PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 123.9%
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%) 		7.994 %(c) 07/15/30   3,692  $3,711,404
Battalion CLO Ltd. (Cayman Islands),
Series 2015-08A, Class A1R2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) 		6.727(c) 07/18/30   1,720 1,711,954
BlueMountain CLO Ltd. (Cayman Islands),
Series 2016-02A, Class A1R2, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) 		6.761(c) 08/20/32   3,000 2,965,500
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands),
Series 2014-01A, Class A1R2, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) 		6.634(c) 04/17/31   2,855 2,844,086
CIFC Funding Ltd. (Cayman Islands),
Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.302% (Cap N/A, Floor 0.000%) 		6.717(c) 04/20/31   2,712 2,697,045
Guggenheim CLO STAT Ltd. (Cayman Islands),
Series 2022-01A, Class A1A, 144A, 3 Month SOFR + 2.590% (Cap N/A, Floor 2.590%) 		7.968(c) 10/25/31   1,700 1,708,202
KKR CLO Ltd. (Cayman Islands),
Series 11, Class AR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.442%) 		6.835(c) 01/15/31   1,739 1,732,916
KKR Static CLO Ltd. (Cayman Islands),
Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%) 		7.636(c) 10/20/31   1,651 1,652,200
Madison Park Funding Ltd. (Cayman Islands),
Series 2015-18A, Class ARR, 144A, 3 Month SOFR + 1.202% (Cap N/A, Floor 0.940%) 		6.614(c) 10/21/30   2,444 2,430,783
OFSI BSL Ltd. (Cayman Islands),
Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) 		7.816(c) 01/20/35   2,250 2,265,763
Palmer Square Loan Funding Ltd. (Cayman Islands),
Series 2022-03A, Class A1A, 144A, 3 Month SOFR + 1.820% (Cap N/A, Floor 1.820%) 		7.214(c) 04/15/31   3,418 3,432,046
Shackleton CLO Ltd. (Cayman Islands),
Series 2017-11A, Class AR, 144A, 3 Month SOFR + 1.352% (Cap N/A, Floor 0.262%) 		6.716(c) 08/15/30   2,033 2,027,898
Signal Peak CLO Ltd.,
Series 2018-05A, Class A, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%) 		6.750(c) 04/25/31   2,255 2,246,503
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 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%) 		7.786 %(c) 01/20/31   1,864  $1,867,933
Voya CLO Ltd. (Cayman Islands),          
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) 6.610(c) 04/25/31   1,188 1,183,530
Series 2015-03A, Class A1R, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.452%) 6.867(c) 10/20/31   4,000 3,985,107
     
 
Total Asset-Backed Securities
(cost $38,109,206) 		38,462,870
Convertible Bond 0.0%
Telecommunications 
Digicel Group Holdings Ltd. (Jamaica),
Sub. Notes, 144A, Cash coupon 7.000% (original cost $5,338; purchased 03/21/23 - 04/03/23)(f)
(cost $5,338) 		7.000 11/16/23(d)(oo)   36 1,811
Corporate Bonds 108.2%
Advertising 0.4%
CMG Media Corp.,
Gtd. Notes, 144A(aa) 		8.875 12/15/27   1,965 1,527,230
Aerospace & Defense 3.1%
Boeing Co. (The),          
Sr. Unsec’d. Notes(aa) 5.805 05/01/50   2,650 2,283,557
Sr. Unsec’d. Notes 5.930 05/01/60   750 630,925
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A 6.000 02/15/28   1,550 1,367,875
Sr. Unsec’d. Notes, 144A 7.125 06/15/26   875 839,368
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   768 765,120
Sr. Unsec’d. Notes, 144A 7.500 02/01/29   1,350 1,250,438
Sr. Unsec’d. Notes, 144A(aa) 7.875 04/15/27   3,040 2,926,000
     
 
Spirit AeroSystems, Inc.,
Sec’d. Notes, 144A 		7.500 04/15/25   400 398,970
TransDigm, Inc.,          
Gtd. Notes 4.625 01/15/29   600 516,946
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Aerospace & Defense (cont’d.)
TransDigm, Inc., (cont’d.)          
Gtd. Notes(aa) 5.500 % 11/15/27   1,825  $1,700,501
Sr. Sec’d. Notes, 144A 6.250 03/15/26   600 586,650
          13,266,350
Agriculture 0.3%
Vector Group Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 02/01/29   1,350 1,144,561
Airlines 1.7%
American Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 7.250 02/15/28   350 325,880
Sr. Sec’d. Notes, 144A 11.750 07/15/25   725 768,544
American Airlines, Inc./AAdvantage Loyalty IP Ltd.,          
Sr. Sec’d. Notes, 144A(aa) 5.500 04/20/26   958 931,883
Sr. Sec’d. Notes, 144A(aa) 5.750 04/20/29   1,425 1,285,464
     
 
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.,
Sr. Sec’d. Notes, 144A 		5.750 01/20/26   625 461,719
United Airlines, Inc.,          
Sr. Sec’d. Notes, 144A 4.375 04/15/26   1,080 1,004,500
Sr. Sec’d. Notes, 144A 4.625 04/15/29   830 701,721
VistaJet Malta Finance PLC/Vista Management Holding,
Inc. (Switzerland), 		         
Sr. Unsec’d. Notes, 144A 6.375 02/01/30   750 499,912
Sr. Unsec’d. Notes, 144A 7.875 05/01/27   1,100 842,875
Sr. Unsec’d. Notes, 144A 9.500 06/01/28   475 363,375
          7,185,873
Apparel 0.4%
Kontoor Brands, Inc.,
Gtd. Notes, 144A 		4.125 11/15/29   375 310,451
Wolverine World Wide, Inc.,
Gtd. Notes, 144A 		4.000 08/15/29   1,825 1,358,985
          1,669,436
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Manufacturers 2.2%
Ford Motor Co.,          
Sr. Unsec’d. Notes 3.250 % 02/12/32   725  $546,454
Sr. Unsec’d. Notes(aa) 4.750 01/15/43   3,925 2,722,459
Sr. Unsec’d. Notes 5.291 12/08/46   1,450 1,053,126
Sr. Unsec’d. Notes 7.400 11/01/46   200 187,927
Ford Motor Credit Co. LLC,          
Sr. Unsec’d. Notes 3.375 11/13/25   725 676,478
Sr. Unsec’d. Notes 4.000 11/13/30   400 329,464
Sr. Unsec’d. Notes 5.584 03/18/24   310 308,508
Sr. Unsec’d. Notes 6.800 05/12/28   200 199,499
Sr. Unsec’d. Notes 6.950 03/06/26   375 376,098
     
 
Jaguar Land Rover Automotive PLC (United Kingdom),
Gtd. Notes, 144A 		7.750 10/15/25   1,000 1,000,000
Nissan Motor Co. Ltd. (Japan),
Sr. Unsec’d. Notes, 144A 		4.810 09/17/30   650 550,647
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A 		9.500 10/01/28   1,325 1,245,606
          9,196,266
Auto Parts & Equipment 1.4%
Adient Global Holdings Ltd.,          
Gtd. Notes, 144A 4.875 08/15/26   1,161 1,078,279
Sr. Sec’d. Notes, 144A 7.000 04/15/28   400 392,704
American Axle & Manufacturing, Inc.,          
Gtd. Notes 6.250 03/15/26   271 261,862
Gtd. Notes(aa) 6.500 04/01/27   806 760,242
     
 
Clarios Global LP/Clarios US Finance Co.,
Gtd. Notes, 144A 		8.500 05/15/27   375 369,525
Dana Financing Luxembourg Sarl,
Gtd. Notes, 144A 		5.750 04/15/25   250 243,125
Dana, Inc.,          
Sr. Unsec’d. Notes 4.250 09/01/30   250 198,251
Sr. Unsec’d. Notes 4.500 02/15/32   600 469,648
Sr. Unsec’d. Notes 5.375 11/15/27   200 183,919
Sr. Unsec’d. Notes 5.625 06/15/28   600 543,645
     
 
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Auto Parts & Equipment (cont’d.)
     
