AST BLACKROCK 60/40 TARGET ALLOCATION ETF PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2021 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 99.9% | ||||||
Exchange-Traded Funds** | ||||||
iShares Core S&P 500 ETF | 85,738 | $34,108,291 | ||||
iShares Core S&P Small-Cap ETF(a) | 87,736 | 9,521,988 | ||||
iShares Core Total USD Bond Market ETF(a) | 449,683 | 23,720,778 | ||||
iShares ESG Aware MSCI USA ETF(a) | 361,377 | 32,838,328 | ||||
iShares Fallen Angels USD Bond ETF(a) | 157,252 | 4,598,049 | ||||
iShares Global Tech ETF | 23,728 | 7,301,580 | ||||
iShares iBoxx $ Investment Grade Corporate Bond ETF(a) | 77,057 | 10,021,263 | ||||
iShares MSCI EAFE Growth ETF | 120,459 | 12,101,311 | ||||
iShares MSCI EAFE Value ETF(a) | 363,922 | 18,549,104 | ||||
iShares MSCI USA Min. Vol. Factor ETF(a) | 36,150 | 2,501,219 | ||||
iShares MSCI USA Momentum Factor ETF(a) | 31,363 | 5,045,052 | ||||
iShares MSCI USA Value Factor ETF | 94,343 | 9,666,384 | ||||
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF(a) | 346,234 | 18,932,075 | ||||
iShares U.S. Energy ETF(a) | 180,365 | 4,730,974 | ||||
iShares U.S. Medical Devices ETF(a) | 10,919 | 3,607,201 | ||||
iShares U.S. Treasury Bond ETF(a) | 1,087,155 | 28,472,589 | ||||
iShares, Inc. iShares ESG Aware MSCI EM ETF(a) | 323,442 | 14,008,273 | ||||
Total Long-Term Investments (cost $208,438,515) | 239,724,459 | |||||
Short-Term Investments — 30.7% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wa) | 376,309 | 376,309 | ||||
PGIM Institutional Money Market Fund (cost $73,345,226; includes $73,335,590 of cash collateral for securities on loan)(b)(wa) | 73,381,916 | 73,345,226 | ||||
Total Short-Term Investments (cost $73,721,535) | 73,721,535 | |||||
TOTAL INVESTMENTS—130.6% (cost $282,160,050) | 313,445,994 | |||||
Liabilities in excess of other assets — (30.6)% | (73,391,788) | |||||
Net Assets — 100.0% | $240,054,206 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
USD | US Dollar |
EAFE | Europe, Australasia, Far East |
EM | Emerging Markets |
ESG | Environmental Social and Governance |
ETF | Exchange-Traded Fund |
iBoxx | Bond Market Indices |
MSCI | Morgan Stanley Capital International |
S&P | Standard & Poor’s |
** | Investments are affiliated with the Subadvisor. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $71,755,587; cash collateral of $73,335,590 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Portfolio may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(wa) | PGIM Investments LLC, the manager of the Portfolio, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
Other information regarding the Portfolio is available in the Portfolio’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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