AST COHEN & STEERS 5.51% (PDBL) GLOBAL REAL ESTATE P 5.23% (PDAU) QMA US EQUITY 3.18% (PDX0) LARGE CAP VALUE PORT 2.45% (PDBP) PIMCO TOTAL RETURN B 2.42% S&P 500 FUTURES 03/31/2012 1.89% (PDAT) NEUBERGER MID-CAP GR 1.65% (PD2Z) VALUE PORTFOLIO 1.62% (PDW0) MID-CAP VALUE PORTFO 1.61% (PDBJ) MARSICO CAPITAL GROW 1.59% (PDBK) TROWE LARGE CAP GROW 1.55% (296111) JENNISON LC GROWTH 1.55% (30A0) SMALL CAP VALUE PORT 1.53% (296655) AST PRU CORE BOND 1.39% (PDBD) WESTERN ASSET CORE P 1.39% (3094) GS MID-CAP GROWTH 1.14% (PDBS) LORD ABBETT CORE FIX 1.04% (3044) MFS GROWTH PORTFOLIO 0.96% US T-BILLS 0.055% 03/08/2012 0.94% (296113) JENNISON LC VALUE 0.78% (PDBQ) AST PRU NB CORE BOND 0.69% (3004) GS CONCENTRATED GROW 0.66% VANGUARD MSCI EMERGING MARK 0.56% (3036) GS SMALL-CAP VALUE 0.55% (PDBT) GS LARGE CAP VALUE 0.53% FIN FUT EURO$ CME 06/27/2013 0.52% INDEX SWAP (NDDUEAFE) USDLI 0.48% US 10 YEAR NOTE 04/01/2012 0.47% ISHARES IBOXX H/Y CORP BOND 0.43% ISHARES IBOXX INV GR CORP B 0.40% SPDR BARCLAYS CAPITAL HIGH 0.40% SPDR DOW JONES REIT ETF 0.39% EATON VAN-G MA-I 0.37% (3018) TROWE NATURAL RESOUR 0.36% FIN FUTURE EURO$ CME 12/26/2013 0.35% RUSSIAN FED 7.250% 03/31/2030 0.33% TSY INFL IX N/B 01/15/2020 0.30% TRS (DJUBSTR) INDEX CS 0.29% ISHARES MSCI CANADA 0.27% HIGHBRIDGE ST-SE 0.27% ISHARES S&P GLOBAL 100 0.26% HUSSMAN-STR GRTH 0.25% TSY INFL IX N/B 04/15/2028 0.25% ISHARES JP MORGAN EM BOND F 0.23% ISHARES DJ US REAL ESTATE 0.23% FORUM-AB STRAT-I 0.23% MERGER FUND 0.22% TSY INFL IX N/B 04/15/2029 0.21% US DOLLAR INDEX FUT 04/06/2012 0.20% Security % of Portfolio US T-BILL, ,0.025128% 06/28/2012 0.20% US T-BILL REPO .06% 01/03/2012 0.19% TSY INFL IX N/B 07/15/2020 0.19% TARGA RESOURCES CORP 0.18% GOLD 100 OZ FUTURES FEBRUAR 03/01/2012 0.18% TURKEY REP OF 11/07/2019 0.18% ENBRIDGE INC 0.17% TRANSURBAN GROUP 0.17% FIN FUTURE EURO$ CME 09/26/2013 0.17% WILLIAMS COS INC 0.16% TSY INFL IX N/B 01/15/2028 0.16% TSY INFL IX N/B 01/15/2029 0.16% RUSSIA-EUROBOND 04/29/2015 0.16% FIN FUT EURO$ CME 03/28/2013 0.15% US T-BILL, 0.04% 05/17/2012 0.15% ISHARES INTERMEDIATE CREDIT 0.15% TSY INFL IX N/B 07/15/2017 0.15% TSY INFL IX N/B 01/15/2025 0.13% ALTAGAS LTD 0.13% CHENIERE ENERGY INC 0.13% PETROLEOS MEXICA 06/02/2041 0.13% PPL CORPORATION 0.13% ONEOK INC 0.13% TSY INFL IX N/B 04/15/2014 0.12% APA GROUP 0.12% AES CORP 0.12% INDONESIA (REP) 01/17/2038 0.11% MARKWEST ENERGY PARTNERS LP 0.11% GABELLI-ABC-ADVI 0.11% QR NATIONAL LTD 0.11% CBOE VIX FUTURE 04/01/2012 0.11% UNITED MEXICAN 01/11/2040 0.11% TRANSCANADA CORP 0.10% EXELON CORP 0.10% FIRSTENERGY CORP 0.10% UNION PACIFIC CORP 0.10% INTERNATIONAL POWER PLC 0.10% US T-BILL REPO .07% 01/03/2012 0.10% ECOPETROL SA 07/23/2019 0.10% SSE PLC 0.09% HUNT (JB) TRANSPRT SVCS INC 0.09% CEMIG SA -SPONS ADR 0.09% E.ON AG 0.09% NATIONAL GRID PLC-SP ADR 0.09% PHILIPPINES 6.375% 01/15/2032 0.09% PHILIPPINES(REP) 10/23/2034 0.09% ASG-DIV STRAT-Y 0.09% DIRECIONAL ENGENHARIA SA 0.09% GROUPE EUROTUNNEL SA - REGR 0.09% CCR SA 0.09% GREAT PLAINS ENERGY INC 0.08% FORWARD-L/S C-IS 0.08% VENEZUELA 10/13/2019 0.08% CALPINE CORP 0.08% Asset Allocation Portfolio Holdings 3 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio CENTERPOINT ENERGY INC 0.08% TSY INFL IX N/B 07/15/2016 0.08% RUSSIAN RAILWAYS 04/03/2017 0.08% ISHARES MSCI EAFE INDEX FUN 0.08% ITC HOLDINGS CORP 0.08% EDISON INTERNATIONAL 0.08% ENERGY TRANSFER EQUITY LP 0.08% BRAZIL BOND 7.125% 01/20/2037 0.08% TSY INFL IX N/B 01/15/2014 0.08% HIGH-LONG/SHRT-Z 0.08% RUSSIA-EUROBOND 06/24/2028 0.08% ECORODOVIAS INFRA E LOG SA 0.07% CBOE VIX FUTURE 01/02/2012 0.07% FANNIE MAE 07/01/2040 0.07% TSY INFL IX N/B 01/15/2027 0.07% KAZMUNAYGAS 04/09/2021 0.07% TSY INFL IX N/B 07/15/2015 0.07% CHICAGO BRIDGE & IRON-NY SH 0.07% VENEZUELA 10/13/2024 0.07% PETROLEOS DE VEN 10/28/2014 0.07% CALAMOS-M NE I-I 0.07% TURKEY REP OF 05/30/2040 0.07% INDONESIA (REP) 03/09/2017 0.07% CONSOL ENERGY INC 0.07% EAST JAPAN RAILWAY CO 0.07% MARATHON PETROLEUM CORP 0.07% TRANSNEFT 08/07/2018 0.07% PETROBRAS INTL 03/15/2019 0.07% US INFL TIP19 2.00% 01/15/2016 0.07% LOCALIZA RENT A CAR 0.06% FERROVIAL SA 0.06% KAZMUNAYGAS 05/05/2020 0.06% TURKEY REP OF 07/14/2017 0.06% WI TREASURY SEC. 07/15/2021 0.06% CROWN CASTLE INTL CORP 0.06% CIA PARANAENSE DE ENERGI-PF 0.06% NII HOLDINGS INC 0.06% NATIONAL OILWELL VARCO INC 0.06% (PD90) SMALL-CAP GROWTH 0.06% WESTPAC BANKING 12/14/2012 0.06% GABONESE REP 12/12/2017 0.06% MILLS ESTRUTURAS E SERVICOS 0.06% JIANGSU EXPRESS CO LTD-H 0.06% US T-BILL, 0.1425% 05/03/2012 0.06% TNK-BP FINANCE 03/13/2018 0.06% SBA COMMUNICATIONS CORP-CL 0.06% GEO GROUP INC/THE 0.06% WILLIAMS PARTNERS LP 0.06% PANAMA 04/28/2034 0.06% BRAZIL REP OF 01/20/2034 0.06% TIP-TURNER SP-IS 0.06% RUSSIA-EUROBOND 03/31/2030 0.06% SBERBANK 07/07/2015 0.06% TRACTEBEL ENERGIA SA 0.06% Security % of Portfolio GENON ENERGY INC 0.06% REPUBLIC OF PER 8.75% 11/21/2033 0.06% US T-BILL .183% 06/28/2012 0.05% PEMEX MASTER TR 06/15/2035 0.05% ORIGIN ENERGY LTD 0.05% ROYAL BK SCOTLND 03/30/2012 0.05% SIAS SPA 0.05% CHUNGHWA TELECOM LTD-ADR 0.05% MEXICAN U.S.<br><br> 6.750% 09/27/2034 0.05% FREDDIE MAC 03/21/2013 0.05% TSY INFL IX N/B 07/15/2014 0.05% PETROLEOS DE VEN 11/02/2017 0.05% EMPRESA NAC ELEC-CHIL-SP AD 0.05% REPUBLIC OF PERU 03/30/2019 0.05% TSY INFL IX N/B 02/15/2041 0.05% GOLAR LNG LTD 0.05% ROYAL BK SCOTLND 08/23/2013 0.05% OJSC RUSS AGRIC 05/15/2017 0.05% MACQUARIE BK LTD 12/17/2013 0.05% CLIFFS NATURAL RESOURCES IN 0.05% RWE AG 0.05% US T-BILL .183% 06/28/2012 0.05% C.H. ROBINSON WORLDWIDE INC 0.05% REP OF POLAND 07/15/2019 0.05% FANNIE MAE 12/01/2036 0.05% PETROTRIN 08/14/2019 0.05% INDONESIA (REP) 01/17/2018 0.05% COLOMBIA REP OF 01/18/2041 0.05% MAJAPAHIT HOLD 08/07/2019 0.05% GRUPO AEROPORTUARIO SUR-ADR 0.05% SANTOS BRASIL PARTICIPACOES 0.04% GAZPROM 04/11/2018 0.04% US 5YR NOTE (CBT) 04/30/2012 0.04% TREASURY 12/07/2030 0.04% TURKEY REP OF 03/11/2019 0.04% CITIGROUP INC 06/16/2014 0.04% PETROLEOS DE VEN 04/12/2017 0.04% TSY INFL IX N/B 04/15/2016 0.04% (PD80) FEDERATED AGGRE GRO 0.04% ATLANTIA SPA 0.04% RSHB CAPITAL SA 05/16/2013 0.04% ROSE ROCK MIDSTREAM LP 0.04% URUGUAY 11/18/2022 0.04% ARRMF 2011-1A 0% 11/19/2047 0.04% VTB BANK 10/31/2012 0.04% GAZPROM 04/23/2019 0.04% NATL AUSTRALIABK 07/08/2014 0.04% TSY INFL IX N/B 07/15/2012 0.04% GAZPROM 03/08/2014 0.04% COSCO PACIFIC LTD 0.04% CSN ISLANDS XI 09/21/2019 0.04% US T-BILL, 0.1425% 05/03/2012 0.04% AUSTRALIAN I/L 08/20/2020 0.04% TSY INFL IX N/B 04/15/2013 0.04% Asset Allocation Portfolio Holdings 4 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio US TREASURY N/B 05/15/2041 0.04% FANNIE MAE 12/18/2013 0.04% CANADA-GOV'T 09/01/2016 0.03% BANCO NAC DESENV 06/16/2018 0.03% SOUTH AFRICA 03/09/2020 0.03% ODEBRECHT VIII/I 06/30/2021 0.03% ENEL SPA 0.03% TRANSNEFT 06/27/2012 0.03% MERRILL LYNCH 08/15/2012 0.03% INSTIT CRDT OFCL 03/25/2014 0.03% QATARI DIAR FIN 07/21/2020 0.03% CITIBANK OMNI MASTER TRUST 08/15/2018 0.03% NIBC BANK NV 12/02/2014 0.03% TSY INFL IX N/B 07/15/2013 0.03% CITY TELECOM (H.K.) LTD-ADR 0.03% VALE OVERSEAS 01/17/2034 0.03% CRESCENT POINT ENERGY CORP 0.03% GAZPROM 6.51% 03/07/2022 0.03% GAZPROM 11/29/2015 0.03% GRANITE MORTGAGES PLC. 01/20/2044 0.03% RAS LAFFAN LNG 3 09/30/2019 0.03% SOUTH AFRICA 6.500% 06/02/2014 0.03% TSY INFL IX N/B 01/15/2018 0.03% ST BK INDIA LON 07/27/2015 0.03% BPCE 10/04/2013 0.03% SBERBANK 06/16/2021 0.03% HERA SPA 0.03% PRUD-JENN MK N-Z 0.03% DEXIA CRED LOCAL 04/29/2014 0.03% CENT ELET BRASIL 07/30/2019 0.03% TDC A/S 02/23/2015 0.03% VENEZUELA 04/21/2025 0.03% QATAR STATE OF 01/20/2020 0.03% QTEL INTL 02/16/2021 0.03% ING BANK NV 03/30/2012 0.03% BANCO BRASL (CI) 