# EDGAR Filing Document

**Accession Number:** 0000814679
**File Stem:** 0001752724-23-035893
**Filing Date:** 2023-2
**Character Count:** 35440
**Document Hash:** 52be9db49a4e1b9926bb06d21c15993f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035893.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035893

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVANCED SERIES TRUST
- **CENTRAL INDEX KEY:** 0000814679
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05186
- **FILM NUMBER:** 23657598

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN SKANDIA TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HENDERSON INTERNATIONAL GROWTH FUND
- **DATE OF NAME CHANGE:** 19920506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HENDERSON GLOBAL ASSET TRUST
- **DATE OF NAME CHANGE:** 19900302

## Series and Classes Contracts Data

### AST T. ROWE PRICE NATURAL RESOURCES PORTFOLIO (Series ID: S000001982)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000005192 | AST T. ROWE PRICE NATURAL RESOURCES PORTFOLIO |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Advanced Series Trust

- **b. Investment Company Act file number:** 811-05186

- **c. CIK number of Registrant:** 0000814679

- **d. LEI of Registrant:** 549300VWSUPW8FKG9V43

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-888-778-2888

**Item A.2. Information about the Series.**

- **a. Name of Series:** AST T. Rowe Price Natural Resources Portfolio

- **b. EDGAR series identifier (if any):** S000001982

- **c. LEI of Series:** U5YK8IFVH8QXQBE1SF35

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $426241258.33

**Total Liabilities:** $35390507.31

**Net Assets:** $390850751.02

**Cash Not Reported:** $2607259.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005192 | 13.07%               | 7.73%                | -3.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-155079.08              | $44344712.38                               |
| Month 2  | $-781039.27              | $29752008.58                               |
| Month 3  | $468928.20               | $-18637641.63                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hess Corp                                | Hess Corp                                | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     96081 | NS      | $13626207.42  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                          | Baker Hughes Co                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86503 | NS      | $2554433.59   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd           | Canadian Natural Resources Ltd           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     93366 | NS      | $5184778.09   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                           | Bakkafrost P/F                           | CUSIP: 000000000<br>LEI: 2138007LH7OP4V112978 | Long             | EC               | CORP              | FO        |     66981 | NS      | $4181437.53   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| IGO Ltd                                  | IGO Ltd                                  | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |    439567 | NS      | $4020874.60   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                       | Weir Group PLC/The                       | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    145859 | NS      | $2933871.57   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar Inc                          | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     13668 | NS      | $3274306.08   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                    | RPM International Inc                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     51820 | NS      | $5049859.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                           | Halliburton Co                           | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     74993 | NS      | $2950974.55   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                | Linde PLC                                | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |     32978 | NS      | $10756764.04  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                       | Perseus Mining Ltd                       | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    910554 | NS      | $1310255.87   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                  | Sherwin-Williams Co/The                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     32113 | NS      | $7621378.29   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TGS ASA                                  | TGS ASA                                  | CUSIP: 000000000<br>LEI: 549300NUPLAXPB0WYH90 | Long             | EC               | CORP              | NO        |    148012 | NS      | $2001480.77   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                              | Equinor ASA                              | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    356472 | NS      | $12811702.14  | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                      | Dominion Energy Inc                      | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     30276 | NS      | $1856524.32   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                | Shin-Etsu Chemical Co Ltd                | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      9600 | NS      | $1172277.25   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                            | BHP Group Ltd                            | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    271607 | NS      | $8413555.09   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                               | Legrand SA                               | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     22319 | NS      | $1789576.07   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                       | Anglo American PLC                       | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     62358 | NS      | $2441932.35   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd                   | Wesdome Gold Mines Ltd                   | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    262729 | NS      | $1451412.79   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                        | Devon Energy Corp                        | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    157447 | NS      | $9684564.97   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                          | Xcel Energy Inc                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     17526 | NS      | $1228747.86   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                         | Schlumberger Ltd                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     39300 | NS      | $2100978.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWOOL A/S                             | ROCKWOOL A/S                             | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |      6959 | NS      | $1629122.05   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnolia Oil & Gas Corp                  | Magnolia Oil & Gas Corp                  | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179333 | NS      | $4205358.85   | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| FMC Corp                                 | FMC Corp                                 | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     48646 | NS      | $6071020.80   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                              | Cummins Inc                              | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     18009 | NS      | $4363400.61   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                             | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78886 | NS      | $14159248.14  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                 | Svenska Cellulosa AB SCA                 | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |    159713 | NS      | $2022712.99   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Energy Corp                   | Chesapeake Energy Corp                   | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     40700 | NS      | $3840859.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                              | Nutrien Ltd                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     92654 | NS      | $6766521.62   | 1.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Albemarle Corp                           | Albemarle Corp                           | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      6739 | NS      | $1461419.54   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                      | Avery Dennison Corp                      | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     14909 | NS      | $2698529.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                            | DTE Energy Co                            | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     15100 | NS      | $1774703.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                      | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     18195 | NS      | $2592787.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Dreyfus Government Cash Management       | Dreyfus Government Cash Management       | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   1418968 | NS      | $1418968.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TechnipFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    320039 | NS      | $3901275.41   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                    | Norfolk Southern Corp                    | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      8451 | NS      | $2082495.42   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                | Packaging Corp of America                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     37848 | NS      | $4841137.68   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                    | Schneider Electric SE                    | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     22178 | NS      | $3114559.64   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Vulcan Materials Co                      | Vulcan Materials Co                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     13999 | NS      | $2451364.89   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co             | Pioneer Natural Resources Co             | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     45145 | NS      | $10310666.55  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                  | Darling Ingredients Inc                  | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     87980 | NS      | $5506668.20   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                               | Tenaris SA                               | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     66727 | NS      | $2346121.32   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                       | NextEra Energy Inc                       | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     99022 | NS      | $5020415.40   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                              | South32 Ltd                              | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |   1271700 | NS      | $3486529.70   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CF Industries Holdings Inc               | CF Industries Holdings Inc               | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     50606 | NS      | $4311631.