AST INTERNATIONAL EQUITY PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Long-Term Investments — 97.9%
Common Stocks — 93.8%
Australia — 5.0%
ANZ Group Holdings Ltd.
49,700   $952,556
Aristocrat Leisure Ltd.
47,409   1,327,496
AUB Group Ltd.
15,381   298,076
Bank of Queensland Ltd.
113,737   468,566
BHP Group Ltd. (XASX)
379,703   10,978,713
BHP Group Ltd. (BCXE)
35,695   1,022,599
BlueScope Steel Ltd.
58,782   914,243
Brambles Ltd.
419,981   4,419,925
CAR Group Ltd.
10,189   239,501
Cochlear Ltd.
7,617   1,675,216
Coles Group Ltd.
36,880   407,127
Commonwealth Bank of Australia
3,037   238,221
Computershare Ltd.
15,514   264,248
Dexus, REIT
33,200   171,066
Elders Ltd.
84,337   515,418
Fortescue Ltd.
305,919   5,119,566
Glencore PLC
672,615   3,691,016
Goodman Group, REIT
199,712   4,399,117
GPT Group (The), REIT
71,862   213,862
Harvey Norman Holdings Ltd.
274,285   920,500
JB Hi-Fi Ltd.
21,454   898,119
Macquarie Group Ltd.
7,569   984,557
Medibank Private Ltd.
1,272,675   3,118,216
Metcash Ltd.
208,300   530,868
Myer Holdings Ltd.
494,900   262,719
National Australia Bank Ltd.
184,812   4,184,530
New Hope Corp. Ltd.
145,802   441,703
NRW Holdings Ltd.
196,619   375,132
Orica Ltd.
56,944   677,312
Perenti Ltd.
327,500   209,146
Pilbara Minerals Ltd.
38,773   96,756
QBE Insurance Group Ltd.
49,057   579,889
Ramsay Health Care Ltd.
3,419   125,868
Rio Tinto Ltd.
45,959   3,647,552
Rio Tinto PLC
93,482   5,910,390
Scentre Group, REIT
552,611   1,220,455
Stockland, REIT
384,009   1,213,421
Suncorp Group Ltd.
34,470   367,930
Super Retail Group Ltd.
87,545   918,678
Vicinity Ltd., REIT
981,462   1,362,303
Westpac Banking Corp.
68,000   1,156,555
            66,519,131
Austria — 0.6%
BAWAG Group AG, 144A*
15,100   955,701
Erste Group Bank AG
99,298   4,425,485
Mondi PLC
12,696   223,619
OMV AG
12,800   606,240
voestalpine AG
2,800   78,549
Wienerberger AG
28,843   1,050,630
            7,340,224
Belgium — 0.7%
Ageas SA/NV
40,529   1,877,531
Bekaert SA
15,931   816,877
Groupe Bruxelles Lambert NV
2,702   204,266
KBC Group NV
52,791   3,957,854
      Shares   Value
Common Stocks (continued)
Belgium (cont’d.)
Solvay SA
39,903   $1,089,018
Syensqo SA*
14,915   1,413,279
Warehouses De Pauw CVA, REIT
5,152   146,908
            9,505,733
Brazil — 0.9%
Ambev SA
198,100   494,519
Banco do Brasil SA
140,500   1,587,818
MercadoLibre, Inc.*
2,640   3,991,574
NU Holdings Ltd. (Class A Stock)*
285,008   3,400,146
Odontoprev SA
149,700   365,937
Petroleo Brasileiro SA, ADR
78,520   1,194,289
Vale SA
87,300   1,062,486
Yara International ASA
16,620   527,005
            12,623,774
Canada — 2.0%
Air Canada*
62,074   898,654
ARC Resources Ltd.
64,400   1,148,175
Brookfield Corp.
33,435   1,399,059
Canadian Imperial Bank of Commerce(a)
16,500   836,481
Celestica, Inc.*
44,800   2,012,866
Cenovus Energy, Inc.
23,351   466,830
CGI, Inc.*
7,122   785,731
CI Financial Corp.
88,000   1,125,215
Constellation Software, Inc.
640   1,748,182
Dollarama, Inc.
8,829   672,596
Empire Co. Ltd. (Class A Stock)
29,400   717,989
Finning International, Inc.
23,824   700,183
H&R Real Estate Investment Trust, UTS
66,700   455,483
iA Financial Corp., Inc.
26,070   1,619,571
Imperial Oil Ltd.
21,229   1,464,269
Loblaw Cos. Ltd.
6,729   745,652
Manulife Financial Corp.
153,817   3,841,592
Martinrea International, Inc.
59,400   533,243
Nutrien Ltd.
15,010   815,463
Russel Metals, Inc.
24,600   818,517
Sleep Country Canada Holdings, Inc., 144A
34,900   770,632
Stelco Holdings, Inc.
14,700   484,773
Stella-Jones, Inc.
12,400   723,192
Suncor Energy, Inc.
25,202   930,086
Torex Gold Resources, Inc.*
47,200   694,820
Transcontinental, Inc. (Class A Stock)
26,916   292,300
            26,701,554
Chile — 0.0%
Cencosud SA
361,900   627,753
China — 2.5%
3SBio, Inc., 144A*
828,000   633,415
Alibaba Group Holding Ltd.
280,500   2,536,515
Anhui Conch Cement Co. Ltd. (Class H Stock)
120,500   249,876
AviChina Industry & Technology Co. Ltd. (Class H Stock)
1,890,000   744,093
A1
