NPORT-EX 2 PI72650PGIMHYBdFdInc..htm
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 131.1%
Bank Loans 11.0%
Auto Manufacturers 0.4%
Navistar, Inc.,
Tranche B Term Loan, 1 Month LIBOR + 3.500% 		3.620 %(c) 11/06/24   2,199  $2,197,343
Chemicals 1.2%
Alpha Bidco, Inc. (United Kingdom),
Initial Term B-1 Loan, 3 Month LIBOR + 3.000% 		4.000(c) 01/31/24   486 486,099
Hexion, Inc.,
Senior Secured Term B Loan, 3 Month LIBOR + 3.500%^ 		3.740(c) 07/01/26   1,485 1,477,500
Solenis International LP,          
First Lien Initial Dollar Term Loan, 3 Month LIBOR + 4.000% 4.256(c) 06/26/25   3,632 3,631,935
Second Lien Initial Term Loan, 3 Month LIBOR + 8.500% 8.690(c) 06/26/26   1,000 1,001,250
          6,596,784
Computers 1.3%
Everi Payments, Inc.,
Term Loan, 1 Month LIBOR + 10.500%^ 		11.500(c) 05/09/24   124 129,350
McAfee LLC,
Term B USD Loan, 1 Month LIBOR + 3.750% 		3.865(c) 09/30/24   4,406 4,413,770
Peraton Corp.,          
Term Loan^ —(p) 02/01/28   525 524,723
Term Loan^ —(p) 08/03/28   925 923,464
     
 
Surf Holdings LLC,
Senior Secured First Lien Dollar Tranche Term Loan, 3 Month LIBOR + 3.500% 		3.726(c) 03/05/27   1,243 1,236,288
          7,227,595
Electric 0.4%
Heritage Power LLC,
Term Loan B, 6 Month LIBOR + 6.000% 		7.000(c) 07/30/26   2,118 2,025,982
Electronics 0.1%
Tiger Merger Sub Co.,
Non-FILO Term Loan, 1 Month LIBOR + 3.500% 		3.615(c) 06/30/25   748 752,988
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Engineering & Construction 0.0%
Landry’s Finance Acquisition Co.,
2020 Initial Term Loan, 3 Month LIBOR + 12.000%^ 		13.000 %(c) 10/06/23   60  $69,763
Entertainment 0.5%
Playtika Holding Corp.,
Term B Loan, 3 Month LIBOR + 6.000% 		7.000(c) 12/10/24   2,185 2,191,243
Scientific Games International, Inc.,
Initial Term B-5 Loan, 1 Month LIBOR + 2.750% 		2.865(c) 08/14/24   295 290,457
Twin River Worldwide Holdings, Inc.,
Term B-1 Facility Loan, 3 Month LIBOR + 8.000% 		9.000(c) 05/11/26   522 558,288
          3,039,988
Insurance 0.2%
Asurion LLC,          
Replacement B-6 Term Loan, 1 Month LIBOR + 3.000% 3.115(c) 11/03/23   247 246,565
Second Lien Term Loan B-3, 1 Month LIBOR + 5.250% 5.365(c) 01/31/28   1,050 1,079,313
          1,325,878
Media 0.3%
iHeartCommunications, Inc.,          
New Term Loan, 1 Month LIBOR + 3.000% 3.115(c) 05/01/26   1,287 1,275,202
Second Amendment Incremental Term Loan, 1 Month LIBOR + 4.000% 4.750(c) 05/01/26   647 647,558
          1,922,760
Oil & Gas 0.9%
Ascent Resources Utica Holdings LLC,
Second Lien Term Loan, 3 Month LIBOR + 9.000% 		10.000(c) 11/01/25   3,340 3,696,963
Citgo Holding, Inc.,
Term Loan, 3 Month LIBOR + 7.000% 		8.000(c) 08/01/23   568 542,261
Citgo Petroleum Corp.,
2019 Incremental Term B Loan, 3 Month LIBOR + 6.250% 		7.250(c) 03/28/24   784 784,929
          5,024,153
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Pharmaceuticals 0.2%
Milano Acquisition Corp.,
Term B Loan, 3 Month LIBOR + 4.000% 		4.750 %(c) 10/01/27   850  $845,750
Retail 0.2%
Bass Pro Group LLC,
Term Loan 		—(p) 03/31/28   1,225 1,218,875
Software 2.9%
Camelot Co. (Luxembourg),
Amendment No. 2 Incremental Term Loans, 1 Month LIBOR + 3.000% 		4.000(c) 10/30/26   770 771,347
Championx Holding, Inc.,
Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% 		8.250(c) 06/13/25   1,400 1,409,001
Dun & Bradstreet Corp,
Term Loan B, 1 Month LIBOR + 3.250% 		3.365(c) 02/06/26   2,382 2,385,573
Finastra USA, Inc.,
First Lien Dollar Term Loan, 3 Month LIBOR + 3.500% 		4.500(c) 06/13/24   3,793 3,750,245
Greeneden U.S. Holdings II LLC,
B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% 		4.750(c) 12/01/27   500 501,875
Informatica LLC,
Second Lien Initial Loan 		7.125 02/25/25   675 691,313
Rackspace Technology Global, Inc.,
Term B Loan, 3 Month LIBOR + 2.750% 		3.500(c) 02/15/28   775 774,516
TIBCO Software, Inc.,          
Second Lien Term Loan, 1 Month LIBOR + 7.250% 7.370(c) 03/03/28   3,025 3,052,730
Term Loan B-3, 1 Month LIBOR + 3.750% 3.870(c) 06/30/26   3,376 3,368,898
          16,705,498
Telecommunications 2.4%
Digicel International Finance Ltd. (Saint Lucia),
First Lien Initial Term B Loan, 1 - 3 Month LIBOR + 3.250% 		3.510(c) 05/27/24   2,209 2,097,421
Intelsat Jackson Holdings SA (Luxembourg),          
SuperPriority Secured DIP Term Loan, 3 Month LIBOR + 5.500% 6.500(c) 07/14/21   688 696,458
Tranche B-5 Term Loan 8.625 01/02/24   4,795 4,864,926
     
 
West Corp.,
Initial Term B Loan, 1 - 3 Month LIBOR + 4.000% 		5.000(c) 10/10/24   3,457 3,401,649
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Telecommunications (cont’d.)
     
Windstream Services LLC,
Initial Term Loan, 1 Month LIBOR + 6.250% 		7.250 %(c) 09/21/27   719  $719,887
Xplornet Communications, Inc. (Canada),
Initial Term Loan, 1 Month LIBOR + 4.750% 		4.865(c) 06/10/27   1,766 1,774,219
          13,554,560
     
 
Total Bank Loans
(cost $61,325,207) 		62,507,917
Corporate Bonds 117.0%
Advertising 0.8%
Lamar Media Corp.,
Gtd. Notes, 144A 		3.625 01/15/31   300 296,502
National CineMedia LLC,          
Sr. Sec’d. Notes, 144A(aa) 5.875 04/15/28   1,075 990,249
Sr. Unsec’d. Notes(aa) 5.750 08/15/26   1,125 967,667
     
 
Terrier Media Buyer, Inc.,
Gtd. Notes, 144A 		8.875 12/15/27   2,355 2,524,739
          4,779,157
Aerospace & Defense 2.3%
Boeing Co. (The),          
Sr. Unsec’d. Notes(aa) 5.150 05/01/30   2,450 2,854,825
Sr. Unsec’d. Notes 5.805 05/01/50   3,150 4,061,389
     
