NPORT-EX 2 PIPD401ASTIntlValPt.htm
AST INTERNATIONAL VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 98.1%
Common Stocks — 97.0%
Australia — 3.7%
AGL Energy Ltd.
266,900   $2,609,438
Beach Energy Ltd.
2,168,800   2,072,328
BHP Group Ltd.
166,300   4,250,533
BHP Group PLC
419,733   8,943,414
Fortescue Metals Group Ltd.
751,600   8,822,368
Harvey Norman Holdings Ltd.
1,222,969   3,987,714
Inghams Group Ltd.
832,600   1,783,233
Link Administration Holdings Ltd.
949,100   2,552,934
Metcash Ltd.
1,048,400   2,076,965
Mirvac Group, REIT
1,537,100   2,409,194
Myer Holdings Ltd.*(a)
2,108,600   319,599
Perenti Global Ltd.
1,790,400   1,475,993
Qantas Airways Ltd.*
1,139,900   3,354,929
Rio Tinto Ltd.
84,300   5,716,818
St. Barbara Ltd.
1,386,200   2,971,374
Stockland, REIT
1,210,000   3,296,297
Super Retail Group Ltd.
409,600   3,106,916
            59,750,047
Austria — 0.6%
BAWAG Group AG, 144A*
112,300   4,057,372
OMV AG*
99,000   2,714,410
Wienerberger AG*
135,700   3,582,773
            10,354,555
Belgium — 0.5%
Bekaert SA
126,200   2,623,240
Telenet Group Holding NV
80,300   3,119,066
UCB SA
24,700   2,804,033
            8,546,339
Canada — 1.5%
Canadian National Railway Co.
89,453   9,526,740
Suncor Energy, Inc.
537,516   6,563,787
TMX Group Ltd.
80,862   8,316,054
            24,406,581
China — 2.6%
Autohome, Inc., ADR(a)
81,438   7,818,048
China Resources Cement Holdings Ltd.
2,324,000   3,203,250
ENN Energy Holdings Ltd.
495,600   5,449,212
ESR Cayman Ltd., 144A*
2,403,600   7,474,856
Kingboard Holdings Ltd.
841,000   2,783,368
Lee & Man Paper Manufacturing Ltd.
2,779,000   2,022,430
Ping An Insurance Group Co. of China Ltd. (Class H Stock)
1,024,000   10,607,720
Shenzhen International Holdings Ltd.
1,220,500   1,943,568
            41,302,452
Denmark — 2.0%
Carlsberg A/S (Class B Stock)
77,211   10,403,681
Danske Bank A/S*
211,700   2,869,767
Dfds A/S*
53,800   1,801,290
Pandora A/S
74,900   5,361,731
      Shares   Value
Common Stocks (continued)
Denmark (cont’d.)
Vestas Wind Systems A/S
75,072   $12,130,036
            32,566,505
Finland — 1.5%
Nordea Bank Abp*
1,445,032   11,019,362
Sampo OYJ (Class A Stock)
218,778   8,651,502
Valmet OYJ
156,600   3,866,297
            23,537,161
France — 12.3%
Air Liquide SA
89,354   14,167,368
Alstom SA*
193,400   9,634,870
Arkema SA
52,200   5,528,822
Atos SE*
42,000   3,382,589
AXA SA
268,200   4,945,452
BNP Paribas SA*
204,241   7,403,572
Bouygues SA
118,900   4,125,972
Capgemini SE
48,400   6,206,594
Carrefour SA
340,700   5,457,392
Cie de Saint-Gobain*
117,200   4,928,492
Cie Generale des Etablissements Michelin SCA
30,500   3,251,551
CNP Assurances*
224,900   2,810,885
Credit Agricole SA*
349,200   3,055,596
Engie SA*
1,674,697   22,391,034
Imerys SA
65,000   2,417,650
Natixis SA*
818,900   1,838,650
Orange SA
637,600   6,635,195
Peugeot SA*
164,100   2,975,118
Rubis SCA
68,000   2,729,571
Safran SA*
116,077   11,441,212
Sanofi
362,419   36,234,369
Societe BIC SA
55,500   2,911,984
Societe Generale SA*
110,300   1,457,671
Sopra Steria Group*
16,500   2,625,610
TOTAL SE
71,900   2,453,118
Vinci SA
79,132   6,624,221
Vivendi SA
720,131   20,026,145
            197,660,703
Germany — 9.3%
Allianz SE
39,500   7,576,593
Aurubis AG
46,100   3,132,100
Bayer AG
109,400   6,737,003
Bayerische Motoren Werke AG
57,500   4,163,802
Continental AG
64,657   6,986,263
Daimler AG
74,100   3,983,374
Deutsche Lufthansa AG*(a)
180,400   1,553,197
Deutsche Post AG
227,200   10,331,563
Deutsche Telekom AG
270,100   4,514,205
Duerr AG
50,765   1,559,982
Fresenius Medical Care AG & Co. KGaA
100,144   8,452,605
Fresenius SE & Co. KGaA
103,400   4,700,947
HeidelbergCement AG
44,900   2,747,559
HOCHTIEF AG
40,100   3,116,025
Infineon Technologies AG
250,921   7,056,897
A1
AST INTERNATIONAL VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Germany (cont’d.)
Merck KGaA
66,313   $9,656,953
METRO AG
192,900   1,925,082
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
15,800   3,999,177
ProSiebenSat.1 Media SE*
297,789   3,891,098
Rheinmetall AG
48,200   4,333,776
