0001683863-19-001609.txt : 20190701 0001683863-19-001609.hdr.sgml : 20190701 20190701115613 ACCESSION NUMBER: 0001683863-19-001609 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190701 DATE AS OF CHANGE: 20190701 EFFECTIVENESS DATE: 20190701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED SERIES TRUST CENTRAL INDEX KEY: 0000814679 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-24962 FILM NUMBER: 19932092 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026469 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN SKANDIA TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HENDERSON INTERNATIONAL GROWTH FUND DATE OF NAME CHANGE: 19920506 FORMER COMPANY: FORMER CONFORMED NAME: HENDERSON GLOBAL ASSET TRUST DATE OF NAME CHANGE: 19900302 0000814679 S000002010 AST HIGH YIELD PORTFOLIO C000005220 AST HIGH YIELD PORTFOLIO 497 1 f1368d1.htm 497

ADVANCED SERIES TRUST 

AST High Yield Portfolio 

  

Supplement dated July 1, 2019 to the 

Currently Effective Prospectus and Statement of Additional Information 

  

This supplement should be read in conjunction with the currently effective Prospectus (the Prospectus) and Statement of Additional Information (SAI) for Advanced Series Trust relating to the AST High Yield Portfolio (the 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 herein that are not otherwise defined shall have the meanings given to them in the Trust’s Prospectus and SAI. 

  

  

William J. Morgan has announced his retirement from J.P. Morgan Investment Management, Inc. (J.P. Morgan) effective February 29, 2020. As such, Mr. Morgan will no longer serve as a portfolio manager for the Portfolio effective February 29, 2020. James P. Shanahan, Alexander Sammarco, Christopher Musbach and Michael Schlembach of J.P. Morgan will continue to serve as portfolio managers for the Portfolio.  

  

To reflect this change, the Prospectus and SAI are hereby revised as follows, effective February 29, 2020:  

  

I.

The table in the “SUMMARY: AST HIGH YIELD PORTFOLIO – MANAGEMENT OF THE PORTFOLIO” section of the Prospectus is hereby revised by replacing the information pertaining to Mr. Morgan of J.P. Morgan with the information set forth below: 

 

Investment Managers 

Subadviser 

Portfolio Managers 

Title 

Service Date 

PGIM Investments LLC 

J.P. Morgan Investment Management, Inc. 

William J. Morgan+ 

Managing Director 

September 2010 

AST Investment Services, Inc. 

  

  

  

  

+ Mr. Morgan has announced his retirement from J.P. Morgan effective February 29, 2020. Until his retirement, Mr. Morgan will continue to serve on the J.P. Morgan portfolio management team. 

  

II.

The table in Part I of the SAI entitled “PORTFOLIO MANAGERS: OTHER ACCOUNTS – AST High Yield Portfolio” is hereby revised by replacing the information pertaining to Mr. Morgan of J.P. Morgan with the information set forth below: 

  

Subadviser 

Portfolio Manager 

Registered Investment Companies 

Other Pooled Investment Vehicles 

Other Accounts 

Ownership of Portfolio Securities 

J.P. Morgan 

William J. Morgan* 

11/$12,404,529 

19/$8,363,666 

6/$330,967 

None 

* Mr. Morgan has announced his retirement from J.P. Morgan effective February 29, 2020. Until his retirement, Mr. Morgan will continue to serve on the J.P. Morgan portfolio management team. 

  

  

  

THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE. 

  

  

162SUP1