Tenneco, Inc.,
Sr. Sec’d. Notes, 144A 		8.000 % 11/17/28   1,000  $802,501
Titan International, Inc.,
Sr. Sec’d. Notes 		7.000 04/30/28   950 867,803
          6,171,504
Banks 0.7%
Citigroup, Inc.,
Jr. Sub. Notes 		3.875(ff) 02/18/26(oo)   625 523,252
Freedom Mortgage Corp.,          
Sr. Unsec’d. Notes, 144A 7.625 05/01/26   550 506,184
Sr. Unsec’d. Notes, 144A 12.000 10/01/28   250 250,863
Sr. Unsec’d. Notes, 144A 12.250 10/01/30   325 325,209
     
 
Intesa Sanpaolo SpA (Italy),
Sub. Notes, 144A 		4.198(ff) 06/01/32   2,200 1,566,642
          3,172,150
Building Materials 2.0%
Camelot Return Merger Sub, Inc.,
Sr. Sec’d. Notes, 144A 		8.750 08/01/28   650 606,904
Cornerstone Building Brands, Inc.,
Gtd. Notes, 144A(aa) 		6.125 01/15/29   1,100 806,660
Eco Material Technologies, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 01/31/27   600 569,496
Griffon Corp.,
Gtd. Notes 		5.750 03/01/28   480 433,555
JELD-WEN, Inc.,
Gtd. Notes, 144A 		4.625 12/15/25   462 438,188
Knife River Corp.,
Sr. Unsec’d. Notes, 144A 		7.750 05/01/31   300 298,942
Masonite International Corp.,          
Gtd. Notes, 144A 3.500 02/15/30   675 534,937
Gtd. Notes, 144A 5.375 02/01/28   105 96,411
     
 
MIWD Holdco II LLC/MIWD Finance Corp.,
Gtd. Notes, 144A 		5.500 02/01/30   952 755,502
Smyrna Ready Mix Concrete LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,123 1,038,427
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Building Materials (cont’d.)
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A 3.375 % 01/15/31   400  $302,569
Sr. Unsec’d. Notes, 144A(aa) 4.375 07/15/30   1,250 1,022,637
Sr. Unsec’d. Notes, 144A 4.750 01/15/28   1,400 1,254,604
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   320 295,910
          8,454,742
Chemicals 3.0%
Ashland, Inc.,
Sr. Unsec’d. Notes(aa) 		6.875 05/15/43   2,125 2,000,905
ASP Unifrax Holdings, Inc.,          
Sr. Sec’d. Notes, 144A 5.250 09/30/28   325 220,927
Sr. Unsec’d. Notes, 144A 7.500 09/30/29   225 121,568
     
 
Avient Corp.,
Sr. Unsec’d. Notes, 144A 		5.750 05/15/25   870 851,811
Chemours Co. (The),          
Gtd. Notes, 144A 4.625 11/15/29   625 483,269
Gtd. Notes, 144A 5.750 11/15/28   345 291,803
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A, Cash coupon 8.250% and PIK 2.000% (original cost $1,791,655; purchased 03/19/19)(f) 		10.250 09/01/27(d)   1,820 1,550,494
Iris Holding, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		10.000 12/15/28   1,100 807,142
NOVA Chemicals Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		4.875 06/01/24   1,315 1,292,250
Olympus Water US Holding Corp.,          
Sr. Sec’d. Notes, 144A 4.250 10/01/28   625 498,686
Sr. Sec’d. Notes, 144A 9.750 11/15/28   925 904,000
     
 
Rain Carbon, Inc.,
Sr. Sec’d. Notes, 144A 		12.250 09/01/29   475 483,325
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A 		7.250 04/01/25   35 33,612
SK Invictus Intermediate II Sarl,
Sr. Sec’d. Notes, 144A 		5.000 10/30/29   1,195 902,225
SNF Group SACA (France),
Sr. Unsec’d. Notes, 144A 		3.375 03/15/30   450 361,687
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Chemicals (cont’d.)
     
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A (original cost $1,007,863; purchased 12/15/22 - 05/16/23)(f) 		13.000 % 12/16/27   1,009  $1,011,017
Tronox, Inc.,
Gtd. Notes, 144A 		4.625 03/15/29   615 482,868
Valvoline, Inc.,
Sr. Unsec’d. Notes, 144A 		3.625 06/15/31   400 304,213
WR Grace Holdings LLC,
Sr. Sec’d. Notes, 144A 		7.375 03/01/31   175 162,225
          12,764,027
Coal 0.2%
Conuma Resources Ltd. (Canada),
Sr. Sec’d. Notes, 144A 		13.125 05/01/28   700 646,639
Coronado Finance Pty Ltd. (Australia),
Sr. Sec’d. Notes, 144A 		10.750 05/15/26   400 412,000
          1,058,639
Commercial Services 7.1%
Adtalem Global Education, Inc.,
Sr. Sec’d. Notes, 144A 		5.500 03/01/28   759 695,418
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 6.625 07/15/26   430 402,555
Sr. Unsec’d. Notes, 144A(aa) 6.000 06/01/29   1,150 831,335
Sr. Unsec’d. Notes, 144A(aa) 9.750 07/15/27   3,875 3,374,731
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 Sarl, 		         
Sr. Sec’d. Notes, 144A 4.625 06/01/28   860 703,050
Sr. Sec’d. Notes, 144A 4.625 06/01/28   1,315 1,068,832
     
 
Alta Equipment Group, Inc.,
Sec’d. Notes, 144A 		5.625 04/15/26   500 448,307
AMN Healthcare, Inc.,          
Gtd. Notes, 144A 4.000 04/15/29   825 687,190
Gtd. Notes, 144A 4.625 10/01/27   400 358,744
     
 
APi Group DE, Inc.,
Gtd. Notes, 144A 		4.750 10/15/29   325 279,580
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
     
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.,
Gtd. Notes, 144A(aa) 		4.750 % 04/01/28   1,295  $1,116,155
Avis Budget Finance PLC,
Gtd. Notes 		4.750 01/30/26 EUR 275 279,309
Brink’s Co. (The),          
Gtd. Notes, 144A 4.625 10/15/27   375 339,787
Gtd. Notes, 144A(aa) 5.500 07/15/25   200 194,990
     
 
Carriage Services, Inc.,
Gtd. Notes, 144A 		4.250 05/15/29   200 163,543
Gartner, Inc.,          
Gtd. Notes, 144A 3.625 06/15/29   425 358,788
Gtd. Notes, 144A 3.750 10/01/30   325 270,145
     
 
GTCR W-2 Merger Sub LLC,
Sr. Sec’d. Notes, 144A 		7.500 01/15/31   450 443,748
Herc Holdings, Inc.,
Gtd. Notes, 144A 		5.500 07/15/27   441 414,934
Hertz Corp. (The),          
Gtd. Notes, 144A 4.625 12/01/26   475 400,921
Gtd. Notes, 144A 5.000 12/01/29   525 377,413
     
 
Metis Merger Sub LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.500 05/15/29   2,750 2,244,600
MPH Acquisition Holdings LLC,
Sr. Sec’d. Notes, 144A(aa) 		5.500 09/01/28   2,075 1,733,247
NESCO Holdings II, Inc.,
Sec’d. Notes, 144A 		5.500 04/15/29   900 773,630
Service Corp. International,
Sr. Unsec’d. Notes 		3.375 08/15/30   1,457 1,166,931
United Rentals North America, Inc.,          
Gtd. Notes 3.750 01/15/32   575 457,483
Gtd. Notes 4.000 07/15/30   150 126,083
Gtd. Notes(aa) 4.875 01/15/28   5,720 5,314,281
     
 
Verscend Escrow Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		9.750 08/15/26   4,825 4,791,767
VT Topco, Inc.,
Sr. Sec’d. Notes, 144A 		8.500 08/15/30   350 341,229
          30,158,726
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Computers 0.7%
CA Magnum Holdings (India),
Sr. Sec’d. Notes, 144A 		5.375 % 10/31/26   225  $195,944
McAfee Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		7.375 02/15/30   1,130 903,600
NCR Voyix Corp.,          
Gtd. Notes, 144A 5.000 10/01/28   550 475,127
Gtd. Notes, 144A 5.125 04/15/29   425 365,585
Gtd. Notes, 144A 5.250 10/01/30   350 289,805
     
 
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.,
Sr. Sec’d. Notes, 144A 		5.750 06/01/25   875 854,851
          3,084,912
Distribution/Wholesale 0.8%
H&E Equipment Services, Inc.,
Gtd. Notes, 144A(aa) 		3.875 12/15/28   2,250 1,906,364
Ritchie Bros Holdings, Inc. (Canada),          
Gtd. Notes, 144A 7.750 03/15/31   450 450,000
Sr. Sec’d. Notes, 144A 6.750 03/15/28   150 147,000
     
