NPORT-EX 2 PI72650PRU043023.htm
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 124.0%
Asset-Backed Securities 9.0%
Collateralized Loan Obligations 
Atlas Static Senior Loan Fund Ltd. (Cayman Islands),
Series 2022-01A, Class A, 144A, 3 Month SOFR + 2.600% (Cap N/A, Floor 2.600%) 		7.586 %(c) 07/15/30   4,123  $4,131,405
Battalion CLO Ltd. (Cayman Islands),
Series 2015-08A, Class A1R2, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) 		6.332(c) 07/18/30   1,874 1,852,192
BlueMountain CLO Ltd. (Cayman Islands),
Series 2016-02A, Class A1R2, 144A, 3 Month LIBOR + 1.120% (Cap N/A, Floor 1.120%) 		6.035(c) 08/20/32   3,000 2,949,086
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands),
Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) 		6.230(c) 04/17/31   2,991 2,953,574
CIFC Funding Ltd. (Cayman Islands),
Series 2018-02A, Class A1, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 0.000%) 		6.290(c) 04/20/31   2,750 2,722,845
Guggenheim CLO STAT Ltd. (Cayman Islands),
Series 2022-01A, Class A1A, 144A, 3 Month SOFR + 2.590% (Cap N/A, Floor 2.590%) 		7.658(c) 10/25/31   1,904 1,913,021
KKR CLO Ltd. (Cayman Islands),
Series 11, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 1.180%) 		6.440(c) 01/15/31   1,934 1,915,390
KKR Static CLO Ltd. (Cayman Islands),
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%) 		6.738(c) 10/20/31   2,000 1,994,943
Madison Park Funding Ltd. (Cayman Islands),
Series 2015-18A, Class ARR, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.940%) 		6.201(c) 10/21/30   2,478 2,448,766
OFSI BSL Ltd. (Cayman Islands),
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) 		7.355(c) 01/20/35   2,250 2,253,363
Palmer Square Loan Funding Ltd. (Cayman Islands),
Series 2022-03A, Class A1A, 144A, 3 Month SOFR + 1.820% (Cap N/A, Floor 1.820%) 		6.806(c) 04/15/31   3,680 3,679,576
Shackleton CLO Ltd. (Cayman Islands),
Series 2017-11A, Class AR, 144A, 3 Month LIBOR + 1.090% (Cap N/A, Floor 0.000%) 		5.954(c) 08/15/30   2,597 2,570,279
Signal Peak CLO Ltd.,
Series 2018-05A, Class A, 144A, 3 Month LIBOR + 1.110% (Cap N/A, Floor 1.110%) 		6.365(c) 04/25/31   2,650 2,623,633
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Asset-Backed Securities (Continued)
Collateralized Loan Obligations (cont’d.)
TSTAT Ltd. (Bermuda),
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.370% (Cap N/A, Floor 2.370%) 		6.883 %(c) 01/20/31   2,250  $2,246,838
Voya CLO Ltd. (Cayman Islands),          
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) 6.299(c) 04/25/31   1,350 1,330,451
Series 2015-03A, Class A1R, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.452%) 6.500(c) 10/20/31   4,000 3,958,534
     
 
Total Asset-Backed Securities
(cost $41,341,300) 		41,543,896
Convertible Bond 0.0%
Telecommunications 
Digicel Group Holdings Ltd. (Jamaica),
Sub. Notes, 144A, Cash coupon 7.000% or PIK N/A (original cost $5,338; purchased 03/21/23 - 04/03/23)(f)
(cost $5,338) 		7.000 05/15/23(oo)   36 3,985
Corporate Bonds 107.8%
Advertising 0.4%
CMG Media Corp.,
Gtd. Notes, 144A(aa) 		8.875 12/15/27   2,565 1,988,086
Aerospace & Defense 3.6%
Boeing Co. (The),          
Sr. Unsec’d. Notes(aa) 5.805 05/01/50   2,650 2,644,202
Sr. Unsec’d. Notes 5.930 05/01/60   750 741,336
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 6.000 02/15/28   1,550 1,464,486
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   875 868,438
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   768 768,000
Sr. Unsec’d. Notes, 144A 7.500 02/01/29   1,350 1,324,688
Sr. Unsec’d. Notes, 144A(aa) 7.875 04/15/27   3,890 3,881,053
     
 
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A 		7.500 04/15/25   900 895,208
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Aerospace & Defense (cont’d.)
     
TransDigm UK Holdings PLC,
Gtd. Notes 		6.875 % 05/15/26   200  $200,750
TransDigm, Inc.,          
Gtd. Notes 4.625 01/15/29   600 543,222
Gtd. Notes(aa) 5.500 11/15/27   2,525 2,423,399
Sr. Sec’d. Notes, 144A 6.250 03/15/26   600 602,876
          16,357,658
Agriculture 0.3%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 02/01/29   1,350 1,208,537
Airlines 1.4%
American Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 7.250 02/15/28   350 340,353
Sr. Sec’d. Notes, 144A 11.750 07/15/25   725 798,494
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,          
Sr. Sec’d. Notes, 144A(aa) 5.500 04/20/26   1,450 1,424,625
Sr. Sec’d. Notes, 144A 5.750 04/20/29   1,425 1,350,187
     
 
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 01/20/26   675 628,918
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   1,080 1,031,327
Sr. Sec’d. Notes, 144A 4.625 04/15/29   830 751,150
          6,325,054
Apparel 0.5%
Hanesbrands, Inc.,
Gtd. Notes, 144A 		4.875 05/15/26   500 471,710
Kontoor Brands, Inc.,
Gtd. Notes, 144A 		4.125 11/15/29   275 233,628
Wolverine World Wide, Inc.,
Gtd. Notes, 144A 		4.000 08/15/29   1,825 1,516,146
          2,221,484
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Manufacturers 2.1%
Ford Motor Co.,          
Sr. Unsec’d. Notes 3.250 % 02/12/32   725  $560,567
Sr. Unsec’d. Notes(aa) 4.750 01/15/43   3,925 2,951,796
Sr. Unsec’d. Notes 5.291 12/08/46   2,200 1,775,184
Sr. Unsec’d. Notes 7.400 11/01/46   200 203,549
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 4.000 11/13/30   400 342,880
Sr. Unsec’d. Notes 5.584 03/18/24   310 307,898
Sr. Unsec’d. Notes 6.800 05/12/28   200 200,159
Sr. Unsec’d. Notes 6.950 03/06/26   375 377,720
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Gtd. Notes, 144A 		7.750 10/15/25   1,000 990,000
Nissan Motor Co. Ltd. (Japan),
Sr. Unsec’d. Notes, 144A 		4.810 09/17/30   650 570,595
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A 		9.500 10/01/28   1,325 1,255,727
          9,536,075
Auto Parts & Equipment 1.2%
Adient Global Holdings Ltd.,          
Gtd. Notes, 144A 4.875 08/15/26   1,161 1,116,011
Sr. Sec’d. Notes, 144A 7.000 04/15/28   400 409,000
American Axle & Manufacturing, Inc.,          
Gtd. Notes 6.250 03/15/26   271 260,255
Gtd. Notes(aa) 6.500 04/01/27   1,231 1,140,092
     
 
Dana Financing Luxembourg Sarl,
Gtd. Notes, 144A 		5.750 04/15/25   500 492,500
Dana, Inc.,          
Sr. Unsec’d. Notes 4.250 09/01/30   250 203,182
Sr. Unsec’d. Notes 4.500 02/15/32   600 480,993
Sr. Unsec’d. Notes 5.375 11/15/27   200 188,177
Sr. Unsec’d. Notes 5.625 06/15/28   600 554,610
     