SAP SE
180,157   27,997,769
Siltronic AG
29,500   2,649,554
United Internet AG
133,500   5,105,572
Volkswagen AG*(a)
28,900   5,046,466
Vonovia SE
130,439   8,940,955
            150,158,517
Hong Kong — 1.3%
CK Asset Holdings Ltd.
344,000   1,688,118
Dah Sing Financial Holdings Ltd.
484,312   1,171,645
Tongda Group Holdings Ltd.
25,930,000   1,404,105
WH Group Ltd., 144A
9,393,500   7,687,483
Xinyi Glass Holdings Ltd.
2,690,000   5,437,249
Yue Yuen Industrial Holdings Ltd.
1,711,000   2,780,504
            20,169,104
Ireland — 0.7%
C&C Group PLC
539,600   1,366,698
Ryanair Holdings PLC, ADR*
78,004   6,377,607
Smurfit Kappa Group PLC
74,600   2,924,303
            10,668,608
Israel — 0.8%
Bank Leumi Le-Israel BM
1,404,912   6,204,395
Check Point Software Technologies Ltd.*
41,400   4,982,076
Isracard Ltd.
12,844   31,856
Teva Pharmaceutical Industries Ltd.*
249,600   2,257,495
            13,475,822
Italy — 2.5%
A2A SpA
2,380,000   3,461,889
Enel SpA
2,699,759   23,429,446
Leonardo SpA
500,100   2,926,083
Mediobanca Banca di Credito Finanziario SpA
387,800   3,038,880
Pirelli & C SpA, 144A*
328,100   1,407,097
Unipol Gruppo SpA*
649,500   2,838,008
UnipolSai Assicurazioni SpA
1,147,600   2,994,475
            40,095,878
Japan — 20.9%
AEON REIT Investment Corp., REIT
2,200   2,539,326
AGC, Inc.
111,800   3,275,675
Aozora Bank Ltd.
151,900   2,519,977
Astellas Pharma, Inc.
440,900   6,569,398
Brother Industries Ltd.
152,600   2,422,304
Credit Saison Co. Ltd.
196,600   2,082,629
Dai-ichi Life Holdings, Inc.
329,500   4,631,398
Daito Trust Construction Co. Ltd.
28,000   2,480,969
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Daiwa House Industry Co. Ltd.
537,395   $13,787,091
Daiwabo Holdings Co. Ltd.
40,100   2,582,663
DTS Corp.
102,900   2,189,001
EDION Corp.
255,000   2,668,029
Fuyo General Lease Co. Ltd.
52,700   3,262,420
Haseko Corp.
261,600   3,433,458
Hazama Ando Corp.
303,400   2,097,860
Heiwado Co. Ltd.
47,600   1,026,558
Hitachi Ltd.
470,100   15,916,762
Honda Motor Co. Ltd.
249,000   5,870,371
Isuzu Motors Ltd.
392,900   3,436,258
ITOCHU Corp.
197,900   5,060,148
Japan Airlines Co. Ltd.*
99,800   1,869,616
Japan Aviation Electronics Industry Ltd.
192,000   2,645,518
Kandenko Co. Ltd.
259,800   2,123,926
Kaneka Corp.
80,100   2,245,458
Kao Corp.
121,090   9,066,983
KDDI Corp.
367,500   9,265,909
Keiyo Bank Ltd. (The)
398,600   1,845,906
Lintec Corp.
78,800   1,834,012
Makita Corp.
247,400   11,822,656
Marubeni Corp.
676,100   3,832,807
Matsumotokiyoshi Holdings Co. Ltd.
80,600   2,941,729
Medipal Holdings Corp.
158,200   3,168,654
Mitsubishi Chemical Holdings Corp.
310,900   1,790,468
Mitsubishi Gas Chemical Co., Inc.
224,200   4,164,732
Mitsubishi UFJ Financial Group, Inc.
804,500   3,181,843
Mitsubishi UFJ Lease & Finance Co. Ltd.
685,800   3,166,261
Mitsui & Co. Ltd.
188,800   3,240,624
Mitsui Chemicals, Inc.
133,800   3,208,623
Mizuho Financial Group, Inc.
248,490   3,102,957
Nexon Co. Ltd.
689,000   17,174,033
Nikon Corp.
203,100   1,365,777
Nintendo Co. Ltd.
34,500   19,589,073
Nippon Telegraph & Telephone Corp.
526,700   10,735,831
Nippon Television Holdings, Inc.
218,000   2,340,832
Nishi-Nippon Financial Holdings, Inc.
334,900   2,336,526
Nomura Holdings, Inc.
1,115,200   5,063,445
Nomura Real Estate Holdings, Inc.
173,500   3,289,988
NS Solutions Corp.
94,100   2,904,584
NTT DOCOMO, Inc.
97,500   3,595,219
Obayashi Corp.
361,500   3,282,037
ORIX Corp.
361,300   4,486,262
Rengo Co. Ltd.
328,200   2,477,484
Resona Holdings, Inc.
766,500   2,605,604
Sankyu, Inc.
77,000   3,028,723
Sawai Pharmaceutical Co. Ltd.
54,600   2,753,018
Seino Holdings Co. Ltd.
207,500   3,004,327
Shionogi & Co. Ltd.
93,500   5,003,198
Shizuoka Gas Co. Ltd.
320,500   2,848,533
SKY Perfect JSAT Holdings, Inc.
544,400   2,379,862
Sojitz Corp.(a)
1,318,700   2,990,899
Sompo Holdings, Inc.
97,700   3,366,415
Sumitomo Corp.
162,000   1,942,050
Sumitomo Forestry Co. Ltd.
128,300   2,041,139
Sumitomo Heavy Industries Ltd.
117,000   2,711,653
Sumitomo Mitsui Financial Group, Inc.
496,100   13,779,517
 
