PGIM High Yield Bond Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number:    811-22632
Exact name of registrant as specified in charter:    PGIM High Yield Bond Fund, Inc.
Address of principal executive offices:    655 Broad Street, 17th Floor,
   Newark, New Jersey 07102
Name and address of agent for service:    Andrew R. French
   655 Broad Street, 17th Floor,
   Newark, New Jersey 07102
Registrant’s telephone number, including area code:    800-225-1852
Date of fiscal year end:    5/31/2019
Date of reporting period:    2/28/2019

Item 1. Schedule of Investments 

 

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 127.0%
Bank Loans 18.9%
Auto Manufacturers 0.4%
Navistar, Inc.,
Tranche B Term Loan, 1 Month LIBOR + 3.500% 		6.020 %(c) 11/06/24   2,244  $ 2,234,047
Chemicals 0.9%
Alpha US Bidco, Inc. (United Kingdom),
Initial Term B-1 Loan, 3 Month LIBOR + 3.000% 		5.800(c) 01/31/24   2,000 1,963,750
Solenis International LP,
First Lien Initial Dollar Term Loan, 1 - 3 Month LIBOR + 4.000%^ 		6.583(c) 06/26/25   2,985 2,958,881
          4,922,631
Commercial Services 1.8%
Financial & Risk US Holdings, Inc.,
Initial Dollar Term Loan, 1 Month LIBOR + 3.750% 		6.240(c) 10/01/25   4,895 4,816,474
Laureate Education, Inc.,
Series 2024 Term Loan, 1 Month LIBOR + 3.500%/PRIME + 2.500% 		7.000(c) 04/26/24   4,809 4,808,139
          9,624,613
Computers 1.2%
McAfee LLC,          
Second Lien Initial Loan, 1 Month LIBOR + 8.500% 10.990(c) 09/29/25   1,696 1,714,912
Term B USD Loan, 1 Month LIBOR + 3.750% 6.240(c) 09/30/24   4,989 4,997,322
          6,712,234
Electric 0.1%
NRG Energy, Inc.,
Term Loan, 1 Month LIBOR + 1.750% 		4.240(c) 06/30/23   399 396,926
Vistra Operations Co. LLC,
Initial Term B-1 Loan, 1 Month LIBOR + 2.000% 		4.490(c) 08/04/23   224 223,516
          620,442
Engineering & Construction 0.5%
StandardAero Aviation Holdings, Inc.,
Initial Term Loan, 1 Month LIBOR + 3.750% 		6.240(c) 07/07/22   2,584 2,577,679
1

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Foods 1.0%
JBS USA Lux SA,
Initial Term Loan, 1 - 3 Month LIBOR + 2.500% 		5.197 %(c) 10/30/22   4,244  $ 4,227,741
Shearer’s Foods LLC,
First Lien Term Loan, 1 Month LIBOR + 4.250% 		6.740(c) 06/30/21   992 979,596
          5,207,337
Insurance 0.8%
Asurion LLC,          
Replacement B-6 Term Loan, 1 Month LIBOR + 3.000% 5.490(c) 11/03/23   1,995 1,994,188
Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% 8.990(c) 08/04/25   2,225 2,259,303
          4,253,491
Internet 0.5%
Symantec Corp.,
Term A-5 Loan, 1 Month LIBOR + 1.750% 		4.240(c) 08/01/21   2,564 2,548,077
Media 0.4%
Quebecor Media, Inc. (Canada),
Facility B-1 Tranche, 3 Month LIBOR + 2.250% 		4.930(c) 08/17/20   499 496,187
Radiate HoldCo LLC,
Closing Date Term Loan, 1 Month LIBOR + 3.000% 		5.490(c) 02/01/24   1,592 1,582,518
          2,078,705
Mining 0.5%
Aleris International, Inc.,
Initial Term Loan, 1 Month LIBOR + 4.750% 		7.240(c) 02/27/23   2,916 2,920,954
Oil & Gas 0.1%
Citgo Petroleum Corp.,
Term B Loan, 3 Month LIBOR + 3.500% 		6.300(c) 07/29/21   850 828,750
2

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Pharmaceuticals 0.7%
NVA Holdings, Inc.,
Term B-3 Loan (First Lien), 1 Month LIBOR + 2.750% 		5.240 %(c) 02/02/25   1,496  $ 1,459,779
PharMerica Corp.,
Initial Term Loan (First Lien), 1 Month LIBOR + 3.500%^ 		5.980(c) 12/06/24   2,201 2,197,633
          3,657,412
Retail 1.2%
CEC Entertainment, Inc.,
First Lien Term B Loan, 1 Month LIBOR + 3.250% 		5.740(c) 02/15/21   3,180 3,098,987
Sally Holdings LLC,
Term B-2 Loan^ 		4.500 07/05/24   3,750 3,618,750
          6,717,737
Software 5.1%
Boxer Parent Co., Inc.,
Initial Dollar Term Loan, 3 Month LIBOR + 4.250% 		7.050(c) 10/02/25   4,025 3,999,385
Dun & Bradstreet Corp.,
Initial Term Loan, 1 Month LIBOR + 5.000% 		7.480(c) 02/06/26   2,500 2,503,125
Exela Intermediate LLC,
2018 Repriced Term Loan, 3 Month LIBOR + 6.500% 		9.335(c) 07/12/23   1,937 1,935,078
Finastra USA, Inc.,
First Lien Dollar Term Loan, 3 Month LIBOR + 3.500% 		6.300(c) 06/13/24   3,876 3,838,105
First Data Corp.,
2022D New Dollar Term Loan, 1 Month LIBOR + 2.000% 		4.490(c) 07/08/22   3,661 3,656,201
Infor US, Inc.,
Tranche B-6 Term Loan, 1 Month LIBOR + 2.750% 		5.240(c) 02/01/22   3,900 3,897,562
Informatica LLC,
Dollar Term B-1 Loan, 1 Month LIBOR + 3.250% 		5.740(c) 08/05/22   4,970 4,968,938
RP Crown Parent LLC,
Initial Term Loan, 1 Month LIBOR + 2.750% 		5.240(c) 10/12/23   2,861 2,830,402
          27,628,796
Telecommunications 3.7%
Digicel International Finance Ltd. (Saint Lucia),
First Lien Initial Term B Loan, 3 Month LIBOR + 3.250% 		5.880(c) 05/27/24   2,370 2,085,605
Intelsat Jackson Holdings SA (Luxembourg),          
Tranche B-3 Term Loan, 1 Month LIBOR + 3.750% 6.230(c) 11/27/23   1,000 998,125
3