 
Titan International, Inc.,
Sr. Sec’d. Notes 		7.000 04/30/28   950 850,559
          5,695,379
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks 1.1%
Citigroup, Inc.,
Jr. Sub. Notes 		3.875 %(ff) 02/18/26(oo)   625  $532,791
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 05/01/26   550 470,309
Intesa Sanpaolo SpA (Italy),
Sub. Notes, 144A 		4.198(ff) 06/01/32   2,200 1,649,098
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,425 2,418,937
          5,071,135
Building Materials 2.1%
Camelot Return Merger Sub, Inc.,
Sr. Sec’d. Notes, 144A 		8.750 08/01/28   650 615,691
Cornerstone Building Brands, Inc.,
Gtd. Notes, 144A(aa) 		6.125 01/15/29   1,100 835,829
Eco Material Technologies, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 01/31/27   600 575,542
Griffon Corp.,
Gtd. Notes 		5.750 03/01/28   630 578,667
JELD-WEN, Inc.,
Gtd. Notes, 144A 		4.625 12/15/25   926 893,190
Knife River Holding Co.,
Sr. Unsec’d. Notes, 144A 		7.750 05/01/31   300 304,082
Masonite International Corp.,          
Gtd. Notes, 144A 3.500 02/15/30   675 573,750
Gtd. Notes, 144A 5.375 02/01/28   180 172,800
     
 
MIWD Holdco II LLC/MIWD Finance Corp.,
Gtd. Notes, 144A 		5.500 02/01/30   952 804,685
Smyrna Ready Mix Concrete LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,348 1,262,173
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 3.375 01/15/31   475 376,397
Sr. Unsec’d. Notes, 144A(aa) 4.375 07/15/30   1,375 1,184,836
Sr. Unsec’d. Notes, 144A(aa) 4.750 01/15/28   1,475 1,375,607
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   320 306,392
          9,859,641
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals 3.6%
Ashland LLC,
Gtd. Notes(aa) 		6.875 % 05/15/43   2,125  $2,128,692
ASP Unifrax Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 5.250 09/30/28   325 267,821
Sr. Unsec’d. Notes, 144A 7.500 09/30/29   225 162,758
     
 
Avient Corp.,
Sr. Unsec’d. Notes, 144A 		5.750 05/15/25   870 868,924
Chemours Co. (The),          
Gtd. Notes, 144A 4.625 11/15/29   800 658,876
Gtd. Notes, 144A 5.750 11/15/28   620 550,896
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A, Cash coupon 8.250% and PIK 2.000% 		10.250 09/01/27   1,820 1,624,298
Diamond BC BV,
Gtd. Notes, 144A 		4.625 10/01/29   975 957,937
Iris Holding, Inc.,
Sr. Unsec’d. Notes, 144A 		10.000 12/15/28   1,100 870,824
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		4.875 06/01/24   1,315 1,293,631
Olympus Water US Holding Corp.,
Sr. Sec’d. Notes, 144A 		4.250 10/01/28   625 531,942
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   1,590 1,543,817
SK Invictus Intermediate II Sarl,
Sr. Sec’d. Notes, 144A 		5.000 10/30/29   820 696,196
SPCM SA (France),
Sr. Unsec’d. Notes, 144A 		3.375 03/15/30   450 369,824
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A 		13.000 12/16/27   884 886,547
Tronox, Inc.,
Gtd. Notes, 144A 		4.625 03/15/29   1,565 1,299,853
Valvoline, Inc.,
Sr. Unsec’d. Notes, 144A 		3.625 06/15/31   525 436,107
Venator Finance Sarl/Venator Materials LLC,          
Gtd. Notes, 144A (original cost $2,173,860; purchased 03/08/19 - 07/14/21)(f) 5.750 07/15/25   2,327 325,780
Sr. Sec’d. Notes, 144A (original cost $1,082,538; purchased 05/08/20 - 03/02/21)(f) 9.500 07/01/25   1,040 660,400
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
     
 
WR Grace Holdings LLC,
Sr. Sec’d. Notes, 144A 		7.375 % 03/01/31   175  $175,409
          16,310,532
Coal 0.2%
Conuma Resources Ltd. (Canada),
Sr. Sec’d. Notes, 144A 		13.125 05/01/28   700 681,625
Coronado Finance Pty Ltd. (Australia),
Sr. Sec’d. Notes, 144A 		10.750 05/15/26   400 411,772
          1,093,397
Commercial Services 6.5%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A 		5.500 03/01/28   409 389,485
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 07/15/26   430 414,416
Sr. Unsec’d. Notes, 144A 6.000 06/01/29   1,150 894,945
Sr. Unsec’d. Notes, 144A(aa) 9.750 07/15/27   3,875 3,602,868
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 Sarl, 		         
Sr. Sec’d. Notes, 144A 4.625 06/01/28   860 746,050
Sr. Sec’d. Notes, 144A 4.625 06/01/28   1,315 1,140,763
     
 
Alta Equipment Group, Inc.,
Sec’d. Notes, 144A 		5.625 04/15/26   500 464,379
AMN Healthcare, Inc.,          
Gtd. Notes, 144A 4.000 04/15/29   825 727,301
Gtd. Notes, 144A 4.625 10/01/27   400 374,297
     
 
APi Group DE, Inc.,
Gtd. Notes, 144A 		4.750 10/15/29   325 294,396
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.,
Gtd. Notes, 144A(aa) 		4.750 04/01/28   1,295 1,162,649
Avis Budget Finance PLC,
Gtd. Notes 		4.750 01/30/26 EUR 275 294,490
Brink’s Co. (The),          
Gtd. Notes, 144A 4.625 10/15/27   375 354,750
Gtd. Notes, 144A(aa) 5.500 07/15/25   200 198,490
     
 
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
     
Carriage Services, Inc.,
Gtd. Notes, 144A 		4.250 % 05/15/29   200  $167,563
Gartner, Inc.,          
Gtd. Notes, 144A 3.625 06/15/29   425 376,556
Gtd. Notes, 144A 3.750 10/01/30   325 283,826
     
 
Herc Holdings, Inc.,
Gtd. Notes, 144A 		5.500 07/15/27   441 421,140
Hertz Corp. (The),          
Gtd. Notes, 144A 4.625 12/01/26   475 427,706
Gtd. Notes, 144A 5.000 12/01/29   525 429,334
     
 
Metis Merger Sub LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.500 05/15/29   2,750 2,340,530
MPH Acquisition Holdings LLC,
Sr. Sec’d. Notes, 144A 		5.500 09/01/28   2,075 1,587,326
NESCO Holdings II, Inc.,
Sec’d. Notes, 144A 		5.500 04/15/29   900 812,765
Service Corp. International,
Sr. Unsec’d. Notes 		4.000 05/15/31   1,050 924,091
United Rentals North America, Inc.,          
Gtd. Notes 3.750 01/15/32   575 493,292
Gtd. Notes 4.000 07/15/30   150 134,222
Gtd. Notes(aa) 4.875 01/15/28   5,720 5,508,131
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		9.750 08/15/26   4,825 4,864,621
          29,830,382
Computers 0.8%
CA Magnum Holdings (India),
Sr. Sec’d. Notes, 144A 		5.375 10/31/26   225 197,269
McAfee Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		7.375 02/15/30   1,130 939,287
NCR Corp.,          
Gtd. Notes, 144A 5.000 10/01/28   550 479,891
Gtd. Notes, 144A 5.125 04/15/29   425 367,672
Gtd. Notes, 144A 5.250 10/01/30   350 293,658
Gtd. Notes, 144A(aa) 5.750 09/01/27   1,000 978,747
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Computers (cont’d.)
     
 
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.750 % 06/01/25   375  $376,883
          3,633,407
Distribution/Wholesale 0.6%
H&E Equipment Services, Inc.,
Gtd. Notes, 144A 		3.875 12/15/28   2,250 1,943,858
Ritchie Bros Holdings, Inc. (Canada),          
Gtd. Notes, 144A 7.750 03/15/31   450 477,000
Sr. Sec’d. Notes, 144A 6.750 03/15/28   150 155,250
          2,576,108
Diversified Financial Services 4.1%
Bread Financial Holdings, Inc.,
Gtd. Notes, 144A 		4.750 12/15/24   1,075 962,143
goeasy Ltd. (Canada),
Gtd. Notes, 144A 		4.375 05/01/26   525 459,375
Jefferies Finance LLC/JFIN Co-Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		5.000 08/15/28   1,525 1,287,089
LD Holdings Group LLC,
Gtd. Notes, 144A 		6.125 04/01/28   1,025 564,408
LFS Topco LLC,
Gtd. Notes, 144A 		5.875 10/15/26   875 767,783
LPL Holdings, Inc.,          
Gtd. Notes, 144A 4.000 03/15/29   300 269,373
Gtd. Notes, 144A 4.375 05/15/31   100 88,616
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 12/15/30   1,075 880,728
Gtd. Notes, 144A(aa) 5.500 08/15/28   2,420 2,159,528
Gtd. Notes, 144A(aa) 6.000 01/15/27   1,725 1,631,188
     