 
Windsor Holdings III LLC,
Sr. Sec’d. Notes, 144A 		8.500 06/15/30   750 734,968
          3,238,332
Diversified Financial Services 4.1%
Bread Financial Holdings, Inc.,
Gtd. Notes, 144A 		4.750 12/15/24   1,075 1,041,521
goeasy Ltd. (Canada),
Gtd. Notes, 144A 		4.375 05/01/26   525 473,156
Jefferies Finance LLC/JFIN Co-Issuer Corp.,
Sr. Unsec’d. Notes, 144A 		5.000 08/15/28   1,525 1,221,030
LD Holdings Group LLC,
Gtd. Notes, 144A 		6.125 04/01/28   975 540,842
LFS Topco LLC,
Gtd. Notes, 144A 		5.875 10/15/26   875 739,568
LPL Holdings, Inc.,          
Gtd. Notes, 144A 4.000 03/15/29   300 257,930
Gtd. Notes, 144A 4.375 05/15/31   100 83,418
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Diversified Financial Services (cont’d.)
Macquarie Airfinance Holdings Ltd. (United Kingdom),          
Sr. Unsec’d. Notes, 144A 8.125 % 03/30/29   450  $441,882
Sr. Unsec’d. Notes, 144A 8.375 05/01/28   200 198,792
Nationstar Mortgage Holdings, Inc.,          
Gtd. Notes, 144A 5.125 12/15/30   1,075 873,655
Gtd. Notes, 144A(aa) 5.500 08/15/28   2,420 2,137,270
Gtd. Notes, 144A(aa) 6.000 01/15/27   1,725 1,605,478
Navient Corp.,          
Sr. Unsec’d. Notes 5.500 03/15/29   1,800 1,461,033
Sr. Unsec’d. Notes 9.375 07/25/30   300 282,804
OneMain Finance Corp.,          
Gtd. Notes 3.875 09/15/28   350 278,095
Gtd. Notes 6.875 03/15/25   125 123,416
Gtd. Notes(aa) 7.125 03/15/26   3,748 3,642,356
PennyMac Financial Services, Inc.,          
Gtd. Notes, 144A 4.250 02/15/29   575 469,554
Gtd. Notes, 144A 5.375 10/15/25   800 761,547
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.,          
Gtd. Notes, 144A 3.625 03/01/29   200 162,614
Gtd. Notes, 144A 3.875 03/01/31   50 38,651
Gtd. Notes, 144A 4.000 10/15/33   1,175 863,972
          17,698,584
Electric 5.0%
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 3.750 03/01/31   75 59,863
Sr. Sec’d. Notes, 144A 4.500 02/15/28   375 338,224
Sr. Unsec’d. Notes, 144A(aa) 4.625 02/01/29   2,025 1,707,563
Sr. Unsec’d. Notes, 144A 5.000 02/01/31   875 706,374
Sr. Unsec’d. Notes, 144A(aa) 5.125 03/15/28   5,950 5,325,036
     
 
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders,
Sub. Notes, 144A, Cash coupon 13.000% 		13.000 06/01/24   252 163,833
NRG Energy, Inc.,          
Gtd. Notes(aa) 5.750 01/15/28   2,975 2,793,774
Gtd. Notes, 144A 3.375 02/15/29   150 122,288
Gtd. Notes, 144A 3.625 02/15/31   325 245,223
Gtd. Notes, 144A 3.875 02/15/32   625 466,824
Gtd. Notes, 144A 5.250 06/15/29   650 574,760
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electric (cont’d.)
NRG Energy, Inc., (cont’d.)          
Jr. Sub. Notes, 144A 10.250 %(ff) 03/15/28(oo)   1,050   $1,013,250
     
 
PG&E Corp.,
Sr. Sec’d. Notes 		5.250 07/01/30   735 643,656
Vistra Corp.,          
Jr. Sub. Notes, 144A 7.000(ff) 12/15/26(oo)   125 114,266
Jr. Sub. Notes, 144A 8.000(ff) 10/15/26(oo)   250 237,521
Vistra Operations Co. LLC,          
Gtd. Notes, 144A 4.375 05/01/29   1,075 911,266
Gtd. Notes, 144A 5.000 07/31/27   325 298,172
Gtd. Notes, 144A 5.500 09/01/26   575 548,184
Gtd. Notes, 144A(aa) 5.625 02/15/27   5,625 5,293,778
          21,563,855
Electrical Components & Equipment 0.6%
Energizer Gamma Acquisition BV,
Gtd. Notes 		3.500 06/30/29 EUR 100 83,117
Energizer Holdings, Inc.,          
Gtd. Notes, 144A 4.375 03/31/29   750 615,266
Gtd. Notes, 144A 4.750 06/15/28   350 300,651
WESCO Distribution, Inc.,          
Gtd. Notes, 144A 7.125 06/15/25   600 600,870
Gtd. Notes, 144A(aa) 7.250 06/15/28   1,130 1,123,881
          2,723,785
Electronics 0.4%
Likewize Corp.,
Sr. Sec’d. Notes, 144A 		9.750 10/15/25   1,515 1,506,006
Engineering & Construction 0.3%
AECOM,
Gtd. Notes 		5.125 03/15/27   205 193,305
Brand Industrial Services, Inc.,
Sr. Sec’d. Notes, 144A 		10.375 08/01/30   350 347,766
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Engineering & Construction (cont’d.)
TopBuild Corp.,          
Gtd. Notes, 144A 3.625 % 03/15/29   500  $418,240
Gtd. Notes, 144A 4.125 02/15/32   425 337,009
          1,296,320
Entertainment 4.0%
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A 6.250 07/01/25   2,035 2,002,749
Sr. Sec’d. Notes, 144A 7.000 02/15/30   1,750 1,684,407
Sr. Unsec’d. Notes, 144A 4.625 10/15/29   1,500 1,233,609
     
 
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   275 260,835
CDI Escrow Issuer, Inc.,
Sr. Unsec’d. Notes, 144A 		5.750 04/01/30   775 693,644
Churchill Downs, Inc.,
Gtd. Notes, 144A 		6.750 05/01/31   275 256,805
Everi Holdings, Inc.,
Gtd. Notes, 144A 		5.000 07/15/29   100 83,999
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		7.625 04/15/26   2,100 2,106,106
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A 4.125 04/15/26   300 282,750
Sr. Sec’d. Notes, 144A 6.250 01/15/27   350 339,968
Sr. Sec’d. Notes, 144A 6.500 02/15/25   860 850,368
Jacobs Entertainment, Inc.,          
Sr. Unsec’d. Notes, 144A 6.750 02/15/29   700 595,940
Sr. Unsec’d. Notes, 144A 6.750 02/15/29   525 439,330
     
 
Light & Wonder International, Inc.,
Gtd. Notes, 144A 		7.500 09/01/31   300 293,030
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.,
Sr. Sec’d. Notes, 144A 		4.875 05/01/29   825 687,280
Motion Bondco DAC (United Kingdom),
Gtd. Notes, 144A 		6.625 11/15/27   344 307,880
Penn Entertainment, Inc.,          
Sr. Unsec’d. Notes, 144A 4.125 07/01/29   675 524,503
Sr. Unsec’d. Notes, 144A(aa) 5.625 01/15/27   2,080 1,902,794
     
 
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
     
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.,
Gtd. Notes, 144A 		5.875 % 09/01/31   1,100  $746,764
Scientific Games Holdings LP/Scientific Games US FinCo, Inc.,
Sr. Unsec’d. Notes, 144A 		6.625 03/01/30   825 709,602
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,          
Gtd. Notes, 144A(aa) 5.125 10/01/29   1,110 947,787
Gtd. Notes, 144A 7.125 02/15/31   100 93,127
          17,043,277
Environmental Control 0.6%
Covanta Holding Corp.,          
Gtd. Notes 5.000 09/01/30   325 253,316
Gtd. Notes, 144A 4.875 12/01/29   625 488,957
GFL Environmental, Inc. (Canada),          
Gtd. Notes, 144A 4.000 08/01/28   275 235,813
Gtd. Notes, 144A 4.375 08/15/29   1,625 1,385,312
Gtd. Notes, 144A 4.750 06/15/29   50 43,625
          2,407,023
Foods 2.1%
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A 		3.500 03/15/29   1,060 903,655
B&G Foods, Inc.,          
Gtd. Notes(aa) 5.250 09/15/27   2,950 2,427,916
Sr. Sec’d. Notes, 144A 8.000 09/15/28   550 536,304
     
 
C&S Group Enterprises LLC,
Gtd. Notes, 144A 		5.000 12/15/28   825 638,707
Chobani LLC/Chobani Finance Corp., Inc.,          
Gtd. Notes, 144A 7.500 04/15/25   300 295,733
Sr. Sec’d. Notes, 144A 4.625 11/15/28   50 43,426
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance,
Inc., 		         
Gtd. Notes 3.750 12/01/31   525 405,491
Sr. Unsec’d. Notes 5.500 01/15/30   900 820,897
     
 
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Foods (cont’d.)
     