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
Telecommunications (cont’d.)
Intelsat Jackson Holdings SA (Luxembourg), (cont’d.)          
Tranche B-5 Term Loan 6.630 % 01/02/24   4,795   $4,854,937
     
West Corp.,
Initial Term B Loan, 1 - 3 Month LIBOR + 4.000% 		6.560(c) 10/10/24   3,261 3,084,376
Xplornet Communications, Inc. (Canada),
New Term B Loan, 3 Month LIBOR + 4.000%^ 		6.800(c) 09/09/21   8,786 8,774,779
          19,797,822
Total Bank Loans
(cost $102,336,869) 		102,330,727
Corporate Bonds 107.8%
Advertising 1.2%
Outfront Media Capital LLC/Outfront Media Capital
Corp., 		         
Gtd. Notes(aa) 5.250 02/15/22   2,695 2,736,234
Gtd. Notes(aa) 5.625 02/15/24   3,475 3,557,531
          6,293,765
Aerospace & Defense 3.1%
Bombardier, Inc. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 7.500 12/01/24   6,850 6,969,875
Sr. Unsec’d. Notes, 144A(aa) 8.750 12/01/21   6,900 7,590,000
     
TransDigm, Inc.,
Gtd. Notes(aa) 		6.000 07/15/22   2,450 2,495,325
          17,055,200
Auto Parts & Equipment 0.4%
American Axle & Manufacturing, Inc.,
Gtd. Notes(aa) 		7.750 11/15/19   1,250 1,279,850
IHO Verwaltungs GmbH (Germany),
Sr. Sec’d. Notes, 144A, Cash coupon 4.125% or PIK 4.875% 		4.125 09/15/21   925 915,750
          2,195,600
Banks 1.5%
CIT Group, Inc.,          
Sr. Unsec’d. Notes(aa) 5.000 08/15/22   4,175 4,310,687
4

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Banks (cont’d.)
CIT Group, Inc., (cont’d.)          
Sr. Unsec’d. Notes 5.250 % 03/07/25   900   $942,750
     
Popular, Inc. (Puerto Rico),
Sr. Unsec’d. Notes 		6.125 09/14/23   2,875 2,964,844
          8,218,281
Building Materials 2.7%
Griffon Corp.,
Gtd. Notes(aa) 		5.250 03/01/22   7,478 7,384,525
Standard Industries, Inc.,
Sr. Unsec’d. Notes, 144A 		5.375 11/15/24   1,500 1,522,500
Summit Materials LLC/Summit Materials Finance Corp.,          
Gtd. Notes 6.125 07/15/23   170 174,250
Gtd. Notes 8.500 04/15/22   1,750 1,828,750
     
U.S. Concrete, Inc.,
Gtd. Notes(aa) 		6.375 06/01/24   3,900 3,841,500
          14,751,525
Chemicals 4.9%
Blue Cube Spinco LLC,
Gtd. Notes 		10.000 10/15/25   1,104 1,264,080
Chemours Co. (The),          
Gtd. Notes(aa) 6.625 05/15/23   5,805 6,022,978
Gtd. Notes 7.000 05/15/25   1,905 1,985,962
     
Hexion, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		10.375 02/01/22   475 402,563
NOVA Chemicals Corp. (Canada),          
Sr. Unsec’d. Notes, 144A(aa) 4.875 06/01/24   7,530 7,290,546
Sr. Unsec’d. Notes, 144A 5.250 08/01/23   760 752,400
     
PQ Corp.,
Sr. Sec’d. Notes, 144A(aa) 		6.750 11/15/22   6,772 7,040,848
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A 		8.750 12/15/20   1,693 1,659,140
W.R. Grace & Co.,
Gtd. Notes, 144A 		5.625 10/01/24   100 104,000
          26,522,517
Commercial Services 1.6%
Laureate Education, Inc.,
Gtd. Notes, 144A 		8.250 05/01/25   2,500 2,700,000
5

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Commercial Services (cont’d.)
Nielsen Co. Luxembourg SARL (The),
Gtd. Notes, 144A(aa) 		5.500 % 10/01/21   677  $ 682,924
Nielsen Finance LLC/Nielsen Finance Co.,
Gtd. Notes, 144A(aa) 		5.000 04/15/22   5,155 5,142,112
          8,525,036
Computers 2.5%
Dell International LLC/EMC Corp.,          
Gtd. Notes, 144A(aa) 5.875 06/15/21   6,550 6,679,127
Gtd. Notes, 144A(aa) 7.125 06/15/24   4,775 5,067,064
     