 
Navient Corp.,
Sr. Unsec’d. Notes 		5.500 03/15/29   1,800 1,549,634
OneMain Finance Corp.,          
Gtd. Notes 3.875 09/15/28   350 282,108
Gtd. Notes 6.875 03/15/25   125 122,187
Gtd. Notes(aa) 7.125 03/15/26   3,748 3,650,523
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
PennyMac Financial Services, Inc.,          
Gtd. Notes, 144A 4.250 % 02/15/29   575  $472,938
Gtd. Notes, 144A 5.375 10/15/25   800 754,926
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.,          
Gtd. Notes, 144A 3.625 03/01/29   200 169,023
Gtd. Notes, 144A 3.875 03/01/31   50 40,433
Gtd. Notes, 144A 4.000 10/15/33   1,175 919,490
VistaJet Malta Finance PLC/XO Management Holding,
Inc. (Switzerland), 		         
Sr. Unsec’d. Notes, 144A 6.375 02/01/30   750 646,875
Sr. Unsec’d. Notes, 144A 7.875 05/01/27   1,100 1,045,000
          18,723,368
Electric 6.1%
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 4.500 02/15/28   500 465,740
Sr. Unsec’d. Notes, 144A 4.625 02/01/29   2,025 1,755,679
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   1,975 1,662,934
Sr. Unsec’d. Notes, 144A(aa) 5.125 03/15/28   5,950 5,512,561
     
 
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   238 154,560
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,975 2,902,426
Gtd. Notes, 144A 3.375 02/15/29   200 169,493
Gtd. Notes, 144A 3.625 02/15/31   700 566,417
Gtd. Notes, 144A 3.875 02/15/32   500 403,621
Gtd. Notes, 144A 5.250 06/15/29   775 715,603
Jr. Sub. Notes, 144A 10.250(ff) 03/15/28(oo)   1,050 1,035,501
PG&E Corp.,          
Sr. Sec’d. Notes(aa) 5.000 07/01/28   1,625 1,531,825
Sr. Sec’d. Notes(aa) 5.250 07/01/30   1,885 1,737,880
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   125 112,307
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   400 377,355
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 4.375 05/01/29   500 447,449
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electric (cont’d.)
Vistra Operations Co. LLC, (cont’d.)          
Gtd. Notes, 144A(aa) 5.000 % 07/31/27   1,100  $1,045,549
Gtd. Notes, 144A(aa) 5.625 02/15/27   7,400 7,216,062
          27,812,962
Electrical Components & Equipment 0.6%
Energizer Gamma Acquisition BV,
Gtd. Notes 		3.500 06/30/29 EUR 100 86,607
Energizer Holdings, Inc.,          
Gtd. Notes, 144A 4.375 03/31/29   750 654,304
Gtd. Notes, 144A 4.750 06/15/28   350 315,040
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 06/15/25   600 610,036
Gtd. Notes, 144A(aa) 7.250 06/15/28   1,130 1,161,362
          2,827,349
Electronics 0.3%
Likewize Corp.,
Sr. Sec’d. Notes, 144A 		9.750 10/15/25   1,515 1,364,586
Sensata Technologies, Inc.,
Gtd. Notes, 144A 		3.750 02/15/31   260 225,901
          1,590,487
Engineering & Construction 0.3%
AECOM,
Gtd. Notes 		5.125 03/15/27   380 371,952
TopBuild Corp.,          
Gtd. Notes, 144A 3.625 03/15/29   500 435,921
Gtd. Notes, 144A 4.125 02/15/32   425 366,188
          1,174,061
Entertainment 3.7%
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   458 309,751
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   2,035 2,037,803
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
Caesars Entertainment, Inc., (cont’d.)          
Sr. Sec’d. Notes, 144A 7.000 % 02/15/30   1,575  $1,590,220
Sr. Unsec’d. Notes, 144A 4.625 10/15/29   275 240,948
     
 
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   275 268,288
Churchill Downs, Inc.,
Gtd. Notes, 144A 		6.750 05/01/31   550 553,915
Everi Holdings, Inc.,
Gtd. Notes, 144A 		5.000 07/15/29   100 89,130
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		7.625 04/15/26   2,100 2,123,693
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 4.125 04/15/26   500 480,000
Sr. Sec’d. Notes, 144A 6.250 01/15/27   350 354,813
Sr. Sec’d. Notes, 144A 6.500 02/15/25   860 870,655
Jacobs Entertainment, Inc.,          
Sr. Unsec’d. Notes, 144A 6.750 02/15/29   525 457,211
Sr. Unsec’d. Notes, 144A 6.750 02/15/29   250 214,995
     
 
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		4.875 05/01/29   825 741,311
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A 		6.625 11/15/27   869 784,273
Penn Entertainment, Inc.,          
Sr. Unsec’d. Notes, 144A 4.125 07/01/29   675 571,443
Sr. Unsec’d. Notes, 144A 5.625 01/15/27   2,080 1,978,633
     
 
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.,
Gtd. Notes, 144A 		5.875 09/01/31   1,225 867,050
Scientific Games Holdings LP/Scientific Games US FinCo, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 03/01/30   825 731,773
Scientific Games International, Inc.,
Gtd. Notes, 144A 		8.625 07/01/25   700 715,991
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Gtd. Notes, 144A(aa) 		5.125 10/01/29   1,110 1,022,861
          17,004,757
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Environmental Control 0.5%
Clean Harbors, Inc.,
Gtd. Notes, 144A 		6.375 % 02/01/31   125  $127,611
Covanta Holding Corp.,
Gtd. Notes, 144A 		4.875 12/01/29   350 311,544
GFL Environmental, Inc. (Canada),          
Gtd. Notes, 144A 4.000 08/01/28   275 250,448
Gtd. Notes, 144A 4.375 08/15/29   1,625 1,467,830
Gtd. Notes, 144A 4.750 06/15/29   50 46,406
          2,203,839
Foods 3.9%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s
LP/Albertson’s LLC, 		         
Gtd. Notes, 144A 3.500 03/15/29   1,060 939,701
Gtd. Notes, 144A 4.875 02/15/30   250 233,924
Gtd. Notes, 144A 6.500 02/15/28   300 304,888
     
 
B&G Foods, Inc.,
Gtd. Notes(aa) 		5.250 09/15/27   2,700 2,359,388
C&S Group Enterprises LLC,
Gtd. Notes, 144A 		5.000 12/15/28   875 690,606
Chobani LLC/Chobani Finance Corp., Inc.,          
Gtd. Notes, 144A(aa) 7.500 04/15/25   1,150 1,129,947
Sr. Sec’d. Notes, 144A 4.625 11/15/28   50 46,236
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes, 144A 3.750 12/01/31   525 436,538
Sr. Unsec’d. Notes, 144A 5.500 01/15/30   900 858,010
Kraft Heinz Foods Co.,          
Gtd. Notes(aa) 4.375 06/01/46   1,775 1,549,310
Gtd. Notes 5.000 07/15/35   235 236,120
Gtd. Notes 5.200 07/15/45   300 290,681
Gtd. Notes 5.500 06/01/50   1,125 1,133,739
Lamb Weston Holdings, Inc.,          
Gtd. Notes, 144A 4.125 01/31/30   225 206,038
Gtd. Notes, 144A 4.375 01/31/32   700 639,824
     
 
Market Bidco Finco PLC (United Kingdom),
Sr. Sec’d. Notes, 144A 		5.500 11/04/27 GBP 250 235,483
Pilgrim’s Pride Corp.,          
Gtd. Notes 3.500 03/01/32   375 302,298
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods (cont’d.)
Pilgrim’s Pride Corp., (cont’d.)          
Gtd. Notes, 144A(aa) 5.875 % 09/30/27   3,800  $3,780,174
Post Holdings, Inc.,          
Gtd. Notes, 144A 4.625 04/15/30   1,075 970,524
Gtd. Notes, 144A 5.500 12/15/29   425 404,364
Sr. Unsec’d. Notes, 144A 4.500 09/15/31   1,400 1,225,087
          17,972,880
Gas 0.5%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.500 05/20/25   25 24,313
Sr. Unsec’d. Notes 5.625 05/20/24   125 124,254
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   2,050 1,946,732
Sr. Unsec’d. Notes 5.875 08/20/26   325 313,706
          2,409,005
Healthcare-Products 1.2%
Embecta Corp.,          
Sr. Sec’d. Notes, 144A 5.000 02/15/30   925 797,863
Sr. Sec’d. Notes, 144A 6.750 02/15/30   225 204,094
Medline Borrower LP,          
Sr. Sec’d. Notes, 144A(aa) 3.875 04/01/29   2,525 2,208,848
Sr. Unsec’d. Notes, 144A 5.250 10/01/29   2,900 2,508,172
          5,718,977
Healthcare-Services 3.7%
DaVita, Inc.,          
Gtd. Notes, 144A 3.750 02/15/31   1,725 1,382,619
Gtd. Notes, 144A(aa) 4.625 06/01/30   2,925 2,549,112
     
