NPORT-EX 2 PI72650PRU043022.htm
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 118.4%
Bank Loans 5.4%
Airlines 0.3%
United Airlines, Inc.,
Class B Term Loan, 3 Month LIBOR + 3.750% 		4.500 %(c) 04/21/28   1,529  $1,514,644
Electric 0.2%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000% 		7.000(c) 07/30/26   2,009 1,090,514
Engineering & Construction 0.0%
Landry’s Finance Acquisition Co.,
2020 Initial Term Loan, 1 Month LIBOR + 12.000%^ 		13.000(c) 10/04/23   60 64,024
Housewares 0.2%
SWF Holdings I Corp.,
Initial Term Loan, 1 Month LIBOR + 4.000% 		4.750(c) 10/06/28   1,015 936,972
Insurance 0.3%
Asurion LLC,
New B-4 Term Loan, 1 Month LIBOR + 5.250% 		6.014(c) 01/20/29   1,750 1,694,766
Media 0.1%
Diamond Sports Group LLC,          
Second Lien Term Loan, Term SOFR + 3.250% 3.656(c) 08/24/26   218 71,413
Term Loan, Term SOFR + 8.000% 9.000(c) 05/25/26   357 364,201
          435,614
Oil & Gas 0.9%
Ascent Resources Utica Holdings LLC,
Second Lien Term Loan, 3 Month LIBOR + 9.000% 		10.021(c) 11/01/25   3,340 3,565,450
Citgo Holding, Inc.,
Term Loan, 1 Month LIBOR + 7.000% 		7.764(c) 08/01/23   141 138,955
Citgo Petroleum Corp.,
2019 Incremental Term B Loan, 1 Month LIBOR + 6.250% 		7.014(c) 03/28/24   774 770,994
          4,475,399
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Pharmaceuticals 0.2%
Change Healthcare Holdings LLC,
Closing Date Term Loan, 1 - 3 Month LIBOR + 2.500% 		3.500 %(c) 03/01/24   948  $946,101
Retail 0.3%
EG America LLC (United Kingdom),
Project Becker Additional Facility, 3 Month LIBOR + 4.250% 		5.246(c) 03/31/26   341 333,319
Great Outdoors Group LLC,
Term B-2 Loan, 1 Month LIBOR + 3.750% 		4.514(c) 03/06/28   1,210 1,196,124
          1,529,443
Software 1.9%
Boxer Parent Co., Inc.,          
2021 Replacement Dollar Term Loan, 1 Month LIBOR + 3.750% 4.514(c) 10/02/25   224 220,677
Second Lien Incremental Term Loan, 1 Month LIBOR + 5.500% 6.264(c) 02/27/26   350 344,575
     
 
Camelot Co. (Luxembourg),
Amendment No. 2 Incremental Term Loans, 1 Month LIBOR + 3.000% 		4.000(c) 10/30/26   760 753,532
Dun & Bradstreet Corp.,
Term Loan B, 1 Month LIBOR + 3.250% 		3.918(c) 02/06/26   1,362 1,351,465
Finastra USA, Inc.,          
Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% 8.489(c) 06/13/25   1,025 985,281
First Lien Dollar Term Loan, 3 Month LIBOR + 3.500% 4.739(c) 06/13/24   2,242 2,174,684
     
 
Greeneden U.S. Holdings II LLC,
B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% 		4.757(c) 12/01/27   494 491,744
Skillsoft Finance II, Inc.,
Initial Term Loan, 3 Month LIBOR + 4.750% 		6.187(c) 07/14/28   1,820 1,802,745
TIBCO Software, Inc.,
Term Loan B-3, 1 Month LIBOR + 3.750% 		4.520(c) 06/30/26   1,348 1,341,936
          9,466,639
Telecommunications 1.0%
West Corp.,
Initial Term B Loan, 1 - 3 Month LIBOR + 3.500% 		5.000(c) 10/10/24   3,446 3,218,611
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Telecommunications (cont’d.)
Xplornet Communications, Inc. (Canada),          
Refinancing Term Loan, 1 Month LIBOR + 4.000% 4.764 %(c) 10/02/28   1,507  $1,477,351
Second Lien Initial Term Loan, 1 Month LIBOR + 7.000%^ 7.764(c) 10/01/29   270 266,625
          4,962,587
     
 
Total Bank Loans
(cost $28,044,463) 		27,116,703
Corporate Bonds 108.9%
Advertising 0.5%
National CineMedia LLC,
Sr. Unsec’d. Notes 		5.750 08/15/26   250 178,573
Terrier Media Buyer, Inc.,
Gtd. Notes, 144A 		8.875 12/15/27   2,530 2,474,088
          2,652,661
Aerospace & Defense 3.6%
Boeing Co. (The),          
Sr. Unsec’d. Notes(aa) 5.805 05/01/50   2,650 2,651,524
Sr. Unsec’d. Notes 5.930 05/01/60   750 745,194
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 6.000 02/15/28   1,050 912,960
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   875 810,684
Sr. Unsec’d. Notes, 144A 7.500 12/01/24   1,580 1,577,346
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   1,776 1,728,142
Sr. Unsec’d. Notes, 144A 7.875 04/15/27   4,215 3,927,573
     
 
Maxar Space Robotics LLC,
Sr. Sec’d. Notes, 144A 		9.750 12/31/23   794 846,584
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A 		7.500 04/15/25   1,200 1,218,730
TransDigm UK Holdings PLC,
Gtd. Notes 		6.875 05/15/26   200 199,221
TransDigm, Inc.,          
Gtd. Notes 4.625 01/15/29   700 604,849
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Aerospace & Defense (cont’d.)
TransDigm, Inc., (cont’d.)          
Gtd. Notes(aa) 5.500 % 11/15/27   2,525  $2,315,730
Sr. Sec’d. Notes, 144A 6.250 03/15/26   600 600,767
          18,139,304
Agriculture 0.2%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 02/01/29   1,350 1,188,203
Airlines 1.2%
American Airlines, Inc.,
Sr. Sec’d. Notes, 144A 		11.750 07/15/25   250 288,084
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,          
Sr. Sec’d. Notes, 144A 5.500 04/20/26   1,450 1,437,107
Sr. Sec’d. Notes, 144A 5.750 04/20/29   1,550 1,495,431
     
 
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 01/20/26   775 756,407
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   1,080 1,040,687
Sr. Sec’d. Notes, 144A 4.625 04/15/29   830 762,590
          5,780,306
Apparel 0.2%
Kontoor Brands, Inc.,
Gtd. Notes, 144A 		4.125 11/15/29   275 240,360
Wolverine World Wide, Inc.,
Gtd. Notes, 144A 		4.000 08/15/29   1,125 956,738
          1,197,098
Auto Manufacturers 2.1%
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 06/01/29   969 955,516
Ford Motor Co.,          
Sr. Unsec’d. Notes 3.250 02/12/32   725 588,683
Sr. Unsec’d. Notes(aa) 4.750 01/15/43   3,925 3,160,891
Sr. Unsec’d. Notes(aa) 5.291 12/08/46   3,300 2,836,908
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Manufacturers (cont’d.)
Ford Motor Co., (cont’d.)          
Sr. Unsec’d. Notes 7.400 % 11/01/46   200  $215,515
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 4.000 11/13/30   400 346,680
Sr. Unsec’d. Notes 5.584 03/18/24   310 313,251
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Gtd. Notes, 144A 		7.750 10/15/25   1,000 1,021,324
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A 		9.500 10/01/28   1,325 1,265,403
          10,704,171
Auto Parts & Equipment 1.9%
Adient Global Holdings Ltd.,
Gtd. Notes, 144A 		4.875 08/15/26   2,725 2,432,322
American Axle & Manufacturing, Inc.,          
Gtd. Notes 5.000 10/01/29   1,800 1,550,999
Gtd. Notes(aa) 6.250 03/15/26   371 358,174
Gtd. Notes(aa) 6.500 04/01/27   1,000 935,509
Gtd. Notes 6.875 07/01/28   406 382,226
     