Everi Payments, Inc.,
Gtd. Notes, 144A 		7.500 12/15/25   1,130 1,130,000
NCR Corp.,
Gtd. Notes(aa) 		4.625 02/15/21   935 930,325
          13,806,516
Distribution/Wholesale 0.3%
Global Partners LP/GLP Finance Corp.,          
Gtd. Notes 6.250 07/15/22   550 539,000
Gtd. Notes 7.000 06/15/23   1,350 1,334,812
          1,873,812
Diversified Financial Services 3.1%
Alliance Data Systems Corp.,          
Gtd. Notes, 144A 5.375 08/01/22   2,545 2,583,175
Gtd. Notes, 144A, MTN 5.875 11/01/21   2,900 2,950,750
     
Lions Gate Capital Holdings LLC,
Gtd. Notes, 144A 		6.375 02/01/24   3,095 3,172,375
Nationstar Mortgage Holdings, Inc.,
Gtd. Notes, 144A(aa) 		8.125 07/15/23   6,200 6,308,500
Navient Corp.,          
Sr. Unsec’d. Notes 6.500 06/15/22   825 847,688
Sr. Unsec’d. Notes, MTN 8.000 03/25/20   425 443,840
     
VFH Parent LLC/Orchestra Co-Issuer, Inc.,
Sec’d. Notes, 144A 		6.750 06/15/22   325 333,411
          16,639,739
6

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Electric 1.9%
Calpine Corp.,          
Sr. Sec’d. Notes, 144A 5.875 % 01/15/24   550  $ 561,000
Sr. Unsec’d. Notes(aa) 5.375 01/15/23   3,880 3,841,200
Sr. Unsec’d. Notes(aa) 5.500 02/01/24   3,850 3,705,625
     
GenOn Energy, Inc./NRG Americas, Inc.,
Sec’d. Notes, 3 Month LIBOR + 6.500% 		9.392(c) 12/01/23   735 729,508
Keystone & Conemaugh Pass-Through Certificates,
Gtd. Notes, 144A 		9.000 12/01/23   200 202,000
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   250 249,997
Vistra Energy Corp.,
Gtd. Notes 		7.625 11/01/24   992 1,054,000
          10,343,330
Electronics 0.6%
Jabil, Inc.,
Sr. Unsec’d. Notes 		5.625 12/15/20   690 710,286
Sensata Technologies BV,
Gtd. Notes, 144A(aa) 		4.875 10/15/23   2,480 2,548,200
          3,258,486
Engineering & Construction 0.3%
StandardAero Aviation Holdings, Inc.,
Gtd. Notes, 144A 		10.000 07/15/23   1,525 1,643,188
Entertainment 4.2%
Caesars Resort Collection LLC/CRC Finco, Inc.,
Gtd. Notes, 144A 		5.250 10/15/25   1,000 948,750
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		6.000 03/15/22   4,000 4,085,000
Eldorado Resorts, Inc.,
Gtd. Notes(aa) 		7.000 08/01/23   1,950 2,042,625
International Game Technology PLC,
Sr. Sec’d. Notes, 144A(aa) 		6.250 02/15/22   3,150 3,291,750
Jacobs Entertainment, Inc.,
Sec’d. Notes, 144A 		7.875 02/01/24   2,200 2,304,500
National CineMedia LLC,
Sr. Sec’d. Notes(aa) 		6.000 04/15/22   2,405 2,431,816
7

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Entertainment (cont’d.)
Scientific Games International, Inc.,          
Gtd. Notes(aa) 6.625 % 05/15/21   3,025  $ 3,055,250
Gtd. Notes(aa) 10.000 12/01/22   4,625 4,862,031
          23,021,722
Foods 0.3%
B&G Foods, Inc.,
Gtd. Notes 		4.625 06/01/21   1,400 1,397,813
Forest Products & Paper 0.1%
Mercer International, Inc. (Canada),
Sr. Unsec’d. Notes 		7.750 12/01/22   590 613,600
Gas 0.5%
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes 5.500 05/20/25   450 445,500
Sr. Unsec’d. Notes 5.625 05/20/24   375 378,750
     
Rockpoint Gas Storage Canada Ltd. (Canada),
Sr. Sec’d. Notes, 144A(aa) 		7.000 03/31/23   1,725 1,688,344
          2,512,594
Healthcare-Products 0.4%
Mallinckrodt International Finance SA/Mallinckrodt CB LLC,
Gtd. Notes, 144A(aa) 		4.875 04/15/20   1,960 1,950,396
Healthcare-Services 6.4%
Acadia Healthcare Co., Inc.,          
Gtd. Notes 5.125 07/01/22   500 492,500
Gtd. Notes(aa) 5.625 02/15/23   2,425 2,406,812
CHS/Community Health Systems, Inc.,          
Sec’d. Notes, 144A 8.125 06/30/24   950 798,000
Sr. Sec’d. Notes 6.250 03/31/23   1,475 1,419,688
     
HCA Healthcare, Inc.,
Sr. Unsec’d. Notes(aa) 		6.250 02/15/21   1,750 1,833,720
HCA, Inc.,          
Gtd. Notes(aa) 7.500 02/15/22   3,350 3,672,437
Sr. Sec’d. Notes(aa) 4.750 05/01/23   4,700 4,871,070
     
MEDNAX, Inc.,
Gtd. Notes, 144A 		5.250 12/01/23   1,743 1,762,609
8

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Healthcare-Services (cont’d.)
     