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
China (cont’d.)
Bank of China Ltd. (Class H Stock)
3,685,000   $1,510,889
BOC Hong Kong Holdings Ltd.
78,000   209,141
BYD Co. Ltd. (Class H Stock)
20,000   512,101
China Construction Bank Corp. (Class H Stock)
1,764,000   1,064,527
China Feihe Ltd., 144A
754,000   354,821
China Pacific Insurance Group Co. Ltd. (Class H Stock)
359,800   631,205
China Tower Corp. Ltd. (Class H Stock), 144A
6,874,000   791,127
CIMC Enric Holdings Ltd.
590,000   601,440
CSPC Pharmaceutical Group Ltd.
1,142,000   898,868
Fufeng Group Ltd.
972,000   630,326
Hello Group, Inc., ADR
70,200   435,942
JOYY, Inc., ADR
20,100   618,075
Kingboard Holdings Ltd.
166,000   338,920
Kingsoft Corp. Ltd.
104,400   322,213
Lenovo Group Ltd.
1,556,000   1,802,782
Midea Group Co. Ltd. (Class A Stock)
36,200   322,069
NetEase, Inc., ADR
14,836   1,535,081
NXP Semiconductors NV
2,414   598,117
PDD Holdings, Inc., ADR*
4,861   565,091
PetroChina Co. Ltd. (Class H Stock)
4,026,000   3,452,788
PICC Property & Casualty Co. Ltd. (Class H Stock)
1,856,000   2,449,445
Ping An Insurance Group Co. of China Ltd. (Class H Stock)
180,500   766,345
Prosus NV*
41,515   1,299,436
Sinopharm Group Co. Ltd. (Class H Stock)
337,600   865,705
Sinotruk Hong Kong Ltd.
458,500   1,126,498
Tencent Holdings Ltd.
43,400   1,690,428
Vipshop Holdings Ltd., ADR
50,700   839,085
Want Want China Holdings Ltd.
900,000   531,278
Wilmar International Ltd.
889,900   2,260,457
            33,188,099
Czech Republic — 0.1%
Komercni Banka A/S
19,000   680,503
Denmark — 3.4%
AP Moller - Maersk A/S (Class A Stock)
88   112,756
Carlsberg A/S (Class B Stock)
29,680   4,064,533
Danske Bank A/S
87,921   2,639,073
Demant A/S*
18,775   933,180
DFDS A/S
9,747   283,345
Jyske Bank A/S
13,753   1,164,957
Novo Nordisk A/S (Class B Stock)
248,530   31,879,791
Pandora A/S
17,344   2,799,426
ROCKWOOL A/S (Class B Stock)
352   115,817
Spar Nord Bank A/S
45,089   752,588
            44,745,466
Finland — 0.4%
Metsa Board OYJ (Class B Stock)(a)
57,600   436,370
Nokia OYJ
394,764   1,400,661
Nordea Bank Abp (SGMX)
87,100   970,685
Nordea Bank Abp (BATE)
111,322   1,258,461
      Shares   Value
Common Stocks (continued)
Finland (cont’d.)
Sampo OYJ (Class A Stock)
13,020   $555,384
UPM-Kymmene OYJ
5,178   172,514
Wartsila OYJ Abp
30,288   460,302
            5,254,377
France — 11.3%
Accor SA
74,075   3,458,298
Air Liquide SA
25,270   5,257,391
Airbus SE
21,181   3,902,150
Amundi SA, 144A
3,481   239,099
Arkema SA
8,751   921,303
AXA SA
101,359   3,806,618
BNP Paribas SA
56,526   4,024,363
Bollore SE
19,600   130,951
Bouygues SA
32,686   1,334,402
Capgemini SE
12,215   2,810,804
Carrefour SA
31,828   545,988
Cie de Saint-Gobain SA
77,738   6,033,540
Cie Generale des Etablissements Michelin SCA
148,634   5,696,156
Credit Agricole SA
220,110   3,283,586
Dassault Systemes SE
122,351   5,416,133
Eiffage SA
20,096   2,280,740
Engie SA
255,751   4,285,710
Gecina SA, REIT
1,230   125,637
Hermes International SCA
4,334   11,076,755
Ipsen SA
6,577   782,639
Klepierre SA, REIT
93,775   2,427,419
La Francaise des Jeux SAEM, 144A
28,217   1,150,060
Legrand SA
35,595   3,769,394
L’Oreal SA
17,270   8,178,582
LVMH Moet Hennessy Louis Vuitton SE
17,057   15,347,833
Orange SA
36,128   424,866
Pernod Ricard SA
17,020   2,755,268
Publicis Groupe SA
39,488   4,305,002
Rexel SA
45,204   1,221,088
Rubis SCA
25,302   893,317
Safran SA
45,020   10,195,757
Societe BIC SA
9,762   697,556
Societe Generale SA
102,697   2,751,563
Sodexo SA
15,081   1,292,793
Sopra Steria Group
2,955   716,124
Thales SA
4,322   736,816
TotalEnergies SE
207,713   14,288,451
Unibail-Rodamco-Westfield, REIT*
21,397   1,721,310
Verallia SA, 144A
34,057   1,324,099
Vinci SA
76,391   9,803,155
Vivendi SE
81,776   891,181
            150,303,897
Germany — 5.7%
adidas AG
4,119   920,304
Allianz SE
22,496   6,742,440
Aurubis AG
6,800   478,252
Bayer AG
15,891   486,655
Bayerische Motoren Werke AG
59,616   6,878,426
Bechtle AG
2,124   112,262
 