 
Cooper-Standard Automotive, Inc.,
Gtd. Notes, 144A 		5.625 11/15/26   1,090 510,421
Dana Financing Luxembourg Sarl,
Gtd. Notes, 144A 		5.750 04/15/25   500 497,429
Dana, Inc.,          
Sr. Unsec’d. Notes 4.250 09/01/30   250 214,861
Sr. Unsec’d. Notes 4.500 02/15/32   600 496,520
Sr. Unsec’d. Notes 5.375 11/15/27   200 189,243
Sr. Unsec’d. Notes 5.625 06/15/28   600 572,544
Tenneco, Inc.,          
Sr. Sec’d. Notes, 144A 5.125 04/15/29   475 462,693
Sr. Sec’d. Notes, 144A 7.875 01/15/29   125 126,241
     
 
Titan International, Inc.,
Sr. Sec’d. Notes 		7.000 04/30/28   700 686,360
          9,415,542
Banks 0.7%
Citigroup, Inc.,
Jr. Sub. Notes 		3.875(ff) 02/18/26(oo)   625 568,625
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks (cont’d.)
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 % 05/01/26   700  $636,896
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,425 2,483,758
          3,689,279
Building Materials 2.1%
Cornerstone Building Brands, Inc.,
Gtd. Notes, 144A 		6.125 01/15/29   1,100 916,162
Eco Material Technologies, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 01/31/27   400 387,056
Griffon Corp.,
Gtd. Notes 		5.750 03/01/28   1,380 1,232,052
JELD-WEN, Inc.,
Gtd. Notes, 144A 		4.625 12/15/25   701 662,994
Masonite International Corp.,          
Gtd. Notes, 144A 3.500 02/15/30   375 317,909
Gtd. Notes, 144A 5.375 02/01/28   180 172,659
     
 
MIWD Holdco II LLC/MIWD Finance Corp.,
Gtd. Notes, 144A 		5.500 02/01/30   625 544,637
SRM Escrow Issuer LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,550 1,488,617
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 3.375 01/15/31   625 497,215
Sr. Unsec’d. Notes, 144A(aa) 4.375 07/15/30   1,375 1,149,077
Sr. Unsec’d. Notes, 144A(aa) 4.750 01/15/28   1,500 1,381,108
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   320 303,564
     
 
Summit Materials LLC/Summit Materials Finance Corp.,
Gtd. Notes, 144A(aa) 		6.500 03/15/27   1,400 1,396,908
          10,449,958
Chemicals 4.2%
Ashland LLC,
Gtd. Notes(aa) 		6.875 05/15/43   2,125 2,383,128
ASP Unifrax Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 5.250 09/30/28   375 330,711
Sr. Unsec’d. Notes, 144A 7.500 09/30/29   225 184,303
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
Chemours Co. (The),          
Gtd. Notes, 144A 4.625 % 11/15/29   1,490  $1,290,355
Gtd. Notes, 144A 5.750 11/15/28   1,305 1,228,518
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A 		6.750 08/15/24   1,820 1,645,486
Diamond BC BV,
Gtd. Notes, 144A 		4.625 10/01/29   580 499,438
EverArc Escrow Sarl,
Sr. Sec’d. Notes, 144A 		5.000 10/30/29   820 718,335
Ingevity Corp.,
Gtd. Notes, 144A 		3.875 11/01/28   275 248,229
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		4.875 06/01/24   1,100 1,084,375
Olympus Water US Holding Corp.,          
Sr. Sec’d. Notes, 144A 4.250 10/01/28   625 554,912
Sr. Unsec’d. Notes, 144A 6.250 10/01/29   350 292,683
     
 
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   1,590 1,535,304
SCIH Salt Holdings, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 05/01/29   275 219,822
SPCM SA (France),
Sr. Unsec’d. Notes, 144A 		3.375 03/15/30   450 385,970
TPC Group, Inc.,          
Sr. Sec’d. Notes, 144A (original cost $1,968,531; purchased 07/19/19 - 08/21/20)(f) 10.500 08/01/24   2,050 686,802
Sr. Sec’d. Notes, 144A (original cost $495,261; purchased 02/01/21)(f) 10.875 08/01/24   505 514,020
     
 
Tronox, Inc.,
Gtd. Notes, 144A(aa) 		4.625 03/15/29   2,200 1,963,500
Valvoline, Inc.,          
Gtd. Notes, 144A 4.250 02/15/30   460 399,820
Sr. Unsec’d. Notes, 144A 3.625 06/15/31   600 487,422
Venator Finance Sarl/Venator Materials LLC,          
Gtd. Notes, 144A 5.750 07/15/25   2,577 2,112,936
Sr. Sec’d. Notes, 144A 9.500 07/01/25   1,040 1,080,452
WR Grace Holdings LLC,          
Sr. Sec’d. Notes, 144A 4.875 06/15/27   600 564,016
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
WR Grace Holdings LLC, (cont’d.)          
Sr. Sec’d. Notes, 144A 5.625 % 10/01/24   100  $100,705
Sr. Unsec’d. Notes, 144A 5.625 08/15/29   450 386,491
          20,897,733
Coal 0.1%
Coronado Finance Pty Ltd. (Australia),
Sr. Sec’d. Notes, 144A 		10.750 05/15/26   450 483,596
Commercial Services 5.7%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A 		5.500 03/01/28   459 421,138
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 07/15/26   430 415,599
Sr. Unsec’d. Notes, 144A 6.000 06/01/29   950 786,132
Sr. Unsec’d. Notes, 144A 9.750 07/15/27   2,900 2,816,841
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 Sarl, 		         
Sr. Sec’d. Notes, 144A 4.625 06/01/28   860 761,534
Sr. Sec’d. Notes, 144A 4.625 06/01/28   1,065 943,454
     
 
Alta Equipment Group, Inc.,
Sec’d. Notes, 144A 		5.625 04/15/26   500 464,658
AMN Healthcare, Inc.,          
Gtd. Notes, 144A 4.000 04/15/29   725 656,355
Gtd. Notes, 144A 4.625 10/01/27   400 384,301
     
 
APi Escrow Corp.,
Gtd. Notes, 144A 		4.750 10/15/29   325 296,897
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.,
Gtd. Notes, 144A 		4.750 04/01/28   1,295 1,208,071
Avis Budget Finance PLC,
Gtd. Notes 		4.750 01/30/26 EUR 275 287,960
Brink’s Co. (The),          
Gtd. Notes, 144A 4.625 10/15/27   375 355,374
Gtd. Notes, 144A(aa) 5.500 07/15/25   200 200,752
     
 
Carriage Services, Inc.,
Gtd. Notes, 144A 		4.250 05/15/29   325 285,201
Gartner, Inc.,          
Gtd. Notes, 144A 3.625 06/15/29   425 383,721
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Gartner, Inc., (cont’d.)          
Gtd. Notes, 144A 3.750 % 10/01/30   325   $290,740
     
 
Herc Holdings, Inc.,
Gtd. Notes, 144A 		5.500 07/15/27   441 432,048
Hertz Corp. (The),          
Gtd. Notes, 144A 4.625 12/01/26   275 251,169
Gtd. Notes, 144A 5.000 12/01/29   525 459,577
     
