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AST MFS GROWTH ALLOCATION
PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 88.2% | ||||||
Common Stocks — 69.9% | ||||||
Aerospace & Defense — 1.0% | ||||||
BAE Systems PLC (United Kingdom) | 31,605 | $298,259 | ||||
Dassault Aviation SA (France) | 2,244 | 355,311 | ||||
General Dynamics Corp. | 3,158 | 761,646 | ||||
Howmet Aerospace, Inc. | 58,930 | 2,117,944 | ||||
L3Harris Technologies, Inc. | 4,825 | 1,198,868 | ||||
Lockheed Martin Corp. | 1,236 | 545,570 | ||||
MTU Aero Engines AG (Germany) | 2,044 | 474,396 | ||||
Northrop Grumman Corp. | 6,882 | 3,077,768 | ||||
Raytheon Technologies Corp. | 15,138 | 1,499,722 | ||||
Rolls-Royce Holdings PLC (United Kingdom)* | 275,460 | 365,354 | ||||
Safran SA (France) | 2,311 | 272,066 | ||||
10,966,904 | ||||||
Airlines — 0.2% | ||||||
Alaska Air Group, Inc.* | 7,888 | 457,583 | ||||
Delta Air Lines, Inc.* | 13,304 | 526,439 | ||||
JetBlue Airways Corp.* | 34,789 | 520,096 | ||||
Ryanair Holdings PLC (Ireland), ADR* | 8,111 | 706,630 | ||||
2,210,748 | ||||||
Auto Components — 0.4% | ||||||
Aptiv PLC* | 8,150 | 975,637 | ||||
Bridgestone Corp. (Japan) | 7,800 | 301,822 | ||||
Cie Generale des Etablissements Michelin SCA (France) | 1,544 | 209,071 | ||||
Continental AG (Germany)* | 9,688 | 694,898 | ||||
Koito Manufacturing Co. Ltd. (Japan) | 24,200 | 974,492 | ||||
Lear Corp. | 3,959 | 564,514 | ||||
Magna International, Inc. (Canada) | 2,925 | 188,107 | ||||
Stoneridge, Inc.* | 5,140 | 106,706 | ||||
Visteon Corp.* | 5,856 | 639,065 | ||||
Vitesco Technologies Group AG (Germany)* | 1,001 | 39,560 | ||||
4,693,872 | ||||||
Automobiles — 0.1% | ||||||
Hero MotoCorp Ltd. (India) | 8,952 | 270,340 | ||||
Mahindra & Mahindra Ltd. (India) | 54,082 | 574,107 | ||||
844,447 | ||||||
Banks — 3.5% | ||||||
AIB Group PLC (Ireland)(a) | 151,898 | 336,679 | ||||
Bank of Hawaii Corp.(a) | 5,006 | 420,104 | ||||
Bank of Ireland Group PLC (Ireland)* | 87,756 | 557,264 | ||||
Barclays PLC (United Kingdom) | 637,725 | 1,238,967 | ||||
BNP Paribas SA (France) | 36,869 | 2,103,864 | ||||
Brookline Bancorp, Inc. | 22,734 | 359,652 | ||||
Cathay General Bancorp | 11,529 | 515,923 | ||||
China Construction Bank Corp. (China) (Class H Stock) | 603,000 | 450,936 | ||||
Citigroup, Inc. | 27,002 | 1,441,907 | ||||
Comerica, Inc. | 7,957 | 719,552 | ||||
Credicorp Ltd. (Peru)(a) | 7,348 | 1,262,901 | ||||
DBS Group Holdings Ltd. (Singapore) | 27,500 | 722,044 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Banks (cont’d.) | ||||||
E.Sun Financial Holding Co. Ltd. (Taiwan) | 61,099 | $70,235 | ||||
East West Bancorp, Inc. | 11,039 | 872,302 | ||||
Emirates NBD Bank PJSC (United Arab Emirates) | 50,451 | 205,306 | ||||
Erste Group Bank AG (Austria) | 5,972 | 217,322 | ||||
First Hawaiian, Inc. | 14,806 | 412,939 | ||||
First Interstate BancSystem, Inc. (Class A Stock) | 19,648 | 722,457 | ||||
Grupo Financiero Banorte SAB de CV (Mexico) (Class O Stock) | 39,014 | 293,870 | ||||
Grupo Financiero Inbursa SAB de CV (Mexico) (Class O Stock)* | 148,058 | 309,664 | ||||
Hanmi Financial Corp. | 11,664 | 287,051 | ||||
HDFC Bank Ltd. (India) | 129,407 | 2,498,898 | ||||
JPMorgan Chase & Co. | 37,609 | 5,126,859 | ||||
KBC Group NV (Belgium) | 5,984 | 430,039 | ||||
KeyCorp | 35,781 | 800,779 | ||||
Komercni Banka A/S (Czech Republic) | 6,736 | 260,236 | ||||
Lakeland Financial Corp. | 314 | 22,922 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | 237,600 | 1,461,931 | ||||
NatWest Group PLC (United Kingdom) | 659,338 | 1,858,383 | ||||
PNC Financial Services Group, Inc. (The) | 9,814 | 1,810,192 | ||||
Prosperity Bancshares, Inc.(a) | 19,634 | 1,362,207 | ||||
Resona Holdings, Inc. (Japan) | 59,000 | 251,469 | ||||
Sandy Spring Bancorp, Inc. | 5,168 | 232,147 | ||||
Sberbank of Russia PJSC (Russia)^ | 282,099 | 28 | ||||
Signature Bank | 3,079 | 903,656 | ||||
SVB Financial Group* | 1,058 | 591,898 | ||||
Texas Capital Bancshares, Inc.* | 3,816 | 218,695 | ||||
Tisco Financial Group PCL (Thailand) | 135,600 | 408,950 | ||||
Toronto-Dominion Bank (The) (Canada) | 18,419 | 1,461,409 | ||||
Truist Financial Corp. | 23,556 | 1,335,625 | ||||
U.S. Bancorp | 12,381 | 658,050 | ||||
UMB Financial Corp. | 4,605 | 447,422 | ||||
Umpqua Holdings Corp. | 59,558 | 1,123,264 | ||||
United Community Banks, Inc. | 7,583 | 263,888 | ||||
Wintrust Financial Corp. | 8,108 | 753,476 | ||||
Zions Bancorp NA | 19,870 | 1,302,677 | ||||
39,106,039 | ||||||
Beverages — 0.9% | ||||||
Ambev SA (Brazil), ADR(a) | 105,004 | 339,163 | ||||
China Resources Beer Holdings Co. Ltd. (China) | 82,000 | 499,609 | ||||
Coca-Cola Europacific Partners PLC (United Kingdom) | 10,838 | 526,835 | ||||
Constellation Brands, Inc. (Class A Stock) | 1,193 | 274,772 | ||||
Diageo PLC (United Kingdom) | 91,403 | 4,627,643 | ||||
Duckhorn Portfolio, Inc. (The)* | 13,649 | 248,275 | ||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. (China) (Class A Stock) | 7,400 | 156,639 | ||||
Kirin Holdings Co. Ltd. (Japan) | 19,700 | 294,383 |
A1
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Beverages (cont’d.) | ||||||
Kweichow Moutai Co. Ltd. (China) (Class A Stock) | 2,200 | $591,418 | ||||
PepsiCo, Inc. | 10,968 | 1,835,824 | ||||
Pernod Ricard SA (France) | 4,139 | 908,667 | ||||
10,303,228 | ||||||
Biotechnology — 0.3% | ||||||
Abcam PLC (United Kingdom)* | 15,349 | 277,332 | ||||
Allovir, Inc.* | 6,289 | 42,451 | ||||
Alnylam Pharmaceuticals, Inc.* | 1,613 | 263,387 | ||||
Annexon, Inc.* | 6,063 | 16,552 | ||||
Ascendis Pharma A/S (Denmark), ADR*(a) | 4,360 | 511,690 | ||||
BioAtla, Inc.* | 4,002 | 20,010 | ||||
Bioxcel Therapeutics, Inc.* | 3,441 | 71,951 | ||||
Burning Rock Biotech Ltd. (China), ADR* | 10,366 | 96,300 | ||||
Hugel, Inc. (South Korea)* | 2,687 | 307,530 | ||||
Immunocore Holdings PLC (United Kingdom), ADR* | 2,765 | 82,673 | ||||
Lyell Immunopharma, Inc.*(a) | 8,076 | 40,784 | ||||
Neurocrine Biosciences, Inc.* | 1,731 | 162,281 | ||||
Prelude Therapeutics, Inc.* | 3,863 | 26,655 | ||||
Recursion Pharmaceuticals, Inc. (Class A Stock)*(a) | 10,671 | 76,404 | ||||
Sana Biotechnology, Inc.*(a) | 6,156 | 50,849 | ||||
SpringWorks Therapeutics, Inc.* | 3,277 | 184,954 | ||||
Turning Point Therapeutics, Inc.* | 2,914 | 78,241 | ||||
Twist Bioscience Corp.* | 2,154 | 106,364 | ||||
Vertex Pharmaceuticals, Inc.* | 5,343 | 1,394,363 | ||||
3,810,771 | ||||||
Building Products — 1.1% | ||||||
Advanced Drainage Systems, Inc. | 3,055 | 362,965 | ||||
Armstrong World Industries, Inc. | 3,963 | 356,710 | ||||
Assa Abloy AB (Sweden) (Class B Stock) | 19,396 | 523,985 | ||||
AZEK Co., Inc. (The)* | 46,142 | 1,146,167 | ||||
Builders FirstSource, Inc.* | 18,725 | 1,208,512 | ||||
Daikin Industries Ltd. (Japan) | 6,200 | 1,127,664 | ||||
Fortune Brands Home & Security, Inc. | 6,968 | 517,583 | ||||
Johnson Controls International PLC | 56,957 | 3,734,670 | ||||
Masco Corp. | 31,727 | 1,618,077 | ||||
Trane Technologies PLC | 7,164 | 1,093,943 | ||||
Trex Co., Inc.* | 2,327 | 152,023 | ||||
11,842,299 | ||||||
Capital Markets — 3.2% | ||||||
B3 SA - Brasil Bolsa Balcao (Brazil) | 168,600 | 555,620 | ||||
BlackRock, Inc. | 2,260 | 1,727,024 | ||||
Brookfield Asset Management, Inc. (Canada) (Class A Stock) | 8,619 | 487,294 | ||||
Cboe Global Markets, Inc. | 4,920 | 562,946 | ||||
Charles Schwab Corp. (The) | 27,611 | 2,327,883 | ||||
CME Group, Inc. | 6,779 | 1,612,453 | ||||
Deutsche Boerse AG (Germany) | 6,988 | 1,254,249 | ||||
Euronext NV (Netherlands), 144A | 7,450 | 677,405 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Capital Markets (cont’d.) | ||||||
Focus Financial Partners, Inc. (Class A Stock)* | 8,193 | $374,748 | ||||
GCM Grosvenor, Inc. (Class A Stock) | 23,854 | 231,622 | ||||
Goldman Sachs Group, Inc. (The) | 3,736 | 1,233,254 | ||||
Hamilton Lane, Inc. (Class A Stock) | 6,462 | 499,448 | ||||
Hong Kong Exchanges & Clearing Ltd. (Hong Kong) | 12,200 | 572,534 | ||||
IG Group Holdings PLC (United Kingdom) | 39,518 | 423,189 | ||||
Invesco Ltd. | 20,226 | 466,412 | ||||
Julius Baer Group Ltd. (Switzerland) | 14,124 | 817,655 | ||||
KKR & Co., Inc. | 11,044 | 645,743 | ||||
London Stock Exchange Group PLC (United Kingdom) | 10,323 | 1,083,262 | ||||
Macquarie Group Ltd. (Australia) | 4,031 | 606,519 | ||||
Moody’s Corp. | 2,515 | 848,586 | ||||
Morgan Stanley | 30,281 | 2,646,559 | ||||
Morningstar, Inc. | 2,104 | 574,750 | ||||
Moscow Exchange MICEX-RTS PJSC (Russia)^ | 371,331 | 1 | ||||
MSCI, Inc. | 8,814 | 4,432,384 | ||||
Nasdaq, Inc. | 19,574 | 3,488,087 | ||||
Northern Trust Corp. | 9,261 | 1,078,443 | ||||
Open Lending Corp. (Class A Stock)* | 21,175 | 400,419 | ||||
Raymond James Financial, Inc. | 9,694 | 1,065,468 | ||||
S&P Global, Inc. | 684 | 280,563 | ||||
St. James’s Place PLC (United Kingdom) | 40,104 | 759,221 | ||||
State Street Corp. | 6,668 | 580,916 | ||||
TPG, Inc.*(a) | 13,625 | 410,658 | ||||
Tradeweb Markets, Inc. (Class A Stock) | 8,502 | 747,071 | ||||
UBS Group AG (Switzerland) | 118,658 | 2,317,392 | ||||
WisdomTree Investments, Inc.(a) | 57,907 | 339,914 | ||||
36,129,692 | ||||||
Chemicals — 2.5% | ||||||
Air Liquide SA (France) | 4,726 | 826,535 | ||||
Air Products & Chemicals, Inc. | 2,126 | 531,309 | ||||
Akzo Nobel NV (Netherlands) | 10,511 | 906,626 | ||||
Ashland Global Holdings, Inc.(a) | 6,908 | 679,816 | ||||
Avient Corp. | 8,691 | 417,168 | ||||
Axalta Coating Systems Ltd.* | 64,705 | 1,590,449 | ||||
Celanese Corp. | 5,003 | 714,779 | ||||
Corteva, Inc. | 17,510 | 1,006,475 | ||||
Croda International PLC (United Kingdom) | 6,333 | 656,005 | ||||
Diversey Holdings Ltd.*(a) | 47,999 | 363,352 | ||||
DuPont de Nemours, Inc. | 36,259 | 2,667,937 | ||||
Eastman Chemical Co. | 9,307 | 1,042,942 | ||||
Element Solutions, Inc. | 43,661 | 956,176 | ||||
FMC Corp. | 4,032 | 530,490 | ||||
Ingevity Corp.* | 6,047 | 387,431 | ||||
International Flavors & Fragrances, Inc. | 6,446 | 846,553 | ||||
Kansai Paint Co. Ltd. (Japan) | 12,200 | 195,946 | ||||
Linde PLC (United Kingdom) | 11,797 | 3,767,497 | ||||
Nitto Denko Corp. (Japan) | 15,000 | 1,075,630 | ||||
PPG Industries, Inc. | 12,113 | 1,587,651 | ||||
PTT Global Chemical PCL (Thailand) | 200,200 | 304,052 |
A2
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Chemicals (cont’d.) | ||||||
Scotts Miracle-Gro Co. (The)(a) | 4,060 | $499,218 | ||||
Sherwin-Williams Co. (The) | 12,587 | 3,141,967 | ||||
Sika AG (Switzerland) | 3,413 | 1,128,627 | ||||
Symrise AG (Germany) | 8,455 | 1,014,327 | ||||
UPL Ltd. (India) | 95,680 | 969,781 | ||||
27,808,739 | ||||||
Commercial Services & Supplies — 0.6% | ||||||
ACV Auctions, Inc. (Class A Stock)* | 30,263 | 448,195 | ||||
Boyd Group Services, Inc. (Canada) | 1,820 | 241,041 | ||||
Copart, Inc.* | 9,339 | 1,171,764 | ||||
GFL Environmental, Inc. (Canada) | 23,464 | 763,519 | ||||
Republic Services, Inc. | 5,927 | 785,328 | ||||
Ritchie Bros. Auctioneers, Inc. (Canada) (NYSE)(a) | 8,015 | 473,125 | ||||
Ritchie Bros. Auctioneers, Inc. (Canada) (XTSE) | 14,845 | 876,819 | ||||
Secom Co. Ltd. (Japan) | 6,300 | 456,864 | ||||
Waste Connections, Inc. | 9,886 | 1,381,074 | ||||
6,597,729 | ||||||
Communications Equipment — 0.1% | ||||||
Motorola Solutions, Inc. | 3,840 | 930,048 | ||||
Telefonaktiebolaget LM Ericsson (Sweden) (Class B Stock) | 32,601 | 297,150 | ||||
VTech Holdings Ltd. (Hong Kong) | 29,900 | 217,318 | ||||
1,444,516 | ||||||
Construction & Engineering — 0.1% | ||||||
API Group Corp.* | 11,181 | 235,136 | ||||
Quanta Services, Inc. | 4,004 | 526,967 | ||||
762,103 | ||||||
Construction Materials — 0.4% | ||||||
Vulcan Materials Co. | 22,684 | 4,167,051 | ||||
Consumer Finance — 0.5% | ||||||
AEON Financial Service Co. Ltd. (Japan) | 14,500 | 142,706 | ||||
American Express Co. | 14,148 | 2,645,676 | ||||
Discover Financial Services | 6,799 | 749,182 | ||||
Encore Capital Group, Inc.*(a) | 4,825 | 302,672 | ||||
Muthoot Finance Ltd. (India) | 4,696 | 82,311 | ||||
SLM Corp. | 76,577 | 1,405,954 | ||||
5,328,501 | ||||||
Containers & Packaging — 0.5% | ||||||
Ardagh Metal Packaging SA*(a) | 38,252 | 310,989 | ||||
Ball Corp. | 10,682 | 961,380 | ||||
Berry Global Group, Inc.* | 19,165 | 1,110,803 | ||||
Crown Holdings, Inc. | 6,420 | 803,078 | ||||
Graphic Packaging Holding Co. | 60,240 | 1,207,210 | ||||
Pactiv Evergreen, Inc. | 19,254 | 193,695 | ||||
Silgan Holdings, Inc. | 8,539 | 394,758 | ||||
TriMas Corp. | 11,133 | 357,258 | ||||
Westrock Co. | 13,977 | 657,338 | ||||
5,996,509 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Distributors — 0.3% | ||||||
Funko, Inc. (Class A Stock)* | 9,190 | $158,528 | ||||
LKQ Corp. | 46,642 | 2,118,013 | ||||
Pool Corp. | 3,724 | 1,574,693 | ||||
3,851,234 | ||||||
Diversified Consumer Services — 0.3% | ||||||
Bright Horizons Family Solutions, Inc.* | 16,652 | 2,209,554 | ||||
European Wax Center, Inc. (Class A Stock)* | 4,762 | 140,765 | ||||
Grand Canyon Education, Inc.*(a) | 9,155 | 889,042 | ||||
New Oriental Education & Technology Group, Inc. (China), ADR* | 29,892 | 34,376 | ||||
3,273,737 | ||||||
Diversified Financial Services — 0.3% | ||||||
Altimeter Growth Corp. 2 (Class A Stock)* | 14,555 | 142,930 | ||||
Apollo Global Management, Inc. | 17,098 | 1,059,905 | ||||
Catalyst Partners Acquisition Corp., UTS* | 10,096 | 101,970 | ||||
Dragoneer Growth Opportunities Corp.* | 3,396 | 37,492 | ||||
Element Fleet Management Corp. (Canada) | 115,089 | 1,113,928 | ||||
Equitable Holdings, Inc. | 28,639 | 885,231 | ||||
Voya Financial, Inc.(a) | 6,970 | 462,459 | ||||
3,803,915 | ||||||
Diversified Telecommunication Services — 0.3% | ||||||
Cellnex Telecom SA (Spain), 144A | 28,006 | 1,346,313 | ||||
Helios Towers PLC (Tanzania)*(a) | 434,365 | 657,683 | ||||
Hellenic Telecommunications Organization SA (Greece) | 44,161 | 799,035 | ||||
Telkom Indonesia Persero Tbk PT (Indonesia) | 920,900 | 292,799 | ||||
3,095,830 | ||||||
Electric Utilities — 1.2% | ||||||
American Electric Power Co., Inc. | 11,421 | 1,139,473 | ||||
CLP Holdings Ltd. (Hong Kong) | 31,000 | 302,013 | ||||
Duke Energy Corp. | 26,719 | 2,983,444 | ||||
Edison International | 8,032 | 563,043 | ||||
Eversource Energy | 7,992 | 704,814 | ||||
Iberdrola SA (Spain) | 154,754 | 1,690,644 | ||||
NextEra Energy, Inc. | 4,252 | 360,187 | ||||
Orsted A/S (Denmark), 144A | 2,005 | 252,183 | ||||
PG&E Corp.* | 100,639 | 1,201,630 | ||||
Pinnacle West Capital Corp.(a) | 9,745 | 761,084 | ||||
Portland General Electric Co. | 9,469 | 522,215 | ||||
Southern Co. (The) | 33,288 | 2,413,713 | ||||
Xcel Energy, Inc. | 8,094 | 584,144 | ||||
13,478,587 | ||||||
Electrical Equipment — 1.3% | ||||||
AMETEK, Inc. | 23,744 | 3,162,226 | ||||
Eaton Corp. PLC | 19,251 | 2,921,532 | ||||
Generac Holdings, Inc.* | 288 | 85,611 |
A3
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electrical Equipment (cont’d.) | ||||||
Legrand SA (France) | 6,721 | $638,849 | ||||
nVent Electric PLC | 11,330 | 394,058 | ||||
Prysmian SpA (Italy) | 14,295 | 485,924 | ||||
Regal Rexnord Corp. | 7,649 | 1,138,018 | ||||
Schneider Electric SE | 25,278 | 4,244,195 | ||||
Sensata Technologies Holding PLC* | 23,872 | 1,213,891 | ||||
Shoals Technologies Group, Inc. (Class A Stock)*(a) | 14,998 | 255,566 | ||||
Vertiv Holdings Co. | 17,350 | 242,900 | ||||
14,782,770 | ||||||
Electronic Equipment, Instruments & Components — 0.7% | ||||||
Advanced Energy Industries, Inc. | 6,230 | 536,278 | ||||
Corning, Inc. | 18,314 | 675,970 | ||||
Delta Electronics, Inc. (Taiwan) | 78,000 | 728,090 | ||||
Hon Hai Precision Industry Co. Ltd. (Taiwan) | 157,000 | 578,408 | ||||
Kyocera Corp. (Japan) | 11,400 | 638,831 | ||||
Littelfuse, Inc. | 3,979 | 992,402 | ||||
Methode Electronics, Inc. | 15,484 | 669,683 | ||||
Plexus Corp.* | 5,546 | 453,718 | ||||
Softchoice Corp. (Canada) | 16,709 | 377,712 | ||||
TE Connectivity Ltd. (Switzerland) | 7,098 | 929,696 | ||||
Yokogawa Electric Corp. (Japan) | 13,100 | 223,685 | ||||
Zebra Technologies Corp. (Class A Stock)* | 2,081 | 860,910 | ||||
7,665,383 | ||||||
Energy Equipment & Services — 0.1% | ||||||
ChampionX Corp.* | 20,316 | 497,335 | ||||
Expro Group Holdings NV*(a) | 17,365 | 308,750 | ||||
Halliburton Co. | 15,094 | 571,610 | ||||
Helmerich & Payne, Inc. | 4,845 | 207,269 | ||||
1,584,964 | ||||||
Entertainment — 0.7% | ||||||
Activision Blizzard, Inc. | 5,945 | 476,254 | ||||
Electronic Arts, Inc. | 16,829 | 2,129,037 | ||||
IMAX Corp.* | 13,232 | 250,482 | ||||
Kingsoft Corp. Ltd. (China) | 38,200 | 121,925 | ||||
Manchester United PLC (United Kingdom) (Class A Stock)(a) | 25,975 | 375,858 | ||||
NetEase, Inc. (China), ADR | 13,225 | 1,186,150 | ||||
Netflix, Inc.* | 3,054 | 1,143,998 | ||||
Nintendo Co. Ltd. (Japan) | 400 | 201,387 | ||||
ROBLOX Corp. (Class A Stock)*(a) | 6,381 | 295,057 | ||||
Take-Two Interactive Software, Inc.*(a) | 8,574 | 1,318,167 | ||||
Warner Music Group Corp. (Class A Stock) | 13,001 | 492,088 | ||||
7,990,403 | ||||||
Equity Real Estate Investment Trusts (REITs) — 5.3% | ||||||
Advance Residence Investment Corp. (Japan) | 263 | 744,735 | ||||
Alexandria Real Estate Equities, Inc.(a) | 5,547 | 1,116,334 | ||||