Molina Healthcare, Inc.,
Gtd. Notes(aa) 		5.375 % 11/15/22   1,610  $ 1,659,809
Select Medical Corp.,
Gtd. Notes(aa) 		6.375 06/01/21   2,132 2,139,995
Surgery Center Holdings, Inc.,
Gtd. Notes, 144A 		8.875 04/15/21   2,450 2,492,875
Tenet Healthcare Corp.,          
Sr. Sec’d. Notes(aa) 4.625 07/15/24   2,325 2,319,188
Sr. Sec’d. Notes 4.750 06/01/20   1,525 1,542,156
Sr. Unsec’d. Notes(aa) 6.750 06/15/23   3,800 3,895,000
Sr. Unsec’d. Notes(aa) 8.125 04/01/22   2,900 3,095,750
          34,401,609
Home Builders 9.5%
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A(aa) 		6.875 02/15/21   3,950 3,792,000
Beazer Homes USA, Inc.,
Gtd. Notes(aa) 		8.750 03/15/22   7,150 7,427,062
Brookfield Residential Properties, Inc./Brookfield Residential US Corp. (Canada),
Gtd. Notes, 144A(aa) 		6.125 07/01/22   3,250 3,237,812
KB Home,          
Gtd. Notes(aa) 4.750 05/15/19   3,609 3,609,361
Gtd. Notes 7.625 05/15/23   1,100 1,179,750
Lennar Corp.,          
Gtd. Notes(aa) 4.125 01/15/22   2,600 2,587,000
Gtd. Notes 4.500 11/15/19   1,000 1,003,750
Gtd. Notes 6.250 12/15/21   350 366,188
     
M/I Homes, Inc.,
Gtd. Notes(aa) 		6.750 01/15/21   3,675 3,730,125
Mattamy Group Corp. (Canada),
Sr. Unsec’d. Notes, 144A(aa) 		6.875 12/15/23   2,725 2,704,563
New Home Co., Inc. (The),
Gtd. Notes(aa) 		7.250 04/01/22   3,150 2,899,953
PulteGroup, Inc.,
Gtd. Notes 		4.250 03/01/21   1,100 1,108,250
Shea Homes LP/Shea Homes Funding Corp.,
Gtd. Notes, 144A 		5.875 04/01/23   1,000 962,500
Taylor Morrison Communities, Inc.,
Gtd. Notes(aa) 		6.625 05/15/22   2,050 2,114,063
9

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Home Builders (cont’d.)
Taylor Morrison Communities, Inc./Taylor Morrison
Holdings II, Inc., 		         
Gtd. Notes, 144A(aa) 5.250 % 04/15/21   4,025  $ 4,030,031
Gtd. Notes, 144A 5.625 03/01/24   1,910 1,886,125
Gtd. Notes, 144A 5.875 04/15/23   350 349,125
     
TRI Pointe Group, Inc.,
Gtd. Notes(aa) 		4.875 07/01/21   2,400 2,394,000
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.,
Gtd. Notes 		4.375 06/15/19   1,288 1,286,390
William Lyon Homes, Inc.,          
Gtd. Notes 6.000 09/01/23   2,650 2,464,500
Gtd. Notes 7.000 08/15/22   2,150 2,155,375
          51,287,923
Home Furnishings 0.6%
Tempur Sealy International, Inc.,
Gtd. Notes(aa) 		5.625 10/15/23   3,175 3,206,750
Household Products/Wares 0.3%
Spectrum Brands, Inc.,
Gtd. Notes 		6.625 11/15/22   1,400 1,431,500
Housewares 0.1%
Scotts Miracle-Gro Co. (The),
Gtd. Notes 		6.000 10/15/23   700 721,000
Internet 1.5%
Zayo Group LLC/Zayo Capital, Inc.,
Gtd. Notes(aa) 		6.000 04/01/23   8,010 8,110,125
Iron/Steel 1.1%
AK Steel Corp.,
Sr. Sec’d. Notes(aa) 		7.500 07/15/23   2,910 2,997,009
Cleveland-Cliffs, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		4.875 01/15/24   2,830 2,822,925
          5,819,934
Lodging 1.4%
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp.,          
Sec’d. Notes, 144A 10.250 11/15/22   1,925 2,074,188
10

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Lodging (cont’d.)
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., (cont’d.)          
Sr. Sec’d. Notes, 144A(aa) 6.750 % 11/15/21   4,100   $4,223,000
     