 
Metis Merger Sub LLC,
Sr. Unsec’d. Notes, 144A 		6.500 05/15/29   1,925 1,674,723
MPH Acquisition Holdings LLC,
Sr. Sec’d. Notes, 144A 		5.500 09/01/28   1,300 1,202,973
NESCO Holdings II, Inc.,
Sec’d. Notes, 144A 		5.500 04/15/29   900 847,845
Service Corp. International,
Sr. Unsec’d. Notes 		4.000 05/15/31   1,350 1,219,490
United Rentals North America, Inc.,          
Gtd. Notes 3.750 01/15/32   575 500,803
Gtd. Notes 4.000 07/15/30   150 134,251
Gtd. Notes(aa) 4.875 01/15/28   5,770 5,615,884
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A 		9.750 08/15/26   4,895 5,041,850
          28,339,341
Computers 0.7%
CA Magnum Holdings (India),
Sr. Sec’d. Notes, 144A 		5.375 10/31/26   225 215,555
Condor Merger Sub, Inc.,
Sr. Unsec’d. Notes, 144A 		7.375 02/15/30   655 585,995
NCR Corp.,          
Gtd. Notes, 144A 5.000 10/01/28   550 524,541
Gtd. Notes, 144A 5.125 04/15/29   425 402,127
Gtd. Notes, 144A 5.250 10/01/30   350 328,777
Gtd. Notes, 144A(aa) 5.750 09/01/27   1,000 966,013
     
 
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.750 06/01/25   375 377,453
          3,400,461
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Distribution/Wholesale 0.6%
Avient Corp.,
Sr. Unsec’d. Notes, 144A 		5.750 % 05/15/25   870  $878,343
H&E Equipment Services, Inc.,
Gtd. Notes, 144A 		3.875 12/15/28   2,300 2,002,788
          2,881,131
Diversified Financial Services 4.5%
Bread Financial Holdings, Inc.,
Gtd. Notes, 144A 		4.750 12/15/24   1,075 1,045,548
goeasy Ltd. (Canada),          
Gtd. Notes, 144A 4.375 05/01/26   525 490,835
Gtd. Notes, 144A 5.375 12/01/24   500 489,888
     
 
Home Point Capital, Inc.,
Gtd. Notes, 144A 		5.000 02/01/26   675 534,816
Jefferies Finance LLC/JFIN Co-Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		5.000 08/15/28   1,275 1,161,822
LD Holdings Group LLC,
Gtd. Notes, 144A 		6.125 04/01/28   1,100 830,742
LFS Topco LLC,
Gtd. Notes, 144A 		5.875 10/15/26   875 812,843
LPL Holdings, Inc.,          
Gtd. Notes, 144A 4.000 03/15/29   1,375 1,252,507
Gtd. Notes, 144A 4.375 05/15/31   100 91,511
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 12/15/30   850 739,825
Gtd. Notes, 144A(aa) 5.500 08/15/28   2,645 2,415,922
Gtd. Notes, 144A(aa) 6.000 01/15/27   1,725 1,674,869
     
 
Navient Corp.,
Sr. Unsec’d. Notes 		5.500 03/15/29   875 771,857
OneMain Finance Corp.,          
Gtd. Notes 3.875 09/15/28   400 339,858
Gtd. Notes 4.000 09/15/30   1,025 838,850
Gtd. Notes 6.625 01/15/28   125 123,576
Gtd. Notes(aa) 6.875 03/15/25   750 757,298
Gtd. Notes(aa) 7.125 03/15/26   5,498 5,596,169
PennyMac Financial Services, Inc.,          
Gtd. Notes, 144A 4.250 02/15/29   575 463,299
Gtd. Notes, 144A 5.375 10/15/25   800 760,321
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
VistaJet Malta Finance PLC/XO Management Holding,
Inc. (Switzerland), 		         
Sr. Unsec’d. Notes, 144A 6.375 % 02/01/30   750  $656,986
Sr. Unsec’d. Notes, 144A 7.875 05/01/27   550 517,937
          22,367,279
Electric 5.3%
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   1,350 1,180,012
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   1,975 1,684,884
Sr. Unsec’d. Notes, 144A(aa) 5.125 03/15/28   5,950 5,405,005
     
 
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders,
Sub. Notes, 144A, Cash coupon 13.000% or PIK N/A 		13.000 06/01/24   353 211,903
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,975 2,904,900
Gtd. Notes, 144A 3.375 02/15/29   200 171,144
Gtd. Notes, 144A 3.625 02/15/31   600 500,832
Gtd. Notes, 144A 3.875 02/15/32   575 480,252
Gtd. Notes, 144A 5.250 06/15/29   800 756,934
PG&E Corp.,          
Sr. Sec’d. Notes(aa) 5.000 07/01/28   1,625 1,496,092
Sr. Sec’d. Notes(aa) 5.250 07/01/30   2,135 1,944,884
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   550 535,330
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   1,200 1,207,405
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 4.375 05/01/29   500 455,084
Gtd. Notes, 144A(aa) 5.000 07/31/27   1,100 1,055,576
Gtd. Notes, 144A(aa) 5.625 02/15/27   6,700 6,608,671
          26,598,908
Electrical Components & Equipment 0.5%
Energizer Holdings, Inc.,          
Gtd. Notes, 144A 4.375 03/31/29   200 166,466
Gtd. Notes, 144A 4.750 06/15/28   350 307,060
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electrical Components & Equipment (cont’d.)
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 % 06/15/25   650  $674,854
Gtd. Notes, 144A(aa) 7.250 06/15/28   1,130 1,174,319
          2,322,699
Electronics 0.3%
Likewize Corp.,
Sr. Sec’d. Notes, 144A 		9.750 10/15/25   1,315 1,278,888
Sensata Technologies, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   260 220,061
          1,498,949
Engineering & Construction 0.4%
AECOM,
Gtd. Notes(aa) 		5.125 03/15/27   555 548,863
Artera Services LLC,
Sr. Sec’d. Notes, 144A 		9.033 12/04/25   700 662,469
TopBuild Corp.,          
Gtd. Notes, 144A 3.625 03/15/29   500 435,696
Gtd. Notes, 144A 4.125 02/15/32   425 367,532
          2,014,560
Entertainment 3.4%
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% 		10.000 06/15/26   533 445,903
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   1,635 1,653,454
Sr. Unsec’d. Notes, 144A 4.625 10/15/29   800 690,693
     
 
Caesars Resort Collection LLC/CRC Finco, Inc.,
Sr. Sec’d. Notes, 144A 		5.750 07/01/25   425 433,806
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   275 274,333
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC,
Gtd. Notes 		6.500 10/01/28   300 302,098
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
     
Everi Holdings, Inc.,
Gtd. Notes, 144A 		5.000 % 07/15/29   250  $226,709
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		7.625 04/15/26   2,275 2,334,777
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 4.125 04/15/26   500 469,878
Sr. Sec’d. Notes, 144A(aa) 6.500 02/15/25   1,610 1,637,565
     
 
Jacobs Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 02/15/29   525 518,676
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		4.875 05/01/29   825 728,660
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A 		6.625 11/15/27   1,419 1,306,435
Penn National Gaming, Inc.,          
Sr. Unsec’d. Notes, 144A 4.125 07/01/29   675 572,239
Sr. Unsec’d. Notes, 144A 5.625 01/15/27   1,980 1,896,822
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp., 		         
Gtd. Notes, 144A 5.625 09/01/29   575 458,933
Gtd. Notes, 144A 5.875 09/01/31   1,225 950,555
     
 
Scientific Games Holdings LP/Scientific Games US FinCo, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 03/01/30   475 451,250
Scientific Games International, Inc.,
Gtd. Notes, 144A 		8.625 07/01/25   800 840,000
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,          
Gtd. Notes, 144A(aa) 5.125 10/01/29   860 753,573
Sr. Unsec’d. Notes, 144A 7.750 04/15/25   275 283,526
          17,229,885
Environmental Control 0.2%
GFL Environmental, Inc. (Canada),          
Gtd. Notes, 144A 4.000 08/01/28   275 242,365
Gtd. Notes, 144A 4.375 08/15/29   575 509,484
     
