Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

AST Goldman Sachs Global Income Portfolio to be reorganized

497 1 f7248d1.htm 497


AST Goldman Sachs Global Income Portfolio

Supplement dated October 16, 2020

to the Currently Effective Summary Prospectus, Prospectus and Statement of Additional Information

This supplement should be read in conjunction with the currently effective Advanced Series Trust (the Trust) Prospectus and Statement of Additional Information (SAI), and the Summary Prospectus for the AST Goldman Sachs Global Income Portfolio (the Portfolio or the Target Portfolio). The Portfolio discussed in this supplement may not be available under your variable contract. For more information about the portfolios available under your variable contract, please refer to your contract prospectus. Defined terms used herein and not otherwise defined shall have the meanings given to them in the Trust Prospectus and SAI.

At a meeting of the shareholders of the Target Portfolio held on October 15, 2020, shareholders approved the reorganization (the Reorganization) of the Target Portfolio into the AST Wellington Management Global Bond Portfolio (the Acquiring Portfolio), each a series of the Trust. The Acquiring Portfolio will change its name to the "AST Global Bond Portfolio" on or about November 16, 2020.

Pursuant to the Reorganization, the assets and liabilities of the Target Portfolio will be exchanged for shares of the Acquiring Portfolio, and Target Portfolio shareholders will become shareholders of the Acquiring Portfolio. No sales charges will be imposed in connection with the Reorganization. The Acquiring Portfolio shares to be received by Target Portfolio shareholders in the Reorganization will be equal in value to the Target Portfolio shares held by such shareholders immediately prior to the Reorganization. It is expected that the Reorganization will be completed on or about November 16, 2020.




  • Is it just me or does it seem that there has been a rash of fund reorganizations this year? Any inkling if there's a general purpose behind them?
  • Guess it is end of year house cleaning for funds.
Sign In or Register to comment.