 
Howmet Aerospace, Inc.,
Sr. Unsec’d. Notes 		6.875 05/01/25   500 580,681
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A 		7.500 04/15/25   1,200 1,269,694
SSL Robotics LLC,
Sr. Sec’d. Notes, 144A 		9.750 12/31/23   1,350 1,512,010
TransDigm, Inc.,          
Gtd. Notes 5.500 11/15/27   2,000 2,053,163
Gtd. Notes, 144A 4.625 01/15/29   800 788,000
          13,119,762
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Agriculture 0.2%
Vector Group Ltd.,          
Gtd. Notes, 144A 10.500 % 11/01/26   525  $566,592
Sr. Sec’d. Notes, 144A 5.750 02/01/29   750 777,606
          1,344,198
Airlines 0.1%
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 01/20/26   575 603,409
Apparel 0.5%
Hanesbrands, Inc.,
Gtd. Notes, 144A 		5.375 05/15/25   500 529,761
William Carter Co. (The),
Gtd. Notes, 144A(aa) 		5.500 05/15/25   1,200 1,268,837
Wolverine World Wide, Inc.,          
Gtd. Notes, 144A 5.000 09/01/26   450 461,283
Gtd. Notes, 144A 6.375 05/15/25   550 587,849
          2,847,730
Auto Manufacturers 2.5%
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 06/01/29   419 456,799
Ford Motor Co.,          
Sr. Unsec’d. Notes 4.750 01/15/43   3,675 3,713,365
Sr. Unsec’d. Notes 5.291 12/08/46   3,300 3,493,960
Sr. Unsec’d. Notes 9.000 04/22/25   1,200 1,451,112
Sr. Unsec’d. Notes 9.625 04/22/30   565 801,260
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 4.000 11/13/30   400 408,931
Sr. Unsec’d. Notes 5.584 03/18/24   310 335,628
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Sr. Unsec’d. Notes, 144A 		7.750 10/15/25   1,000 1,083,084
Navistar International Corp.,          
Gtd. Notes, 144A 6.625 11/01/25   295 306,526
Sr. Sec’d. Notes, 144A(aa) 9.500 05/01/25   775 866,888
     
 
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A 		9.500 10/01/28   1,100 1,202,697
          14,120,250
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Parts & Equipment 2.1%
Adient Global Holdings Ltd.,
Gtd. Notes, 144A 		4.875 % 08/15/26   2,725  $2,760,056
Adient US LLC,
Sr. Sec’d. Notes, 144A 		9.000 04/15/25   275 305,079
American Axle & Manufacturing, Inc.,          
Gtd. Notes(aa)(mm) 6.250 04/01/25   600 618,164
Gtd. Notes(aa) 6.250 03/15/26   686 702,415
Gtd. Notes(aa) 6.500 04/01/27   1,000 1,044,155
Gtd. Notes 6.875 07/01/28   206 218,934
     
 
Cooper-Standard Automotive, Inc.,
Gtd. Notes, 144A 		5.625 11/15/26   1,090 946,731
Dana Financing Luxembourg Sarl,          
Gtd. Notes, 144A 5.750 04/15/25   500 515,500
Gtd. Notes, 144A(aa) 6.500 06/01/26   2,665 2,783,093
Dana, Inc.,          
Sr. Unsec’d. Notes 5.375 11/15/27   200 209,616
Sr. Unsec’d. Notes 5.625 06/15/28   195 207,522
     
 
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 01/15/29   400 448,286
Titan International, Inc.,
Sr. Sec’d. Notes 		6.500 11/30/23   1,000 981,554
          11,741,105
Banks 1.1%
CIT Group, Inc.,
Sub. Notes(aa) 		6.125 03/09/28   1,500 1,872,604
Citigroup, Inc.,
Jr. Sub. Notes 		3.875(ff) 02/18/26(oo)   625 622,215
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 05/01/26   700 748,965
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,875 3,105,435
          6,349,219
Building Materials 2.8%
Cornerstone Building Brands, Inc.,          
Gtd. Notes, 144A 6.125 01/15/29   900 922,313
Gtd. Notes, 144A 8.000 04/15/26   1,675 1,737,790
     
 
Forterra Finance LLC/FRTA Finance Corp.,
Sr. Sec’d. Notes, 144A 		6.500 07/15/25   275 296,628
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Building Materials (cont’d.)
     
Griffon Corp.,
Gtd. Notes 		5.750 % 03/01/28   1,255  $1,317,423
JELD-WEN, Inc.,          
Gtd. Notes, 144A 4.625 12/15/25   701 714,158
Sr. Sec’d. Notes, 144A 6.250 05/15/25   300 321,441
Masonite International Corp.,          
Gtd. Notes, 144A 5.375 02/01/28   205 217,458
Gtd. Notes, 144A(aa) 5.750 09/15/26   775 807,157
     
 
Patrick Industries, Inc.,
Gtd. Notes, 144A 		7.500 10/15/27   975 1,067,793
SRM Escrow Issuer LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,200 1,248,924
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 3.375 01/15/31   625 597,288
Sr. Unsec’d. Notes, 144A(aa) 4.375 07/15/30   875 901,991
Sr. Unsec’d. Notes, 144A(aa) 4.750 01/15/28   1,975 2,055,549
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   370 382,516
Summit Materials LLC/Summit Materials Finance Corp.,          
Gtd. Notes, 144A 5.250 01/15/29   230 244,017
Gtd. Notes, 144A(aa) 6.500 03/15/27   1,400 1,484,991
U.S. Concrete, Inc.,          
Gtd. Notes(aa)(mm) 6.375 06/01/24   1,300 1,332,793
Gtd. Notes, 144A 5.125 03/01/29   450 463,186
          16,113,416
Chemicals 4.5%
Ashland LLC,
Gtd. Notes 		6.875 05/15/43   2,125 2,828,382
Axalta Coating Systems LLC,
Gtd. Notes, 144A 		3.375 02/15/29   550 534,346
Chemours Co. (The),          
Gtd. Notes(aa)(mm) 7.000 05/15/25   1,970 2,030,273
Gtd. Notes, 144A 5.750 11/15/28   1,225 1,254,240
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A 		6.750 08/15/24   2,255 2,125,346
HB Fuller Co.,
Sr. Unsec’d. Notes 		4.250 10/15/28   375 382,816
Hexion, Inc.,
Gtd. Notes, 144A 		7.875 07/15/27   900 961,582
Ingevity Corp.,
Gtd. Notes, 144A 		3.875 11/01/28   400 396,215
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
     
Minerals Technologies, Inc.,
Gtd. Notes, 144A 		5.000 % 07/01/28   435  $453,447
Nouryon Holding BV (Netherlands),
Sr. Unsec’d. Notes, 144A 		8.000 10/01/26   1,505 1,600,661
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		4.875 06/01/24   1,100 1,138,609
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   1,400 1,432,213
TPC Group, Inc.,          
Sr. Sec’d. Notes, 144A 10.500 08/01/24   2,050 1,868,972
Sr. Sec’d. Notes, 144A 10.875 08/01/24   505 502,729
     
 
Tronox Finance PLC,
Gtd. Notes, 144A(aa) 		5.750 10/01/25   940 970,875
Tronox, Inc.,          
Gtd. Notes, 144A 6.500 04/15/26   2,425 2,506,094
Sr. Sec’d. Notes, 144A 6.500 05/01/25   725 775,439
Valvoline, Inc.,          
Gtd. Notes, 144A 4.250 02/15/30   460 475,511
Sr. Unsec’d. Notes, 144A 3.625 06/15/31   425 419,422
Venator Finance Sarl/Venator Materials LLC,          
Gtd. Notes, 144A 5.750 07/15/25   1,225 1,216,012
Sr. Sec’d. Notes, 144A 9.500 07/01/25   625 707,126
W.R. Grace & Co.-Conn.,          
Gtd. Notes, 144A 4.875 06/15/27   600 621,857
Gtd. Notes, 144A 5.625 10/01/24   100 109,310
          25,311,477
Commercial Services 4.8%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A 		5.500 03/01/28   775 771,258
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 07/15/26   430 455,110
Sr. Unsec’d. Notes, 144A 9.750 07/15/27   2,400 2,647,935
AMN Healthcare, Inc.,          
Gtd. Notes, 144A 4.000 04/15/29   775 788,055
Gtd. Notes, 144A 4.625 10/01/27   400 416,616
     
 
Brink’s Co. (The),
Gtd. Notes, 144A(aa) 		5.500 07/15/25   850 900,742
Gartner, Inc.,          
Gtd. Notes, 144A 3.750 10/01/30   350 354,216
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Gartner, Inc., (cont’d.)          
Gtd. Notes, 144A 4.500 % 07/01/28   285   $299,421
     
 
Laureate Education, Inc.,
Gtd. Notes, 144A(aa) 		8.250 05/01/25   4,500 4,724,634
Nielsen Co. Luxembourg Sarl (The),
Gtd. Notes, 144A 		5.500 10/01/21   161 161,404
Nielsen Finance LLC/Nielsen Finance Co.,          
Gtd. Notes, 144A 5.000 04/15/22   270 270,775
Gtd. Notes, 144A 5.625 10/01/28   700 738,553
Gtd. Notes, 144A 5.875 10/01/30   425 459,291
     
