PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 126.3% | |||||
Bank Loans 10.1% | |||||
Airlines 0.6% | |||||
American Airlines, Inc., Initial Term Loan, 3 Month LIBOR + 4.750% | 5.500 %(c) | 04/20/28 | 1,246 | $1,295,751 | |
United Airlines, Inc., Class B Term Loan, 1 Month LIBOR + 3.750% | 4.500(c) | 04/21/28 | 2,209 | 2,237,300 | |
3,533,051 | |||||
Chemicals 1.6% | |||||
Hexion, Inc., Senior Secured Term B Loan, 3 Month LIBOR + 3.500% | 3.640(c) | 07/01/26 | 1,474 | 1,471,776 | |
Solenis International LP, | |||||
First Lien Initial Dollar Term Loan, 1 Month LIBOR + 4.000% | 4.087(c) | 06/26/25 | 5,598 | 5,593,176 | |
Second Lien Initial Term Loan, 1 Month LIBOR + 8.500% | 8.587(c) | 06/26/26 | 1,875 | 1,870,312 | |
8,935,264 | |||||
Commercial Services 0.2% | |||||
Verscend Holding Corp., New Term Loan B, 1 Month LIBOR + 4.000% | 4.087(c) | 08/27/25 | 998 | 998,747 | |
Computers 1.3% | |||||
McAfee LLC, Term B Loan, 1 Month LIBOR + 3.750% | 3.837(c) | 09/30/24 | 5,483 | 5,486,515 | |
Peraton Corp., First Lien Term B Loan, 1 Month LIBOR + 3.750% | 4.500(c) | 02/01/28 | 2,011 | 2,012,243 | |
7,498,758 | |||||
Electric 0.3% | |||||
Heritage Power LLC, Term Loan B, 3 Month LIBOR + 6.000% | 7.000(c) | 07/30/26 | 2,078 | 1,825,227 | |
Engineering & Construction 0.0% | |||||
Landry’s Finance Acquisition Co., 2020 Initial Term Loan, 3 Month LIBOR + 12.000% | 13.000(c) | 10/04/23 | 60 | 65,082 |
1
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Entertainment 0.0% | |||||
Scientific Games International, Inc., Initial Term B-5 Loan, 1 Month LIBOR + 2.750% | 2.837 %(c) | 08/14/24 | 293 | $291,809 | |
Housewares 0.2% | |||||
Sunset Debt Merger Sub, Inc., Initial Term Loan, 1 Month LIBOR + 4.000% | 4.750(c) | 10/06/28 | 1,015 | 1,006,119 | |
Insurance 0.4% | |||||
Asurion LLC, | |||||
New B-4 Term Loan, 1 Month LIBOR + 5.250% | 5.337(c) | 01/20/29 | 1,990 | 1,980,880 | |
Replacement B-6 Term Loan, 1 Month LIBOR + 3.125% | 3.212(c) | 11/03/23 | 212 | 211,322 | |
2,192,202 | |||||
Media 0.2% | |||||
Diamond Sports Group LLC, Term Loan, 1 Month LIBOR + 3.250% | 3.340(c) | 08/24/26 | 219 | 113,929 | |
iHeartCommunications, Inc., New Term Loan, 1 Month LIBOR + 3.000% | 3.087(c) | 05/01/26 | 1,153 | 1,144,371 | |
1,258,300 | |||||
Oil & Gas 0.9% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 10.000(c) | 11/01/25 | 3,340 | 3,653,960 | |
Citgo Holding, Inc., Term Loan, 3 Month LIBOR + 7.000% | 8.000(c) | 08/01/23 | 564 | 559,978 | |
Citgo Petroleum Corp., 2019 Incremental Term B Loan, 3 Month LIBOR + 6.250% | 7.250(c) | 03/28/24 | 778 | 778,306 | |
4,992,244 | |||||
Pharmaceuticals 0.3% | |||||
Change Healthcare Holdings LLC, Closing Date Term Loan, 1 Month LIBOR + 2.500% | 3.500(c) | 03/01/24 | 954 | 953,004 | |
Gainwell Acquisition Corp., Term B Loan, 3 Month LIBOR + 4.000% | 4.750(c) | 10/01/27 | 844 | 845,471 | |
