NPORT-EX 2 PIPDFZ1PRU033124.htm
AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Long-Term Investments — 80.7%
Affiliated Mutual Fund — 10.9%
Fixed Income
AST PGIM Fixed Income Central Portfolio*

153,431,334   $1,643,249,589
(cost $1,549,705,624)(wa)      
Common Stocks — 56.8%
Aerospace & Defense — 1.0%
AAR Corp.*

6,200   371,194
Airbus SE (France)

43,721   8,054,668
Axon Enterprise, Inc.*

1,355   423,952
BAE Systems PLC (United Kingdom)

320,521   5,463,418
Bharat Electronics Ltd. (India)

18,036   43,683
Boeing Co. (The)*

123,392   23,813,422
BWX Technologies, Inc.

2,303   236,334
Curtiss-Wright Corp.

40,908   10,469,993
Embraer SA (Brazil), ADR*

12,371   329,563
General Dynamics Corp.

25,238   7,129,483
Hanwha Aerospace Co. Ltd. (South Korea)

183   28,228
HEICO Corp.

139   26,549
HEICO Corp. (Class A Stock)

233   35,868
Hexcel Corp.

2,578   187,807
Hindustan Aeronautics Ltd. (India)

1,002   40,097
Howmet Aerospace, Inc.

201,000   13,754,430
Huntington Ingalls Industries, Inc.

1,815   529,018
Kongsberg Gruppen ASA (Norway)

37,323   2,577,075
L3Harris Technologies, Inc.

35,295   7,521,364
Lockheed Martin Corp.

3,794   1,725,777
Melrose Industries PLC (United Kingdom)

179,387   1,523,157
Mercury Systems, Inc.*

1,568   46,256
Moog, Inc. (Class A Stock)

9,700   1,548,605
MTU Aero Engines AG (Germany)

9,483   2,405,138
Northrop Grumman Corp.

35,983   17,223,623
Rheinmetall AG (Germany)

5,490   3,087,693
Rolls-Royce Holdings PLC (United Kingdom)*

1,194,315   6,425,852
RTX Corp.

96,721   9,433,199
Saab AB (Sweden) (Class B Stock)

11,044   982,396
Safran SA (France)

48,665   11,021,246
Spirit AeroSystems Holdings, Inc. (Class A Stock)*

2,976   107,344
Textron, Inc.

9,375   899,344
Thales SA (France)

3,794   646,803
TransDigm Group, Inc.

2,308   2,842,533
Triumph Group, Inc.*

63,700   958,048
V2X, Inc.*

4,000   186,840
Woodward, Inc.

16,519   2,545,908
            144,645,908
Air Freight & Logistics — 0.2%
C.H. Robinson Worldwide, Inc.(a)

2,855   217,380
Deutsche Post AG (Germany)

70,317   3,030,479
Expeditors International of Washington, Inc.(a)

6,416   779,993
FedEx Corp.

59,774   17,318,919
GXO Logistics, Inc.*

3,538   190,203
Hyundai Glovis Co. Ltd. (South Korea)

5,022   674,022
      Shares   Value
Common Stocks (continued)
Air Freight & Logistics (cont’d.)
Nippon Express Holdings, Inc. (Japan)

4,800   $245,017
United Parcel Service, Inc. (Class B Stock)

33,413   4,966,174
            27,422,187
Automobile Components — 0.2%
Aptiv PLC*(a)

115,371   9,189,300
BorgWarner, Inc.(a)

11,193   388,845
Bridgestone Corp. (Japan)

20,000   886,395
Cie Generale des Etablissements Michelin SCA (France)

113,569   4,352,347
Dana, Inc.

27,200   345,440
Denso Corp. (Japan)

202,900   3,885,875
Gentex Corp.(a)

7,083   255,838
Goodyear Tire & Rubber Co. (The)*

10,500   144,165
Hankook Tire & Technology Co. Ltd. (South Korea)

17,598   707,114
Hyundai Mobis Co. Ltd. (South Korea)

3,115   604,739
Johnson Electric Holdings Ltd. (Hong Kong)

159,500   221,102
Koito Manufacturing Co. Ltd. (Japan)

86,400   1,164,641
Lear Corp.

1,748   253,250
Phinia, Inc.

1,442   55,416
QuantumScape Corp.*(a)

10,004   62,925
Sumitomo Electric Industries Ltd. (Japan)

86,900   1,346,544
TPR Co. Ltd. (Japan)

120,800   1,882,696
Visteon Corp.*

16,200   1,905,282
            27,651,914
Automobiles — 0.9%
Bajaj Auto Ltd. (India)

318   34,986
Bayerische Motoren Werke AG (Germany)

37,551   4,332,591
Brilliance China Automotive Holdings Ltd. (China)

16,000   11,043
BYD Co. Ltd. (China) (Class H Stock)

78,743   2,016,219
Eicher Motors Ltd. (India)

384   18,548
Ferrari NV (Italy)

26,780   11,677,031
Ford Motor Co.

1,215,422   16,140,804
General Motors Co.

286,103   12,974,771
Harley-Davidson, Inc.

10,989   480,659
Hero MotoCorp Ltd. (India)

611   34,691
Honda Motor Co. Ltd. (Japan)

202,700   2,508,147
Hyundai Motor Co. (South Korea)

4,015   706,513
Kia Corp. (South Korea)

11,890   988,169
Li Auto, Inc. (China) (Class A Stock)*

20,800   315,838
Lucid Group, Inc.*(a)

22,715   64,738
Mahindra & Mahindra Ltd. (India)

111,851   2,583,910
Mazda Motor Corp. (Japan)

164,100   1,901,854
Mercedes-Benz Group AG (Germany)

65,404   5,208,574
Rivian Automotive, Inc. (Class A Stock)*(a)

20,036   219,394
Stellantis NV

189,453   5,382,179
Subaru Corp. (Japan)

132,000   2,989,517
Tata Motors Ltd. (India)

28,789   343,695
Tata Motors Ltd. (India) (Class A Stock)

2,369   18,740
Tesla, Inc.*

305,695   53,738,124
A1

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Automobiles (cont’d.)
Thor Industries, Inc.(a)

1,547   $181,525
Toyota Motor Corp. (Japan)

667,200   16,863,460
TVS Motor Co. Ltd. (India)

10,677   276,345
Volkswagen AG (Germany)

1,859   283,977
Volvo Car AB (Sweden) (Class B Stock)*

173,600   657,247
            142,953,289
Banks — 2.9%
ABN AMRO Bank NV (Netherlands), 144A, CVA

108,809   1,861,967
Abu Dhabi Islamic Bank PJSC (United Arab Emirates)

84,820   252,237
Agricultural Bank of China Ltd. (China) (Class H Stock)

153,000   64,583
AIB Group PLC (Ireland)

96,539   490,074
Akbank TAS (Turkey)

715,081   1,034,099
Alinma Bank (Saudi Arabia)

5,430   63,442
Amalgamated Financial Corp.

33,700   808,800
Ameris Bancorp

22,600   1,093,388
ANZ Group Holdings Ltd. (Australia)

195,759   3,751,939
Arab National Bank (Saudi Arabia)

13,113   103,358
Associated Banc-Corp.

31,800   684,018
Axos Financial, Inc.*

21,200   1,145,648
Banc of California, Inc.

14,200   215,982
Banco Bilbao Vizcaya Argentaria SA (Spain)

654,457   7,793,601
Banco BPM SpA (Italy)

131,520   875,039
Banco Bradesco SA (Brazil)

8,132   20,689
Banco del Bajio SA (Mexico), 144A

75,400   293,275
Banco do Brasil SA (Brazil)

74,700   844,199
Banco Santander SA (Spain)

1,413,252   6,902,933
Bancolombia SA (Colombia)

1,791   15,896
Bank Central Asia Tbk PT (Indonesia)

6,174,042   3,926,307
Bank Mandiri Persero Tbk PT (Indonesia)

5,568,599   2,533,674
Bank of America Corp.

1,443,899   54,752,650
Bank of Baroda (India)

13,545   43,031
Bank of Beijing Co. Ltd. (China) (Class A Stock)

9,896   7,701
Bank of Changsha Co. Ltd. (China) (Class A Stock)

55,100   58,543
Bank of Chengdu Co. Ltd. (China) (Class A Stock)

32,000   59,669
Bank of Communications Co. Ltd. (China) (Class H Stock)

786,000   516,882
Bank of Hangzhou Co. Ltd. (China) (Class A Stock)

37,200   56,668
Bank of Shanghai Co. Ltd. (China) (Class A Stock)

65,000   60,069
Bank of Suzhou Co. Ltd. (China) (Class A Stock)

55,300   54,306
Bank OZK

3,222   146,472
Bank Polska Kasa Opieki SA (Poland)

995   45,216
Bank Rakyat Indonesia Persero Tbk PT (Indonesia)

836,000   319,665
BankUnited, Inc.

96,525   2,702,700
Barclays PLC (United Kingdom)

1,686,087   3,907,756
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
BayCom Corp.

22,500   $463,725
BNP Paribas SA (France)

43,964   3,130,012
BOC Hong Kong Holdings Ltd. (China)

1,044,500   2,800,607
BOK Financial Corp.

905   83,260
Brookline Bancorp, Inc.

37,581   374,307
Byline Bancorp, Inc.

34,900   758,028
CaixaBank SA (Spain)(a)

540,227   2,621,494
Capitol Federal Financial, Inc.

54,000   321,840
Central Pacific Financial Corp.

11,700   231,075
China CITIC Bank Corp. Ltd. (China) (Class H Stock)

1,426,000   760,629
China Construction Bank Corp. (China) (Class H Stock)

1,704,000   1,028,319
China Everbright Bank Co. Ltd. (China) (Class H Stock)

1,524,000   438,511
China Minsheng Banking Corp. Ltd. (China) (Class H Stock)

1,634,500   566,457
Chongqing Rural Commercial Bank Co. Ltd. (China) (Class A Stock)

91,700   58,732
CIMB Group Holdings Bhd (Malaysia)

34,000   47,099
Citigroup, Inc.

91,573   5,791,077
Citizens Financial Group, Inc.

259,472   9,416,239
Columbia Banking System, Inc.

6,292   121,750
Comerica, Inc.

6,444   354,356
Commerce Bancshares, Inc.(a)

3,668   195,138
Commercial Bank PSQC (The) (Qatar)

13,601   18,437
Commerzbank AG (Germany)

26,820   368,619
Commonwealth Bank of Australia (Australia)

91,360   7,166,229
ConnectOne Bancorp, Inc.

7,800   152,100
Credit Agricole SA (France)

138,382   2,064,373
CrossFirst Bankshares, Inc.*

15,600   215,904
Cullen/Frost Bankers, Inc.

1,779   200,262
Customers Bancorp, Inc.*

17,800   944,468
Danske Bank A/S (Denmark)

72,723   2,182,884
DBS Group Holdings Ltd. (Singapore)

76,500   2,041,618
Dime Community Bancshares, Inc.

42,000   808,920
DNB Bank ASA (Norway)

61,456   1,221,595
Dubai Islamic Bank PJSC (United Arab Emirates)

61,758   98,211
East West Bancorp, Inc.(a)

69,824   5,523,777
Eastern Bankshares, Inc.

86,325   1,189,558
Emirates NBD Bank PJSC (United Arab Emirates)

61,487   289,728
Erste Group Bank AG (Austria)

62,006   2,763,466
Eurobank Ergasias Services & Holdings SA (Greece)*

13,721   26,383
Fifth Third Bancorp

32,235   1,199,464
Financial Institutions, Inc.

38,100   717,042
First Bancorp

7,326   264,615
First Citizens BancShares, Inc. (Class A Stock)

292   477,420
First Financial Bancorp

8,800   197,296
First Foundation, Inc.

62,000   468,100
First Hawaiian, Inc.

3,850   84,546
First Horizon Corp.

16,803   258,766
First Interstate BancSystem, Inc. (Class A Stock)

14,202   386,436
 
A2

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
Flushing Financial Corp.

62,000   $781,820
FNB Corp.

10,825   152,633
Fulton Financial Corp.

11,800   187,502
Grupo Financiero Banorte SAB de CV (Mexico) (Class O Stock)

13,400   142,327
Haci Omer Sabanci Holding A/S (Turkey)

277,098   711,062
Hana Financial Group, Inc. (South Korea)

32,546   1,424,793
Hang Seng Bank Ltd. (Hong Kong)

31,500   345,294
HDFC Bank Ltd. (India)

1,776   30,969
Heartland Financial USA, Inc.

19,200   674,880
Heritage Financial Corp.

4,916   95,321
Hilltop Holdings, Inc.

4,927   154,314
HomeStreet, Inc.

37,600   565,880
HomeTrust Bancshares, Inc.

18,100   494,854
Hope Bancorp, Inc.

83,900   965,689
Horizon Bancorp, Inc.

28,900   370,787
HSBC Holdings PLC (United Kingdom)

1,378,882   10,778,480
Huaxia Bank Co. Ltd. (China) (Class A Stock)

69,900   62,301
Huntington Bancshares, Inc.

85,066   1,186,671
ICICI Bank Ltd. (India)

5,974   78,759
Independent Bank Group, Inc.

21,200   967,780
Industrial & Commercial Bank of China Ltd. (China) (Class H Stock)

1,422,000   714,745
Industrial Bank Co. Ltd. (China) (Class A Stock)

31,700   70,968
Industrial Bank of Korea (South Korea)

414,075   4,294,872
ING Groep NV (Netherlands)

238,452   3,925,704
Intesa Sanpaolo SpA (Italy)

1,990,549   7,226,763
JPMorgan Chase & Co.

430,287   86,186,486
KB Financial Group, Inc. (South Korea)

22,134   1,156,668
KBC Group NV (Belgium)

8,350   626,017
KeyCorp

43,999   695,624
Lloyds Banking Group PLC (United Kingdom)

3,930,176   2,570,323
M&T Bank Corp.

7,861   1,143,304
Malayan Banking Bhd (Malaysia)

15,000   30,593
Mediobanca Banca di Credito Finanziario SpA (Italy)

36,194   539,344
Metropolitan Bank & Trust Co. (Philippines)

9,240   10,731
MidWestOne Financial Group, Inc.

19,900   466,456
Mitsubishi UFJ Financial Group, Inc. (Japan)

711,100   7,234,804
Mizuho Financial Group, Inc. (Japan)

85,400   1,688,811
MVB Financial Corp.

30,700   684,917
National Australia Bank Ltd. (Australia)

257,373   5,827,462
National Bank of Greece SA (Greece)*

25,383   198,552
National Bank of Kuwait SAKP (Kuwait)

73,979   230,812
NatWest Group PLC (United Kingdom)

830,435   2,781,411
Nedbank Group Ltd. (South Africa)

2,257   27,230
New York Community Bancorp, Inc.(a)

21,527   69,317
Nordea Bank Abp (Finland)(a)

358,878   4,057,004
NU Holdings Ltd. (Brazil) (Class A Stock)*

1,127,913   13,456,002
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
OceanFirst Financial Corp.

6,400   $105,024
Old National Bancorp(a)

80,400   1,399,764
OTP Bank Nyrt (Hungary)

1,265   58,231
Oversea-Chinese Banking Corp. Ltd. (Singapore)

390,300   3,899,827
Pacific Premier Bancorp, Inc.

15,000   360,000
Pathward Financial, Inc.

2,800   141,344
Ping An Bank Co. Ltd. (China) (Class A Stock)

6,500   9,396
Pinnacle Financial Partners, Inc.(a)

28,548   2,451,702
PNC Financial Services Group, Inc. (The)

91,769   14,829,870
Popular, Inc. (Puerto Rico)

52,853   4,655,821
Prosperity Bancshares, Inc.

2,665   175,304
QCR Holdings, Inc.

10,900   662,066
Regions Financial Corp.(a)

44,089   927,633
Renasant Corp.

8,700   272,484
Sandy Spring Bancorp, Inc.

13,400   310,612
Santander Bank Polska SA (Poland)

192   27,340
Saudi Awwal Bank (Saudi Arabia)

5,175   57,275
Sberbank of Russia PJSC (Russia)^

83,328  
Shanghai Rural Commercial Bank Co. Ltd. (China) (Class A Stock)

64,600   58,814
Shinhan Financial Group Co. Ltd. (South Korea)

31,921   1,126,016
Simmons First National Corp. (Class A Stock)

55,300   1,076,138
Skandinaviska Enskilda Banken AB (Sweden) (Class A Stock)

167,525   2,269,552
Standard Bank Group Ltd. (South Africa)

8,874   86,818
Standard Chartered PLC (United Kingdom)

148,396   1,258,060
State Bank of India (India)

4,650   42,113
Sumitomo Mitsui Financial Group, Inc. (Japan)

37,200   2,175,185
Sumitomo Mitsui Trust Holdings, Inc. (Japan)

11,400   245,631
Svenska Handelsbanken AB (Sweden) (Class A Stock)(a)

66,657   673,901
Swedbank AB (Sweden) (Class A Stock)(a)

80,084   1,589,487
Synovus Financial Corp.

4,368   174,982
Texas Capital Bancshares, Inc.*

14,700   904,785
TMBThanachart Bank PCL (Thailand)

896,800   44,752
Truist Financial Corp.

500,633   19,514,674
Turkiye Is Bankasi A/S (Turkey) (Class C Stock)

2,593,499   899,845
U.S. Bancorp

74,439   3,327,423
UniCredit SpA (Italy)

212,933   8,087,047
Union Bank of India Ltd. (India)

8,018   14,818
United Overseas Bank Ltd. (Singapore)

116,900   2,541,410
Univest Financial Corp.

26,900   560,058
Veritex Holdings, Inc.

40,800   835,992
Webster Financial Corp.

5,164   262,176
Wells Fargo & Co.

561,677   32,554,799
Western Alliance Bancorp

12,850   824,842
Westpac Banking Corp. (Australia)

251,957   4,285,326
 
A3

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
Wintrust Financial Corp.

3,449   $360,041
Woori Financial Group, Inc. (South Korea)

85,010   922,120
Yapi ve Kredi Bankasi A/S (Turkey)*

1,353,952   1,150,983
Zions Bancorp NA

4,450   193,130
            442,890,995
Beverages — 0.6%
Anheuser-Busch InBev SA/NV (Belgium)

23,497   1,430,357
Asahi Group Holdings Ltd. (Japan)

43,100   1,582,626
Boston Beer Co., Inc. (The) (Class A Stock)*

23   7,002
Brown-Forman Corp. (Class A Stock)

340   18,003
Brown-Forman Corp. (Class B Stock)

4,425   228,419
Carlsberg A/S (Denmark) (Class B Stock)

6,381   873,847
Coca-Cola Co. (The)

542,246   33,174,610
Coca-Cola Consolidated, Inc.

2,200   1,862,102
Coca-Cola Europacific Partners PLC (United Kingdom)

13,200   923,340
Coca-Cola Femsa SAB de CV (Mexico), UTS

11,030   107,079
Coca-Cola HBC AG (Italy)*

31,667   1,000,686
Constellation Brands, Inc. (Class A Stock)

7,308   1,986,022
Diageo PLC (United Kingdom)

123,402   4,566,148
Keurig Dr. Pepper, Inc.

430,333   13,198,313
Kirin Holdings Co. Ltd. (Japan)

42,500   591,018
Kweichow Moutai Co. Ltd. (China) (Class A Stock)

1,267   297,225
Luzhou Laojiao Co. Ltd. (China) (Class A Stock)

400   10,205
Molson Coors Beverage Co. (Class B Stock)

8,450   568,263
Monster Beverage Corp.*

12,952   767,795
PepsiCo, Inc.

102,622   17,959,876
Pernod Ricard SA (France)

3,666   593,467
United Spirits Ltd. (India)

1,863   25,368
Varun Beverages Ltd. (India)

145,143   2,439,351
            84,211,122
Biotechnology — 1.0%
AbbVie, Inc.

222,118   40,447,688
ACADIA Pharmaceuticals, Inc.*

173,000   3,198,770
Agios Pharmaceuticals, Inc.*(a)

42,300   1,236,852
Alkermes PLC*(a)

91,900   2,487,733
Alnylam Pharmaceuticals, Inc.*(a)

749   111,938
Amgen, Inc.

80,391   22,856,769
Amicus Therapeutics, Inc.*(a)

17,000   200,260
Apellis Pharmaceuticals, Inc.*

8,288   487,169
Arcutis Biotherapeutics, Inc.*

47,089   466,652
Biogen, Inc.*

7,018   1,513,291
BioMarin Pharmaceutical, Inc.*

15,484   1,352,372
Blueprint Medicines Corp.*(a)

19,900   1,887,714
Cabaletta Bio, Inc.*(a)

21,268   362,832
CareDx, Inc.*

27,000   285,930
Celldex Therapeutics, Inc.*

1,914   80,331
      Shares   Value
Common Stocks (continued)
Biotechnology (cont’d.)
Crinetics Pharmaceuticals, Inc.*

10,353   $484,624
CSL Ltd.

32,708   6,136,921
Cytokinetics, Inc.*

5,100   357,561
Day One Biopharmaceuticals, Inc.*(a)

42,800   707,056
Denali Therapeutics, Inc.*

22,200   455,544
Editas Medicine, Inc.*

25,200   186,984
Emergent BioSolutions, Inc.*(a)

86,000   217,580
Enanta Pharmaceuticals, Inc.*

26,700   466,182
Exact Sciences Corp.*

3,563   246,061
Exelixis, Inc.*

32,951   781,927
Fate Therapeutics, Inc.*(a)

32,200   236,348
Genmab A/S (Denmark)*

4,861   1,457,467
Gilead Sciences, Inc.

59,780   4,378,885
Halozyme Therapeutics, Inc.*

56,700   2,306,556
Immunovant, Inc.*

14,500   468,495
Incyte Corp.*

114,197   6,505,803
Ionis Pharmaceuticals, Inc.*(a)

602   26,097
iTeos Therapeutics, Inc.*

40,900   557,876
Kiniksa Pharmaceuticals Ltd. (Class A Stock)*

72,400   1,428,452
Krystal Biotech, Inc.*(a)

2,551   453,899
Kyverna Therapeutics, Inc.*(a)

6,915   171,769
MiMedx Group, Inc.*(a)

242,600   1,868,020
Mirati Therapeutics, Inc.*^

1,574  
Moderna, Inc.*(a)

15,833   1,687,164
Morphic Holding, Inc.*(a)

24,800   872,960
Natera, Inc.*

2,920   267,063
Regeneron Pharmaceuticals, Inc.*

4,755   4,576,640
Relay Therapeutics, Inc.*

71,000   589,300
Rocket Pharmaceuticals, Inc.*

48,900   1,317,366
Roivant Sciences Ltd.*(a)

556   5,860
Swedish Orphan Biovitrum AB (Sweden)*

25,218   629,444
Syndax Pharmaceuticals, Inc.*

6,800   161,840
Tourmaline Bio, Inc.(a)

3,930   89,997
Travere Therapeutics, Inc.*

12,900   99,459
Twist Bioscience Corp.*(a)

51,800   1,777,258
United Therapeutics Corp.*

33,387   7,669,662
Vanda Pharmaceuticals, Inc.*

177,400   729,114
Vaxcyte, Inc.*(a)

4,176   285,263
Veracyte, Inc.*

11,900   263,704
Vertex Pharmaceuticals, Inc.*

48,767   20,385,094
            148,283,596
Broadline Retail — 2.0%
Alibaba Group Holding Ltd. (China)

61,756   558,449
Amazon.com, Inc.*

1,380,656   249,042,729
ContextLogic, Inc. (Class A Stock)*

18,900   107,541
Dollarama, Inc. (Canada)

10,286   783,590
eBay, Inc.

103,457   5,460,460
Etsy, Inc.*

3,721   255,707
JD.com, Inc. (China), ADR(a)

6,400   175,296
Kohl’s Corp.

3,393   98,906
Macy’s, Inc.

8,200   163,918
MercadoLibre, Inc. (Brazil)*

15,979   24,159,609
MINISO Group Holding Ltd. (China), ADR

600   12,300
Next PLC (United Kingdom)

57,981   6,758,525
 
A4

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Broadline Retail (cont’d.)
Nordstrom, Inc.(a)

3,466   $70,256
Ollie’s Bargain Outlet Holdings, Inc.*

1,265   100,656
Pan Pacific International Holdings Corp. (Japan)

43,200   1,144,874
PDD Holdings, Inc. (China), ADR*

25,402   2,952,983
Prosus NV (China)*

142,305   4,454,203
Rakuten Group, Inc. (Japan)*

117,500   666,943
Vipshop Holdings Ltd. (China), ADR

15,600   258,180
Wesfarmers Ltd. (Australia)

79,401   3,539,289
            300,764,414
Building Products — 0.4%
A.O. Smith Corp.

5,378   481,116
AGC, Inc. (Japan)

28,800   1,044,931
Allegion PLC

1,700   229,007
Apogee Enterprises, Inc.

5,600   331,520
Armstrong World Industries, Inc.

24,969   3,101,649
Assa Abloy AB (Sweden) (Class B Stock)

61,609   1,768,074
AZEK Co., Inc. (The)*

265,522   13,334,515
Beijing New Building Materials PLC (China) (Class A Stock)

16,000   63,066
Builders FirstSource, Inc.*

5,911   1,232,739
Bunka Shutter Co. Ltd. (Japan)

57,000   641,071
Carlisle Cos., Inc.

2,063   808,387
Carrier Global Corp.

64,555   3,752,582
Cie de Saint-Gobain SA (France)

51,283   3,980,268
Daikin Industries Ltd. (Japan)

4,500   614,433
Fortune Brands Innovations, Inc.

3,864   327,165
Geberit AG (Switzerland)

864   510,610
Griffon Corp.

12,300   902,082
Hayward Holdings, Inc.*(a)

30,474   466,557
JELD-WEN Holding, Inc.*

31,200   662,376
Johnson Controls International PLC

76,282   4,982,740
Kingspan Group PLC (Ireland)

4,716   429,516
Lennox International, Inc.

974   476,052
Masco Corp.

25,252   1,991,878
Masterbrand, Inc.*

89,200   1,671,608
Owens Corning

69,390   11,574,252
Quanex Building Products Corp.

2,800   107,604
Resideo Technologies, Inc.*

120,900   2,710,578
ROCKWOOL A/S (Denmark) (Class B Stock)

1,760   579,085
Trane Technologies PLC

9,006   2,703,601
Trex Co., Inc.*

1,094   109,127
Zehnder Group AG (Switzerland)

4,203   278,511
            61,866,700
Capital Markets — 1.7%
360 ONE WAM Ltd. (India)

43,855   356,352
3i Group PLC (United Kingdom)

189,478   6,718,400
abrdn PLC (United Kingdom)

1,018,560   1,814,439
Affiliated Managers Group, Inc.

1,044   174,839
AllianceBernstein Holding LP, MLP

10,572   367,271
Ameriprise Financial, Inc.

1,824   799,715
Amundi SA (France), 144A

20,494   1,407,668
AssetMark Financial Holdings, Inc.*

20,092   711,458
B3 SA - Brasil Bolsa Balcao (Brazil)

30,200   72,257
      Shares   Value
Common Stocks (continued)
Capital Markets (cont’d.)
Banco BTG Pactual SA (Brazil), UTS

72,700   $529,515
Bank of New York Mellon Corp. (The)

257,638   14,845,102
BGC Group, Inc. (Class A Stock)(a)

586,950   4,560,601
BlackRock, Inc.(a)

27,668   23,066,812
Blackstone, Inc.(a)

39,432   5,180,182
Blue Owl Capital, Inc.

11,648   219,681
Bridge Investment Group Holdings, Inc. (Class A Stock)

25,305   173,339
Carlyle Group, Inc. (The)

6,381   299,333
Cboe Global Markets, Inc.

5,075   932,430
Charles Schwab Corp. (The)

71,036   5,138,744
CME Group, Inc.

22,615   4,868,783
Coinbase Global, Inc. (Class A Stock)*

5,182   1,373,852
Daiwa Securities Group, Inc. (Japan)

33,700   256,401
Deutsche Bank AG (Germany)

325,826   5,131,844
Deutsche Boerse AG (Germany)

18,025   3,691,339
East Money Information Co. Ltd. (China) (Class A Stock)

172,754   306,763
Evercore, Inc. (Class A Stock)

5,253   1,011,675
FactSet Research Systems, Inc.(a)

633   287,629
Franklin Resources, Inc.(a)

13,752   386,569
Goldman Sachs Group, Inc. (The)

92,511   38,640,920
Hamilton Lane, Inc. (Class A Stock)

14,700   1,657,572
Hargreaves Lansdown PLC (United Kingdom)

134,976   1,252,719
HDFC Asset Management Co. Ltd. (India), 144A

5,512   248,570
Hong Kong Exchanges & Clearing Ltd. (Hong Kong)

74,353   2,166,518
Houlihan Lokey, Inc.

15,056   1,930,029
Huatai Securities Co. Ltd. (China) (Class H Stock), 144A

6,800   7,781
Interactive Brokers Group, Inc. (Class A Stock)

3,116   348,088
Intercontinental Exchange, Inc.

70,279   9,658,443
Invesco Ltd.

18,880   313,219
Janus Henderson Group PLC

178,841   5,882,080
Japan Exchange Group, Inc. (Japan)

13,500   365,654
Jefferies Financial Group, Inc.

5,477   241,536
KKR & Co., Inc.

15,115   1,520,267
Korea Investment Holdings Co. Ltd. (South Korea)

18,911   936,272
Lazard, Inc.

3,337   139,720
London Stock Exchange Group PLC (United Kingdom)

2,256   269,940
Macquarie Group Ltd. (Australia)

12,100   1,573,939
MarketAxess Holdings, Inc.

633   138,785
Mirae Asset Securities Co. Ltd. (South Korea)

344,082   2,077,297
Moody’s Corp.

28,217   11,090,128
Morgan Stanley

57,965   5,457,984
MSCI, Inc.

20,559   11,522,292
Nasdaq, Inc.

17,040   1,075,224
NH Investment & Securities Co. Ltd. (South Korea)

59,770   523,848
Northern Trust Corp.

9,676   860,390
Partners Group Holding AG (Switzerland)

959   1,369,918
 
A5

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Capital Markets (cont’d.)
Piper Sandler Cos.

3,900   $774,111
Raymond James Financial, Inc.

67,222   8,632,649
Robinhood Markets, Inc. (Class A Stock)*

20,249   407,612
S&P Global, Inc.

57,743   24,566,759
Samsung Securities Co. Ltd. (South Korea)

30,289   915,904
Saudi Tadawul Group Holding Co. (Saudi Arabia)

270   19,675
Schroders PLC (United Kingdom)

101,487   482,149
SEI Investments Co.

3,035   218,216
St. James’s Place PLC (United Kingdom)

144,300   846,561
State Street Corp.

14,679   1,134,980
Stifel Financial Corp.

2,999   234,432
StoneX Group, Inc.*

22,750   1,598,415
T. Rowe Price Group, Inc.

60,580   7,385,914
TPG, Inc.

1,510   67,497
Tradeweb Markets, Inc. (Class A Stock)

2,273   236,778
UBS Group AG (Switzerland)

261,576   8,054,169
Victory Capital Holdings, Inc. (Class A Stock)

39,194   1,663,001
Virtu Financial, Inc. (Class A Stock)

96,900   1,988,388
XP, Inc. (Brazil) (Class A Stock)

195,304   5,011,501
            250,190,837
Chemicals — 0.8%
AdvanSix, Inc.

32,400   926,640
Air Liquide SA (France)

26,988   5,614,818
Air Products & Chemicals, Inc.

10,567   2,560,067
Akzo Nobel NV (Netherlands)

23,148   1,729,561
Albemarle Corp.(a)

5,646   743,804
Ashland, Inc.

1,454   141,576
Avient Corp.

70,298   3,050,933
Axalta Coating Systems Ltd.*

6,001   206,374
BASF SE (Germany)

10,044   573,953
Cabot Corp.

25,600   2,360,320
Celanese Corp.(a)

4,780   821,491
CF Industries Holdings, Inc.

9,092   756,545
Chemours Co. (The)

4,495   118,039
Corteva, Inc.

33,978   1,959,511
Dow, Inc.(a)

82,542   4,781,658
DuPont de Nemours, Inc.(a)

53,863   4,129,676
Eastman Chemical Co.

5,631   564,339
Ecolab, Inc.

48,335   11,160,552
Ecovyst, Inc.*

60,200   671,230
Element Solutions, Inc.

6,758   168,815
FMC Corp.(a)

5,359   341,368
Ginkgo Bioworks Holdings, Inc.*(a)

42,659   49,484
Givaudan SA (Switzerland)

515   2,292,647
Huntsman Corp.

5,120   133,274
ICL Group Ltd. (Israel)

53,001   280,896
International Flavors & Fragrances, Inc.

12,151   1,044,865
Linde PLC

55,286   25,670,396
LyondellBasell Industries NV (Class A Stock)

12,433   1,271,647
Mesaieed Petrochemical Holding Co. (Qatar)

972,370   523,887
      Shares   Value
Common Stocks (continued)
Chemicals (cont’d.)
Minerals Technologies, Inc.

4,700   $353,816
Mitsubishi Chemical Group Corp. (Japan)

60,000   365,657
Mosaic Co. (The)

54,915   1,782,541
NewMarket Corp.

195   123,751
Nippon Paint Holdings Co. Ltd. (Japan)

30,000   215,915
Nippon Sanso Holdings Corp. (Japan)

8,000   251,006
Nitto Denko Corp. (Japan)

9,400   859,555
Olin Corp.

3,702   217,678
Orica Ltd. (Australia)

114,212   1,358,479
PhosAgro PJSC (Russia)^

14,357  
PhosAgro PJSC (Russia), GDR (MOEX)*^

276  
PhosAgro PJSC (Russia), GDR (XLON)*^

3  
PPG Industries, Inc.

90,530   13,117,797
RPM International, Inc.

3,111   370,053
Sasol Ltd. (South Africa)

111,148   858,942
Saudi Aramco Base Oil Co. (Saudi Arabia)

5,500   245,600
Sherwin-Williams Co. (The)

39,904   13,859,856
Shin-Etsu Chemical Co. Ltd. (Japan)

96,500   4,232,678
Sika AG (Switzerland)

1,087   323,437
Solvay SA (Belgium)

13,901   379,381
Syensqo SA (Belgium)*

4,136   391,909
Trinseo PLC

46,800   176,904
Valhi, Inc.

