# EDGAR Filing Document

**Accession Number:** 0000814679
**File Stem:** 0001683863-25-005280
**Filing Date:** 2025-6
**Character Count:** 3682
**Document Hash:** e1bf5ced38204f631b1a2d13570733d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-005280.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001683863-25-005280

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**EFFECTIVENESS DATE**: 20250623

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVANCED SERIES TRUST
- **CENTRAL INDEX KEY:** 0000814679

**ORGANIZATION NAME:**
- **EIN:** 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:** 251064152

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH 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

## Series and Classes Contracts Data

### AST SMALL-CAP EQUITY PORTFOLIO (Series ID: S000001978)

---

|  |  |
|:---|:---|
| Class Name                     | Class ID   |
| AST SMALL-CAP EQUITY PORTFOLIO | C000005188 |

---

## Series and Classes Contracts Data

### AST SMALL-CAP EQUITY PORTFOLIO (Series ID: S000001978)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000005188 | AST SMALL-CAP EQUITY PORTFOLIO |  |

![](gdm36scd4g6ag9mnsiqy7.jpg)

**ADVANCED SERIES TRUST**

AST Small-Cap Equity Portfolio

**Supplement dated June 23, 2025 to the**

**Statement of Additional Information, dated May 1, 2025, as supplemented**

This supplement should be read in conjunction with the statement of additional information (the SAI) for the Advanced Series Trust (the Trust) relating to the AST Small-Cap Equity Portfolio (the Portfolio), and should be retained for future reference. The Portfolio discussed in this supplement may not be available under your variable contract. For more information about the portfolio 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 SAI.

The Board of Trustees of the Trust (the Board) of the Portfolio approved amending the Subadvisory Agreement between PGIM Investments LLC, AST Investment Services, Inc. and Driehaus Capital Management LLC (Driehaus) to reduce the subadvisory fee paid to Driehaus. This change is expected to become effective on July 1, 2025.

To reflect the change described above, the SAI is hereby revised as follows, effective July 1, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;I.The table in Part I of the SAI entitled "Portfolio Subadvisers and Fee Rates" is hereby revised by replacing the

Driehaus information pertaining to the Portfolio with the information set forth below:

**Portfolio Subadvisers and Fee Rates**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Portfolio** | &nbsp;&nbsp;**Subadviser(s)** | &nbsp;&nbsp;**Fee Rate** |
| &nbsp;&nbsp;AST Small-Cap Equity | &nbsp;&nbsp;Driehaus Capital Management | &nbsp;&nbsp;0.40% of average daily net assets |
| &nbsp;&nbsp;Portfolio (formerly AST | &nbsp;&nbsp;LLC |  |
| &nbsp;&nbsp;Small-Cap Growth |  |  |
| &nbsp;&nbsp;Portfolio) |  |  |

---

**THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.**

176SUP1