1,798,475 |
2
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Retail 0.3% | |||||
EG America LLC (United Kingdom), Project Becker Additional Facility, 3 Month LIBOR + 4.250% | 4.750 %(c) | 03/31/26 | 342 | $340,867 | |
Great Outdoors Group LLC, Term B-1 Loan, 3 Month LIBOR + 4.250% | 5.000(c) | 03/06/28 | 1,216 | 1,219,612 | |
1,560,479 | |||||
Software 2.6% | |||||
Boxer Parent Co., Inc., | |||||
2021 Replacement Dollar Term Loan, 3 Month LIBOR + 3.750% | 3.882(c) | 10/02/25 | 225 | 223,415 | |
Term Loan | —(p) | 03/31/26 | 350 | 354,375 | |
Camelot Co. (Luxembourg), Amendment No. 2 Incremental Term Loans, 1 Month LIBOR + 3.000% | 4.000(c) | 10/30/26 | 764 | 765,180 | |
Dun & Bradstreet Corp., Term Loan B, 1 Month LIBOR + 3.250% | 3.338(c) | 02/06/26 | 1,369 | 1,364,013 | |
Finastra USA, Inc., | |||||
Dollar Term Loan (Second Lien), 6 Month LIBOR + 7.250% | 8.250(c) | 06/13/25 | 1,400 | 1,398,468 | |
First Lien Dollar Term Loan, 6 Month LIBOR + 3.500% | 4.500(c) | 06/13/24 | 3,773 | 3,750,483 | |
Greeneden U.S. Holdings II LLC, B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% | 4.750(c) | 12/01/27 | 498 | 498,589 | |
Rackspace Technology Global, Inc., Term B Loan, 3 Month LIBOR + 2.750% | 3.500(c) | 02/15/28 | 572 | 567,977 | |
Skillsoft Finance II, Inc., Initial Term Loan, 3 Month LIBOR + 4.750% | 5.500(c) | 07/14/28 | 1,525 | 1,532,625 | |
TIBCO Software, Inc., | |||||
Second Lien Term Loan, 1 Month LIBOR + 7.250% | 7.340(c) | 03/03/28 | 1,015 | 1,017,221 | |
Term Loan B-3, 1 Month LIBOR + 3.750% | 3.840(c) | 06/30/26 | 3,359 | 3,290,616 | |
14,762,962 | |||||
Telecommunications 1.2% | |||||
Crown Subsea Communications Holding, Inc., Initial Term Loan, 1 Month LIBOR + 5.000% | 5.750(c) | 04/27/27 | 524 | 528,354 | |
Intelsat Jackson Holdings SA (Luxembourg), DIP Term Loan, 3 Month LIBOR + 4.750% | 5.750(c) | 07/13/22 | 546 | 549,654 | |
West Corp., Initial Term B Loan, 3 Month LIBOR + 4.000% | 5.000(c) | 10/10/24 | 3,509 | 3,445,882 |
3
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Telecommunications (cont’d.) | |||||
Xplornet Communications, Inc. (Canada), | |||||
Refinancing Term Loan, 3 Month LIBOR + 4.000% | 4.500 %(c) | 10/02/28 | 1,870 | $1,866,494 | |
Second Lien Initial Term Loan, 3 Month LIBOR + 7.000%^ | 7.500(c) | 10/01/29 | 270 | 268,650 | |
6,659,034 | |||||
Total Bank Loans (cost $56,922,561) | 57,377,753 | ||||
Corporate Bonds 111.5% | |||||
Advertising 0.6% | |||||
National CineMedia LLC, Sr. Unsec’d. Notes(aa) | 5.750 | 08/15/26 | 1,125 | 904,143 | |
Terrier Media Buyer, Inc., Gtd. Notes, 144A(aa) | 8.875 | 12/15/27 | 2,530 | 2,680,581 | |
3,584,724 | |||||
Aerospace & Defense 4.1% | |||||
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes(aa) | 5.150 | 05/01/30 | 2,200 | 2,567,495 | |
Sr. Unsec’d. Notes(aa) | 5.805 | 05/01/50 | 3,150 | 4,317,801 | |