01/22/2015 0.03% HOLMES MASTER ISSUER PLC 10/15/2054 0.03% COUNTRYWIDE FINL 05/07/2012 0.03% BQ CENT TUNISIE 04/25/2012 0.03% RASGAS II 09/30/2020 0.03% HYUNDAI CAPITAL 07/27/2016 0.03% SUEZ ENVIRONNEMENT CO 0.02% WAHA AEROSPACE B 07/28/2020 0.02% INDONESIA (REP) 03/04/2019 0.02% GARNTAI SR UNSEC, 04/20/2016 0.02% GMAC CANADA LTD 05/23/2012 0.02% FORD MOTOR CRED 08/01/2012 0.02% GTL TRADE FIN 10/20/2017 0.02% MAJAPAHIT HOLD 06/28/2017 0.02% CREDIT SUISSE MORTGAGE CAPI 09/18/2039 0.02% SANTANDER US 03/30/2012 0.02% UBS AG STAMFORD 08/12/2013 0.02% BBVA BANCOMER SA 03/10/2021 0.02% CSN ISLANDS XI 09/21/2019 0.02% Security % of Portfolio BQ CENT TUNISIE 08/09/2027 0.02% AES ANDRES/ITABO 11/12/2020 0.02% BANK OF MONTREAL 06/09/2015 0.02% PANAMA 04/01/2029 0.02% COM FED ELECTRIC 05/26/2021 0.02% BANCO BRASL (CI) 01/20/2016 0.02% ARCH COAL INC 0.02% BTPS I/L 09/15/2021 0.02% VENEZUELA 05/07/2023 0.02% US T-BILL .183% 06/28/2012 0.02% TSY INFL IX N/B 07/15/2019 0.02% KAZMUNAYGAS 05/05/2020 0.02% GOVERNMENT NATIONAL MORTGAG 03/20/2037 0.02% IRS BRC R CDI,11.930% 01/02/2014 0.02% AUSTRALIAN I/L 09/20/2025 0.02% CAN HOUSING TRUS 12/15/2015 0.02% AUSTRALIAN GOVT.<br><br> 01/21/2018 0.02% IPIC GMTN LTD 11/15/2020 0.02% INDIAN OIL CORP 01/22/2015 0.02% US T-BILLS 0.08025% 06/28/2012 0.02% US T-BILL .183% 06/28/2012 0.02% US T-BILL .183% 06/28/2012 0.02% ALROSA FINANCE 11/03/2020 0.02% TURKEY REP OF 03/15/2015 0.02% PETROLEUM EXPORT 0.00% 04/08/2013 0.02% NSWTC-I/L 11/20/2025 0.02% PETROBRAS INTL FIN CO GLBL 01/27/2016 0.02% EXP-IMP BK KOREA 03/13/2012 0.02% FOSSE MASTER ISSUER PLC 10/18/2054 0.02% SBERBANK 03/24/2017 0.02% GOLD FIELDS OROG 10/07/2020 0.02% PETROLEOS DE VEN 10/28/2015 0.02% MBNA CREDIT CARD MASTER NOT 07/17/2014 0.02% URUGUAY 09/28/2025 0.02% BANCO SANTAN BZ 03/18/2014 0.01% ICICI BANK/DUBAI 11/25/2016 0.01% BAHRAIN 03/31/2020 0.01% QTEL INTL 02/16/2021 0.01% ROSS STORES INC 0.01% DESARROLLA HOMEX 12/11/2019 0.01% VALE OVERSEAS 11/10/2039 0.01% AXIATA SPV1 04/28/2020 0.01% MORGAN STANLEY 03/01/2013 0.01% FREDDIE MAC 08/15/2033 0.01% TNK-BP FINANCE 7.25% 02/02/2020 0.01% AMER INTL GROUP 05/01/2036 0.01% TNK-BP FINANCE 03/20/2017 0.01% US T-BILL, 0.045% 06/14/2012 0.01% (3019) PIMCO LIMITED MATURI 0.01% URUGUAY 01/15/2033 0.01% CODELCO INC 09/21/2035 0.01% UK TSY I/L GILT 11/22/2022 0.01% F5 NETWORKS INC 0.01% STEEL DYNAMICS INC 0.01% Asset Allocation Portfolio Holdings 5 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio GS MORTGAGE SECURITIES CORP 08/10/2043 0.01% IRS BRC R CDI,11.930% 01/02/2013 0.01% AKAMAI TECHNOLOGIES INC 0.01% KOREA HYDRO & NU 06/17/2014 0.01% WAHA AEROSPACE B 07/28/2020 0.01% NOBLE GROUP LTD 01/29/2020 0.01% FANNIE MAE 02/25/2041 0.01% VORNADO DP LLC 09/13/2028 0.01% TSY INFL IX N/B 01/15/2015 0.01% EASTMAN CHEMICAL CO 0.01% KAZAKHSTAN TEMIR 10/06/2020 0.01% AMERICAN GENERAL MORTGAGE L 03/25/2058 0.01% CHEVRON CORP 0.01% S FRWD EUR 03/14/2012 0.01% TENGIZCHEVROIL 11/15/2014 0.01% KEYCORP 0.01% BANCO DEL ESTADO 10/07/2020 0.01% FANNIE MAE 03/14/2014 0.01% REP OF SRI LANKA 07/27/2021 0.01% NOVATEK FINANCE 02/03/2021 0.01% CITIBANK OMNI MASTER TRUST 05/16/2016 0.01% ENERSIS SA/CAYMA 01/15/2014 0.01% DESARROLLADORA HOMEX TERML 04/28/2012 0.01% SENEGAL REP OF 05/13/2021 0.01% BCAP 2011-RR5 5A1 08/26/2037 0.01% VISA INC-CLASS A SHARES 0.01% HOSPITALITY PROPERTIES TRUS 0.01% WELLS FARGO & CO 0.01% GENUINE PARTS CO 0.01% MYRIAD GENETICS INC 0.01% LINCOLN ELECTRIC HOLDINGS 0.01% BANCO SANTANDER 01/14/2016 0.01% LIBERTY MEDIA CORP - LIBER- 0.01% APPLE INC 0.01% SEVERSTAL OAO 10/25/2017 0.01% SEACOR HOLDINGS INC 0.01% TUPPERWARE BRANDS CORP 0.01% MASTERCARD INC-CLASS A 0.01% CELANESE CORP-SERIES A 0.01% PENERBANGAN MALA 03/15/2016 0.01% ENTEGRIS INC 0.01% MAGI I-A A 1.835% 04/11/2021 0.01% CF INDUSTRIES HOLDINGS INC 0.01% HALLIBURTON CO 0.01% TURKEY REP OF 09/26/2016 0.01% SLM CORP 0.01% REP OF GUATEMALA 08/01/2013 0.01% AMERICAN WATER WORKS CO INC 0.01% FORD MOTOR CRED 06/01/2014 0.01% CVR ENERGY INC 0.01% BOSTON SCIENTIFC 06/15/2014 0.01% OWENS CORNING 0.01% HARMAN INTERNATIONAL 0.01% UNITED MEXICAN 10/12/2099 0.01% Security % of Portfolio GARDNER DENVER INC 0.01% INTEL CORP 0.01% SLM STUDENT LOAN TRUST 11/16/2043 0.01% RPC INC 0.01% XL GROUP PLC 0.01% HUNTINGTON BANCSHARES INC 0.01% COEUR D'ALENE MINES CORP 0.01% EXP-IMP BK KOREA 06/29/2020 0.01% PANERA BREAD COMPANY-CLASS 0.01% STRUCTURED ASSET MORTGAGE I 07/19/2035 0.01% DOLBY LABORATORIES INC-CL A 0.01% WYNDHAM WORLDWIDE CORP 0.01% METROPCS COMMUNICATIONS INC 0.01% BIOGEN IDEC INC 0.01% VALE OVERSEAS 09/15/2020 0.01% KHFC 12/15/2015 0.01% ISRAEL ELECTRIC 01/15/2019 0.01% MOLSON COORS BREWING CO -B 0.01% AVAGO TECHNOLOGIES LTD 0.01% CROCS INC 0.01% SEALED AIR CORP 0.01% BANCO NAC DESENV 09/15/2017 0.01% COVENTRY HEALTH CARE INC 0.01% FACTSET RESEARCH SYSTEMS IN 0.01% COMPUTER PROGRAMS & SYSTEMS 0.01% FREEPORT-MCMORAN COPPER 0.01% AVIS BUDGET GROUP INC 0.01% TYSON FOODS INC-CL A 0.01% INDO ENERGY FIN 05/07/2018 0.01% BANCO SANTANDER 09/22/2015 0.01% KT CORP 06/24/2014 0.01% QUESTAR CORP 0.01% PEABODY ENERGY CORP 0.01% CORPORATE OFFICE PROPERTIES 0.01% KENNAMETAL INC 0.01% HSBC FINANCE 07/19/2012 0.01% LEHMAN BROTHERS FLOATING RA 06/15/2022 0.01% TEMASEK FINL I 11/23/2039 0.01% PT ADARO INDONES 10/22/2019 0.01% INTL LEASE FIN 09/20/2013 0.01% FIFTH THIRD BANCORP 0.01% CORP GEO 09/25/2014 0.01% KATONAH LTD 09/20/2016 0.01% HSN INC 0.01% MORGAN STANLEY 0.01% HELMERICH & PAYNE 0.01% VEB FINANCE PLC 11/22/2025 0.01% ARMSTRONG WORLD INDUSTRIES 0.01% ALCOA INC 0.01% HOLLYFRONTIER CORP 0.01% TRUE RELIGION APPAREL INC 0.01% LIQUIDITY SERVICES INC 0.01% MICROS SYSTEMS INC 0.01% MORGAN STANLEY 11/29/2013 0.01% Asset Allocation Portfolio Holdings 6 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio MOSAIC CO/THE 0.01% SYMPHONY CLO LTD 05/15/2019 0.01% LCM LTD PARTNERSHIP 03/21/2019 0.01% DOLLAR TREE INC 0.01% CORN PRODUCTS INTL INC 0.01% NRG ENERGY INC 0.01% CREDIT SUISSE MORTGAGE CAPI 10/15/2021 0.01% PETROBRAS INTL 01/20/2040 0.01% RELIANCE STEEL & ALUMINUM 0.01% NORTH CAROLINA STATE EDUCAT 10/26/2020 0.01% CENT ELET BRASIL 07/30/2019 0.01% COPART INC 0.01% TESSERA TECHNOLOGIES INC 0.01% PETRONAS CAP LTD 08/12/2019 0.01% CAREFUSION CORP 0.01% BRASKEM FINANCE LIMITED SR 04/15/2021 0.01% (L) CME IRS USD R 3ML 2.25% 12/21/2016 0.01% COMMONWEALTH REIT 0.01% PAPA JOHN'S INTL INC 0.01% AMER INTL GROUP 05/22/2038 0.01% INDONESIA (REP) 10/12/2035 0.01% NV ENERGY INC 0.01% S FRWD EUR 01/17/2012 0.01% DDR CORP 0.01% WESTPAC BANKING 08/14/2014 0.01% E.CL SA 01/15/2021 0.01% SXC HEALTH SOLUTIONS CORP 0.01% VENEZUELA 05/07/2028 0.01% CSN ISLANDS IX 01/15/2015 0.01% EAST WEST BANCORP INC 0.01% EXPRESS INC 0.01% HYUNDAI MOTOR CZ 04/15/2015 0.01% AGCO CORP 0.01% COACH INC 0.01% DXP ENTERPRISES INC 0.01% BANCO VOTORANTIM 02/11/2016 0.01% ARES CLO LTD 03/12/2018 0.01% US T-BILL .183% 06/28/2012 0.01% KOREA ELEC PWR 10/05/2015 0.01% AMER INTL GROUP 11/15/2017 0.01% HUMANA INC 0.01% JABIL CIRCUIT INC 0.01% CIRRUS LOGIC INC 0.01% VIMPELCOM 04/30/2018 0.01% STURM RUGER & CO INC 0.01% FIBRIA OVERSEAS 05/04/2020 0.01% WAMU MORTGAGE PASS-THROUGH 11/25/2036 0.01% HEALTH NET INC 0.01% UGI CORP 0.01% FISERV INC 0.01% RESIDENTIAL ACCREDIT LOANS, 08/25/2037 0.01% MORGAN STANLEY 05/14/2013 0.01% UNITEDHEALTH GROUP INC 0.01% NELNET INC-CL A 0.01% Security % of Portfolio WASHINGTON POST-CLASS B 0.01% PMC - SIERRA INC 0.01% WACHOVIA BANK COMMERCIAL MO 09/15/2021 0.01% WABCO HOLDINGS INC 0.01% CIT GROUP INC 0.01% MANPOWER INC 0.01% MEXICAN BONOS 06/03/2027 0.01% AUSTRALIAN I/L 09/20/2030 0.01% CORRECTIONS CORP OF AMERICA 0.01% COLUMBUS INTL 11/20/2014 0.01% NCUA GUARANTEED NOTES 