NPORT-EX 2 PI72650HighYieldBd.htm
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 126.3%
Bank Loans 10.1%
Airlines 0.6%
American Airlines, Inc.,
Initial Term Loan, 3 Month LIBOR + 4.750% 		5.500 %(c) 04/20/28   1,246  $1,295,751
United Airlines, Inc.,
Class B Term Loan, 1 Month LIBOR + 3.750% 		4.500(c) 04/21/28   2,209 2,237,300
          3,533,051
Chemicals 1.6%
Hexion, Inc.,
Senior Secured Term B Loan, 3 Month LIBOR + 3.500% 		3.640(c) 07/01/26   1,474 1,471,776
Solenis International LP,          
First Lien Initial Dollar Term Loan, 1 Month LIBOR + 4.000% 4.087(c) 06/26/25   5,598 5,593,176
Second Lien Initial Term Loan, 1 Month LIBOR + 8.500% 8.587(c) 06/26/26   1,875 1,870,312
          8,935,264
Commercial Services 0.2%
Verscend Holding Corp.,
New Term Loan B, 1 Month LIBOR + 4.000% 		4.087(c) 08/27/25   998 998,747
Computers 1.3%
McAfee LLC,
Term B Loan, 1 Month LIBOR + 3.750% 		3.837(c) 09/30/24   5,483 5,486,515
Peraton Corp.,
First Lien Term B Loan, 1 Month LIBOR + 3.750% 		4.500(c) 02/01/28   2,011 2,012,243
          7,498,758
Electric 0.3%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000% 		7.000(c) 07/30/26   2,078 1,825,227
Engineering & Construction 0.0%
Landry’s Finance Acquisition Co.,
2020 Initial Term Loan, 3 Month LIBOR + 12.000% 		13.000(c) 10/04/23   60 65,082
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Entertainment 0.0%
Scientific Games International, Inc.,
Initial Term B-5 Loan, 1 Month LIBOR + 2.750% 		2.837 %(c) 08/14/24   293  $291,809
Housewares 0.2%
Sunset Debt Merger Sub, Inc.,
Initial Term Loan, 1 Month LIBOR + 4.000% 		4.750(c) 10/06/28   1,015 1,006,119
Insurance 0.4%
Asurion LLC,          
New B-4 Term Loan, 1 Month LIBOR + 5.250% 5.337(c) 01/20/29   1,990 1,980,880
Replacement B-6 Term Loan, 1 Month LIBOR + 3.125% 3.212(c) 11/03/23   212 211,322
          2,192,202
Media 0.2%
Diamond Sports Group LLC,
Term Loan, 1 Month LIBOR + 3.250% 		3.340(c) 08/24/26   219 113,929
iHeartCommunications, Inc.,
New Term Loan, 1 Month LIBOR + 3.000% 		3.087(c) 05/01/26   1,153 1,144,371
          1,258,300
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 3,653,960
Citgo Holding, Inc.,
Term Loan, 3 Month LIBOR + 7.000% 		8.000(c) 08/01/23   564 559,978
Citgo Petroleum Corp.,
2019 Incremental Term B Loan, 3 Month LIBOR + 6.250% 		7.250(c) 03/28/24   778 778,306
          4,992,244
Pharmaceuticals 0.3%
Change Healthcare Holdings LLC,
Closing Date Term Loan, 1 Month LIBOR + 2.500% 		3.500(c) 03/01/24   954 953,004
Gainwell Acquisition Corp.,
Term B Loan, 3 Month LIBOR + 4.000% 		4.750(c) 10/01/27   844 845,471
          1,798,475
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Retail 0.3%
EG America LLC (United Kingdom),
Project Becker Additional Facility, 3 Month LIBOR + 4.250% 		4.750 %(c) 03/31/26   342  $340,867
Great Outdoors Group LLC,
Term B-1 Loan, 3 Month LIBOR + 4.250% 		5.000(c) 03/06/28   1,216 1,219,612
          1,560,479
Software 2.6%
Boxer Parent Co., Inc.,          
2021 Replacement Dollar Term Loan, 3 Month LIBOR + 3.750% 3.882(c) 10/02/25   225 223,415
Term Loan —(p) 03/31/26   350 354,375
     
 
Camelot Co. (Luxembourg),
Amendment No. 2 Incremental Term Loans, 1 Month LIBOR + 3.000% 		4.000(c) 10/30/26   764 765,180
Dun & Bradstreet Corp.,
Term Loan B, 1 Month LIBOR + 3.250% 		3.338(c) 02/06/26   1,369 1,364,013
Finastra USA, Inc.,          
Dollar Term Loan (Second Lien), 6 Month LIBOR + 7.250% 8.250(c) 06/13/25   1,400 1,398,468
First Lien Dollar Term Loan, 6 Month LIBOR + 3.500% 4.500(c) 06/13/24   3,773 3,750,483
     
 
Greeneden U.S. Holdings II LLC,
B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% 		4.750(c) 12/01/27   498 498,589
Rackspace Technology Global, Inc.,
Term B Loan, 3 Month LIBOR + 2.750% 		3.500(c) 02/15/28   572 567,977
Skillsoft Finance II, Inc.,
Initial Term Loan, 3 Month LIBOR + 4.750% 		5.500(c) 07/14/28   1,525 1,532,625
TIBCO Software, Inc.,          
Second Lien Term Loan, 1 Month LIBOR + 7.250% 7.340(c) 03/03/28   1,015 1,017,221
Term Loan B-3, 1 Month LIBOR + 3.750% 3.840(c) 06/30/26   3,359 3,290,616
          14,762,962
Telecommunications 1.2%
Crown Subsea Communications Holding, Inc.,
Initial Term Loan, 1 Month LIBOR + 5.000% 		5.750(c) 04/27/27   524 528,354
Intelsat Jackson Holdings SA (Luxembourg),
DIP Term Loan, 3 Month LIBOR + 4.750% 		5.750(c) 07/13/22   546 549,654
West Corp.,
Initial Term B Loan, 3 Month LIBOR + 4.000% 		5.000(c) 10/10/24   3,509 3,445,882
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Telecommunications (cont’d.)
Xplornet Communications, Inc. (Canada),          
Refinancing Term Loan, 3 Month LIBOR + 4.000% 4.500 %(c) 10/02/28   1,870  $1,866,494
Second Lien Initial Term Loan, 3 Month LIBOR + 7.000%^ 7.500(c) 10/01/29   270 268,650
          6,659,034
     
 
Total Bank Loans
(cost $56,922,561) 		57,377,753
Corporate Bonds 111.5%
Advertising 0.6%
National CineMedia LLC,
Sr. Unsec’d. Notes(aa) 		5.750 08/15/26   1,125 904,143
Terrier Media Buyer, Inc.,
Gtd. Notes, 144A(aa) 		8.875 12/15/27   2,530 2,680,581
          3,584,724
Aerospace & Defense 4.1%
Boeing Co. (The),          
Sr. Unsec’d. Notes(aa) 5.150 05/01/30   2,200 2,567,495
Sr. Unsec’d. Notes(aa) 5.805 05/01/50   3,150 4,317,801
Sr. Unsec’d. Notes 5.930 05/01/60   250 351,611
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 6.000 02/15/28   1,050 1,059,105
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   875 918,486
Sr. Unsec’d. Notes, 144A 7.500 12/01/24   1,975 2,055,903
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   2,050 2,103,198
Sr. Unsec’d. Notes, 144A(aa) 7.875 04/15/27   4,215 4,383,469
     
 
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A 		7.500 04/15/25   1,200 1,267,030
SSL Robotics LLC,
Sr. Sec’d. Notes, 144A 		9.750 12/31/23   794 858,233
TransDigm, Inc.,          
Gtd. Notes 4.625 01/15/29   800 794,919
Gtd. Notes(aa) 5.500 11/15/27   2,300 2,358,194
          23,035,444
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Agriculture 0.2%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 % 02/01/29   1,350  $1,346,724
Airlines 1.1%
American Airlines, Inc.,
Sr. Sec’d. Notes, 144A 		11.750 07/15/25   250 309,697
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,          
Sr. Sec’d. Notes, 144A 5.500 04/20/26   1,450 1,520,563
Sr. Sec’d. Notes, 144A 5.750 04/20/29   1,550 1,668,326
     
 
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 01/20/26   575 603,750
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   1,080 1,118,259
Sr. Sec’d. Notes, 144A 4.625 04/15/29   830 855,927
          6,076,522
Apparel 0.4%
Hanesbrands, Inc.,
Gtd. Notes, 144A 		5.375 05/15/25   400 416,610
William Carter Co. (The),
Gtd. Notes, 144A(aa) 		5.500 05/15/25   1,200 1,255,652
Wolverine World Wide, Inc.,
Gtd. Notes, 144A 		4.000 08/15/29   325 320,791
          1,993,053
Auto Manufacturers 2.8%
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 06/01/29   969 1,044,571
Ford Motor Co.,          
Sr. Unsec’d. Notes(aa) 4.750 01/15/43   3,925 4,288,686
Sr. Unsec’d. Notes(aa) 5.291 12/08/46   3,300 3,789,778
Sr. Unsec’d. Notes 7.400 11/01/46   200 274,289
Sr. Unsec’d. Notes 9.000 04/22/25   1,200 1,443,134
Sr. Unsec’d. Notes 9.625 04/22/30   1,140 1,642,372
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 4.000 11/13/30   400 417,641
Sr. Unsec’d. Notes 5.584 03/18/24   310 334,009
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Sr. Unsec’d. Notes, 144A 		7.750 10/15/25   1,000 1,079,652
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Manufacturers (cont’d.)
     