 
Legacy LifePoint Health LLC,
Sr. Sec’d. Notes, 144A 		4.375 02/15/27   800 681,006
LifePoint Health, Inc.,
Gtd. Notes, 144A 		5.375 01/15/29   925 579,134
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A 		7.250 11/01/25   1,800 1,625,697
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
     
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A(aa) 		9.750 % 12/01/26   3,400  $2,828,876
Tenet Healthcare Corp.,          
Sr. Sec’d. Notes(aa) 4.250 06/01/29   1,925 1,765,678
Sr. Sec’d. Notes 4.375 01/15/30   3,825 3,519,466
Sr. Unsec’d. Notes(aa) 6.875 11/15/31   2,025 1,990,591
          16,922,179
Holding Companies-Diversified 0.1%
Benteler International AG (Austria),
Sr. Sec’d. Notes, 144A 		10.500 05/15/28   400 409,000
Home Builders 5.8%
Ashton Woods USA LLC/Ashton Woods Finance Co.,          
Sr. Unsec’d. Notes, 144A 4.625 08/01/29   825 687,938
Sr. Unsec’d. Notes, 144A 4.625 04/01/30   625 516,971
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,200 1,115,177
Gtd. Notes(aa) 7.250 10/15/29   2,750 2,628,764
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC (Canada), 		         
Gtd. Notes, 144A 4.875 02/15/30   1,875 1,476,562
Gtd. Notes, 144A 6.250 09/15/27   40 36,650
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   400 320,000
Century Communities, Inc.,          
Gtd. Notes(aa) 6.750 06/01/27   1,725 1,734,166
Gtd. Notes, 144A 3.875 08/15/29   150 131,383
     
 
Empire Communities Corp. (Canada),
Sr. Unsec’d. Notes, 144A 		7.000 12/15/25   275 250,938
Forestar Group, Inc.,          
Gtd. Notes, 144A 3.850 05/15/26   450 416,050
Gtd. Notes, 144A(aa) 5.000 03/01/28   1,200 1,091,663
KB Home,          
Gtd. Notes 4.000 06/15/31   500 433,873
Gtd. Notes 4.800 11/15/29   1,000 936,783
Gtd. Notes 6.875 06/15/27   1,225 1,261,135
     
 
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
     
Lennar Corp.,
Gtd. Notes(aa) 		5.000 % 06/15/27   1,250  $1,249,250
M/I Homes, Inc.,          
Gtd. Notes 3.950 02/15/30   375 331,590
Gtd. Notes 4.950 02/01/28   725 682,263
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.625 03/01/30   1,158 1,012,578
Sr. Unsec’d. Notes, 144A(aa) 5.250 12/15/27   1,075 994,375
     
 
Meritage Homes Corp.,
Gtd. Notes 		5.125 06/06/27   1,775 1,745,420
Shea Homes LP/Shea Homes Funding Corp.,          
Sr. Unsec’d. Notes 4.750 02/15/28   1,293 1,182,747
Sr. Unsec’d. Notes 4.750 04/01/29   475 423,367
     
 
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A 		7.500 02/15/26   925 818,570
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.750 01/15/28   450 446,525
Gtd. Notes, 144A 5.875 06/15/27   250 249,435
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   1,480 1,392,324
     
 
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,
Gtd. Notes, 144A 		5.625 03/01/24   1,523 1,507,770
Tri Pointe Homes, Inc.,
Gtd. Notes 		5.700 06/15/28   1,555 1,525,788
          26,600,055
Home Furnishings 0.0%
Tempur Sealy International, Inc.,
Gtd. Notes, 144A 		4.000 04/15/29   200 174,861
Household Products/Wares 0.4%
ACCO Brands Corp.,
Gtd. Notes, 144A 		4.250 03/15/29   1,075 905,932
Central Garden & Pet Co.,
Gtd. Notes, 144A 		4.125 04/30/31   100 84,142
Kronos Acquisition Holdings, Inc./KIK Custom Products,
Inc. (Canada), 		         
Gtd. Notes, 144A 7.000 12/31/27   800 701,482
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Household Products/Wares (cont’d.)
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. (Canada), (cont’d.)          
Sr. Sec’d. Notes, 144A 5.000 % 12/31/26   175   $161,875
     
 
Spectrum Brands, Inc.,
Gtd. Notes, 144A 		3.875 03/15/31   200 164,082
          2,017,513
Housewares 0.6%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 4.000 04/01/31   1,500 1,213,792
Gtd. Notes 4.375 02/01/32   725 588,282
     
 
SWF Escrow Issuer Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		6.500 10/01/29   1,675 1,022,222
          2,824,296
Insurance 0.2%
BroadStreet Partners, Inc.,
Sr. Unsec’d. Notes, 144A (original cost $866,688; purchased 04/14/21 - 10/07/21)(f)
(cost $868,104) 		5.875 04/15/29   875 762,037
Internet 1.5%
Cablevision Lightpath LLC,          
Sr. Sec’d. Notes, 144A 3.875 09/15/27   1,925 1,609,442
Sr. Unsec’d. Notes, 144A 5.625 09/15/28   825 603,408
     
 
Gen Digital, Inc.,
Sr. Unsec’d. Notes, 144A 		5.000 04/15/25   3,000 2,967,259
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,          
Gtd. Notes, 144A 3.500 03/01/29   525 454,746
Gtd. Notes, 144A 5.250 12/01/27   1,165 1,120,172
          6,755,027
Iron/Steel 0.6%
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A(aa) 		6.625 01/31/29   1,709 1,697,976
Cleveland-Cliffs, Inc.,
Gtd. Notes, 144A 		6.750 04/15/30   700 680,849
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Iron/Steel (cont’d.)
Commercial Metals Co.,          
Sr. Unsec’d. Notes 4.125 % 01/15/30   200  $179,991
Sr. Unsec’d. Notes 4.375 03/15/32   300 259,776
          2,818,592
Leisure Time 1.9%
Lindblad Expeditions Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		9.000 05/15/28   525 525,167
NCL Corp. Ltd.,          
Gtd. Notes, 144A 5.875 03/15/26   1,250 1,073,437
Sr. Sec’d. Notes, 144A 8.375 02/01/28   875 877,187
Royal Caribbean Cruises Ltd.,          
Gtd. Notes, 144A 7.250 01/15/30   750 750,158
Gtd. Notes, 144A 9.250 01/15/29   325 343,688
Sr. Sec’d. Notes, 144A 8.250 01/15/29   1,125 1,181,812
Sr. Unsec’d. Notes, 144A 5.375 07/15/27   500 442,500
Sr. Unsec’d. Notes, 144A 5.500 04/01/28   1,200 1,058,640
Sr. Unsec’d. Notes, 144A 11.625 08/15/27   800 849,416
     
 
Viking Cruises Ltd.,
Gtd. Notes, 144A 		5.875 09/15/27   350 299,334
Viking Ocean Cruises Ship VII Ltd.,
Sr. Sec’d. Notes, 144A 		5.625 02/15/29   1,200 1,017,000
Vista Outdoor, Inc.,
Gtd. Notes, 144A 		4.500 03/15/29   225 176,523
          8,594,862
Lodging 2.0%
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes, 144A 3.625 02/15/32   900 767,986
Gtd. Notes, 144A 4.000 05/01/31   275 242,990
MGM Resorts International,          
Gtd. Notes 4.625 09/01/26   275 262,725
Gtd. Notes(aa) 4.750 10/15/28   800 743,502
Gtd. Notes(aa) 5.500 04/15/27   1,061 1,037,152
Gtd. Notes 5.750 06/15/25   50 49,824
Gtd. Notes(aa) 6.750 05/01/25   1,910 1,926,976
     
 
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Lodging (cont’d.)
     
