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AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 85.7% | ||||||
Affiliated Mutual Fund — 13.8% | ||||||
Fixed Income | ||||||
AST T. Rowe Price Fixed Income Central Portfolio* | 184,585,451 | $1,984,293,603 | ||||
(cost $1,857,919,603)(wa) | ||||||
Common Stocks — 54.8% | ||||||
Aerospace & Defense — 0.9% | ||||||
Boeing Co. (The)* | 122,371 | 23,616,379 | ||||
BWX Technologies, Inc. | 16,792 | 1,723,195 | ||||
General Dynamics Corp. | 19,124 | 5,402,339 | ||||
Howmet Aerospace, Inc. | 115,247 | 7,886,352 | ||||
Huntington Ingalls Industries, Inc. | 12,222 | 3,562,346 | ||||
Kratos Defense & Security Solutions, Inc.*(a) | 75,779 | 1,392,818 | ||||
L3Harris Technologies, Inc. | 41,581 | 8,860,911 | ||||
Lockheed Martin Corp. | 8,725 | 3,968,741 | ||||
Melrose Industries PLC (United Kingdom) | 1,677,344 | 14,242,162 | ||||
Moog, Inc. (Class A Stock) | 10,286 | 1,642,160 | ||||
Northrop Grumman Corp. | 11,509 | 5,508,898 | ||||
RTX Corp. | 92,245 | 8,996,655 | ||||
Safran SA (France) | 74,110 | 16,783,819 | ||||
Spirit AeroSystems Holdings, Inc. (Class A Stock)*(a) | 109,471 | 3,948,619 | ||||
TransDigm Group, Inc. | 10,917 | 13,445,377 | ||||
Triumph Group, Inc.* | 101,522 | 1,526,891 | ||||
122,507,662 | ||||||
Air Freight & Logistics — 0.1% | ||||||
FedEx Corp. | 35,251 | 10,213,625 | ||||
GXO Logistics, Inc.* | 27,431 | 1,474,690 | ||||
11,688,315 | ||||||
Automobile Components — 0.4% | ||||||
Aptiv PLC*(a) | 80,749 | 6,431,658 | ||||
Autoliv, Inc. (Sweden)(a) | 21,408 | 2,578,165 | ||||
Autoliv, Inc. (Sweden), SDR | 97,415 | 11,729,001 | ||||
Denso Corp. (Japan) | 739,300 | 14,158,832 | ||||
Dowlais Group PLC (United Kingdom) | 2,241,204 | 2,207,579 | ||||
Gentherm, Inc.* | 23,851 | 1,373,341 | ||||
Magna International, Inc. (Canada)(a) | 189,364 | 10,316,551 | ||||
Stanley Electric Co. Ltd. (Japan) | 213,900 | 3,786,742 | ||||
Stoneridge, Inc.* | 66,764 | 1,231,128 | ||||
Visteon Corp.* | 10,075 | 1,184,921 | ||||
54,997,918 | ||||||
Automobiles — 0.7% | ||||||
General Motors Co. | 92,956 | 4,215,555 | ||||
Honda Motor Co. Ltd. (Japan) | 395,600 | 4,895,032 | ||||
Rivian Automotive, Inc. (Class A Stock)*(a) | 305,782 | 3,348,313 | ||||
Suzuki Motor Corp. (Japan) | 721,200 | 8,234,134 | ||||
Tesla, Inc.* | 273,298 | 48,043,055 | ||||
Toyota Motor Corp. (Japan) | 1,110,800 | 28,075,437 | ||||
96,811,526 | ||||||
Banks — 2.5% | ||||||
ANZ Group Holdings Ltd. (Australia) | 408,170 | 7,823,032 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks (cont’d.) | ||||||
Bancorp, Inc. (The)* | 48,637 | $1,627,394 | ||||
Bank of America Corp. | 515,904 | 19,563,080 | ||||
BankUnited, Inc. | 54,922 | 1,537,816 | ||||
BNP Paribas SA (France) | 152,897 | 10,885,486 | ||||
Capitol Federal Financial, Inc.(a) | 196,584 | 1,171,641 | ||||
Citigroup, Inc. | 383,752 | 24,268,476 | ||||
DBS Group Holdings Ltd. (Singapore) | 317,462 | 8,472,368 | ||||
Dime Community Bancshares, Inc. | 48,499 | 934,091 | ||||
DNB Bank ASA (Norway) | 986,675 | 19,612,684 | ||||
East West Bancorp, Inc.(a) | 87,813 | 6,946,886 | ||||
Fifth Third Bancorp(a) | 257,131 | 9,567,844 | ||||
First BanCorp. (Puerto Rico) | 151,176 | 2,651,627 | ||||
HDFC Bank Ltd. (India) | 515,861 | 8,995,389 | ||||
Home BancShares, Inc.(a) | 74,312 | 1,825,846 | ||||
Huntington Bancshares, Inc. | 388,217 | 5,415,627 | ||||
ING Groep NV (Netherlands) | 1,502,753 | 24,740,257 | ||||
Intesa Sanpaolo SpA (Italy) | 2,911,914 | 10,571,813 | ||||
JPMorgan Chase & Co.(a) | 305,005 | 61,092,501 | ||||
M&T Bank Corp. | 3,500 | 509,040 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | 1,385,600 | 14,097,236 | ||||
National Bank Holdings Corp. (Class A Stock) | 39,642 | 1,429,887 | ||||
National Bank of Canada (Canada) | 214,660 | 18,075,464 | ||||
OFG Bancorp (Puerto Rico) | 67,215 | 2,474,184 | ||||
Pacific Premier Bancorp, Inc. | 66,236 | 1,589,664 | ||||
PNC Financial Services Group, Inc. (The) | 40,200 | 6,496,320 | ||||
Popular, Inc. (Puerto Rico) | 50,100 | 4,413,309 | ||||
Seacoast Banking Corp. of Florida | 63,245 | 1,605,791 | ||||
Standard Chartered PLC (United Kingdom) | 803,821 | 6,814,570 | ||||
Sumitomo Mitsui Trust Holdings, Inc. (Japan) | 243,162 | 5,239,316 | ||||
Svenska Handelsbanken AB (Sweden) (Class A Stock) | 1,180,726 | 11,937,123 | ||||
Truist Financial Corp. | 96,706 | 3,769,600 | ||||
United Overseas Bank Ltd. (Singapore) | 588,200 | 12,787,489 | ||||
Webster Financial Corp. | 67,607 | 3,432,407 | ||||
Wells Fargo & Co. | 475,163 | 27,540,447 | ||||
Westamerica BanCorp | 38,954 | 1,904,072 | ||||
Western Alliance Bancorp | 85,875 | 5,512,316 | ||||
WSFS Financial Corp. | 42,404 | 1,914,117 | ||||
Zions Bancorp NA | 20,164 | 875,118 | ||||
360,121,328 | ||||||
Beverages — 0.8% | ||||||
Boston Beer Co., Inc. (The) (Class A Stock)* | 2,720 | 828,022 | ||||
Celsius Holdings, Inc.* | 21,650 | 1,795,218 | ||||
Coca-Cola Co. (The) | 493,475 | 30,190,801 | ||||
Constellation Brands, Inc. (Class A Stock) | 36,314 | 9,868,693 | ||||
Diageo PLC (United Kingdom) | 363,381 | 13,445,904 | ||||
Heineken NV (Netherlands) | 138,918 | 13,392,756 | ||||
Keurig Dr. Pepper, Inc. | 323,087 | 9,909,078 | ||||
Kirin Holdings Co. Ltd. (Japan) | 321,100 | 4,465,316 | ||||
Monster Beverage Corp.*(a) | 108,505 | 6,432,176 |
A1
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
PepsiCo, Inc. | 158,481 | $27,735,760 | ||||
118,063,724 | ||||||
Biotechnology — 1.0% | ||||||
AbbVie, Inc. | 172,128 | 31,344,509 | ||||
ACADIA Pharmaceuticals, Inc.* | 63,993 | 1,183,231 | ||||
Agios Pharmaceuticals, Inc.* | 28,528 | 834,159 | ||||
Akero Therapeutics, Inc.* | 16,043 | 405,246 | ||||
Alkermes PLC*(a) | 49,363 | 1,336,256 | ||||
Alnylam Pharmaceuticals, Inc.*(a) | 15,437 | 2,307,060 | ||||
Alpine Immune Sciences, Inc.* | 18,042 | 715,185 | ||||
Amgen, Inc.(a) | 72,862 | 20,716,124 | ||||
Apogee Therapeutics, Inc.*(a) | 7,199 | 478,374 | ||||
Argenx SE (Netherlands), ADR* | 16,500 | 6,496,380 | ||||
Avidity Biosciences, Inc.* | 14,339 | 365,931 | ||||
Biogen, Inc.* | 26,199 | 5,649,290 | ||||
Biohaven Ltd.*(a) | 21,800 | 1,192,242 | ||||
BioMarin Pharmaceutical, Inc.* | 19,723 | 1,722,607 | ||||
Blueprint Medicines Corp.*(a) | 23,431 | 2,222,665 | ||||
Cargo Therapeutics, Inc.*(a) | 22,246 | 496,531 | ||||
Celldex Therapeutics, Inc.* | 19,819 | 831,803 | ||||
Crinetics Pharmaceuticals, Inc.* | 20,360 | 953,052 | ||||
Denali Therapeutics, Inc.* | 17,325 | 355,509 | ||||
Exact Sciences Corp.*(a) | 17,531 | 1,210,691 | ||||
Exelixis, Inc.* | 18,136 | 430,367 | ||||
Genmab A/S (Denmark)* | 20,515 | 6,150,985 | ||||
Gilead Sciences, Inc. | 40,404 | 2,959,593 | ||||
Ideaya Biosciences, Inc.* | 15,421 | 676,673 | ||||
IGM Biosciences, Inc.*(a) | 70,074 | 676,214 | ||||
Insmed, Inc.* | 87,197 | 2,365,655 | ||||
Intellia Therapeutics, Inc.* | 21,376 | 588,054 | ||||
Ionis Pharmaceuticals, Inc.*(a) | 38,274 | 1,659,178 | ||||
Kymera Therapeutics, Inc.* | 32,396 | 1,302,319 | ||||
Madrigal Pharmaceuticals, Inc.*(a) | 2,408 | 643,032 | ||||
Moderna, Inc.*(a) | 11,158 | 1,188,996 | ||||
Morphic Holding, Inc.* | 14,336 | 504,627 | ||||
Neurocrine Biosciences, Inc.* | 15,457 | 2,131,829 | ||||
Prothena Corp. PLC (Ireland)*(a) | 21,953 | 543,776 | ||||
Regeneron Pharmaceuticals, Inc.* | 11,109 | 10,692,301 | ||||
Relay Therapeutics, Inc.* | 71,981 | 597,442 | ||||
Replimune Group, Inc.*(a) | 59,181 | 483,509 | ||||
REVOLUTION Medicines, Inc.* | 36,348 | 1,171,496 | ||||
Rocket Pharmaceuticals, Inc.* | 22,990 | 619,351 | ||||
Scholar Rock Holding Corp.* | 138,560 | 2,460,826 | ||||
SpringWorks Therapeutics, Inc.*(a) | 16,429 | 808,635 | ||||
Ultragenyx Pharmaceutical, Inc.* | 26,159 | 1,221,364 | ||||
Vaxcyte, Inc.*(a) | 14,889 | 1,017,068 | ||||
Vera Therapeutics, Inc.* | 18,278 | 788,147 | ||||
Vertex Pharmaceuticals, Inc.* | 37,847 | 15,820,424 | ||||
Xencor, Inc.* | 42,735 | 945,726 | ||||
139,264,432 | ||||||
Broadline Retail — 1.4% | ||||||
Alibaba Group Holding Ltd. (China), ADR(a) | 34,714 | 2,511,905 | ||||
Amazon.com, Inc.* | 1,034,291 | 186,565,411 | ||||
Kohl’s Corp.(a) | 83,273 | 2,427,408 | ||||
Next PLC (United Kingdom) | 105,660 | 12,316,202 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Broadline Retail (cont’d.) | ||||||
Ollie’s Bargain Outlet Holdings, Inc.* | 9,693 | $771,272 | ||||
204,592,198 | ||||||
Building Products — 0.2% | ||||||
Armstrong World Industries, Inc. | 27,443 | 3,408,969 | ||||
AZEK Co., Inc. (The)* | 40,755 | 2,046,716 | ||||
Carlisle Cos., Inc. | 5,492 | 2,152,040 | ||||
Carrier Global Corp.(a) | 149,927 | 8,715,257 | ||||
Gibraltar Industries, Inc.* | 34,242 | 2,757,508 | ||||
Insteel Industries, Inc. | 59,581 | 2,277,186 | ||||
Johnson Controls International PLC | 57,919 | 3,783,269 | ||||
Trane Technologies PLC | 11,163 | 3,351,133 | ||||
Trex Co., Inc.* | 22,167 | 2,211,158 | ||||
30,703,236 | ||||||
Capital Markets — 1.4% | ||||||
Ares Management Corp. (Class A Stock) | 65,497 | 8,709,791 | ||||
Bank of New York Mellon Corp. (The) | 118,643 | 6,836,210 | ||||
BlackRock, Inc.(a) | 6,712 | 5,595,794 | ||||
Blackstone, Inc. | 23,200 | 3,047,784 | ||||
Blue Owl Capital, Inc. | 106,784 | 2,013,946 | ||||
Bridgepoint Group PLC (United Kingdom), 144A | 1,438,543 | 4,707,766 | ||||
Brookfield Corp. (Canada) | 247,388 | 10,351,742 | ||||
Cboe Global Markets, Inc. | 17,260 | 3,171,180 | ||||
Charles Schwab Corp. (The) | 319,876 | 23,139,830 | ||||
CME Group, Inc. | 22,470 | 4,837,566 | ||||
Coinbase Global, Inc. (Class A Stock)* | 18,052 | 4,785,946 | ||||
Goldman Sachs Group, Inc. (The) | 38,438 | 16,055,168 | ||||
Intercontinental Exchange, Inc.(a) | 89,839 | 12,346,574 | ||||
Julius Baer Group Ltd. (Switzerland) | 177,321 | 10,284,332 | ||||
KKR & Co., Inc. | 95,751 | 9,630,636 | ||||
Lazard, Inc. | 20,580 | 861,685 | ||||
LPL Financial Holdings, Inc. | 27,157 | 7,174,879 | ||||
Macquarie Group Ltd. (Australia) | 66,541 | 8,655,493 | ||||
Moody’s Corp.(a) | 10,116 | 3,975,892 | ||||
Morgan Stanley | 131,730 | 12,403,697 | ||||
Morningstar, Inc. | 8,079 | 2,491,321 | ||||
MSCI, Inc. | 10,256 | 5,747,975 | ||||
Open Lending Corp.* | 117,647 | 736,470 | ||||
S&P Global, Inc.(a) | 41,039 | 17,460,043 | ||||
Tradeweb Markets, Inc. (Class A Stock) | 71,537 | 7,452,009 | ||||
Virtus Investment Partners, Inc. | 12,631 | 3,132,235 | ||||
XP, Inc. (Brazil) (Class A Stock) | 171,209 | 4,393,223 | ||||
199,999,187 | ||||||
Chemicals — 1.1% | ||||||
Air Liquide SA (France) | 92,543 | 19,253,451 | ||||
Akzo Nobel NV (Netherlands) | 117,581 | 8,785,362 | ||||
Asahi Kasei Corp. (Japan) | 814,900 | 5,975,890 | ||||
BASF SE (Germany) | 167,079 | 9,547,546 | ||||
CF Industries Holdings, Inc.(a) | 93,118 | 7,748,349 | ||||
Covestro AG (Germany), 144A* | 159,491 | 8,724,151 | ||||
Element Solutions, Inc. | 66,268 | 1,655,375 | ||||
HB Fuller Co. | 20,324 | 1,620,636 | ||||
Huntsman Corp. | 60,722 | 1,580,594 |
A2
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Chemicals (cont’d.) | ||||||
International Flavors & Fragrances, Inc. | 12,883 | $1,107,809 | ||||
Johnson Matthey PLC (United Kingdom) | 296,466 | 6,699,642 | ||||
LG Chem Ltd. (South Korea) | 2,428 | 794,697 | ||||
Linde PLC(a) | 92,712 | 43,048,036 | ||||
Lotte Chemical Corp. (South Korea) | 5,142 | 458,408 | ||||
Minerals Technologies, Inc. | 16,398 | 1,234,441 | ||||
Mosaic Co. (The) | 150,350 | 4,880,361 | ||||
Quaker Chemical Corp.(a) | 5,970 | 1,225,342 | ||||
RPM International, Inc.(a) | 74,268 | 8,834,179 | ||||
Scotts Miracle-Gro Co. (The) | 30,798 | 2,297,223 | ||||
Sherwin-Williams Co. (The) | 38,073 | 13,223,895 | ||||
Shin-Etsu Chemical Co. Ltd. (Japan) | 57,700 | 2,530,835 | ||||
Umicore SA (Belgium) | 242,376 | 5,225,527 | ||||
156,451,749 | ||||||
Commercial Services & Supplies — 0.4% | ||||||
Casella Waste Systems, Inc. (Class A Stock)* | 7,308 | 722,542 | ||||
Cintas Corp. | 5,010 | 3,442,020 | ||||
Copart, Inc.* | 152,130 | 8,811,370 | ||||
Element Fleet Management Corp. (Canada) | 900,916 | 14,559,117 | ||||
HNI Corp. | 59,510 | 2,685,686 | ||||
MSA Safety, Inc. | 12,668 | 2,452,398 | ||||
OPENLANE, Inc.* | 84,120 | 1,455,276 | ||||
Republic Services, Inc. | 21,516 | 4,119,023 | ||||
Stericycle, Inc.* | 40,573 | 2,140,226 | ||||
Veralto Corp. | 8,592 | 761,767 | ||||
Waste Connections, Inc. | 57,624 | 9,911,904 | ||||
51,061,329 | ||||||
Communications Equipment — 0.2% | ||||||
Arista Networks, Inc.* | 26,328 | 7,634,594 | ||||
Ciena Corp.* | 21,545 | 1,065,400 | ||||
Cisco Systems, Inc. | 261,920 | 13,072,427 | ||||
Harmonic, Inc.* | 61,980 | 833,011 | ||||
Lumentum Holdings, Inc.*(a) | 21,308 | 1,008,934 | ||||
Telefonaktiebolaget LM Ericsson (Sweden) (Class B Stock) | 1,747,360 | 9,397,582 | ||||
33,011,948 | ||||||
Construction & Engineering — 0.2% | ||||||
API Group Corp.*(a) | 64,521 | 2,533,740 | ||||
Comfort Systems USA, Inc. | 6,560 | 2,084,178 | ||||
EMCOR Group, Inc.(a) | 4,382 | 1,534,576 | ||||
Quanta Services, Inc.(a) | 3,500 | 909,300 | ||||
Valmont Industries, Inc. | 6,730 | 1,536,324 | ||||
WillScot Mobile Mini Holdings Corp.*(a) | 100,875 | 4,690,688 | ||||
Worley Ltd. (Australia) | 841,419 | 9,184,239 | ||||
22,473,045 | ||||||
Construction Materials — 0.1% | ||||||
Summit Materials, Inc. (Class A Stock)* | 53,429 | 2,381,331 | ||||
Vulcan Materials Co. | 31,163 | 8,505,006 | ||||
10,886,337 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Consumer Finance — 0.2% | ||||||
Ally Financial, Inc. | 29,098 | $1,181,088 | ||||
American Express Co. | 80,784 | 18,393,709 | ||||
Capital One Financial Corp. | 23,800 | 3,543,582 | ||||
Discover Financial Services | 29,255 | 3,835,038 | ||||
OneMain Holdings, Inc.(a) | 73,936 | 3,777,390 | ||||
SLM Corp.(a) | 65,426 | 1,425,633 | ||||
Synchrony Financial | 46,100 | 1,987,832 | ||||
34,144,272 | ||||||
Consumer Staples Distribution & Retail — 0.8% | ||||||
BJ’s Wholesale Club Holdings, Inc.* | 36,502 | 2,761,376 | ||||
Casey’s General Stores, Inc.(a) | 9,409 | 2,996,296 | ||||
Costco Wholesale Corp. | 47,239 | 34,608,709 | ||||
Dollar General Corp.(a) | 61,158 | 9,544,317 | ||||
Seven & i Holdings Co. Ltd. (Japan) | 978,900 | 14,268,335 | ||||
Sprouts Farmers Market, Inc.*(a) | 37,312 | 2,405,878 | ||||
Sysco Corp. | 31,400 | 2,549,052 | ||||
Target Corp. | 50,854 | 9,011,837 | ||||
Walmart, Inc. | 482,424 | 29,027,452 | ||||
Welcia Holdings Co. Ltd. (Japan) | 134,300 | 2,283,664 | ||||
109,456,916 | ||||||
Containers & Packaging — 0.2% | ||||||
Amcor PLC, CDI | 294,625 | 2,771,023 | ||||
Avery Dennison Corp. | 20,137 | 4,495,585 | ||||
Ball Corp.(a) | 113,614 | 7,653,039 | ||||
Graphic Packaging Holding Co.(a) | 95,712 | 2,792,876 | ||||
Myers Industries, Inc. | 115,576 | 2,677,896 | ||||
Packaging Corp. of America | 22,480 | 4,266,255 | ||||
Westrock Co. | 74,920 | 3,704,794 | ||||
28,361,468 | ||||||
Diversified Consumer Services — 0.1% | ||||||
Bright Horizons Family Solutions, Inc.*(a) | 28,361 | 3,215,003 | ||||
Duolingo, Inc.* | 10,139 | 2,236,461 | ||||
Service Corp. International(a) | 18,001 | 1,335,854 | ||||
Strategic Education, Inc. | 15,008 | 1,562,633 | ||||
8,349,951 | ||||||
Diversified REITs — 0.0% | ||||||
Tokyu REIT, Inc. (Japan) | 44 | 46,815 | ||||
WP Carey, Inc. | 30,577 | 1,725,766 | ||||
1,772,581 | ||||||
Diversified Telecommunication Services — 0.3% | ||||||
BT Group PLC (United Kingdom) | 5,340,463 | 7,390,994 | ||||
Cellnex Telecom SA (Spain), 144A | 20,641 | 730,169 | ||||
GCI Liberty, Inc. (Class A Stock)*^ | 51,000 | 5 | ||||
Iridium Communications, Inc. | 24,071 | 629,697 | ||||
KT Corp. (South Korea) | 263,064 | 7,419,762 | ||||
Liberty Global Ltd. (Belgium) (Class C Stock)*(a) | 96,906 | 1,709,422 | ||||
Nippon Telegraph & Telephone Corp. (Japan) | 20,122,400 | 23,967,858 | ||||
Verizon Communications, Inc.(a) | 134,639 | 5,649,453 | ||||
47,497,360 |
A3
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electric Utilities — 0.5% | ||||||
Constellation Energy Corp.(a) | 45,000 | $8,318,250 | ||||
FirstEnergy Corp. | 261,234 | 10,088,857 | ||||
IDACORP, Inc.(a) | 14,841 | 1,378,581 | ||||
MGE Energy, Inc.(a) | 14,339 | 1,128,766 | ||||
NextEra Energy, Inc.(a) | 370,302 | 23,666,001 | ||||
OGE Energy Corp.(a) | 28,448 | 975,766 | ||||
PG&E Corp. | 995,296 | 16,681,161 | ||||
PPL Corp. | 37,607 | 1,035,321 | ||||
Southern Co. (The)(a) | 159,729 | 11,458,958 | ||||
74,731,661 | ||||||
Electrical Equipment — 0.7% | ||||||
ABB Ltd. (Switzerland) | 437,002 | 20,272,654 | ||||
Atkore, Inc.(a) | 12,419 | 2,364,081 | ||||
Emerson Electric Co.(a) | 18,504 | 2,098,724 | ||||
Hubbell, Inc. | 11,311 | 4,694,631 | ||||
Legrand SA (France) | 138,424 | 14,658,648 | ||||
Mitsubishi Electric Corp. (Japan) | 1,029,900 | 17,239,443 | ||||
Plug Power, Inc.*(a) | 120,039 | 412,934 | ||||
Prysmian SpA (Italy) | 289,891 | 15,118,961 | ||||
Rockwell Automation, Inc.(a) | 31,402 | 9,148,345 | ||||
Schneider Electric SE | 3,940 | 890,741 | ||||
Sensata Technologies Holding PLC | 26,318 | 966,923 | ||||
Shoals Technologies Group, Inc. (Class A Stock)*(a) | 52,990 | 592,428 | ||||
Sunrun, Inc.*(a) | 65,162 | 858,835 | ||||
Thermon Group Holdings, Inc.* | 52,047 | 1,702,978 | ||||
Vertiv Holdings Co. (Class A Stock) | 35,885 | 2,930,728 | ||||
93,951,054 | ||||||
Electronic Equipment, Instruments & Components — 0.5% | ||||||
Amphenol Corp. (Class A Stock) | 149,489 | 17,243,556 | ||||
Belden, Inc.(a) | 31,196 | 2,889,061 | ||||
Cognex Corp.(a) | 51,504 | 2,184,800 | ||||
Coherent Corp.*(a) | 46,620 | 2,826,104 | ||||
Hamamatsu Photonics KK (Japan) | 165,900 | 5,849,027 | ||||
Largan Precision Co. Ltd. (Taiwan) | 40,000 | 3,036,319 | ||||
Littelfuse, Inc. | 9,505 | 2,303,537 | ||||
Murata Manufacturing Co. Ltd. (Japan) | 469,000 | 8,771,432 | ||||
Novanta, Inc.*(a) | 11,554 | 2,019,293 | ||||
Omron Corp. (Japan) | 95,300 | 3,412,411 | ||||
TE Connectivity Ltd. | 73,514 | 10,677,173 | ||||
Teledyne Technologies, Inc.*(a) | 16,965 | 7,283,414 | ||||
Zebra Technologies Corp. (Class A Stock)*(a) | 15,607 | 4,704,574 | ||||
73,200,701 | ||||||
Energy Equipment & Services — 0.3% | ||||||
Atlas Energy Solutions, Inc.(a) | 59,985 | 1,356,861 | ||||
Baker Hughes Co.(a) | 56,488 | 1,892,348 | ||||
Expro Group Holdings NV*(a) | 79,444 | 1,586,497 | ||||
Halliburton Co.(a) | 277,938 | 10,956,316 | ||||
Noble Corp. PLC | 59,554 | 2,887,773 | ||||
Schlumberger NV(a) | 311,286 | 17,061,586 | ||||
Seadrill Ltd. (Norway)* | 21,339 | 1,073,352 | ||||
TechnipFMC PLC (United Kingdom) | 254,120 | 6,380,953 | ||||
Tenaris SA, ADR | 24,506 | 962,350 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Energy Equipment & Services (cont’d.) | ||||||
Tidewater, Inc.* | 34,020 | $3,129,840 | ||||
Weatherford International PLC* | 10,328 | 1,192,058 | ||||
48,479,934 | ||||||
Entertainment — 0.5% | ||||||
Endeavor Group Holdings, Inc. (Class A Stock) | 84,654 | 2,178,147 | ||||
Liberty Media Corp.-Liberty Formula One (Class C Stock)*(a) | 35,397 | 2,322,043 | ||||
Madison Square Garden Sports Corp.* | 3,561 | 657,076 | ||||
Netflix, Inc.* | 67,007 | 40,695,361 | ||||
ROBLOX Corp. (Class A Stock)* | 42,609 | 1,626,812 | ||||
Sphere Entertainment Co.*(a) | 27,923 | 1,370,461 | ||||
Walt Disney Co. (The) | 133,526 | 16,338,241 | ||||
Warner Music Group Corp. (Class A Stock)(a) | 33,249 | 1,097,882 | ||||
66,286,023 | ||||||
Financial Services — 1.9% | ||||||
Adyen NV (Netherlands), 144A* | 2,572 | 4,344,460 | ||||
Affirm Holdings, Inc.*(a) | 32,028 | 1,193,363 | ||||
Apollo Global Management, Inc.(a) | 99,276 | 11,163,586 | ||||
Berkshire Hathaway, Inc. (Class B Stock)*(a) | 148,162 | 62,305,084 | ||||
Block, Inc.* | 48,009 | 4,060,601 | ||||
Challenger Ltd. (Australia) | 658,758 | 3,051,557 | ||||
Corebridge Financial, Inc.(a) | 376,750 | 10,824,028 | ||||
Corpay, Inc.* | 37,051 | 11,431,716 | ||||
Equitable Holdings, Inc. | 257,873 | 9,801,753 | ||||
Euronet Worldwide, Inc.* | 16,646 | 1,829,895 | ||||
Fiserv, Inc.*(a) | 156,171 | 24,959,249 | ||||
Global Payments, Inc.(a) | 104,425 | 13,957,445 | ||||
Mastercard, Inc. (Class A Stock)(a) | 94,197 | 45,362,449 | ||||
Mitsubishi HC Capital, Inc. (Japan) | 777,700 | 5,424,180 | ||||
Payoneer Global, Inc.* | 253,418 | 1,231,611 | ||||
Toast, Inc. (Class A Stock)*(a) | 67,471 | 1,681,377 | ||||
Visa, Inc. (Class A Stock)(a) | 197,100 | 55,006,668 | ||||
Voya Financial, Inc.(a) | 131,381 | 9,711,684 | ||||
Western Union Co. (The) | 51,062 | 713,847 | ||||
WEX, Inc.*(a) | 5,079 | 1,206,415 | ||||
279,260,968 | ||||||
Food Products — 0.6% | ||||||
Barry Callebaut AG (Switzerland) | 4,053 | 5,887,391 | ||||
Darling Ingredients, Inc.*(a) | 37,172 | 1,728,870 | ||||
Flowers Foods, Inc. | 77,063 | 1,830,246 | ||||
Freshpet, Inc.*(a) | 8,932 | 1,034,861 | ||||
Kraft Heinz Co. (The) | 94,368 | 3,482,179 | ||||
Mondelez International, Inc. (Class A Stock) | 156,228 | 10,935,960 | ||||
Mriya Recovery Certificates (Ukraine)^ | 1,359,527 | 7,334 | ||||
Nestle SA | 418,457 | 44,461,039 | ||||
Post Holdings, Inc.* | 20,825 | 2,213,281 | ||||
Tyson Foods, Inc. (Class A Stock) | 28,275 | 1,660,591 | ||||
Wilmar International Ltd. (China) | 3,551,600 | 9,021,506 | ||||
82,263,258 |
A4
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Gas Utilities — 0.0% | ||||||
Beijing Enterprises Holdings Ltd. (China) | 807,500 | $2,345,138 | ||||
Chesapeake Utilities Corp. | 5,311 | 569,870 | ||||
National Fuel Gas Co. | 11,677 | 627,289 | ||||
ONE Gas, Inc.(a) | 13,736 | 886,384 | ||||
Southwest Gas Holdings, Inc.(a) | 16,347 | 1,244,497 | ||||
5,673,178 | ||||||
Ground Transportation — 0.6% | ||||||
Canadian National Railway Co. (Canada)(a) | 59,835 | 7,880,868 | ||||
Canadian Pacific Kansas City Ltd. (Canada)(a) | 31,443 | 2,772,329 | ||||
Central Japan Railway Co. (Japan) | 226,500 | 5,625,202 | ||||
CSX Corp. | 323,140 | 11,978,800 | ||||
J.B. Hunt Transport Services, Inc.(a) | 16,645 | 3,316,516 | ||||
Landstar System, Inc.(a) | 3,577 | 689,503 | ||||
Norfolk Southern Corp. | 36,282 | 9,247,193 | ||||
Old Dominion Freight Line, Inc.(a) | 74,496 | 16,337,718 | ||||
Ryder System, Inc.(a) | 15,289 | 1,837,585 | ||||
Saia, Inc.*(a) | 15,418 | 9,019,530 | ||||
Uber Technologies, Inc.* | 272,321 | 20,965,994 | ||||
89,671,238 | ||||||
Health Care Equipment & Supplies — 1.3% | ||||||
Abbott Laboratories | 103,814 | 11,799,499 | ||||
Alcon, Inc. (Switzerland) | 91,160 | 7,539,978 | ||||
Atrion Corp.(a) | 1,728 | 801,014 | ||||
Avanos Medical, Inc.* | 26,310 | 523,832 | ||||
Baxter International, Inc.(a) | 103,096 | 4,406,323 | ||||
Becton, Dickinson & Co. | 46,950 | 11,617,777 | ||||
Boston Scientific Corp.* | 136,205 | 9,328,680 | ||||
Dexcom, Inc.*(a) | 52,915 | 7,339,311 | ||||
Edwards Lifesciences Corp.* | 120,431 | 11,508,386 | ||||
Elekta AB (Sweden) (Class B Stock) | 757,259 | 5,707,854 | ||||
Enovis Corp.* | 11,288 | 704,936 | ||||
Envista Holdings Corp.* | 23,967 | 512,414 | ||||
EssilorLuxottica SA (France) | 51,386 | 11,624,111 | ||||
Hologic, Inc.* | 81,360 | 6,342,826 | ||||
Inspire Medical Systems, Inc.*(a) | 3,997 | 858,516 | ||||
Intuitive Surgical, Inc.* | 57,512 | 22,952,464 | ||||
iRhythm Technologies, Inc.*(a) | 11,068 | 1,283,888 | ||||
Koninklijke Philips NV (Netherlands)* | 436,780 | 8,741,696 | ||||
Lantheus Holdings, Inc.* | 20,966 | 1,304,924 | ||||
Medtronic PLC(a) | 73,441 | 6,400,383 | ||||
Novocure Ltd.* | 37,521 | 586,453 | ||||
Penumbra, Inc.*(a) | 15,271 | 3,408,182 | ||||
PROCEPT BioRobotics Corp.*(a) | 45,643 | 2,255,677 | ||||
Siemens Healthineers AG (Germany), 144A* | 254,530 | 15,566,440 | ||||
Stryker Corp. | 52,563 | 18,810,721 | ||||
Teleflex, Inc. | 11,585 | 2,620,179 | ||||
Zimmer Biomet Holdings, Inc. | 88,372 | 11,663,337 | ||||
186,209,801 | ||||||
Health Care Providers & Services — 1.1% | ||||||
agilon health, Inc.*(a) | 114,761 | 700,042 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Providers & Services (cont’d.) | ||||||
Amedisys, Inc.* | 9,296 | $856,719 | ||||
Cardinal Health, Inc. | 33,700 | 3,771,030 | ||||
Cencora, Inc.(a) | 18,376 | 4,465,184 | ||||
Centene Corp.* | 18,300 | 1,436,184 | ||||
Cigna Group (The)(a) | 54,095 | 19,646,763 | ||||
CVS Health Corp. | 45,730 | 3,647,425 | ||||
Elevance Health, Inc. | 38,038 | 19,724,225 | ||||
Fresenius SE & Co. KGaA (Germany) | 288,689 | 7,785,023 | ||||
Guardant Health, Inc.* | 33,638 | 693,952 | ||||
HCA Healthcare, Inc.(a) | 13,742 | 4,583,369 | ||||
Humana, Inc. | 6,289 | 2,180,522 | ||||
McKesson Corp. | 23,017 | 12,356,677 | ||||
Molina Healthcare, Inc.* | 11,342 | 4,659,634 | ||||
Pennant Group, Inc. (The)* | 76,237 | 1,496,532 | ||||
Select Medical Holdings Corp. | 127,980 | 3,858,597 | ||||
Tenet Healthcare Corp.* | 98,057 | 10,306,771 | ||||
U.S. Physical Therapy, Inc.(a) | 10,193 | 1,150,484 | ||||
UnitedHealth Group, Inc. | 104,318 | 51,606,115 | ||||
154,925,248 | ||||||
Health Care REITs — 0.2% | ||||||
Healthcare Realty Trust, Inc. | 255,567 | 3,616,273 | ||||
Ventas, Inc. | 109,963 | 4,787,789 | ||||
Welltower, Inc. | 185,428 | 17,326,392 | ||||
25,730,454 | ||||||
Health Care Technology — 0.0% | ||||||
Veeva Systems, Inc. (Class A Stock)* | 24,498 | 5,675,942 | ||||
Hotel & Resort REITs — 0.1% | ||||||
Apple Hospitality REIT, Inc. | 273,311 | 4,476,834 | ||||
Host Hotels & Resorts, Inc.(a) | 81,807 | 1,691,769 | ||||
Invincible Investment Corp. (Japan) | 4,090 | 1,837,121 | ||||
Pebblebrook Hotel Trust(a) | 152,246 | 2,346,111 | ||||
10,351,835 | ||||||
Hotels, Restaurants & Leisure — 1.2% | ||||||
Airbnb, Inc. (Class A Stock)* | 47,017 | 7,755,924 | ||||
Amadeus IT Group SA (Spain) | 146,071 | 9,377,278 | ||||
Aramark | 25,864 | 841,097 | ||||
Booking Holdings, Inc.(a) | 4,387 | 15,915,510 | ||||
Cava Group, Inc.* | 18,857 | 1,320,933 | ||||
Chipotle Mexican Grill, Inc.* | 6,478 | 18,830,056 | ||||
Choice Hotels International, Inc.(a) | 10,528 | 1,330,213 | ||||
Compass Group PLC (United Kingdom) | 635,052 | 18,627,760 | ||||
Domino’s Pizza, Inc. | 11,000 | 5,465,680 | ||||
DoorDash, Inc. (Class A Stock)* | 40,667 | 5,600,659 | ||||
DraftKings, Inc. (Class A Stock)* | 87,341 | 3,966,155 | ||||
Hilton Worldwide Holdings, Inc. | 67,854 | 14,473,937 | ||||
InterContinental Hotels Group PLC (United Kingdom) | 8,828 | 917,334 | ||||
Kyoritsu Maintenance Co. Ltd. (Japan) | 22,000 | 503,726 | ||||
Las Vegas Sands Corp. | 146,836 | 7,591,421 | ||||
Marriott International, Inc. (Class A Stock)(a) | 21,220 | 5,354,018 | ||||
Marriott Vacations Worldwide Corp. | 11,650 | 1,255,054 | ||||
McDonald’s Corp. | 77,140 | 21,749,623 |
A5
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
Norwegian Cruise Line Holdings Ltd.*(a) | 110,270 | $2,307,951 | ||||
Papa John’s International, Inc.(a) | 7,378 | 491,375 | ||||
Planet Fitness, Inc. (Class A Stock)* | 24,014 | 1,503,997 | ||||
Red Robin Gourmet Burgers, Inc.*(a) | 99,309 | 760,707 | ||||
Royal Caribbean Cruises Ltd.*(a) | 70,683 | 9,825,644 | ||||
Starbucks Corp. | 66,225 | 6,052,303 | ||||
Vail Resorts, Inc.(a) | 3,729 | 830,933 | ||||
Wendy’s Co. (The) | 44,974 | 847,310 | ||||
Wingstop, Inc. | 16,792 | 6,152,589 | ||||
Wynn Resorts Ltd. | 46,048 | 4,707,487 | ||||
174,356,674 | ||||||
Household Durables — 0.4% | ||||||
Cavco Industries, Inc.*(a) | 3,899 | 1,555,935 | ||||
Green Brick Partners, Inc.* | 12,424 | 748,298 | ||||
Meritage Homes Corp. | 20,766 | 3,643,602 | ||||
NVR, Inc.* | 1,487 | 12,044,641 | ||||
Panasonic Holdings Corp. (Japan) | 983,900 | 9,390,112 | ||||
Persimmon PLC (United Kingdom) | 442,535 | 7,337,454 | ||||
Sony Group Corp. (Japan) | 166,600 | 14,286,072 | ||||
Tempur Sealy International, Inc.(a) | 58,351 | 3,315,504 | ||||
52,321,618 | ||||||
Household Products — 0.4% | ||||||
Colgate-Palmolive Co. | 173,044 | 15,582,612 | ||||
Procter & Gamble Co. (The) | 248,979 | 40,396,843 | ||||
55,979,455 | ||||||
Independent Power & Renewable Electricity Producers — 0.1% | ||||||
Electric Power Development Co. Ltd. (Japan) | 409,200 | 6,717,867 | ||||
Vistra Corp. | 45,114 | 3,142,190 | ||||
9,860,057 | ||||||
Industrial Conglomerates — 0.8% | ||||||
3M Co. | 25,686 | 2,724,514 | ||||
DCC PLC (United Kingdom) | 112,863 | 8,211,477 | ||||
General Electric Co.(a) | 213,231 | 37,428,437 | ||||
Honeywell International, Inc. | 96,575 | 19,822,019 | ||||
Siemens AG (Germany) | 237,708 | 45,387,699 | ||||
113,574,146 | ||||||
Industrial REITs — 0.5% | ||||||
EastGroup Properties, Inc. | 25,528 | 4,589,169 | ||||
Goodman Group (Australia) | 143,014 | 3,150,213 | ||||
Granite Real Estate Investment Trust (Canada)(a) | 12,986 | 741,167 | ||||
Industrial & Infrastructure Fund Investment Corp. (Japan) | 180 | 163,437 | ||||
Mapletree Industrial Trust (Singapore) | 636,500 | 1,102,937 | ||||