A2
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Germany (cont’d.)
Brenntag SE
4,017   $338,557
Commerzbank AG
8,528   117,210
Daimler Truck Holding AG
39,376   1,995,370
Deutsche Bank AG
202,713   3,192,782
Deutsche Boerse AG
23,841   4,882,397
Deutsche Lufthansa AG*
29,188   229,398
Deutsche Post AG
71,886   3,098,099
Deutsche Telekom AG
89,788   2,179,560
E.ON SE
106,235   1,478,996
Fresenius Medical Care AG
31,632   1,215,450
Fresenius SE & Co. KGaA
100,883   2,720,493
GEA Group AG
71,018   3,002,653
Hannover Rueck SE
936   256,302
Heidelberg Materials AG
35,863   3,947,848
Henkel AG & Co. KGaA
3,087   222,429
Infineon Technologies AG
101,372   3,447,210
Mercedes-Benz Group AG
25,242   2,010,195
MTU Aero Engines AG
2,538   643,703
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
18,730   9,142,879
Nemetschek SE
15,013   1,486,032
Rational AG
323   278,296
Rheinmetall AG
1,188   668,156
SAP SE
22,828   4,445,045
Scout24 SE, 144A
13,039   982,336
Siemens AG
37,408   7,142,642
Talanx AG
8,976   711,053
Volkswagen AG
5,963   910,896
            76,364,326
Greece — 0.2%
Hellenic Telecommunications Organization SA
42,130   621,176
Mytilineos SA
25,400   979,540
National Bank of Greece SA*
77,105   603,134
            2,203,850
Hong Kong — 0.9%
AIA Group Ltd.
433,624   2,916,804
CK Asset Holdings Ltd.
79,500   327,594
CLP Holdings Ltd.
41,500   331,014
Dah Sing Financial Holdings Ltd.
89,600   205,938
Grand Pharmaceutical Group Ltd.
1,092,500   574,399
HKT Trust & HKT Ltd., UTS
154,528   180,301
New World Development Co. Ltd.
39,231   41,478
PAX Global Technology Ltd.
373,000   294,088
Swire Pacific Ltd. (Class A Stock)
22,000   181,112
Techtronic Industries Co. Ltd.
244,013   3,315,616
VTech Holdings Ltd.
48,300   292,955
WH Group Ltd., 144A
3,692,029   2,437,038
Yue Yuen Industrial Holdings Ltd.
302,500   425,147
            11,523,484
Hungary — 0.0%
OTP Bank Nyrt
6,822   314,035
      Shares   Value
Common Stocks (continued)
India — 1.1%
Apollo Hospitals Enterprise Ltd.
12,353   $942,998
Chambal Fertilisers & Chemicals Ltd.
164,650   676,995
Coal India Ltd.
229,700   1,201,064
Dr. Reddy’s Laboratories Ltd.
4,680   345,871
IndusInd Bank Ltd.
19,335   361,478
Mahanagar Gas Ltd.
52,400   859,225
Mahindra & Mahindra Ltd.
29,072   671,603
NMDC Ltd.
603,700   1,465,241
Oil & Natural Gas Corp. Ltd.
424,600   1,370,621
Oil India Ltd.
262,300   1,895,017
Petronet LNG Ltd.
239,000   756,754
Sun Pharmaceutical Industries Ltd.
73,898   1,438,629
Tata Consultancy Services Ltd.
22,802   1,064,214
Varun Beverages Ltd.
69,617   1,170,021
            14,219,731
Indonesia — 0.3%
Bank Central Asia Tbk PT
2,491,199   1,584,248
First Resources Ltd.
618,000   627,028
Telkom Indonesia Persero Tbk PT
4,074,300   896,124
United Tractors Tbk PT
417,600   636,850
            3,744,250
Ireland — 0.2%
AerCap Holdings NV*(a)
25,300   2,198,823
AIB Group PLC
46,368   235,384
Bank of Ireland Group PLC
48,235   492,242
Smurfit Kappa Group PLC
7,467   340,464
            3,266,913
Israel — 0.6%
Check Point Software Technologies Ltd.*(a)
10,902   1,788,037
ICL Group Ltd.
40,641   215,390
Mizrahi Tefahot Bank Ltd.
14,913   559,083
Nice Ltd.*
1,778   462,709
Teva Pharmaceutical Industries Ltd.*
48,424   683,073
Teva Pharmaceutical Industries Ltd., ADR*
27,300   385,203
Wix.com Ltd.*
27,170   3,735,332
            7,828,827
Italy — 2.8%
Banca Monte dei Paschi di Siena SpA*
79,598   361,001
Brunello Cucinelli SpA
26,219   2,996,510
Coca-Cola HBC AG*
43,019   1,359,413
Enel SpA
406,280   2,682,057
Eni SpA
129,857   2,056,160
Ferrari NV
15,320   6,680,064
Intesa Sanpaolo SpA
1,057,983   3,841,047
Leonardo SpA
45,000   1,130,564
Mediobanca Banca di Credito Finanziario SpA
69,673   1,038,230
Pirelli & C SpA, 144A
150,507   921,554
Poste Italiane SpA, 144A
100,954   1,264,368
UniCredit SpA
303,572   11,529,453
Unipol Gruppo SpA
130,798   1,096,079
 