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.875 % 05/15/25   625  $607,330
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.125 12/15/29   1,325 1,090,889
Sr. Unsec’d. Notes, 144A 5.500 10/01/27   550 490,187
Sr. Unsec’d. Notes, 144A 5.625 08/26/28   2,125 1,847,422
          9,066,983
Machinery-Construction & Mining 0.1%
Terex Corp.,
Gtd. Notes, 144A 		5.000 05/15/29   725 675,096
Machinery-Diversified 1.0%
Chart Industries, Inc.,          
Gtd. Notes, 144A 9.500 01/01/31   475 502,604
Sr. Sec’d. Notes, 144A 7.500 01/01/30   675 696,225
     
 
GrafTech Finance, Inc.,
Sr. Sec’d. Notes, 144A 		4.625 12/15/28   975 817,299
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A (original cost $1,935,175; purchased 11/06/18 - 10/08/19)(aa)(f) 		10.125 08/01/24   1,815 1,804,547
TK Elevator US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A 		5.250 07/15/27   625 583,875
          4,404,550
Media 8.0%
AMC Networks, Inc.,
Gtd. Notes 		5.000 04/01/24   300 295,736
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes 4.500 05/01/32   1,850 1,483,857
Sr. Unsec’d. Notes, 144A(aa) 4.250 02/01/31   5,600 4,608,162
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   700 558,125
Sr. Unsec’d. Notes, 144A(aa) 4.750 03/01/30   2,900 2,496,355
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   1,000 926,656
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   450 441,631
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
CSC Holdings LLC,          
Gtd. Notes, 144A 3.375 % 02/15/31   1,175  $808,889
Gtd. Notes, 144A(aa) 4.125 12/01/30   775 556,794
Gtd. Notes, 144A 6.500 02/01/29   1,200 1,002,210
Sr. Unsec’d. Notes, 144A(aa) 4.625 12/01/30   4,875 2,377,969
Sr. Unsec’d. Notes, 144A(aa) 5.750 01/15/30   2,550 1,300,623
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A 6.625 08/15/27(d)   6,595 199,185
Sec’d. Notes, 144A 5.375 08/15/26(d)   6,090 423,483
DISH DBS Corp.,          
Gtd. Notes 5.125 06/01/29   1,840 850,640
Gtd. Notes 7.375 07/01/28   1,065 532,023
Gtd. Notes(aa) 7.750 07/01/26   5,015 2,895,536
     
 
DISH Network Corp.,
Sr. Sec’d. Notes, 144A 		11.750 11/15/27   1,875 1,773,033
Gray Television, Inc.,          
Gtd. Notes, 144A 5.875 07/15/26   200 169,976
Gtd. Notes, 144A 7.000 05/15/27   1,625 1,315,603
     
 
iHeartCommunications, Inc.,
Sr. Sec’d. Notes 		6.375 05/01/26   1,421 1,223,015
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 08/15/27   1,040 962,716
News Corp.,
Sr. Unsec’d. Notes, 144A 		3.875 05/15/29   325 288,579
Nexstar Media, Inc.,          
Gtd. Notes, 144A 4.750 11/01/28   150 131,965
Gtd. Notes, 144A 5.625 07/15/27   734 689,420
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 09/15/26   610 477,420
Sr. Unsec’d. Notes, 144A(aa) 6.500 09/15/28   3,405 1,586,852
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 05/01/29   400 344,872
Sr. Sec’d. Notes, 144A(aa) 5.125 02/15/25   2,300 2,264,993
Sr. Sec’d. Notes, 144A(aa) 6.625 06/01/27   2,135 2,055,606
     
 
VZ Secured Financing BV (Netherlands),
Sr. Sec’d. Notes, 144A 		5.000 01/15/32   1,800 1,500,750
          36,542,674
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Metal Fabricate/Hardware 0.1%
Roller Bearing Co. of America, Inc.,
Sr. Unsec’d. Notes, 144A 		4.375 % 10/15/29   525  $476,787
Mining 2.1%
Eldorado Gold Corp. (Turkey),
Sr. Unsec’d. Notes, 144A 		6.250 09/01/29   1,425 1,325,250
First Quantum Minerals Ltd. (Zambia),
Gtd. Notes, 144A(aa) 		7.500 04/01/25   3,605 3,586,434
Hecla Mining Co.,
Gtd. Notes(aa) 		7.250 02/15/28   700 700,904
Hudbay Minerals, Inc. (Canada),          
Gtd. Notes, 144A 4.500 04/01/26   900 835,313
Gtd. Notes, 144A 6.125 04/01/29   1,245 1,160,963
     
 
New Gold, Inc. (Canada),
Gtd. Notes, 144A 		7.500 07/15/27   1,245 1,196,258
Novelis Corp.,          
Gtd. Notes, 144A 3.875 08/15/31   800 669,820
Gtd. Notes, 144A 4.750 01/30/30   275 248,915
          9,723,857
Miscellaneous Manufacturing 0.4%
Amsted Industries, Inc.,          
Gtd. Notes, 144A(aa) 5.625 07/01/27   1,075 1,057,354
Sr. Unsec’d. Notes, 144A(aa) 4.625 05/15/30   785 715,631
          1,772,985
Office/Business Equipment 0.1%
CDW LLC/CDW Finance Corp.,
Gtd. Notes 		3.250 02/15/29   685 592,090
Oil & Gas 8.9%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A 		8.250 02/15/26   850 828,873
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes^ 		7.875 12/15/24(d)   5,325 36,210
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Antero Resources Corp.,          
Gtd. Notes, 144A 5.375 % 03/01/30   775  $726,855
Gtd. Notes, 144A 7.625 02/01/29   979 1,002,381
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Gtd. Notes, 144A 7.000 11/01/26   25 24,223
Gtd. Notes, 144A 9.000 11/01/27   527 651,593
Sr. Unsec’d. Notes, 144A 8.250 12/31/28   2,392 2,313,337
     
 
Athabasca Oil Corp. (Canada),
Sec’d. Notes, 144A(aa) 		9.750 11/01/26   1,700 1,785,000
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   375 370,175
Gtd. Notes, 144A 5.875 02/01/29   750 715,514
Gtd. Notes, 144A 6.750 04/15/29   725 717,594
     
 
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A 		7.000 06/15/25   1,175 1,169,026
CNX Resources Corp.,
Gtd. Notes, 144A 		7.250 03/14/27   1,525 1,516,425
Comstock Resources, Inc.,          
Gtd. Notes, 144A 5.875 01/15/30   600 516,052
Gtd. Notes, 144A 6.750 03/01/29   975 882,532
     
 
Crescent Energy Finance LLC,
Sr. Unsec’d. Notes, 144A 		9.250 02/15/28   425 423,969
CrownRock LP/CrownRock Finance, Inc.,          
Sr. Unsec’d. Notes, 144A 5.000 05/01/29   500 473,064
Sr. Unsec’d. Notes, 144A 5.625 10/15/25   575 567,884
     
 
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		5.750 01/30/28   975 970,471
EQT Corp.,
Sr. Unsec’d. Notes 		5.000 01/15/29   250 239,359
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 02/01/29   275 256,825
Sr. Unsec’d. Notes, 144A 6.000 04/15/30   850 792,419
Sr. Unsec’d. Notes, 144A 6.000 02/01/31   625 578,394
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,808 1,731,160
Sr. Unsec’d. Notes, 144A 6.250 04/15/32   750 702,278
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A 5.875 02/01/29   575 552,000
Gtd. Notes, 144A 7.125 02/01/27   2,302 2,359,550
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 % 01/15/26   975  $916,685
Gtd. Notes, 144A 7.500 01/15/28   1,325 1,205,750
Nabors Industries, Inc.,          
Gtd. Notes(aa) 5.750 02/01/25   1,400 1,362,452
Gtd. Notes, 144A 7.375 05/15/27   50 48,502
     
