0001752724-19-149713.txt : 20191025 0001752724-19-149713.hdr.sgml : 20191025 20191025100710 ACCESSION NUMBER: 0001752724-19-149713 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190831 FILED AS OF DATE: 20191025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PGIM High Yield Bond Fund, Inc. CENTRAL INDEX KEY: 0001534880 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-22632 FILM NUMBER: 191168017 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973-802-5032 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PGIM Short Duration High Yield Fund, Inc. DATE OF NAME CHANGE: 20180626 FORMER COMPANY: FORMER CONFORMED NAME: Prudential Short Duration High Yield Fund, Inc. DATE OF NAME CHANGE: 20120209 FORMER COMPANY: FORMER CONFORMED NAME: Prudential Short Term High Yield Fund, Inc. DATE OF NAME CHANGE: 20111115 ACCESSION NUMBER: 0001752724-19-146290 NPORT-EX 1 PGIM_High_Yield_Bond_Fund.htm for N-PORT filing
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 123.3%
Bank Loans 7.8%
Auto Manufacturers 0.4%
Navistar, Inc.,
Tranche B Term Loan, 1 Month LIBOR + 3.500% 		5.700 %(c) 11/06/24   2,233  $ 2,221,832
Chemicals 0.5%
Solenis International LP,          
First Lien Initial Dollar Term Loan, 1 Month LIBOR + 4.000%^ 6.112(c) 06/26/25   2,026 1,965,493
Second Lien Initial Term Loan, 3 Month LIBOR + 8.500%^ 10.624(c) 06/26/26   1,000 965,000
          2,930,493
Computers 1.2%
McAfee LLC,          
Second Lien Initial Loan, 1 Month LIBOR + 8.500% 10.616(c) 09/29/25   1,619 1,633,589
Term B USD Loan, 1 Month LIBOR + 3.750% 5.866(c) 09/30/24   4,964 4,965,551
          6,599,140
Electric 0.4%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000%^ 		8.205(c) 07/30/26   2,150 2,096,250
Vistra Operations Co. LLC,
Initial Term B-1 Loan, 1 Month LIBOR + 2.000% 		4.112(c) 08/04/23   152 152,472
          2,248,722
Insurance 0.4%
Asurion LLC,
Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% 		8.612(c) 08/04/25   2,225 2,253,507
Oil & Gas 0.3%
Citgo Petroleum Corp.,          
2019 Incremental Term B Loan, 3 Month LIBOR + 5.000%^ 7.319(c) 03/27/24   873 879,359
Term B Loan, 3 Month LIBOR + 4.500% 6.819(c) 07/29/21   845 843,976
          1,723,335
1

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Pharmaceuticals 0.2%
NVA Holdings, Inc.,
Term B-3 Loan (First Lien), 1 Month LIBOR + 2.750% 		4.862 %(c) 02/02/25   1,236  $ 1,233,735
Retail 0.7%
CEC Entertainment, Inc.,
Term Loan 		—(p) 08/31/26   2,375 2,293,853
Sally Holdings LLC,
Term B-2 Loan^ 		4.500 07/05/24   1,625 1,576,250
          3,870,103
Software 0.9%
Finastra USA, Inc.,          
Dollar Term Loan (Second Lien), 6 Month LIBOR + 7.250% 9.446(c) 06/13/25   1,200 1,173,000
First Lien Dollar Term Loan, 1 - 6 Month LIBOR + 3.500% 5.696(c) 06/13/24   3,856 3,715,707
          4,888,707
Telecommunications 2.8%
Digicel International Finance Ltd. (Saint Lucia),
First Lien Initial Term B Loan, 3 Month LIBOR + 3.250% 		5.340(c) 05/27/24   2,358 2,014,133
Intelsat Jackson Holdings SA (Luxembourg),
Tranche B-5 Term Loan 		6.625 01/02/24   4,795 4,839,354
Xplornet Communications, Inc. (Canada),
New Term B Loan, 3 Month LIBOR + 4.000% 		6.330(c) 09/09/21   8,564 8,553,193
          15,406,680
     
 
Total Bank Loans
(cost $43,630,007) 		43,376,254
2

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds 115.1%
Advertising 0.8%
National CineMedia LLC,
Sr. Unsec’d. Notes 		5.750 % 08/15/26   1,175  $ 1,136,813
Outfront Media Capital LLC/Outfront Media Capital Corp.,
Gtd. Notes(aa) 		5.625 02/15/24   2,975 3,064,250
          4,201,063
Aerospace & Defense 2.5%
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 7.500 12/01/24   3,050 3,038,867
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   800 779,000
Sr. Unsec’d. Notes, 144A(aa) 7.875 04/15/27   2,525 2,446,094
Sr. Unsec’d. Notes, 144A(aa) 8.750 12/01/21   6,900 7,486,500
          13,750,461
Agriculture 0.4%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A(aa) 		6.125 02/01/25   2,500 2,450,000
Auto Manufacturers 1.3%
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 06/01/29   794 851,565
Ford Motor Co.,          
Sr. Unsec’d. Notes 4.750 01/15/43   2,450 2,210,390
Sr. Unsec’d. Notes 5.291 12/08/46   3,300 3,175,059
     