Mitsui Fudosan Logistics Park, Inc. (Japan) | 469 | 1,411,453 | ||||
Prologis, Inc. | 254,383 | 33,125,754 | ||||
Rexford Industrial Realty, Inc.(a) | 339,682 | 17,086,005 | ||||
Segro PLC (United Kingdom) | 186,370 | 2,124,903 | ||||
Terreno Realty Corp.(a) | 127,207 | 8,446,545 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Industrial REITs (cont’d.) | ||||||
Warehouses De Pauw CVA (Belgium) | 38,069 | $1,085,530 | ||||
73,027,113 | ||||||
Insurance — 1.9% | ||||||
AIA Group Ltd. (Hong Kong) | 1,467,600 | 9,871,920 | ||||
American International Group, Inc.(a) | 240,375 | 18,790,114 | ||||
AXA SA (France) | 766,115 | 28,772,057 | ||||
Axis Capital Holdings Ltd. | 42,439 | 2,759,384 | ||||
Chubb Ltd. | 97,112 | 25,164,632 | ||||
Definity Financial Corp. (Canada)(a) | 146,978 | 4,680,987 | ||||
Fidelity National Financial, Inc.(a) | 27,618 | 1,466,516 | ||||
First American Financial Corp. | 21,716 | 1,325,762 | ||||
Hanover Insurance Group, Inc. (The) | 22,065 | 3,004,591 | ||||
Hartford Financial Services Group, Inc. (The) | 174,752 | 18,008,194 | ||||
Kemper Corp. | 47,651 | 2,950,550 | ||||
Mandatum OYJ (Finland)* | 321,706 | 1,436,370 | ||||
Markel Group, Inc.*(a) | 685 | 1,042,214 | ||||
Marsh & McLennan Cos., Inc. | 61,651 | 12,698,873 | ||||
MetLife, Inc. | 176,755 | 13,099,313 | ||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany) | 62,358 | 30,439,489 | ||||
Palomar Holdings, Inc.* | 8,107 | 679,610 | ||||
Ping An Insurance Group Co. of China Ltd. (China) (Class H Stock) | 513,000 | 2,178,034 | ||||
RenaissanceRe Holdings Ltd. (Bermuda)(a) | 59,439 | 13,969,948 | ||||
Sampo OYJ (Finland) (Class A Stock) | 307,590 | 13,120,627 | ||||
Selective Insurance Group, Inc. | 22,119 | 2,414,731 | ||||
Storebrand ASA (Norway) | 1,057,887 | 9,775,753 | ||||
Sun Life Financial, Inc. (Canada) | 246,276 | 13,437,864 | ||||
Tokio Marine Holdings, Inc. (Japan) | 594,400 | 18,632,221 | ||||
Travelers Cos., Inc. (The) | 33,147 | 7,628,451 | ||||
Zurich Insurance Group AG (Switzerland) | 31,749 | 17,151,269 | ||||
274,499,474 | ||||||
Interactive Media & Services — 2.2% | ||||||
Alphabet, Inc. (Class A Stock)* | 489,843 | 73,932,004 | ||||
Alphabet, Inc. (Class C Stock)*(a) | 688,839 | 104,882,626 | ||||
IAC, Inc.* | 20,293 | 1,082,429 | ||||
LY Corp. (Japan) | 1,515,500 | 3,838,704 | ||||
Meta Platforms, Inc. (Class A Stock) | 245,218 | 119,072,956 | ||||
NAVER Corp. (South Korea) | 42,317 | 5,879,002 | ||||
Pinterest, Inc. (Class A Stock)*(a) | 110,238 | 3,821,952 | ||||
Snap, Inc. (Class A Stock)* | 71,135 | 816,630 | ||||
Tencent Holdings Ltd. (China) | 81,800 | 3,186,105 | ||||
316,512,408 | ||||||
IT Services — 0.5% | ||||||
Accenture PLC (Class A Stock) | 98,481 | 34,134,499 | ||||
Cloudflare, Inc. (Class A Stock)* | 20,096 | 1,945,896 | ||||
GoDaddy, Inc. (Class A Stock)* | 27,658 | 3,282,451 | ||||
International Business Machines Corp. | 53,100 | 10,139,976 | ||||
MongoDB, Inc.*(a) | 11,722 | 4,203,978 | ||||
NTT Data Group Corp. (Japan) | 1,077,800 | 17,134,816 |
A6
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
IT Services (cont’d.) | ||||||
Okta, Inc.* | 6,955 | $727,632 | ||||
Snowflake, Inc. (Class A Stock)* | 35,438 | 5,726,781 | ||||
Twilio, Inc. (Class A Stock)* | 20,365 | 1,245,320 | ||||
78,541,349 | ||||||
Leisure Products — 0.0% | ||||||
Mattel, Inc.* | 124,182 | 2,460,046 | ||||
Peloton Interactive, Inc. (Class A Stock)*(a) | 109,404 | 468,796 | ||||
2,928,842 | ||||||
Life Sciences Tools & Services — 0.6% | ||||||
10X Genomics, Inc. (Class A Stock)* | 25,828 | 969,325 | ||||
Agilent Technologies, Inc.(a) | 49,069 | 7,140,030 | ||||
Avantor, Inc.*(a) | 101,605 | 2,598,040 | ||||
Bio-Techne Corp.(a) | 66,918 | 4,710,358 | ||||
Charles River Laboratories International, Inc.* | 3,700 | 1,002,515 | ||||
Danaher Corp. | 59,440 | 14,843,357 | ||||
Evotec SE (Germany)* | 218,359 | 3,403,192 | ||||
ICON PLC* | 13,624 | 4,576,983 | ||||
IQVIA Holdings, Inc.* | 5,124 | 1,295,808 | ||||
Mettler-Toledo International, Inc.* | 3,800 | 5,058,902 | ||||
Repligen Corp.*(a) | 17,848 | 3,282,604 | ||||
Thermo Fisher Scientific, Inc.(a) | 55,207 | 32,086,861 | ||||
80,967,975 | ||||||
Machinery — 0.9% | ||||||
Alamo Group, Inc. | 11,226 | 2,563,233 | ||||
Atmus Filtration Technologies, Inc.* | 54,418 | 1,754,981 | ||||
Caterpillar, Inc. | 15,940 | 5,840,894 | ||||
Chart Industries, Inc.*(a) | 5,144 | 847,320 | ||||
Cummins, Inc. | 47,616 | 14,030,054 | ||||
Deere & Co. | 26,989 | 11,085,462 | ||||
Dover Corp. | 25,200 | 4,465,188 | ||||
Enerpac Tool Group Corp. | 41,052 | 1,463,914 | ||||
Esab Corp. | 58,085 | 6,422,458 | ||||
Hillenbrand, Inc. | 30,635 | 1,540,634 | ||||
IDEX Corp. | 31,679 | 7,730,310 | ||||
Ingersoll Rand, Inc.(a) | 101,758 | 9,661,922 | ||||
KION Group AG (Germany) | 139,069 | 7,315,544 | ||||
Middleby Corp. (The)*(a) | 18,103 | 2,910,781 | ||||
Mueller Water Products, Inc. (Class A Stock) | 226,404 | 3,642,840 | ||||
Nordson Corp. | 11,000 | 3,019,940 | ||||
Otis Worldwide Corp.(a) | 22,149 | 2,198,731 | ||||
RBC Bearings, Inc.*(a) | 10,663 | 2,882,742 | ||||
Sandvik AB (Sweden) | 576,355 | 12,795,529 | ||||
SMC Corp. (Japan) | 8,100 | 4,569,698 | ||||
Stanley Black & Decker, Inc.(a) | 136,059 | 13,324,258 | ||||
THK Co. Ltd. (Japan) | 203,300 | 4,779,910 | ||||
Timken Co. (The) | 12,760 | 1,115,607 | ||||
Toro Co. (The)(a) | 35,006 | 3,207,600 | ||||
129,169,550 | ||||||
Media — 0.3% | ||||||
Comcast Corp. (Class A Stock)(a) | 547,655 | 23,740,844 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Media (cont’d.) | ||||||
CyberAgent, Inc. (Japan) | 783,200 | $5,695,936 | ||||
Nexstar Media Group, Inc.(a) | 16,494 | 2,841,751 | ||||
Scholastic Corp. | 21,235 | 800,772 | ||||
Trade Desk, Inc. (The) (Class A Stock)* | 45,313 | 3,961,263 | ||||
WPP PLC (United Kingdom) | 1,239,018 | 11,742,345 | ||||
48,782,911 | ||||||
Metals & Mining — 1.8% | ||||||
Adriatic Metals PLC (Bosnia and Herzegowina), CDI* | 358,935 | 923,235 | ||||
Agnico Eagle Mines Ltd. (Canada) (XLON) | 44,545 | 2,656,159 | ||||
Agnico Eagle Mines Ltd. (Canada) (NYSE)(a) | 69,135 | 4,123,903 | ||||
Alamos Gold, Inc. (Canada) (Class A Stock) (NYSE) | 71,166 | 1,049,699 | ||||
Alamos Gold, Inc. (Canada) (Class A Stock) (XTSE) | 158,445 | 2,335,939 | ||||
Alcoa Corp. | 20,087 | 678,740 | ||||
Alpha Metallurgical Resources, Inc.(a) | 5,695 | 1,886,013 | ||||
Alrosa PJSC (Russia)^ | 1,356,440 | 1 | ||||
Aluminium Bahrain BSC (Bahrain) | 231,985 | 756,758 | ||||
Aluminum Corp. of China Ltd. (China) (Class H Stock) | 504,000 | 320,927 | ||||
Amman Mineral Internasional PT (Indonesia)* | 905,100 | 499,743 | ||||
Anglo American Platinum Ltd. (South Africa) | 43,098 | 1,748,417 | ||||
Anglo American PLC (South Africa) | 165,997 | 4,090,635 | ||||
Anglogold Ashanti PLC (United Kingdom) | 26,232 | 585,665 | ||||
Antofagasta PLC (Chile) | 479,208 | 12,308,944 | ||||
ArcelorMittal SA (Luxembourg) | 65,101 | 1,789,440 | ||||
ARE Holdings, Inc. (Japan) | 10,600 | 134,653 | ||||
Aya Gold & Silver, Inc. (Canada)*(a) | 89,224 | 768,042 | ||||
Barrick Gold Corp. (Canada) | 96,264 | 1,601,833 | ||||
Bellevue Gold Ltd. (Australia)* | 822,489 | 1,011,482 | ||||
BHP Group Ltd. (Australia) (XASX) | 867,094 | 25,071,111 | ||||
BHP Group Ltd. (Australia) (XLON) | 358,735 | 10,277,128 | ||||
BlueScope Steel Ltd. (Australia) | 30,420 | 473,126 | ||||
Boliden AB (Sweden) | 59,744 | 1,658,949 | ||||
Capricorn Metals Ltd. (Australia)* | 402,145 | 1,348,955 | ||||
Capstone Copper Corp. (Canada)* | 152,606 | 971,144 | ||||
Centamin PLC (Egypt) | 572,679 | 815,606 | ||||
Champion Iron Ltd. (Australia) | 143,759 | 694,043 | ||||
China Hongqiao Group Ltd. (China) | 310,500 | 349,915 | ||||
Cleveland-Cliffs, Inc.*(a) | 42,588 | 968,451 | ||||
Commercial Metals Co. | 13,769 | 809,204 | ||||
Emerald Resources NL (Australia)* | 1,183,193 | 2,261,787 | ||||
Endeavour Mining PLC (Burkina Faso) | 6,347 | 128,950 | ||||
ERO Copper Corp. (Brazil)* | 166,452 | 3,209,720 | ||||
Filo Corp. (Canada)* | 46,967 | 820,028 | ||||
First Quantum Minerals Ltd. (Zambia) | 104,868 | 1,127,222 | ||||
Foran Mining Corp. (Canada)* | 148,327 | 455,532 | ||||
Foran Mining Corp. (Canada) Lockup Shares*^ | 100,623 | 308,900 | ||||
Franco-Nevada Corp. (Canada) (XTSE) | 64,338 | 7,666,128 |
A7
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Metals & Mining (cont’d.) | ||||||
Franco-Nevada Corp. (Canada) (NYSE)(a) | 18,435 | $2,196,715 | ||||
Freeport-McMoRan, Inc. | 485,943 | 22,849,040 | ||||
G Mining Ventures Corp. (Canada)* | 510,370 | 712,118 | ||||
Glencore PLC (Australia) | 1,522,453 | 8,354,555 | ||||
Gold Fields Ltd. (South Africa) | 117,095 | 1,878,483 | ||||
Grupo Mexico SAB de CV (Mexico) (Class B Stock) | 256,318 | 1,526,168 | ||||
Hindalco Industries Ltd. (India) | 88,895 | 600,185 | ||||
Hoa Phat Group JSC (Vietnam)* | 3,085,700 | 3,801,596 | ||||
IGO Ltd. (Australia) | 961,259 | 4,428,959 | ||||
Impala Platinum Holdings Ltd. (South Africa) | 290,711 | 1,200,991 | ||||
Industrias Penoles SAB de CV (Mexico)* | 59,862 | 850,845 | ||||
Ivanhoe Electric, Inc.*(a) | 158,925 | 1,557,465 | ||||
Ivanhoe Mines Ltd. (Canada) (Class A Stock)* | 455,859 | 5,438,471 | ||||
JFE Holdings, Inc. (Japan) | 47,700 | 790,562 | ||||
JSW Steel Ltd. (India) | 42,165 | 421,118 | ||||
Karora Resources, Inc. (Canada)* | 457,607 | 1,716,174 | ||||
Kinross Gold Corp. (Canada) | 97,729 | 599,079 | ||||
Lundin Gold, Inc. (Canada) | 89,161 | 1,253,276 | ||||
MMC Norilsk Nickel PJSC (Russia)^ | 5,243 | — | ||||
MP Materials Corp.*(a) | 26,330 | 376,519 | ||||
Newmont Corp.(a) | 83,013 | 2,975,186 | ||||
Newmont Corp., CDI | 54,626 | 1,922,038 | ||||
NGEx Minerals Ltd. (Canada)*(a) | 117,235 | 757,304 | ||||
Nippon Steel Corp. (Japan)(a) | 136,100 | 3,275,176 | ||||
Norsk Hydro ASA (Norway) | 235,404 | 1,293,636 | ||||
Northam Platinum Holdings Ltd. (South Africa) | 226,369 | 1,348,935 | ||||
Northern Star Resources Ltd. (Australia) | 483,546 | 4,562,532 | ||||
Nucor Corp. | 43,230 | 8,555,217 | ||||
Osisko Gold Royalties Ltd. (Canada) | 119,226 | 1,956,660 | ||||
Osisko Mining, Inc. (Canada)* | 573,526 | 1,177,072 | ||||
Pilbara Minerals Ltd. (Australia) | 2,762,990 | 6,894,898 | ||||
Polyus PJSC (Russia)*^ | 4,693 | — | ||||
Red 5 Ltd. (Australia)* | 2,600,427 | 644,905 | ||||
Reliance, Inc.(a) | 30,770 | 10,282,719 | ||||
Rio Tinto Ltd. (Australia) | 15,816 | 1,255,242 | ||||
Rio Tinto PLC (Australia) | 99,792 | 6,309,340 | ||||
Royal Gold, Inc.(a) | 22,945 | 2,794,930 | ||||
Sibanye Stillwater Ltd. (South Africa) | 814,217 | 931,863 | ||||
Skeena Resources Ltd. (Canada)* | 133,936 | 616,014 | ||||
Snowline Gold Corp. (Canada)* | 111,823 | 497,798 | ||||
South32 Ltd. (Australia) | 2,980,738 | 5,816,411 | ||||
Southern Copper Corp. (Mexico)(a) | 25,988 | 2,768,242 | ||||
SSAB AB (Sweden) (Class A Stock) | 127,345 | 940,980 | ||||
SSAB AB (Sweden) (Class B Stock) | 51,216 | 378,161 | ||||
Steel Dynamics, Inc.(a) | 102,441 | 15,184,829 | ||||
Tata Steel Ltd. (India) | 555,636 | 1,041,901 | ||||
Teck Resources Ltd. (Canada) (Class B Stock) | 100,077 | 4,581,525 | ||||
Vale SA (Brazil), ADR | 260,058 | 3,170,107 | ||||
Warrior Met Coal, Inc. | 45,585 | 2,767,009 | ||||
Wesdome Gold Mines Ltd. (Canada)* | 295,480 | 2,201,021 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Metals & Mining (cont’d.) | ||||||
Wheaton Precious Metals Corp. (Brazil) | 131,956 | $6,215,195 | ||||
Zijin Mining Group Co. Ltd. (China) (Class H Stock) | 500,000 | 1,001,701 | ||||
263,356,993 | ||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.0% | ||||||
Franklin BSP Realty Trust, Inc.(a) | 119,680 | 1,598,925 | ||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc.(a) | 39,258 | 1,114,927 | ||||
PennyMac Mortgage Investment Trust | 109,038 | 1,600,678 | ||||
4,314,530 | ||||||
Multi-Utilities — 0.5% | ||||||
Ameren Corp. | 129,417 | 9,571,681 | ||||
CenterPoint Energy, Inc. | 262,029 | 7,465,206 | ||||
CMS Energy Corp. | 34,561 | 2,085,411 | ||||
Dominion Energy, Inc.(a) | 352,542 | 17,341,541 | ||||
Engie SA (France) | 1,226,491 | 20,552,743 | ||||
National Grid PLC (United Kingdom) | 993,016 | 13,379,908 | ||||
NiSource, Inc.(a) | 43,599 | 1,205,948 | ||||
Northwestern Energy Group, Inc. | 29,163 | 1,485,272 | ||||
73,087,710 | ||||||
Office REITs — 0.1% | ||||||
Alexandria Real Estate Equities, Inc.(a) | 16,326 | 2,104,585 | ||||
Derwent London PLC (United Kingdom) | 47,899 | 1,312,505 | ||||
Douglas Emmett, Inc.(a) | 236,381 | 3,278,604 | ||||
Gecina SA (France) | 13,025 | 1,330,427 | ||||
Great Portland Estates PLC (United Kingdom) | 764,951 | 3,751,047 | ||||
Kilroy Realty Corp.(a) | 85,802 | 3,125,767 | ||||
SL Green Realty Corp.(a) | 14,237 | 784,886 | ||||
15,687,821 | ||||||
Oil, Gas & Consumable Fuels — 2.5% | ||||||
BP PLC (United Kingdom), ADR | 103,597 | 3,903,535 | ||||
Cameco Corp. (Canada)(a) | 51,563 | 2,233,709 | ||||
Canadian Natural Resources Ltd. (Canada) | 57,732 | 4,404,007 | ||||
Cheniere Energy, Inc. | 23,309 | 3,759,275 | ||||
Chesapeake Energy Corp.(a) | 78,499 | 6,973,066 | ||||
Chevron Corp.(a) | 196,394 | 30,979,190 | ||||
ConocoPhillips | 265,227 | 33,758,093 | ||||
Diamondback Energy, Inc. | 50,121 | 9,932,479 | ||||
Enbridge, Inc. (Canada) | 104,080 | 3,765,614 | ||||
EOG Resources, Inc.(a) | 118,109 | 15,099,055 | ||||
EQT Corp.(a) | 148,004 | 5,486,508 | ||||
Equinor ASA (Norway) | 815,219 | 21,859,611 | ||||
Exxon Mobil Corp.(a) | 549,140 | 63,832,034 | ||||
Galp Energia SGPS SA (Portugal) | 97,913 | 1,618,734 | ||||
Hess Corp. | 57,536 | 8,782,295 | ||||
Kinder Morgan, Inc. | 47,239 | 866,363 | ||||
Kosmos Energy Ltd. (Ghana)* | 622,541 | 3,710,344 | ||||
Magnolia Oil & Gas Corp. (Class A Stock)(a) | 91,549 | 2,375,696 |
A8
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Oil, Gas & Consumable Fuels (cont’d.) | ||||||
Marathon Petroleum Corp. | 95,224 | $19,187,636 | ||||
NAC Kazatomprom JSC (Kazakhstan), GDR | 30,893 | 1,248,008 | ||||
OMV AG (Austria) | 28,651 | 1,356,983 | ||||
Permian Resources Corp. | 42,448 | 749,632 | ||||
Phillips 66 | 31,550 | 5,153,377 | ||||
Pioneer Natural Resources Co. | 40,950 | 10,749,375 | ||||
Range Resources Corp.(a) | 121,453 | 4,181,627 | ||||
Shell PLC (Netherlands) | 164,009 | 5,441,737 | ||||
Shell PLC (Netherlands), ADR(a) | 250,444 | 16,789,766 | ||||
SM Energy Co.(a) | 49,530 | 2,469,070 | ||||
Southwestern Energy Co.*(a) | 658,989 | 4,995,137 | ||||
Suncor Energy, Inc. (Canada) (NYSE) | 74,296 | 2,742,265 | ||||
Suncor Energy, Inc. (Canada) (XTSE) | 88,638 | 3,271,207 | ||||
Targa Resources Corp. | 20,911 | 2,341,823 | ||||
TotalEnergies SE (France) | 485,576 | 33,402,479 | ||||
Valero Energy Corp.(a) | 45,826 | 7,822,040 | ||||
Williams Cos., Inc. (The) | 335,238 | 13,064,225 | ||||
358,305,995 | ||||||
Paper & Forest Products — 0.1% | ||||||
Louisiana-Pacific Corp. | 31,338 | 2,629,572 | ||||
Stora Enso OYJ (Finland) (Class R Stock) | 626,088 | 8,706,407 | ||||
West Fraser Timber Co. Ltd. (Canada) (XTSE) | 17,907 | 1,546,198 | ||||
West Fraser Timber Co. Ltd. (Canada) (NYSE)(a) | 64,633 | 5,586,230 | ||||
18,468,407 | ||||||
Passenger Airlines — 0.0% | ||||||
Allegiant Travel Co.(a) | 18,583 | 1,397,627 | ||||
Southwest Airlines Co.(a) | 95,218 | 2,779,413 | ||||
United Airlines Holdings, Inc.* | 45,628 | 2,184,669 | ||||
6,361,709 | ||||||
Personal Care Products — 0.4% | ||||||
elf Beauty, Inc.* | 36,378 | 7,131,179 | ||||
Kenvue, Inc. | 419,149 | 8,994,937 | ||||
L’Oreal SA (France) | 33,103 | 15,676,643 | ||||
Unilever PLC (United Kingdom) | 594,290 | 29,834,453 | ||||
61,637,212 | ||||||
Pharmaceuticals — 2.5% | ||||||
Arvinas, Inc.*(a) | 43,724 | 1,804,927 | ||||
Astellas Pharma, Inc. (Japan) | 1,176,400 | 12,637,768 | ||||
AstraZeneca PLC (United Kingdom), ADR(a) | 510,925 | 34,615,169 | ||||
Bayer AG (Germany) | 219,955 | 6,736,029 | ||||
Bristol-Myers Squibb Co.(a) | 156,809 | 8,503,752 | ||||
Elanco Animal Health, Inc.* | 209,153 | 3,405,011 | ||||
Eli Lilly & Co. | 101,318 | 78,821,351 | ||||
EyePoint Pharmaceuticals, Inc.*(a) | 19,221 | 397,298 | ||||
GSK PLC, ADR | 145,828 | 6,251,646 | ||||
Johnson & Johnson | 220,984 | 34,957,459 | ||||
Merck & Co., Inc.(a) | 266,898 | 35,217,191 | ||||
Novartis AG (Switzerland) | 243,324 | 23,567,983 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Pharmaceuticals (cont’d.) | ||||||
Novo Nordisk A/S (Denmark), ADR | 52,630 | $6,757,692 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 234,935 | 30,135,914 | ||||
Otsuka Holdings Co. Ltd. (Japan) | 109,800 | 4,560,906 | ||||
Pacira BioSciences, Inc.* | 11,998 | 350,582 | ||||
Pfizer, Inc.(a) | 278,398 | 7,725,544 | ||||
Pliant Therapeutics, Inc.*(a) | 79,577 | 1,185,697 | ||||
Roche Holding AG | 82,470 | 21,056,162 | ||||
Royalty Pharma PLC (Class A Stock) | 37,465 | 1,137,812 | ||||
Sanofi SA | 249,409 | 24,263,630 | ||||
Viatris, Inc.(a) | 651,491 | 7,778,803 | ||||
Zoetis, Inc. | 81,711 | 13,826,318 | ||||
365,694,644 | ||||||
Professional Services — 0.4% | ||||||
Booz Allen Hamilton Holding Corp. | 32,691 | 4,852,652 | ||||
Broadridge Financial Solutions, Inc. | 30,144 | 6,175,300 | ||||
Equifax, Inc. | 6,647 | 1,778,205 | ||||
FTI Consulting, Inc.*(a) | 9,713 | 2,042,547 | ||||
Huron Consulting Group, Inc.* | 5,273 | 509,477 | ||||
Paylocity Holding Corp.*(a) | 15,474 | 2,659,362 | ||||
Recruit Holdings Co. Ltd. (Japan) | 262,900 | 11,543,100 | ||||
SS&C Technologies Holdings, Inc. | 64,706 | 4,165,125 | ||||
TechnoPro Holdings, Inc. (Japan) | 311,600 | 6,240,798 | ||||
Teleperformance SE (France) | 41,243 | 4,006,128 | ||||
TransUnion | 75,404 | 6,017,239 | ||||
Verra Mobility Corp.*(a) | 97,413 | 2,432,403 | ||||
52,422,336 | ||||||
Real Estate Management & Development — 0.3% | ||||||
CBRE Group, Inc. (Class A Stock)* | 32,243 | 3,135,309 | ||||
CoStar Group, Inc.* | 39,664 | 3,831,542 | ||||
Howard Hughes Holdings, Inc.* | 8,231 | 597,735 | ||||
Katitas Co. Ltd. (Japan) | 57,500 | 749,245 | ||||
Kerry Properties Ltd. (Hong Kong) | 280,000 | 512,948 | ||||
LEG Immobilien SE (Germany)* | 26,828 | 2,304,282 | ||||
Mitsubishi Estate Co. Ltd. (Japan) | 117,400 | 2,142,078 | ||||
Mitsui Fudosan Co. Ltd. (Japan) | 2,203,500 | 23,756,978 | ||||
St. Joe Co. (The) | 26,661 | 1,545,538 | ||||
StorageVault Canada, Inc. (Canada) | 208,639 | 794,786 | ||||
Sun Hung Kai Properties Ltd. (Hong Kong) | 223,666 | 2,160,542 | ||||
WHA Corp. PCL (Thailand) | 2,870,600 | 377,977 | ||||
Wharf Real Estate Investment Co. Ltd. (Hong Kong) | 383,000 | 1,247,011 | ||||
43,155,971 | ||||||
Residential REITs — 0.5% | ||||||
American Homes 4 Rent (Class A Stock)(a) | 273,350 | 10,053,813 | ||||
AvalonBay Communities, Inc. | 61,181 | 11,352,746 | ||||
Boardwalk Real Estate Investment Trust (Canada) | 19,268 | 1,110,661 | ||||
Camden Property Trust | 34,573 | 3,401,983 | ||||
Canadian Apartment Properties REIT (Canada)(a) | 23,976 | 822,889 |
A9
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Residential REITs (cont’d.) | ||||||
Comforia Residential REIT, Inc. (Japan) | 545 | $1,178,076 | ||||
Equity LifeStyle Properties, Inc. | 143,176 | 9,220,534 | ||||
Equity Residential | 106,313 | 6,709,413 | ||||
Essex Property Trust, Inc.(a) | 52,659 | 12,891,450 | ||||
Sun Communities, Inc. | 69,289 | 8,909,180 | ||||
UNITE Group PLC (The) (United Kingdom) | 75,407 | 932,806 | ||||
66,583,551 | ||||||
Retail REITs — 0.3% | ||||||
Acadia Realty Trust(a) | 390,348 | 6,639,820 | ||||
CapitaLand Integrated Commercial Trust (Singapore) | 1,282,300 | 1,880,187 | ||||
Federal Realty Investment Trust(a) | 4,254 | 434,418 | ||||
Kimco Realty Corp. | 178,561 | 3,501,581 | ||||
Nexus Select Trust (India) | 418,772 | 642,699 | ||||
Regency Centers Corp. | 131,685 | 7,974,844 | ||||
Scentre Group (Australia) | 5,989,842 | 13,228,713 | ||||
Simon Property Group, Inc. | 90,454 | 14,155,146 | ||||
48,457,408 | ||||||
Semiconductors & Semiconductor Equipment — 4.7% | ||||||
Advanced Micro Devices, Inc.*(a) | 115,319 | 20,813,926 | ||||
Analog Devices, Inc. | 35,800 | 7,080,882 | ||||
Applied Materials, Inc. | 23,500 | 4,846,405 | ||||
ASML Holding NV (Netherlands) (XAMS) | 41,542 | 40,273,384 | ||||
ASML Holding NV (Netherlands) (XNGS) | 5,009 | 4,861,084 | ||||
Broadcom, Inc. | 66,505 | 88,146,392 | ||||
Entegris, Inc.(a) | 133,274 | 18,730,328 | ||||
First Solar, Inc.* | 5,590 | 943,592 | ||||
KLA Corp.(a) | 29,663 | 20,721,682 | ||||
Lam Research Corp. | 39,076 | 37,965,069 | ||||
Lattice Semiconductor Corp.* | 57,481 | 4,496,739 | ||||
MACOM Technology Solutions Holdings, Inc.*(a) | 20,473 | 1,958,038 | ||||
Marvell Technology, Inc. | 87,609 | 6,209,726 | ||||
Microchip Technology, Inc. | 52,300 | 4,691,833 | ||||
Micron Technology, Inc. | 147,054 | 17,336,196 | ||||
MKS Instruments, Inc. | 26,699 | 3,550,967 | ||||
Monolithic Power Systems, Inc. | 8,261 | 5,596,167 | ||||
NVIDIA Corp. | 291,710 | 263,577,488 | ||||
NXP Semiconductors NV (China) | 82,953 | 20,553,265 | ||||
QUALCOMM, Inc. | 182,618 | 30,917,227 | ||||
Renesas Electronics Corp. (Japan) | 416,300 | 7,418,740 | ||||
Semtech Corp.*(a) | 83,270 | 2,289,092 | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 1,674,749 | 40,120,646 | ||||
Tokyo Electron Ltd. (Japan) | 70,400 | 18,335,622 | ||||
671,434,490 | ||||||
Software — 4.6% | ||||||
Adobe, Inc.* | 55,690 | 28,101,174 | ||||
Appfolio, Inc. (Class A Stock)* | 3,720 | 917,873 | ||||
Atlassian Corp. (Class A Stock)*(a) | 24,442 | 4,768,879 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Software (cont’d.) | ||||||
Autodesk, Inc.* | 67,233 | $17,508,818 | ||||
BILL Holdings, Inc.* | 23,155 | 1,591,212 | ||||
Braze, Inc. (Class A Stock)* | 13,096 | 580,153 | ||||
Cadence Design Systems, Inc.* | 39,210 | 12,205,289 | ||||
Confluent, Inc. (Class A Stock)*(a) | 113,674 | 3,469,330 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)*(a) | 24,119 | 7,732,310 | ||||
Datadog, Inc. (Class A Stock)* | 46,694 | 5,771,378 | ||||
Descartes Systems Group, Inc. (The) (Canada)* | 48,574 | 4,445,978 | ||||
DocuSign, Inc.* | 37,950 | 2,259,923 | ||||
Dynatrace, Inc.* | 132,826 | 6,168,439 | ||||
Fair Isaac Corp.* | 4,813 | 6,014,373 | ||||
Fortinet, Inc.* | 222,236 | 15,180,941 | ||||
Gen Digital, Inc.(a) | 411,834 | 9,225,082 | ||||
HashiCorp, Inc. (Class A Stock)* | 75,789 | 2,042,514 | ||||
HubSpot, Inc.* | 8,050 | 5,043,808 | ||||
Informatica, Inc. (Class A Stock)* | 25,397 | 888,895 | ||||
Intuit, Inc. | 23,550 | 15,307,500 | ||||
Manhattan Associates, Inc.* | 8,877 | 2,221,292 | ||||
Microsoft Corp. | 823,106 | 346,297,156 | ||||
MicroStrategy, Inc. (Class A Stock)*(a) | 1,503 | 2,561,954 | ||||
Nutanix, Inc. (Class A Stock)* | 46,514 | 2,870,844 | ||||
Oracle Corp. | 76,585 | 9,619,842 | ||||
Palantir Technologies, Inc. (Class A Stock)* | 196,788 | 4,528,092 | ||||
Palo Alto Networks, Inc.*(a) | 14,911 | 4,236,662 | ||||
Procore Technologies, Inc.*(a) | 36,355 | 2,987,290 | ||||
Roper Technologies, Inc.(a) | 20,087 | 11,265,593 | ||||
Salesforce, Inc. | 144,553 | 43,536,473 | ||||
Samsara, Inc. (Class A Stock)*(a) | 111,252 | 4,204,213 | ||||
SAP SE (Germany) | 124,597 | 24,261,403 | ||||
ServiceNow, Inc.* | 4,256 | 3,244,774 | ||||
Synopsys, Inc.* | 39,233 | 22,421,659 | ||||
Tyler Technologies, Inc.* | 4,500 | 1,912,545 | ||||
Workday, Inc. (Class A Stock)* | 42,847 | 11,686,519 | ||||
Workiva, Inc.*(a) | 9,364 | 794,067 | ||||
Zoom Video Communications, Inc. (Class A Stock)* | 29,656 | 1,938,613 | ||||
Zscaler, Inc.* | 29,619 | 5,705,508 | ||||
655,518,368 | ||||||
Specialized REITs — 0.7% | ||||||
American Tower Corp. | 105,983 | 20,941,181 | ||||
Big Yellow Group PLC (United Kingdom) | 68,761 | 922,557 | ||||
Crown Castle, Inc. | 23,829 | 2,521,823 | ||||
CubeSmart | 209,807 | 9,487,473 | ||||
Digital Core REIT Management Pte Ltd. (Singapore) | 538,200 | 322,899 | ||||
Equinix, Inc. | 32,094 | 26,488,141 | ||||
Extra Space Storage, Inc. | 20,285 | 2,981,895 | ||||
Gaming & Leisure Properties, Inc. | 62,537 | 2,881,080 | ||||
Lamar Advertising Co. (Class A Stock) | 11,333 | 1,353,273 | ||||
Public Storage | 56,688 | 16,442,921 | ||||
Rayonier, Inc.(a) | 92,578 | 3,077,293 | ||||
SBA Communications Corp. | 16,941 | 3,671,115 | ||||
Shurgard Self Storage Ltd. (Belgium) | 38,618 | 1,722,581 |
A10
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialized REITs (cont’d.) | ||||||
Weyerhaeuser Co. | 126,067 | $4,527,066 | ||||
97,341,298 | ||||||
Specialty Retail — 1.0% | ||||||
Advance Auto Parts, Inc. | 25,784 | 2,193,961 | ||||
AutoZone, Inc.*(a) | 2,672 | 8,421,209 | ||||
Bath & Body Works, Inc. | 35,043 | 1,752,851 | ||||
Burlington Stores, Inc.*(a) | 43,664 | 10,138,344 | ||||
Carvana Co.*(a) | 13,082 | 1,150,039 | ||||
Five Below, Inc.* | 17,755 | 3,220,402 | ||||
Floor & Decor Holdings, Inc. (Class A Stock)*(a) | 35,546 | 4,607,472 | ||||
GameStop Corp. (Class A Stock)*(a) | 24,874 | 311,422 | ||||
Home Depot, Inc. (The) | 119,658 | 45,900,809 | ||||
Kingfisher PLC (United Kingdom) | 4,001,440 | 12,593,640 | ||||
Lowe’s Cos., Inc.(a) | 63,094 | 16,071,935 | ||||
Murphy USA, Inc. | 5,206 | 2,182,355 | ||||
O’Reilly Automotive, Inc.*(a) | 9,049 | 10,215,235 | ||||
RH* | 2,281 | 794,381 | ||||
Ross Stores, Inc. | 70,568 | 10,356,560 | ||||
TJX Cos., Inc. (The) | 101,217 | 10,265,428 | ||||
Williams-Sonoma, Inc.(a) | 3,614 | 1,147,553 | ||||
141,323,596 | ||||||
Technology Hardware, Storage & Peripherals — 2.1% | ||||||
Apple, Inc. | 1,536,562 | 263,489,652 | ||||
Dell Technologies, Inc. (Class C Stock) | 18,291 | 2,087,186 | ||||
Pure Storage, Inc. (Class A Stock)* | 190,165 | 9,886,678 | ||||
Samsung Electronics Co. Ltd. (South Korea) | 398,323 | 23,938,222 | ||||
Western Digital Corp.* | 95,310 | 6,503,954 | ||||
305,905,692 | ||||||
Textiles, Apparel & Luxury Goods — 0.3% | ||||||
Kering SA (France) | 20,642 | 8,175,955 | ||||
Moncler SpA (Italy) | 153,632 | 11,464,134 | ||||
NIKE, Inc. (Class B Stock) | 152,760 | 14,356,385 | ||||
Samsonite International SA, 144A* | 1,554,300 | 5,889,042 | ||||
Skechers USA, Inc. (Class A Stock)* | 13,671 | 837,486 | ||||
Steven Madden Ltd.(a) | 56,362 | 2,382,985 | ||||
43,105,987 | ||||||
Tobacco — 0.2% | ||||||
Altria Group, Inc. | 41,384 | 1,805,170 | ||||
Philip Morris International, Inc. | 236,988 | 21,712,841 | ||||
23,518,011 | ||||||
Trading Companies & Distributors — 0.4% | ||||||
Air Lease Corp.(a) | 41,163 | 2,117,425 | ||||
Ashtead Group PLC (United Kingdom) | 158,789 | 11,310,416 | ||||
Bunzl PLC (United Kingdom) | 234,960 | 9,040,699 | ||||
Ferguson PLC | 20,578 | 4,494,853 | ||||
GMS, Inc.* | 22,220 | 2,162,895 | ||||
Mitsubishi Corp. (Japan) | 516,000 | 11,925,395 | ||||
Rush Enterprises, Inc. (Class A Stock) | 60,112 | 3,217,194 | ||||
SiteOne Landscape Supply, Inc.*(a) | 29,713 | 5,186,404 | ||||
Sumitomo Corp. (Japan)(a) | 541,400 | 13,041,217 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Trading Companies & Distributors (cont’d.) | ||||||
Xometry, Inc. (Class A Stock)*(a) | 29,485 | $498,002 | ||||
Yellow Cake PLC (United Kingdom), 144A* | 36,867 | 280,028 | ||||
63,274,528 | ||||||
Water Utilities — 0.0% | ||||||
California Water Service Group(a) | 29,459 | 1,369,254 | ||||
Wireless Telecommunication Services — 0.3% | ||||||
Telephone & Data Systems, Inc. | 36,905 | 591,218 | ||||
T-Mobile US, Inc.(a) | 234,829 | 38,328,789 | ||||
United States Cellular Corp.* | 13,987 | 510,526 | ||||
39,430,533 | ||||||
Total Common Stocks (cost $6,267,229,051) | 7,868,905,393 | |||||
Preferred Stocks — 0.1% | ||||||
Automobiles — 0.1% | ||||||
Dr. Ing. h.c. F. Porsche AG (Germany) (PRFC), 144A | 101,265 | 10,071,603 | ||||
Electric Utilities — 0.0% | ||||||
NextEra Energy, Inc., CVT, 6.926%, Maturing 09/01/25(a) | 23,750 | 924,587 | ||||
Total Preferred Stocks (cost $9,900,305) | 10,996,190 | |||||
Unaffiliated Fund — 0.0% | ||||||
Sprott Physical Uranium Trust (Canada)* | 13,100 | 271,275 | ||||
(cost $320,690) |
Units | |||||
Warrants* — 0.0% | |||||
Metals & Mining | |||||
Osisko Mining, Inc. (Canada), expiring 08/28/24 | 115,214 | 1 | |||
(cost $0) |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities — 0.6% | ||||||
Automobiles — 0.3% | ||||||
AmeriCredit Automobile Receivables Trust, | ||||||
Series 2020-01, Class D | ||||||
1.800% | 12/18/25 | 1,210 | 1,195,742 | |||
Series 2021-01, Class C | ||||||
0.890% | 10/19/26 | 1,154 | 1,112,904 | |||
Series 2021-02, Class C | ||||||
1.010% | 01/19/27 | 1,825 | 1,717,054 | |||
Bayview Opportunity Master Fund VII LLC, | ||||||
Series 2024-CAR01, Class A, 144A, 30 Day Average SOFR + 1.100% (Cap N/A, Floor 0.000%) | ||||||
6.570%(c) | 12/26/31 | 835 | 835,000 |
A11
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