Sr. Unsec’d. Notes | 5.930 | 05/01/60 | 250 | 351,611 | |
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 02/15/28 | 1,050 | 1,059,105 | |
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 875 | 918,486 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 1,975 | 2,055,903 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 2,050 | 2,103,198 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.875 | 04/15/27 | 4,215 | 4,383,469 | |
Spirit AeroSystems, Inc., Sec’d. Notes, 144A | 7.500 | 04/15/25 | 1,200 | 1,267,030 | |
SSL Robotics LLC, Sr. Sec’d. Notes, 144A | 9.750 | 12/31/23 | 794 | 858,233 | |
TransDigm, Inc., | |||||
Gtd. Notes | 4.625 | 01/15/29 | 800 | 794,919 | |
Gtd. Notes(aa) | 5.500 | 11/15/27 | 2,300 | 2,358,194 | |
23,035,444 |
4
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Agriculture 0.2% | |||||
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 % | 02/01/29 | 1,350 | $1,346,724 | |
Airlines 1.1% | |||||
American Airlines, Inc., Sr. Sec’d. Notes, 144A | 11.750 | 07/15/25 | 250 | 309,697 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd., | |||||
Sr. Sec’d. Notes, 144A | 5.500 | 04/20/26 | 1,450 | 1,520,563 | |
Sr. Sec’d. Notes, 144A | 5.750 | 04/20/29 | 1,550 | 1,668,326 | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 01/20/26 | 575 | 603,750 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 1,080 | 1,118,259 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 830 | 855,927 | |
6,076,522 | |||||
Apparel 0.4% | |||||
Hanesbrands, Inc., Gtd. Notes, 144A | 5.375 | 05/15/25 | 400 | 416,610 | |
William Carter Co. (The), Gtd. Notes, 144A(aa) | 5.500 | 05/15/25 | 1,200 | 1,255,652 | |
Wolverine World Wide, Inc., Gtd. Notes, 144A | 4.000 | 08/15/29 | 325 | 320,791 | |
1,993,053 | |||||
Auto Manufacturers 2.8% | |||||
Allison Transmission, Inc., Sr. Unsec’d. Notes, 144A | 5.875 | 06/01/29 | 969 | 1,044,571 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes(aa) | 4.750 | 01/15/43 | 3,925 | 4,288,686 | |
Sr. Unsec’d. Notes(aa) | 5.291 | 12/08/46 | 3,300 | 3,789,778 | |
Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 200 | 274,289 | |
Sr. Unsec’d. Notes | 9.000 | 04/22/25 | 1,200 | 1,443,134 | |
Sr. Unsec’d. Notes | 9.625 | 04/22/30 | 1,140 | 1,642,372 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 4.000 | 11/13/30 | 400 | 417,641 | |
Sr. Unsec’d. Notes | 5.584 | 03/18/24 | 310 | 334,009 | |
Jaguar Land Rover Automotive PLC (United Kingdom), Sr. Unsec’d. Notes, 144A | 7.750 | 10/15/25 | 1,000 | 1,079,652 |
5
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Manufacturers (cont’d.) | |||||
PM General Purchaser LLC, Sr. Sec’d. Notes, 144A | 9.500 % | 10/01/28 | 1,325 | $1,381,715 | |
Wabash National Corp., Gtd. Notes, 144A | 4.500 | 10/15/28 | 450 | 437,939 | |
16,133,786 | |||||
Auto Parts & Equipment 2.1% | |||||
