0001683863-21-005780.txt : 20210929 0001683863-21-005780.hdr.sgml : 20210929 20210929170459 ACCESSION NUMBER: 0001683863-21-005780 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210929 DATE AS OF CHANGE: 20210929 EFFECTIVENESS DATE: 20210929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 15 CENTRAL INDEX KEY: 0000278187 IRS NUMBER: 132974999 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-63394 FILM NUMBER: 211292568 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: (973) 367-8982 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 17TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL HIGH YIELD FUND, INC. DATE OF NAME CHANGE: 20100219 FORMER COMPANY: FORMER CONFORMED NAME: DRYDEN HIGH YIELD FUND INC DATE OF NAME CHANGE: 20041213 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL HIGH YIELD FUND INC DATE OF NAME CHANGE: 19950523 0000278187 S000004516 PGIM HIGH YIELD FUND C000012404 Class R JDYRX C000012405 Class A PBHAX C000012407 Class C PRHCX C000012408 Class Z PHYZX C000109372 Class R6 PHYQX C000196888 Class R2 PHYEX C000196889 Class R4 PHYGX 0000278187 S000038590 PGIM Short Duration High Yield Income Fund C000119073 Class A HYSAX C000119074 Class C HYSCX C000119075 Class Z HYSZX C000147930 Class R6 HYSQX 497 1 f9884d1.htm PM SUPPLEMENT PM Supplement
 

Prudential Investment Portfolios, Inc. 15

PGIM High Yield Fund

PGIM Short Duration High Yield Income Fund

(collectively referred to as the "Funds")

Supplement dated September 29, 2021 to each Fund's Currently Effective

Statement of Additional Information (SAI)

You should read this Supplement in conjunction with each Fund's SAI, as applicable, and retain it for future reference.

Effective September 30, 2021, Brian Barnhurst, CFA is added a portfolio manager to each Fund.

Effective September 30, 2021, each Fund's SAI is revised as follows:

1.The table in the section of each SAI entitled "Management of the Fund" is hereby revised by adding the following:

PGIM High Yield Fund:

Subadviser

Portfolio

Registered

Other Pooled

Other Accounts/

 

Managers

Investment

Investment

Total Assets*

 

 

Companies/Total

Vehicles/ Total

 

 

 

Assets*

Assets*

 

PGIM Fixed

 

 

 

 

Income/PGIM

Brian Barnhurst,

 

11/$9,087,828,243

35/$14,796,284,482

Limited

CFA

10/$10,126,771,386

1/$110,113,532

4/$1,207,170,538

*Information is as of Augusta 31, 2021.

PGIM Short Duration High Yield Income Fund:

Subadviser

Portfolio

Registered

Other Pooled

Other Accounts/

 

Managers

Investment

Investment

Total Assets*

 

 

Companies/Total

Vehicles/ Total

 

 

 

Assets*

Assets*

 

PGIM Fixed

Brian Barnhurst,

 

11/$9,087,828,243

35/$14,796,284,482

Income

CFA

10/$29,280,563,078

1/$110,113,532

4/$1,207,170,538

*Information is as of Augusta 31, 2021.

LR1383

 

 

2.The section of each SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Personal Investments and Financial Interests" is revised by adding the following:

PGIM High Yield Fund:

Personal Investments and Financial Interests of the Portfolio Managers

Subadviser

Portfolio Managers

Investments and Other

 

 

Financial Interests in the

 

 

Funds and Similar Strategies*

PGIM Fixed Income/PGIM Limited Brian Barnhurst, CFA

$100,001 - $500,000**

*"Investments and Other Financial Interests in the Funds and Similar Strategies" include direct investment in the Funds and investment in all other investment accounts which are managed by the same portfolio manager that utilize investment strategies, investment objectives and mandates that are similar to those of the Funds. "Other financial interests" are interests related to awards under a targeted long-term incentive plan, the value of which is subject to increase or decrease based on the performance of the Funds. "Other Investment Accounts" in similar strategies include other PGIM mutual funds, insurance company separate accounts, and collective and commingled trusts.

The dollar range for Brian Barnhurst's investment in the Fund is as follows: $10,001 - $50,000.

**Information is as of Augusta 31, 2021.

PGIM Short Duration High Yield Income Fund:

Personal Investments and Financial Interests of the Portfolio Managers

Subadviser

Portfolio Managers

Investments and Other

 

 

Financial Interests in the

 

 

Funds and Similar Strategies*

PGIM Fixed Income

Brian Barnhurst, CFA

None**

*"Investments and Other Financial Interests in the Funds and Similar Strategies" include direct investment in the Funds and investment in all other investment accounts which are managed by the same portfolio manager that utilize investment strategies, investment objectives and mandates that are similar to those of the Funds. "Other financial interests" are interests related to awards under a targeted long-term incentive plan, the value of which is subject to increase or decrease based on the performance of the Funds. "Other Investment Accounts" in similar strategies include other PGIM mutual funds, insurance company separate accounts, and collective and commingled trusts.

The dollar range for Brian Barnhurst's investment in the Fund is as follows: None.

**Information is as of Augusta 31, 2021.

LR1383