Series 2024-CAR01, Class C, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) | |||||||
7.320%(c) | 12/26/31 | 250 | $250,000 | ||||
CarMax Auto Owner Trust, | |||||||
Series 2021-01, Class C | |||||||
0.940% | 12/15/26 | 685 | 652,946 | ||||
Series 2023-01, Class C | |||||||
5.190% | 01/16/29 | 1,815 | 1,802,313 | ||||
Series 2024-01, Class B | |||||||
5.170% | 08/15/29 | 190 | 189,771 | ||||
Carvana Auto Receivables Trust, | |||||||
Series 2021-N04, Class D | |||||||
2.300% | 09/11/28 | 2,559 | 2,477,065 | ||||
Series 2024-N01, Class A3, 144A | |||||||
5.600% | 03/10/28 | 495 | 495,168 | ||||
Series 2024-N01, Class B, 144A | |||||||
5.630% | 05/10/30 | 600 | 601,162 | ||||
Enterprise Fleet Financing LLC, | |||||||
Series 2024-01, Class A2, 144A | |||||||
5.230% | 03/20/30 | 1,000 | 998,349 | ||||
Series 2024-01, Class A3, 144A | |||||||
5.160% | 09/20/30 | 750 | 748,043 | ||||
Enterprise Fleet Funding LLC, | |||||||
Series 2021-01, Class A2, 144A | |||||||
0.440% | 12/21/26 | 9 | 9,028 | ||||
Exeter Automobile Receivables Trust, | |||||||
Series 2022-03A, Class C | |||||||
5.300% | 09/15/27 | 1,470 | 1,463,040 | ||||
Series 2023-01A, Class D | |||||||
6.690% | 06/15/29 | 250 | 253,217 | ||||
Ford Credit Auto Lease Trust, | |||||||
Series 2023-A, Class C | |||||||
5.540% | 12/15/26 | 2,780 | 2,764,168 | ||||
Series 2024-A, Class A4 | |||||||
5.050% | 06/15/27 | 315 | 313,806 | ||||
Ford Credit Auto Owner Trust, | |||||||
Series 2018-01, Class C, 144A | |||||||
3.490% | 07/15/31 | 2,090 | 2,046,362 | ||||
Series 2020-02, Class C, 144A | |||||||
1.740% | 04/15/33 | 1,610 | 1,509,390 | ||||
Series 2021-02, Class C, 144A | |||||||
2.110% | 05/15/34 | 1,425 | 1,300,177 | ||||
Series 2022-C, Class C | |||||||
5.220% | 03/15/30 | 580 | 578,739 | ||||
Series 2023-01, Class A, 144A | |||||||
4.850% | 08/15/35 | 2,585 | 2,570,195 | ||||
Hyundai Auto Lease Securitization Trust, | |||||||
Series 2024-A, Class A4, 144A | |||||||
5.070% | 02/15/28 | 390 | 388,295 | ||||
JPMorgan Chase Bank, NA, | |||||||
Series 2021-02, Class D, 144A | |||||||
1.138% | 12/26/28 | 164 | 160,835 | ||||
Nissan Auto Lease Trust, | |||||||
Series 2024-A, Class A4 | |||||||
4.970% | 09/15/28 | 420 | 417,991 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Automobiles (cont’d.) | |||||||
Octane Receivables Trust, | |||||||
Series 2023-01A, Class A, 144A | |||||||
5.870% | 05/21/29 | 263 | $263,395 | ||||
Series 2023-03A, Class B, 144A | |||||||
6.480% | 07/20/29 | 420 | 423,255 | ||||
Series 2023-03A, Class C, 144A | |||||||
6.740% | 08/20/29 | 145 | 147,002 | ||||
Series 2024-01A, Class A2, 144A | |||||||
5.680% | 05/20/30 | 715 | 715,231 | ||||
Santander Bank Auto Credit-Linked Notes, | |||||||
Series 2023-B, Class B, 144A | |||||||
5.640% | 12/15/33 | 250 | 249,923 | ||||
Santander Drive Auto Receivables Trust, | |||||||
Series 2020-04, Class E, 144A | |||||||
2.850% | 04/17/28 | 3,100 | 2,979,142 | ||||
Series 2022-06, Class B | |||||||
4.720% | 06/15/27 | 2,400 | 2,381,796 | ||||
SBNA Auto Lease Trust, | |||||||
Series 2024-A, Class A3, 144A | |||||||
5.390% | 11/20/26 | 460 | 459,971 | ||||
Series 2024-A, Class A4, 144A | |||||||
5.240% | 01/22/29 | 440 | 439,001 | ||||
SFS Auto Receivables Securitization Trust, | |||||||
Series 2024-01A, Class A4, 144A | |||||||
4.940% | 01/21/31 | 340 | 338,425 | ||||
Series 2024-01A, Class C, 144A | |||||||
5.510% | 01/20/32 | 175 | 175,632 | ||||
U.S. Bank NA, | |||||||
Series 2023-01, Class B, 144A | |||||||
6.789% | 08/25/32 | 213 | 214,357 | ||||
World Omni Auto Receivables Trust, | |||||||
Series 2023-A, Class B | |||||||
5.030% | 05/15/29 | 610 | 606,250 | ||||
36,244,140 | |||||||
Collateralized Loan Obligations — 0.2% | |||||||
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||||
Series 2015-06BR, Class A, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.190%) | |||||||
6.769%(c) | 07/20/34 | 1,755 | 1,756,294 | ||||
CBAM Ltd. (Cayman Islands), | |||||||
Series 2018-06A, Class B2R, 144A, 3 Month SOFR + 2.362% (Cap N/A, Floor 2.100%) | |||||||
7.676%(c) | 01/15/31 | 1,710 | 1,707,755 | ||||
CIFC Funding Ltd. (Cayman Islands), | |||||||
Series 2019-05A, Class A1R1, 144A, 3 Month SOFR + 1.402% (Cap N/A, Floor 1.140%) | |||||||
6.716%(c) | 01/15/35 | 3,940 | 3,940,179 | ||||
Invesco US CLO Ltd. (United Kingdom), | |||||||
Series 2023-01A, Class AR, 144A, 3 Month SOFR + 1.570% (Cap N/A, Floor 1.570%) | |||||||
6.856%(c) | 04/22/37 | 1,325 | 1,326,510 | ||||
KKR CLO Ltd. (Cayman Islands), | |||||||
Series 33A, Class A, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%) | |||||||
6.749%(c) | 07/20/34 | 820 | 818,510 |
A12
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2019-37A, Class AR, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | |||||||
6.646%(c) | 07/15/33 | 2,075 | $2,075,332 | ||||
MidOcean Credit CLO Ltd. (Cayman Islands), | |||||||
Series 2022-11A, Class A1R, 144A, 3 Month SOFR + 1.730% (Cap N/A, Floor 1.730%) | |||||||
7.096%(c) | 10/18/33 | 1,190 | 1,193,528 | ||||
Neuberger Berman CLO Ltd. (Cayman Islands), | |||||||
Series 2017-16SA, Class AR, 144A, 3 Month SOFR + 1.302% (Cap N/A, Floor 1.040%) | |||||||
6.616%(c) | 04/15/34 | 2,335 | 2,336,932 | ||||
Oaktree CLO Ltd. (Cayman Islands), | |||||||
Series 2022-02A, Class A1R, 144A, 3 Month SOFR + 1.550% (Cap N/A, Floor 1.550%) | |||||||
6.864%(c) | 07/15/33 | 2,095 | 2,096,720 | ||||
OCP CLO Ltd. (Cayman Islands), | |||||||
Series 2014-07A, Class A1RR, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 0.000%) | |||||||
6.699%(c) | 07/20/29 | 805 | 804,961 | ||||
Palmer Square CLO Ltd. (Cayman Islands), | |||||||
Series 2021-02A, Class A, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.412%) | |||||||
6.726%(c) | 07/15/34 | 1,465 | 1,466,017 | ||||
Series 2021-03A, Class A1, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.412%) | |||||||
6.726%(c) | 01/15/35 | 1,830 | 1,834,212 | ||||
21,356,950 | |||||||
Equipment — 0.0% | |||||||
Amur Equipment Finance Receivables XIII LLC, | |||||||
Series 2024-01A, Class A2, 144A | |||||||
5.380% | 01/21/31 | 1,070 | 1,069,907 | ||||
Dell Equipment Finance Trust, | |||||||
Series 2023-03, Class C, 144A | |||||||
6.170% | 04/23/29 | 315 | 319,179 | ||||
DLLST LLC, | |||||||
Series 2024-01A, Class A3, 144A | |||||||
5.050% | 08/20/27 | 505 | 502,523 | ||||
Series 2024-01A, Class A4, 144A | |||||||
4.930% | 04/22/30 | 120 | 119,005 | ||||
HPEFS Equipment Trust, | |||||||
Series 2023-02A, Class B, 144A | |||||||
6.250% | 01/21/31 | 100 | 101,082 | ||||
Series 2023-02A, Class C, 144A | |||||||
6.480% | 01/21/31 | 195 | 197,561 | ||||
Kubota Credit Owner Trust, | |||||||
Series 2023-01A, Class A4, 144A | |||||||
5.070% | 02/15/29 | 375 | 373,532 | ||||
MMAF Equipment Finance LLC, | |||||||
Series 2020-A, Class A4, 144A | |||||||
1.400% | 08/09/30 | 875 | 787,522 | ||||
Series 2024-A, Class A3, 144A | |||||||
4.950% | 07/14/31 | 1,705 | 1,699,130 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Equipment (cont’d.) | |||||||
Post Road Equipment Finance LLC, | |||||||
Series 2024-01A, Class A2, 144A | |||||||
5.590% | 11/15/29 | 350 | $349,462 | ||||
5,518,903 | |||||||
Other — 0.1% | |||||||
Applebee’s Funding LLC/IHOP Funding LLC, | |||||||
Series 2023-01A, Class A2, 144A | |||||||
7.824% | 03/05/53 | 1,090 | 1,126,854 | ||||
Driven Brands Funding LLC, | |||||||
Series 2019-01A, Class A2, 144A | |||||||
4.641% | 04/20/49 | 423 | 409,726 | ||||
Series 2020-02A, Class A2, 144A | |||||||
3.237% | 01/20/51 | 1,193 | 1,082,526 | ||||
Series 2021-01A, Class A2, 144A | |||||||
2.791% | 10/20/51 | 1,407 | 1,225,367 | ||||
Elara HGV Timeshare Issuer LLC, | |||||||
Series 2023-A, Class A, 144A | |||||||
6.160% | 02/25/38 | 783 | 794,970 | ||||
Series 2023-A, Class B, 144A | |||||||
6.530% | 02/25/38 | 400 | 405,442 | ||||
Hardee’s Funding LLC, | |||||||
Series 2021-01A, Class A2, 144A | |||||||
2.865% | 06/20/51 | 598 | 508,076 | ||||
MVW LLC, | |||||||
Series 2020-01A, Class A, 144A | |||||||
1.740% | 10/20/37 | 133 | 124,551 | ||||
Series 2021-01WA, Class B, 144A | |||||||
1.440% | 01/22/41 | 250 | 232,341 | ||||
Series 2023-01A, Class A, 144A | |||||||
4.930% | 10/20/40 | 1,422 | 1,399,937 | ||||
Series 2023-02A, Class A, 144A | |||||||
6.180% | 11/20/40 | 1,443 | 1,482,199 | ||||
Series 2023-02A, Class B, 144A | |||||||
6.330% | 11/20/40 | 311 | 317,081 | ||||
Progress Residential Trust, | |||||||
Series 2020-SFR03, Class B, 144A | |||||||
1.495% | 10/17/27 | 230 | 215,391 | ||||
SBA Tower Trust, | |||||||
Series 2014-02A, Class C, 144A | |||||||
3.869% | 10/15/49 | 1,665 | 1,645,193 | ||||
SEB Funding LLC, | |||||||
Series 2024-01A, Class A2, 144A | |||||||
7.386% | 04/30/54 | 1,925 | 1,944,701 | ||||
ServiceMaster Funding LLC, | |||||||
Series 2021-01, Class A2I, 144A | |||||||
2.865% | 07/30/51 | 1,252 | 1,106,577 | ||||
Verizon Master Trust, | |||||||
Series 2023-01, Class C | |||||||
4.980% | 01/22/29 | 715 | 705,958 | ||||
14,726,890 | |||||||
Student Loans — 0.0% | |||||||
SMB Private Education Loan Trust, | |||||||
Series 2018-A, Class A2A, 144A | |||||||
3.500% | 02/15/36 | 704 | 683,035 |
A13
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Student Loans (cont’d.) | |||||||
Series 2018-C, Class A2A, 144A | |||||||
3.630% | 11/15/35 | 519 | $503,875 | ||||
Series 2020-A, Class A2A, 144A | |||||||
2.230% | 09/15/37 | 320 | 299,853 | ||||
Series 2020-B, Class A1A, 144A | |||||||
1.290% | 07/15/53 | 453 | 412,417 | ||||
Series 2021-B, Class A, 144A | |||||||
1.310% | 07/17/51 | 1,449 | 1,313,690 | ||||
3,212,870 | |||||||
Total Asset-Backed Securities (cost $82,547,739) | 81,059,753 | ||||||
Commercial Mortgage-Backed Securities — 0.1% | |||||||
Alen Mortgage Trust, | |||||||
Series 2021-ACEN, Class A, 144A, 1 Month SOFR + 1.264% (Cap N/A, Floor 1.150%) | |||||||
6.590%(c) | 04/15/34 | 1,795 | 1,640,109 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2018-B03, Class AS | |||||||
4.195%(cc) | 04/10/51 | 770 | 717,847 | ||||
BSREP Commercial Mortgage Trust, | |||||||
Series 2021-DC, Class C, 144A, 1 Month SOFR + 1.664% (Cap N/A, Floor 1.550%) | |||||||
6.990%(c) | 08/15/38 | 1,213 | 1,031,282 | ||||
BX Commercial Mortgage Trust, | |||||||
Series 2021-VINO, Class A, 144A, 1 Month SOFR + 0.767% (Cap N/A, Floor 0.767%) | |||||||
6.092%(c) | 05/15/38 | 189 | 187,540 | ||||
Series 2022-CSMO, Class B, 144A, 1 Month SOFR + 3.141% (Cap N/A, Floor 3.141%) | |||||||
8.466%(c) | 06/15/27 | 1,835 | 1,840,161 | ||||
BX Trust, | |||||||
Series 2021-ARIA, Class B, 144A, 1 Month SOFR + 1.411% (Cap N/A, Floor 1.297%) | |||||||
6.736%(c) | 10/15/36 | 955 | 941,869 | ||||
Series 2021-MFM01, Class A, 144A, 1 Month SOFR + 0.814% (Cap N/A, Floor 0.700%) | |||||||
6.139%(c) | 01/15/34 | 188 | 187,440 | ||||
CD Mortgage Trust, | |||||||
Series 2017-CD03, Class B | |||||||
3.984%(cc) | 02/10/50 | 535 | 358,567 | ||||
CGDB Commercial Mortgage Trust, | |||||||
Series 2019-MOB, Class A, 144A, 1 Month SOFR + 1.064% (Cap N/A, Floor 0.950%) | |||||||
6.390%(c) | 11/15/36 | 247 | 243,912 | ||||
Credit Suisse Mortgage Capital Certificates, | |||||||
Series 2019-ICE04, Class A, 144A, 1 Month SOFR + 1.027% (Cap N/A, Floor 0.980%) | |||||||
6.353%(c) | 05/15/36 | 105 | 104,740 | ||||
DBUBS Mortgage Trust, | |||||||
Series 2017-BRBK, Class B, 144A | |||||||
3.530%(cc) | 10/10/34 | 1,005 | 906,765 | ||||
FREMF Mortgage Trust, | |||||||
Series 2019-K92, Class B, 144A | |||||||
4.198%(cc) | 05/25/52 | 700 | 663,108 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Great Wolf Trust, | |||||||
Series 2019-WOLF, Class B, 144A, 1 Month SOFR + 1.648% (Cap N/A, Floor 1.534%) | |||||||
6.973%(c) | 12/15/36 | 933 | $931,234 | ||||
Series 2019-WOLF, Class C, 144A, 1 Month SOFR + 1.947% (Cap N/A, Floor 1.833%) | |||||||
7.272%(c) | 12/15/36 | 867 | 865,815 | ||||
GS Mortgage Securities Corp. Trust, | |||||||
Series 2021-ROSS, Class B, 144A, 1 Month SOFR + 1.714% (Cap N/A, Floor 1.600%) | |||||||
7.040%(c) | 05/15/26 | 1,210 | 965,772 | ||||
JPMorgan Chase Commercial Mortgage Securities Trust, | |||||||
Series 2018-WPT, Class AFX, 144A | |||||||
4.248% | 07/05/33 | 647 | 598,448 | ||||
Series 2018-WPT, Class XAFX, IO, 144A | |||||||
1.116%(cc) | 07/05/33 | 1,000 | 23,905 | ||||
Series 2022-OPO, Class C, 144A | |||||||
3.450%(cc) | 01/05/39 | 1,425 | 1,147,590 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2019-MEAD, Class A, 144A | |||||||
3.170% | 11/10/36 | 440 | 415,978 | ||||
Series 2019-NUGS, Class A, 144A, 1 Month SOFR + 1.064% (Cap N/A, Floor 2.450%) | |||||||
6.390%(c) | 12/15/36 | 140 | 112,702 | ||||
NYO Commercial Mortgage Trust, | |||||||
Series 2021-1290, Class C, 144A, 1 Month SOFR + 2.109% (Cap N/A, Floor 1.995%) | |||||||
7.435%(c) | 11/15/38 | 4,595 | 4,112,990 | ||||
RLGH Trust, | |||||||
Series 2021-TROT, Class A, 144A, 1 Month SOFR + 0.914% (Cap N/A, Floor 0.800%) | |||||||
6.240%(c) | 04/15/36 | 105 | 103,803 | ||||
SCG Mortgage Trust, | |||||||
Series 2023-NASH, Class A, 144A, 1 Month SOFR + 2.391% (Cap N/A, Floor 2.391%) | |||||||
7.716%(c) | 12/15/40 | 1,660 | 1,669,337 | ||||
WB Commercial Mortgage Trust, | |||||||
Series 2024-HQ, Class A, 144A | |||||||
6.134%(cc) | 03/15/40 | 515 | 518,575 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2021-FCMT, Class A, 144A, 1 Month SOFR + 1.314% (Cap N/A, Floor 1.200%) | |||||||
6.640%(c) | 05/15/31 | 388 | 380,492 | ||||
Total Commercial Mortgage-Backed Securities (cost $22,488,001) | 20,669,981 | ||||||
Convertible Bonds — 0.0% | |||||||
Auto Manufacturers — 0.0% | |||||||
Rivian Automotive, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.625% | 03/15/29 | 726 | 586,284 |
A14
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Convertible Bonds (continued) | |||||||
Engineering & Construction — 0.0% | |||||||
HTA Group Ltd. (Tanzania), | |||||||
Gtd. Notes | |||||||
2.875% | 03/18/27 | 400 | $354,887 | ||||
Total Convertible Bonds (cost $1,167,730) | 941,171 | ||||||
Corporate Bonds — 7.4% | |||||||
Advertising — 0.1% | |||||||
Clear Channel Outdoor Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.500% | 06/01/29(a) | 1,220 | 1,009,162 | ||||
7.750% | 04/15/28(a) | 2,205 | 1,929,839 | ||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 08/15/27(a) | 1,375 | 1,297,811 | ||||
7.875% | 04/01/30 | 900 | 894,576 | ||||
9.000% | 09/15/28(a) | 1,055 | 1,098,929 | ||||
CMG Media Corp., | |||||||
Gtd. Notes, 144A | |||||||
8.875% | 12/15/27(a) | 1,465 | 962,766 | ||||
Interpublic Group of Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
4.650% | 10/01/28 | 555 | 545,520 | ||||
Lamar Media Corp., | |||||||
Gtd. Notes | |||||||
4.875% | 01/15/29(a) | 1,756 | 1,688,410 | ||||
Outfront Media Capital LLC/Outfront Media Capital Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.375% | 02/15/31 | 595 | 624,226 | ||||
Stagwell Global LLC, | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 08/15/29(a) | 4,025 | 3,658,724 | ||||
13,709,963 | |||||||
Aerospace & Defense — 0.1% | |||||||
BAE Systems PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.300% | 03/26/34 | 805 | 808,524 | ||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 02/01/28 | 260 | 239,314 | ||||
5.040% | 05/01/27 | 1,190 | 1,167,296 | ||||
L3Harris Technologies, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.050% | 06/01/29 | 785 | 782,419 | ||||
Spirit AeroSystems, Inc., | |||||||
Sec’d. Notes, 144A | |||||||
9.750% | 11/15/30(a) | 835 | 934,165 | ||||
TransDigm, Inc., | |||||||
Gtd. Notes | |||||||
5.500% | 11/15/27 | 1,385 | 1,355,835 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.625% | 03/01/32 | 1,410 | 1,424,501 | ||||
6.750% | 08/15/28 | 1,870 | 1,897,412 | ||||
6.875% | 12/15/30 | 2,884 | 2,941,863 | ||||
7.125% | 12/01/31 | 2,404 | 2,479,743 | ||||
14,031,072 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Agriculture — 0.0% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
2.259% | 03/25/28 | 410 | $365,587 | ||||
6.000% | 02/20/34 | 660 | 668,050 | ||||
6.343% | 08/02/30 | 230 | 239,438 | ||||
7.079% | 08/02/43 | 605 | 646,053 | ||||
7.081% | 08/02/53 | 1,165 | 1,257,693 | ||||
Darling Ingredients, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.000% | 06/15/30(a) | 1,625 | 1,610,969 | ||||
Philip Morris International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 02/15/30 | 810 | 810,209 | ||||
5,597,999 | |||||||
Airlines — 0.0% | |||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 04/20/29 | 875 | 858,349 | ||||
United Airlines, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 04/15/26 | 1,845 | 1,784,217 | ||||
2,642,566 | |||||||
Apparel — 0.0% | |||||||
Kontoor Brands, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 11/15/29 | 2,161 | 1,944,005 | ||||
Wolverine World Wide, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 08/15/29(a) | 303 | 243,410 | ||||
2,187,415 | |||||||
Auto Manufacturers — 0.2% | |||||||
American Honda Finance Corp., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
5.650% | 11/15/28 | 1,020 | 1,051,761 | ||||
Daimler Truck Finance North America LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 01/15/27 | 170 | 169,551 | ||||
5.125% | 01/19/28(a) | 260 | 258,000 | ||||
5.375% | 01/18/34 | 165 | 165,539 | ||||
Ford Motor Co., | |||||||
Sr. Unsec’d. Notes | |||||||
6.100% | 08/19/32 | 1,350 | 1,367,094 | ||||
9.625% | 04/22/30 | 815 | 955,543 | ||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 05/28/27 | 250 | 243,974 | ||||
6.798% | 11/07/28(a) | 385 | 401,642 | ||||
6.800% | 05/12/28 | 355 | 368,589 | ||||
7.122% | 11/07/33(a) | 375 | 403,361 | ||||
General Motors Financial Co., Inc., | |||||||
Gtd. Notes | |||||||
4.000% | 10/06/26 | 245 | 237,430 |
A15
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 05/08/27 | 1,005 | $1,008,005 | ||||
5.800% | 06/23/28 | 475 | 484,185 | ||||
Hyundai Capital America, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.250% | 01/08/27 | 420 | 419,958 | ||||
5.350% | 03/19/29 | 410 | 411,385 | ||||
5.400% | 01/08/31 | 240 | 240,819 | ||||
5.500% | 03/30/26 | 400 | 400,418 | ||||
5.600% | 03/30/28 | 775 | 783,890 | ||||
6.500% | 01/16/29 | 490 | 514,352 | ||||
Jaguar Land Rover Automotive PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 01/15/28(a) | 1,090 | 1,073,650 | ||||
Nissan Motor Acceptance Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
1.850% | 09/16/26 | 465 | 420,760 | ||||
Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC, | |||||||
Sr. Sec’d. Notes, 144A, 6 Month SOFR + 6.030% (Cap N/A, Floor 1.000%) | |||||||
11.493%(c) | 10/15/26(a) | 4,624 | 4,670,700 | ||||
Volkswagen Group of America Finance LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
3.200% | 09/26/26 | 3,330 | 3,169,625 | ||||
4.625% | 11/13/25(a) | 930 | 918,431 | ||||
4.750% | 11/13/28(a) | 890 | 877,347 | ||||
5.600% | 03/22/34 | 1,080 | 1,091,057 | ||||
22,107,066 | |||||||
Auto Parts & Equipment — 0.1% | |||||||
Adient Global Holdings Ltd., | |||||||
Gtd. Notes, 144A | |||||||
8.250% | 04/15/31(a) | 3,760 | 3,966,800 | ||||
Clarios Global LP/Clarios US Finance Co., | |||||||
Gtd. Notes, 144A | |||||||
8.500% | 05/15/27(a) | 1,775 | 1,777,698 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 05/15/28(a) | 505 | 510,358 | ||||
Dana Financing Luxembourg Sarl, | |||||||
Gtd. Notes, 144A | |||||||
8.500% | 07/15/31 | EUR | 2,143 | 2,542,549 | |||
Dana, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 09/01/30(a) | 1,320 | 1,166,313 | ||||
5.375% | 11/15/27(a) | 535 | 523,845 | ||||
Goodyear Tire & Rubber Co. (The), | |||||||
Gtd. Notes | |||||||
5.000% | 07/15/29(a) | 825 | 769,720 | ||||
5.250% | 04/30/31(a) | 1,225 | 1,125,172 | ||||
5.250% | 07/15/31(a) | 227 | 206,933 | ||||
Magna International, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
5.500% | 03/21/33(a) | 1,640 | 1,681,146 | ||||
Phinia, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 04/15/29 | 600 | 605,840 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Parts & Equipment (cont’d.) | |||||||
Tenneco, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 11/17/28 | 3,290 | $3,001,542 | ||||
ZF North America Capital, Inc. (Germany), | |||||||
Gtd. Notes, 144A | |||||||
6.875% | 04/14/28 | 255 | 264,606 | ||||
7.125% | 04/14/30 | 1,035 | 1,090,686 | ||||
19,233,208 | |||||||
Banks — 0.9% | |||||||
Banca Transilvania SA (Romania), | |||||||
Sr. Non-Preferred Notes, EMTN | |||||||
8.875%(ff) | 04/27/27 | EUR | 1,603 | 1,828,837 | |||
Banco Bilbao Vizcaya Argentaria SA (Spain), | |||||||
Sr. Non-Preferred Notes | |||||||
6.033%(ff) | 03/13/35 | 1,800 | 1,827,360 | ||||
Banco de Bogota SA (Colombia), | |||||||
Sub. Notes | |||||||
6.250% | 05/12/26 | 1,900 | 1,892,281 | ||||
Banco do Brasil SA (Brazil), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 03/18/31 | 800 | 798,600 | ||||
Banco General SA (Panama), | |||||||
Jr. Sub. Notes, 144A | |||||||
5.250%(ff) | 05/07/31(oo) | 620 | 527,471 | ||||
Banco Mercantil del Norte SA (Mexico), | |||||||
Jr. Sub. Notes | |||||||
7.625%(ff) | 01/10/28(oo) | 400 | 397,500 | ||||
8.375%(ff) | 10/14/30(oo) | 1,025 | 1,050,625 | ||||
Banco Nacional de Panama (Panama), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.500% | 08/11/30 | 2,650 | 2,057,062 | ||||
Banco Santander Chile (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.177% | 10/26/31 | 1,850 | 1,617,016 | ||||
Bancolombia SA (Colombia), | |||||||
Sub. Notes | |||||||
4.625%(ff) | 12/18/29 | 1,380 | 1,334,633 | ||||
Bangkok Bank PCL (Thailand), | |||||||
Sub. Notes, 144A | |||||||
3.466%(ff) | 09/23/36(a) | 990 | 834,649 | ||||
Bank Negara Indonesia Persero Tbk PT (Indonesia), | |||||||
Sub. Notes, EMTN | |||||||
3.750% | 03/30/26 | 1,036 | 989,704 | ||||
Bank of America Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.819%(ff) | 09/15/29(a) | 1,822 | 1,868,524 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
1.898%(ff) | 07/23/31 | 6,875 | 5,644,150 | ||||
1.922%(ff) | 10/24/31 | 3,151 | 2,569,329 | ||||
4.271%(ff) | 07/23/29 | 799 | 770,242 | ||||
Bank of New York Mellon Corp. (The), | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
5.188%(ff) | 03/14/35 | 1,125 | 1,119,967 | ||||
6.317%(ff) | 10/25/29 | 1,165 | 1,229,519 | ||||
6.474%(ff) | 10/25/34 | 1,335 | 1,453,647 |
A16
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
2.852%(ff) | 05/07/26 | 689 | $667,925 | ||||
5.304%(ff) | 08/09/26 | 506 | 503,512 | ||||
5.690%(ff) | 03/12/30(a) | 1,050 | 1,055,848 | ||||
6.036%(ff) | 03/12/55 | 200 | 208,435 | ||||
6.496%(ff) | 09/13/27 | 465 | 474,184 | ||||
6.692%(ff) | 09/13/34 | 1,885 | 2,008,310 | ||||
BBVA Bancomer SA (Mexico), | |||||||
Sub. Notes | |||||||
5.125%(ff) | 01/18/33 | 1,850 | 1,712,984 | ||||
5.875%(ff) | 09/13/34 | 850 | 802,719 | ||||
Sub. Notes, 144A | |||||||
8.125%(ff) | 01/08/39 | 710 | 734,628 | ||||
8.450%(ff) | 06/29/38 | 2,085 | 2,200,327 | ||||
BNP Paribas SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
5.497%(ff) | 05/20/30 | 1,555 | 1,557,422 | ||||
5.738%(ff) | 02/20/35 | 1,525 | 1,533,372 | ||||
Sr. Non-Preferred Notes, 144A, MTN | |||||||
3.052%(ff) | 01/13/31 | 1,675 | 1,474,734 | ||||
CaixaBank SA (Spain), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
6.037%(ff) | 06/15/35 | 1,470 | 1,480,755 | ||||
6.208%(ff) | 01/18/29 | 1,680 | 1,716,021 | ||||
6.684%(ff) | 09/13/27 | 1,175 | 1,199,969 | ||||
6.840%(ff) | 09/13/34(a) | 655 | 698,111 | ||||
Citigroup, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.106%(ff) | 04/08/26 | 2,106 | 2,053,195 | ||||
4.658%(ff) | 05/24/28 | 355 | 349,637 | ||||
5.610%(ff) | 09/29/26(a) | 1,800 | 1,803,041 | ||||
Sub. Notes | |||||||
4.450% | 09/29/27 | 370 | 359,823 | ||||
5.827%(ff) | 02/13/35 | 4,280 | 4,234,197 | ||||
Credit Suisse AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
7.500% | 02/15/28 | 325 | 350,316 | ||||
Danske Bank A/S (Denmark), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
3.244%(ff) | 12/20/25 | 865 | 845,372 | ||||
5.705%(ff) | 03/01/30 | 890 | 896,177 | ||||
Deutsche Bank AG (Germany), | |||||||
Sr. Non-Preferred Notes | |||||||
3.961%(ff) | 11/26/25 | 845 | 832,996 | ||||
Emirates NBD Bank PJSC (United Arab Emirates), | |||||||
Jr. Sub. Notes | |||||||
6.125%(ff) | 03/20/25(oo) | 1,700 | 1,693,094 | ||||
Fifth Third Bancorp, | |||||||
Sr. Unsec’d. Notes | |||||||
2.375% | 01/28/25 | 270 | 262,743 | ||||
2.550% | 05/05/27 | 150 | 138,264 | ||||
3.950% | 03/14/28 | 458 | 437,517 | ||||
5.631%(ff) | 01/29/32 | 390 | 390,584 | ||||
6.339%(ff) | 07/27/29(a) | 900 | 927,419 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Goldman Sachs Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
1.542%(ff) | 09/10/27 | 1,660 | $1,516,532 | ||||
1.948%(ff) | 10/21/27 | 2,586 | 2,377,386 | ||||
3.615%(ff) | 03/15/28(a) | 1,615 | 1,544,802 | ||||
3.691%(ff) | 06/05/28 | 2,124 | 2,032,270 | ||||
4.482%(ff) | 08/23/28(a) | 1,755 | 1,716,874 | ||||
HSBC Holdings PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
4.041%(ff) | 03/13/28 | 200 | 192,600 | ||||
4.755%(ff) | 06/09/28 | 2,780 | 2,724,847 | ||||
ING Groep NV (Netherlands), | |||||||
Sr. Unsec’d. Notes | |||||||
6.114%(ff) | 09/11/34 | 675 | 700,757 | ||||
JPMorgan Chase & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.182%(ff) | 06/01/28 | 2,135 | 1,953,932 | ||||
2.522%(ff) | 04/22/31 | 4,112 | 3,557,438 | ||||
2.739%(ff) | 10/15/30 | 1,449 | 1,283,339 | ||||
5.040%(ff) | 01/23/28 | 715 | 712,487 | ||||
5.336%(ff) | 01/23/35(a) | 655 | 657,341 | ||||
Sub. Notes | |||||||
2.956%(ff) | 05/13/31 | 2,042 | 1,787,065 | ||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes | |||||||
5.123%(ff) | 02/01/29 | 1,915 | 1,910,929 | ||||
5.173%(ff) | 01/16/30 | 1,125 | 1,126,408 | ||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.699%(ff) | 01/22/31(a) | 4,230 | 3,696,808 | ||||
Nova Kreditna Banka Maribor dd (Slovenia), | |||||||
Sr. Preferred Notes | |||||||
7.375%(ff) | 06/29/26 | EUR | 1,900 | 2,106,185 | |||
PNC Financial Services Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
5.300%(ff) | 01/21/28(a) | 370 | 370,342 | ||||
6.615%(ff) | 10/20/27 | 235 | 241,884 | ||||
Santander UK Group Holdings PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
1.532%(ff) | 08/21/26 | 3,560 | 3,355,279 | ||||
Societe Generale SA (France), | |||||||
Sr. Non-Preferred Notes, 144A | |||||||
5.519%(ff) | 01/19/28 | 2,495 | 2,477,763 | ||||
5.634%(ff) | 01/19/30 | 1,475 | 1,469,670 | ||||
Standard Chartered PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.456%(ff) | 01/14/27 | 990 | 917,916 | ||||
2.819%(ff) | 01/30/26 | 1,586 | 1,544,669 | ||||
3.971%(ff) | 03/30/26 | 1,185 | 1,163,777 | ||||
State Bank of India (India), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
5.000% | 01/17/29 | 1,140 | 1,132,519 | ||||
Toronto-Dominion Bank (The) (Canada), | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
5.523% | 07/17/28(a) | 235 | 240,069 |
A17
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
U.S. Bancorp, | |||||||
Sr. Unsec’d. Notes | |||||||
5.384%(ff) | 01/23/30(a) | 485 | $487,209 | ||||
5.678%(ff) | 01/23/35 | 815 | 823,302 | ||||
UBS AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
5.650% | 09/11/28 | 350 | 358,338 | ||||
UBS Group AG (Switzerland), | |||||||
Jr. Sub. Notes, 144A | |||||||
9.250%(ff) | 11/13/28(oo) | 200 | 216,250 | ||||
Sr. Unsec’d. Notes | |||||||
4.550% | 04/17/26 | 400 | 393,312 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
1.305%(ff) | 02/02/27 | 425 | 392,627 | ||||
1.364%(ff) | 01/30/27 | 1,035 | 957,275 | ||||
2.193%(ff) | 06/05/26 | 965 | 923,329 | ||||
2.746%(ff) | 02/11/33 | 744 | 607,099 | ||||
3.091%(ff) | 05/14/32 | 1,000 | 847,500 | ||||
5.711%(ff) | 01/12/27 | 305 | 305,977 | ||||
6.246%(ff) | 09/22/29 | 230 | 236,998 | ||||
6.301%(ff) | 09/22/34(a) | 890 | 930,992 | ||||
6.537%(ff) | 08/12/33 | 810 | 851,513 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.188%(ff) | 04/30/26 | 998 | 961,373 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.393%(ff) | 06/02/28(a) | 1,198 | 1,096,769 | ||||
2.572%(ff) | 02/11/31 | 4,218 | 3,634,536 | ||||
5.198%(ff) | 01/23/30(a) | 1,470 | 1,467,428 | ||||
125,418,462 | |||||||
Beverages — 0.0% | |||||||
Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
5.550% | 01/23/49 | 2,406 | 2,510,035 | ||||
Triton Water Holdings, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.250% | 04/01/29(a) | 1,600 | 1,457,090 | ||||
3,967,125 | |||||||
Biotechnology — 0.0% | |||||||
Amgen, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 03/02/43 | 200 | 203,299 | ||||
Building Materials — 0.1% | |||||||
Builders FirstSource, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.375% | 06/15/32 | 435 | 441,315 | ||||