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A 		9.500 % 10/01/28   1,325  $1,381,715
Wabash National Corp.,
Gtd. Notes, 144A 		4.500 10/15/28   450 437,939
          16,133,786
Auto Parts & Equipment 2.1%
Adient Global Holdings Ltd.,
Gtd. Notes, 144A 		4.875 08/15/26   2,725 2,776,444
Adient US LLC,
Sr. Sec’d. Notes, 144A 		9.000 04/15/25   275 294,697
American Axle & Manufacturing, Inc.,          
Gtd. Notes 5.000 10/01/29   1,800 1,719,819
Gtd. Notes(aa) 6.250 03/15/26   686 704,883
Gtd. Notes(aa) 6.500 04/01/27   1,000 1,044,233
Gtd. Notes 6.875 07/01/28   406 431,002
     
 
Cooper-Standard Automotive, Inc.,
Gtd. Notes, 144A 		5.625 11/15/26   1,090 874,301
Dana Financing Luxembourg Sarl,
Gtd. Notes, 144A 		5.750 04/15/25   500 514,896
Dana, Inc.,          
Sr. Unsec’d. Notes 4.250 09/01/30   250 252,930
Sr. Unsec’d. Notes 5.375 11/15/27   200 209,690
Sr. Unsec’d. Notes 5.625 06/15/28   750 793,797
Tenneco, Inc.,          
Sr. Sec’d. Notes, 144A 5.125 04/15/29   1,675 1,659,876
Sr. Sec’d. Notes, 144A 7.875 01/15/29   175 191,335
     
 
Titan International, Inc.,
Sr. Sec’d. Notes, 144A 		7.000 04/30/28   650 668,524
          12,136,427
Banks 0.8%
Citigroup, Inc.,
Jr. Sub. Notes 		3.875(ff) 02/18/26(oo)   625 632,405
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 05/01/26   700 685,782
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,875 3,069,469
          4,387,656
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Building Materials 2.2%
Cornerstone Building Brands, Inc.,
Gtd. Notes, 144A 		6.125 % 01/15/29   900  $936,857
Griffon Corp.,
Gtd. Notes 		5.750 03/01/28   1,455 1,521,456
JELD-WEN, Inc.,
Gtd. Notes, 144A 		4.625 12/15/25   701 709,097
Masonite International Corp.,          
Gtd. Notes, 144A 3.500 02/15/30   375 365,494
Gtd. Notes, 144A 5.375 02/01/28   205 215,471
Patrick Industries, Inc.,          
Gtd. Notes, 144A 4.750 05/01/29   525 522,333
Gtd. Notes, 144A 7.500 10/15/27   825 884,234
     
 
SRM Escrow Issuer LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,550 1,614,664
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 3.375 01/15/31   625 579,990
Sr. Unsec’d. Notes, 144A(aa) 4.375 07/15/30   875 878,084
Sr. Unsec’d. Notes, 144A(aa) 4.750 01/15/28   1,975 2,038,831
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   370 379,783
Summit Materials LLC/Summit Materials Finance Corp.,          
Gtd. Notes, 144A 5.250 01/15/29   230 241,826
Gtd. Notes, 144A(aa) 6.500 03/15/27   1,400 1,468,921
          12,357,041
Chemicals 4.6%
Ashland LLC,
Gtd. Notes(aa) 		6.875 05/15/43   2,125 2,758,456
Chemours Co. (The),          
Gtd. Notes, 144A 4.625 11/15/29   1,300 1,251,711
Gtd. Notes, 144A 5.750 11/15/28   1,225 1,261,286
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A 		6.750 08/15/24   2,255 2,028,392
Diamond BC BV,
Gtd. Notes, 144A 		4.625 10/01/29   200 201,556
EverArc Escrow Sarl,
Sr. Sec’d. Notes, 144A 		5.000 10/30/29   350 349,892
Hexion, Inc.,
Gtd. Notes, 144A 		7.875 07/15/27   900 954,000
Ingevity Corp.,
Gtd. Notes, 144A 		3.875 11/01/28   400 393,471
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
     
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		4.875 % 06/01/24   1,100  $1,145,389
Olympus Water US Holding Corp.,          
Sr. Sec’d. Notes, 144A 4.250 10/01/28   625 615,189
Sr. Unsec’d. Notes, 144A 6.250 10/01/29   350 349,000
     
 
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   1,400 1,429,193
SCIH Salt Holdings, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 05/01/29   275 258,749
SPCM SA (France),
Sr. Unsec’d. Notes, 144A 		3.375 03/15/30   450 442,395
TPC Group, Inc.,          
Sr. Sec’d. Notes, 144A 10.500 08/01/24   2,050 1,857,492
Sr. Sec’d. Notes, 144A 10.875 08/01/24   505 538,976
Tronox, Inc.,          
Gtd. Notes, 144A 4.625 03/15/29   1,325 1,299,520
Sr. Sec’d. Notes, 144A 6.500 05/01/25   2,100 2,205,664
Unifrax Escrow Issuer Corp.,          
Sr. Sec’d. Notes, 144A 5.250 09/30/28   375 375,170
Sr. Unsec’d. Notes, 144A 7.500 09/30/29   225 223,697
Valvoline, Inc.,          
Gtd. Notes, 144A 4.250 02/15/30   460 466,903
Sr. Unsec’d. Notes, 144A 3.625 06/15/31   600 587,137
Venator Finance Sarl/Venator Materials LLC,          
Gtd. Notes, 144A 5.750 07/15/25   2,577 2,408,335
Sr. Sec’d. Notes, 144A 9.500 07/01/25   1,040 1,141,942
WR Grace Holdings LLC,          
Sr. Sec’d. Notes, 144A 4.875 06/15/27   600 609,467
Sr. Sec’d. Notes, 144A 5.625 10/01/24   100 107,290
Sr. Unsec’d. Notes, 144A 5.625 08/15/29   650 655,488
          25,915,760
Coal 0.1%
Coronado Finance Pty Ltd. (Australia),
Sr. Sec’d. Notes, 144A 		10.750 05/15/26   500 544,237
Commercial Services 5.4%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A 		5.500 03/01/28   600 606,875
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 % 07/15/26   430  $452,230
Sr. Unsec’d. Notes, 144A 6.000 06/01/29   950 935,631
Sr. Unsec’d. Notes, 144A(aa) 9.750 07/15/27   2,400 2,590,215
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 Sarl, 		         
Sr. Sec’d. Notes, 144A 4.625 06/01/28   860 853,409
Sr. Sec’d. Notes, 144A 4.625 06/01/28   1,065 1,055,562
     
 
Alta Equipment Group, Inc.,
Sec’d. Notes, 144A 		5.625 04/15/26   500 513,002
AMN Healthcare, Inc.,          
Gtd. Notes, 144A 4.000 04/15/29   775 789,773
Gtd. Notes, 144A 4.625 10/01/27   400 410,843
     
 
APi Escrow Corp.,
Gtd. Notes, 144A 		4.750 10/15/29   400 408,739
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.,
Gtd. Notes, 144A 		4.750 04/01/28   1,295 1,343,189
Avis Budget Finance PLC,
Gtd. Notes 		4.750 01/30/26 EUR 275 322,974
Brink’s Co. (The),          
Gtd. Notes, 144A 4.625 10/15/27   375 386,602
Gtd. Notes, 144A(aa) 5.500 07/15/25   400 419,673
     