12/08/2020 0.01% ANNALY CAPITAL MANAGEMENT I 0.01% SOUTH AFRICA 05/27/2019 0.01% NORTHEAST UTILITIES 0.01% PEMEX MASTER TR 02/24/2025 0.01% OCCIDENTAL PETROLEUM CORP 0.01% ASSURANT INC 0.01% JAZZ PHARMACEUTICALS INC 0.01% BTPS I/L 09/15/2016 0.01% LIFE TECHNOLOGIES CORP 0.01% HOLOGIC INC 0.01% TORO CO 0.01% HCC INSURANCE HOLDINGS INC 0.01% BBVA BANCOMER SA 03/10/2016 0.01% VIMPELCOM 02/02/2021 0.01% CDX EM16 SP CBK 12/20/2016 0.01% PERKINELMER INC 0.01% WINDSTREAM CORP 0.01% AMETEK INC 0.01% AMERICAN FINANCIAL GROUP IN 0.01% COUNTRYWIDE ASSET-BACKED CE 07/25/2036 0.01% WELLS FARGO MORTGAGE BACKED 03/25/2036 0.01% PENTA CLO SA 06/04/2024 0.01% SLM STUDENT LOAN TRUST 04/15/2039 0.01% MARVELL TECHNOLOGY GROUP LT 0.01% US T-BILL, .05% 03/15/2012 0.01% BIGLARI HOLDINGS INC 0.01% JONES LANG LASALLE INC 0.01% POLARIS INDUSTRIES INC 0.01% ENERSYS 0.01% NXP BV/NXP FUNDI 10/15/2013 0.01% TRW AUTOMOTIVE HOLDINGS COR 0.01% COUNTRYWIDE ALTERNATIVE LOA 05/25/2047 0.01% TSY INFL IX N/B 04/15/2015 0.01% DST SYSTEMS INC 0.01% BANCO BRASL (CI) 01/22/2020 0.01% VIACOM INC-CLASS B 0.01% NCUA GUARANTEED NOTES 10/07/2020 0.01% WENDY'S CO/THE 0.01% US T-BILL .04% 04/12/2012 0.01% BRASKEM FIN LTD 05/07/2020 0.01% HYUNDAI CAPITAL 05/05/2015 0.01% AMERCO 0.01% WELLPOINT INC 0.01% Asset Allocation Portfolio Holdings 7 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio PETSMART INC 0.01% INVESCO MORTGAGE CAPITAL 0.01% GERDAU HLDGS INC 01/20/2020 0.01% IROBOT CORP 0.01% PETROBRAS INTL 01/27/2021 0.01% ALLIANT TECHSYSTEMS INC 0.01% JARDEN CORP 0.01% CONOCOPHILLIPS 0.01% HILL-ROM HOLDINGS INC 0.01% VISTAPRINT NV 0.01% WAMU MORTGAGE PASS-THROUGH 07/25/2046 0.01% BAKER HUGHES INC 0.01% EMERGENT BIOSOLUTIONS INC 0.01% REP SOUTH AFRICA 01/15/2020 0.01% LANDMARK CDO 06/01/2017 0.01% KOREA EXCH BANK 01/14/2016 0.01% POLYCOM INC 0.01% TEMASEK FINL I 11/23/2039 0.01% AVON PRODUCTS INC 0.01% SHINHAN BANK 09/15/2015 0.01% BANK OF NEW YORK MELLON COR 0.01% WARNER CHILCOTT PLC-CLASS A 0.01% MAGNOLIA FUNDING LIMITED 04/20/2017 0.01% MCDERMOTT INTL INC 0.01% LEASEPLAN CORP 05/07/2012 0.01% CITIGROUP INC 02/27/2012 0.01% US T-BILLS 0.057% 06/28/2012 0.01% OCEANEERING INTL INC 0.01% QNB FINANCE LTD 11/16/2015 0.01% NETGEAR INC 0.01% ULTA SALON COSMETICS & FRAG 0.01% CIGNA CORP 0.01% PETROLEUM EXPORT 5.0% 12/07/2012 0.01% INGRAM MICRO INC-CL A 0.01% VIMPELCOM HLDGS 06/29/2014 0.01% INTUIT INC 0.01% IAC/INTERACTIVECORP 0.01% KRONOS WORLDWIDE INC 0.01% ROCKWOOD HOLDINGS INC 0.01% PERU ENHANCED 05/31/2018 0.01% ROYAL BK SCOTLND 03/16/2015 0.01% ACTIVISION BLIZZARD INC 0.01% GENERAL DYNAMICS CORP 0.01% AMERICAN MONEY MANAGEMENT C 08/08/2017 0.01% QEP RESOURCES INC 0.01% TJX COMPANIES INC 0.01% DEXIA CRED SA NY 03/05/2013 0.01% KEMPER CORP 0.01% ITRON INC 0.01% AMDOCS LTD 0.01% SEVERSTAL OAO 10/25/2017 0.01% CUMMINS INC 0.01% VIMPELCOM 02/02/2016 0.01% BUNGE LTD 0.01% Security % of Portfolio SMITHFIELD FOODS INC 0.01% BBVA BANCOMER SA 04/22/2020 0.01% STONE ENERGY CORP 0.01% BANC OF AMERICA LARGE LOAN 06/24/2050 0.01% BLYTH INC 0.01% SUNTRUST BANKS INC 0.01% DP WORLD 07/02/2037 0.01% STRUCTURED ADJUSTABLE RATE 12/25/2034 0.01% S FRWD CHF 03/21/2012 0.01% AVNET INC 0.01% CHIPOTLE MEXICAN GRILL INC 0.01% UNUM GROUP 0.01% THOMAS & BETTS CORP 0.01% PARKER HANNIFIN CORP 0.01% TEMASEK FINL I 10/25/2019 0.01% AMTECH SYSTEMS INC 0.01% CHINA HYDROELECTRIC CP-ADS 0.01% ALEXION PHARMACEUTICALS INC 0.01% HEICO CORP 0.01% SM ENERGY CO 0.01% PENNYMAC MORTGAGE INVESTMEN 0.01% WISCONSIN ENERGY CORP 0.01% WW GRAINGER INC 0.01% WILLIAMS-SONOMA INC 0.01% INLAND REAL ESTATE CORP 0.01% WODST II-A A1 1.196% 03/29/2021 0.01% VIMPELCOM 02/02/2021 0.01% ACHMEA HYPOBK 11/03/2014 0.01% MORGAN STANLEY MORTGAGE LOA 08/25/2035 0.01% INTERACTIVE BROKERS GRO-CL 0.01% MARATHON OIL CORP < 0.01% OXFORD INDUSTRIES INC < 0.01% IRS BRC ZCS R 11.83% 01/02/2013 < 0.01% KAMAN CORP < 0.01% DEVRY INC < 0.01% HESS CORP < 0.01% IPIC GMTN LTD 11/15/2015 < 0.01% BIG LOTS INC < 0.01% GS MORTGAGE SECURITIES CORP 03/06/2020 < 0.01% SOLUTIA INC < 0.01% WHIRLPOOL CORP < 0.01% (3003) MONEY MARKET PORTFOL < 0.01% SIRONA DENTAL SYSTEMS INC < 0.01% APPLIED INDUSTRIAL TECH INC < 0.01% URS CORP < 0.01% OWENS-ILLINOIS INC < 0.01% WINTHROP REALTY TRUST < 0.01% SOUTHWESTERN ENERGY CO < 0.01% NUTRISYSTEM INC < 0.01% L-3 COMMUNICATIONS HOLDINGS < 0.01% HARVEST CLO 1.628% 03/29/2017 < 0.01% SCHNITZER STEEL INDS INC-A < 0.01% CELULOSA ARAUCO 07/29/2019 < 0.01% LSB INDUSTRIES INC < 0.01% Asset Allocation Portfolio Holdings 8 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio STANCORP FINANCIAL GROUP < 0.01% NORFOLK SOUTHERN CORP < 0.01% SLM STUDENT LOAN TRUST 10/25/2023 < 0.01% INDONESIA (REP) 03/09/2017 < 0.01% MAJAPAHIT HOLD 01/20/2020 < 0.01% SYMETRA FINANCIAL CORP < 0.01% TSY INFL IX N/B 01/15/2021 < 0.01% LEAR CORP < 0.01% BANCO NAC DESEN 6.50% 06/10/2019 < 0.01% TECH DATA CORP < 0.01% REPUBLIC OF IND 5.00% 12/14/2019 < 0.01% US T-BILL, .065% 04/19/2012 < 0.01% AMERICAN EAGLE OUTFITTERS < 0.01% AQUILAE CLO PLC 01/17/2023 < 0.01% SABRA HEALTH CARE REIT INC < 0.01% MICROSOFT CORP < 0.01% ASCENA RETAIL GROUP INC < 0.01% AMERICAN CAPITAL AGENCY COR < 0.01% AETNA INC < 0.01% SUN HYDRAULICS CORP < 0.01% BRASKEM FIN LTD 05/07/2020 < 0.01% PAR PHARMACEUTICAL COS INC < 0.01% FINISH LINE/THE - CL A < 0.01% EXXON MOBIL CORP < 0.01% H&R BLOCK INC < 0.01% VEECO INSTRUMENTS INC < 0.01% TELEPHONE AND DATA SYSTEMS < 0.01% FAIRCHILD SEMICONDUCTOR INT < 0.01% SUNSTONE HOTEL INVESTORS IN < 0.01% US CELLULAR CORP < 0.01% BECTON DICKINSON AND CO < 0.01% RAYMOND JAMES FINANCIAL INC < 0.01% PRIMERICA INC < 0.01% NACCO INDUSTRIES-CL A < 0.01% VEB FINANCE PLC 07/09/2020 < 0.01% SYKES ENTERPRISES INC < 0.01% CELGENE CORP < 0.01% MAIDEN HOLDINGS LTD < 0.01% WESTPAC SEC NZ L 05/25/2012 < 0.01% MACQUARIE BK LTD 01/20/2012 < 0.01% AMER EXPRESS CR 02/24/2012 < 0.01% FEDERAL-MOGUL CORP < 0.01% INDONESIA (REP) 05/04/2014 < 0.01% URBI DESARROLLOS 04/19/2016 < 0.01% CANADIAN DOLLAR < 0.01% SIGMA CAPITAL 04/30/2015 < 0.01% CORP GEO 06/30/2020 < 0.01% CORP GEO 09/25/2014 < 0.01% ASHFORD HOSPITALITY TRUST < 0.01% HELIX ENERGY SOLUTIONS GROU < 0.01% INTEROCEANICA IV 11/30/2018 < 0.01% CINEMARK HOLDINGS INC < 0.01% DOMTAR CORP < 0.01% XEROX CORP < 0.01% Security % of Portfolio ICICI BANK LTD/S 02/24/2014 < 0.01% JPMORGAN CHASE & CO < 0.01% VENEZUELA 8.50% 10/08/2014 < 0.01% BLACK BOX CORP < 0.01% MACK-CALI REALTY CORP < 0.01% CONSOLIDATED GRAPHICS INC < 0.01% REINSURANCE GROUP OF AMERIC < 0.01% LIBERTY PROPERTY TRUST < 0.01% ACI WORLDWIDE INC < 0.01% CUBIC CORP < 0.01% MURPHY OIL CORP < 0.01% UNITED STATIONERS INC < 0.01% KOPPERS HOLDINGS INC < 0.01% HUBBELL INC -CL B < 0.01% BMC SOFTWARE INC < 0.01% NEWFIELD EXPLORATION CO < 0.01% AFLAC INC < 0.01% QUEST SOFTWARE INC < 0.01% FIRST INDUSTRIAL REALTY TR < 0.01% TORCHMARK CORP < 0.01% CRACKER BARREL OLD COUNTRY < 0.01% GIBRALTAR INDUSTRIES INC < 0.01% CDX EM14 SP 5% 12/20/2015 < 0.01% ERIE INDEMNITY COMPANY-CL A < 0.01% UNIVERSAL HEALTH SERVICES-B < 0.01% IDEXX LABORATORIES INC < 0.01% HARBORVIEW MORTGAGE LOAN TR 02/19/2036 < 0.01% KRATON PERFORMANCE POLYMERS < 0.01% FIRST CITIZENS BCSHS -CL A < 0.01% ARROW ELECTRONICS INC < 0.01% PORTLAND GENERAL ELECTRIC C < 0.01% LKQ CORP < 0.01% INSIGHT ENTERPRISES INC < 0.01% BM&FBOVESPA SA 07/16/2020 < 0.01% EMERSON ELECTRIC CO < 0.01% CA INC < 0.01% CHIMERA INVESTMENT CORP < 0.01% ILLINOIS STUDENT ASSISTANCE 04/25/2017 < 0.01% BRUKER CORP < 0.01% HUNTINGTON INGALLS INDUSTRI < 0.01% BCAP 2011-RR5 5.923 03/26/2037 < 0.01% KT CORP 07/15/2015 < 0.01% NEUSTAR INC-CLASS A < 0.01% DICE HOLDINGS INC < 0.01% RESOURCE CAPITAL CORP < 0.01% US LONG BOND (CBT) 04/21/2012 < 0.01% VISHAY