6.375% | 03/01/34 | 965 | 968,704 | ||||
Carrier Global Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.493% | 02/15/27 | 255 | 237,699 | ||||
5.800% | 11/30/25 | 330 | 332,190 | ||||
Cemex SAB de CV (Mexico), | |||||||
Gtd. Notes | |||||||
5.450% | 11/19/29 | 700 | 690,156 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Building Materials (cont’d.) | |||||||
Sub. Notes | |||||||
9.125%(ff) | 03/14/28(oo) | 875 | $944,212 | ||||
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 04/01/32 | 1,065 | 1,069,481 | ||||
Summit Materials LLC/Summit Materials Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.250% | 01/15/29(a) | 1,580 | 1,537,654 | ||||
6.500% | 03/15/27 | 1,820 | 1,819,344 | ||||
7.250% | 01/15/31 | 625 | 649,381 | ||||
8,690,136 | |||||||
Chemicals — 0.1% | |||||||
Avient Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.125% | 08/01/30(a) | 1,740 | 1,785,969 | ||||
Axalta Coating Systems Dutch Holding B BV, | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 02/15/31(a) | 795 | 823,819 | ||||
Braskem Netherlands Finance BV (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 02/13/33(a) | 1,140 | 1,097,250 | ||||
8.500% | 01/12/31 | 660 | 679,140 | ||||
Celanese US Holdings LLC, | |||||||
Gtd. Notes | |||||||
6.550% | 11/15/30 | 205 | 215,849 | ||||
6.700% | 11/15/33 | 2,950 | 3,145,172 | ||||
Hanwha Totalenergies Petrochemical Co. Ltd. (South Korea), | |||||||
Sr. Unsec’d. Notes | |||||||
5.500% | 07/18/29 | 1,250 | 1,242,850 | ||||
Kobe US Midco 2, Inc., | |||||||
Sr. Unsec’d. Notes, 144A, Cash coupon 9.250% or PIK 10.000% | |||||||
9.250% | 11/01/26 | 915 | 779,991 | ||||
MEGlobal BV (Kuwait), | |||||||
Gtd. Notes, EMTN | |||||||
4.250% | 11/03/26 | 200 | 192,125 | ||||
MEGlobal Canada ULC (Kuwait), | |||||||
Gtd. Notes, 144A, MTN | |||||||
5.875% | 05/18/30 | 260 | 262,438 | ||||
Gtd. Notes, EMTN | |||||||
5.875% | 05/18/30 | 1,000 | 1,009,375 | ||||
Vibrantz Technologies, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
9.000% | 02/15/30(a) | 1,525 | 1,409,012 | ||||
Westlake Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.625% | 07/17/29 | EUR | 1,520 | 1,472,161 | |||
WR Grace Holdings LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 06/15/27 | 1,025 | 974,960 | ||||
7.375% | 03/01/31(a) | 880 | 892,892 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 08/15/29(a) | 670 | 599,734 | ||||
16,582,737 |
A18
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Commercial Services — 0.3% | |||||||
AA Bond Co. Ltd. (United Kingdom), | |||||||
Sec’d. Notes, 144A | |||||||
6.500% | 01/31/26 | GBP | 345 | $430,748 | |||
Albion Financing 1 Sarl/Aggreko Holdings, Inc. (Luxembourg), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.125% | 10/15/26(a) | 1,390 | 1,374,362 | ||||
Albion Financing 2 Sarl (Luxembourg), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
8.750% | 04/15/27 | 2,855 | 2,854,429 | ||||
Allied Universal Holdco LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.875% | 02/15/31 | 2,153 | 2,181,642 | ||||
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.625% | 07/15/26(a) | 1,955 | 1,953,814 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 06/01/29(a) | 3,420 | 2,942,828 | ||||
9.750% | 07/15/27(a) | 2,400 | 2,406,265 | ||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.625% | 06/01/28(a) | 1,240 | 1,128,859 | ||||
Autostrade per l’Italia SpA (Italy), | |||||||
Sr. Unsec’d. Notes | |||||||
2.000% | 01/15/30 | EUR | 1,255 | 1,227,091 | |||
Boost Newco Borrower LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.500% | 01/15/31 | 3,295 | 3,450,315 | ||||
DP World Crescent Ltd. (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.875% | 07/18/29 | 1,200 | 1,126,125 | ||||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.900% | 05/01/33 | 1,085 | 1,062,358 | ||||
Gartner, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 06/15/29 | 555 | 502,763 | ||||
3.750% | 10/01/30 | 320 | 286,759 | ||||
4.500% | 07/01/28 | 730 | 696,128 | ||||
International Container Terminal Services, Inc. (Philippines), | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 06/17/30 | 1,710 | 1,657,225 | ||||
Korn Ferry, | |||||||
Gtd. Notes, 144A | |||||||
4.625% | 12/15/27 | 1,080 | 1,029,494 | ||||
Mavis Tire Express Services Topco Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.500% | 05/15/29(a) | 3,725 | 3,546,871 | ||||
Neptune Bidco US, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.290% | 04/15/29 | 2,159 | 2,042,689 | ||||
Sabre GLBL, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
11.250% | 12/15/27(a) | 875 | 821,449 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Commercial Services (cont’d.) | |||||||
TransJamaican Highway Ltd. (Jamaica), | |||||||
Sr. Sec’d. Notes | |||||||
5.750% | 10/10/36 | 409 | $356,708 | ||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 10/10/36 | 422 | 368,599 | ||||
United Rentals North America, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 01/15/32(a) | 1,025 | 893,312 | ||||
Wand NewCo 3, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.625% | 01/30/32(a) | 2,725 | 2,819,663 | ||||
Williams Scotsman, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.375% | 10/01/31(a) | 1,601 | 1,663,366 | ||||
38,823,862 | |||||||
Computers — 0.0% | |||||||
Booz Allen Hamilton, Inc., | |||||||
Gtd. Notes | |||||||
5.950% | 08/04/33(a) | 535 | 553,780 | ||||
McAfee Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.375% | 02/15/30(a) | 2,210 | 2,039,022 | ||||
Presidio Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.250% | 02/01/28(a) | 1,050 | 1,047,088 | ||||
Western Digital Corp., | |||||||
Gtd. Notes | |||||||
4.750% | 02/15/26 | 855 | 836,467 | ||||
4,476,357 | |||||||
Distribution/Wholesale — 0.0% | |||||||
American Builders & Contractors Supply Co., Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.000% | 01/15/28 | 35 | 32,763 | ||||
H&E Equipment Services, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 12/15/28 | 1,735 | 1,588,395 | ||||
Ritchie Bros Holdings, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
7.750% | 03/15/31(a) | 1,541 | 1,607,718 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 03/15/28 | 410 | 417,175 | ||||
Windsor Holdings III LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.500% | 06/15/30(a) | 1,775 | 1,863,973 | ||||
5,510,024 | |||||||
Diversified Financial Services — 0.3% | |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), | |||||||
Gtd. Notes | |||||||
2.450% | 10/29/26 | 1,440 | 1,337,374 | ||||
3.300% | 01/30/32 | 990 | 848,191 | ||||
4.625% | 10/15/27(a) | 355 | 345,809 | ||||
5.100% | 01/19/29 | 565 | 561,343 |
A19
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
AG Issuer LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 03/01/28(a) | 950 | $928,392 | ||||
AG TTMT Escrow Issuer LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.625% | 09/30/27(a) | 1,885 | 1,950,915 | ||||
Aretec Group, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
10.000% | 08/15/30 | 785 | 859,022 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 04/01/29(a) | 1,370 | 1,303,813 | ||||
At Home Cayman (Cayman Islands), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
11.500% | 05/12/28 | 474 | 332,081 | ||||
Capital One Financial Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.273%(ff) | 03/01/30(a) | 770 | 693,713 | ||||
3.650% | 05/11/27 | 260 | 248,649 | ||||
3.750% | 03/09/27 | 250 | 239,985 | ||||
5.247%(ff) | 07/26/30 | 425 | 418,552 | ||||
5.468%(ff) | 02/01/29 | 800 | 798,552 | ||||
5.700%(ff) | 02/01/30(a) | 530 | 534,521 | ||||
6.051%(ff) | 02/01/35(a) | 685 | 697,887 | ||||
7.624%(ff) | 10/30/31 | 220 | 243,009 | ||||
Sub. Notes | |||||||
2.359%(ff) | 07/29/32 | 226 | 173,804 | ||||
Hightower Holding LLC, | |||||||
Gtd. Notes, 144A | |||||||
6.750% | 04/15/29 | 1,480 | 1,389,903 | ||||
Intercontinental Exchange, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.650% | 09/15/40 | 777 | 560,513 | ||||
4.350% | 06/15/29 | 625 | 609,160 | ||||
Jane Street Group/JSG Finance, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 11/15/29(a) | 2,938 | 2,721,912 | ||||
LPL Holdings, Inc., | |||||||
Gtd. Notes | |||||||
6.750% | 11/17/28 | 835 | 874,600 | ||||
Gtd. Notes, 144A | |||||||
4.375% | 05/15/31 | 255 | 232,255 | ||||
LSEGA Financing PLC (United Kingdom), | |||||||
Gtd. Notes, 144A | |||||||
2.500% | 04/06/31 | 1,365 | 1,152,086 | ||||
3.200% | 04/06/41 | 480 | 361,124 | ||||
Gtd. Notes, 144A, MTN | |||||||
2.000% | 04/06/28(a) | 1,810 | 1,615,230 | ||||
Midcap Financial Issuer Trust, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 01/15/30(a) | 1,670 | 1,441,370 | ||||
6.500% | 05/01/28 | 1,255 | 1,157,648 | ||||
Navient Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 03/15/28(a) | 1,220 | 1,134,431 | ||||
5.000% | 03/15/27(a) | 875 | 837,974 | ||||
5.500% | 03/15/29(a) | 2,170 | 2,016,979 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
6.750% | 06/15/26(a) | 1,000 | $1,008,223 | ||||
9.375% | 07/25/30 | 1,290 | 1,379,571 | ||||
11.500% | 03/15/31(a) | 1,300 | 1,448,393 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
5.625% | 08/01/33 | 492 | 406,920 | ||||
OneMain Finance Corp., | |||||||
Gtd. Notes | |||||||
3.500% | 01/15/27 | 1,050 | 974,849 | ||||
6.625% | 01/15/28(a) | 710 | 711,823 | ||||
7.875% | 03/15/30(a) | 2,195 | 2,268,763 | ||||
9.000% | 01/15/29(a) | 3,365 | 3,569,988 | ||||
Osaic Holdings, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
10.750% | 08/01/27(a) | 555 | 573,305 | ||||
PennyMac Financial Services, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.875% | 12/15/29(a) | 1,741 | 1,789,306 | ||||
United Wholesale Mortgage LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 04/15/29 | 256 | 242,261 | ||||
5.750% | 06/15/27 | 1,285 | 1,250,444 | ||||
44,244,643 | |||||||
Electric — 0.6% | |||||||
AES Andes SA (Chile), | |||||||
Jr. Sub. Notes, 144A | |||||||
6.350%(ff) | 10/07/79 | 477 | 467,460 | ||||
7.125%(ff) | 03/26/79 | 2,075 | 2,062,675 | ||||
AES Corp. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
5.450% | 06/01/28 | 384 | 383,351 | ||||
American Electric Power Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 01/15/29 | 870 | 871,992 | ||||
Appalachian Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.650% | 04/01/34 | 1,625 | 1,640,002 | ||||
Baltimore Gas & Electric Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 06/01/53 | 595 | 592,778 | ||||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 02/15/28 | 360 | 342,216 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 03/15/28(a) | 2,235 | 2,143,796 | ||||
Cometa Energia SA de CV (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.375% | 04/24/35(a) | 1,043 | 1,042,926 | ||||
Consorcio Transmantaro SA (Peru), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.700% | 04/16/34 | 500 | 470,000 | ||||
Constellation Energy Generation LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 03/01/28(a) | 590 | 601,181 |
A20
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
DTE Energy Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 06/01/28 | 235 | $232,558 | ||||
5.100% | 03/01/29 | 1,705 | 1,698,936 | ||||
Duke Energy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 08/15/52 | 1,110 | 1,006,730 | ||||
6.100% | 09/15/53 | 1,720 | 1,818,260 | ||||
Edison International, | |||||||
Sr. Unsec’d. Notes | |||||||
4.700% | 08/15/25 | 593 | 586,156 | ||||
6.950% | 11/15/29 | 225 | 241,396 | ||||
Enel Finance America LLC (Italy), | |||||||
Gtd. Notes, 144A | |||||||
7.100% | 10/14/27 | 563 | 595,775 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
6.800% | 10/14/25(a) | 320 | 325,889 | ||||
Exelon Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.150% | 03/15/28 | 235 | 235,629 | ||||
5.450% | 03/15/34(a) | 640 | 644,880 | ||||
5.600% | 03/15/53 | 1,980 | 1,977,823 | ||||
Georgia Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 05/17/33 | 1,305 | 1,287,290 | ||||
5.250% | 03/15/34 | 825 | 833,359 | ||||
Indiana Michigan Power Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 04/01/53 | 110 | 111,416 | ||||
Indianapolis Power & Light Co., | |||||||
First Mortgage, 144A | |||||||
5.700% | 04/01/54 | 405 | 406,238 | ||||
Infraestructura Energetica Nova SAPI de CV (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 01/15/51 | 925 | 704,734 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 01/14/48 | 700 | 543,813 | ||||
IPALCO Enterprises, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 04/01/34 | 685 | 682,978 | ||||
Lamar Funding Ltd. (Oman), | |||||||
Gtd. Notes | |||||||
3.958% | 05/07/25 | 2,000 | 1,955,000 | ||||
MidAmerican Energy Co., | |||||||
First Mortgage | |||||||
5.850% | 09/15/54 | 480 | 511,904 | ||||
Minejesa Capital BV (Indonesia), | |||||||
Sr. Sec’d. Notes | |||||||
5.625% | 08/10/37 | 2,850 | 2,577,469 | ||||
Mong Duong Finance Holdings BV (Vietnam), | |||||||
Sr. Sec’d. Notes | |||||||
5.125% | 05/07/29 | 323 | 308,275 | ||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 05/07/29 | 484 | 462,413 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
NextEra Energy Capital Holdings, Inc., | |||||||
Gtd. Notes | |||||||
2.440% | 01/15/32 | 1,250 | $1,033,773 | ||||
5.250% | 02/28/53 | 510 | 485,422 | ||||
5.749% | 09/01/25 | 830 | 833,742 | ||||
Niagara Mohawk Power Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.664% | 01/17/54 | 675 | 670,427 | ||||
NRG Energy, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 02/15/32(a) | 177 | 151,869 | ||||
Jr. Sub. Notes, 144A | |||||||
10.250%(ff) | 03/15/28(oo) | 411 | 439,489 | ||||
Oryx Funding Ltd. (Oman), | |||||||
Gtd. Notes | |||||||
5.800% | 02/03/31 | 800 | 799,352 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
2.100% | 08/01/27(a) | 515 | 463,756 | ||||
2.500% | 02/01/31 | 1,461 | 1,216,067 | ||||
3.300% | 12/01/27 | 265 | 246,193 | ||||
3.950% | 12/01/47 | 740 | 554,057 | ||||
4.550% | 07/01/30 | 1,691 | 1,607,754 | ||||
5.800% | 05/15/34 | 930 | 938,338 | ||||
5.900% | 06/15/32 | 235 | 239,031 | ||||
6.700% | 04/01/53 | 430 | 466,253 | ||||
6.750% | 01/15/53 | 960 | 1,047,421 | ||||
6.950% | 03/15/34(a) | 690 | 756,230 | ||||
PacifiCorp, | |||||||
First Mortgage | |||||||
5.300% | 02/15/31(a) | 1,025 | 1,028,573 | ||||
Palomino Funding Trust I, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.233% | 05/17/28 | 2,280 | 2,390,668 | ||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (Indonesia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 07/17/29 | 1,565 | 1,453,983 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
6.150% | 05/21/48 | 300 | 301,908 | ||||
PG&E Corp., | |||||||
Sr. Sec’d. Notes | |||||||
5.000% | 07/01/28(a) | 3,510 | 3,399,722 | ||||
5.250% | 07/01/30 | 2,105 | 2,006,383 | ||||
Public Service Enterprise Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.875% | 10/15/28 | 235 | 242,051 | ||||
Ruwais Power Co. PJSC (United Arab Emirates), | |||||||
Sr. Sec’d. Notes | |||||||
6.000% | 08/31/36 | 1,640 | 1,644,613 | ||||
Sempra, | |||||||
Sr. Unsec’d. Notes | |||||||
3.400% | 02/01/28 | 255 | 240,970 | ||||
3.700% | 04/01/29 | 430 | 402,190 | ||||
Southern California Edison Co., | |||||||
First Mortgage | |||||||
5.700% | 03/01/53 | 645 | 648,227 |
A21
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
First Mortgage, Series D | |||||||
4.700% | 06/01/27 | 1,015 | $1,003,747 | ||||
Southern Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 06/15/33 | 1,960 | 1,960,034 | ||||
5.700% | 03/15/34 | 1,495 | 1,542,915 | ||||
Talen Energy Supply LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.625% | 06/01/30 | 4,194 | 4,483,872 | ||||
Terraform Global Operating LP, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 03/01/26 | 2,195 | 2,162,183 | ||||
TransAlta Corp. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
7.750% | 11/15/29 | 545 | 564,756 | ||||
Vistra Corp., | |||||||
Jr. Sub. Notes, 144A | |||||||
8.000%(ff) | 10/15/26(a)(oo) | 3,616 | 3,685,162 | ||||
Jr. Sub. Notes, Series C, 144A | |||||||
8.875%(ff) | 01/15/29(oo) | 3,305 | 3,416,227 | ||||
Vistra Operations Co. LLC, | |||||||
Gtd. Notes, 144A | |||||||
7.750% | 10/15/31 | 1,920 | 2,009,565 | ||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 05/13/25 | 564 | 559,719 | ||||
6.950% | 10/15/33 | 515 | 549,496 | ||||
Xcel Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.400% | 06/01/30 | 1,515 | 1,353,781 | ||||
79,367,217 | |||||||
Electronics — 0.0% | |||||||
Sensata Technologies BV, | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 04/15/29(a) | 2,055 | 1,875,187 | ||||
5.875% | 09/01/30(a) | 1,185 | 1,155,375 | ||||
Sensata Technologies, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.750% | 02/15/31 | 1,785 | 1,544,623 | ||||
4,575,185 | |||||||
Energy-Alternate Sources — 0.0% | |||||||
Greenko Power II Ltd. (India), | |||||||
Sr. Sec’d. Notes | |||||||
4.300% | 12/13/28 | 1,305 | 1,194,075 | ||||
TerraForm Power Operating LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.750% | 01/15/30(a) | 710 | 651,611 | ||||
5.000% | 01/31/28 | 3,114 | 2,968,476 | ||||
4,814,162 | |||||||
Engineering & Construction — 0.0% | |||||||
Aeropuerto Internacional de Tocumen SA (Panama), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.000% | 08/11/41 | 560 | 412,038 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Engineering & Construction (cont’d.) | |||||||
Cellnex Finance Co. SA (Spain), | |||||||
Gtd. Notes, EMTN | |||||||
2.000% | 09/15/32 | EUR | 600 | $564,746 | |||
2.000% | 02/15/33 | EUR | 700 | 652,413 | |||
Cellnex Telecom SA (Spain), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
1.750% | 10/23/30 | EUR | 600 | 575,523 | |||
HTA Group Ltd. (Tanzania), | |||||||
Gtd. Notes, 144A | |||||||
7.000% | 12/18/25 | 870 | 868,369 | ||||
3,073,089 | |||||||
Entertainment — 0.2% | |||||||
Banijay Entertainment SASU (France), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 05/01/29 | EUR | 575 | 650,686 | |||
Caesars Entertainment, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.125% | 07/01/27(a) | 435 | 445,489 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 02/15/32(a) | 775 | 782,599 | ||||
7.000% | 02/15/30(a) | 3,985 | 4,090,946 | ||||
Cedar Fair LP, | |||||||
Gtd. Notes | |||||||
5.250% | 07/15/29(a) | 666 | 630,581 | ||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC, | |||||||
Gtd. Notes | |||||||
6.500% | 10/01/28 | 655 | 655,907 | ||||
Churchill Downs, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.750% | 05/01/31 | 1,120 | 1,127,676 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 04/01/30(a) | 3,505 | 3,381,451 | ||||
Cirsa Finance International Sarl (Spain), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.875% | 07/31/28 | EUR | 605 | 690,239 | |||
Everi Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/15/29(a) | 935 | 925,338 | ||||
International Game Technology PLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/15/26(a) | 1,920 | 1,857,600 | ||||
5.250% | 01/15/29(a) | 426 | 410,557 | ||||
Light & Wonder International, Inc., | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 11/15/29(a) | 1,560 | 1,602,058 | ||||
7.500% | 09/01/31(a) | 205 | 213,307 | ||||
Live Nation Entertainment, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.750% | 10/15/27(a) | 1,080 | 1,031,713 | ||||
Lottomatica SpA/Roma (Italy), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.125% | 06/01/28 | EUR | 665 | 756,005 |
A22
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Entertainment (cont’d.) | |||||||
Merlin Entertainments Group US Holdings, Inc. (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.375% | 02/15/31(a) | 900 | $907,418 | ||||
Merlin Entertainments Ltd. (United Kingdom), | |||||||
Sec’d. Notes, 144A | |||||||
5.750% | 06/15/26(a) | 950 | 940,500 | ||||
Motion Bondco DAC (United Kingdom), | |||||||
Gtd. Notes, 144A | |||||||
6.625% | 11/15/27(a) | 2,090 | 2,011,625 | ||||
Ontario Gaming GTA LP (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 08/01/30(a) | 625 | 643,750 | ||||
Raptor Acquisition Corp./Raptor Co-Issuer LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 11/01/26 | 670 | 644,459 | ||||
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.625% | 03/01/30(a) | 1,215 | 1,174,937 | ||||
SeaWorld Parks & Entertainment, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.250% | 08/15/29(a) | 2,940 | 2,772,739 | ||||
Six Flags Entertainment Corp., | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 05/15/31(a) | 1,519 | 1,538,022 | ||||
Vail Resorts, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.250% | 05/15/25(a) | 560 | 560,127 | ||||
Warnermedia Holdings, Inc., | |||||||
Gtd. Notes | |||||||
3.755% | 03/15/27(a) | 2,237 | 2,134,558 | ||||
WMG Acquisition Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 12/01/29(a) | 1,055 | 945,270 | ||||
33,525,557 | |||||||
Environmental Control — 0.0% | |||||||
GFL Environmental, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 01/15/31 | 525 | 538,125 | ||||
Madison IAQ LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 06/30/29(a) | 1,290 | 1,182,616 | ||||
1,720,741 | |||||||
Foods — 0.1% | |||||||
Agrosuper SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.600% | 01/20/32 | 1,500 | 1,289,063 | ||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.625% | 01/15/27 | 355 | 343,644 | ||||
B&G Foods, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 09/15/28(a) | 790 | 823,622 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Foods (cont’d.) | |||||||
Bimbo Bakeries USA, Inc. (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
5.375% | 01/09/36 | 250 | $248,769 | ||||
6.400% | 01/15/34 | 250 | 267,697 | ||||
Mars, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 04/20/33(a) | 2,460 | 2,412,667 | ||||
Post Holdings, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 02/15/32(a) | 665 | 669,636 | ||||
Sysco Corp., | |||||||
Gtd. Notes | |||||||
2.450% | 12/14/31 | 460 | 384,525 | ||||
3.150% | 12/14/51 | 2,580 | 1,769,397 | ||||
8,209,020 | |||||||
Forest Products & Paper — 0.0% | |||||||
Celulosa Arauco y Constitucion SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
5.150% | 01/29/50 | 1,500 | 1,209,844 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.200% | 01/29/30 | 1,200 | 1,095,750 | ||||
2,305,594 | |||||||
Gas — 0.0% | |||||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
9.375% | 06/01/28 | 693 | 714,159 | ||||
Boston Gas Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.119% | 07/20/53(a) | 430 | 437,927 | ||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.490% | 05/15/27 | 255 | 243,243 | ||||
5.250% | 03/30/28 | 255 | 256,926 | ||||
1,652,255 | |||||||
Hand/Machine Tools — 0.0% | |||||||
Stanley Black & Decker, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.750% | 11/15/50(a) | 459 | 271,346 | ||||
Healthcare-Products — 0.1% | |||||||
Bausch + Lomb Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.375% | 10/01/28(a) | 1,060 | 1,094,089 | ||||
Medline Borrower LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.875% | 04/01/29 | 1,150 | 1,046,782 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.250% | 10/01/29(a) | 3,645 | 3,445,278 | ||||
Medline Borrower LP/Medline Co-Issuer, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 04/01/29 | 1,440 | 1,446,492 | ||||
Revvity, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.900% | 09/15/28 | 1,129 | 983,848 |
A23
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Products (cont’d.) | |||||||
2.250% | 09/15/31 | 614 | $503,811 | ||||
3.300% | 09/15/29 | 750 | 680,905 | ||||
Sartorius Finance BV (Germany), | |||||||
Gtd. Notes | |||||||
4.875% | 09/14/35 | EUR | 1,100 | 1,276,132 | |||
Solventum Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.400% | 03/01/29 | 1,155 | 1,157,720 | ||||
5.600% | 03/23/34 | 3,065 | 3,074,663 | ||||
5.900% | 04/30/54 | 1,225 | 1,222,926 | ||||
6.000% | 05/15/64 | 1,220 | 1,209,675 | ||||
Thermo Fisher Scientific, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 01/31/34(a) | 555 | 565,828 | ||||
17,708,149 | |||||||
Healthcare-Services — 0.3% | |||||||
Acadia Healthcare Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 04/15/29(a) | 720 | 683,928 | ||||
Centene Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 10/15/30 | 4,835 | 4,144,610 | ||||
4.250% | 12/15/27 | 275 | 262,241 | ||||
4.625% | 12/15/29 | 1,520 | 1,443,236 | ||||
Charles River Laboratories International, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 03/15/31(a) | 1,160 | 1,036,229 | ||||
CHS/Community Health Systems, Inc., | |||||||
Sec’d. Notes, 144A | |||||||
6.125% | 04/01/30(a) | 655 | 471,615 | ||||
Elevance Health, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 02/15/53 | 630 | 603,291 | ||||
HCA, Inc., | |||||||
Gtd. Notes | |||||||
2.375% | 07/15/31 | 605 | 497,754 | ||||
3.125% | 03/15/27(a) | 680 | 643,059 | ||||
3.375% | 03/15/29 | 275 | 252,307 | ||||
3.500% | 09/01/30(a) | 3,035 | 2,743,140 | ||||
4.500% | 02/15/27 | 240 | 235,314 | ||||
5.375% | 09/01/26 | 1,545 | 1,544,566 | ||||
5.875% | 02/15/26 | 230 | 230,982 | ||||
HealthEquity, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 10/01/29(a) | 555 | 512,988 | ||||
Humana, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 04/01/30 | 1,033 | 1,020,081 | ||||
5.375% | 04/15/31 | 1,110 | 1,111,042 | ||||
5.750% | 04/15/54 | 460 | 462,891 | ||||
5.950% | 03/15/34 | 685 | 711,693 | ||||
IQVIA, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.500% | 05/15/30(a) | 630 | 643,023 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Healthcare-Services (cont’d.) | |||||||
Sr. Sec’d. Notes | |||||||
6.250% | 02/01/29 | 1,005 | $1,043,706 | ||||
LifePoint Health, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.875% | 08/15/30(a) | 936 | 979,027 | ||||
11.000% | 10/15/30(a) | 2,610 | 2,789,976 | ||||
Molina Healthcare, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.375% | 06/15/28 | 790 | 742,662 | ||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., | |||||||
Gtd. Notes, 144A | |||||||
9.750% | 12/01/26(a) | 1,150 | 1,152,142 | ||||
Select Medical Corp., | |||||||
Gtd. Notes, 144A | |||||||
6.250% | 08/15/26(a) | 3,305 | 3,314,757 | ||||
Star Parent, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.000% | 10/01/30(a) | 1,377 | 1,458,190 | ||||
Sutter Health, | |||||||
Unsec’d. Notes | |||||||
5.164% | 08/15/33(a) | 400 | 403,221 | ||||
Tenet Healthcare Corp., | |||||||
Gtd. Notes | |||||||
6.125% | 10/01/28(a) | 1,450 | 1,444,691 | ||||
Sr. Sec’d. Notes | |||||||
4.375% | 01/15/30 | 2,150 | 1,988,075 | ||||
5.125% | 11/01/27 | 575 | 562,236 | ||||
6.125% | 06/15/30(a) | 2,235 | 2,232,529 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 05/15/31(a) | 830 | 845,700 | ||||
UnitedHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 04/15/33(a) | 1,225 | 1,185,980 | ||||
4.900% | 04/15/31 | 1,850 | 1,851,209 | ||||
5.000% | 04/15/34 | 1,625 | 1,626,841 | ||||
5.050% | 04/15/53 | 3,170 | 3,081,838 | ||||
5.875% | 02/15/53 | 1,985 | 2,148,850 | ||||
48,105,620 | |||||||
Insurance — 0.4% | |||||||
Acrisure LLC/Acrisure Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
8.250% | 02/01/29 | 1,170 | 1,176,173 | ||||
Aflac, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 04/01/30 | 272 | 253,325 | ||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 01/15/31 | 1,645 | 1,663,369 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 11/01/29(a) | 1,845 | 1,716,739 | ||||
6.750% | 10/15/27(a) | 4,920 | 4,840,402 | ||||
AmWINS Group, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.375% | 02/15/29(a) | 1,130 | 1,135,108 |
A24
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Insurance (cont’d.) | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 06/30/29 | 1,130 | $1,054,102 | ||||
Aon Corp., | |||||||
Gtd. Notes | |||||||
2.800% | 05/15/30 | 450 | 396,802 | ||||
AssuredPartners, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 01/15/29 | 895 | 824,378 | ||||
7.500% | 02/15/32 | 2,392 | 2,350,371 | ||||
Athene Global Funding, | |||||||
Sec’d. Notes, 144A | |||||||
5.684% | 02/23/26 | 1,685 | 1,694,780 | ||||
CNO Financial Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.250% | 05/30/25 | 690 | 685,436 | ||||
Corebridge Financial, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.650% | 04/05/27 | 250 | 238,977 | ||||
3.850% | 04/05/29(a) | 1,545 | 1,445,305 | ||||
3.900% | 04/05/32(a) | 455 | 409,449 | ||||
Corebridge Global Funding, | |||||||
Sr. Sec’d. Notes, 144A, MTN | |||||||
5.200% | 01/12/29(a) | 240 | 240,426 | ||||
Equitable Holdings, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.350% | 04/20/28(a) | 4,588 | 4,446,164 | ||||