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                          | CMS Energy Corp                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     23591 | NS      | $1494018.03   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                               | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      7856 | NS      | $3368338.56   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                          | Weyerhaeuser Co                          | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     64049 | NS      | $1985519.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                | Epiroc AB                                | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    189476 | NS      | $3048138.13   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                   | Grupo Mexico SAB de CV                   | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    755437 | NS      | $2663306.49   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM Institutional Money Market Fund - D | PGIM Institutional Money Market Fund - D | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  34175834 | NS      | $34162163.23  | 8.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                       | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14724 | NS      | $1230926.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                              | Ameren Corp                              | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     20564 | NS      | $1828550.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    197190 | NS      | $23268420.00  | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc           | Air Products and Chemicals Inc           | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     17038 | NS      | $5252133.88   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                             | Rayonier Inc                             | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     68758 | NS      | $2266263.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Liberty Energy Inc                       | Liberty Energy Inc                       | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68686 | NS      | $1099662.86   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Verallia SA                              | Verallia SA                              | CUSIP: 000000000<br>LEI: 5299007YZU978DE0ZY32 | Long             | EC               | CORP              | FR        |     79049 | NS      | $2678947.56   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                       | Franco-Nevada Corp                       | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17552 | NS      | $2392594.27   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co             | Reliance Steel & Aluminum Co             | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     10675 | NS      | $2161047.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                     | Southern Copper Corp                     | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | MX        |     81081 | NS      | $4896481.59   | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Boliden AB                               | Boliden AB                               | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |    184055 | NS      | $6913510.20   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubbell Inc                              | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     17341 | NS      | $4069585.88   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                            | Alfa Laval AB                            | CUSIP: 000000000<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     66830 | NS      | $1933214.10   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                         | TotalEnergies SE                         | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    342743 | NS      | $21515076.14  | 5.50%             |  |  |  | No            |                  2 | On Loan: —       |
| NAC Kazatomprom JSC                      | NAC Kazatomprom JSC                      | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     41523 | NS      | $1166113.87   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd                            | Rio Tinto Ltd                            | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     21515 | NS      | $1698084.00   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene Oyj                          | UPM-Kymmene Oyj                          | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    107491 | NS      | $4022462.58   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ChampionX Corp                           | ChampionX Corp                           | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |     91358 | NS      | $2648468.42   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondi PLC                                | Mondi PLC                                | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |     33165 | NS      | $560850.25    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc                        | EOG Resources Inc                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    112395 | NS      | $14557400.40  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                            | Sempra Energy                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     20877 | NS      | $3226331.58   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc            | Shoals Technologies Group Inc            | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85631 | NS      | $2112516.77   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                           | TC Energy Corp                           | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     76366 | NS      | $3043948.76   | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Ball Corp                                | Ball Corp                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     67641 | NS      | $3459160.74   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                          | ERO Copper Corp                          | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |    114290 | NS      | $1573386.71   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                    | Element Solutions Inc                    | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    105927 | NS      | $1926812.13   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc            | Martin Marietta Materials Inc            | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      5878 | NS      | $1986587.66   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                              | Westrock Co                              | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |     39052 | NS      | $1373068.32   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                       | Union Pacific Corp                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     10176 | NS      | $2107144.32   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                     | Galp Energia SGPS SA                     | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    403930 | NS      | $5449273.12   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                             | Iberdrola SA                             | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    104601 | NS      | $1221060.02   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| West Fraser Timber Co Ltd                | West Fraser Timber Co Ltd                | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     15041 | NS      | $1086084.62   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OZ Minerals Ltd                          | OZ Minerals Ltd                          | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |    135219 | NS      | $2548765.03   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| AGCO Corp                                | AGCO Corp                                | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     14563 | NS      | $2019742.47   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                               | Cactus Inc                               | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     55437 | NS      | $2786263.62   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                          | Norsk Hydro ASA                          | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |    379118 | NS      | $2832908.79   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                | Shell PLC                                | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    290711 | NS      | $8195380.65   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| International Paper Co                   | International Paper Co                   | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     69531 | NS      | $2407858.53   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Northern Star Resources Ltd              | Northern Star Resources Ltd              | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    336313 | NS      | $2516736.79   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                               | Sandvik AB                               | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |    148954 | NS      | $2691835.02   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Co/The                          | Southern Co/The                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     42471 | NS      | $3032854.11   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                            | Akzo Nobel NV                            | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     38988 | NS      | $2616195.09   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Advanced Series Trust

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Treasurer and Principal Financial and Accounting Officer