AST BOND PORTFOLIO 2034
| SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
| Shares | Value | |||||
| Long-Term Investment — 94.6% | ||||||
| Affiliated Mutual Fund | ||||||
| Fixed Income | ||||||
AST Target Maturity Central Portfolio* | 507,770 | $5,143,709 | ||||
| (cost $4,871,369) | ||||||
| Short-Term Investment — 1.4% | |||||
| Affiliated Mutual Fund | |||||
PGIM Core Ultra Short Bond Fund (cost $72,950) | 72,950 | 72,950 | |||
TOTAL INVESTMENTS—96.0% (cost $4,944,319)(wa) | 5,216,659 | ||||
Other assets in excess of liabilities(z) — 4.0% | 219,841 | ||||
Net Assets — 100.0% | $5,436,500 | ||||
| * | Non-income producing security. |
| (wa) | Represents investments in Funds affiliated with the Manager. |
| (z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
| Futures contracts outstanding at March 31, 2024: | ||||||||
| Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
| Long Positions: | ||||||||
| 65 | 10 Year U.S. Ultra Treasury Notes | Jun. 2024 | $7,449,610 | $62,352 | ||||
| 2 | 20 Year U.S. Treasury Bonds | Jun. 2024 | 240,875 | 3,683 | ||||
| 66,035 | ||||||||
| Short Positions: | ||||||||
| 7 | 2 Year U.S. Treasury Notes | Jun. 2024 | 1,431,391 | 1,173 | ||||
| 23 | 5 Year U.S. Treasury Notes | Jun. 2024 | 2,461,359 | (3,789) | ||||
| 24 | 10 Year U.S. Treasury Notes | Jun. 2024 | 2,659,125 | (13,282) | ||||
| 3 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 387,000 | (8,981) | ||||
| (24,879) | ||||||||
| $41,156 | ||||||||
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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