A3
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Italy (cont’d.)
UnipolSai Assicurazioni SpA
252,529   $731,610
            37,688,110
Japan — 17.5%
Advantest Corp.
50,412   2,239,445
AEON REIT Investment Corp., REIT
525   482,151
AGC, Inc.
5,600   203,181
Ajinomoto Co., Inc.
39,500   1,475,073
Alps Alpine Co. Ltd.
67,200   528,342
Amada Co. Ltd.
58,400   668,811
Asahi Group Holdings Ltd.
15,000   550,798
Bridgestone Corp.
70,142   3,108,676
Brother Industries Ltd.
30,300   561,951
Canon, Inc.
51,500   1,534,446
Central Japan Railway Co.
128,400   3,188,856
Chubu Electric Power Co., Inc.
99,000   1,294,539
Chugai Pharmaceutical Co. Ltd.
47,800   1,826,696
Credit Saison Co. Ltd.
44,300   913,769
Daicel Corp.
92,800   916,059
Dai-ichi Life Holdings, Inc.
14,700   374,917
Daiichi Sankyo Co. Ltd.
25,000   795,473
Daikin Industries Ltd.
22,371   3,054,553
Daito Trust Construction Co. Ltd.
1,800   205,349
Daiwa House Industry Co. Ltd.
29,200   869,150
Daiwabo Holdings Co. Ltd.
29,800   498,888
DCM Holdings Co. Ltd.
60,300   583,233
Denso Corp.
167,000   3,198,329
Dentsu Group, Inc.
53,400   1,482,745
Disco Corp.
16,533   6,043,365
EDION Corp.(a)
63,800   642,196
ENEOS Holdings, Inc.
134,200   646,556
Ezaki Glico Co. Ltd.
25,100   700,598
Fast Retailing Co. Ltd.
7,900   2,447,626
Fuji Corp.
24,600   434,857
Fuyo General Lease Co. Ltd.
9,600   854,061
Hazama Ando Corp.
88,400   688,446
Hitachi Ltd.
102,600   9,375,634
Honda Motor Co. Ltd.
132,600   1,640,752
Hosiden Corp.
40,900   520,779
Hoya Corp.
31,594   3,951,489
Hulic Co. Ltd.
11,200   115,028
Idemitsu Kosan Co. Ltd.
26,600   182,373
Inpex Corp.
239,400   3,639,165
Isuzu Motors Ltd.
67,100   907,021
Itoham Yonekyu Holdings, Inc.
20,900   549,072
Japan Airlines Co. Ltd.
161,400   3,064,617
Japan Post Holdings Co. Ltd.
301,500   3,037,651
Japan Post Insurance Co. Ltd.
5,500   105,133
Japan Tobacco, Inc.
43,300   1,154,461
JFE Holdings, Inc.
26,600   440,858
Kamigumi Co. Ltd.
19,600   431,936
Kandenko Co. Ltd.
60,700   692,918
Kaneka Corp.
14,300   355,840
Kansai Electric Power Co., Inc. (The)
127,200   1,814,993
Kao Corp.
9,300   347,525
KDDI Corp.
74,000   2,187,937
KDX Realty Investment Corp., REIT
916   973,610
Keiyo Bank Ltd. (The)
69,800   349,256
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Keyence Corp.
17,571   $8,157,529
Kirin Holdings Co. Ltd.
67,100   933,113
Koito Manufacturing Co. Ltd.
7,700   103,793
Komatsu Ltd.
23,700   701,302
Komeri Co. Ltd.
29,000   661,220
Konami Group Corp.
14,500   987,726
Lintec Corp.
38,600   795,769
Marubeni Corp.
67,500   1,169,077
Mazda Motor Corp.
271,800   3,150,055
Mebuki Financial Group, Inc.
304,900   1,001,789
MIRAIT ONE Corp.
49,400   608,929
Mitsubishi Chemical Group Corp.
144,000   877,576
Mitsubishi Corp.
221,200   5,112,204
Mitsubishi Electric Corp.
106,500   1,782,698
Mitsubishi Estate Co. Ltd.
31,500   574,748
Mitsubishi HC Capital, Inc.
174,000   1,213,588
Mitsubishi UFJ Financial Group, Inc.
859,127   8,740,846
Mitsui & Co. Ltd.
95,700   4,474,127
Mitsui Chemicals, Inc.
24,800   727,532
Mitsui Fudosan Co. Ltd.
435,600   4,696,410
NEC Corp.
13,300   970,971
Nidec Corp.
3,600   149,289
Nintendo Co. Ltd.
44,500   2,428,126
Nippon Express Holdings, Inc.
9,300   474,720
Nippon Sanso Holdings Corp.
11,100   348,271
Nippon Steel Corp.(a)
127,900   3,077,847
Nippon Telegraph & Telephone Corp.
4,292,000   5,112,215
Nishi-Nippon Financial Holdings, Inc.
78,300   978,964
Nitto Denko Corp.
19,200   1,755,686
Nomura Holdings, Inc.
154,600   989,521
Nomura Real Estate Holdings, Inc.
83,900   2,370,285
Nomura Real Estate Master Fund, Inc., REIT
780   771,292
Odakyu Electric Railway Co. Ltd.
7,200   99,251
Olympus Corp.
19,500   280,767
Ono Pharmaceutical Co. Ltd.
79,200   1,297,688
Oriental Land Co. Ltd.
30,600   980,293
ORIX Corp.
33,200   726,142
OSG Corp.
43,000   619,418
Otsuka Holdings Co. Ltd.
86,300   3,584,756
Recruit Holdings Co. Ltd.
137,476   6,036,132
Renesas Electronics Corp.
148,500   2,646,368
Sankyo Co. Ltd.
120,100   1,311,946
Sankyu, Inc.
33,200   1,142,676
Santen Pharmaceutical Co. Ltd.
105,300   1,035,553
SCSK Corp.
5,200   96,656
Seiko Epson Corp.
44,000   769,671
Seino Holdings Co. Ltd.
45,700   627,225
Shimadzu Corp.
51,600   1,437,273
Shimano, Inc.
19,800   2,945,519
Shin-Etsu Chemical Co. Ltd.
128,080   5,617,839
Shionogi & Co. Ltd.
41,300   2,110,503
SKY Perfect JSAT Holdings, Inc.
142,800   973,492
SMC Corp.
4,259   2,402,758
Sojitz Corp.
33,100   873,142
Sompo Holdings, Inc.
13,200   276,673
Sony Group Corp.
65,670   5,631,250
Subaru Corp.
168,000   3,804,839
 
