NPORT-EX 2 PIPDBQ0PRU033125.htm
AST BOND PORTFOLIO 2033
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
Long-Term Investment — 93.7%
Affiliated Mutual Fund
Fixed Income
AST Target Maturity Central Portfolio*
379,155   $4,053,166
(cost $3,626,496)      
    
         
Short-Term Investment — 1.9%
Affiliated Mutual Fund
PGIM Core Ultra Short Bond Fund

(cost $81,558)
81,558 81,558
 
TOTAL INVESTMENTS—95.6%

(cost $3,708,054)(wa)
4,134,724
 
Other assets in excess of liabilities(z) — 4.4%
191,778
 
Net Assets — 100.0%
$4,326,502
    
* Non-income producing security.
(wa) Represents investments in Funds affiliated with the Manager.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Futures contracts outstanding at March 31, 2025:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
14   10 Year U.S. Treasury Notes   Jun. 2025   $1,557,063   $19,146
30   10 Year U.S. Ultra Treasury Notes   Jun. 2025   3,423,750   45,678
                64,824
Short Positions:
5   2 Year U.S. Treasury Notes   Jun. 2025   1,035,859   (4,421)
19   5 Year U.S. Treasury Notes   Jun. 2025   2,054,969   (18,748)
5   20 Year U.S. Treasury Bonds   Jun. 2025   586,406   (8,991)
3   30 Year U.S. Ultra Treasury Bonds   Jun. 2025   366,750   (7,567)
                (39,727)
                $25,097
Other information regarding the Portfolio is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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