Adient Global Holdings Ltd., Gtd. Notes, 144A | 4.875 | 08/15/26 | 2,725 | 2,776,444 | |
Adient US LLC, Sr. Sec’d. Notes, 144A | 9.000 | 04/15/25 | 275 | 294,697 | |
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes | 5.000 | 10/01/29 | 1,800 | 1,719,819 | |
Gtd. Notes(aa) | 6.250 | 03/15/26 | 686 | 704,883 | |
Gtd. Notes(aa) | 6.500 | 04/01/27 | 1,000 | 1,044,233 | |
Gtd. Notes | 6.875 | 07/01/28 | 406 | 431,002 | |
Cooper-Standard Automotive, Inc., Gtd. Notes, 144A | 5.625 | 11/15/26 | 1,090 | 874,301 | |
Dana Financing Luxembourg Sarl, Gtd. Notes, 144A | 5.750 | 04/15/25 | 500 | 514,896 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.250 | 09/01/30 | 250 | 252,930 | |
Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 200 | 209,690 | |
Sr. Unsec’d. Notes | 5.625 | 06/15/28 | 750 | 793,797 | |
Tenneco, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.125 | 04/15/29 | 1,675 | 1,659,876 | |
Sr. Sec’d. Notes, 144A | 7.875 | 01/15/29 | 175 | 191,335 | |
Titan International, Inc., Sr. Sec’d. Notes, 144A | 7.000 | 04/30/28 | 650 | 668,524 | |
12,136,427 | |||||
Banks 0.8% | |||||
Citigroup, Inc., Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 625 | 632,405 | |
Freedom Mortgage Corp., Sr. Unsec’d. Notes, 144A | 7.625 | 05/01/26 | 700 | 685,782 | |
Popular, Inc. (Puerto Rico), Sr. Unsec’d. Notes | 6.125 | 09/14/23 | 2,875 | 3,069,469 | |
4,387,656 |
6
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Building Materials 2.2% | |||||
Cornerstone Building Brands, Inc., Gtd. Notes, 144A | 6.125 % | 01/15/29 | 900 | $936,857 | |
Griffon Corp., Gtd. Notes | 5.750 | 03/01/28 | 1,455 | 1,521,456 | |
JELD-WEN, Inc., Gtd. Notes, 144A | 4.625 | 12/15/25 | 701 | 709,097 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/30 | 375 | 365,494 | |
Gtd. Notes, 144A | 5.375 | 02/01/28 | 205 | 215,471 | |
Patrick Industries, Inc., | |||||
Gtd. Notes, 144A | 4.750 | 05/01/29 | 525 | 522,333 | |
Gtd. Notes, 144A | 7.500 | 10/15/27 | 825 | 884,234 | |
SRM Escrow Issuer LLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 1,550 | 1,614,664 | |
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 3.375 | 01/15/31 | 625 | 579,990 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.375 | 07/15/30 | 875 | 878,084 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.750 | 01/15/28 | 1,975 | 2,038,831 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/15/27 | 370 | 379,783 | |
Summit Materials LLC/Summit Materials Finance Corp., | |||||
Gtd. Notes, 144A | 5.250 | 01/15/29 | 230 | 241,826 | |
Gtd. Notes, 144A(aa) | 6.500 | 03/15/27 | 1,400 | 1,468,921 | |
12,357,041 | |||||
Chemicals 4.6% | |||||
Ashland LLC, Gtd. Notes(aa) | 6.875 | 05/15/43 | 2,125 | 2,758,456 | |
Chemours Co. (The), | |||||
Gtd. Notes, 144A | 4.625 | 11/15/29 | 1,300 | 1,251,711 | |
Gtd. Notes, 144A | 5.750 | 11/15/28 | 1,225 | 1,261,286 | |