 
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.,
Gtd. Notes, 144A 		4.625 11/01/26   205 214,176
United Rentals North America, Inc.,          
Gtd. Notes(aa) 4.000 07/15/30   675 699,844
Gtd. Notes(aa) 4.875 01/15/28   7,025 7,429,451
Gtd. Notes(aa)(mm) 5.250 01/15/30   1,425 1,566,875
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A 		9.750 08/15/26   3,950 4,240,192
          27,138,548
Computers 2.7%
Banff Merger Sub, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		9.750 09/01/26   4,585 4,876,576
Dell International LLC/EMC Corp.,
Gtd. Notes, 144A(aa) 		5.875 06/15/21   1,942 1,944,941
Everi Payments, Inc.,
Gtd. Notes, 144A 		7.500 12/15/25   2,002 2,076,600
NCR Corp.,          
Gtd. Notes, 144A 5.000 10/01/28   550 558,478
Gtd. Notes, 144A 5.250 10/01/30   350 363,449
Gtd. Notes, 144A(aa) 5.750 09/01/27   1,000 1,045,495
Gtd. Notes, 144A 8.125 04/15/25   350 380,914
Tempo Acquisition LLC/Tempo Acquisition Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 5.750 06/01/25   375 398,133
Sr. Unsec’d. Notes, 144A 6.750 06/01/25   3,775 3,872,097
          15,516,683
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Distribution/Wholesale 0.7%
Avient Corp.,
Sr. Unsec’d. Notes, 144A 		5.750 % 05/15/25   375  $397,141
Core & Main Holdings LP,
Sr. Unsec’d. Notes, 144A, Cash coupon 8.625% or PIK 9.375% 		8.625 09/15/24   1,400 1,428,196
H&E Equipment Services, Inc.,
Gtd. Notes, 144A 		3.875 12/15/28   1,800 1,732,215
Performance Food Group, Inc.,
Gtd. Notes, 144A 		5.500 10/15/27   125 131,442
          3,688,994
Diversified Financial Services 3.8%
Alliance Data Systems Corp.,
Gtd. Notes, 144A 		4.750 12/15/24   1,075 1,101,391
Antares Holdings LP (Canada),
Sr. Unsec’d. Notes, 144A 		3.950 07/15/26   350 356,510
Fairstone Financial, Inc. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		7.875 07/15/24   720 758,821
goeasy Ltd. (Canada),
Gtd. Notes, 144A 		5.375 12/01/24   100 103,859
Home Point Capital, Inc.,
Gtd. Notes, 144A 		5.000 02/01/26   700 696,664
LPL Holdings, Inc.,
Gtd. Notes, 144A(aa) 		5.750 09/15/25   1,280 1,317,800
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 12/15/30   1,275 1,301,228
Gtd. Notes, 144A 5.500 08/15/28   2,645 2,728,280
Gtd. Notes, 144A(aa) 6.000 01/15/27   1,850 1,949,537
     
 
Navient Corp.,
Sr. Unsec’d. Notes 		6.625 07/26/21   150 152,314
OneMain Finance Corp.,          
Gtd. Notes 4.000 09/15/30   500 484,585
Gtd. Notes 6.625 01/15/28   500 568,091
Gtd. Notes(aa) 6.875 03/15/25   350 394,547
Gtd. Notes(aa) 7.125 03/15/26   5,898 6,820,628
PennyMac Financial Services, Inc.,          
Gtd. Notes, 144A 4.250 02/15/29   575 568,586
Gtd. Notes, 144A 5.375 10/15/25   800 840,408
     
 
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
     
PHH Mortgage Corp.,
Sr. Sec’d. Notes, 144A 		7.875 % 03/15/26   400  $407,000
Quicken Loans LLC/Quicken Loans Co-Issuer, Inc.,
Gtd. Notes, 144A 		3.875 03/01/31   900 893,427
          21,443,676
Electric 4.6%
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   1,100 1,084,861
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   1,975 1,953,823
Sr. Unsec’d. Notes, 144A(aa) 5.125 03/15/28   5,950 6,001,040
Keystone Power Pass-Through Holders LLC/Conemaugh
Power Pass-Through Holders, 		         
Gtd. Notes, 144A 9.000 12/01/23   86 80,571
Sub. Notes, 144A, Cash coupon 13.000% or PIK 13.000% 13.000 06/01/24   314 251,065
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,825 2,998,949
Gtd. Notes 7.250 05/15/26   75 77,997
Gtd. Notes, 144A 3.375 02/15/29   200 196,979
Gtd. Notes, 144A 3.625 02/15/31   600 590,963
Gtd. Notes, 144A 5.250 06/15/29   400 423,689
PG&E Corp.,          
Sr. Sec’d. Notes(aa) 5.000 07/01/28   1,625 1,708,607
Sr. Sec’d. Notes(aa) 5.250 07/01/30   2,135 2,284,086
Vistra Operations Co. LLC,          
Gtd. Notes, 144A(aa) 5.000 07/31/27   1,100 1,146,759
Gtd. Notes, 144A(aa) 5.625 02/15/27   6,700 7,000,388
          25,799,777
Electrical Components & Equipment 0.4%
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 06/15/25   650 703,673
Gtd. Notes, 144A(aa) 7.250 06/15/28   1,130 1,255,045
          1,958,718
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electronics 0.2%
Brightstar Escrow Corp.,
Sr. Sec’d. Notes, 144A 		9.750 % 10/15/25   575  $614,670
Sensata Technologies, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   260 260,975
          875,645
Energy-Alternate Sources 0.1%
Enviva Partners LP/Enviva Partners Finance Corp.,
Gtd. Notes, 144A(aa) 		6.500 01/15/26   600 628,023
Engineering & Construction 1.1%
AECOM,          
Gtd. Notes(aa) 5.125 03/15/27   1,940 2,124,224
Gtd. Notes 5.875 10/15/24   675 747,251
     
 
PowerTeam Services LLC,
Sr. Sec’d. Notes, 144A 		9.033 12/04/25   700 778,937
TopBuild Corp.,          
Gtd. Notes, 144A 5.625 05/01/26   1,931 1,997,997
Sr. Unsec’d. Notes, 144A 3.625 03/15/29   500 501,779
          6,150,188
Entertainment 5.8%
AMC Entertainment Holdings, Inc.,
Sec’d. Notes, 144A, Cash coupon 10.000% / PIK 12.000% or Cash coupon 5.000% and PIK 6.000% 		12.000 06/15/26   1,162 900,270
Bally’s Corp.,
Gtd. Notes, 144A 		6.750 06/01/27   1,770 1,887,509
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   1,410 1,494,194
Sr. Unsec’d. Notes, 144A 8.125 07/01/27   545 594,000
     
 
Caesars Resort Collection LLC/CRC Finco, Inc.,
Gtd. Notes, 144A 		5.250 10/15/25   3,425 3,403,301
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   275 291,564
Cedar Fair LP,
Gtd. Notes 		5.250 07/15/29   600 606,243
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op,
Gtd. Notes, 144A 		6.500 10/01/28   675 716,185
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
     
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A 		7.625 % 04/15/26   2,275  $2,416,735
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 5.250 01/15/29   600 635,395
Sr. Sec’d. Notes, 144A 6.500 02/15/25   2,110 2,332,036
     