MGM Resorts International,
Gtd. Notes 		6.000 03/15/23   1,225 1,281,656
          7,578,844
Machinery-Diversified 0.4%
Cloud Crane LLC,
Sec’d. Notes, 144A 		10.125 08/01/24   1,975 2,103,375
Media 19.4%
AMC Networks, Inc.,
Gtd. Notes(aa) 		4.750 12/15/22   3,103 3,145,666
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes(aa) 5.250 09/30/22   7,365 7,507,697
Sr. Unsec’d. Notes, 144A 4.000 03/01/23   1,690 1,668,875
Sr. Unsec’d. Notes, 144A(aa) 5.125 05/01/23   8,530 8,680,128
Clear Channel Worldwide Holdings, Inc.,          
Gtd. Notes, Series A(aa) 6.500 11/15/22   5,090 5,198,162
Gtd. Notes, Series A 7.625 03/15/20   1,710 1,710,855
Gtd. Notes, Series B(aa) 6.500 11/15/22   2,403 2,457,068
Sr. Sub. Notes, 144A 9.250 02/15/24   5,390 5,652,762
CSC Holdings LLC,          
Sr. Sec’d. Notes, 144A(aa) 5.375 07/15/23   3,165 3,252,671
Sr. Unsec’d. Notes, 144A(aa) 5.125 12/15/21   6,903 6,924,675
Sr. Unsec’d. Notes, 144A(aa) 5.125 12/15/21   4,930 4,945,480
DISH DBS Corp.,          
Gtd. Notes(aa) 5.125 05/01/20   2,875 2,896,563
Gtd. Notes 5.875 07/15/22   480 458,400
Gtd. Notes(aa) 6.750 06/01/21   5,643 5,769,967
     
Gray Television, Inc.,
Gtd. Notes, 144A 		5.125 10/15/24   125 124,531
Mediacom Broadband LLC/Mediacom Broadband Corp.,
Sr. Unsec’d. Notes 		5.500 04/15/21   1,800 1,795,500
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A 		6.875 08/15/23   4,960 5,176,802
Nexstar Broadcasting, Inc.,          
Gtd. Notes 5.875 11/15/22   850 869,125
Gtd. Notes, 144A 5.625 08/01/24   2,500 2,481,250
11

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Media (cont’d.)
Nexstar Broadcasting, Inc., (cont’d.)          
Gtd. Notes, 144A 6.125 % 02/15/22   1,035   $1,050,525
     
Quebecor Media, Inc. (Canada),
Sr. Unsec’d. Notes(aa) 		5.750 01/15/23   2,720 2,817,750
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Unsec’d. Notes, 144A 6.625 02/15/25   150 141,000
Sr. Unsec’d. Notes, 144A 6.875 02/15/23   1,055 1,023,350
Sinclair Television Group, Inc.,          
Gtd. Notes(aa) 5.375 04/01/21   3,931 3,935,914
Gtd. Notes(aa) 6.125 10/01/22   4,475 4,574,345
Gtd. Notes, 144A 5.625 08/01/24   2,080 2,098,200
TEGNA, Inc.,          
Gtd. Notes 5.125 10/15/19   346 346,865
Gtd. Notes(aa) 6.375 10/15/23   4,735 4,888,887
Gtd. Notes, 144A(aa) 4.875 09/15/21   4,260 4,281,300
Univision Communications, Inc.,          
Sr. Sec’d. Notes, 144A(aa) 5.125 05/15/23   3,035 2,754,263
Sr. Sec’d. Notes, 144A(aa) 6.750 09/15/22   6,328 6,367,550
          104,996,126
Metal Fabricate/Hardware 1.9%
Novelis Corp.,
Gtd. Notes, 144A(aa) 		6.250 08/15/24   4,063 4,093,472
Zekelman Industries, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		9.875 06/15/23   5,634 5,998,520
          10,091,992
Mining 2.9%
Constellium NV,
Gtd. Notes, 144A 		6.625 03/01/25   2,380 2,397,850
First Quantum Minerals Ltd. (Zambia),          
Gtd. Notes, 144A(aa) 7.000 02/15/21   3,485 3,542,502
Sr. Unsec’d. Notes, 144A 7.250 05/15/22   1,565 1,574,781
Freeport-McMoRan, Inc.,          
Gtd. Notes 3.550 03/01/22   650 642,688
Gtd. Notes(aa) 3.875 03/15/23   5,275 5,198,407
     
IAMGOLD Corp. (Canada),
Gtd. Notes, 144A 		7.000 04/15/25   1,000 995,000
12

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mining (cont’d.)
     
International Wire Group, Inc.,
Sec’d. Notes, 144A 		10.750 % 08/01/21   825  $ 756,938
New Gold, Inc. (Canada),
Gtd. Notes, 144A(aa) 		6.250 11/15/22   700 620,375
          15,728,541
Miscellaneous Manufacturing 0.0%
FXI Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		7.875 11/01/24   225 215,438
Oil & Gas 6.9%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes 		7.875 12/15/24   2,450 777,875
Antero Resources Corp.,          
Gtd. Notes 5.125 12/01/22   275 275,440
Gtd. Notes(aa) 5.625 06/01/23   3,525 3,533,812
     
Ascent Resources Utica Holdings LLC/ARU Finance Corp.,
Sr. Unsec’d. Notes, 144A(aa) 		10.000 04/01/22   4,944 5,327,160
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A 		10.750 02/15/20   6,521 6,692,176
CNX Resources Corp.,
Gtd. Notes(aa) 		5.875 04/15/22   5,008 5,058,080
Denbury Resources, Inc.,
Sec’d. Notes, 144A 		9.000 05/15/21   250 252,188
Endeavor Energy Resources LP/EER Finance, Inc.,
Sr. Unsec’d. Notes, 144A 		5.500 01/30/26   1,925 2,016,437
MEG Energy Corp. (Canada),          
Gtd. Notes, 144A(aa) 6.375 01/30/23   5,500 5,018,750
Gtd. Notes, 144A 7.000 03/31/24   325 297,375
Range Resources Corp.,          
Gtd. Notes 5.000 03/15/23   2,475 2,391,469
Gtd. Notes 5.875 07/01/22   1,000 1,010,000
     