6,800   116,824
Westlake Corp.(a)

989   151,119
Yara International ASA (Brazil)

11,241   356,442
Zangge Mining Co. Ltd. (China) (Class A Stock)

1,900   7,787
            114,765,493
Commercial Services & Supplies — 0.2%
ABM Industries, Inc.

27,500   1,227,050
ACCO Brands Corp.

130,900   734,349
ACV Auctions, Inc. (Class A Stock)*(a)

27,879   523,289
Brambles Ltd. (Australia)

308,091   3,242,383
Cimpress PLC (Ireland)*

2,700   238,977
Cintas Corp.

2,911   1,999,944
Clean Harbors, Inc.*

1,541   310,219
Copart, Inc.*

15,207   880,789
Deluxe Corp.(a)

62,400   1,284,816
Driven Brands Holdings, Inc.*

1,896   29,938
Enviri Corp.*

24,500   224,175
HNI Corp.

35,900   1,620,167
Indian Railway Catering & Tourism Corp. Ltd. (India)

1,235   13,791
Interface, Inc.

6,000   100,920
MSA Safety, Inc.

923   178,684
RB Global, Inc. (Canada)(a)

1,255   95,593
Republic Services, Inc.

21,587   4,132,615
Rollins, Inc.(a)

4,919   227,602
Steelcase, Inc. (Class A Stock)(a)

44,400   580,752
Stericycle, Inc.*

2,820   148,755
Tetra Tech, Inc.(a)

1,323   244,371
Veralto Corp.

10,570   937,136
Vestis Corp.

64,462   1,242,183
 
A6

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Commercial Services & Supplies (cont’d.)
VSE Corp.(a)

4,117   $329,360
Waste Management, Inc.

50,455   10,754,483
            31,302,341
Communications Equipment — 0.4%
Accton Technology Corp. (Taiwan)

29,000   415,585
Arista Networks, Inc.*

48,378   14,028,653
BYD Electronic International Co. Ltd. (China)

4,000   14,766
Ciena Corp.*

4,474   221,239
Cisco Systems, Inc.

720,244   35,947,378
F5, Inc.*

2,932   555,878
Juniper Networks, Inc.

15,216   563,905
Lumentum Holdings, Inc.*(a)

2,020   95,647
Motorola Solutions, Inc.

3,288   1,167,174
Nokia OYJ (Finland)

596,623   2,116,876
Telefonaktiebolaget LM Ericsson (Sweden) (Class B Stock)

94,615   508,855
Ubiquiti, Inc.

19   2,201
Viasat, Inc.*(a)

3,559   64,382
            55,702,539
Construction & Engineering — 0.2%
ACS Actividades de Construccion y Servicios SA (Spain)

59,762   2,502,738
AECOM

4,063   398,499
Budimex SA (Poland)

68   11,915
China Railway Group Ltd. (China) (Class H Stock)

23,000   11,385
Comfort Systems USA, Inc.

6,300   2,001,573
Eiffage SA (France)

36,019   4,087,876
EMCOR Group, Inc.

929   325,336
Ferrovial SE

31,129   1,232,455
Fluor Corp.*(a)

67,500   2,853,900
Granite Construction, Inc.(a)

14,500   828,385
Great Lakes Dredge & Dock Corp.*

28,293   247,564
Kajima Corp. (Japan)

11,800   242,191
Larsen & Toubro Ltd. (India)

3,618   163,640
MasTec, Inc.*

1,901   177,268
MDU Resources Group, Inc.

6,119   154,199
Metallurgical Corp. of China Ltd. (China) (Class A Stock)

24,700   11,671
Quanta Services, Inc.

14,473   3,760,085
Skanska AB (Sweden) (Class B Stock)

13,250   235,963
Sterling Infrastructure, Inc.*

8,600   948,666
Taisei Corp. (Japan)

14,700   535,801
Valmont Industries, Inc.

604   137,881
Vinci SA (France)

62,624   8,036,454
WillScot Mobile Mini Holdings Corp.*(a)

15,046   699,639
WSP Global, Inc. (Canada)

800   133,334
            29,738,418
Construction Materials — 0.3%
Cemex SAB de CV (Mexico), UTS*

118,800   107,081
CRH PLC

58,778   5,073,130
Eagle Materials, Inc.

371   100,819
Heidelberg Materials AG (Germany)

21,560   2,373,354
      Shares   Value
Common Stocks (continued)
Construction Materials (cont’d.)
Holcim AG*

54,006   $4,892,770
James Hardie Industries PLC, CDI*

157,778   6,341,637
Knife River Corp.*

18,800   1,524,304
Martin Marietta Materials, Inc.

9,453   5,803,575
Shree Cement Ltd. (India)

46   14,199
Summit Materials, Inc. (Class A Stock)*

68,961   3,073,592
UltraTech Cement Ltd. (India)

627   73,423
Vulcan Materials Co.

51,599   14,082,399
            43,460,283
Consumer Finance — 0.2%
Ally Financial, Inc.

134,581   5,462,643
American Express Co.

25,355   5,773,080
Bread Financial Holdings, Inc.

21,900   815,556
Capital One Financial Corp.

18,116   2,697,291
Credit Acceptance Corp.*

199   109,759
Discover Financial Services

12,047   1,579,241
Enova International, Inc.*

14,300   898,469
Five-Star Business Finance Ltd. (India)*

26,316   227,623
Green Dot Corp. (Class A Stock)*

76,200   710,946
LendingClub Corp.*

118,400   1,040,736
LendingTree, Inc.*

12,900   546,186
OneMain Holdings, Inc.

3,432   175,341
PROG Holdings, Inc.

9,700   334,068
SLM Corp.

4,128   89,949
SoFi Technologies, Inc.*(a)

28,051   204,772
Synchrony Financial

128,701   5,549,587
            26,215,247
Consumer Staples Distribution & Retail — 0.9%
Albertson’s Cos., Inc. (Class A Stock)

11,507   246,710
Alimentation Couche-Tard, Inc. (Canada)

8,700   496,546
Andersons, Inc. (The)

1,600   91,792
BIM Birlesik Magazalar A/S (Turkey)

39,787   432,257
BJ’s Wholesale Club Holdings, Inc.*

2,634   199,262
Carrefour SA (France)

79,595   1,365,399
Casey’s General Stores, Inc.

958   305,075
Cencosud SA (Chile)

289,991   503,019
Coles Group Ltd. (Australia)

146,776   1,620,293
Costco Wholesale Corp.

53,091   38,896,059
CP ALL PCL (Thailand)

32,500   48,619
Dino Polska SA (Poland), 144A*

8,782   851,962
Dollar General Corp.

3,800   593,028
Dollar Tree, Inc.*

30,021   3,997,296
Empire Co. Ltd. (Canada) (Class A Stock)

30,508   745,048
Endeavour Group Ltd. (Australia)

64,550   231,762
George Weston Ltd. (Canada)

6,600   891,710
Grocery Outlet Holding Corp.*

2,846   81,908
J Sainsbury PLC (United Kingdom)

74,290   253,659
Jeronimo Martins SGPS SA (Portugal)

20,878   414,226
Kesko OYJ (Finland) (Class B Stock)

13,130   245,453
Koninklijke Ahold Delhaize NV (Netherlands)

142,447   4,262,270
Kroger Co. (The)

80,214   4,582,626
Loblaw Cos. Ltd. (Canada)

41,400   4,587,605
 
A7

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Consumer Staples Distribution & Retail (cont’d.)
Magnit PJSC (Russia)^

5,159   $
Maplebear, Inc.*(a)

151   5,631
Nahdi Medical Co. (Saudi Arabia)

2,613   103,075
Performance Food Group Co.*

53,510   3,993,986
President Chain Store Corp. (Taiwan)

11,000   91,215
Sumber Alfaria Trijaya Tbk PT (Indonesia)

1,589,072   291,774
Sysco Corp.

8,871   720,148
Target Corp.

103,741   18,383,943
Tesco PLC (United Kingdom)

1,178,949   4,415,722
United Natural Foods, Inc.*

245,465   2,820,393
US Foods Holding Corp.*

6,845   369,425
Walgreens Boots Alliance, Inc.

34,220   742,232
Walmart, Inc.

611,214   36,776,746
Woolworths Group Ltd. (Australia)

37,921   819,702
            135,477,576
Containers & Packaging — 0.1%
Amcor PLC(a)

69,417   660,156
AptarGroup, Inc.

1,971   283,607
Ardagh Group SA*^

250  
Ardagh Metal Packaging SA

473   1,622
Avery Dennison Corp.

13,306   2,970,565
Ball Corp.

14,698   990,057
Berry Global Group, Inc.

3,646   220,510
Crown Holdings, Inc.

64,901   5,144,053
Graphic Packaging Holding Co.(a)

4,317   125,970
International Paper Co.

16,380   639,148
Klabin SA (Brazil), UTS

227,900   1,145,998
O-I Glass, Inc.*

93,000   1,542,870
Packaging Corp. of America

4,181   793,470
Pactiv Evergreen, Inc.

64,800   927,936
Ranpak Holdings Corp.*

71,500   562,705
Sealed Air Corp.

1,955   72,726
Silgan Holdings, Inc.

2,556   124,119
Smurfit Kappa Group PLC (Ireland)

40,937   1,866,557
Sonoco Products Co.

2,991   173,000
Westrock Co.

12,171   601,856
            18,846,925
Distributors — 0.0%
Genuine Parts Co.

16,439   2,546,894
LKQ Corp.

38,784   2,071,453
Pool Corp.(a)

633   255,416
            4,873,763
Diversified Consumer Services — 0.0%
ADT, Inc.

6,964   46,798
Bright Horizons Family Solutions, Inc.*

1,536   174,121
Coursera, Inc.*

107,100   1,501,542
Frontdoor, Inc.*

93,327   3,040,594
Grand Canyon Education, Inc.*

658   89,626
H&R Block, Inc.

1,553   76,268
Mister Car Wash, Inc.*

2,248   17,422
New Oriental Education & Technology Group, Inc. (China)*

18,300   159,939
Perdoceo Education Corp.

17,700   310,812
      Shares   Value
Common Stocks (continued)
Diversified Consumer Services (cont’d.)
Service Corp. International

28,385   $2,106,451
            7,523,573
Diversified REITs — 0.1%
British Land Co. PLC (The) (United Kingdom)

69,049   344,485
Broadstone Net Lease, Inc.(a)

25,286   396,232
Covivio SA (France)

38,962   2,008,261
Essential Properties Realty Trust, Inc.

54,677   1,457,689
Fibra Uno Administracion SA de CV (Mexico)

71,500   118,928
GPT Group (The) (Australia)

709,389   2,111,152
KDX Realty Investment Corp. (Japan)

837   889,641
Merlin Properties Socimi SA (Spain)

29,603   318,495
Nomura Real Estate Master Fund, Inc. (Japan)

253   250,175
Stockland (Australia)

615,732   1,945,637
WP Carey, Inc.

6,486   366,070
            10,206,765
Diversified Telecommunication Services — 0.5%
AT&T, Inc.

1,311,101   23,075,378
BT Group PLC (United Kingdom)

1,302,110   1,802,070
Cogent Communications Holdings, Inc.

4,214   275,301
Deutsche Telekom AG (Germany)

207,784   5,043,855
Frontier Communications Parent, Inc.*

7,412   181,594
Hellenic Telecommunications Organization SA (Greece)

58,366   860,565
HKT Trust & HKT Ltd. (Hong Kong), UTS

956,000   1,115,449
Iridium Communications, Inc.

235   6,148
Koninklijke KPN NV (Netherlands)

598,230   2,237,624
KT Corp. (South Korea)

34,254   966,139
LG Uplus Corp. (South Korea)

65,946   492,181
Liberty Latin America Ltd. (Puerto Rico) (Class A Stock)*

110,800   772,276
Liberty Latin America Ltd. (Puerto Rico) (Class C Stock)*

147,100   1,028,229
Nippon Telegraph & Telephone Corp. (Japan)

2,314,500   2,756,809
Ooredoo QPSC (Qatar)

93,153   271,264
Orange SA (France)

128,866   1,515,466
Swisscom AG (Switzerland)

404   247,270
Telefonica SA (Spain)

70,355   310,705
Telekom Malaysia Bhd (Malaysia)

6,000   7,623
Telkom Indonesia Persero Tbk PT (Indonesia)

251,100   55,228
Telstra Group Ltd. (Australia)

270,087   679,384
Verizon Communications, Inc.

694,217   29,129,345
            72,829,903
Electric Utilities — 0.7%
ALLETE, Inc.(a)

35,002   2,087,519
Alliant Energy Corp.

11,921   600,818
American Electric Power Co., Inc.

25,012   2,153,533
Avangrid, Inc.

2,183   79,549
BKW AG (Switzerland)

2,477   380,629
 
A8

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Electric Utilities (cont’d.)
Centrais Eletricas Brasileiras SA (Brazil)

16,024   $133,134
CEZ A/S (Czech Republic)

2,332   83,239
Chubu Electric Power Co., Inc. (Japan)

177,300   2,318,401
Constellation Energy Corp.

15,449   2,855,748
CPFL Energia SA (Brazil)

28,500   198,092
Duke Energy Corp.

68,690   6,643,010
Edison International

18,086   1,279,223
Endesa SA (Spain)

104,198   1,931,982
Enel Chile SA (Chile)

1,466,497   88,155
Enel SpA (Italy)

1,167,818   7,709,349
Entergy Corp.

21,581   2,280,680
Evergy, Inc.

10,744   573,515
Eversource Energy

16,756   1,001,506
Exelon Corp.

47,373   1,779,804
FirstEnergy Corp.

25,517   985,467
Fortum OYJ (Finland)(a)

37,488   462,833
Hawaiian Electric Industries, Inc.

3,382   38,115
Iberdrola SA (Spain)

525,314   6,524,587
IDACORP, Inc.

1,542   143,236
Inter RAO UES PJSC (Russia)^

2,620,300   3
Kansai Electric Power Co., Inc. (The) (Japan)

200,600   2,862,324
Manila Electric Co. (Philippines)

31,500   199,863
NextEra Energy, Inc.(a)

258,415   16,515,303
NRG Energy, Inc.

66,264   4,485,410
OGE Energy Corp.(a)

6,043   207,275
PG&E Corp.

743,510   12,461,228
Pinnacle West Capital Corp.

5,466   408,474
PNM Resources, Inc.

82,000   3,086,480
Portland General Electric Co.

17,900   751,800
Power Grid Corp. of India Ltd. (India)

534,861   1,775,426
PPL Corp.

34,980   962,999
Southern Co. (The)

52,185   3,743,752
Terna - Rete Elettrica Nazionale (Italy)

78,120   645,717
Tokyo Electric Power Co. Holdings, Inc. (Japan)*

503,300   3,059,122
Verbund AG (Austria)

4,305   314,523
Xcel Energy, Inc.

128,259   6,893,921
            100,705,744
Electrical Equipment — 0.6%
ABB India Ltd. (India)

675   51,575
ABB Ltd. (Switzerland)

182,202   8,452,406
Acuity Brands, Inc.

957   257,175
AMETEK, Inc.

23,464   4,291,565
Array Technologies, Inc.*(a)

8,000   119,280
Eaton Corp. PLC

81,715   25,550,646
Emerson Electric Co.

61,307   6,953,440
EnerSys

25,300   2,389,838
Generac Holdings, Inc.*

3,022   381,195
Goneo Group Co. Ltd. (China) (Class A Stock)

4,300   60,730
Hubbell, Inc.

1,764   732,148
Legrand SA (France)

19,350   2,049,102
Mitsubishi Electric Corp. (Japan)

111,300   1,863,045
NEXTracker, Inc. (Class A Stock)*

42,100   2,368,967
Nidec Corp. (Japan)

48,600   2,015,406
      Shares   Value
Common Stocks (continued)
Electrical Equipment (cont’d.)
Ningbo Sanxing Medical Electric Co. Ltd. (China) (Class A Stock)

1,800   $6,809
nVent Electric PLC

30,399   2,292,085
Plug Power, Inc.*(a)

16,029   55,140
Prysmian SpA (Italy)

13,286   692,917
Regal Rexnord Corp.

3,689   664,389
Rockwell Automation, Inc.(a)

2,134   621,698
Schneider Electric SE

63,849   14,434,754
Sensata Technologies Holding PLC(a)

17,853   655,919
Sungrow Power Supply Co. Ltd. (China) (Class A Stock)

700   9,955
Sunrun, Inc.*(a)

6,385   84,154
Vertiv Holdings Co. (Class A Stock)

201,025   16,417,712
Vestas Wind Systems A/S (Denmark)*

21,175   590,647
            94,062,697
Electronic Equipment, Instruments & Components — 0.4%
AAC Technologies Holdings, Inc. (China)

4,000   13,434
Amphenol Corp. (Class A Stock)

30,011   3,461,769
Arlo Technologies, Inc.*

22,300   282,095
Arrow Electronics, Inc.*

1,669   216,069
AUO Corp. (Taiwan)*

857,800   484,948
Avnet, Inc.

2,780   137,832
Azbil Corp. (Japan)

23,000   636,314
Badger Meter, Inc.

2,400   388,344
Belden, Inc.

5,000   463,050
CDW Corp.

11,333   2,898,755
Cognex Corp.(a)

11,537   489,400
Coherent Corp.*

3,908   236,903
Corning, Inc.

61,662   2,032,380
Crane NXT Co.

1,476   91,364
Fabrinet (Thailand)*(a)

8,700   1,644,474
FARO Technologies, Inc.*

33,300   716,283
Halma PLC (United Kingdom)

15,030   448,802
Hexagon AB (Sweden) (Class B Stock)

68,279   807,121
Hon Hai Precision Industry Co. Ltd. (Taiwan)

176,000   854,842
Innolux Corp. (Taiwan)

989,300   469,887
IPG Photonics Corp.*

913   82,800
Itron, Inc.*

5,400   499,608
Jabil, Inc.(a)

3,698   495,347
Keyence Corp. (Japan)

20,077   9,320,966
Keysight Technologies, Inc.*

49,469   7,735,962
Knowles Corp.*

60,300   970,830
Largan Precision Co. Ltd. (Taiwan)

1,000   75,908
Lingyi iTech Guangdong Co. (China) (Class A Stock)

9,900   7,432
Littelfuse, Inc.

730   176,915
Murata Manufacturing Co. Ltd. (Japan)

72,800   1,361,536
Nan Ya Printed Circuit Board Corp. (Taiwan)

64,000   395,939
PC Connection, Inc.

1,500   98,895
Sanmina Corp.*

5,200   323,336
Shimadzu Corp. (Japan)

47,700   1,328,642
SmartRent, Inc.*

36,000   96,480
Synnex Technology International Corp. (Taiwan)

108,000   264,402
 
A9

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Electronic Equipment, Instruments & Components (cont’d.)
TD SYNNEX Corp.

61,673   $6,975,216
TDK Corp. (Japan)

42,300   2,077,269
TE Connectivity Ltd.

5,420   787,201
Teledyne Technologies, Inc.*

2,250   965,970
Trimble, Inc.*

11,721   754,364
TTM Technologies, Inc.*

29,900   467,935
Vontier Corp.

3,140   142,430
WPG Holdings Ltd. (Taiwan)

172,000   516,060
Yokogawa Electric Corp. (Japan)

42,600   981,051
Zebra Technologies Corp. (Class A Stock)*

2,121   639,354
Zhen Ding Technology Holding Ltd. (Taiwan)

146,000   570,217
            54,886,131
Energy Equipment & Services — 0.2%
Baker Hughes Co.

128,961   4,320,194
DMC Global, Inc.*

70,300   1,370,147
Halliburton Co.

94,220   3,714,152
Helmerich & Payne, Inc.

3,100   130,386
Liberty Energy, Inc.(a)

14,300   296,296
Newpark Resources, Inc.*

32,500   234,650
NOV, Inc.

11,860   231,507
Oceaneering International, Inc.*(a)

86,600   2,026,440
Oil States International, Inc.*

112,800   694,848
Schlumberger NV

186,496   10,221,846
Select Water Solutions, Inc. (Class A Stock)

19,800   182,754
TechnipFMC PLC (United Kingdom)

13,085   328,564
TETRA Technologies, Inc.*

58,600   259,598
Weatherford International PLC*

10,542   1,216,758
            25,228,140
Entertainment — 0.9%
AMC Entertainment Holdings, Inc. (Class A Stock)*(a)

6,239   23,209
Bollore SE (France)

239,995   1,603,449
Capcom Co. Ltd. (Japan)

95,400   1,787,234
Cinemark Holdings, Inc.*

26,000   467,220
Electronic Arts, Inc.

68,692   9,113,368
Konami Group Corp. (Japan)

24,500   1,668,916
Krafton, Inc. (South Korea)*

164   30,458
Liberty Media Corp.-Liberty Formula One (Class A Stock)*

700   41,118
Liberty Media Corp.-Liberty Formula One (Class C Stock)*(a)

5,854   384,022
Liberty Media Corp.-Liberty Live (Class A Stock)*

590   24,987
Liberty Media Corp.-Liberty Live (Class C Stock)*

1,403   61,479
Live Nation Entertainment, Inc.*

6,202   655,986
Madison Square Garden Sports Corp.*

560   103,331
NetEase, Inc. (China), ADR

4,300   444,921
Netflix, Inc.*

99,574   60,474,277
Nintendo Co. Ltd. (Japan)

108,400   5,914,805
Playtika Holding Corp.

241   1,699
Roku, Inc.*

3,297   214,865
Sea Ltd. (Singapore), ADR*

41,600   2,234,336
      Shares   Value
Common Stocks (continued)
Entertainment (cont’d.)
Sphere Entertainment Co.*(a)

5,000   $245,400
Take-Two Interactive Software, Inc.*

7,726   1,147,234
Tencent Music Entertainment Group (China), ADR*

21,900   245,061
Vivid Seats, Inc. (Class A Stock)*

60,000   359,400
Walt Disney Co. (The)

340,364   41,646,939
Warner Bros Discovery, Inc.*

562,756   4,912,860
            133,806,574
Financial Services — 2.0%
Adyen NV (Netherlands), 144A*

5,310   8,969,317
Affirm Holdings, Inc.*

6,740   251,132
Apollo Global Management, Inc.

35,199   3,958,128
AvidXchange Holdings, Inc.*

149,842   1,970,422
Bajaj Finserv Ltd. (India)

2,640   52,227
Berkshire Hathaway, Inc. (Class B Stock)*

184,604   77,629,674
Block, Inc.*

118,687   10,038,546
Cannae Holdings, Inc.*(a)

17,000   378,080
Corebridge Financial, Inc.(a)

51,562   1,481,376
Corpay, Inc.*

13,218   4,078,282
Enact Holdings, Inc.

59,300   1,848,974
Essent Group Ltd.

5,605   333,554
Euronet Worldwide, Inc.*

722   79,369
EXOR NV (Netherlands)

19,011   2,115,666
Fidelity National Information Services, Inc.

28,346   2,102,706
Fiserv, Inc.*(a)

23,538   3,761,843
Flywire Corp.*

13,848   343,569
Global Payments, Inc.

12,289   1,642,548
Groupe Bruxelles Lambert NV (Belgium)

11,308   854,864
Industrivarden AB (Sweden) (Class A Stock)

7,930   272,711
Investor AB (Sweden) (Class B Stock)

195,008   4,893,595
Jack Henry & Associates, Inc.

2,871   498,779
M&G PLC (United Kingdom)

481,217   1,339,392
Mastercard, Inc. (Class A Stock)

142,453   68,601,091
Meritz Financial Group, Inc. (South Korea)

30,772   1,871,093
MGIC Investment Corp.

8,327   186,192
NCR Atleos Corp.*

1,961   38,730
ORIX Corp. (Japan)

132,200   2,891,445
Payoneer Global, Inc.*

34,800   169,128
PayPal Holdings, Inc.*

205,986   13,799,002
Power Finance Corp. Ltd. (India)

46,127   216,421
Repay Holdings Corp.*

95,500   1,050,500
Rocket Cos., Inc. (Class A Stock)*(a)

2,370   34,483
Shift4 Payments, Inc. (Class A Stock)*(a)

12,884   851,246
StoneCo Ltd. (Brazil) (Class A Stock)*

62,400   1,036,464
TFS Financial Corp.

1,569   19,707
UWM Holdings Corp.

1,763   12,799
Visa, Inc. (Class A Stock)(a)

299,514   83,588,367
Voya Financial, Inc.(a)

2,993   221,243
Western Union Co. (The)

9,401   131,426
WEX, Inc.*(a)

2,846   676,010
 
A10

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Financial Services (cont’d.)
Wise PLC (United Kingdom) (Class A Stock)*

43,150   $504,396
            304,794,497
Food Products — 0.6%
Adecoagro SA (Brazil)

53,124   585,426
Archer-Daniels-Midland Co.

178,096   11,186,210
Associated British Foods PLC (United Kingdom)

54,209   1,710,341
Britannia Industries Ltd. (India)

576   33,923
Bunge Global SA(a)

6,860   703,287
Campbell Soup Co.(a)

9,162   407,251
China Feihe Ltd. (China), 144A

26,000   12,235
CJ CheilJedang Corp. (South Korea)

514   111,505
Conagra Brands, Inc.

22,718   673,361
Danone SA (France)

16,840   1,088,619
Darling Ingredients, Inc.*(a)

60,069   2,793,809
Flowers Foods, Inc.

5,688   135,090
Freshpet, Inc.*

93,471   10,829,550
General Mills, Inc.

45,157   3,159,635
Golden Agri-Resources Ltd. (Indonesia)

3,605,200   721,035
Gruma SAB de CV (Mexico) (Class B Stock)

1,000   18,700
Hain Celestial Group, Inc. (The)*

102,641   806,758
Hershey Co. (The)

14,630   2,845,535
Hormel Foods Corp.

34,704   1,210,822
Indofood Sukses Makmur Tbk PT (Indonesia)

408,800   164,393
Ingredion, Inc.

17,616   2,058,430
Inner Mongolia Yili Industrial Group Co. Ltd. (China) (Class A Stock)

1,700   6,514
J.M. Smucker Co. (The)

4,957   623,938
JBS SA

119,300   509,512
Kellanova

12,485   715,266
Kraft Heinz Co. (The)

38,193   1,409,322
Lamb Weston Holdings, Inc.

3,787   403,429
McCormick & Co., Inc.

11,922   915,729
Meihua Holdings Group Co. Ltd. (China) (Class A Stock)

23,000   31,884
MEIJI Holdings Co. Ltd. (Japan)

27,000   589,482
Mondelez International, Inc. (Class A Stock)

115,019   8,051,330
Mowi ASA (Norway)

100,645   1,848,719
Nestle India Ltd. (India)

566   17,817
Nestle SA

222,041   23,591,847
Orion Corp. (South Korea)

2,810   191,745
Pilgrim’s Pride Corp.*

99,767   3,424,003
Post Holdings, Inc.*

1,553   165,053
PPB Group Bhd (Malaysia)

3,000   9,890
Savola Group (The) (Saudi Arabia)

1,404   21,140
Seaboard Corp.

6   19,343
Simply Good Foods Co. (The)*

24,000   816,720
Tyson Foods, Inc. (Class A Stock)

13,386   786,160
Vital Farms, Inc.*

18,000   418,500
WH Group Ltd. (Hong Kong), 144A

4,438,860   2,930,007
Wilmar International Ltd. (China)

846,300   2,149,707
      Shares   Value
Common Stocks (continued)
Food Products (cont’d.)
WK Kellogg Co.

2,039   $38,333
            90,941,305
Gas Utilities — 0.0%
Atmos Energy Corp.

7,061   839,341
Beijing Enterprises Holdings Ltd. (China)

22,500   65,344
China Resources Gas Group Ltd. (China)

4,800   15,317
ENN Energy Holdings Ltd. (China)

4,100   31,902
Indraprastha Gas Ltd. (India)

1,946   10,079
Kunlun Energy Co. Ltd. (China)

20,000   16,708
National Fuel Gas Co.

2,717   145,957
ONE Gas, Inc.

5,200   335,556
Osaka Gas Co. Ltd. (Japan)

47,000   1,057,312
Tokyo Gas Co. Ltd. (Japan)

131,200   2,982,546
UGI Corp.(a)

10,126   248,492
            5,748,554
Ground Transportation — 0.6%
ArcBest Corp.

24,200   3,448,500
Avis Budget Group, Inc.(a)

413   50,576
Canadian National Railway Co. (Canada)

16,238   2,138,707
Central Japan Railway Co. (Japan)

106,400   2,642,479
CSX Corp.

293,354   10,874,633
Hankyu Hanshin Holdings, Inc. (Japan)

20,800   596,778
Hertz Global Holdings, Inc.*(a)

3,994   31,273
J.B. Hunt Transport Services, Inc.(a)

3,391   675,657
Keisei Electric Railway Co. Ltd. (Japan)

10,500   426,984
Knight-Swift Transportation Holdings, Inc.

4,719   259,639
Landstar System, Inc.(a)

231   44,528
Norfolk Southern Corp.

10,896   2,777,064
Odakyu Electric Railway Co. Ltd. (Japan)

76,100   1,049,026
Old Dominion Freight Line, Inc.(a)

3,578   784,691
Ryder System, Inc.

1,320   158,651
Saia, Inc.*

16,116   9,427,860
Schneider National, Inc. (Class B Stock)

1,677   37,967
TFI International, Inc. (Canada)

3,240   516,650
Uber Technologies, Inc.*

473,494   36,454,303
U-Haul Holding Co.*

135   9,118
U-Haul Holding Co. (Non Voting)

1,840   122,691
Union Pacific Corp.

53,777   13,225,378
XPO, Inc.*

3,443   420,149
            86,173,302
Health Care Equipment & Supplies — 1.2%
Abbott Laboratories

266,059   30,240,266
Alcon, Inc. (Switzerland)

33,370   2,760,082
Align Technology, Inc.*

1,196   392,192
Avanos Medical, Inc.*

85,100   1,694,341
Axogen, Inc.*

133,000   1,073,310
Baxter International, Inc.

24,108   1,030,376
Becton, Dickinson & Co.

71,972   17,809,471
 
A11

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Health Care Equipment & Supplies (cont’d.)
Boston Scientific Corp.*

276,483   $18,936,321
Cochlear Ltd. (Australia)

11,926   2,622,900
CONMED Corp.

20,800   1,665,664
Cooper Cos., Inc. (The)

9,240   937,490
Demant A/S (Denmark)*

34,550   1,717,250
DENTSPLY SIRONA, Inc.

32,490   1,078,343
Dexcom, Inc.*

6,737   934,422
Edwards Lifesciences Corp.*

10,589   1,011,885
Enovis Corp.*(a)

1,610   100,544
Envista Holdings Corp.*

4,955   105,938
EssilorLuxottica SA (France)

9,268   2,096,529
Fisher & Paykel Healthcare Corp. Ltd. (New Zealand)

15,620   239,309
GE HealthCare Technologies, Inc.

54,943   4,994,868
Getinge AB (Sweden) (Class B Stock)

24,284   488,422
Globus Medical, Inc. (Class A Stock)*

2,551   136,836
Haemonetics Corp.*

26,500   2,261,775
Hologic, Inc.*

93,872   7,318,261
Hoya Corp. (Japan)

23,100   2,889,137
ICU Medical, Inc.*

608   65,251
IDEXX Laboratories, Inc.*

5,178   2,795,758
Inspire Medical Systems, Inc.*(a)

2,044   439,031
Insulet Corp.*(a)

1,355   232,247
Integer Holdings Corp.*

9,900   1,155,132
Integra LifeSciences Holdings Corp.*

2,063   73,133
Intuitive Surgical, Inc.*

102,104   40,748,685
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (China) (Class A Stock)

11,300   53,045
Koninklijke Philips NV (Netherlands)*

33,636   673,189
Lantheus Holdings, Inc.*

9,700   603,728
Medtronic PLC(a)

145,941   12,718,758
Olympus Corp. (Japan)

27,000   388,755
QuidelOrtho Corp.*

1,620   77,663
ResMed, Inc.(a)

2,640   522,799
SI-BONE, Inc.*(a)

14,000   229,180
Sonova Holding AG (Switzerland)

7,684   2,225,233
Sri Trang Gloves Thailand PCL (Thailand)

1,018,200   241,615
STERIS PLC

4,685   1,053,282
Stryker Corp.

13,940   4,988,708
Tandem Diabetes Care, Inc.*(a)

14,083   498,679
Teleflex, Inc.

2,371   536,249
Terumo Corp. (Japan)

80,400   1,471,212
Zimmer Biomet Holdings, Inc.

10,038   1,324,815
            177,652,079
Health Care Providers & Services — 1.2%
Acadia Healthcare Co., Inc.*

11,989   949,769
Accolade, Inc.*(a)

135,900   1,424,232
agilon health, Inc.*(a)

943   5,752
Amedisys, Inc.*

1,018   93,819
Apollo Hospitals Enterprise Ltd. (India)

21,227   1,620,417
Bangkok Dusit Medical Services PCL (Thailand)

66,000   51,161
Bumrungrad Hospital PCL (Thailand)

82,817   506,771
Cardinal Health, Inc.

125,115   14,000,368
Cencora, Inc.(a)

2,957   718,521
      Shares   Value
Common Stocks (continued)
Health Care Providers & Services (cont’d.)
Centene Corp.*

309,438   $24,284,694
Chartwell Retirement Residences (Canada), UTS

29,473   268,935
Chemed Corp.

134   86,019
Cigna Group (The)(a)

50,557   18,361,797
CorVel Corp.*

3,900   1,025,544
CVS Health Corp.

61,219   4,882,827
DaVita, Inc.*

951   131,286
Dr. Sulaiman Al Habib Medical Services Group Co. (Saudi Arabia)

3,241   270,869
Elevance Health, Inc.

40,274   20,883,680
Encompass Health Corp.

13,209   1,090,799
Fresenius Medical Care AG (Germany)

48,445   1,861,484
Fresenius SE & Co. KGaA (Germany)

55,237   1,489,566
HCA Healthcare, Inc.

8,300   2,768,299
HealthEquity, Inc.*

19,500   1,591,785
Henry Schein, Inc.*(a)

6,234   470,792
Hims & Hers Health, Inc.*

71,700   1,109,199
Humana, Inc.

4,375   1,516,900
Laboratory Corp. of America Holdings

52,639   11,499,516
Max Healthcare Institute Ltd. (India)

124,057   1,223,496
McKesson Corp.

8,167   4,384,454
ModivCare, Inc.*

8,300   194,635
Molina Healthcare, Inc.*

12,752   5,238,904
NMC Health PLC (United Arab Emirates)*^

21,382   3
Patterson Cos., Inc.