 
Carriage Services, Inc.,
Gtd. Notes, 144A 		4.250 05/15/29   325 325,534
CoreLogic, Inc.,
Sr. Sec’d. Notes, 144A 		4.500 05/01/28   400 395,180
Gartner, Inc.,          
Gtd. Notes, 144A 3.625 06/15/29   425 427,014
Gtd. Notes, 144A 3.750 10/01/30   325 331,277
     
 
Metis Merger Sub LLC,
Sr. Unsec’d. Notes, 144A 		6.500 05/15/29   1,375 1,361,621
MPH Acquisition Holdings LLC,
Sr. Sec’d. Notes, 144A 		5.500 09/01/28   1,000 993,741
NESCO Holdings II, Inc.,
Sec’d. Notes, 144A 		5.500 04/15/29   900 920,019
Nielsen Finance LLC/Nielsen Finance Co.,          
Gtd. Notes, 144A 5.625 10/01/28   610 634,739
Gtd. Notes, 144A 5.875 10/01/30   340 356,748
     
 
Service Corp. International,
Sr. Unsec’d. Notes 		4.000 05/15/31   1,350 1,380,446
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
United Rentals North America, Inc.,          
Gtd. Notes 3.750 % 01/15/32   575  $573,863
Gtd. Notes 4.000 07/15/30   375 382,720
Gtd. Notes(aa) 4.875 01/15/28   5,975 6,309,615
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		9.750 08/15/26   5,030 5,329,484
          30,810,718
Computers 0.6%
CA Magnum Holdings (India),
Sr. Sec’d. Notes, 144A 		5.375 10/31/26   225 231,769
NCR Corp.,          
Gtd. Notes, 144A 5.000 10/01/28   550 560,095
Gtd. Notes, 144A 5.125 04/15/29   825 843,889
Gtd. Notes, 144A 5.250 10/01/30   350 361,195
Gtd. Notes, 144A(aa) 5.750 09/01/27   1,000 1,050,850
     
 
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.750 06/01/25   375 392,581
          3,440,379
Distribution/Wholesale 0.5%
Avient Corp.,
Sr. Unsec’d. Notes, 144A 		5.750 05/15/25   870 912,189
H&E Equipment Services, Inc.,
Gtd. Notes, 144A 		3.875 12/15/28   1,800 1,793,244
          2,705,433
Diversified Financial Services 4.1%
Alliance Data Systems Corp.,
Gtd. Notes, 144A 		4.750 12/15/24   1,075 1,100,116
goeasy Ltd. (Canada),          
Gtd. Notes, 144A 4.375 05/01/26   525 539,906
Gtd. Notes, 144A 5.375 12/01/24   500 514,163
     
 
Home Point Capital, Inc.,
Gtd. Notes, 144A 		5.000 02/01/26   700 629,106
Jefferies Finance LLC/JFIN Co-Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		5.000 08/15/28   1,275 1,293,218
LD Holdings Group LLC,
Gtd. Notes, 144A 		6.125 04/01/28   1,100 1,007,982
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
     
LFS Topco LLC,
Gtd. Notes, 144A 		5.875 % 10/15/26   300  $309,332
LPL Holdings, Inc.,          
Gtd. Notes, 144A 4.000 03/15/29   1,375 1,406,076
Gtd. Notes, 144A 4.375 05/15/31   100 102,404
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 12/15/30   1,800 1,813,793
Gtd. Notes, 144A(aa) 5.500 08/15/28   2,645 2,709,574
Gtd. Notes, 144A(aa) 6.000 01/15/27   1,850 1,936,409
OneMain Finance Corp.,          
Gtd. Notes 3.875 09/15/28   400 390,268
Gtd. Notes 4.000 09/15/30   500 485,697
Gtd. Notes 6.625 01/15/28   500 564,072
Gtd. Notes(aa) 6.875 03/15/25   750 838,550
Gtd. Notes(aa) 7.125 03/15/26   5,498 6,243,975
PennyMac Financial Services, Inc.,          
Gtd. Notes, 144A 4.250 02/15/29   575 544,372
Gtd. Notes, 144A 5.375 10/15/25   800 825,192
          23,254,205
Electric 5.0%
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   1,350 1,312,602
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   1,975 1,934,982
Sr. Unsec’d. Notes, 144A(aa) 5.125 03/15/28   5,950 5,935,164
     
 
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders,
Sub. Notes, 144A, Cash coupon 13.000% or PIK N/A (original cost $333,181; purchased 01/17/19 - 06/04/21)(f) 		13.000 06/01/24   333 237,519
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,975 3,154,946
Gtd. Notes, 144A 3.375 02/15/29   200 195,550
Gtd. Notes, 144A 3.625 02/15/31   600 584,380
Gtd. Notes, 144A 3.875 02/15/32   575 563,469
Gtd. Notes, 144A 5.250 06/15/29   800 850,841
PG&E Corp.,          
Sr. Sec’d. Notes(aa) 5.000 07/01/28   1,625 1,689,363
Sr. Sec’d. Notes(aa) 5.250 07/01/30   2,135 2,231,267
     
 
Vistra Corp.,
Jr. Sub. Notes, 144A 		8.000(ff) 10/15/26(oo)   925 970,967
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electric (cont’d.)
Vistra Operations Co. LLC,          
Gtd. Notes, 144A(aa) 5.000 % 07/31/27   1,100  $1,126,294
Gtd. Notes, 144A(aa) 5.625 02/15/27   6,700 6,904,031
Sr. Unsec’d. Notes, 144A 4.375 05/01/29   500 493,661
          28,185,036
Electrical Components & Equipment 0.4%
Energizer Holdings, Inc.,
Gtd. Notes, 144A 		4.375 03/31/29   200 191,627
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 06/15/25   650 691,503
Gtd. Notes, 144A(aa) 7.250 06/15/28   1,130 1,247,545
          2,130,675
Electronics 0.3%
Brightstar Escrow Corp.,
Sr. Sec’d. Notes, 144A 		9.750 10/15/25   905 970,486
Sensata Technologies BV,
Gtd. Notes, 144A 		4.000 04/15/29   475 482,369
Sensata Technologies, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   260 257,143
          1,709,998
Engineering & Construction 0.4%
AECOM,
Gtd. Notes(aa) 		5.125 03/15/27   730 805,371
Artera Services LLC,
Sr. Sec’d. Notes, 144A 		9.033 12/04/25   700 753,469
TopBuild Corp.,          
Gtd. Notes, 144A 3.625 03/15/29   500 502,651
Gtd. Notes, 144A 4.125 02/15/32   425 427,979
          2,489,470
Entertainment 5.0%
AMC Entertainment Holdings, Inc.,
Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% 		12.000 06/15/26   683 678,800
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   1,685 1,773,653
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
Caesars Entertainment, Inc., (cont’d.)          
Sr. Unsec’d. Notes, 144A 4.625 % 10/15/29   650   $653,879
     
 
Caesars Resort Collection LLC/CRC Finco, Inc.,
Sr. Sec’d. Notes, 144A 		5.750 07/01/25   600 630,333
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   275 289,498
Cedar Fair LP,
Gtd. Notes 		5.250 07/15/29   275 284,999
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC,
Gtd. Notes 		6.500 10/01/28   675 723,468
Churchill Downs, Inc.,
Gtd. Notes, 144A 		5.500 04/01/27   625 647,650
Everi Holdings, Inc.,
Gtd. Notes, 144A 		5.000 07/15/29   100 102,412
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A 		7.625 04/15/26   2,275 2,389,847
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 5.250 01/15/29   600 631,416
Sr. Sec’d. Notes, 144A 6.500 02/15/25   2,110 2,344,838
     