INTERTECHNOLOGY INC < 0.01% GOLDMAN SACHS GROUP INC < 0.01% PNC FINANCIAL SERVICES GROU < 0.01% AMKOR TECHNOLOGY INC < 0.01% UNITED THERAPEUTICS CORP < 0.01% CEDC FIN CORP IN 12/01/2016 < 0.01% AMERICAN DENTAL PARTNERS IN < 0.01% S FRWD EUR 03/21/2012 < 0.01% Asset Allocation Portfolio Holdings 9 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio COLOMBIA REP OF 05/21/2024 < 0.01% UNITED MEXICAN 02/17/2020 < 0.01% DIRECTV-CLASS A < 0.01% WESTLAKE CHEMICAL CORP < 0.01% LENNOX INTERNATIONAL INC < 0.01% COMMERCIAL METALS CO < 0.01% CAPELLA EDUCATION CO < 0.01% REP SOUTH AFRICA 09/15/2017 < 0.01% NORTHROP GRUMMAN CORP < 0.01% GENERAL MOTORS CO < 0.01% COCA-COLA ENTERPRISES < 0.01% MEDIFAST INC < 0.01% INTEROCEANICA V 05/15/2030 < 0.01% WASHINGTON FEDERAL INC < 0.01% BRIGHTPOINT INC < 0.01% SLM PRIVATE EDUCATION LOAN 12/15/2017 < 0.01% GANNETT CO < 0.01% FIRST INTERSTATE BANCSYS/MT < 0.01% INTERLINE BRANDS INC < 0.01% QATAR STATE OF 04/09/2019 < 0.01% KAZMUNAYGAS 01/23/2015 < 0.01% QATAR STATE OF 01/20/2040 < 0.01% KELLY SERVICES INC -A < 0.01% SEQUOIA MORTGAGE TRUST 07/20/2036 < 0.01% UNIT CORP < 0.01% S FRWD EUR 03/21/2012 < 0.01% COMMUNITY HEALTH SYSTEMS IN < 0.01% XYLEM INC < 0.01% PETROLEOS MEXICA 06/02/2041 < 0.01% MAJAPAHIT HOLD 10/17/2016 < 0.01% MAJAPAHIT HOLD 10/17/2016 < 0.01% RBSCF TRUST 12/16/2049 < 0.01% ICF INTERNATIONAL INC < 0.01% MAJAPAHIT HOLD 06/28/2017 < 0.01% BANC OF AMERICA COMMERCIAL 02/10/2051 < 0.01% CREDIT SUISSE MORTGAGE CAPI 02/15/2040 < 0.01% LISTRINDO CAP 01/29/2015 < 0.01% APACHE CORP < 0.01% PETROLEOS MEXICA 01/21/2021 < 0.01% CHATHAM LODGING TRUST < 0.01% PARAMETRIC TECHNOLOGY CORP < 0.01% BANC OF AMERICA COMMERCIAL 06/10/2049 < 0.01% WACHOVIA BANK COMMERCIAL MO 08/15/2041 < 0.01% JP MORGAN MORTGAGE TRUST 07/25/2035 < 0.01% NAKILAT INC 12/31/2033 < 0.01% GRANITE MORTGAGES PLC. 09/20/2044 < 0.01% NETSCOUT SYSTEMS INC < 0.01% COUNTRYWIDE HOME LOANS 01/19/2034 < 0.01% QATAR STATE OF 01/20/2015 < 0.01% LSI CORP < 0.01% INTL LEASE FIN 09/01/2018 < 0.01% CABOT CORP < 0.01% INTL LEASE FIN 09/01/2016 < 0.01% INTL LEASE FIN 09/01/2014 < 0.01% Security % of Portfolio FANNIE MAE 04/11/2022 < 0.01% BABSON CLO LTD 11/15/2016 < 0.01% COMMERCIAL MORTGAGE PASS-TH 07/10/2046 < 0.01% AUTODESK INC < 0.01% US T-BILLS 0.0755% 06/28/2012 < 0.01% HASBRO INC < 0.01% PROGRESS SOFTWARE CORP < 0.01% HERBALIFE LTD < 0.01% E*TRADE FINANCIAL CORP < 0.01% AMER INTL GROUP 01/16/2018 < 0.01% ANGLOGOLD HOLDS 04/15/2040 < 0.01% MATERION CORP < 0.01% MAIDENFORM BRANDS INC < 0.01% AT&T INC < 0.01% ZEBRA TECHNOLOGIES CORP-CL < 0.01% PARTNERRE LTD < 0.01% PETROLEOS DE VEN 04/12/2037 < 0.01% HOUSTON WIRE & CABLE CO < 0.01% CANADA-GOV'T I/L 12/01/2036 < 0.01% DR PEPPER SNAPPLE GROUP INC < 0.01% INDYMAC INDA MORTGAGE LOAN 11/25/2035 < 0.01% MORGAN STANLEY 04/29/2013 < 0.01% CR BARD INC < 0.01% FIDELITY NATIONAL INFORMATI < 0.01% EQUIFAX INC < 0.01% INSPERITY INC < 0.01% GETTY REALTY CORP < 0.01% NIC INC < 0.01% VENEZUELA 08/23/2022 < 0.01% AMER INTL GROUP 05/15/2058 < 0.01% ALON USA ENERGY INC < 0.01% UNITED PARCEL SERVICE-CL B < 0.01% ALBEMARLE CORP < 0.01% TEXTAINER GROUP HOLDINGS LT < 0.01% P G & E CORP < 0.01% NOBLE GROUP LTD 01/29/2020 < 0.01% FULTON FINANCIAL CORP < 0.01% SYNOPSYS INC < 0.01% NORANDA ALUMINUM HOLDING CO < 0.01% INVACARE CORP < 0.01% CSX CORP < 0.01% CHARLES RIVER LABORATORIES < 0.01% FIRST CLO LTD 12/14/2016 < 0.01% FIRST COMMONWEALTH FINL COR < 0.01% SAUER-DANFOSS INC < 0.01% SS&C TECHNOLOGIES HOLDINGS < 0.01% S FRWD EUR 03/21/2012 < 0.01% SCHULMAN (A.) INC < 0.01% JP MORGAN MORTGAGE TRUST 08/25/2035 < 0.01% CNA FINANCIAL CORP < 0.01% CANADA-GOV'T I/L 12/01/2041 < 0.01% WESTERN DIGITAL CORP < 0.01% ORACLE CORP < 0.01% SAIC INC < 0.01% Asset Allocation Portfolio Holdings 10 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio GLOBAL SOURCES LTD < 0.01% EAGLE BANCORP INC < 0.01% TESORO CORP < 0.01% NELNET STUDENT LOAN TRUST 07/25/2018 < 0.01% S FRWD HUF 01/27/2012 < 0.01% NATIONAL FINANCIAL PARTNERS < 0.01% PROVIDENCE SERVICE CORP < 0.01% FORD CREDIT AUTO OWNER TRUS 05/15/2013 < 0.01% LEHMAN RECEIVABLES < 0.01% ATRION CORPORATION < 0.01% LENDER PROCESSING SERVICES < 0.01% MERITOR INC < 0.01% STEELCASE INC-CL A < 0.01% KBR INC < 0.01% INFOSPACE INC < 0.01% CME CCP INITAL MARGIN COLLA < 0.01% VENZOD - 189000 9.375% 01/13/2034 < 0.01% DYNEX CAPITAL INC < 0.01% KAPSTONE PAPER AND PACKAGIN < 0.01% SAUL CENTERS INC < 0.01% VAALCO ENERGY INC < 0.01% BEACON ROOFING SUPPLY INC < 0.01% ITT CORP-W/I < 0.01% ARCHER-DANIELS-MIDLAND CO < 0.01% URSTADT BIDDLE - CLASS A < 0.01% FINANCIAL INSTITUTIONS INC < 0.01% BRAZILIAN REAL < 0.01% EXELIS INC < 0.01% CME CCP INITAL MARGIN COLLA < 0.01% FIRST HORIZON NATIONAL CORP < 0.01% VIDEOTRON LTEE 01/15/2014 < 0.01% USANA HEALTH SCIENCES INC < 0.01% CHESAPEAKE UTILITIES CORP < 0.01% THOR INDUSTRIES INC < 0.01% S FRWD GBP 03/12/2012 < 0.01% SYMANTEC CORP < 0.01% EUROPEAN CURRENCY < 0.01% HORMEL FOODS CORP < 0.01% FOSSIL INC < 0.01% PRIMORIS SERVICES CORP < 0.01% MERCURY GENERAL CORP < 0.01% SEACHANGE INTERNATIONAL INC < 0.01% CAREER EDUCATION CORP < 0.01% GENERAC HOLDINGS INC < 0.01% TETRA TECHNOLOGIES INC < 0.01% DEUTSCHE MORTGAGE SECURITIE 06/28/2047 < 0.01% OBAGI MEDICAL PRODUCTS INC < 0.01% AMERICAN NATIONAL INSURANCE < 0.01% BABCOCK & WILCOX CO/THE < 0.01% NAVIGANT CONSULTING INC < 0.01% ADVANCE AMERICA CASH ADVANC < 0.01% US T-BILLS 0.0702% 06/28/2012 < 0.01% S FRWD EUR 03/21/2012 < 0.01% COOPER COS INC/THE < 0.01% Security % of Portfolio EQT CORP < 0.01% MATRIX SERVICE CO < 0.01% MEDASSETS INC < 0.01% ATLAS AIR WORLDWIDE HOLDING < 0.01% NATIONAL HEALTHCARE CORP < 0.01% CREXUS INVESTMENT CORP < 0.01% BEAR STEARNS ADJUSTABLE RAT 03/25/2035 < 0.01% MONOTYPE IMAGING HOLDINGS I < 0.01% L FRWD PHP 03/15/2012 < 0.01% LAWSON PRODUCTS INC < 0.01% L FRWD NZD 03/21/2012 < 0.01% VALERO ENERGY CORP < 0.01% BOK FINANCIAL CORPORATION < 0.01% REDWOOD TRUST INC < 0.01% SHOE CARNIVAL INC < 0.01% MASIMO CORPORATION < 0.01% PRESIDENTIAL LIFE CORP < 0.01% CANTEL MEDICAL CORP < 0.01% REPUBLIC BANCORP INC-CLASS < 0.01% BEBE STORES INC < 0.01% L FRWD AUD 03/21/2012 < 0.01% CDX EM14 SP MYC 12/20/2015 < 0.01% MCG CAPITAL CORP < 0.01% INTERVAL LEISURE GROUP < 0.01% CVS CAREMARK CORP < 0.01% L FRWD NZD 03/21/2012 < 0.01% YOUNG INNOVATIONS INC < 0.01% AFC ENTERPRISES < 0.01% L FRWD CNY 02/13/2012 < 0.01% MOVADO GROUP INC < 0.01% APOLLO COMMERCIAL REAL ESTA < 0.01% ENTERPRISE FINANCIAL SERVIC < 0.01% GSR MORTGAGE LOAN TRUST 01/25/2035 < 0.01% STATE BANK FINANCIAL CORP < 0.01% UNISOURCE ENERGY CORP CO < 0.01% DIAMOND OFFSHORE DRILLING < 0.01% IRS MXN R TIIE-7.34 01/28/2015 < 0.01% KORN/FERRY INTERNATIONAL < 0.01% SCICLONE PHARMACEUTICALS IN < 0.01% FRANKLIN STREET PROPERTIES < 0.01% CITIZENS & NORTHERN CORP < 0.01% SANDISK CORP < 0.01% S FRWD EUR 03/21/2012 < 0.01% FIRST DEFIANCE FINL CORP < 0.01% TREDEGAR CORP < 0.01% S FRWD IND 07/12/2012 < 0.01% S FRWD EUR 03/21/2012 < 0.01% MICREL INC < 0.01% IXYS CORPORATION < 0.01% MONSTER WORLDWIDE INC < 0.01% ZCS BRL R CDI 12.285 01/02/2013 < 0.01% WAMU MORTGAGE PASS-THROUGH 08/25/2035 < 0.01% TEMPUR-PEDIC INTERNATIONAL < 0.01% S FRWD CND 03/21/2012 < 0.01% Asset Allocation Portfolio Holdings 11 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio CASTLE (A.M.) & CO < 0.01% S FRWD EUR 03/21/2012 < 0.01% IRS BRC ZCS R 0.000% 01/02/2013 < 0.01% MKS INSTRUMENTS INC < 0.01% CONSTELLATION BRANDS INC-A < 0.01% L FRWD CND 03/21/2012 < 0.01% L FRWD NZD 03/21/2012 < 0.01% NATIONAL BEVERAGE CORP < 0.01% CHEMICAL FINANCIAL CORP < 0.01% S FRWD BRC 03/02/2012 < 0.01% POLYONE CORPORATION < 0.01% VICOR CORP < 0.01% LMI AEROSPACE INC < 0.01% TELENAV INC < 