Lamb Weston Holdings, Inc.,
Gtd. Notes, 144A 		4.125 % 01/31/30   225  $191,218
Pilgrim’s Pride Corp.,
Gtd. Notes 		3.500 03/01/32   375 285,648
Post Holdings, Inc.,          
Gtd. Notes, 144A 4.625 04/15/30   1,075 901,997
Gtd. Notes, 144A 5.500 12/15/29   425 376,974
Sr. Unsec’d. Notes, 144A 4.500 09/15/31   1,400 1,136,389
          8,964,355
Gas 0.5%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.500 05/20/25   25 23,998
Sr. Unsec’d. Notes(aa) 5.750 05/20/27   1,800 1,653,734
Sr. Unsec’d. Notes 5.875 08/20/26   325 304,702
          1,982,434
Healthcare-Products 1.1%
Embecta Corp.,          
Sr. Sec’d. Notes, 144A 5.000 02/15/30   1,050 833,432
Sr. Sec’d. Notes, 144A 6.750 02/15/30   575 476,618
Medline Borrower LP,          
Sr. Sec’d. Notes, 144A(aa) 3.875 04/01/29   2,025 1,708,952
Sr. Unsec’d. Notes, 144A 5.250 10/01/29   2,025 1,724,217
          4,743,219
Healthcare-Services 4.0%
DaVita, Inc.,          
Gtd. Notes, 144A(aa) 3.750 02/15/31   3,025 2,175,650
Gtd. Notes, 144A(aa) 4.625 06/01/30   2,325 1,822,850
     
 
Legacy LifePoint Health LLC,
Sr. Sec’d. Notes, 144A 		4.375 02/15/27   550 454,677
LifePoint Health, Inc.,
Gtd. Notes, 144A 		5.375 01/15/29   925 559,128
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		7.250 11/01/25   1,800 1,646,992
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 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 		9.750 % 12/01/26   3,050  $2,872,243
Tenet Healthcare Corp.,          
Sr. Sec’d. Notes(aa) 4.250 06/01/29   1,925 1,649,385
Sr. Sec’d. Notes(aa) 4.375 01/15/30   4,825 4,085,744
Sr. Unsec’d. Notes(aa) 6.875 11/15/31   2,025 1,868,634
          17,135,303
Home Builders 5.5%
Adams Homes, Inc.,
Sr. Unsec’d. Notes, 144A 		9.250 10/15/28   550 537,198
Ashton Woods USA LLC/Ashton Woods Finance Co.,          
Sr. Unsec’d. Notes, 144A 4.625 08/01/29   825 668,751
Sr. Unsec’d. Notes, 144A 4.625 04/01/30   625 487,866
Beazer Homes USA, Inc.,          
Gtd. Notes 5.875 10/15/27   1,425 1,272,636
Gtd. Notes(aa) 7.250 10/15/29   1,975 1,802,316
Brookfield Residential Properties, Inc./Brookfield
Residential US LLC (Canada), 		         
Gtd. Notes, 144A(aa) 4.875 02/15/30   2,175 1,653,000
Gtd. Notes, 144A 6.250 09/15/27   40 34,750
Sr. Unsec’d. Notes, 144A 5.000 06/15/29   400 312,000
     
 
Century Communities, Inc.,
Gtd. Notes(aa) 		6.750 06/01/27   1,725 1,664,534
Empire Communities Corp. (Canada),
Sr. Unsec’d. Notes, 144A 		7.000 12/15/25   275 255,750
Forestar Group, Inc.,          
Gtd. Notes, 144A 3.850 05/15/26   450 402,299
Gtd. Notes, 144A(aa) 5.000 03/01/28   1,200 1,056,574
KB Home,          
Gtd. Notes 4.800 11/15/29   1,000 866,481
Gtd. Notes 6.875 06/15/27   1,225 1,215,921
     
 
Lennar Corp.,
Gtd. Notes(aa) 		5.000 06/15/27   1,250 1,206,154
M/I Homes, Inc.,          
Gtd. Notes 3.950 02/15/30   375 298,860
Gtd. Notes 4.950 02/01/28   450 403,652
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
Mattamy Group Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.625 % 03/01/30   1,333  $1,084,729
Sr. Unsec’d. Notes, 144A(aa) 5.250 12/15/27   1,075 964,813
     
 
Meritage Homes Corp.,
Gtd. Notes 		5.125 06/06/27   1,775 1,681,339
Shea Homes LP/Shea Homes Funding Corp.,          
Sr. Unsec’d. Notes 4.750 02/15/28   1,293 1,142,743
Sr. Unsec’d. Notes 4.750 04/01/29   475 402,395
     
 
STL Holding Co. LLC,
Sr. Unsec’d. Notes, 144A 		7.500 02/15/26   975 913,575
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A 5.750 01/15/28   450 409,455
Gtd. Notes, 144A 5.875 06/15/27   925 867,173
Sr. Unsec’d. Notes, 144A 5.125 08/01/30   630 530,871
     
 
Tri Pointe Homes, Inc.,
Gtd. Notes 		5.700 06/15/28   1,555 1,390,160
          23,525,995
Home Furnishings 0.0%
Tempur Sealy International, Inc.,
Gtd. Notes, 144A 		4.000 04/15/29   200 164,035
Household Products/Wares 0.4%
ACCO Brands Corp.,
Gtd. Notes, 144A(aa) 		4.250 03/15/29   1,150 953,725
Central Garden & Pet Co.,
Gtd. Notes, 144A 		4.125 04/30/31   100 79,757
Kronos Acquisition Holdings, Inc./KIK Custom Products,
Inc. (Canada), 		         
Gtd. Notes, 144A 7.000 12/31/27   800 680,000
Sr. Sec’d. Notes, 144A 5.000 12/31/26   175 158,375
          1,871,857
Housewares 0.6%
Scotts Miracle-Gro Co. (The),          
Gtd. Notes 4.000 04/01/31   1,500 1,116,576
Gtd. Notes 4.375 02/01/32   725 531,732
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Housewares (cont’d.)
     
 
SWF Escrow Issuer Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		6.500 % 10/01/29   1,675  $946,742
          2,595,050
Insurance 0.3%
Acrisure LLC/Acrisure Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		7.000 11/15/25   750 727,974
BroadStreet Partners, Inc.,
Sr. Unsec’d. Notes, 144A 		5.875 04/15/29   875 762,513
          1,490,487
Internet 1.3%
Cablevision Lightpath LLC,          
Sr. Sec’d. Notes, 144A(aa) 3.875 09/15/27   1,925 1,570,312
Sr. Unsec’d. Notes, 144A 5.625 09/15/28   625 468,754
     
 
Gen Digital, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		5.000 04/15/25   2,000 1,945,272
Go Daddy Operating Co. LLC/GD Finance Co., Inc.,          
Gtd. Notes, 144A 3.500 03/01/29   525 441,539
Gtd. Notes, 144A 5.250 12/01/27   1,165 1,099,718
          5,525,595
Iron/Steel 0.9%
ATI, Inc.,
Sr. Unsec’d. Notes 		7.250 08/15/30   275 264,869
Big River Steel LLC/BRS Finance Corp.,
Sr. Sec’d. Notes, 144A(aa) 		6.625 01/31/29   1,709 1,692,679
Cleveland-Cliffs, Inc.,
Gtd. Notes, 144A 		6.750 04/15/30   800 742,641
Commercial Metals Co.,          
Sr. Unsec’d. Notes 4.125 01/15/30   175 147,682
Sr. Unsec’d. Notes 4.375 03/15/32   275 221,507
     
 
Mineral Resources Ltd. (Australia),
Sr. Unsec’d. Notes, 144A 		9.250 10/01/28   575 575,000
          3,644,378
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Leisure Time 3.9%
Carnival Corp.,          
Gtd. Notes, 144A 5.750 % 03/01/27   2,775  $2,469,750
Gtd. Notes, 144A 6.000 05/01/29   1,075 908,375
Gtd. Notes, 144A 7.625 03/01/26   625 605,913
Gtd. Notes, 144A 10.500 06/01/30   200 202,125
Sr. Sec’d. Notes, 144A 4.000 08/01/28   200 173,540
     
 
Lindblad Expeditions Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		9.000 05/15/28   600 586,557
NCL Corp. Ltd.,          
Gtd. Notes, 144A 5.875 03/15/26   1,900 1,705,250
Sr. Sec’d. Notes, 144A 8.125 01/15/29   200 194,750
Sr. Sec’d. Notes, 144A 8.375 02/01/28   1,150 1,139,937
Sr. Unsec’d. Notes, 144A 7.750 02/15/29   1,075 938,152
Royal Caribbean Cruises Ltd.,          
Gtd. Notes, 144A 7.250 01/15/30   1,150 1,132,750
Gtd. Notes, 144A 9.250 01/15/29   325 338,813
Sr. Sec’d. Notes, 144A 8.250 01/15/29   875 899,062
Sr. Unsec’d. Notes, 144A 5.375 07/15/27   500 459,375
Sr. Unsec’d. Notes, 144A 5.500 08/31/26   250 235,550
Sr. Unsec’d. Notes, 144A 5.500 04/01/28   1,200 1,090,476
Sr. Unsec’d. Notes, 144A 11.625 08/15/27   425 461,070
Viking Cruises Ltd.,          
Gtd. Notes, 144A 5.875 09/15/27   1,225 1,103,602
Sr. Unsec’d. Notes, 144A 9.125 07/15/31   625 614,063
     