 
Ford Motor Credit Co. LLC,
Sr. Unsec’d. Notes 		5.584 03/18/24   310 333,229
Navistar International Corp.,
Gtd. Notes, 144A 		6.625 11/01/25   795 804,938
          7,375,181
Auto Parts & Equipment 2.4%
Adient Global Holdings Ltd.,
Gtd. Notes, 144A 		4.875 08/15/26   3,525 2,723,062
American Axle & Manufacturing, Inc.,          
Gtd. Notes 6.250 04/01/25   1,350 1,268,973
Gtd. Notes(aa) 6.250 03/15/26   1,236 1,146,390
Gtd. Notes(aa) 6.500 04/01/27   2,700 2,477,250
     
 
Cooper-Standard Automotive, Inc.,
Gtd. Notes, 144A 		5.625 11/15/26   2,100 1,800,750
3

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Parts & Equipment (cont’d.)
Dana Financing Luxembourg Sarl,          
Gtd. Notes, 144A 5.750 % 04/15/25   500  $ 510,000
Gtd. Notes, 144A 6.500 06/01/26   2,715 2,843,962
     
 
Titan International, Inc.,
Sr. Sec’d. Notes 		6.500 11/30/23   875 697,813
          13,468,200
Banks 0.9%
CIT Group, Inc.,
Sub. Notes 		6.125 03/09/28   1,500 1,794,375
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,875 3,105,575
          4,899,950
Beverages 0.3%
Cott Holdings, Inc. (Canada),
Gtd. Notes, 144A 		5.500 04/01/25   1,365 1,423,053
Building Materials 2.8%
Cornerstone Building Brands, Inc.,
Gtd. Notes, 144A 		8.000 04/15/26   1,600 1,516,000
Griffon Corp.,
Gtd. Notes(aa) 		5.250 03/01/22   3,928 3,956,321
Masonite International Corp.,          
Gtd. Notes, 144A 5.375 02/01/28   680 717,400
Gtd. Notes, 144A 5.750 09/15/26   825 873,469
     
 
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A 		4.750 01/15/28   2,475 2,487,375
Summit Materials LLC/Summit Materials Finance Corp.,          
Gtd. Notes 6.125 07/15/23   170 172,762
Gtd. Notes, 144A 6.500 03/15/27   1,500 1,612,500
     
 
U.S. Concrete, Inc.,
Gtd. Notes(aa) 		6.375 06/01/24   3,900 4,085,250
          15,421,077
Chemicals 6.0%
Alpha 2 BV (Germany),
Sr. Unsec’d. Notes, 144A, Cash coupon 8.750% or PIK 9.50% 		8.750 06/01/23   2,925 2,826,281
4

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
Ashland LLC,
Gtd. Notes 		6.875 % 05/15/43   2,125  $ 2,358,750
Chemours Co. (The),          
Gtd. Notes 5.375 05/15/27   1,385 1,229,188
Gtd. Notes(aa) 6.625 05/15/23   3,830 3,897,025
Gtd. Notes(aa) 7.000 05/15/25   1,905 1,881,187
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A(aa) 		6.750 08/15/24   2,255 2,074,600
Hexion, Inc.,
Gtd. Notes, 144A 		7.875 07/15/27   1,450 1,402,875
NOVA Chemicals Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.875 06/01/24   4,140 4,248,675
Sr. Unsec’d. Notes, 144A 5.250 06/01/27   2,400 2,505,000
     
 
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   3,225 3,031,500
Starfruit Finco BV/Starfruit US Holdco LLC (Netherlands),
Sr. Unsec’d. Notes, 144A 		8.000 10/01/26   2,405 2,344,875
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A 		10.500 08/01/24   975 1,023,750
Tronox Finance PLC,
Gtd. Notes, 144A 		5.750 10/01/25   750 695,625
Tronox, Inc.,
Gtd. Notes, 144A(aa) 		6.500 04/15/26   2,525 2,398,750
Venator Finance Sarl/Venator Materials LLC,
Gtd. Notes, 144A 		5.750 07/15/25   1,225 1,022,998
WR Grace & Co-Conn,
Gtd. Notes, 144A 		5.625 10/01/24   100 108,000
          33,049,079
Coal 0.1%
Warrior Met Coal, Inc.,
Sr. Sec’d. Notes, 144A 		8.000 11/01/24   500 521,875
Commercial Services 4.3%
Laureate Education, Inc.,
Gtd. Notes, 144A(aa) 		8.250 05/01/25   2,500 2,721,875
Nielsen Co. Luxembourg SARL (The),
Gtd. Notes, 144A(aa) 		5.500 10/01/21   677 678,963
Nielsen Finance LLC/Nielsen Finance Co.,
Gtd. Notes, 144A 		5.000 04/15/22   140 140,700
5

