AST BOND PORTFOLIO 2027
| SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
| Shares | Value | |||||
| Long-Term Investment — 95.9% | ||||||
| Affiliated Mutual Fund | ||||||
| Fixed Income | ||||||
AST Target Maturity Central Portfolio* (cost $42,902,642) | 4,342,086 | $43,985,329 | ||||
| Short-Term Investment — 2.9% | ||||||
| Affiliated Mutual Fund | ||||||
PGIM Core Ultra Short Bond Fund (cost $1,333,033) | 1,333,033 | 1,333,033 | ||||
TOTAL INVESTMENTS—98.8% (cost $44,235,675)(wa) | 45,318,362 | |||||
Other assets in excess of liabilities(z) — 1.2% | 541,960 | |||||
Net Assets — 100.0% | $45,860,322 | |||||
| * | 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: | ||||||||
| 107 | 3 Year U.S. Treasury Notes | Jun. 2024 | $22,316,188 | $7,463 | ||||
| 147 | 5 Year U.S. Treasury Notes | Jun. 2024 | 15,731,298 | 24,744 | ||||
| 32,207 | ||||||||
| Short Positions: | ||||||||
| 53 | 2 Year U.S. Treasury Notes | Jun. 2024 | 10,837,672 | 12,129 | ||||
| 46 | 10 Year U.S. Treasury Notes | Jun. 2024 | 5,096,656 | (22,826) | ||||
| 41 | 10 Year U.S. Ultra Treasury Notes | Jun. 2024 | 4,698,985 | (45,541) | ||||
| 51 | 20 Year U.S. Treasury Bonds | Jun. 2024 | 6,142,313 | (123,214) | ||||
| 30 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 3,870,000 | (50,395) | ||||
| (229,847) | ||||||||
| $(197,640) | ||||||||
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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