 
Noble Finance II LLC,
Gtd. Notes, 144A 		8.000 04/15/30   200 204,778
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 6.125 01/01/31   745 779,845
Sr. Unsec’d. Notes 7.150 05/15/28   900 950,867
Sr. Unsec’d. Notes 8.875 07/15/30   200 234,903
Parkland Corp. (Canada),          
Gtd. Notes, 144A 4.500 10/01/29   525 460,031
Gtd. Notes, 144A 4.625 05/01/30   1,325 1,156,062
Precision Drilling Corp. (Canada),          
Gtd. Notes, 144A 6.875 01/15/29   275 252,312
Gtd. Notes, 144A(aa) 7.125 01/15/26   2,160 2,111,400
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   425 419,623
Gtd. Notes, 144A 4.750 02/15/30   675 620,802
Southwestern Energy Co.,          
Gtd. Notes 4.750 02/01/32   1,200 1,060,281
Gtd. Notes 5.375 02/01/29   375 354,421
Gtd. Notes(aa) 5.375 03/15/30   1,900 1,770,211
Sunoco LP/Sunoco Finance Corp.,          
Gtd. Notes 4.500 05/15/29   1,630 1,480,204
Gtd. Notes 4.500 04/30/30   700 626,568
Transocean, Inc.,          
Gtd. Notes, 144A 7.500 01/15/26   1,400 1,288,000
Gtd. Notes, 144A 8.000 02/01/27   100 88,515
     
 
Valaris Ltd.,
Sec’d. Notes, 144A 		8.375 04/30/30   350 349,125
          40,644,500
Packaging & Containers 2.5%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% 		6.500 06/30/27   1,066 879,838
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Packaging & Containers (cont’d.)
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc., 		         
Sr. Sec’d. Notes, 144A 4.125 % 08/15/26   475  $446,766
Sr. Unsec’d. Notes, 144A 5.250 08/15/27   475 405,531
     
 
Graham Packaging Co., Inc.,
Gtd. Notes, 144A(aa) 		7.125 08/15/28   1,360 1,190,168
Graphic Packaging International LLC,
Gtd. Notes 		4.125 08/15/24   300 296,838
Intelligent Packaging Holdco Issuer LP (Canada),
Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% 		9.000 01/15/26   300 201,000
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A 		6.000 09/15/28   1,184 980,494
LABL, Inc.,          
Sr. Sec’d. Notes, 144A 5.875 11/01/28   425 392,212
Sr. Sec’d. Notes, 144A 6.750 07/15/26   250 247,667
Sr. Sec’d. Notes, 144A 9.500 11/01/28   200 205,832
Sr. Unsec’d. Notes, 144A(aa) 8.250 11/01/29   950 825,829
Sr. Unsec’d. Notes, 144A 10.500 07/15/27   600 570,071
     
 
Mauser Packaging Solutions Holding Co.,
Sr. Sec’d. Notes, 144A 		7.875 08/15/26   650 659,578
OI European Group BV,
Gtd. Notes, 144A 		4.750 02/15/30   400 366,448
Owens-Brockway Glass Container, Inc.,          
Gtd. Notes, 144A 6.375 08/15/25   500 513,493
Gtd. Notes, 144A 6.625 05/13/27   230 230,768
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 10/15/28   725 638,322
Sealed Air Corp./Sealed Air Corp. US,
Gtd. Notes, 144A 		6.125 02/01/28   150 152,330
Trident TPI Holdings, Inc.,          
Gtd. Notes, 144A 6.625 11/01/25   275 274,906
Gtd. Notes, 144A 9.250 08/01/24   275 281,409
Gtd. Notes, 144A 12.750 12/31/28   1,275 1,306,937
     
 
TriMas Corp.,
Gtd. Notes, 144A 		4.125 04/15/29   325 291,119
          11,357,556
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pharmaceuticals 2.6%
AdaptHealth LLC,          
Gtd. Notes, 144A 4.625 % 08/01/29   1,225  $999,916
Gtd. Notes, 144A 5.125 03/01/30   525 434,412
Gtd. Notes, 144A 6.125 08/01/28   670 594,976
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A 		8.500 01/31/27   1,100 565,334
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   975 438,750
Gtd. Notes, 144A 5.000 02/15/29   1,150 517,500
Gtd. Notes, 144A(aa) 5.250 01/30/30   2,325 1,086,937
Gtd. Notes, 144A 5.250 02/15/31   2,635 1,245,037
Gtd. Notes, 144A(aa) 6.250 02/15/29   4,260 1,941,751
Gtd. Notes, 144A 7.000 01/15/28   250 115,000
Gtd. Notes, 144A 9.000 12/15/25   500 417,500
     
 
Jazz Securities DAC,
Sr. Sec’d. Notes, 144A 		4.375 01/15/29   1,075 986,581
Organon & Co./Organon Foreign Debt Co-Issuer BV,          
Sr. Sec’d. Notes, 144A 4.125 04/30/28   450 414,073
Sr. Unsec’d. Notes, 144A 5.125 04/30/31   1,600 1,424,172
     
 
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   850 680,402
          11,862,341
Pipelines 4.7%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes, 144A 5.375 06/15/29   975 913,157
Gtd. Notes, 144A(aa) 5.750 01/15/28   2,425 2,350,609
     
 
Cheniere Energy Partners LP,
Gtd. Notes 		4.000 03/01/31   1,575 1,407,653
Cheniere Energy, Inc.,
Sr. Unsec’d. Notes(aa) 		4.625 10/15/28   2,750 2,624,800
CNX Midstream Partners LP,
Gtd. Notes, 144A 		4.750 04/15/30   200 168,023
DCP Midstream Operating LP,          
Gtd. Notes(aa) 5.125 05/15/29   1,375 1,364,634
Gtd. Notes 5.625 07/15/27   510 518,427
     
 
Energy Transfer LP,
Jr. Sub. Notes, Series G(aa) 		7.125(ff) 05/15/30(oo)   1,075 905,906
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes 5.500 % 07/15/28   50  $45,508
Sr. Unsec’d. Notes, 144A 6.000 07/01/25   351 344,638
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,275 1,243,091
Sr. Unsec’d. Notes, 144A 7.500 06/01/27   125 124,436
Sr. Unsec’d. Notes, 144A 7.500 06/01/30   525 509,554
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.875 01/15/29   375 349,403
Gtd. Notes(aa) 7.000 08/01/27   750 724,371
     
 
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.875 04/15/40   2,050 1,785,772
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp., 		         
Gtd. Notes, 144A(aa) 5.500 01/15/28   2,054 1,906,758
Gtd. Notes, 144A 6.000 12/31/30   1,175 1,045,617
Gtd. Notes, 144A 7.500 10/01/25   200 201,954
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   985 886,786
Sr. Sec’d. Notes, 144A 4.125 08/15/31   285 252,545
Western Midstream Operating LP,          
Sr. Unsec’d. Notes 3.950 06/01/25   600 578,261
Sr. Unsec’d. Notes(aa) 4.300(cc) 02/01/30   1,275 1,167,478
Sr. Unsec’d. Notes 5.500 08/15/48   75 63,818
          21,483,199
Real Estate 1.7%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A 		7.875 11/15/25   1,900 1,728,588
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A(aa) 		5.750 12/01/25   2,000 1,965,377
Howard Hughes Corp. (The),          
Gtd. Notes, 144A 4.125 02/01/29   1,175 988,895
Gtd. Notes, 144A 4.375 02/01/31   675 547,550
Gtd. Notes, 144A 5.375 08/01/28   340 308,110
     
 
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A 		5.250 04/15/29   1,700 1,310,967
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate (cont’d.)
Realogy Group LLC/Realogy Co-Issuer Corp.,          
Gtd. Notes, 144A 5.250 % 04/15/30   550  $392,199
Gtd. Notes, 144A 5.750 01/15/29   700 519,894
          7,761,580
Real Estate Investment Trusts (REITs) 2.1%
Diversified Healthcare Trust,          
Gtd. Notes 4.375 03/01/31   861 542,690
Gtd. Notes(aa) 9.750 06/15/25   1,900 1,817,571
Sr. Unsec’d. Notes 4.750 05/01/24   50 45,640
Sr. Unsec’d. Notes 4.750 02/15/28   1,375 848,032
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 0.993 10/15/26 EUR 200 155,663
Gtd. Notes 3.500 03/15/31   125 85,765
Gtd. Notes 5.000 10/15/27   2,125 1,788,049
     