 
Madison IAQ LLC,
Sr. Unsec’d. Notes, 144A 		5.875 06/30/29   100 81,523
          833,372
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods 4.5%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A(aa) 		3.500 % 03/15/29   1,560  $1,313,186
B&G Foods, Inc.,
Gtd. Notes(aa) 		5.250 09/15/27   1,850 1,694,207
C&S Group Enterprises LLC,
Gtd. Notes, 144A 		5.000 12/15/28   875 748,116
Chobani LLC/Chobani Finance Corp., Inc.,          
Gtd. Notes, 144A 7.500 04/15/25   1,225 1,152,937
Sr. Sec’d. Notes, 144A 4.625 11/15/28   475 427,449
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes, 144A 3.750 12/01/31   525 462,198
Gtd. Notes, 144A 6.500 04/15/29   1,025 1,060,382
Sr. Unsec’d. Notes, 144A 5.500 01/15/30   900 890,115
Kraft Heinz Foods Co.,          
Gtd. Notes(aa) 4.375 06/01/46   1,775 1,555,564
Gtd. Notes 4.875 10/01/49   1,075 1,000,286
Gtd. Notes 5.000 07/15/35   235 234,106
Gtd. Notes 5.000 06/04/42   450 432,486
Gtd. Notes 5.200 07/15/45   300 292,770
Gtd. Notes(aa) 5.500 06/01/50   1,450 1,465,339
Lamb Weston Holdings, Inc.,          
Gtd. Notes, 144A 4.125 01/31/30   725 646,646
Gtd. Notes, 144A 4.375 01/31/32   725 650,908
     
 
Market Bidco Finco PLC (United Kingdom),
Sr. Sec’d. Notes, 144A 		5.500 11/04/27 GBP 650 727,435
Pilgrim’s Pride Corp.,          
Gtd. Notes, 144A 3.500 03/01/32   375 317,846
Gtd. Notes, 144A(aa) 5.875 09/30/27   4,800 4,833,496
Post Holdings, Inc.,          
Gtd. Notes, 144A 4.625 04/15/30   1,025 876,612
Gtd. Notes, 144A 5.500 12/15/29   225 204,505
Sr. Unsec’d. Notes, 144A(aa) 4.500 09/15/31   2,050 1,709,698
          22,696,287
Gas 1.3%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes(aa) 5.500 05/20/25   600 590,660
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Gas (cont’d.)
AmeriGas Partners LP/AmeriGas Finance Corp., (cont’d.)          
Sr. Unsec’d. Notes 5.625 % 05/20/24   200  $201,074
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   3,250 3,191,471
Sr. Unsec’d. Notes(aa) 5.875 08/20/26   575 568,131
     
 
Ferrellgas Escrow LLC,
Sr. Sec’d. Notes^ 		8.956 03/30/31   2,125 2,125,000
          6,676,336
Healthcare-Products 0.9%
Mozart Debt Merger Sub, Inc.,          
Sr. Sec’d. Notes, 144A(aa) 3.875 04/01/29   2,750 2,404,339
Sr. Unsec’d. Notes, 144A(aa) 5.250 10/01/29   2,450 2,131,230
          4,535,569
Healthcare-Services 3.7%
Catalent Pharma Solutions, Inc.,
Gtd. Notes, 144A 		3.500 04/01/30   250 217,944
CHS/Community Health Systems, Inc.,
Sr. Sec’d. Notes, 144A 		5.250 05/15/30   525 460,585
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,400 1,140,658
Gtd. Notes, 144A(aa) 4.625 06/01/30   3,250 2,833,322
     
 
HCA, Inc.,
Gtd. Notes 		5.875 02/01/29   100 104,189
LifePoint Health, Inc.,
Gtd. Notes, 144A 		5.375 01/15/29   775 662,628
MEDNAX, Inc.,
Gtd. Notes, 144A 		5.375 02/15/30   450 421,797
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A 		7.250 11/01/25   1,225 1,228,063
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A 		9.750 12/01/26   3,400 3,492,265
Tenet Healthcare Corp.,          
Gtd. Notes, 144A 6.125 10/01/28   825 791,508
Sr. Sec’d. Notes, 144A(aa) 4.250 06/01/29   1,800 1,629,740
Sr. Sec’d. Notes, 144A 4.375 01/15/30   1,850 1,683,485
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
Tenet Healthcare Corp., (cont’d.)          
Sr. Unsec’d. Notes(aa) 6.750 % 06/15/23   1,425  $1,466,574
Sr. Unsec’d. Notes(aa) 6.875 11/15/31   2,200 2,279,407
          18,412,165
Home Builders 5.7%
Ashton Woods USA LLC/Ashton Woods Finance Co.,          
Sr. Unsec’d. Notes, 144A 4.625 08/01/29   825 694,270
Sr. Unsec’d. Notes, 144A 4.625 04/01/30   625 511,069
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,100 1,010,240
Gtd. Notes(aa) 7.250 10/15/29   2,850 2,716,793
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC (Canada), 		         
Gtd. Notes, 144A 4.875 02/15/30   1,875 1,564,381
Gtd. Notes, 144A(aa) 6.250 09/15/27   815 764,299
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   400 353,439
Century Communities, Inc.,          
Gtd. Notes(aa) 6.750 06/01/27   1,725 1,743,351
Gtd. Notes, 144A 3.875 08/15/29   150 126,498
Forestar Group, Inc.,          
Gtd. Notes, 144A 3.850 05/15/26   450 404,725
Gtd. Notes, 144A(aa) 5.000 03/01/28   950 857,711
KB Home,          
Gtd. Notes 4.000 06/15/31   500 427,459
Gtd. Notes 4.800 11/15/29   575 520,524
Gtd. Notes(aa) 6.875 06/15/27   1,650 1,711,976
     
 
Lennar Corp.,
Gtd. Notes(aa) 		5.000 06/15/27   1,250 1,268,640
M/I Homes, Inc.,          
Gtd. Notes 3.950 02/15/30   375 310,363
Gtd. Notes 4.950 02/01/28   425 391,628
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.625 03/01/30   1,158 988,194
Sr. Unsec’d. Notes, 144A(aa) 5.250 12/15/27   1,075 1,005,293
     
 
Meritage Homes Corp.,
Gtd. Notes(aa) 		5.125 06/06/27   2,523 2,486,388
Shea Homes LP/Shea Homes Funding Corp.,          
Sr. Unsec’d. Notes, 144A 4.750 02/15/28   1,293 1,152,559
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
Shea Homes LP/Shea Homes Funding Corp., (cont’d.)          
Sr. Unsec’d. Notes, 144A 4.750 % 04/01/29   475   $413,994
     
 
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A 		7.500 02/15/26   925 882,141
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.875 06/15/27   375 372,306
Gtd. Notes, 144A(aa) 6.625 07/15/27   2,800 2,815,122
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   480 439,200
     
 
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,
Gtd. Notes, 144A(aa) 		5.625 03/01/24   1,873 1,883,300
Tri Pointe Homes, Inc.,
Gtd. Notes 		5.700 06/15/28   915 878,680
          28,694,543
Home Furnishings 0.0%
Tempur Sealy International, Inc.,
Gtd. Notes, 144A 		4.000 04/15/29   200 173,493
Household Products/Wares 0.4%
ACCO Brands Corp.,
Gtd. Notes, 144A 		4.250 03/15/29   1,075 939,809
Central Garden & Pet Co.,
Gtd. Notes, 144A 		4.125 04/30/31   100 85,795
Kronos Acquisition Holdings, Inc./KIK Custom Products,
Inc. (Canada), 		         
Gtd. Notes, 144A 7.000 12/31/27   800 636,531
Sr. Sec’d. Notes, 144A 5.000 12/31/26   175 156,524
Spectrum Brands, Inc.,          
Gtd. Notes, 144A 3.875 03/15/31   200 168,303
Gtd. Notes, 144A 5.000 10/01/29   250 232,624
          2,219,586
Housewares 0.6%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 4.000 04/01/31   750 617,283
Gtd. Notes 4.375 02/01/32   350 292,862
Gtd. Notes 4.500 10/15/29   1,125 996,862
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Housewares (cont’d.)
     