A2
AST INTERNATIONAL VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Suzuki Motor Corp.
157,800   $6,744,226
Teijin Ltd.
169,600   2,628,664
Toho Holdings Co. Ltd.
66,400   1,432,698
Tokai Rika Co. Ltd.
15,800   235,662
Tokuyama Corp.
115,200   2,775,565
Tokyo Seimitsu Co. Ltd.
79,700   2,533,467
Towa Pharmaceutical Co. Ltd.
88,700   1,778,839
Toyota Motor Corp.
46,900   3,092,922
Tsubakimoto Chain Co.
96,900   2,283,546
Ube Industries Ltd.
170,800   2,880,146
Ulvac, Inc.
93,500   3,393,248
Valor Holdings Co. Ltd.
49,400   1,366,207
Yamaha Corp.
139,100   6,657,271
Yokohama Rubber Co. Ltd. (The)
184,800   2,626,561
Z Holdings Corp.
933,595   6,220,125
            336,116,153
Luxembourg — 0.3%
ArcelorMittal SA*
415,574   5,556,087
Mexico — 0.3%
Arca Continental SAB de CV
921,000   3,969,903
Netherlands — 4.2%
ABN AMRO Bank NV, 144A, CVA*
262,900   2,208,280
Aegon NV
740,800   1,928,086
ASR Nederland NV
81,200   2,738,995
ING Groep NV*
361,900   2,570,823
JDE Peet’s BV*
135,326   5,526,099
Koninklijke Ahold Delhaize NV
395,600   11,718,327
Koninklijke DSM NV
95,651   15,766,471
NN Group NV
130,800   4,909,686
Pharming Group NV*(a)
1,782,300   1,980,040
Royal Dutch Shell PLC (Class B Stock)
214,200   2,596,622
Signify NV, 144A*
177,200   6,571,733
Wolters Kluwer NV
113,080   9,648,262
            68,163,424
New Zealand — 0.2%
Air New Zealand Ltd.*
2,577,100   2,352,455
Norway — 1.8%
DNB ASA*
289,200   3,989,889
Equinor ASA
488,006   6,934,431
Leroy Seafood Group ASA
541,300   3,115,186
Telenor ASA
614,393   10,296,581
Yara International ASA
106,000   4,079,406
            28,415,493
Portugal — 0.6%
EDP - Energias de Portugal SA
1,562,906   7,681,662
Galp Energia SGPS SA
229,383   2,123,710
            9,805,372
Singapore — 1.0%
DBS Group Holdings Ltd.
761,040   11,176,790
Hong Leong Asia Ltd.
957,700   320,546
Venture Corp. Ltd.
298,000   4,213,680
            15,711,016
      Shares   Value
Common Stocks (continued)
South Africa — 0.4%
Anglo American PLC
263,200   $6,343,254
Investec PLC
451,400   831,051
            7,174,305
South Korea — 0.7%
Samsung Electronics Co. Ltd.
225,346   11,203,449
Spain — 1.6%
Banco Santander SA*
4,855,549   9,078,654
Enagas SA
104,600   2,408,972
Iberdrola SA
501,000   6,149,242
Mapfre SA
1,497,000   2,347,092
Repsol SA
580,400   3,887,671
Telefonica SA
728,500   2,501,789
            26,373,420
Sweden — 2.9%
Betsson AB*
232,400   1,787,795
Boliden AB
157,700   4,681,098
Hexagon AB (Class B Stock)*
76,065   5,737,233
Sandvik AB*
479,216   9,346,017
Securitas AB (Class B Stock)*
250,100   3,825,761
Skanska AB (Class B Stock)*
204,000   4,303,488
SKF AB (Class B Stock)
135,100   2,784,580
Swedish Orphan Biovitrum AB*
232,900   5,644,220
Volvo AB (Class B Stock)*
455,700   8,785,054
            46,895,246
Switzerland — 7.7%
ABB Ltd.
652,235   16,570,958
Adecco Group AG
58,400   3,072,946
Baloise Holding AG
17,600   2,587,181
Credit Suisse Group AG
580,000   5,809,176
dormakaba Holding AG*
5,500   2,977,254
Flughafen Zurich AG*
35,995   4,939,819
Helvetia Holding AG
43,100   3,666,047
Novartis AG
434,978   37,708,672
Roche Holding AG
68,500   23,464,348
Swiss Life Holding AG
19,100   7,227,946
UBS Group AG
666,000   7,424,395
Vontobel Holding AG
36,500   2,396,798
Zurich Insurance Group AG
18,600   6,474,827
            124,320,367
United Arab Emirates — 0.1%
Network International Holdings PLC, 144A*
289,971   1,025,486
United Kingdom — 12.2%
3i Group PLC
331,633   4,266,026
Ashtead Group PLC
54,100   1,945,836
Aviva PLC
733,900   2,699,981
Babcock International Group PLC
572,500   1,849,156
BAE Systems PLC
1,772,500   10,993,489
Barclays PLC*
1,773,000   2,234,984
Barratt Developments PLC
379,200   2,321,251
Bellway PLC
79,000   2,388,914
Berkeley Group Holdings PLC
48,400   2,635,375
British American Tobacco PLC
289,800   10,401,383
 