GTCR AP Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
8.000% | 05/15/27(a) | 1,995 | 1,995,074 | ||||
HUB International Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.250% | 06/15/30 | 5,460 | 5,615,689 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 12/01/29(a) | 1,465 | 1,373,836 | ||||
7.375% | 01/31/32 | 4,815 | 4,852,319 | ||||
Jones Deslauriers Insurance Management, Inc. (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.500% | 03/15/30(a) | 2,995 | 3,122,288 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
10.500% | 12/15/30 | 2,140 | 2,257,700 | ||||
Marsh & McLennan Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 11/15/30 | 592 | 504,424 | ||||
5.700% | 09/15/53 | 1,485 | 1,542,592 | ||||
Metropolitan Life Global Funding I, | |||||||
Sr. Sec’d. Notes, 144A, MTN | |||||||
5.150% | 03/28/33(a) | 705 | 705,585 | ||||
Panther Escrow Issuer LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.125% | 06/01/31 | 2,870 | 2,921,203 | ||||
Ryan Specialty LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 02/01/30(a) | 710 | 663,834 | ||||
50,125,850 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Internet — 0.1% | |||||||
Gen Digital, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.750% | 09/30/27(a) | 1,605 | $1,628,731 | ||||
7.125% | 09/30/30(a) | 2,390 | 2,455,565 | ||||
Go Daddy Operating Co. LLC/GD Finance Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.250% | 12/01/27 | 750 | 733,157 | ||||
Match Group Holdings II LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.625% | 10/01/31(a) | 2,425 | 2,061,086 | ||||
4.625% | 06/01/28(a) | 1,290 | 1,218,425 | ||||
5.000% | 12/15/27 | 615 | 590,487 | ||||
5.625% | 02/15/29(a) | 1,420 | 1,379,868 | ||||
Meta Platforms, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 05/15/53 | 1,835 | 1,939,994 | ||||
12,007,313 | |||||||
Investment Companies — 0.0% | |||||||
Gaci First Investment Co. (Saudi Arabia), | |||||||
Gtd. Notes | |||||||
4.875% | 02/14/35 | 1,260 | 1,202,513 | ||||
5.125% | 02/14/53 | 4,612 | 4,000,910 | ||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., | |||||||
Gtd. Notes | |||||||
5.250% | 05/15/27 | 475 | 440,092 | ||||
6.250% | 05/15/26 | 535 | 523,943 | ||||
6,167,458 | |||||||
Iron/Steel — 0.1% | |||||||
ATI, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.125% | 10/01/31 | 1,405 | 1,302,100 | ||||
5.875% | 12/01/27(a) | 2,255 | 2,222,184 | ||||
7.250% | 08/15/30 | 660 | 683,765 | ||||
Carpenter Technology Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.375% | 07/15/28(a) | 401 | 399,475 | ||||
7.625% | 03/15/30 | 3,460 | 3,569,702 | ||||
Mineral Resources Ltd. (Australia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
9.250% | 10/01/28 | 670 | 705,684 | ||||
POSCO (South Korea), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/17/28 | 250 | 253,359 | ||||
9,136,269 | |||||||
Leisure Time — 0.2% | |||||||
Acushnet Co., | |||||||
Gtd. Notes, 144A | |||||||
7.375% | 10/15/28 | 380 | 393,474 | ||||
Carnival Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.750% | 03/01/27 | 1,470 | 1,455,594 | ||||
6.000% | 05/01/29(a) | 95 | 93,342 | ||||
10.500% | 06/01/30(a) | 2,815 | 3,078,906 |
A25
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Leisure Time (cont’d.) | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.000% | 08/15/29 | 1,845 | $1,920,322 | ||||
Life Time, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.000% | 04/15/26(a) | 1,578 | 1,596,443 | ||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 01/15/26 | 1,650 | 1,638,438 | ||||
NCL Corp. Ltd., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 03/15/26(a) | 2,405 | 2,374,433 | ||||
Sr. Sec’d. Notes, 144A | |||||||
8.125% | 01/15/29 | 475 | 501,491 | ||||
8.375% | 02/01/28(a) | 630 | 663,856 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.750% | 02/15/29(a) | 1,390 | 1,445,600 | ||||
NCL Finance Ltd., | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 03/15/28(a) | 950 | 938,125 | ||||
Royal Caribbean Cruises Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.250% | 01/15/29 | 1,810 | 1,914,437 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.375% | 07/15/27(a) | 860 | 847,788 | ||||
5.500% | 04/01/28(a) | 570 | 562,801 | ||||
6.250% | 03/15/32 | 1,530 | 1,541,475 | ||||
20,966,525 | |||||||
Lodging — 0.1% | |||||||
Hilton Domestic Operating Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 05/01/31 | 2,790 | 2,497,840 | ||||
5.750% | 05/01/28 | 470 | 469,107 | ||||
6.125% | 04/01/32 | 935 | 938,529 | ||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., | |||||||
Gtd. Notes | |||||||
4.875% | 04/01/27 | 90 | 88,315 | ||||
Las Vegas Sands Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 08/18/26(a) | 792 | 749,982 | ||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 10/15/27 | 1,023 | 1,020,445 | ||||
Wynn Macau Ltd. (Macau), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 10/01/27(a) | 600 | 573,750 | ||||
6,337,968 | |||||||
Machinery-Diversified — 0.1% | |||||||
AGCO Corp., | |||||||
Gtd. Notes | |||||||
5.800% | 03/21/34 | 305 | 308,825 | ||||
GrafTech Global Enterprises, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.875% | 12/15/28(a) | 141 | 104,936 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Machinery-Diversified (cont’d.) | |||||||
Mueller Water Products, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 06/15/29 | 1,840 | $1,669,212 | ||||
Stevens Holding Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 10/01/26 | 180 | 178,205 | ||||
TK Elevator Holdco GmbH (Germany), | |||||||
Gtd. Notes, 144A | |||||||
7.625% | 07/15/28 | 1,705 | 1,665,324 | ||||
Sr. Unsec’d. Notes | |||||||
6.625% | 07/15/28 | EUR | 1,089 | 1,138,294 | |||
TK Elevator US Newco, Inc. (Germany), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.250% | 07/15/27 | 2,740 | 2,644,100 | ||||
7,708,896 | |||||||
Media — 0.3% | |||||||
Altice Financing SA (Luxembourg), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.000% | 01/15/28(a) | 1,305 | 1,070,100 | ||||
5.750% | 08/15/29 | 1,390 | 1,108,525 | ||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.250% | 01/15/34(a) | 750 | 566,041 | ||||
4.500% | 06/01/33 | 910 | 710,186 | ||||
6.375% | 09/01/29(a) | 1,635 | 1,552,151 | ||||
7.375% | 03/01/31(a) | 730 | 715,783 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
3.750% | 02/15/28 | 640 | 593,773 | ||||
6.484% | 10/23/45 | 419 | 388,783 | ||||
6.650% | 02/01/34(a) | 1,440 | 1,475,871 | ||||
Comcast Corp., | |||||||
Gtd. Notes | |||||||
2.650% | 02/01/30 | 3,295 | 2,931,378 | ||||
3.900% | 03/01/38 | 731 | 636,231 | ||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
6.500% | 02/01/29 | 1,577 | 1,340,450 | ||||
11.750% | 01/31/29 | 1,125 | 1,125,303 | ||||
Directv Financing LLC/Directv Financing Co-Obligor, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.875% | 08/15/27(a) | 1,595 | 1,509,074 | ||||
GCI LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 10/15/28(a) | 3,443 | 3,159,398 | ||||
Globo Comunicacao e Participacoes SA (Brazil), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 01/22/30 | 3,150 | 2,748,375 | ||||
5.500% | 01/14/32 | 1,150 | 999,063 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 01/14/32 | 600 | 521,250 | ||||
Gray Television, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.375% | 11/15/31(a) | 2,270 | 1,490,073 |
A26
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
LCPR Senior Secured Financing DAC (Puerto Rico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 07/15/29 | 2,250 | $1,878,750 | ||||
6.750% | 10/15/27 | 1,144 | 1,069,434 | ||||
Midcontinent Communications/Midcontinent Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.375% | 08/15/27 | 680 | 646,452 | ||||
Sirius XM Radio, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 09/01/31(a) | 285 | 237,533 | ||||
4.000% | 07/15/28(a) | 2,800 | 2,561,997 | ||||
4.125% | 07/01/30(a) | 1,365 | 1,193,346 | ||||
Telenet Finance Luxembourg Notes Sarl (Belgium), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.500% | 03/01/28 | 1,000 | 938,130 | ||||
Townsquare Media, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.875% | 02/01/26(a) | 84 | 81,950 | ||||
Univision Communications, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.375% | 06/30/30(a) | 495 | 489,809 | ||||
8.000% | 08/15/28 | 1,890 | 1,926,091 | ||||
Virgin Media Finance PLC (United Kingdom), | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 07/15/30 | 525 | 443,625 | ||||
Virgin Media Secured Finance PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 08/15/30(a) | 1,080 | 928,800 | ||||
5.500% | 05/15/29(a) | 690 | 636,249 | ||||
Walt Disney Co. (The), | |||||||
Gtd. Notes | |||||||
3.600% | 01/13/51(a) | 680 | 526,709 | ||||
Ziggo Bond Co. BV (Netherlands), | |||||||
Gtd. Notes, 144A | |||||||
5.125% | 02/28/30 | 810 | 688,500 | ||||
38,889,183 | |||||||
Metal Fabricate/Hardware — 0.0% | |||||||
Advanced Drainage Systems, Inc., | |||||||
Gtd. Notes, 144A | |||||||
6.375% | 06/15/30(a) | 2,550 | 2,561,916 | ||||
Mining — 0.1% | |||||||
Arsenal AIC Parent LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 10/01/30(a) | 1,014 | 1,064,414 | ||||
Unsec’d. Notes, 144A | |||||||
11.500% | 10/01/31 | 2,115 | 2,355,011 | ||||
Corp. Nacional del Cobre de Chile (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
3.625% | 08/01/27 | 690 | 651,619 | ||||
6.300% | 09/08/53 | 400 | 397,375 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.150% | 01/14/30 | 555 | 489,888 | ||||
3.700% | 01/30/50 | 245 | 168,514 | ||||
5.125% | 02/02/33 | 640 | 607,800 | ||||
6.300% | 09/08/53 | 1,360 | 1,351,075 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Mining (cont’d.) | |||||||
6.440% | 01/26/36 | 1,700 | $1,755,559 | ||||
Freeport-McMoRan, Inc., | |||||||
Gtd. Notes | |||||||
4.375% | 08/01/28 | 493 | 474,847 | ||||
5.000% | 09/01/27 | 115 | 114,168 | ||||
Hecla Mining Co., | |||||||
Gtd. Notes | |||||||
7.250% | 02/15/28 | 1,650 | 1,657,170 | ||||
Industrias Penoles SAB de CV (Mexico), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 08/06/50 | 260 | 203,613 | ||||
Novelis Corp., | |||||||
Gtd. Notes, 144A | |||||||
4.750% | 01/30/30(a) | 1,235 | 1,139,126 | ||||
12,430,179 | |||||||
Miscellaneous Manufacturing — 0.0% | |||||||
Gates Global LLC/Gates Corp., | |||||||
Gtd. Notes, 144A | |||||||
6.250% | 01/15/26(a) | 860 | 857,809 | ||||
Hillenbrand, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 03/01/31 | 2,150 | 1,861,981 | ||||
2,719,790 | |||||||
Multi-National — 0.0% | |||||||
International Bank for Reconstruction & Development (Supranational Bank), | |||||||
Sr. Unsec’d. Notes | |||||||
3.625%(s) | 03/31/27 | 1,500 | 1,369,941 | ||||
Oil & Gas — 0.7% | |||||||
Aethon United BR LP/Aethon United Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
8.250% | 02/15/26 | 2,935 | 2,970,452 | ||||
Antero Resources Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.375% | 03/01/30(a) | 840 | 806,949 | ||||
7.625% | 02/01/29 | 135 | 138,760 | ||||
Chesapeake Energy Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 02/01/29 | 475 | 470,795 | ||||
6.750% | 04/15/29 | 2,750 | 2,782,325 | ||||
Chord Energy Corp., | |||||||
Gtd. Notes, 144A | |||||||
6.375% | 06/01/26 | 960 | 963,325 | ||||
Civitas Resources, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.375% | 07/01/28 | 525 | 552,268 | ||||
8.625% | 11/01/30(a) | 585 | 628,019 | ||||
8.750% | 07/01/31(a) | 805 | 861,945 | ||||
Comstock Resources, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 01/15/30(a) | 680 | 615,846 | ||||
6.750% | 03/01/29(a) | 2,905 | 2,770,256 | ||||
Continental Resources, Inc., | |||||||
Gtd. Notes | |||||||
4.375% | 01/15/28 | 255 | 246,553 |
A27
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Cosan Luxembourg SA (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 06/27/31(a) | 950 | $965,912 | ||||
Cosan Overseas Ltd. (Brazil), | |||||||
Gtd. Notes | |||||||
8.250% | 05/05/24(oo) | 620 | 631,431 | ||||
Crescent Energy Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
9.250% | 02/15/28(a) | 2,860 | 3,020,974 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.625% | 04/01/32 | 1,495 | 1,507,409 | ||||
Diamond Foreign Asset Co./Diamond Finance LLC, | |||||||
Sec’d. Notes, 144A | |||||||
8.500% | 10/01/30 | 1,310 | 1,376,574 | ||||
Diamondback Energy, Inc., | |||||||
Gtd. Notes | |||||||
6.250% | 03/15/53 | 595 | 641,319 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.625% | 11/02/31 | 510 | 421,234 | ||||
5.875% | 05/28/45 | 360 | 267,025 | ||||
6.875% | 04/29/30 | 250 | 242,373 | ||||
8.375% | 01/19/36 | 1,150 | 1,158,625 | ||||
8.875% | 01/13/33 | 420 | 441,206 | ||||
Endeavor Energy Resources LP/EER Finance, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 01/30/28 | 1,110 | 1,118,537 | ||||
Gulfport Energy Corp., | |||||||
Gtd. Notes, 144A | |||||||
8.000% | 05/17/26 | 835 | 847,653 | ||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.750% | 02/01/29(a) | 1,440 | 1,404,483 | ||||
6.000% | 04/15/30(a) | 470 | 459,852 | ||||
6.000% | 02/01/31 | 1,290 | 1,257,191 | ||||
6.250% | 11/01/28 | 820 | 819,326 | ||||
6.250% | 04/15/32 | 455 | 448,987 | ||||
8.375% | 11/01/33 | 950 | 1,028,237 | ||||
KazMunayGas National Co. JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 04/14/33 | 2,050 | 1,705,344 | ||||
Kosmos Energy Ltd. (Ghana), | |||||||
Gtd. Notes | |||||||
7.125% | 04/04/26 | 800 | 787,250 | ||||
Leviathan Bond Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.125% | 06/30/25 | 1,875 | 1,839,000 | ||||
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
6.000% | 08/01/26 | 3,315 | 3,260,879 | ||||
Matador Resources Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.500% | 04/15/32 | 605 | 606,056 | ||||
Occidental Petroleum Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.125% | 01/01/31(a) | 1,011 | 1,046,892 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
6.375% | 09/01/28(a) | 340 | $353,861 | ||||
6.625% | 09/01/30 | 225 | 238,345 | ||||
7.500% | 05/01/31 | 905 | 1,007,625 | ||||
7.875% | 09/15/31 | 1,310 | 1,485,424 | ||||
7.950% | 06/15/39 | 265 | 312,368 | ||||
8.875% | 07/15/30 | 1,770 | 2,064,769 | ||||
Ovintiv, Inc., | |||||||
Gtd. Notes | |||||||
5.650% | 05/15/28(a) | 485 | 492,984 | ||||
Permian Resources Operating LLC, | |||||||
Gtd. Notes, 144A | |||||||
9.875% | 07/15/31 | 1,015 | 1,130,205 | ||||
Pertamina Persero PT (Indonesia), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
5.625% | 05/20/43 | 1,225 | 1,198,300 | ||||
Petroleos de Venezuela SA (Venezuela), | |||||||
Gtd. Notes | |||||||
5.375% | 04/12/27(d) | 5,490 | 499,590 | ||||
6.000% | 05/16/24(d) | 14,740 | 1,326,600 | ||||
6.000% | 11/15/26(d) | 2,756 | 250,796 | ||||
9.000% | 11/17/21(d) | 37,670 | 3,767,000 | ||||
9.750% | 05/17/35(d) | 1,091 | 122,192 | ||||
12.750% | 02/17/22(d) | 5,195 | 628,595 | ||||
Sr. Sec’d. Notes | |||||||
8.500% | 10/27/20(d) | 542 | 427,785 | ||||
Sr. Sec’d. Notes, 144A | |||||||
8.500% | 10/27/20(d) | 1,075 | 849,645 | ||||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
4.500% | 01/23/26 | 4,675 | 4,390,117 | ||||
5.625% | 01/23/46 | 500 | 300,312 | ||||
5.950% | 01/28/31 | 900 | 721,260 | ||||
6.500% | 03/13/27 | 2,325 | 2,185,523 | ||||
6.500% | 06/02/41 | 6,167 | 4,188,935 | ||||
10.000% | 02/07/33(a) | 1,500 | 1,488,600 | ||||
Gtd. Notes, MTN | |||||||
8.750% | 06/02/29 | 3,738 | 3,645,718 | ||||
Gtd. Notes, Series 2013-2 | |||||||
7.190% | 09/12/24 | MXN | 3,700 | 216,423 | |||
QatarEnergy (Qatar), | |||||||
Sr. Unsec’d. Notes | |||||||
2.250% | 07/12/31 | 600 | 502,875 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.250% | 07/12/31 | 1,330 | 1,114,706 | ||||
3.125% | 07/12/41 | 2,565 | 1,914,029 | ||||
Raizen Fuels Finance SA (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
6.450% | 03/05/34 | 390 | 398,360 | ||||
6.950% | 03/05/54(a) | 360 | 369,103 | ||||
Range Resources Corp., | |||||||
Gtd. Notes | |||||||
8.250% | 01/15/29(a) | 1,175 | 1,222,130 | ||||
Gtd. Notes, 144A | |||||||
4.750% | 02/15/30(a) | 2,035 | 1,897,761 |
A28
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Reliance Industries Ltd. (India), | |||||||
Sr. Unsec’d. Notes | |||||||
2.875% | 01/12/32(a) | 1,450 | $1,230,687 | ||||
Rockcliff Energy II LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 10/15/29 | 770 | 720,126 | ||||
Saudi Arabian Oil Co. (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.500% | 04/16/29 | 1,100 | 1,025,035 | ||||
4.250% | 04/16/39 | 4,000 | 3,501,250 | ||||
Seadrill Finance Ltd. (Norway), | |||||||
Sec’d. Notes, 144A | |||||||
8.375% | 08/01/30 | 2,528 | 2,644,541 | ||||
SilverBow Resources, Inc., | |||||||
Sec’d. Notes, 144A, 3 Month SOFR + 7.750% | |||||||
13.079%(c) | 12/15/28 | 1,570 | 1,550,770 | ||||
Southwestern Energy Co., | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/32 | 2,910 | 2,679,058 | ||||
8.375% | 09/15/28 | 910 | 944,081 | ||||
Thaioil Treasury Center Co. Ltd. (Thailand), | |||||||
Gtd. Notes, 144A, MTN | |||||||
3.500% | 10/17/49 | 610 | 415,181 | ||||
Gtd. Notes, EMTN | |||||||
3.500% | 10/17/49 | 2,925 | 1,990,828 | ||||
Transocean Aquila Ltd., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 09/30/28(a) | 578 | 591,005 | ||||
Transocean, Inc., | |||||||
Gtd. Notes, 144A | |||||||
11.500% | 01/30/27 | 398 | 414,417 | ||||
Sr. Sec’d. Notes, 144A | |||||||
8.750% | 02/15/30(a) | 1,136 | 1,179,812 | ||||
Valaris Ltd., | |||||||
Sec’d. Notes, 144A | |||||||
8.375% | 04/30/30 | 1,065 | 1,099,921 | ||||
Vermilion Energy, Inc. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.875% | 05/01/30(a) | 1,260 | 1,225,224 | ||||
103,035,134 | |||||||
Oil & Gas Services — 0.0% | |||||||
Solaris Midstream Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
7.625% | 04/01/26 | 950 | 960,441 | ||||
Packaging & Containers — 0.1% | |||||||
Ball Corp., | |||||||
Gtd. Notes | |||||||
6.000% | 06/15/29 | 775 | 782,187 | ||||
6.875% | 03/15/28 | 2,180 | 2,236,298 | ||||
Cascades, Inc./Cascades USA, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
5.125% | 01/15/26 | 870 | 852,600 | ||||
5.375% | 01/15/28 | 2,175 | 2,085,281 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Packaging & Containers (cont’d.) | |||||||
Clydesdale Acquisition Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
8.750% | 04/15/30 | 885 | $869,456 | ||||
Crown Cork & Seal Co., Inc., | |||||||
Gtd. Notes | |||||||
7.375% | 12/15/26 | 75 | 78,576 | ||||
Graphic Packaging International LLC, | |||||||
Gtd. Notes, 144A | |||||||
3.750% | 02/01/30 | 995 | 886,339 | ||||
Sealed Air Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 04/15/29(a) | 845 | 811,017 | ||||
6.875% | 07/15/33 | 400 | 417,175 | ||||
Sealed Air Corp./Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 02/01/28(a) | 440 | 441,271 | ||||
Sealed Air Corp/Sealed Air Corp. US, | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 02/15/31(a) | 720 | 749,203 | ||||
Trident TPI Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
12.750% | 12/31/28 | 375 | 400,265 | ||||
10,609,668 | |||||||
Pharmaceuticals — 0.2% | |||||||
AbbVie, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.200% | 11/21/29 | 2,765 | 2,548,328 | ||||
4.250% | 11/21/49 | 2,220 | 1,921,479 | ||||
4.500% | 05/14/35 | 1,532 | 1,473,373 | ||||
4.550% | 03/15/35 | 506 | 488,289 | ||||
4.875% | 11/14/48 | 2,030 | 1,941,951 | ||||
5.050% | 03/15/34(a) | 1,675 | 1,695,719 | ||||
5.350% | 03/15/44 | 335 | 341,573 | ||||
5.400% | 03/15/54 | 1,425 | 1,466,681 | ||||
Bayer US Finance II LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
4.250% | 12/15/25 | 1,050 | 1,024,119 | ||||
Bayer US Finance LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 11/21/26(a) | 324 | 326,799 | ||||
6.250% | 01/21/29(a) | 240 | 244,028 | ||||
6.375% | 11/21/30 | 810 | 827,819 | ||||
Becton, Dickinson & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.823% | 05/20/30(a) | 2,481 | 2,190,162 | ||||
3.700% | 06/06/27 | 975 | 936,803 | ||||
Bristol-Myers Squibb Co., | |||||||
Sr. Unsec’d. Notes | |||||||
5.100% | 02/22/31 | 630 | 635,894 | ||||
5.200% | 02/22/34(a) | 1,315 | 1,335,540 | ||||
5.550% | 02/22/54 | 535 | 550,694 | ||||
5.650% | 02/22/64 | 715 | 736,207 | ||||
6.250% | 11/15/53(a) | 825 | 929,883 |
A29
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals (cont’d.) | |||||||
CVS Health Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.050% | 03/25/48 | 854 | $774,364 | ||||
5.125% | 07/20/45 | 65 | 59,870 | ||||
5.625% | 02/21/53 | 1,230 | 1,207,740 | ||||
5.875% | 06/01/53(a) | 1,370 | 1,391,594 | ||||
Mylan, Inc., | |||||||
Gtd. Notes | |||||||
4.550% | 04/15/28 | 303 | 292,800 | ||||
Pfizer Investment Enterprises Pte Ltd., | |||||||
Gtd. Notes | |||||||
4.750% | 05/19/33(a) | 810 | 796,804 | ||||
5.300% | 05/19/53 | 795 | 790,553 | ||||
5.340% | 05/19/63 | 1,230 | 1,204,476 | ||||
Teva Pharmaceutical Finance Netherlands III BV (Israel), | |||||||
Gtd. Notes | |||||||
4.750% | 05/09/27 | 1,125 | 1,082,002 | ||||
6.750% | 03/01/28 | 935 | 953,102 | ||||
7.875% | 09/15/29 | 2,930 | 3,136,741 | ||||
8.125% | 09/15/31 | 930 | 1,015,086 | ||||
34,320,473 | |||||||
Pipelines — 0.4% | |||||||
Boardwalk Pipelines LP, | |||||||
Gtd. Notes | |||||||
3.400% | 02/15/31 | 730 | 647,530 | ||||
4.450% | 07/15/27 | 345 | 336,708 | ||||
5.950% | 06/01/26 | 3,217 | 3,246,513 | ||||
Cheniere Corpus Christi Holdings LLC, | |||||||
Sr. Sec’d. Notes | |||||||
5.125% | 06/30/27 | 764 | 762,175 | ||||
Cheniere Energy Partners LP, | |||||||
Gtd. Notes | |||||||
3.250% | 01/31/32 | 1,850 | 1,575,364 | ||||
Cheniere Energy, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.625% | 10/15/28 | 500 | 484,852 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.650% | 04/15/34 | 1,230 | 1,237,799 | ||||
Columbia Pipelines Holding Co. LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.681% | 01/15/34(a) | 1,230 | 1,222,087 | ||||
DCP Midstream Operating LP, | |||||||
Gtd. Notes | |||||||
8.125% | 08/16/30 | 580 | 665,488 | ||||
Gtd. Notes, 144A | |||||||
6.750% | 09/15/37 | 450 | 487,831 | ||||
Enbridge, Inc. (Canada), | |||||||
Gtd. Notes | |||||||
6.200% | 11/15/30 | 380 | 402,322 | ||||
6.700% | 11/15/53 | 600 | 675,295 | ||||
Energy Transfer LP, | |||||||
Gtd. Notes, 144A | |||||||
6.000% | 02/01/29 | 145 | 146,305 | ||||
7.375% | 02/01/31 | 1,000 | 1,046,989 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Sr. Unsec’d. Notes | |||||||
2.900% | 05/15/25 | 653 | $633,818 | ||||
5.550% | 02/15/28 | 1,190 | 1,206,314 | ||||
5.550% | 05/15/34(a) | 660 | 661,915 | ||||
5.950% | 05/15/54 | 440 | 439,071 | ||||
6.400% | 12/01/30 | 815 | 859,730 | ||||
6.550% | 12/01/33 | 390 | 417,930 | ||||
Kinetik Holdings LP, | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 06/15/30(a) | 5,780 | 5,652,583 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.125% | 03/01/27 | 245 | 238,810 | ||||
NGL Energy Operating LLC/NGL Energy Finance Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.125% | 02/15/29(a) | 455 | 466,043 | ||||
8.375% | 02/15/32 | 1,150 | 1,178,750 | ||||
Northriver Midstream Finance LP (Canada), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.625% | 02/15/26 | 830 | 817,550 | ||||
NuStar Logistics LP, | |||||||
Gtd. Notes | |||||||
5.625% | 04/28/27 | 530 | 524,841 | ||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
5.650% | 11/01/28 | 235 | 240,448 | ||||
5.800% | 11/01/30 | 700 | 721,429 | ||||
6.050% | 09/01/33 | 690 | 720,325 | ||||
6.625% | 09/01/53 | 1,405 | 1,549,035 | ||||
Prairie Acquiror LP, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
9.000% | 08/01/29 | 860 | 887,451 | ||||
Sabine Pass Liquefaction LLC, | |||||||
Sr. Sec’d. Notes | |||||||
4.200% | 03/15/28 | 255 | 247,044 | ||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||||
Gtd. Notes, 144A | |||||||
5.500% | 01/15/28 | 910 | 877,320 | ||||
6.000% | 03/01/27 | 1,180 | 1,161,566 | ||||
6.000% | 12/31/30 | 1,340 | 1,272,433 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.375% | 02/15/29 | 1,875 | 1,885,703 | ||||
Targa Resources Corp., | |||||||
Gtd. Notes | |||||||
6.150% | 03/01/29 | 464 | 483,804 | ||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||||
Gtd. Notes | |||||||
4.000% | 01/15/32 | 845 | 760,318 | ||||
5.000% | 01/15/28 | 240 | 236,305 | ||||
5.500% | 03/01/30 | 1,875 | 1,865,692 | ||||
6.875% | 01/15/29 | 317 | 325,909 | ||||
Venture Global Calcasieu Pass LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 08/15/31 | 1,070 | 952,886 | ||||
6.250% | 01/15/30 | 1,975 | 1,988,305 |
A30
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Venture Global LNG, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.375% | 06/01/31(a) | 3,215 | $3,318,833 | ||||
9.500% | 02/01/29 | 2,590 | 2,792,096 | ||||
Western Midstream Operating LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 03/01/28 | 245 | 236,514 | ||||
6.350% | 01/15/29 | 235 | 243,567 | ||||
Williams Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 06/15/27 | 2,130 | 2,049,547 | ||||
50,851,143 | |||||||
Private Equity — 0.0% | |||||||
HAT Holdings I LLC/HAT Holdings II LLC, | |||||||
Gtd. Notes, 144A | |||||||
6.000% | 04/15/25(a) | 745 | 741,447 | ||||
8.000% | 06/15/27(a) | 1,097 | 1,145,067 | ||||
1,886,514 | |||||||
Real Estate — 0.0% | |||||||
Cushman & Wakefield US Borrower LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 05/15/28(a) | 1,130 | 1,115,923 | ||||
Howard Hughes Corp. (The), | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 02/01/29(a) | 615 | 552,879 | ||||
5.375% | 08/01/28 | 1,100 | 1,056,308 | ||||
2,725,110 | |||||||
Real Estate Investment Trusts (REITs) — 0.2% | |||||||
Alexandria Real Estate Equities, Inc., | |||||||
Gtd. Notes | |||||||
5.250% | 05/15/36 | 190 | 186,333 | ||||
American Tower Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.200% | 02/15/29(a) | 450 | 450,084 | ||||
5.250% | 07/15/28 | 240 | 240,102 | ||||
5.450% | 02/15/34(a) | 1,310 | 1,313,614 | ||||
Apollo Commercial Real Estate Finance, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.625% | 06/15/29 | 930 | 783,842 | ||||
Brixmor Operating Partnership LP, | |||||||
Sr. Unsec’d. Notes | |||||||
3.850% | 02/01/25 | 885 | 869,861 | ||||
3.900% | 03/15/27 | 2,823 | 2,708,809 | ||||
4.050% | 07/01/30 | 394 | 366,056 | ||||
4.125% | 06/15/26 | 1,643 | 1,599,558 | ||||
4.125% | 05/15/29 | 1,764 | 1,663,523 | ||||
Crown Castle, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.100% | 04/01/31 | 610 | 493,461 | ||||
2.500% | 07/15/31 | 340 | 281,346 | ||||
5.600% | 06/01/29 | 955 | 967,407 | ||||
5.800% | 03/01/34(a) | 620 | 634,724 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||||
GLP Capital LP/GLP Financing II, Inc., | |||||||
Gtd. Notes | |||||||
3.350% | 09/01/24 | 463 | $458,459 | ||||
Healthcare Realty Holdings LP, | |||||||
Gtd. Notes | |||||||
2.050% | 03/15/31 | 660 | 509,176 | ||||
Healthpeak OP LLC, | |||||||
Gtd. Notes | |||||||
2.875% | 01/15/31(a) | 245 | 210,538 | ||||
3.500% | 07/15/29 | 284 | 262,895 | ||||
Invitation Homes Operating Partnership LP, | |||||||
Gtd. Notes | |||||||
5.450% | 08/15/30(a) | 321 | 322,005 | ||||
Kilroy Realty LP, | |||||||
Gtd. Notes | |||||||
4.375% | 10/01/25 | 1,669 | 1,634,062 | ||||
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., | |||||||
Gtd. Notes | |||||||
5.750% | 02/01/27(a) | 695 | 692,476 | ||||
MPT Operating Partnership LP/MPT Finance Corp., | |||||||
Gtd. Notes | |||||||
5.000% | 10/15/27(a) | 1,730 | 1,460,352 | ||||
Necessity Retail REIT, Inc. (The)/American Finance Operating Partner LP, | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 09/30/28 | 2,090 | 1,789,243 | ||||
SBA Communications Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 02/15/27(a) | 1,425 | 1,357,435 | ||||
SBA Tower Trust, | |||||||
Asset-Backed, 144A | |||||||
1.631% | 05/15/51 | 670 | 606,238 | ||||
2.836% | 01/15/50 | 1,375 | 1,342,035 | ||||
Service Properties Trust, | |||||||
Gtd. Notes | |||||||
7.500% | 09/15/25(a) | 833 | 843,661 | ||||
Sr. Sec’d. Notes, 144A | |||||||
8.625% | 11/15/31 | 2,385 | 2,545,612 | ||||
26,592,907 | |||||||
Retail — 0.1% | |||||||
At Home Group, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 07/15/28 | 1,595 | 749,405 | ||||
Sr. Sec’d. Notes, 144A, Cash coupon 7.125% or PIK 8.625% | |||||||
7.125% | 05/12/28 | 1,021 | 439,914 | ||||
Bath & Body Works, Inc., | |||||||
Gtd. Notes | |||||||
6.694% | 01/15/27 | 980 | 1,000,190 | ||||
Gtd. Notes, 144A | |||||||
6.625% | 10/01/30(a) | 775 | 793,014 | ||||
9.375% | 07/01/25 | 701 | 731,132 | ||||
