NPORT-EX 2 PIPA090PRU033125.htm
AST BOND PORTFOLIO 2035
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
Long-Term Investment — 94.6%
Affiliated Mutual Fund
Fixed Income
AST Target Maturity Central Portfolio*
512,525   $5,478,898
(cost $5,213,242)      
    
         
Short-Term Investment — 0.8%
Affiliated Mutual Fund
PGIM Core Ultra Short Bond Fund

(cost $46,828)
46,828 46,828
 
TOTAL INVESTMENTS—95.4%

(cost $5,260,070)(wa)
5,525,726
 
Other assets in excess of liabilities(z) — 4.6%
265,025
 
Net Assets — 100.0%
$5,790,751
    
* 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:
70   10 Year U.S. Ultra Treasury Notes   Jun. 2025   $7,988,750   $101,532
3   20 Year U.S. Treasury Bonds   Jun. 2025   351,844   3,324
                104,856
Short Positions:
7   2 Year U.S. Treasury Notes   Jun. 2025   1,450,203   (4,884)
21   5 Year U.S. Treasury Notes   Jun. 2025   2,271,281   (20,766)
28   10 Year U.S. Treasury Notes   Jun. 2025   3,114,125   (37,255)
4   30 Year U.S. Ultra Treasury Bonds   Jun. 2025   489,000   (10,084)
                (72,989)
                $31,867
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).
A1