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Refinitiv US Holdings, Inc.,
Gtd. Notes, 144A(aa) 		8.250 % 11/15/26   7,662  $ 8,619,750
United Rentals North America, Inc.,          
Gtd. Notes(aa) 4.875 01/15/28   7,025 7,367,468
Gtd. Notes 5.250 01/15/30   1,425 1,522,969
Gtd. Notes(aa) 6.500 12/15/26   1,800 1,957,500
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A 		9.750 08/15/26   750 802,935
          23,812,160
Computers 2.6%
Banff Merger Sub, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		9.750 09/01/26   7,165 6,520,150
Dell International LLC/EMC Corp.,
Gtd. Notes, 144A(aa) 		7.125 06/15/24   3,670 3,868,987
Everi Payments, Inc.,
Gtd. Notes, 144A(aa) 		7.500 12/15/25   1,455 1,527,750
MTS Systems Corp.,
Gtd. Notes, 144A 		5.750 08/15/27   360 376,200
NCR Corp.,
Gtd. Notes, 144A 		5.750 09/01/27   1,000 1,056,060
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Unsec’d. Notes, 144A 		6.750 06/01/25   1,025 1,052,982
          14,402,129
Distribution/Wholesale 0.4%
Anixter, Inc.,
Gtd. Notes 		6.000 12/01/25   1,300 1,436,500
H&E Equipment Services, Inc.,
Gtd. Notes 		5.625 09/01/25   989 1,035,978
          2,472,478
Diversified Financial Services 4.4%
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 07/15/26   250 265,625
Sr. Unsec’d. Notes, 144A(aa) 9.750 07/15/27   2,400 2,514,000
Avolon Holdings Funding Ltd. (Ireland),          
Gtd. Notes, 144A 5.125 10/01/23   2,125 2,256,112
6

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
Avolon Holdings Funding Ltd. (Ireland), (cont’d.)          
Gtd. Notes, 144A 5.500 % 01/15/23   1,875   $1,997,625
     
 
Fairstone Financial, Inc. (Canada),
Sr. Unsec’d. Notes, 144A 		7.875 07/15/24   580 604,650
LPL Holdings, Inc.,
Gtd. Notes, 144A 		5.750 09/15/25   1,280 1,347,200
Nationstar Mortgage Holdings, Inc.,
Gtd. Notes, 144A(aa) 		8.125 07/15/23   6,200 6,420,596
Navient Corp.,
Sr. Unsec’d. Notes, MTN(aa) 		8.000 03/25/20   400 412,000
Park Aerospace Holdings Ltd. (Ireland),
Gtd. Notes, 144A 		5.500 02/15/24   150 162,210
Springleaf Finance Corp.,          
Gtd. Notes 6.625 01/15/28   500 548,750
Gtd. Notes(aa) 6.875 03/15/25   350 396,812
Gtd. Notes(aa) 7.125 03/15/26   6,074 6,927,397
     
 
VFH Parent LLC/Orchestra Co-Issuer, Inc.,
Sec’d. Notes, 144A 		6.750 06/15/22   325 335,563
          24,188,540
Electric 4.0%
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 5.875 01/15/24   550 561,748
Sr. Unsec’d. Notes(aa) 5.375 01/15/23   1,330 1,348,181
Sr. Unsec’d. Notes(aa) 5.500 02/01/24   2,350 2,367,602
Sr. Unsec’d. Notes(aa) 5.750 01/15/25   6,325 6,419,875
     
 
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   264 271,830
Keystone & Conemaugh Pass-Through Certificates,
Gtd. Notes, 144A 		9.000 12/01/23   86 87,428
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,150 2,316,625
Gtd. Notes, 144A 5.250 06/15/29   400 426,828
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 5.000 07/31/27   1,100 1,135,750
Sr. Unsec’d. Notes, 144A(aa) 5.625 02/15/27   6,950 7,358,313
          22,294,180
7

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Engineering & Construction 0.8%
AECOM,          
Gtd. Notes(aa) 5.125 % 03/15/27   2,490  $ 2,600,855
Gtd. Notes 5.875 10/15/24   300 324,000
     
 
TopBuild Corp.,
Gtd. Notes, 144A 		5.625 05/01/26   1,656 1,726,380
          4,651,235
Entertainment 5.9%
AMC Entertainment Holdings, Inc.,
Gtd. Notes(aa) 		5.875 11/15/26   3,900 3,568,500
Caesars Resort Collection LLC/CRC Finco, Inc.,
Gtd. Notes, 144A(aa) 		5.250 10/15/25   4,075 4,146,312
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		6.000 03/15/22   4,000 4,100,000
Eldorado Resorts, Inc.,
Gtd. Notes(aa) 		7.000 08/01/23   1,950 2,037,750
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A 		7.625 04/15/26   825 858,083
International Game Technology PLC,
Sr. Sec’d. Notes, 144A 		6.500 02/15/25   2,450 2,688,875
Jacobs Entertainment, Inc.,
Sec’d. Notes, 144A(aa) 		7.875 02/01/24   2,500 2,656,250
Lions Gate Capital Holdings LLC,
Gtd. Notes, 144A(aa) 		6.375 02/01/24   3,095 3,268,908
Penn National Gaming, Inc.,
Sr. Unsec’d. Notes, 144A 		5.625 01/15/27   2,055 2,109,149
Scientific Games International, Inc.,          
Gtd. Notes(aa) 6.625 05/15/21   3,025 3,074,156
Gtd. Notes(aa) 10.000 12/01/22   1,137 1,179,638
Gtd. Notes, 144A 8.250 03/15/26   2,075 2,199,500
     