 
SWF Escrow Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		6.500 % 10/01/29   1,675  $1,296,400
          3,203,407
Insurance 0.3%
Acrisure LLC/Acrisure Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		6.000 08/01/29   365 318,851
AmWINS Group, Inc.,
Sr. Unsec’d. Notes, 144A 		4.875 06/30/29   400 365,937
BroadStreet Partners, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 04/15/29   875 760,093
          1,444,881
Internet 1.4%
Cablevision Lightpath LLC,          
Sr. Sec’d. Notes, 144A 3.875 09/15/27   1,925 1,695,511
Sr. Unsec’d. Notes, 144A 5.625 09/15/28   825 708,351
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,          
Gtd. Notes, 144A 3.500 03/01/29   525 466,475
Gtd. Notes, 144A 5.250 12/01/27   1,365 1,349,897
     
 
NortonLifeLock, Inc.,
Sr. Unsec’d. Notes, 144A 		5.000 04/15/25   3,000 2,998,459
          7,218,693
Iron/Steel 0.5%
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A 		6.625 01/31/29   1,359 1,389,899
Commercial Metals Co.,          
Sr. Unsec’d. Notes 4.125 01/15/30   300 272,890
Sr. Unsec’d. Notes 4.375 03/15/32   300 268,019
     
 
TMS International Corp.,
Sr. Unsec’d. Notes, 144A 		6.250 04/15/29   175 151,213
United States Steel Corp.,
Sr. Unsec’d. Notes 		6.875 03/01/29   345 350,890
          2,432,911
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Leisure Time 0.2%
Viking Cruises Ltd.,
Gtd. Notes, 144A 		5.875 % 09/15/27   350  $297,177
Viking Ocean Cruises Ship VII Ltd.,
Sr. Sec’d. Notes, 144A 		5.625 02/15/29   200 177,255
Vista Outdoor, Inc.,
Gtd. Notes, 144A 		4.500 03/15/29   675 606,379
          1,080,811
Lodging 1.8%
Boyd Gaming Corp.,          
Gtd. Notes, 144A 4.750 06/15/31   375 339,723
Gtd. Notes, 144A 8.625 06/01/25   226 235,884
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes, 144A 3.625 02/15/32   900 763,234
Gtd. Notes, 144A 3.750 05/01/29   225 204,509
Gtd. Notes, 144A 4.000 05/01/31   275 246,759
MGM Resorts International,          
Gtd. Notes 4.625 09/01/26   275 259,035
Gtd. Notes(aa) 4.750 10/15/28   400 367,518
Gtd. Notes(aa) 5.500 04/15/27   1,061 1,030,105
Gtd. Notes 5.750 06/15/25   50 49,642
Gtd. Notes(aa) 6.750 05/01/25   2,025 2,074,774
     
 
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.875 05/15/25   625 612,542
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.125 12/15/29   1,325 1,046,663
Sr. Unsec’d. Notes, 144A 5.625 08/26/28   1,900 1,525,429
          8,755,817
Machinery-Construction & Mining 0.1%
Terex Corp.,
Gtd. Notes, 144A 		5.000 05/15/29   725 666,508
Machinery-Diversified 0.6%
GrafTech Finance, Inc.,
Sr. Sec’d. Notes, 144A 		4.625 12/15/28   700 642,811
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Machinery-Diversified (cont’d.)
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A(aa) 		10.125 % 08/01/24   1,815  $1,795,235
TK Elevator Holdco GmbH (Germany),
Gtd. Notes, 144A 		7.625 07/15/28   200 192,460
TK Elevator US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A 		5.250 07/15/27   625 586,223
          3,216,729
Media 9.1%
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes 4.500 05/01/32   1,850 1,558,801
Sr. Unsec’d. Notes, 144A(aa) 4.250 02/01/31   5,600 4,726,731
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   700 573,658
Sr. Unsec’d. Notes, 144A(aa) 4.750 03/01/30   2,900 2,589,059
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   1,000 952,691
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   250 250,625
CSC Holdings LLC,          
Gtd. Notes, 144A 3.375 02/15/31   1,175 917,144
Gtd. Notes, 144A(aa) 4.125 12/01/30   775 641,087
Gtd. Notes, 144A 5.500 04/15/27   200 193,203
Gtd. Notes, 144A 6.500 02/01/29   1,200 1,146,371
Sr. Unsec’d. Notes, 144A 4.625 12/01/30   4,875 3,728,205
Sr. Unsec’d. Notes, 144A(aa) 5.750 01/15/30   2,550 2,116,149
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A 6.625 08/15/27   6,595 1,380,037
Sec’d. Notes, 144A 5.375 08/15/26   3,085 1,126,308
DISH DBS Corp.,          
Gtd. Notes 5.125 06/01/29   1,840 1,436,864
Gtd. Notes 5.875 11/15/24   90 87,681
Gtd. Notes 7.375 07/01/28   750 660,875
Gtd. Notes 7.750 07/01/26   5,180 4,945,659
Gray Television, Inc.,          
Gtd. Notes, 144A 5.875 07/15/26   200 201,754
Gtd. Notes, 144A 7.000 05/15/27   1,625 1,682,960
iHeartCommunications, Inc.,          
Gtd. Notes(aa) 8.375 05/01/27   2,870 2,840,927
Sr. Sec’d. Notes 6.375 05/01/26   395 395,881
     
 
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
     
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 % 08/15/27   550  $537,225
News Corp.,
Sr. Unsec’d. Notes, 144A 		3.875 05/15/29   325 292,608
Nexstar Media, Inc.,          
Gtd. Notes, 144A 4.750 11/01/28   775 705,625
Gtd. Notes, 144A 5.625 07/15/27   1,500 1,460,512
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 09/15/26   610 562,867
Sr. Unsec’d. Notes, 144A 6.500 09/15/28   1,700 1,486,458
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 05/01/29   400 359,089
Sr. Sec’d. Notes, 144A(aa) 5.125 02/15/25   2,300 2,270,715
Sr. Sec’d. Notes, 144A(aa) 6.625 06/01/27   2,135 2,147,933
     
 
VZ Secured Financing BV (Netherlands),
Sr. Sec’d. Notes, 144A 		5.000 01/15/32   1,600 1,397,577
          45,373,279
Metal Fabricate/Hardware 0.1%
Roller Bearing Co. of America, Inc.,
Sr. Unsec’d. Notes, 144A 		4.375 10/15/29   525 474,457
Mining 2.5%
Eldorado Gold Corp. (Turkey),
Sr. Unsec’d. Notes, 144A 		6.250 09/01/29   1,550 1,499,349
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.500 03/01/24   500 501,472
Gtd. Notes, 144A 7.250 04/01/23   294 294,284
Gtd. Notes, 144A 7.500 04/01/25   3,305 3,351,613
     