 
Jacobs Entertainment, Inc.,
Sec’d. Notes, 144A 		7.875 02/01/24   2,500 2,601,265
Merlin Entertainments Ltd. (United Kingdom),
Sec’d. Notes, 144A 		5.750 06/15/26   200 211,142
Mohegan Gaming & Entertainment,
Sec’d. Notes, 144A 		8.000 02/01/26   600 593,226
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A 		6.625 11/15/27   1,200 1,235,212
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance Inc.,
Sr. Unsec’d. Notes, 144A 		8.500 11/15/27   1,000 1,075,270
Penn National Gaming, Inc.,
Sr. Unsec’d. Notes, 144A 		5.625 01/15/27   2,630 2,745,732
Scientific Games International, Inc.,          
Gtd. Notes, 144A 7.000 05/15/28   200 211,927
Gtd. Notes, 144A(aa) 7.250 11/15/29   992 1,077,809
Gtd. Notes, 144A 8.250 03/15/26   3,225 3,415,746
Gtd. Notes, 144A 8.625 07/01/25   1,375 1,480,213
Six Flags Entertainment Corp.,          
Gtd. Notes, 144A 4.875 07/31/24   1,212 1,214,459
Gtd. Notes, 144A 5.500 04/15/27   525 536,081
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,          
Gtd. Notes, 144A(aa) 5.125 10/01/29   860 905,352
Sr. Unsec’d. Notes, 144A 7.750 04/15/25   275 298,190
          32,879,056
Foods 4.0%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s
LP/Albertson’s LLC, 		         
Gtd. Notes, 144A(aa) 3.500 03/15/29   1,550 1,488,214
Gtd. Notes, 144A 4.625 01/15/27   425 440,052
Gtd. Notes, 144A(aa) 4.875 02/15/30   600 621,261
     
 
B&G Foods, Inc.,
Gtd. Notes 		5.250 09/15/27   1,200 1,257,394
C&S Group Enterprises LLC,
Gtd. Notes, 144A 		5.000 12/15/28   875 864,465
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods (cont’d.)
Chobani LLC/Chobani Finance Corp., Inc.,          
Gtd. Notes, 144A 7.500 % 04/15/25   225  $234,261
Sr. Sec’d. Notes, 144A 4.625 11/15/28   125 129,022
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes, 144A(aa) 6.500 04/15/29   1,025 1,153,033
Sr. Unsec’d. Notes, 144A(aa) 5.500 01/15/30   1,950 2,182,234
Kraft Heinz Foods Co.,          
Gtd. Notes 4.375 06/01/46   1,550 1,673,914
Gtd. Notes 4.875 10/01/49   1,075 1,258,018
Gtd. Notes 5.000 07/15/35   325 390,364
Gtd. Notes 5.000 06/04/42   450 526,209
Gtd. Notes 5.200 07/15/45   300 358,989
Gtd. Notes 5.500 06/01/50   1,050 1,332,256
Pilgrim’s Pride Corp.,          
Gtd. Notes, 144A 5.750 03/15/25   50 51,022
Gtd. Notes, 144A(aa) 5.875 09/30/27   4,800 5,147,495
Post Holdings, Inc.,          
Gtd. Notes, 144A 4.625 04/15/30   1,375 1,396,007
Gtd. Notes, 144A 5.625 01/15/28   111 116,591
Gtd. Notes, 144A 5.750 03/01/27   1,350 1,413,777
     
 
SEG Holding LLC/SEG Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.625 10/15/28   25 26,597
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed,
Sec’d. Notes, 144A 		4.625 03/01/29   325 329,153
U.S. Foods, Inc.,
Sr. Unsec’d. Notes, 144A 		4.750 02/15/29   425 431,005
          22,821,333
Gas 0.9%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes(aa) 5.500 05/20/25   600 656,858
Sr. Unsec’d. Notes(aa) 5.625 05/20/24   225 248,995
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   3,250 3,659,953
Sr. Unsec’d. Notes(aa) 5.875 08/20/26   675 762,257
          5,328,063
Healthcare-Services 6.6%
Acadia Healthcare Co., Inc.,
Gtd. Notes 		6.500 03/01/24   150 152,438
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
Catalent Pharma Solutions, Inc.,
Gtd. Notes, 144A 		3.125 % 02/15/29   325  $321,113
Centene Corp.,
Sr. Unsec’d. Notes(aa) 		4.250 12/15/27   1,050 1,093,192
CHS/Community Health Systems, Inc.,
Sec’d. Notes, 144A 		6.875 04/15/29   425 435,987
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,325 1,263,700
Gtd. Notes, 144A(aa) 4.625 06/01/30   2,575 2,617,896
Encompass Health Corp.,          
Gtd. Notes 4.625 04/01/31   225 239,051
Gtd. Notes(aa) 4.750 02/01/30   540 571,851
HCA, Inc.,          
Gtd. Notes(aa) 5.625 09/01/28   3,700 4,301,443
Sr. Sec’d. Notes(aa) 4.750 05/01/23   4,700 5,095,837
     
 
MEDNAX, Inc.,
Gtd. Notes, 144A(aa) 		6.250 01/15/27   1,355 1,431,180
Molina Healthcare, Inc.,
Sr. Unsec’d. Notes(aa) 		5.375 11/15/22   1,610 1,700,179
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A 		7.250 11/01/25   650 698,134
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A 		9.750 12/01/26   4,300 4,633,650
Surgery Center Holdings, Inc.,
Gtd. Notes, 144A 		10.000 04/15/27   1,195 1,329,444
Tenet Healthcare Corp.,          
Gtd. Notes, 144A 6.125 10/01/28   2,775 2,920,529
Sec’d. Notes 5.125 05/01/25   300 303,154
Sec’d. Notes, 144A 6.250 02/01/27   1,350 1,424,925
Sr. Sec’d. Notes, 144A(aa) 4.875 01/01/26   1,118 1,157,608
Sr. Unsec’d. Notes 6.750 06/15/23   3,475 3,750,601
Sr. Unsec’d. Notes 6.875 11/15/31   1,250 1,370,030
Sr. Unsec’d. Notes 7.000 08/01/25   800 829,090
          37,641,032
Home Builders 5.8%
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A 		9.875 04/01/27   2,608 2,953,082
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,350 1,410,713
Gtd. Notes 7.250 10/15/29   2,675 2,977,371
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
Brookfield Residential Properties, Inc./Brookfield
Residential US Corp. (Canada), 		         
Gtd. Notes, 144A 4.875 % 02/15/30   1,875  $1,897,626
Gtd. Notes, 144A(aa) 6.250 09/15/27   815 859,851
Gtd. Notes, 144A 6.375 05/15/25   300 307,401
     
 
Century Communities, Inc.,
Gtd. Notes 		6.750 06/01/27   1,725 1,849,201
Forestar Group, Inc.,          
Gtd. Notes, 144A(aa) 5.000 03/01/28   650 680,219
Gtd. Notes, 144A 8.000 04/15/24   1,025 1,072,019
KB Home,          
Gtd. Notes 4.800 11/15/29   425 457,169
Gtd. Notes(aa) 6.875 06/15/27   1,800 2,119,332
     
 
Lennar Corp.,
Gtd. Notes(aa) 		5.000 06/15/27   1,250 1,455,572
M/I Homes, Inc.,          
Gtd. Notes 4.950 02/01/28   425 445,980
Gtd. Notes(aa) 5.625 08/01/25   1,000 1,037,767
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.625 03/01/30   900 934,978
Sr. Unsec’d. Notes, 144A(aa) 5.250 12/15/27   1,075 1,131,030
     
 
Meritage Homes Corp.,
Gtd. Notes(aa) 		5.125 06/06/27   2,748 3,071,704
New Home Co., Inc. (The),
Gtd. Notes, 144A 		7.250 10/15/25   350 359,579
PulteGroup, Inc.,
Gtd. Notes 		5.000 01/15/27   250 292,422
Shea Homes LP/Shea Homes Funding Corp.,          
Sr. Unsec’d. Notes, 144A 4.750 02/15/28   250 258,587
Sr. Unsec’d. Notes, 144A 4.750 04/01/29   225 231,151
     
 
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A 		7.500 02/15/26   425 443,591
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.875 06/15/27   400 449,368
Gtd. Notes, 144A(aa) 6.625 07/15/27   2,800 3,025,381
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   455 488,752
     
 
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
     
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,
Gtd. Notes, 144A(aa) 		5.625 % 03/01/24   1,873  $2,026,789
Tri Pointe Homes, Inc.,
Gtd. Notes 		5.700 06/15/28   315 350,374
          32,587,009
Household Products/Wares 0.3%
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. (Canada),
Sr. Sec’d. Notes, 144A 		5.000 12/31/26   175 180,149
Prestige Brands, Inc.,
Gtd. Notes, 144A 		3.750 04/01/31   425 415,620
Spectrum Brands, Inc.,          
Gtd. Notes 5.750 07/15/25   575 592,250
Gtd. Notes, 144A 5.000 10/01/29   250 266,291
          1,454,310
Housewares 0.2%
Scotts Miracle-Gro Co. (The),
Gtd. Notes 		4.500 10/15/29   1,125 1,192,060
Internet 0.3%
Cablevision Lightpath LLC,          
Sr. Sec’d. Notes, 144A 3.875 09/15/27   425 423,528
Sr. Unsec’d. Notes, 144A 5.625 09/15/28   625 635,735
     