 
Twin River Worldwide Holdings, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 06/01/27   675 711,281
          32,598,402
Foods 2.8%
B&G Foods, Inc.,
Gtd. Notes 		5.250 04/01/25   1,575 1,597,129
JBS USA LUX SA/JBS USA Finance, Inc.,
Gtd. Notes, 144A 		5.875 07/15/24   500 515,000
8

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods (cont’d.)
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes, 144A 6.500 % 04/15/29   2,025  $ 2,242,687
Sr. Unsec’d. Notes, 144A 5.500 01/15/30   350 371,000
     
 
Pilgrim’s Pride Corp.,
Gtd. Notes, 144A(aa) 		5.875 09/30/27   6,150 6,626,625
Post Holdings, Inc.,          
Gtd. Notes, 144A 5.500 12/15/29   1,725 1,823,687
Gtd. Notes, 144A 5.625 01/15/28   786 837,090
Gtd. Notes, 144A 5.750 03/01/27   1,350 1,434,375
          15,447,593
Forest Products & Paper 0.1%
Mercer International, Inc. (Germany),
Sr. Unsec’d. Notes 		7.750 12/01/22   590 605,488
Gas 0.9%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.500 05/20/25   600 634,500
Sr. Unsec’d. Notes(aa) 5.625 05/20/24   225 238,781
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   3,250 3,438,825
Sr. Unsec’d. Notes 5.875 08/20/26   675 733,017
          5,045,123
Healthcare-Services 6.7%
Acadia Healthcare Co., Inc.,
Gtd. Notes(aa) 		5.625 02/15/23   2,050 2,093,542
CHS/Community Health Systems, Inc.,          
Sec’d. Notes, 144A 8.125 06/30/24   950 722,000
Sr. Sec’d. Notes(aa) 6.250 03/31/23   1,475 1,427,210
     
 
Hadrian Merger Sub, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		8.500 05/01/26   1,477 1,414,228
HCA, Inc.,          
Gtd. Notes(aa) 5.625 09/01/28   3,350 3,811,672
Sr. Sec’d. Notes(aa) 4.750 05/01/23   4,700 5,051,919
     
 
MEDNAX, Inc.,
Gtd. Notes, 144A(aa) 		6.250 01/15/27   4,325 4,238,500
Molina Healthcare, Inc.,
Sr. Unsec’d. Notes(aa) 		5.375 11/15/22   1,610 1,720,752
9

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
     
Polaris Intermediate Corp.,
Sr. Unsec’d. Notes, 144A, Cash coupon 8.500% or PIK N/A 		8.500 % 12/01/22   1,260  $ 1,058,400
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A(aa) 		9.750 12/01/26   4,175 4,462,031
Surgery Center Holdings, Inc.,
Gtd. Notes, 144A 		10.000 04/15/27   1,750 1,675,625
Tenet Healthcare Corp.,          
Sr. Sec’d. Notes, 144A 5.125 11/01/27   375 387,656
Sr. Unsec’d. Notes(aa) 6.750 06/15/23   4,050 4,161,375
Sr. Unsec’d. Notes(aa) 7.000 08/01/25   3,900 3,939,000
Sr. Unsec’d. Notes(aa) 8.125 04/01/22   1,050 1,131,270
          37,295,180
Home Builders 8.0%
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A(aa) 		9.875 04/01/27   2,608 2,842,720
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,350 1,279,125
Gtd. Notes(aa) 8.750 03/15/22   5,800 6,053,750
     
 
Brookfield Residential Properties, Inc./Brookfield Residential US Corp. (Canada),
Gtd. Notes, 144A(aa) 		6.125 07/01/22   3,250 3,294,687
Century Communities, Inc.,
Sr. Unsec’d. Notes, 144A 		6.750 06/01/27   1,750 1,855,000
Forestar Group, Inc.,
Gtd. Notes, 144A 		8.000 04/15/24   1,025 1,100,594
KB Home,
Gtd. Notes 		6.875 06/15/27   1,600 1,800,000
Lennar Corp.,          
Gtd. Notes(aa) 4.125 01/15/22   2,600 2,678,000
Gtd. Notes 6.250 12/15/21   350 370,562
M/I Homes, Inc.,          
Gtd. Notes 5.625 08/01/25   1,000 1,035,000
Gtd. Notes(aa) 6.750 01/15/21   3,225 3,269,344
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A 6.500 10/01/25   300 318,000
Sr. Unsec’d. Notes, 144A(aa) 6.875 12/15/23   2,475 2,577,094
     