Allied Properties Real Estate Investment Trust (Canada) | 11,594 | 432,451 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Equity Real Estate Investment Trusts (REITs) (cont’d.) | ||||||
American Homes 4 Rent (Class A Stock) | 40,641 | $1,626,859 | ||||
American Tower Corp. | 5,853 | 1,470,391 | ||||
AvalonBay Communities, Inc. | 6,432 | 1,597,516 | ||||
Big Yellow Group PLC (United Kingdom) | 62,386 | 1,265,681 | ||||
Boston Properties, Inc. | 8,811 | 1,134,857 | ||||
Brixmor Property Group, Inc. | 76,770 | 1,981,434 | ||||
Broadstone Net Lease, Inc.(a) | 17,505 | 381,259 | ||||
Douglas Emmett, Inc. | 21,805 | 728,723 | ||||
Embassy Office Parks REIT (India) | 105,372 | 516,423 | ||||
Empire State Realty Trust, Inc. (Class A Stock)(a) | 29,403 | 288,737 | ||||
Equinix, Inc. | 3,733 | 2,768,467 | ||||
Equity LifeStyle Properties, Inc. | 17,471 | 1,336,182 | ||||
Extra Space Storage, Inc. | 18,153 | 3,732,257 | ||||
Fibra Uno Administracion SA de CV (Mexico) | 416,570 | 487,988 | ||||
Goodman Group (Australia) | 92,325 | 1,567,360 | ||||
Granite Real Estate Investment Trust (Canada) | 14,352 | 1,106,464 | ||||
Host Hotels & Resorts, Inc.(a) | 94,796 | 1,841,886 | ||||
Industrial Logistics Properties Trust(a) | 15,312 | 347,123 | ||||
Innovative Industrial Properties, Inc. | 1,562 | 320,835 | ||||
Japan Logistics Fund, Inc. (Japan) | 233 | 608,377 | ||||
Life Storage, Inc. | 10,426 | 1,464,123 | ||||
LXP Industrial Trust | 11,288 | 177,222 | ||||
Mapletree Logistics Trust (Singapore) | 294,418 | 400,529 | ||||
Mid-America Apartment Communities, Inc. | 11,308 | 2,368,461 | ||||
National Retail Properties, Inc. | 20,177 | 906,754 | ||||
National Storage Affiliates Trust | 4,508 | 282,922 | ||||
National Storage REIT (Australia) | 497,578 | 1,000,443 | ||||
Parkway Life Real Estate Investment Trust (Singapore) | 28,200 | 97,628 | ||||
Phillips Edison & Co., Inc.(a) | 39,990 | 1,375,256 | ||||
Prologis, Inc. | 27,736 | 4,478,809 | ||||
Public Storage | 1,499 | 585,030 | ||||
Rayonier, Inc. | 29,766 | 1,223,978 | ||||
Rural Funds Group (Australia) | 28,844 | 63,045 | ||||
SBA Communications Corp. | 4,971 | 1,710,521 | ||||
Shaftesbury PLC (United Kingdom) | 122,955 | 996,282 | ||||
Simon Property Group, Inc. | 13,721 | 1,805,135 | ||||
Spirit Realty Capital, Inc. | 8,161 | 375,569 | ||||
STAG Industrial, Inc. | 40,023 | 1,654,951 | ||||
Star Asia Investment Corp. (Japan) | 634 | 322,455 | ||||
STORE Capital Corp. | 16,902 | 494,045 | ||||
Sun Communities, Inc.(a) | 12,369 | 2,168,162 | ||||
UNITE Group PLC (The) (United Kingdom) | 28,045 | 425,228 | ||||
Urban Edge Properties(a) | 43,310 | 827,221 | ||||
VICI Properties, Inc. | 69,794 | 1,986,337 | ||||
Warehouses De Pauw CVA (Belgium) | 28,892 | 1,250,084 | ||||
Welltower, Inc. | 13,998 | 1,345,768 | ||||
Weyerhaeuser Co. | 27,006 | 1,023,527 | ||||
WP Carey, Inc. | 8,072 | 652,541 | ||||
58,864,365 |
A4
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Food & Staples Retailing — 0.3% | ||||||
Albertson’s Cos., Inc. (Class A Stock)(a) | 24,703 | $821,375 | ||||
BIM Birlesik Magazalar A/S (Turkey) | 58,572 | 337,672 | ||||
Ocado Group PLC (United Kingdom)* | 10,152 | 155,626 | ||||
Performance Food Group Co.*(a) | 8,415 | 428,408 | ||||
Sugi Holdings Co. Ltd. (Japan) | 6,600 | 327,093 | ||||
Tesco PLC (United Kingdom) | 150,581 | 545,057 | ||||
Wal-Mart de Mexico SAB de CV (Mexico) | 179,319 | 734,856 | ||||
Walmart, Inc. | 2,177 | 324,199 | ||||
3,674,286 | ||||||
Food Products — 1.1% | ||||||
Archer-Daniels-Midland Co. | 5,356 | 483,432 | ||||
Danone SA (France) | 12,327 | 681,689 | ||||
Gruma SAB de CV (Mexico) (Class B Stock) | 31,813 | 398,886 | ||||
Hostess Brands, Inc.* | 21,465 | 470,942 | ||||
Ingredion, Inc.(a) | 7,184 | 626,086 | ||||
Inner Mongolia Yili Industrial Group Co. Ltd. (China) (Class A Stock) | 97,400 | 563,041 | ||||
J.M. Smucker Co. (The) | 4,358 | 590,117 | ||||
Kellogg Co.(a) | 10,101 | 651,413 | ||||
Mondelez International, Inc. (Class A Stock) | 5,666 | 355,711 | ||||
Nestle SA (Switzerland) | 49,390 | 6,412,644 | ||||
Nomad Foods Ltd. (United Kingdom)*(a) | 19,582 | 442,162 | ||||
Oatly Group AB, ADR*(a) | 33,810 | 169,388 | ||||
Orion Corp. (South Korea) | 5,550 | 404,893 | ||||
Tingyi Cayman Islands Holding Corp. (China) | 144,000 | 242,163 | ||||
12,492,567 | ||||||
Gas Utilities — 0.2% | ||||||
APA Group (Australia) | 27,457 | 218,032 | ||||
Atmos Energy Corp.(a) | 3,343 | 399,455 | ||||
China Resources Gas Group Ltd. (China) | 275,000 | 1,161,491 | ||||
New Jersey Resources Corp. | 9,551 | 438,009 | ||||
ONE Gas, Inc.(a) | 4,146 | 365,843 | ||||
2,582,830 | ||||||
Health Care Equipment & Supplies — 2.0% | ||||||
Abbott Laboratories | 30,013 | 3,552,339 | ||||
Alcon, Inc. (Switzerland) | 1,812 | 143,533 | ||||
Align Technology, Inc.* | 1,745 | 760,820 | ||||
Becton, Dickinson & Co. | 3,368 | 895,888 | ||||
Boston Scientific Corp.* | 72,903 | 3,228,874 | ||||
ConvaTec Group PLC (United Kingdom), 144A | 104,779 | 296,607 | ||||
CryoPort, Inc.* | 7,257 | 253,342 | ||||
DENTSPLY SIRONA, Inc. | 15,565 | 766,109 | ||||
Edwards Lifesciences Corp.* | 8,828 | 1,039,232 | ||||
Envista Holdings Corp.*(a) | 41,261 | 2,009,823 | ||||
Hologic, Inc.* | 6,189 | 475,439 | ||||
IDEXX Laboratories, Inc.* | 1,539 | 841,925 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Equipment & Supplies (cont’d.) | ||||||
Koninklijke Philips NV (Netherlands) | 16,164 | $493,216 | ||||
Medtronic PLC | 23,299 | 2,585,024 | ||||
Nevro Corp.* | 1,872 | 135,402 | ||||
Outset Medical, Inc.* | 3,858 | 175,153 | ||||
PROCEPT BioRobotics Corp.*(a) | 6,325 | 221,312 | ||||
Silk Road Medical, Inc.* | 2,960 | 122,219 | ||||
STERIS PLC | 13,177 | 3,185,803 | ||||
Terumo Corp. (Japan) | 22,000 | 667,768 | ||||
Zimmer Biomet Holdings, Inc.(a) | 5,807 | 742,715 | ||||
22,592,543 | ||||||
Health Care Providers & Services — 0.9% | ||||||
Agiliti, Inc.* | 11,935 | 251,829 | ||||
AmerisourceBergen Corp. | 5,851 | 905,208 | ||||
Cigna Corp. | 12,304 | 2,948,162 | ||||
Encompass Health Corp. | 9,231 | 656,416 | ||||
Guardant Health, Inc.* | 6,690 | 443,146 | ||||
HealthEquity, Inc.*(a) | 5,642 | 380,497 | ||||
Humana, Inc. | 601 | 261,537 | ||||
Laboratory Corp. of America Holdings* | 2,790 | 735,611 | ||||
McKesson Corp. | 6,400 | 1,959,232 | ||||
Premier, Inc. (Class A Stock) | 9,797 | 348,675 | ||||
Quest Diagnostics, Inc.(a) | 4,770 | 652,822 | ||||
Universal Health Services, Inc. (Class B Stock) | 5,476 | 793,746 | ||||
10,336,881 | ||||||
Health Care Technology — 0.1% | ||||||
Certara, Inc.* | 21,114 | 453,529 | ||||
Definitive Healthcare Corp.* | 7,395 | 182,287 | ||||
635,816 | ||||||
Hotels, Restaurants & Leisure — 1.4% | ||||||
Aramark | 19,022 | 715,227 | ||||
Caesars Entertainment, Inc.* | 8,485 | 656,400 | ||||
Chipotle Mexican Grill, Inc.* | 1,228 | 1,942,733 | ||||
Domino’s Pizza, Inc. | 2,146 | 873,443 | ||||
Dutch Bros, Inc. (Class A Stock)*(a) | 1,281 | 70,801 | ||||
F45 Training Holdings, Inc.*(a) | 14,840 | 158,788 | ||||
Flutter Entertainment PLC (Ireland)* | 5,584 | 650,412 | ||||
Hilton Worldwide Holdings, Inc.* | 6,667 | 1,011,651 | ||||
Hyatt Hotels Corp. (Class A Stock)* | 12,216 | 1,166,017 | ||||
International Game Technology PLC(a) | 36,848 | 909,409 | ||||
Jack in the Box, Inc.(a) | 3,878 | 362,244 | ||||
MakeMyTrip Ltd. (India)*(a) | 11,857 | 318,123 | ||||
Marriott International, Inc. (Class A Stock)* | 7,966 | 1,400,024 | ||||
MGM Resorts International | 8,116 | 340,385 | ||||
Penn National Gaming, Inc.*(a) | 6,943 | 294,522 | ||||
Red Rock Resorts, Inc. (Class A Stock) | 18,028 | 875,440 | ||||
Starbucks Corp. | 8,758 | 796,715 | ||||
Wendy’s Co. (The) | 44,103 | 968,943 | ||||
Whitbread PLC (United Kingdom)* | 5,737 | 213,824 | ||||
Yum China Holdings, Inc. (China) (NYSE) | 38,512 | 1,599,788 |
A5
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Hotels, Restaurants & Leisure (cont’d.) | ||||||
Yum China Holdings, Inc. (China) (XHKG) | 1,950 | $84,198 | ||||
15,409,087 | ||||||
Household Durables — 0.3% | ||||||
Gree Electric Appliances, Inc. of Zhuhai (China) (Class A Stock) | 62,700 | 317,329 | ||||
Midea Group Co. Ltd. (China) (Class A Stock) | 20,000 | 178,206 | ||||
Newell Brands, Inc.(a) | 43,546 | 932,320 | ||||
Toll Brothers, Inc. | 24,525 | 1,153,165 | ||||
Zhejiang Supor Co. Ltd. (China) (Class A Stock) | 20,000 | 156,601 | ||||
2,737,621 | ||||||
Household Products — 0.6% | ||||||
Church & Dwight Co., Inc. | 4,196 | 416,999 | ||||
Colgate-Palmolive Co. | 27,304 | 2,070,462 | ||||
Energizer Holdings, Inc. | 15,432 | 474,688 | ||||
Kimberly-Clark Corp. | 9,016 | 1,110,411 | ||||
Reckitt Benckiser Group PLC (United Kingdom) | 36,699 | 2,822,042 | ||||
6,894,602 | ||||||
Independent Power & Renewable Electricity Producers — 0.1% | ||||||
AES Corp. (The) | 37,428 | 963,023 | ||||
Industrial Conglomerates — 0.6% | ||||||
Hitachi Ltd. (Japan) | 57,440 | 2,880,088 | ||||
Honeywell International, Inc. | 15,506 | 3,017,158 | ||||
Roper Technologies, Inc. | 2,254 | 1,064,406 | ||||
6,961,652 | ||||||
Insurance — 3.3% | ||||||
AIA Group Ltd. (Hong Kong) | 277,800 | 2,900,317 | ||||
American International Group, Inc. | 9,686 | 607,990 | ||||
Aon PLC (Class A Stock) | 20,922 | 6,812,831 | ||||
Arthur J. Gallagher & Co. | 19,388 | 3,385,145 | ||||
Assurant, Inc. | 5,337 | 970,427 | ||||
Beazley PLC (United Kingdom) | 43,667 | 239,326 | ||||
Chubb Ltd. | 17,519 | 3,747,314 | ||||
Cincinnati Financial Corp. | 3,218 | 437,519 | ||||
CNO Financial Group, Inc. | 14,800 | 371,332 | ||||
Everest Re Group Ltd.(a) | 4,193 | 1,263,686 | ||||
Hanover Insurance Group, Inc. (The) | 5,912 | 883,962 | ||||
Hartford Financial Services Group, Inc. (The) | 18,215 | 1,308,019 | ||||
Hiscox Ltd. (United Kingdom) | 17,326 | 224,004 | ||||
Manulife Financial Corp. (Canada) | 27,567 | 587,878 | ||||
Marsh & McLennan Cos., Inc. | 15,680 | 2,672,186 | ||||
Ping An Insurance Group Co. of China Ltd. (China) (Class H Stock) | 123,500 | 868,275 | ||||
Progressive Corp. (The) | 20,231 | 2,306,132 | ||||
Reinsurance Group of America, Inc. | 6,436 | 704,485 | ||||
Samsung Fire & Marine Insurance Co. Ltd. (South Korea) | 5,138 | 923,852 | ||||
Selective Insurance Group, Inc. | 3,836 | 342,785 | ||||
Travelers Cos., Inc. (The) | 9,310 | 1,701,216 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Insurance (cont’d.) | ||||||
Willis Towers Watson PLC | 9,884 | $2,334,799 | ||||
Zurich Insurance Group AG (Switzerland) | 1,357 | 668,336 | ||||
36,261,816 | ||||||
Interactive Media & Services — 2.1% | ||||||
Alphabet, Inc. (Class A Stock)* | 3,530 | 9,818,166 | ||||
Alphabet, Inc. (Class C Stock)* | 925 | 2,583,516 | ||||
Baidu, Inc. (China), ADR* | 1,370 | 181,251 | ||||
Bumble, Inc. (Class A Stock)* | 13,664 | 395,983 | ||||
carsales.com Ltd. (Australia) | 9,853 | 152,582 | ||||
Genius Sports Ltd. (United Kingdom)* | 28,908 | 132,977 | ||||
IAC/InterActiveCorp* | 5,573 | 558,860 | ||||
Match Group, Inc.* | 21,375 | 2,324,318 | ||||
Meta Platforms, Inc. (Class A Stock)* | 8,315 | 1,848,923 | ||||
NAVER Corp. (South Korea) | 5,936 | 1,656,638 | ||||
SEEK Ltd. (Australia) | 8,732 | 192,379 | ||||
Tencent Holdings Ltd. (China) | 67,500 | 3,149,619 | ||||
Z Holdings Corp. (Japan) | 88,200 | 384,665 | ||||
23,379,877 | ||||||
Internet & Direct Marketing Retail — 1.4% | ||||||
Alibaba Group Holding Ltd. (China)* | 40,900 | 554,471 | ||||
Alibaba Group Holding Ltd. (China), ADR* | 13,250 | 1,441,600 | ||||
Allegro.eu SA (Poland), 144A* | 14,615 | 122,455 | ||||
Amazon.com, Inc.* | 3,475 | 11,328,326 | ||||
JD.com, Inc. (China), ADR* | 676 | 39,120 | ||||
JD.com, Inc. (China) (Class A Stock)* | 6,876 | 198,270 | ||||
Just Eat Takeaway.com NV (United Kingdom), 144A* | 2,385 | 80,685 | ||||
Meituan (China) (Class B Stock), 144A* | 18,200 | 350,716 | ||||
Prosus NV (China)* | 6,024 | 322,048 | ||||
Vipshop Holdings Ltd. (China), ADR* | 24,364 | 219,276 | ||||
Vivid Seats, Inc. (Class A Stock)(a) | 26,155 | 289,274 | ||||
ZOZO, Inc. (Japan) | 8,000 | 213,912 | ||||
15,160,153 | ||||||
IT Services — 2.8% | ||||||
Accenture PLC (Class A Stock) | 10,523 | 3,548,671 | ||||
Amadeus IT Group SA (Spain)* | 20,945 | 1,365,840 | ||||
Amdocs Ltd. | 10,771 | 885,484 | ||||
Block, Inc.* | 3,080 | 417,648 | ||||
Capgemini SE (France) | 5,312 | 1,181,577 | ||||
CGI, Inc. (Canada)* | 5,310 | 423,008 | ||||
Cognizant Technology Solutions Corp. (Class A Stock) | 8,534 | 765,244 | ||||
Endava PLC (United Kingdom), ADR* | 5,275 | 701,733 | ||||
Evo Payments, Inc. (Class A Stock)* | 22,213 | 512,898 | ||||
ExlService Holdings, Inc.* | 4,520 | 647,580 | ||||
Fidelity National Information Services, Inc. | 12,551 | 1,260,371 | ||||
Fiserv, Inc.* | 3,935 | 399,009 | ||||
Fujitsu Ltd. (Japan) | 8,400 | 1,257,773 | ||||
Gartner, Inc.* | 3,654 | 1,086,919 |
A6
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
IT Services (cont’d.) | ||||||
GDS Holdings Ltd. (China) (Class A Stock)* | 22,700 | $113,440 | ||||
Global Payments, Inc. | 7,488 | 1,024,658 | ||||
Keywords Studios PLC (Ireland) | 13,383 | 465,244 | ||||
Kingsoft Cloud Holdings Ltd. (China), ADR* | 15,345 | 93,144 | ||||
Mastercard, Inc. (Class A Stock) | 10,184 | 3,639,558 | ||||
Nomura Research Institute Ltd. (Japan) | 16,900 | 553,273 | ||||
Nuvei Corp. (Canada), 144A* | 4,181 | 315,206 | ||||
Okta, Inc.* | 2,538 | 383,136 | ||||
Paya Holdings, Inc.*(a) | 50,918 | 298,379 | ||||
Payoneer Global, Inc.* | 45,734 | 203,974 | ||||
PayPal Holdings, Inc.* | 5,810 | 671,926 | ||||
Remitly Global, Inc.*(a) | 29,439 | 290,563 | ||||
Sabre Corp.* | 34,898 | 398,884 | ||||
Shopify, Inc. (Canada) (Class A Stock)* | 144 | 97,338 | ||||
TaskUS, Inc. (Philippines) (Class A Stock)*(a) | 12,790 | 491,903 | ||||
Tata Consultancy Services Ltd. (India) | 22,639 | 1,114,036 | ||||
Thoughtworks Holding, Inc.*(a) | 46,053 | 958,363 | ||||
Visa, Inc. (Class A Stock)(a) | 20,813 | 4,615,699 | ||||
WNS Holdings Ltd. (India), ADR* | 8,429 | 720,595 | ||||
30,903,074 | ||||||
Leisure Products — 0.2% | ||||||
Brunswick Corp.(a) | 11,750 | 950,457 | ||||
Malibu Boats, Inc. (Class A Stock)* | 3,469 | 201,237 | ||||
Mattel, Inc.* | 23,955 | 532,041 | ||||
Polaris, Inc.(a) | 3,592 | 378,309 | ||||
Sankyo Co. Ltd. (Japan) | 3,400 | 94,366 | ||||
Yamaha Corp. (Japan) | 5,100 | 221,688 | ||||
2,378,098 | ||||||
Life Sciences Tools & Services — 2.7% | ||||||
Adaptive Biotechnologies Corp.* | 15,089 | 209,435 | ||||
Agilent Technologies, Inc. | 9,052 | 1,197,851 | ||||
Bio-Techne Corp. | 2,634 | 1,140,627 | ||||
Bruker Corp. | 10,275 | 660,683 | ||||
Charles River Laboratories International, Inc.* | 6,021 | 1,709,783 | ||||
Danaher Corp. | 17,767 | 5,211,594 | ||||
Gerresheimer AG (Germany) | 5,061 | 369,528 | ||||
ICON PLC (Ireland)* | 16,036 | 3,900,276 | ||||
Illumina, Inc.* | 525 | 183,435 | ||||
Maravai LifeSciences Holdings, Inc. (Class A Stock)* | 32,454 | 1,144,653 | ||||
MaxCyte, Inc.* | 14,938 | 104,417 | ||||
Mettler-Toledo International, Inc.* | 381 | 523,185 | ||||
Olink Holding AB (Sweden), ADR*(a) | 3,996 | 70,569 | ||||
Oxford Nanopore Technologies PLC (United Kingdom)* | 9,072 | 48,349 | ||||
PerkinElmer, Inc.(a) | 22,503 | 3,925,873 | ||||
QIAGEN NV* | 25,684 | 1,259,624 | ||||
Syneos Health, Inc.* | 16,311 | 1,320,376 | ||||
Thermo Fisher Scientific, Inc. | 8,394 | 4,957,916 | ||||
West Pharmaceutical Services, Inc. | 3,940 | 1,618,198 | ||||
29,556,372 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Machinery — 1.6% | ||||||
Aalberts NV (Netherlands) | 5,943 | $308,780 | ||||
Airtac International Group (China) | 5,000 | 161,397 | ||||
Doosan Bobcat, Inc. (South Korea) | 13,229 | 422,111 | ||||
Enerpac Tool Group Corp. | 4,984 | 109,100 | ||||
Flowserve Corp.(a) | 11,106 | 398,705 | ||||
Fortive Corp. | 1,800 | 109,674 | ||||
GEA Group AG (Germany) | 22,912 | 942,024 | ||||
Hydrofarm Holdings Group, Inc.* | 11,783 | 178,512 | ||||
IDEX Corp. | 6,877 | 1,318,527 | ||||
Illinois Tool Works, Inc. | 8,457 | 1,770,896 | ||||
Ingersoll Rand, Inc. | 29,319 | 1,476,212 | ||||
ITT, Inc. | 6,157 | 463,068 | ||||
Kubota Corp. (Japan) | 34,800 | 652,201 | ||||
Otis Worldwide Corp. | 6,612 | 508,793 | ||||
PACCAR, Inc. | 19,282 | 1,698,166 | ||||
Schindler Holding AG (Switzerland) (Part. Cert.) | 2,045 | 437,401 | ||||
SMC Corp. (Japan) | 2,400 | 1,342,601 | ||||
Stanley Black & Decker, Inc.(a) | 12,591 | 1,760,096 | ||||
Techtronic Industries Co. Ltd. (Hong Kong) | 90,500 | 1,455,787 | ||||
Timken Co. (The) | 3,616 | 219,491 | ||||
Toyota Industries Corp. (Japan) | 9,700 | 668,097 | ||||
Weir Group PLC (The) (United Kingdom)(a) | 30,339 | 648,788 | ||||
Westinghouse Air Brake Technologies Corp. | 7,267 | 698,867 | ||||
17,749,294 | ||||||
Media — 0.7% | ||||||
Altice USA, Inc. (Class A Stock)* | 15,126 | 188,773 | ||||
Cable One, Inc. | 403 | 590,089 | ||||
Charter Communications, Inc. (Class A Stock)*(a) | 4,545 | 2,479,388 | ||||
Comcast Corp. (Class A Stock) | 62,782 | 2,939,453 | ||||
Discovery, Inc. (Class C Stock)*(a) | 22,378 | 558,779 | ||||
Liberty Broadband Corp. (Class C Stock)* | 5,129 | 694,056 | ||||
Quebecor, Inc. (Canada) (Class B Stock) | 15,023 | 358,105 | ||||
7,808,643 | ||||||
Metals & Mining — 0.5% | ||||||
Agnico Eagle Mines Ltd. (Canada) | 9,033 | 552,753 | ||||