A3
AST INTERNATIONAL VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
United Kingdom (cont’d.)
BT Group PLC
2,564,400   $3,250,398
CK Hutchison Holdings Ltd.
606,500   3,673,688
Compass Group PLC
487,181   7,322,484
Dialog Semiconductor PLC*
83,400   3,638,500
Dixons Carphone PLC
1,147,300   1,383,926
GlaxoSmithKline PLC
879,800   16,459,690
Go-Ahead Group PLC (The)
108,600   814,198
Imperial Brands PLC
254,100   4,483,351
Inchcape PLC*
296,900   1,685,779
Informa PLC*
1,251,039   6,052,852
International Consolidated Airlines Group SA(a)
565,500   688,864
J Sainsbury PLC
1,977,300   4,863,348
Kingfisher PLC
1,524,100   5,829,901
Legal & General Group PLC
1,100,000   2,657,774
Lloyds Banking Group PLC*
3,543,200   1,200,192
Marks & Spencer Group PLC
1,280,000   1,606,094
Marston’s PLC
565,400   321,788
Micro Focus International PLC*
388,900   1,231,353
Premier Foods PLC*(a)
200,276   239,742
Prudential PLC
652,339   9,338,505
Redrow PLC*
246,100   1,281,178
RELX PLC
782,550   17,407,198
Royal Mail PLC
314,600   967,388
RSA Insurance Group PLC*
984,815   5,749,010
Tate & Lyle PLC
624,800   5,361,527
Taylor Wimpey PLC
1,347,900   1,881,748
Tesco PLC
7,774,749   21,318,534
Unilever PLC
242,573   14,932,019
Vesuvius PLC*
385,700   1,966,322
Vistry Group PLC*
302,600   2,221,245
Wm Morrison Supermarkets PLC
1,990,529   4,360,019
            195,925,010
United States — 2.8%
Aon PLC (Class A Stock)
68,644   14,161,257
Ferguson PLC
102,320   10,311,689
Medtronic PLC
204,156   21,215,892
            45,688,838
 