 
Viking Ocean Cruises Ship VII Ltd.,
Sr. Sec’d. Notes, 144A 		5.625 02/15/29   1,200 1,062,000
Vista Outdoor, Inc.,
Gtd. Notes, 144A 		4.500 03/15/29   225 209,442
          16,530,552
Lodging 1.9%
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes, 144A 3.625 02/15/32   900 711,389
Gtd. Notes, 144A 4.000 05/01/31   275 227,219
MGM Resorts International,          
Gtd. Notes 4.625 09/01/26   200 185,734
Gtd. Notes(aa) 5.500 04/15/27   1,136 1,060,774
Gtd. Notes 5.750 06/15/25   50 48,919
Gtd. Notes(aa) 6.750 05/01/25   1,910 1,899,234
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 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  $600,753
Wynn Macau Ltd. (Macau),          
Sr. Unsec’d. Notes, 144A 5.125 12/15/29   1,325 1,032,652
Sr. Unsec’d. Notes, 144A 5.500 10/01/27   550 478,384
Sr. Unsec’d. Notes, 144A 5.625 08/26/28   2,125 1,770,125
          8,015,183
Machinery-Construction & Mining 0.1%
Terex Corp.,
Gtd. Notes, 144A 		5.000 05/15/29   725 637,976
Machinery-Diversified 0.8%
Chart Industries, Inc.,          
Gtd. Notes, 144A 9.500 01/01/31   400 412,107
Sr. Sec’d. Notes, 144A 7.500 01/01/30   750 736,891
     
 
GrafTech Finance, Inc.,
Sr. Sec’d. Notes, 144A 		4.625 12/15/28   975 715,684
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A 		11.500 09/01/28   975 951,685
TK Elevator US Newco, Inc. (Germany),
Sr. Sec’d. Notes, 144A 		5.250 07/15/27   625 567,187
          3,383,554
Media 8.7%
AMC Networks, Inc.,
Gtd. Notes(aa) 		5.000 04/01/24   1,300 1,291,854
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes 4.500 05/01/32   1,850 1,415,740
Sr. Unsec’d. Notes, 144A(aa) 4.250 02/01/31   5,600 4,357,274
Sr. Unsec’d. Notes, 144A 4.500 06/01/33   700 522,202
Sr. Unsec’d. Notes, 144A(aa) 4.750 03/01/30   2,900 2,392,851
Sr. Unsec’d. Notes, 144A 5.000 02/01/28   1,000 895,058
Sr. Unsec’d. Notes, 144A 5.125 05/01/27   75 68,996
Sr. Unsec’d. Notes, 144A 5.500 05/01/26   375 358,794
CSC Holdings LLC,          
Gtd. Notes, 144A 3.375 02/15/31   1,175 752,651
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
CSC Holdings LLC, (cont’d.)          
Gtd. Notes, 144A(aa) 4.125 % 12/01/30   775  $519,263
Gtd. Notes, 144A 6.500 02/01/29   1,200 947,602
Sr. Unsec’d. Notes, 144A(aa) 4.625 12/01/30   4,875 2,464,811
Sr. Unsec’d. Notes, 144A(aa) 5.750 01/15/30   2,550 1,338,602
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A (original cost $5,393,891; purchased 07/18/19 - 11/18/21)(f) 6.625 08/15/27(d)   6,595 66,591
Sec’d. Notes, 144A (original cost $3,277,261; purchased 07/18/19 - 08/30/22)(f) 5.375 08/15/26(d)   6,090 68,313
DISH DBS Corp.,          
Gtd. Notes 5.125 06/01/29   1,840 945,995
Gtd. Notes 7.375 07/01/28   1,065 598,436
Gtd. Notes(aa) 7.750 07/01/26   5,015 3,357,606
     
 
DISH Network Corp.,
Sr. Sec’d. Notes, 144A 		11.750 11/15/27   1,875 1,857,083
Gray Television, Inc.,
Gtd. Notes, 144A 		5.875 07/15/26   805 717,136
iHeartCommunications, Inc.,
Sr. Sec’d. Notes 		6.375 05/01/26   1,421 1,158,025
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		5.375 08/15/27   1,040 949,453
News Corp.,
Sr. Unsec’d. Notes, 144A 		3.875 05/15/29   325 278,270
Nexstar Media, Inc.,          
Gtd. Notes, 144A 4.750 11/01/28   150 126,227
Gtd. Notes, 144A 5.625 07/15/27   984 885,271
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 09/15/26   610 467,675
Sr. Unsec’d. Notes, 144A(aa) 6.500 09/15/28   3,680 1,821,488
     
 
Sinclair Television Group, Inc.,
Gtd. Notes, 144A 		5.125 02/15/27   1,495 1,183,235
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A 4.500 05/01/29   400 318,048
Sr. Sec’d. Notes, 144A(aa) 5.125 02/15/25   1,620 1,582,739
Sr. Sec’d. Notes, 144A(aa) 6.625 06/01/27   2,135 1,950,121
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
     
 
VZ Secured Financing BV (Netherlands),
Sr. Sec’d. Notes, 144A 		5.000 % 01/15/32   1,800  $1,359,738
          37,017,148
Metal Fabricate/Hardware 0.1%
Roller Bearing Co. of America, Inc.,
Sr. Unsec’d. Notes, 144A 		4.375 10/15/29   525 445,558
Mining 2.3%
Arsenal AIC Parent LLC,
Sr. Sec’d. Notes, 144A 		8.000 10/01/30   275 271,546
Eldorado Gold Corp. (Turkey),
Sr. Unsec’d. Notes, 144A 		6.250 09/01/29   1,425 1,216,594
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A 6.875 03/01/26   200 175,450
Gtd. Notes, 144A 6.875 10/15/27   200 168,500
Gtd. Notes, 144A(aa) 7.500 04/01/25   2,804 2,615,011
Gtd. Notes, 144A 8.625 06/01/31   700 589,750
     
 
Hecla Mining Co.,
Gtd. Notes(aa) 		7.250 02/15/28   700 672,635
Hudbay Minerals, Inc. (Canada),          
Gtd. Notes, 144A 4.500 04/01/26   900 833,310
Gtd. Notes, 144A 6.125 04/01/29   1,270 1,133,475
     
 
New Gold, Inc. (Canada),
Gtd. Notes, 144A 		7.500 07/15/27   1,245 1,168,370
Novelis Corp.,          
Gtd. Notes, 144A 3.875 08/15/31   800 625,417
Gtd. Notes, 144A 4.750 01/30/30   275 234,095
          9,704,153
Miscellaneous Manufacturing 0.5%
Amsted Industries, Inc.,          
Gtd. Notes, 144A(aa) 5.625 07/01/27   1,075 993,242
Sr. Unsec’d. Notes, 144A(aa) 4.625 05/15/30   785 641,048
     
 
Trinity Industries, Inc.,
Gtd. Notes, 144A 		7.750 07/15/28   550 543,161
          2,177,451
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Office/Business Equipment 0.1%
CDW LLC/CDW Finance Corp.,
Gtd. Notes 		3.250 % 02/15/29   685  $581,363
Oil & Gas 8.8%
Aethon United BR LP/Aethon United Finance Corp.,
Sr. Unsec’d. Notes, 144A 		8.250 02/15/26   550 546,412
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes 		7.875 12/15/24(d)   5,325 533
Antero Resources Corp.,          
Gtd. Notes, 144A 5.375 03/01/30   775 707,736
Gtd. Notes, 144A 7.625 02/01/29   879 891,007
Ascent Resources Utica Holdings LLC/ARU Finance
Corp., 		         
Gtd. Notes, 144A 7.000 11/01/26   25 24,160
Gtd. Notes, 144A 9.000 11/01/27   527 666,136
Sr. Unsec’d. Notes, 144A(aa) 8.250 12/31/28   2,192 2,176,870
     
 
Athabasca Oil Corp. (Canada),
Sec’d. Notes, 144A(aa) 		9.750 11/01/26   1,650 1,703,625
Chesapeake Energy Corp.,          
Gtd. Notes, 144A 5.500 02/01/26   375 364,118
Gtd. Notes, 144A 5.875 02/01/29   750 706,319
Gtd. Notes, 144A 6.750 04/15/29   625 612,469
     
 
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A 		7.000 06/15/25   1,175 1,155,594
Civitas Resources, Inc.,          
Gtd. Notes, 144A 8.375 07/01/28   725 730,204
Gtd. Notes, 144A 8.625 11/01/30   325 330,792
     
 
CNX Resources Corp.,
Gtd. Notes, 144A 		7.250 03/14/27   1,175 1,157,103
Comstock Resources, Inc.,          
Gtd. Notes, 144A 5.875 01/15/30   600 512,991
Gtd. Notes, 144A 6.750 03/01/29   975 888,122
Crescent Energy Finance LLC,          
Gtd. Notes, 144A 7.250 05/01/26   125 120,919
Gtd. Notes, 144A 9.250 02/15/28   850 861,990
CrownRock LP/CrownRock Finance, Inc.,          
Sr. Unsec’d. Notes, 144A 5.000 05/01/29   326 307,150
Sr. Unsec’d. Notes, 144A 5.625 10/15/25   525 520,041
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
     