4,600   127,190
Pediatrix Medical Group, Inc.*

78,000   782,340
Premier, Inc. (Class A Stock)

3,638   80,400
Progyny, Inc.*(a)

13,825   527,424
Quest Diagnostics, Inc.

5,314   707,346
R1 RCM, Inc.*

4,649   59,879
Ramsay Health Care Ltd. (Australia)

7,170   263,957
Select Medical Holdings Corp.

17,000   512,550
Sinopharm Group Co. Ltd. (China) (Class H Stock)

7,200   18,463
Sonic Healthcare Ltd. (Australia)

27,370   524,486
Tenet Healthcare Corp.*

3,083   324,054
UnitedHealth Group, Inc.

113,514   56,155,376
Universal Health Services, Inc. (Class B Stock)

2,865   522,748
            184,612,506
Health Care REITs — 0.1%
American Healthcare REIT, Inc.

25,845   381,214
CareTrust REIT, Inc.

28,509   694,764
Community Healthcare Trust, Inc.

11,318   300,493
Diversified Healthcare Trust

201,300   495,198
Healthcare Realty Trust, Inc.

11,490   162,583
Healthpeak Properties, Inc.

93,577   1,754,569
Medical Properties Trust, Inc.(a)

17,979   84,501
Omega Healthcare Investors, Inc.(a)

7,359   233,060
Ventas, Inc.

21,987   957,314
Welltower, Inc.

71,288   6,661,151
            11,724,847
Health Care Technology — 0.0%
Certara, Inc.*

2,309   41,285
 
A12

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Health Care Technology (cont’d.)
Doximity, Inc. (Class A Stock)*

2,063   $55,515
Multiplan Corp.*(a)

541,800   439,508
Teladoc Health, Inc.*

5,020   75,802
TruBridge, Inc.*

12,300   113,406
Veeva Systems, Inc. (Class A Stock)*

24,800   5,745,912
            6,471,428
Hotel & Resort REITs — 0.1%
Braemar Hotels & Resorts, Inc.

92,500   185,000
CapitaLand Ascott Trust (Singapore)

504,737   353,140
Host Hotels & Resorts, Inc.(a)

73,092   1,511,543
Invincible Investment Corp. (Japan)

672   301,845
Japan Hotel REIT Investment Corp. (Japan)

720   377,548
Park Hotels & Resorts, Inc.

343,739   6,011,995
RLJ Lodging Trust

19,000   224,580
Summit Hotel Properties, Inc.

44,522   289,838
            9,255,489
Hotels, Restaurants & Leisure — 1.2%
Accor SA (France)

71,215   3,324,775
Airbnb, Inc. (Class A Stock)*

83,933   13,845,588
Amadeus IT Group SA (Spain)

20,687   1,328,037
Aramark

7,729   251,347
Aristocrat Leisure Ltd. (Australia)

83,178   2,329,061
Bloomin’ Brands, Inc.(a)

20,163   578,275
Booking Holdings, Inc.

617   2,238,402
Boyd Gaming Corp.

2,172   146,219
Caesars Entertainment, Inc.*

7,260   317,552
Carnival Corp.*

47,619   778,095
Cava Group, Inc.*

4,846   339,462
Chipotle Mexican Grill, Inc.*

8,071   23,460,541
Churchill Downs, Inc.

6,992   865,260
Compass Group PLC (United Kingdom)

261,501   7,670,518
Darden Restaurants, Inc.(a)

16,345   2,732,067
Dave & Buster’s Entertainment, Inc.*(a)

61,500   3,849,900
Denny’s Corp.*

47,800   428,288
Devyani International Ltd. (India)*

209,001   378,690
Domino’s Pizza, Inc.

591   293,656
DoorDash, Inc. (Class A Stock)*

2,006   276,266
Evolution AB (Sweden), 144A

10,792   1,340,409
Expedia Group, Inc.*

17,904   2,466,276
Flutter Entertainment PLC (United Kingdom)*

2,703   538,799
Genting Singapore Ltd. (Singapore)

1,563,600   1,025,467
H World Group Ltd. (China), ADR

4,300   166,410
Haidilao International Holding Ltd. (China), 144A

9,000   20,366
Hilton Worldwide Holdings, Inc.

78,261   16,693,854
Hyatt Hotels Corp. (Class A Stock)

1,325   211,497
Indian Hotels Co. Ltd. (India)

4,520   32,083
InterContinental Hotels Group PLC (United Kingdom)

13,244   1,376,209
La Francaise des Jeux SAEM (France), 144A

76,808   3,130,517
Las Vegas Sands Corp.

7,177   371,051
MakeMyTrip Ltd. (India)*(a)

28,109   1,997,144
      Shares   Value
Common Stocks (continued)
Hotels, Restaurants & Leisure (cont’d.)
Marriott International, Inc. (Class A Stock)(a)

84,546   $21,331,801
Marriott Vacations Worldwide Corp.

1,090   117,426
McDonald’s Corp.

140,394   39,584,088
Meituan (China) (Class B Stock), 144A*

60,132   742,275
MGM Resorts International*

13,439   634,455
Norwegian Cruise Line Holdings Ltd.*(a)

17,149   358,929
OPAP SA (Greece)

234,920   4,228,846
Oriental Land Co. Ltd. (Japan)

95,600   3,062,614
Penn Entertainment, Inc.*

4,529   82,473
Planet Fitness, Inc. (Class A Stock)*

1,359   85,114
Royal Caribbean Cruises Ltd.*

9,114   1,266,937
Shake Shack, Inc. (Class A Stock)*

22,500   2,340,675
Starbucks Corp.

30,689   2,804,668
Sweetgreen, Inc. (Class A Stock)*(a)

6,800   171,768
Tongcheng Travel Holdings Ltd. (China)*

16,000   42,300
Travel + Leisure Co.

1,188   58,165
Trip.com Group Ltd. (China)*

3,000   133,024
Vail Resorts, Inc.(a)

1,042   232,189
Whitbread PLC (United Kingdom)

53,713   2,245,630
Wyndham Hotels & Resorts, Inc.

2,279   174,913
Wynn Resorts Ltd.

4,776   488,251
Yum! Brands, Inc.(a)

5,976   828,572
            175,817,194
Household Durables — 0.3%
Barratt Developments PLC (United Kingdom)

316,267   1,898,261
Berkeley Group Holdings PLC (United Kingdom)

31,465   1,890,431
Century Communities, Inc.

5,094   491,571
Coway Co. Ltd. (South Korea)

272   11,369
D.R. Horton, Inc.

14,734   2,424,480
Garmin Ltd.(a)

7,386   1,099,554
GoPro, Inc. (Class A Stock)*

64,800   144,504
Gree Electric Appliances, Inc. of Zhuhai (China) (Class A Stock)

11,900   64,259
KB Home

33,700   2,388,656
Leggett & Platt, Inc.

4,060   77,749
Lennar Corp. (Class A Stock)

74,200   12,760,916
Lennar Corp. (Class B Stock)

407   62,751
Lovesac Co. (The)*

7,000   158,200
M/I Homes, Inc.*

2,100   286,209
Meritage Homes Corp.

1,900   333,374
Mohawk Industries, Inc.*

2,642   345,811
Newell Brands, Inc.

11,522   92,522
Nien Made Enterprise Co. Ltd. (Taiwan)

1,000   11,084
NVR, Inc.*

134   1,085,395
Panasonic Holdings Corp. (Japan)

120,800   1,152,887
Persimmon PLC (United Kingdom)

79,512   1,318,349
PulteGroup, Inc.

10,272   1,239,009
SEB SA (France)

1,920   245,650
Sonos, Inc.*

102,500   1,953,650
Sony Group Corp. (Japan)

86,200   7,391,713
 
A13

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Household Durables (cont’d.)
Taylor Morrison Home Corp.*

41,300   $2,567,621
Taylor Wimpey PLC (United Kingdom)

1,293,434   2,236,181
Tempur Sealy International, Inc.(a)

4,068   231,144
Toll Brothers, Inc.(a)

36,249   4,689,533
TopBuild Corp.*

903   397,979
Tri Pointe Homes, Inc.*

33,000   1,275,780
Whirlpool Corp.

1,601   191,527
            50,518,119
Household Products — 0.5%
Church & Dwight Co., Inc.(a)

5,238   546,376
Clorox Co. (The)(a)

2,218   339,598
Colgate-Palmolive Co.

206,040   18,553,902
Energizer Holdings, Inc.

63,800   1,878,272
Essity AB (Sweden) (Class B Stock)(a)

122,486   2,909,548
Henkel AG & Co. KGaA (Germany)

9,223   664,549
Kimberly-Clark Corp.

6,520   843,362
Kimberly-Clark de Mexico SAB de CV (Mexico) (Class A Stock)

27,600   64,247
Procter & Gamble Co. (The)

275,024   44,622,644
Reckitt Benckiser Group PLC (United Kingdom)

61,563   3,509,401
Reynolds Consumer Products, Inc.

1,677   47,895
Spectrum Brands Holdings, Inc.(a)

12,555   1,117,521
            75,097,315
Independent Power & Renewable Electricity Producers — 0.1%
AES Corp. (The)

609,944   10,936,296
Brookfield Renewable Corp. (Class A Stock)

4,037   99,189
China Resources Power Holdings Co. Ltd. (China)

12,000   28,025
Clearway Energy, Inc. (Class A Stock)

1,043   22,435
Clearway Energy, Inc. (Class C Stock)(a)

2,485   57,279
Engie Brasil Energia SA (Brazil)

2,000   16,039
NTPC Ltd. (India)

22,725   91,838
RWE AG (Germany)

26,502   900,729
Vistra Corp.

60,830   4,236,810
            16,388,640
Industrial Conglomerates — 0.6%
3M Co.

160,927   17,069,527
Astra International Tbk PT (Indonesia)

3,164,200   1,028,018
CITIC Ltd. (China)

50,000   48,124
CK Hutchison Holdings Ltd. (United Kingdom)

415,248   1,998,443
DCC PLC (United Kingdom)

28,726   2,089,993
General Electric Co.

201,885   35,436,874
GS Holdings Corp. (South Korea)

231   8,313
Hikari Tsushin, Inc. (Japan)

3,400   639,442
Hitachi Ltd. (Japan)

76,400   6,981,466
Honeywell International, Inc.

29,155   5,984,064
Jardine Matheson Holdings Ltd. (Hong Kong)

4,800   179,048
Keppel Ltd. (Singapore)

163,400   887,923
KOC Holding A/S (Turkey)*

139,179   875,571
      Shares   Value
Common Stocks (continued)
Industrial Conglomerates (cont’d.)
Lifco AB (Sweden) (Class B Stock)

17,989   $469,771
Siemens AG (Germany)

64,149   12,248,538
Siemens Ltd. (India)

476   30,752
Sime Darby Bhd (Malaysia)

82,000   45,081
Smiths Group PLC (United Kingdom)

51,978   1,077,427
            87,098,375
Industrial REITs — 0.2%
Americold Realty Trust, Inc.

187,989   4,684,686
CapitaLand Ascendas REIT (Singapore)

230,334   472,479
EastGroup Properties, Inc.

1,389   249,701
First Industrial Realty Trust, Inc.

12,894   677,451
Frasers Logistics & Commercial Trust (Singapore)

293,803   230,586
GLP J-REIT (Japan)

278   232,963
Goodman Group (Australia)

249,801   5,502,443
Innovative Industrial Properties, Inc.

1,500   155,310
LXP Industrial Trust

381,685   3,442,799
Nippon Prologis REIT, Inc. (Japan)

259   461,381
Plymouth Industrial REIT, Inc.

33,192   746,820
Prologis, Inc.(a)

106,661   13,889,395
Rexford Industrial Realty, Inc.

6,339   318,852
STAG Industrial, Inc.(a)

22,608   869,051
Tritax Big Box REIT PLC (United Kingdom)

261,076   519,056
Warehouses De Pauw CVA (Belgium)

32,817   935,771
            33,388,744
Insurance — 1.8%
Admiral Group PLC (United Kingdom)

7,000   250,864
Aegon Ltd. (Netherlands)

103,341   630,466
Aflac, Inc.(a)

27,688   2,377,292
Ageas SA/NV (Belgium)

143,506   6,648,003
AIA Group Ltd. (Hong Kong)

540,400   3,635,041
Allianz SE (Germany)

27,063   8,111,249
Allstate Corp. (The)

90,289   15,620,900
Ambac Financial Group, Inc.*

63,500   992,505
American Financial Group, Inc.

2,420   330,282
American International Group, Inc.

53,156   4,155,205
Aon PLC (Class A Stock)(a)

25,952   8,660,701
Arch Capital Group Ltd.*

16,520   1,527,109
Arthur J. Gallagher & Co.

10,156   2,539,406
Assicurazioni Generali SpA (Italy)

83,722   2,119,291
Assurant, Inc.

58,394   10,992,087
Assured Guaranty Ltd.

2,085   181,916
Aviva PLC (United Kingdom)

418,316   2,624,806
AXA SA (France)

210,608   7,909,551
Axis Capital Holdings Ltd.

11,762   764,765
BB Seguridade Participacoes SA (Brazil)

7,200   46,785
Brighthouse Financial, Inc.*

2,300   118,542
Brown & Brown, Inc.

9,344   817,974
Caixa Seguridade Participacoes S/A (Brazil)

3,400   10,657
China Pacific Insurance Group Co. Ltd. (China) (Class H Stock)

13,000   22,806
Chubb Ltd.

103,086   26,712,675
 
A14

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Insurance (cont’d.)
Cincinnati Financial Corp.

13,955   $1,732,792
CNA Financial Corp.

1,444   65,586
Dai-ichi Life Holdings, Inc. (Japan)

99,900   2,547,903
DB Insurance Co. Ltd. (South Korea)

6,832   488,701
eHealth, Inc.*(a)

93,400   563,202
Everest Group Ltd.

1,996   793,410
Fairfax Financial Holdings Ltd. (Canada)

2,218   2,390,832
Fidelity National Financial, Inc.

21,903   1,163,049
First American Financial Corp.

3,497   213,492
Genworth Financial, Inc. (Class A Stock)*

411,992   2,649,109
Globe Life, Inc.

13,769   1,602,299
Great-West Lifeco, Inc. (Canada)

15,300   489,311
Hannover Rueck SE (Germany)

6,581   1,802,052
Hanover Insurance Group, Inc. (The)

1,282   174,570
Hartford Financial Services Group, Inc. (The)

14,898   1,535,239
iA Financial Corp., Inc. (Canada)

7,900   490,779
Insurance Australia Group Ltd. (Australia)

130,954   546,253
James River Group Holdings Ltd.

7,007   65,165
Japan Post Holdings Co. Ltd. (Japan)

287,500   2,896,599
Japan Post Insurance Co. Ltd. (Japan)

56,500   1,080,006
Kemper Corp.

2,393   148,175
Lincoln National Corp.

5,686   181,554
Loews Corp.

69,154   5,414,067
Manulife Financial Corp. (Canada)

20,500   511,989
Markel Group, Inc.*(a)

3,177   4,833,742
Marsh & McLennan Cos., Inc.

115,795   23,851,454
Medibank Private Ltd. (Australia)

892,877   2,187,663
MetLife, Inc.

245,830   18,218,461
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Germany)

15,230   7,434,386
NN Group NV (Netherlands)

33,272   1,536,005
Old Mutual Ltd. (South Africa)

23,533   14,591
Old Republic International Corp.

8,809   270,612
Oscar Health, Inc. (Class A Stock)*

275,600   4,098,172
Palomar Holdings, Inc.*

25,800   2,162,814
Phoenix Group Holdings PLC (United Kingdom)

112,144   783,040
PICC Property & Casualty Co. Ltd. (China) (Class H Stock)

38,000   50,150
Ping An Insurance Group Co. of China Ltd. (China) (Class H Stock)

37,500   159,213
Poste Italiane SpA (Italy), 144A

176,396   2,209,219
Powszechny Zaklad Ubezpieczen SA (Poland)

32,483   396,739
Primerica, Inc.

510   129,010
Principal Financial Group, Inc.

11,816   1,019,839
Progressive Corp. (The)

54,270   11,224,121
QBE Insurance Group Ltd. (Australia)

187,108   2,211,749
Reinsurance Group of America, Inc.

2,193   422,986
RenaissanceRe Holdings Ltd. (Bermuda)

18,523   4,353,461
RLI Corp.

1,129   167,623
Ryan Specialty Holdings, Inc.(a)

4,786   265,623
      Shares   Value
Common Stocks (continued)
Insurance (cont’d.)
Sampo OYJ (Finland) (Class A Stock)

45,519   $1,941,669
Samsung Life Insurance Co. Ltd. (South Korea)

3,147   223,248
Sanlam Ltd. (South Africa)

22,433   82,192
Selectquote, Inc.*

96,600   193,200
Skyward Specialty Insurance Group, Inc.*

5,112   191,240
Sompo Holdings, Inc. (Japan)

40,800   855,170
Stewart Information Services Corp.

8,600   559,516
Suncorp Group Ltd. (Australia)

93,038   993,080
Swiss Life Holding AG (Switzerland)

528   370,335
Swiss Re AG

24,773   3,186,673
T&D Holdings, Inc. (Japan)

85,800   1,491,564
Talanx AG (Germany)

21,158   1,676,076
Tokio Marine Holdings, Inc. (Japan)

150,400   4,714,479
Travelers Cos., Inc. (The)

55,257   12,716,846
Tryg A/S (Denmark)

16,350   337,044
Unum Group

74,902   4,019,241
W.R. Berkley Corp.(a)

10,448   924,021
White Mountains Insurance Group Ltd.

91   163,281
Willis Towers Watson PLC

4,855   1,335,125
Zurich Insurance Group AG (Switzerland)

15,578   8,415,461
            269,737,146
Interactive Media & Services — 2.6%
Alphabet, Inc. (Class A Stock)*

866,527   130,784,920
Alphabet, Inc. (Class C Stock)*

552,752   84,162,020
Auto Trader Group PLC (United Kingdom), 144A

537,493   4,746,554
Baidu, Inc. (China), ADR*

1,500   157,920
CAR Group Ltd. (Australia)

31,854   748,756
IAC, Inc.*

2,268   120,975
JOYY, Inc. (China), ADR

2,100   64,575
Kanzhun Ltd. (China), ADR

64,498   1,130,650
Kuaishou Technology (China), 144A*

42,300   266,262
Match Group, Inc.*

5,693   206,542
Meta Platforms, Inc. (Class A Stock)

347,473   168,725,939
Scout24 SE (Germany), 144A

16,527   1,245,116
Tencent Holdings Ltd. (China)

35,700   1,390,513
TripAdvisor, Inc.*

3,257   90,512
ZipRecruiter, Inc. (Class A Stock)*

9,300   106,857
ZoomInfo Technologies, Inc.*

4,407   70,644
            394,018,755
IT Services — 0.8%
Accenture PLC (Class A Stock)

26,328   9,125,548
Akamai Technologies, Inc.*(a)

57,859   6,292,745
Amdocs Ltd.

3,541   320,000
Capgemini SE (France)

1,800   414,199
Cognizant Technology Solutions Corp. (Class A Stock)

170,052   12,463,111
DXC Technology Co.*

6,194   131,375
EPAM Systems, Inc.*

984   271,741
Fastly, Inc. (Class A Stock)*

6,663   86,419
Fujitsu Ltd. (Japan)

104,000   1,664,416
Gartner, Inc.*

1,374   654,945
Globant SA*

10,421   2,104,000
 
A15

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
IT Services (cont’d.)
GoDaddy, Inc. (Class A Stock)*

1,748   $207,453
HCL Technologies Ltd. (India)

156,312   2,906,238
Infosys Ltd. (India)

40,296   725,656
International Business Machines Corp.

182,225   34,797,686
Kyndryl Holdings, Inc.*

6,861   149,295
MongoDB, Inc.*(a)

43,937   15,757,566
Mphasis Ltd. (India)

16,522   475,205
NEC Corp. (Japan)

74,100   5,409,696
NEXTDC Ltd. (Australia)*

25,351   293,661
Nomura Research Institute Ltd. (Japan)

40,200   1,135,600
NTT Data Group Corp. (Japan)

30,200   480,118
Obic Co. Ltd. (Japan)

3,200   483,364
Okta, Inc.*

4,318   451,749
Otsuka Corp. (Japan)

67,800   1,438,611
Persistent Systems Ltd. (India)

2,842   136,330
Samsung SDS Co. Ltd. (South Korea)

200   24,301
SCSK Corp. (Japan)

90,400   1,680,333
Snowflake, Inc. (Class A Stock)*

63,823   10,313,797
Tata Consultancy Services Ltd. (India)

15,633   729,623
Tech Mahindra Ltd. (India)

30,506   457,825
TIS, Inc. (Japan)

120,400   2,583,282
Twilio, Inc. (Class A Stock)*

4,272   261,233
Unisys Corp.*

75,700   371,687
VeriSign, Inc.*

4,126   781,918
Wipro Ltd. (India)

6,783   39,314
Wix.com Ltd. (Israel)*

21,400   2,942,072
            118,562,112
Leisure Products — 0.0%
Brunswick Corp.(a)

26,669   2,574,092
Hasbro, Inc.

6,211   351,046
Mattel, Inc.*

10,644   210,858
Polaris, Inc.

1,517   151,882
Shimano, Inc. (Japan)

4,300   639,683
Solo Brands, Inc. (Class A Stock)*(a)

76,500   166,005
            4,093,566
Life Sciences Tools & Services — 0.5%
Agilent Technologies, Inc.

6,807   990,487
Avantor, Inc.*(a)

20,390   521,372
Azenta, Inc.*(a)

1,796   108,263
Bio-Rad Laboratories, Inc. (Class A Stock)*

941   325,464
Bio-Techne Corp.(a)

3,016   212,296
Charles River Laboratories International, Inc.*(a)

2,395   648,925
Danaher Corp.

40,464   10,104,670
Eurofins Scientific SE (Luxembourg)

10,079   642,037
Fortrea Holdings, Inc.*

4,032   161,844
ICON PLC*

2,097   704,487
Illumina, Inc.*

15,207   2,088,225
IQVIA Holdings, Inc.*

3,618   914,956
Lonza Group AG (Switzerland)

3,020   1,804,748
Maravai LifeSciences Holdings, Inc. (Class A Stock)*

1,377   11,939
Medpace Holdings, Inc.*

25,078   10,135,274
Mettler-Toledo International, Inc.*

381   507,221
QIAGEN NV*

36,662   1,576,099
      Shares   Value
Common Stocks (continued)
Life Sciences Tools & Services (cont’d.)
Quanterix Corp.*

60,900   $1,434,804
Repligen Corp.*

937   172,333
Revvity, Inc.

5,896   619,080
Sotera Health Co.*

874   10,497
Thermo Fisher Scientific, Inc.

49,366   28,692,013
Waters Corp.*

1,056   363,507
West Pharmaceutical Services, Inc.

31,368   12,412,631
            75,163,172
Machinery — 1.2%
AGCO Corp.

1,912   235,214
Airtac International Group (China)

28,790   998,127
Alfa Laval AB (Sweden)

20,657   811,703
Allison Transmission Holdings, Inc.

119,850   9,727,026
Atlas Copco AB (Sweden) (Class A Stock)

439,392   7,420,696
Atlas Copco AB (Sweden) (Class B Stock)

115,002   1,698,575
Blue Bird Corp.*

51,900   1,989,846
Caterpillar, Inc.

36,014   13,196,610
CNH Industrial NV

29,539   382,825
Crane Co.

1,435   193,912
Cummins India Ltd. (India)

4,481   161,767
Cummins, Inc.

13,166   3,879,362
Daimler Truck Holding AG (Germany)

93,098   4,717,721
Deere & Co.

35,314   14,504,872
Donaldson Co., Inc.

27,968   2,088,650
Dover Corp.

6,643   1,177,073
Enerpac Tool Group Corp.

19,228   685,671
Enpro, Inc.

3,599   607,403
Epiroc AB (Sweden) (Class B Stock)

35,428   599,971
Esab Corp.

1,725   190,733
Flowserve Corp.

180,419   8,241,540
Fortive Corp.

116,216   9,996,900
Gates Industrial Corp. PLC*(a)

11,687   206,977
GEA Group AG (Germany)

65,547   2,771,338
Graco, Inc.(a)

44,486   4,157,662
Haitian International Holdings Ltd. (China)

4,000   11,640
Hyster-Yale Materials Handling, Inc.

20,700   1,328,319
IDEX Corp.

3,520   858,950
Illinois Tool Works, Inc.

6,530   1,752,195
Indutrade AB (Sweden)

33,942   924,472
Ingersoll Rand, Inc.

19,409   1,842,885
ITT, Inc.(a)

40,695   5,535,741
John Bean Technologies Corp.

17,700   1,856,553
Komatsu Ltd. (Japan)

62,000   1,834,629
Kone OYJ (Finland) (Class B Stock)

22,723   1,058,599
Kubota Corp. (Japan)

40,000   627,589
Lincoln Electric Holdings, Inc.

127   32,441
Manitowoc Co., Inc. (The)*

17,800   251,692
Middleby Corp. (The)*

1,593   256,139
Nordson Corp.

2,805   770,085
Oshkosh Corp.

1,964   244,930
Otis Worldwide Corp.(a)

134,092   13,311,313
PACCAR, Inc.

30,353   3,760,433
Parker-Hannifin Corp.

29,047   16,144,032
Pentair PLC

7,810   667,286
 
A16

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Machinery (cont’d.)
Proto Labs, Inc.*

41,300   $1,476,475
Rational AG (Germany)

1,515   1,305,318
RBC Bearings, Inc.*(a)

1,356   366,595
Sandvik AB (Sweden)

36,201   803,690
Sany Heavy Equipment International Holdings Co. Ltd. (China)

7,000   4,505
Schindler Holding AG (Switzerland)

2,472   603,186
Schindler Holding AG (Switzerland) (Part. Cert.)

4,570   1,150,352
Shandong Himile Mechanical Science & Technology Co. Ltd. (China) (Class A Stock)

12,600   61,256
Sinotruk Hong Kong Ltd. (China)

3,000   7,371
SKF AB (Sweden) (Class B Stock)(a)

45,457   927,996
Snap-on, Inc.(a)

2,452   726,331
Stanley Black & Decker, Inc.

7,263   711,266
Techtronic Industries Co. Ltd. (Hong Kong)

162,105   2,202,661
Tennant Co.

24,263   2,950,623
Terex Corp.

88,987   5,730,763
Timken Co. (The)

1,895   165,680
Toyota Industries Corp. (Japan)

20,000   2,092,622
Trinity Industries, Inc.

28,691   799,044
VAT Group AG (Switzerland), 144A

1,624   838,949
Volvo AB (Sweden) (Class A Stock)

12,451   342,859
Volvo AB (Sweden) (Class B Stock)(a)

190,489   5,162,528
Wartsila OYJ Abp (Finland)

113,303   1,721,925
Weichai Power Co. Ltd. (China) (Class H Stock)

131,000   249,963
Westinghouse Air Brake Technologies Corp.

8,482   1,235,658
Xylem, Inc.(a)

10,548   1,363,224
Yutong Bus Co. Ltd. (China) (Class A Stock)

24,400   63,128
Zhejiang Dingli Machinery Co. Ltd. (China) (Class A Stock)

7,200   55,649
            176,831,714
Marine Transportation — 0.1%
AP Moller - Maersk A/S (Denmark) (Class A Stock)

232   297,265
AP Moller - Maersk A/S (Denmark) (Class B Stock)

255   332,480
Cia Sud Americana de Vapores SA (Chile)

18,623,398   1,401,152
COSCO SHIPPING Holdings Co. Ltd. (China) (Class H Stock)

15,500   16,320
Evergreen Marine Corp. Taiwan Ltd. (Taiwan)

190,400   1,047,958
HMM Co. Ltd. (South Korea)

27,778   324,918
Kirby Corp.*

26,802   2,554,766
Kuehne + Nagel International AG (Switzerland)

2,744   763,432
Matson, Inc.

3,700   415,880
MISC Bhd (Malaysia)

7,200   11,642
Orient Overseas International Ltd. (Hong Kong)

500   5,985
Wan Hai Lines Ltd. (Taiwan)

240,000   330,749
      Shares   Value
Common Stocks (continued)
Marine Transportation (cont’d.)
Yang Ming Marine Transport Corp. (Taiwan)

359,000   $495,635
            7,998,182
Media — 0.3%
Advantage Solutions, Inc.*(a)

202,200   875,526
Cable One, Inc.

160   67,701
Charter Communications, Inc. (Class A Stock)*(a)

4,224   1,227,621
Comcast Corp. (Class A Stock)

501,024   21,719,390
Dentsu Group, Inc. (Japan)

66,200   1,838,159
Fox Corp. (Class A Stock)

11,896   371,988
Fox Corp. (Class B Stock)

6,268   179,390
Informa PLC (United Kingdom)

341,575   3,583,808
Interpublic Group of Cos., Inc. (The)(a)

18,202   593,931
Liberty Broadband Corp. (Class A Stock)*

359   20,506
Liberty Broadband Corp. (Class C Stock)*

2,835   162,247
Liberty Media Corp.-Liberty SiriusXM*

4,682   139,102
Liberty Media Corp.-Liberty SiriusXM (Class A Stock)*

2,254   66,944
MFE-MediaForEurope NV (Italy) (Class B Stock)

68,755   238,487
New York Times Co. (The) (Class A Stock)

4,882   211,000
News Corp. (Class A Stock)

17,838   466,999
News Corp. (Class B Stock)(a)

5,208   140,929
Nexstar Media Group, Inc.

672   115,779
Omnicom Group, Inc.

9,445   913,898
Paramount Global (Class A Stock)(a)

313   6,833
Paramount Global (Class B Stock)(a)

25,773   303,348
Publicis Groupe SA (France)

37,830   4,124,246
Sirius XM Holdings, Inc.(a)

19,508   75,691
Trade Desk, Inc. (The) (Class A Stock)*

90,483   7,910,024
Vivendi SE (France)

233,835   2,548,296
WPP PLC (United Kingdom)

299,043   2,834,072
            50,735,915
Metals & Mining — 0.7%
Alcoa Corp.

5,381   181,824
Alrosa PJSC (Russia)^

575,990   1
Aluminum Corp. of China Ltd. (China) (Class H Stock)

24,000   15,282
Anglo American PLC (South Africa)

81,756   2,014,699
APL Apollo Tubes Ltd. (India)

28,644   515,423
ArcelorMittal SA (Luxembourg)

137,077   3,767,853
B2Gold Corp. (Canada)

28,444   74,239
Baoshan Iron & Steel Co. Ltd. (China) (Class A Stock)

8,800   7,846
Barrick Gold Corp. (Canada)

120,979   2,013,091
BHP Group Ltd. (Australia)

506,917   14,656,972
BlueScope Steel Ltd. (Australia)

239,153   3,719,573
Boliden AB (Sweden)

24,001   666,451
Carpenter Technology Corp.

13,100   935,602
Cia Siderurgica Nacional SA (Brazil)

164,100   514,019
Cleveland-Cliffs, Inc.*(a)

15,054   342,328
Commercial Metals Co.

28,700   1,686,699
 
A17

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Metals & Mining (cont’d.)
Constellium SE*

36,013   $796,247
Eldorado Gold Corp. (Turkey)*

20,529   288,843
ERO Copper Corp. (Brazil)*

22,727   438,248
Fortescue Ltd. (Australia)

268,425   4,492,102
Freeport-McMoRan, Inc.

328,707   15,455,803
Glencore PLC (Australia)

1,355,226   7,436,887
Grupo Mexico SAB de CV (Mexico) (Class B Stock)

2,800   16,672
Harmony Gold Mining Co. Ltd. (South Africa)

65,658   542,919
Henan Shenhuo Coal Industry & Electricity Power Co. Ltd. (China) (Class A Stock)

23,300   62,203
Hindalco Industries Ltd. (India)

43,080   290,860
Huaibei Mining Holdings Co. Ltd. (China) (Class A Stock)

26,000   58,678
Impala Platinum Holdings Ltd. (South Africa)

133,461   551,357
Ivanhoe Mines Ltd. (Canada) (Class A Stock)*(a)

64,420   768,541
JFE Holdings, Inc. (Japan)

117,100   1,940,771
Jiangxi Copper Co. Ltd. (China) (Class H Stock)

44,000   75,150
Jindal Steel & Power Ltd. (India)

1,944   19,910
JSW Steel Ltd. (India)

24,590   245,590
Kumba Iron Ore Ltd. (South Africa)

25,756   628,488
Lundin Mining Corp. (Chile)

129,237   1,322,376
Materion Corp.

3,064   403,682
MMC Norilsk Nickel PJSC (Russia)^

8,156  
MP Materials Corp.*(a)

3,165   45,259
Newmont Corp.(a)

55,057   1,973,243
Nippon Steel Corp. (Japan)(a)

158,700   3,819,033
NMDC Ltd. (India)

85,602   207,765
Norsk Hydro ASA (Norway)

63,440   348,627
Northam Platinum Holdings Ltd. (South Africa)

30,102   179,378
Northern Star Resources Ltd. (Australia)

163,641   1,544,046
Novolipetsk Steel PJSC (Russia)*^

2,758,930   3
Nucor Corp.

46,204   9,143,772
Pilbara Minerals Ltd. (Australia)

382,621   954,811
Radius Recycling, Inc.

32,500   686,725
Reliance, Inc.

6,143   2,052,868
Rio Tinto Ltd. (Australia)

32,919   2,612,628
Rio Tinto PLC (Australia)

103,187   6,523,988
Royal Gold, Inc.(a)

2,004   244,107
Severstal PAO (Russia)*^

337,573  
Sibanye Stillwater Ltd. (South Africa)

428,515   490,431
South32 Ltd. (Australia)

229,891   448,594
SSR Mining, Inc. (Canada)

6,168   27,509
Steel Dynamics, Inc.

7,405   1,097,643
United States Steel Corp.

6,695   273,022
Vale SA (Brazil)

358,264   4,360,257
Vedanta Ltd. (India)

53,372   174,714
voestalpine AG (Austria)

64,745   1,816,297
            105,971,949
      Shares   Value
Common Stocks (continued)
Mortgage Real Estate Investment Trusts (REITs) — 0.0%
AGNC Investment Corp.(a)

20,462   $202,574
Annaly Capital Management, Inc.