Arconic Corp.* | 10,223 | 261,913 | ||||
Franco-Nevada Corp. (Canada) | 3,313 | 527,207 | ||||
Glencore PLC (Australia)* | 202,950 | 1,326,029 | ||||
Gold Fields Ltd. (South Africa), ADR | 13,044 | 201,660 | ||||
Kaiser Aluminum Corp. | 1,606 | 151,221 | ||||
Polymetal International PLC (Russia) | 34,668 | 136,117 | ||||
Rio Tinto PLC (Australia) | 18,242 | 1,449,144 | ||||
Vale SA (Brazil), ADR(a) | 18,727 | 374,353 | ||||
4,980,397 | ||||||
Mortgage Real Estate Investment Trusts (REITs) — 0.0% | ||||||
Two Harbors Investment Corp.(a) | 68,311 | 377,760 |
A7
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Multiline Retail — 0.3% | ||||||
B&M European Value Retail SA (United Kingdom) | 56,533 | $395,659 | ||||
Dollar General Corp. | 1,266 | 281,849 | ||||
Dollar Tree, Inc.* | 10,639 | 1,703,836 | ||||
Lojas Renner SA (Brazil) | 89,832 | 521,137 | ||||
2,902,481 | ||||||
Multi-Utilities — 0.7% | ||||||
Ameren Corp. | 7,281 | 682,666 | ||||
Black Hills Corp.(a) | 7,432 | 572,413 | ||||
CenterPoint Energy, Inc. | 26,464 | 810,857 | ||||
CMS Energy Corp. | 12,400 | 867,256 | ||||
Dominion Energy, Inc. | 22,515 | 1,913,099 | ||||
E.ON SE (Germany) | 77,323 | 898,543 | ||||
National Grid PLC (United Kingdom) | 46,722 | 721,169 | ||||
Public Service Enterprise Group, Inc. | 14,154 | 990,780 | ||||
Sempra Energy | 5,030 | 845,644 | ||||
8,302,427 | ||||||
Oil, Gas & Consumable Fuels — 1.9% | ||||||
Capricorn Energy PLC (United Kingdom)* | 83,708 | 243,298 | ||||
China Petroleum & Chemical Corp. (China) (Class H Stock) | 712,000 | 355,328 | ||||
CNX Resources Corp.*(a) | 19,433 | 402,652 | ||||
ConocoPhillips | 21,722 | 2,172,200 | ||||
Coterra Energy, Inc. | 19,935 | 537,647 | ||||
Devon Energy Corp. | 22,935 | 1,356,146 | ||||
Diamondback Energy, Inc. | 8,157 | 1,118,162 | ||||
Eni SpA (Italy) | 121,570 | 1,779,127 | ||||
Enterprise Products Partners LP, MLP | 3,979 | 102,698 | ||||
EOG Resources, Inc.(a) | 8,286 | 987,940 | ||||
Galp Energia SGPS SA (Portugal) | 119,773 | 1,519,977 | ||||
Hess Corp. | 10,676 | 1,142,759 | ||||
Idemitsu Kosan Co. Ltd. (Japan) | 12,600 | 347,194 | ||||
LUKOIL PJSC (Russia), ADR^ | 6,309 | 1 | ||||
Magnolia Oil & Gas Corp. (Class A Stock) | 15,170 | 358,770 | ||||
Pioneer Natural Resources Co. | 10,628 | 2,657,319 | ||||
Plains GP Holdings LP (Class A Stock)*(a) | 69,523 | 802,991 | ||||
Reliance Industries Ltd. (India) | 16,760 | 580,935 | ||||
Santos Ltd. (Australia) | 58,167 | 336,102 | ||||
Suncor Energy, Inc. (Canada) | 9,554 | 311,041 | ||||
Targa Resources Corp. | 9,666 | 729,493 | ||||
TC Energy Corp. (Canada) | 6,983 | 393,850 | ||||
United Tractors Tbk PT (Indonesia) | 400,800 | 712,593 | ||||
Valero Energy Corp. | 7,983 | 810,594 | ||||
Viper Energy Partners LP | 15,960 | 471,937 | ||||
Woodside Petroleum Ltd. (Australia) | 32,877 | 787,712 | ||||
21,018,466 | ||||||
Paper & Forest Products — 0.0% | ||||||
Suzano SA (Brazil) | 33,300 | 386,433 | ||||
Personal Products — 0.2% | ||||||
Amorepacific Corp. (South Korea) | 3,085 | 404,820 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Personal Products (cont’d.) | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 5,333 | $1,452,283 | ||||
Kao Corp. (Japan) | 15,400 | 632,990 | ||||
Kose Corp. (Japan) | 1,600 | 167,638 | ||||
2,657,731 | ||||||
Pharmaceuticals — 2.4% | ||||||
Bayer AG (Germany) | 21,783 | 1,487,532 | ||||
Collegium Pharmaceutical, Inc.* | 6,317 | 128,614 | ||||
Eli Lilly & Co. | 1,943 | 556,417 | ||||
Genomma Lab Internacional SAB de CV (Mexico) (Class B Stock) | 250,907 | 274,875 | ||||
Harmony Biosciences Holdings, Inc.*(a) | 2,991 | 145,512 | ||||
Hypera SA (Brazil) | 18,404 | 149,789 | ||||
Johnson & Johnson | 26,564 | 4,707,938 | ||||
Kyowa Kirin Co. Ltd. (Japan) | 23,000 | 534,691 | ||||
Merck & Co., Inc. | 29,097 | 2,387,409 | ||||
Novartis AG (Switzerland) | 18,338 | 1,607,015 | ||||
Novo Nordisk A/S (Denmark) (Class B Stock) | 30,000 | 3,330,734 | ||||
Optinose, Inc.* | 15,184 | 37,505 | ||||
Organon & Co. | 20,656 | 721,514 | ||||
Pfizer, Inc. | 54,348 | 2,813,596 | ||||
Prestige Consumer Healthcare, Inc.* | 7,799 | 412,879 | ||||
Roche Holding AG (Switzerland) | 14,408 | 5,701,248 | ||||
Santen Pharmaceutical Co. Ltd. (Japan) | 40,600 | 402,900 | ||||
Zoetis, Inc. | 9,401 | 1,772,935 | ||||
27,173,103 | ||||||
Professional Services — 2.1% | ||||||
CACI International, Inc. (Class A Stock)* | 3,537 | 1,065,557 | ||||
Clarivate PLC* | 87,201 | 1,461,489 | ||||
CoStar Group, Inc.* | 30,339 | 2,020,881 | ||||
Dun & Bradstreet Holdings, Inc.* | 66,926 | 1,172,543 | ||||
Equifax, Inc. | 15,733 | 3,730,294 | ||||
Experian PLC (United Kingdom) | 17,295 | 670,710 | ||||
HireRight Holdings Corp.* | 16,434 | 281,021 | ||||
KBR, Inc. | 31,061 | 1,699,968 | ||||
Legalzoom.com, Inc.*(a) | 10,808 | 152,825 | ||||
Leidos Holdings, Inc. | 6,978 | 753,764 | ||||
Persol Holdings Co. Ltd. (Japan) | 9,600 | 215,264 | ||||
RELX PLC (United Kingdom) | 10,145 | 315,871 | ||||
TransUnion | 26,990 | 2,789,147 | ||||
TriNet Group, Inc.* | 1,219 | 119,901 | ||||
Verisk Analytics, Inc. | 18,738 | 4,021,737 | ||||
Wolters Kluwer NV (Netherlands) | 26,148 | 2,781,171 | ||||
23,252,143 | ||||||
Real Estate Management & Development — 1.1% | ||||||
Ascendas India Trust (Singapore), UTS | 460,100 | 403,023 | ||||
Capitaland Investment Ltd. (Singapore)* | 315,600 | 925,525 | ||||
Corp Inmobiliaria Vesta SAB de CV (Mexico) | 232,216 | 443,534 |
A8
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Real Estate Management & Development (cont’d.) | ||||||
Emaar Properties PJSC (United Arab Emirates) | 147,000 | $239,351 | ||||
ESR Cayman Ltd. (China), 144A* | 489,000 | 1,512,158 | ||||
Grainger PLC (United Kingdom) | 226,414 | 864,216 | ||||
Grand City Properties SA (Germany) | 18,839 | 376,402 | ||||
Hang Lung Properties Ltd. (Hong Kong) | 94,000 | 189,861 | ||||
Heiwa Real Estate Co. Ltd. (Japan) | 4,500 | 144,922 | ||||
Katitas Co. Ltd. (Japan) | 41,200 | 1,134,582 | ||||
LEG Immobilien SE (Germany) | 11,725 | 1,333,639 | ||||
Multiplan Empreendimentos Imobiliarios SA (Brazil) | 129,134 | 661,801 | ||||
Shurgard Self Storage SA (Belgium) | 13,737 | 853,314 | ||||
Sino Land Co. Ltd. (Hong Kong) | 409,909 | 528,986 | ||||
Swire Properties Ltd. (Hong Kong) | 339,400 | 840,327 | ||||
Vonovia SE (Germany) | 30,333 | 1,414,370 | ||||
11,866,011 | ||||||
Road & Rail — 0.9% | ||||||
Canadian National Railway Co. (Canada) | 12,507 | 1,677,689 | ||||
Canadian Pacific Railway Ltd. (Canada) (NYSE)(a) | 21,229 | 1,752,242 | ||||
Canadian Pacific Railway Ltd. (Canada) (XTSE) | 18,339 | 1,513,593 | ||||
CSX Corp. | 6,176 | 231,291 | ||||
Knight-Swift Transportation Holdings, Inc. | 16,710 | 843,187 | ||||
Schneider National, Inc. (Class B Stock) | 16,924 | 431,562 | ||||
Uber Technologies, Inc.* | 12,503 | 446,107 | ||||
Union Pacific Corp. | 9,564 | 2,612,980 | ||||
XPO Logistics, Inc.*(a) | 11,135 | 810,628 | ||||
10,319,279 | ||||||
Semiconductors & Semiconductor Equipment — 2.6% | ||||||
Analog Devices, Inc. | 5,113 | 844,565 | ||||
Applied Materials, Inc. | 8,579 | 1,130,712 | ||||
ASM International NV (Netherlands) | 2,286 | 833,495 | ||||
ASML Holding NV (Netherlands) (BATE) | 959 | 642,352 | ||||
ASML Holding NV (Netherlands) (XNGS) | 1,676 | 1,119,451 | ||||
Cohu, Inc.* | 9,696 | 287,002 | ||||
Entegris, Inc. | 14,323 | 1,880,037 | ||||
Intel Corp. | 16,006 | 793,257 | ||||
Lam Research Corp. | 2,760 | 1,483,804 | ||||
Monolithic Power Systems, Inc. | 5,951 | 2,890,282 | ||||
NVIDIA Corp. | 13,755 | 3,753,189 | ||||
NXP Semiconductors NV (China) | 16,874 | 3,123,040 | ||||
ON Semiconductor Corp.* | 14,134 | 884,930 | ||||
Silicon Laboratories, Inc.* | 1,646 | 247,229 | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) | 205,000 | 4,223,916 | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR | 19,728 | 2,056,841 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Semiconductors & Semiconductor Equipment (cont’d.) | ||||||
Texas Instruments, Inc. | 16,089 | $2,952,010 | ||||
29,146,112 | ||||||
Software — 5.0% | ||||||
ACI Worldwide, Inc.* | 6,148 | 193,601 | ||||
Adobe, Inc.* | 9,931 | 4,524,762 | ||||
Alkami Technology, Inc.* | 18,741 | 268,184 | ||||
Atlassian Corp. PLC (Class A Stock)* | 2,684 | 788,640 | ||||
Autodesk, Inc.* | 8,819 | 1,890,353 | ||||
Avalara, Inc.* | 2,424 | 241,212 | ||||
Black Knight, Inc.* | 34,340 | 1,991,377 | ||||
Cadence Design Systems, Inc.* | 28,078 | 4,617,708 | ||||
CCC Intelligent Solutions Holdings, Inc.*(a) | 19,373 | 213,878 | ||||
Constellation Software, Inc. (Canada) | 1,307 | 2,234,179 | ||||
Coupa Software, Inc.* | 1,242 | 126,224 | ||||
Dassault Systemes SE (France) | 5,623 | 276,419 | ||||
DoubleVerify Holdings, Inc.* | 11,097 | 279,311 | ||||
Everbridge, Inc.* | 9,443 | 412,093 | ||||
Expensify, Inc. (Class A Stock)*(a) | 7,300 | 128,188 | ||||
Five9, Inc.* | 2,409 | 265,954 | ||||
Intuit, Inc. | 5,599 | 2,692,223 | ||||
Microsoft Corp.(k) | 55,767 | 17,193,524 | ||||
nCino, Inc.*(a) | 3,629 | 148,716 | ||||
NCR Corp.* | 7,850 | 315,491 | ||||
Nice Ltd. (Israel), ADR* | 8,264 | 1,809,816 | ||||
Oracle Corp. (Japan) | 2,700 | 187,660 | ||||
Paycor HCM, Inc.*(a) | 19,139 | 557,136 | ||||
Paylocity Holding Corp.* | 6,610 | 1,360,140 | ||||
Procore Technologies, Inc.* | 3,854 | 223,378 | ||||
Q2 Holdings, Inc.* | 8,662 | 534,012 | ||||
Qualtrics International, Inc. (Class A Stock)* | 5,033 | 143,692 | ||||
Rapid7, Inc.* | 5,638 | 627,171 | ||||
salesforce.com, Inc.* | 9,297 | 1,973,939 | ||||
SAP SE (Germany) | 13,605 | 1,512,011 | ||||
ServiceNow, Inc.* | 4,178 | 2,326,686 | ||||
SS&C Technologies Holdings, Inc. | 7,180 | 538,644 | ||||
Synopsys, Inc.* | 6,645 | 2,214,579 | ||||
Topicus.com, Inc. (Netherlands)* | 1,505 | 112,260 | ||||
Tyler Technologies, Inc.* | 3,069 | 1,365,367 | ||||
Unity Software, Inc.* | 1,017 | 100,897 | ||||
Verint Systems, Inc.* | 14,076 | 727,729 | ||||
WiseTech Global Ltd. (Australia) | 2,658 | 100,274 | ||||
55,217,428 | ||||||
Specialty Retail — 0.9% | ||||||
Burlington Stores, Inc.* | 5,420 | 987,361 | ||||
Five Below, Inc.* | 3,714 | 588,186 | ||||
Home Depot, Inc. (The) | 1,846 | 552,563 | ||||
Leslie’s, Inc.*(a) | 33,227 | 643,275 | ||||
Lowe’s Cos., Inc. | 8,467 | 1,711,943 | ||||
O’Reilly Automotive, Inc.* | 2,068 | 1,416,497 | ||||
Petco Health & Wellness Co., Inc.*(a) | 18,742 | 366,781 | ||||
Ross Stores, Inc. | 6,864 | 620,918 | ||||
Tractor Supply Co. | 4,674 | 1,090,771 | ||||
Ulta Beauty, Inc.* | 3,165 | 1,260,366 | ||||
Urban Outfitters, Inc.*(a) | 28,878 | 725,127 |
A9
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialty Retail (cont’d.) | ||||||
Zumiez, Inc.*(a) | 8,576 | $327,689 | ||||
10,291,477 | ||||||
Technology Hardware, Storage & Peripherals — 1.0% | ||||||
Apple, Inc. | 43,584 | 7,610,202 | ||||
Corsair Gaming, Inc.*(a) | 11,796 | 249,604 | ||||
Samsung Electronics Co. Ltd. (South Korea) | 62,056 | 3,549,285 | ||||
11,409,091 | ||||||
Textiles, Apparel & Luxury Goods — 1.1% | ||||||
adidas AG (Germany) | 4,106 | 960,050 | ||||
Burberry Group PLC (United Kingdom) | 31,425 | 685,521 | ||||
Cie Financiere Richemont SA (Switzerland) (Class A Stock) | 8,832 | 1,114,509 | ||||
EssilorLuxottica SA (France) | 6,200 | 1,136,242 | ||||
Kering SA (France) | 686 | 433,707 | ||||
Lululemon Athletica, Inc.* | 4,417 | 1,613,221 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 3,764 | 2,682,650 | ||||
NIKE, Inc. (Class B Stock) | 9,742 | 1,310,883 | ||||
On Holding AG (Switzerland) (Class A Stock)*(a) | 6,141 | 154,999 | ||||
PVH Corp. | 7,751 | 593,804 | ||||
Skechers USA, Inc. (Class A Stock)*(a) | 44,360 | 1,808,114 | ||||
12,493,700 | ||||||
Thrifts & Mortgage Finance — 0.1% | ||||||
Housing Development Finance Corp. Ltd. (India) | 18,854 | 592,001 | ||||
Tobacco — 0.3% | ||||||
British American Tobacco PLC (United Kingdom) | 25,673 | 1,077,622 | ||||
Imperial Brands PLC (United Kingdom) | 39,016 | 824,584 | ||||
ITC Ltd. (India) | 94,890 | 313,317 | ||||
Philip Morris International, Inc. | 7,338 | 689,332 | ||||
Swedish Match AB (Sweden) | 54,245 | 407,592 | ||||
3,312,447 | ||||||
Trading Companies & Distributors — 0.2% | ||||||
Air Lease Corp. | 8,506 | 379,793 | ||||
Electrocomponents PLC (United Kingdom) | 34,315 | 487,061 | ||||
GMS, Inc.* | 3,055 | 152,047 | ||||
SiteOne Landscape Supply, Inc.* | 1,950 | 315,296 | ||||
Textainer Group Holdings Ltd. (China) | 5,305 | 201,961 | ||||
Triton International Ltd. (Bermuda) | 3,680 | 258,262 | ||||
Univar Solutions, Inc.* | 17,802 | 572,156 | ||||
WESCO International, Inc.* | 2,055 | 267,438 | ||||
2,634,014 | ||||||
Transportation Infrastructure — 0.0% | ||||||
Shanghai International Airport Co. Ltd. (China) (Class A Stock)* | 20,000 | 153,571 | ||||
Wireless Telecommunication Services — 0.3% | ||||||
Advanced Info Service PCL (Thailand) | 37,300 | 260,839 | ||||
Etihad Etisalat Co. (Saudi Arabia) | 9,570 | 105,741 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Wireless Telecommunication Services (cont’d.) | ||||||
KDDI Corp. (Japan) | 46,400 | $1,521,509 | ||||
SoftBank Group Corp. (Japan) | 7,400 | 332,733 | ||||
T-Mobile US, Inc.*(a) | 2,568 | 329,603 | ||||
Vodafone Group PLC (United Kingdom) | 727,341 | 1,184,313 | ||||
3,734,738 | ||||||
Total Common Stocks (cost $620,413,550) | 781,103,381 | |||||
Preferred Stock — 0.1% | ||||||
Household Products | ||||||
Henkel AG & Co. KGaA (Germany) (PRFC) | 17,950 | 1,198,653 | ||||
(cost $1,675,650) |
Units | |||||
Warrants* — 0.0% | |||||
Textiles, Apparel & Luxury Goods | |||||
Cie Financiere Richemont SA (Switzerland), expiring 11/22/23 | 8,589 | 6,785 | |||
(cost $0) |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||
Asset-Backed Securities — 1.1% | ||||||
Automobiles — 0.1% | ||||||
Credit Acceptance Auto Loan Trust, | ||||||
Series 2021-03A, Class C, 144A | ||||||
1.630% | 09/16/30 | 250 | 235,755 | |||
DT Auto Owner Trust, | ||||||
Series 2019-02A, Class C, 144A | ||||||
3.180% | 02/18/25 | 4 | 3,990 | |||
Exeter Automobile Receivables Trust, | ||||||
Series 2020-01A, Class C, 144A | ||||||
2.490% | 01/15/25 | 35 | 34,891 | |||
NextGear Floorplan Master Owner Trust, | ||||||
Series 2019-02A, Class A2, 144A | ||||||
2.070% | 10/15/24 | 100 | 100,013 | |||
Santander Retail Auto Lease Trust, | ||||||
Series 2020-A, Class C, 144A | ||||||
2.080% | 03/20/24 | 57 | 56,835 | |||
Securitized Term Auto Loan Receivables Trust (Canada), | ||||||
Series 2019-CRTA, Class B, 144A | ||||||
2.453% | 03/25/26 | 13 | 13,353 | |||
Series 2019-CRTA, Class C, 144A | ||||||
2.849% | 03/25/26 | 16 | 16,094 | |||
460,931 | ||||||
Collateralized Loan Obligations — 1.0% | ||||||
ACREC Ltd. (Cayman Islands), | ||||||
Series 2021-FL01, Class C, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | ||||||
2.618%(c) | 10/16/36 | 150 | 148,565 |
A10
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
Series 2021-FL01, Class D, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | |||||||
3.118%(c) | 10/16/36 | 180 | $178,126 | ||||
ACRES Commercial Realty Ltd., | |||||||
Series 2021-FL02, Class C, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | |||||||
3.091%(c) | 01/15/37 | 186 | 183,272 | ||||
Allegro CLO Ltd. (Cayman Islands), | |||||||
Series 2016-01A, Class CR2, 144A, 3 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.241%(c) | 01/15/30 | 670 | 662,383 | ||||
Arbor Realty Collateralized Loan Obligation Ltd. (Cayman Islands), | |||||||
Series 2020-FL01, Class B, 144A, 1 Month Term SOFR + 1.914% (Cap N/A, Floor 1.800%) | |||||||
2.216%(c) | 02/15/35 | 500 | 495,236 | ||||
Series 2020-FL01, Class C, 144A, 1 Month Term SOFR + 2.164% (Cap N/A, Floor 2.050%) | |||||||
2.466%(c) | 02/15/35 | 100 | 99,066 | ||||
Series 2021-FL02, Class B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
1.997%(c) | 05/15/36 | 600 | 578,491 | ||||
Arbor Realty Commercial Real Estate Notes Ltd., | |||||||
Series 2021-FL01, Class C, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.397%(c) | 12/15/35 | 100 | 98,743 | ||||
Series 2021-FL01, Class D, 144A, 1 Month LIBOR + 2.950% (Cap N/A, Floor 2.950%) | |||||||
3.347%(c) | 12/15/35 | 100 | 98,958 | ||||
Series 2021-FL03, Class C, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | |||||||
2.247%(c) | 08/15/34 | 102 | 100,295 | ||||
Series 2021-FL03, Class D, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
2.597%(c) | 08/15/34 | 100 | 97,972 | ||||
Series 2021-FL04, Class C, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | |||||||
2.697%(c) | 11/15/36 | 204 | 201,238 | ||||
Series 2022-FL01, Class D, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 3.000%) | |||||||
3.050%(c) | 01/15/37 | 560 | 555,989 | ||||
BDS Ltd. (Cayman Islands), | |||||||
Series 2019-FL04, Class A, 144A, 1 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | |||||||
1.541%(c) | 08/15/36 | 125 | 124,258 | ||||
Series 2019-FL04, Class C, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.441%(c) | 08/15/36 | 147 | 144,451 | ||||
Series 2021-FL07, Class B, 144A, 1 Month LIBOR + 1.500% (Cap N/A, Floor 1.500%) | |||||||
1.968%(c) | 06/16/36 | 100 | 97,531 | ||||
BSPDF Issuer Ltd. (Cayman Islands), | |||||||