 
Jacobs Entertainment, Inc.,
Sec’d. Notes, 144A(aa) 		7.875 02/01/24   2,500 2,575,008
Merlin Entertainments Ltd. (United Kingdom),
Sec’d. Notes, 144A 		5.750 06/15/26   200 206,810
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		4.875 05/01/29   825 832,515
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A 		6.625 11/15/27   1,419 1,432,720
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		8.500 11/15/27   1,325 1,413,904
Penn National Gaming, Inc.,          
Sr. Unsec’d. Notes, 144A 4.125 07/01/29   325 318,659
Sr. Unsec’d. Notes, 144A(aa) 5.625 01/15/27   3,030 3,130,769
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp., 		         
Gtd. Notes, 144A 5.625 09/01/29   650 662,185
Gtd. Notes, 144A 5.875 09/01/31   1,050 1,071,034
Scientific Games International, Inc.,          
Gtd. Notes, 144A(aa) 8.250 03/15/26   2,725 2,891,765
Gtd. Notes, 144A 8.625 07/01/25   800 864,714
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
Scientific Games International, Inc., (cont’d.)          
Sr. Sec’d. Notes, 144A 5.000 % 10/15/25   700  $721,181
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,          
Gtd. Notes, 144A(aa) 5.125 10/01/29   860 864,729
Sr. Unsec’d. Notes, 144A 7.750 04/15/25   275 289,742
          28,426,528
Environmental Control 0.2%
GFL Environmental, Inc. (Canada),          
Gtd. Notes, 144A 4.000 08/01/28   275 268,584
Gtd. Notes, 144A 4.375 08/15/29   575 570,318
Madison IAQ LLC,          
Sr. Sec’d. Notes, 144A 4.125 06/30/28   50 49,711
Sr. Unsec’d. Notes, 144A 5.875 06/30/29   500 496,176
          1,384,789
Foods 4.4%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s
LP/Albertson’s LLC, 		         
Gtd. Notes, 144A(aa) 3.500 03/15/29   1,850 1,823,231
Gtd. Notes, 144A 4.625 01/15/27   425 444,668
     
 
B&G Foods, Inc.,
Gtd. Notes 		5.250 09/15/27   1,850 1,898,170
C&S Group Enterprises LLC,
Gtd. Notes, 144A 		5.000 12/15/28   875 814,219
Chobani LLC/Chobani Finance Corp., Inc.,          
Gtd. Notes, 144A 7.500 04/15/25   225 233,872
Sr. Sec’d. Notes, 144A 4.625 11/15/28   475 487,238
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes, 144A 3.750 12/01/31   525 537,341
Gtd. Notes, 144A 6.500 04/15/29   1,025 1,138,156
Sr. Unsec’d. Notes, 144A 5.500 01/15/30   900 985,500
Kraft Heinz Foods Co.,          
Gtd. Notes 4.375 06/01/46   1,775 2,071,706
Gtd. Notes 4.875 10/01/49   1,075 1,333,467
Gtd. Notes 5.000 07/15/35   325 399,671
Gtd. Notes 5.000 06/04/42   450 559,178
Gtd. Notes 5.200 07/15/45   300 380,855
Gtd. Notes 5.500 06/01/50   1,450 1,943,627
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods (cont’d.)
Lamb Weston Holdings, Inc.,          
Gtd. Notes, 144A 4.125 % 01/31/30   725  $725,849
Gtd. Notes, 144A 4.375 01/31/32   725 725,980
Pilgrim’s Pride Corp.,          
Gtd. Notes, 144A 3.500 03/01/32   375 377,485
Gtd. Notes, 144A(aa) 5.875 09/30/27   4,800 5,059,058
Post Holdings, Inc.,          
Gtd. Notes, 144A 4.625 04/15/30   1,375 1,383,255
Gtd. Notes, 144A 5.625 01/15/28   111 115,814
Sr. Unsec’d. Notes, 144A 4.500 09/15/31   1,375 1,349,564
     
 
U.S. Foods, Inc.,
Gtd. Notes, 144A 		4.750 02/15/29   425 430,176
          25,218,080
Forest Products & Paper 0.1%
Pearl Merger Sub, Inc.,
Sr. Sec’d. Notes, 144A 		6.750 10/01/28   600 598,397
Gas 0.9%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes(aa) 5.500 05/20/25   600 651,298
Sr. Unsec’d. Notes 5.625 05/20/24   200 216,270
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   3,250 3,636,754
Sr. Unsec’d. Notes(aa) 5.875 08/20/26   575 642,120
          5,146,442
Healthcare-Products 0.4%
Mozart Debt Merger Sub, Inc.,          
Sr. Sec’d. Notes, 144A 3.875 04/01/29   1,025 1,020,074
Sr. Unsec’d. Notes, 144A 5.250 10/01/29   1,050 1,067,206
          2,087,280
Healthcare-Services 5.3%
Catalent Pharma Solutions, Inc.,          
Gtd. Notes, 144A 3.125 02/15/29   325 317,224
Gtd. Notes, 144A 3.500 04/01/30   525 520,995
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,400 1,327,066
Gtd. Notes, 144A(aa) 4.625 06/01/30   3,250 3,268,575
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
HCA, Inc.,          
Gtd. Notes(aa) 5.625 % 09/01/28   2,700  $3,175,306
Sr. Sec’d. Notes(aa) 4.750 05/01/23   4,700 4,967,849
     
 
MEDNAX, Inc.,
Gtd. Notes, 144A(aa) 		6.250 01/15/27   1,405 1,474,827
Molina Healthcare, Inc.,
Sr. Unsec’d. Notes(aa) 		5.375 11/15/22   1,610 1,658,151
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A 		7.250 11/01/25   1,225 1,307,008
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A(aa) 		9.750 12/01/26   3,550 3,745,915
Tenet Healthcare Corp.,          
Gtd. Notes, 144A 6.125 10/01/28   525 551,357
Sec’d. Notes, 144A 6.250 02/01/27   1,300 1,350,188
Sr. Sec’d. Notes, 144A 4.250 06/01/29   2,000 2,027,245
Sr. Sec’d. Notes, 144A(aa) 4.875 01/01/26   743 763,985
Sr. Unsec’d. Notes(aa) 6.750 06/15/23   2,175 2,337,150
Sr. Unsec’d. Notes 6.875 11/15/31   1,250 1,440,931
          30,233,772
Home Builders 5.3%
Ashton Woods USA LLC/Ashton Woods Finance Co.,          
Sr. Unsec’d. Notes, 144A 4.625 08/01/29   825 821,774
Sr. Unsec’d. Notes, 144A 4.625 04/01/30   275 271,443
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,100 1,149,329
Gtd. Notes(aa) 7.250 10/15/29   2,675 2,922,878
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC (Canada), 		         
Gtd. Notes, 144A 4.875 02/15/30   1,875 1,880,567
Gtd. Notes, 144A(aa) 6.250 09/15/27   815 850,646
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   400 402,723
Century Communities, Inc.,          
Gtd. Notes 6.750 06/01/27   1,725 1,833,193
Gtd. Notes, 144A 3.875 08/15/29   150 149,740
Forestar Group, Inc.,          
Gtd. Notes, 144A 3.850 05/15/26   450 450,152
Gtd. Notes, 144A(aa) 5.000 03/01/28   650 672,190
KB Home,          
Gtd. Notes 4.000 06/15/31   500 508,189
Gtd. Notes 4.800 11/15/29   575 620,379
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
KB Home, (cont’d.)          
Gtd. Notes(aa) 6.875 % 06/15/27   1,650   $1,947,627
     
 
Lennar Corp.,
Gtd. Notes(aa) 		5.000 06/15/27   1,250 1,431,854
M/I Homes, Inc.,
Gtd. Notes 		4.950 02/01/28   425 442,865
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.625 03/01/30   900 913,467
Sr. Unsec’d. Notes, 144A(aa) 5.250 12/15/27   1,075 1,120,906
     
 
Meritage Homes Corp.,
Gtd. Notes(aa) 		5.125 06/06/27   2,523 2,783,918
Shea Homes LP/Shea Homes Funding Corp.,          
Sr. Unsec’d. Notes, 144A 4.750 02/15/28   1,293 1,303,281
Sr. Unsec’d. Notes, 144A 4.750 04/01/29   225 227,097
     
 
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A 		7.500 02/15/26   575 605,268
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.875 06/15/27   375 420,931
Gtd. Notes, 144A(aa) 6.625 07/15/27   2,800 2,954,145
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   480 511,142
     
 
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,
Gtd. Notes, 144A(aa) 		5.625 03/01/24   1,873 2,003,542
Tri Pointe Homes, Inc.,
Gtd. Notes 		5.700 06/15/28   915 994,903
          30,194,149
Home Furnishings 0.1%
Tempur Sealy International, Inc.,
Gtd. Notes, 144A 		4.000 04/15/29   600 610,235
Household Products/Wares 0.5%
ACCO Brands Corp.,
Gtd. Notes, 144A 		4.250 03/15/29   1,075 1,062,761
Central Garden & Pet Co.,
Gtd. Notes, 144A 		4.125 04/30/31   350 352,129
Kronos Acquisition Holdings, Inc./KIK Custom Products,
Inc. (Canada), 		         
Gtd. Notes, 144A 7.000 12/31/27   800 769,824
Sr. Sec’d. Notes, 144A 5.000 12/31/26   175 173,362
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Household Products/Wares (cont’d.)
Spectrum Brands, Inc.,          
Gtd. Notes, 144A 3.875 % 03/15/31   200  $196,402
Gtd. Notes, 144A 5.000 10/01/29   250 267,128
          2,821,606
Housewares 0.6%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 4.500 10/15/29   1,125 1,171,200
Gtd. Notes, 144A 4.000 04/01/31   750 743,361
Gtd. Notes, 144A 4.375 02/01/32   350 351,992
     