 
FMG Resources August 2006 Pty Ltd. (Australia),
Sr. Unsec’d. Notes, 144A 		6.125 04/15/32   625 620,936
Hecla Mining Co.,
Gtd. Notes(aa) 		7.250 02/15/28   1,075 1,086,091
Hudbay Minerals, Inc. (Canada),          
Gtd. Notes, 144A 4.500 04/01/26   900 830,343
Gtd. Notes, 144A 6.125 04/01/29   1,195 1,132,688
New Gold, Inc. (Canada),          
Gtd. Notes, 144A 6.375 05/15/25   755 767,326
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mining (cont’d.)
New Gold, Inc. (Canada), (cont’d.)          
Gtd. Notes, 144A 7.500 % 07/15/27   1,220  $1,219,800
Novelis Corp.,          
Gtd. Notes, 144A 3.875 08/15/31   800 684,286
Gtd. Notes, 144A 4.750 01/30/30   275 252,750
          12,240,938
Miscellaneous Manufacturing 0.4%
Amsted Industries, Inc.,          
Gtd. Notes, 144A(aa) 5.625 07/01/27   1,075 1,069,633
Sr. Unsec’d. Notes, 144A(aa) 4.625 05/15/30   785 726,896
          1,796,529
Office/Business Equipment 0.1%
CDW LLC/CDW Finance Corp.,
Gtd. Notes 		3.250 02/15/29   710 614,732
Oil & Gas 7.9%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A 		8.250 02/15/26   975 1,006,945
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes^ 		7.875 12/15/24(d)   5,325 36,210
Antero Resources Corp.,          
Gtd. Notes, 144A 5.375 03/01/30   825 807,121
Gtd. Notes, 144A 7.625 02/01/29   979 1,036,719
Gtd. Notes, 144A 8.375 07/15/26   162 174,670
     
 
Apache Corp.,
Sr. Unsec’d. Notes 		5.350 07/01/49   115 101,423
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Gtd. Notes, 144A 7.000 11/01/26   25 25,184
Gtd. Notes, 144A 9.000 11/01/27   252 350,644
     
 
Athabasca Oil Corp. (Canada),
Sec’d. Notes, 144A 		9.750 11/01/26   2,000 2,121,091
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   375 372,025
Gtd. Notes, 144A 5.875 02/01/29   400 396,423
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Chesapeake Energy Corp., (cont’d.)          
Gtd. Notes, 144A 6.750 % 04/15/29   725   $729,704
     
 
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A 		9.250 08/01/24   78 77,501
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A 		7.000 06/15/25   1,175 1,167,618
CNX Resources Corp.,
Gtd. Notes, 144A(aa) 		7.250 03/14/27   1,550 1,583,655
Comstock Resources, Inc.,          
Gtd. Notes, 144A 5.875 01/15/30   600 577,956
Gtd. Notes, 144A 6.750 03/01/29   975 985,370
CrownRock LP/CrownRock Finance, Inc.,          
Sr. Unsec’d. Notes, 144A 5.000 05/01/29   500 489,500
Sr. Unsec’d. Notes, 144A 5.625 10/15/25   575 574,972
Endeavor Energy Resources LP/EER Finance, Inc.,          
Sr. Unsec’d. Notes, 144A(aa) 5.750 01/30/28   975 977,507
Sr. Unsec’d. Notes, 144A 6.625 07/15/25   300 308,310
EQT Corp.,          
Sr. Unsec’d. Notes 3.900 10/01/27   600 575,559
Sr. Unsec’d. Notes 5.000 01/15/29   250 248,413
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 02/01/29   275 269,670
Sr. Unsec’d. Notes, 144A 6.000 04/15/30   600 591,773
Sr. Unsec’d. Notes, 144A 6.000 02/01/31   275 265,523
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,658 1,652,380
Sr. Unsec’d. Notes, 144A 6.250 04/15/32   750 731,608
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A 5.875 02/01/29   575 564,336
Gtd. Notes, 144A 7.125 02/01/27   1,802 1,829,921
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 01/15/26   975 954,123
Gtd. Notes, 144A 7.500 01/15/28   1,325 1,274,913
Nabors Industries, Inc.,          
Gtd. Notes 5.750 02/01/25   1,400 1,339,152
Gtd. Notes, 144A 7.375 05/15/27   50 51,072
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 5.550 03/15/26   75 76,857
Sr. Unsec’d. Notes 6.125 01/01/31   745 784,150
Sr. Unsec’d. Notes 6.450 09/15/36   1,000 1,084,372
Sr. Unsec’d. Notes 7.150 05/15/28   900 963,411
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Occidental Petroleum Corp., (cont’d.)          
Sr. Unsec’d. Notes 8.875 % 07/15/30   200  $240,250
Parkland Corp. (Canada),          
Gtd. Notes, 144A 4.500 10/01/29   525 460,225
Gtd. Notes, 144A 4.625 05/01/30   625 547,513
Precision Drilling Corp. (Canada),          
Gtd. Notes, 144A 6.875 01/15/29   275 266,782
Gtd. Notes, 144A(aa) 7.125 01/15/26   2,160 2,163,673
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   425 422,255
Gtd. Notes 5.000 03/15/23   1,523 1,526,468
Gtd. Notes, 144A 4.750 02/15/30   275 262,235
Southwestern Energy Co.,          
Gtd. Notes 4.750 02/01/32   650 614,939
Gtd. Notes 5.375 02/01/29   125 123,517
Gtd. Notes(aa) 5.375 03/15/30   1,900 1,876,558
Sunoco LP/Sunoco Finance Corp.,          
Gtd. Notes 4.500 05/15/29   905 815,437
Gtd. Notes 6.000 04/15/27   775 781,267
Gtd. Notes, 144A 4.500 04/30/30   700 631,260
Transocean, Inc.,          
Gtd. Notes, 144A 7.500 01/15/26   1,625 1,334,083
Gtd. Notes, 144A 8.000 02/01/27   100 79,785
          39,304,028
Packaging & Containers 1.7%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% 		6.500 06/30/27   1,066 903,552
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc., 		         
Sr. Sec’d. Notes, 144A 4.125 08/15/26   475 440,608
Sr. Unsec’d. Notes, 144A 5.250 08/15/27   675 579,886
     
 
Graham Packaging Co., Inc.,
Gtd. Notes, 144A 		7.125 08/15/28   1,360 1,226,520
Intelligent Packaging Holdco Issuer LP (Canada),
Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% 		9.000 01/15/26   300 291,438
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Packaging & Containers (cont’d.)
     
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A 		6.000 % 09/15/28   1,184  $1,120,853
LABL, Inc.,          
Sr. Sec’d. Notes, 144A 5.875 11/01/28   425 389,077
Sr. Sec’d. Notes, 144A 6.750 07/15/26   250 240,586
Sr. Unsec’d. Notes, 144A 8.250 11/01/29   1,275 1,059,709
Sr. Unsec’d. Notes, 144A 10.500 07/15/27   150 144,784
     
 
OI European Group BV,
Gtd. Notes, 144A 		4.750 02/15/30   400 355,061
Owens-Brockway Glass Container, Inc.,          
Gtd. Notes, 144A 6.375 08/15/25   500 503,380
Gtd. Notes, 144A 6.625 05/13/27   305 303,026
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 10/15/28   625 551,263
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC,
Sr. Sec’d. Notes, 144A 		4.000 10/15/27   50 43,559
TriMas Corp.,
Gtd. Notes, 144A 		4.125 04/15/29   325 291,570
          8,444,872
Pharmaceuticals 3.3%
AdaptHealth LLC,          
Gtd. Notes, 144A 4.625 08/01/29   1,225 1,043,659
Gtd. Notes, 144A 5.125 03/01/30   325 279,645
Gtd. Notes, 144A 6.125 08/01/28   670 635,883
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A 		8.500 01/31/27   1,100 1,041,431
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   1,225 905,104
Gtd. Notes, 144A 5.000 02/15/29   950 668,375
Gtd. Notes, 144A(aa) 5.250 01/30/30   2,325 1,613,376
Gtd. Notes, 144A(aa) 5.250 02/15/31   2,635 1,830,950
Gtd. Notes, 144A 6.125 04/15/25   1,178 1,181,115
Gtd. Notes, 144A 6.250 02/15/29   2,960 2,157,763
Gtd. Notes, 144A 7.000 01/15/28   500 410,526
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pharmaceuticals (cont’d.)
Embecta Corp.,          
Sr. Sec’d. Notes, 144A 5.000 % 02/15/30   750  $679,192
Sr. Sec’d. Notes, 144A 6.750 02/15/30   225 217,813
     