 
Diamond Foreign Asset Co./Diamond Finance LLC,
Sec’d. Notes, 144A 		8.500 % 10/01/30   300  $290,940
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		5.750 01/30/28   925 887,826
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A 5.750 02/01/29   275 247,661
Sr. Unsec’d. Notes, 144A 6.000 04/15/30   850 754,993
Sr. Unsec’d. Notes, 144A 6.000 02/01/31   625 547,689
Sr. Unsec’d. Notes, 144A(aa) 6.250 11/01/28   1,808 1,690,475
Sr. Unsec’d. Notes, 144A 6.250 04/15/32   750 654,671
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A 5.875 02/01/29   375 349,687
Gtd. Notes, 144A 7.125 02/01/27   102 102,765
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 01/15/26   975 911,625
Gtd. Notes, 144A 7.500 01/15/28   1,325 1,166,000
Nabors Industries, Inc.,          
Gtd. Notes(aa) 5.750 02/01/25   1,400 1,358,889
Gtd. Notes, 144A 7.375 05/15/27   50 46,763
     
 
Noble Finance II LLC,
Gtd. Notes, 144A 		8.000 04/15/30   225 225,773
Parkland Corp. (Canada),          
Gtd. Notes, 144A 4.500 10/01/29   525 451,552
Gtd. Notes, 144A 4.625 05/01/30   1,325 1,129,562
     
 
Permian Resources Operating LLC,
Gtd. Notes, 144A 		7.000 01/15/32   425 413,873
Precision Drilling Corp. (Canada),          
Gtd. Notes, 144A 6.875 01/15/29   275 254,375
Gtd. Notes, 144A(aa) 7.125 01/15/26   1,210 1,184,287
Range Resources Corp.,          
Gtd. Notes 4.875 05/15/25   100 97,367
Gtd. Notes, 144A 4.750 02/15/30   575 511,404
     
 
SilverBow Resources, Inc.,
Sec’d. Notes, 144A, 3 Month LIBOR + 0.750%^ 		13.052(c) 12/15/28   1,900 1,866,750
Southwestern Energy Co.,          
Gtd. Notes 4.750 02/01/32   1,300 1,117,953
Gtd. Notes 5.375 02/01/29   375 346,947
Gtd. Notes 5.375 03/15/30   1,800 1,651,206
Sunoco LP/Sunoco Finance Corp.,          
Gtd. Notes 4.500 05/15/29   1,630 1,412,436
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas (cont’d.)
Sunoco LP/Sunoco Finance Corp., (cont’d.)          
Gtd. Notes 4.500 % 04/30/30   700  $600,316
Transocean, Inc.,          
Gtd. Notes, 144A 7.500 01/15/26   1,400 1,341,004
Gtd. Notes, 144A 8.000 02/01/27   100 93,551
     
 
Valaris Ltd.,
Sec’d. Notes, 144A 		8.375 04/30/30   350 343,000
Vital Energy, Inc.,          
Gtd. Notes 9.750 10/15/30   225 220,558
Gtd. Notes 10.125 01/15/28   200 200,577
          37,456,766
Packaging & Containers 2.4%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250%(aa) 		6.500 06/30/27   1,266 734,553
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.,
Sr. Unsec’d. Notes, 144A 		5.250 08/15/27   475 344,375
Graham Packaging Co., Inc.,
Gtd. Notes, 144A(aa) 		7.125 08/15/28   1,360 1,055,024
Graphic Packaging International LLC,
Gtd. Notes 		4.125 08/15/24   300 293,537
Intelligent Packaging Holdco Issuer LP (Canada),
Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% 		9.000 01/15/26   300 252,000
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada),
Sr. Sec’d. Notes, 144A 		6.000 09/15/28   1,184 982,720
LABL, Inc.,          
Sr. Sec’d. Notes, 144A 5.875 11/01/28   425 363,108
Sr. Sec’d. Notes, 144A 6.750 07/15/26   250 230,369
Sr. Sec’d. Notes, 144A 9.500 11/01/28   200 194,571
Sr. Unsec’d. Notes, 144A(aa) 8.250 11/01/29   1,250 928,125
Sr. Unsec’d. Notes, 144A 10.500 07/15/27   800 695,569
     
 
Mauser Packaging Solutions Holding Co.,
Sr. Sec’d. Notes, 144A 		7.875 08/15/26   650 608,989
OI European Group BV,
Gtd. Notes, 144A 		4.750 02/15/30   325 276,546
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Packaging & Containers (cont’d.)
Owens-Brockway Glass Container, Inc.,          
Gtd. Notes, 144A 6.375 % 08/15/25   500  $487,634
Gtd. Notes, 144A 6.625 05/13/27   230 218,803
Gtd. Notes, 144A 7.250 05/15/31   400 366,030
     
 
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,
Sr. Sec’d. Notes, 144A 		4.375 10/15/28   725 619,655
Sealed Air Corp./Sealed Air Corp. US,
Gtd. Notes, 144A 		6.125 02/01/28   150 142,670
Trident TPI Holdings, Inc.,
Gtd. Notes, 144A(aa) 		12.750 12/31/28   1,275 1,306,793
TriMas Corp.,
Gtd. Notes, 144A 		4.125 04/15/29   325 272,376
          10,373,447
Pharmaceuticals 2.4%
AdaptHealth LLC,          
Gtd. Notes, 144A(aa) 4.625 08/01/29   1,225 915,911
Gtd. Notes, 144A 5.125 03/01/30   525 399,388
Gtd. Notes, 144A 6.125 08/01/28   845 698,458
     
 
Bausch Health Americas, Inc.,
Gtd. Notes, 144A 		8.500 01/31/27   1,100 494,230
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A 5.000 01/30/28   975 360,750
Gtd. Notes, 144A 5.000 02/15/29   1,150 399,625
Gtd. Notes, 144A(aa) 5.250 01/30/30   2,325 805,031
Gtd. Notes, 144A 5.250 02/15/31   2,635 922,250
Gtd. Notes, 144A(aa) 6.250 02/15/29   4,110 1,489,875
Gtd. Notes, 144A 7.000 01/15/28   250 102,500
Gtd. Notes, 144A 9.000 12/15/25   500 435,000
     
 
Jazz Securities DAC,
Sr. Sec’d. Notes, 144A 		4.375 01/15/29   355 307,075
Organon & Co./Organon Foreign Debt Co-Issuer BV,          
Sr. Sec’d. Notes, 144A 4.125 04/30/28   375 323,961
Sr. Unsec’d. Notes, 144A 5.125 04/30/31   2,425 1,894,881
     
 
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   950 637,938
          10,186,873
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines 5.4%
Antero Midstream Partners LP/Antero Midstream
Finance Corp., 		         
Gtd. Notes, 144A 5.375 % 06/15/29   975  $888,640
Gtd. Notes, 144A(aa) 5.750 01/15/28   2,425 2,276,542
     
 
Cheniere Energy Partners LP,
Gtd. Notes 		4.000 03/01/31   1,575 1,318,526
Cheniere Energy, Inc.,
Sr. Sec’d. Notes(aa) 		4.625 10/15/28   2,750 2,513,172
CNX Midstream Partners LP,
Gtd. Notes, 144A 		4.750 04/15/30   100 82,415
Energy Transfer LP,
Jr. Sub. Notes, Series G(aa) 		7.125(ff) 05/15/30(oo)   1,075 903,946
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes 5.500 07/15/28   50 46,687
Sr. Unsec’d. Notes, 144A 6.000 07/01/25   351 344,299
Sr. Unsec’d. Notes, 144A 6.500 07/01/27   1,275 1,245,285
Sr. Unsec’d. Notes, 144A 7.500 06/01/27   125 124,168
Sr. Unsec’d. Notes, 144A 7.500 06/01/30   525 516,749
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.875 01/15/29   375 333,312
Gtd. Notes(aa) 7.000 08/01/27   750 706,681
     
 
Howard Midstream Energy Partners LLC,
Sr. Unsec’d. Notes, 144A 		8.875 07/15/28   250 252,099
Rockies Express Pipeline LLC,
Sr. Unsec’d. Notes, 144A(aa) 		6.875 04/15/40   2,050 1,707,497
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp., 		         
Gtd. Notes, 144A(aa) 5.500 01/15/28   1,829 1,609,676
Gtd. Notes, 144A 6.000 12/31/30   450 381,474
Gtd. Notes, 144A 7.500 10/01/25   200 197,533
Venture Global Calcasieu Pass LLC,          
Sr. Sec’d. Notes, 144A 3.875 08/15/29   985 821,757
Sr. Sec’d. Notes, 144A 4.125 08/15/31   285 229,588
Sr. Sec’d. Notes, 144A 6.250 01/15/30   300 283,026
Venture Global LNG, Inc.,          
Sr. Sec’d. Notes, 144A 9.500 02/01/29   2,350 2,383,623
Sr. Sec’d. Notes, 144A(aa) 9.875 02/01/32   2,500 2,535,589
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Pipelines (cont’d.)
Western Midstream Operating LP,          
Sr. Unsec’d. Notes(aa) 4.050 % 02/01/30   1,275  $1,104,113
Sr. Unsec’d. Notes 5.500 08/15/48   75 56,486
          22,862,883
Real Estate 1.4%
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A 		7.875 11/15/25   1,325 1,250,614
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A 		7.750 09/01/30   250 245,598
Howard Hughes Corp. (The),          
Gtd. Notes, 144A 4.125 02/01/29   1,175 953,019
Gtd. Notes, 144A 4.375 02/01/31   875 672,241
Gtd. Notes, 144A 5.375 08/01/28   590 519,190
     