0.01% FOSTER (LB) CO-A < 0.01% INVESTORS REAL ESTATE TRUST < 0.01% AMERICAN HOME MORTGAGE INVE 09/25/2045 < 0.01% MAINSOURCE FINANCIAL GROUP < 0.01% FIRST BANCORP/NC < 0.01% COURIER CORP < 0.01% BEAR STEARNS ADJUSTABLE RAT 01/25/2035 < 0.01% IRO USD 30Y P/3.7500% 09/30/2012 < 0.01% L FRWD NZD 03/21/2012 < 0.01% CROWN HOLDINGS INC < 0.01% LEAPFROG ENTERPRISES INC < 0.01% HILLENBRAND INC < 0.01% CALIFORNIA WATER SERVICE GR < 0.01% VILLAGE SUPER MARKET-CLASS < 0.01% STRYKER CORP < 0.01% QUINSTREET INC < 0.01% CENTURY ALUMINUM COMPANY < 0.01% ENNIS INC < 0.01% HANSEN NATURAL CORP < 0.01% FAIR ISAAC CORP < 0.01% STANDARD PARKING CORP < 0.01% DDI CORP < 0.01% HALLMARK FINL SERVICES INC < 0.01% PERFICIENT INC < 0.01% S FRWD IND 07/12/2012 < 0.01% OCEANFIRST FINANCIAL CORP < 0.01% S FRWD KOR 07/12/2012 < 0.01% ZCS BRL R CDI 11.89% 01/02/2013 < 0.01% CEDAR REALTY TRUST INC < 0.01% SOUTH AFRICAN RAN < 0.01% CDX EM15 SP BRC 06/20/2016 < 0.01% STERLING FINL CORP/SPOKANE < 0.01% UNIVERSAL AMERICAN CORP < 0.01% S FRWD EUR 03/21/2012 < 0.01% CDX EM14 SP 5.000% 12/20/2015 < 0.01% EXCEL TRUST INC < 0.01% L FRWD SEK 03/21/2012 < 0.01% IRS MXN R TIIE-7.33 01/28/2015 < 0.01% ULTRA CLEAN HOLDINGS < 0.01% L FRWD AUD 03/21/2012 < 0.01% Security % of Portfolio SUMMIT HOTEL PROPERTIES INC < 0.01% S FRWD IND 07/12/2012 < 0.01% MEXICAN PESO < 0.01% STANDEX INTERNATIONAL CORP < 0.01% PUBLIC SERVICE ENTERPRISE G < 0.01% CELADON GROUP INC < 0.01% JOURNAL COMMUNICATIONS INC- < 0.01% INGERSOLL-RAND PLC < 0.01% S FRWD ZAR 01/26/2012 < 0.01% UK POUND STERLING < 0.01% US T-BILL, 0.0225% 02/23/2012 < 0.01% S FRWD GBP 03/21/2012 < 0.01% ADVANCED MICRO DEVICES < 0.01% FIRST COMMUNITY BANCSHARES < 0.01% WAMU MORTGAGE PASS-THROUGH 12/25/2036 < 0.01% APPLIED MATERIALS INC < 0.01% S FRWD KOR 02/27/2012 < 0.01% EXIDE TECHNOLOGIES < 0.01% CAMBREX CORP < 0.01% WELLS FARGO MORTGAGE BACKED 07/25/2036 < 0.01% S FRWD MXP 03/15/2012 < 0.01% L FRWD CNY 06/01/2012 < 0.01% GSR MORTGAGE LOAN TRUST 01/25/2036 < 0.01% MERRILL LYNCH MORTGAGE BACK 04/25/2037 < 0.01% WAMU MORTGAGE PASS-THROUGH 09/25/2036 < 0.01% CD UK GILT 1.000% 06/20/2015 < 0.01% CASH COLLATERAL FUTS GSC US < 0.01% S FRWD IND 07/12/2012 < 0.01% IRS BRL ZCS R 10.58 01/02/2014 < 0.01% L FRWD CND 03/21/2012 < 0.01% POPULAR INC < 0.01% S FRWD JPY 01/13/2012 < 0.01% S FRWD BRC 03/02/2012 < 0.01% S FRWD PHP 03/15/2012 < 0.01% UNITED KINGDOM 1.0% 06/20/2015 < 0.01% S FRWD IND 07/12/2012 < 0.01% L FRWD CNY 02/13/2012 < 0.01% IRO USD 30Y P 3.2725 10/01/2012 < 0.01% IRO USD 30Y P 3.2725 10/01/2012 < 0.01% IRO USD 30Y P 3.2725 10/01/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% IRS BRL ZCS R 10.53 01/02/2014 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD MXP 03/15/2012 < 0.01% L FRWD SEK 03/21/2012 < 0.01% BRAZIL EM SP RYL 03/20/2012 < 0.01% MEXICO EM SP CBK 12/20/2012 < 0.01% L FRWD NZD 03/21/2012 < 0.01% L FRWD SGD 02/10/2012 < 0.01% L FRWD SGD 02/10/2012 < 0.01% L FRWD CHF 03/21/2012 < 0.01% BRAZIL EM SP DUB 09/20/2013 < 0.01% Asset Allocation Portfolio Holdings 12 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio S FRWD KOR 02/27/2012 < 0.01% S FRWD CND 02/09/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% RWE AG - RTS < 0.01% S FRWD PHP 03/15/2012 < 0.01% AUSTRALIAN DOLLAR < 0.01% S FRWD PHP 03/15/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD PHP 03/15/2012 < 0.01% L FRWD AUD 03/21/2012 < 0.01% S FRWD PHP 03/15/2012 < 0.01% S FRWD MXP 03/15/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% AMERICAN MOVIL 1.00% 03/20/2012 < 0.01% CDS UK GILT 1.000% 06/20/2015 < 0.01% PENERBANGAN MALAYSIA AS SP 09/20/2012 < 0.01% IRO USD 1Y P 2.0 11/27/2012 < 0.01% MEXICO EM SP GST 12/20/2012 < 0.01% BRAZIL EM SP BPS 12/20/2012 < 0.01% CHINA AS SP BRC 09/20/2012 < 0.01% UK GILT SP 0.0% CBK 06/20/2016 < 0.01% S FRWD KOR 02/27/2012 < 0.01% SOUTH KOREA GOVT AS SP DUB 12/20/2012 < 0.01% BRAZIL EM SP CBK 12/20/2012 < 0.01% BRAZIL EM SP GST 12/20/2012 < 0.01% SOUTH KOREA GOVT AS SP DUB 12/20/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% L FRWD GBP 03/21/2012 < 0.01% S FRWD PHP 03/15/2012 < 0.01% CHINA AS SP BRC 12/20/2012 < 0.01% S FRWD PHP 03/15/2012 < 0.01% S FRWD EUR 01/17/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% JAPANESE YEN < 0.01% L FRWD MXP 03/15/2012 < 0.01% L FRWD GBP 03/12/2012 < 0.01% L FRWD MXP 03/15/2012 < 0.01% OTC EPUT EUR VS USD @ 1.20 01/31/2012 < 0.01% OTC EPUT EUR VS USD@1.20 CB 01/31/2012 < 0.01% OTC EPUT EUR VS USD@1.20 DU 01/31/2012 < 0.01% OTC EPUT EUR VS USD@1.20 CB 01/31/2012 < 0.01% TRS (DJUBSTR) INDEX CS 04/05/2012 < 0.01% IRO USD 10Y P 10.000 07/16/2012 < 0.01% IRO USD 10Y P/10% 07/17/2012 < 0.01% MARRIOTT INTERNATIONAL-CL A < 0.01% S FRWD GBP 03/21/2012 < 0.01% S SPOT MXP 01/03/2012 < 0.01% IRO USD 3Y P/3.000 06/27/2012 < 0.01% IRO USD 3Y P/3.000 06/25/2012 < 0.01% IRO USD 3Y P/3.000 06/25/2012 < 0.01% IRO USD 3Y P/3.000 06/25/2012 < 0.01% L FRWD MXP 03/15/2012 < 0.01% IRO USD 3Y P 3.00 06/25/2012 < 0.01% IRO USD 5Y P.25% 10/01/2012 < 0.01% Security % of Portfolio S FRWD IDR 01/31/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% IRO USD 2Y P.25% 10/01/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% L FRWD IDR 01/31/2012 < 0.01% L FRWD IDR 9,0 01/31/2012 < 0.01% S FRWD IDR 01/31/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% IRO USD 5Y P 2.0000 10/01/2012 < 0.01% ABU DHABIEM GOVT EM 03/20/2016 < 0.01% ABU DHABIEM GOVT EM 03/20/2016 < 0.01% STATE OF QATAR EM SP 03/20/2016 < 0.01% S FRWD PHP 03/15/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% S FRWD KOR 02/27/2012 < 0.01% IRO USD 5Y P 2.0000 10/01/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% S FRWD IND 07/12/2012 < 0.01% SINGAPORE DOLLAR < 0.01% RUSSIA EM SP MYC 12/20/2012 < 0.01% S FRWD NZD 03/21/2012 < 0.01% IRO USD 1Y P 0.7950 G 10/31/2012 < 0.01% IRO USD 1Y P 0.7950 10/31/2012 < 0.01% L FRWD EUR 01/17/2012 < 0.01% GAZPROM EM SP UAG 12/20/2012 < 0.01% IRO USD 1Y C 0.7950 10/31/2012 < 0.01% L FRWD IDR 01/31/2012 < 0.01% S FRWD IDR 01/31/2012 < 0.01% ABU DHABIEM SP UAG 03/20/2016 < 0.01% L FRWD MYR 04/23/2012 < 0.01% L FRWD EUR 01/17/2012 < 0.01% IRO USD 1Y C 0.7950 10/31/2012 < 0.01% L FRWD CNY 02/01/2013 < 0.01% L FRWD IDR 01/31/2012 < 0.01% RUSSIA EM SP HUS 12/20/2012 < 0.01% IRO USD 5Y P 2.00 BOA 10/01/2012 < 0.01% STATE OF QATAR EM SP 03/20/2016 < 0.01% RUSSIA EM SP CBK 12/20/2012 < 0.01% MEXICO EM SP HUS 03/20/2016 < 0.01% S FRWD IDR 01/31/2012 < 0.01% IRO USD 1Y P 1.00 11/27/2012 < 0.01% Asset Allocation Portfolio Holdings 13 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio S FRWD AUD 02/23/2012 < 0.01% S FRWD SGD 02/10/2012 < 0.01% INF FLOOR USD CPURNSA 217.9 10/07/2020 < 0.01% IRO USD 5Y P 2.0000 10/01/2012 < 0.01% S FRWD BRC 01/04/2012 < 0.01% INF FLOOR USD CPURNSA 215.9 03/12/2020 < 0.01% L FRWD TRL 01/27/2012 < 0.01% L FRWD CHF 03/21/2012 < 0.01% L FRWD EUR 01/17/2012 < 0.01% CHINA AS SP DUB 12/20/2016 < 0.01% IRO USD 2Y P.25% 10/01/2012 < 0.01% S FRWD MYR 04/23/2012 < 0.01% S FRWD AUD 03/21/2012 < 0.01% GAZPROM EM SP DUB 12/20/2012 < 0.01% L FRWD NZD 03/21/2012 < 0.01% ZCS BRL R CDI 9.97% 01/02/2014 < 0.01% L FRWD BRC 01/04/2012 < 0.01% IRO USD 2Y P 1.0562 10/31/2012 < 0.01% CDS BRC EM SP 1.00% 06/20/2015 < 0.01% CD BRAZIL EM 1.000% 06/20/2015 < 0.01% L FRWD BRC 01/04/2012 < 0.01% L FRWD BRC 01/04/2012 < 0.01% INDONESIA AS SP 1.00% 03/20/2016 < 0.01% INDONESIA AS SP 1.00% 03/20/2016 < 0.01% JAPAN GOV'T JP 1.00% 12/20/2015 < 0.01% L FRWD CNY 08/05/2013 < 0.01% URBI DESARROLLOS EM SP 03/20/2016 < 0.01% MERRILL LYNCH & CO INC SNR 09/20/2012 < 0.01% CHINA AS SP RYL 06/20/2016 < 0.01% IRO USD 2Y P .9150 11/30/2012 < 0.01% IRO USD 2Y C 0.9150 11. 