A4
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Sugi Holdings Co. Ltd.
41,200   $703,599
Sumitomo Electric Industries Ltd.
19,600   303,709
Sumitomo Heavy Industries Ltd.
24,000   755,741
Sumitomo Mitsui Financial Group, Inc.
24,100   1,409,192
T&D Holdings, Inc.
27,500   478,065
Taisei Corp.
12,600   459,258
Takeda Pharmaceutical Co. Ltd.
23,100   642,501
TDK Corp.
4,500   220,986
Terumo Corp.
236,400   4,325,802
TIS, Inc.
68,300   1,465,433
Tokai Rika Co. Ltd.
2,800   48,047
Tokio Marine Holdings, Inc.
243,293   7,626,327
Tokuyama Corp.
26,700   467,554
Tokyo Electric Power Co. Holdings, Inc.*
89,100   541,561
Tokyo Electron Ltd.
37,052   9,650,163
Tokyo Gas Co. Ltd.
105,600   2,400,586
Toyota Boshoku Corp.
39,000   664,586
Toyota Industries Corp.
2,300   240,652
Toyota Motor Corp.
156,100   3,945,423
Toyota Tsusho Corp.
17,200   1,181,139
Transcosmos, Inc.*
12,800   261,191
Tsubakimoto Chain Co.
17,100   576,073
Valor Holdings Co. Ltd.
14,100   230,466
Yamato Holdings Co. Ltd.
17,900   257,626
Yokogawa Electric Corp.
31,200   718,516
Yokohama Rubber Co. Ltd. (The)
33,300   898,187
            232,548,614
Jordan — 0.1%
Hikma Pharmaceuticals PLC
63,480   1,535,645
Luxembourg — 0.3%
ArcelorMittal SA
119,172   3,275,696
Eurofins Scientific SE
5,682   361,946
            3,637,642
Macau — 0.1%
Sands China Ltd.*
539,958   1,523,351
Malaysia — 0.0%
CIMB Group Holdings Bhd
487,100   674,756
Mexico — 0.2%
Cemex SAB de CV, UTS*
529,435   477,208
Coca-Cola Femsa SAB de CV, UTS
71,100   690,237
Gruma SAB de CV (Class B Stock)
34,498   645,115
Grupo Financiero Banorte SAB de CV (Class O Stock)
69,000   732,876
Wal-Mart de Mexico SAB de CV
135,864   546,973
            3,092,409
Netherlands — 5.8%
ABN AMRO Bank NV, 144A, CVA
170,827   2,923,234
Adyen NV, 144A*
1,907   3,221,184
Aegon Ltd.
141,101   860,833
ASM International NV
10,861   6,651,304
ASML Holding NV
30,754   29,814,830
ASR Nederland NV
18,914   926,971
BE Semiconductor Industries NV
504   77,202
      Shares   Value
Common Stocks (continued)
Netherlands (cont’d.)
EXOR NV
3,610   $401,744
ING Groep NV
65,944   1,085,655
Koninklijke Ahold Delhaize NV
111,538   3,337,418
Koninklijke KPN NV
1,693,833   6,335,625
NN Group NV
42,238   1,949,921
Pluxee NV*
14,348   424,134
Shell PLC
488,595   16,211,338
Wolters Kluwer NV
17,672   2,767,256
            76,988,649
New Zealand — 0.1%
Fisher & Paykel Healthcare Corp. Ltd.
31,068   475,982
Xero Ltd.*
8,264   717,559
            1,193,541
Norway — 0.7%
DNB Bank ASA
46,131   916,971
Equinor ASA
138,129   3,703,847
Kongsberg Gruppen ASA
6,681   461,309
Mowi ASA
167,646   3,079,441
Orkla ASA
91,346   645,151
            8,806,719
Peru — 0.1%
Credicorp Ltd.
6,046   1,024,374
Philippines — 0.0%
DMCI Holdings, Inc.
3,317,000   670,788
Portugal — 0.1%
Galp Energia SGPS SA
13,800   228,147
NOS SGPS SA
89,225   348,957
Sonae SGPS SA
543,480   515,766
            1,092,870
Qatar — 0.0%
Ooredoo QPSC
217,400   633,074
Singapore — 1.1%
Capitaland India Trust, UTS
402,175   312,733
DBS Group Holdings Ltd.
287,795   7,680,621
Genting Singapore Ltd.
252,900   165,861
Hong Leong Asia Ltd.
171,600   76,896
Jardine Cycle & Carriage Ltd.
40,700   728,718
Keppel Ltd.
40,800   221,709
Oversea-Chinese Banking Corp. Ltd.
379,800   3,794,912
Sea Ltd., ADR*
2,900   155,759
Singapore Airlines Ltd.
54,700   259,251
United Overseas Bank Ltd.
35,000   760,901
            14,157,361
South Africa — 0.3%
Anglo American PLC
17,856   440,022
Aspen Pharmacare Holdings Ltd.
70,920   822,146
AVI Ltd.
85,605   412,834
Gold Fields Ltd.
50,000   802,119
MTN Group Ltd.
172,600   853,987
Nedbank Group Ltd.(a)
45,434   548,142
 