 
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A 		5.250 04/15/29   1,700 1,340,359
Realogy Group LLC/Realogy Co-Issuer Corp.,          
Gtd. Notes, 144A 5.250 04/15/30   550 343,748
Gtd. Notes, 144A 5.750 01/15/29   700 442,497
          5,767,266
Real Estate Investment Trusts (REITs) 2.1%
Diversified Healthcare Trust,          
Gtd. Notes 4.375 03/01/31   861 592,687
Gtd. Notes 9.750 06/15/25   1,275 1,237,312
Sr. Unsec’d. Notes 4.750 05/01/24   50 46,925
Sr. Unsec’d. Notes(aa) 4.750 02/15/28   1,375 1,001,617
MPT Operating Partnership LP/MPT Finance Corp.,          
Gtd. Notes 0.993 10/15/26 EUR 200 155,859
Gtd. Notes 3.500 03/15/31   125 76,032
Gtd. Notes(aa) 5.000 10/15/27   2,125 1,646,210
     
 
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 1,651,316
RHP Hotel Properties LP/RHP Finance Corp.,
Gtd. Notes, 144A 		4.500 02/15/29   225 191,583
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (REITs) (cont’d.)
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A 4.500 % 01/15/28   2,000  $1,808,929
Gtd. Notes, 144A(aa) 4.625 12/01/29   825 713,820
          9,122,290
Retail 6.2%
1011778 BC ULC/New Red Finance, Inc. (Canada),          
Sec’d. Notes, 144A(aa) 4.000 10/15/30   2,600 2,120,638
Sr. Sec’d. Notes, 144A 3.875 01/15/28   338 300,820
     
 
Arko Corp.,
Gtd. Notes, 144A 		5.125 11/15/29   625 506,540
At Home Group, Inc.,          
Gtd. Notes, 144A 7.125 07/15/29   1,100 229,042
Sr. Sec’d. Notes, 144A 4.875 07/15/28   125 42,748
     
 
BCPE Ulysses Intermediate, Inc.,
Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% 		7.750 04/01/27   225 190,690
Beacon Roofing Supply, Inc.,
Sr. Sec’d. Notes, 144A 		6.500 08/01/30   125 119,413
Brinker International, Inc.,          
Gtd. Notes, 144A 5.000 10/01/24   450 438,976
Gtd. Notes, 144A 8.250 07/15/30   900 869,016
     
 
Carrols Restaurant Group, Inc.,
Gtd. Notes, 144A 		5.875 07/01/29   650 526,816
eG Global Finance PLC (United Kingdom),          
Sr. Sec’d. Notes 4.375 02/07/25 EUR 654 675,387
Sr. Sec’d. Notes 6.250 10/30/25 EUR 661 685,803
Sr. Sec’d. Notes, 144A 6.750 02/07/25   725 717,315
Sr. Sec’d. Notes, 144A 8.500 10/30/25   1,450 1,424,625
Ferrellgas LP/Ferrellgas Finance Corp.,          
Sr. Unsec’d. Notes, 144A (original cost $115,938; purchased 08/02/22 - 08/04/22)(f) 5.375 04/01/26   125 117,085
Sr. Unsec’d. Notes, 144A (original cost $850,675; purchased 08/02/22 - 08/22/22)(f) 5.875 04/01/29   980 865,494
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc., 		         
Gtd. Notes, 144A(aa) 6.750 01/15/30   2,400 1,907,232
Sr. Sec’d. Notes, 144A 4.625 01/15/29   550 463,423
     
 
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail (cont’d.)
     
Foundation Building Materials, Inc.,
Gtd. Notes, 144A(aa) 		6.000 % 03/01/29   1,150  $948,578
Gap, Inc. (The),          
Gtd. Notes, 144A 3.625 10/01/29   1,325 1,013,580
Gtd. Notes, 144A 3.875 10/01/31   800 576,402
     
 
LBM Acquisition LLC,
Gtd. Notes, 144A(aa) 		6.250 01/15/29   1,550 1,224,641
LCM Investments Holdings II LLC,          
Sr. Unsec’d. Notes, 144A 4.875 05/01/29   1,550 1,301,763
Sr. Unsec’d. Notes, 144A 8.250 08/01/31   400 382,338
Park River Holdings, Inc.,          
Gtd. Notes, 144A(aa) 5.625 02/01/29   1,725 1,270,257
Sr. Unsec’d. Notes, 144A 6.750 08/01/29   200 152,193
Patrick Industries, Inc.,          
Gtd. Notes, 144A 4.750 05/01/29   375 306,619
Gtd. Notes, 144A 7.500 10/15/27   675 643,112
     
 
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes(aa) 		5.625 12/01/25   1,975 1,908,802
SRS Distribution, Inc.,
Gtd. Notes, 144A(aa) 		6.000 12/01/29   1,075 895,024
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 		         
Sr. Unsec’d. Notes 5.875 03/01/27   610 580,859
Sr. Unsec’d. Notes, 144A 5.000 06/01/31   1,275 1,067,182
     
 
Superior Plus LP/Superior General Partner, Inc. (Canada),
Gtd. Notes, 144A 		4.500 03/15/29   1,500 1,275,000
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 10/15/28   950 831,788
          26,579,201
Software 0.8%
Black Knight InfoServ LLC,
Gtd. Notes, 144A 		3.625 09/01/28   1,643 1,465,357
Clarivate Science Holdings Corp.,          
Gtd. Notes, 144A 4.875 07/01/29   1,425 1,201,473
Sr. Sec’d. Notes, 144A 3.875 07/01/28   1,075 926,734
          3,593,564
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Telecommunications 4.0%
Altice France SA (France),
Sr. Sec’d. Notes, 144A(aa) 		8.125 % 02/01/27   1,855  $1,562,838
Digicel Group Holdings Ltd. (Jamaica),
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $711,770; purchased 01/04/22)(f) 		8.000 04/01/25(d)   763 152,658
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(d)   610 12,200
Gtd. Notes, 144A, Cash coupon 13.000% (original cost $717,757; purchased 10/19/23)(f) 13.000 12/31/25(d)   1,025 707,526
Sr. Sec’d. Notes, 144A (original cost $768,426; purchased 10/19/23)(f) 8.750 05/25/24   850 778,542
Sr. Sec’d. Notes, 144A (original cost $496,220; purchased 10/19/23)(f) 8.750 05/25/24   525 480,865
     
 
Digicel Ltd. (Jamaica),
Gtd. Notes, 144A 		6.750 03/01/23(d)   7,768 194,200
Iliad Holding SASU (France),          
Sr. Sec’d. Notes, 144A 6.500 10/15/26   1,095 1,019,719
Sr. Sec’d. Notes, 144A 7.000 10/15/28   375 338,438
     
 
Intelsat Jackson Holdings SA (Luxembourg),
Sr. Sec’d. Notes, 144A(aa) 		6.500 03/15/30   2,365 2,075,287
Level 3 Financing, Inc.,          
Gtd. Notes, 144A 3.750 07/15/29   400 203,174
Gtd. Notes, 144A 4.250 07/01/28   1,555 878,162
Gtd. Notes, 144A 4.625 09/15/27   400 269,395
Sr. Sec’d. Notes, 144A 10.500 05/15/30   553 553,475
Sprint Capital Corp.,          
Gtd. Notes 6.875 11/15/28   700 716,127
Gtd. Notes 8.750 03/15/32   706 793,857
Sprint LLC,          
Gtd. Notes 7.125 06/15/24   250 251,345
Gtd. Notes(aa) 7.625 02/15/25   2,725 2,762,449
Viasat, Inc.,          
Sr. Unsec’d. Notes, 144A(aa) 5.625 09/15/25   3,200 2,970,715
Sr. Unsec’d. Notes, 144A 7.500 05/30/31   500 326,937
          17,047,909
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Transportation 0.5%
Forward Air Corp.,
Sr. Sec’d. Notes, 144A 		9.500 % 10/15/31   1,500  $1,462,257
XPO Escrow Sub LLC,
Gtd. Notes, 144A 		7.500 11/15/27   325 324,577
XPO, Inc.,
Gtd. Notes, 144A 		7.125 06/01/31   150 146,131
          1,932,965
Trucking & Leasing 0.1%
Fortress Transportation & Infrastructure Investors LLC,
Gtd. Notes, 144A 		5.500 05/01/28   450 409,906
     