 
SWF Escrow Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		6.500 10/01/29   1,250 1,196,549
          3,463,102
Insurance 0.4%
Acrisure LLC/Acrisure Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		6.000 08/01/29   1,025 1,008,375
AmWINS Group, Inc.,
Sr. Unsec’d. Notes, 144A 		4.875 06/30/29   400 398,782
BroadStreet Partners, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 04/15/29   875 859,918
          2,267,075
Internet 1.0%
Cablevision Lightpath LLC,          
Sr. Sec’d. Notes, 144A 3.875 09/15/27   1,925 1,873,411
Sr. Unsec’d. Notes, 144A 5.625 09/15/28   625 618,220
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,          
Gtd. Notes, 144A 3.500 03/01/29   525 508,339
Gtd. Notes, 144A 5.250 12/01/27   1,365 1,417,568
     
 
NortonLifeLock, Inc.,
Sr. Unsec’d. Notes, 144A 		5.000 04/15/25   1,000 1,013,266
          5,430,804
Iron/Steel 0.6%
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A 		6.625 01/31/29   1,359 1,477,071
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Iron/Steel (cont’d.)
TMS International Corp.,
Sr. Unsec’d. Notes, 144A 		6.250 % 04/15/29   325  $335,562
United States Steel Corp.,
Sr. Unsec’d. Notes 		6.875 03/01/29   1,410 1,508,790
          3,321,423
Leisure Time 0.4%
NCL Corp. Ltd.,          
Sr. Sec’d. Notes, 144A 10.250 02/01/26   980 1,125,286
Sr. Sec’d. Notes, 144A 12.250 05/15/24   135 159,295
     
 
Viking Cruises Ltd.,
Gtd. Notes, 144A 		5.875 09/15/27   350 339,409
Viking Ocean Cruises Ship VII Ltd.,
Sr. Sec’d. Notes, 144A 		5.625 02/15/29   200 199,205
Vista Outdoor, Inc.,
Gtd. Notes, 144A 		4.500 03/15/29   675 675,958
          2,499,153
Lodging 2.4%
Boyd Gaming Corp.,          
Gtd. Notes 4.750 12/01/27   50 51,500
Gtd. Notes, 144A 4.750 06/15/31   525 540,475
Gtd. Notes, 144A 8.625 06/01/25   450 486,715
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes, 144A 3.625 02/15/32   900 878,784
Gtd. Notes, 144A 3.750 05/01/29   300 301,011
Gtd. Notes, 144A 4.000 05/01/31   1,425 1,432,228
Gtd. Notes, 144A 5.375 05/01/25   225 234,773
Gtd. Notes, 144A 5.750 05/01/28   325 349,209
     
 
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.,
Gtd. Notes 		4.875 04/01/27   200 207,046
MGM Resorts International,          
Gtd. Notes 4.625 09/01/26   275 287,188
Gtd. Notes(aa) 4.750 10/15/28   2,025 2,106,248
Gtd. Notes(aa) 5.500 04/15/27   1,061 1,142,930
Gtd. Notes(aa) 6.750 05/01/25   2,325 2,452,455
     
 
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.875 05/15/25   450 446,390
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Lodging (cont’d.)
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.125 % 12/15/29   1,325  $1,195,304
Sr. Unsec’d. Notes, 144A 5.625 08/26/28   1,900 1,751,621
          13,863,877
Machinery-Construction & Mining 0.1%
Terex Corp.,
Gtd. Notes, 144A 		5.000 05/15/29   725 742,961
Machinery-Diversified 0.6%
GrafTech Finance, Inc.,
Sr. Sec’d. Notes, 144A 		4.625 12/15/28   700 707,000
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A(aa) 		10.125 08/01/24   1,815 1,865,800
TK Elevator Holdco GmbH (Germany),
Gtd. Notes, 144A 		7.625 07/15/28   200 212,064
TK Elevator US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A 		5.250 07/15/27   625 637,046
          3,421,910
Media 7.7%
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes 4.500 05/01/32   1,850 1,865,370
Sr. Unsec’d. Notes, 144A(aa) 4.250 02/01/31   5,600 5,572,564
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   700 698,400
Sr. Unsec’d. Notes, 144A(aa) 4.750 03/01/30   2,900 2,997,525
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   1,000 1,039,989
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   250 258,184
CSC Holdings LLC,          
Gtd. Notes, 144A 3.375 02/15/31   1,175 1,069,791
Gtd. Notes, 144A(aa) 4.125 12/01/30   775 742,263
Gtd. Notes, 144A 5.500 04/15/27   200 206,510
Sr. Unsec’d. Notes, 144A(aa) 4.625 12/01/30   4,875 4,467,715
Sr. Unsec’d. Notes, 144A 5.750 01/15/30   550 542,190
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A 6.625 08/15/27   5,755 1,721,203
Sr. Sec’d. Notes, 144A(aa) 5.375 08/15/26   2,145 1,211,925
DISH DBS Corp.,          
Gtd. Notes 5.125 06/01/29   950 914,904
Gtd. Notes 7.375 07/01/28   365 384,095
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
DISH DBS Corp., (cont’d.)          
Gtd. Notes(aa) 7.750 % 07/01/26   4,185   $4,658,217
     
 
Gray Television, Inc.,
Gtd. Notes, 144A 		7.000 05/15/27   1,625 1,742,656
iHeartCommunications, Inc.,
Sr. Sec’d. Notes 		6.375 05/01/26   395 413,803
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 08/15/27   550 571,813
News Corp.,
Sr. Unsec’d. Notes, 144A 		3.875 05/15/29   550 559,712
Nexstar Media, Inc.,          
Gtd. Notes, 144A 4.750 11/01/28   775 791,552
Gtd. Notes, 144A 5.625 07/15/27   1,500 1,582,058
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 09/15/26   610 619,899
Sr. Unsec’d. Notes, 144A 6.500 09/15/28   1,000 1,000,688
Scripps Escrow II, Inc.,          
Sr. Sec’d. Notes, 144A 3.875 01/15/29   350 349,731
Sr. Unsec’d. Notes, 144A 5.375 01/15/31   275 269,644
     
 
Scripps Escrow, Inc.,
Gtd. Notes, 144A(aa) 		5.875 07/15/27   1,310 1,337,372
Sinclair Television Group, Inc.,
Gtd. Notes, 144A 		5.875 03/15/26   1,240 1,268,662
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 05/01/29   400 404,475
Sr. Sec’d. Notes, 144A(aa) 5.125 02/15/25   2,300 2,341,197
Sr. Sec’d. Notes, 144A(aa) 6.625 06/01/27   2,135 2,310,604
          43,914,711
Metal Fabricate/Hardware 0.1%
Roller Bearing Co. of America, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 10/15/29   525 535,325
Mining 3.0%
Constellium SE,
Gtd. Notes, 144A 		3.750 04/15/29   250 241,831
Eldorado Gold Corp. (Turkey),
Sr. Unsec’d. Notes, 144A 		6.250 09/01/29   1,550 1,573,328
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.500 03/01/24   500 507,644
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mining (cont’d.)
First Quantum Minerals Ltd. (Zambia), (cont’d.)          
Gtd. Notes, 144A 6.875 % 10/15/27   700  $749,197
Gtd. Notes, 144A 7.250 04/01/23   2,100 2,136,741
Gtd. Notes, 144A 7.500 04/01/25   3,305 3,419,298
     
 
Freeport-McMoRan, Inc.,
Gtd. Notes(aa) 		4.375 08/01/28   1,075 1,119,206
Hecla Mining Co.,
Gtd. Notes(aa) 		7.250 02/15/28   1,075 1,157,054
Hudbay Minerals, Inc. (Canada),          
Gtd. Notes, 144A 4.500 04/01/26   900 897,425
Gtd. Notes, 144A 6.125 04/01/29   1,195 1,258,078
     