11/30/2012 < 0.01% INF FLOOR USD CPURNSA 216.6 04/07/2020 < 0.01% S FRWD AUD 02/23/2012 < 0.01% S FRWD CNY 06/01/2012 < 0.01% L FRWD CNY 08/05/2013 < 0.01% INDONESIA AS SP UAG 06/21/2021 < 0.01% CD PHILIPPINES AS SP 12/20/2015 < 0.01% CHINA AS SP DUB 12/20/2016 < 0.01% L FRWD SEK 03/21/2012 < 0.01% S FRWD AUD 02/23/2012 < 0.01% L FRWD SEK 03/21/2012 < 0.01% IRO USD 1Y P 1.75% 08/08/2013 < 0.01% IRO USD 2Y C 1.0562 10/31/2012 < 0.01% INF EUR R 1.85/FRCPXTOB BRC 10/15/2016 < 0.01% L FRWD KOR 07/12/2012 < 0.01% PHILIPPINES AS 1.00% 09/20/2015 < 0.01% PETROBRAS INTER 1.00% 09/20/2015 < 0.01% INF EUR R 1.85/FRCPXTOB BPS 10/15/2016 < 0.01% L FRWD CHF 03/21/2012 < 0.01% IRS MXN R TIIE-6.6 HUB 09/13/2016 < 0.01% INDONESIA AS SP 1.00% 03/20/2016 < 0.01% TURKEY EM SP DUB 06/20/2021 < 0.01% S FRWD BRC 01/04/2012 < 0.01% HSBC BANK NA.<br><br> SP 06/20/2016 < 0.01% Security % of Portfolio S FRWD CNY 02/01/2013 < 0.01% EGYPT EM SP DUB 06/20/2016 < 0.01% IRO USD 5Y P.25% 09/30/2012 < 0.01% HARSCO CORP < 0.01% GRIFFON CORP < 0.01% DREW INDUSTRIES INC < 0.01% MARSH & MCLENNAN COS < 0.01% CD RBHB CAPITAL 1% 09/20/2012 < 0.01% L FRWD BRC 01/04/2012 < 0.01% FURIEX PHARMACEUTICALS < 0.01% ENCORE WIRE CORP < 0.01% BROWN-FORMAN CORP-CLASS B < 0.01% PHILIPPINES AS 1.00% 09/20/2015 < 0.01% LPL INVESTMENT HOLDINGS INC < 0.01% IRS MXN R TIIE-5.6 BRC 09/06/2016 < 0.01% L FRWD MYR 04/23/2012 < 0.01% S FRWD JPY 03/21/2012 < 0.01% AMERICAN SCIENCE & ENGINEER < 0.01% LEUCADIA NATIONAL CORP < 0.01% STRATASYS INC < 0.01% USA MOBILITY INC < 0.01% COCA-COLA CO/THE < 0.01% L FRWD KOR 02/27/2012 < 0.01% VERIZON COMMUNICATIONS INC < 0.01% WD-40 CO < 0.01% UIL HOLDINGS CORP < 0.01% PIONEER DRILLING COMPANY < 0.01% NEWPORT CORP < 0.01% ABAXIS INC < 0.01% S FRWD JPY 03/21/2012 < 0.01% SEMTECH CORP < 0.01% LOCKHEED MARTIN CORP < 0.01% S FRWD JPY 03/21/2012 < 0.01% GILEAD SCIENCES INC < 0.01% ASTORIA FINANCIAL CORP < 0.01% CHINA AS SP MYC 12/20/2016 < 0.01% TECHNE CORP < 0.01% LITTELFUSE INC < 0.01% K-SWISS INC-A < 0.01% INTEVAC INC < 0.01% KAISER ALUMINUM CORP < 0.01% PALOMAR MEDICAL TECHNOLOGIE < 0.01% TITANIUM METALS CORP < 0.01% NATUS MEDICAL INC < 0.01% L FRWD PHP 03/15/2012 < 0.01% COLUMBIA BANKING SYSTEM INC < 0.01% APARTMENT INVT & MGMT CO -A < 0.01% WAUSAU PAPER CORP < 0.01% PERRY ELLIS INTERNATIONAL < 0.01% PENTAIR INC < 0.01% MOLEX INC < 0.01% JACOBS ENGINEERING GROUP IN < 0.01% FORRESTER RESEARCH INC < 0.01% RED ROBIN GOURMET BURGERS < 0.01% Asset Allocation Portfolio Holdings 14 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio L FRWD MXP 03/15/2012 < 0.01% ADVANCED ENERGY INDUSTRIES < 0.01% BROWN & BROWN INC < 0.01% PINNACLE FINANCIAL PARTNERS < 0.01% TTM TECHNOLOGIES < 0.01% CARLISLE COS INC < 0.01% OPLINK COMMUNICATIONS INC < 0.01% WHITE MOUNTAINS INSURANCE G < 0.01% HEARTLAND PAYMENT SYSTEMS I < 0.01% PROCTER & GAMBLE CO/THE < 0.01% PHILIPPINES AS 1.00% 09/20/2015 < 0.01% CHECKPOINT SYSTEMS INC < 0.01% L FRWD KOR 02/27/2012 < 0.01% MEXICO EM SP HUS 03/20/2021 < 0.01% OMNICELL INC < 0.01% STAGE STORES INC < 0.01% INTERNATIONAL PAPER CO < 0.01% PHILIPPINES AS 1.00% 09/20/2015 < 0.01% BRE PROPERTIES INC < 0.01% INFINITY PROPERTY & CASUALT < 0.01% MEASUREMENT SPECIALTIES INC < 0.01% II-VI INC < 0.01% ACAL EURO$, @ 99.375 03/25/2012 < 0.01% RANGE RESOURCES CORP < 0.01% CHARTER COMMUNICATION-A < 0.01% SUPERIOR INDUSTRIES INTL < 0.01% SOTHEBY'S < 0.01% SENSIENT TECHNOLOGIES CORP < 0.01% IGATE CORP < 0.01% PEP BOYS-MANNY MOE & JACK < 0.01% ECHOSTAR CORP-A < 0.01% LIFEPOINT HOSPITALS INC < 0.01% L FRWD MYR 04/23/2012 < 0.01% L FRWD SEK 03/21/2012 < 0.01% REALTY INCOME CORP < 0.01% APUT EURO$, @ 99.375 03/25/2012 < 0.01% GLACIER BANCORP INC < 0.01% FLEETCOR TECHNOLOGIES INC < 0.01% CAMERON INTERNATIONAL CORP < 0.01% CBOE HOLDINGS INC < 0.01% VISHAY PRECISION GROUP < 0.01% BROOKS AUTOMATION INC < 0.01% AMERICAN VANGUARD CORP < 0.01% MEXICO EM SP BOA 12/20/2015 < 0.01% QUANEX BUILDING PRODUCTS < 0.01% CIRCOR INTERNATIONAL INC < 0.01% AMCOL INTERNATIONAL CORP < 0.01% SELECTIVE INSURANCE GROUP < 0.01% AECOM TECHNOLOGY CORP < 0.01% COMSCORE INC < 0.01% WESTAMERICA BANCORPORATION < 0.01% ACXIOM CORP < 0.01% LOGMEIN INC < 0.01% KRAFT FOODS INC-CLASS A < 0.01% Security % of Portfolio AQUA AMERICA INC < 0.01% INDONESIA AS SP 1.00% 03/20/2016 < 0.01% KOSMOS ENERGY LTD < 0.01% MERIDIAN BIOSCIENCE INC < 0.01% S FRWD AUD 03/21/2012 < 0.01% (S) CME IRS USD R 3ML 4.00% 12/21/2041 < 0.01% WOODWARD INC < 0.01% PAREXEL INTERNATIONAL CORP < 0.01% B&G FOODS INC < 0.01% MARRIOTT VACATIONS WORLD < 0.01% CONMED CORP < 0.01% COVANTA HOLDING CORP < 0.01% L FRWD SEK 03/21/2012 < 0.01% WATERS CORP < 0.01% NEOGEN CORP < 0.01% TREEHOUSE FOODS INC < 0.01% INTL SPEEDWAY CORP-CL A < 0.01% MCKESSON CORP < 0.01% NANOMETRICS INC < 0.01% FIRST FINANCIAL BANCORP < 0.01% NUVASIVE INC < 0.01% SOUTH JERSEY INDUSTRIES < 0.01% PALL CORP < 0.01% ORBITAL SCIENCES CORP < 0.01% PATRIOT COAL CORP < 0.01% CH ENERGY GROUP INC < 0.01% ORIENT EXPRESS HOTELS LTD - < 0.01% PIEDMONT NATURAL GAS CO < 0.01% NATIONAL FUEL GAS CO < 0.01% SYNCHRONOSS TECHNOLOGIES IN < 0.01% FIRSTMERIT CORP < 0.01% STAMPS.COM INC < 0.01% FNB CORP < 0.01% FLOWSERVE CORP < 0.01% HAIN CELESTIAL GROUP INC < 0.01% KINDRED HEALTHCARE INC < 0.01% MICRON TECHNOLOGY INC < 0.01% ULTRATECH INC < 0.01% WESTAR ENERGY INC < 0.01% ENERGIZER HOLDINGS INC < 0.01% PRAXAIR INC < 0.01% IRS USD P 4.0-3ML DUB 12/21/2041 < 0.01% EXPEDITORS INTL WASH INC < 0.01% L FRWD GBP 03/21/2012 < 0.01% MOODY'S CORP < 0.01% S FRWD JPY 03/21/2012 < 0.01% MINE SAFETY APPLIANCES CO < 0.01% TRIMBLE NAVIGATION LTD < 0.01% ADVENT SOFTWARE INC < 0.01% CALLAWAY GOLF COMPANY < 0.01% MEDNAX INC < 0.01% JDS UNIPHASE CORP < 0.01% KB HOME < 0.01% WEIGHT WATCHERS INTL INC < 0.01% Asset Allocation Portfolio Holdings 15 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio BROWN SHOE COMPANY INC < 0.01% BENCHMARK ELECTRONICS INC < 0.01% PLEXUS CORP < 0.01% KILROY REALTY CORP < 0.01% PROTECTIVE LIFE CORP < 0.01% UMPQUA HOLDINGS CORP < 0.01% ION GEOPHYSICAL CORP < 0.01% LEAP WIRELESS INTL INC < 0.01% JACK IN THE BOX INC < 0.01% DU PONT (E.I.) DE NEMOURS < 0.01% GEORESOURCES INC < 0.01% RPM INTERNATIONAL INC < 0.01% INTL RECTIFIER CORP < 0.01% ALEXANDRIA REAL ESTATE EQUI < 0.01% PROGRESSIVE CORP < 0.01% CMS ENERGY CORP < 0.01% NISOURCE INC < 0.01% PSS WORLD MEDICAL INC < 0.01% HANESBRANDS INC < 0.01% BANCORPSOUTH INC < 0.01% INTL FLAVORS & FRAGRANCES < 0.01% WRIGHT EXPRESS CORP < 0.01% SNYDERS-LANCE INC < 0.01% APTARGROUP INC < 0.01% UDR INC < 0.01% H.B. FULLER CO. < 0.01% AARON'S INC < 0.01% IPG PHOTONICS CORP < 0.01% REGENCY CENTERS CORP < 0.01% WEINGARTEN REALTY INVESTORS < 0.01% COMMUNITY BANK SYSTEM INC < 0.01% STIFEL FINANCIAL CORP < 0.01% AIR PRODUCTS & CHEMICALS IN < 0.01% ENPRO INDUSTRIES INC < 0.01% T ROWE PRICE GROUP INC < 0.01% IPC THE HOSPITALIST CO < 0.01% MANITOWOC COMPANY INC < 0.01% S FRWD AUD 02/23/2012 < 0.01% AIR METHODS CORP < 0.01% MACERICH CO/THE < 0.01% SCIENTIFIC GAMES CORP-A < 0.01% TIME WARNER CABLE < 0.01% ACUITY BRANDS INC < 0.01% MEADWESTVACO CORP < 0.01% UNITED NATURAL FOODS INC < 0.01% PEPCO HOLDINGS INC < 0.01% FEI COMPANY < 0.01% FINANCIAL ENGINES INC < 0.01% ACTUANT CORP-A < 0.01% CITY NATIONAL CORP < 0.01% LANCASTER COLONY CORP < 0.01% DIODES INC < 0.01% TERADYNE INC < 0.01% BIO-RAD LABORATORIES-A < 0.01% Security % of Portfolio COSTCO WHOLESALE CORP < 0.01% CALGON CARBON CORP < 0.01% ENTERTAINMENT PROPERTIES TR < 0.01% RUDDICK CORP < 0.01% HOME PROPERTIES INC < 0.01% DYCOM INDUSTRIES INC < 0.01% FLOWERS FOODS INC < 0.01% AMERICAN EXPRESS CO < 0.01% KAYDON CORP < 0.01% ROVI CORP < 0.01% EATON VANCE CORP < 0.01% HEALTHCARE SERVICES