 
Meritage Homes Corp.,
Gtd. Notes(aa) 		5.125 06/06/27   2,748 2,892,270
10

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
     
New Home Co., Inc. (The),
Gtd. Notes(aa) 		7.250 % 04/01/22   3,150  $ 2,992,500
PulteGroup, Inc.,
Gtd. Notes 		5.000 01/15/27   812 872,900
Taylor Morrison Communities, Inc.,
Gtd. Notes, 144A 		5.875 06/15/27   400 429,000
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,
Gtd. Notes, 144A(aa) 		5.625 03/01/24   1,873 1,966,650
TRI Pointe Group, Inc.,
Gtd. Notes(aa) 		4.875 07/01/21   2,400 2,475,000
William Lyon Homes, Inc.,          
Gtd. Notes 5.875 01/31/25   1,400 1,414,000
Gtd. Notes 6.000 09/01/23   50 51,875
Gtd. Notes(aa) 7.000 08/15/22   308 308,770
Gtd. Notes, 144A 6.625 07/15/27   2,400 2,400,000
          44,276,841
Home Furnishings 0.1%
Tempur Sealy International, Inc.,
Gtd. Notes 		5.625 10/15/23   775 798,250
Household Products/Wares 0.1%
Spectrum Brands, Inc.,
Gtd. Notes 		6.625 11/15/22   700 712,250
Housewares 0.2%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 5.250 12/15/26   170 176,375
Gtd. Notes 6.000 10/15/23   700 724,836
          901,211
Internet 1.4%
Zayo Group LLC/Zayo Capital, Inc.,
Gtd. Notes(aa) 		6.000 04/01/23   7,705 7,946,783
11

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Iron/Steel 0.8%
Cleveland-Cliffs, Inc.,          
Gtd. Notes 5.750 % 03/01/25   728  $ 729,820
Gtd. Notes, 144A(aa) 5.875 06/01/27   3,825 3,729,375
          4,459,195
Lodging 1.4%
Boyd Gaming Corp.,
Gtd. Notes 		6.000 08/15/26   723 763,669
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp.,          
Sec’d. Notes, 144A(aa) 10.250 11/15/22   1,775 1,883,719
Sr. Sec’d. Notes, 144A(aa) 6.750 11/15/21   4,100 4,192,250
     
 
MGM Resorts International,
Gtd. Notes 		5.500 04/15/27   1,050 1,137,937
          7,977,575
Machinery-Diversified 0.4%
Cloud Crane LLC,
Sec’d. Notes, 144A(aa) 		10.125 08/01/24   1,975 2,123,125
Media 11.3%
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A(aa) 5.125 05/01/23   4,455 4,557,465
Sr. Unsec’d. Notes, 144A(aa) 5.375 06/01/29   2,375 2,538,281
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   500 526,875
Clear Channel Worldwide Holdings, Inc.,          
Gtd. Notes, 144A(aa) 9.250 02/15/24   5,436 5,959,215
Gtd. Notes, Series A 6.500 11/15/22   2,097 2,142,442
Gtd. Notes, Series B 6.500 11/15/22   2,403 2,455,073
Sr. Sec’d. Notes, 144A 5.125 08/15/27   900 941,625
CSC Holdings LLC,          
Sr. Unsec’d. Notes, 144A(aa) 5.125 12/15/21   1,888 1,890,360
Sr. Unsec’d. Notes, 144A(aa) 5.125 12/15/21   4,930 4,936,162
     
 
Cumulus Media New Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		6.750 07/01/26   750 772,500
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A 6.625 08/15/27   990 1,037,025
Sr. Sec’d. Notes, 144A 5.375 08/15/26   925 971,250
DISH DBS Corp.,          
Gtd. Notes 5.000 03/15/23   275 269,844
12

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
DISH DBS Corp., (cont’d.)          
Gtd. Notes 5.875 % 11/15/24   1,575  $ 1,498,297
Gtd. Notes(aa) 7.750 07/01/26   9,955 9,780,787
Entercom Media Corp.,          
Gtd. Notes, 144A 7.250 11/01/24   500 508,125
Sec’d. Notes, 144A 6.500 05/01/27   860 890,100
Gray Television, Inc.,          
Gtd. Notes, 144A 5.125 10/15/24   125 129,063
Sr. Unsec’d. Notes, 144A(aa) 7.000 05/15/27   2,100 2,296,245
     
 
Mediacom Broadband LLC/Mediacom Broadband Corp.,
Sr. Unsec’d. Notes 		5.500 04/15/21   236 236,000
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 08/15/27   550 570,917
Nexstar Broadcasting, Inc.,          
Gtd. Notes 5.875 11/15/22   850 864,875
Gtd. Notes, 144A(aa) 6.125 02/15/22   1,035 1,047,938
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Unsec’d. Notes, 144A(aa) 6.625 02/15/25   3,425 3,399,312
Sr. Unsec’d. Notes, 144A(aa) 6.875 02/15/23   1,055 1,076,100
     
 
Scripps Escrow, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 07/15/27   490 494,288
Sinclair Television Group, Inc.,          
Gtd. Notes(aa) 6.125 10/01/22   2,200 2,230,250
Gtd. Notes, 144A(aa) 5.625 08/01/24   2,080 2,142,400
TEGNA, Inc.,          
Gtd. Notes(aa) 5.125 10/15/19   346 346,381
Gtd. Notes(aa) 6.375 10/15/23   1,910 1,963,480
     