 
IAMGOLD Corp. (Burkina Faso),
Gtd. Notes, 144A 		5.750 10/15/28   575 564,861
New Gold, Inc. (Canada),          
Gtd. Notes, 144A(aa) 6.375 05/15/25   755 775,771
Sr. Unsec’d. Notes, 144A 7.500 07/15/27   1,220 1,317,209
Novelis Corp.,          
Gtd. Notes, 144A 3.875 08/15/31   800 782,428
Gtd. Notes, 144A 4.750 01/30/30   275 285,777
          16,785,848
Miscellaneous Manufacturing 0.3%
Amsted Industries, Inc.,          
Gtd. Notes, 144A(aa) 5.625 07/01/27   1,075 1,120,393
Sr. Unsec’d. Notes, 144A(aa) 4.625 05/15/30   785 806,402
          1,926,795
Office/Business Equipment 0.1%
CDW LLC/CDW Finance Corp.,
Gtd. Notes 		3.250 02/15/29   710 719,842
Oil & Gas 8.8%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A 		8.250 02/15/26   975 1,047,030
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Sr. Unsec’d. Notes^ 		7.875 12/15/24(d)   5,325 36,210
Antero Resources Corp.,          
Gtd. Notes 5.000 03/01/25   1,500 1,526,900
Gtd. Notes, 144A 5.375 03/01/30   825 873,822
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Antero Resources Corp., (cont’d.)          
Gtd. Notes, 144A 7.625 % 02/01/29   1,175  $1,301,617
Gtd. Notes, 144A 8.375 07/15/26   162 182,318
Apache Corp.,          
Sr. Unsec’d. Notes 5.100 09/01/40   1,250 1,400,437
Sr. Unsec’d. Notes 5.250 02/01/42   75 84,420
Sr. Unsec’d. Notes 5.350 07/01/49   115 132,111
Sr. Unsec’d. Notes 7.750 12/15/29   100 127,561
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Gtd. Notes, 144A 7.000 11/01/26   25 25,811
Gtd. Notes, 144A 9.000 11/01/27   252 344,606
     
 
Athabasca Oil Corp. (Canada),
Sec’d. Notes, 144A 		9.750 11/01/26   2,000 2,012,798
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   375 392,485
Gtd. Notes, 144A 5.875 02/01/29   400 425,920
     
 
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A 		9.250 08/01/24   1,053 1,075,378
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A 		7.000 06/15/25   1,175 1,209,937
CNX Resources Corp.,
Gtd. Notes, 144A(aa) 		7.250 03/14/27   1,550 1,645,913
Comstock Resources, Inc.,          
Gtd. Notes, 144A 5.875 01/15/30   600 624,088
Gtd. Notes, 144A 6.750 03/01/29   975 1,047,863
Continental Resources, Inc.,          
Gtd. Notes 4.900 06/01/44   375 426,231
Gtd. Notes, 144A 5.750 01/15/31   300 359,381
CrownRock LP/CrownRock Finance, Inc.,          
Sr. Unsec’d. Notes, 144A 5.000 05/01/29   500 515,400
Sr. Unsec’d. Notes, 144A 5.625 10/15/25   575 588,395
     
 
Devon Energy Corp.,
Sr. Unsec’d. Notes, 144A 		5.250 10/15/27   500 530,367
Endeavor Energy Resources LP/EER Finance, Inc.,          
Sr. Unsec’d. Notes, 144A(aa) 5.750 01/30/28   975 1,023,378
Sr. Unsec’d. Notes, 144A 6.625 07/15/25   300 316,375
EQT Corp.,          
Sr. Unsec’d. Notes(aa) 3.900 10/01/27   1,725 1,838,974
Sr. Unsec’d. Notes 5.000 01/15/29   325 361,493
Sr. Unsec’d. Notes 7.500 02/01/30   225 288,124
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 % 10/01/25   1,075  $1,097,038
Sr. Unsec’d. Notes, 144A 5.750 02/01/29   275 280,214
Sr. Unsec’d. Notes, 144A 6.000 02/01/31   275 282,410
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,658 1,701,053
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A 5.875 02/01/29   575 591,722
Gtd. Notes, 144A 7.125 02/01/27   1,802 1,893,352
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 01/15/26   975 950,895
Gtd. Notes, 144A 7.500 01/15/28   1,325 1,269,915
     
 
Nabors Industries, Inc.,
Gtd. Notes(aa) 		5.750 02/01/25   1,400 1,330,884
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 3.000 02/15/27   338 338,004
Sr. Unsec’d. Notes 4.500 07/15/44   150 151,445
Sr. Unsec’d. Notes 5.500 12/01/25   50 54,973
Sr. Unsec’d. Notes 5.550 03/15/26   75 82,798
Sr. Unsec’d. Notes 6.125 01/01/31   1,120 1,339,892
Sr. Unsec’d. Notes 6.450 09/15/36   1,000 1,274,380
Sr. Unsec’d. Notes 7.150 05/15/28   900 1,063,080
Sr. Unsec’d. Notes 8.875 07/15/30   200 271,233
Ovintiv, Inc.,          
Gtd. Notes 6.500 08/15/34   800 1,074,926
Gtd. Notes 6.500 02/01/38   450 609,075
Gtd. Notes 6.625 08/15/37   200 271,519
     
 
Parkland Corp. (Canada),
Gtd. Notes, 144A 		4.500 10/01/29   525 528,420
Precision Drilling Corp. (Canada),          
Gtd. Notes, 144A 6.875 01/15/29   275 284,889
Gtd. Notes, 144A 7.125 01/15/26   2,560 2,633,539
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   425 444,167
Gtd. Notes 5.000 03/15/23   1,523 1,565,334
Southwestern Energy Co.,          
Gtd. Notes 5.375 03/15/30   1,900 2,004,911
Gtd. Notes, 144A 5.375 02/01/29   125 131,604
Sunoco LP/Sunoco Finance Corp.,          
Gtd. Notes 4.500 05/15/29   905 917,751
Gtd. Notes 6.000 04/15/27   775 811,996
Gtd. Notes, 144A 4.500 04/30/30   700 706,105
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Transocean, Inc.,          
Gtd. Notes, 144A 7.500 % 01/15/26   1,625  $1,309,890
Gtd. Notes, 144A 8.000 02/01/27   225 172,030
     
 
Vine Energy Holdings LLC,
Gtd. Notes, 144A 		6.750 04/15/29   725 779,553
          49,984,340
Packaging & Containers 1.5%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% 		6.500 06/30/27   1,500 1,571,081
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc., 		         
Sr. Sec’d. Notes, 144A 4.125 08/15/26   475 484,619
Sr. Unsec’d. Notes, 144A 5.250 08/15/27   1,075 1,072,453
     
 
Graham Packaging Co., Inc.,
Gtd. Notes, 144A 		7.125 08/15/28   960 987,645
Intelligent Packaging Holdco Issuer LP (Canada),
Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% 		9.000 01/15/26   300 315,808
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A 		6.000 09/15/28   1,184 1,219,117
LABL, Inc.,          
Sr. Sec’d. Notes, 144A 5.875 11/01/28   425 428,418
Sr. Unsec’d. Notes, 144A 8.250 11/01/29   425 417,703
Owens-Brockway Glass Container, Inc.,          
Gtd. Notes, 144A 6.375 08/15/25   500 548,797
Gtd. Notes, 144A(aa) 6.625 05/13/27   975 1,041,211
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 10/15/28   625 617,130
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Group Issuer LLC,
Sr. Sec’d. Notes, 144A 		4.000 10/15/27   50 48,910
          8,752,892
Pharmaceuticals 2.9%
180 Medical, Inc. (United Kingdom),
Gtd. Notes, 144A 		3.875 10/15/29   200 201,253
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pharmaceuticals (cont’d.)
AdaptHealth LLC,          
Gtd. Notes, 144A 4.625 % 08/01/29   1,000  $990,412
Gtd. Notes, 144A 5.125 03/01/30   325 326,839
Gtd. Notes, 144A 6.125 08/01/28   670 710,605
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A 		8.500 01/31/27   1,100 1,170,540
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   1,000 925,910
Gtd. Notes, 144A 5.000 02/15/29   700 642,076
Gtd. Notes, 144A(aa) 5.250 01/30/30   1,850 1,671,683
Gtd. Notes, 144A(aa) 5.250 02/15/31   2,985 2,687,545
Gtd. Notes, 144A 6.125 04/15/25   1,178 1,200,657
Gtd. Notes, 144A 6.250 02/15/29   2,360 2,286,232
Gtd. Notes, 144A(aa) 7.000 01/15/28   725 734,877
     
