AST BOND PORTFOLIO 2029
| SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
| Shares | Value | |||||
| Long-Term Investment — 95.7% | ||||||
| Affiliated Mutual Fund | ||||||
| Fixed Income | ||||||
AST Target Maturity Central Portfolio* (cost $7,040,258) | 730,434 | $7,399,302 | ||||
| Short-Term Investment — 2.7% | ||||||
| Affiliated Mutual Fund | ||||||
PGIM Core Ultra Short Bond Fund (cost $209,731) | 209,731 | 209,731 | ||||
TOTAL INVESTMENTS—98.4% (cost $7,249,989)(wa) | 7,609,033 | |||||
Other assets in excess of liabilities(z) — 1.6% | 121,781 | |||||
Net Assets — 100.0% | $7,730,814 | |||||
| * | 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: | ||||||||
| 63 | 5 Year U.S. Treasury Notes | Jun. 2024 | $6,741,985 | $8,125 | ||||
| 23 | 10 Year U.S. Treasury Notes | Jun. 2024 | 2,548,328 | 10,070 | ||||
| 18,195 | ||||||||
| Short Positions: | ||||||||
| 8 | 2 Year U.S. Treasury Notes | Jun. 2024 | 1,635,875 | 1,249 | ||||
| 19 | 3 Year U.S. Treasury Notes | Jun. 2024 | 3,962,688 | (1,723) | ||||
| 7 | 10 Year U.S. Ultra Treasury Notes | Jun. 2024 | 802,266 | (7,775) | ||||
| 9 | 20 Year U.S. Treasury Bonds | Jun. 2024 | 1,083,938 | (21,961) | ||||
| 5 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 645,000 | (14,969) | ||||
| (45,179) | ||||||||
| $(26,984) | ||||||||
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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