NPORT-EX 2 PIPD7Z1ASTBalancedAssetAllPt.htm
AST BALANCED ASSET ALLOCATION PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares#   Value
Long-Term Investments — 79.2%
Affiliated Mutual Funds
AST AB Global Bond Portfolio*
23,768,121   $268,579,770
AST AQR Emerging Markets Equity Portfolio*
993,313   9,357,011
AST AQR Large Cap Core Portfolio*
20,939,979   336,086,655
AST BlackRock/Loomis Sayles Bond Portfolio*
17,138,285   249,533,424
AST ClearBridge Dividend Growth Portfolio*
29,875,603   503,105,159
AST Emerging Markets Equity Portfolio*
568,629   3,809,813
AST Goldman Sachs Global Income Portfolio*
11,969,330   138,245,760
AST Goldman Sachs Small-Cap Value Portfolio*
3,506,748   56,388,511
AST High Yield Portfolio*
1,524,290   14,587,455
AST Hotchkis & Wiley Large-Cap Value Portfolio*
3,564,291   74,814,472
AST International Growth Portfolio*
16,116,821   272,213,108
AST International Value Portfolio*
14,677,899   225,158,971
AST Jennison Large-Cap Growth Portfolio*
5,181,771   183,434,693
AST Large-Cap Core Portfolio*
20,145,376   337,837,961
AST Loomis Sayles Large-Cap Growth Portfolio*
5,883,855   331,908,245
AST MFS Growth Portfolio*
6,325,625   184,391,977
AST MFS Large-Cap Value Portfolio*
18,204,006   324,213,341
AST Mid-Cap Growth Portfolio*
2,486,247   23,892,833
AST Neuberger Berman/LSV Mid-Cap Value Portfolio*
385,866   8,381,007
AST PIMCO Dynamic Bond Portfolio*
5,450,651   52,217,237
AST Prudential Core Bond Portfolio*
73,350,562   951,356,795
AST QMA International Core Equity Portfolio*
21,410,213   206,180,354
AST Small-Cap Growth Opportunities Portfolio*
2,493,592   44,660,231
AST Small-Cap Growth Portfolio*
1,088,554   43,629,230
AST Small-Cap Value Portfolio*
834,665   14,965,535
AST T. Rowe Price Large-Cap Growth Portfolio*
5,728,473   228,050,497
AST T. Rowe Price Large-Cap Value Portfolio*
15,973,674   194,080,143
AST Templeton Global Bond Portfolio*
23,137   248,958
AST WEDGE Capital Mid-Cap Value Portfolio*
497,723   7,291,639
AST Wellington Management Global Bond Portfolio*
58,676,951   700,016,027
AST Western Asset Core Plus Bond Portfolio*
28,388,913   378,991,985
AST Western Asset Emerging Markets Debt Portfolio*
1,324,044   14,246,712
 
Total Long-Term Investments

(cost $6,147,866,677)(w)
  6,381,875,509
    
      Shares   Value
Short-Term Investments — 13.3%
Affiliated Mutual Fund — 12.2%
PGIM Core Ultra Short Bond Fund

(cost $985,818,512)(w)
985,818,512   $985,818,512
    
Interest
Rate 		  Maturity
Date 		  Principal
Amount
(000)# 		 
U.S. Treasury Obligations(k)(n) — 1.1%
U.S. Treasury Bills
0.061%   02/25/21     86,500 86,401,137
0.139%   06/18/20     250 249,943
 
Total U.S. Treasury Obligations

(cost $86,701,480)
  86,651,080
 
Total Short-Term Investments

(cost $1,072,519,992)
  1,072,469,592
 
TOTAL INVESTMENTS—92.5%

(cost $7,220,386,669)
  7,454,345,101
 
Other assets in excess of liabilities(z) — 7.5%
  604,869,041
 
Net Assets — 100.0%
  $8,059,214,142
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
EAFE Europe, Australasia, Far East
MSCI Morgan Stanley Capital International
S&P Standard & Poor’s
    
* Non-income producing security.
# Principal amount is shown in U.S. dollars unless otherwise stated.
(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.
(w) PGIM Investments LLC, the co-manager of the Portfolio, also serves as the manager/co-manager of the underlying portfolios in which the Portfolio invests.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
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AST BALANCED ASSET ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
Futures contracts outstanding at March 31, 2020:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
688   2 Year U.S. Treasury Notes   Jun. 2020   $151,623,375   $24,728
2,579   10 Year U.S. Treasury Notes   Jun. 2020   357,675,062   1,941,145
2,819   Mini MSCI EAFE Index   Jun. 2020   219,783,335   2,942,954
700   Russell 2000 E-Mini Index   Jun. 2020   40,166,000   496,003
6,001   S&P 500 E-Mini Index   Jun. 2020   771,038,485   6,864,699
                $12,269,529
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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