: C000215089

C000215089 Investment Objective and Strategy

AST Dimensional Global Core 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 capital appreciation.

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, with a portion of the Portfolio also invested pursuant to 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 the 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 the subadviser and/or an affiliate of the subadviser in different combinations and weightings. Under normal circumstances, the Portfolio, either directly or indirectly through its investments in the Underlying Portfolios, intends to invest primarily in US and non-US securities that are tied economically to a number of countries throughout the world.

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 approximately 85% of their assets in equity and equity-related securities, and approximately 15% of their assets in fixed income and fixed income-related securities including the liquidity strategy described below. This mix may vary depending on market conditions; the portion invested in equity and equity-related securities may range between 80-90% and the portion invested in fixed income and fixed income-related securities may range between 10-20%. Although the Portfolio does not seek to generate income, with respect to its equity and equity-related investments, the Portfolio will generate 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 and fixed income-related 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, 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.

The Underlying Portfolios may hold securities issued and guaranteed by the US government and securities issued by federal agencies and instrumentalities. 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 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 with a goal of achieving the Portfolios investment objective of providing long-term capital appreciation. 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 may allocate up to 10% of its net assets to a liquidity strategy, which is employed through an overlay sleeve. The liquidity strategy seeks to allow for the efficient management of Portfolio-level risk and changes in the Portfolio's asset levels, liquidity, and asset allocations. The liquidity strategy is also used to access and adjust exposures to various asset classes and underlying strategy allocations. The liquidity strategy is 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 contracts and to provide additional portfolio liquidity to satisfy large-scale redemptions.

The liquidity strategy may also invest in exchange-traded funds (ETFs) for additional exposure to relevant markets. The liquidity strategy may temporarily deviate from the allocation indicated due to redemptions in the Portfolio or other circumstances relevant to the Portfolio's overall investment process. The Portfolio is non-diversified, which means it can invest a greater percentage of its assets in the securities of fewer issuers.

C000215089 Performance

Total returns for C000215089 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	28.2%

C000215089 Risk Information

Risk metrics for C000215089, derived from monthly returns in SEC filings.

1-year volatility (annualised): 12.6%

C000215089 Costs and Fees

C000215089 costs about $86 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.86%
Gross expense ratio: 2.90%
Portfolio turnover: 40%
Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)

C000215089 Cashflows

Over the 12 months to 2021-09, AST Dimensional Global Core Allocation Portfolio had net inflows of $1.78M, from monthly SEC N-PORT filings.

Month	Net flow
2021-09	$763.00K
2021-08	$57.53K
2021-07	$45.09K
2021-06	$37.65K
2021-05	$98.58K
2021-04	$114.07K

C000215089 Debt Constituents

No individual debt constituents are reported in AST Dimensional Global Core Allocation Portfolio's latest SEC N-PORT filing.

C000215089 Prospectus and SEC Filings

Official AST Dimensional Global Core Allocation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.