14,922   293,814
Granite Point Mortgage Trust, Inc.(a)

86,800   414,036
Ladder Capital Corp.

48,063   534,941
MFA Financial, Inc.

249,225   2,843,658
PennyMac Mortgage Investment Trust

8,000   117,440
Rithm Capital Corp.

14,582   162,735
Starwood Property Trust, Inc.(a)

8,912   181,181
            4,750,379
Multi-Utilities — 0.4%
Ameren Corp.

12,458   921,394
Avista Corp.

81,181   2,842,959
Black Hills Corp.(a)

56,238   3,070,595
CenterPoint Energy, Inc.

144,091   4,105,153
Centrica PLC (United Kingdom)

1,523,194   2,455,480
CMS Energy Corp.

172,952   10,435,924
Consolidated Edison, Inc.

16,464   1,495,096
Dominion Energy, Inc.

39,944   1,964,845
DTE Energy Co.

60,292   6,761,145
E.ON SE (Germany)

152,734   2,126,351
Engie SA (France)

213,599   3,579,354
National Grid PLC (United Kingdom)

229,409   3,091,059
National Grid PLC (United Kingdom), ADR(a)

7,669   523,179
NiSource, Inc.

195,615   5,410,711
Public Service Enterprise Group, Inc.

23,793   1,588,896
Sembcorp Industries Ltd. (Singapore)

287,600   1,149,722
Sempra(a)

86,375   6,204,316
Veolia Environnement SA (France)

47,777   1,554,274
WEC Energy Group, Inc.(a)

15,026   1,233,935
YTL Power International Bhd (Malaysia)

13,500   10,795
            60,525,183
Office REITs — 0.1%
Alexandria Real Estate Equities, Inc.(a)

80,726   10,406,389
Boston Properties, Inc.(a)

7,262   474,281
Cousins Properties, Inc.

22,396   538,400
Dexus (Australia)

227,706   1,173,277
Gecina SA (France)

18,321   1,871,383
Great Portland Estates PLC (United Kingdom)

49,584   243,142
Highwoods Properties, Inc.(a)

3,199   83,750
Kilroy Realty Corp.(a)

8,180   297,997
NET Lease Office Properties

428   10,186
Nippon Building Fund, Inc. (Japan)

236   944,027
Office Properties Income Trust

124,000   252,960
Paramount Group, Inc.(a)

213,200   999,908
Piedmont Office Realty Trust, Inc. (Class A Stock)

20,600   144,818
SL Green Realty Corp.(a)

10,814   596,176
Vornado Realty Trust

5,354   154,034
            18,190,728
 
A18

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Oil, Gas & Consumable Fuels — 2.0%
Adaro Energy Indonesia Tbk PT (Indonesia)

8,589,800   $1,463,566
Amplify Energy Corp.*

126,300   834,843
Ampol Ltd. (Australia)

25,428   659,609
Antero Midstream Corp.

6,838   96,142
Antero Resources Corp.*

8,541   247,689
APA Corp.

7,684   264,176
ARC Resources Ltd. (Canada)

95,066   1,694,913
BP PLC (United Kingdom)

1,156,778   7,256,965
California Resources Corp.

36,800   2,027,680
Cheniere Energy, Inc.

83,503   13,467,364
Chesapeake Energy Corp.(a)

3,784   336,133
Chevron Corp.

167,406   26,406,622
China Coal Energy Co. Ltd. (China) (Class H Stock)

12,000   11,689
Chord Energy Corp.

2,129   379,473
ConocoPhillips

241,923   30,791,959
Coterra Energy, Inc.

188,475   5,254,683
Devon Energy Corp.

30,524   1,531,694
Diamondback Energy, Inc.

46,678   9,250,179
DT Midstream, Inc.

2,966   181,223
ENEOS Holdings, Inc. (Japan)

559,400   2,695,107
Eni SpA (Italy)

163,072   2,582,088
EOG Resources, Inc.

64,375   8,229,700
EQT Corp.

18,116   671,560
Equinor ASA (Norway)

145,051   3,889,456
Evolution Petroleum Corp.

55,600   341,384
Excelerate Energy, Inc. (Class A Stock)

15,500   248,310
Exxaro Resources Ltd. (South Africa)

1,360   12,149
Exxon Mobil Corp.

545,408   63,398,226
Galp Energia SGPS SA (Portugal)

87,690   1,449,724
Hess Corp.

8,573   1,308,583
HF Sinclair Corp.

4,764   287,603
Idemitsu Kosan Co. Ltd. (Japan)

129,500   887,870
Inner Mongolia Yitai Coal Co. Ltd. (China) (Class B Stock)

5,200   9,925
Inpex Corp. (Japan)

216,800   3,295,618
Kinder Morgan, Inc.

93,130   1,708,004
Kosmos Energy Ltd. (Ghana)*

162,600   969,096
LUKOIL PJSC (Russia)^

3,043  
Marathon Oil Corp.

28,925   819,734
Marathon Petroleum Corp.

54,548   10,991,422
Motor Oil Hellas Corinth Refineries SA (Greece)

16,760   499,074
Murphy Oil Corp.

48,700   2,225,590
Occidental Petroleum Corp.(a)

32,320   2,100,477
Oil & Natural Gas Corp. Ltd. (India)

53,503   172,709
ONEOK, Inc.(a)

26,853   2,152,805
Ovintiv, Inc.

4,369   226,751
PBF Energy, Inc. (Class A Stock)(a)

33,700   1,940,109
Peabody Energy Corp.

114,500   2,777,770
Pembina Pipeline Corp. (Canada)

49,424   1,744,462
Permian Resources Corp.(a)

41,190   727,415
PetroChina Co. Ltd. (China) (Class H Stock)

414,000   355,056
Petroleo Brasileiro SA (Brazil)

86,400   660,309
Phillips 66

120,166   19,627,914
Pioneer Natural Resources Co.

11,107   2,915,587
      Shares   Value
Common Stocks (continued)
Oil, Gas & Consumable Fuels (cont’d.)
PTT Exploration & Production PCL (Thailand)

7,200   $29,525
PTT PCL (Thailand)

52,500   48,303
Range Resources Corp.

7,072   243,489
Reliance Industries Ltd. (India)

8,396   300,226
Repsol SA (Spain)

99,476   1,660,376
Rosneft Oil Co. PJSC (Russia)^

19,154  
Shaanxi Coal Industry Co. Ltd. (China) (Class A Stock)

3,200   11,017
Shanxi Lu’an Environmental Energy Development Co. Ltd. (China) (Class A Stock)

17,600   48,616
Shell PLC (Netherlands)

461,349   15,307,330
Shell PLC (Netherlands), ADR

49,170   3,296,357
SM Energy Co.(a)

54,400   2,711,840
Southwestern Energy Co.*

33,165   251,391
Surgutneftegas PJSC (Russia)^

55,200  
Targa Resources Corp.

14,327   1,604,481
Tatneft PJSC (Russia)^

133,140  
TotalEnergies SE (France)

171,688   11,810,313
United Tractors Tbk PT (Indonesia)

561,300   855,996
Valero Energy Corp.

16,243   2,772,518
Vital Energy, Inc.*(a)

2,300   120,842
Williams Cos., Inc. (The)

441,245   17,195,318
World Kinect Corp.

72,654   1,921,698
Yankuang Energy Group Co. Ltd. (China) (Class H Stock)

12,000   25,234
            304,293,059
Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.

1,969   165,219
Mondi PLC (Austria)

34,710   611,357
Suzano SA (Brazil)

59,600   760,300
UPM-Kymmene OYJ (Finland)

49,184   1,638,647
            3,175,523
Passenger Airlines — 0.1%
Alaska Air Group, Inc.*

3,836   164,910
American Airlines Group, Inc.*

23,141   355,214
Delta Air Lines, Inc.

188,703   9,033,212
Deutsche Lufthansa AG (Germany)*

303,890   2,388,367
Eva Airways Corp. (Taiwan)

245,000   241,975
InterGlobe Aviation Ltd. (India), 144A*

700   29,829
Japan Airlines Co. Ltd. (Japan)

91,800   1,743,072
Singapore Airlines Ltd. (Singapore)

295,000   1,398,154
SkyWest, Inc.*

40,699   2,811,487
Southwest Airlines Co.

28,434   829,988
Sun Country Airlines Holdings, Inc.*

955   14,411
Turk Hava Yollari AO (Turkey)*

2,952   27,176
United Airlines Holdings, Inc.*

15,602   747,024
            19,784,819
Personal Care Products — 0.3%
Beiersdorf AG (Germany)

7,040   1,025,004
BellRing Brands, Inc.*

44,500   2,626,835
Colgate-Palmolive India Ltd. (India)

10,725   349,444
Coty, Inc. (Class A Stock)*

11,274   134,837
 
A19

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Personal Care Products (cont’d.)
Edgewell Personal Care Co.

2,500   $96,600
elf Beauty, Inc.*

1,290   252,879
Estee Lauder Cos., Inc. (The) (Class A Stock)

29,918   4,611,860
Giant Biogene Holding Co. Ltd. (China), 144A*

1,600   8,710
Haleon PLC

192,144   805,233
Hengan International Group Co. Ltd. (China)

5,000   15,762
Kao Corp. (Japan)

33,000   1,233,152
Kenvue, Inc.

64,837   1,391,402
L’Oreal SA (France)

47,007   22,261,183
Olaplex Holdings, Inc.*

3,803   7,302
Unilever PLC (United Kingdom)

203,753   10,228,776
Unilever PLC (United Kingdom), ADR

51,356   2,577,557
            47,626,536
Pharmaceuticals — 3.0%
Amneal Pharmaceuticals, Inc.*

199,400   1,208,364
Astellas Pharma, Inc. (Japan)

123,700   1,328,878
AstraZeneca PLC (United Kingdom)

142,154   19,097,512
AstraZeneca PLC (United Kingdom), ADR

265,984   18,020,416
Aurobindo Pharma Ltd. (India)

28,448   372,767
Bristol-Myers Squibb Co.

472,673   25,633,057
Catalent, Inc.*

8,499   479,769
China Medical System Holdings Ltd. (China)

78,000   81,952
China Resources Pharmaceutical Group Ltd. (China), 144A

11,000   7,033
Chugai Pharmaceutical Co. Ltd. (Japan)

67,900   2,594,825
Cipla Ltd. (India)

47,509   854,057
CSPC Pharmaceutical Group Ltd. (China)

55,600   43,763
Daiichi Sankyo Co. Ltd. (Japan)

155,000   4,931,930
Dr. Reddy’s Laboratories Ltd. (India)

15,094   1,115,508
Elanco Animal Health, Inc.*

480,643   7,824,868
Eli Lilly & Co.

132,370   102,978,565
GSK PLC

398,206   8,549,641
Hikma Pharmaceuticals PLC (Jordan)

86,894   2,102,053
Hubei Jumpcan Pharmaceutical Co. Ltd. (China) (Class A Stock)

12,200   61,680
Intra-Cellular Therapies, Inc.*

32,700   2,262,840
Ipsen SA (France)

13,934   1,658,095
Jazz Pharmaceuticals PLC*

897   108,017
Johnson & Johnson

330,932   52,350,133
Kyowa Kirin Co. Ltd. (Japan)

29,700   534,337
Ligand Pharmaceuticals, Inc.*

5,700   416,670
Lupin Ltd. (India)

27,387   531,619
Merck & Co., Inc.

344,802   45,496,624
Merck KGaA (Germany)

2,885   508,728
Novartis AG (Switzerland)

170,881   16,551,267
Novo Nordisk A/S (Denmark), ADR

241,393   30,994,861
Novo Nordisk A/S (Denmark) (Class B Stock)

319,954   41,041,591
Ono Pharmaceutical Co. Ltd. (Japan)

126,500   2,072,696
Organon & Co.

7,737   145,456
      Shares   Value
Common Stocks (continued)
Pharmaceuticals (cont’d.)
Orion OYJ (Finland) (Class B Stock)

7,364   $274,507
Otsuka Holdings Co. Ltd. (Japan)

83,200   3,455,987
Perrigo Co. PLC

25,728   828,184
Pfizer, Inc.

325,261   9,025,993
Prestige Consumer Healthcare, Inc.*

20,100   1,458,456
Richter Gedeon Nyrt (Hungary)

39,601   1,004,397
Roche Holding AG

51,993   13,274,803
Royalty Pharma PLC (Class A Stock)

11,223   340,842
Sandoz Group AG (Switzerland)*

69,327   2,092,687
Sanofi SA

76,763   7,467,850
Sanofi SA, ADR(a)

50,715   2,464,749
Shionogi & Co. Ltd. (Japan)

47,500   2,427,334
Sichuan Kelun Pharmaceutical Co. Ltd. (China) (Class A Stock)

14,200   59,160
Sun Pharmaceutical Industries Ltd. (India)

8,103   157,747
Takeda Pharmaceutical Co. Ltd. (Japan)

125,300   3,485,081
Tarsus Pharmaceuticals, Inc.*

5,852   212,720
Teva Pharmaceutical Industries Ltd. (Israel), ADR*

179,000   2,525,690
Torii Pharmaceutical Co. Ltd. (Japan)

18,700   509,025
Torrent Pharmaceuticals Ltd. (India)

16,002   499,452
Viatris, Inc.(a)

56,751   677,607
Yunnan Baiyao Group Co. Ltd. (China) (Class A Stock)

1,000   6,957
Zoetis, Inc.

8,188   1,385,491
            445,594,291
Professional Services — 0.4%
Adecco Group AG (Switzerland)

33,404   1,321,539
ASGN, Inc.*

5,040   527,990
Automatic Data Processing, Inc.

39,241   9,800,047
Broadridge Financial Solutions, Inc.

2,692   551,483
Bureau Veritas SA (France)

21,025   641,966
CACI International, Inc. (Class A Stock)*

667   252,680
Clarivate PLC*

14,266   105,996
Computershare Ltd. (Australia)

34,939   595,112
Concentrix Corp.(a)

1,342   88,867
Dayforce, Inc.*(a)

6,865   454,532
Dun & Bradstreet Holdings, Inc.

829,147   8,324,636
Equifax, Inc.

3,367   900,740
Experian PLC

79,907   3,481,784
FTI Consulting, Inc.*

834   175,382
Genpact Ltd.

4,062   133,843
Huron Consulting Group, Inc.*

3,959   382,519
Jacobs Solutions, Inc.

5,947   914,232
KBR, Inc.

15,306   974,380
Kelly Services, Inc. (Class A Stock)

7,500   187,800
Korn Ferry

22,287   1,465,593
Leidos Holdings, Inc.

55,869   7,323,867
ManpowerGroup, Inc.

1,528   118,634
Maximus, Inc.

6,000   503,400
Paychex, Inc.(a)

5,597   687,312
Paycom Software, Inc.

951   189,259
Paycor HCM, Inc.*(a)

984   19,129
Randstad NV (Netherlands)

13,875   732,678
 
A20

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Professional Services (cont’d.)
Recruit Holdings Co. Ltd. (Japan)

111,900   $4,913,172
RELX PLC (United Kingdom)

121,189   5,226,329
Resources Connection, Inc.

23,200   305,312
Robert Half, Inc.(a)

5,022   398,144
Science Applications International Corp.(a)

1,590   207,320
SS&C Technologies Holdings, Inc.

6,567   422,718
Teleperformance SE (France)

2,582   250,802
TransUnion

5,836   465,713
TrueBlue, Inc.*

23,800   297,976
TTEC Holdings, Inc.

48,000   497,760
Upwork, Inc.*

133,400   1,635,484
Verisk Analytics, Inc.

2,497   588,618
Wolters Kluwer NV (Netherlands)

26,042   4,077,913
            60,142,661
Real Estate Management & Development — 0.3%
Aldar Properties PJSC (United Arab Emirates)

96,568   145,175
Anywhere Real Estate, Inc.*

270,500   1,671,690
CapitaLand Investment Ltd. (Singapore)

165,990   329,383
Castellum AB (Sweden)*

5,166   67,942
Catena AB (Sweden)

7,723   377,346
CBRE Group, Inc. (Class A Stock)*

26,997   2,625,188
Central Pattana PCL (Thailand)

136,800   235,626
China Overseas Property Holdings Ltd. (China)

10,000   5,543
China Vanke Co. Ltd. (China) (Class H Stock)

687,500   477,003
Corp. Inmobiliaria Vesta SAB de CV (Mexico), ADR

10,846   425,597
CoStar Group, Inc.*

14,089   1,360,997
Country Garden Services Holdings Co. Ltd. (China)

718,000   460,811
Daito Trust Construction Co. Ltd. (Japan)

14,200   1,619,975
Daiwa House Industry Co. Ltd. (Japan)

93,100   2,771,160
DLF Ltd. (India)

3,185   34,365
Emaar Properties PJSC (United Arab Emirates)

112,827   250,395
Forestar Group, Inc.*

44,200   1,776,398
Grainger PLC (United Kingdom)

122,034   396,844
Greentown China Holdings Ltd. (China)

142,000   113,412
Hongkong Land Holdings Ltd. (Hong Kong)

161,600   496,191
Howard Hughes Holdings, Inc.*

3,449   250,466
Hulic Co. Ltd. (Japan)

96,900   995,196
Jones Lang LaSalle, Inc.*

22,247   4,340,167
K Wah International Holdings Ltd. (Hong Kong)

5,850,000   1,338,799
KE Holdings, Inc. (China), ADR(a)

159,706   2,192,763
Longfor Group Holdings Ltd. (China), 144A

389,000   551,760
Macrotech Developers Ltd. (India), 144A

29,905   408,667
Marcus & Millichap, Inc.

1,561   53,339
Mitsubishi Estate Co. Ltd. (Japan)

125,600   2,291,695
      Shares   Value
Common Stocks (continued)
Real Estate Management & Development (cont’d.)
Mitsui Fudosan Co. Ltd. (Japan)

388,716   $4,190,932
Nomura Real Estate Holdings, Inc. (Japan)

74,200   2,096,248
Redfin Corp.*

15,300   101,745
Sagax AB (Sweden) (Class B Stock)

15,773   416,097
Shun Tak Holdings Ltd. (Hong Kong)*

9,296,000   891,851
Sino Land Co. Ltd. (Hong Kong)

372,672   387,438
Sumitomo Realty & Development Co. Ltd. (Japan)

9,849   366,969
Sun Hung Kai Properties Ltd. (Hong Kong)

71,726   692,850
Swire Pacific Ltd. (Hong Kong) (Class A Stock)

506,762   4,171,854
Swire Properties Ltd. (Hong Kong)

7   15
Tokyu Fudosan Holdings Corp. (Japan)

63,077   509,628
Vonovia SE (Germany)

24,024   709,952
Wharf Real Estate Investment Co. Ltd. (Hong Kong)

96,729   314,940
Yanlord Land Group Ltd. (China)*

964,900   346,637
Youngor Fashion Co. Ltd. (China) (Class A Stock)

47,600   45,752
Yuexiu Property Co. Ltd. (China)

828,400   457,097
Zillow Group, Inc. (Class A Stock)*

35,693   1,708,267
Zillow Group, Inc. (Class C Stock)*

74,118   3,615,476
            49,087,641
Residential REITs — 0.2%
American Homes 4 Rent (Class A Stock)(a)

17,424   640,855
Apartment Income REIT Corp.

15,551   504,941
AvalonBay Communities, Inc.

16,802   3,117,779
Boardwalk Real Estate Investment Trust (Canada)

3,084   177,770
Camden Property Trust(a)

13,582   1,336,469
Canadian Apartment Properties REIT (Canada)

4,468   153,348
Centerspace

15,300   874,242
Equity LifeStyle Properties, Inc.

3,654   235,318
Equity Residential

213,851   13,496,137
Essex Property Trust, Inc.(a)

3,206   784,861
Independence Realty Trust, Inc.(a)

32,711   527,628
InterRent Real Estate Investment Trust (Canada)

2,092   20,942
Invitation Homes, Inc.

28,610   1,018,802
Killam Apartment Real Estate Investment Trust (Canada)

19,529   267,874
Mid-America Apartment Communities, Inc.

12,106   1,592,907
Nippon Accommodations Fund, Inc. (Japan)

53   228,735
Sun Communities, Inc.

7,885   1,013,853
UDR, Inc.

17,414   651,458
UNITE Group PLC (The) (United Kingdom)

34,017   420,800
Veris Residential, Inc.

75,155   1,143,108
            28,207,827
 
A21

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Retail REITs — 0.3%
Acadia Realty Trust(a)

108,600   $1,847,286
Agree Realty Corp.

2,931   167,419
Brixmor Property Group, Inc.

25,431   596,357
CapitaLand Integrated Commercial Trust (Singapore)

392,500   575,507
Federal Realty Investment Trust(a)

3,814   389,486
First Capital Real Estate Investment Trust (Canada)

16,318   189,255
InvenTrust Properties Corp.

43,979   1,130,700
Kimco Realty Corp.

218,238   4,279,647
Kite Realty Group Trust

39,134   848,425
Klepierre SA (France)

187,562   4,855,148
Link REIT (Hong Kong)

67,359   290,076
Macerich Co. (The)(a)

18,000   310,140
NNN REIT, Inc.(a)

7,501   320,593
Realty Income Corp.(a)

98,041   5,304,018
Regency Centers Corp.

12,421   752,216
Retail Opportunity Investments Corp.

16,476   211,222
Sasseur Real Estate Investment Trust (China)

2,185,200   1,108,400
Scentre Group (Australia)

1,577,381   3,483,685
Simon Property Group, Inc.

24,434   3,823,677
SITE Centers Corp.

77,996   1,142,641
Unibail-Rodamco-Westfield (France)*

83,241   6,696,432
Urban Edge Properties

29,127   503,023
Vicinity Ltd. (Australia)

999,298   1,387,060
            40,212,413
Semiconductors & Semiconductor Equipment — 5.3%
Advanced Micro Devices, Inc.*

374,790   67,645,847
Advantest Corp. (Japan)

108,954   4,840,048
Alchip Technologies Ltd. (Taiwan)

21,518   2,129,344
Amkor Technology, Inc.

48,100   1,550,744
Analog Devices, Inc.

23,842   4,715,709
Applied Materials, Inc.

142,247   29,335,599
ASE Technology Holding Co. Ltd. (Taiwan)

100,000   485,410
ASM International NV (Netherlands)

14,117   8,645,287
ASML Holding NV (Netherlands) (XAMS)

36,727   35,605,425
ASML Holding NV (Netherlands) (XNGS)

20,266   19,667,545
ASPEED Technology, Inc. (Taiwan)

3,650   380,403
Astera Labs, Inc.*

1,232   91,402
Axcelis Technologies, Inc.*

13,400   1,494,368
BE Semiconductor Industries NV (Netherlands)

4,618   707,379
Broadcom, Inc.

78,987   104,690,160
Cirrus Logic, Inc.*

1,691   156,519
Credo Technology Group Holding Ltd.*

18,784   398,033
Disco Corp. (Japan)

23,840   8,714,318
eMemory Technology, Inc. (Taiwan)

9,080   681,753
Enphase Energy, Inc.*(a)

2,429   293,860
Entegris, Inc.

4,274   600,668
Eo Technics Co. Ltd. (South Korea)

4,604   657,273
First Solar, Inc.*

5,105   861,724
FormFactor, Inc.*

50,600   2,308,878
Global Unichip Corp. (Taiwan)

14,529   553,688
      Shares   Value
Common Stocks (continued)
Semiconductors & Semiconductor Equipment (cont’d.)
GLOBALFOUNDRIES, Inc.*(a)

2,403   $125,220
Hanmi Semiconductor Co. Ltd. (South Korea)

150   14,926
HPSP Co. Ltd. (South Korea)

16,268   646,268
Hygon Information Technology Co. Ltd. (China) (Class A Stock)

650   6,876
Impinj, Inc.*

930   119,421
Infineon Technologies AG (Germany)

58,161   1,977,796
Intel Corp.

779,526   34,431,663
King Yuan Electronics Co. Ltd. (Taiwan)

80,251   265,938
KLA Corp.

2,409   1,682,855
Lam Research Corp.

25,627   24,898,424
Lasertec Corp. (Japan)(a)

7,300   2,080,721
Marvell Technology, Inc.

36,124   2,560,469
MediaTek, Inc. (Taiwan)

37,000   1,340,669
Microchip Technology, Inc.

14,216   1,275,317
Micron Technology, Inc.

205,987   24,283,807
MKS Instruments, Inc.

2,027   269,591
Monolithic Power Systems, Inc.

836   566,323
Novatek Microelectronics Corp. (Taiwan)

211,000   3,884,464
NVIDIA Corp.

342,983   309,905,720
NXP Semiconductors NV (China)

11,103   2,750,990
ON Semiconductor Corp.*

20,562   1,512,335
Onto Innovation, Inc.*(a)

13,000   2,354,040
Parade Technologies Ltd.

2,000   57,563
Photronics, Inc.*

35,261   998,592
Powerchip Semiconductor Manufacturing Corp. (Taiwan)*

17,000   13,758
Qorvo, Inc.*

62,050   7,125,202
QUALCOMM, Inc.

172,294   29,169,374
Rambus, Inc.*

11,000   679,910
Realtek Semiconductor Corp. (Taiwan)

49,000   853,296
Renesas Electronics Corp. (Japan)

203,600   3,628,286
SCREEN Holdings Co. Ltd. (Japan)

5,000   648,275
SK Hynix, Inc. (South Korea)

3,617   479,164
Skyworks Solutions, Inc.

7,652   828,865
SMART Global Holdings, Inc.*

18,600   489,552
STMicroelectronics NV (Singapore)

38,520   1,657,834
Synaptics, Inc.*

20,800   2,029,248
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)

175,194   4,196,985
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR

74,103   10,081,713
Teradyne, Inc.(a)

9,907   1,117,807
Texas Instruments, Inc.

41,594   7,246,091
Tokyo Electron Ltd. (Japan)

34,500   8,985,497
Tower Semiconductor Ltd. (Israel)*

20,460   684,387
United Microelectronics Corp. (Taiwan)

323,614   525,563
Universal Display Corp.

5,515   929,002
Vanguard International Semiconductor Corp. (Taiwan)

186,000   492,980
Wolfspeed, Inc.*

3,791   111,835
            797,195,996
Software — 4.9%
ACI Worldwide, Inc.*

74,400   2,470,824
 
A22

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Software (cont’d.)
Adeia, Inc.

106,900   $1,167,348
Adobe, Inc.*

71,682   36,170,737
Alarm.com Holdings, Inc.*

2,100   152,187
ANSYS, Inc.*

2,047   710,637
Appfolio, Inc. (Class A Stock)*

12,374   3,053,161
AppLovin Corp. (Class A Stock)*

4,717   326,511
Aspen Technology, Inc.*(a)

840   179,155
Autodesk, Inc.*

7,631   1,987,265
Bentley Systems, Inc. (Class B Stock)(a)

425   22,194
BILL Holdings, Inc.*

3,128   214,956
Blackbaud, Inc.*

6,900   511,566
Box, Inc. (Class A Stock)*

23,200   657,024
Cadence Design Systems, Inc.*

92,438   28,774,101
CCC Intelligent Solutions Holdings, Inc.*

77,837   930,931
Check Point Software Technologies Ltd. (Israel)*(a)

15,900   2,607,759
Clear Secure, Inc. (Class A Stock)(a)

5,579   118,665
CommVault Systems, Inc.*

34,300   3,479,049
Constellation Software, Inc. (Canada)

100   273,153
Crowdstrike Holdings, Inc. (Class A Stock)*

76,757   24,607,527
CyberArk Software Ltd.*

21,590   5,734,952
Dassault Systemes SE (France)

64,133   2,838,986
Descartes Systems Group, Inc. (The) (Canada)*

2,447   223,974
DocuSign, Inc.*

60,900   3,626,595
Dolby Laboratories, Inc. (Class A Stock)

1,807   151,372
DoubleVerify Holdings, Inc.*(a)

9,093   319,710
Dropbox, Inc. (Class A Stock)*

864   20,995
eGain Corp.*

14,500   93,525
Fair Isaac Corp.*

439   548,579
Fortinet, Inc.*

11,100   758,241
Freshworks, Inc. (Class A Stock)*(a)

41,600   757,536
Gen Digital, Inc.

49,091   1,099,638
Guidewire Software, Inc.*(a)

2,463   287,457
HashiCorp, Inc. (Class A Stock)*

928   25,010
HubSpot, Inc.*

13,224   8,285,629
Informatica, Inc. (Class A Stock)*

31,448   1,100,680
Intapp, Inc.*(a)

36,729   1,259,805
Intuit, Inc.

11,831   7,690,150
KPIT Technologies Ltd. (India)

30,296   542,233
LiveRamp Holdings, Inc.*

50,327   1,736,281
Microsoft Corp.

951,700   400,399,224
MicroStrategy, Inc. (Class A Stock)*(a)

520   886,371
Mitek Systems, Inc.*

31,200   439,920
Monday.com Ltd.*

21,664   4,893,248
nCino, Inc.*

1,934   72,293
NCR Voyix Corp.*

67,222   849,014
Nemetschek SE (Germany)

16,296   1,613,027
Nice Ltd. (Israel)*

10,936   2,845,995
Nutanix, Inc. (Class A Stock)*

5,543   342,114
Oracle Corp.

113,895   14,306,351
Oracle Corp. (Japan)

15,800   1,188,178
Palo Alto Networks, Inc.*(a)

22,670   6,441,227
Procore Technologies, Inc.*(a)

6,932   569,602
      Shares   Value
Common Stocks (continued)
Software (cont’d.)
PTC, Inc.*

5,272   $996,092
Q2 Holdings, Inc.*(a)

38,985   2,049,052
Rapid7, Inc.*

5,500   269,720
Roper Technologies, Inc.(a)

12,383   6,944,882
Sage Group PLC (The) (United Kingdom)

31,227   499,072
Salesforce, Inc.

217,414   65,480,749
SAP SE (Germany)

65,116   12,679,322
SentinelOne, Inc. (Class A Stock)*

6,106   142,331
ServiceNow, Inc.*

50,695   38,649,868
SolarWinds Corp.*

131,300   1,657,006
Sprout Social, Inc. (Class A Stock)*(a)

16,597   991,007
SPS Commerce, Inc.*

7,500   1,386,750
Synopsys, Inc.*

6,586   3,763,899
Temenos AG (Switzerland)

3,581   256,150
Teradata Corp.*

57,293   2,215,520
Trend Micro, Inc. (Japan)

17,300   878,610
Tyler Technologies, Inc.*

972   413,110
UiPath, Inc. (Class A Stock)*

2,709   61,413
Unity Software, Inc.*

5,297   141,430
Verint Systems, Inc.*

47,500   1,574,625
Workday, Inc. (Class A Stock)*

44,475   12,130,556
Xero Ltd. (New Zealand)*

18,554   1,611,033
Zoom Video Communications, Inc. (Class A Stock)*

78,251   5,115,268
Zuora, Inc. (Class A Stock)*

12,300   112,176
            740,382,303
Specialized REITs — 0.4%
American Tower Corp.

57,266   11,315,189
Big Yellow Group PLC (United Kingdom)

12,187   163,511
Crown Castle, Inc.

38,220   4,044,823
CubeSmart

6,758   305,597
Digital Realty Trust, Inc.

32,462   4,675,826
EPR Properties

2,686   114,021
Equinix, Inc.

5,571   4,597,913
Extra Space Storage, Inc.

12,196   1,792,812
Gaming & Leisure Properties, Inc.

142,553   6,567,417
Iron Mountain, Inc.(a)

139,124   11,159,136
Lamar Advertising Co. (Class A Stock)

607   72,482
National Storage Affiliates Trust

10,111   395,947
Outfront Media, Inc.

68,500   1,150,115
PotlatchDeltic Corp.(a)

6,300   296,226
Public Storage

45,952   13,328,837
Rayonier, Inc.(a)

4,435   147,419
SBA Communications Corp.(a)

4,767   1,033,009
Shurgard Self Storage Ltd. (Belgium)

11,283   503,286
Uniti Group, Inc.(a)

98,100   578,790
VICI Properties, Inc.

65,933   1,964,144
Weyerhaeuser Co.

34,951   1,255,090
            65,461,590
Specialty Retail — 1.1%
Aaron’s Co., Inc. (The)

16,800   126,000
Abercrombie & Fitch Co. (Class A Stock)*

21,600   2,707,128
Academy Sports & Outdoors, Inc.

11,600   783,464
 
A23

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Specialty Retail (cont’d.)
Advance Auto Parts, Inc.

1,844   $156,906
AutoNation, Inc.*

856   141,737
AutoZone, Inc.*

1,575   4,963,849
Bath & Body Works, Inc.

10,986   549,520
Best Buy Co., Inc.(a)

8,488   696,271
Boot Barn Holdings, Inc.*

3,049   290,112
Burlington Stores, Inc.*

3,606   837,277
CarMax, Inc.*(a)

7,300   635,903
Carvana Co.*

1,500   131,865
Designer Brands, Inc. (Class A Stock)

38,074   416,149
Dick’s Sporting Goods, Inc.(a)

1,697   381,587
Fast Retailing Co. Ltd. (Japan)

13,300   4,120,687
Five Below, Inc.*

777   140,932
GameStop Corp. (Class A Stock)*(a)

8,115   101,600
Gap, Inc. (The)

50,094   1,380,090
Genesco, Inc.*

3,700   104,118
Group 1 Automotive, Inc.

1,000   292,230
HLA Group Corp. Ltd. (China) (Class A Stock)

50,400   60,900
Home Depot, Inc. (The)

115,375   44,257,850
Industria de Diseno Textil SA (Spain)

241,926   12,182,497
JD Sports Fashion PLC (United Kingdom)

570,026   968,392
JUMBO SA (Greece)

624   17,975
Kingfisher PLC (United Kingdom)

1,426,369   4,489,178
Lithia Motors, Inc.

822   247,307
Lowe’s Cos., Inc.

90,174   22,970,023
Murphy USA, Inc.

41   17,187
O’Reilly Automotive, Inc.*

11,236   12,684,096
Penske Automotive Group, Inc.

586   94,926
Petco Health & Wellness Co., Inc.*(a)

390,854   891,147
RH*

390   135,821
Ross Stores, Inc.