Total Common Stocks

(cost $1,607,298,393)
  1,561,388,296
Preferred Stocks — 1.1%
Germany
Porsche Automobil Holding SE (PRFC)*
107,300   6,386,308
Volkswagen AG (PRFC)*
74,028   11,889,429
 
Total Preferred Stocks

(cost $18,448,098)
  18,275,737
    
      Units   Value
Warrants* — 0.0%
United States
Boart Longyear Ltd., expiring 09/13/24
11,105   $24
(cost $0)      
 
Total Long-Term Investments

(cost $1,625,746,491)
  1,579,664,057
    
      Shares  
Short-Term Investments — 1.9%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
11,003,801 11,003,801
PGIM Institutional Money Market Fund

(cost $19,103,182; includes $19,098,736 of cash collateral for securities on loan)(b)(w)
19,106,359 19,102,538
 
Total Short-Term Investments

(cost $30,106,983)
30,106,339
 
TOTAL INVESTMENTS—100.0%
(cost $1,655,853,474) 		1,609,770,396
 
Other assets in excess of liabilities — 0.0% 464,239
 
Net Assets — 100.0% $1,610,234,635
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
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
CVA Certificate Van Aandelen (Bearer)
PRFC Preference Shares
REITs Real Estate Investment Trust
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $18,662,199; cash collateral of $19,098,736 (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.
(w) PGIM Investments LLC, the co-manager of the Portfolio, also serves as the manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund.
 
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).
A4