 
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		5.125 05/15/23   4,390 4,335,125
          62,807,800
Metal Fabricate/Hardware 0.3%
Zekelman Industries, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		9.875 06/15/23   1,433 1,512,532
Mining 3.4%
Constellium SE,
Gtd. Notes, 144A(aa) 		6.625 03/01/25   2,380 2,491,562
Eldorado Gold Corp. (Canada),
Sec’d. Notes, 144A 		9.500 06/01/24   1,750 1,881,250
13

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mining (cont’d.)
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.875 % 03/01/26   500  $ 444,375
Gtd. Notes, 144A 7.250 05/15/22   1,565 1,521,963
Gtd. Notes, 144A 7.500 04/01/25   1,930 1,765,950
Freeport-McMoRan, Inc.,          
Gtd. Notes 3.550 03/01/22   643 644,608
Gtd. Notes 3.875 03/15/23   3,100 3,132,240
     
 
IAMGOLD Corp. (Canada),
Gtd. Notes, 144A(aa) 		7.000 04/15/25   1,750 1,824,375
New Gold, Inc. (Canada),          
Gtd. Notes, 144A(aa) 6.250 11/15/22   825 808,500
Gtd. Notes, 144A 6.375 05/15/25   350 313,250
Novelis Corp.,          
Gtd. Notes, 144A 5.875 09/30/26   1,575 1,663,594
Gtd. Notes, 144A(aa) 6.250 08/15/24   2,063 2,160,992
          18,652,659
Miscellaneous Manufacturing 0.2%
Amsted Industries, Inc.,
Gtd. Notes, 144A 		5.625 07/01/27   575 613,812
FXI Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 11/01/24   225 199,688
          813,500
Oil & Gas 9.7%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes 		7.875 12/15/24   5,325 958,500
Antero Resources Corp.,          
Gtd. Notes 5.000 03/01/25   1,700 1,470,500
Gtd. Notes(aa) 5.625 06/01/23   3,825 3,528,562
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Sr. Unsec’d. Notes, 144A 7.000 11/01/26   450 371,678
Sr. Unsec’d. Notes, 144A(aa) 10.000 04/01/22   4,944 4,956,360
     
 
Chesapeake Energy Corp.,
Gtd. Notes(aa) 		8.000 06/15/27   5,680 4,103,857
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A 		9.250 08/01/24   1,750 1,850,625
CNX Resources Corp.,
Gtd. Notes(aa) 		5.875 04/15/22   3,263 3,156,952
14

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
     
CrownRock LP/CrownRock Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		5.625 % 10/15/25   825  $ 816,750
Denbury Resources, Inc.,
Sec’d. Notes, 144A 		9.000 05/15/21   250 227,500
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		5.500 01/30/26   1,925 1,999,594
Extraction Oil & Gas, Inc.,          
Gtd. Notes, 144A(aa) 5.625 02/01/26   2,702 1,783,320
Gtd. Notes, 144A 7.375 05/15/24   975 731,250
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 10/01/25   1,075 1,002,437
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,658 1,525,360
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A(aa) 6.375 01/30/23   5,500 5,197,500
Gtd. Notes, 144A(aa) 7.000 03/31/24   325 309,156
     
 
Nabors Industries, Inc.,
Gtd. Notes(aa) 		5.750 02/01/25   3,900 3,120,000
Precision Drilling Corp. (Canada),
Gtd. Notes, 144A 		7.125 01/15/26   2,560 2,284,800
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   1,000 820,000
Gtd. Notes(aa) 5.000 03/15/23   2,675 2,367,375
Gtd. Notes(aa) 5.875 07/01/22   458 438,535
     
 
Sunoco LP/Sunoco Finance Corp.,
Gtd. Notes(aa) 		4.875 01/15/23   1,450 1,482,625
Transocean, Inc.,          
Gtd. Notes, 144A 7.250 11/01/25   1,870 1,701,700
Gtd. Notes, 144A 7.500 01/15/26   3,200 2,920,000
     
 
Valaris PLC,
Sr. Unsec’d. Notes 		7.750 02/01/26   3,112 1,975,498
WPX Energy, Inc.,          
Sr. Unsec’d. Notes 5.250 09/15/24   1,650 1,674,750
Sr. Unsec’d. Notes 6.000 01/15/22   725 744,938
          53,520,122
Oil & Gas Services 0.1%
Nine Energy Service, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		8.750 11/01/23   675 609,188
15

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Packaging & Containers 1.7%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, Cash coupon 7.125% or PIK 7.875%(aa) 		7.125 % 09/15/23   4,925  $ 5,054,281
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu,
Sr. Sec’d. Notes(aa) 		5.750 10/15/20   4,143 4,153,293
          9,207,574
Pharmaceuticals 1.4%
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A(aa) 6.125 04/15/25   4,600 4,738,000
Gtd. Notes, 144A 7.000 01/15/28   825 864,542
Gtd. Notes, 144A(aa) 7.250 05/30/29   1,110 1,173,825
     
 
NVA Holdings, Inc.,
Gtd. Notes, 144A 		6.875 04/01/26   800 854,240
          7,630,607
Pipelines 2.6%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes(aa) 5.375 09/15/24   530 499,525
Gtd. Notes, 144A(aa) 5.750 01/15/28   2,425 2,200,688
     