 
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc.,
Sr. Sec’d. Notes, 144A 		6.125 04/01/29   575 566,336
Jazz Securities DAC,
Sr. Sec’d. Notes, 144A 		4.375 01/15/29   400 411,482
Organon & Co./Organon Foreign Debt Co-Issuer BV,
Sr. Unsec’d. Notes, 144A 		5.125 04/30/31   600 618,843
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   1,025 1,053,028
Prestige Brands, Inc.,
Gtd. Notes, 144A 		3.750 04/01/31   550 531,697
          16,730,015
Pipelines 5.1%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes, 144A 5.375 06/15/29   975 1,019,896
Gtd. Notes, 144A(aa) 5.750 01/15/28   2,425 2,537,686
     
 
Cheniere Energy Partners LP,
Gtd. Notes, 144A 		4.000 03/01/31   1,175 1,222,684
Cheniere Energy, Inc.,
Sr. Sec’d. Notes(aa) 		4.625 10/15/28   3,250 3,412,317
CNX Midstream Partners LP,
Gtd. Notes, 144A 		4.750 04/15/30   200 200,259
DCP Midstream Operating LP,          
Gtd. Notes(aa) 5.125 05/15/29   1,375 1,560,252
Gtd. Notes 5.625 07/15/27   510 582,169
     
 
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
     
Energy Transfer LP,
Jr. Sub. Notes, Series G(aa) 		7.125 %(ff) 05/15/30(oo)   1,075  $1,123,634
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes 4.750 07/15/23   85 89,488
Sr. Unsec’d. Notes 5.500 07/15/28   50 55,103
Sr. Unsec’d. Notes, 144A(aa) 6.000 07/01/25   955 1,040,207
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,275 1,418,758
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.875 01/15/29   375 388,476
Gtd. Notes(aa) 7.000 08/01/27   750 781,271
     
 
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.875 04/15/40   2,050 2,324,398
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp., 		         
Gtd. Notes, 144A(aa) 5.500 01/15/28   2,054 2,060,950
Gtd. Notes, 144A 6.000 12/31/30   925 925,497
Gtd. Notes, 144A 7.500 10/01/25   200 216,276
Targa Resources Partners LP/Targa Resources Partners
Finance Corp., 		         
Gtd. Notes 5.000 01/15/28   200 210,360
Gtd. Notes(aa) 5.375 02/01/27   1,575 1,630,196
Gtd. Notes 5.500 03/01/30   150 164,929
Gtd. Notes(aa) 6.500 07/15/27   1,000 1,075,012
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   760 774,092
Sr. Sec’d. Notes, 144A 4.125 08/15/31   310 321,109
Western Midstream Operating LP,          
Sr. Unsec’d. Notes 3.950 06/01/25   600 632,194
Sr. Unsec’d. Notes 4.000 07/01/22   250 252,607
Sr. Unsec’d. Notes 4.350(cc) 02/01/25   75 78,725
Sr. Unsec’d. Notes(aa) 5.300(cc) 02/01/30   2,375 2,603,037
Sr. Unsec’d. Notes 5.450 04/01/44   50 58,720
Sr. Unsec’d. Notes 5.500 08/15/48   75 88,673
          28,848,975
Real Estate 1.4%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A 		7.875 11/15/25   2,200 2,292,396
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A 		5.750 12/01/25   2,000 2,034,652
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 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   1,025  $1,026,791
Gtd. Notes, 144A 4.375 02/01/31   675 674,984
Gtd. Notes, 144A 5.375 08/01/28   340 357,393
     
 
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A 		5.250 04/15/29   1,700 1,674,554
          8,060,770
Real Estate Investment Trusts (REITs) 4.1%
Diversified Healthcare Trust,          
Gtd. Notes 4.375 03/01/31   611 593,863
Gtd. Notes(aa) 9.750 06/15/25   2,500 2,715,681
Sr. Unsec’d. Notes 4.750 02/15/28   1,125 1,121,655
MGM Growth Properties Operating Partnership LP/MGP
Finance Co-Issuer, Inc., 		         
Gtd. Notes 4.500 01/15/28   2,000 2,185,033
Gtd. Notes, 144A 4.625 06/15/25   245 263,708
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 3.500 03/15/31   150 151,280
Gtd. Notes(aa) 5.000 10/15/27   2,325 2,446,924
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer, 		         
Sr. Sec’d. Notes, 144A(aa) 5.875 10/01/28   900 944,931
Sr. Sec’d. Notes, 144A(aa) 7.500 06/01/25   1,940 2,060,783
     
 
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A 		4.500 02/15/29   325 323,061
SBA Communications Corp.,          
Sr. Unsec’d. Notes 3.875 02/15/27   500 515,416
Sr. Unsec’d. Notes, 144A 3.125 02/01/29   450 432,094
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL
Capital LLC, 		         
Gtd. Notes, 144A 7.125 12/15/24   1,695 1,737,965
Sr. Sec’d. Notes, 144A(aa) 7.875 02/15/25   4,610 4,853,275
     
 
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC,
Sr. Sec’d. Notes, 144A 		4.750 04/15/28   550 552,499
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A 3.750 02/15/27   340 349,395
Gtd. Notes, 144A(aa) 4.250 12/01/26   1,235 1,279,884
Gtd. Notes, 144A(aa) 4.625 12/01/29   1,000 1,067,905
          23,595,352
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail 3.6%
1011778 BC ULC/New Red Finance, Inc. (Canada),          
Sec’d. Notes, 144A 4.000 % 10/15/30   3,250  $3,152,816
Sr. Sec’d. Notes, 144A 3.500 02/15/29   325 314,931
Sr. Sec’d. Notes, 144A 3.875 01/15/28   488 486,806
Ambience Merger Sub, Inc.,          
Gtd. Notes, 144A 7.125 07/15/29   1,050 1,011,701
Sr. Sec’d. Notes, 144A 4.875 07/15/28   125 122,682
Brinker International, Inc.,          
Gtd. Notes, 144A(aa) 5.000 10/01/24   1,250 1,324,078
Sr. Unsec’d. Notes 3.875 05/15/23   125 128,546
     
 
Carrols Restaurant Group, Inc.,
Gtd. Notes, 144A 		5.875 07/01/29   950 869,641
eG Global Finance PLC (United Kingdom),
Sr. Sec’d. Notes, 144A 		8.500 10/30/25   1,450 1,510,578
Foundation Building Materials, Inc.,
Gtd. Notes, 144A 		6.000 03/01/29   800 774,622
Gap, Inc. (The),          
Gtd. Notes, 144A 3.625 10/01/29   225 220,669
Gtd. Notes, 144A 3.875 10/01/31   650 637,694
     
 
Golden Nugget, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 10/15/24   2,004 2,011,370
LBM Acquisition LLC,
Gtd. Notes, 144A 		6.250 01/15/29   775 752,261
LCM Investments Holdings II LLC,
Sr. Unsec’d. Notes, 144A 		4.875 05/01/29   675 693,041
Park River Holdings, Inc.,
Gtd. Notes, 144A 		5.625 02/01/29   1,925 1,801,964
Sally Holdings LLC/Sally Capital, Inc.,          
Gtd. Notes(aa) 5.625 12/01/25   1,900 1,941,201
Sec’d. Notes, 144A 8.750 04/30/25   300 322,140
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 		         
Sr. Unsec’d. Notes 5.875 03/01/27   675 701,720
Sr. Unsec’d. Notes, 144A 5.000 06/01/31   575 589,375
     
 
Superior Plus LP/Superior General Partner, Inc. (Canada),
Gtd. Notes, 144A 		4.500 03/15/29   600 613,206
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 10/15/28   450 465,236
          20,446,278
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Semiconductors 0.3%
Microchip Technology, Inc.,
Gtd. Notes 		4.250 % 09/01/25   430  $447,104
NXP BV/NXP Funding LLC (China),
Gtd. Notes, 144A(aa) 		3.875 09/01/22   1,090 1,118,207
          1,565,311
Software 1.5%
Black Knight InfoServ LLC,
Gtd. Notes, 144A 		3.625 09/01/28   1,643 1,636,735
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc.,
Gtd. Notes, 144A 		5.750 03/01/25   2,000 2,017,298
Clarivate Science Holdings Corp.,          
Sr. Sec’d. Notes, 144A 3.875 07/01/28   895 884,837
Sr. Unsec’d. Notes, 144A 4.875 07/01/29   320 318,558
     