GROUP < 0.01% PACWEST BANCORP < 0.01% PATTERSON COS INC < 0.01% CATALYST HEALTH SOLUTIONS I < 0.01% COGNEX CORP < 0.01% PEETS COFFEE & TEA INC < 0.01% MERITAGE HOMES CORP < 0.01% RALPH LAUREN CORP < 0.01% GEN-PROBE INC < 0.01% CABELA'S INC -0.01% KIRBY CORP -0.01% RTI INTERNATIONAL METALS IN -0.01% TYCO INTERNATIONAL LTD -0.01% SOUTHERN CO/THE -0.01% ARTHUR J GALLAGHER & CO -0.01% ESTERLINE TECHNOLOGIES CORP -0.01% ESTEE LAUDER COMPANIES-CL A -0.01% NORTHWEST NATURAL GAS CO -0.01% INTEGRYS ENERGY GROUP INC -0.01% ROYAL GOLD INC -0.01% L FRWD IND 07/12/2012 -0.01% RYLAND GROUP INC/THE -0.01% DIAMONDROCK HOSPITALITY CO -0.01% GENTEX CORP -0.01% COMSTOCK RESOURCES INC -0.01% GENERAL GROWTH PROPERTIES -0.01% INTEGRATED DEVICE TECH INC -0.01% HORNBECK OFFSHORE SERVICES -0.01% S FRWD IND 07/12/2012 -0.01% CHESAPEAKE ENERGY CORP -0.01% TEEKAY CORP -0.01% SOURCEFIRE INC -0.01% MONSANTO CO -0.01% RAYONIER INC -0.01% CARMAX INC -0.01% FEDERAL REALTY INVS TRUST -0.01% MDC HOLDINGS INC -0.01% IRON MOUNTAIN INC -0.01% HCP INC -0.01% ALLIANCE DATA SYSTEMS CORP -0.01% CORELOGIC INC -0.01% GRANITE CONSTRUCTION INC -0.01% PROSPERITY BANCSHARES INC -0.01% Asset Allocation Portfolio Holdings 16 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio REGIS CORP -0.01% CULLEN/FROST BANKERS INC -0.01% QUICKSILVER RESOURCES INC -0.01% SCOTTS MIRACLE-GRO CO-CL A -0.01% COLLECTIVE BRANDS INC -0.01% INTREPID POTASH INC -0.01% NORTHERN TRUST CORP -0.01% TOOTSIE ROLL INDS -0.01% MATTHEWS INTL CORP-CLASS A -0.01% UTI WORLDWIDE INC -0.01% VIRGIN MEDIA INC -0.01% RF MICRO DEVICES INC -0.01% MARKEL CORP -0.01% RACKSPACE HOSTING INC -0.01% PLAINS EXPLORATION & PRODUC -0.01% CHURCH & DWIGHT CO INC -0.01% FMC TECHNOLOGIES INC -0.01% NATIONAL INSTRUMENTS CORP -0.01% AMYLIN PHARMACEUTICALS INC -0.01% TEREX CORP -0.01% HENRY SCHEIN INC -0.01% VERIFONE SYSTEMS INC -0.01% LOUISIANA-PACIFIC CORP -0.01% ESSEX PROPERTY TRUST INC -0.01% HIGHWOODS PROPERTIES INC -0.01% HMS HOLDINGS CORP -0.01% GREENHILL & CO INC -0.01% L FRWD EUR 03/21/2012 -0.01% STERICYCLE INC -0.01% TERADATA CORP -0.01% CONSOLIDATED EDISON INC -0.01% CERNER CORP -0.01% TIDEWATER INC -0.01% ALTRIA GROUP INC -0.01% WYNN RESORTS LTD -0.01% EQUITY RESIDENTIAL -0.01% DANAHER CORP -0.01% CARBO CERAMICS INC -0.01% GRAFTECH INTERNATIONAL LTD -0.01% MGM RESORTS INTERNATIONAL -0.01% CONCHO RESOURCES INC -0.01% ILLUMINA INC -0.01% STARBUCKS CORP -0.01% MASCO CORP -0.01% SANDRIDGE ENERGY INC -0.01% PIONEER NATURAL RESOURCES C -0.01% LAS VEGAS SANDS CORP -0.01% DECKERS OUTDOOR CORP -0.01% CIENA CORP -0.01% CYMER INC -0.01% VIASAT INC -0.01% TEXTRON INC -0.01% HANCOCK HOLDING CO -0.01% AMAZON.COM INC -0.01% Security % of Portfolio CREE INC -0.01% AMERICAN TOWER CORP-CL A -0.01% DREAMWORKS ANIMATION SKG-A -0.01% BEMIS COMPANY -0.01% LAM RESEARCH CORP -0.01% GREEN MOUNTAIN COFFEE ROAST -0.01% UNDER ARMOUR INC-CLASS A -0.01% WEBMD HEALTH CORP -0.01% PERRIGO CO -0.01% ARIBA INC -0.01% SALESFORCE.COM INC -0.01% OWENS & MINOR INC -0.01% SIGMA-ALDRICH -0.01% ALPHA NATURAL RESOURCES INC -0.01% OLD REPUBLIC INTL CORP -0.01% NORTHERN OIL AND GAS INC -0.01% BROOKDALE SENIOR LIVING INC -0.01% AVALONBAY COMMUNITIES INC -0.01% BILL BARRETT CORP -0.01% UNITED STATES STEEL CORP -0.01% ON SEMICONDUCTOR CORPORATIO -0.01% WASTE CONNECTIONS INC -0.01% MSCI INC-A -0.01% URBAN OUTFITTERS INC -0.01% SAKS INC -0.01% TIFFANY & CO -0.01% EOG RESOURCES INC -0.01% ARCH CAPITAL GROUP LTD -0.01% NUCOR CORP -0.01% SCHLUMBERGER LTD -0.01% LUFKIN INDUSTRIES INC -0.01% STANLEY BLACK & DECKER INC -0.01% HERTZ GLOBAL HOLDINGS INC -0.01% EQUINIX INC -0.01% TALEO CORP-CLASS A -0.01% AON CORP -0.01% JOY GLOBAL INC -0.01% XILINX INC -0.01% OLIN CORP -0.01% ALLIED NEVADA GOLD CORP -0.01% BOSTON PROPERTIES INC -0.01% DENTSPLY INTERNATIONAL INC -0.01% LIBERTY GLOBAL INC-A -0.01% GATX CORP -0.01% WATSCO INC -0.01% SIGNATURE BANK -0.01% HEALTH CARE REIT INC -0.01% FIDELITY NATIONAL FINL-A -0.01% SVB FINANCIAL GROUP -0.01% JACK HENRY & ASSOCIATES INC -0.01% FASTENAL CO -0.01% AOL INC -0.01% EDWARDS LIFESCIENCES CORP -0.01% FLIR SYSTEMS INC -0.01% Asset Allocation Portfolio Holdings 17 of 131 AST Academic Strategies Asset Allocation Portfolio (continued) Security % of Portfolio WGL HOLDINGS INC -0.01% HAWAIIAN ELECTRIC INDS -0.01% PLUM CREEK TIMBER CO -0.01% DRESSER-RAND GROUP INC -0.01% BOEING CO/THE -0.01% ECOLAB INC -0.01% ALLEGHENY TECHNOLOGIES INC -0.01% TRUSTMARK CORP -0.01% DRIL-QUIP INC -0.01% REGENERON PHARMACEUTICALS -0.01% TOLL BROTHERS INC -0.01% IHS INC-CLASS A -0.01% TRINITY INDUSTRIES INC -0.01% WR BERKLEY CORP -0.01% CARPENTER TECHNOLOGY -0.01% STARWOOD HOTELS & RESORTS -0.01% LENNAR CORP-A -0.01% OMNICARE INC -0.01% CASH COLLATERAL ISDA BRC US -0.01% RENAISSANCERE HOLDINGS LTD -0.01% DR HORTON INC -0.01% FTI CONSULTING INC -0.01% MICROCHIP TECHNOLOGY INC -0.01% CONCUR TECHNOLOGIES INC -0.01% J.C.<br><br> PENNEY CO INC -0.01% LAMAR ADVERTISING CO-A -0.01% BIOMARIN PHARMACEUTICAL INC -0.01% CASH COLLATERAL ISDA USD -0.02% (S) CME IRS USD R 3ML 3.50% 06/15/2021 -0.02% CASH COLLATERAL FED FUND -0.03% FANNIE MAE 01/13/2042 -0.06% FANNIE MAE 01/13/2041 -0.08% TRS (DJUBSTR) INDEX CS 04/05/2012 -0.29% INDEX SWAP (NDDUEAFE) USDLI 04/05/2012 -0.47% Asset Allocation Portfolio Holdings 18 of 131 AST Balanced Asset Allocation Portfolio Security % of Portfolio (PDBP) PIMCO TOTAL RETURN B 11.42% (PDX0) LARGE CAP VALUE PORT 8.44% (296655) PRUDENTIAL CORE BO 6.54% (PDBD) WESTERN ASSET CORE P 6.51% (PD2Z) VALUE PORTFOLIO 5.66% (PDBJ) MARSICO CAPITAL GROW 5.39% (296111) JENNISON LC GROWTH 5.35% (PDBK) TROWE LARGE CAP GROW 5.35% (PDBS) LORD ABBETT CORE FIX 4.90% PRUDENTIAL CORE INVESTMENT 4.75% (PD40) INT'L VALUE PORTFOLI 4.51% (PD50) INT'L GROWTH PORTFOL 4.49% (PDBQ) NEUBERGER BERMAN COR 3.27% (3044) MFS GROWTH PORTFOLIO 3.23% (296113) JENNISON LC VALUE 2.72% (PD20) AST HIGH YIELD BOND 2.33% (3004) GS CONCENTRATED GROW 2.20% S&P 500 US FUTURES 03/30/2012 2.00% (PDBT) GS LARGE CAP VALUE 1.87% US 10YR NOTE FUT 03/30/2012 1.63% (PDBM) PARAMETRIC EMERGING 1.45% (3003) MONEY MARKET PORTFOL 0.90% (3019) PIMCO LIMITED MATURI 0.68% (30A0) SMALL CAP VALUE PORT 0.61% (PDW0) MID-CAP VALUE PORTFO 0.57% (PD90) SMALL-CAP GROWTH 0.51% (3018) TROWE NATURAL RESOUR 0.42% (PDAT) NEUBERGER MID-CAP GR 0.40% (PD80) FEDERATED AGGRE GRO 0.34% (3094) GS MID-CAP GROWTH 0.28% (3036) GS SMALL-CAP VALUE 0.27% RUSSELL 2000 MINI 03/31/2012 0.25% FTSE 100 INDEX FUT 03/19/2012 0.16% TOPIX INDEX FUTURE 03/09/2012 0.16% CAC 40 10 EUR FUTURES JANUA 02/01/2012 0.10% DAX INDEX FUTURE 03/19/2012 0.10% US-T BILL, , 0.050188% 06/28/2012 0.07% US T-BILLS 0.050192% 06/28/2012 0.06% US T-BILLS 0.060233% 06/28/2012 0.06% US T-BILLS 0.060230% 06/28/2012 0.03% US T-BILLS 0.050209% 06/28/2012 0.01% JAPANESE YEN < 0.01% US T-BILLS 0.060239% 06/28/2012 < 0.01% (3015) TROWE GLOBAL BOND < 0.01% EUROPEAN CURRENCY < 0.01% UK POUND STERLING < 0.01% Asset Allocation Portfolio Holdings 19 of 131 AST CLS Growth Asset Allocation Security % of Portfolio (PD50) INT'L GROWTH PORTFOL 12.44% (PDX0) LARGE CAP VALUE PORT 9.04% (PDBP) PIMCO TOTAL RETURN B 6.87% (PD2Z) VALUE PORTFOLIO 5.92% (PDBJ) MARSICO CAPITAL GROW 5.46% (3003) MONEY MARKET PORTFOL 5.45% (296111) JENNISON LC GROWTH 5.33% (PDBK) TROWE LARGE CAP GROW 5.33% (296655) AST PRU CORE BOND 3.95% (PDBD) WESTERN ASSET CORE P 3.94% (PD90) SMALL-CAP GROWTH 3.37% (3044) MFS GROWTH PORTFOLIO 3.27% (PD40) INT'L VALUE PORTFOLI 3.07% (PDBS) LORD ABBETT CORE FIX 2.96% (PD80) FEDERATED AGGRE GRO 2.92% (296113) JENNISON LC VALUE 2.80% ISHARES IBOXX H/Y CORP BOND 2.28% (3004) GS CONCENTRATED GROW 2.25% (PDBQ) AST PRU NB CORE BOND 1.97% (PDBT) GS LARGE CAP VALUE 