A5
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
South Africa (cont’d.)
Tiger Brands Ltd.
63,411   $671,040
            4,550,290
South Korea — 1.4%
Amorepacific Corp.
4,832   435,062
DB HiTek Co. Ltd.
27,000   880,624
DB Insurance Co. Ltd.
10,401   743,996
Doosan Bobcat, Inc.
44,625   1,790,448
Hana Financial Group, Inc.
7,439   325,663
Industrial Bank of Korea
82,300   853,633
KB Financial Group, Inc.
18,213   951,766
Kia Corp.
25,434   2,113,800
Samsung C&T Corp.
9,800   1,165,409
Samsung Electronics Co. Ltd.
35,360   2,125,048
Samsung Electronics Co. Ltd., GDR
2,684   3,985,025
Samsung Fire & Marine Insurance Co. Ltd.
5,052   1,160,187
Samsung SDS Co. Ltd.
5,400   656,132
Woori Financial Group, Inc.
70,600   765,812
Youngone Corp.
16,300   490,368
            18,442,973
Spain — 2.4%
ACS Actividades de Construccion y Servicios SA
5,408   226,479
Aena SME SA, 144A
3,326   655,068
Amadeus IT Group SA
7,528   483,273
Banco Bilbao Vizcaya Argentaria SA
442,498   5,269,487
Banco Santander SA
711,068   3,473,163
CaixaBank SA(a)
106,060   514,664
Cia de Distribucion Integral Logista Holdings SA
24,408   682,148
Endesa SA
147,475   2,734,401
Iberdrola SA
148,814   1,848,323
Industria de Diseno Textil SA
278,836   14,041,147
Mapfre SA
238,133   602,042
Repsol SA
86,153   1,437,999
            31,968,194
Sweden — 3.0%
Alfa Laval AB
8,580   337,145
Atlas Copco AB (Class A Stock)
450,005   7,599,935
Atlas Copco AB (Class B Stock)
44,361   655,210
Betsson AB (Class B Stock)*
42,223   417,788
Boliden AB
17,978   499,206
Epiroc AB (Class B Stock)
11,020   186,623
Essity AB (Class B Stock)(a)
139,164   3,305,720
Getinge AB (Class B Stock)
6,816   137,090
Industrivarden AB (Class A Stock)
3,575   122,943
Indutrade AB
4,235   115,348
Investor AB (Class B Stock)
106,914   2,682,935
Lifco AB (Class B Stock)
6,192   161,700
Sandvik AB
128,381   2,850,158
Skandinaviska Enskilda Banken AB (Class A Stock)
47,431   642,573
SKF AB (Class B Stock)(a)
46,685   953,066
      Shares   Value
Common Stocks (continued)
Sweden (cont’d.)
Svenska Handelsbanken AB (Class A Stock)(a)
287,796   $2,909,613
Swedbank AB (Class A Stock)(a)
81,567   1,618,921
Swedish Orphan Biovitrum AB*
8,347   208,342
Tele2 AB (Class B Stock)
15,862   130,250
Volvo AB (Class A Stock)
5,460   150,350
Volvo AB (Class B Stock)(a)
495,256   13,422,157
Volvo Car AB (Class B Stock)*
177,162   670,733
            39,777,806
Switzerland — 3.0%
ABB Ltd.
116,635   5,410,733
Adecco Group AG
10,013   396,137
Cie Financiere Richemont SA (Class A Stock)
33,555   5,108,427
Julius Baer Group Ltd.
19,519   1,132,070
Logitech International SA
37,633   3,372,267
Novartis AG
142,036   13,757,385
Sandoz Group AG*
50,351   1,519,883
Schindler Holding AG
656   160,069
Schindler Holding AG (Part. Cert.)
1,160   291,993
Sonova Holding AG
1,431   414,408
UBS Group AG
229,495   7,066,365
Zurich Insurance Group AG
2,992   1,616,322
            40,246,059
Taiwan — 2.1%
Advanced International Multitech Co. Ltd.
251,000   548,224
Alchip Technologies Ltd.
9,977   987,288
ASE Technology Holding Co. Ltd.
388,000   1,883,390
Chicony Electronics Co. Ltd.
211,000   1,459,251
Hon Hai Precision Industry Co. Ltd.
476,000   2,311,958
King Yuan Electronics Co. Ltd.
630,000   2,087,711
MediaTek, Inc.
27,000   978,326
Novatek Microelectronics Corp.
74,000   1,362,324
Pou Chen Corp.
584,000   661,088
Simplo Technology Co. Ltd.
53,000   747,387
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
96,012   13,062,433
United Microelectronics Corp.
754,000   1,224,528
Zhen Ding Technology Holding Ltd.
200,000   781,119
            28,095,027
Thailand — 0.1%
AP Thailand PCL
1,863,300   551,793
Bangkok Bank PCL
150,500   573,795
            1,125,588
Turkey — 0.1%
Haci Omer Sabanci Holding A/S
267,900   687,459
United Arab Emirates — 0.1%
Air Arabia PJSC
826,200   622,699
Emirates NBD Bank PJSC
77,917   367,146
            989,845
 