 
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,
Gtd. Notes, 144A 		3.500 03/01/29   525 521,713
          1,580,976
Iron/Steel 0.6%
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A 		6.625 01/31/29   2,245 2,423,489
United States Steel Corp.,
Sr. Unsec’d. Notes 		6.875 03/01/29   1,200 1,177,510
          3,600,999
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Leisure Time 0.7%
Carnival Corp.,          
Sr. Unsec’d. Notes, 144A 5.750 % 03/01/27   550  $558,311
Sr. Unsec’d. Notes, 144A 7.625 03/01/26   25 26,276
NCL Corp. Ltd.,          
Sr. Sec’d. Notes, 144A 10.250 02/01/26   980 1,141,837
Sr. Sec’d. Notes, 144A 12.250 05/15/24   135 160,397
Sr. Unsec’d. Notes, 144A 3.625 12/15/24   575 531,609
     
 
Royal Caribbean Cruises Ltd.,
Sr. Unsec’d. Notes 		5.250 11/15/22   150 152,691
Viking Cruises Ltd.,
Sr. Unsec’d. Notes, 144A 		7.000 02/15/29   350 355,147
Viking Ocean Cruises Ship VII Ltd.,
Sr. Sec’d. Notes, 144A 		5.625 02/15/29   200 202,069
Vista Outdoor, Inc.,
Gtd. Notes, 144A 		4.500 03/15/29   675 669,551
          3,797,888
Lodging 2.7%
Boyd Gaming Corp.,          
Gtd. Notes 6.000 08/15/26   630 652,032
Gtd. Notes 6.375 04/01/26   700 722,717
Gtd. Notes, 144A 8.625 06/01/25   500 551,197
     
 
Full House Resorts, Inc.,
Sr. Sec’d. Notes, 144A 		8.250 02/15/28   325 344,492
Genting New York LLC/GENNY Capital, Inc.,
Sr. Unsec’d. Notes, 144A 		3.300 02/15/26   250 250,772
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes 4.875 01/15/30   400 430,904
Gtd. Notes, 144A 3.625 02/15/32   850 837,265
Gtd. Notes, 144A 4.000 05/01/31   1,025 1,037,324
Gtd. Notes, 144A 5.375 05/01/25   300 315,365
Gtd. Notes, 144A 5.750 05/01/28   325 352,069
     
 
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.,
Gtd. Notes 		4.875 04/01/27   625 650,000
Marriott International, Inc.,          
Sr. Unsec’d. Notes 2.875 03/01/21   250 250,000
Sr. Unsec’d. Notes, Series EE 5.750 05/01/25   300 346,451
MGM Resorts International,          
Gtd. Notes 4.625 09/01/26   375 394,140
Gtd. Notes(aa) 4.750 10/15/28   1,475 1,538,679
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Lodging (cont’d.)
MGM Resorts International, (cont’d.)          
Gtd. Notes(aa) 5.500 % 04/15/27   1,061  $1,150,769
Gtd. Notes(aa)(mm) 6.750 05/01/25   2,325 2,486,783
     
 
Station Casinos LLC,
Gtd. Notes, 144A 		4.500 02/15/28   700 697,314
Travel + Leisure Co.,
Sr. Sec’d. Notes, 144A 		4.625 03/01/30   575 596,656
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.125 12/15/29   1,000 1,018,952
Sr. Unsec’d. Notes, 144A 5.500 01/15/26   800 835,033
          15,458,914
Machinery-Diversified 0.6%
ATS Automation Tooling Systems, Inc. (Canada),
Sr. Unsec’d. Notes, 144A 		4.125 12/15/28   175 176,924
GrafTech Finance, Inc.,
Sr. Sec’d. Notes, 144A 		4.625 12/15/28   200 203,977
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A 		10.125 08/01/24   2,475 2,598,765
Vertical US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A 		5.250 07/15/27   625 651,606
          3,631,272
Media 8.7%
Beasley Mezzanine Holdings LLC,
Sr. Sec’d. Notes, 144A 		8.625 02/01/26   355 359,239
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A 4.250 02/01/31   4,050 4,085,600
Sr. Unsec’d. Notes, 144A 4.500 05/01/32   2,425 2,491,567
Sr. Unsec’d. Notes, 144A(aa) 4.750 03/01/30   2,300 2,398,406
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   1,000 1,046,675
Sr. Unsec’d. Notes, 144A(aa) 5.375 06/01/29   3,150 3,393,473
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   500 517,089
Clear Channel Worldwide Holdings, Inc.,          
Gtd. Notes(aa) 9.250 02/15/24   3,666 3,834,956
Sr. Sec’d. Notes, 144A 5.125 08/15/27   400 406,608
CSC Holdings LLC,          
Gtd. Notes, 144A 3.375 02/15/31   1,175 1,127,599
Gtd. Notes, 144A(aa) 4.125 12/01/30   775 778,190
Sr. Unsec’d. Notes, 144A(aa) 4.625 12/01/30   4,875 4,858,967
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A 6.625 % 08/15/27   5,755  $2,964,871
Sr. Sec’d. Notes, 144A(aa) 5.375 08/15/26   2,145 1,517,459
DISH DBS Corp.,          
Gtd. Notes 7.375 07/01/28   740 775,635
Gtd. Notes(aa) 7.750 07/01/26   4,310 4,736,383
Gray Television, Inc.,          
Gtd. Notes, 144A 4.750 10/15/30   450 449,991
Gtd. Notes, 144A 7.000 05/15/27   1,625 1,775,475
iHeartCommunications, Inc.,          
Gtd. Notes 8.375 05/01/27   50 52,993
Sr. Sec’d. Notes 6.375 05/01/26   200 211,579
     
 
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 08/15/27   550 580,466
Nexstar Broadcasting, Inc.,          
Gtd. Notes, 144A 5.625 07/15/27   500 528,042
Sr. Unsec’d. Notes, 144A 4.750 11/01/28   775 791,253
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 09/15/26   610 620,944
Sr. Unsec’d. Notes, 144A 6.500 09/15/28   1,000 1,050,047
Scripps Escrow II, Inc.,          
Sr. Sec’d. Notes, 144A 3.875 01/15/29   350 343,809
Sr. Unsec’d. Notes, 144A 5.375 01/15/31   300 304,675
     
 
Scripps Escrow, Inc.,
Gtd. Notes, 144A(aa)(mm) 		5.875 07/15/27   1,190 1,238,630
Sinclair Television Group, Inc.,
Gtd. Notes, 144A 		5.875 03/15/26   1,200 1,227,063
Townsquare Media, Inc.,
Sr. Sec’d. Notes, 144A 		6.875 02/01/26   225 235,425
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A(aa) 5.125 02/15/25   800 800,873
Sr. Sec’d. Notes, 144A 6.625 06/01/27   3,460 3,633,546
     
 
Urban One, Inc.,
Sr. Sec’d. Notes, 144A 		7.375 02/01/28   275 276,970
          49,414,498
Mining 3.1%
Eldorado Gold Corp. (Turkey),
Sec’d. Notes, 144A(aa) 		9.500 06/01/24   1,366 1,522,376
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mining (cont’d.)
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.875 % 03/01/26   300  $313,488
Gtd. Notes, 144A 6.875 10/15/27   700 759,241
Gtd. Notes, 144A 7.250 04/01/23   2,100 2,142,252
Gtd. Notes, 144A 7.500 04/01/25   2,305 2,386,555
     
 
Freeport-McMoRan, Inc.,
Gtd. Notes(aa) 		4.375 08/01/28   1,075 1,145,562
Hecla Mining Co.,
Gtd. Notes(aa) 		7.250 02/15/28   1,075 1,165,600
Hudbay Minerals, Inc. (Peru),          
Gtd. Notes, 144A 4.500 04/01/26   400 405,392
Gtd. Notes, 144A 6.125 04/01/29   500 538,786
Gtd. Notes, 144A 7.625 01/15/25   2,575 2,682,254
     