Beacon Roofing Supply, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 08/01/30(a) | 685 | 695,466 |
A31
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Retail (cont’d.) | |||||||
Dave & Buster’s, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.625% | 11/01/25 | 1,650 | $1,662,944 | ||||
Dollar General Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 04/15/27 | 250 | 241,402 | ||||
5.450% | 07/05/33(a) | 1,235 | 1,239,306 | ||||
eG Global Finance PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
12.000% | 11/30/28 | 985 | 1,045,331 | ||||
Ferrellgas LP/Ferrellgas Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.375% | 04/01/26 | 503 | 492,096 | ||||
Global Auto Holdings Ltd./AAG FH UK Ltd. (United Kingdom), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
8.375% | 01/15/29 | 600 | 584,730 | ||||
8.750% | 01/15/32 | 1,505 | 1,456,088 | ||||
Lowe’s Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 04/01/52 | 326 | 267,038 | ||||
5.625% | 04/15/53 | 450 | 453,659 | ||||
5.750% | 07/01/53 | 445 | 459,311 | ||||
McDonald’s Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.450% | 08/14/53 | 3,050 | 3,087,494 | ||||
Papa John’s International, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 09/15/29(a) | 912 | 809,372 | ||||
Ross Stores, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.875% | 04/15/31(a) | 1,746 | 1,429,789 | ||||
Yum! Brands, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.350% | 11/01/43 | 1,189 | 1,141,626 | ||||
5.375% | 04/01/32(a) | 1,165 | 1,128,594 | ||||
6.875% | 11/15/37 | 284 | 312,496 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/15/30 | 405 | 384,227 | ||||
20,604,624 | |||||||
Semiconductors — 0.1% | |||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., | |||||||
Gtd. Notes | |||||||
3.875% | 01/15/27(a) | 245 | 237,440 | ||||
Broadcom, Inc., | |||||||
Gtd. Notes, 144A | |||||||
2.600% | 02/15/33 | 873 | 708,165 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.419% | 04/15/33 | 1,225 | 1,060,489 | ||||
Entegris, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.950% | 06/15/30 | 2,550 | 2,520,670 | ||||
Micron Technology, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.185% | 02/15/27 | 365 | 355,831 | ||||
4.663% | 02/15/30(a) | 1,395 | 1,363,603 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Semiconductors (cont’d.) | |||||||
5.300% | 01/15/31 | 456 | $458,921 | ||||
6.750% | 11/01/29 | 835 | 896,154 | ||||
7,601,273 | |||||||
Software — 0.3% | |||||||
AthenaHealth Group, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.500% | 02/15/30(a) | 3,505 | 3,209,317 | ||||
Boxer Parent Co., Inc., | |||||||
Sec’d. Notes, 144A | |||||||
9.125% | 03/01/26(a) | 2,246 | 2,249,192 | ||||
Sr. Sec’d. Notes, 144A | |||||||
7.125% | 10/02/25 | 310 | 310,125 | ||||
Capstone Borrower, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 06/15/30 | 1,805 | 1,871,808 | ||||
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.000% | 06/15/29 | 825 | 854,559 | ||||
Central Parent, Inc./CDK Global, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.250% | 06/15/29(a) | 2,465 | 2,518,203 | ||||
Cloud Software Group, Inc., | |||||||
Sec’d. Notes, 144A | |||||||
9.000% | 09/30/29 | 6,780 | 6,505,405 | ||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 03/31/29 | 3,515 | 3,337,818 | ||||
Fair Isaac Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.000% | 06/15/28 | 4,150 | 3,878,285 | ||||
Fiserv, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.200% | 10/01/28 | 250 | 241,330 | ||||
MSCI, Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.250% | 08/15/33 | 2,120 | 1,749,097 | ||||
3.625% | 09/01/30 | 275 | 243,967 | ||||
4.000% | 11/15/29 | 520 | 481,846 | ||||
Oracle Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.900% | 02/06/33 | 1,220 | 1,194,217 | ||||
ROBLOX Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.875% | 05/01/30(a) | 890 | 784,245 | ||||
Twilio, Inc., | |||||||
Gtd. Notes | |||||||
3.625% | 03/15/29(a) | 925 | 832,106 | ||||
3.875% | 03/15/31(a) | 1,720 | 1,503,211 | ||||
UKG, Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.875% | 02/01/31(a) | 6,090 | 6,205,741 | ||||
37,970,472 |
A32
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications — 0.3% | |||||||
Altice France Holding SA (Luxembourg), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.000% | 02/15/28 | 2,040 | $581,400 | ||||
10.500% | 05/15/27 | 4,380 | 1,637,025 | ||||
Altice France SA (France), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 07/15/29(a) | 2,120 | 1,428,350 | ||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 09/15/53 | 816 | 576,483 | ||||
C&W Senior Finance Ltd. (Puerto Rico), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.875% | 09/15/27 | 2,070 | 1,961,325 | ||||
Connect Finco Sarl/Connect US Finco LLC (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 10/01/26 | 2,075 | 2,033,500 | ||||
Crown Castle Towers LLC, | |||||||
Asset-Backed, 144A | |||||||
3.663% | 05/15/45 | 1,575 | 1,539,909 | ||||
Globe Telecom, Inc. (Philippines), | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 07/23/35 | 2,300 | 1,791,125 | ||||
Hughes Satellite Systems Corp., | |||||||
Gtd. Notes | |||||||
6.625% | 08/01/26(a) | 491 | 289,358 | ||||
Iliad Holding SASU (France), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 10/15/26 | 1,010 | 996,971 | ||||
Intelsat Jackson Holdings SA (Luxembourg), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 03/15/30 | 1,245 | 1,155,696 | ||||
Motorola Solutions, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 04/15/29 | 495 | 492,866 | ||||
5.400% | 04/15/34 | 575 | 573,902 | ||||
Ooredoo International Finance Ltd. (Qatar), | |||||||
Gtd. Notes, 144A, MTN | |||||||
2.625% | 04/08/31 | 1,095 | 941,371 | ||||
Oztel Holdings SPC Ltd. (Oman), | |||||||
Sr. Sec’d. Notes | |||||||
6.625% | 04/24/28 | 507 | 521,418 | ||||
Rogers Communications, Inc. (Canada), | |||||||
Gtd. Notes | |||||||
3.200% | 03/15/27 | 800 | 759,006 | ||||
3.800% | 03/15/32 | 850 | 762,565 | ||||
4.350% | 05/01/49 | 105 | 85,562 | ||||
4.550% | 03/15/52 | 2,650 | 2,230,060 | ||||
5.000% | 02/15/29 | 1,775 | 1,762,492 | ||||
5.300% | 02/15/34(a) | 1,535 | 1,518,621 | ||||
Sable International Finance Ltd. (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.750% | 09/07/27 | 950 | 912,561 | ||||
Sprint Capital Corp., | |||||||
Gtd. Notes | |||||||
6.875% | 11/15/28 | 3,565 | 3,794,899 | ||||
8.750% | 03/15/32 | 1,170 | 1,417,583 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
Telefonica Celular del Paraguay SA (Paraguay), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 04/15/27 | 1,240 | $1,209,387 | ||||
Telesat Canada/Telesat LLC (Canada), | |||||||
Gtd. Notes, 144A | |||||||
6.500% | 10/15/27 | 1,200 | 504,000 | ||||
T-Mobile USA, Inc., | |||||||
Gtd. Notes | |||||||
3.875% | 04/15/30 | 5,415 | 5,075,925 | ||||
5.750% | 01/15/54(a) | 3,500 | 3,618,933 | ||||
6.000% | 06/15/54(a) | 510 | 545,070 | ||||
United States Cellular Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
6.700% | 12/15/33(a) | 1,790 | 1,754,132 | ||||
Viasat, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 05/30/31(a) | 1,500 | 1,088,678 | ||||
Vmed O2 UK Financing I PLC (United Kingdom), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.750% | 07/15/31(a) | 4,770 | 4,102,248 | ||||
47,662,421 | |||||||
Toys/Games/Hobbies — 0.0% | |||||||
Mattel, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.875% | 12/15/27 | 1,205 | 1,208,961 | ||||
Transportation — 0.1% | |||||||
Empresa de los Ferrocarriles del Estado (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
3.068% | 08/18/50 | 1,770 | 1,071,408 | ||||
Empresa de Transporte de Pasajeros Metro SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.693% | 09/13/61 | 525 | 350,437 | ||||
4.700% | 05/07/50 | 1,545 | 1,272,211 | ||||
Lima Metro Line 2 Finance Ltd. (Peru), | |||||||
Sr. Sec’d. Notes | |||||||
5.875% | 07/05/34(a) | 393 | 390,010 | ||||
Transnet SOC Ltd. (South Africa), | |||||||
Sr. Unsec’d. Notes | |||||||
8.250% | 02/06/28 | 1,010 | 1,005,897 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
8.250% | 02/06/28 | 1,305 | 1,299,698 | ||||
Watco Cos. LLC/Watco Finance Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.500% | 06/15/27 | 865 | 854,656 | ||||
6,244,317 | |||||||
Water — 0.0% | |||||||
Manila Water Co., Inc. (Philippines), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 07/30/30(a) | 2,100 | 1,967,438 | ||||
Total Corporate Bonds (cost $1,106,350,441) | 1,057,416,053 |
A33
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bond — 0.0% | |||||||
Pennsylvania | |||||||
Pocono Mountains Industrial Park Authority, | |||||||
Taxable, Revenue Bonds | |||||||
5.050% | 08/15/49 | 75 | $67,205 | ||||
(cost $75,000) | |||||||
Residential Mortgage-Backed Securities — 0.1% | |||||||
Angel Oak Mortgage Trust, | |||||||
Series 2021-01, Class A2, 144A | |||||||
1.115%(cc) | 01/25/66 | 583 | 492,133 | ||||
Series 2021-03, Class A1, 144A | |||||||
1.068%(cc) | 05/25/66 | 570 | 479,218 | ||||
CIM Trust, | |||||||
Series 2021-INV01, Class A29, 144A | |||||||
2.500%(cc) | 07/01/51 | 1,140 | 902,561 | ||||
Citigroup Mortgage Loan Trust, Inc., | |||||||
Series 2020-EXP02, Class A3, 144A | |||||||
2.500%(cc) | 08/25/50 | 846 | 710,590 | ||||
Credit Suisse Mortgage Trust, | |||||||
Series 2014-03R, Class 2A1, 144A, 1 Month SOFR + 0.814% (Cap 7.000%, Floor 0.700%) | |||||||
0.000%(c) | 05/27/37 | 65 | 63,092 | ||||
Fannie Mae Connecticut Avenue Securities, | |||||||
Series 2017-C06, Class 2ED1, 30 Day Average SOFR + 1.114% (Cap N/A, Floor 1.000%) | |||||||
6.435%(c) | 02/25/30 | 6 | 5,591 | ||||
Fannie Mae Interest Strips, | |||||||
Series 319, Class 2, IO | |||||||
6.500% | 02/25/32 | —(r) | 59 | ||||
FHLMC Whole Loan Securities Trust, | |||||||
Series 2017-SC01, Class M1, 144A | |||||||
3.645%(cc) | 12/25/46 | 308 | 297,974 | ||||
Flagstar Mortgage Trust, | |||||||
Series 2018-03INV, Class B3, 144A | |||||||
4.455%(cc) | 05/25/48 | 2,634 | 2,342,984 | ||||
Freddie Mac REMIC, | |||||||
Series 4977, Class IO, IO | |||||||
4.500% | 05/25/50 | 523 | 103,537 | ||||
Galton Funding Mortgage Trust, | |||||||
Series 2018-01, Class A23, 144A | |||||||
3.500%(cc) | 11/25/57 | 107 | 95,763 | ||||
Series 2018-02, Class A22, 144A | |||||||
4.000%(cc) | 10/25/58 | 97 | 89,148 | ||||
Government National Mortgage Assoc., | |||||||
Series 2013-24, Class OI, IO | |||||||
4.000% | 02/20/43 | 81 | 8,549 | ||||
Series 2013-82, Class IG, IO | |||||||
3.500% | 05/20/43 | 251 | 38,688 | ||||
Series 2018-08, Class DA | |||||||
3.000% | 11/20/47 | 79 | 71,244 | ||||
Series 2022-63, Class LM | |||||||
3.500% | 10/20/50 | 715 | 594,834 | ||||
GS Mortgage-Backed Securities Trust, | |||||||
Series 2014-EB01A, Class 2A1, 144A | |||||||
5.133%(cc) | 07/25/44 | 12 | 11,863 | ||||
Series 2020-INV01, Class A14, 144A | |||||||
2.925%(cc) | 10/25/50 | 649 | 546,982 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2021-GR01, Class A4, 144A | |||||||
2.500%(cc) | 11/25/51 | 879 | $695,958 | ||||
Series 2021-GR02, Class A4, 144A | |||||||
2.500%(cc) | 02/25/52 | 917 | 725,664 | ||||
JPMorgan Mortgage Trust, | |||||||
Series 2019-INV03, Class A3, 144A | |||||||
3.500%(cc) | 05/25/50 | 256 | 228,444 | ||||
Series 2020-INV01, Class A11, 144A, 1 Month SOFR + 0.944% (Cap 6.000%, Floor 0.000%) | |||||||
6.000%(c) | 08/25/50 | 131 | 124,174 | ||||
Series 2020-INV01, Class A3, 144A | |||||||
3.500%(cc) | 08/25/50 | 217 | 190,633 | ||||
Series 2020-INV02, Class A13, 144A | |||||||
3.000%(cc) | 10/25/50 | 290 | 245,128 | ||||
Series 2020-LTV01, Class A3, 144A | |||||||
3.500%(cc) | 06/25/50 | 37 | 35,826 | ||||
Morgan Stanley Residential Mortgage Loan Trust, | |||||||
Series 2023-NQM01, Class A2, 144A | |||||||
7.530% | 09/25/68 | 403 | 409,586 | ||||
OBX Trust, | |||||||
Series 2023-NQM09, Class A2, 144A | |||||||
7.513% | 10/25/63 | 108 | 109,486 | ||||
Sequoia Mortgage Trust, | |||||||
Series 2017-05, Class B1, 144A | |||||||
3.782%(cc) | 08/25/47 | 655 | 593,345 | ||||
Series 2018-CH01, Class A2, 144A | |||||||
3.500%(cc) | 03/25/48 | 29 | 26,176 | ||||
Series 2018-CH02, Class A3, 144A | |||||||
4.000%(cc) | 06/25/48 | 232 | 213,933 | ||||
SG Residential Mortgage Trust, | |||||||
Series 2019-03, Class A1, 144A | |||||||
2.703%(cc) | 09/25/59 | 16 | 15,460 | ||||
Starwood Mortgage Residential Trust, | |||||||
Series 2020-INV01, Class A1, 144A | |||||||
1.027%(cc) | 11/25/55 | 446 | 410,513 | ||||
Towd Point Mortgage Trust, | |||||||
Series 2019-01, Class A1, 144A | |||||||
3.750%(cc) | 03/25/58 | 60 | 57,040 | ||||
UWM Mortgage Trust, | |||||||
Series 2021-INV01, Class A15, 144A | |||||||
2.500%(cc) | 08/25/51 | 2,228 | 1,763,883 | ||||
Series 2021-INV02, Class A15, 144A | |||||||
2.500%(cc) | 09/25/51 | 904 | 715,787 | ||||
Verus Securitization Trust, | |||||||
Series 2019-04, Class A3, 144A | |||||||
4.000%(cc) | 11/25/59 | 197 | 191,036 | ||||
Series 2019-INV03, Class A1, 144A | |||||||
3.692%(cc) | 11/25/59 | 181 | 175,511 | ||||
Series 2020-INV01, Class A1, 144A | |||||||
1.977%(cc) | 03/25/60 | 6 | 5,691 | ||||
Series 2020-INV01, Class A3, 144A | |||||||
3.889%(cc) | 03/25/60 | 220 | 213,635 | ||||
Series 2021-01, Class A3, 144A | |||||||
1.155%(cc) | 01/25/66 | 279 | 244,298 | ||||
Series 2021-05, Class A2, 144A | |||||||
1.218%(cc) | 09/25/66 | 517 | 428,794 |
A34
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Residential Mortgage-Backed Securities (continued) | |||||||
Series 2021-07, Class A1, 144A | |||||||
1.829%(cc) | 10/25/66 | 2,822 | $2,441,342 | ||||
Vista Point Securitization Trust, | |||||||
Series 2020-02, Class A1, 144A | |||||||
1.475%(cc) | 04/25/65 | 587 | 535,209 | ||||
Total Residential Mortgage-Backed Securities (cost $20,826,847) | 17,651,362 | ||||||
Sovereign Bonds — 2.3% | |||||||
Albania Government International Bond (Albania), | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 11/23/31 | EUR | 1,965 | 1,907,713 | |||
5.900% | 06/09/28 | EUR | 150 | 166,126 | |||
Sr. Unsec’d. Notes, 144A | |||||||
3.500% | 11/23/31 | EUR | 2,325 | 2,257,218 | |||
5.900% | 06/09/28 | EUR | 1,730 | 1,915,987 | |||
Angolan Government International Bond (Angola), | |||||||
Sr. Unsec’d. Notes | |||||||
8.250% | 05/09/28 | 5,360 | 5,164,025 | ||||
8.750% | 04/14/32 | 720 | 662,400 | ||||
9.375% | 05/08/48 | 1,175 | 1,013,805 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
8.000% | 11/26/29 | 6,955 | 6,483,364 | ||||
9.125% | 11/26/49 | 2,100 | 1,779,094 | ||||
Argentine Republic Government International Bond (Argentina), | |||||||
Sr. Unsec’d. Notes | |||||||
0.750%(cc) | 07/09/30 | 3,785 | 1,964,652 | ||||
3.625%(cc) | 07/09/35 | 6,626 | 2,743,069 | ||||
4.250%(cc) | 01/09/38 | 4,310 | 1,995,502 | ||||
Bahamas Government International Bond (Bahamas), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.000% | 11/21/28 | 3,490 | 3,122,459 | ||||
Bahrain Government International Bond (Bahrain), | |||||||
Sr. Unsec’d. Notes | |||||||
6.750% | 09/20/29 | 1,760 | 1,776,500 | ||||
7.000% | 10/12/28 | 3,310 | 3,411,369 | ||||
7.500% | 09/20/47 | 1,600 | 1,532,500 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
5.625% | 05/18/34 | 1,430 | 1,290,128 | ||||
Barbados Government International Bond (Barbados), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.500% | 10/01/29 | 1,509 | 1,430,721 | ||||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 07/15/32 | 2,400 | 2,316,750 | ||||
Brazil Notas do Tesouro Nacional (Brazil), | |||||||
Notes, Series NTNF | |||||||
10.000% | 01/01/29 | BRL | 3,625 | 706,445 | |||
10.000% | 01/01/31 | BRL | 19,501 | 3,728,894 | |||
Brazilian Government International Bond (Brazil), | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 01/07/41 | 1,040 | 937,505 | ||||
6.125% | 03/15/34 | 1,410 | 1,395,195 | ||||
6.250% | 03/18/31 | 500 | 509,250 | ||||
7.125% | 05/13/54 | 490 | 493,920 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Bulgaria Government International Bond (Bulgaria), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 05/13/36 | EUR | 275 | $322,365 | |||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 01/27/33 | EUR | 1,730 | 1,985,394 | |||
Chile Government International Bond (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
3.250% | 09/21/71 | 1,450 | 916,219 | ||||
3.500% | 01/31/34 | 380 | 333,309 | ||||
4.000% | 01/31/52 | 430 | 339,834 | ||||
4.950% | 01/05/36 | 830 | 803,803 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 01/30/30 | 1,621 | 1,341,377 | ||||
3.125% | 04/15/31 | 2,900 | 2,312,750 | ||||
4.125% | 05/15/51 | 1,125 | 699,188 | ||||
5.000% | 06/15/45 | 5,770 | 4,174,595 | ||||
5.625% | 02/26/44 | 550 | 436,425 | ||||
6.125% | 01/18/41 | 465 | 401,063 | ||||
8.000% | 11/14/35 | 660 | 693,000 | ||||
8.750% | 11/14/53 | 620 | 672,390 | ||||
Colombian TES (Colombia), | |||||||
Bonds, Series B | |||||||
7.000% | 03/26/31 | COP | 5,751,200 | 1,278,685 | |||
Costa Rica Government International Bond (Costa Rica), | |||||||
Sr. Unsec’d. Notes | |||||||
5.625% | 04/30/43 | 1,100 | 993,438 | ||||
Unsec’d. Notes, 144A | |||||||
7.300% | 11/13/54 | 2,980 | 3,167,181 | ||||
Dominican Republic International Bond (Dominican Republic), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 09/23/32 | 3,705 | 3,321,764 | ||||
5.875% | 01/30/60 | 685 | 582,464 | ||||
6.850% | 01/27/45 | 3,500 | 3,459,750 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 09/23/32 | 7,665 | 6,872,152 | ||||
7.050% | 02/03/31 | 200 | 207,125 | ||||
Ecuador Government International Bond (Ecuador), | |||||||
Sr. Unsec’d. Notes | |||||||
3.500%(cc) | 07/31/35 | 1,250 | 655,000 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.771%(s) | 07/31/30 | 847 | 417,405 | ||||
6.000%(cc) | 07/31/30 | 6,751 | 4,570,826 | ||||
Egypt Government International Bond (Egypt), | |||||||
Sr. Unsec’d. Notes | |||||||
5.800% | 09/30/27 | 1,809 | 1,632,622 | ||||
6.588% | 02/21/28 | 230 | 210,091 | ||||
7.500% | 01/31/27 | 1,467 | 1,412,904 | ||||
7.625% | 05/29/32 | 1,081 | 921,890 | ||||
8.500% | 01/31/47 | 5,670 | 4,500,562 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
7.600% | 03/01/29 | 485 | 447,716 | ||||
8.500% | 01/31/47 | 2,545 | 2,020,094 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
5.875% | 02/16/31 | 945 | 756,000 | ||||
7.500% | 02/16/61 | 1,325 | 950,688 | ||||
7.600% | 03/01/29 | 550 | 507,719 |
A35
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
El Salvador Government International Bond (El Salvador), | |||||||
Sr. Unsec’d. Notes | |||||||
5.875% | 01/30/25 | 1,925 | $1,838,977 | ||||
7.650% | 06/15/35 | 1,655 | 1,260,282 | ||||
Emirate of Dubai Government International Bonds (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.900% | 09/09/50 | 295 | 218,577 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.250% | 01/13/31 | 1,225 | 1,011,773 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
2.250% | 01/13/31 | 2,400 | 1,982,250 | ||||
3.250% | 01/15/30 | 7,200 | 6,462,000 | ||||
Export-Import Bank of Korea (South Korea), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 01/11/28 | 460 | 464,986 | ||||
5.125% | 01/11/33 | 400 | 407,400 | ||||
Ghana Government International Bond (Ghana), | |||||||
Bank Gtd. Notes | |||||||
10.750% | 10/14/30 | 860 | 585,606 | ||||
Sr. Unsec’d. Notes | |||||||
6.375% | 02/11/27(d) | 1,700 | 873,906 | ||||
8.125% | 01/18/26(d) | 275 | 145,148 | ||||
Grenada Government International Bond (Grenada), | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 05/12/30 | 199 | 185,607 | ||||
Guatemala Government Bond (Guatemala), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 02/13/28 | 1,900 | 1,832,648 | ||||
5.375% | 04/24/32 | 2,300 | 2,209,844 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.600% | 06/13/36 | 3,775 | 3,856,398 | ||||
7.050% | 10/04/32 | 250 | 265,313 | ||||
India Government Bond (India), | |||||||
Sr. Unsec’d. Notes | |||||||
7.180% | 08/14/33 | INR | 92,200 | 1,115,388 | |||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.625% | 04/15/43 | 5,020 | 4,674,875 | ||||
5.250% | 01/17/42 | 2,455 | 2,461,137 | ||||
Indonesia Treasury Bond (Indonesia), | |||||||
Bonds, Series 064 | |||||||
6.125% | 05/15/28 | IDR | 44,927,000 | 2,788,279 | |||
Bonds, Series 096 | |||||||
7.000% | 02/15/33 | IDR | 39,124,000 | 2,522,273 | |||
Ivory Coast Government International Bond (Ivory Coast), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 01/30/32 | EUR | 1,500 | 1,393,739 | |||
6.125% | 06/15/33(a) | 7,870 | 7,073,162 | ||||
6.625% | 03/22/48 | EUR | 3,070 | 2,701,407 | |||
Sr. Unsec’d. Notes, 144A | |||||||
7.625% | 01/30/33 | 1,440 | 1,429,200 | ||||
Jamaica Government International Bond (Jamaica), | |||||||
Sr. Unsec’d. Notes | |||||||
8.000% | 03/15/39 | 1,340 | 1,590,412 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Jordan Government International Bond (Jordan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.850% | 07/07/30 | 6,450 | $5,934,000 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.500% | 01/13/29 | 1,885 | 1,882,055 | ||||
7.750% | 01/15/28 | 1,550 | 1,572,281 | ||||
Malaysia Government Bond (Malaysia), | |||||||
Bonds, Series 0318 | |||||||
4.642% | 11/07/33 | MYR | 7,950 | 1,783,736 | |||
Bonds, Series 419 | |||||||
3.828% | 07/05/34 | MYR | 8,700 | 1,831,724 | |||
Mexican Bonos (Mexico), | |||||||
Bonds, Series M | |||||||
7.750% | 05/29/31 | MXN | 125,344 | 6,943,607 | |||
Mexico Government International Bond (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 05/07/29 | 1,235 | 1,219,562 | ||||
6.000% | 05/07/36 | 3,060 | 3,066,120 | ||||
6.350% | 02/09/35 | 2,290 | 2,365,856 | ||||
Montenegro Government International Bond (Montenegro), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.250% | 03/12/31 | 3,020 | 3,068,652 | ||||
Morocco Government International Bond (Morocco), | |||||||
Sr. Unsec’d. Notes | |||||||
3.000% | 12/15/32 | 1,665 | 1,338,244 | ||||
4.000% | 12/15/50 | 4,625 | 3,162,344 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.000% | 12/15/32 | 1,700 | 1,366,375 | ||||
6.500% | 09/08/33 | 1,360 | 1,404,309 | ||||
Nigeria Government International Bond (Nigeria), | |||||||
Sr. Unsec’d. Notes | |||||||
7.875% | 02/16/32 | 3,520 | 3,188,900 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
7.375% | 09/28/33 | 600 | 513,563 | ||||
Oman Government International Bond (Oman), | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 06/15/26 | 2,650 | 2,603,625 | ||||
5.375% | 03/08/27 | 4,525 | 4,502,375 | ||||
6.250% | 01/25/31 | 725 | 750,602 | ||||
6.500% | 03/08/47 | 1,790 | 1,804,544 | ||||
6.750% | 10/28/27 | 1,300 | 1,352,406 | ||||
6.750% | 01/17/48 | 1,575 | 1,613,391 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.750% | 10/28/27 | 900 | 936,281 | ||||
7.000% | 01/25/51 | 685 | 721,391 | ||||
Pakistan Government International Bond (Pakistan), | |||||||
Sr. Unsec’d. Notes | |||||||
7.875% | 03/31/36 | 1,694 | 1,291,861 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/19/63 | 2,080 | 1,329,900 | ||||
6.400% | 02/14/35 | 7,040 | 6,638,720 | ||||
6.875% | 01/31/36 | 575 | 560,086 | ||||
7.875% | 03/01/57 | 1,040 | 1,046,240 | ||||
8.000% | 03/01/38 | 480 | 502,080 | ||||
Sr. Unsub. Notes | |||||||
2.252% | 09/29/32 | 6,050 | 4,286,425 |
A36
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Paraguay Government International Bond (Paraguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.400% | 03/30/50 | 2,310 | $2,032,078 | ||||
5.600% | 03/13/48 | 400 | 363,625 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.739% | 01/29/33 | 560 | 453,250 | ||||
4.950% | 04/28/31 | 920 | 886,783 | ||||
5.400% | 03/30/50 | 200 | 175,938 | ||||
5.850% | 08/21/33 | 430 | 430,941 | ||||
6.000% | 02/09/36 | 380 | 385,581 | ||||
Perusahaan Penerbit SBSN Indonesia III (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 06/23/30 | 5,450 | 4,830,592 | ||||
4.150% | 03/29/27 | 1,220 | 1,193,050 | ||||
4.400% | 03/01/28 | 200 | 196,375 | ||||
4.550% | 03/29/26 | 4,995 | 4,954,416 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.450% | 02/20/29 | 946 | 926,193 | ||||
Peruvian Government International Bond (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
2.780% | 12/01/60 | 4,050 | 2,337,609 | ||||
3.300% | 03/11/41 | 1,500 | 1,125,938 | ||||
3.550% | 03/10/51 | 650 | 468,325 | ||||
6.150% | 08/12/32 | PEN | 2,870 | 723,803 | |||
Philippine Government International Bond (Philippines), | |||||||
Sr. Unsec’d. Notes | |||||||
2.650% | 12/10/45 | 4,875 | 3,228,164 | ||||
4.625% | 07/17/28 | 200 | 198,188 | ||||
Qatar Government International Bond (Qatar), | |||||||
Sr. Unsec’d. Notes | |||||||
4.400% | 04/16/50 | 900 | 796,781 | ||||
4.817% | 03/14/49 | 4,475 | 4,192,068 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.400% | 04/16/50 | 1,160 | 1,026,963 | ||||
Republic of Kenya Government International Bond (Kenya), | |||||||
Sr. Unsec’d. Notes | |||||||
7.250% | 02/28/28 | 4,370 | 4,171,646 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
9.750% | 02/16/31 | 1,715 | 1,753,587 | ||||
Republic of Poland Government International Bond (Poland), | |||||||
Sr. Unsec’d. Notes | |||||||
5.500% | 04/04/53 | 660 | 659,809 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.875% | 02/14/33 | EUR | 1,210 | 1,346,020 | |||
Republic of South Africa Government Bond (South Africa), | |||||||
Sr. Unsec’d. Notes, Series 2035 | |||||||
8.875% | 02/28/35 | ZAR | 26,305 | 1,105,011 | |||
Republic of South Africa Government International Bond (South Africa), | |||||||
Sr. Unsec’d. Notes | |||||||
5.650% | 09/27/47 | 1,190 | 864,238 | ||||
5.875% | 04/20/32 | 2,710 | 2,442,387 | ||||
6.250% | 03/08/41 | 1,050 | 866,250 | ||||
7.300% | 04/20/52 | 200 | 173,250 | ||||
Romanian Government International Bond (Romania), | |||||||
Notes, 144A | |||||||
5.500% | 09/18/28 | EUR | 1,450 | 1,611,059 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 02/14/51 | 4,250 | $3,013,802 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.000% | 02/14/51 | 640 | 453,843 | ||||
5.875% | 01/30/29 | 1,350 | 1,350,844 | ||||
6.375% | 01/30/34 | 1,918 | 1,946,171 | ||||
Unsec’d. Notes, 144A, MTN | |||||||
2.875% | 04/13/42 | EUR | 650 | 479,920 | |||
Saudi Government International Bond (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 01/16/30 | 1,910 | 1,890,303 | ||||
5.750% | 01/16/54 | 910 | 900,616 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
4.500% | 04/22/60 | 635 | 523,081 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.250% | 10/26/26 | 1,900 | 1,822,219 | ||||
3.750% | 01/21/55 | 1,820 | 1,315,519 | ||||
4.875% | 07/18/33 | 675 | 671,414 | ||||
5.000% | 04/17/49 | 1,350 | 1,230,187 | ||||
Senegal Government International Bond (Senegal), | |||||||
Sr. Unsec’d. Notes | |||||||
6.250% | 05/23/33(a) | 5,475 | 4,670,859 | ||||
Serbia International Bond (Serbia), | |||||||
Sr. Unsec’d. Notes | |||||||
2.125% | 12/01/30 | 6,975 | 5,525,508 | ||||
6.500% | 09/26/33 | 2,270 | 2,316,109 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.250% | 05/26/28 | 880 | 897,875 | ||||
Sri Lanka Government International Bond (Sri Lanka), | |||||||
Sr. Unsec’d. Notes | |||||||
6.125% | 06/03/25(d) | 6,440 | 3,857,962 | ||||
6.825% | 07/18/26(d) | 1,250 | 744,913 | ||||
6.850% | 11/03/25(d) | 3,825 | 2,291,414 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.825% | 07/18/26(d) | 800 | 476,744 | ||||
Suriname Government International Bond (Suriname), | |||||||
Sr. Unsec’d. Notes, 144A, Cash coupon 4.950% and PIK 3.000% | |||||||
7.950% | 07/15/33(a) | 3,140 | 2,875,075 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
9.000%(cc) | 12/31/50(a) | 1,788 | 1,287,360 | ||||
Turkiye Government International Bond (Turkey), | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 04/14/26 | 1,000 | 963,750 | ||||
4.875% | 04/16/43 | 2,795 | 1,963,487 | ||||
6.000% | 03/25/27 | 1,141 | 1,127,094 | ||||
6.000% | 01/14/41 | 1,700 | 1,400,906 | ||||
6.500% | 09/20/33 | 1,520 | 1,425,000 | ||||
7.625% | 05/15/34 | 1,280 | 1,284,800 | ||||
8.600% | 09/24/27 | 1,425 | 1,512,281 | ||||
9.375% | 03/14/29 | 2,450 | 2,666,672 | ||||
9.375% | 01/19/33 | 950 | 1,056,875 | ||||
9.875% | 01/15/28 | 380 | 418,594 | ||||
Ukraine Government International Bond (Ukraine), | |||||||
Sr. Unsec’d. Notes | |||||||
7.375% | 09/25/34(d) | 4,760 | 1,387,540 |
A37
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds(continued) | |||||||
Uruguay Government International Bond (Uruguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.750% | 10/28/34 | 2,090 | $2,206,256 | ||||
Venezuela Government International Bond (Venezuela), | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 12/09/20(d) | 4,725 | 621,338 | ||||