23,179   3,401,750
Signet Jewelers Ltd.(a)

13,000   1,300,910
TJX Cos., Inc. (The)

226,161   22,937,249
Tractor Supply Co.(a)

1,901   497,530
Trent Ltd. (India)

4,773   226,554
Ulta Beauty, Inc.*

22,098   11,554,602
Urban Outfitters, Inc.*

82,327   3,574,638
USS Co. Ltd. (Japan)

54,600   451,387
Valvoline, Inc.*(a)

3,092   137,810
Vibra Energia SA (Brazil)

6,000   29,908
Victoria’s Secret & Co.*(a)

40,987   794,328
Wayfair, Inc. (Class A Stock)*(a)

1,603   108,812
Williams-Sonoma, Inc.(a)

1,695   538,213
            163,528,415
Technology Hardware, Storage & Peripherals — 2.3%
Acer, Inc. (Taiwan)

530,000   772,543
Advantech Co. Ltd. (Taiwan)

42,901   545,801
Apple, Inc.

1,649,846   282,915,592
Asia Vital Components Co. Ltd. (Taiwan)

20,632   349,435
Asustek Computer, Inc. (Taiwan)

54,000   714,877
Brother Industries Ltd. (Japan)

49,200   912,474
Canon, Inc. (Japan)

99,800   2,973,547
Catcher Technology Co. Ltd. (Taiwan)

129,000   876,592
Compal Electronics, Inc. (Taiwan)

456,000   546,144
      Shares   Value
Common Stocks (continued)
Technology Hardware, Storage & Peripherals (cont’d.)
Dell Technologies, Inc. (Class C Stock)

73,410   $8,376,815
Hewlett Packard Enterprise Co.

689,886   12,231,679
HP, Inc.

233,541   7,057,609
Inventec Corp. (Taiwan)

15,000   27,452
Lite-On Technology Corp. (Taiwan)

143,000   474,036
Logitech International SA (Switzerland)

40,157   3,598,442
MCJ Co. Ltd. (Japan)

52,100   461,709
Micro-Star International Co. Ltd. (Taiwan)

86,000   448,777
NetApp, Inc.

23,876   2,506,264
Pegatron Corp. (Taiwan)

168,000   523,029
Pure Storage, Inc. (Class A Stock)*

1,873   97,377
Quanta Computer, Inc. (Taiwan)

91,000   796,885
Samsung Electronics Co. Ltd. (South Korea)

101,868   6,122,013
Seagate Technology Holdings PLC

3,380   314,509
Seiko Epson Corp. (Japan)

71,400   1,248,967
Shenzhen Transsion Holdings Co. Ltd. (China) (Class A Stock)

374   8,415
Super Micro Computer, Inc.*(a)

11,640   11,756,749
Western Digital Corp.*

18,664   1,273,631
Wistron Corp. (Taiwan)

526,309   1,982,649
Wiwynn Corp. (Taiwan)

1,000   68,476
Xiaomi Corp. (China) (Class B Stock), 144A*

145,400   285,461
            350,267,949
Textiles, Apparel & Luxury Goods — 0.9%
adidas AG (Germany)

1,744   389,660
ANTA Sports Products Ltd. (China)

30,400   324,150
Birkenstock Holding PLC (Luxembourg)*(a)

632   29,862
Bosideng International Holdings Ltd. (China)

92,000   46,015
Brunello Cucinelli SpA (Italy)

36,773   4,202,702
Burberry Group PLC (United Kingdom)

30,285   463,250
Capri Holdings Ltd.*

3,415   154,699
Carter’s, Inc.(a)

1,106   93,656
Cie Financiere Richemont SA (Switzerland) (Class A Stock)

45,264   6,891,010
Columbia Sportswear Co.(a)

1,092   88,649
Deckers Outdoor Corp.*

12,083   11,373,245
Eclat Textile Co. Ltd. (Taiwan)

1,000   17,103
G-III Apparel Group Ltd.*

121,108   3,513,343
Hanesbrands, Inc.*(a)

83,900   486,620
Hermes International SCA (France)

5,434   13,888,114
Kontoor Brands, Inc.(a)

2,681   161,530
LPP SA (Poland)

144   551,159
Lululemon Athletica, Inc.*(a)

57,516   22,468,625
LVMH Moet Hennessy Louis Vuitton SE (France)

49,177   44,249,305
Moncler SpA (Italy)

8,075   602,562
NIKE, Inc. (Class B Stock)

112,336   10,557,337
On Holding AG (Switzerland) (Class A Stock)*(a)

13,206   467,228
Pandora A/S (Denmark)

12,718   2,052,762
PVH Corp.

1,814   255,067
Ralph Lauren Corp.

31,540   5,921,950
 
A24

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Textiles, Apparel & Luxury Goods (cont’d.)
Skechers USA, Inc. (Class A Stock)*

3,783   $231,747
Steven Madden Ltd.(a)

9,400   397,432
Tapestry, Inc.

10,495   498,303
Under Armour, Inc. (Class A Stock)*

5,815   42,915
Under Armour, Inc. (Class C Stock)*

6,224   44,439
VF Corp.

16,280   249,735
Wolverine World Wide, Inc.

61,600   690,536
            131,404,710
Tobacco — 0.2%
Altria Group, Inc.

209,257   9,127,790
British American Tobacco PLC (United Kingdom)

148,335   4,502,130
Imperial Brands PLC (United Kingdom)

156,442   3,497,200
ITC Ltd. (India)

15,973   82,254
Japan Tobacco, Inc. (Japan)

94,300   2,514,220
KT&G Corp. (South Korea)

3,807   264,971
Philip Morris International, Inc.

85,933   7,873,181
Scandinavian Tobacco Group A/S (Denmark), 144A

145,934   2,610,165
Turning Point Brands, Inc.

27,000   791,100
Universal Corp.

26,500   1,370,580
            32,633,591
Trading Companies & Distributors — 0.4%
AerCap Holdings NV (Ireland)*(a)

23,000   1,998,930
Air Lease Corp.(a)

3,168   162,962
Ashtead Group PLC (United Kingdom)

19,437   1,384,482
Beacon Roofing Supply, Inc.*

26,600   2,607,332
BlueLinx Holdings, Inc.*

4,700   612,128
Boise Cascade Co.

8,400   1,288,308
Brenntag SE (Germany)

24,016   2,024,094
Bunzl PLC (United Kingdom)

28,314   1,089,455
Core & Main, Inc. (Class A Stock)*

5,172   296,097
Fastenal Co.(a)

14,355   1,107,345
Ferguson PLC

18,353   4,008,846
GMS, Inc.*

23,100   2,248,554
Herc Holdings, Inc.

7,965   1,340,510
ITOCHU Corp. (Japan)

84,900   3,647,270
Marubeni Corp. (Japan)

57,800   1,001,076
Mitsubishi Corp. (Japan)

345,800   7,991,863
Mitsui & Co. Ltd. (Japan)

131,500   6,147,834
MRC Global, Inc.*

10,000   125,700
MSC Industrial Direct Co., Inc. (Class A Stock)(a)

1,402   136,050
Reece Ltd. (Australia)

24,975   457,285
Seven Group Holdings Ltd. (Australia)

23,910   635,376
Shanxi Coal International Energy Group Co. Ltd. (China) (Class A Stock)

22,000   50,830
SiteOne Landscape Supply, Inc.*(a)

916   159,888
Sumitomo Corp. (Japan)

24,700   594,972
Toyota Tsusho Corp. (Japan)

23,600   1,620,632
United Rentals, Inc.

4,411   3,180,816
W.W. Grainger, Inc.

5,668   5,766,056
Watsco, Inc.(a)

9,180   3,965,485
WESCO International, Inc.

1,349   231,057
            55,881,233
      Shares   Value
Common Stocks (continued)
Transportation Infrastructure — 0.0%
Aena SME SA (Spain), 144A

13,261   $2,611,801
Grupo Aeroportuario del Pacifico SAB de CV (Mexico) (Class B Stock)

71,550   1,161,912
International Container Terminal Services, Inc. (Philippines)

6,380   36,170
Malaysia Airports Holdings Bhd (Malaysia)

4,400   9,211
Promotora y Operadora de Infraestructura SAB de CV (Mexico)

975   10,342
            3,829,436
Water Utilities — 0.0%
American Water Works Co., Inc.

42,927   5,246,109
Essential Utilities, Inc.

7,467   276,652
Guangdong Investment Ltd. (China)

16,000   6,854
SJW Group(a)

17,100   967,689
            6,497,304
Wireless Telecommunication Services — 0.1%
Etihad Etisalat Co. (Saudi Arabia)

18,502   259,447
KDDI Corp. (Japan)(a)

112,200   3,317,386
SK Telecom Co. Ltd. (South Korea)

25,607   1,013,919
SoftBank Corp. (Japan)

32,700   421,011
SoftBank Group Corp. (Japan)

43,700   2,595,141
Spok Holdings, Inc.

52,800   842,160
Tele2 AB (Sweden) (Class B Stock)

136,954   1,124,592
Telephone & Data Systems, Inc.

115,800   1,855,116
TIM SA (Brazil)

5,200   18,445
T-Mobile US, Inc.

24,177   3,946,170
Turkcell Iletisim Hizmetleri A/S (Turkey)

6,536   13,815
Vodafone Group PLC (United Kingdom)

2,258,044   2,002,717
            17,409,919
 
Total Common Stocks

(cost $6,960,677,512)

  8,555,391,485
Preferred Stocks — 0.1%
Automobiles — 0.1%
Bayerische Motoren Werke AG (Germany) (PRFC)

4,188   449,383
Dr. Ing. h.c. F. Porsche AG (Germany) (PRFC), 144A

17,342   1,724,799
Hyundai Motor Co. (South Korea) (2nd PRFC)

186   21,677
Hyundai Motor Co. (South Korea) (PRFC)

172   20,209
Volkswagen AG (Germany) (PRFC)

19,162   2,541,342
            4,757,410
Banks — 0.0%
Bancolombia SA (Colombia) (PRFC)

107,089   910,472
Itau Unibanco Holding SA (Brazil) (PRFC)

40,600   281,304
            1,191,776
 
A25

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
 
Preferred Stocks (continued)
Capital Markets — 0.0%
State Street Corp., 5.350%(ff), Series G, Maturing 03/15/26(a)(oo)

50,000   $1,224,500
Chemicals — 0.0%
LG Chem Ltd. (South Korea) (PRFC)

57   12,717
Electric Utilities — 0.0%
Cia Energetica de Minas Gerais (Brazil) (PRFC)

99,414   249,358
Electrical Equipment — 0.0%
Sociedad Quimica y Minera de Chile SA (Chile) (PRFC B)

10,612   517,761
Household Products — 0.0%
Henkel AG & Co. KGaA (Germany) (PRFC)

32,827   2,638,505
Metals & Mining — 0.0%
Gerdau SA (Brazil) (PRFC)

968,140   4,285,343
Oil, Gas & Consumable Fuels — 0.0%
Petroleo Brasileiro SA (Brazil) (PRFC)

122,200   913,686
Surgutneftegas PJSC (Russia) (PRFC)^

144,000  
            913,686
Technology Hardware, Storage & Peripherals — 0.0%
Samsung Electronics Co. Ltd. (South Korea) (PRFC)

11,169   557,469
 
Total Preferred Stocks

(cost $15,744,538)

  16,348,525
Unaffiliated Exchange-Traded Funds — 3.5%
iShares Core S&P 500 ETF

358,417   188,430,569
iShares Core U.S. Aggregate Bond ETF

3,000,118   293,831,557
iShares MSCI EAFE ETF(a)

400,100   31,951,986
iShares Russell 1000 Value ETF

48,200   8,633,102
 
Total Unaffiliated Exchange-Traded Funds

(cost $473,398,467)

  522,847,214
    
      Units  
Warrants* — 0.0%
Software
Constellation Software, Inc. (Canada), expiring 03/31/40^

200 666
(cost $0)    
    
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
 
Asset-Backed Securities — 3.5%
Automobiles — 0.1%
Avis Budget Rental Car Funding AESOP LLC,
Series 2024-03A, Class A, 144A
5.230%   12/20/30     1,300 1,298,968
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
Asset-Backed Securities (continued)
Automobiles (cont’d.)
Bayview Opportunity Master Fund VII Trust,
Series 2024-SN01, Class B, 144A
5.670%   08/15/28     500   $500,825
Enterprise Fleet Financing LLC,
Series 2023-02, Class A2, 144A
5.560%   04/22/30     1,636   1,637,291
Series 2024-01, Class A2, 144A
5.230%   03/20/30     1,500   1,497,523
Exeter Automobile Receivables Trust,
Series 2021-03A, Class D
1.550%   06/15/27     2,000   1,886,746
Ford Credit Auto Owner Trust,
Series 2023-02, Class D, 144A
6.600%   02/15/36     900   911,387
Ford Credit Floorplan Master Owner Trust,
Series 2023-01, Class A1, 144A
4.920%   05/15/28     1,700   1,691,617
JPMorgan Chase Bank, NA,
Series 2021-02, Class E, 144A
2.280%   12/26/28     64   63,487
Series 2021-03, Class D, 144A
1.009%   02/26/29     57   55,058
Santander Bank Auto Credit-Linked Notes,
Series 2022-A, Class C, 144A
7.375%   05/15/32     134   134,110
Series 2022-C, Class E, 144A
11.366%   12/15/32     133   136,216
Santander Bank, NA,
Series 2021-01A, Class C, 144A
3.268%   12/15/31     93   92,201
Santander Drive Auto Receivables Trust,
Series 2023-06, Class B
5.980%   04/16/29     500   508,181
Series 2023-06, Class C
6.400%   03/17/31     100   102,903
World Omni Select Auto Trust,
Series 2021-A, Class D
1.440%   11/15/27     600   559,627
              11,076,140
Collateralized Loan Obligations — 3.3%
Anchorage Capital CLO Ltd. (Cayman Islands),
Series 2016-08A, Class AR2A, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%)
6.781%(c)   10/27/34     10,500   10,471,153
Apex Credit CLO LLC (Cayman Islands),
Series 2021-02A, Class A1A, 144A, 3 Month SOFR + 1.492% (Cap N/A, Floor 1.230%)
6.809%(c)   10/20/34     13,250   13,254,891
Apidos CLO Ltd. (United Kingdom),
Series 2023-44A, Class A1, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%)
7.324%(c)   04/26/35     15,500   15,557,286
Ares European CLO DAC (Ireland),
Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%)
5.192%(c)   04/15/30   EUR 2,000   2,128,697
 
A26

AST PRUDENTIAL GROWTH 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.)
Bain Capital Euro CLO DAC (Ireland),
Series 2020-01A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%)
5.070%(c)   01/24/33   EUR 4,000   $4,304,889
Barings CLO Ltd. (Cayman Islands),
Series 2020-02A, Class AR, 144A, 3 Month SOFR + 1.272% (Cap N/A, Floor 1.010%)
6.586%(c)   10/15/33     4,946   4,950,342
Series LP-02A, Class A, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.100%)
6.679%(c)   01/20/34     17,200   17,212,243
Battalion CLO Ltd. (Cayman Islands),
Series 2018-12A, Class A1, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%)
6.651%(c)   05/17/31     2,279   2,282,299
Series 2021-21A, Class A, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%)
6.756%(c)   07/15/34     4,000   3,996,539
Benefit Street Partners CLO Ltd. (Cayman Islands),
Series 2017-12A, Class A1R, 144A, 3 Month SOFR + 1.212% (Cap N/A, Floor 0.950%)
6.526%(c)   10/15/30     17,727   17,741,852
BlueMountain CLO Ltd. (Cayman Islands),
Series 2016-02A, Class A1R2, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%)
6.701%(c)   08/20/32     6,050   6,051,736
CarVal CLO Ltd. (Cayman Islands),
Series 2021-01A, Class A1A, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%)
6.759%(c)   07/20/34     6,000   5,986,888
CBAM Ltd. (Cayman Islands),
Series 2019-11RA, Class A1, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%)
6.759%(c)   01/20/35     10,125   10,103,561
Series 2020-12A, Class AR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.442%)
6.759%(c)   07/20/34     8,250   8,249,185
CIFC European Funding CLO DAC (Ireland),
Series 03A, Class A, 144A, 3 Month EURIBOR + 1.050% (Cap N/A, Floor 1.050%)
4.992%(c)   01/15/34   EUR 5,250   5,625,308
CIFC Funding Ltd. (Cayman Islands),
Series 2015-04A, Class A1A2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.332%)
6.649%(c)   04/20/34     4,540   4,540,804
Series 2021-05A, Class A, 144A, 3 Month SOFR + 1.402% (Cap N/A, Floor 1.402%)
6.716%(c)   07/15/34     9,000   9,017,209
Clover CLO Ltd. (Cayman Islands),
Series 2019-02A, Class AR, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 1.362%)
6.686%(c)   10/25/33     11,250   11,250,091
Columbia Cent CLO Ltd. (Cayman Islands),
Series 2021-31A, Class A1, 144A, 3 Month SOFR + 1.462% (Cap N/A, Floor 1.200%)
6.779%(c)   04/20/34     2,275   2,265,483
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
Asset-Backed Securities (continued)
Collateralized Loan Obligations (cont’d.)
CQS US CLO Ltd. (United Kingdom),
Series 2023-03A, Class A1, 144A, 3 Month SOFR + 1.890% (Cap N/A, Floor 1.890%)
7.209%(c)   01/25/37     12,000   $11,989,853
CVC Cordatus Loan Fund DAC (Ireland),
Series 07A, Class ARR, 144A, 3 Month EURIBOR + 0.630% (Cap N/A, Floor 0.630%)
4.570%(c)   09/15/31   EUR 5,251   5,615,533
Series 21A, Class A1, 144A, 3 Month EURIBOR + 0.960% (Cap N/A, Floor 0.960%)
4.882%(c)   09/22/34   EUR 2,500   2,670,662
Elevation CLO Ltd. (Cayman Islands),
Series 2018-03A, Class A1R, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.796%(c)   01/25/35     17,500   17,463,603
Elmwood CLO Ltd. (Cayman Islands),
Series 2019-02A, Class AR, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.412%)
6.729%(c)   04/20/34     6,000   6,005,400
Fidelity Grand Harbour CLO DAC (Ireland),
Series 2021-01A, Class A, 144A, 3 Month EURIBOR + 1.000% (Cap N/A, Floor 1.000%)
4.942%(c)   10/15/34   EUR 8,500   9,094,837
Generate CLO Ltd. (Cayman Islands),
Series 02A, Class AR, 144A, 3 Month SOFR + 1.412% (Cap N/A, Floor 1.150%)
6.729%(c)   01/22/31     12,927   12,930,821
Series 07A, Class A1R, 144A, 3 Month SOFR + 1.620% (Cap N/A, Floor 1.620%)
6.919%(c)   04/22/37     12,500   12,506,858
Greywolf CLO Ltd. (Cayman Islands),
Series 2013-01A, Class A1SR, 144A, 3 Month SOFR + 1.400% (Cap N/A, Floor 1.140%)
6.717%(c)   04/15/34     10,000   10,003,881
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.440% (Cap N/A, Floor 1.440%)
6.758%(c)   10/20/31     7,000   7,005,023
Series 2020-03RA, Class A1R, 144A, 3 Month SOFR + 1.550% (Cap N/A, Floor 1.290%)
6.868%(c)   04/15/33     19,000   19,063,314
Hayfin Emerald CLO DAC (Ireland),
Series 05A, Class A, 144A, 3 Month EURIBOR + 1.100% (Cap N/A, Floor 1.100%)
5.015%(c)   11/17/32   EUR 13,497   14,524,326
ICG Euro CLO DAC (Ireland),
Series 2023-02A, Class A1, 144A, 3 Month EURIBOR + 1.730% (Cap N/A, Floor 1.730%)
5.652%(c)   01/26/38   EUR 16,000   17,359,016
ICG Rhinebeck CLO Ltd. (Cayman Islands),
Series 2021-04A, Class A1, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.796%(c)   10/26/34     1,500   1,500,000
Invesco Euro CLO DAC (Ireland),
Series 01A, Class A1R, 144A, 3 Month EURIBOR + 0.650% (Cap N/A, Floor 0.650%)
4.592%(c)   07/15/31   EUR 9,000   9,605,959
 
A27

AST PRUDENTIAL GROWTH 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.)
KKR CLO Ltd. (Cayman Islands),
Series 32A, Class A1, 144A, 3 Month SOFR + 1.582% (Cap N/A, Floor 1.320%)
6.896%(c)   01/15/32     28,850   $28,856,783
LCM Ltd. (Cayman Islands),
Series 34A, Class A1, 144A, 3 Month SOFR + 1.432% (Cap N/A, Floor 1.170%)
6.749%(c)   10/20/34     4,500   4,495,278
Madison Park Funding Ltd. (Cayman Islands),
Series 2016-21A, Class AARR, 144A, 3 Month SOFR + 1.342% (Cap N/A, Floor 1.342%)
6.656%(c)   10/15/32     10,500   10,503,768
Mountain View CLO Ltd. (Cayman Islands),
Series 2013-01A, Class ARR, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 1.000%)
6.588%(c)   10/12/30     4,770   4,774,174
Palmer Square European CLO DAC (Ireland),
Series 2022-02A, Class AR, 144A, 3 Month EURIBOR + 1.600% (Cap N/A, Floor 1.600%)
5.517%(c)   01/15/38   EUR 10,500   11,359,190
Rad CLO Ltd. (Cayman Islands),
Series 2023-19A, Class A1, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%)
7.318%(c)   04/20/35     10,250   10,288,610
Sixth Street CLO Ltd. (Cayman Islands),
Series 2020-16A, Class A1R, 144A, 3 Month SOFR + 1.790% (Cap N/A, Floor 1.790%)
7.123%(c)   01/20/37     14,750   14,872,269
St. Paul’s CLO DAC (Ireland),
Series 04A, Class ARR1, 144A, 3 Month EURIBOR + 0.830% (Cap N/A, Floor 0.830%)
4.778%(c)   04/25/30   EUR 4,941   5,306,005
TCW CLO Ltd. (Cayman Islands),
Series 2020-01A, Class A1RR, 144A, 3 Month SOFR + 1.422% (Cap N/A, Floor 1.160%)
6.739%(c)   04/20/34     2,100   2,100,723
Series 2021-02A, Class AS, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%)
6.766%(c)   07/25/34     5,150   5,160,941
Telos CLO Ltd. (Cayman Islands),
Series 2013-04A, Class AR, 144A, 3 Month SOFR + 1.502% (Cap N/A, Floor 0.000%)
6.818%(c)   01/17/30     5,505   5,510,425
Tikehau US CLO Ltd. (Bermuda),
Series 2022-02A, Class A1R, 144A, 3 Month SOFR + 1.870% (Cap N/A, Floor 1.870%)
7.188%(c)   01/20/36     11,350   11,412,552
Toro European CLO DAC (Ireland),
Series 09A, Class A, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%)
5.547%(c)   04/15/37   EUR 12,000   12,964,771
Trinitas CLO Ltd. (Cayman Islands),
Series 2023-26A, Class A1, 144A, 3 Month SOFR + 1.690% (Cap N/A, Floor 1.690%)
7.008%(c)   01/20/35     5,800   5,812,817
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
Asset-Backed Securities (continued)
Collateralized Loan Obligations (cont’d.)
Trinitas Euro CLO DAC (Ireland),
Series 06A, Class A, 144A, 3 Month EURIBOR + 1.600% (Cap N/A, Floor 1.600%)
5.525%(c)   04/15/37   EUR 10,000   $10,832,193
Venture CLO Ltd. (Cayman Islands),
Series 2017-28AA, Class A1R, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.789%(c)   10/20/34     12,000   11,958,276
Voya Euro CLO DAC (Ireland),
Series 04A, Class AR, 144A, 3 Month EURIBOR + 0.970% (Cap N/A, Floor 0.970%)
4.912%(c)   10/15/34   EUR 10,000   10,635,578
Wellfleet CLO Ltd. (Cayman Islands),
Series 2019-01A, Class A1R, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%)
6.699%(c)   07/20/32     13,600   13,595,682
Wind River CLO Ltd. (Cayman Islands),
Series 2016-01KRA, Class A1R2, 144A, 3 Month SOFR + 1.472% (Cap N/A, Floor 1.210%)
6.786%(c)   10/15/34     3,750   3,746,816
Zais CLO Ltd. (Cayman Islands),
Series 2017-02A, Class A, 144A, 3 Month SOFR + 1.552% (Cap N/A, Floor 0.000%)
6.866%(c)   04/15/30     3,204   3,206,813
              499,723,206
Consumer Loans — 0.1%
Fairstone Financial Issuance Trust (Canada),
Series 2020-01A, Class A, 144A
2.509%   10/20/39   CAD 200   144,293
OneMain Financial Issuance Trust,
Series 2023-01A, Class A, 144A
5.500%   06/14/38     3,000   3,044,864
Series 2023-02A, Class C, 144A
6.740%   09/15/36     400   405,628
Series 2023-02A, Class D, 144A
7.520%   09/15/36     400   410,082
              4,004,867
Credit Cards — 0.0%
NewDay Funding (United Kingdom),
Series 2024-01A, Class A, 144A, SONIA + 1.180% (Cap N/A, Floor 0.000%)
6.385%(c)   03/15/32   GBP 2,000   2,527,582
Home Equity Loans — 0.0%
CDC Mortgage Capital Trust,
Series 2003-HE01, Class M1, 1 Month SOFR + 1.464% (Cap N/A, Floor 1.350%)
6.794%(c)   08/25/33     176   186,675
Home Equity Asset Trust,
Series 2002-05, Class M1, 1 Month SOFR + 1.814% (Cap N/A, Floor 1.700%)
7.144%(c)   05/25/33     666   651,913
 
A28

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
Asset-Backed Securities (continued)
Home Equity Loans (cont’d.)
JPMorgan Mortgage Trust,
Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%)
7.019%(c)   03/25/54     150   $150,672
Merrill Lynch Mortgage Investors Trust,
Series 2004-HE02, Class A1A, 1 Month SOFR + 0.914% (Cap N/A, Floor 0.800%)
6.244%(c)   08/25/35     670   638,377
Morgan Stanley ABS Capital I, Inc. Trust,
Series 2003-HE03, Class M1, 1 Month SOFR + 1.134% (Cap N/A, Floor 1.020%)
6.464%(c)   10/25/33     39   38,444
RCKT Mortgage Trust,
Series 2024-CES01, Class A1A, 144A
6.025%(cc)   02/25/44     988   986,386
Towd Point HE Trust,
Series 2023-01, Class A1A, 144A
6.875%   02/25/63     240   240,637
Towd Point Mortgage Trust,
Series 2024-CES02, Class A1A, 144A
6.125%(cc)   02/25/64     99   99,179
              2,992,283
Other — 0.0%
Goodleap Sustainable Home Solutions Trust,
Series 2023-03C, Class A, 144A
6.500%   07/20/55     474   489,254
Residential Mortgage-Backed Securities — 0.0%
Bear Stearns Asset-Backed Securities Trust,
Series 2004-SD02, Class A1
5.922%(cc)   03/25/44     300   297,415
Popular ABS Mortgage Pass-Through Trust,
Series 2005-05, Class AF4
3.416%   11/25/35     134   131,930
Rathlin Residential DAC (Ireland),
Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%)
5.886%(c)   09/27/75   EUR 496   528,611
              957,956
 
Total Asset-Backed Securities

(cost $527,971,908)

  521,771,288
Commercial Mortgage-Backed Securities — 0.3%
Cantor Commercial Real Estate Lending,
Series 2019-CF03, Class A3
2.752%   01/15/53     6,800   5,907,785
Commercial Mortgage Trust,
Series 2014-CR20, Class A3
3.326%   11/10/47     4,899   4,860,231
CSAIL Commercial Mortgage Trust,
Series 2015-C02, Class A3
3.231%   06/15/57     6,495   6,385,292
FHLMC Multifamily Structured Pass-Through Certificates,
Series K052, Class X1, IO
0.625%(cc)   11/25/25     97,589   797,028
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Commercial Mortgage-Backed Securities
(continued)
Series K055, Class X1, IO
1.334%(cc)   03/25/26     28,968   $649,386
Greystone Commercial Capital Trust,
Series 2021-03, Class A, 144A, 1 Month SOFR + 2.344% (Cap N/A, Floor 2.230%) (original cost $2,500,000; purchased 07/30/21)(f)
7.671%(c)   08/01/24     2,500   2,483,222
JPMorgan Chase Commercial Mortgage Securities Trust,
Series 2018-AON, Class E, 144A
4.613%(cc)   07/05/31     5,200   2,080,863
Series 2022-ACB, Class D, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%)
8.219%(c)   03/15/39     750   732,313
Series 2022-ACB, Class E, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 3.350%)
8.669%(c)   03/15/39     1,950   1,881,078
Ladder Capital Commercial Mortgage Securities Trust,
Series 2017-LC26, Class A4, 144A
3.551%   07/12/50     8,050   7,593,851
ONE Mortgage Trust,
Series 2021-PARK, Class D, 144A, 1 Month SOFR + 1.614% (Cap N/A, Floor 1.500%)
6.939%(c)   03/15/36     300   280,545
OPG Trust,
Series 2021-PORT, Class F, 144A, 1 Month SOFR + 2.062% (Cap N/A, Floor 1.948%)
7.388%(c)   10/15/36     3,588   3,507,294
Taurus DAC (United Kingdom),
Series 2021-UK4A, Class C, 144A, SONIA + 1.750% (Cap N/A, Floor 1.750%)
6.971%(c)   08/17/31   GBP 737   930,569
Series 2021-UK4A, Class D, 144A, SONIA + 2.100% (Cap N/A, Floor 2.100%)
7.321%(c)   08/17/31   GBP 671   840,266
Wells Fargo Commercial Mortgage Trust,
Series 2015-LC20, Class A4
2.925%   04/15/50     2,000   1,941,910
Series 2021-FCMT, Class B, 144A, 1 Month SOFR + 1.964% (Cap N/A, Floor 1.850%)
7.290%(c)   05/15/31     300   291,289
Series 2021-FCMT, Class C, 144A, 1 Month SOFR + 2.514% (Cap N/A, Floor 2.400%)
7.840%(c)   05/15/31     200   192,277
Series 2021-FCMT, Class D, 144A, 1 Month SOFR + 3.614% (Cap N/A, Floor 3.500%)
8.940%(c)   05/15/31     300   281,700
 
Total Commercial Mortgage-Backed Securities

(cost $47,015,973)

  41,636,899
Corporate Bonds — 2.7%
Aerospace & Defense — 0.1%
Boeing Co. (The),
Sr. Unsec’d. Notes
3.950%   08/01/59     655   448,292
 
A29

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Aerospace & Defense (cont’d.)
Bombardier, Inc. (Canada),
Sr. Unsec’d. Notes, 144A
6.000%   02/15/28(a)     1,350   $1,328,062
7.125%   06/15/26(a)     854   865,743
7.500%   02/01/29(a)     1,150   1,184,500
7.875%   04/15/27(a)     2,199   2,199,000
              6,025,597
Agriculture — 0.0%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A
5.750%   02/01/29     2,150   1,991,773
Airlines — 0.0%
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,
Sr. Sec’d. Notes, 144A
5.750%   04/20/29     1,000   980,970
Southwest Airlines Co.,
Sr. Unsec’d. Notes
5.125%   06/15/27     490   489,200
U.S. Airways 2013-1 Class A Pass-Through Trust,
Pass-Through Certificates
3.950%   05/15/27     1,081   1,054,758
United Airlines, Inc.,
Sr. Sec’d. Notes, 144A
4.375%   04/15/26     1,660   1,605,312
4.625%   04/15/29     360   334,906
              4,465,146
Apparel — 0.0%
Wolverine World Wide, Inc.,
Gtd. Notes, 144A
4.000%   08/15/29(a)     480   385,600
Auto Manufacturers — 0.1%
Ford Motor Co.,
Sr. Unsec’d. Notes
4.750%   01/15/43     700   579,903
Ford Motor Credit Co. LLC,
Sr. Unsec’d. Notes
2.900%   02/16/28     675   610,005
3.664%   09/08/24     2,325   2,300,302
General Motors Financial Co., Inc.,
Sr. Unsec’d. Notes
3.600%   06/21/30(a)     1,995   1,801,329
              5,291,539
Auto Parts & Equipment — 0.0%
American Axle & Manufacturing, Inc.,
Gtd. Notes
6.500%   04/01/27(a)     1,125   1,120,754
Dana, Inc.,
Sr. Unsec’d. Notes
4.500%   02/15/32(a)     900   776,276
Phinia, Inc.,
Sr. Sec’d. Notes, 144A
6.750%   04/15/29     490   494,769
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     2,825   $2,577,312
              4,969,111
Banks — 0.6%
ABN AMRO Bank NV (Netherlands),
Sr. Non-Preferred Notes, 144A, MTN
6.575%(ff)   10/13/26     1,900   1,919,868
Agricultural Development Bank of China (China),
Sr. Unsec’d. Notes
3.800%   10/27/30   CNH 19,000   2,782,383
Banco Santander SA (Spain),
Sr. Non-Preferred Notes
3.800%   02/23/28     1,200   1,134,449
5.147%   08/18/25     1,200   1,191,549
Bangko Sentral ng Pilipinas International Bond (Philippines),
Sr. Unsec’d. Notes, Series A
8.600%   06/15/27     1,000   1,109,210
Bank Gospodarstwa Krajowego (Poland),
Gov’t. Gtd. Notes, EMTN
0.375%   10/13/28   EUR 200   185,495
3.000%   05/30/29   EUR 300   313,136
4.000%   09/08/27   EUR 1,800   1,965,020
Bank of America Corp.,
Sr. Unsec’d. Notes
2.572%(ff)   10/20/32(a)     770   637,646
2.687%(ff)   04/22/32     1,700   1,437,042
Barclays Bank PLC (United Kingdom),
Sr. Unsec’d. Notes, EMTN
0.500%   01/28/33   MXN 25,000   624,915
BNP Paribas SA (France),
Sr. Non-Preferred Notes, 144A
2.159%(ff)   09/15/29     3,210   2,799,099
Sr. Preferred Notes, 144A
5.335%(ff)   06/12/29     480   482,423
Cassa Depositi e Prestiti SpA (Italy),
Sr. Unsec’d. Notes, 144A
5.750%   05/05/26     2,000   1,982,439
Citigroup, Inc.,
Jr. Sub. Notes, Series V
4.700%(ff)   01/30/25(oo)     2,600   2,543,650
Sr. Unsec’d. Notes
2.561%(ff)   05/01/32     1,070   891,325
2.572%(ff)   06/03/31     2,705   2,312,197
Sub. Notes
4.125%   07/25/28     485   464,759
6.174%(ff)   05/25/34     330   335,280
Comerica, Inc.,
Sr. Unsec’d. Notes
5.982%(ff)   01/30/30     622   614,885
Credit Agricole SA (France),
Sr. Non-Preferred Notes, 144A, MTN
1.907%(ff)   06/16/26     2,110   2,016,801
 