 
IAMGOLD Corp. (Burkina Faso),
Gtd. Notes, 144A 		5.750 10/15/28   875 903,729
New Gold, Inc. (Canada),          
Gtd. Notes, 144A(aa) 6.375 05/15/25   455 469,604
Sr. Unsec’d. Notes, 144A 7.500 07/15/27   1,280 1,347,870
Novelis Corp.,          
Gtd. Notes, 144A 4.750 01/30/30   925 964,168
Gtd. Notes, 144A 5.875 09/30/26   550 573,682
          17,320,559
Miscellaneous Manufacturing 2.6%
Amsted Industries, Inc.,          
Gtd. Notes, 144A(aa) 5.625 07/01/27   575 609,622
Sr. Unsec’d. Notes, 144A(aa) 4.625 05/15/30   785 820,410
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 7.500 12/01/24   1,975 1,854,221
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   550 503,002
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   3,605 3,238,009
Sr. Unsec’d. Notes, 144A 8.750 12/01/21   6,900 7,167,296
     
 
FXI Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 11/01/24   222 225,953
          14,418,513
Office/Business Equipment 0.1%
CDW LLC/CDW Finance Corp.,
Gtd. Notes 		3.250 02/15/29   710 698,879
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas 10.3%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A 		8.250 % 02/15/26   975  $1,013,979
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes 		7.875 12/15/24(d)   5,325 3,515
Antero Resources Corp.,          
Gtd. Notes 5.000 03/01/25   1,900 1,888,336
Gtd. Notes(aa) 5.625 06/01/23   925 926,460
Gtd. Notes, 144A 7.625 02/01/29   1,175 1,252,195
Gtd. Notes, 144A 8.375 07/15/26   250 274,134
Apache Corp.,          
Sr. Unsec’d. Notes 4.375 10/15/28   450 462,213
Sr. Unsec’d. Notes 4.750 04/15/43   575 561,558
Sr. Unsec’d. Notes 5.100 09/01/40   1,250 1,284,711
Sr. Unsec’d. Notes 5.250 02/01/42   75 78,184
Sr. Unsec’d. Notes 5.350 07/01/49   115 114,545
Sr. Unsec’d. Notes 7.750 12/15/29   100 116,683
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Gtd. Notes, 144A 9.000 11/01/27   752 963,191
Sr. Unsec’d. Notes, 144A 7.000 11/01/26   25 25,135
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   375 390,824
Gtd. Notes, 144A 5.875 02/01/29   400 426,971
     
 
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A 		9.250 08/01/24   2,403 2,365,096
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A 		7.000 06/15/25   1,175 1,208,869
CNX Resources Corp.,
Gtd. Notes, 144A(aa) 		7.250 03/14/27   1,875 2,008,046
Comstock Resources, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 03/01/29   700 725,926
Continental Resources, Inc.,          
Gtd. Notes 4.900 06/01/44   375 374,803
Gtd. Notes, 144A 5.750 01/15/31   300 338,191
     
 
CrownRock LP/CrownRock Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		5.625 10/15/25   575 581,057
Double Eagle III Midco 1 LLC/Double Eagle Finance Corp.,
Sr. Unsec’d. Notes, 144A 		7.750 12/15/25   1,925 2,063,782
Endeavor Energy Resources LP/EER Finance, Inc.,          
Sr. Unsec’d. Notes, 144A(aa) 5.500 01/30/26   1,925 1,966,428
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Endeavor Energy Resources LP/EER Finance, Inc., (cont’d.)          
Sr. Unsec’d. Notes, 144A(aa) 5.750 % 01/30/28   975  $1,031,145
Sr. Unsec’d. Notes, 144A 6.625 07/15/25   300 315,010
EQT Corp.,          
Sr. Unsec’d. Notes(aa) 3.900 10/01/27   1,475 1,530,028
Sr. Unsec’d. Notes 5.000 01/15/29   275 301,961
Sr. Unsec’d. Notes 8.500 02/01/30   250 326,808
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 10/01/25   1,075 1,096,626
Sr. Unsec’d. Notes, 144A 5.750 02/01/29   275 280,434
Sr. Unsec’d. Notes, 144A 6.000 02/01/31   275 279,627
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,658 1,731,914
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A 5.875 02/01/29   575 583,890
Gtd. Notes, 144A 7.125 02/01/27   1,802 1,891,574
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 01/15/26   425 377,479
Gtd. Notes, 144A 7.500 01/15/28   775 668,934
     
 
Nabors Industries, Inc.,
Gtd. Notes 		5.750 02/01/25   4,325 3,443,159
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 2.700 02/15/23   825 806,371
Sr. Unsec’d. Notes(aa) 2.900 08/15/24   1,375 1,337,905
Sr. Unsec’d. Notes 3.200 08/15/26   25 23,913
Sr. Unsec’d. Notes 3.450 07/15/24   1,175 1,174,792
Sr. Unsec’d. Notes 4.500 07/15/44   150 134,251
Sr. Unsec’d. Notes 5.550 03/15/26   75 79,968
Sr. Unsec’d. Notes 5.875 09/01/25   125 135,596
Sr. Unsec’d. Notes 6.125 01/01/31   525 581,897
Sr. Unsec’d. Notes 6.450 09/15/36   1,000 1,141,549
Sr. Unsec’d. Notes 6.625 09/01/30   475 543,512
Sr. Unsec’d. Notes 8.875 07/15/30   125 159,865
Ovintiv, Inc.,          
Gtd. Notes 6.500 08/15/34   800 988,279
Gtd. Notes 6.500 02/01/38   450 547,111
Gtd. Notes 6.625 08/15/37   200 244,678
     
 
PBF Holding Co. LLC/PBF Finance Corp.,
Sr. Sec’d. Notes, 144A(aa) 		9.250 05/15/25   695 677,630
Precision Drilling Corp. (Canada),
Gtd. Notes, 144A 		7.125 01/15/26   2,560 2,481,116
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   475 469,826
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Range Resources Corp., (cont’d.)          
Gtd. Notes 5.000 % 03/15/23   1,523  $1,531,156
Gtd. Notes 9.250 02/01/26   1,325 1,442,279
Sunoco LP/Sunoco Finance Corp.,          
Gtd. Notes 6.000 04/15/27   775 805,820
Gtd. Notes, 144A 4.500 05/15/29   600 599,990
Transocean, Inc.,          
Gtd. Notes, 144A 7.250 11/01/25   1,820 1,219,334
Gtd. Notes, 144A 7.500 01/15/26   3,250 2,135,075
Gtd. Notes, 144A 8.000 02/01/27   850 536,042
WPX Energy, Inc.,          
Sr. Unsec’d. Notes(aa) 5.250 09/15/24   1,825 2,033,782
Sr. Unsec’d. Notes(aa) 5.250 10/15/27   1,225 1,310,909
          58,416,067
Packaging & Containers 1.1%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% 		6.500 06/30/27   1,275 1,348,390
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC,
Sr. Unsec’d. Notes, 144A 		4.000 09/01/29   625 625,000
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc., 		         
Sr. Sec’d. Notes, 144A 4.125 08/15/26   475 491,339
Sr. Unsec’d. Notes, 144A 5.250 08/15/27   1,075 1,113,475
     
 
Graham Packaging Co., Inc.,
Gtd. Notes, 144A 		7.125 08/15/28   235 254,281
Intelligent Packaging Holdco Issuer LP (Canada),
Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% 		9.000 01/15/26   275 278,494
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A 		6.000 09/15/28   175 182,839
Owens-Brockway Glass Container, Inc.,          
Gtd. Notes, 144A 6.375 08/15/25   500 558,561
Gtd. Notes, 144A(aa) 6.625 05/13/27   975 1,052,417
     
 
TriMas Corp.,
Gtd. Notes, 144A 		4.875 10/15/25   365 372,388
          6,277,184
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pharmaceuticals 2.7%
AdaptHealth LLC,          
Gtd. Notes, 144A 4.625 % 08/01/29   525  $525,354
Gtd. Notes, 144A 6.125 08/01/28   670 711,617
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A 		8.500 01/31/27   1,500 1,662,241
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   1,000 1,020,267
Gtd. Notes, 144A 5.000 02/15/29   450 456,776
Gtd. Notes, 144A(aa) 5.250 01/30/30   750 762,001
Gtd. Notes, 144A 5.250 02/15/31   1,275 1,294,585
Gtd. Notes, 144A 6.125 04/15/25   4,600 4,709,045
Gtd. Notes, 144A 6.250 02/15/29   2,110 2,248,667
Gtd. Notes, 144A(aa) 7.000 01/15/28   825 891,685
     