Series 2021-FL01, Class B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 1.800%) | |||||||
2.197%(c) | 10/15/36 | 258 | 255,398 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
BSPRT Issuer Ltd. (Cayman Islands), | |||||||
Series 2018-FL04, Class B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
1.997%(c) | 09/15/35 | 150 | $149,638 | ||||
Series 2019-FL05, Class C, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.397%(c) | 05/15/29 | 100 | 98,940 | ||||
Series 2021-FL06, Class B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
1.997%(c) | 03/15/36 | 752 | 742,316 | ||||
Series 2021-FL06, Class C, 144A, 1 Month LIBOR + 2.050% (Cap N/A, Floor 2.050%) | |||||||
2.447%(c) | 03/15/36 | 100 | 96,936 | ||||
Series 2021-FL07, Class C, 144A, 1 Month LIBOR + 2.300% (Cap N/A, Floor 2.300%) | |||||||
2.697%(c) | 12/15/38 | 100 | 97,863 | ||||
Series 2021-FL07, Class D, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | |||||||
3.147%(c) | 12/15/38 | 100 | 96,503 | ||||
CHCP Ltd., | |||||||
Series 2021-FL01, Class B, 144A, 30 Day Average SOFR + 1.764% (Cap N/A, Floor 1.650%) | |||||||
1.814%(c) | 02/15/38 | 600 | 589,721 | ||||
Series 2021-FL01, Class C, 144A, 30 Day Average SOFR + 2.214% (Cap N/A, Floor 2.100%) | |||||||
2.264%(c) | 02/15/38 | 100 | 97,775 | ||||
Columbia Cent CLO Ltd. (Cayman Islands), | |||||||
Series 2018-28A, Class A2R, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | |||||||
2.015%(c) | 11/07/30 | 500 | 494,866 | ||||
Series 2018-28A, Class BR, 144A, 3 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | |||||||
2.465%(c) | 11/07/30 | 253 | 247,466 | ||||
Ladder Capital Commercial Mortgage Securities Trust, | |||||||
Series 2021-FL02, Class C, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | |||||||
2.547%(c) | 12/13/38 | 115 | 113,656 | ||||
LoanCore Issuer Ltd. (Cayman Islands), | |||||||
Series 2019-CRE02, Class D, 144A, 1 Month LIBOR + 2.450% (Cap N/A, Floor 2.450%) | |||||||
2.847%(c) | 05/15/36 | 35 | 35,000 | ||||
Series 2021-CRE05, Class AS, 144A, 1 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
2.147%(c) | 07/15/36 | 328 | 324,797 | ||||
Series 2021-CRE05, Class B, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.397%(c) | 07/15/36 | 313 | 309,048 | ||||
Series 2021-CRE06, Class B, 144A, 1 Month LIBOR + 1.900% (Cap N/A, Floor 1.900%) | |||||||
2.297%(c) | 11/15/38 | 590 | 583,654 | ||||
Madison Park Funding Ltd. (Cayman Islands), | |||||||
Series 2017-23A, Class CR, 144A, 3 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | |||||||
2.268%(c) | 07/27/31 | 500 | 497,629 |
A11
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Collateralized Loan Obligations (cont’d.) | |||||||
MF1 Ltd. (Cayman Islands), | |||||||
Series 2020-FL04, Class AS, 144A, 1 Month Term SOFR + 2.214% (Cap N/A, Floor 2.100%) | |||||||
2.543%(c) | 11/15/35 | 136 | $133,934 | ||||
Series 2022-FL08, Class C, 144A, 30 Day Average SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
2.250%(c) | 02/19/37 | 146 | 143,689 | ||||
Series 2022-FL08, Class D, 144A, 30 Day Average SOFR + 2.650% (Cap N/A, Floor 2.650%) | |||||||
2.700%(c) | 02/19/37 | 100 | 98,246 | ||||
MidOcean Credit CLO (Cayman Islands), | |||||||
Series 2013-02A, Class BR, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) | |||||||
1.779%(c) | 01/29/30 | 448 | 444,190 | ||||
Neuberger Berman CLO Ltd. (Cayman Islands), | |||||||
Series 2013-15A, Class CR2, 144A, 3 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | |||||||
2.091%(c) | 10/15/29 | 353 | 347,223 | ||||
Oaktree CLO Ltd. (Cayman Islands), | |||||||
Series 2015-01A, Class A1R, 144A, 3 Month LIBOR + 0.870% (Cap N/A, Floor 0.000%) | |||||||
1.124%(c) | 10/20/27 | 87 | 86,689 | ||||
Series 2019-01A, Class BR, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | |||||||
2.009%(c) | 04/22/30 | 300 | 296,617 | ||||
Series 2019-01A, Class CR, 144A, 3 Month LIBOR + 2.350% (Cap N/A, Floor 2.350%) | |||||||
2.609%(c) | 04/22/30 | 250 | 243,678 | ||||
Palmer Square Loan Funding Ltd. (Cayman Islands), | |||||||
Series 2020-01A, Class A2, 144A, 3 Month LIBOR + 1.350% (Cap N/A, Floor 1.350%) | |||||||
1.830%(c) | 02/20/28 | 250 | 248,613 | ||||
Race Point CLO Ltd. (Cayman Islands), | |||||||
Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | |||||||
1.520%(c) | 02/20/30 | 247 | 245,434 | ||||
STWD Ltd. (Cayman Islands), | |||||||
Series 2021-FL02, Class C, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 2.100%) | |||||||
2.568%(c) | 04/18/38 | 117 | 113,411 | ||||
Series 2022-FL03, Class B, 144A, 30 Day Average SOFR + 1.950% (Cap N/A, Floor 1.950%) | |||||||
2.000%(c) | 11/15/38 | 100 | 98,974 | ||||
Series 2022-FL03, Class C, 144A, 30 Day Average SOFR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
2.250%(c) | 11/15/38 | 159 | 156,949 | ||||
11,353,427 | |||||||
Other — 0.0% | |||||||
Business Jet Securities LLC, | |||||||
Series 2020-01A, Class A, 144A | |||||||
2.981% | 11/15/35 | 77 | 74,218 | ||||
Series 2021-01A, Class B, 144A | |||||||
2.918% | 04/15/36 | 81 | 75,901 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Asset-Backed Securities (continued) | |||||||
Other (cont’d.) | |||||||
CARS-DB4 LP, | |||||||
Series 2020-01A, Class A4, 144A | |||||||
3.190% | 02/15/50 | 100 | $96,842 | ||||
246,961 | |||||||
Small Business Loan — 0.0% | |||||||
United States Small Business Administration, | |||||||
Series 2013-20H, Class 1 | |||||||
3.160% | 08/01/33 | 67 | 66,067 | ||||
Total Asset-Backed Securities (cost $12,304,369) | 12,127,386 | ||||||
Commercial Mortgage-Backed Securities — 0.8% | |||||||
AREIT Trust, | |||||||
Series 2019-CRE03, Class A, 144A, 30 Day Average SOFR + 1.134% (Cap N/A, Floor 1.020%) | |||||||
1.184%(c) | 09/14/36 | 23 | 22,570 | ||||
Series 2019-CRE03, Class B, 144A, 30 Day Average SOFR + 1.664% (Cap N/A, Floor 1.550%) | |||||||
1.714%(c) | 09/14/36 | 100 | 99,037 | ||||
Series 2019-CRE03, Class C, 144A, 30 Day Average SOFR + 2.014% (Cap N/A, Floor 1.900%) | |||||||
2.064%(c) | 09/14/36 | 100 | 98,879 | ||||
Series 2022-CRE06, Class B, 144A, 30 Day Average SOFR + 1.850% (Cap N/A, Floor 1.850%) | |||||||
1.900%(c) | 11/17/24 | 100 | 98,022 | ||||
Series 2022-CRE06, Class C, 144A, 30 Day Average SOFR + 2.150% (Cap N/A, Floor 2.150%) | |||||||
2.200%(c) | 12/17/24 | 139 | 136,208 | ||||
Series 2022-CRE06, Class D, 144A, 30 Day Average SOFR + 2.850% (Cap N/A, Floor 2.850%) | |||||||
2.900%(c) | 12/17/24 | 100 | 97,981 | ||||
Bancorp Commercial Mortgage Trust, | |||||||
Series 2019-CRE06, Class B, 144A, 30 Day Average SOFR + 1.664% (Cap N/A, Floor 1.550%) | |||||||
1.714%(c) | 09/15/36 | 17 | 16,808 | ||||
BANK, | |||||||
Series 2019-BN24, Class A3 | |||||||
2.960% | 11/15/62 | 21 | 20,355 | ||||
Benchmark Mortgage Trust, | |||||||
Series 2020-B18, Class A5 | |||||||
1.925% | 07/15/53 | 111 | 99,331 | ||||
BPCRE Ltd. (Cayman Islands), | |||||||
Series 2021-FL01, Class A, 144A, 1 Month LIBOR + 0.850% (Cap N/A, Floor 0.850%) | |||||||
1.291%(c) | 02/15/37 | 2 | 1,635 | ||||
BXMT Ltd. (Cayman Islands), | |||||||
Series 2020-FL02, Class B, 144A, 30 Day Average SOFR + 1.514% (Cap N/A, Floor 1.400%) | |||||||
1.564%(c) | 02/15/38 | 100 | 99,078 | ||||
Series 2021-FL04, Class AS, 144A, 1 Month LIBOR + 1.300% (Cap N/A, Floor 1.300%) | |||||||
1.697%(c) | 05/15/38 | 248 | 244,312 | ||||
Series 2021-FL04, Class B, 144A, 1 Month LIBOR + 1.550% (Cap N/A, Floor 1.550%) | |||||||
1.947%(c) | 05/15/38 | 543 | 533,462 |
A12
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Cantor Commercial Real Estate Lending, | |||||||
Series 2019-CF02, Class A5 | |||||||
2.874% | 11/15/52 | 347 | $333,891 | ||||
Commercial Mortgage Trust, | |||||||
Series 2015-PC01, Class A5 | |||||||
3.902% | 07/10/50 | 145 | 146,851 | ||||
FHLMC Multifamily Structured Pass-Through Certificates, | |||||||
Series K066, Class A2 | |||||||
3.117% | 06/25/27 | 800 | 812,607 | ||||
Series K078, Class A2 | |||||||
3.854% | 06/25/28 | 160 | 168,919 | ||||
Series K097, Class X1, IO | |||||||
1.090%(cc) | 07/25/29 | 100 | 6,770 | ||||
Series K098, Class X1, IO | |||||||
1.144%(cc) | 08/25/29 | 149 | 10,611 | ||||
GS Mortgage Securities Trust, | |||||||
Series 2017-GS06, Class A3 | |||||||
3.433% | 05/10/50 | 250 | 249,513 | ||||
LoanCore Issuer Ltd. (Cayman Islands), | |||||||
Series 2019-CRE03, Class B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | |||||||
1.997%(c) | 04/15/34 | 90 | 88,970 | ||||
MF1 Multifamily Housing Mortgage Loan Trust, | |||||||
Series 2021-FL05, Class C, 144A, 1 Month Term SOFR + 1.814% (Cap N/A, Floor 1.700%) | |||||||
2.143%(c) | 07/15/36 | 142 | 138,539 | ||||
Morgan Stanley Capital I Trust, | |||||||
Series 2017-H01, Class A5 | |||||||
3.530% | 06/15/50 | 200 | 201,262 | ||||
Series 2019-H07, Class A4 | |||||||
3.261% | 07/15/52 | 161 | 158,038 | ||||
PFP Ltd. (Cayman Islands), | |||||||
Series 2021-07, Class B, 144A, 1 Month LIBOR + 1.400% (Cap N/A, Floor 1.400%) | |||||||
1.831%(c) | 04/14/38 | 100 | 98,192 | ||||
Series 2021-07, Class C, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 1.650%) | |||||||
2.081%(c) | 04/14/38 | 100 | 96,511 | ||||
Series 2021-08, Class D, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | |||||||
2.581%(c) | 08/09/37 | 730 | 720,894 | ||||
Ready Capital Mortgage Financing LLC, | |||||||
Series 2021-FL07, Class C, 144A, 1 Month LIBOR + 2.200% (Cap N/A, Floor 2.200%) | |||||||
2.657%(c) | 11/25/36 | 100 | 99,276 | ||||
Series 2021-FL07, Class D, 144A, 1 Month LIBOR + 2.950% (Cap N/A, Floor 2.950%) | |||||||
3.407%(c) | 11/25/36 | 100 | 97,298 | ||||
UBS Commercial Mortgage Trust, | |||||||
Series 2017-C07, Class A4 | |||||||
3.679% | 12/15/50 | 255 | 258,435 | ||||
Series 2018-C08, Class A4 | |||||||
3.983% | 02/15/51 | 463 | 477,435 | ||||
Series 2019-C16, Class A4 | |||||||
3.605% | 04/15/52 | 200 | 200,330 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Commercial Mortgage-Backed Securities (continued) | |||||||
Series 2019-C17, Class A4 | |||||||
2.921% | 10/15/52 | 768 | $737,963 | ||||
Wells Fargo Commercial Mortgage Trust, | |||||||
Series 2016-LC25, Class A4 | |||||||
3.640% | 12/15/59 | 401 | 405,212 | ||||
Series 2017-C42, Class A4 | |||||||
3.589% | 12/15/50 | 510 | 515,265 | ||||
Series 2018-C46, Class A4 | |||||||
4.152% | 08/15/51 | 808 | 840,596 | ||||
Total Commercial Mortgage-Backed Securities (cost $8,726,704) | 8,431,056 | ||||||
Corporate Bonds — 8.7% | |||||||
Aerospace & Defense — 0.1% | |||||||
Boeing Co. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.196% | 02/04/26 | 346 | 327,366 | ||||
5.150% | 05/01/30 | 98 | 104,376 | ||||
5.705% | 05/01/40 | 92 | 103,050 | ||||
5.805% | 05/01/50 | 89 | 102,705 | ||||
TransDigm, Inc., | |||||||
Gtd. Notes | |||||||
4.625% | 01/15/29 | 549 | 513,655 | ||||
1,151,152 | |||||||
Agriculture — 0.1% | |||||||
BAT Capital Corp. (United Kingdom), | |||||||
Gtd. Notes | |||||||
3.222% | 08/15/24 | 102 | 101,967 | ||||
4.742% | 03/16/32 | 344 | 346,107 | ||||
4.906% | 04/02/30 | 260 | 267,510 | ||||
BAT International Finance PLC (United Kingdom), | |||||||
Gtd. Notes | |||||||
4.448% | 03/16/28 | 333 | 333,781 | ||||
1,049,365 | |||||||
Airlines — 0.0% | |||||||
Azul Investments LLP (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
7.250% | 06/15/26(a) | 200 | 168,657 | ||||
Auto Manufacturers — 0.1% | |||||||
Ford Motor Credit Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 05/28/27 | 200 | 203,339 | ||||
General Motors Financial Co., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
5.100% | 01/17/24 | 200 | 206,961 | ||||
Hyundai Capital America, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 10/15/27 | 95 | 87,272 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
1.800% | 01/10/28 | 135 | 119,548 | ||||
Volkswagen Group of America Finance LLC (Germany), | |||||||
Gtd. Notes, 144A | |||||||
3.200% | 09/26/26 | 200 | 196,108 |
A13
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Auto Manufacturers (cont’d.) | |||||||
3.750% | 05/13/30 | 200 | $199,304 | ||||
1,012,532 | |||||||
Banks — 1.5% | |||||||
ABQ Finance Ltd. (Qatar), | |||||||
Gtd. Notes, EMTN | |||||||
2.000% | 07/06/26 | 230 | 215,659 | ||||
Banco Bradesco SAs (Brazil), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
4.375% | 03/18/27(a) | 286 | 286,635 | ||||
Banco Continental SAECA (Paraguay), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.750% | 12/10/25 | 193 | 176,745 | ||||
Banco de Reservas de la Republica Dominicana (Dominican Republic), | |||||||
Sub. Notes | |||||||
7.000% | 02/01/23 | 175 | 177,630 | ||||
Banco del Estado de Chile (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.704% | 01/09/25 | 400 | 397,653 | ||||
Banco Industrial SA (Guatemala), | |||||||
Sub. Notes, 144A | |||||||
4.875%(ff) | 01/29/31 | 175 | 169,029 | ||||
Bangkok Bank PCL (Thailand), | |||||||
Sub. Notes, 144A | |||||||
3.466%(ff) | 09/23/36(a) | 370 | 331,498 | ||||
Sub. Notes, 144A, MTN | |||||||
3.733%(ff) | 09/25/34 | 316 | 294,281 | ||||
Sub. Notes, EMTN | |||||||
3.733%(ff) | 09/25/34 | 200 | 186,254 | ||||
Banistmo SA (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 07/31/27 | 226 | 218,571 | ||||
Bank Hapoalim BM (Israel), | |||||||
Sub. Notes, 144A | |||||||
3.255%(ff) | 01/21/32 | 353 | 325,914 | ||||
Bank Leumi Le-Israel BM (Israel), | |||||||
Sub. Notes, 144A | |||||||
3.275%(ff) | 01/29/31 | 200 | 187,452 | ||||
Bank Negara Indonesia Persero Tbk PT (Indonesia), | |||||||
Sub. Notes, EMTN | |||||||
3.750% | 03/30/26 | 281 | 266,768 | ||||
Bank of America Corp., | |||||||
Jr. Sub. Notes, Series Z | |||||||
6.500%(ff) | 10/23/24(oo) | 239 | 251,089 | ||||
Sr. Unsec’d. Notes | |||||||
2.572%(ff) | 10/20/32 | 871 | 793,280 | ||||
3.004%(ff) | 12/20/23 | 250 | 250,635 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.496%(ff) | 02/13/31 | 483 | 443,195 | ||||
4.271%(ff) | 07/23/29 | 200 | 206,550 | ||||
Barclays PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
2.894%(ff) | 11/24/32 | 225 | 204,209 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
4.972%(ff) | 05/16/29 | 200 | 209,984 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
BPCE SA (France), | |||||||
Sub. Notes, 144A, MTN | |||||||
4.500% | 03/15/25 | 200 | $202,466 | ||||
CBQ Finance Ltd. (Qatar), | |||||||
Gtd. Notes, EMTN | |||||||
2.000% | 05/12/26 | 211 | 198,928 | ||||
China Construction Bank Corp. (China), | |||||||
Sub. Notes | |||||||
4.250%(ff) | 02/27/29 | 200 | 202,683 | ||||
Citigroup, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.666%(ff) | 01/29/31 | 500 | 464,484 | ||||
Commercial Bank PSQC (The) (Qatar), | |||||||
Jr. Sub. Notes | |||||||
4.500%(ff) | 03/03/26(oo) | 224 | 217,084 | ||||
Credit Suisse Group AG (Switzerland), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 03/26/25 | 250 | 249,261 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.091%(ff) | 05/14/32 | 250 | 224,935 | ||||
Deutsche Bank AG (Germany), | |||||||
Sr. Unsec’d. Notes | |||||||
2.311%(ff) | 11/16/27 | 301 | 276,932 | ||||
Development Bank of Kazakhstan JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 05/06/31 | 226 | 184,901 | ||||
4.125% | 12/10/22 | 400 | 389,465 | ||||
Emirates NBD Bank PJSC (United Arab Emirates), | |||||||
Jr. Sub. Notes | |||||||
6.125%(ff) | 04/09/26(oo) | 258 | 262,927 | ||||
Goldman Sachs Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.650%(ff) | 10/21/32 | 370 | 336,069 | ||||
HSBC Holdings PLC (United Kingdom), | |||||||
Jr. Sub. Notes | |||||||
4.000%(ff) | 03/09/26(oo) | 200 | 189,524 | ||||
4.700%(ff) | 03/09/31(a)(oo) | 341 | 306,932 | ||||
Industrial & Commercial Bank of China Macau Ltd. (Macau), | |||||||
Sub. Notes | |||||||
2.875%(ff) | 09/12/29 | 300 | 293,999 | ||||
Ipoteka-Bank ATIB (Uzbekistan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.500% | 11/19/25 | 200 | 177,600 | ||||
JPMorgan Chase & Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.545%(ff) | 11/08/32 | 398 | 363,274 | ||||
2.739%(ff) | 10/15/30 | 461 | 436,187 | ||||
3.509%(ff) | 01/23/29 | 186 | 185,730 | ||||
Sub. Notes | |||||||
2.956%(ff) | 05/13/31 | 242 | 226,886 | ||||
Lloyds Banking Group PLC (United Kingdom), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 01/11/27 | 447 | 448,076 | ||||
Mitsubishi UFJ Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.048% | 07/17/30 | 521 | 461,813 |
A14
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Banks (cont’d.) | |||||||
Morgan Stanley, | |||||||
Sr. Unsec’d. Notes, GMTN | |||||||
2.699%(ff) | 01/22/31 | 500 | $467,746 | ||||
Sr. Unsec’d. Notes, MTN | |||||||
2.188%(ff) | 04/28/26(a) | 700 | 677,180 | ||||
National Bank of Uzbekistan (Uzbekistan), | |||||||
Sr. Unsec’d. Notes | |||||||
4.850% | 10/21/25 | 261 | 220,340 | ||||
NBK SPC Ltd. (Kuwait), | |||||||
Gtd. Notes, 144A | |||||||
1.625%(ff) | 09/15/27 | 294 | 268,786 | ||||
Oversea-Chinese Banking Corp. Ltd. (Singapore), | |||||||
Sub. Notes, 144A | |||||||
1.832%(ff) | 09/10/30 | 204 | 192,055 | ||||
QNB Finance Ltd. (Qatar), | |||||||
Gtd. Notes, EMTN | |||||||
2.750% | 02/12/27 | 207 | 201,609 | ||||
State Savings Bank of Ukraine Via SSB #1 PLC (Ukraine), | |||||||
Sr. Unsec’d. Notes | |||||||
9.375% | 03/10/23 | 20 | 13,195 | ||||
9.625% | 03/20/25 | 150 | 75,000 | ||||