A30

AST PRUDENTIAL GROWTH 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.)
Credit Suisse AG (Switzerland),
Sr. Unsec’d. Notes, EMTN
3.550%   05/27/31   CNH 5,000   $642,840
Deutsche Bank AG (Germany),
Sr. Non-Preferred Notes
1.447%(ff)   04/01/25     5,045   5,044,703
2.552%(ff)   01/07/28     1,170   1,073,040
Sub. Notes
3.742%(ff)   01/07/33     4,890   4,018,649
Sub. Notes, EMTN
3.662%(ff)   04/10/25   CNH 2,000   272,264
Discover Bank,
Sr. Unsec’d. Notes
3.450%   07/27/26     695   661,739
Emirates NBD Bank PJSC (United Arab Emirates),
Sr. Unsec’d. Notes
6.100%   02/21/33   AUD 1,500   1,020,235
Sr. Unsec’d. Notes, EMTN
4.050%   09/24/25   CNH 3,100   430,277
Sr. Unsec’d. Notes, MTN
4.750%   02/09/28   AUD 800   516,104
First Abu Dhabi Bank PJSC (United Arab Emirates),
Sr. Unsec’d. Notes, EMTN
0.125%   02/16/26   EUR 2,500   2,514,772
0.875%   12/09/25   GBP 1,000   1,169,382
1.625%   04/07/27   EUR 290   295,243
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A
12.000%   10/01/28     350   381,421
Goldman Sachs Group, Inc. (The),
Jr. Sub. Notes, Series U
3.650%(ff)   08/10/26(oo)     1,950   1,783,688
Jr. Sub. Notes, Series V
4.125%(ff)   11/10/26(oo)     1,075   996,881
Sr. Unsec’d. Notes
1.542%(ff)   09/10/27     2,680   2,448,378
2.615%(ff)   04/22/32     2,550   2,138,754
3.500%   04/01/25     295   289,498
Huntington Bancshares, Inc.,
Sr. Unsec’d. Notes
6.208%(ff)   08/21/29     400   409,630
Intesa Sanpaolo SpA (Italy),
Sub. Notes, 144A
4.198%(ff)   06/01/32(a)     1,000   834,613
JPMorgan Chase & Co.,
Jr. Sub. Notes, Series HH
4.600%(ff)   02/01/25(oo)     2,090   2,059,808
Sr. Unsec’d. Notes
1.953%(ff)   02/04/32     495   403,053
2.580%(ff)   04/22/32     120   101,306
3.509%(ff)   01/23/29     185   174,975
5.012%(ff)   01/23/30(a)     1,850   1,842,526
Lloyds Bank PLC (United Kingdom),
Sr. Unsec’d. Notes, EMTN
0.000%   04/02/32     200   128,084
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Banks (cont’d.)
MFB Magyar Fejlesztesi Bank Zrt (Hungary),
Gov’t. Gtd. Notes
1.375%   06/24/25   EUR 1,200   $1,243,644
Morgan Stanley,
Sr. Unsec’d. Notes
0.406%(ff)   10/29/27   EUR 900   895,269
1.593%(ff)   05/04/27     1,455   1,345,714
3.790%(ff)   03/21/30   EUR 1,000   1,062,825
3.955%(ff)   03/21/35   EUR 1,300   1,422,102
5.173%(ff)   01/16/30     1,120   1,121,402
Sr. Unsec’d. Notes, EMTN
0.000%   04/02/32     1,000   630,000
Sr. Unsec’d. Notes, GMTN
2.699%(ff)   01/22/31     2,475   2,163,026
Sr. Unsec’d. Notes, MTN
2.511%(ff)   10/20/32     220   181,788
5.250%(ff)   04/21/34     155   153,575
PNC Financial Services Group, Inc. (The),
Sr. Unsec’d. Notes
6.875%(ff)   10/20/34     650   711,647
QNB Finance Ltd. (Qatar),
Gtd. Notes, EMTN
3.150%   02/04/26   CNH 1,000   137,160
4.000%   03/14/27   CNH 2,000   279,484
Gtd. Notes, MTN
4.900%   02/01/28   AUD 100   64,633
Societe Generale SA (France),
Gtd. Notes, 144A
2.797%(ff)   01/19/28     2,465   2,276,304
Sr. Non-Preferred Notes, 144A
2.889%(ff)   06/09/32     345   283,476
3.337%(ff)   01/21/33     590   494,887
Sr. Non-Preferred Notes, EMTN
3.550%   06/16/29   CNH 5,000   659,936
Truist Financial Corp.,
Sr. Unsec’d. Notes, MTN
5.435%(ff)   01/24/30(a)     740   738,739
5.867%(ff)   06/08/34     210   212,567
7.161%(ff)   10/30/29     640   682,758
U.S. Bancorp,
Jr. Sub. Notes
3.700%(ff)   01/15/27(oo)     2,600   2,249,278
UBS Group AG (Switzerland),
Sr. Unsec’d. Notes, 144A
2.193%(ff)   06/05/26     1,275   1,219,942
UniCredit SpA (Italy),
Sr. Preferred Notes, 144A
1.982%(ff)   06/03/27(a)     1,220   1,125,124
Wells Fargo & Co.,
Sr. Unsec’d. Notes, MTN
2.572%(ff)   02/11/31     2,280   1,964,614
5.198%(ff)   01/23/30(a)     1,485   1,482,401
              84,197,729
 
A31

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Biotechnology — 0.0%
Amgen, Inc.,
Sr. Unsec’d. Notes
5.250%   03/02/30     955   $970,066
Building Materials — 0.0%
Carrier Global Corp.,
Sr. Unsec’d. Notes
4.500%   11/29/32   EUR 600   686,310
Sr. Unsec’d. Notes, 144A
4.375%   05/29/25   EUR 1,000   1,065,906
JELD-WEN, Inc.,
Gtd. Notes, 144A
4.625%   12/15/25     238   232,739
4.875%   12/15/27(a)     1,100   1,052,708
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A
4.375%   07/15/30     600   538,832
4.750%   01/15/28     1,725   1,645,992
              5,222,487
Chemicals — 0.0%
FMC Corp.,
Sr. Unsec’d. Notes
5.150%   05/18/26     710   706,285
Rain Carbon, Inc.,
Sr. Sec’d. Notes, 144A
12.250%   09/01/29     300   311,644
              1,017,929
Commercial Services — 0.1%
Adif Alta Velocidad (Spain),
Sr. Unsec’d. Notes, EMTN
3.250%   05/31/29   EUR 1,000   1,074,858
Allied Universal Holdco LLC/Allied Universal Finance Corp.,
Sr. Unsec’d. Notes, 144A
6.000%   06/01/29(a)     1,575   1,355,250
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl,
Sr. Sec’d. Notes, 144A
4.625%   06/01/28(a)     940   855,748
4.625%   06/01/28     585   529,425
APi Group DE, Inc.,
Gtd. Notes, 144A
4.125%   07/15/29     1,950   1,756,991
Boost Newco Borrower LLC,
Sr. Sec’d. Notes, 144A
7.500%   01/15/31     300   314,141
Central Nippon Expressway Co. Ltd. (Japan),
Sr. Unsec’d. Notes
0.886%   09/29/25     2,200   2,057,659
DP World Ltd. (United Arab Emirates),
Sr. Unsec’d. Notes
2.375%   09/25/26   EUR 1,300   1,352,979
4.250%   09/25/30   GBP 800   947,370
Equifax, Inc.,
Sr. Unsec’d. Notes
2.350%   09/15/31     850   702,303
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Commercial Services (cont’d.)
Freeport Terminal Malta PLC (Malta),
Gov’t. Gtd. Notes, 144A
7.250%   05/15/28     1,800   $1,922,657
United Rentals North America, Inc.,
Gtd. Notes
3.750%   01/15/32     325   283,245
4.875%   01/15/28(a)     1,600   1,556,028
5.250%   01/15/30(a)     2,004   1,954,681
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A
9.750%   08/15/26(a)     950   953,272
              17,616,607
Computers — 0.0%
McAfee Corp.,
Sr. Unsec’d. Notes, 144A
7.375%   02/15/30     2,150   1,983,664
NCR Atleos Corp.,
Sr. Sec’d. Notes, 144A
9.500%   04/01/29     761   813,845
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A
5.750%   06/01/25     1,850   1,845,533
              4,643,042
Cosmetics/Personal Care — 0.0%
Procter & Gamble Co. (The),
Sr. Unsec’d. Notes, 3 Month SOFR + (0.038)%
5.291%(c)   12/15/54(h)     200   197,539
Distribution/Wholesale — 0.0%
H&E Equipment Services, Inc.,
Gtd. Notes, 144A
3.875%   12/15/28     2,700   2,471,854
Diversified Financial Services — 0.1%
Discover Financial Services,
Sr. Unsec’d. Notes
3.750%   03/04/25     575   564,512
Greystone Commercial Capital Trust,
Sr. Unsec’d. Notes, Series A, 144A, 1 Month LIBOR + 2.270% (original cost $2,800,000; purchased 05/18/21)(f)
7.711%(c)   05/31/25^     2,800   2,408,000
Jefferies Financial Group, Inc.,
Sr. Unsec’d. Notes
2.625%   10/15/31     1,900   1,568,853
Nationstar Mortgage Holdings, Inc.,
Gtd. Notes, 144A
5.750%   11/15/31     1,300   1,199,815
6.000%   01/15/27(a)     915   903,612
Nomura International Funding Pte Ltd. (Japan),
Gtd. Notes, EMTN
3.130%   01/07/31   CNH 5,000   659,268
OneMain Finance Corp.,
Gtd. Notes
3.875%   09/15/28(a)     2,075   1,854,740
 
A32

AST PRUDENTIAL GROWTH 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.)
Ontario Teachers’ Finance Trust (Canada),
Gtd. Notes, EMTN
0.100%   05/19/28   EUR 300   $286,727
PennyMac Financial Services, Inc.,
Gtd. Notes, 144A
7.875%   12/15/29(a)     860   883,862
Power Finance Corp. Ltd. (India),
Sr. Unsec’d. Notes, GMTN
1.841%   09/21/28   EUR 1,900   1,824,335
Power Sector Assets & Liabilities Management Corp. (Philippines),
Gov’t. Gtd. Notes
9.625%   05/15/28     525   606,627
              12,760,351
Electric — 0.3%
Bulgarian Energy Holding EAD (Bulgaria),
Sr. Unsec’d. Notes
2.450%   07/22/28   EUR 1,200   1,155,448
Caledonia Generating LLC,
Sr. Sec’d. Notes, 144A
1.950%   02/28/34(h)     239   197,203
Calpine Corp.,
Sr. Sec’d. Notes, 144A
3.750%   03/01/31     2,000   1,755,188
Sr. Unsec’d. Notes, 144A
4.625%   02/01/29     470   435,309
5.000%   02/01/31     2,600   2,391,642
5.125%   03/15/28(a)     1,425   1,366,850
CMS Energy Corp.,
Jr. Sub. Notes
4.750%(ff)   06/01/50     400   367,978
Comision Federal de Electricidad (Mexico),
Sr. Unsec’d. Notes
5.000%   09/29/36     2,118   1,868,288
Eskom Holdings SOC Ltd. (South Africa),
Gov’t. Gtd. Notes, MTN
6.350%   08/10/28     5,600   5,362,000
Israel Electric Corp. Ltd. (Israel),
Sr. Sec’d. Notes
7.875%   12/15/26     2,500   2,590,200
NRG Energy, Inc.,
Gtd. Notes
5.750%   01/15/28(a)     1,750   1,740,413
Gtd. Notes, 144A
3.875%   02/15/32(a)     950   815,115
5.250%   06/15/29(a)     1,550   1,486,600
Jr. Sub. Notes, 144A
10.250%(ff)   03/15/28(oo)     500   534,658
Sr. Sec’d. Notes, 144A
2.000%   12/02/25     160   150,199
2.450%   12/02/27     700   629,622
NTPC Ltd. (India),
Sr. Unsec’d. Notes, EMTN
2.750%   02/01/27   EUR 2,300   2,372,051
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Electric (cont’d.)
Ontario Electricity Financial Corp. (Canada),
Local Gov’t. Gtd. Notes, Series 40
2.427%(s)   04/11/31   CAD 500   $275,760
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (Indonesia),
Sr. Unsec’d. Notes
1.875%   11/05/31   EUR 1,000   886,189
2.875%   10/25/25   EUR 2,000   2,119,725
Puget Energy, Inc.,
Sr. Sec’d. Notes
4.100%   06/15/30     1,515   1,383,578
SCE Recovery Funding LLC,
Sr. Sec’d. Notes, Series 2-A
5.112%   12/14/49(h)     120   117,283
Vistra Corp.,
Jr. Sub. Notes, 144A
7.000%(ff)   12/15/26(a)(oo)     1,150   1,139,075
8.000%(ff)   10/15/26(oo)     3,425   3,490,509
Jr. Sub. Notes, Series C, 144A
8.875%(ff)   01/15/29(oo)     2,000   2,067,308
Vistra Operations Co. LLC,
Gtd. Notes, 144A
4.375%   05/01/29(a)     1,100   1,019,416
5.000%   07/31/27     2,500   2,422,428
5.625%   02/15/27(a)     1,075   1,058,439
              41,198,474
Electrical Components & Equipment — 0.0%
WESCO Distribution, Inc.,
Gtd. Notes, 144A
6.375%   03/15/29     515   520,411
6.625%   03/15/32     380   386,301
7.250%   06/15/28(a)     925   944,446
              1,851,158
Electronics — 0.0%
Fortive Corp.,
Sr. Unsec’d. Notes
3.700%   02/13/26   EUR 1,300   1,402,292
3.700%   08/15/29   EUR 1,300   1,413,474
Honeywell International, Inc.,
Sr. Unsec’d. Notes
3.750%   05/17/32   EUR 1,100   1,213,959
              4,029,725
Engineering & Construction — 0.1%
Cellnex Telecom SA (Spain),
Sr. Unsec’d. Notes, EMTN
1.750%   10/23/30(a)   EUR 2,500   2,398,014
Mexico City Airport Trust (Mexico),
Sr. Sec’d. Notes
3.875%   04/30/28     1,150   1,078,484
5.500%   07/31/47     600   506,438
Sr. Sec’d. Notes, 144A
3.875%   04/30/28     810   759,628
 
A33

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Engineering & Construction (cont’d.)
TopBuild Corp.,
Gtd. Notes, 144A
4.125%   02/15/32     650   $575,467
              5,318,031
Entertainment — 0.1%
Caesars Entertainment, Inc.,
Gtd. Notes, 144A
4.625%   10/15/29(a)     2,400   2,193,115
Sr. Sec’d. Notes, 144A
6.500%   02/15/32(a)     1,015   1,024,953
7.000%   02/15/30     650   667,281
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A
6.375%   05/01/26     925   923,783
International Game Technology PLC,
Sr. Sec’d. Notes, 144A
4.125%   04/15/26     1,200   1,161,000
Jacobs Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A
6.750%   02/15/29     1,525   1,478,304
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.,
Gtd. Notes, 144A
5.875%   09/01/31(a)     1,150   842,776
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Gtd. Notes, 144A
7.125%   02/15/31(a)     460   476,187
              8,767,399
Environmental Control — 0.0%
GFL Environmental, Inc.,
Sr. Sec’d. Notes, 144A
6.750%   01/15/31     400   410,000
Foods — 0.1%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A
5.875%   02/15/28     2,100   2,078,106
B&G Foods, Inc.,
Gtd. Notes
5.250%   09/15/27(a)     2,275   2,127,295
Bellis Acquisition Co. PLC (United Kingdom),
Sr. Sec’d. Notes, 144A
3.250%   02/16/26   GBP 3,800   4,510,366
4.500%   02/16/26   GBP 2,500   3,032,126
Bellis Finco PLC (United Kingdom),
Sr. Unsec’d. Notes, 144A
4.000%   02/16/27   GBP 1,900   2,155,279
Lamb Weston Holdings, Inc.,
Gtd. Notes, 144A
4.125%   01/31/30     525   478,993
4.375%   01/31/32     500   448,067
Pilgrim’s Pride Corp.,
Gtd. Notes
4.250%   04/15/31     775   699,078
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Foods (cont’d.)
Post Holdings, Inc.,
Gtd. Notes, 144A
5.500%   12/15/29     225   $217,361
Sr. Sec’d. Notes, 144A
6.250%   02/15/32(a)     490   493,416
Sr. Unsec’d. Notes, 144A
4.500%   09/15/31(a)     1,147   1,031,854
              17,271,941
Gas — 0.0%
AmeriGas Partners LP/AmeriGas Finance Corp.,
Sr. Unsec’d. Notes
5.750%   05/20/27     606   592,852
5.875%   08/20/26     625   623,854
              1,216,706
Healthcare-Products — 0.1%
American Medical Systems Europe BV,
Gtd. Notes
1.625%   03/08/31   EUR 800   773,889
3.375%   03/08/29   EUR 1,200   1,298,455
Medline Borrower LP,
Sr. Sec’d. Notes, 144A
3.875%   04/01/29     1,700   1,547,417
Sr. Unsec’d. Notes, 144A
5.250%   10/01/29(a)     175   165,411
Medline Borrower LP/Medline Co-Issuer, Inc.,
Sr. Sec’d. Notes, 144A
6.250%   04/01/29     995   999,486
Thermo Fisher Scientific, Inc.,
Sr. Unsec’d. Notes, EMTN
1.875%   10/01/49   EUR 1,130   873,120
              5,657,778
Healthcare-Services — 0.0%
DaVita, Inc.,
Gtd. Notes, 144A
4.625%   06/01/30(a)     1,275   1,141,252
Tenet Healthcare Corp.,
Sr. Sec’d. Notes
4.250%   06/01/29     1,275   1,184,597
4.375%   01/15/30     1,225   1,132,741
Sr. Sec’d. Notes, 144A
6.750%   05/15/31(a)     1,650   1,681,211
              5,139,801
Home Builders — 0.1%
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A
4.625%   08/01/29(a)     1,075   991,757
Beazer Homes USA, Inc.,
Gtd. Notes
5.875%   10/15/27     125   123,420
7.250%   10/15/29(a)     1,600   1,619,275
 
A34

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Home Builders (cont’d.)
Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada),
Gtd. Notes, 144A
4.875%   02/15/30     2,000   $1,785,000
Sr. Unsec’d. Notes, 144A
5.000%   06/15/29     1,200   1,083,000
Century Communities, Inc.,
Gtd. Notes
6.750%   06/01/27     2,850   2,863,264
KB Home,
Gtd. Notes
4.000%   06/15/31(a)     1,050   930,907
M/I Homes, Inc.,
Gtd. Notes
4.950%   02/01/28     575   547,941
Mattamy Group Corp. (Canada),
Sr. Unsec’d. Notes, 144A
4.625%   03/01/30(a)     5,725   5,166,812
Taylor Morrison Communities, Inc.,
Gtd. Notes, 144A
5.750%   01/15/28     2,350   2,336,602
              17,447,978
Home Furnishings — 0.0%
Tempur Sealy International, Inc.,
Gtd. Notes, 144A
4.000%   04/15/29     800   726,756
Household Products/Wares — 0.0%
Central Garden & Pet Co.,
Gtd. Notes, 144A
4.125%   04/30/31     350   308,925
Housewares — 0.0%
Scotts Miracle-Gro Co. (The),
Gtd. Notes
4.000%   04/01/31(a)     1,725   1,486,041
Insurance — 0.0%
Fairfax Financial Holdings Ltd. (Canada),
Sr. Unsec’d. Notes
5.625%   08/16/32(a)     2,400   2,392,071
Unum Group,
Sr. Unsec’d. Notes
4.125%   06/15/51     570   431,267
              2,823,338
Investment Companies — 0.0%
MDGH GMTN RSC Ltd. (United Arab Emirates),
Gtd. Notes, EMTN
6.875%   03/14/26   GBP 200   259,347
Gtd. Notes, GMTN
0.375%   03/10/27   EUR 2,000   1,956,764
              2,216,111
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Leisure Time — 0.1%
Carnival Holdings Bermuda Ltd.,
Gtd. Notes, 144A
10.375%   05/01/28(a)     1,225   $1,336,616
NCL Corp. Ltd.,
Gtd. Notes, 144A
5.875%   03/15/26     475   468,963
NCL Finance Ltd.,
Gtd. Notes, 144A
6.125%   03/15/28(a)     1,000   987,500
Royal Caribbean Cruises Ltd.,
Gtd. Notes, 144A
7.250%   01/15/30     225   233,512
Sr. Unsec’d. Notes, 144A
5.500%   08/31/26(a)     950   937,555
Viking Cruises Ltd.,
Gtd. Notes, 144A
5.875%   09/15/27     1,475   1,441,812
              5,405,958
Lodging — 0.0%
Marriott International, Inc.,
Sr. Unsec’d. Notes, Series FF
4.625%   06/15/30     220   214,092
MGM Resorts International,
Gtd. Notes
5.500%   04/15/27(a)     1,750   1,735,523
6.500%   04/15/32     1,120   1,117,165
Wynn Macau Ltd. (Macau),
Sr. Unsec’d. Notes, 144A
5.500%   01/15/26     1,225   1,189,389
              4,256,169
Machinery-Diversified — 0.0%
Chart Industries, Inc.,
Sr. Sec’d. Notes, 144A
7.500%   01/01/30(a)     300   311,590
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A
11.500%   09/01/28     850   921,595
              1,233,185
Media — 0.1%
CCO Holdings LLC/CCO Holdings Capital Corp.,
Sr. Unsec’d. Notes
4.500%   05/01/32(a)     2,400   1,927,899
Sr. Unsec’d. Notes, 144A
4.750%   03/01/30(a)     880   754,851
Charter Communications Operating LLC/Charter Communications Operating Capital,
Sr. Sec’d. Notes
5.375%   05/01/47     616   497,338
Cox Communications, Inc.,
Gtd. Notes, 144A
5.450%   09/15/28     900   911,695
 
A35

AST PRUDENTIAL GROWTH 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.)
CSC Holdings LLC,
Gtd. Notes, 144A
3.375%   02/15/31     1,060   $719,252
5.500%   04/15/27(a)     2,200   1,968,206
Diamond Sports Group LLC/Diamond Sports Finance Co.,
Gtd. Notes, 144A (original cost $40,500; purchased 01/31/24)(f)
6.625%   08/15/27(d)     600   17,076
Sec’d. Notes, 144A (original cost $853,125; purchased 08/30/22)(f)
5.375%   08/15/26(d)     4,375   123,620
Discovery Communications LLC,
Gtd. Notes
4.000%   09/15/55     325   221,970
5.300%   05/15/49     559   470,411
DISH DBS Corp.,
Gtd. Notes
5.125%   06/01/29     3,000   1,257,080
DISH Network Corp.,
Sr. Sec’d. Notes, 144A
11.750%   11/15/27     3,150   3,217,690
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A
8.000%   08/15/28     1,330   1,355,398
Videotron Ltd. (Canada),
Gtd. Notes, 144A
5.375%   06/15/24     395   393,617
Virgin Media Secured Finance PLC (United Kingdom),
Sr. Sec’d. Notes
4.250%   01/15/30   GBP 1,600   1,737,243
              15,573,346
Mining — 0.0%
Alcoa Nederland Holding BV,
Gtd. Notes, 144A
7.125%   03/15/31     215   218,629
Arsenal AIC Parent LLC,
Unsec’d. Notes, 144A
11.500%   10/01/31     620   690,358
Barrick PD Australia Finance Pty Ltd. (Canada),
Gtd. Notes
5.950%   10/15/39     1,140   1,181,013
Freeport Indonesia PT (Indonesia),
Sr. Unsec’d. Notes, MTN
4.763%   04/14/27     670   653,585
Hecla Mining Co.,
Gtd. Notes
7.250%   02/15/28     200   200,869
Novelis Corp.,
Gtd. Notes, 144A
3.250%   11/15/26(a)     925   862,382
              3,806,836
Multi-National — 0.0%
Corp. Andina de Fomento (Supranational Bank),
Sr. Unsec’d. Notes
4.500%   03/07/28   EUR 1,000   1,110,722
5.000%   01/24/29     360   358,988
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Multi-National (cont’d.)
European Bank for Reconstruction & Development (Supranational Bank),
Sr. Unsec’d. Notes, EMTN
4.250%   02/07/28   IDR 20,000,000   $1,181,899
European Investment Bank (Supranational Bank),
Sr. Unsec’d. Notes, 144A, MTN
3.813%(s)   05/28/37   CAD 2,100   871,038
              3,522,647
Office/Business Equipment — 0.0%
CDW LLC/CDW Finance Corp.,
Gtd. Notes
2.670%   12/01/26     1,085   1,009,858
Oil & Gas — 0.2%
Ascent Resources Utica Holdings LLC/ARU Finance Corp.,
Gtd. Notes, 144A
7.000%   11/01/26     800   801,984
9.000%   11/01/27     161   203,004
BP Capital Markets PLC (United Kingdom),
Gtd. Notes
4.375%(ff)   06/22/25(oo)     359   351,820
Canadian Natural Resources Ltd. (Canada),
Sr. Unsec’d. Notes
6.450%   06/30/33     735   789,967
Cenovus Energy, Inc. (Canada),
Sr. Unsec’d. Notes
2.650%   01/15/32(a)     140   115,732
3.750%   02/15/52     105   75,961
Chesapeake Energy Corp.,
Gtd. Notes, 144A
5.875%   02/01/29(a)     2,200   2,180,522
Civitas Resources, Inc.,
Gtd. Notes, 144A
8.375%   07/01/28     450   473,372
8.625%   11/01/30(a)     225   241,546
Crescent Energy Finance LLC,
Gtd. Notes, 144A
7.250%   05/01/26     862   878,870
Sr. Unsec’d. Notes, 144A
7.625%   04/01/32     645   650,354
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A
5.750%   01/30/28     2,450   2,468,844
Gazprom PJSC Via Gaz Capital SA (Russia),
Sr. Unsec’d. Notes
4.250%   04/06/24   GBP 1,100   1,278,962
Hilcorp Energy I LP/Hilcorp Finance Co.,
Sr. Unsec’d. Notes, 144A
5.750%   02/01/29(a)     425   414,517
6.000%   02/01/31     425   414,191
Marathon Petroleum Corp.,
Sr. Unsec’d. Notes
6.500%   03/01/41     1,350   1,470,251
MEG Energy Corp. (Canada),
Gtd. Notes, 144A
7.125%   02/01/27     221   224,039
 
A36

AST PRUDENTIAL GROWTH 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.)
Occidental Petroleum Corp.,
Sr. Unsec’d. Notes
6.950%   07/01/24     1,077   $1,078,845
7.500%   05/01/31     2,450   2,727,825
Permian Resources Operating LLC,
Gtd. Notes, 144A
8.000%   04/15/27     1,150   1,184,968
Petrobras Global Finance BV (Brazil),
Gtd. Notes
5.375%   10/01/29   GBP 1,000   1,185,134
6.625%   01/16/34   GBP 2,000   2,433,980
Gtd. Notes, EMTN
6.250%   12/14/26   GBP 200   252,687
Petroleos Mexicanos (Mexico),
Gtd. Notes, EMTN
2.750%   04/21/27   EUR 800   737,933
4.875%   02/21/28   EUR 3,500   3,322,858
Petronas Capital Ltd. (Malaysia),
Gtd. Notes, EMTN
2.480%   01/28/32     1,000   835,440
Phillips 66 Co.,
Gtd. Notes
3.605%   02/15/25     265   260,514
Southwestern Energy Co.,
Gtd. Notes
5.375%   02/01/29     1,775   1,725,048
              28,779,168
Packaging & Containers — 0.0%
Ball Corp.,
Gtd. Notes
6.000%   06/15/29(a)     1,525   1,539,142
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A
4.375%   10/15/28(a)     1,725   1,610,409
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A
4.000%   10/15/27(a)     475   443,730
              3,593,281
Pharmaceuticals — 0.0%
AdaptHealth LLC,
Gtd. Notes, 144A
6.125%   08/01/28(a)     800   751,169
Bausch Health Americas, Inc.,
Gtd. Notes, 144A
8.500%   01/31/27     500   296,166
Bausch Health Cos., Inc.,
Gtd. Notes, 144A
5.000%   02/15/29     75   31,500
5.250%   01/30/30     625   256,250
5.250%   02/15/31     800   328,000
6.250%   02/15/29     2,965   1,267,538
Cigna Group (The),
Gtd. Notes
3.400%   03/01/27     10   9,582
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Pharmaceuticals (cont’d.)
Organon & Co./Organon Foreign Debt Co-Issuer BV,
Sr. Sec’d. Notes, 144A
4.125%   04/30/28     375   $349,341
Sr. Unsec’d. Notes, 144A
5.125%   04/30/31(a)     675   597,789
Utah Acquisition Sub, Inc.,
Gtd. Notes
5.250%   06/15/46     820   680,615
              4,567,950
Pipelines — 0.1%
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A
5.750%   01/15/28     2,500   2,460,531
6.625%   02/01/32     590   592,522
Columbia Pipelines Operating Co. LLC,
Sr. Unsec’d. Notes, 144A
6.036%   11/15/33     545   564,933
Energy Transfer LP,
Jr. Sub. Notes, Series G
7.125%(ff)   05/15/30(oo)     4,770   4,673,481
Sr. Unsec’d. Notes
4.950%   06/15/28     800   793,036
5.000%   05/15/50     225   197,295
6.050%   12/01/26     1,750   1,786,271
6.250%   04/15/49     145   148,892
6.550%   12/01/33     330   353,633
EQM Midstream Partners LP,
Sr. Unsec’d. Notes, 144A
6.500%   07/01/27     950   959,169
Florida Gas Transmission Co. LLC,
Sr. Unsec’d. Notes, 144A
2.550%   07/01/30     730   624,393
MPLX LP,
Sr. Unsec’d. Notes
5.200%   03/01/47     60   54,932
ONEOK Partners LP,
Gtd. Notes
6.850%   10/15/37     745   810,968
ONEOK, Inc.,
Gtd. Notes
5.650%   11/01/28     400   409,273
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.,
Gtd. Notes, 144A
6.000%   12/31/30     3,050   2,896,210
Venture Global Calcasieu Pass LLC,
Sr. Sec’d. Notes, 144A
3.875%   08/15/29     215   193,556
4.125%   08/15/31     165   146,940
Western Midstream Operating LP,
Sr. Unsec’d. Notes
5.300%   03/01/48     395   344,249
Williams Cos., Inc. (The),
Sr. Unsec’d. Notes
4.000%   09/15/25     405   397,309
 
A37

AST PRUDENTIAL GROWTH 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.)
5.400%   03/04/44     535   $507,874
              18,915,467
Real Estate — 0.0%
Blackstone Property Partners Europe Holdings Sarl (Luxembourg),
Sr. Unsec’d. Notes, EMTN
1.000%   05/04/28   EUR 1,400   1,302,228
1.625%   04/20/30   EUR 400   357,767
Howard Hughes Corp. (The),
Gtd. Notes, 144A
4.125%   02/01/29(a)     3,500   3,146,469
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada),
Sr. Unsec’d. Notes, 144A
2.500%   10/15/31     255   205,143
              5,011,607
Real Estate Investment Trusts (REITs) — 0.1%
Brixmor Operating Partnership LP,
Sr. Unsec’d. Notes
2.500%   08/16/31     270   221,569
4.050%   07/01/30     575   534,219
Diversified Healthcare Trust,
Gtd. Notes
4.375%   03/01/31(a)     1,245   929,067
GLP Capital LP/GLP Financing II, Inc.,
Gtd. Notes
5.375%   04/15/26     85   84,300
Healthpeak OP LLC,
Gtd. Notes
2.875%   01/15/31     555   476,932
Kimco Realty OP LLC,
Gtd. Notes
2.250%   12/01/31     590   476,632
Realty Income Corp.,
Sr. Unsec’d. Notes
4.875%   07/06/30   EUR 800   913,051
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A
6.500%   04/01/32     1,270   1,273,638
SBA Communications Corp.,
Sr. Unsec’d. Notes
3.125%   02/01/29     2,225   1,971,984
VICI Properties LP,
Sr. Unsec’d. Notes
4.950%   02/15/30     1,410   1,364,299
VICI Properties LP/VICI Note Co., Inc.,
Gtd. Notes, 144A
4.500%   09/01/26     1,925   1,864,591
Welltower OP LLC,
Gtd. Notes
2.050%   01/15/29     1,400   1,220,785
              11,331,067
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Retail — 0.1%
1011778 BC ULC/New Red Finance, Inc. (Canada),
Sr. Sec’d. Notes, 144A
3.875%   01/15/28     1,025   $963,500
AutoNation, Inc.,
Sr. Unsec’d. Notes
4.750%   06/01/30     845   812,165
eG Global Finance PLC (United Kingdom),
Sr. Sec’d. Notes, 144A
11.000%   11/30/28   EUR 400   455,819
12.000%   11/30/28     300   318,375
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.,
Sr. Sec’d. Notes, 144A
4.625%   01/15/29(a)     2,525   2,317,690
Gap, Inc. (The),
Gtd. Notes, 144A
3.625%   10/01/29     1,350   1,182,642
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes
6.750%   03/01/32(a)     595   590,400
              6,640,591
Semiconductors — 0.0%
Broadcom, Inc.,
Sr. Unsec’d. Notes, 144A
3.187%   11/15/36     760   604,148
Telecommunications — 0.1%
Altice France SA (France),
Sr. Sec’d. Notes, 144A
8.125%   02/01/27     3,000   2,340,000
AT&T, Inc.,
Sr. Unsec’d. Notes
3.950%   04/30/31   EUR 1,450   1,610,548
HKT Capital No. 3 Ltd. (Hong Kong),
Gtd. Notes
1.650%   04/10/27   EUR 2,000   1,947,497
Iliad Holding SASU (France),
Sr. Sec’d. Notes, 144A
6.500%   10/15/26     500   493,550
7.000%   10/15/28(a)     475   468,706
Level 3 Financing, Inc.,
Sec’d. Notes, 144A
4.500%   04/01/30     25   15,709
4.875%   06/15/29     50   33,375
Sr. Sec’d. Notes, 144A
10.500%   04/15/29     1,795   1,849,769
10.500%   05/15/30     250   258,073
11.000%   11/15/29     635   661,060
Singapore Telecommunications Ltd. (Singapore),
Sr. Unsec’d. Notes, 144A
7.375%   12/01/31     200   231,375
T-Mobile USA, Inc.,
Gtd. Notes
2.550%   02/15/31     2,170   1,847,855
2.625%   02/15/29     2,800   2,507,944
 