7.750% | 10/13/19(d) | 5,500 | 737,488 | ||||
11.750% | 10/21/26(d) | 750 | 132,750 | ||||
12.750% | 08/23/22(d) | 3,025 | 508,200 | ||||
Vietnam Government International Bond (Vietnam), | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 11/19/24 | 1,100 | 1,092,438 | ||||
Zambia Government International Bond (Zambia), | |||||||
Unsec’d. Notes | |||||||
5.375% | 09/20/22(d) | 629 | 410,762 | ||||
Total Sovereign Bonds (cost $353,790,197) | 334,332,108 | ||||||
U.S. Government Agency Obligations — 3.7% | |||||||
Federal Home Loan Mortgage Corp. | |||||||
1.500% | 02/01/36 | 548 | 477,669 | ||||
1.500% | 02/01/36 | 1,472 | 1,281,538 | ||||
2.000% | 08/01/36 | 590 | 526,278 | ||||
2.000% | 08/01/37 | 329 | 291,337 | ||||
2.000% | 03/01/42 | 2,152 | 1,803,888 | ||||
2.000% | 06/01/50 | 221 | 178,144 | ||||
2.000% | 07/01/50 | 176 | 140,610 | ||||
2.000% | 02/01/51 | 4,221 | 3,362,085 | ||||
2.000% | 04/01/51 | 921 | 732,885 | ||||
2.000% | 05/01/51 | 30 | 23,920 | ||||
2.000% | 05/01/51 | 1,161 | 922,406 | ||||
2.000% | 05/01/51 | 2,053 | 1,626,905 | ||||
2.000% | 07/01/51 | 16 | 13,058 | ||||
2.000% | 12/01/51 | 1,255 | 1,001,962 | ||||
2.000% | 03/01/52 | 360 | 288,850 | ||||
2.000% | 04/01/52 | 616 | 487,728 | ||||
2.000% | 04/01/52 | 722 | 576,449 | ||||
2.000% | 05/01/52 | 189 | 151,471 | ||||
2.000% | 07/01/52 | 668 | 529,380 | ||||
2.500% | 07/01/37 | 95 | 86,249 | ||||
2.500% | 07/01/37 | 916 | 833,014 | ||||
2.500% | 03/01/42 | 1,061 | 921,346 | ||||
2.500% | 07/01/50 | 154 | 129,284 | ||||
2.500% | 07/01/50 | 1,204 | 1,004,847 | ||||
2.500% | 10/01/50 | 307 | 255,591 | ||||
2.500% | 05/01/51 | 140 | 117,729 | ||||
2.500% | 06/01/51 | 428 | 361,935 | ||||
2.500% | 07/01/51 | 185 | 153,899 | ||||
2.500% | 08/01/51 | 359 | 299,063 | ||||
2.500% | 08/01/51 | 1,152 | 955,695 | ||||
2.500% | 01/01/52 | 2,511 | 2,100,381 | ||||
2.500% | 04/01/52 | 6,345 | 5,252,470 | ||||
2.500% | 05/01/52 | 5,548 | 4,587,647 | ||||
2.500% | 07/01/52 | 83 | 68,631 | ||||
3.000% | 05/01/30 | 137 | 132,968 | ||||
3.000% | 11/01/33 | 278 | 260,832 | ||||
3.000% | 02/01/34 | 275 | 259,567 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 04/01/34 | 23 | $21,677 | ||||
3.000% | 11/01/42 | 8 | 6,988 | ||||
3.000% | 01/01/43 | 9 | 8,307 | ||||
3.000% | 02/01/43 | 3 | 2,716 | ||||
3.000% | 02/01/43 | 6 | 5,588 | ||||
3.000% | 02/01/43 | 28 | 25,050 | ||||
3.000% | 03/01/43 | 26 | 22,874 | ||||
3.000% | 03/01/45 | 4 | 3,238 | ||||
3.000% | 04/01/45 | 29 | 26,212 | ||||
3.000% | 06/01/45 | 6 | 5,334 | ||||
3.000% | 06/01/45 | 46 | 41,237 | ||||
3.000% | 07/01/45 | 28 | 24,922 | ||||
3.000% | 02/01/47 | 199 | 175,565 | ||||
3.000% | 02/01/48 | 4 | 3,719 | ||||
3.000% | 09/01/49 | 342 | 302,696 | ||||
3.000% | 11/01/49 | 345 | 302,995 | ||||
3.000% | 02/01/50 | 130 | 114,013 | ||||
3.000% | 06/01/50 | 146 | 128,338 | ||||
3.000% | 08/01/50 | 622 | 546,595 | ||||
3.000% | 09/01/51 | 1,593 | 1,387,426 | ||||
3.000% | 11/01/51 | 1,074 | 925,004 | ||||
3.000% | 01/01/52 | 532 | 460,840 | ||||
3.000% | 04/01/52 | 1,250 | 1,076,205 | ||||
3.000% | 06/01/52 | 121 | 104,056 | ||||
3.500% | 02/01/34 | 40 | 38,210 | ||||
3.500% | 04/01/42 | 5 | 4,850 | ||||
3.500% | 04/01/42 | 56 | 51,778 | ||||
3.500% | 08/01/42 | 8 | 6,946 | ||||
3.500% | 08/01/42 | 11 | 9,759 | ||||
3.500% | 08/01/42 | 56 | 51,416 | ||||
3.500% | 09/01/42 | 1 | 548 | ||||
3.500% | 09/01/42 | 14 | 12,546 | ||||
3.500% | 09/01/42 | 81 | 74,252 | ||||
3.500% | 10/01/42 | 2 | 1,383 | ||||
3.500% | 10/01/42 | 21 | 19,130 | ||||
3.500% | 11/01/42 | 9 | 8,450 | ||||
3.500% | 12/01/42 | 101 | 93,305 | ||||
3.500% | 01/01/43 | 97 | 89,207 | ||||
3.500% | 04/01/43 | 3 | 2,795 | ||||
3.500% | 04/01/43 | 12 | 11,267 | ||||
3.500% | 04/01/43 | 77 | 71,266 | ||||
3.500% | 05/01/43 | 215 | 197,294 | ||||
3.500% | 10/01/43 | 25 | 22,851 | ||||
3.500% | 01/01/44 | 94 | 86,856 | ||||
3.500% | 03/01/44 | 158 | 144,313 | ||||
3.500% | 05/01/45 | 71 | 65,336 | ||||
3.500% | 06/01/45 | 14 | 12,703 | ||||
3.500% | 06/01/45 | 91 | 83,024 | ||||
3.500% | 12/01/46 | 711 | 647,937 | ||||
3.500% | 01/01/48 | 1,158 | 1,056,907 | ||||
3.500% | 03/01/48 | 527 | 482,369 | ||||
3.500% | 10/01/49 | 29 | 26,727 | ||||
3.500% | 12/01/49 | 70 | 63,572 | ||||
3.500% | 01/01/50 | 540 | 490,457 | ||||
3.500% | 02/01/50 | 1,466 | 1,342,673 | ||||
3.500% | 05/01/51 | 1,110 | 1,003,397 | ||||
3.500% | 04/01/52 | 6 | 5,400 |
A38
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 05/01/52 | 939 | $840,907 | ||||
4.000% | 06/01/33 | 45 | 43,394 | ||||
4.000% | 10/01/34 | 18 | 17,898 | ||||
4.000% | 08/01/37 | 812 | 790,963 | ||||
4.000% | 05/01/38 | 101 | 97,203 | ||||
4.000% | 10/01/40 | 1 | 1,163 | ||||
4.000% | 10/01/40 | 2 | 1,954 | ||||
4.000% | 10/01/40 | 6 | 6,145 | ||||
4.000% | 11/01/40 | 3 | 2,456 | ||||
4.000% | 12/01/40 | 1 | 892 | ||||
4.000% | 12/01/40 | 59 | 56,176 | ||||
4.000% | 12/01/40 | 145 | 137,244 | ||||
4.000% | 12/01/40 | 198 | 188,286 | ||||
4.000% | 02/01/41 | 40 | 37,912 | ||||
4.000% | 04/01/41 | 250 | 236,749 | ||||
4.000% | 10/01/41 | 15 | 13,764 | ||||
4.000% | 10/01/41 | 45 | 42,434 | ||||
4.000% | 12/01/41 | 32 | 30,539 | ||||
4.000% | 02/01/42 | 107 | 101,852 | ||||
4.000% | 03/01/42 | 3 | 2,557 | ||||
4.000% | 04/01/42 | 4 | 3,937 | ||||
4.000% | 04/01/42 | 12 | 11,187 | ||||
4.000% | 04/01/42 | 26 | 25,023 | ||||
4.000% | 07/01/42 | 246 | 233,146 | ||||
4.000% | 09/01/42 | 17 | 15,862 | ||||
4.000% | 11/01/42 | 110 | 104,455 | ||||
4.000% | 05/01/43 | 19 | 18,332 | ||||
4.000% | 09/01/43 | 75 | 70,731 | ||||
4.000% | 02/01/45 | 38 | 35,801 | ||||
4.000% | 05/01/45 | 14 | 13,184 | ||||
4.000% | 01/01/46 | 795 | 754,059 | ||||
4.000% | 04/01/46 | 2 | 2,183 | ||||
4.000% | 04/01/46 | 5 | 4,497 | ||||
4.000% | 04/01/46 | 83 | 78,998 | ||||
4.000% | 10/01/47 | 2 | 1,568 | ||||
4.000% | 04/01/48 | 2 | 2,208 | ||||
4.000% | 06/01/48 | 63 | 60,058 | ||||
4.000% | 02/01/50 | 1,207 | 1,132,531 | ||||
4.500% | 09/01/37 | 80 | 79,083 | ||||
4.500% | 05/01/39 | 20 | 19,326 | ||||
4.500% | 05/01/39 | 20 | 19,503 | ||||
4.500% | 06/01/39 | 12 | 11,956 | ||||
4.500% | 08/01/39 | 86 | 83,992 | ||||
4.500% | 09/01/39 | 6 | 6,124 | ||||
4.500% | 10/01/39 | 2 | 2,334 | ||||
4.500% | 10/01/39 | 6 | 5,606 | ||||
4.500% | 10/01/39 | 33 | 32,728 | ||||
4.500% | 10/01/39 | 115 | 113,024 | ||||
4.500% | 10/01/39 | 260 | 255,245 | ||||
4.500% | 12/01/39 | 8 | 8,022 | ||||
4.500% | 03/01/40 | 17 | 16,255 | ||||
4.500% | 05/01/40 | 8 | 7,858 | ||||
4.500% | 08/01/40 | 18 | 18,135 | ||||
4.500% | 08/01/40 | 29 | 28,007 | ||||
4.500% | 10/01/40 | 22 | 21,676 | ||||
4.500% | 11/01/40 | 16 | 15,613 | ||||
4.500% | 01/01/41 | 28 | 27,704 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 02/01/41 | 4 | $3,591 | ||||
4.500% | 02/01/41 | 5 | 4,639 | ||||
4.500% | 02/01/41 | 5 | 4,832 | ||||
4.500% | 02/01/41 | 10 | 9,827 | ||||
4.500% | 03/01/41 | 23 | 22,539 | ||||
4.500% | 04/01/41 | 37 | 36,120 | ||||
4.500% | 04/01/41 | 66 | 65,151 | ||||
4.500% | 10/01/41 | 182 | 178,955 | ||||
4.500% | 01/01/42 | 10 | 9,991 | ||||
4.500% | 03/01/44 | 3 | 2,722 | ||||
4.500% | 03/01/44 | 9 | 8,297 | ||||
4.500% | 03/01/44 | 9 | 8,782 | ||||
4.500% | 12/01/48 | 183 | 177,292 | ||||
4.500% | 05/01/50 | 62 | 59,956 | ||||
5.000% | 07/01/25 | —(r) | 0 | ||||
5.000% | 07/01/33 | —(r) | 145 | ||||
5.000% | 11/01/33 | 1 | 562 | ||||
5.000% | 11/01/33 | 1 | 796 | ||||
5.000% | 11/01/33 | 1 | 1,223 | ||||
5.000% | 11/01/33 | 2 | 1,545 | ||||
5.000% | 07/01/35 | 241 | 242,195 | ||||
5.000% | 11/01/35 | 37 | 37,060 | ||||
5.000% | 12/01/35 | —(r) | 426 | ||||
5.000% | 04/01/40 | 2 | 1,933 | ||||
5.000% | 04/01/40 | 16 | 16,384 | ||||
5.000% | 06/01/40 | 17 | 16,989 | ||||
5.000% | 07/01/40 | 2 | 1,627 | ||||
5.000% | 07/01/40 | 12 | 11,499 | ||||
5.000% | 08/01/40 | 7 | 7,026 | ||||
5.000% | 08/01/40 | 20 | 19,870 | ||||
5.000% | 08/01/40 | 59 | 59,011 | ||||
5.000% | 06/01/41 | 33 | 32,500 | ||||
5.000% | 07/01/41 | 2 | 2,017 | ||||
5.000% | 07/01/41 | 3 | 3,054 | ||||
5.000% | 07/01/41 | 9 | 8,739 | ||||
5.000% | 07/01/41 | 12 | 11,810 | ||||
5.000% | 09/01/52 | 2,024 | 1,976,764 | ||||
5.000% | 05/01/53 | 299 | 292,478 | ||||
5.000% | 11/01/53 | 582 | 567,404 | ||||
5.500% | 03/01/34 | 8 | 8,199 | ||||
5.500% | 07/01/35 | 5 | 5,326 | ||||
5.500% | 01/01/38 | 153 | 156,459 | ||||
5.500% | 06/01/41 | 57 | 57,783 | ||||
5.500% | 08/01/53 | 2,761 | 2,755,127 | ||||
5.500% | 02/01/54 | 793 | 790,401 | ||||
6.000% | 10/01/32 | —(r) | 29 | ||||
6.000% | 03/01/33 | 2 | 1,607 | ||||
6.000% | 12/01/33 | 4 | 3,970 | ||||
6.000% | 12/01/33 | 44 | 45,162 | ||||
6.000% | 06/01/37 | —(r) | 300 | ||||
6.000% | 07/01/38 | 1 | 1,256 | ||||
6.000% | 08/01/38 | 2 | 2,194 | ||||
6.500% | 08/01/36 | 3 | 2,984 | ||||
6.500% | 09/01/39 | 8 | 7,866 | ||||
7.000% | 06/01/32 | —(r) | 274 | ||||
7.000% | 06/01/32 | —(r) | 365 |
A39
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.625% (Cap 10.381%, Floor 1.625%) | |||||||
4.848%(c) | 04/01/37 | 8 | $7,713 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.733% (Cap 10.034%, Floor 1.733%) | |||||||
6.108%(c) | 02/01/37 | 3 | 3,198 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.750% (Cap 10.072%, Floor 1.750%) | |||||||
6.125%(c) | 02/01/35 | 1 | 826 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.750% (Cap 8.251%, Floor 1.750%) | |||||||
6.000%(c) | 07/01/41 | 41 | 41,691 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.750% (Cap 8.451%, Floor 1.750%) | |||||||
6.000%(c) | 12/01/40 | 23 | 23,449 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.785% (Cap 9.785%, Floor 1.785%) | |||||||
6.035%(c) | 02/01/37 | —(r) | 134 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.832% (Cap 10.039%, Floor 1.832%) | |||||||
6.081%(c) | 03/01/36 | 1 | 951 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.842% (Cap 10.844%, Floor 1.842%) | |||||||
6.091%(c) | 01/01/37 | 2 | 1,541 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.915% (Cap 7.679%, Floor 1.915%) | |||||||
6.111%(c) | 10/01/42 | 7 | 6,659 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.917% (Cap 10.562%, Floor 1.917%) | |||||||
6.292%(c) | 02/01/37 | 1 | 736 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 1.930% (Cap 10.966%, Floor 1.930%) | |||||||
6.187%(c) | 12/01/36 | —(r) | 314 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 2.030% (Cap 11.126%, Floor 2.030%) | |||||||
6.276%(c) | 11/01/36 | 1 | 1,188 | ||||
Federal Home Loan Mortgage Corp., 1 Year RFUCCT + 2.220% (Cap 11.100%, Floor 2.220%) | |||||||
6.558%(c) | 02/01/37 | 1 | 1,129 | ||||
Federal Home Loan Mortgage Corp., 1 Year US Treasury Yield Curve Rate CMT + 2.250% (Cap 11.385%, Floor 2.250%) | |||||||
6.340%(c) | 10/01/36 | —(r) | 170 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 04/01/37 | 951 | 823,579 | ||||
1.500% | 05/01/37 | 839 | 726,227 | ||||
1.500% | 05/01/37 | 1,340 | 1,160,110 | ||||
1.500% | 01/01/42 | 1,516 | 1,233,762 | ||||
2.000% | 05/01/36 | 537 | 475,979 | ||||
2.000% | 09/01/36 | 804 | 719,789 | ||||
2.000% | 09/01/36 | 832 | 741,337 | ||||
2.000% | 03/01/37 | 4,094 | 3,626,279 | ||||
2.000% | 05/01/37 | 2,672 | 2,366,950 | ||||
2.000% | 06/01/37 | 341 | 302,713 | ||||
2.000% | 07/01/37 | 55 | 48,526 | ||||
2.000% | 08/01/37 | 2,120 | 1,879,561 | ||||
2.000% | 03/01/42 | 218 | 182,743 | ||||
2.000% | 04/01/42 | 2,520 | 2,113,442 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.000% | 08/01/42 | 57 | $47,544 | ||||
2.000% | 07/01/50 | 68 | 54,924 | ||||
2.000% | 08/01/50 | 763 | 611,635 | ||||
2.000% | 10/01/50 | 100 | 80,753 | ||||
2.000% | 10/01/50 | 669 | 533,294 | ||||
2.000% | 11/01/50 | 56 | 45,170 | ||||
2.000% | 12/01/50 | 6,433 | 5,126,579 | ||||
2.000% | 01/01/51 | 1,229 | 977,977 | ||||
2.000% | 02/01/51 | 4,511 | 3,594,045 | ||||
2.000% | 03/01/51 | 4,912 | 3,901,688 | ||||
2.000% | 04/01/51 | 4,433 | 3,521,039 | ||||
2.000% | 05/01/51 | 29 | 23,122 | ||||
2.000% | 05/01/51 | 3,731 | 2,968,844 | ||||
2.000% | 07/01/51 | 13 | 10,510 | ||||
2.000% | 07/01/51 | 28 | 22,824 | ||||
2.000% | 07/01/51 | 29 | 23,218 | ||||
2.000% | 08/01/51 | 1,526 | 1,213,089 | ||||
2.000% | 12/01/51 | 4,491 | 3,586,688 | ||||
2.000% | 02/01/52 | 1,185 | 946,424 | ||||
2.000% | 02/01/52 | 1,351 | 1,086,258 | ||||
2.000% | 02/01/52 | 1,517 | 1,211,609 | ||||
2.000% | 02/01/52 | 3,011 | 2,389,131 | ||||
2.000% | 02/01/52 | 6,007 | 4,767,529 | ||||
2.000% | 03/01/52 | 694 | 557,625 | ||||
2.000% | 03/01/52 | 9,242 | 7,319,909 | ||||
2.000% | 04/01/52 | 956 | 756,978 | ||||
2.000% | 05/01/52 | 100 | 79,289 | ||||
2.500% | TBA | 2,060 | 1,702,508 | ||||
2.500% | 11/01/29 | 5 | 4,316 | ||||
2.500% | 01/01/31 | 32 | 29,857 | ||||
2.500% | 11/01/34 | 1,041 | 973,734 | ||||
2.500% | 11/01/36 | 1,010 | 925,183 | ||||
2.500% | 02/01/37 | 2,063 | 1,880,136 | ||||
2.500% | 04/01/37 | 446 | 399,549 | ||||
2.500% | 05/01/37 | 990 | 900,917 | ||||
2.500% | 10/01/37 | 53 | 47,721 | ||||
2.500% | 07/01/50 | 879 | 738,814 | ||||
2.500% | 09/01/50 | 618 | 520,162 | ||||
2.500% | 09/01/50 | 3,629 | 3,063,790 | ||||
2.500% | 01/01/51 | 339 | 283,231 | ||||
2.500% | 02/01/51 | 343 | 286,492 | ||||
2.500% | 05/01/51 | 168 | 140,815 | ||||
2.500% | 05/01/51 | 171 | 142,306 | ||||
2.500% | 05/01/51 | 220 | 184,668 | ||||
2.500% | 05/01/51 | 2,283 | 1,896,573 | ||||
2.500% | 06/01/51 | 331 | 277,826 | ||||
2.500% | 06/01/51 | 556 | 470,674 | ||||
2.500% | 06/01/51 | 2,119 | 1,760,058 | ||||
2.500% | 07/01/51 | 327 | 271,707 | ||||
2.500% | 07/01/51 | 528 | 436,958 | ||||
2.500% | 08/01/51 | 129 | 107,139 | ||||
2.500% | 08/01/51 | 283 | 236,018 | ||||
2.500% | 08/01/51 | 1,331 | 1,109,663 | ||||
2.500% | 08/01/51 | 3,293 | 2,743,347 | ||||
2.500% | 10/01/51 | 2,201 | 1,838,407 | ||||
2.500% | 10/01/51 | 2,642 | 2,209,966 | ||||
2.500% | 12/01/51 | 58 | 48,041 |
A40
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.500% | 01/01/52 | 348 | $287,540 | ||||
2.500% | 01/01/52 | 546 | 452,785 | ||||
2.500% | 01/01/52 | 850 | 712,888 | ||||
2.500% | 01/01/52 | 3,877 | 3,232,345 | ||||
2.500% | 03/01/52 | 118 | 98,532 | ||||
2.500% | 03/01/52 | 233 | 195,756 | ||||
2.500% | 04/01/52 | 925 | 766,076 | ||||
2.500% | 04/01/52 | 1,567 | 1,296,950 | ||||
3.000% | TBA | 149,660 | 128,739,201 | ||||
3.000% | 01/01/27 | 27 | 26,200 | ||||
3.000% | 08/01/27 | 2 | 2,293 | ||||
3.000% | 08/01/27 | 2 | 2,330 | ||||
3.000% | 10/01/27 | 7 | 7,236 | ||||
3.000% | 11/01/27 | 2 | 2,313 | ||||
3.000% | 12/01/27 | 4 | 3,924 | ||||
3.000% | 01/01/28 | 4 | 4,095 | ||||
3.000% | 02/01/28 | 3 | 3,228 | ||||
3.000% | 03/01/28 | 4 | 3,909 | ||||
3.000% | 04/01/28 | 3 | 3,360 | ||||
3.000% | 05/01/28 | 5 | 4,622 | ||||
3.000% | 06/01/28 | 4 | 4,135 | ||||
3.000% | 07/01/28 | 4 | 4,238 | ||||
3.000% | 08/01/28 | 5 | 4,723 | ||||
3.000% | 09/01/28 | 6 | 5,362 | ||||
3.000% | 11/01/28 | 89 | 85,852 | ||||
3.000% | 01/01/29 | 4 | 3,568 | ||||
3.000% | 02/01/29 | 91 | 87,368 | ||||
3.000% | 03/01/29 | 7 | 6,520 | ||||
3.000% | 12/01/32 | 42 | 39,831 | ||||
3.000% | 03/01/33 | 16 | 14,707 | ||||
3.000% | 06/01/33 | 1 | 810 | ||||
3.000% | 12/01/34 | 17 | 15,700 | ||||
3.000% | 12/01/34 | 60 | 56,352 | ||||
3.000% | 01/01/35 | 99 | 92,878 | ||||
3.000% | 05/01/35 | 1,682 | 1,573,754 | ||||
3.000% | 06/01/35 | 170 | 159,656 | ||||
3.000% | 01/01/40 | 1,223 | 1,110,649 | ||||
3.000% | 04/01/40 | 2,069 | 1,851,454 | ||||
3.000% | 09/01/42 | 99 | 88,357 | ||||
3.000% | 10/01/42 | 82 | 73,691 | ||||
3.000% | 10/01/42 | 225 | 200,699 | ||||
3.000% | 11/01/42 | 49 | 44,191 | ||||
3.000% | 11/01/42 | 53 | 46,908 | ||||
3.000% | 02/01/43 | 2 | 1,880 | ||||
3.000% | 02/01/43 | 3 | 2,440 | ||||
3.000% | 02/01/43 | 5 | 4,304 | ||||
3.000% | 02/01/43 | 8 | 7,554 | ||||
3.000% | 02/01/43 | 13 | 11,758 | ||||
3.000% | 02/01/43 | 39 | 35,083 | ||||
3.000% | 04/01/43 | 3 | 2,910 | ||||
3.000% | 04/01/43 | 995 | 887,981 | ||||
3.000% | 05/01/43 | 5 | 4,474 | ||||
3.000% | 05/01/43 | 13 | 11,733 | ||||
3.000% | 05/01/43 | 21 | 19,176 | ||||
3.000% | 05/01/43 | 134 | 119,984 | ||||
3.000% | 07/01/43 | 40 | 35,803 | ||||
3.000% | 08/01/43 | 16 | 13,978 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 08/01/43 | 142 | $125,312 | ||||
3.000% | 09/01/43 | 195 | 174,353 | ||||
3.000% | 02/01/44 | 19 | 16,583 | ||||
3.000% | 12/01/44 | 1 | 748 | ||||
3.000% | 05/01/45 | 45 | 39,973 | ||||
3.000% | 08/01/45 | 111 | 98,538 | ||||
3.000% | 05/01/46 | 1,137 | 998,421 | ||||
3.000% | 08/01/46 | 96 | 84,274 | ||||
3.000% | 10/01/46 | 50 | 44,343 | ||||
3.000% | 11/01/46 | 40 | 35,017 | ||||
3.000% | 11/01/46 | 132 | 116,880 | ||||
3.000% | 11/01/46 | 188 | 165,704 | ||||
3.000% | 11/01/46 | 357 | 315,137 | ||||
3.000% | 11/01/46 | 1,361 | 1,215,395 | ||||
3.000% | 11/01/46 | 1,811 | 1,597,180 | ||||
3.000% | 01/01/47 | 1,053 | 922,270 | ||||
3.000% | 06/01/47 | 382 | 339,516 | ||||
3.000% | 03/01/48 | 6 | 5,280 | ||||
3.000% | 08/01/49 | 296 | 261,938 | ||||
3.000% | 11/01/49 | 80 | 70,102 | ||||
3.000% | 02/01/50 | 82 | 71,682 | ||||
3.000% | 03/01/50 | 275 | 241,228 | ||||
3.000% | 05/01/50 | 15 | 13,331 | ||||
3.000% | 05/01/50 | 5,604 | 4,896,785 | ||||
3.000% | 07/01/50 | 135 | 118,162 | ||||
3.000% | 08/01/50 | 205 | 177,522 | ||||
3.000% | 08/01/50 | 402 | 348,930 | ||||
3.000% | 09/01/50 | 13 | 11,219 | ||||
3.000% | 10/01/50 | 760 | 660,479 | ||||
3.000% | 02/01/52 | 1,318 | 1,135,902 | ||||
3.000% | 04/01/52 | 3,319 | 2,858,858 | ||||
3.500% | TBA | 20,435 | 18,286,819 | ||||
3.500% | 07/01/30 | 10 | 9,608 | ||||
3.500% | 08/01/30 | 54 | 51,831 | ||||
3.500% | 07/01/32 | 161 | 154,172 | ||||
3.500% | 12/01/33 | 783 | 752,295 | ||||
3.500% | 01/01/34 | 2 | 1,772 | ||||
3.500% | 01/01/34 | 4 | 3,747 | ||||
3.500% | 01/01/34 | 8 | 7,676 | ||||
3.500% | 01/01/34 | 13 | 12,036 | ||||
3.500% | 05/01/34 | 309 | 297,688 | ||||
3.500% | 07/01/34 | 15 | 14,122 | ||||
3.500% | 07/01/34 | 43 | 40,723 | ||||
3.500% | 08/01/34 | 54 | 51,953 | ||||
3.500% | 02/01/35 | 37 | 34,789 | ||||
3.500% | 09/01/37 | 29 | 26,759 | ||||
3.500% | 12/01/41 | 25 | 23,527 | ||||
3.500% | 06/01/42 | 42 | 38,830 | ||||
3.500% | 06/01/42 | 87 | 79,746 | ||||
3.500% | 07/01/42 | 50 | 45,506 | ||||
3.500% | 08/01/42 | 110 | 100,745 | ||||
3.500% | 09/01/42 | 194 | 177,745 | ||||
3.500% | 10/01/42 | 176 | 161,008 | ||||
3.500% | 11/01/42 | 29 | 26,480 | ||||
3.500% | 01/01/43 | 30 | 27,643 | ||||
3.500% | 01/01/43 | 211 | 192,752 | ||||
3.500% | 04/01/43 | 22 | 20,106 |
A41
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 05/01/43 | 292 | $267,858 | ||||
3.500% | 06/01/43 | 114 | 105,230 | ||||
3.500% | 06/01/43 | 124 | 114,185 | ||||
3.500% | 07/01/43 | 14 | 12,947 | ||||
3.500% | 07/01/43 | 36 | 32,850 | ||||
3.500% | 07/01/43 | 46 | 41,935 | ||||
3.500% | 07/01/43 | 71 | 65,069 | ||||
3.500% | 07/01/43 | 142 | 131,185 | ||||
3.500% | 08/01/43 | 33 | 29,835 | ||||
3.500% | 08/01/43 | 36 | 33,151 | ||||
3.500% | 03/01/44 | 191 | 175,327 | ||||
3.500% | 11/01/45 | 13 | 12,021 | ||||
3.500% | 12/01/45 | 485 | 444,685 | ||||
3.500% | 12/01/45 | 1,894 | 1,727,355 | ||||
3.500% | 01/01/46 | 13 | 11,668 | ||||
3.500% | 01/01/46 | 145 | 132,697 | ||||
3.500% | 01/01/46 | 196 | 179,146 | ||||
3.500% | 05/01/46 | 65 | 59,890 | ||||
3.500% | 06/01/46 | 227 | 209,272 | ||||
3.500% | 02/01/47 | 1,066 | 979,816 | ||||
3.500% | 08/01/47 | 30 | 27,014 | ||||
3.500% | 09/01/47 | 14 | 12,898 | ||||
3.500% | 10/01/47 | 62 | 56,366 | ||||
3.500% | 11/01/47 | 17 | 15,474 | ||||
3.500% | 01/01/48 | 80 | 73,900 | ||||
3.500% | 02/01/48 | 355 | 323,634 | ||||
3.500% | 12/01/48 | 693 | 631,739 | ||||
3.500% | 06/01/49 | 337 | 307,116 | ||||
3.500% | 06/01/49 | 1,238 | 1,135,978 | ||||
3.500% | 06/01/49 | 1,454 | 1,325,738 | ||||
3.500% | 07/01/50 | 713 | 649,626 | ||||
3.500% | 08/01/50 | 90 | 82,071 | ||||
3.500% | 01/01/52 | 1,139 | 1,022,235 | ||||
4.000% | TBA | 15,385 | 14,246,535 | ||||
4.000% | 11/01/31 | 11 | 10,479 | ||||
4.000% | 07/01/35 | 436 | 426,350 | ||||
4.000% | 11/01/40 | 19 | 18,431 | ||||
4.000% | 11/01/40 | 130 | 123,620 | ||||
4.000% | 12/01/40 | 176 | 164,175 | ||||
4.000% | 01/01/41 | 21 | 20,317 | ||||
4.000% | 01/01/41 | 115 | 109,355 | ||||
4.000% | 02/01/41 | 22 | 20,674 | ||||
4.000% | 02/01/41 | 71 | 66,822 | ||||
4.000% | 03/01/41 | 185 | 175,111 | ||||
4.000% | 04/01/41 | 62 | 58,334 | ||||
4.000% | 10/01/41 | 73 | 69,191 | ||||
4.000% | 11/01/41 | 65 | 61,171 | ||||
4.000% | 01/01/42 | 84 | 79,907 | ||||
4.000% | 01/01/42 | 88 | 82,741 | ||||
4.000% | 02/01/42 | 12 | 10,994 | ||||
4.000% | 02/01/42 | 66 | 62,484 | ||||
4.000% | 02/01/42 | 97 | 92,080 | ||||
4.000% | 08/01/42 | 232 | 221,069 | ||||
4.000% | 10/01/43 | 40 | 38,283 | ||||
4.000% | 05/01/45 | 46 | 43,424 | ||||
4.000% | 06/01/45 | 75 | 69,736 | ||||
4.000% | 07/01/45 | 24 | 22,972 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.000% | 09/01/45 | 39 | $36,739 | ||||
4.000% | 09/01/45 | 817 | 773,914 | ||||
4.000% | 10/01/45 | 2,406 | 2,279,815 | ||||
4.000% | 12/01/45 | 38 | 35,992 | ||||
4.000% | 03/01/46 | 146 | 138,522 | ||||
4.000% | 03/01/46 | 162 | 153,790 | ||||
4.000% | 09/01/46 | 36 | 34,124 | ||||
4.000% | 02/01/47 | 1,998 | 1,892,167 | ||||
4.000% | 08/01/47 | 440 | 417,101 | ||||
4.000% | 12/01/47 | 31 | 28,777 | ||||
4.000% | 10/01/48 | 568 | 541,829 | ||||
4.000% | 12/01/49 | 172 | 161,137 | ||||
4.000% | 10/01/51 | 427 | 398,963 | ||||
4.000% | 08/01/52 | 1,139 | 1,056,032 | ||||
4.000% | 09/01/52 | 1,023 | 948,997 | ||||
4.500% | TBA | 12,390 | 11,798,035 | ||||
4.500% | 03/01/39 | 40 | 39,730 | ||||
4.500% | 06/01/39 | 21 | 20,177 | ||||
4.500% | 08/01/39 | 56 | 54,799 | ||||
4.500% | 09/01/39 | 67 | 65,972 | ||||
4.500% | 11/01/39 | 19 | 18,610 | ||||
4.500% | 12/01/39 | 96 | 94,309 | ||||
4.500% | 12/01/39 | 229 | 224,898 | ||||
4.500% | 04/01/40 | 147 | 143,871 | ||||
4.500% | 07/01/40 | 17 | 16,385 | ||||
4.500% | 09/01/40 | 174 | 170,875 | ||||
4.500% | 11/01/40 | 254 | 248,669 | ||||
4.500% | 12/01/40 | 18 | 17,799 | ||||
4.500% | 12/01/40 | 28 | 27,900 | ||||
4.500% | 12/01/40 | 125 | 122,903 | ||||
4.500% | 02/01/41 | 29 | 28,224 | ||||
4.500% | 02/01/41 | 29 | 28,858 | ||||
4.500% | 02/01/41 | 44 | 43,259 | ||||
4.500% | 02/01/41 | 78 | 76,287 | ||||
4.500% | 04/01/41 | 230 | 225,345 | ||||
4.500% | 05/01/41 | 6 | 6,295 | ||||
4.500% | 05/01/41 | 232 | 227,497 | ||||
4.500% | 06/01/41 | 18 | 17,976 | ||||
4.500% | 06/01/41 | 20 | 19,797 | ||||
4.500% | 08/01/41 | 3 | 3,033 | ||||
4.500% | 10/01/41 | 3 | 2,930 | ||||
4.500% | 10/01/41 | 5 | 4,925 | ||||
4.500% | 11/01/41 | 4 | 3,542 | ||||
4.500% | 11/01/41 | 76 | 74,595 | ||||
4.500% | 04/01/42 | 33 | 32,394 | ||||
4.500% | 08/01/42 | 8 | 7,769 | ||||
4.500% | 09/01/42 | 6 | 5,505 | ||||
4.500% | 09/01/42 | 11 | 11,083 | ||||
4.500% | 10/01/42 | 44 | 43,436 | ||||
4.500% | 09/01/43 | 13 | 12,869 | ||||
4.500% | 11/01/43 | 10 | 10,098 | ||||
4.500% | 06/01/44 | 14 | 13,636 | ||||
4.500% | 10/01/44 | 41 | 39,753 | ||||
4.500% | 02/01/45 | 10 | 9,527 | ||||
4.500% | 02/01/45 | 21 | 20,142 | ||||
4.500% | 10/01/45 | 25 | 24,047 | ||||
4.500% | 02/01/46 | 35 | 34,335 |
A42
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 06/01/46 | 6 | $6,220 | ||||
4.500% | 11/01/46 | 14 | 13,206 | ||||
4.500% | 12/01/46 | 28 | 27,424 | ||||
4.500% | 01/01/47 | 5 | 5,063 | ||||
4.500% | 01/01/47 | 8 | 8,194 | ||||
4.500% | 02/01/47 | 12 | 11,912 | ||||
4.500% | 11/01/47 | 402 | 390,563 | ||||
4.500% | 08/01/48 | 70 | 67,592 | ||||
4.500% | 12/01/48 | 288 | 278,551 | ||||
4.500% | 09/01/49 | 1,330 | 1,289,176 | ||||
4.500% | 01/01/50 | 58 | 55,495 | ||||
4.500% | 05/01/50 | 47 | 45,580 | ||||
4.500% | 07/01/52 | 132 | 126,101 | ||||
4.500% | 07/01/52 | 757 | 721,064 | ||||
4.500% | 08/01/52 | 1,652 | 1,573,060 | ||||
4.500% | 10/01/52 | 369 | 351,277 | ||||
4.500% | 01/01/53 | 3,892 | 3,705,763 | ||||
5.000% | TBA | 35,430 | 34,567,746 | ||||
5.000% | 06/01/24 | —(r) | 14 | ||||
5.000% | 09/01/25 | —(r) | 195 | ||||
5.000% | 04/01/34 | 2 | 1,617 | ||||
5.000% | 07/01/34 | 2 | 1,765 | ||||
5.000% | 03/01/35 | 76 | 76,738 | ||||
5.000% | 04/01/35 | 8 | 8,432 | ||||
5.000% | 04/01/35 | 85 | 85,314 | ||||
5.000% | 05/01/35 | 10 | 9,888 | ||||
5.000% | 06/01/35 | 3 | 2,676 | ||||
5.000% | 06/01/35 | 5 | 4,817 | ||||
5.000% | 06/01/35 | 10 | 10,353 | ||||
5.000% | 09/01/35 | 6 | 6,342 | ||||
5.000% | 10/01/35 | 13 | 12,611 | ||||
5.000% | 10/01/35 | 66 | 66,329 | ||||
5.000% | 03/01/36 | 24 | 24,495 | ||||
5.000% | 12/01/36 | 2 | 2,295 | ||||
5.000% | 12/01/36 | 83 | 83,867 | ||||
5.000% | 07/01/37 | 2 | 1,697 | ||||
5.000% | 07/01/37 | 231 | 232,710 | ||||
5.000% | 02/01/38 | 9 | 8,938 | ||||
5.000% | 05/01/38 | 60 | 60,307 | ||||
5.000% | 06/01/39 | 8 | 7,572 | ||||
5.000% | 06/01/39 | 35 | 35,145 | ||||
5.000% | 06/01/40 | 28 | 27,795 | ||||
5.000% | 06/01/40 | 36 | 35,838 | ||||
5.000% | 08/01/40 | 54 | 53,647 | ||||
5.000% | 04/01/41 | 111 | 110,971 | ||||
5.000% | 06/01/41 | 6 | 6,294 | ||||
5.000% | 06/01/41 | 17 | 17,383 | ||||
5.000% | 08/01/41 | 3 | 3,290 | ||||
5.000% | 09/01/41 | 48 | 47,531 | ||||
5.000% | 01/01/42 | 61 | 61,197 | ||||
5.000% | 02/01/42 | 17 | 17,338 | ||||
5.000% | 05/01/42 | 33 | 33,229 | ||||
5.000% | 07/01/42 | 74 | 73,617 | ||||
5.000% | 11/01/44 | 109 | 108,864 | ||||
5.000% | 07/01/45 | 290 | 289,791 | ||||
5.000% | 12/01/47 | 538 | 541,083 | ||||
5.000% | 02/01/49 | 322 | 321,949 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
5.000% | 08/01/52 | 542 | $530,173 | ||||
5.000% | 10/01/52 | 28 | 26,992 | ||||
5.000% | 07/01/53 | 422 | 412,150 | ||||
5.000% | 07/01/53 | 1,666 | 1,625,704 | ||||
5.000% | 09/01/53 | 824 | 805,729 | ||||
5.290%(cc) | 08/01/41 | 27 | 26,480 | ||||
5.500% | TBA | 1,050 | 1,044,788 | ||||
5.500% | 09/01/34 | 33 | 33,229 | ||||
5.500% | 11/01/34 | 2 | 2,524 | ||||
5.500% | 12/01/34 | 10 | 10,182 | ||||
5.500% | 04/01/35 | 6 | 6,214 | ||||
5.500% | 11/01/35 | 31 | 32,024 | ||||
5.500% | 12/01/35 | 8 | 8,530 | ||||
5.500% | 01/01/36 | 1 | 1,199 | ||||
5.500% | 01/01/36 | 8 | 8,448 | ||||
5.500% | 03/01/36 | 1 | 1,377 | ||||
5.500% | 03/01/36 | 2 | 1,794 | ||||
5.500% | 05/01/36 | 39 | 39,850 | ||||
5.500% | 05/01/36 | 79 | 81,125 | ||||
5.500% | 07/01/36 | 172 | 175,447 | ||||
5.500% | 11/01/36 | 1 | 718 | ||||
5.500% | 08/01/37 | 2 | 1,952 | ||||
5.500% | 08/01/37 | 12 | 12,431 | ||||
5.500% | 08/01/37 | 48 | 49,205 | ||||
5.500% | 08/01/37 | 90 | 91,638 | ||||
5.500% | 09/01/37 | 33 | 33,887 | ||||
5.500% | 02/01/38 | 12 | 12,296 | ||||
5.500% | 02/01/38 | 80 | 81,712 | ||||
5.500% | 09/01/38 | 47 | 47,519 | ||||
5.500% | 04/01/39 | 25 | 26,017 | ||||
5.500% | 05/01/39 | 26 | 26,487 | ||||
5.500% | 03/01/40 | 49 | 50,278 | ||||
5.500% | 09/01/41 | 1 | 584 | ||||
5.500% | 09/01/41 | 77 | 78,486 | ||||
5.500% | 11/01/52 | 1,992 | 1,990,310 | ||||
5.500% | 03/01/53 | 697 | 693,524 | ||||
5.500% | 08/01/53 | 3,148 | 3,132,142 | ||||
5.500% | 10/01/53 | 807 | 805,127 | ||||
5.500% | 02/01/54 | 530 | 528,818 | ||||
6.000% | TBA | 330 | 333,004 | ||||
6.000% | 11/01/32 | 2 | 1,957 | ||||
6.000% | 03/01/33 | 2 | 1,948 | ||||
6.000% | 04/01/33 | 2 | 1,973 | ||||
6.000% | 02/01/34 | 20 | 20,400 | ||||
6.000% | 08/01/34 | 2 | 1,586 | ||||
6.000% | 11/01/34 | 1 | 1,296 | ||||
6.000% | 11/01/34 | 85 | 87,563 | ||||
6.000% | 11/01/35 | 15 | 15,631 | ||||
6.000% | 12/01/35 | 3 | 2,831 | ||||
6.000% | 02/01/36 | 109 | 112,460 | ||||
6.000% | 04/01/36 | —(r) | 9 | ||||
6.000% | 05/01/36 | 25 | 25,635 | ||||
6.000% | 05/01/36 | 32 | 32,870 | ||||
6.000% | 06/01/36 | 3 | 3,472 | ||||
6.000% | 09/01/36 | 3 | 3,155 | ||||
6.000% | 09/01/36 | 222 | 229,165 | ||||
6.000% | 11/01/36 | 7 | 6,962 |
A43
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.000% | 12/01/36 | 1 | $1,320 | ||||
6.000% | 01/01/37 | —(r) | 23 | ||||
6.000% | 01/01/37 | 3 | 3,026 | ||||
6.000% | 02/01/37 | 2 | 2,330 | ||||
6.000% | 02/01/37 | 28 | 29,382 | ||||
6.000% | 03/01/37 | 12 | 12,508 | ||||
6.000% | 03/01/37 | 72 | 74,900 | ||||
6.000% | 03/01/37 | 181 | 187,297 | ||||
6.000% | 05/01/37 | —(r) | 33 | ||||
6.000% | 05/01/37 | 2 | 1,584 | ||||
6.000% | 06/01/37 | 3 | 3,563 | ||||
6.000% | 08/01/37 | 25 | 26,060 | ||||
6.000% | 08/01/37 | 140 | 144,433 | ||||
6.000% | 10/01/37 | 3 | 2,750 | ||||
6.000% | 02/01/38 | 12 | 12,044 | ||||
6.000% | 03/01/38 | 110 | 113,574 | ||||
6.000% | 04/01/38 | 4 | 4,207 | ||||
6.000% | 05/01/38 | 26 | 26,908 | ||||
6.000% | 08/01/38 | 3 | 3,553 | ||||
6.000% | 09/01/38 | 5 | 5,276 | ||||
6.000% | 10/01/38 | 23 | 23,677 | ||||
6.000% | 12/01/38 | 1 | 1,079 | ||||
6.000% | 04/01/39 | 2 | 1,710 | ||||
6.000% | 06/01/39 | 28 | 29,233 | ||||
6.000% | 09/01/39 | 129 | 133,878 | ||||