A6
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Shares   Value
Common Stocks (continued)
United Kingdom — 10.2%
3i Group PLC
315,955   $11,202,947
Ashtead Group PLC
11,837   843,140
Associated British Foods PLC
9,920   312,985
AstraZeneca PLC
75,210   10,103,999
Auto Trader Group PLC, 144A
12,588   111,164
Aviva PLC
394,569   2,475,801
B&M European Value Retail SA
143,468   989,045
BAE Systems PLC
285,453   4,865,669
Barclays PLC
1,009,233   2,339,047
Barratt Developments PLC
28,138   168,887
Bellway PLC
7,100   238,175
Berkeley Group Holdings PLC
24,985   1,501,110
BP PLC
890,595   5,587,085
British American Tobacco PLC
154,982   4,703,873
BT Group PLC
858,124   1,187,610
Centrica PLC
1,728,292   2,786,110
CK Hutchison Holdings Ltd.
187,500   902,372
Coca-Cola Europacific Partners PLC
2,465   172,427
Compass Group PLC
100,972   2,961,777
Computacenter PLC
20,100   683,381
DCC PLC
20,945   1,523,877
Diageo PLC
80,489   2,978,272
Drax Group PLC
60,388   383,156
Dunelm Group PLC
34,752   497,952
Harbour Energy PLC
209,676   730,236
Hargreaves Lansdown PLC
9,060   84,086
HSBC Holdings PLC
635,443   4,967,147
IG Group Holdings PLC
87,660   808,812
Imperial Brands PLC
165,918   3,709,032
Informa PLC
38,706   406,104
InterContinental Hotels Group PLC
46,228   4,803,639
Investec PLC
235,490   1,578,786
J D Wetherspoon PLC*
42,236   391,426
J Sainsbury PLC
294,565   1,005,775
Kingfisher PLC
275,760   867,893
Lloyds Banking Group PLC
8,125,400   5,313,986
London Stock Exchange Group PLC
33,910   4,057,471
M&G PLC
62,396   173,669
Melrose Industries PLC
236,721   2,009,975
Moneysupermarket.com Group PLC
115,743   321,013
NatWest Group PLC
308,422   1,033,011
Next PLC
49,128   5,726,579
Persimmon PLC
43,301   717,952
QinetiQ Group PLC
127,575   587,684
Reckitt Benckiser Group PLC
19,642   1,119,693
Redde Northgate PLC
160,430   771,387
Redrow PLC
74,804   627,352
RELX PLC
119,811   5,189,826
Rolls-Royce Holdings PLC*
1,140,033   6,133,795
Serco Group PLC
274,143   656,376
Smiths Group PLC
9,864   204,466
SSE PLC
106,180   2,213,641
St. James’s Place PLC
43,025   252,414
Taylor Wimpey PLC
1,692,544   2,926,191
Tesco PLC
1,513,309   5,668,058
Unilever PLC
102,875   5,164,514
Vistry Group PLC
52,531   815,674
Vodafone Group PLC
647,013   573,852
      Shares   Value
Common Stocks (continued)
United Kingdom (cont’d.)
Whitbread PLC
99,866   $4,175,192
Wise PLC (Class A Stock)*
19,340   226,072
            135,532,640
United States — 6.3%
BRP, Inc.
8,900   597,582
CRH PLC
19,250   1,661,468
CyberArk Software Ltd.*
12,834   3,409,095
Experian PLC
25,752   1,122,091
Ferguson PLC
19,785   4,328,850
Globant SA*
6,828   1,378,573
GSK PLC
431,355   9,261,364
Holcim AG*
70,617   6,397,673
James Hardie Industries PLC, CDI*
53,876   2,165,460
JBS SA
220,700   942,576
Linde PLC
3,556   1,651,122
Lululemon Athletica, Inc.*(a)
2,360   921,934
Monday.com Ltd.*
11,545   2,607,669
Nestle SA
130,648   13,881,345
Roche Holding AG
31,617   8,072,422
Sanofi SA
80,929   7,873,137
Schneider Electric SE
22,983   5,195,915
Stellantis NV (SGMX)
51,207   1,453,101
Stellantis NV (BATE)
341,030   9,688,336
Swiss Re AG
13,940   1,793,171
            84,402,884
 