A38

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Corporate Bonds (continued)
Telecommunications (cont’d.)
Verizon Communications, Inc.,
Sr. Unsec’d. Notes, Series MPLE
4.050%   03/22/51   CAD 465   $284,607
Vmed O2 UK Financing I PLC (United Kingdom),
Sr. Sec’d. Notes
4.000%   01/31/29   GBP 1,000   1,101,226
              15,651,294
Toys/Games/Hobbies — 0.0%
Mattel, Inc.,
Gtd. Notes, 144A
3.375%   04/01/26     1,000   956,075
Transportation — 0.1%
Ferrovie dello Stato Italiane SpA (Italy),
Sr. Unsec’d. Notes, EMTN
3.750%   04/14/27   EUR 1,300   1,408,636
GN Bondco LLC,
Sr. Sec’d. Notes, 144A
9.500%   10/15/31     2,700   2,696,649
La Poste SA (France),
Sr. Unsec’d. Notes, EMTN
0.000%   07/18/29   EUR 1,000   906,773
1.000%   09/17/34   EUR 100   85,769
Regie Autonome des Transports Parisiens EPIC (France),
Sr. Unsec’d. Notes, EMTN
0.400%   12/19/36   EUR 503   444,608
SNCF Reseau (France),
Sr. Unsec’d. Notes, Series MPLE
4.700%   06/01/35   CAD 2,000   1,514,776
XPO, Inc.,
Gtd. Notes, 144A
7.125%   06/01/31     200   205,322
7.125%   02/01/32(a)     455   468,319
              7,730,852
Trucking & Leasing — 0.0%
DAE Funding LLC (United Arab Emirates),
Gtd. Notes, MTN
1.550%   08/01/24     1,200   1,182,375
 
Total Corporate Bonds

(cost $437,141,063)

  407,868,406
Floating Rate and Other Loans — 0.1%
Media — 0.0%
Diamond Sports Group LLC,
Dip Term Loan
10.000%   12/02/24     509   829,733
First Lien Term Loan, 1 Month SOFR + 10.100%
15.426%(c)   05/25/26     50   47,320
Second Lien Term Loan
10.000%   08/24/26     3,743   99,187
              976,240
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Floating Rate and Other Loans (continued)
Retail — 0.1%
EG Finco Ltd. (United Kingdom),
Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000%
10.902%(c)   04/30/27   EUR 5,200   $5,123,817
Term B Loan Tranche C, 3 Month EURIBOR + 5.500%
9.402%(c)   02/07/28   EUR 2,551   2,733,312
              7,857,129
Telecommunications — 0.0%
Level 3 Financing, Inc.,
Term Loan, 1 Month SOFR + 6.560%
11.875%(p)   04/16/29^     45   44,387
11.875%(p)   04/15/30^     45   44,713
Lumen Technologies, Inc.,
Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000%
10.902%(c)   06/01/28   EUR 40   37,105
Term B-1 Loan, 1 Month SOFR + 2.464%
7.793%(c)   04/15/29     13   9,293
Term B-2 Loan, 1 Month SOFR + 2.464%
7.793%(c)   04/15/30^     13   9,485
              144,983
 
Total Floating Rate and Other Loans

(cost $10,777,388)

  8,978,352
Municipal Bond — 0.0%
Puerto Rico
Commonwealth of Puerto Rico,
General Obligation, Sub-Series C
—%(p)   11/01/43     1,154   666,210
(cost $670,771)        
Residential Mortgage-Backed Securities — 0.1%
Bellemeade Re Ltd.,
Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%)
6.720%(c)   09/25/31     150   150,352
Connecticut Avenue Securities Trust,
Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%)
8.420%(c)   10/25/41     400   411,487
Series 2021-R01, Class 1M2, 144A, 30 Day Average SOFR + 1.550% (Cap N/A, Floor 0.000%)
6.870%(c)   10/25/41     150   150,647
Series 2022-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%)
8.470%(c)   12/25/41     500   513,673
Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%)
11.570%(c)   03/25/42     220   245,550
Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%)
10.570%(c)   03/25/42     180   195,848
Series 2023-R06, Class 1M2, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 0.000%)
8.020%(c)   07/25/43     100   103,486
 
A39

AST PRUDENTIAL GROWTH 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 2023-R08, Class 1M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%)
7.820%(c)   10/25/43     390   $399,942
Eagle Re Ltd.,
Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%)
7.320%(c)   09/26/33     400   401,569
Fannie Mae Connecticut Avenue Securities,
Series 2021-R02, Class 2B1, 144A, 30 Day Average SOFR + 3.300% (Cap N/A, Floor 0.000%)
8.620%(c)   11/25/41     90   92,809
Series 2021-R02, Class 2M2, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 0.000%)
7.320%(c)   11/25/41     90   90,511
Fannie Mae REMIC,
Series 2023-54, Class PO
1.849%(s)   11/25/53     1,416   1,134,213
FHLMC Structured Agency Credit Risk REMIC Trust,
Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%)
9.320%(c)   11/25/50     2,075   2,331,233
Series 2021-DNA01, Class B1, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 0.000%)
7.970%(c)   01/25/51     90   95,285
Series 2021-DNA03, Class B1, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%)
8.820%(c)   10/25/33     100   109,982
Series 2021-DNA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%)
7.420%(c)   10/25/33     150   152,621
Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%)
8.370%(c)   01/25/34     370   391,271
Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%)
6.970%(c)   01/25/34     181   181,663
Series 2021-DNA07, Class M2, 144A, 30 Day Average SOFR + 1.800% (Cap N/A, Floor 0.000%)
7.120%(c)   11/25/41     250   251,421
Series 2021-HQA01, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%)
8.320%(c)   08/25/33     250   265,834
Series 2021-HQA02, Class B1, 144A, 30 Day Average SOFR + 3.150% (Cap N/A, Floor 0.000%)
8.470%(c)   12/25/33     300   322,946
Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%)
7.420%(c)   09/25/41     830   832,322
Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%)
7.670%(c)   12/25/41     700   703,927
Series 2022-DNA02, Class M1B, 144A, 30 Day Average SOFR + 2.400% (Cap N/A, Floor 0.000%)
7.720%(c)   02/25/42     300   305,425
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Residential Mortgage-Backed Securities
(continued)
Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%)
8.220%(c)   04/25/42     580   $599,607
Series 2022-DNA04, Class M1B, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%)
8.670%(c)   05/25/42     200   208,929
Freddie Mac REMIC,
Series 5323, Class AO
1.964%(s)   07/25/53     4,950   3,778,981
GCAT Asset-Backed Notes,
Series 2021-01, Class A1, 144A
2.487%   11/25/49     1,443   1,388,795
Home Re Ltd.,
Series 2021-02, Class M1C, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%)
8.120%(c)   01/25/34     640   647,317
Impac Secured Assets Trust,
Series 2006-01, Class 2A2, 1 Month SOFR + 0.934% (Cap 11.500%, Floor 0.820%)
6.264%(c)   05/25/36     55   48,545
MFA Trust,
Series 2021-RPL01, Class A1, 144A
1.131%(cc)   07/25/60     1,388   1,221,683
Oaktown Re VII Ltd.,
Series 2021-02, Class M1A, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 1.600%)
6.920%(c)   04/25/34     1,587   1,587,302
Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%)
8.220%(c)   04/25/34     800   813,622
 
Total Residential Mortgage-Backed Securities

(cost $19,305,734)

  20,128,798
Sovereign Bonds — 0.9%
Andorra International Bond (Andorra),
Sr. Unsec’d. Notes, EMTN
1.250%   02/23/27   EUR 500   501,884
1.250%   05/06/31   EUR 1,000   916,915
1.700%   10/13/41   EUR 1,000   724,213
Autonomous Community of Catalonia (Spain),
Sr. Unsec’d. Notes
4.220%   04/26/35   EUR 500   546,076
4.690%   10/28/34   EUR 350   395,805
Sr. Unsec’d. Notes, EMTN
6.350%   11/30/41   EUR 300   394,383
Brazil Minas SPE via State of Minas Gerais (Brazil),
Gov’t. Gtd. Notes
5.333%   02/15/28     7,736   7,619,566
Bulgaria Government International Bond (Bulgaria),
Sr. Unsec’d. Notes
4.125%   09/23/29   EUR 3,000   3,356,909
4.625%   09/23/34   EUR 1,100   1,276,111
Sr. Unsec’d. Notes, 144A
4.500%   01/27/33   EUR 430   493,479
 
A40

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Sovereign Bonds(continued)
Caisse Francaise de Financement Local (France),
Covered Bonds, EMTN
4.680%   03/09/29   CAD 2,400   $1,772,360
City of Quebec (Canada),
Unsec’d. Notes
2.100%   07/06/31   CAD 1,000   627,426
Colombia Government International Bond (Colombia),
Sr. Unsec’d. Notes
9.850%   06/28/27   COP 1,000,000   251,096
Sr. Unsec’d. Notes, EMTN
3.875%   03/22/26   EUR 4,700   5,000,316
Croatia Government International Bond (Croatia),
Sr. Unsec’d. Notes
1.125%   03/04/33   EUR 300   270,353
1.500%   06/17/31   EUR 6,100   5,881,755
Cyprus Government International Bond (Cyprus),
Sr. Unsec’d. Notes, EMTN
1.250%   01/21/40   EUR 5,500   4,271,831
Estonia Government International Bond (Estonia),
Sr. Unsec’d. Notes
4.000%   10/12/32   EUR 705   803,806
Hellenic Republic Government Bond (Greece),
Sr. Unsec’d. Notes, 144A
1.875%   02/04/35   EUR 8,300   7,621,795
Hellenic Republic Government International Bond (Greece),
Sr. Unsec’d. Notes
5.200%   07/17/34   EUR 1,135   1,338,141
Hong Kong Government International Bond (Hong Kong),
Sr. Unsec’d. Notes, GMTN
1.000%   11/24/41   EUR 100   70,665
3.300%   06/07/33   CNH 3,000   426,319
Hungary Government International Bond (Hungary),
Sr. Unsec’d. Notes
1.625%   04/28/32   EUR 4,000   3,534,582
Iceland Government International Bond (Iceland),
Sr. Unsec’d. Notes
0.000%   04/15/28   EUR 3,908   3,702,780
0.625%   06/03/26   EUR 675   685,269
Indonesia Government International Bond (Indonesia),
Sr. Unsec’d. Notes
0.900%   02/14/27   EUR 2,500   2,489,783
1.100%   03/12/33   EUR 2,000   1,711,326
1.300%   03/23/34   EUR 2,000   1,691,772
Isle of Man Government International Bond (United Kingdom),
Unsec’d. Notes
5.375%   08/14/34   GBP 400   533,309
Israel Government International Bond (Israel),
Sr. Unsec’d. Notes, EMTN
0.625%   01/18/32   EUR 1,800   1,492,237
6.875%   10/21/34   GBP 500   710,231
Italy Buoni Poliennali Del Tesoro (Italy),
Sr. Unsec’d. Notes, Series 21YR, 144A
1.800%   03/01/41   EUR 1,000   790,700
Sr. Unsec’d. Notes, Series 31Y, 144A
1.700%   09/01/51   EUR 360   242,452
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Sovereign Bonds(continued)
Japan Bank for International Cooperation (Japan),
Gov’t. Gtd. Notes
3.125%   02/15/28   EUR 760   $822,771
Kazakhstan Government International Bond (Kazakhstan),
Sr. Unsec’d. Notes, EMTN
1.500%   09/30/34   EUR 1,293   1,141,246
Latvia Government International Bond (Latvia),
Sr. Unsec’d. Notes, GMTN
0.000%   01/24/29   EUR 400   373,377
0.000%   03/17/31   EUR 1,077   919,568
0.375%   10/07/26   EUR 1,239   1,247,417
3.500%   01/17/28   EUR 3,000   3,272,994
Lithuania Government International Bond (Lithuania),
Sr. Unsec’d. Notes, EMTN
2.125%   06/01/32   EUR 1,200   1,177,295
2.125%   10/22/35   EUR 300   282,389
4.125%   04/25/28   EUR 195   216,884
Malta Government Bond (Malta),
Bonds
1.200%   05/13/37   EUR 1,000   764,160
Metropolitano de Lisboa EPE (Portugal),
Gov’t. Gtd. Notes
4.061%   12/04/26   EUR 1,000   1,103,827
Mexico Government International Bond (Mexico),
Sr. Unsec’d. Notes
1.125%   01/17/30   EUR 2,000   1,853,599
Sr. Unsec’d. Notes, Series 26
0.850%   04/18/25   JPY 500,000   3,298,652
Panama Government International Bond (Panama),
Sr. Unsec’d. Notes
8.125%   04/28/34     600   625,818
Peruvian Government International Bond (Peru),
Sr. Unsec’d. Notes
1.250%   03/11/33   EUR 3,500   2,996,000
Philippine Government International Bond (Philippines),
Sr. Unsec’d. Notes
0.700%   02/03/29   EUR 2,000   1,881,406
1.200%   04/28/33   EUR 3,347   2,896,628
Portugal Obrigacoes do Tesouro OT (Portugal),
Sr. Unsec’d. Notes, 144A
1.150%   04/11/42   EUR 2,100   1,603,196
Province of Nova Scotia (Canada),
Unsec’d. Notes
3.150%   12/01/51   CAD 500   295,323
Province of Saskatchewan (Canada),
Unsec’d. Notes
3.300%   06/02/48   CAD 500   307,846
Regiao Autonoma Madeira (Portugal),
Gov’t. Gtd. Notes
0.943%   05/29/32   EUR 1,000   911,279
Region of Lazio (Italy),
Sr. Unsec’d. Notes
3.088%   03/31/43   EUR 1,144   1,119,319
Republic of Austria Government International Bond (Austria),
Sr. Unsec’d. Notes, 144A, MTN
5.375%   12/01/34   CAD 3,100   2,520,691
 
A41

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
Sovereign Bonds(continued)
Republic of Italy Government International Bond (Italy),
Sr. Unsec’d. Notes
2.875%   10/17/29     200   $176,323
4.000%   10/17/49     1,000   715,413
Sr. Unsec’d. Notes, EMTN
4.425%   03/28/36   EUR 300   329,849
5.200%   07/31/34   EUR 1,200   1,417,722
5.250%   12/07/34   GBP 777   950,927
5.345%   01/27/48   EUR 1,000   1,181,643
6.000%   08/04/28   GBP 12,470   16,188,517
Sr. Unsec’d. Notes, MTN
5.375%   06/15/33     2,000   1,970,615
Republic of Italy Government International Bond Principal Strips (Italy),
Sr. Unsec’d. Notes, Series 1
0.942%(s)   02/20/31   EUR 2,760   2,031,898
Romanian Government International Bond (Romania),
Sr. Unsec’d. Notes, EMTN
1.750%   07/13/30   EUR 5,000   4,426,656
Saudi Government International Bond (Saudi Arabia),
Sr. Unsec’d. Notes
2.000%   07/09/39   EUR 3,100   2,562,673
Sr. Unsec’d. Notes, EMTN
0.625%   03/03/30   EUR 100   91,635
Slovakia Government Bond (Slovakia),
Bonds, Series 245
3.750%   02/23/35   EUR 1,000   1,089,504
Unsec’d. Notes, Series 232
1.875%   03/09/37   EUR 633   555,226
Unsec’d. Notes, Series 233
2.000%   10/17/47   EUR 210   162,186
Slovenia Government Bond (Slovenia),
Sr. Unsec’d. Notes, Series RS77
2.250%   03/03/32   EUR 100   102,774
Sr. Unsec’d. Notes, Series RS91
3.625%   03/11/33   EUR 1,300   1,470,176
Unsec’d. Notes, Series RS86
0.000%   02/12/31   EUR 100   88,722
Slovenia Government International Bond (Slovenia),
Bonds, 144A
5.000%   09/19/33     2,200   2,209,438
Spain Government Bond (Spain),
Sr. Unsec’d. Notes, 144A
0.850%   07/30/37   EUR 2,700   2,130,403
1.200%   10/31/40   EUR 3,000   2,299,787
2.350%   07/30/33   EUR 3,375   3,431,504
Spain Government International Bond (Spain),
Sr. Unsec’d. Notes, EMTN
5.250%   04/06/29   GBP 625   811,050
 
Total Sovereign Bonds

(cost $166,264,401)

  140,171,971
U.S. Government Agency Obligations — 0.0%
Federal Home Loan Mortgage Corp.
6.750%   03/15/31     1,000   1,145,168
Federal Home Loan Mortgage Corp., MTN
2.916%(s)   12/14/29     1,150   892,558
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
  Value
 
U.S. Government Agency Obligations(continued)
Federal National Mortgage Assoc.
6.625%   11/15/30     1,475   $1,667,305
1.022%(s)   11/15/30     245   181,717
Tennessee Valley Authority Generic Strips
2.775%(s)   09/15/30     1,720   1,257,506
2.897%(s)   03/15/33     461   299,474
U.S. International Development Finance Corp., U.S. Gov’t. Gtd. Notes
3.250%   10/15/30     1,125   1,071,559
 
Total U.S. Government Agency Obligations

(cost $7,131,971)

  6,515,287
U.S. Treasury Obligations — 1.8%
U.S. Treasury Bonds
1.750%   08/15/41     38,680   26,109,000
2.000%   11/15/41     1,230   862,922
2.250%   05/15/41(k)     28,000   20,693,750
2.375%   02/15/42     23,100   17,187,844
2.875%   05/15/49     6,805   5,177,116
3.000%   02/15/49(h)     40,390   31,491,578
4.000%   11/15/42     7,675   7,232,488
4.125%   08/15/53     2,490   2,395,069
4.750%   11/15/43     6,910   7,172,364
U.S. Treasury Notes
0.375%   07/31/27     22,000   19,294,687
2.375%   03/31/29     1,595   1,462,042
2.875%   08/15/28(k)     5,000   4,721,875
3.250%   06/30/29     730   696,352
3.500%   01/31/30     5,375   5,173,018
3.750%   12/31/28     5,010   4,904,712
3.875%   04/30/25     6,200   6,126,375
3.875%   11/30/27(k)     5,180   5,097,444
3.875%   11/30/29(k)     1,965   1,929,998
3.875%   12/31/29     5,645   5,543,566
4.125%   01/31/25     36,100   35,803,867
4.125%   11/15/32(k)     1,500   1,490,391
4.250%   12/31/25     8,030   7,964,756
4.250%   02/28/29     810   811,329
4.375%   12/15/26     2,030   2,025,401
4.375%   11/30/30     4,650   4,689,234
4.500%   11/15/33     13,960   14,276,281
4.625%   09/30/30     7,150   7,308,641
U.S. Treasury Strips Coupon
0.479%(s)   05/15/26     5,000   4,539,062
1.279%(s)   11/15/41(k)     21,500   9,502,832
1.458%(s)   08/15/40(k)     24,145   11,398,138
1.851%(s)   11/15/40(k)     5,490   2,557,782
4.652%(s)   05/15/49     7,500   2,394,434
5.174%(s)   02/15/40(k)     1,000   486,758
U.S. Treasury Strips Principal
1.333%(s)   02/15/49(k)     295   98,641
 
Total U.S. Treasury Obligations

(cost $302,585,572)

  278,619,747
 
Total Long-Term Investments

(cost $10,518,390,922)

  12,164,194,437
    
 
A42

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Short-Term Investments — 21.5%
Affiliated Mutual Funds — 20.0%
PGIM Core Ultra Short Bond Fund(wa)

2,625,856,367   $2,625,856,367
PGIM Institutional Money Market Fund (7-day effective yield 5.664%)

(cost $384,100,612; includes $381,719,194 of cash collateral for securities on loan)(b)(wa)

384,249,401   384,057,276
 
Total Affiliated Mutual Funds

(cost $3,009,956,979)

  3,009,913,643
    
Interest
Rate
  Maturity
Date
  Principal
Amount
(000)#
 
U.S. Treasury Obligations(k)(n) — 1.3%
U.S. Treasury Bills
5.291%   05/02/24     30,500 30,361,340
5.275%   06/20/24     172,600 170,599,183
 
Total U.S. Treasury Obligations

(cost $200,968,354)

  200,960,523
    
         
Options Purchased*~ — 0.2%
(cost $21,101,813)

34,191,725
 
Total Short-Term Investments

(cost $3,232,027,146)

3,245,065,891
 
TOTAL INVESTMENTS, BEFORE OPTION WRITTEN—102.2%

(cost $13,750,418,068)

15,409,260,328
    
           
Option Written*~ — (0.0)%  
(premiums received $0)

(20)
 
TOTAL INVESTMENTS, NET OF OPTION WRITTEN—102.2%

(cost $13,750,418,068)

15,409,260,308
 
Liabilities in excess of other assets(z) — (2.2)%

(334,799,266)
 
Net Assets — 100.0%

$15,074,461,042
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CHF Swiss Franc
CLP Chilean Peso
CNH Chinese Renminbi
COP Colombian Peso
CZK Czech Koruna
DKK Danish Krone
EUR Euro
GBP British Pound
HUF Hungarian Forint
IDR Indonesian Rupiah
ILS Israeli Shekel
INR Indian Rupee
JPY Japanese Yen
KRW South Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PEN Peruvian Nuevo Sol
PHP Philippine Peso
PLN Polish Zloty
SEK Swedish Krona
SGD Singapore Dollar
THB Thai Baht
TWD New Taiwanese Dollar
USD US 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.
A Annual payment frequency for swaps
ABS Asset-Backed Security
ADR American Depositary Receipt
BARC Barclays Bank PLC
BBR New Zealand Bank Bill Rate
BBSW Australian Bank Bill Swap Reference Rate
BNP BNP Paribas S.A.
BNYM Bank of New York Mellon
BOA Bank of America, N.A.
BUBOR Budapest Interbank Offered Rate
CDI Chess Depository Interest
CDOR Canadian Dollar Offered Rate
CDX Credit Derivative Index
CIBOR Copenhagen Interbank Offered Rate
CITI Citibank, N.A.
CLO Collateralized Loan Obligation
CLOIS Sinacofi Chile Interbank Rate Average
CME Chicago Mercantile Exchange
CORRA Canadian Overnight Repo Rate Average
CVA Certificate Van Aandelen (Bearer)
DAC Designated Activity Company
DB Deutsche Bank AG
DIP Debtor-In-Possession
EAFE Europe, Australasia, Far East
EMTN Euro Medium Term Note
ETF Exchange-Traded Fund
EURIBOR Euro Interbank Offered Rate
EuroSTR Euro Short-Term Rate
GDR Global Depositary Receipt
GMTN Global Medium Term Note
GSI Goldman Sachs International
HICP Harmonised Index of Consumer Prices
HSBC HSBC Bank PLC
IO Interest Only (Principal amount represents notional)
JPM JPMorgan Chase Bank N.A.
KLIBOR Kuala Lumpur Interbank Offered Rate
KWCDC Korean Won Certificate of Deposit
LIBOR London Interbank Offered Rate
LP Limited Partnership
M Monthly payment frequency for swaps
A43

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
MLP Master Limited Partnership
MOEX Moscow Exchange
MPLE Maple Bonds
MSCI Morgan Stanley Capital International
MSI Morgan Stanley & Co International PLC
MTN Medium Term Note
NIBOR Norwegian Interbank Offered Rate
OTC Over-the-counter
PJSC Public Joint-Stock Company
PO Principal Only
PRFC Preference Shares
PRIBOR Prague Interbank Offered Rate
Q Quarterly payment frequency for swaps
REITs Real Estate Investment Trust
REMIC Real Estate Mortgage Investment Conduit
S Semiannual payment frequency for swaps
S&P Standard & Poor’s
SARON Swiss Average Rate Overnight
SCB Standard Chartered Bank
SOFR Secured Overnight Financing Rate
SONIA Sterling Overnight Index Average
SORA Singapore Overnight Rate Average
SSB State Street Bank & Trust Company
STIBOR Stockholm Interbank Offered Rate
STRIPs Separate Trading of Registered Interest and Principal of Securities
T Swap payment upon termination
TAIBOR Taiwan Interbank Offered Rate
TD The Toronto-Dominion Bank
TELBOR Tel Aviv Interbank Offered Rate
THOR Thai Overnight Repurchase Rate
TONAR Tokyo Overnight Average Rate
UAG UBS AG
UBS UBS Securities LLC
USOIS United States Overnight Index Swap
UTS Unit Trust Security
WIBOR Warsaw Interbank Offered Rate
XAMS Amsterdam Stock Exchange
XLON London Stock Exchange
XNGS NASDAQ Global Select Exchange
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
~ See tables subsequent to the Schedule of Investments for options detail. Options with maturity dates greater than one year from date of acquisition would be considered long-term investments.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $2,520,310 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 $372,476,937; cash collateral of $381,719,194 (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.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $6,193,625. The aggregate value of $5,031,918 is 0.0% of net assets.
(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.
(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.
(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.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(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:
 
Options Purchased:
Exchange Traded  
Description Call/
Put
  Expiration
Date
  Strike Contracts   Notional
Amount
(000)#
  Value
S&P 500 Index (FLEX) Call   08/12/27     $4,460.00   130       13 $19,290,110  
S&P 500 Index (FLEX) Call   02/28/29     $4,510.00   88       9 14,901,615  
Total Options Purchased (cost $21,101,813)     $34,191,725  
A44

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Option Written:
OTC Swaptions
Description   Call/
Put
  Counterparty   Expiration
Date
  Strike   Receive   Pay   Notional
Amount
(000)#
Value
GS_21-PJA^   Put   GSI   06/17/24   0.25%   0.25%(M)   GS_21-PJA(M)     30,660   $(20)
(premiums received $0)                        
Futures contracts outstanding at March 31, 2024:
Number
of
Contracts
  Type   Expiration
Date
  Current
Notional
Amount
  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
216   3 Month CME SOFR   Sep. 2024   $51,227,100   $31,529
2,039   2 Year U.S. Treasury Notes   Jun. 2024   416,943,643   (567,174)
36   5 Year Euro-Bobl   Jun. 2024   4,592,664   20,168
3,643   5 Year U.S. Treasury Notes   Jun. 2024   389,857,940   467,907
3,565   10 Year U.S. Treasury Notes   Jun. 2024   394,990,877   1,376,664
375   10 Year U.S. Ultra Treasury Notes   Jun. 2024   42,978,518   250,173
736   20 Year U.S. Treasury Bonds   Jun. 2024   88,642,000   933,407
54   30 Year Euro Buxl   Jun. 2024   7,911,423   246,322
1,389   30 Year U.S. Ultra Treasury Bonds   Jun. 2024   179,181,000   1,925,660
4,624   Mini MSCI EAFE Index   Jun. 2024   544,961,520   7,008,102
42   Mini MSCI Emerging Markets Index   Jun. 2024   2,202,900   (546)
641   Russell 2000 E-Mini Index   Jun. 2024   68,776,095   1,188,371
4,621   S&P 500 E-Mini Index   Jun. 2024   1,226,528,925   27,072,400
                39,952,983
Short Positions:
55   5 Year Euro-Bobl   Jun. 2024   7,016,571   (44,845)
241   10 Year Euro-Bund   Jun. 2024   34,679,180   (364,482)
68   10 Year U.S. Treasury Notes   Jun. 2024   7,534,188   (25,669)
2   10 Year U.S. Ultra Treasury Notes   Jun. 2024   229,219   2,310
25   20 Year U.S. Treasury Bonds   Jun. 2024   3,010,938   (52,616)
160   British Pound Currency   Jun. 2024   12,627,000   47,376
1,168   Euro Currency   Jun. 2024   157,993,900   1,658,909
160   Euro Schatz Index   Jun. 2024   18,245,511   (12,214)
                1,208,769
                $41,161,752
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:
Australian Dollar,
Expiring 04/19/24   BARC   AUD 1,583   $1,060,558   $1,032,514   $  $(28,044)
Expiring 04/19/24   CITI   AUD 1,456   950,603   949,506     (1,097)
Brazilian Real,
Expiring 04/02/24   CITI   BRL 3,712   747,000   739,776     (7,224)
Expiring 04/02/24   CITI   BRL 3,684   739,000   734,114     (4,886)
Expiring 04/02/24   DB   BRL 22,992   4,643,430   4,581,868     (61,562)
Expiring 04/02/24   TD   BRL 6,093   1,214,000   1,214,223   223  
Expiring 05/03/24   CITI   BRL 28,141   5,628,438   5,591,505     (36,933)
British Pound,
Expiring 04/02/24   CITI   GBP 266   336,065   335,948     (117)
Expiring 04/02/24   MSI   GBP 9,587   12,082,178   12,100,242   18,064  
Expiring 04/02/24   MSI   GBP 1,725   2,189,382   2,177,170     (12,212)
A45

AST PRUDENTIAL GROWTH 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.):
British Pound (cont’d.),
Expiring 04/03/24   BNP   GBP 1,986   $2,510,618   $2,507,027   $  $(3,591)
Expiring 04/19/24   MSI   GBP 2,200   2,791,313   2,776,638     (14,675)
Canadian Dollar,
Expiring 04/19/24   BNP   CAD 985   733,036   727,509     (5,527)
Chilean Peso,
Expiring 06/21/24   MSI   CLP 1,507,783   1,592,000   1,535,662     (56,338)
Chinese Renminbi,
Expiring 04/24/24   CITI   CNH 19,547   2,695,000   2,693,934     (1,066)
Expiring 04/24/24   HSBC   CNH 18,748   2,623,000   2,583,799     (39,201)
Expiring 04/24/24   JPM   CNH 19,236   2,677,000   2,651,100     (25,900)
Expiring 04/24/24   MSI   CNH 19,104   2,639,000   2,632,872     (6,128)
Colombian Peso,
Expiring 06/20/24   BNP   COP 4,504,966   1,137,520   1,149,615   12,095  
Expiring 06/20/24   CITI   COP 7,756,737   1,947,559   1,979,430   31,871  
Euro,
Expiring 04/02/24   BNP   EUR 1,730   1,874,428   1,866,840     (7,588)
Expiring 04/02/24   SSB   EUR 19,353   20,938,019   20,883,056     (54,963)
Expiring 04/19/24   BARC   EUR 1,852   2,018,275   1,999,595     (18,680)
Expiring 04/19/24   CITI   EUR 688   746,000   742,671     (3,329)
Expiring 04/19/24   JPM   EUR 2,362   2,574,103   2,550,549     (23,554)
Expiring 04/19/24   MSI   EUR 197   214,893   212,479     (2,414)
Hungarian Forint,
Expiring 04/19/24   BOA   HUF 1,020,573   2,902,488   2,791,745     (110,743)
Indian Rupee,
Expiring 06/20/24   JPM   INR 371,325   4,469,573   4,441,597     (27,976)
Indonesian Rupiah,
Expiring 06/20/24   BOA   IDR 23,192,856   1,494,000   1,457,854     (36,146)
Expiring 06/20/24   MSI   IDR 165,526,000   10,659,017   10,404,615     (254,402)
Israeli Shekel,
Expiring 06/20/24   BNP   ILS 4,083   1,120,780   1,114,452     (6,328)
Japanese Yen,
Expiring 04/19/24   BOA   JPY 681,603   4,774,959   4,517,292     (257,667)
Expiring 04/19/24   BOA   JPY 287,944   2,017,189   1,908,337     (108,852)
Mexican Peso,
Expiring 06/20/24   BOA   MXN 163,724   9,672,664   9,720,114   47,450  
Expiring 06/20/24   BOA   MXN 32,725   1,934,000   1,942,873   8,873  
Expiring 06/20/24   BOA   MXN 20,056   1,184,862   1,190,674   5,812  
New Taiwanese Dollar,
Expiring 06/20/24   BOA   TWD 87,365   2,743,000   2,741,064     (1,936)
Expiring 06/20/24   BOA   TWD 82,040   2,573,000   2,574,009   1,009  
Expiring 06/20/24   HSBC   TWD 78,183   2,462,000   2,453,001     (8,999)
Expiring 06/20/24   MSI   TWD 102,285   3,230,000   3,209,205     (20,795)
Expiring 06/20/24   SCB   TWD 90,304   2,871,000   2,833,303     (37,697)
New Zealand Dollar,
Expiring 04/19/24   CITI   NZD 3,433   2,111,913   2,051,182     (60,731)
Expiring 04/19/24   CITI   NZD 2,327   1,431,496   1,390,331     (41,165)
Norwegian Krone,
Expiring 04/19/24   CITI   NOK 6,839   658,285   630,259     (28,026)
Peruvian Nuevo Sol,
Expiring 06/20/24   SCB   PEN 7,878   2,132,082   2,114,798     (17,284)
Philippine Peso,
Expiring 06/20/24   CITI   PHP 394,827   7,127,486   7,021,190     (106,296)
Expiring 06/20/24   MSI   PHP 463,493   8,374,987   8,242,267     (132,720)
Expiring 06/20/24   SCB   PHP 135,990   2,456,000   2,418,302     (37,698)
A46

AST PRUDENTIAL GROWTH 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.):
Polish Zloty,
Expiring 04/19/24   CITI   PLN 6,294   $1,598,000   $1,575,439   $  $(22,561)
Expiring 04/19/24   GSI   PLN 4,064   1,002,669   1,017,345   14,676  
Expiring 04/19/24   HSBC   PLN 10,712   2,655,656   2,681,450   25,794  
Expiring 04/19/24   JPM   PLN 2,360   583,331   590,832   7,501  
Singapore Dollar,
Expiring 06/20/24   BNP   SGD 983   734,000   730,603     (3,397)
South African Rand,
Expiring 06/20/24   BNP   ZAR 61,396   3,256,035   3,219,346     (36,689)
Expiring 06/20/24   GSI   ZAR 54,336   2,895,550   2,849,167     (46,383)
South Korean Won,
Expiring 06/20/24   BOA   KRW 1,959,807   1,481,000   1,458,555     (22,445)
Expiring 06/20/24   CITI   KRW 1,277,306   974,582   950,615     (23,967)
Swedish Krona,
Expiring 04/19/24   GSI   SEK 8,547   823,633   799,193     (24,440)
Swiss Franc,
Expiring 04/19/24   BNP   CHF 600   708,551   666,844     (41,707)
Thai Baht,
Expiring 06/20/24   HSBC   THB 12,639   356,235   348,791     (7,444)
Expiring 06/20/24   MSI   THB 53,793   1,485,000   1,484,457     (543)
              $176,257,441   $174,490,743   173,368   (1,940,066)
    