 
CNX Midstream Partners LP/CNX Midstream Finance Corp.,
Sr. Unsec’d. Notes, 144A 		6.500 03/15/26   900 841,950
DCP Midstream Operating LP,          
Gtd. Notes 5.125 05/15/29   1,550 1,588,828
Gtd. Notes 5.600 04/01/44   690 650,325
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes(aa) 7.000 06/15/23   1,350 1,363,500
Gtd. Notes, 144A 7.000 08/01/27   1,300 1,316,250
NGPL PipeCo LLC,          
Sr. Unsec’d. Notes, 144A 4.875 08/15/27   25 26,539
Sr. Unsec’d. Notes, 144A 7.768 12/15/37   1,200 1,564,536
     
 
16

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
     
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.,
Gtd. Notes, 144A(aa) 		5.500 % 01/15/28   2,854  $ 2,686,327
Targa Resources Partners LP/Targa Resources Partners Finance Corp.,
Gtd. Notes 		5.375 02/01/27   1,400 1,444,520
          14,182,988
Real Estate 1.2%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A 		7.875 11/15/25   1,925 1,931,016
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A 		5.750 12/01/25   2,000 2,050,700
Howard Hughes Corp. (The),
Sr. Unsec’d. Notes, 144A 		5.375 03/15/25   775 798,250
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A 		6.250 02/15/26   1,725 1,677,562
          6,457,528
Real Estate Investment Trusts (REITs) 1.2%
GLP Capital LP/GLP Financing II, Inc.,
Gtd. Notes(aa) 		5.375 11/01/23   1,500 1,625,340
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.,
Gtd. Notes 		4.500 01/15/28   2,000 2,045,000
MPT Operating Partnership LP/MPT Finance Corp.,
Gtd. Notes 		5.000 10/15/27   2,075 2,215,062
VICI Properties 1 LLC/VICI FC, Inc.,
Sec’d. Notes(aa) 		8.000 10/15/23   748 816,644
          6,702,046
Retail 6.3%
Beacon Roofing Supply, Inc.,          
Gtd. Notes(aa) 6.375 10/01/23   775 802,396
Gtd. Notes, 144A 4.875 11/01/25   700 690,375
     
 
Brinker International, Inc.,
Gtd. Notes, 144A(aa) 		5.000 10/01/24   1,250 1,287,500
Carvana Co.,
Gtd. Notes, 144A(aa) 		8.875 10/01/23   3,775 3,888,250
17

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
     
CEC Entertainment, Inc.,
Gtd. Notes(aa) 		8.000 % 02/15/22   1,150  $ 1,092,500
Ferrellgas LP/Ferrellgas Finance Corp.,          
Gtd. Notes 6.750 06/15/23   825 693,000
Sr. Unsec’d. Notes 6.500 05/01/21   1,850 1,572,500
Sr. Unsec’d. Notes 6.750 01/15/22   925 781,625
Ferrellgas Partners LP/Ferrellgas Partners Finance
Corp., 		         
Sr. Unsec’d. Notes 8.625 06/15/20   975 728,033
Sr. Unsec’d. Notes 8.625 06/15/20   2,600 1,941,420
Golden Nugget, Inc.,          
Gtd. Notes, 144A(aa) 8.750 10/01/25   1,300 1,363,375
Sr. Unsec’d. Notes, 144A(aa) 6.750 10/15/24   2,724 2,785,290
L Brands, Inc.,          
Gtd. Notes(aa) 5.625 10/15/23   595 624,750
Gtd. Notes 6.750 07/01/36   1,275 1,071,000
Gtd. Notes 6.875 11/01/35   2,000 1,690,000
     
 
Michaels Stores, Inc.,
Gtd. Notes, 144A 		8.000 07/15/27   1,400 1,340,808
PetSmart, Inc.,          
Gtd. Notes, 144A 7.125 03/15/23   1,200 1,116,000
Sr. Sec’d. Notes, 144A 5.875 06/01/25   1,882 1,844,360
     
 
Rite Aid Corp.,
Gtd. Notes, 144A 		6.125 04/01/23   3,900 3,149,250
Sally Holdings LLC/Sally Capital, Inc.,          
Gtd. Notes 5.500 11/01/23   200 203,000
Gtd. Notes 5.625 12/01/25   2,025 2,030,062
     
 
Suburban Propane Partners LP/Suburban Energy Finance Corp.,
Sr. Unsec’d. Notes 		5.750 03/01/25   1,610 1,634,150
Yum! Brands, Inc.,
Sr. Unsec’d. Notes(aa) 		3.875 11/01/20   2,400 2,418,000
          34,747,644
Semiconductors 0.2%
NXP BV/NXP Funding LLC (Netherlands),
Gtd. Notes, 144A(aa) 		3.875 09/01/22   1,090 1,129,950
Software 2.3%
Dun & Bradstreet Corp. (The),
Sr. Sec’d. Notes, 144A 		6.875 08/15/26   175 189,656
18