 
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 1,673,208
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A 4.500 01/15/28   2,000 1,886,945
Gtd. Notes, 144A(aa) 4.625 12/01/29   825 767,733
          9,611,296
Retail 5.4%
1011778 BC ULC/New Red Finance, Inc. (Canada),          
Sec’d. Notes, 144A(aa) 4.000 10/15/30   3,100 2,701,185
Sr. Sec’d. Notes, 144A 3.875 01/15/28   338 316,334
At Home Group, Inc.,          
Gtd. Notes, 144A (original cost $1,467,438; purchased 06/24/21 - 02/23/22)(aa)(f) 7.125 07/15/29   1,525 864,582
Sr. Sec’d. Notes, 144A (original cost $125,000; purchased 06/24/21)(f) 4.875 07/15/28   125 81,557
     
 
BCPE Ulysses Intermediate, Inc.,
Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% 		7.750 04/01/27   150 119,383
Brinker International, Inc.,          
Gtd. Notes, 144A 5.000 10/01/24   675 661,025
Sr. Unsec’d. Notes 3.875 05/15/23   175 174,820
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
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   650  $537,794
eG Global Finance PLC (United Kingdom),          
Sr. Sec’d. Notes (original cost $801,432; purchased 12/15/21 - 02/01/22)(f) 4.375 02/07/25 EUR 707 724,861
Sr. Sec’d. Notes (original cost $826,345; purchased 12/09/21 - 02/04/22)(f) 6.250 10/30/25 EUR 715 739,828
Sr. Sec’d. Notes, 144A (original cost $726,813; purchased 01/28/22)(f) 6.750 02/07/25   725 686,938
Sr. Sec’d. Notes, 144A (original cost $1,450,000; purchased 10/11/19)(f) 8.500 10/30/25   1,450 1,381,458
Ferrellgas LP/Ferrellgas Finance Corp.,          
Sr. Unsec’d. Notes, 144A 5.375 04/01/26   125 116,401
Sr. Unsec’d. Notes, 144A 5.875 04/01/29   980 828,606
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc., 		         
Gtd. Notes, 144A(aa) 6.750 01/15/30   2,400 1,944,017
Sr. Sec’d. Notes, 144A 4.625 01/15/29   550 480,949
     
 
Foundation Building Materials, Inc.,
Gtd. Notes, 144A(aa) 		6.000 03/01/29   1,375 1,102,284
Gap, Inc. (The),          
Gtd. Notes, 144A 3.625 10/01/29   1,325 941,705
Gtd. Notes, 144A 3.875 10/01/31   800 557,477
     
 
LBM Acquisition LLC,
Gtd. Notes, 144A 		6.250 01/15/29   1,000 796,561
LCM Investments Holdings II LLC,
Sr. Unsec’d. Notes, 144A 		4.875 05/01/29   875 745,515
Park River Holdings, Inc.,          
Gtd. Notes, 144A(aa) 5.625 02/01/29   1,725 1,262,130
Sr. Unsec’d. Notes, 144A 6.750 08/01/29   200 145,992
Patrick Industries, Inc.,          
Gtd. Notes, 144A 4.750 05/01/29   475 413,175
Gtd. Notes, 144A 7.500 10/15/27   825 813,538
     
 
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes(aa) 		5.625 12/01/25   900 888,438
SRS Distribution, Inc.,
Gtd. Notes, 144A(aa) 		6.000 12/01/29   1,150 936,450
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 		         
Sr. Unsec’d. Notes 5.875 03/01/27   610 595,113
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
Suburban Propane Partners LP/Suburban Energy Finance Corp., (cont’d.)          
Sr. Unsec’d. Notes, 144A 5.000 % 06/01/31   1,275   $1,116,447
     
 
Superior Plus LP/Superior General Partner, Inc. (Canada),
Gtd. Notes, 144A 		4.500 03/15/29   1,500 1,322,655
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 10/15/28   900 787,057
          24,784,275
Software 0.7%
Black Knight InfoServ LLC,
Gtd. Notes, 144A 		3.625 09/01/28   1,643 1,483,862
Clarivate Science Holdings Corp.,          
Gtd. Notes, 144A 4.875 07/01/29   675 608,405
Sr. Sec’d. Notes, 144A 3.875 07/01/28   1,075 968,153
          3,060,420
Telecommunications 4.8%
Altice France SA (France),
Sr. Sec’d. Notes, 144A 		8.125 02/01/27   1,855 1,652,638
Digicel Group Holdings Ltd. (Jamaica),
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $962,725; purchased 01/04/22 - 10/03/22)(f) 		8.000 04/01/25   1,030 394,254
Digicel International Finance Ltd./Digicel International
Holdings Ltd. (Jamaica), 		         
Gtd. Notes, 144A (original cost $152,500; purchased 03/09/23)(f) 8.000 12/31/26   610 130,502
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% (original cost $682,325; purchased 10/28/22 - 12/15/22)(f) 13.000 12/31/25   1,025 642,199
Sr. Sec’d. Notes, 144A (original cost $812,313; purchased 06/26/19 - 03/15/23)(f) 8.750 05/25/24   850 766,753
Sr. Sec’d. Notes, 144A (original cost $511,875; purchased 06/03/20)(f) 8.750 05/25/24   525 473,419
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A (original cost $5,694,040; purchased 03/07/19 - 11/21/22)(f) 		6.750 06/01/23   7,768 1,514,760
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
Iliad Holding SASU (France),          
Sr. Sec’d. Notes, 144A 6.500 % 10/15/26   1,420  $1,366,750
Sr. Sec’d. Notes, 144A 7.000 10/15/28   775 732,375
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(aa) 6.500 03/15/30   2,365 2,190,581
Level 3 Financing, Inc.,          
Gtd. Notes, 144A 3.750 07/15/29   400 224,930
Gtd. Notes, 144A 4.250 07/01/28   1,555 905,258
Gtd. Notes, 144A 4.625 09/15/27   400 246,605
Sr. Sec’d. Notes, 144A 10.500 05/15/30   553 529,469
Sprint Capital Corp.,          
Gtd. Notes 6.875 11/15/28   700 755,090
Gtd. Notes 8.750 03/15/32   706 863,576
Sprint LLC,          
Gtd. Notes 7.125 06/15/24   250 254,120
Gtd. Notes 7.625 02/15/25   2,725 2,808,081
Gtd. Notes 7.875 09/15/23   1,794 1,807,642
     
 
Viasat, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		5.625 09/15/25   3,200 3,052,560
Zayo Group Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 4.000 03/01/27   120 90,760
Sr. Unsec’d. Notes, 144A 6.125 03/01/28   885 565,490
          21,967,818
Transportation 0.0%
XPO Escrow Sub LLC,
Gtd. Notes, 144A 		7.500 11/15/27   250 257,307
Trucking & Leasing 0.2%
Fortress Transportation & Infrastructure Investors LLC,
Gtd. Notes, 144A 		5.500 05/01/28   875 802,853
     
 
Total Corporate Bonds
(cost $568,023,216) 		493,871,149
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans 4.8%
Airlines 0.3%
United Airlines, Inc.,
Class B Term Loan, 1 Month LIBOR + 3.750% 		8.770 %(c) 04/21/28   1,514  $1,505,882
Computers 0.3%
McAfee Corp.,
Tranche B-1 Term Loan, 1 Month SOFR + 3.850% 		8.653(c) 03/01/29   1,362 1,281,010
Electric 0.1%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 5.000% 		12.500(c) 07/30/26   2,004 612,110
Housewares 0.2%
SWF Holdings I Corp.,
Initial Term Loan, 1 Month LIBOR + 4.000% 		9.010(c) 10/06/28   1,005 842,818
Insurance 0.4%
Acrisure LLC,          
2021-1 Additional Term Loan, 1 Month LIBOR + 3.750% 8.775(c) 02/15/27   275 263,313
Term Loan B 2020, 1 Month LIBOR + 3.500% 8.525(c) 02/15/27   300 286,031
     
 
Asurion LLC,
New B-4 Term Loan, 1 Month LIBOR + 5.250% 		10.275(c) 01/20/29   1,250 1,039,063
          1,588,407
Media 0.7%
CSC Holdings LLC,
2022 Refinancing Term Loan, 1 Month SOFR + 4.500% 		9.390(c) 01/18/28   1,496 1,372,809
Diamond Sports Group LLC,          
First Lien Term Loan, 6 Month SOFR + 8.250% 13.064(c) 05/25/26   1,315 1,185,673
Second Lien Term loan 8.025 08/24/26   3,201 227,276
     