Sumitomo Mitsui Financial Group, Inc. (Japan), | |||||||
Sr. Unsec’d. Notes | |||||||
2.130% | 07/08/30 | 524 | 468,941 | ||||
Sumitomo Mitsui Trust Bank Ltd. (Japan), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
0.850% | 03/25/24 | 435 | 416,785 | ||||
UBS Group AG (Switzerland), | |||||||
Jr. Sub. Notes, 144A | |||||||
4.375%(ff) | 02/10/31(oo) | 477 | 430,598 | ||||
United Overseas Bank Ltd. (Singapore), | |||||||
Sub. Notes, 144A | |||||||
3.863%(ff) | 10/07/32(hh) | 200 | 200,000 | ||||
Sub. Notes, 144A, MTN | |||||||
2.000%(ff) | 10/14/31 | 298 | 276,877 | ||||
Uzbek Industrial & Construction Bank ATB (Uzbekistan), | |||||||
Sr. Unsec’d. Notes | |||||||
5.750% | 12/02/24 | 200 | 179,342 | ||||
Wells Fargo & Co., | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
2.572%(ff) | 02/11/31 | 675 | 627,217 | ||||
Westpac Banking Corp. (Australia), | |||||||
Sub. Notes | |||||||
2.894%(ff) | 02/04/30 | 119 | 114,849 | ||||
16,723,707 | |||||||
Beverages — 0.1% | |||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.700% | 02/01/36 | 234 | 254,324 | ||||
Anheuser-Busch InBev Worldwide, Inc. (Belgium), | |||||||
Gtd. Notes | |||||||
4.500% | 06/01/50 | 360 | 386,444 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Beverages (cont’d.) | |||||||
Becle SAB de CV (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
2.500% | 10/14/31 | 230 | $204,867 | ||||
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL (Guatemala), | |||||||
Gtd. Notes, 144A | |||||||
5.250% | 04/27/29 | 380 | 379,003 | ||||
Cia Cervecerias Unidas SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.350% | 01/19/32 | 258 | 245,225 | ||||
1,469,863 | |||||||
Building Materials — 0.2% | |||||||
Cemex SAB de CV (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 07/11/31 | 215 | 196,188 | ||||
7.375% | 06/05/27 | 200 | 214,243 | ||||
GCC SAB de CV (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
3.614% | 04/20/32(a) | 294 | 273,055 | ||||
Johnson Controls International PLC, | |||||||
Sr. Unsec’d. Notes | |||||||
6.000% | 01/15/36 | 77 | 94,492 | ||||
Martin Marietta Materials, Inc., | |||||||
Sr. Unsec’d. Notes, Series CB | |||||||
2.500% | 03/15/30 | 31 | 28,420 | ||||
Masco Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
7.750% | 08/01/29 | 200 | 243,922 | ||||
Standard Industries, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.375% | 01/15/31 | 240 | 210,756 | ||||
4.375% | 07/15/30 | 190 | 174,070 | ||||
Vulcan Materials Co., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 06/01/30 | 235 | 233,494 | ||||
1,668,640 | |||||||
Chemicals — 0.3% | |||||||
Axalta Coating Systems LLC, | |||||||
Gtd. Notes, 144A | |||||||
3.375% | 02/15/29 | 165 | 145,072 | ||||
Braskem Idesa SAPI (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.990% | 02/20/32 | 217 | 213,286 | ||||
Consolidated Energy Finance SA (Switzerland), | |||||||
Gtd. Notes, 144A | |||||||
5.625% | 10/15/28 | 321 | 298,945 | ||||
6.500% | 05/15/26 | 240 | 245,400 | ||||
Equate Petrochemical BV (Kuwait), | |||||||
Gtd. Notes, 144A, MTN | |||||||
2.625% | 04/28/28 | 200 | 185,129 | ||||
GC Treasury Center Co. Ltd. (Thailand), | |||||||
Gtd. Notes, 144A, MTN | |||||||
5.200% | 03/30/52 | 200 | 206,047 |
A15
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Chemicals (cont’d.) | |||||||
MEGlobal Canada ULC (Kuwait), | |||||||
Gtd. Notes, 144A, MTN | |||||||
5.875% | 05/18/30 | 400 | $445,073 | ||||
OCP SA (Morocco), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 04/25/44 | 200 | 203,900 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.750% | 06/23/31 | 400 | 363,214 | ||||
5.125% | 06/23/51 | 223 | 187,248 | ||||
Sasol Financing USA LLC (South Africa), | |||||||
Gtd. Notes | |||||||
4.375% | 09/18/26 | 256 | 245,869 | ||||
5.500% | 03/18/31 | 415 | 388,157 | ||||
Synthos SA (Poland), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
2.500% | 06/07/28 | EUR | 218 | 210,813 | |||
3,338,153 | |||||||
Commercial Services — 0.1% | |||||||
Adani Ports & Special Economic Zone Ltd. (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.000% | 08/02/41 | 298 | 280,170 | ||||
Element Fleet Management Corp. (Canada), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.600% | 04/06/24 | 172 | 166,234 | ||||
ERAC USA Finance LLC, | |||||||
Gtd. Notes, 144A | |||||||
7.000% | 10/15/37 | 100 | 130,920 | ||||
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC (United Arab Emirates), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.125% | 07/31/26 | 200 | 200,910 | ||||
JSW Infrastructure Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.950% | 01/21/29 | 200 | 190,183 | ||||
968,417 | |||||||
Computers — 0.1% | |||||||
Dell International LLC/EMC Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
5.300% | 10/01/29(a) | 489 | 532,648 | ||||
Cosmetics/Personal Care — 0.1% | |||||||
GSK Consumer Healthcare Capital US LLC, | |||||||
Gtd. Notes, 144A | |||||||
3.375% | 03/24/29 | 250 | 247,510 | ||||
3.625% | 03/24/32 | 250 | 250,102 | ||||
497,612 | |||||||
Distribution/Wholesale — 0.0% | |||||||
American Builders & Contractors Supply Co., Inc., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.000% | 01/15/28 | 165 | 158,646 | ||||
Diversified Financial Services — 0.4% | |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), | |||||||
Gtd. Notes | |||||||
3.000% | 10/29/28 | 150 | 138,276 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
3.300% | 01/30/32 | 163 | $147,335 | ||||
4.500% | 09/15/23 | 263 | 265,216 | ||||
6.500% | 07/15/25 | 300 | 318,158 | ||||
Avolon Holdings Funding Ltd. (Ireland), | |||||||
Gtd. Notes, 144A | |||||||
3.950% | 07/01/24 | 189 | 188,109 | ||||
4.250% | 04/15/26 | 91 | 90,228 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.125% | 02/21/26 | 160 | 145,617 | ||||
2.750% | 02/21/28 | 145 | 129,861 | ||||
CCBL Cayman 1 Corp. Ltd. (China), | |||||||
Gtd. Notes, EMTN | |||||||
3.500% | 05/16/24 | 200 | 200,352 | ||||
Charles Schwab Corp. (The), | |||||||
Jr. Sub. Notes | |||||||
5.000%(ff) | 06/01/27(oo) | 372 | 372,153 | ||||
Sr. Unsec’d. Notes | |||||||
2.900% | 03/03/32 | 94 | 90,487 | ||||
China Development Bank Financial Leasing Co. Ltd. (China), | |||||||
Sub. Notes | |||||||
2.875%(ff) | 09/28/30 | 200 | 193,384 | ||||
DAE Sukuk Difc Ltd. (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.750% | 02/15/26 | 200 | 194,792 | ||||
E*TRADE Financial Corp., | |||||||
Gtd. Notes | |||||||
4.500% | 06/20/28 | 200 | 208,115 | ||||
Global Aircraft Leasing Co. Ltd. (Cayman Islands), | |||||||
Sr. Unsec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% | |||||||
6.500% | 09/15/24 | 204 | 185,511 | ||||
Intercontinental Exchange, Inc., | |||||||
Gtd. Notes | |||||||
3.100% | 09/15/27 | 165 | 164,337 | ||||
Sr. Unsec’d. Notes | |||||||
2.100% | 06/15/30 | 52 | 47,659 | ||||
LPL Holdings, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.000% | 03/15/29 | 359 | 340,637 | ||||
Muthoot Finance Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A, MTN | |||||||
4.400% | 09/02/23 | 200 | 200,036 | ||||
Power Finance Corp. Ltd. (India), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.950% | 04/23/30 | 250 | 239,677 | ||||
Raymond James Financial, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 07/15/46 | 150 | 169,429 | ||||
Salmon River Export LLC, | |||||||
U.S. Gov’t. Gtd. Notes | |||||||
2.193% | 09/15/26 | 213 | 210,443 | ||||
Shriram Transport Finance Co. Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A, MTN | |||||||
4.400% | 03/13/24 | 326 | 319,219 | ||||
Sr. Sec’d. Notes, EMTN | |||||||
5.100% | 07/16/23 | 200 | 200,117 |
A16
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Diversified Financial Services (cont’d.) | |||||||
Toll Road Investors Partnership II LP, | |||||||
Insured Notes, 144A | |||||||
5.185%(s) | 02/15/43 | 173 | $51,308 | ||||
4,810,456 | |||||||
Electric — 1.0% | |||||||
Adani Transmission Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.250% | 05/21/36 | 362 | 331,163 | ||||
AEP Transmission Co. LLC, | |||||||
Sr. Unsec’d. Notes | |||||||
4.000% | 12/01/46 | 111 | 112,629 | ||||
AES Andes SA (Chile), | |||||||
Jr. Sub. Notes, 144A | |||||||
6.350%(ff) | 10/07/79 | 200 | 197,825 | ||||
AES Panama Generation Holdings SRL (Panama), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 05/31/30 | 299 | 283,366 | ||||
Alfa Desarrollo SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.550% | 09/27/51 | 199 | 172,718 | ||||
Bulgarian Energy Holding EAD (Bulgaria), | |||||||
Sr. Unsec’d. Notes | |||||||
2.450% | 07/22/28 | EUR | 197 | 192,441 | |||
Calpine Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.750% | 03/01/31 | 230 | 206,091 | ||||
Chile Electricity PEC SpA (Chile), | |||||||
Sr. Sec’d. Notes | |||||||
2.882%(s) | 01/25/28 | 275 | 207,406 | ||||
China Southern Power Grid International Finance BVI Co. Ltd. (China), | |||||||
Gtd. Notes | |||||||
4.250% | 09/18/28 | 200 | 209,547 | ||||
Cikarang Listrindo Tbk PT (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 09/14/26 | 200 | 199,066 | ||||
Clearway Energy Operating LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.750% | 03/15/28(a) | 515 | 517,569 | ||||
Comision Federal de Electricidad (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
3.875% | 07/26/33 | 244 | 214,339 | ||||
4.688% | 05/15/29 | 292 | 288,234 | ||||
ContourGlobal Power Holdings SA (Spain), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.125% | 01/01/28 | EUR | 100 | 102,822 | |||
Electricidad Firme de Mexico Holdings SA de CV (Mexico), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.900% | 11/20/26 | 200 | 185,849 | ||||
Emirates Semb Corp. Water & Power Co. PJSC (United Arab Emirates), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.450% | 08/01/35 | 200 | 201,490 | ||||
Empresa de Transmision Electrica SA (Panama), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.125% | 05/02/49 | 200 | 202,947 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Enel Chile SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 06/12/28 | 200 | $206,945 | ||||
Enel Finance International NV (Italy), | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 04/06/28 | 300 | 298,006 | ||||
Energuate Trust (Guatemala), | |||||||
Gtd. Notes | |||||||
5.875% | 05/03/27 | 400 | 391,002 | ||||
EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA (Spain), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.375% | 12/30/30 | 223 | 155,720 | ||||
Engie Energia Chile SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
3.400% | 01/28/30 | 200 | 184,245 | ||||
4.500% | 01/29/25 | 400 | 412,002 | ||||
Eskom Holdings SOC Ltd. (South Africa), | |||||||
Gov’t. Gtd. Notes, 144A, MTN | |||||||
6.350% | 08/10/28 | 200 | 204,374 | ||||
Sr. Unsec’d. Notes | |||||||
7.125% | 02/11/25 | 400 | 387,572 | ||||
FirstEnergy Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.650% | 03/01/30 | 69 | 62,725 | ||||
Sr. Unsec’d. Notes, Series C | |||||||
5.350% | 07/15/47 | 139 | 145,068 | ||||
Greenko Power II Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A, MTN | |||||||
4.300% | 12/13/28 | 213 | 200,129 | ||||
Greenko Wind Projects Mauritius Ltd. (India), | |||||||
Gtd. Notes, 144A | |||||||
5.500% | 04/06/25 | 236 | 235,115 | ||||
Infraestructura Energetica Nova SAB de CV (Mexico), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 01/14/48 | 200 | 173,679 | ||||
Inkia Energy Ltd. (Peru), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.875% | 11/09/27 | 200 | 193,183 | ||||
Israel Electric Corp. Ltd. (Israel), | |||||||
Unsec’d. Notes, 144A, GMTN | |||||||
3.750% | 02/22/32 | 223 | 214,186 | ||||
Jersey Central Power & Light Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.750% | 03/01/32 | 310 | 288,730 | ||||
Mercury Chile Holdco LLC (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 01/24/27 | 200 | 191,471 | ||||
Mong Duong Finance Holdings BV (Vietnam), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 05/07/29 | 250 | 225,068 | ||||
National Central Cooling Co. PJSC (United Arab Emirates), | |||||||
Sr. Unsec’d. Notes | |||||||
2.500% | 10/21/27 | 200 | 183,223 | ||||
NPC Ukrenergo (Ukraine), | |||||||
Gov’t. Gtd. Notes, 144A | |||||||
6.875% | 11/09/26 | 200 | 75,000 |
A17
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Electric (cont’d.) | |||||||
Oryx Funding Ltd. (Oman), | |||||||
Gtd. Notes, 144A | |||||||
5.800% | 02/03/31 | 200 | $200,562 | ||||
Pacific Gas & Electric Co., | |||||||
First Mortgage | |||||||
3.000% | 06/15/28 | 152 | 141,555 | ||||
3.300% | 08/01/40 | 469 | 384,555 | ||||
Perusahaan Listrik Negara PT (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 07/17/49 | 200 | 192,884 | ||||
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.500% | 07/14/28 | 250 | 228,170 | ||||
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak (Indonesia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.850% | 10/14/38 | 200 | 198,541 | ||||
Star Energy Geothermal Wayang Windu Ltd. (Indonesia), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.750% | 04/24/33 | 168 | 177,060 | ||||
State Grid Overseas Investment BVI Ltd. (China), | |||||||
Gtd. Notes, 144A, MTN | |||||||
3.500% | 05/04/27 | 675 | 681,707 | ||||
Termocandelaria Power Ltd. (Colombia), | |||||||
Gtd. Notes, 144A | |||||||
7.875% | 01/30/29 | 340 | 342,720 | ||||
Terraform Global Operating LLC, | |||||||
Gtd. Notes, 144A | |||||||
6.125% | 03/01/26 | 222 | 220,679 | ||||
Transelec SA (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 01/12/29 | 300 | 305,310 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.625% | 07/26/23 | 200 | 204,844 | ||||
11,531,532 | |||||||
Electronics — 0.0% | |||||||
Arrow Electronics, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.950% | 02/15/32 | 287 | 263,902 | ||||
Energy-Alternate Sources — 0.1% | |||||||
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy Pvt Ltd. (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 12/10/24 | 210 | 214,833 | ||||
Empresa Generadora de Electricidad Haina SA (Dominican Republic), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.625% | 11/08/28 | 265 | 245,863 | ||||
FS Luxembourg Sarl (Brazil), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
10.000% | 12/15/25 | 200 | 210,025 | ||||
Greenko Dutch BV (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.850% | 03/29/26 | 194 | 184,387 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Energy-Alternate Sources (cont’d.) | |||||||
Investment Energy Resources Ltd. (Guatemala), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 04/26/29 | 217 | $219,864 | ||||
Sweihan PV Power Co. PJSC (United Arab Emirates), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.625% | 01/31/49 | 200 | 186,651 | ||||
1,261,623 | |||||||
Engineering & Construction — 0.0% | |||||||
Delhi International Airport Ltd. (India), | |||||||
Sr. Sec’d. Notes | |||||||
6.450% | 06/04/29 | 200 | 181,970 | ||||
Hacienda Investments Ltd. Via DME Airport DAC (Russia), | |||||||
Gtd. Notes, 144A | |||||||
5.350% | 02/08/28 | 200 | 20,000 | ||||
India Airport Infra (India), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.250% | 10/25/25 | 288 | 275,177 | ||||
477,147 | |||||||
Entertainment — 0.1% | |||||||
Genm Capital Labuan Ltd. (Malaysia), | |||||||
Gtd. Notes, 144A | |||||||
3.882% | 04/19/31 | 307 | 266,197 | ||||
Magallanes, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.050% | 03/15/42 | 329 | 335,643 | ||||
5.141% | 03/15/52 | 295 | 302,002 | ||||
5.391% | 03/15/62 | 118 | 121,920 | ||||
WMG Acquisition Corp., | |||||||
Sr. Sec’d. Notes, 144A | |||||||
3.000% | 02/15/31(a) | 405 | 363,562 | ||||
1,389,324 | |||||||
Food Service — 0.0% | |||||||
Aramark Services, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 02/01/28 | 100 | 96,994 | ||||
Foods — 0.2% | |||||||
Agrosuper SA (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.600% | 01/20/32 | 150 | 144,580 | ||||
Aragvi Finance International DAC (Moldova), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
8.450% | 04/29/26 | 200 | 166,000 | ||||
Grupo Bimbo SAB de CV (Mexico), | |||||||
Jr. Sub. Notes | |||||||
5.950%(ff) | 04/17/23(oo) | 200 | 203,105 | ||||
Grupo KUO SAB De CV (Mexico), | |||||||
Gtd. Notes | |||||||
5.750% | 07/07/27 | 268 | 264,601 | ||||
Indofood CBP Sukses Makmur Tbk PT (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
3.541% | 04/27/32 | 506 | 455,984 | ||||
4.805% | 04/27/52 | 200 | 173,493 |
A18
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Foods (cont’d.) | |||||||
JBS Finance Luxembourg Sarl, | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 01/15/32 | 225 | $207,108 | ||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||||
Gtd. Notes | |||||||
6.500% | 04/15/29 | 180 | 190,754 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 01/15/30 | 300 | 305,921 | ||||
2,111,546 | |||||||
Gas — 0.1% | |||||||
Boston Gas Co., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.150% | 08/01/27 | 641 | 620,003 | ||||
Gas Natural de Lima y Callao SA (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 04/01/23 | 200 | 203,315 | ||||
KeySpan Gas East Corp., | |||||||
Unsec’d. Notes, 144A | |||||||
2.742% | 08/15/26 | 139 | 133,894 | ||||