 
Cheplapharm Arzneimittel GmbH (Germany),
Sr. Sec’d. Notes, 144A 		5.500 01/15/28   250 255,227
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   775 827,805
          15,365,270
Pipelines 5.4%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes(aa) 5.375 09/15/24   530 535,833
Gtd. Notes, 144A 5.750 01/15/28   2,425 2,442,802
     
 
Blue Racer Midstream LLC/Blue Racer Finance Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 12/15/25   275 295,812
Cheniere Energy Partners LP,
Sr. Unsec’d. Notes, 144A 		4.000 03/01/31   1,175 1,181,790
Cheniere Energy, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		4.625 10/15/28   3,250 3,378,834
DCP Midstream Operating LP,          
Gtd. Notes(aa) 5.125 05/15/29   1,375 1,456,643
Gtd. Notes 5.625 07/15/27   510 551,959
     
 
Energy Transfer Operating LP,
Jr. Sub. Notes, Series G(aa) 		7.125(ff) 05/15/30(oo)   1,075 1,039,373
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes 4.750 07/15/23   85 87,639
Sr. Unsec’d. Notes 5.500 07/15/28   50 51,738
Sr. Unsec’d. Notes, 144A(aa) 6.000 07/01/25   955 1,008,989
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,275 1,368,422
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.875 % 01/15/29   375  $405,656
Gtd. Notes(aa) 7.000 08/01/27   750 795,258
     
 
Hess Midstream Operations LP,
Gtd. Notes, 144A 		5.625 02/15/26   100 103,523
NGPL PipeCo LLC,          
Sr. Unsec’d. Notes, 144A 4.875 08/15/27   25 28,477
Sr. Unsec’d. Notes, 144A 7.768 12/15/37   1,000 1,334,417
     
 
Rattler Midstream LP,
Gtd. Notes, 144A 		5.625 07/15/25   335 349,693
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A 		6.875 04/15/40   2,750 3,046,703
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp., 		         
Gtd. Notes, 144A 5.500 09/15/24   51 51,263
Gtd. Notes, 144A(aa) 5.500 01/15/28   2,954 2,956,915
Gtd. Notes, 144A 6.000 12/31/30   425 423,876
Gtd. Notes, 144A 7.500 10/01/25   200 213,195
Targa Resources Partners LP/Targa Resources Partners
Finance Corp., 		         
Gtd. Notes 5.000 01/15/28   200 208,139
Gtd. Notes(aa) 5.375 02/01/27   1,575 1,634,911
Gtd. Notes 5.500 03/01/30   150 160,342
Gtd. Notes(aa) 6.500 07/15/27   1,000 1,077,817
Gtd. Notes, 144A 4.000 01/15/32   600 588,250
Gtd. Notes, 144A 4.875 02/01/31   250 256,269
Western Midstream Operating LP,          
Sr. Unsec’d. Notes 3.950 06/01/25   600 608,735
Sr. Unsec’d. Notes 4.000 07/01/22   250 255,307
Sr. Unsec’d. Notes 4.350 02/01/25   75 76,780
Sr. Unsec’d. Notes(aa) 5.300 02/01/30   2,375 2,571,678
Sr. Unsec’d. Notes 5.450 04/01/44   50 53,366
Sr. Unsec’d. Notes 5.500 08/15/48   75 77,077
          30,677,481
Real Estate 1.5%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A 		7.875 11/15/25   2,200 2,320,906
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A 		5.750 12/01/25   2,000 2,060,649
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate (cont’d.)
Howard Hughes Corp. (The),          
Gtd. Notes, 144A 4.125 % 02/01/29   425  $421,844
Gtd. Notes, 144A 4.375 02/01/31   675 673,333
Gtd. Notes, 144A 5.375 08/01/28   340 357,481
     
 
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A(aa) 		6.250 02/15/26   2,225 2,282,858
Realogy Group LLC/Realogy Co-Issuer Corp.,
Gtd. Notes, 144A 		5.750 01/15/29   200 200,659
          8,317,730
Real Estate Investment Trusts (REITs) 3.8%
Diversified Healthcare Trust,          
Gtd. Notes(aa) 9.750 06/15/25   2,150 2,420,526
Sr. Unsec’d. Notes 4.750 02/15/28   1,125 1,113,480
ESH Hospitality, Inc.,          
Gtd. Notes, 144A 4.625 10/01/27   550 558,403
Gtd. Notes, 144A(aa) 5.250 05/01/25   1,600 1,630,259
     
 
Global Net Lease, Inc./Global Net Lease Operating Partnership LP,
Gtd. Notes, 144A 		3.750 12/15/27   375 373,816
GLP Capital LP/GLP Financing II, Inc.,          
Gtd. Notes 4.000 01/15/30   325 346,490
Gtd. Notes 5.375 04/15/26   475 545,350
     
 
Host Hotels & Resorts LP,
Sr. Unsec’d. Notes, Series H(aa) 		3.375 12/15/29   1,000 1,005,994
MGM Growth Properties Operating Partnership LP/MGP
Finance Co-Issuer, Inc., 		         
Gtd. Notes(aa) 4.500 01/15/28   2,000 2,115,272
Gtd. Notes, 144A 4.625 06/15/25   245 259,652
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 3.500 03/15/31   150 152,740
Gtd. Notes(aa) 5.000 10/15/27   2,325 2,466,856
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer, 		         
Sr. Sec’d. Notes, 144A(aa) 5.875 10/01/28   1,375 1,449,373
Sr. Sec’d. Notes, 144A(aa)(mm) 7.500 06/01/25   1,940 2,102,915
     
 
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A 		4.500 02/15/29   325 320,979
SBA Communications Corp.,
Sr. Unsec’d. Notes, 144A 		3.125 02/01/29   500 485,951
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) (cont’d.)
     
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC,
Sr. Sec’d. Notes, 144A 		7.875 % 02/15/25   1,605  $1,719,709
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A(aa) 4.250 12/01/26   1,235 1,273,641
Gtd. Notes, 144A(aa) 4.625 12/01/29   1,000 1,048,982
          21,390,388
Retail 4.0%
1011778 BC ULC/New Red Finance, Inc. (Canada),
Sec’d. Notes, 144A 		4.000 10/15/30   3,075 2,998,619
BCPE Ulysses Intermediate, Inc.,
Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% 		7.750 04/01/27   275 279,806
Brinker International, Inc.,          
Gtd. Notes, 144A(aa)(mm) 5.000 10/01/24   1,250 1,299,455
Sr. Unsec’d. Notes 3.875 05/15/23   250 250,606
     
 
Caleres, Inc.,
Gtd. Notes 		6.250 08/15/23   100 100,425
eG Global Finance PLC (United Kingdom),
Sr. Sec’d. Notes, 144A 		8.500 10/30/25   1,450 1,539,541
Ferrellgas Partners LP/Ferrellgas Partners Finance
Corp., 		         
Sr. Unsec’d. Notes 8.625 06/15/20(d)   975 561,733
Sr. Unsec’d. Notes 8.625 06/15/20(d)   3,275 1,678,808
     
 
Foundation Building Materials, Inc.,
Gtd. Notes, 144A 		6.000 03/01/29   275 274,137
Golden Nugget, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 10/15/24   2,004 2,036,929
L Brands, Inc.,
Gtd. Notes 		5.625 10/15/23   595 644,209
LBM Acquisition LLC,
Gtd. Notes, 144A 		6.250 01/15/29   225 228,149
Murphy Oil USA, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   325 324,810
Park River Holdings, Inc.,
Gtd. Notes, 144A 		5.625 02/01/29   1,100 1,079,221
PetSmart, Inc.,
Gtd. Notes, 144A 		7.125 03/15/23   2,625 2,629,430
Sally Holdings LLC/Sally Capital, Inc.,          
Gtd. Notes 5.500 11/01/23   150 151,360
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
Sally Holdings LLC/Sally Capital, Inc., (cont’d.)          
Gtd. Notes(aa)(mm) 5.625 % 12/01/25   1,900  $1,958,939
Sec’d. Notes, 144A 8.750 04/30/25   300 333,178
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 		         
Sr. Unsec’d. Notes(aa) 5.750 03/01/25   1,885 1,915,473
Sr. Unsec’d. Notes 5.875 03/01/27   675 706,926
     