6.000% | 10/01/39 | 35 | 36,561 | ||||
6.000% | 02/01/40 | 17 | 17,649 | ||||
6.000% | 10/01/40 | 30 | 31,114 | ||||
6.000% | 12/01/52 | 752 | 760,490 | ||||
6.000% | 01/01/53 | 1,763 | 1,807,763 | ||||
6.000% | 02/01/53 | 1,935 | 1,983,242 | ||||
6.000% | 09/01/53 | 697 | 705,103 | ||||
6.000% | 01/01/54 | 3,706 | 3,739,341 | ||||
6.500% | TBA | 3,175 | 3,243,638 | ||||
6.500% | 07/01/32 | 1 | 939 | ||||
6.500% | 07/01/32 | 8 | 7,852 | ||||
6.500% | 07/01/32 | 13 | 13,365 | ||||
6.500% | 12/01/32 | 1 | 1,377 | ||||
6.500% | 12/01/32 | 3 | 3,322 | ||||
6.500% | 07/01/35 | 4 | 3,833 | ||||
6.500% | 12/01/35 | 32 | 33,042 | ||||
6.500% | 07/01/36 | 1 | 538 | ||||
6.500% | 07/01/36 | 124 | 128,288 | ||||
6.500% | 08/01/36 | 5 | 5,295 | ||||
6.500% | 08/01/36 | 22 | 22,735 | ||||
6.500% | 08/01/36 | 28 | 28,329 | ||||
6.500% | 09/01/36 | 14 | 13,943 | ||||
6.500% | 09/01/36 | 56 | 57,922 | ||||
6.500% | 10/01/36 | 2 | 1,543 | ||||
6.500% | 10/01/36 | 27 | 28,328 | ||||
6.500% | 11/01/36 | 1 | 1,387 | ||||
6.500% | 12/01/36 | 1 | 699 | ||||
6.500% | 10/01/37 | 1 | 990 | ||||
6.500% | 10/01/37 | 23 | 23,966 | ||||
6.500% | 10/01/37 | 91 | 95,411 | ||||
6.500% | 08/01/38 | 10 | 10,298 | ||||
6.500% | 06/01/39 | 7 | 7,215 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
6.500% | 10/01/39 | 35 | $36,195 | ||||
6.500% | 05/01/40 | 32 | 32,803 | ||||
6.500% | 05/01/40 | 36 | 38,199 | ||||
6.500% | 11/01/53 | 1,859 | 1,903,717 | ||||
6.708%(cc) | 02/01/39 | 10 | 10,072 | ||||
7.000% | 01/01/31 | —(r) | 32 | ||||
7.000% | 04/01/32 | —(r) | 29 | ||||
7.000% | 04/01/37 | 8 | 8,617 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.340% (Cap 11.165%, Floor 1.340%) | |||||||
5.590%(c) | 12/01/35 | 1 | 842 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.553% (Cap 9.886%, Floor 1.553%) | |||||||
5.803%(c) | 07/01/35 | 1 | 576 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.584% (Cap 10.387%, Floor 1.584%) | |||||||
5.834%(c) | 12/01/35 | 2 | 2,284 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.655% (Cap 11.030%, Floor 1.655%) | |||||||
5.905%(c) | 08/01/37 | —(r) | 489 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.700% (Cap 10.515%, Floor 1.700%) | |||||||
5.950%(c) | 11/01/37 | 4 | 4,502 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.800% (Cap 7.705%, Floor 1.800%) | |||||||
6.055%(c) | 01/01/42 | 19 | 19,036 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.806% (Cap 8.520%, Floor 1.806%) | |||||||
6.051%(c) | 12/01/40 | 33 | 34,058 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.818% (Cap 7.670%, Floor 1.818%) | |||||||
6.304%(c) | 02/01/42 | 6 | 6,014 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.870% (Cap 11.071%, Floor 1.870%) | |||||||
6.120%(c) | 08/01/36 | 1 | 1,411 | ||||
Federal National Mortgage Assoc., 1 Year RFUCCT + 1.892% (Cap 10.733%, Floor 1.892%) | |||||||
6.142%(c) | 12/01/35 | 1 | 748 | ||||
Government National Mortgage Assoc. | |||||||
1.500% | 12/20/36 | 177 | 152,664 | ||||
1.500% | 01/20/37 | 236 | 202,802 | ||||
1.500% | 05/20/37 | 399 | 343,701 | ||||
2.000% | 01/20/51 | 4,899 | 4,016,899 | ||||
2.000% | 03/20/51 | 1,222 | 1,001,173 | ||||
2.000% | 07/20/51 | 2,917 | 2,390,054 | ||||
2.000% | 08/20/51 | 2,499 | 2,047,128 | ||||
2.000% | 01/20/52 | 3,294 | 2,699,412 | ||||
2.000% | 03/20/52 | 1,430 | 1,171,904 | ||||
2.500% | TBA | 3,750 | 3,193,562 | ||||
2.500% | 08/20/50 | 792 | 676,802 | ||||
2.500% | 08/20/51 | 744 | 634,092 | ||||
2.500% | 10/20/51 | 7,173 | 6,110,323 | ||||
2.500% | 11/20/51 | 1,553 | 1,323,456 | ||||
2.500% | 12/20/51 | 1,837 | 1,565,107 | ||||
2.500% | 03/20/52 | 4,065 | 3,461,844 | ||||
3.000% | 10/15/42 | 9 | 7,852 | ||||
3.000% | 12/15/42 | 3 | 2,386 |
A44
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.000% | 05/15/43 | 7 | $6,637 | ||||
3.000% | 06/15/43 | 1 | 959 | ||||
3.000% | 07/15/43 | 18 | 16,342 | ||||
3.000% | 08/20/43 | 197 | 176,872 | ||||
3.000% | 09/20/43 | 193 | 173,696 | ||||
3.000% | 01/20/44 | 20 | 17,899 | ||||
3.000% | 02/20/44 | 69 | 62,395 | ||||
3.000% | 05/20/45 | 1,169 | 1,046,674 | ||||
3.000% | 05/20/46 | 32 | 28,434 | ||||
3.000% | 05/20/46 | 66 | 58,258 | ||||
3.000% | 05/20/46 | 155 | 138,880 | ||||
3.000% | 06/20/46 | 157 | 138,410 | ||||
3.000% | 07/20/46 | 45 | 39,296 | ||||
3.000% | 07/20/46 | 65 | 56,758 | ||||
3.000% | 07/20/46 | 72 | 64,352 | ||||
3.000% | 07/20/46 | 95 | 83,724 | ||||
3.000% | 07/20/46 | 196 | 172,422 | ||||
3.000% | 07/20/46 | 204 | 179,781 | ||||
3.000% | 08/20/46 | 56 | 49,098 | ||||
3.000% | 08/20/46 | 85 | 74,874 | ||||
3.000% | 08/20/46 | 90 | 79,009 | ||||
3.000% | 09/20/46 | 43 | 37,908 | ||||
3.000% | 09/20/46 | 51 | 44,481 | ||||
3.000% | 10/20/46 | 2,081 | 1,860,015 | ||||
3.000% | 11/20/46 | 953 | 851,877 | ||||
3.000% | 08/20/49 | 99 | 87,107 | ||||
3.000% | 10/20/49 | 234 | 203,027 | ||||
3.000% | 12/20/49 | 4 | 3,962 | ||||
3.000% | 01/20/50 | 6 | 5,357 | ||||
3.000% | 04/20/50 | 70 | 62,022 | ||||
3.000% | 05/20/50 | 546 | 474,867 | ||||
3.000% | 07/20/50 | 78 | 68,704 | ||||
3.000% | 07/20/50 | 132 | 112,696 | ||||
3.000% | 05/20/51 | 609 | 536,826 | ||||
3.000% | 06/20/51 | 476 | 419,629 | ||||
3.000% | 07/20/51 | 2,848 | 2,511,004 | ||||
3.000% | 10/20/51 | 2,084 | 1,837,692 | ||||
3.000% | 06/20/52 | 618 | 544,438 | ||||
3.500% | 05/20/42 | 6 | 5,738 | ||||
3.500% | 08/20/42 | 153 | 141,786 | ||||
3.500% | 11/20/42 | 3 | 3,150 | ||||
3.500% | 12/20/42 | 80 | 73,918 | ||||
3.500% | 03/20/43 | 196 | 178,860 | ||||
3.500% | 04/20/43 | 8 | 7,260 | ||||
3.500% | 05/20/43 | 105 | 97,211 | ||||
3.500% | 08/20/43 | 6 | 5,448 | ||||
3.500% | 11/15/43 | 258 | 240,529 | ||||
3.500% | 03/20/44 | 1 | 1,009 | ||||
3.500% | 10/20/44 | 31 | 28,891 | ||||
3.500% | 02/15/45 | 37 | 34,388 | ||||
3.500% | 02/20/45 | 99 | 90,823 | ||||
3.500% | 03/20/46 | 450 | 414,081 | ||||
3.500% | 04/20/46 | 7 | 6,600 | ||||
3.500% | 05/20/46 | 1 | 1,361 | ||||
3.500% | 05/20/46 | 2 | 2,064 | ||||
3.500% | 05/20/46 | 3 | 2,938 | ||||
3.500% | 05/20/46 | 4 | 3,540 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
3.500% | 05/20/46 | 5 | $4,322 | ||||
3.500% | 05/20/46 | 6 | 5,853 | ||||
3.500% | 06/20/46 | 4 | 3,552 | ||||
3.500% | 06/20/46 | 4 | 4,069 | ||||
3.500% | 06/20/46 | 5 | 4,736 | ||||
3.500% | 06/20/46 | 5 | 5,044 | ||||
3.500% | 06/20/46 | 17 | 15,655 | ||||
3.500% | 06/20/46 | 1,127 | 1,041,377 | ||||
3.500% | 07/20/46 | 86 | 79,735 | ||||
3.500% | 07/20/46 | 327 | 301,603 | ||||
3.500% | 09/20/46 | 104 | 95,495 | ||||
3.500% | 10/20/46 | 1,195 | 1,100,795 | ||||
3.500% | 12/20/47 | 876 | 806,508 | ||||
3.500% | 02/20/48 | 36 | 33,077 | ||||
3.500% | 12/20/49 | 1 | 464 | ||||
3.500% | 12/20/49 | 1 | 1,279 | ||||
3.500% | 12/20/49 | 2 | 1,842 | ||||
3.500% | 01/20/50 | 400 | 367,834 | ||||
3.500% | 03/20/50 | 764 | 699,230 | ||||
3.500% | 04/20/50 | 102 | 93,173 | ||||
3.500% | 05/20/50 | 154 | 141,343 | ||||
3.500% | 11/20/50 | 166 | 152,238 | ||||
3.500% | 07/20/52 | 2,037 | 1,853,513 | ||||
4.000% | 09/20/25 | 2 | 1,834 | ||||
4.000% | 11/20/25 | 5 | 4,663 | ||||
4.000% | 01/20/26 | 1 | 1,425 | ||||
4.000% | 10/20/40 | 15 | 13,990 | ||||
4.000% | 02/20/41 | 17 | 15,982 | ||||
4.000% | 03/20/41 | 65 | 62,723 | ||||
4.000% | 05/20/41 | 130 | 125,239 | ||||
4.000% | 10/15/41 | 6 | 6,064 | ||||
4.000% | 10/15/41 | 26 | 25,128 | ||||
4.000% | 10/15/41 | 30 | 28,672 | ||||
4.000% | 10/20/41 | 175 | 168,272 | ||||
4.000% | 11/20/41 | 25 | 24,414 | ||||
4.000% | 12/20/41 | 13 | 12,166 | ||||
4.000% | 09/20/42 | 13 | 12,214 | ||||
4.000% | 11/20/42 | 10 | 9,957 | ||||
4.000% | 08/20/43 | 5 | 4,594 | ||||
4.000% | 03/20/45 | 719 | 690,589 | ||||
4.000% | 08/20/45 | 47 | 45,311 | ||||
4.000% | 01/15/47 | 5 | 4,597 | ||||
4.000% | 01/15/47 | 5 | 4,962 | ||||
4.000% | 06/20/47 | 496 | 471,569 | ||||
4.000% | 09/20/47 | 318 | 301,946 | ||||
4.000% | 01/20/48 | 166 | 156,266 | ||||
4.000% | 05/20/49 | 50 | 47,411 | ||||
4.000% | 10/20/50 | 981 | 927,775 | ||||
4.000% | 10/20/52 | 4,571 | 4,276,526 | ||||
4.500% | 04/20/35 | 3 | 3,239 | ||||
4.500% | 05/15/39 | 2 | 1,599 | ||||
4.500% | 08/15/39 | 13 | 12,314 | ||||
4.500% | 09/15/39 | 65 | 63,918 | ||||
4.500% | 09/20/39 | 1 | 694 | ||||
4.500% | 10/15/39 | 5 | 4,589 | ||||
4.500% | 11/15/39 | 2 | 2,176 | ||||
4.500% | 11/15/39 | 4 | 3,713 |
A45
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
4.500% | 11/20/39 | 17 | $16,867 | ||||
4.500% | 02/15/40 | 8 | 7,634 | ||||
4.500% | 02/20/40 | 151 | 148,798 | ||||
4.500% | 03/15/40 | 16 | 15,690 | ||||
4.500% | 05/20/40 | 122 | 120,656 | ||||
4.500% | 06/15/40 | 1 | 740 | ||||
4.500% | 06/15/40 | 6 | 5,716 | ||||
4.500% | 06/15/40 | 6 | 6,056 | ||||
4.500% | 06/15/40 | 22 | 21,398 | ||||
4.500% | 06/15/40 | 67 | 66,086 | ||||
4.500% | 07/15/40 | —(r) | 474 | ||||
4.500% | 07/15/40 | 2 | 1,835 | ||||
4.500% | 08/15/40 | 10 | 9,865 | ||||
4.500% | 09/15/40 | 33 | 32,770 | ||||
4.500% | 09/20/40 | 72 | 70,487 | ||||
4.500% | 10/15/40 | 3 | 2,534 | ||||
4.500% | 11/20/40 | 37 | 36,822 | ||||
4.500% | 02/20/41 | 168 | 165,199 | ||||
4.500% | 03/15/41 | 27 | 26,172 | ||||
4.500% | 03/20/41 | 402 | 395,640 | ||||
4.500% | 05/20/41 | 1 | 559 | ||||
4.500% | 05/20/41 | 12 | 12,264 | ||||
4.500% | 06/20/41 | 2 | 2,154 | ||||
4.500% | 07/20/41 | 23 | 22,894 | ||||
4.500% | 08/20/41 | 145 | 142,915 | ||||
4.500% | 11/20/41 | 380 | 374,149 | ||||
4.500% | 02/20/42 | 1 | 679 | ||||
4.500% | 05/20/42 | 4 | 3,702 | ||||
4.500% | 06/20/43 | 1 | 841 | ||||
4.500% | 06/20/44 | 1 | 788 | ||||
4.500% | 10/20/44 | 1 | 767 | ||||
4.500% | 01/20/45 | 1 | 692 | ||||
4.500% | 09/15/45 | 103 | 101,549 | ||||
4.500% | 01/20/46 | 83 | 81,973 | ||||
4.500% | 03/20/46 | 1 | 1,090 | ||||
4.500% | 05/20/46 | 1 | 869 | ||||
4.500% | 07/20/46 | 32 | 31,660 | ||||
4.500% | 08/20/46 | 55 | 54,318 | ||||
4.500% | 09/20/46 | 46 | 44,645 | ||||
4.500% | 01/20/47 | 122 | 120,125 | ||||
4.500% | 09/20/49 | 208 | 200,529 | ||||
4.500% | 10/20/52 | 3,407 | 3,274,670 | ||||
4.500% | 04/20/53 | 744 | 715,110 | ||||
5.000% | TBA | 950 | 933,619 | ||||
5.000% | 11/15/33 | 1 | 849 | ||||
5.000% | 05/15/34 | 53 | 53,087 | ||||
5.000% | 07/20/39 | 27 | 26,968 | ||||
5.000% | 08/15/39 | 2 | 2,070 | ||||
5.000% | 09/15/39 | 21 | 21,130 | ||||
5.000% | 10/15/39 | 4 | 4,222 | ||||
5.000% | 10/15/39 | 14 | 14,506 | ||||
5.000% | 10/20/39 | 1 | 1,297 | ||||
5.000% | 02/15/40 | 43 | 43,353 | ||||
5.000% | 02/15/40 | 43 | 43,353 | ||||
5.000% | 04/15/40 | 19 | 19,215 | ||||
5.000% | 05/20/40 | 109 | 109,684 | ||||
5.000% | 06/15/40 | 13 | 12,906 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
5.000% | 06/15/40 | 16 | $16,177 | ||||
5.000% | 06/20/40 | 77 | 78,112 | ||||
5.000% | 07/15/40 | 2 | 2,143 | ||||
5.000% | 08/15/40 | 4 | 4,036 | ||||
5.000% | 08/20/40 | 60 | 60,319 | ||||
5.000% | 09/15/40 | 3 | 2,916 | ||||
5.000% | 09/15/40 | 3 | 3,521 | ||||
5.000% | 09/20/40 | 40 | 40,248 | ||||
5.000% | 03/20/41 | 83 | 83,417 | ||||
5.000% | 08/20/41 | 93 | 94,017 | ||||
5.000% | 06/20/47 | 98 | 98,292 | ||||
5.000% | 04/20/48 | 41 | 40,641 | ||||
5.000% | 06/20/48 | 57 | 57,155 | ||||
5.000% | 09/20/48 | 352 | 349,856 | ||||
5.000% | 12/20/48 | 288 | 286,861 | ||||
5.000% | 05/20/49 | 19 | 19,355 | ||||
5.000% | 06/20/49 | 959 | 953,727 | ||||
5.500% | TBA | 1,385 | 1,383,699 | ||||
5.500% | 10/20/32 | —(r) | 262 | ||||
5.500% | 03/20/34 | 1 | 896 | ||||
5.500% | 01/20/36 | 181 | 186,457 | ||||
5.500% | 03/20/48 | 78 | 80,225 | ||||
5.500% | 04/20/48 | 60 | 61,218 | ||||
5.500% | 05/20/48 | 27 | 27,632 | ||||
5.500% | 09/20/48 | 1 | 928 | ||||
5.500% | 10/20/48 | 16 | 16,574 | ||||
5.500% | 11/20/48 | 79 | 80,254 | ||||
5.500% | 12/20/48 | 290 | 295,277 | ||||
5.500% | 01/20/49 | 71 | 71,334 | ||||
5.500% | 03/20/49 | 106 | 107,292 | ||||
5.500% | 04/20/49 | 6 | 5,656 | ||||
6.000% | TBA | 2,510 | 2,531,938 | ||||
6.000% | 12/20/38 | 282 | 290,324 | ||||
6.000% | 05/15/40 | 84 | 86,966 | ||||
6.500% | TBA | 1,565 | 1,591,093 | ||||
8.500% | 06/15/26 | —(r) | 172 | ||||
Total U.S. Government Agency Obligations (cost $550,541,872) | 526,172,481 | ||||||
U.S. Treasury Obligations — 2.8% | |||||||
U.S. Treasury Bonds | |||||||
3.375% | 08/15/42 | 24,920 | 21,536,331 | ||||
3.625% | 02/15/53 | 16,465 | 14,466,046 | ||||
3.625% | 05/15/53 | 5,671 | 4,986,313 | ||||
3.875% | 02/15/43 | 8,680 | 8,027,644 | ||||
4.000% | 11/15/42(k) | 29,285 | 27,596,537 | ||||
4.125% | 08/15/53 | 21,865 | 21,031,397 | ||||
4.750% | 11/15/53 | 32,250 | 34,447,031 | ||||
U.S. Treasury Inflation Indexed Bonds, TIPS | |||||||
0.125% | 04/15/25 | 456 | 444,320 | ||||
0.125% | 10/15/25 | 4,970 | 4,822,962 | ||||
0.125% | 10/15/26 | 3,381 | 3,225,868 | ||||
0.125% | 04/15/27 | 5,963 | 5,619,438 | ||||
0.375% | 01/15/27 | 781 | 744,736 | ||||
0.375% | 07/15/27 | 278 | 264,261 | ||||
0.625% | 01/15/26 | 1,904 | 1,848,556 | ||||
0.625% | 07/15/32 | 2 | 1,735 |
A46
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Treasury Obligations(continued) | |||||||
0.750% | 02/15/42 | 11 | $8,832 | ||||
1.250% | 04/15/28 | 63 | 61,179 | ||||
1.375% | 07/15/33 | 47,486 | 45,619,511 | ||||
1.500% | 02/15/53 | 24 | 21,319 | ||||
1.750% | 01/15/34 | 15,932 | 15,749,569 | ||||
2.125% | 02/15/54 | 2 | 1,628 | ||||
2.375% | 10/15/28 | 11,296 | 11,567,509 | ||||
U.S. Treasury Notes | |||||||
0.625% | 08/15/30 | 9,650 | 7,729,047 | ||||
1.375% | 11/15/31 | 27,130 | 22,170,297 | ||||
1.500% | 02/15/30 | 4,606 | 3,959,721 | ||||
2.750% | 02/15/28 | 3,024 | 2,854,514 | ||||
3.250% | 06/30/27 | 25,355 | 24,491,345 | ||||
4.125% | 06/15/26 | 20,430 | 20,230,489 | ||||
4.125% | 08/31/30(a) | 19,145 | 19,029,831 | ||||
4.500% | 07/15/26 | 20,770 | 20,742,415 | ||||
4.625% | 09/15/26 | 30,497 | 30,568,678 | ||||
4.625% | 10/15/26 | 34,720 | 34,820,363 | ||||
Total U.S. Treasury Obligations (cost $418,331,462) | 408,689,422 | ||||||
Total Long-Term Investments (cost $10,691,488,938) | 12,311,465,998 |
Shares | |||||
Short-Term Investments — 23.6% | |||||
Affiliated Mutual Funds — 22.6% | |||||
PGIM Core Ultra Short Bond Fund(wa) | 2,103,549,002 | 2,103,549,002 | |||
PGIM Institutional Money Market Fund (7-day effective yield 5.664%) (cost $1,141,860,634; includes $1,135,776,305 of cash collateral for securities on loan)(b)(wa) | 1,142,305,880 | 1,141,734,727 | |||
Total Affiliated Mutual Funds (cost $3,245,409,636) | 3,245,283,729 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligation(n) — 1.0% | |||||||
U.S. Treasury Bills | |||||||
5.229% | 05/09/24 | 140,000 | 139,221,359 | ||||
(cost $139,244,117) | |||||||
Total Short-Term Investments (cost $3,384,653,753) | 3,384,505,088 | ||||||
TOTAL INVESTMENTS—109.3% (cost $14,076,142,691) | 15,695,971,086 | ||||||
Liabilities in excess of other assets(z) — (9.3)% | (1,335,006,538) | ||||||
Net Assets — 100.0% | $14,360,964,548 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
BRL | Brazilian Real |
COP | Colombian Peso |
EUR | Euro |
GBP | British Pound |
IDR | Indonesian Rupiah |
INR | Indian Rupee |
KRW | South Korean Won |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
PEN | Peruvian Nuevo Sol |
TWD | New Taiwanese Dollar |
ZAR | South African Rand |
144A | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
ADR | American Depositary Receipt |
BARC | Barclays Bank PLC |
BNP | BNP Paribas S.A. |
BOA | Bank of America, N.A. |
CDI | Chess Depository Interest |
CDX | Credit Derivative Index |
CITI | Citibank, N.A. |
CLO | Collateralized Loan Obligation |
CMBX | Commercial Mortgage-Backed Index |
CMT | Constant Maturity Treasury |
CVT | Convertible Security |
DAC | Designated Activity Company |
DB | Deutsche Bank AG |
EAFE | Europe, Australasia, Far East |
EMTN | Euro Medium Term Note |
FHLMC | Federal Home Loan Mortgage Corporation |
FREMF | Freddie Mac Mortgage Trust |
GDR | Global Depositary Receipt |
GMTN | Global Medium Term Note |
GSI | Goldman Sachs International |
HSBC | HSBC Bank PLC |
IO | Interest Only (Principal amount represents notional) |
JPM | JPMorgan Chase Bank N.A. |
LP | Limited Partnership |
M | Monthly payment frequency for swaps |
MSCI | Morgan Stanley Capital International |
MSI | Morgan Stanley & Co International PLC |
MTN | Medium Term Note |
NYSE | New York Stock Exchange |
OTC | Over-the-counter |
PIK | Payment-in-Kind |
PJSC | Public Joint-Stock Company |
PRFC | Preference Shares |
Q | Quarterly payment frequency for swaps |
RBC | Royal Bank of Canada |
REITs | Real Estate Investment Trust |
REMIC | Real Estate Mortgage Investment Conduit |
RFUCCT | Refinitiv USD IBOR Consumer Cash Fallbacks Term |
S&P | Standard & Poor’s |
SDR | Sweden Depositary Receipt |
SOFR | Secured Overnight Financing Rate |
SSB | State Street Bank & Trust Company |
STRIPs | Separate Trading of Registered Interest and Principal of Securities |
A47
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
TBA | To Be Announced |
TIPS | Treasury Inflation-Protected Securities |
UAG | UBS AG |
XAMS | Amsterdam Stock Exchange |
XASX | Australian Stock Exchange |
XLON | London Stock Exchange |
XNGS | NASDAQ Global Select Exchange |
XTSE | Toronto Stock Exchange |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $316,240 and 0.0% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $1,109,462,810; cash collateral of $1,135,776,305 (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. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2024. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of March 31, 2024. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(oo) | Perpetual security. Maturity date represents next call date. |
(r) | Principal or notional amount is less than $500 par. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(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: | ||||||||
1,364 | 2 Year U.S. Treasury Notes | Jun. 2024 | $278,916,689 | $(334,457) | ||||
3,767 | 5 Year U.S. Treasury Notes | Jun. 2024 | 403,127,878 | 473,865 | ||||
1,806 | 10 Year U.S. Treasury Notes | Jun. 2024 | 200,099,165 | 510,854 | ||||
1,294 | 20 Year U.S. Treasury Bonds | Jun. 2024 | 155,846,125 | 1,743,562 | ||||
619 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 79,851,000 | 655,049 | ||||
1,854 | Mini MSCI EAFE Index | Jun. 2024 | 218,503,170 | 1,284,251 | ||||
804 | Russell 2000 E-Mini Index | Jun. 2024 | 86,265,180 | 1,664,149 | ||||
2,270 | S&P 500 E-Mini Index | Jun. 2024 | 602,514,750 | 12,013,380 | ||||
18,010,653 | ||||||||
Short Positions: | ||||||||
55 | 10 Year Euro-Bund | Jun. 2024 | 7,914,336 | (66,323) | ||||
374 | 10 Year U.S. Treasury Notes | Jun. 2024 | 41,438,033 | (115,979) | ||||
631 | 10 Year U.S. Ultra Treasury Notes | Jun. 2024 | 72,318,519 | 28,847 | ||||
259 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2024 | 33,411,000 | (530,344) | ||||
(683,799) | ||||||||
$17,326,854 |
Forward foreign currency
exchange contracts outstanding at March 31, 2024:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 06/04/24 | GSI | BRL | 3,902 | $778,270 | $773,159 | $— | $(5,111) |
A48
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Forward foreign currency exchange
contracts outstanding at March 31, 2024 (continued):
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro, | |||||||||||||
Expiring 05/24/24 | BNP | EUR | 269 | $292,054 | $290,707 | $— | $(1,347) | ||||||
Expiring 05/24/24 | CITI | EUR | 246 | 267,530 | 265,684 | — | (1,846) | ||||||
Expiring 05/24/24 | CITI | EUR | 162 | 177,420 | 175,445 | — | (1,975) | ||||||
Expiring 05/24/24 | GSI | EUR | 445 | 482,327 | 481,087 | — | (1,240) | ||||||
Expiring 05/24/24 | JPM | EUR | 159 | 174,830 | 172,275 | — | (2,555) | ||||||
Expiring 05/24/24 | JPM | EUR | 132 | 144,288 | 142,745 | — | (1,543) | ||||||
Expiring 05/24/24 | MSI | EUR | 290 | 317,718 | 313,409 | — | (4,309) | ||||||
Expiring 05/24/24 | MSI | EUR | 159 | 173,320 | 172,200 | — | (1,120) | ||||||
Indian Rupee, | |||||||||||||
Expiring 04/05/24 | HSBC | INR | 90,894 | 1,090,903 | 1,089,889 | — | (1,014) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 04/05/24 | DB | IDR | 43,107,400 | 2,728,316 | 2,715,020 | — | (13,296) | ||||||
Expiring 04/05/24 | DB | IDR | 22,325,812 | 1,410,972 | 1,406,140 | — | (4,832) | ||||||
Expiring 04/05/24 | DB | IDR | 20,098,162 | 1,270,427 | 1,265,836 | — | (4,591) | ||||||
Expiring 04/05/24 | HSBC | IDR | 36,072,991 | 2,311,038 | 2,271,974 | — | (39,064) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 04/03/24 | GSI | TWD | 17,874 | 561,180 | 558,391 | — | (2,789) | ||||||
Expiring 04/03/24 | GSI | TWD | 17,874 | 561,600 | 558,405 | — | (3,195) | ||||||
Expiring 04/03/24 | GSI | TWD | 17,868 | 562,474 | 558,220 | — | (4,254) | ||||||
Expiring 04/03/24 | GSI | TWD | 16,981 | 532,245 | 530,515 | — | (1,730) | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 04/05/24 | BNP | PEN | 1,343 | 362,593 | 360,841 | — | (1,752) | ||||||
Expiring 04/05/24 | BNP | PEN | 1,343 | 359,891 | 360,841 | 950 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 04/05/24 | HSBC | KRW | 6,048,550 | 4,547,867 | 4,483,133 | — | (64,734) | ||||||
Expiring 07/05/24 | BARC | KRW | 3,035,528 | 2,263,681 | 2,260,600 | — | (3,081) | ||||||
$21,370,944 | $21,206,516 | 950 | (165,378) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 06/04/24 | GSI | BRL | 21,215 | $4,209,921 | $4,203,199 | $6,722 | $— | ||||||
British Pound, | |||||||||||||
Expiring 04/19/24 | SSB | GBP | 342 | 435,826 | 431,853 | 3,973 | — | ||||||
Colombian Peso, | |||||||||||||
Expiring 06/07/24 | BNP | COP | 1,087,262 | 269,642 | 277,985 | — | (8,343) | ||||||
Expiring 06/07/24 | BNP | COP | 1,076,390 | 269,272 | 275,205 | — | (5,933) | ||||||
Expiring 06/07/24 | MSI | COP | 1,092,699 | 273,640 | 279,375 | — | (5,735) | ||||||
Expiring 06/07/24 | MSI | COP | 1,092,699 | 273,510 | 279,375 | — | (5,865) | ||||||
Expiring 06/07/24 | MSI | COP | 1,087,262 | 271,030 | 277,985 | — | (6,955) | ||||||
Euro, | |||||||||||||
Expiring 05/24/24 | BARC | EUR | 358 | 386,304 | 386,792 | — | (488) | ||||||
Expiring 05/24/24 | BNP | EUR | 974 | 1,058,228 | 1,053,349 | 4,879 | — | ||||||
Expiring 05/24/24 | BNP | EUR | 608 | 658,445 | 657,312 | 1,133 | — | ||||||
Expiring 05/24/24 | DB | EUR | 763 | 824,540 | 824,855 | — | (315) | ||||||
Expiring 05/24/24 | DB | EUR | 434 | 469,578 | 469,163 | 415 | — | ||||||
Expiring 05/24/24 | DB | EUR | 332 | 360,505 | 358,989 | 1,516 | — | ||||||
Expiring 05/24/24 | DB | EUR | 166 | 180,048 | 179,202 | 846 | — | ||||||
Expiring 05/24/24 | DB | EUR | 90 | 97,007 | 97,044 | — | (37) | ||||||
Expiring 05/24/24 | HSBC | EUR | 88 | 95,701 | 95,215 | 486 | — | ||||||
Expiring 05/24/24 | JPM | EUR | 632 | 687,883 | 683,513 | 4,370 | — | ||||||
Expiring 05/24/24 | SSB | EUR | 20,811 | 22,508,331 | 22,503,055 | 5,276 | — |
A49
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Forward foreign currency exchange
contracts outstanding at March 31, 2024 (continued):
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro (cont’d.), | |||||||||||||
Expiring 05/24/24 | SSB | EUR | 4,886 | $5,284,286 | $5,283,047 | $1,239 | $— | ||||||
Expiring 05/24/24 | SSB | EUR | 1,134 | 1,225,992 | 1,225,705 | 287 | — | ||||||
Indian Rupee, | |||||||||||||
Expiring 04/05/24 | CITI | INR | 26,508 | 317,993 | 317,854 | 139 | — | ||||||
Expiring 04/05/24 | DB | INR | 35,196 | 421,753 | 422,026 | — | (273) | ||||||
Expiring 04/05/24 | DB | INR | 31,998 | 383,480 | 383,675 | — | (195) | ||||||
Indonesian Rupiah, | |||||||||||||
Expiring 04/05/24 | BOA | IDR | 35,731,504 | 2,252,222 | 2,250,467 | 1,755 | — | ||||||
Expiring 04/05/24 | DB | IDR | 38,090,394 | 2,445,356 | 2,399,036 | 46,320 | — | ||||||
Expiring 04/05/24 | HSBC | IDR | 47,782,467 | 3,077,665 | 3,009,469 | 68,196 | — | ||||||
Expiring 07/05/24 | DB | IDR | 43,107,400 | 2,720,997 | 2,708,568 | 12,429 | — | ||||||
Expiring 07/05/24 | DB | IDR | 22,325,812 | 1,407,237 | 1,402,799 | 4,438 | — | ||||||
Expiring 07/05/24 | DB | IDR | 20,098,162 | 1,267,064 | 1,262,829 | 4,235 | — | ||||||
Malaysian Ringgit, | |||||||||||||
Expiring 06/07/24 | BOA | MYR | 6,471 | 1,354,986 | 1,360,090 | — | (5,104) | ||||||
Expiring 06/07/24 | BOA | MYR | 5,604 | 1,176,074 | 1,177,963 | — | (1,889) | ||||||
Expiring 06/07/24 | BOA | MYR | 5,189 | 1,088,911 | 1,090,666 | — | (1,755) | ||||||
Mexican Peso, | |||||||||||||
Expiring 04/12/24 | BOA | MXN | 25,733 | 1,499,656 | 1,544,411 | — | (44,755) | ||||||
Expiring 04/12/24 | BOA | MXN | 25,349 | 1,483,289 | 1,521,360 | — | (38,071) | ||||||
Expiring 04/12/24 | MSI | MXN | 25,733 | 1,494,274 | 1,544,411 | — | (50,137) | ||||||
Expiring 04/12/24 | RBC | MXN | 19,204 | 1,119,661 | 1,152,545 | — | (32,884) | ||||||
Expiring 04/12/24 | UAG | MXN | 23,731 | 1,372,448 | 1,424,227 | — | (51,779) | ||||||
New Taiwanese Dollar, | |||||||||||||
Expiring 04/03/24 | HSBC | TWD | 70,597 | 2,273,436 | 2,205,531 | 67,905 | — | ||||||
Expiring 07/05/24 | GSI | TWD | 17,874 | 564,672 | 561,491 | 3,181 | — | ||||||
Expiring 07/05/24 | GSI | TWD | 17,874 | 564,973 | 561,506 | 3,467 | — | ||||||
Expiring 07/05/24 | GSI | TWD | 17,868 | 566,037 | 561,319 | 4,718 | — | ||||||
Expiring 07/05/24 | GSI | TWD | 16,981 | 535,113 | 533,460 | 1,653 | — | ||||||
Peruvian Nuevo Sol, | |||||||||||||
Expiring 04/05/24 | MSI | PEN | 1,343 | 361,694 | 360,841 | 853 | — | ||||||
Expiring 04/05/24 | MSI | PEN | 1,343 | 361,694 | 360,841 | 853 | — | ||||||
Expiring 07/05/24 | BNP | PEN | 1,343 | 362,075 | 360,276 | 1,799 | — | ||||||
Expiring 07/05/24 | BNP | PEN | 1,343 | 359,322 | 360,276 | — | (954) | ||||||
South African Rand, | |||||||||||||
Expiring 07/12/24 | BNP | ZAR | 21,929 | 1,160,973 | 1,147,616 | 13,357 | — | ||||||
South Korean Won, | |||||||||||||
Expiring 04/05/24 | BARC | KRW | 3,035,528 | 2,252,878 | 2,249,907 | 2,971 | — | ||||||
Expiring 04/05/24 | BNP | KRW | 3,013,022 | 2,266,623 | 2,233,226 | 33,397 | — | ||||||
$76,352,245 | $76,310,904 | 302,808 | (261,467) | ||||||||||
$303,758 | $(426,845) |
Credit default swap agreements
outstanding at March 31, 2024:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2024(4) | Value at Trade Date | Value at March 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||
Community Healthcare Systems, Inc. | 12/20/26 | 5.000%(Q) | 650 | 10.688% | $(110,124) | $(83,127) | $26,997 | ||||||||
Freeport-McMoRan, Inc. | 12/20/28 | 1.000%(Q) | 1,963 | 0.955% | (7,529) | 4,410 | 11,939 |
A50
AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Credit default swap agreements
outstanding at March 31, 2024 (continued):
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2024(4) | Value at Trade Date | Value at March 31, 2024 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.): | |||||||||||||||
Mexico Government International Bond | 12/20/28 | 1.000%(Q) | 12,151 | 0.835% | $58,499 | $89,278 | $30,779 | ||||||||
$(59,154) | $10,561 | $69,715 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at March 31, 2024(4) | Value at Trade Date | Value at March 31, 2024 | Unrealized Appreciation (Depreciation) | |||||||||
Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2): | ||||||||||||||||
CDX.EM.41.V1 | 06/20/29 | 1.000%(Q) | 249,600 | 1.684% | $(7,564,029) | $(7,554,568) | $9,461 | |||||||||
CDX.EM.IG.40.V1 | 12/20/28 | 1.000%(Q) | 8,685 | 0.632% | 112,620 | 138,586 | 25,966 | |||||||||
CDX.NA.HY.41.V2 | 12/20/28 | 5.000%(Q) | 96,624 | 3.116% | 393,496 | 7,274,549 | 6,881,053 | |||||||||
CDX.NA.IG.41.V1 | 12/20/28 | 1.000%(Q) | 90,206 | 0.463% | 1,582,059 | 2,089,229 | 507,170 | |||||||||
CDX.NA.IG.42.V1 | 06/20/29 | 1.000%(Q) | 987,350 | 0.513% | 21,945,490 | 22,632,196 | 686,706 | |||||||||
$16,469,636 | $24,579,992 | $8,110,356 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
OTC Credit Default Swap Agreements on credit indices - Buy Protection(1): | |||||||||||||||
CMBX.AAA | 11/18/64 | 0.500%(M) | 34,453 | $349,056 | $899,796 | $(550,740) | MSI | ||||||||
CMBX.AAA | 04/17/65 | 0.500%(M) | 1,350 | 18,140 | 41,771 | (23,631) | MSI | ||||||||
$367,196 | $941,567 | $(574,371) |
The Portfolio entered into
credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the
reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the
credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Portfolio is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Portfolio is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Portfolio could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Portfolio is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
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AST T. ROWE PRICE ASSET
ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
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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