 
Total Corporate Bonds
(cost $547,716,583) 		461,800,314
Floating Rate and Other Loans 4.1%
Airlines 0.3%
United Airlines, Inc.,
Class B Term Loan, 1 Month SOFR + 3.864% 		9.189(c) 04/21/28   1,199 1,200,709
Chemicals 0.1%
Venator Finance Sarl,
Term Loan, 3 Month SOFR + 10.000% 		15.426(c) 10/12/28   598 584,897
Computers 0.6%
McAfee Corp.,
Tranche B-1 Term Loan, 1 Month SOFR + 3.850% 		9.165(c) 03/01/29   1,355 1,289,234
NCR Atleos, LLC,
Term B Loan, 1 Month SOFR + 4.850% 		10.176(c) 03/27/29   1,100 1,049,584
          2,338,818
Electric 0.1%
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000% 		12.500(c) 07/30/26(d)   2,004 401,352
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Housewares 0.2%
SWF Holdings I Corp.,
Initial Term Loan, 1 Month SOFR + 4.114% 		9.439 %(c) 10/06/28   1,000  $816,483
Insurance 0.4%
Acrisure LLC,          
2021-1 Additional Term Loan, 1 Month LIBOR + 3.750% 9.189(c) 02/15/27   473 463,137
Term Loan B 2020, 1 Month LIBOR + 3.500% 8.939(c) 02/15/27   298 290,086
     
 
Asurion LLC,
New B-4 Term Loan, 1 Month SOFR + 5.364% 		10.689(c) 01/20/29   1,080 920,700
          1,673,923
Media 0.7%
CSC Holdings LLC,
2022 Refinancing Term Loan, 1 Month SOFR + 4.500% 		9.835(c) 01/18/28   1,489 1,387,639
Diamond Sports Group LLC,          
First Lien Term Loan, 1 Month SOFR + 10.100% 12.775(c) 05/25/26   1,315 493,117
Second Lien Term Loan, 6 Month SOFR + 3.500% 8.669(c) 08/24/26   3,201 36,012
     
 
Radiate Holdco LLC,
Amendment No. 6 Term Loan, 1 Month SOFR + 3.364% 		8.689(c) 09/25/26   584 481,732
Univision Communications, Inc.,
2021 Replacement Term Loan, 1 Month SOFR + 3.364% 		8.689(c) 03/15/26   433 429,067
          2,827,567
Mining 0.5%
Rain Carbon GmbH (Germany),
2023 Replacement Term Loan, 3 Month EURIBOR + 5.000% 		8.787(c) 10/31/28 EUR 2,000 2,089,747
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Floating Rate and Other Loans (Continued)
Retail 0.3%
EG America LLC (United Kingdom),
New Term Loan B, 1 Month SOFR + 4.364% 		9.664 %(c) 03/12/26   257  $256,291
Great Outdoors Group LLC,
Term B-2 Loan, 3 Month SOFR + 4.012% 		9.402(c) 03/06/28   1,191 1,180,326
          1,436,617
Software 0.5%
Boxer Parent Co., Inc.,          
2021 Replacement Dollar Term Loan, 1 Month SOFR + 3.864% 9.189(c) 10/02/25   220 219,481
Second Lien Incremental Term Loan, 1 Month SOFR + 5.614% 10.939(c) 02/27/26   350 346,937
     
 
Skillsoft Finance II, Inc.,
Initial Term Loan, 1 Month SOFR + 5.364% 		10.699(c) 07/14/28   1,699 1,542,199
          2,108,617
Telecommunications 0.4%
Digicel International Finance Ltd. (Jamaica),
First Lien Initial Term B Loan, 6 Month LIBOR + 3.250% 		8.981(c) 05/27/24   174 158,713
MLN US HoldCo LLC,          
3L Term B Loans, 3 Month SOFR + 9.350%^ 14.745(c) 10/18/27   4 320
Initial Term Loan, 3 Month SOFR + 6.440% 11.935(c) 10/18/27   25 17,019
Initial Term Loan (Second Out (First Lien Roll-Up)), 3 Month SOFR + 6.800% 12.195(c) 10/18/27   57 14,567
Xplornet Communications, Inc. (Canada),          
First Lien Refinancing Term Loan, 3 Month SOFR + 4.262% 9.652(c) 10/02/28   1,956 1,302,290
Initial Term Loan- Second Lien, 3 Month SOFR + 7.114% 12.505(c) 10/01/29   1,055 375,404
          1,868,313
     
 
Total Floating Rate and Other Loans
(cost $21,925,306) 		17,347,043
    
33
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description     Shares Value
Common Stocks 2.0%
Chemicals 0.7%
TPC Group, Inc. (original cost $734,508; purchased 12/15/22)*^(f)       67,793  $1,491,446
Venator Materials PLC*       315,920,734 1,262,103
          2,753,549
Electric Utilities 0.2%
GenOn Energy Holdings, Inc. (Class A Stock)^       9,187 680,757
Keycon Power Holdings LLC^       2,600 265,200
          945,957
Gas Utilities 0.3%
Ferrellgas Partners LP (Class B Stock) (original cost $2,052,750; purchased 05/06/15 - 09/19/19)(f)       7,475 1,277,661
Hotels, Restaurants & Leisure 0.1%
CEC Entertainment, Inc.       22,321 394,345
Oil, Gas & Consumable Fuels 0.4%
Chesapeake Energy Corp.       20,010 1,722,461
Wireless Telecommunication Services 0.3%
Intelsat Emergence SA (Luxembourg)*       59,619 1,466,628
     
 
Total Common Stocks
(cost $9,473,578) 		8,560,601
Preferred Stock 0.6%
Electronic Equipment, Instruments & Components 
Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31 (original cost $2,635,000; purchased 03/29/21 - 07/08/22)^(f)
(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^       6,242 39,012
34
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Description     Units Value
Rights* (Continued)
Wireless Telecommunication Services (cont’d.)
Intelsat Jackson Holdings SA, Series B (Luxembourg), CVR, expiring 12/05/25^       6,242  $24,968
     
 
Total Rights
(cost $150) 		63,980
 
Total Long-Term Investments
(cost $619,801,411) 		528,861,619
    
      Shares  
Short-Term Investment 4.0%
Affiliated Mutual Fund           
PGIM Core Government Money Market Fund
(cost $17,052,541)(wb) 		    17,052,541 17,052,541
 
TOTAL INVESTMENTS 127.9%
(cost $636,853,952) 		545,914,160
Liabilities in excess of other assets(z) (27.9)% (118,944,554)
 
Net Assets 100.0% $426,969,606
  EUR—Euro
    
  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.
  BARC—Barclays Bank PLC
  BNYM—Bank of New York Mellon
  CDX—Credit Derivative Index
  CLO—Collateralized Loan Obligation
  CVR—Contingent Value Rights
  DAC—Designated Activity Company
  EURIBOR—Euro Interbank Offered Rate
  GSI—Goldman Sachs International
  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
35
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
  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 $6,993,453 and 1.6% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $167,152,357 segregated as collateral for amount of $130,000,000 borrowed and outstanding as of October 31, 2023.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2023.
(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 $20,711,552. The aggregate value of $11,206,703 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.
(wb) Represents an investment in a Fund affiliated with the Manager.
(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 October 31, 2023:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Long Positions:
123   2 Year U.S. Treasury Notes   Dec. 2023    $24,897,891    $(83,644)
404   5 Year U.S. Treasury Notes   Dec. 2023   42,208,530   (728,020)
142   10 Year U.S. Treasury Notes   Dec. 2023   15,076,407   (507,282)
                (1,318,946)
Short Positions:
11   20 Year U.S. Treasury Bonds   Dec. 2023   1,203,813   120,186
2   30 Year U.S. Ultra Treasury Bonds   Dec. 2023   225,125   24,560
                144,746
                $(1,174,200)
Forward foreign currency exchange contracts outstanding at October 31, 2023:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 11/02/23   BNYM   EUR 3,530    $3,732,491    $3,735,256    $2,765    $—
    
36
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
Forward foreign currency exchange contracts outstanding at October 31, 2023 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
Euro,
Expiring 11/02/23   BARC   EUR 3,530    $3,739,201    $3,735,256    $3,945    $—
Expiring 12/04/23   BNYM   EUR 3,530   3,737,295   3,740,572   —   (3,277)
              $7,476,496   $7,475,828   3,945   (3,277)
                      $6,710   $(3,277)
Credit default swap agreements outstanding at October 31, 2023:
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Value at
Trade Date 		  Value at
October 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):
CDX.NA.IG.41.V1 12/20/28   1.000%(Q)     41,420   $(581,678)   $(428,894)   $152,784
    
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Implied Credit
Spread at
October 31,
2023(4) 		  Value at
Trade Date 		  Value at
October 31,
2023 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):
CDX.NA.HY.41.V1 12/20/28   5.000%(Q)     24,315   5.161%   $183,349   $(8,822)   $(192,171)
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
37
PGIM High Yield Bond Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2023
  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.
    
Total return swap agreements outstanding at October 31, 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 US Dollar Liquid High Yield Index(T)   1 Day SOFR(Q)/ 5.350%   MSI   03/20/24   10,525    $(275,297)    $—    $(275,297)
iBoxx US Dollar Liquid Investment Grade Index(T)   1 Day SOFR(Q)/ 5.350%   GSI   12/20/23   (5,060)   256,387   —   256,387
                    $(18,910)   $—   $(18,910)
(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
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