 
Dun & Bradstreet Corp. (The),
Gtd. Notes, 144A(aa) 		10.250 02/15/27   2,375 2,548,001
Rackspace Technology Global, Inc.,
Sr. Sec’d. Notes, 144A 		3.500 02/15/28   625 595,556
ROBLOX Corp.,
Sr. Unsec’d. Notes, 144A 		3.875 05/01/30   350 348,734
          8,349,719
Telecommunications 6.6%
Altice France SA (France),
Sr. Sec’d. Notes, 144A 		5.125 07/15/29   550 535,582
CommScope Technologies LLC,
Gtd. Notes, 144A 		6.000 06/15/25   2,000 1,978,744
CommScope, Inc.,
Sr. Sec’d. Notes, 144A 		6.000 03/01/26   960 994,351
Digicel International Finance Ltd./Digicel International
Holdings Ltd. (Jamaica), 		         
Sr. Sec’d. Notes, 144A 8.750 05/25/24   1,050 1,092,001
Sr. Sec’d. Notes, 144A 8.750 05/25/24   525 545,063
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A 		6.750 03/01/23   7,168 6,932,139
Iliad Holding SAS (France),          
Sr. Sec’d. Notes, 144A 6.500 10/15/26   1,525 1,571,315
Sr. Sec’d. Notes, 144A 7.000 10/15/28   875 901,330
Intelsat Jackson Holdings SA (Luxembourg),          
Gtd. Notes 5.500 08/01/23(d)   2,160 1,090,357
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
Intelsat Jackson Holdings SA (Luxembourg), (cont’d.)          
Gtd. Notes, 144A 9.750 % 07/15/25(d)   4,135   $2,132,274
     
 
Intrado Corp.,
Gtd. Notes, 144A(aa) 		8.500 10/15/25   1,209 1,192,730
Level 3 Financing, Inc.,
Gtd. Notes, 144A 		3.750 07/15/29   400 378,139
Lumen Technologies, Inc.,          
Sr. Unsec’d. Notes(aa) 5.625 04/01/25   1,830 1,968,047
Sr. Unsec’d. Notes, Series T(aa) 5.800 03/15/22   1,150 1,165,587
Sr. Unsec’d. Notes, Series U 7.650 03/15/42   1,930 2,131,483
Sprint Capital Corp.,          
Gtd. Notes(aa) 6.875 11/15/28   700 884,979
Gtd. Notes 8.750 03/15/32   706 1,053,822
Sprint Corp.,          
Gtd. Notes 7.125 06/15/24   250 282,449
Gtd. Notes(aa) 7.625 02/15/25   2,725 3,169,968
Gtd. Notes(aa) 7.875 09/15/23   1,794 1,991,555
     
 
Switch Ltd.,
Gtd. Notes, 144A 		4.125 06/15/29   375 377,678
Viasat, Inc.,          
Sr. Sec’d. Notes, 144A 5.625 04/15/27   325 338,013
Sr. Unsec’d. Notes, 144A(aa) 5.625 09/15/25   2,400 2,432,226
Sr. Unsec’d. Notes, 144A 6.500 07/15/28   420 441,398
     
 
Viavi Solutions, Inc.,
Gtd. Notes, 144A 		3.750 10/01/29   200 198,566
Zayo Group Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 4.000 03/01/27   120 116,523
Sr. Unsec’d. Notes, 144A 6.125 03/01/28   1,475 1,441,189
          37,337,508
Toys/Games/Hobbies 0.1%
Mattel, Inc.,          
Gtd. Notes, 144A 3.375 04/01/26   275 283,507
Gtd. Notes, 144A 3.750 04/01/29   275 285,742
          569,249
Transportation 0.2%
XPO Logistics, Inc.,
Gtd. Notes, 144A 		6.250 05/01/25   1,330 1,401,212
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Trucking & Leasing 0.2%
Fortress Transportation & Infrastructure Investors LLC,
Sr. Unsec’d. Notes, 144A 		5.500 % 05/01/28   875  $877,514
     
 
Total Corporate Bonds
(cost $622,643,475) 		634,370,527
    
      Shares  
Common Stocks 3.9%
Electric Utilities 0.3%
GenOn Energy Holdings, Inc. (Class A Stock) (original cost $984,219; purchased 02/28/19)*^(f)       9,187 1,286,180
Keycon Power Holdings LLC^       2,600 366,600
          1,652,780
Gas Utilities 0.7%
Ferrellgas Partners LP (Class B Stock)       15,475 3,984,812
Hotels, Restaurants & Leisure 0.1%
CEC Entertainment, Inc.*       22,321 398,062
Oil, Gas & Consumable Fuels 2.8%
Chesapeake Energy Corp.       168,307 10,727,888
Chesapeake Energy Corp. Backstop Commitment       1,644 104,789
Extraction Oil & Gas, Inc.*       80,502 5,363,848
          16,196,525
     
 
Total Common Stocks
(cost $7,571,428) 		22,232,179
Preferred Stock 0.8%
Gas Utilities 
Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^
(cost $4,001,250) 		      4,125 4,125,000
    
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description     Units Value
Warrants* 0.0%
Chemicals 0.0%
TPC Group, Inc., expiring 08/01/24^       1,436,166  $6,750
Oil, Gas & Consumable Fuels 0.0%
Athabasca Oil Corp. (Canada), expiring 11/01/26       2,000 123
     
 
Total Warrants
(cost $0) 		6,873
 
Total Long-Term Investments
(cost $691,138,714) 		718,112,332
    
      Shares  
Short-Term Investment 3.0%
Affiliated Mutual Fund           
PGIM Core Ultra Short Bond Fund
(cost $17,169,249)(wb) 		    17,169,249 17,169,249
 
TOTAL INVESTMENTS 129.3%
(cost $708,307,963) 		735,281,581
Liabilities in excess of other assets(z) (29.3)% (166,400,310)
 
Net Assets 100.0% $568,881,271
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  EUR—Euro
  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
  iBoxx—Bond Market Indices
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  OTC—Over-the-counter
  PIK—Payment-in-Kind
  Q—Quarterly payment frequency for swaps
  REITs—Real Estate Investment Trust
  T—Swap payment upon termination
    
* Non-income producing security.
# Principal or notional amount is shown in U.S. dollars unless otherwise stated.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $6,089,390 and 1.1% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $222,228,315 segregated as collateral for amount of $181,000,000 borrowed and outstanding as of October 31, 2021.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2021.
33
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
(cc) Variable rate instrument. The rate shown is based on the latest available information as of October 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $1,317,400. The aggregate value of $1,523,699 is 0.3% of net assets.
(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.
(oo) Perpetual security. Maturity date represents next call date.
(p) Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end.
(wb) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Unfunded loan commitment outstanding at October 31, 2021:
Borrower   Principal
Amount
(000)# 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
Intelsat Jackson Holdings SA, DIP Term Loan, 3 Month LIBOR + 3.600%, 3.600%(c), Maturity Date 07/13/22 (cost $107,997)    109   $109,931   $1,934   $—
Forward foreign currency exchange contracts outstanding at October 31, 2021:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 11/02/21   Barclays Bank PLC   EUR 285    $330,662    $329,405    $—    $(1,257)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 11/02/21   HSBC Bank PLC   EUR 285    $334,009    $329,405    $4,604    $—
Expiring 12/02/21   Barclays Bank PLC   EUR 285   330,850   329,608   1,242   —
              $664,859   $659,013   5,846   —
                      $5,846   $(1,257)
34
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Credit default swap agreement outstanding at October 31, 2021:
Reference
Entity/
Obligation 		  Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied
Credit
Spread at
October 31,
2021(4) 		  Fair
Value 		  Upfront
Premiums
Paid
(Received) 		  Unrealized
Appreciation
(Depreciation) 		  Counterparty
OTC Credit Default Swap Agreement on corporate and/or sovereign issues - Sell Protection(2):
EQT Corp.   06/20/22   5.000%(Q)     450   1.068%    $14,059    $10,340    $3,719   Credit Suisse International
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.
(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.
   
35
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Total return swap agreements outstanding at October 31, 2021:
Reference Entity   Financing
Rate 		  Counterparty   Termination
Date 		  Long (Short)
Notional
Amount
(000)#(1) 		  Fair
Value 		  Upfront
Premiums
Paid
(Received) 		  Unrealized
Appreciation
(Depreciation)(2)
OTC Total Return Swap Agreement:
iBoxx USD Liquid High Yield Index(T)   3 Month LIBOR(Q)   Goldman Sachs International   12/20/21   23,000   $117,845   $—   $117,845
(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.
(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).
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).
36