 
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc.,
Sr. Sec’d. Notes, 144A 		6.125 04/01/29   325 282,796
Jazz Securities DAC,
Sr. Sec’d. Notes, 144A 		4.375 01/15/29   1,075 994,028
Organon & Co./Organon Foreign Debt Co-Issuer BV,          
Sr. Sec’d. Notes, 144A 4.125 04/30/28   450 418,011
Sr. Unsec’d. Notes, 144A 5.125 04/30/31   1,100 994,875
     
 
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   1,025 909,889
Prestige Brands, Inc.,
Gtd. Notes, 144A 		3.750 04/01/31   550 466,795
          16,731,226
Pipelines 4.7%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes, 144A 5.375 06/15/29   975 916,392
Gtd. Notes, 144A(aa) 5.750 01/15/28   2,425 2,354,561
     
 
Cheniere Energy Partners LP,
Gtd. Notes 		4.000 03/01/31   1,575 1,426,100
Cheniere Energy, Inc.,
Sr. Sec’d. Notes(aa) 		4.625 10/15/28   3,250 3,158,494
CNX Midstream Partners LP,
Gtd. Notes, 144A 		4.750 04/15/30   200 183,117
DCP Midstream Operating LP,          
Gtd. Notes(aa) 5.125 05/15/29   1,375 1,353,193
Gtd. Notes 5.625 07/15/27   510 518,206
     
 
Energy Transfer LP,
Jr. Sub. Notes, Series G(aa) 		7.125(ff) 05/15/30(oo)   1,075 1,014,841
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes 4.750 07/15/23   85 84,688
Sr. Unsec’d. Notes 5.500 07/15/28   50 47,763
Sr. Unsec’d. Notes, 144A(aa) 6.000 07/01/25   955 948,687
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,275 1,286,292
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.875 01/15/29   375 363,171
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
Global Partners LP/GLP Finance Corp., (cont’d.)          
Gtd. Notes(aa) 7.000 % 08/01/27   750   $736,079
     
 
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.875 04/15/40   2,050 1,955,620
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp., 		         
Gtd. Notes, 144A(aa) 5.500 01/15/28   2,054 1,917,364
Gtd. Notes, 144A 6.000 12/31/30   925 851,151
Gtd. Notes, 144A 7.500 10/01/25   200 203,964
     
 
Targa Resources Partners LP/Targa Resources Partners Finance Corp.,
Gtd. Notes 		5.000 01/15/28   200 196,808
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   985 899,430
Sr. Sec’d. Notes, 144A 4.125 08/15/31   385 351,214
Western Midstream Operating LP,          
Sr. Unsec’d. Notes 3.600(cc) 02/01/25   50 47,832
Sr. Unsec’d. Notes 3.950 06/01/25   600 582,818
Sr. Unsec’d. Notes(aa) 4.550(cc) 02/01/30   2,375 2,188,096
Sr. Unsec’d. Notes 5.450 04/01/44   50 45,887
Sr. Unsec’d. Notes 5.500 08/15/48   75 65,918
          23,697,686
Real Estate 1.8%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A(aa) 		7.875 11/15/25   2,200 2,187,340
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A(aa) 		5.750 12/01/25   2,000 2,011,241
Howard Hughes Corp. (The),          
Gtd. Notes, 144A 4.125 02/01/29   1,175 1,064,322
Gtd. Notes, 144A 4.375 02/01/31   675 600,018
Gtd. Notes, 144A 5.375 08/01/28   340 329,851
     
 
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A 		5.250 04/15/29   1,700 1,572,112
Realogy Group LLC/Realogy Co-Issuer Corp.,          
Gtd. Notes, 144A 5.250 04/15/30   1,050 850,825
Gtd. Notes, 144A 5.750 01/15/29   200 168,301
          8,784,010
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) 4.0%
Diversified Healthcare Trust,          
Gtd. Notes 4.375 % 03/01/31   611  $475,391
Gtd. Notes(aa) 9.750 06/15/25   2,500 2,619,865
Sr. Unsec’d. Notes 4.750 02/15/28   1,375 1,172,889
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 3.500 03/15/31   150 127,648
Gtd. Notes(aa) 5.000 10/15/27   2,325 2,230,750
     
 
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer,
Sr. Sec’d. Notes, 144A(aa) 		7.500 06/01/25   1,665 1,726,875
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A 		4.500 02/15/29   225 203,786
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC,
Sr. Sec’d. Notes, 144A 		7.875 02/15/25   6,650 6,791,153
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC,
Sr. Sec’d. Notes, 144A 		4.750 04/15/28   1,035 924,952
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A(aa) 4.250 12/01/26   635 603,266
Gtd. Notes, 144A 4.500 01/15/28   2,000 1,960,000
Gtd. Notes, 144A 4.625 06/15/25   245 240,558
Gtd. Notes, 144A(aa) 4.625 12/01/29   825 772,058
          19,849,191
Retail 4.7%
1011778 BC ULC/New Red Finance, Inc. (Canada),          
Sec’d. Notes, 144A 4.000 10/15/30   2,950 2,523,388
Sr. Sec’d. Notes, 144A 3.875 01/15/28   388 356,960
At Home Group, Inc.,          
Gtd. Notes, 144A 7.125 07/15/29   1,725 1,287,118
Sr. Sec’d. Notes, 144A 4.875 07/15/28   125 103,303
     
 
BCPE Ulysses Intermediate, Inc.,
Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% 		7.750 04/01/27   150 128,297
Brinker International, Inc.,          
Gtd. Notes, 144A(aa) 5.000 10/01/24   1,250 1,249,370
Sr. Unsec’d. Notes 3.875 05/15/23   125 124,567
     
 
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
     
Carrols Restaurant Group, Inc.,
Gtd. Notes, 144A 		5.875 % 07/01/29   950  $727,089
eG Global Finance PLC (United Kingdom),          
Sr. Sec’d. Notes 4.375 02/07/25 EUR 707 715,373
Sr. Sec’d. Notes 6.250 10/30/25 EUR 715 737,392
Sr. Sec’d. Notes, 144A 6.750 02/07/25   725 704,820
Sr. Sec’d. Notes, 144A 8.500 10/30/25   1,450 1,452,281
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc., 		         
Gtd. Notes, 144A 6.750 01/15/30   1,350 1,177,042
Sr. Sec’d. Notes, 144A 4.625 01/15/29   550 498,730
     
 
Foundation Building Materials, Inc.,
Gtd. Notes, 144A 		6.000 03/01/29   1,225 1,004,501
Gap, Inc. (The),          
Gtd. Notes, 144A 3.625 10/01/29   875 712,256
Gtd. Notes, 144A 3.875 10/01/31   800 640,126
     
 
LBM Acquisition LLC,
Gtd. Notes, 144A 		6.250 01/15/29   1,125 924,179
LCM Investments Holdings II LLC,
Sr. Unsec’d. Notes, 144A 		4.875 05/01/29   675 591,964
Park River Holdings, Inc.,
Gtd. Notes, 144A 		5.625 02/01/29   2,025 1,558,273
Patrick Industries, Inc.,          
Gtd. Notes, 144A 4.750 05/01/29   525 448,548
Gtd. Notes, 144A 7.500 10/15/27   825 834,414
Sally Holdings LLC/Sally Capital, Inc.,          
Gtd. Notes(aa) 5.625 12/01/25   900 902,384
Sec’d. Notes, 144A 8.750 04/30/25   300 314,563
     
 
SRS Distribution, Inc.,
Gtd. Notes, 144A 		6.000 12/01/29   600 525,000
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 		         
Sr. Unsec’d. Notes 5.875 03/01/27   550 548,969
Sr. Unsec’d. Notes, 144A 5.000 06/01/31   975 880,666
     