 
Superior Plus LP/Superior General Partner, Inc. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		7.000 07/15/26   975 1,040,525
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 10/15/28   525 558,276
          22,590,555
Semiconductors 0.4%
Microchip Technology, Inc.,
Gtd. Notes, 144A 		4.250 09/01/25   430 449,553
NXP BV/NXP Funding LLC (Netherlands),
Gtd. Notes, 144A(aa) 		3.875 09/01/22   1,090 1,142,142
Sensata Technologies UK Financing Co. PLC,
Gtd. Notes, 144A 		6.250 02/15/26   880 907,500
          2,499,195
Software 1.0%
Black Knight InfoServ LLC,
Gtd. Notes, 144A 		3.625 09/01/28   1,643 1,631,069
Boxer Parent Co., Inc.,
Sr. Sec’d. Notes, 144A 		7.125 10/02/25   500 540,446
BY Crown Parent LLC,
Gtd. Notes, 144A 		7.375 10/15/24   1,410 1,436,113
BY Crown Parent LLC/BY Bond Finance, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		4.250 01/31/26   810 834,088
Rackspace Technology Global, Inc.,          
Gtd. Notes, 144A 5.375 12/01/28   350 361,325
Sr. Sec’d. Notes, 144A 3.500 02/15/28   625 613,685
     
 
Rocket Software, Inc.,
Sr. Unsec’d. Notes, 144A 		6.500 02/15/29   475 474,756
          5,891,482
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications 7.9%
Altice France Holding SA (Luxembourg),
Gtd. Notes, 144A 		6.000 % 02/15/28   125  $122,356
Altice France SA (France),
Sr. Sec’d. Notes, 144A 		7.375 05/01/26   1,165 1,215,566
C&W Senior Financing DAC (Ireland),
Sr. Unsec’d. Notes, 144A 		6.875 09/15/27   1,025 1,097,562
CommScope, Inc.,          
Gtd. Notes, 144A 7.125 07/01/28   795 833,747
Sr. Sec’d. Notes, 144A 6.000 03/01/26   460 483,562
     
 
Digicel Group 0.5 Ltd. (Jamaica),
Sr. Sec’d. Notes, Cash coupon 8.000% and PIK 2.000% or PIK 10.000% 		10.000 04/01/24   420 413,748
Digicel Holdings Bermuda Ltd./Digicel International
Finance Ltd. (Jamaica), 		         
Sr. Sec’d. Notes, 144A 8.750 05/25/24   1,050 1,099,797
Sr. Sec’d. Notes, 144A 8.750 05/25/24   525 549,955
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A 		6.750 03/01/23   6,168 5,673,800
Embarq Corp.,
Sr. Unsec’d. Notes 		7.995 06/01/36   815 968,921
Intelsat Jackson Holdings SA (Luxembourg),          
Gtd. Notes 5.500 08/01/23(d)   2,160 1,382,474
Gtd. Notes, 144A 9.750 07/15/25(d)   4,135 2,650,388
     
 
Intelsat Luxembourg SA (Luxembourg),
Gtd. Notes 		8.125 06/01/23(d)   1,035 49,226
Intrado Corp.,
Gtd. Notes, 144A 		8.500 10/15/25   3,695 3,683,183
Level 3 Financing, Inc.,
Gtd. Notes, 144A 		3.750 07/15/29   1,600 1,595,289
Lumen Technologies, Inc.,          
Sr. Unsec’d. Notes(aa) 5.625 04/01/25   1,830 1,960,284
Sr. Unsec’d. Notes, 144A 4.500 01/15/29   1,125 1,121,928
Sr. Unsec’d. Notes, Series P 7.600 09/15/39   1,200 1,435,625
Sr. Unsec’d. Notes, Series T(aa) 5.800 03/15/22   1,150 1,192,543
Sr. Unsec’d. Notes, Series U 7.650 03/15/42   1,930 2,308,605
Sprint Capital Corp.,          
Gtd. Notes(aa) 6.875 11/15/28   700 885,614
Gtd. Notes 8.750 03/15/32   706 1,049,619
Sprint Corp.,          
Gtd. Notes(aa) 7.625 02/15/25   2,425 2,885,697
Gtd. Notes(aa) 7.875 09/15/23   1,794 2,071,158
     
 
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
     
T-Mobile USA, Inc.,
Gtd. Notes(aa) 		6.500 % 01/15/26   4,055  $4,188,753
Viasat, Inc.,          
Sr. Unsec’d. Notes, 144A 5.625 09/15/25   900 918,000
Sr. Unsec’d. Notes, 144A 6.500 07/15/28   420 449,092
     
 
Windstream Escrow LLC/Windstream Escrow Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 08/15/28   429 439,534
Zayo Group Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 4.000 03/01/27   120 119,424
Sr. Unsec’d. Notes, 144A 6.125 03/01/28   1,800 1,858,085
          44,703,535
Transportation 0.6%
XPO Logistics, Inc.,          
Gtd. Notes, 144A 6.125 09/01/23   200 203,646
Gtd. Notes, 144A 6.250 05/01/25   180 193,285
Gtd. Notes, 144A(aa) 6.750 08/15/24   2,800 2,957,029
          3,353,960
     
 
Total Corporate Bonds
(cost $643,015,922) 		662,838,183
    
      Shares  
Common Stocks 3.1%
Electric Utilities 0.3%
GenOn Energy Holdings, Inc. (Class A Stock)*^       9,187 1,286,180
Keycon Power Holdings LLC*^       2,600 403,000
          1,689,180
Hotels, Restaurants & Leisure 0.1%
CEC Entertainment, Inc.*       22,321 387,827
Oil, Gas & Consumable Fuels 2.7%
Chesapeake Energy Corp.*       285,928 12,632,299
Chesapeake Energy Corp. Backstop Commitment*       1,644 69,340
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels (cont’d.)
Extraction Oil & Gas, Inc.*       80,502  $2,708,892
Frontera Energy Corp. (Colombia)       2,066 10,317
          15,420,848
     
 
Total Common Stocks
(cost $7,571,478) 		17,497,855
    
      Units  
Warrants* 0.0%
Hotels, Restaurants & Leisure 
CEC Entertainment, Inc., expiring 02/15/22
(cost $0) 		      24,208 21,787
 
Total Long-Term Investments
(cost $711,912,607) 		742,865,742
    
      Shares  
Short-Term Investment 0.6%
Affiliated Mutual Fund           
PGIM Core Ultra Short Bond Fund
(cost $3,616,110)(wb) 		    3,616,110 3,616,110
 
TOTAL INVESTMENTS 131.7%
(cost $715,528,717) 		746,481,852
Liabilities in excess of other assets (31.7)% (179,831,714)
 
Net Assets 100.0% $566,650,138
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  USD—US Dollar
    
  144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
  DIP—Debtor-In-Possession
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  PIK—Payment-in-Kind
  REITs—Real Estate Investment Trust
    
* Non-income producing security.
# Principal amount is shown in U.S. dollars unless otherwise stated.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $4,813,971 and 0.9% of net assets.
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2021 (unaudited) (continued)
(aa) Represents security, or a portion thereof, with aggregate value of $219,559,289 segregated as collateral for amount of $180,000,000 borrowed and outstanding as of February 28, 2021.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at February 28, 2021.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(mm) Represents security, or a portion thereof, in connection with the rehypothecation of portfolio securities with an aggregate value of $14,634,827 as of February 28, 2021.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(oo) Perpetual security. Maturity date represents next call date.
(wb) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
Unfunded loan commitment outstanding at February 28, 2021:
Borrower   Principal
Amount
(000)# 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
U.S. Concrete, Inc., Initial Delayed Draw Term Loan, 1 Month LIBOR + 2.750%, 1.375%(c), Maturity Date 05/01/25 (cost $320,952)^    324   $320,944   $—   $(9)
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
33