 
Radiate Holdco LLC,
Amendment No. 6 Term Loan, 1 Month LIBOR + 3.250% 		8.275(c) 09/25/26   587 481,340
          3,267,098
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Oil & Gas 0.8%
Ascent Resources Utica Holdings LLC,
Second Lien Term Loan, 3 Month LIBOR + 9.000% 		14.211 %(c) 11/01/25   3,340  $3,536,225
Retail 0.3%
EG America LLC (United Kingdom),
Project Becker Additional Facility, 1 Month SOFR + 4.364% 		9.164(c) 03/31/26   338 326,895
Great Outdoors Group LLC,
Term B-2 Loan, 1 Month LIBOR + 3.750% 		8.775(c) 03/06/28   1,198 1,186,242
          1,513,137
Software 1.2%
Boxer Parent Co., Inc.,          
2021 Replacement Dollar Term Loan, 1 Month LIBOR + 3.750% 8.775(c) 10/02/25   221 218,163
Second Lien Incremental Term Loan, 1 Month LIBOR + 5.500% 10.525(c) 02/27/26   350 338,625
     
 
Camelot Co. (Luxembourg),
Amendment No 2 Incremental Term Loans, 1 Month LIBOR + 3.000% 		8.025(c) 10/30/26   426 425,460
Finastra USA, Inc.,          
Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% 12.405(c) 06/13/25   1,025 858,918
First Lien Dollar Term Loan, 2 Month LIBOR + 3.500% 9.988(c) 06/13/24   2,217 2,107,724
     
 
Skillsoft Finance II, Inc.,
Initial Term Loan, 1 Month SOFR + 5.364% 		10.197(c) 07/14/28   1,712 1,455,086
          5,403,976
Telecommunications 0.5%
Digicel International Finance Ltd. (Jamaica),
First Lien Initial Term B Loan, 1 Month LIBOR + 3.250% 		8.275(c) 05/27/24   175 157,303
Intrado Corp.,
Initial Term Loan, 3 Month SOFR + 4.000% 		9.045(c) 01/31/30   405 399,937
MLN US Holdco LLC,          
Initial Term Loan, 3 Month SOFR + 6.440% 11.522(c) 10/18/27   25 21,431
Initial Term Loan (Second Out (1St Lien Roll-Up)), 3 Month SOFR + 6.700% 11.782(c) 10/18/27   57 31,316
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Telecommunications (cont’d.)
MLN US Holdco LLC, (cont’d.)          
Term Loan, 6 Month SOFR + 9.250%^ 14.332 %(c) 10/18/27   4  $1,920
Xplornet Communications, Inc. (Canada),          
First Lien Refinancing Term Loan, 1 Month LIBOR + 4.000% 9.025(c) 10/02/28   1,766 1,430,770
Initial Term Loan- Second Lien, 1 Month LIBOR + 7.000%^ 11.840(c) 10/01/29   555 333,000
          2,375,677
     
 
Total Floating Rate and Other Loans
(cost $25,053,293) 		21,926,340
    
      Shares  
Common Stocks 1.8%
Chemicals 0.3%
TPC Group, Inc.*^       67,793 1,355,860
Electric Utilities 0.3%
GenOn Energy Holdings, Inc. (Class A Stock)^       9,187 918,700
Keycon Power Holdings LLC^       2,600 329,940
          1,248,640
Gas Utilities 0.2%
Ferrellgas Partners LP (Class B Stock)^       7,475 1,107,795
Hotels, Restaurants & Leisure 0.1%
CEC Entertainment, Inc.       22,321 409,211
Oil, Gas & Consumable Fuels 0.6%
Chesapeake Energy Corp.       30,680 2,536,622
Wireless Telecommunication Services 0.3%
Intelsat Emergence SA (Luxembourg)*       59,486 1,565,255
     
 
Total Common Stocks
(cost $4,937,219) 		8,223,383
33
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Description     Shares Value
Preferred Stock 0.6%
Gas Utilities 
Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^
(cost $2,571,250) 		      2,625  $2,625,000
    
      Units  
Rights* 0.0%
Wireless Telecommunication Services 
Intelsat Jackson Holdings SA, Series A (Luxembourg), CVR, expiring 12/05/25^       6,229 59,368
Intelsat Jackson Holdings SA, Series B (Luxembourg), CVR, expiring 12/05/25^       6,229 12,330
     
 
Total Rights
(cost $0) 		71,698
 
Total Long-Term Investments
(cost $641,931,616) 		568,265,451
    
      Shares  
Short-Term Investment 2.1%
Affiliated Mutual Fund           
PGIM Core Government Money Market Fund
(cost $9,492,921)(wj) 		    9,492,921 9,492,921
 
TOTAL INVESTMENTS 126.1%
(cost $651,424,537) 		577,758,372
Liabilities in excess of other assets(z) (26.1)% (119,656,296)
 
Net Assets 100.0% $458,102,076
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  EUR—Euro
  GBP—British Pound
  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.
  BNYM—Bank of New York Mellon
  BOA—Bank of America, N.A.
  CDX—Credit Derivative Index
34
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
  CLO—Collateralized Loan Obligation
  CVR—Contingent Value Rights
  DAC—Designated Activity Company
  GSI—Goldman Sachs International
  HSBC—HSBC Bank PLC
  iBoxx—Bond Market Indices
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  MSI—Morgan Stanley & Co International PLC
  OTC—Over-the-counter
  PIK—Payment-in-Kind
  Q—Quarterly payment frequency for swaps
  REITs—Real Estate Investment Trust
  SOFR—Secured Overnight Financing Rate
  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 $6,780,129 and 1.5% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $171,841,045 segregated as collateral for amount of $130,000,000 borrowed and outstanding as of April 30, 2023.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2023.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2023. 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 $20,276,405. The aggregate value of $11,957,860 is 2.6% 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.
(wj) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Futures contracts outstanding at April 30, 2023:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
46   5 Year U.S. Treasury Notes   Jun. 2023    $5,048,141    $101,665
81   10 Year U.S. Treasury Notes   Jun. 2023   9,331,454   264,491
35
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Futures contracts outstanding at April 30, 2023 (continued):
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions (cont’d):
33   20 Year U.S. Treasury Bonds   Jun. 2023    $4,344,656    $176,331
31   30 Year U.S. Ultra Treasury Bonds   Jun. 2023   4,383,594   154,621
                $697,108
Forward foreign currency exchange contracts outstanding at April 30, 2023:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 05/02/23   BNYM   GBP 425    $529,220    $534,011    $4,791    $—
Euro,
Expiring 05/02/23   BOA   EUR 1,745   1,920,360   1,923,287   2,927   —
              $2,449,580   $2,457,298   7,718   —
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 05/02/23   MSI   GBP 425    $521,625    $534,011    $—    $(12,386)
Expiring 06/02/23   BNYM   GBP 425   529,565   534,387   —   (4,822)
Euro,
Expiring 05/02/23   HSBC   EUR 1,618   1,747,328   1,783,456   —   (36,128)
Expiring 05/02/23   HSBC   EUR 127   137,809   139,831   —   (2,022)
Expiring 06/02/23   BOA   EUR 1,745   1,923,705   1,926,939   —   (3,234)
              $4,860,032   $4,918,624   —   (58,592)
                      $7,718   $(58,592)
36
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Credit default swap agreement outstanding at April 30, 2023:
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied Credit
Spread at
April 30,
2023(4) 		  Value at
Trade Date 		  Value at
April 30,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):
CDX.NA.HY.40.V1 06/20/28   5.000%(Q)     55,521   4.648%   $(183,142)   $1,110,329   $1,293,471
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.
   
37
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of April 30, 2023
Total return swap agreements outstanding at April 30, 2023:
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 Agreements:
iBoxx USD Investment Grade Index(T)   1 Day SOFR(Q)/ 4.810%   GSI   06/20/23   (11,625)    $(11,459)    $—    $(11,459)
iBoxx USD Investment Grade Index(T)   1 Day SOFR(Q)/ 4.810%   GSI   09/20/23   (11,625)   (17,311)   —   (17,311)
                    $(28,770)   $—   $(28,770)
(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).
38