NiSource, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.600% | 05/01/30 | 377 | 374,099 | ||||
1,331,311 | |||||||
Healthcare-Products — 0.0% | |||||||
Alcon Finance Corp. (Switzerland), | |||||||
Gtd. Notes, 144A | |||||||
2.600% | 05/27/30 | 200 | 184,986 | ||||
2.750% | 09/23/26 | 200 | 194,127 | ||||
379,113 | |||||||
Healthcare-Services — 0.1% | |||||||
DaVita, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.625% | 06/01/30 | 105 | 98,134 | ||||
HCA, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
4.125% | 06/15/29 | 93 | 94,711 | ||||
Laboratory Corp. of America Holdings, | |||||||
Sr. Unsec’d. Notes | |||||||
4.700% | 02/01/45 | 82 | 87,445 | ||||
Toledo Hospital (The), | |||||||
Sec’d. Notes, Series B | |||||||
5.325% | 11/15/28 | 166 | 174,460 | ||||
Sr. Sec’d. Notes | |||||||
5.750% | 11/15/38 | 62 | 67,399 | ||||
Tower Health, | |||||||
Sec’d. Notes, Series 2020 | |||||||
4.451% | 02/01/50 | 151 | 126,904 | ||||
649,053 | |||||||
Insurance — 0.2% | |||||||
American International Group, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.700% | 07/10/35 | 83 | 89,014 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Insurance (cont’d.) | |||||||
Aon Corp., | |||||||
Gtd. Notes | |||||||
3.750% | 05/02/29(a) | 431 | $440,675 | ||||
Brown & Brown, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.200% | 03/17/32 | 211 | 214,418 | ||||
4.950% | 03/17/52 | 385 | 411,051 | ||||
Corebridge Financial, Inc., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.900% | 04/05/32 | 184 | 183,728 | ||||
4.350% | 04/05/42 | 27 | 26,993 | ||||
4.400% | 04/05/52 | 78 | 77,987 | ||||
Fairfax Financial Holdings Ltd. (Canada), | |||||||
Sr. Unsec’d. Notes | |||||||
3.375% | 03/03/31 | 128 | 119,861 | ||||
4.850% | 04/17/28 | 100 | 103,465 | ||||
Hartford Financial Services Group, Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
2.800% | 08/19/29 | 107 | 101,784 | ||||
Marsh & McLennan Cos., Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
4.200% | 03/01/48 | 134 | 139,032 | ||||
1,908,008 | |||||||
Internet — 0.1% | |||||||
Match Group Holdings II LLC, | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.625% | 10/01/31 | 170 | 153,061 | ||||
Meituan (China), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.125% | 10/28/25 | 200 | 177,281 | ||||
3.050% | 10/28/30(a) | 243 | 195,207 | ||||
MercadoLibre, Inc. (Brazil), | |||||||
Gtd. Notes | |||||||
3.125% | 01/14/31 | 277 | 241,634 | ||||
Prosus NV (China), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.680% | 01/21/30 | 200 | 176,979 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.061% | 07/13/31 | 227 | 188,628 | ||||
4.027% | 08/03/50 | 200 | 151,106 | ||||
United Group BV (Netherlands), | |||||||
Sr. Sec’d. Notes | |||||||
3.625% | 02/15/28 | EUR | 100 | 99,921 | |||
Sr. Sec’d. Notes, 144A | |||||||
4.625% | 08/15/28 | EUR | 100 | 103,429 | |||
1,487,246 | |||||||
Investment Companies — 0.1% | |||||||
Dua Capital Ltd. (Malaysia), | |||||||
Sr. Unsec’d. Notes | |||||||
2.780% | 05/11/31 | 400 | 362,517 | ||||
Huarong Finance 2019 Co. Ltd. (China), | |||||||
Gtd. Notes, EMTN | |||||||
3.750% | 05/29/24 | 250 | 244,065 | ||||
606,582 |
A19
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Iron/Steel — 0.1% | |||||||
CSN Inova Ventures (Brazil), | |||||||
Gtd. Notes | |||||||
6.750% | 01/28/28 | 200 | $207,371 | ||||
JSW Steel Ltd. (India), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.050% | 04/05/32 | 333 | 308,677 | ||||
516,048 | |||||||
Lodging — 0.1% | |||||||
Hilton Domestic Operating Co., Inc., | |||||||
Gtd. Notes, 144A | |||||||
3.625% | 02/15/32(a) | 400 | 361,668 | ||||
Las Vegas Sands Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 08/18/26 | 62 | 58,526 | ||||
Marriott International, Inc., | |||||||
Sr. Unsec’d. Notes, Series EE | |||||||
5.750% | 05/01/25 | 9 | 9,557 | ||||
Sr. Unsec’d. Notes, Series FF | |||||||
4.625% | 06/15/30 | 229 | 239,028 | ||||
Sr. Unsec’d. Notes, Series GG | |||||||
3.500% | 10/15/32 | 173 | 164,740 | ||||
Sr. Unsec’d. Notes, Series HH | |||||||
2.850% | 04/15/31 | 91 | 83,179 | ||||
Sr. Unsec’d. Notes, Series II | |||||||
2.750% | 10/15/33 | 416 | 366,992 | ||||
1,283,690 | |||||||
Machinery-Construction & Mining — 0.0% | |||||||
BWX Technologies, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 06/30/28 | 123 | 118,592 | ||||
Machinery-Diversified — 0.1% | |||||||
CNH Industrial NV (United Kingdom), | |||||||
Sr. Unsec’d. Notes, MTN | |||||||
3.850% | 11/15/27 | 189 | 190,290 | ||||
Westinghouse Air Brake Technologies Corp., | |||||||
Gtd. Notes | |||||||
4.950% | 09/15/28 | 400 | 422,609 | ||||
612,899 | |||||||
Media — 0.2% | |||||||
Cable Onda SA (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/30/30 | 250 | 242,129 | ||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 08/15/30 | 105 | 98,592 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||||
Sr. Sec’d. Notes | |||||||
4.908% | 07/23/25 | 100 | 103,547 | ||||
5.250% | 04/01/53(a) | 492 | 498,468 | ||||
6.484% | 10/23/45 | 200 | 227,948 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Media (cont’d.) | |||||||
CSC Holdings LLC, | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 12/01/30(a) | 400 | $352,225 | ||||
4.500% | 11/15/31 | 240 | 215,088 | ||||
Discovery Communications LLC, | |||||||
Gtd. Notes | |||||||
4.650% | 05/15/50(a) | 256 | 249,884 | ||||
Sirius XM Radio, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 07/01/30(a) | 345 | 323,275 | ||||
5.500% | 07/01/29 | 185 | 187,710 | ||||
VTR Finance NV (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
6.375% | 07/15/28 | 200 | 193,984 | ||||
2,692,850 | |||||||
Mining — 0.2% | |||||||
Anglo American Capital PLC (South Africa), | |||||||
Gtd. Notes, 144A | |||||||
2.250% | 03/17/28 | 200 | 183,333 | ||||
2.875% | 03/17/31(a) | 200 | 183,471 | ||||
3.875% | 03/16/29 | 200 | 200,036 | ||||
4.750% | 03/16/52 | 200 | 208,446 | ||||
ERO Copper Corp. (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
6.500% | 02/15/30 | 189 | 184,343 | ||||
First Quantum Minerals Ltd. (Zambia), | |||||||
Gtd. Notes | |||||||
7.500% | 04/01/25 | 200 | 203,278 | ||||
Gtd. Notes, 144A | |||||||
6.875% | 10/15/27 | 286 | 299,099 | ||||
Glencore Funding LLC (Australia), | |||||||
Gtd. Notes, 144A | |||||||
2.850% | 04/27/31 | 231 | 211,296 | ||||
Minsur SA (Peru), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 10/28/31 | 200 | 193,176 | ||||
Novelis Corp., | |||||||
Gtd. Notes, 144A | |||||||
3.250% | 11/15/26 | 45 | 42,991 | ||||
3.875% | 08/15/31 | 224 | 204,833 | ||||
Volcan Cia Minera SAA (Peru), | |||||||
Sr. Unsec’d. Notes | |||||||
4.375% | 02/11/26 | 59 | 56,588 | ||||
2,170,890 | |||||||
Oil & Gas — 1.1% | |||||||
Diamondback Energy, Inc., | |||||||
Gtd. Notes | |||||||
4.400% | 03/24/51 | 110 | 111,526 | ||||
Ecopetrol SA (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.625% | 11/02/31 | 91 | 82,364 | ||||
Empresa Nacional del Petroleo (Chile), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
3.450% | 09/16/31 | 245 | 224,651 |
A20
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Energean Israel Finance Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.875% | 03/30/26 | 218 | $211,478 | ||||
5.375% | 03/30/28 | 303 | 293,120 | ||||
Energean PLC (Egypt), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.500% | 04/30/27 | 278 | 265,714 | ||||
Eni SpA (Italy), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.250% | 05/09/29 | 259 | 267,240 | ||||
Sr. Unsec’d. Notes, Series XR, 144A | |||||||
4.000% | 09/12/23 | 200 | 203,008 | ||||
Gazprom PJSC via Gaz Finance PLC (Russia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.850% | 11/17/28 | EUR | 228 | 95,846 | |||
KazMunayGas National Co. JSC (Kazakhstan), | |||||||
Sr. Unsec’d. Notes | |||||||
6.375% | 10/24/48 | 200 | 188,030 | ||||
Leviathan Bond Ltd. (Israel), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
6.125% | 06/30/25 | 193 | 196,310 | ||||
6.500% | 06/30/27 | 114 | 117,168 | ||||
6.750% | 06/30/30 | 426 | 439,204 | ||||
Marathon Petroleum Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 09/15/44 | 433 | 440,673 | ||||
MC Brazil Downstream Trading Sarl (Brazil), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
7.250% | 06/30/31(a) | 271 | 249,277 | ||||
Medco Bell Pte Ltd. (Indonesia), | |||||||
Sr. Sec’d. Notes | |||||||
6.375% | 01/30/27 | 254 | 246,572 | ||||
Medco Laurel Tree Pte Ltd. (Indonesia), | |||||||
Gtd. Notes, 144A | |||||||
6.950% | 11/12/28 | 295 | 287,477 | ||||
MOL Hungarian Oil & Gas PLC (Hungary), | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 10/08/27 | EUR | 101 | 104,071 | |||
Petroleos Mexicanos (Mexico), | |||||||
Gtd. Notes | |||||||
5.950% | 01/28/31(a) | 523 | 483,033 | ||||
6.350% | 02/12/48 | 260 | 204,827 | ||||
6.490% | 01/23/27 | 81 | 82,170 | ||||
6.500% | 03/13/27 | 175 | 177,662 | ||||
6.500% | 06/02/41 | 189 | 156,142 | ||||
6.700% | 02/16/32 | 683 | 648,850 | ||||
6.840% | 01/23/30 | 225 | 223,571 | ||||
6.950% | 01/28/60 | 314 | 255,684 | ||||
7.690% | 01/23/50 | 916 | 800,761 | ||||
Gtd. Notes, MTN | |||||||
6.750% | 09/21/47(a) | 732 | 595,255 | ||||
6.875% | 08/04/26 | 81 | 84,691 | ||||
Petronas Capital Ltd. (Malaysia), | |||||||
Gtd. Notes, 144A, MTN | |||||||
3.500% | 04/21/30 | 200 | 203,816 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Oil & Gas (cont’d.) | |||||||
Puma International Financing SA (Singapore), | |||||||
Gtd. Notes, 144A | |||||||
5.000% | 01/24/26 | 400 | $376,711 | ||||
Qatar Energy (Qatar), | |||||||
Sr. Unsec’d. Notes | |||||||
3.125% | 07/12/41 | 200 | 182,923 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.250% | 07/12/31 | 244 | 225,574 | ||||
3.300% | 07/12/51 | 200 | 184,642 | ||||
SA Global Sukuk Ltd. (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
1.602% | 06/17/26 | 200 | 188,066 | ||||
Saudi Arabian Oil Co. (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 11/24/70 | 233 | 197,925 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
2.250% | 11/24/30 | 200 | 183,117 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.250% | 04/16/39 | 200 | 205,438 | ||||
Sinopec Group Overseas Development 2014 Ltd. (China), | |||||||
Gtd. Notes, 144A | |||||||
4.375% | 04/10/24 | 300 | 308,077 | ||||
State Oil Co. of the Azerbaijan Republic (Azerbaijan), | |||||||
Sr. Unsec’d. Notes | |||||||
6.950% | 03/18/30 | 1,150 | 1,279,382 | ||||
Tengizchevroil Finance Co. International Ltd. (Kazakhstan), | |||||||
Sr. Sec’d. Notes | |||||||
3.250% | 08/15/30 | 271 | 219,292 | ||||
4.000% | 08/15/26 | 600 | 546,222 | ||||
Uzbekneftegaz JSC (Uzbekistan), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.750% | 11/16/28 | 222 | 181,064 | ||||
12,218,624 | |||||||
Oil & Gas Services — 0.0% | |||||||
Halliburton Co., | |||||||
Sr. Unsec’d. Notes | |||||||
2.920% | 03/01/30 | 150 | 145,201 | ||||
5.000% | 11/15/45 | 23 | 24,962 | ||||
170,163 | |||||||
Packaging & Containers — 0.1% | |||||||
Canpack SA/Canpack US LLC (Poland), | |||||||
Gtd. Notes, 144A | |||||||
3.125% | 11/01/25 | 200 | 185,191 | ||||
3.875% | 11/15/29 | 200 | 173,972 | ||||
Crown Americas LLC/Crown Americas Capital Corp. VI, | |||||||
Gtd. Notes | |||||||
4.750% | 02/01/26 | 305 | 308,681 | ||||
SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA (Peru), | |||||||
Gtd. Notes, 144A | |||||||
3.500% | 08/02/28 | 355 | 319,445 | ||||
987,289 |
A21
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pharmaceuticals — 0.1% | |||||||
Cigna Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.400% | 03/15/30 | 215 | $199,036 | ||||
Jazz Securities DAC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.375% | 01/15/29 | 275 | 266,425 | ||||
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
4.125% | 04/30/28 | 275 | 262,020 | ||||
727,481 | |||||||
Pipelines — 0.5% | |||||||
Abu Dhabi Crude Oil Pipeline LLC (United Arab Emirates), | |||||||
Sr. Sec’d. Notes | |||||||
4.600% | 11/02/47 | 200 | 212,000 | ||||
Cheniere Corpus Christi Holdings LLC, | |||||||
Sr. Sec’d. Notes, 144A | |||||||
2.742% | 12/31/39 | 222 | 194,257 | ||||
Cheniere Energy Partners LP, | |||||||
Gtd. Notes | |||||||
4.500% | 10/01/29(a) | 604 | 606,947 | ||||
Enbridge, Inc. (Canada), | |||||||
Gtd. Notes | |||||||
4.250% | 12/01/26 | 189 | 195,228 | ||||
Galaxy Pipeline Assets Bidco Ltd. (United Arab Emirates), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
1.750% | 09/30/27 | 486 | 466,862 | ||||
2.160% | 03/31/34(a) | 394 | 363,199 | ||||
2.625% | 03/31/36 | 349 | 313,357 | ||||
2.940% | 09/30/40 | 295 | 266,826 | ||||
3.250% | 09/30/40 | 459 | 415,553 | ||||
Kinder Morgan Energy Partners LP, | |||||||
Gtd. Notes | |||||||
5.400% | 09/01/44 | 186 | 201,306 | ||||
MPLX LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.950% | 03/14/52 | 459 | 478,067 | ||||
ONEOK, Inc., | |||||||
Gtd. Notes | |||||||
5.200% | 07/15/48 | 134 | 143,222 | ||||
Plains All American Pipeline LP/PAA Finance Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.550% | 12/15/29 | 64 | 61,875 | ||||
3.800% | 09/15/30(a) | 484 | 473,913 | ||||
Sabine Pass Liquefaction LLC, | |||||||
Sr. Sec’d. Notes | |||||||
4.200% | 03/15/28 | 184 | 189,317 | ||||
4.500% | 05/15/30 | 173 | 181,294 | ||||
Southern Gas Corridor CJSC (Azerbaijan), | |||||||
Gov’t. Gtd. Notes | |||||||
6.875% | 03/24/26 | 400 | 437,974 | ||||
Gov’t. Gtd. Notes, 144A | |||||||
6.875% | 03/24/26 | 260 | 284,683 | ||||
Spectra Energy Partners LP, | |||||||
Gtd. Notes | |||||||
3.375% | 10/15/26 | 282 | 281,560 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Pipelines (cont’d.) | |||||||
Targa Resources Corp., | |||||||
Gtd. Notes | |||||||
4.200% | 02/01/33 | 57 | $57,518 | ||||
4.950% | 04/15/52 | 93 | 94,649 | ||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||||
Gtd. Notes | |||||||
5.875% | 04/15/26 | 151 | 155,749 | ||||
6,075,356 | |||||||
Real Estate — 0.0% | |||||||
Shimao Group Holdings Ltd. (China), | |||||||
Sr. Unsec’d. Notes | |||||||
5.600% | 07/15/26 | 250 | 69,500 | ||||
Sunac China Holdings Ltd. (China), | |||||||
Sr. Sec’d. Notes | |||||||
7.500% | 02/01/24 | 200 | 51,422 | ||||
Times China Holdings Ltd. (China), | |||||||
Sr. Sec’d. Notes | |||||||
6.750% | 07/08/25 | 220 | 86,863 | ||||
207,785 | |||||||
Real Estate Investment Trusts (REITs) — 0.4% | |||||||
American Tower Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
2.100% | 06/15/30 | 1,000 | 872,730 | ||||
3.550% | 07/15/27 | 189 | 187,672 | ||||
3.800% | 08/15/29 | 21 | 20,927 | ||||
Boston Properties LP, | |||||||
Sr. Unsec’d. Notes | |||||||
2.450% | 10/01/33 | 598 | 521,026 | ||||
2.550% | 04/01/32(a) | 399 | 359,791 | ||||
Brixmor Operating Partnership LP, | |||||||
Sr. Unsec’d. Notes | |||||||
4.050% | 07/01/30 | 116 | 116,358 | ||||
Crown Castle International Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
1.350% | 07/15/25 | 263 | 245,726 | ||||
Equinix, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
1.800% | 07/15/27 | 500 | 455,848 | ||||
2.150% | 07/15/30(a) | 488 | 428,502 | ||||
Iron Mountain, Inc., | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 02/15/31(a) | 525 | 484,335 | ||||
SBA Communications Corp., | |||||||
Sr. Unsec’d. Notes | |||||||
3.125% | 02/01/29 | 220 | 199,997 | ||||
3.875% | 02/15/27(a) | 322 | 314,264 | ||||
4,207,176 | |||||||
Retail — 0.1% | |||||||
Grupo Axo SAPI de CV (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
5.750% | 06/08/26 | 200 | 188,384 |
A22
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Retail (cont’d.) | |||||||
Penske Automotive Group, Inc., | |||||||
Gtd. Notes | |||||||
3.750% | 06/15/29 | 295 | $263,896 | ||||
TJX Cos., Inc. (The), | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 04/15/30 | 98 | 102,163 | ||||
554,443 | |||||||
Semiconductors — 0.1% | |||||||
Broadcom, Inc., | |||||||
Gtd. Notes | |||||||
4.150% | 11/15/30 | 439 | 444,720 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.137% | 11/15/35 | 147 | 129,601 | ||||
3.187% | 11/15/36 | 96 | 84,358 | ||||
3.469% | 04/15/34 | 163 | 150,964 | ||||
NXP BV/NXP Funding LLC/NXP USA, Inc. (China), | |||||||
Gtd. Notes, 144A | |||||||
2.700% | 05/01/25 | 20 | 19,430 | ||||
829,073 | |||||||
Software — 0.1% | |||||||
Fiserv, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.650% | 06/01/30(a) | 286 | 264,091 | ||||
3.500% | 07/01/29 | 70 | 68,885 | ||||
Roper Technologies, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.000% | 06/30/30 | 500 | 445,364 | ||||
SS&C Technologies, Inc., | |||||||
Gtd. Notes, 144A | |||||||
5.500% | 09/30/27 | 300 | 302,407 | ||||
1,080,747 | |||||||
Telecommunications — 0.3% | |||||||
AT&T, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
3.500% | 09/15/53 | 98 | 86,648 | ||||
CT Trust (Guatemala), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 02/03/32 | 200 | 199,891 | ||||
Ooredoo International Finance Ltd. (Qatar), | |||||||
Gtd. Notes, 144A, MTN | |||||||
2.625% | 04/08/31 | 240 | 224,904 | ||||
PPF Telecom Group BV (Netherlands), | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
3.250% | 09/29/27 | EUR | 199 | 215,190 | |||
Rogers Communications, Inc. (Canada), | |||||||
Gtd. Notes, 144A | |||||||
4.500% | 03/15/42(a) | 377 | 382,889 | ||||