Sunoco LP/Sunoco Finance Corp.,
Gtd. Notes(aa) 		4.875 01/15/23   3,600 3,645,000
WPX Energy, Inc.,          
Sr. Unsec’d. Notes 6.000 01/15/22   725 748,562
Sr. Unsec’d. Notes 8.250 08/01/23   450 504,563
          37,548,887
13

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Oil & Gas Services 0.2%
Nine Energy Service, Inc.,
Sr. Unsec’d. Notes, 144A 		8.750 % 11/01/23   1,100  $ 1,100,000
Packaging & Containers 2.7%
ARD Finance SA (Luxembourg),
Sr. Sec’d. Notes, Cash coupon 7.125% or PIK 7.875% 		7.125 09/15/23   3,000 3,007,500
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland),
Sr. Sec’d. Notes, 144A 		4.250 09/15/22   2,000 1,996,400
Greif, Inc.,
Sr. Unsec’d. Notes(aa) 		7.750 08/01/19   5,500 5,601,750
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC,
Sr. Sec’d. Notes(aa) 		5.750 10/15/20   4,143 4,151,221
          14,756,871
Pharmaceuticals 0.3%
Bausch Health Cos., Inc.,
Sr. Sec’d. Notes, 144A 		6.500 03/15/22   775 803,094
Endo Finance LLC/Endo Finco, Inc.,
Gtd. Notes, 144A 		5.375 01/15/23   1,000 824,375
          1,627,469
Real Estate 0.1%
Howard Hughes Corp. (The),
Sr. Unsec’d. Notes, 144A 		5.375 03/15/25   500 493,750
Real Estate Investment Trusts (REITs) 2.2%
FelCor Lodging LP,
Gtd. Notes 		6.000 06/01/25   2,150 2,233,291
GLP Capital LP/GLP Financing II, Inc.,
Gtd. Notes 		5.375 11/01/23   1,500 1,557,660
Sabra Health Care LP/Sabra Capital Corp.,
Gtd. Notes(aa) 		5.500 02/01/21   2,625 2,662,734
SBA Communications Corp.,
Sr. Unsec’d. Notes(aa) 		4.000 10/01/22   4,645 4,598,550
VICI Properties 1 LLC/VICI FC, Inc.,
Sec’d. Notes 		8.000 10/15/23   748 816,644
          11,868,879
14

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Retail 5.9%
Beacon Roofing Supply, Inc.,
Gtd. Notes 		6.375 % 10/01/23   925  $ 955,063
Brinker International, Inc.,
Gtd. Notes, 144A 		5.000 10/01/24   1,050 1,010,625
Carvana Co.,
Gtd. Notes, 144A(aa) 		8.875 10/01/23   3,775 3,661,750
CEC Entertainment, Inc.,
Gtd. Notes 		8.000 02/15/22   1,175 1,066,312
Ferrellgas LP/Ferrellgas Finance Corp.,          
Gtd. Notes 6.750 06/15/23   725 648,875
Sr. Unsec’d. Notes 6.500 05/01/21   400 358,000
Sr. Unsec’d. Notes 6.750 01/15/22   675 600,750
Ferrellgas Partners LP/Ferrellgas Partners Finance
Corp., 		         
Sr. Unsec’d. Notes 8.625 06/15/20   975 755,625
Sr. Unsec’d. Notes 8.625 06/15/20   2,475 1,918,125
Golden Nugget, Inc.,          
Gtd. Notes, 144A 8.750 10/01/25   1,500 1,545,000
Sr. Unsec’d. Notes, 144A 6.750 10/15/24   2,225 2,236,125
     
Hot Topic, Inc.,
Sr. Sec’d. Notes, 144A 		9.250 06/15/21   200 200,000
L Brands, Inc.,          
Gtd. Notes(aa) 5.625 10/15/23   4,120 4,089,100
Gtd. Notes(aa) 6.625 04/01/21   3,400 3,536,000
Gtd. Notes 7.000 05/01/20   750 772,500
     
PetSmart, Inc.,
Gtd. Notes, 144A 		7.125 03/15/23   2,675 1,812,312
Rite Aid Corp.,
Gtd. Notes, 144A(aa) 		6.125 04/01/23   4,700 4,006,750
Sally Holdings LLC/Sally Capital, Inc.,
Gtd. Notes 		5.500 11/01/23   200 202,000
Yum! Brands, Inc.,
Sr. Unsec’d. Notes(aa) 		3.875 11/01/20   2,400 2,400,000
          31,774,912
Semiconductors 0.2%
NXP BV/NXP Funding LLC (Netherlands),
Gtd. Notes, 144A 		3.875 09/01/22   1,090 1,087,177
15

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Software 4.4%
Infor Software Parent LLC/Infor Software Parent, Inc.,
Sr. Unsec’d. Notes, 144A, Cash coupon 7.125% or PIK 7.875% 		7.125 % 05/01/21   2,995  $ 3,006,980
Infor US, Inc.,
Gtd. Notes(aa) 		6.500 05/15/22   5,495 5,603,636
Informatica LLC,
Sr. Unsec’d. Notes, 144A(aa) 		7.125 07/15/23   3,035 3,073,302
Nuance Communications, Inc.,
Gtd. Notes, 144A 		5.375 08/15/20   2,588 2,588,000
RP Crown Parent LLC,
Gtd. Notes, 144A(aa) 		7.375 10/15/24   1,410 1,445,250
TIBCO Software, Inc.,
Sr. Unsec’d. Notes, 144A(aa) 		11.375 12/01/21   7,455 7,920,937
          23,638,105
Telecommunications 7.4%
CenturyLink, Inc.,          
Sr. Unsec’d. Notes 5.625 04/01/25   1,355 1,291,938
Sr. Unsec’d. Notes, Series S(aa) 6.450 06/15/21   4,775 4,959,793
Sr. Unsec’d. Notes, Series Y 7.500 04/01/24   730 772,203
     