Sale
Contracts
  Counterparty   Notional
Amount
(000)
  Value at
Settlement
Date
  Current
Value
  Unrealized
Appreciation
  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Australian Dollar,
Expiring 04/19/24   MSI   AUD 1,456   $975,580   $949,506   $26,074   $
Brazilian Real,
Expiring 04/02/24   CITI   BRL 28,141   5,646,281   5,607,936   38,345  
Expiring 04/02/24   GSI   BRL 8,340   1,672,000   1,662,045   9,955  
Expiring 05/03/24   CITI   BRL 3,723   746,000   739,795   6,205  
British Pound,
Expiring 04/02/24   HSBC   GBP 11,312   14,345,269   14,277,414   67,855  
Expiring 04/19/24   BOA   GBP 1,162   1,478,975   1,466,578   12,397  
Expiring 04/19/24   HSBC   GBP 13,051   16,624,395   16,474,390   150,005  
Expiring 04/19/24   SSB   GBP 624   798,426   788,053   10,373  
Expiring 05/02/24   BNP   GBP 1,986   2,511,017   2,507,414   3,603  
Expiring 05/02/24   BNP   GBP 526   664,982   664,429   553  
Expiring 05/02/24   MSI   GBP 9,587   12,084,140   12,102,177     (18,037)
Canadian Dollar,
Expiring 04/19/24   BNP   CAD 8,342   6,207,545   6,160,729   46,816  
Chilean Peso,
Expiring 06/21/24   TD   CLP 3,307,141   3,486,706   3,368,289   118,417  
Chinese Renminbi,
Expiring 04/24/24   CITI   CNH 19,804   2,757,000   2,729,437   27,563  
Expiring 04/24/24   CITI   CNH 4,760   662,155   656,062   6,093  
Expiring 04/24/24   HSBC   CNH 37,052   5,159,000   5,106,571   52,429  
Expiring 04/24/24   HSBC   CNH 19,905   2,744,000   2,743,305   695  
Expiring 04/24/24   MSI   CNH 116,728   16,345,999   16,087,514   258,485  
Expiring 04/24/24   MSI   CNH 64,203   8,990,596   8,848,425   142,171  
Expiring 04/24/24   SCB   CNH 19,744   2,748,000   2,721,088   26,912  
Czech Koruna,
Expiring 04/19/24   BARC   CZK 37,144   1,595,000   1,583,430   11,570  
Expiring 04/19/24   BARC   CZK 19,278   838,839   821,808   17,031  
A47

AST PRUDENTIAL GROWTH 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.):
Czech Koruna (cont’d.),
Expiring 04/19/24   BARC   CZK 19,064   $830,161   $812,680   $17,481   $
Expiring 04/19/24   BNP   CZK 43,800   1,869,000   1,867,160   1,840  
Expiring 04/19/24   BOA   CZK 43,428   1,900,000   1,851,332   48,668  
Expiring 04/19/24   BOA   CZK 38,838   1,639,000   1,655,628     (16,628)
Expiring 04/19/24   GSI   CZK 44,971   1,922,000   1,917,107   4,893  
Expiring 04/19/24   GSI   CZK 24,265   1,023,168   1,034,423     (11,255)
Expiring 04/19/24   JPM   CZK 17,240   728,832   734,910     (6,078)
Expiring 04/19/24   MSI   CZK 45,126   1,920,000   1,923,679     (3,679)
Euro,
Expiring 04/02/24   BNP   EUR 2,048   2,226,622   2,210,437   16,185  
Expiring 04/02/24   BNYM   EUR 19,035   20,646,529   20,539,459   107,070  
Expiring 04/02/24   SSB   EUR 1,355   1,464,345   1,462,111   2,234  
Expiring 04/19/24   BARC   EUR 1,764   1,925,000   1,904,649   20,351  
Expiring 04/19/24   BARC   EUR 1,370   1,470,051   1,479,286     (9,235)
Expiring 04/19/24   BOA   EUR 9,759   10,655,479   10,537,200   118,279  
Expiring 04/19/24   CITI   EUR 682   745,000   736,589   8,411  
Expiring 04/19/24   CITI   EUR 681   740,617   735,323   5,294  
Expiring 04/19/24   CITI   EUR 678   737,000   732,120   4,880  
Expiring 04/19/24   CITI   EUR 671   740,000   724,688   15,312  
Expiring 04/19/24   HSBC   EUR 26,513   28,968,682   28,628,279   340,403  
Expiring 04/19/24   HSBC   EUR 3,142   3,407,458   3,392,639   14,819  
Expiring 04/19/24   JPM   EUR 11,783   12,775,350   12,722,766   52,584  
Expiring 04/19/24   JPM   EUR 75   82,299   80,983   1,316  
Expiring 04/19/24   SSB   EUR 15,789   17,350,883   17,048,533   302,350  
Expiring 04/19/24   TD   EUR 14,638   15,985,151   15,805,800   179,351  
Expiring 04/19/24   UAG   EUR 9,912   10,771,101   10,702,675   68,426  
Expiring 05/02/24   BNP   EUR 666   719,638   719,024   614  
Expiring 05/02/24   HSBC   EUR 1,495   1,625,834   1,615,470   10,364  
Expiring 05/02/24   SSB   EUR 19,353   20,963,256   20,907,483   55,773  
Hungarian Forint,
Expiring 04/19/24   BARC   HUF 665,090   1,815,000   1,819,334     (4,334)
Expiring 04/19/24   BARC   HUF 511,855   1,418,000   1,400,165   17,835  
Expiring 04/19/24   BOA   HUF 651,265   1,852,184   1,781,515   70,669  
Expiring 04/19/24   CITI   HUF 936,916   2,589,311   2,562,905   26,406  
Expiring 04/19/24   CITI   HUF 844,175   2,333,007   2,309,215   23,792  
Expiring 04/19/24   GSI   HUF 1,199,971   3,448,788   3,282,484   166,304  
Expiring 04/19/24   HSBC   HUF 605,089   1,668,777   1,655,201   13,576  
Expiring 04/19/24   UAG   HUF 486,349   1,355,000   1,330,392   24,608  
Indian Rupee,
Expiring 06/20/24   JPM   INR 222,626   2,678,000   2,662,936   15,064  
Expiring 06/20/24   JPM   INR 217,761   2,619,000   2,604,738   14,262  
Expiring 06/20/24   JPM   INR 211,883   2,536,000   2,534,429   1,571  
Indonesian Rupiah,
Expiring 06/20/24   BARC   IDR 18,513,702   1,185,332   1,163,732   21,600  
Expiring 06/20/24   CITI   IDR 19,398,488   1,225,000   1,219,348   5,652  
Japanese Yen,
Expiring 04/19/24   BOA   JPY 295,577   1,957,000   1,958,927     (1,927)
Mexican Peso,
Expiring 06/20/24   GSI   MXN 36,294   2,160,000   2,154,706   5,294  
New Taiwanese Dollar,
Expiring 06/20/24   GSI   TWD 405,661   12,999,446   12,727,609   271,837  
New Zealand Dollar,
Expiring 04/19/24   CITI   NZD 3,433   2,093,827   2,051,183   42,644  
Peruvian Nuevo Sol,
Expiring 06/20/24   BARC   PEN 5,242   1,385,078   1,407,181     (22,103)
A48

AST PRUDENTIAL GROWTH 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.):
Peruvian Nuevo Sol (cont’d.),
Expiring 06/20/24   CITI   PEN 9,059   $2,460,762   $2,431,665   $29,097   $
Philippine Peso,
Expiring 06/20/24   CITI   PHP 163,504   2,923,000   2,907,581   15,419  
Polish Zloty,
Expiring 04/19/24   CITI   PLN 9,646   2,401,198   2,414,585     (13,387)
Expiring 04/19/24   CITI   PLN 7,816   1,945,594   1,956,441     (10,847)
Expiring 04/19/24   CITI   PLN 2,443   603,930   611,386     (7,456)
Expiring 04/19/24   GSI   PLN 5,590   1,380,070   1,399,199     (19,129)
Singapore Dollar,
Expiring 06/20/24   MSI   SGD 5,605   4,209,452   4,167,120   42,332  
South Korean Won,
Expiring 06/20/24   CITI   KRW 4,647,567   3,546,083   3,458,876   87,207  
Expiring 06/20/24   HSBC   KRW 3,796,615   2,837,000   2,825,569   11,431  
Expiring 06/20/24   MSI   KRW 1,983,515   1,485,000   1,476,198   8,802  
Thai Baht,
Expiring 06/20/24   GSI   THB 102,152   2,840,000   2,818,976   21,024  
Expiring 06/20/24   JPM   THB 69,160   1,948,000   1,908,529   39,471  
Expiring 06/20/24   MSI   THB 203,813   5,742,418   5,624,398   118,020  
              $356,555,618   $353,175,351   3,524,362   (144,095)
                      $3,697,730   $(2,084,161)
Cross currency exchange contracts outstanding at March 31, 2024:
Settlement   Type   Notional
Amount
(000)
  In Exchange
For (000)
  Unrealized
Appreciation
  Unrealized
Depreciation
  Counterparty
OTC Cross Currency Exchange Contracts:
04/19/24   Buy   EUR 685   HUF 265,999   $12,011   $  TD
04/19/24   Buy   PLN 2,938   EUR 685     (4,208)   SSB
04/19/24   Buy   PLN 2,963   EUR 683   4,263     BOA
04/19/24   Buy   PLN 12,885   EUR 2,953   36,716     BOA
                    $52,990   $(4,208)    
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)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**:
Arab Republic of Egypt   12/20/28   1.000%(Q)     2,000   5.297%   $(323,365)   $(1,491)   $(321,874)   CITI
Dominican Republic   12/20/28   1.000%(Q)     2,000   1.479%   (39,510)   (1,491)   (38,019)   CITI
Emirate of Abu Dhabi   12/20/28   1.000%(Q)     2,000   0.338%   57,523   (1,491)   59,014   CITI
Federal Republic of Nigeria   12/20/28   1.000%(Q)     2,000   4.769%   (289,192)   (1,491)   (287,701)   CITI
Federation of Malaysia   12/20/28   1.000%(Q)     3,000   0.387%   79,638   (2,236)   81,874   CITI
Federative Republic of Brazil   12/20/28   1.000%(Q)     9,000   1.246%   (90,203)   (6,708)   (83,495)   CITI
Kingdom of Bahrain   12/20/28   1.000%(Q)     2,000   1.795%   (65,239)   (1,491)   (63,748)   CITI
Kingdom of Morocco   12/20/28   1.000%(Q)     2,000   0.886%   10,350   (1,491)   11,841   CITI
Kingdom of Saudi Arabia   12/20/28   1.000%(Q)     4,000   0.478%   90,653   (2,981)   93,634   CITI
A49

AST PRUDENTIAL GROWTH 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)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)**(cont’d.):
People’s Republic of China   12/20/28   1.000%(Q)     9,000   0.668%   $129,583   $(6,708)   $136,291   CITI
Republic of Argentina   12/20/28   1.000%(Q)     2,000   26.204%   (1,164,824)   (1,491)   (1,163,333)   CITI
Republic of Chile   12/20/28   1.000%(Q)     7,000   0.494%   153,874   (5,217)   159,091   CITI
Republic of Colombia   12/20/28   1.000%(Q)     6,000   1.555%   (137,602)   (4,472)   (133,130)   CITI
Republic of Indonesia   12/20/28   1.000%(Q)     9,000   0.670%   129,083   (6,708)   135,791   CITI
Republic of Panama   12/20/28   1.000%(Q)     2,000   1.670%   (55,309)   (1,491)   (53,818)   CITI
Republic of Peru   12/20/28   1.000%(Q)     3,000   0.601%   52,135   (2,236)   54,371   CITI
Republic of Philippines   12/20/28   1.000%(Q)     3,000   0.575%   55,374   (2,236)   57,610   CITI
Republic of South Africa   12/20/28   1.000%(Q)     9,000   2.407%   (516,085)   (6,708)   (509,377)   CITI
Republic of Turkey   12/20/28   1.000%(Q)     9,000   2.850%   (671,255)   (6,708)   (664,547)   CITI
State of Qatar   12/20/28   1.000%(Q)     2,000   0.347%   56,761   (1,491)   58,252   CITI
Sultanate of Oman   12/20/28   1.000%(Q)     2,000   0.966%   3,557   (1,491)   5,048   CITI
United Mexican States   12/20/28   1.000%(Q)     9,000   0.835%   66,126   (6,708)   72,834   CITI
                      $(2,467,927)   $(74,536)   $(2,393,391)    
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Packaged Credit Default Swap Agreement on credit indices— Buy Protection(1)**:
CDX.EM.40.V1   12/20/28   1.000%(Q)     100,000   $2,393,663   $(21,296)   $2,414,959   CITI
** The Portfolio entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Portfolio bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s).
    
Reference Entity/
Obligation
  Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Implied
Credit
Spread at
March 31,
2024(4)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^:
GS_21-PJA   04/14/24   0.500%(M)     19,640   *   $13,069   $(127)   $13,196   GSI
    
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 corporate and/or sovereign issues - Buy Protection(1):
Gazprom PAO   06/20/24   1.000%(Q)     1,343   $46,324   $58,961   $(12,637)   HSBC
Kingdom of Morocco   12/20/27   1.000%(Q)     850   (9,421)   17,017   (26,438)   BNP
Republic of Italy   12/20/27   1.000%(Q)   EUR 410   (14,371)   (11,511)   (2,860)   BARC
Republic of South Africa   12/20/28   1.000%(Q)     3,400   194,966   313,821   (118,855)   JPM
Republic of South Africa   12/20/28   1.000%(Q)     2,200   126,155   198,727   (72,572)   MSI
United Mexican States   12/20/24   1.000%(Q)     335   (2,166)   340   (2,506)   CITI
                    $341,487   $577,355   $(235,868)    
    
A50

AST PRUDENTIAL GROWTH 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)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):
Bank of America Corp.   06/20/24   1.000%(Q)     6,290   0.171%   $14,098   $671   $13,427   GSI
Emirate of Abu Dhabi   06/20/24   1.000%(Q)     920   0.101%   2,210   1,745   465   BNP
Petroleos Mexicanos   12/20/24   1.000%(Q)     335   1.557%   (1,229)   (4,554)   3,325   CITI
Republic of Estonia   12/20/26   1.000%(Q)     450   0.374%   7,397   2,319   5,078   JPM
Republic of Panama   12/20/26   1.000%(Q)     1,430   0.979%   1,248   2,240   (992)   CITI
Republic of Poland   06/20/24   1.000%(Q)     1,045   0.212%   2,242   178   2,064   BNP
United States of America   06/20/24   0.250%(Q)   EUR 1,755   0.047%   1,046   (602)   1,648   BNP
United States of America   12/20/24   0.250%(Q)   EUR 4,500   0.084%   6,273   (7,653)   13,926   BNP
                      $33,285   $(5,656)   $38,941    
    
Reference Entity/
Obligation
Termination
Date
  Fixed
Rate
  Notional
Amount
(000)#(3)
  Value at
Trade Date
  Value at
March 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):
CDX.NA.IG.42.V1 06/20/29   1.000%(Q)     47,405   $(1,027,458)   $(1,086,625)   $(59,167)
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.
* When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Portfolio is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents 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.
A51

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Currency swap agreement outstanding at March 31, 2024:
Notional
Amount
(000)#
  Fund
Receives
  Notional
Amount
(000)#
  Fund
Pays
  Counterparty   Termination
Date
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)
OTC Currency Swap Agreement:
  4,820   3 Month LIBOR(Q)/ 5.560%   JPY 510,000   3 Month JPY LIBOR minus 29.5bps(Q)/ (0.321)%   JPM   02/22/25   $1,489,979   $—   $1,489,979
    
Inflation swap agreement outstanding at March 31, 2024:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
March 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Inflation Swap Agreement:
EUR 1,115   01/15/29   2.012%(T)   Eurostat Eurozone HICP ex Tobacco(1)(T)   $—   $3,306   $3,306
(1) The Portfolio pays the fixed rate and receives the floating rate.
(2) The Portfolio pays the floating rate and receives the fixed rate.
Interest rate swap agreements outstanding at March 31, 2024:
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
March 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements:
AUD 2,590   12/03/28   2.650%(S)   6 Month BBSW(2)(S)/ 4.499%   $(113,300)   $(105,902)   $7,398
AUD 8,535   02/19/31   1.398%(S)   6 Month BBSW(2)(S)/ 4.499%     (914,965)   (914,965)
CAD 9,015   02/17/26   1.060%(S)   3 Month CDOR(2)(S)/ 5.295%   (46)   (451,945)   (451,899)
CAD 1,340   12/03/27   3.650%(S)   1 Day CORRA(2)(S)/ 5.050%   (2,996)   (6,297)   (3,301)
CAD 3,000   02/16/31   1.608%(S)   3 Month CDOR(2)(S)/ 5.295%   (53)   (303,506)   (303,453)
CAD 1,825   12/03/33   3.500%(S)   1 Day CORRA(1)(S)/ 5.050%   27,810   3,128   (24,682)
CAD 1,300   12/03/38   3.550%(S)   1 Day CORRA(1)(S)/ 5.050%   (28,984)   4,836   33,820
CAD 1,400   12/03/43   3.550%(S)   1 Day CORRA(1)(S)/ 5.050%   2,447   7,552   5,105
CAD 5,000   02/16/46   2.153%(S)   3 Month CDOR(2)(S)/ 5.295%   (165)   (975,253)   (975,088)
CAD 775   12/03/52   3.300%(S)   1 Day CORRA(2)(S)/ 5.050%   (8,155)   (11,790)   (3,635)
CAD 165   12/03/53   3.300%(S)   1 Day CORRA(2)(S)/ 5.050%   (199)   (2,046)   (1,847)
CHF 3,250   02/19/31   (0.042)%(A)   1 Day SARON(2)(S)/ 1.464%   (4,228)   (296,737)   (292,509)
CHF 1,000   03/31/33   1.909%(A)   1 Day SARON(2)(A)/ 1.464%     78,549   78,549
CHF 1,310   03/20/34   1.258%(A)   1 Day SARON(2)(A)/ 1.464%     15,227   15,227
CLP 469,700   02/19/27   2.140%(S)   1 Day CLOIS(2)(S)/ 7.250%     (40,719)   (40,719)
CLP 1,375,000   02/06/33   5.200%(S)   1 Day CLOIS(1)(S)/ 7.250%     (5,199)   (5,199)
CLP 605,000   02/23/33   5.570%(S)   1 Day CLOIS(1)(S)/ 7.250%     (19,612)   (19,612)
CLP 1,220,000   02/27/33   5.550%(S)   1 Day CLOIS(1)(S)/ 7.250%     (38,006)   (38,006)
CLP 564,000   03/16/33   5.295%(S)   1 Day CLOIS(1)(S)/ 7.250%     (7,497)   (7,497)
CNH 500,485   02/23/26   2.921%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%   (452)   1,314,216   1,314,668
CNH 15,560   08/01/27   2.420%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%     29,677   29,677
CNH 30,410   08/04/27   2.388%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%     52,963   52,963
CNH 134,045   03/01/28   2.955%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%     641,189   641,189
CNH 12,190   04/26/28   2.790%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%     50,026   50,026
CNH 63,000   05/11/28   2.600%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%   56,741   190,187   133,446
A52

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
March 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
CNH 20,000   05/15/28   2.548%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%   $  $54,532   $54,532
CZK 23,000   05/09/27   4.989%(A)   6 Month PRIBOR(2)(S)/ 5.230%     52,074   52,074
DKK 7,500   04/08/32   1.581%(A)   6 Month CIBOR(2)(S)/ 3.927%   (30,470)   (95,577)   (65,107)
EUR 63,710   11/23/24   (0.046)%(A)   6 Month EURIBOR(2)(S)/ 3.851%     (2,740,577)   (2,740,577)
EUR 35,180   12/02/24   (0.285)%(A)   6 Month EURIBOR(2)(S)/ 3.851%     (1,579,273)   (1,579,273)
EUR 3,939   08/15/30   (0.191)%(A)   1 Day EuroSTR(2)(A)/ 3.899%   (1,391)   (766,098)   (764,707)
EUR 2,160   05/11/31   0.750%(A)   1 Day EuroSTR(1)(A)/ 3.899%   14,753   316,566   301,813
EUR 14,525   03/20/33   2.996%(A)   6 Month EURIBOR(2)(S)/ 3.851%     501,187   501,187
EUR 1,460   03/20/34   2.560%(A)   1 Day EuroSTR(1)(A)/ 3.899%     (16,680)   (16,680)
EUR 10,400   03/20/38   2.982%(A)   6 Month EURIBOR(1)(S)/ 3.851%     (479,748)   (479,748)
EUR 1,780   11/24/41   0.565%(A)   6 Month EURIBOR(1)(S)/ 3.851%     278,923   278,923
EUR 1,780   11/24/41   0.600%(A)   3 Month EURIBOR(2)(Q)/ 3.892%     (291,764)   (291,764)
EUR 4,316   11/25/41   0.629%(A)   6 Month EURIBOR(1)(S)/ 3.851%     654,568   654,568
EUR 4,316   11/25/41   0.663%(A)   3 Month EURIBOR(2)(Q)/ 3.892%     (686,210)   (686,210)
EUR 2,275   03/22/42   1.257%(A)   6 Month EURIBOR(1)(S)/ 3.851%     230,395   230,395
EUR 2,275   03/22/42   1.310%(A)   3 Month EURIBOR(2)(Q)/ 3.892%     (244,509)   (244,509)
EUR 3,000   02/24/43   2.910%(A)   6 Month EURIBOR(1)(S)/ 3.851%   2,488   (162,971)   (165,459)
EUR 3,000   02/24/43   2.960%(A)   3 Month EURIBOR(2)(Q)/ 3.892%   (1,483)   161,796   163,279
EUR 2,770   05/11/46   1.150%(A)   1 Day EuroSTR(2)(A)/ 3.899%   (22,386)   (742,870)   (720,484)
EUR 2,250   05/11/51   1.200%(A)   1 Day EuroSTR(1)(A)/ 3.899%   20,621   628,748   608,127
EUR 555   05/11/52   1.200%(A)   1 Day EuroSTR(2)(A)/ 3.899%   (46,175)   (156,994)   (110,819)
GBP 25   05/08/24   0.950%(A)   1 Day SONIA(1)(A)/ 5.191%   633   1,356   723
GBP 3,200   05/08/25   1.000%(A)   1 Day SONIA(2)(A)/ 5.191%   (195,938)   (314,101)   (118,163)
GBP 9,092   05/08/26   1.000%(A)   1 Day SONIA(1)(A)/ 5.191%   (339,945)   1,179,682   1,519,627
GBP 6,000   05/08/26   1.000%(A)   1 Day SONIA(1)(A)/ 5.191%   59,474   778,496   719,022
GBP 1,945   05/08/27   1.050%(A)   1 Day SONIA(2)(A)/ 5.191%   (198,113)   (301,997)   (103,884)
GBP 4,995   05/08/28   1.100%(A)   1 Day SONIA(1)(A)/ 5.191%   975,234   890,395   (84,839)
GBP 1,925   05/08/29   1.100%(A)   1 Day SONIA(1)(A)/ 5.191%   219,395   387,448   168,053
GBP 5,285   05/08/30   1.100%(A)   1 Day SONIA(1)(A)/ 5.191%   (313,947)   1,179,539   1,493,486
GBP 4,871   05/08/31   1.150%(A)   1 Day SONIA(2)(A)/ 5.191%   227,979   (1,170,751)   (1,398,730)
GBP 1,330   05/08/32   1.150%(A)   1 Day SONIA(2)(A)/ 5.191%   (101,349)   (350,540)   (249,191)
GBP 960   05/08/33   1.150%(A)   1 Day SONIA(1)(A)/ 5.191%   298,377   273,446   (24,931)
GBP 3,090   02/17/36   0.698%(A)   1 Day SONIA(2)(A)/ 5.191%     (1,122,206)   (1,122,206)
GBP 2,535   02/17/41   0.764%(A)   1 Day SONIA(2)(A)/ 5.191%   (62)   (1,190,008)   (1,189,946)
GBP 1,720   02/17/51   0.768%(A)   1 Day SONIA(2)(A)/ 5.191%   (44)   (1,083,970)   (1,083,926)
GBP 2,000   05/08/54   1.250%(A)   1 Day SONIA(2)(A)/ 5.191%   (1,106,653)   (1,188,377)   (81,724)
HUF 200,000   09/03/30   1.705%(A)   6 Month BUBOR(2)(S)/ 7.580%   (18,442)   (134,350)   (115,908)
ILS 2,880   02/23/31   1.060%(A)   3 Month TELBOR(2)(Q)/ 4.350%     (139,079)   (139,079)
JPY 1,195,000   07/08/24   (0.050)%(A)   1 Day TONAR(2)(A)/ 0.074%   (3,823)   (4,457)   (634)
JPY 410,000   07/08/25   (0.050)%(A)   1 Day TONAR(2)(A)/ 0.074%   (11,169)   (9,941)   1,228
JPY 640,000   07/08/27   (0.050)%(A)   1 Day TONAR(2)(A)/ 0.074%   (52,455)   (62,907)   (10,452)
JPY 2,000,000   02/24/28   0.050%(S)   1 Day TONAR(2)(S)/ 0.074%   (754)   (230,407)   (229,653)
JPY 685,000   07/08/28   (0.050)%(A)   1 Day TONAR(2)(A)/ 0.074%   (93,278)   (99,667)   (6,389)
JPY 493,400   07/31/28   0.268%(A)   1 Day TONAR(2)(A)/ 0.074%     (21,825)   (21,825)
JPY 435,000   07/08/29   (0.050)%(A)   1 Day TONAR(1)(A)/ 0.074%   90,292   87,420   (2,872)
JPY 1,620,500   02/19/31   0.135%(S)   1 Day TONAR(2)(S)/ 0.074%   (3,627)   (408,413)   (404,786)
JPY 1,600,000   02/24/31   0.136%(S)   1 Day TONAR(2)(S)/ 0.074%   (3,448)   (404,024)   (400,576)
JPY 1,600,000   02/24/31   0.136%(S)   1 Day TONAR(1)(S)/ 0.074%   918,041   403,191   (514,850)
JPY 510,000   07/08/33   0.100%(A)   1 Day TONAR(2)(A)/ 0.074%   (233,507)   (208,119)   25,388
JPY 1,364,000   02/19/36   0.290%(S)   1 Day TONAR(2)(S)/ 0.074%   (8,196)   (731,609)   (723,413)
JPY 400,000   07/08/37   0.150%(A)   1 Day TONAR(1)(A)/ 0.074%   238,416   286,144   47,728
JPY 20,000   07/08/38   0.200%(A)   1 Day TONAR(2)(A)/ 0.074%   (16,716)   (15,252)   1,464
JPY 2,200,000   02/19/41   0.418%(S)   1 Day TONAR(2)(S)/ 0.074%   (20,457)   (1,892,271)   (1,871,814)
JPY 800,000   07/08/42   0.300%(A)   1 Day TONAR(1)(A)/ 0.074%   443,919   827,636   383,717
JPY 170,000   07/08/43   0.300%(A)   1 Day TONAR(2)(A)/ 0.074%   (177,592)   (190,566)   (12,974)
JPY 666,500   02/19/46   0.499%(S)   1 Day TONAR(2)(S)/ 0.074%   (7,659)   (780,332)   (772,673)
JPY 410,500   02/19/46   0.499%(S)   1 Day TONAR(1)(S)/ 0.074%   5,785   480,287   474,502
JPY 230,000   07/08/48   0.450%(A)   1 Day TONAR(2)(A)/ 0.074%   (274,304)   (300,284)   (25,980)
A53

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Value at
Trade Date
  Value at
March 31,
2024
  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Interest Rate Swap Agreements (cont’d.):
JPY 685,500   02/19/51   0.553%(S)   1 Day TONAR(2)(S)/ 0.074%   $(8,925)   $(975,215)   $(966,290)
JPY 200,000   07/08/52   0.450%(A)   1 Day TONAR(2)(A)/ 0.074%   (266,598)   (310,897)   (44,299)
JPY 94,100   07/31/53   1.102%(A)   1 Day TONAR(1)(A)/ 0.074%     50,002   50,002
KRW 6,001,000   03/02/25   3.810%(Q)   3 Month KWCDC(2)(Q)/ 3.640%     11,354   11,354
KRW 765,000   04/19/28   3.135%(Q)   3 Month KWCDC(2)(Q)/ 3.640%     (3,300)   (3,300)
KRW 7,880,000   02/18/31   1.528%(Q)   3 Month KWCDC(2)(Q)/ 3.640%     (638,604)   (638,604)
KRW 1,215,000   08/13/31   1.630%(Q)   3 Month KWCDC(2)(Q)/ 3.640%     (98,448)   (98,448)
KRW 1,640,250   03/10/33   3.150%(Q)   3 Month KWCDC(2)(Q)/ 3.640%   (24,694)   (8,700)   15,994
KRW 420,000   11/24/33   3.610%(Q)   3 Month KWCDC(2)(Q)/ 3.640%     9,781   9,781
MXN 54,940   03/19/26   6.050%(M)   28 Day Mexican Interbank Rate(2)(M)/ 11.249%   (45)   (229,819)   (229,774)
MXN 18,925   05/19/26   9.000%(M)   28 Day Mexican Interbank Rate(1)(M)/ 11.249%   15,823   15,572   (251)
MXN 32,095   05/09/34   8.400%(M)   28 Day Mexican Interbank Rate(1)(M)/ 11.249%   50,960   47,284   (3,676)
NOK 3,845   02/19/31   1.654%(A)   6 Month NIBOR(2)(S)/ 4.870%     (47,051)   (47,051)
NZD 1,515   02/22/31   1.584%(S)   3 Month BBR(2)(Q)/ 5.635%     (149,384)   (149,384)
PLN 2,000   09/07/30   1.068%(A)   6 Month WIBOR(2)(S)/ 5.860%   (14,506)   (101,722)   (87,216)
SEK 14,000   02/19/31   0.655%(A)   3 Month STIBOR(2)(Q)/ 4.025%     (168,937)   (168,937)
SGD 2,135   07/29/31   1.120%(S)   1 Day SORA(2)(S)/ 3.685%   10,934   (199,513)   (210,447)
THB 94,000   02/19/31   1.380%(Q)   1 Day THOR(2)(Q)/ 2.491%     (158,048)   (158,048)
TWD 109,800   02/17/28   1.390%(Q)   3 Month TAIBOR(1)(Q)/ 1.620%     41,864   41,864
TWD 40,000   02/24/33   1.415%(Q)   3 Month TAIBOR(1)(Q)/ 1.620%     41,261   41,261
  72,600   07/31/24   5.406%(T)   1 Day SOFR(2)(T)/ 5.340%     (21,673)   (21,673)
  153,175   08/14/24   5.298%(T)   1 Day SOFR(2)(T)/ 5.340%     (198,195)   (198,195)
  227,280   08/31/24   5.384%(T)   1 Day SOFR(2)(T)/ 5.340%     (69,403)   (69,403)
  79,460   10/04/24   5.472%(T)   1 Day SOFR(2)(T)/ 5.340%     97,713   97,713
  21,200   03/08/25   4.946%(A)   1 Day SOFR(2)(A)/ 5.340%     (32,234)   (32,234)
  27,136   03/09/25   5.110%(A)   1 Day SOFR(2)(A)/ 5.340%     3,124   3,124
  61,557   03/10/25   5.088%(A)   1 Day SOFR(2)(A)/ 5.340%     (5,487)   (5,487)
  82,715   08/31/25   4.805%(A)   1 Day SOFR(1)(A)/ 5.340%     333,039   333,039
  16,425   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 5.340%   3,038   (62,610)   (65,648)
  13,870   09/25/26   4.699%(A)   1 Day SOFR(1)(A)/ 5.340%     (52,870)   (52,870)
  6,537   08/15/28   1.220%(A)   1 Day SOFR(1)(A)/ 5.340%     904,595   904,595
  9,730   09/05/28   4.027%(A)   1 Day SOFR(1)(A)/ 5.340%     79,166   79,166
  7,560   09/28/28   4.396%(A)   1 Day SOFR(1)(A)/ 5.340%     (74,206)   (74,206)
  7,870   11/07/28   4.223%(A)   1 Day SOFR(1)(A)/ 5.340%     (29,534)   (29,534)
  6,950   08/15/39   3.771%(A)   1 Day SOFR(2)(A)/ 5.340%     (115,281)   (115,281)
                    $(73,569)   $(13,573,195)   $(13,499,626)
    
Notional
Amount
(000)#
  Termination
Date
  Fixed
Rate
  Floating
Rate
  Fair
Value
  Upfront
Premiums
Paid(Received)
  Unrealized
Appreciation
(Depreciation)
  Counterparty
OTC Interest Rate Swap Agreements:
CNH 10,500   07/31/30   2.515%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%   $32,257   $  $32,257   MSI
CNH 11,000   09/01/30   2.360%(Q)   7 Day China Fixing Repo Rates(2)(Q)/ 2.020%   19,298     19,298   MSI
MYR 4,755   11/23/30   3.880%(Q)   3 Month KLIBOR(2)(Q)/ 3.590%   7,431   (5)   7,436   MSI
MYR 9,500   02/17/31   2.875%(Q)   3 Month KLIBOR(2)(Q)/ 3.590%   (111,861)   (86)   (111,775)   JPM
                  $(52,875)   $(91)   $(52,784)    
    
A54

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
(1) The Portfolio pays the fixed rate and receives the floating rate.
(2) The Portfolio pays the floating rate and receives the fixed rate.
    
Total return swap agreements outstanding at March 31, 2024:
Reference Entity   Financing
Rate
  Counterparty   Termination
Date
  Long (Short)
Notional
Amount
(000)#(1)
  Fair
Value
  Upfront
Premiums
Paid
(Received)
  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreements:
Total Return Benchmark Bond Index(T)   1 Day USOIS -40bps(T)/ 4.930%   GSI   09/20/24   (30,802)   $(114,437)   $—   $(114,437)
U.S. Treasury Bond(T)   1 Day USOIS -22bps(T)/ 5.110%   JPM   06/07/24   5,380   29,574     29,574
                    $(84,863)   $—   $(84,863)
(1) On a long total return swap, the Portfolio receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Portfolio makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
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).
A55