1.92% TECHNOLOGY SELECT SECT SPDR 1.49% ENERGY SELECT SECTOR SPDR 1.02% SPDR S&P BANK ETF 1.02% ISHARES MSCI GERMANY INDEX 1.00% PRUDENTIAL CORE INVESTMENT 0.76% (PDW0) MID-CAP VALUE PORTFO 0.65% ISHARES MSCI EMERGING MKT I 0.54% ISHARES DJ US HEALTHCARE SE 0.52% ISHARES S&P GLBL TECH SECTO 0.51% VANGUARD HEALTH CARE ETF 0.51% ISHARES FTSE CHINA 25 INDEX 0.51% (PDAT) NEUBERGER MID-CAP GR 0.37% POWERSHARES DB US DOL IND B 0.30% (3094) GS MID-CAP GROWTH 0.26% Asset Allocation Portfolio Holdings 20 of 131 AST CLS Moderate Asset Allocation Security % of Portfolio (3003) MONEY MARKET PORTFOL 13.47% (PDBP) PIMCO TOTAL RETURN B 11.03% (PD50) INT'L GROWTH PORTFOL 8.50% (296655) AST PRU CORE BOND 6.33% (PDBD) WESTERN ASSET CORE P 6.32% (PDX0) LARGE CAP VALUE PORT 6.00% (PDBS) LORD ABBETT CORE FIX 4.75% (PDBJ) MARSICO CAPITAL GROW 4.00% (PD2Z) VALUE PORTFOLIO 3.95% (PDBK) TROWE LARGE CAP GROW 3.90% (296111) JENNISON LC GROWTH 3.90% (PDBQ) AST PRU NB CORE BOND 3.16% (3044) MFS GROWTH PORTFOLIO 2.39% (PD90) SMALL-CAP GROWTH 2.32% ISHARES IBOXX H/Y CORP BOND 2.30% (PD40) INT'L VALUE PORTFOLI 2.04% (PD80) FEDERATED AGGRE GRO 2.03% (296113) JENNISON LC VALUE 1.88% (3004) GS CONCENTRATED GROW 1.64% TECHNOLOGY SELECT SECT SPDR 1.51% (PDBT) GS LARGE CAP VALUE 1.27% SPDR S&P BANK ETF 1.03% ENERGY SELECT SECTOR SPDR 1.02% ISHARES MSCI GERMANY INDEX 1.01% ISHARES MSCI EMERGING MKT I 0.60% ISHARES DJ US HEALTHCARE SE 0.58% VANGUARD HEALTH CARE ETF 0.57% ISHARES FTSE CHINA 25 INDEX 0.52% (PDW0) MID-CAP VALUE PORTFO 0.43% ISHARES S&P GLBL TECH SECTO 0.43% PRUDENTIAL CORE INVESTMENT 0.38% POWERSHARES DB US DOL IND B 0.28% (PDAT) NEUBERGER MID-CAP GR 0.28% (3094) GS MID-CAP GROWTH 0.19% Asset Allocation Portfolio Holdings 21 of 131 AST Capital Growth Asset Allocation Portfolio Security % of Portfolio (PDX0) LARGE CAP VALUE PORT 10.57% (PDBP) PIMCO TOTAL RETURN B 7.20% (PD2Z) VALUE PORTFOLIO 7.07% (PDBJ) MARSICO CAPITAL GROW 6.77% (PDBK) TROWE LARGE CAP GROW 6.71% (296111) JENNISON LC GROWTH 6.70% (PD40) INT'L VALUE PORTFOLI 5.59% (PD50) INT'L GROWTH PORTFOL 5.57% PRUDENTIAL CORE INVESTMENT 4.65% (296655) PRUDENTIAL CORE BO 4.14% (PDBD) WESTERN ASSET CORE P 4.11% (3044) MFS GROWTH PORTFOLIO 4.06% (296113) JENNISON LC VALUE 3.45% (PDBS) LORD ABBETT CORE FIX 3.10% (3004) GS CONCENTRATED GROW 2.77% S&P 500 US FUTURES 03/31/2012 2.45% (PDBT) GS LARGE CAP VALUE 2.36% (PDBQ) NEUBERGER BERMAN COR 2.07% (PDBM) PARAMETRIC EMERGING 1.77% (PD20) AST HIGH YIELD BOND 1.49% US 10YR NOTE FUT MAR 12 03/31/2012 0.94% (30A0) SMALL CAP VALUE PORT 0.76% (PDW0) MID-CAP VALUE PORTFO 0.72% (PD90) SMALL-CAP GROWTH 0.64% (3018) TROWE NATURAL RESOUR 0.53% (PDAT) NEUBERGER MID-CAP GR 0.50% (3003) MONEY MARKET PORTFOL 0.46% (3019) PIMCO LIMITED MATURI 0.43% (PD80) FEDERATED AGGRE GRO 0.42% (3094) GS MID-CAP GROWTH 0.34% (3036) GS SMALL-CAP VALUE 0.33% RUSSELL 2000 MINI 03/31/2012 0.33% US T-BILL, , .030144% 06/28/2012 0.22% FTSE 100 INDEX FUT 03/19/2012 0.20% TOPIX INDEX FUTURE 03/09/2012 0.19% CAC 40 10 EUR FUTURES 02/01/2012 0.19% DAX INDEX FUTURE 03/19/2012 0.15% US T-BILL, ,0.050238% 06/28/2012 0.04% (3015) TROWE GLOBAL BOND 0.01% US T-BILLS 0.025122% 06/28/2012 0.01% JAPANESE YEN 0.01% EUROPEAN CURRENCY 0.01% UK POUND STERLING < 0.01% Asset Allocation Portfolio Holdings 22 of 131 AST FI Pyramis ® Asset Allocation Portfolio Security % of Portfolio PRUDENTIAL CORE INVESTMENT 12.22% S&P 500 EMINI FUTURE 04/30/2012 9.19% US TREASURY N/B 09/15/2014 3.60% APPLE INC 1.12% US TREASURY N/B 01/31/2013 1.05% CHEVRON CORP 1.01% US TREASURY N/B 10/31/2018 0.98% US TREASURY N/B 08/15/2021 0.91% US TREASURY N/B 08/15/2041 0.85% GOOGLE INC-CL A 0.80% PROCTER & GAMBLE CO/THE 0.75% CVS CAREMARK CORP 0.72% PFIZER INC 0.70% OCCIDENTAL PETROLEUM CORP 0.67% TSY INFL IX N/B 02/15/2041 0.63% INVESCO LTD 0.58% FANNIE MAE 09/01/2034 0.57% ROYAL DUTCH SHELL PLC-ADR 0.57% JPMORGAN CHASE & CO 0.52% ALTRIA GROUP INC 0.51% SAPIENT CORPORATION 0.48% ABERCROMBIE & FITCH CO-CL A 0.47% PPL CORPORATION 0.44% BERKSHIRE HATHAWAY INC-CL B 0.42% WI TREASURY SEC. 12/31/2018 0.42% FANNIE MAE 12/01/2039 0.42% DANAHER CORP 0.41% PUBLIC STORAGE 0.40% BOEING CO/THE 0.40% COMPUWARE CORP 0.39% FLOWSERVE CORP 0.39% UNION PACIFIC CORP 0.38% METLIFE INC 0.37% AMGEN INC 0.37% DISH NETWORK CORP-A 0.37% UNITED TECHNOLOGIES CORP 0.37% AVAGO TECHNOLOGIES LTD 0.36% ONYX PHARMACEUTICALS INC 0.36% COGNIZANT TECH SOLUTIONS-A 0.36% ESTEE LAUDER COMPANIES-CL A 0.35% TIME WARNER CABLE 0.35% VODAFONE GROUP PLC 0.35% VIACOM INC-CLASS B 0.34% JUNIPER NETWORKS INC 0.34% QUALCOMM INC 0.34% ROCHE HOLDING AG-GENUSSCHEI 0.33% FANNIE MAE 01/01/2042 0.33% AKAMAI TECHNOLOGIES INC 0.33% STARWOOD HOTELS & RESORTS 0.33% ALLERGAN INC 0.33% COMERICA INC 0.32% KEYCORP 0.32% HEWLETT-PACKARD CO 0.32% PLATINUM UNDERWRITERS HLDGS 0.32% Security % of Portfolio HOLOGIC INC 0.31% CHECK POINT SOFTWARE TECH 0.31% PRECISION CASTPARTS CORP 0.31% DR PEPPER SNAPPLE GROUP INC 0.31% NESTLE SA-REG 0.31% KELLOGG CO 0.30% UNITEDHEALTH GROUP INC 0.30% GOLDMAN SACHS GROUP INC 0.29% ESSEX PROPERTY TRUST INC 0.29% CME GROUP INC 0.29% CENTURYLINK INC 0.29% AMAZON.COM INC 0.29% VMWARE INC-CLASS A 0.28% CARLISLE COS INC 0.28% EXELON CORP 0.28% WACHOVIA BANK COMMERCIAL MO 02/15/2051 0.28% POST PROPERTIES INC 0.28% BIOGEN IDEC INC 0.28% IBERIABANK CORP 0.28% FREDDIE MAC 10/01/2038 0.27% LYONDELLBASELL INDU-CL A 0.27% BROADCOM CORP-CL A 0.27% GLAXOSMITHKLINE PLC 0.27% SANOFI 0.27% EDISON INTERNATIONAL 0.27% GENERAL ELECTRIC CO 0.27% AES CORP 0.26% PRICELINE.COM INC 0.26% BRITISH AMERICAN TOBACCO PL 0.26% BHP BILLITON LTD 0.26% COACH INC 0.25% ROYAL DUTCH SHELL PLC-A SHS 0.25% JOHNSON CONTROLS INC 0.25% CATERPILLAR INC 0.25% DFC GLOBAL CORP 0.25% WYNN RESORTS LTD 0.25% OMNICARE INC 0.25% RIO TINTO PLC 0.25% KROGER CO 0.25% HSBC HOLDINGS PLC 0.24% AT&T INC 0.24% DOUGLAS EMMETT INC 0.24% ASHLAND INC 0.24% AMERICAN CAMPUS COMMUNITIES 0.24% BP PLC 0.24% CUMMINS INC 0.24% PRAXAIR INC 0.24% EQUITY RESIDENTIAL 0.24% FANNIE MAE 09/01/2041 0.23% NATIONAL OILWELL VARCO INC 0.23% BG GROUP PLC 0.23% EXPRESS SCRIPTS INC 0.23% DENTSPLY INTERNATIONAL INC 0.23% GOVERNMENT NATIONAL MORTGAG 10/15/2041 0.22% Asset Allocation Portfolio Holdings 23 of 131 AST FI Pyramis ® Asset Allocation Portfolio (continued) Security % of Portfolio VITAMIN SHOPPE INC 0.22% MEAD JOHNSON NUTRITION CO 0.22% AMETEK INC 0.22% PETSMART INC 0.22% VALEANT PHARMACEUTICALS 0.21% HESS CORP 0.21% TOTAL SA 0.21% FANNIE MAE 09/01/2038 0.21% KBR INC 0.21% HALLIBURTON CO 0.21% PENN NATIONAL GAMING INC 0.21% EQUINIX INC 0.20% HONDA MOTOR CO LTD 0.20% OGE ENERGY CORP 0.19% YUM! BRANDS INC 0.19% REGIONS FINANCIAL CORP 0.19% UBS AG-REG 0.19% FANNIE MAE 07/01/2035 0.19% ADTRAN INC 0.19% DARDEN RESTAURANTS INC 0.19% REINSURANCE GROUP OF AMERIC 0.19% COLFAX CORP 0.19% FANNIE MAE 02/01/2041 0.19% ECOLAB INC 0.18% AIRGAS INC 0.18% SIEMENS AG-REG 0.18% TD AMERITRADE HOLDING CORP 0.18% REGAL ENTERTAINMENT GROUP-A 0.18% FANNIE MAE 09/01/2041 0.18% LULULEMON ATHLETICA INC 0.17% TERADYNE INC 0.17% TEXAS INSTRUMENTS INC 0.17% MITSUBISHI UFJ FINANCIAL GR 0.17% ASSURANT INC 0.17% NATIONAL AUSTRALIA BANK LTD 0.17% EMC CORP/MASS 0.17% TRIUMPH GROUP INC 0.17% BE AEROSPACE INC 0.17% UNILEVER NV-CVA 0.16% IMPERIAL TOBACCO GROUP PLC 0.16% TENNECO INC 0.16% ROCKWOOD HOLDINGS INC 0.16% NU SKIN ENTERPRISES INC - A 0.16% NIPPON TELEGRAPH & TELEPHON 0.16% FIRSTMERIT CORP 0.16% WASTE CONNECTIONS INC 0.16% TESCO PLC 0.16% CAMERON INTERNATIONAL CORP 0.16% FIDELITY NATIONAL INFORMATI 0.16% AGCO CORP 0.16% AMERICAN TOWER CORP-CL A 0.15% JAPAN TOBACCO INC 0.15% NII HOLDINGS INC 0.15% FAMILY DOLLAR<br><br>

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