CommScope Finance LLC,
First Lien, 144A 		6.000 03/01/26   2,075 2,121,688
CommScope Technologies LLC,
Gtd. Notes, 144A 		6.000 06/15/25   1,000 942,500
CommScope, Inc.,
Gtd. Notes, 144A(aa) 		5.500 06/15/24   6,050 5,808,000
Iridium Communications, Inc.,
Sr. Unsec’d. Notes, 144A 		10.250 04/15/23   2,850 3,113,625
Level 3 Financing, Inc.,
Gtd. Notes(aa) 		6.125 01/15/21   6,022 6,046,389
Level 3 Parent LLC,
Sr. Unsec’d. Notes 		5.750 12/01/22   925 935,406
ORBCOMM, Inc.,
Sr. Sec’d. Notes, 144A(aa) 		8.000 04/01/24   4,000 4,140,000
Sprint Corp.,          
Gtd. Notes(aa) 7.250 09/15/21   3,225 3,406,406
Gtd. Notes(aa) 7.875 09/15/23   4,910 5,254,977
     
T-Mobile USA, Inc.,
Gtd. Notes 		6.375 03/01/25   1,200 1,248,750
          40,041,675
16

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Textiles 0.0%
Eagle Intermediate Global Holding BV/Ruyi US Finance LLC (China),
Sr. Sec’d. Notes, 144A 		7.500 % 05/01/25   150  $ 145,575
Transportation 0.8%
XPO Logistics, Inc.,          
Gtd. Notes, 144A 6.125 09/01/23   200 199,500
Gtd. Notes, 144A 6.500 06/15/22   1,405 1,429,587
Sr. Unsec’d. Notes, 144A 6.750 08/15/24   2,800 2,817,836
          4,446,923
Trucking & Leasing 1.6%
Avolon Holdings Funding Ltd. (Ireland),          
Gtd. Notes, 144A 5.125 10/01/23   2,625 2,651,250
Gtd. Notes, 144A 5.500 01/15/23   1,875 1,922,250
Park Aerospace Holdings Ltd. (Ireland),          
Gtd. Notes, 144A 4.500 03/15/23   200 198,500
Gtd. Notes, 144A 5.250 08/15/22   3,350 3,429,429
Gtd. Notes, 144A 5.500 02/15/24   375 387,656
          8,589,085
Total Corporate Bonds
(cost $587,689,440) 		583,435,585
    
      Shares  
Common Stocks 0.3%
Electric Utilities 0.3%
GenOn Holdings, Inc. (Class A)*^       9,187 1,286,180
Keycon Power Holdings LLC*^       1,100 275,000
          1,561,180
17

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 0.0%
Frontera Energy Corp. (Colombia)       2,066  $ 19,686
Total Common Stocks
(cost $1,300,995) 		1,580,866
 
Total Long-Term Investments
(cost $691,327,304) 		687,347,178
    
         
Short-Term Investment 4.0%
Affiliated Mutual Fund 
PGIM Core Ultra Short Bond Fund
(cost $21,726,960)(w) 		    21,726,960 21,726,960
 
TOTAL INVESTMENTS 131.0%
(cost $713,054,264) 		709,074,138
Liabilities in excess of other assets (31.0)% (167,820,426)
 
Net Assets 100.0% $ 541,253,712
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.
  L2—Level 2
  L3—Level 3
  LIBOR—London Interbank Offered Rate
  MTN—Medium Term Note
  PIK—Payment-in-Kind
  REIT(s)—Real Estate Investment Trust(s)
    
* 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 $19,111,223 and 3.5% of net assets.
(aa) Represents security, or a portion thereof, with aggregate value of $369,647,552 segregated as collateral for amount of $175,000,000 borrowed and outstanding as of February 28, 2019.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at February 28, 2019.
(w) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
Fair Value Measurements:
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.
Level 1—unadjusted quoted prices generally in active markets for identical securities.
18

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other observable inputs.
Level 3—unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.
The following is a summary of the inputs used as of February 28, 2019 in valuing such portfolio securities:
  Level 1   Level 2   Level 3
Investments in Securities          
Bank Loans
  $ —    $ 84,780,684    $17,550,043
Corporate Bonds
 —   583,435,585   —
Common Stocks
 —   19,686   1,561,180
Affiliated Mutual Fund
 21,726,960   —   —
Total $21,726,960   $668,235,955   $19,111,223
The following is a reconciliation of assets in which unobservable inputs (Level 3) were used in determining fair value:
  Bank Loans   Common Stocks      
Balance as of 05/31/18
  $ 1,429,305    $ —      
Realized gain (loss)
 16   (81)      
Change in unrealized appreciation (depreciation)
 (41,612)   304,125      
Purchases/Exchanges/Issuances
 10,819,150   1,257,136      
Sales/Paydowns
 (47,432)   —      
Accrued discount/premium
 (1,254)   —      
Transfers into of Level 3
 6,821,175   —      
Transfers out of Level 3
 (1,429,305)   —      
Balance as of 02/28/19
 $17,550,043   $1,561,180      
Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end $ (41,612)   $ 304,125      
Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by Board, which contain unobservable inputs as follows:
Level 3 Securities   Fair Value as of
February 28, 2019 		  Valuation
Methodology 		  Unobservable Inputs   Range
(Weighted Average)
Bank Loans    $17,550,043   Market Approach   Single Broker Indicative Quote   $96.50-$99.88
($99.03)
Common
Stocks 		  1,561,180   Market Approach   Single Broker Indicative Quote   $140.00 - $250.00
($151.76)
    $19,111,223            
19

PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of February 28, 2019 (unaudited) (continued)
It is the Fund’s policy to recognize transfers in and transfers out at the fair value as of the beginning of period. Securities transferred levels as follows:
Investments in Securities   Amount Transferred   Level Transfer   Logic
Bank Loans   $1,429,305   L3 to L2   Single Broker Indicative Quote to Multiple Broker Quotes
Bank Loans   $6,821,175   L2 to L3   Multiple Broker Quotes to Single Broker Quote
20

Effective March 8, 2019, the Fund’s name was changed to PGIM High Yield Bond Fund, Inc.
Notes to Schedule of Investments (unaudited)
Securities Valuation: The Fund holds securities and other assets and liabilities that are fair valued at the close of each day (generally, 4:00 PM Eastern time) the New York Stock Exchange (“NYSE”) is open for trading. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Fund’s Board of Directors (the “Board”) has adopted valuation procedures for security valuation under which fair valuation responsibilities have been delegated to PGIM Investments LLC (“PGIM Investments” or the “Manager”). Pursuant to the Board’s delegation, the Manager has established a Valuation Committee responsible for supervising the fair valuation of portfolio securities and other assets and liabilities. The valuation procedures permit the Fund to utilize independent pricing vendor services, quotations from market makers, and alternative valuation methods when market quotations are either not readily available or not deemed representative of fair value. A record of the Valuation Committee’s actions is subject to the Board’s review, approval, and ratification at its next regularly scheduled quarterly meeting.
For the fiscal reporting period-end, securities and other assets and liabilities were fair valued at the close of the last U.S. business day. Trading in certain foreign securities may occur when the NYSE is closed (including weekends and holidays). Because such foreign securities trade in markets that are open on weekends and U.S. holidays, the values of some of the Fund’s foreign investments may change on days when investors cannot purchase or redeem Fund shares.
Various inputs determine how the Fund’s investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed in the Schedule of Investments and referred to herein as the “fair value hierarchy” in accordance with Financial Accounting Standards Board Accounting Standard Codification Topic 820 - Fair Value Measurements and Disclosures.
Investments in open-end, non-exchange-traded mutual funds are valued at their net asset values as of the close of the NYSE on the date of valuation. These securities are classified as Level 1 in the fair value hierarchy since they may be purchased or sold at their net asset values on the date of valuation.
Fixed income securities traded in the OTC market are generally classified as Level 2 in the fair value hierarchy. Such fixed income securities are typically valued using the market approach which generally involves obtaining data from an approved independent third-party
21

vendor source. The Fund utilizes the market approach as the primary method to value securities when market prices of identical or comparable instruments are available. The third-party vendors’ valuation techniques used to derive the evaluated bid price are based on evaluating observable inputs, including but not limited to, yield curves, yield spreads, credit ratings, deal terms, tranche level attributes, default rates, cash flows, prepayment speeds, broker/dealer quotations and reported trades. Certain Level 3 securities are also valued using the market approach when obtaining a single broker quote or when utilizing transaction prices for identical securities that have been used in excess of five business days. During the reporting period, there were no changes to report with respect to the valuation approach and/or valuation techniques discussed above.
Bank loans are generally valued at prices provided by approved independent pricing vendors. The pricing vendors utilize broker/dealer quotations and provide prices based on the average of such quotations. Bank loans valued using such vendor prices are generally classified as Level 2 in the fair value hierarchy. Bank loans valued based on a single broker quote or at the original transaction price in excess of five business days are classified as Level 3 in the fair value hierarchy.
Securities and other assets that cannot be priced according to the methods described above are valued based on pricing methodologies approved by the Board. In the event that unobservable inputs are used when determining such valuations, the securities will be classified as Level 3 in the fair value hierarchy.
When determining the fair value of securities, some of the factors influencing the valuation include: the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of the issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the Manager regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other unaffiliated mutual funds to calculate their net asset values.
The Fund may invest without limit in illiquid securities, including those that are restricted as to disposition under securities law (“restricted securities”). Such restricted securities are valued pursuant to the valuation procedures noted above.
The Fund may invest its overnight sweep cash in the PGIM Core Ultra Short Bond Fund, a series of the Prudential Investment Portfolios 2, registered under the Investment Company Act of 1940, as amended, and managed by PGIM Investments.
22

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).
23

Item 2. Controls and Procedures

 

  (a)

It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b)

There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) PGIM High Yield Bond Fund, Inc.

 

By (Signature and Title)*      /s/ Andrew R. French
     Andrew R. French
     Secretary of the Fund

Date     April 12, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*      /s/ Stuart S. Parker
     Stuart S. Parker
     President and Principal Executive Officer

Date     April 12, 2019

 

By (Signature and Title)*      /s/ Christian J. Kelly
     Christian J. Kelly
     Treasurer and Principal Financial and Accounting Officer

Date     April 12, 2019

 

* Print the name and title of each signing officer under his or her signature.