Total Common Stocks

(cost $1,035,632,288)
  1,248,042,595
Preferred Stocks — 0.4%
Brazil — 0.1%
Gerdau SA (PRFC)
101,210   447,993
Itausa SA (PRFC)
342,615   716,599
            1,164,592
Germany — 0.3%
Bayerische Motoren Werke AG (PRFC)
1,602   171,899
Dr. Ing. h.c. F. Porsche AG (PRFC), 144A
6,527   649,162
Henkel AG & Co. KGaA (PRFC)
42,274   3,397,817
Volkswagen AG (PRFC)
1,976   262,065
            4,480,943
 
Total Preferred Stocks

(cost $5,495,880)
  5,645,535
Unaffiliated Exchange-Traded Funds — 3.7%
United States
iShares Core MSCI EAFE ETF
354,589   26,317,595
iShares MSCI EAFE ETF(a)
131,673   10,515,406
iShares MSCI EAFE Growth ETF
55,278   5,737,304
iShares MSCI EAFE Value ETF
120,404   6,549,978
 
Total Unaffiliated Exchange-Traded Funds

(cost $44,715,776)
  49,120,283
    
 
A7
AST INTERNATIONAL EQUITY PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2024 (unaudited)
      Units   Value
Warrants* — 0.0%
Australia — 0.0%
Boart Longyear Group Ltd., expiring 09/13/24
555   $—
Canada — 0.0%
Constellation Software, Inc., expiring 03/31/40^
673   2,241
 
Total Warrants

(cost $0)
  2,241
 
Total Long-Term Investments

(cost $1,085,843,944)
  1,302,810,654
    
      Shares  
Short-Term Investments — 3.6%
Affiliated Mutual Funds — 3.6%
PGIM Core Government Money Market Fund (7-day effective yield 5.552%)(wb)
12,633,439 12,633,439
PGIM Institutional Money Market Fund (7-day effective yield 5.664%)

(cost $34,838,294; includes $34,715,793 of cash collateral for securities on loan)(b)(wb)
34,853,572 34,836,145
 
Total Affiliated Mutual Funds

(cost $47,471,733)
47,469,584
    
Interest
Rate 		  Maturity
Date 		  Principal
Amount
(000)# 		 
U.S. Treasury Obligation(k)(n) — 0.0%
U.S. Treasury Bills
5.270%   06/20/24     500 494,204
(cost $494,230)      
 
Total Short-Term Investments

(cost $47,965,963)
  47,963,788
 
TOTAL INVESTMENTS—101.5%
(cost $1,133,809,907) 		  1,350,774,442
 
Liabilities in excess of other assets(z) — (1.5)%   (19,925,843)
 
Net Assets — 100.0%   $1,330,848,599
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
144A Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
ADR American Depositary Receipt
BATE CBOE- Europe – BXE Order Books
CDI Chess Depository Interest
CVA Certificate Van Aandelen (Bearer)
EAFE Europe, Australasia, Far East
ETF Exchange-Traded Fund
GDR Global Depositary Receipt
MSCI Morgan Stanley Capital International
PJSC Public Joint-Stock Company
PRFC Preference Shares
REITs Real Estate Investment Trust
SGMX Sigma X MTF
UTS Unit Trust Security
XASX Australian Stock Exchange
    
* Non-income producing security.
# Principal amount is shown in U.S. dollars unless otherwise stated.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $2,241 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 $31,848,592; cash collateral of $34,715,793 (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.
(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.
(wb) Represents an investment in a Fund 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, 2024:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Position:
60   Mini MSCI EAFE Index   Jun. 2024   $7,071,300   $87,061
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).
A8