 
Superior Plus LP/Superior General Partner, Inc. (Canada),
Gtd. Notes, 144A 		4.500 03/15/29   1,250 1,141,733
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
     
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 % 10/15/28   700  $645,106
Yum! Brands, Inc.,
Sr. Unsec’d. Notes 		5.375 04/01/32   25 23,907
          23,482,319
Software 1.1%
Black Knight InfoServ LLC,
Gtd. Notes, 144A 		3.625 09/01/28   1,643 1,525,327
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc.,
Gtd. Notes, 144A(aa) 		5.750 03/01/25   2,000 1,996,088
Clarivate Science Holdings Corp.,
Sr. Sec’d. Notes, 144A 		3.875 07/01/28   1,075 957,246
Dun & Bradstreet Corp. (The),
Gtd. Notes, 144A 		5.000 12/15/29   250 232,363
Rackspace Technology Global, Inc.,
Sr. Sec’d. Notes, 144A 		3.500 02/15/28   625 540,884
          5,251,908
Telecommunications 6.8%
Altice France SA (France),
Sr. Sec’d. Notes, 144A 		8.125 02/01/27   1,155 1,163,317
CommScope Technologies LLC,
Gtd. Notes, 144A(aa) 		6.000 06/15/25   1,330 1,167,088
CommScope, Inc.,
Sr. Sec’d. Notes, 144A 		6.000 03/01/26   960 907,737
Digicel Group Holdings Ltd. (Jamaica),
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% 		8.000 04/01/25   1,015 848,788
Digicel International Finance Ltd./Digicel International
Holdings Ltd. (Jamaica), 		         
Sr. Sec’d. Notes, 144A 8.750 05/25/24   1,050 1,031,981
Sr. Sec’d. Notes, 144A 8.750 05/25/24   525 517,183
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A 		6.750 03/01/23   7,368 6,605,100
Iliad Holding SASU (France),          
Sr. Sec’d. Notes, 144A 6.500 10/15/26   1,525 1,468,532
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
Iliad Holding SASU (France), (cont’d.)          
Sr. Sec’d. Notes, 144A 7.000 % 10/15/28   875  $834,523
Intelsat Jackson Holdings SA (Luxembourg),          
Gtd. Notes^ 5.500 08/01/23(d)   2,160 2
Gtd. Notes, 144A^ 9.750 07/15/25(d)   4,135 4
Sr. Sec’d. Notes, 144A 6.500 03/15/30   2,365 2,228,509
Level 3 Financing, Inc.,          
Gtd. Notes, 144A 3.750 07/15/29   400 324,886
Gtd. Notes, 144A 4.250 07/01/28   2,055 1,738,628
Lumen Technologies, Inc.,          
Sr. Unsec’d. Notes(aa) 5.625 04/01/25   1,830 1,783,612
Sr. Unsec’d. Notes, Series U 7.650 03/15/42   1,055 936,337
     
 
Quebecor Media, Inc. (Canada),
Sr. Unsec’d. Notes 		5.750 01/15/23   1,500 1,518,301
Sprint Capital Corp.,          
Gtd. Notes(aa) 6.875 11/15/28   700 767,938
Gtd. Notes 8.750 03/15/32   706 897,316
Sprint Corp.,          
Gtd. Notes 7.125 06/15/24   250 262,997
Gtd. Notes(aa) 7.625 02/15/25   2,725 2,901,538
Gtd. Notes(aa) 7.875 09/15/23   1,794 1,883,498
     
 
Switch Ltd.,
Gtd. Notes, 144A 		4.125 06/15/29   375 358,957
Viasat, Inc.,          
Sr. Sec’d. Notes, 144A 5.625 04/15/27   70 64,994
Sr. Unsec’d. Notes, 144A(aa) 5.625 09/15/25   2,470 2,294,839
     
 
Viavi Solutions, Inc.,
Gtd. Notes, 144A 		3.750 10/01/29   200 179,843
Zayo Group Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 4.000 03/01/27   120 104,765
Sr. Unsec’d. Notes, 144A 6.125 03/01/28   1,475 1,236,927
          34,028,140
Toys/Games/Hobbies 0.1%
Mattel, Inc.,
Gtd. Notes, 144A 		3.375 04/01/26   275 267,462
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
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  $758,290
     
 
Total Corporate Bonds
(cost $594,845,511) 		544,611,239
    
      Shares  
Common Stocks 4.1%
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 3,327,125
Hotels, Restaurants & Leisure 0.1%
CEC Entertainment, Inc.*       22,321 445,036
Oil, Gas & Consumable Fuels 2.6%
Chesapeake Energy Corp.       140,307 11,507,980
Chesapeake Energy Corp. Backstop Commitment       1,644 134,841
Civitas Resources, Inc.       25,456 1,492,231
          13,135,052
Wireless Telecommunication Services 0.4%
Intelsat Emergence SA (Luxembourg)*       59,486 1,929,577
     
 
Total Common Stocks
(cost $7,986,513) 		20,489,570
    
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Description     Units Value
Rights* 0.0%
Diversified Telecommunication Services 
Intelsat Jackson Holdings SA, Series A (Luxembourg), expiring 12/05/25^       6,229  $11,874
Intelsat Jackson Holdings SA, Series B (Luxembourg), expiring 12/05/25^       6,229 2,189
     
 
Total Rights
(cost $0) 		14,063
Warrants* 0.0%
Chemicals 
TPC Group, Inc., expiring 08/01/24 (original cost $0; purchased 02/02/21)^(f)
(cost $0) 		      1,436,166 6,750
 
Total Long-Term Investments
(cost $630,876,487) 		592,238,325
    
      Shares  
Short-Term Investment 2.8%
Unaffiliated Fund           
Dreyfus Government Cash Management (Institutional Shares)
(cost $14,241,566) 		      14,241,566 14,241,566
 
TOTAL INVESTMENTS 121.2%
(cost $645,118,053) 		606,479,891
Liabilities in excess of other assets(z) (21.2)% (106,143,633)
 
Net Assets 100.0% $500,336,258
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  EUR—Euro
  GBP—British Pound
    
  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.
  CDX—Credit Derivative Index
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  OTC—Over-the-counter
  PIK—Payment-in-Kind
  Q—Quarterly payment frequency for swaps
33
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
  REITs—Real Estate Investment Trust
  SOFR—Secured Overnight Financing Rate
    
* 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 $4,165,458 and 0.8% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $155,075,582 segregated as collateral for amount of $120,000,000 borrowed and outstanding as of April 30, 2022.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2022.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(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 $3,448,011. The aggregate value of $2,493,752 is 0.5% 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.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Forward foreign currency exchange contracts outstanding at April 30, 2022:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 05/06/22   Bank of America, N.A.   EUR 1,618    $1,737,613    $1,707,498    $—    $(30,115)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 05/06/22   HSBC Bank PLC   EUR 1,618    $1,785,001    $1,707,498    $77,503    $—
Expiring 06/02/22   Bank of America, N.A.   EUR 1,618   1,739,640   1,709,654   29,986   —
              $3,524,641   $3,417,152   107,489   —
                      $107,489   $(30,115)
34
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
Credit default swap agreement outstanding at April 30, 2022:
Reference
Entity/
Obligation 		  Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied
Credit
Spread at
April 30,
2022(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   0.941%    $5,254    $2,238    $3,016   Credit Suisse International
    
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied Credit
Spread at
April 30,
2022(4) 		  Value at
Trade Date 		  Value at
April 30,
2022 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):
CDX.NA.HY.37.V1 12/20/26   5.000%(Q)     9,775   4.286%   $523,920   $325,581   $(198,339)
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
35
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2022
  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.
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