4.550% | 03/15/52 | 377 | 379,039 | ||||
Switch Ltd., | |||||||
Gtd. Notes, 144A | |||||||
4.125% | 06/15/29 | 180 | 177,078 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Corporate Bonds (continued) | |||||||
Telecommunications (cont’d.) | |||||||
Telefonica Celular del Paraguay SA (Paraguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.875% | 04/15/27 | 200 | $202,532 | ||||
T-Mobile USA, Inc., | |||||||
Sr. Sec’d. Notes | |||||||
2.550% | 02/15/31 | 431 | 390,847 | ||||
4.375% | 04/15/40 | 34 | 34,289 | ||||
Total Play Telecomunicaciones SA de CV (Mexico), | |||||||
Gtd. Notes, 144A | |||||||
6.375% | 09/20/28 | 277 | 244,469 | ||||
Verizon Communications, Inc., | |||||||
Sr. Unsec’d. Notes | |||||||
2.100% | 03/22/28 | 83 | 77,480 | ||||
2.550% | 03/21/31(a) | 423 | 393,017 | ||||
4.272% | 01/15/36 | 500 | 527,366 | ||||
VTR Comunicaciones SpA (Chile), | |||||||
Sr. Sec’d. Notes, 144A | |||||||
5.125% | 01/15/28 | 200 | 189,668 | ||||
3,725,307 | |||||||
Transportation — 0.1% | |||||||
Acu Petroleo Luxembourg Sarl (Brazil), | |||||||
Sr. Sec’d. Notes | |||||||
7.500% | 07/13/35 | 250 | 231,083 | ||||
Autoridad del Canal de Panama (Panama), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
4.950% | 07/29/35 | 200 | 225,252 | ||||
Indian Railway Finance Corp. Ltd. (India), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.800% | 02/10/31 | 444 | 397,031 | ||||
3.570% | 01/21/32 | 200 | 189,684 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
2.800% | 02/10/31 | 200 | 178,843 | ||||
MV24 Capital BV (Brazil), | |||||||
Sr. Sec’d. Notes | |||||||
6.748% | 06/01/34 | 181 | 175,854 | ||||
Ukraine Railways Via Rail Capital Markets PLC (Ukraine), | |||||||
Sr. Unsec’d. Notes | |||||||
7.875% | 07/15/26 | 200 | 55,000 | ||||
8.250% | 07/09/24 | 200 | 60,000 | ||||
1,512,747 | |||||||
Trucking & Leasing — 0.0% | |||||||
DAE Funding LLC (United Arab Emirates), | |||||||
Gtd. Notes, 144A | |||||||
3.375% | 03/20/28 | 200 | 187,634 | ||||
Water — 0.0% | |||||||
Aegea Finance Sarl (Brazil), | |||||||
Gtd. Notes, 144A | |||||||
5.750% | 10/10/24 | 200 | 201,512 | ||||
Total Corporate Bonds (cost $103,531,847) | 97,123,535 |
A23
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Municipal Bonds — 0.1% | |||||||
Florida — 0.1% | |||||||
Escambia County Health Facilities Authority, | |||||||
Taxable, Revenue Bonds | |||||||
3.607% | 08/15/40 | 30 | $28,527 | ||||
State Board of Administration Finance Corp., | |||||||
Taxable, Revenue Bonds, Series A | |||||||
2.154% | 07/01/30 | 384 | 350,450 | ||||
378,977 | |||||||
Illinois — 0.0% | |||||||
Sales Tax Securitization Corp., | |||||||
Taxable, Revenue Bonds, Series B | |||||||
3.411% | 01/01/43 | 90 | 82,457 | ||||
New Jersey — 0.0% | |||||||
New Jersey Economic Development Authority, | |||||||
Revenue Bonds, Series A | |||||||
7.425% | 02/15/29 | 176 | 206,323 | ||||
Puerto Rico — 0.0% | |||||||
Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth, | |||||||
Taxable, Revenue Bonds, Series B | |||||||
9.120% | 06/01/22 | 100 | 102,269 | ||||
Total Municipal Bonds (cost $817,838) | 770,026 | ||||||
Residential Mortgage-Backed Securities — 0.0% | |||||||
Fannie Mae REMICS, | |||||||
Series 2010-43, Class AH | |||||||
3.250% | 05/25/40 | 4 | 3,633 | ||||
Series 2014-10, Class KM | |||||||
3.500% | 09/25/43 | 11 | 11,200 | ||||
Series 2014-35, Class CA | |||||||
3.500% | 06/25/44 | 7 | 6,625 | ||||
Series 2017-33, Class LB | |||||||
3.000% | 05/25/39 | 13 | 12,631 | ||||
Freddie Mac REMICS, | |||||||
Series 4533, Class GA | |||||||
3.000% | 06/15/28 | 16 | 16,422 | ||||
Government National Mortgage Assoc., | |||||||
Series 2012-12, Class KN | |||||||
4.500% | 09/20/41 | 4 | 4,336 | ||||
Seasoned Credit Risk Transfer Trust, | |||||||
Series 2019-02, Class MV | |||||||
3.500% | 08/25/58 | 9 | 9,089 | ||||
Series 2019-03, Class MA | |||||||
3.500% | 10/25/58 | 10 | 9,773 | ||||
Series 2019-03, Class MV | |||||||
3.500% | 10/25/58 | 9 | 9,175 | ||||
Series 2019-04, Class MA | |||||||
3.000% | 02/25/59 | 12 | 11,824 | ||||
Series 2019-04, Class MV | |||||||
3.000% | 02/25/59 | 9 | 9,139 | ||||
Total Residential Mortgage-Backed Securities (cost $106,186) | 103,847 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds — 4.1% | |||||||
Angolan Government International Bond (Angola), | |||||||
Sr. Unsec’d. Notes | |||||||
9.375% | 05/08/48 | 400 | $393,183 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
8.000% | 11/26/29 | 200 | 200,876 | ||||
9.125% | 11/26/49 | 622 | 606,138 | ||||
Argentine Republic Government International Bond (Argentina), | |||||||
Sr. Unsec’d. Notes | |||||||
1.125%(cc) | 07/09/35 | 256 | 78,337 | ||||
2.000%(cc) | 01/09/38 | 2,520 | 950,922 | ||||
2.500%(cc) | 07/09/41 | 2,038 | 722,781 | ||||
Benin Government International Bond (Benin), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 01/19/32 | EUR | 100 | 96,523 | |||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 01/19/32 | EUR | 184 | 177,601 | |||
6.875% | 01/19/52 | EUR | 100 | 92,771 | |||
Bermuda Government International Bond (Bermuda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
2.375% | 08/20/30 | 241 | 221,092 | ||||
3.375% | 08/20/50 | 203 | 179,837 | ||||
Brazil Notas do Tesouro Nacional (Brazil), | |||||||
Notes, Series NTNF | |||||||
10.000% | 01/01/29 | BRL | 855 | 167,994 | |||
Brazilian Government International Bond (Brazil), | |||||||
Sr. Unsec’d. Notes | |||||||
4.750% | 01/14/50(a) | 465 | 389,669 | ||||
Chile Government International Bond (Chile), | |||||||
Sr. Unsec’d. Notes | |||||||
2.750% | 01/31/27 | 200 | 195,869 | ||||
4.340% | 03/07/42 | 297 | 305,804 | ||||
Colombia Government International Bond (Colombia), | |||||||
Sr. Unsec’d. Notes | |||||||
3.125% | 04/15/31 | 250 | 212,042 | ||||
4.500% | 01/28/26 | 200 | 199,889 | ||||
Costa Rica Government International Bond (Costa Rica), | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 04/04/44 | 600 | 589,953 | ||||
7.158% | 03/12/45 | 625 | 620,005 | ||||
Croatia Government International Bond (Croatia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.750% | 03/04/41 | EUR | 101 | 100,420 | |||
Dominican Republic International Bond (Dominican Republic), | |||||||
Sr. Unsec’d. Notes | |||||||
5.500% | 01/27/25 | 200 | 206,995 | ||||
5.875% | 01/30/60 | 900 | 768,738 | ||||
5.950% | 01/25/27 | 200 | 205,598 | ||||
6.400% | 06/05/49 | 450 | 422,923 | ||||
6.500% | 02/15/48 | 200 | 191,289 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.500% | 01/30/30 | 150 | 138,079 | ||||
4.875% | 09/23/32 | 484 | 438,955 | ||||
5.300% | 01/21/41 | 173 | 150,890 | ||||
5.500% | 02/22/29 | 309 | 306,218 | ||||
5.875% | 01/30/60 | 514 | 439,035 | ||||
6.000% | 02/22/33 | 369 | 360,199 |
A24
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Ecuador Government International Bond (Ecuador), | |||||||
Sr. Unsec’d. Notes | |||||||
0.500%(cc) | 07/31/40 | 945 | $543,279 | ||||
1.000%(cc) | 07/31/35 | 918 | 600,836 | ||||
5.000%(cc) | 07/31/30 | 32 | 26,679 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
0.500%(cc) | 07/31/40 | 363 | 208,803 | ||||
1.000%(cc) | 07/31/35 | 577 | 377,513 | ||||
Egypt Government International Bond (Egypt), | |||||||
Sr. Unsec’d. Notes | |||||||
6.588% | 02/21/28(a) | 500 | 464,351 | ||||
8.700% | 03/01/49 | 400 | 341,038 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
8.875% | 05/29/50 | 200 | 172,483 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
5.800% | 09/30/27 | 200 | 182,986 | ||||
6.375% | 04/11/31 | EUR | 100 | 94,768 | |||
7.053% | 01/15/32 | 600 | 527,640 | ||||
7.500% | 02/16/61 | 271 | 214,729 | ||||
8.500% | 01/31/47 | 750 | 641,986 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
7.053% | 01/15/32 | 200 | 175,880 | ||||
El Salvador Government International Bond (El Salvador), | |||||||
Sr. Unsec’d. Notes | |||||||
8.250% | 04/10/32 | 184 | 92,542 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.125% | 01/20/50 | 200 | 89,615 | ||||
Export-Import Bank of India (India), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.250% | 01/13/31(a) | 372 | 320,522 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.000% | 01/14/23 | 250 | 251,485 | ||||
Gabon Government International Bond (Gabon), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
7.000% | 11/24/31 | 200 | 191,878 | ||||
Ghana Government International Bond (Ghana), | |||||||
Bank Gtd. Notes | |||||||
10.750% | 10/14/30 | 270 | 284,336 | ||||
Sr. Unsec’d. Notes | |||||||
7.875% | 02/11/35 | 515 | 358,891 | ||||
8.750% | 03/11/61 | 200 | 137,789 | ||||
Guatemala Government Bond (Guatemala), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 02/13/28 | 200 | 204,855 | ||||
6.125% | 06/01/50 | 632 | 662,069 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.700% | 10/07/33 | 200 | 185,065 | ||||
4.650% | 10/07/41 | 200 | 186,432 | ||||
4.900% | 06/01/30 | 200 | 204,120 | ||||
6.125% | 06/01/50 | 200 | 209,516 | ||||
Indonesia Government International Bond (Indonesia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.100% | 03/12/33 | EUR | 171 | 164,651 | |||
3.400% | 09/18/29 | 200 | 204,402 | ||||
3.550% | 03/31/32 | 200 | 205,342 | ||||
4.350% | 01/11/48 | 609 | 627,903 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.125% | 01/15/25 | 200 | $206,689 | ||||
Ivory Coast Government International Bond (Ivory Coast), | |||||||
Sr. Unsec’d. Notes | |||||||
4.875% | 01/30/32 | EUR | 100 | 97,391 | |||
5.250% | 03/22/30 | EUR | 250 | 255,515 | |||
Sr. Unsec’d. Notes, 144A | |||||||
4.875% | 01/30/32 | EUR | 285 | 277,565 | |||
6.625% | 03/22/48 | EUR | 101 | 97,505 | |||
6.875% | 10/17/40 | EUR | 402 | 404,692 | |||
Jordan Government International Bond (Jordan), | |||||||
Sr. Unsec’d. Notes | |||||||
7.375% | 10/10/47 | 530 | 482,839 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.850% | 07/07/30 | 370 | 345,964 | ||||
Mexican Bonos (Mexico), | |||||||
Bonds, Series M | |||||||
5.750% | 03/05/26 | MXN | 2,500 | 114,701 | |||
7.750% | 05/29/31 | MXN | 2,300 | 112,043 | |||
Mexico Government International Bond (Mexico), | |||||||
Sr. Unsec’d. Notes | |||||||
1.450% | 10/25/33 | EUR | 126 | 117,418 | |||
3.500% | 02/12/34 | 256 | 238,288 | ||||
3.750% | 04/19/71 | 273 | 218,011 | ||||
4.400% | 02/12/52 | 200 | 184,208 | ||||
Morocco Government International Bond (Morocco), | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 11/27/31 | EUR | 100 | 90,825 | |||
2.000% | 09/30/30 | EUR | 121 | 116,969 | |||
4.000% | 12/15/50 | 200 | 160,294 | ||||
4.250% | 12/11/22 | 200 | 202,523 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.000% | 12/15/32 | 256 | 221,862 | ||||
4.000% | 12/15/50 | 200 | 160,294 | ||||
Nigeria Government International Bond (Nigeria), | |||||||
Sr. Unsec’d. Notes | |||||||
7.696% | 02/23/38 | 420 | 366,909 | ||||
7.875% | 02/16/32 | 200 | 189,646 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
7.625% | 11/21/25 | 220 | 228,630 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
6.125% | 09/28/28 | 259 | 237,638 | ||||
7.375% | 09/28/33 | 325 | 295,655 | ||||
Oman Government International Bond (Oman), | |||||||
Sr. Unsec’d. Notes | |||||||
6.250% | 01/25/31 | 200 | 211,965 | ||||
6.500% | 03/08/47 | 400 | 393,232 | ||||
6.750% | 01/17/48 | 700 | 699,146 | ||||
7.000% | 01/25/51 | 416 | 427,156 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.250% | 01/25/31 | 221 | 234,221 | ||||
7.000% | 01/25/51(a) | 400 | 410,727 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
6.000% | 08/01/29 | 400 | 417,745 | ||||
Pakistan Government International Bond (Pakistan), | |||||||
Sr. Unsec’d. Notes | |||||||
7.875% | 03/31/36 | 116 | 80,312 |
A25
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
6.000% | 04/08/26 | 200 | $157,675 | ||||
8.875% | 04/08/51 | 200 | 140,042 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
7.375% | 04/08/31 | 250 | 187,310 | ||||
Panama Bonos del Tesoro (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
3.362% | 06/30/31 | 271 | 254,386 | ||||
Panama Government International Bond (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
4.500% | 01/19/63 | 457 | 440,021 | ||||
Panama Notas del Tesoro (Panama), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/17/26 | 158 | 159,319 | ||||
Paraguay Government International Bond (Paraguay), | |||||||
Sr. Unsec’d. Notes | |||||||
5.000% | 04/15/26 | 200 | 208,636 | ||||
5.400% | 03/30/50 | 400 | 403,648 | ||||
5.600% | 03/13/48 | 200 | 205,057 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.849% | 06/28/33 | 200 | 192,691 | ||||
4.950% | 04/28/31(a) | 600 | 629,537 | ||||
5.400% | 03/30/50 | 400 | 403,648 | ||||
Philippine Government International Bond (Philippines), | |||||||
Sr. Unsec’d. Notes | |||||||
1.200% | 04/28/33 | EUR | 147 | 144,686 | |||
1.750% | 04/28/41 | EUR | 232 | 218,254 | |||
3.556% | 09/29/32 | 239 | 244,765 | ||||
4.200% | 03/29/47 | 253 | 265,318 | ||||
Province of Santa Fe (Argentina), | |||||||
Sr. Unsec’d. Notes | |||||||
7.000% | 03/23/23 | 150 | 139,870 | ||||
Qatar Government International Bond (Qatar), | |||||||
Sr. Unsec’d. Notes | |||||||
3.750% | 04/16/30 | 300 | 317,163 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
4.400% | 04/16/50 | 550 | 617,704 | ||||
4.817% | 03/14/49 | 300 | 356,254 | ||||
Republic of Cameroon International Bond (Cameroon), | |||||||
Sr. Unsec’d. Notes | |||||||
5.950% | 07/07/32 | EUR | 153 | 149,052 | |||
Republic of Kenya Government International Bond (Kenya), | |||||||
Sr. Unsec’d. Notes | |||||||
6.875% | 06/24/24 | 200 | 200,762 | ||||
8.250% | 02/28/48 | 200 | 178,597 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
8.000% | 05/22/32 | 200 | 194,386 | ||||
Republic of South Africa Government Bond (South Africa), | |||||||
Sr. Unsec’d. Notes, Series 2030 | |||||||
8.000% | 01/31/30 | ZAR | 2,693 | 168,388 | |||
Sr. Unsec’d. Notes, Series 2032 | |||||||
8.250% | 03/31/32 | ZAR | 4,277 | 261,482 | |||
Republic of South Africa Government International Bond (South Africa), | |||||||
Sr. Unsec’d. Notes | |||||||
4.300% | 10/12/28 | 200 | 193,043 | ||||
4.850% | 09/30/29 | 200 | 195,504 | ||||
5.750% | 09/30/49 | 820 | 717,022 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
Republic of Uzbekistan International Bond (Uzbekistan), | |||||||
Sr. Unsec’d. Notes | |||||||
3.900% | 10/19/31 | 200 | $173,990 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
3.900% | 10/19/31 | 200 | 173,990 | ||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.700% | 11/25/30 | 246 | 213,664 | ||||
Romanian Government International Bond (Romania), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
3.750% | 02/07/34 | EUR | 45 | 46,565 | |||
Sr. Unsec’d. Notes, EMTN | |||||||
2.000% | 01/28/32 | EUR | 302 | 277,545 | |||
2.000% | 04/14/33 | EUR | 58 | 51,591 | |||
2.124% | 07/16/31 | EUR | 85 | 80,376 | |||
Unsec’d. Notes, 144A | |||||||
2.625% | 12/02/40 | EUR | 200 | 168,613 | |||
2.750% | 04/14/41 | EUR | 131 | 111,399 | |||
Unsec’d. Notes, 144A, MTN | |||||||
1.750% | 07/13/30 | EUR | 274 | 256,362 | |||
2.124% | 07/16/31 | EUR | 83 | 78,485 | |||
Russian Foreign Bond - Eurobond (Russia), | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 06/23/27 | 200 | 46,000 | ||||
4.750% | 05/27/26 | 200 | 44,000 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
5.100% | 03/28/35 | 200 | 32,000 | ||||
Rwanda International Government Bond (Rwanda), | |||||||
Sr. Unsec’d. Notes, 144A | |||||||
5.500% | 08/09/31 | 200 | 182,739 | ||||
Saudi Government International Bond (Saudi Arabia), | |||||||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.250% | 02/02/33 | 434 | 399,645 | ||||
3.250% | 11/17/51 | 258 | 228,429 | ||||
Sr. Unsec’d. Notes, EMTN | |||||||
4.500% | 10/26/46 | 910 | 958,597 | ||||
4.625% | 10/04/47 | 200 | 214,940 | ||||
Senegal Government International Bond (Senegal), | |||||||
Sr. Unsec’d. Notes | |||||||
6.250% | 05/23/33 | 240 | 226,701 | ||||
6.750% | 03/13/48 | 200 | 172,576 | ||||
Serbia International Bond (Serbia), | |||||||
Sr. Unsec’d. Notes | |||||||
1.500% | 06/26/29 | EUR | 102 | 96,027 | |||
3.125% | 05/15/27 | EUR | 100 | 107,737 | |||
Sr. Unsec’d. Notes, 144A | |||||||
3.125% | 05/15/27 | EUR | 177 | 190,695 | |||
Sr. Unsec’d. Notes, 144A, MTN | |||||||
2.050% | 09/23/36 | EUR | 268 | 228,156 | |||
Sr. Unsec’d. Notes, EMTN | |||||||
2.050% | 09/23/36 | EUR | 167 | 142,172 | |||
Sri Lanka Government International Bond (Sri Lanka), | |||||||
Sr. Unsec’d. Notes | |||||||
6.200% | 05/11/27 | 350 | 166,256 | ||||
7.550% | 03/28/30 | 200 | 94,998 | ||||
Turkey Government International Bond (Turkey), | |||||||
Sr. Unsec’d. Notes | |||||||
4.250% | 03/13/25 | 400 | 373,219 |
A26
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
Sovereign Bonds (continued) | |||||||
4.250% | 04/14/26 | 300 | $269,847 | ||||
5.250% | 03/13/30 | 300 | 252,703 | ||||
5.950% | 01/15/31(a) | 400 | 344,805 | ||||
6.375% | 10/14/25 | 267 | 261,253 | ||||
6.500% | 09/20/33 | 332 | 290,095 | ||||
8.600% | 09/24/27 | 200 | 204,742 | ||||
Ukraine Government International Bond (Ukraine), | |||||||
Sr. Unsec’d. Notes | |||||||
0.010%(cc) | 05/31/40 | 771 | 235,155 | ||||
7.253% | 03/15/33 | 400 | 165,000 | ||||
7.375% | 09/25/32 | 600 | 247,500 | ||||