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Software (cont’d.)
Infor US, Inc.,
Gtd. Notes(aa) 		6.500 % 05/15/22   2,354  $ 2,392,253
Informatica LLC,
Sr. Unsec’d. Notes, 144A 		7.125 07/15/23   200 203,500
IQVIA, Inc.,
Gtd. Notes, 144A 		5.000 05/15/27   725 765,781
RP Crown Parent LLC,
Gtd. Notes, 144A(aa) 		7.375 10/15/24   1,410 1,469,516
TIBCO Software, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		11.375 12/01/21   7,180 7,539,000
          12,559,706
Telecommunications 9.6%
C&W Senior Financing DAC (Ireland),
Sr. Unsec’d. Notes, 144A 		6.875 09/15/27   1,425 1,517,468
CenturyLink, Inc.,          
Sr. Unsec’d. Notes(aa) 5.625 04/01/25   2,830 2,893,675
Sr. Unsec’d. Notes, Series P 7.600 09/15/39   1,200 1,152,000
Sr. Unsec’d. Notes, Series U 7.650 03/15/42   1,930 1,843,150
     
 
CommScope Technologies LLC,
Gtd. Notes, 144A(aa) 		6.000 06/15/25   2,125 1,896,562
CommScope, Inc.,          
Gtd. Notes, 144A(aa) 5.500 06/15/24   6,050 5,724,812
Gtd. Notes, 144A 8.250 03/01/27   1,000 980,000
     
 
Digicel Group One Ltd. (Jamaica),
Sr. Sec’d. Notes, 144A 		8.250 12/30/22   425 238,000
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd. (Saint Lucia),
Sr. Sec’d. Notes, 144A 		8.750 05/25/24   3,050 2,867,000
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A 		6.750 03/01/23   5,500 2,323,750
Embarq Corp.,
Sr. Unsec’d. Notes 		7.995 06/01/36   2,700 2,646,972
Intelsat Jackson Holdings SA (Luxembourg),          
Gtd. Notes 5.500 08/01/23   600 546,000
Gtd. Notes, 144A(aa) 9.750 07/15/25   1,935 1,985,794
     
 
Iridium Communications, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		10.250 04/15/23   2,850 3,092,250
Level 3 Parent LLC,
Sr. Unsec’d. Notes(aa) 		5.750 12/01/22   925 931,938
19

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications (cont’d.)
     
ORBCOMM, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		8.000 % 04/01/24   4,000  $ 4,130,000
Sprint Capital Corp.,          
Gtd. Notes 6.875 11/15/28   900 997,875
Gtd. Notes 8.750 03/15/32   5,845 7,320,746
Sprint Corp.,          
Gtd. Notes(aa) 7.250 09/15/21   970 1,043,429
Gtd. Notes(aa) 7.625 02/15/25   2,025 2,265,469
Gtd. Notes 7.625 03/01/26   1,000 1,123,750
     
 
T-Mobile USA, Inc.,
Gtd. Notes(aa) 		6.375 03/01/25   1,200 1,242,600
West Corp.,
Gtd. Notes, 144A(aa) 		8.500 10/15/25   5,220 4,045,500
Xplornet Communications, Inc. (Canada),
Gtd. Notes, 144A, Cash coupon 9.625% or PIK 10.625% 		9.625 06/01/22   579 590,802
          53,399,542
Transportation 0.8%
XPO Logistics, Inc.,          
Gtd. Notes, 144A 6.125 09/01/23   200 206,800
Gtd. Notes, 144A 6.500 06/15/22   1,405 1,435,812
Gtd. Notes, 144A(aa) 6.750 08/15/24   2,800 3,017,000
          4,659,612
Total Corporate Bonds
(cost $630,483,137) 		637,160,675
    
      Shares  
Common Stocks 0.4%
Electric Utilities 0.4%
GenOn Energy Holdings, Inc. (Class A Stock)^*       9,187 1,814,433
Keycon Power Holdings LLC^*       1,100 335,500
          2,149,933
20

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of August 31, 2019 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 0.0%
Frontera Energy Corp. (Colombia)^       2,066  $ 19,895
     
 
Total Common Stocks
(cost $1,432,666) 		2,169,828
 
Total Long-Term Investments
(cost $675,545,810) 		682,706,757
    
         
Short-Term Investment 7.0%
Affiliated Mutual Fund 
PGIM Core Ultra Short Bond Fund
(cost $38,601,196)(w) 		    38,601,196 38,601,196
 
TOTAL INVESTMENTS 130.3%
(cost $714,147,006) 		721,307,953
Liabilities in excess of other assets (30.3)% (167,637,610)
 
Net Assets 100.0% $ 553,670,343
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  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.
  LIBOR—London Interbank Offered Rate
  MTN—Medium Term Note
  PIK—Payment-in-Kind
  REITs—Real Estate Investment Trust
    
* Non-income producing security.
# Principal amount is shown in U.S. dollars unless otherwise stated.
^ Indicates a Level 3 security. The aggregate value of Level 3 securities is $9,652,180 and 1.7% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $381,787,497 segregated as collateral for amount of $180,000,000 borrowed and outstanding as of August 31, 2019.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at August 31, 2019.
(p) Interest rate not available as of August 31, 2019.
(w) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
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).
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