7.750% | 09/01/25 | 225 | 95,625 | ||||
Sr. Unsec’d. Notes, 144A | |||||||
6.876% | 05/21/29 | 420 | 172,200 | ||||
7.253% | 03/15/33 | 266 | 109,725 | ||||
Uruguay Government International Bond (Uruguay), | |||||||
Sr. Unsec’d. Notes | |||||||
3.875% | 07/02/40 | UYU | 1,130 | 31,349 | |||
4.375% | 01/23/31 | 172 | 186,997 | ||||
4.975% | 04/20/55(a) | 662 | 775,728 | ||||
5.100% | 06/18/50 | 39 | 46,217 | ||||
Vietnam Government International Bond (Vietnam), | |||||||
Sr. Unsec’d. Notes | |||||||
4.800% | 11/19/24 | 546 | 564,828 | ||||
Total Sovereign Bonds (cost $51,517,845) | 45,319,043 | ||||||
U.S. Government Agency Obligations — 1.6% | |||||||
Federal Home Loan Mortgage Corp. | |||||||
2.000% | 02/01/42 | 149 | 139,314 | ||||
2.000% | 02/01/52 | 33 | 30,252 | ||||
2.000% | 02/01/52 | 66 | 61,427 | ||||
2.000% | 02/01/52 | 77 | 71,147 | ||||
2.000% | 03/01/52 | 623 | 578,687 | ||||
2.500% | 08/01/40 | 64 | 62,043 | ||||
2.500% | 10/01/51 | 73 | 69,950 | ||||
2.500% | 12/01/51 | 123 | 117,256 | ||||
2.500% | 03/01/52 | 59 | 56,438 | ||||
3.000% | 11/01/42 | 87 | 86,980 | ||||
3.000% | 11/01/46 | 204 | 202,653 | ||||
3.000% | 12/01/46 | 69 | 68,478 | ||||
3.000% | 02/01/50 | 29 | 28,312 | ||||
3.000% | 06/01/50 | 34 | 33,226 | ||||
3.000% | 01/01/52 | 100 | 97,922 | ||||
3.500% | 04/01/32 | 56 | 57,294 | ||||
3.500% | 08/01/32 | 100 | 101,355 | ||||
3.500% | 07/01/42 | 20 | 20,841 | ||||
3.500% | 08/01/46 | 95 | 97,554 | ||||
3.500% | 05/01/49 | 8 | 8,124 | ||||
4.000% | 01/01/40 | 186 | 194,711 | ||||
4.500% | 08/01/46 | 48 | 50,389 | ||||
Federal National Mortgage Assoc. | |||||||
1.500% | 09/01/41 | 72 | 65,528 | ||||
1.500% | 02/01/42 | 25 | 22,492 | ||||
2.000% | TBA | 475 | 460,295 | ||||
2.000% | TBA | 875 | 849,810 | ||||
2.000% | TBA | 1,250 | 1,160,303 |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
2.000% | 02/01/42 | 273 | $255,046 | ||||
2.000% | 03/01/42 | 147 | 137,741 | ||||
2.000% | 04/01/42 | 244 | 229,148 | ||||
2.000% | 12/01/50 | 22 | 20,578 | ||||
2.000% | 01/01/51 | 15 | 14,085 | ||||
2.000% | 02/01/51 | 23 | 21,867 | ||||
2.000% | 03/01/52 | 38 | 35,498 | ||||
2.000% | 03/01/52 | 1,650 | 1,533,515 | ||||
2.500% | TBA | 100 | 98,824 | ||||
2.500% | TBA | 750 | 714,064 | ||||
2.500% | TBA | 1,525 | 1,454,945 | ||||
2.500% | 07/01/40 | 39 | 38,420 | ||||
2.500% | 03/01/42 | 125 | 120,491 | ||||
2.500% | 04/01/42 | 179 | 172,645 | ||||
2.500% | 08/01/46 | 90 | 86,526 | ||||
2.500% | 11/01/46 | 21 | 19,904 | ||||
2.500% | 02/01/50 | 11 | 10,412 | ||||
2.500% | 02/01/50 | 27 | 25,919 | ||||
2.500% | 07/01/50 | 24 | 23,398 | ||||
2.500% | 07/01/50 | 40 | 38,103 | ||||
2.500% | 10/01/50 | 127 | 122,001 | ||||
2.500% | 08/01/51 | 47 | 45,080 | ||||
2.500% | 12/01/51 | 98 | 94,231 | ||||
2.500% | 12/01/51 | 147 | 140,765 | ||||
2.500% | 01/01/52 | 124 | 118,446 | ||||
2.500% | 01/01/52 | 124 | 118,465 | ||||
2.500% | 01/01/52 | 124 | 119,044 | ||||
2.500% | 03/01/52 | 67 | 64,073 | ||||
2.500% | 03/01/52 | 156 | 149,697 | ||||
3.000% | TBA | 150 | 151,031 | ||||
3.000% | TBA | 400 | 391,250 | ||||
3.000% | 11/01/28 | 6 | 6,427 | ||||
3.000% | 09/01/32 | 94 | 94,823 | ||||
3.000% | 08/01/33 | 25 | 25,408 | ||||
3.000% | 11/01/46 | 95 | 93,966 | ||||
3.000% | 06/01/51 | 41 | 40,366 | ||||
3.000% | 12/01/51 | 100 | 98,114 | ||||
3.000% | 12/01/51 | 173 | 169,414 | ||||
3.000% | 01/01/52 | 99 | 97,678 | ||||
3.500% | TBA | 75 | 74,677 | ||||
3.500% | TBA | 1,001 | 999,143 | ||||
3.500% | 03/01/42 | 132 | 134,395 | ||||
3.500% | 03/01/46 | 4 | 4,178 | ||||
3.500% | 04/01/46 | 61 | 62,234 | ||||
3.500% | 06/01/46 | 140 | 142,462 | ||||
3.500% | 12/01/47 | 29 | 29,704 | ||||
3.500% | 05/01/49 | 28 | 28,632 | ||||
4.000% | TBA | 75 | 76,005 | ||||
4.000% | TBA | 450 | 457,573 | ||||
4.000% | 06/01/39 | 236 | 246,482 | ||||
4.000% | 03/01/45 | 140 | 146,548 | ||||
4.000% | 02/01/46 | 49 | 51,235 | ||||
4.000% | 04/01/46 | 48 | 50,344 | ||||
5.000% | 11/01/33 | 41 | 44,215 | ||||
5.000% | 06/01/40 | 42 | 45,076 | ||||
5.000% | 10/01/41 | 68 | 73,685 |
A27
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Interest Rate | Maturity Date | Principal Amount (000)# | Value | ||||
U.S. Government Agency Obligations(continued) | |||||||
Government National Mortgage Assoc. | |||||||
2.000% | 01/20/52 | 348 | $332,147 | ||||
2.500% | 08/20/51 | 72 | 69,577 | ||||
2.500% | 09/20/51 | 193 | 187,818 | ||||
2.500% | 11/20/51 | 295 | 286,214 | ||||
3.000% | TBA | 725 | 716,476 | ||||
3.000% | 06/20/46 | 87 | 86,870 | ||||
3.000% | 09/20/47 | 15 | 15,086 | ||||
3.000% | 11/20/51 | 147 | 145,268 | ||||
3.000% | 02/20/52 | 100 | 98,639 | ||||
3.500% | TBA | 250 | 251,367 | ||||
3.500% | TBA | 725 | 726,699 | ||||
3.500% | 01/15/42 | 86 | 88,020 | ||||
3.500% | 04/20/46 | 39 | 39,430 | ||||
3.500% | 05/20/46 | 98 | 99,738 | ||||
4.000% | TBA | 106 | 107,923 | ||||
4.000% | TBA | 200 | 203,164 | ||||
4.500% | 04/20/49 | 42 | 43,408 | ||||
5.000% | 06/20/48 | 25 | 26,129 | ||||
Total U.S. Government Agency Obligations (cost $18,604,256) | 18,174,750 | ||||||
U.S. Treasury Obligations — 1.8% | |||||||
U.S. Treasury Bonds | |||||||
1.125% | 08/15/40 | 500 | 391,719 | ||||
1.375% | 11/15/40 | 1,450 | 1,185,148 | ||||
1.750% | 08/15/41 | 650 | 562,961 | ||||
2.375% | 11/15/49 | 1,450 | 1,416,469 | ||||
2.500% | 02/15/46 | 957 | 936,963 | ||||
3.500% | 02/15/39 | 633 | 724,785 | ||||
U.S. Treasury Notes | |||||||
0.125% | 12/31/22 | 975 | 965,516 | ||||
0.375% | 10/31/23(k) | 6,500 | 6,318,965 | ||||
0.750% | 12/31/23 | 8,300 | 8,085,043 | ||||
Total U.S. Treasury Obligations (cost $21,574,814) | 20,587,569 | ||||||
Total Long-Term Investments (cost $839,273,059) | 984,946,031 |
Shares | |||||
Short-Term Investments — 18.7% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(wa) | 141,420,570 | 141,420,570 | |||
PGIM Institutional Money Market Fund (cost $67,808,954; includes $67,796,571 of cash collateral for securities on loan)(b)(wa) | 67,866,114 | 67,805,035 | |||
Total Short-Term Investments (cost $209,229,524) | 209,225,605 | ||||
TOTAL INVESTMENTS—106.9% (cost $1,048,502,583) | 1,194,171,636 | ||||
Liabilities in excess of other assets(z) — (6.9)% | (77,563,990) | ||||
Net Assets — 100.0% | $1,116,607,646 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
BRL | Brazilian Real |
CLP | Chilean Peso |
CZK | Czech Koruna |
EUR | Euro |
HUF | Hungarian Forint |
INR | Indian Rupee |
KZT | Kazakhstani Tenge |
MXN | Mexican Peso |
PLN | Polish Zloty |
RUB | Russian Ruble |
UYU | Uruguayan Peso |
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. |
ADR | American Depositary Receipt |
BATE | CBOE- Europe – BXE Order Books |
CLO | Collateralized Loan Obligation |
CVA | Certificate Van Aandelen (Bearer) |
EAFE | Europe, Australasia, Far East |
EMTN | Euro Medium Term Note |
FHLMC | Federal Home Loan Mortgage Corporation |
GMTN | Global Medium Term Note |
IO | Interest Only (Principal amount represents notional) |
LIBOR | London Interbank Offered Rate |
LP | Limited Partnership |
MLP | Master Limited Partnership |
MSCI | Morgan Stanley Capital International |
MTN | Medium Term Note |
NYSE | New York Stock Exchange |
PIK | Payment-in-Kind |
PJSC | Public Joint-Stock Company |
PRFC | Preference Shares |
REITs | Real Estate Investment Trust |
REMICS | Real Estate Mortgage Investment Conduit Security |
RTS | Russian Trading System |
S&P | Standard & Poor’s |
SOFR | Secured Overnight Financing Rate |
TBA | To Be Announced |
UTS | Unit Trust Security |
XHKG | Hong Kong Stock Exchange |
XNGS | NASDAQ Global Select Exchange |
XTSE | Toronto 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 $30 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 $65,460,455; cash collateral of $67,796,571 (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. |
A28
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at March 31, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of March 31, 2022. 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. |
(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. |
(hh) | When-issued security. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(oo) | Perpetual security. Maturity date represents next call date. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wa) | PGIM Investments LLC, the co-manager of the Portfolio, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
(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, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
47 | 2 Year U.S. Treasury Notes | Jun. 2022 | $9,960,328 | $(122,072) | ||||
33 | 5 Year U.S. Treasury Notes | Jun. 2022 | 3,784,688 | (152) | ||||
5 | 10 Year U.S. Treasury Notes | Jun. 2022 | 614,375 | (16,748) | ||||
47 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2022 | 8,324,875 | (315,539) | ||||
421 | Mini MSCI EAFE Index | Jun. 2022 | 45,139,620 | 2,868,888 | ||||
294 | S&P 500 E-Mini Index | Jun. 2022 | 66,602,025 | 4,154,775 | ||||
6,569,152 | ||||||||
Short Positions: | ||||||||
10 | 10 Year Euro-Bund | Jun. 2022 | 1,755,176 | 76,973 | ||||
59 | 10 Year U.S. Ultra Treasury Notes | Jun. 2022 | 7,992,656 | 154,659 | ||||
231,632 | ||||||||
$6,800,784 |
Forward foreign currency
exchange contracts outstanding at March 31, 2022:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 05/03/22 | Citibank, N.A. | BRL | 284 | $55,635 | $59,103 | $3,468 | $— | ||||||
Expiring 05/03/22 | Goldman Sachs International | BRL | 686 | 134,966 | 142,865 | 7,899 | — | ||||||
Chilean Peso, | |||||||||||||
Expiring 04/26/22 | Barclays Bank PLC | CLP | 22,473 | 27,958 | 28,429 | 471 | — | ||||||
Expiring 04/26/22 | Citibank, N.A. | CLP | 177,673 | 221,096 | 224,758 | 3,662 | — | ||||||
Expiring 04/26/22 | Goldman Sachs International | CLP | 43,811 | 54,396 | 55,421 | 1,025 | — | ||||||
Expiring 04/26/22 | Goldman Sachs International | CLP | 28,974 | 36,017 | 36,652 | 635 | — | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | CZK | 3,463 | 153,663 | 156,797 | 3,134 | — | ||||||
Expiring 04/08/22 | Morgan Stanley & Co. International PLC | CZK | 3,807 | 175,066 | 172,372 | — | (2,694) | ||||||
Expiring 07/15/22 | BNP Paribas S.A. | CZK | 3,464 | 155,335 | 155,059 | — | (276) | ||||||
Expiring 07/15/22 | Goldman Sachs International | CZK | 1,157 | 51,522 | 51,791 | 269 | — | ||||||
Expiring 07/15/22 | JPMorgan Chase Bank, N.A. | CZK | 1,135 | 51,145 | 50,806 | — | (339) | ||||||
Euro, | |||||||||||||
Expiring 04/08/22 | Barclays Bank PLC | EUR | 107 | 118,011 | 118,395 | 384 | — | ||||||
Expiring 04/08/22 | Goldman Sachs International | EUR | 318 | 365,654 | 351,865 | — | (13,789) | ||||||
Expiring 04/08/22 | Goldman Sachs International | EUR | 126 | 144,273 | 139,418 | — | (4,855) | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 121 | 134,530 | 133,672 | — | (858) | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 93 | 102,919 | 103,168 | 249 | — | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 40 | 46,083 | 44,551 | — | (1,532) | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 23 | 26,233 | 25,687 | — | (546) |
A29
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Forward foreign currency exchange
contracts outstanding at March 31, 2022 (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.): | |||||||||||||
Euro (cont’d.), | |||||||||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | EUR | 96 | $107,856 | $105,882 | $— | $(1,974) | ||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | EUR | 92 | 104,697 | 101,850 | — | (2,847) | ||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | EUR | 78 | 85,342 | 86,595 | 1,253 | — | ||||||
Expiring 04/08/22 | Morgan Stanley & Co. International PLC | EUR | 5,548 | 6,150,296 | 6,139,054 | — | (11,242) | ||||||
Expiring 04/08/22 | Morgan Stanley & Co. International PLC | EUR | 165 | 188,366 | 182,144 | — | (6,222) | ||||||
Expiring 04/08/22 | Morgan Stanley & Co. International PLC | EUR | 11 | 11,533 | 11,694 | 161 | — | ||||||
Expiring 04/08/22 | State Street Bank & Trust Company | EUR | 134 | 153,808 | 148,270 | — | (5,538) | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/08/22 | State Street Bank & Trust Company | HUF | 36,466 | 115,149 | 109,690 | — | (5,459) | ||||||
Indian Rupee, | |||||||||||||
Expiring 06/15/22 | Barclays Bank PLC | INR | 15,379 | 198,856 | 200,548 | 1,692 | — | ||||||
Kazakhstani Tenge, | |||||||||||||
Expiring 05/03/22 | JPMorgan Chase Bank, N.A. | KZT | 97,794 | 219,762 | 204,104 | — | (15,658) | ||||||
Mexican Peso, | |||||||||||||
Expiring 04/08/22 | BNP Paribas S.A. | MXN | 2,103 | 102,056 | 105,586 | 3,530 | — | ||||||
Expiring 04/08/22 | Brown Brothers Harriman & Co. | MXN | 392 | 19,677 | 19,686 | 9 | — | ||||||
Expiring 04/08/22 | Goldman Sachs International | MXN | 2,281 | 109,743 | 114,523 | 4,780 | — | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/08/22 | Goldman Sachs International | PLN | 656 | 153,085 | 156,020 | 2,935 | — | ||||||
Expiring 07/15/22 | BNP Paribas S.A. | PLN | 221 | 51,512 | 52,040 | 528 | — | ||||||
Expiring 07/15/22 | Goldman Sachs International | PLN | 651 | 153,541 | 153,292 | — | (249) | ||||||
Expiring 07/15/22 | JPMorgan Chase Bank, N.A. | PLN | 221 | 52,046 | 52,039 | — | (7) | ||||||
Russian Ruble, | |||||||||||||
Expiring 04/25/22 | Citibank, N.A. | RUB | 4,275 | 58,646 | 50,423 | — | (8,223) | ||||||
Expiring 04/25/22 | Goldman Sachs International | RUB | 25,014 | 342,913 | 295,038 | — | (47,875) | ||||||
South African Rand, | |||||||||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | ZAR | 7,149 | 489,397 | 488,756 | — | (641) | ||||||
$10,922,783 | $10,828,043 | 36,084 | (130,824) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Brazilian Real, | |||||||||||||
Expiring 05/03/22 | JPMorgan Chase Bank, N.A. | BRL | 558 | $106,428 | $116,125 | $— | $(9,697) | ||||||
Chilean Peso, | |||||||||||||
Expiring 04/26/22 | Barclays Bank PLC | CLP | 107,338 | 131,140 | 135,784 | — | (4,644) | ||||||
Czech Koruna, | |||||||||||||
Expiring 04/08/22 | BNP Paribas S.A. | CZK | 3,464 | 157,078 | 156,842 | 236 | — | ||||||
Expiring 04/08/22 | Goldman Sachs International | CZK | 1,007 | 46,347 | 45,595 | 752 | — | ||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | CZK | 1,793 | 82,544 | 81,183 | 1,361 | — | ||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | CZK | 1,006 | 46,296 | 45,549 | 747 | — | ||||||
Euro, | |||||||||||||
Expiring 04/08/22 | Goldman Sachs International | EUR | 6,415 | 7,297,286 | 7,098,123 | 199,163 | — | ||||||
Expiring 04/08/22 | Goldman Sachs International | EUR | 100 | 110,741 | 110,322 | 419 | — | ||||||
Expiring 04/08/22 | Goldman Sachs International | EUR | 23 | 25,616 | 25,519 | 97 | — | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 146 | 163,815 | 161,102 | 2,713 | — | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 145 | 165,445 | 160,073 | 5,372 | — | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 99 | 112,989 | 109,835 | 3,154 | — | ||||||
Expiring 04/08/22 | HSBC Bank PLC | EUR | 25 | 27,294 | 27,270 | 24 | — | ||||||
Expiring 07/15/22 | Morgan Stanley & Co. International PLC | EUR | 5,548 | 6,175,594 | 6,165,804 | 9,790 | — | ||||||
Hungarian Forint, | |||||||||||||
Expiring 04/08/22 | HSBC Bank PLC | HUF | 1 | 3 | 3 | — | — | ||||||
Expiring 04/08/22 | JPMorgan Chase Bank, N.A. | HUF | 36,465 | 113,004 | 109,687 | 3,317 | — |
A30
AST MFS GROWTH ALLOCATION
PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2022 (unaudited) |
Forward foreign currency exchange
contracts outstanding at March 31, 2022 (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.): | |||||||||||||
Indian Rupee, | |||||||||||||
Expiring 06/15/22 | Barclays Bank PLC | INR | 15,411 | $199,271 | $200,966 | $— | $(1,695) | ||||||
Kazakhstani Tenge, | |||||||||||||
Expiring 05/03/22 | Citibank, N.A. | KZT | 49,530 | 108,666 | 103,373 | 5,293 | — | ||||||
Expiring 05/03/22 | Merrill Lynch International | KZT | 48,264 | 105,726 | 100,731 | 4,995 | — | ||||||
Mexican Peso, | |||||||||||||
Expiring 04/08/22 | Goldman Sachs International | MXN | 4,776 | 230,603 | 239,795 | — | (9,192) | ||||||
Polish Zloty, | |||||||||||||
Expiring 04/08/22 | Goldman Sachs International | PLN | 651 | 155,052 | 154,831 | 221 | — | ||||||
Expiring 04/08/22 | UBS AG | PLN | 5 | 1,171 | 1,189 | — | (18) | ||||||
Russian Ruble, | |||||||||||||
Expiring 04/25/22 | Goldman Sachs International | RUB | 6,686 | 87,037 | 78,861 | 8,176 | — | ||||||
Expiring 04/25/22 | Goldman Sachs International | RUB | 4,018 | 51,401 | 47,392 | 4,009 | — | ||||||
Expiring 04/25/22 | JPMorgan Chase Bank, N.A. | RUB | 18,584 | 227,105 | 219,197 | 7,908 | — | ||||||
South African Rand, | |||||||||||||
Expiring 04/08/22 | BNP Paribas S.A. | ZAR | 2,480 | 164,066 | 169,532 | — | (5,466) | ||||||
Expiring 04/08/22 | HSBC Bank PLC | ZAR | 1,706 | 111,932 | 116,626 | — | (4,694) | ||||||
Expiring 04/08/22 | State Street Bank & Trust Company | ZAR | 2,963 | 188,733 | 202,597 | — | (13,864) | ||||||
Expiring 07/15/22 | JPMorgan Chase Bank, N.A. | ZAR | 7,149 | 483,359 | 482,750 | 609 | — | ||||||
$16,875,742 | $16,666,656 | 258,356 | (49,270) | ||||||||||
$294,440 | $(180,094) |
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).
A31