Cornerstone Chemical Co., Sr. Sec’d. Notes, 144A | 6.750 | 08/15/24 | 2,255 | 2,028,392 | |
Diamond BC BV, Gtd. Notes, 144A | 4.625 | 10/01/29 | 200 | 201,556 | |
EverArc Escrow Sarl, Sr. Sec’d. Notes, 144A | 5.000 | 10/30/29 | 350 | 349,892 | |
Hexion, Inc., Gtd. Notes, 144A | 7.875 | 07/15/27 | 900 | 954,000 | |
Ingevity Corp., Gtd. Notes, 144A | 3.875 | 11/01/28 | 400 | 393,471 |
7
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
NOVA Chemicals Corp. (Canada), Sr. Unsec’d. Notes, 144A(aa) | 4.875 % | 06/01/24 | 1,100 | $1,145,389 | |
Olympus Water US Holding Corp., | |||||
Sr. Sec’d. Notes, 144A | 4.250 | 10/01/28 | 625 | 615,189 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 10/01/29 | 350 | 349,000 | |
Rain CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A | 7.250 | 04/01/25 | 1,400 | 1,429,193 | |
SCIH Salt Holdings, Inc., Sr. Unsec’d. Notes, 144A | 6.625 | 05/01/29 | 275 | 258,749 | |
SPCM SA (France), Sr. Unsec’d. Notes, 144A | 3.375 | 03/15/30 | 450 | 442,395 | |
TPC Group, Inc., | |||||
Sr. Sec’d. Notes, 144A | 10.500 | 08/01/24 | 2,050 | 1,857,492 | |
Sr. Sec’d. Notes, 144A | 10.875 | 08/01/24 | 505 | 538,976 | |
Tronox, Inc., | |||||
Gtd. Notes, 144A | 4.625 | 03/15/29 | 1,325 | 1,299,520 | |
Sr. Sec’d. Notes, 144A | 6.500 | 05/01/25 | 2,100 | 2,205,664 | |
Unifrax Escrow Issuer Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.250 | 09/30/28 | 375 | 375,170 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 09/30/29 | 225 | 223,697 | |
Valvoline, Inc., | |||||
Gtd. Notes, 144A | 4.250 | 02/15/30 | 460 | 466,903 | |
Sr. Unsec’d. Notes, 144A | 3.625 | 06/15/31 | 600 | 587,137 | |
Venator Finance Sarl/Venator Materials LLC, | |||||
Gtd. Notes, 144A | 5.750 | 07/15/25 | 2,577 | 2,408,335 | |
Sr. Sec’d. Notes, 144A | 9.500 | 07/01/25 | 1,040 | 1,141,942 | |
WR Grace Holdings LLC, | |||||
Sr. Sec’d. Notes, 144A | 4.875 | 06/15/27 | 600 | 609,467 | |
Sr. Sec’d. Notes, 144A | 5.625 | 10/01/24 | 100 | 107,290 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 08/15/29 | 650 | 655,488 | |
25,915,760 | |||||
Coal 0.1% | |||||
Coronado Finance Pty Ltd. (Australia), Sr. Sec’d. Notes, 144A | 10.750 | 05/15/26 | 500 | 544,237 | |
Commercial Services 5.4% | |||||
Adtalem Global Education, Inc., Sr. Sec’d. Notes, 144A | 5.500 | 03/01/28 | 600 | 606,875 |
8
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services (cont’d.) | |||||
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
Sr. Sec’d. Notes, 144A | 6.625 % | 07/15/26 | 430 | $452,230 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 06/01/29 | 950 | 935,631 | |
Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 07/15/27 | 2,400 | 2,590,215 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||
Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 860 | 853,409 | |
Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 1,065 | 1,055,562 | |
Alta Equipment Group, Inc., Sec’d. Notes, 144A | 5.625 | 04/15/26 | 500 | 513,002 | |
AMN Healthcare, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 04/15/29 | 775 | 789,773 | |
Gtd. Notes, 144A | 4.625 | 10/01/27 | 400 | 410,843 | |
APi Escrow Corp., Gtd. Notes, 144A | 4.750 | 10/15/29 | 400 | 408,739 | |
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., Gtd. Notes, 144A | 4.750 | 04/01/28 | 1,295 | 1,343,189 | |
Avis Budget Finance PLC, Gtd. Notes | 4.750 | 01/30/26 | EUR | 275 | 322,974 |
Brink’s Co. (The), | |||||
Gtd. Notes, 144A | 4.625 | 10/15/27 | 375 | 386,602 | |
Gtd. Notes, 144A(aa) | 5.500 | 07/15/25 | 400 | 419,673 | |
Carriage Services, Inc., Gtd. Notes, 144A | 4.250 | 05/15/29 | 325 | 325,534 | |
CoreLogic, Inc., Sr. Sec’d. Notes, 144A | 4.500 | 05/01/28 | 400 | 395,180 | |
Gartner, Inc., | |||||
Gtd. Notes, 144A | 3.625 | 06/15/29 | 425 | 427,014 | |
Gtd. Notes, 144A | 3.750 | 10/01/30 | 325 | 331,277 | |
Metis Merger Sub LLC, Sr. Unsec’d. Notes, 144A | 6.500 | 05/15/29 | 1,375 | 1,361,621 | |
MPH Acquisition Holdings LLC, Sr. Sec’d. Notes, 144A | 5.500 | 09/01/28 | 1,000 | 993,741 | |
NESCO Holdings II, Inc., Sec’d. Notes, 144A | 5.500 | 04/15/29 | 900 | 920,019 | |
Nielsen Finance LLC/Nielsen Finance Co., | |||||
Gtd. Notes, 144A | 5.625 | 10/01/28 | 610 | 634,739 | |
Gtd. Notes, 144A | 5.875 | 10/01/30 | 340 | 356,748 | |
Service Corp. International, Sr. Unsec’d. Notes | 4.000 | 05/15/31 | 1,350 | 1,380,446 |
9
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services (cont’d.) | |||||
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 % | 01/15/32 | 575 | $573,863 | |
Gtd. Notes | 4.000 | 07/15/30 | 375 | 382,720 | |
Gtd. Notes(aa) | 4.875 | 01/15/28 | 5,975 | 6,309,615 | |
Verscend Escrow Corp., Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 08/15/26 | 5,030 | 5,329,484 | |
30,810,718 | |||||
Computers 0.6% | |||||
CA Magnum Holdings (India), Sr. Sec’d. Notes, 144A | 5.375 | 10/31/26 | 225 | 231,769 | |
NCR Corp., | |||||
Gtd. Notes, 144A | 5.000 | 10/01/28 | 550 | 560,095 | |
Gtd. Notes, 144A | 5.125 | 04/15/29 | 825 | 843,889 | |
Gtd. Notes, 144A | 5.250 | 10/01/30 | 350 | 361,195 | |
Gtd. Notes, 144A(aa) | 5.750 | 09/01/27 | 1,000 | 1,050,850 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Sec’d. Notes, 144A | 5.750 | 06/01/25 | 375 | 392,581 | |
3,440,379 | |||||
Distribution/Wholesale 0.5% | |||||
Avient Corp., Sr. Unsec’d. Notes, 144A | 5.750 | 05/15/25 | 870 | 912,189 | |
H&E Equipment Services, Inc., Gtd. Notes, 144A | 3.875 | 12/15/28 | 1,800 | 1,793,244 | |
2,705,433 | |||||
Diversified Financial Services 4.1% | |||||
Alliance Data Systems Corp., Gtd. Notes, 144A | 4.750 | 12/15/24 | 1,075 | 1,100,116 | |
goeasy Ltd. (Canada), | |||||
Gtd. Notes, 144A | 4.375 | 05/01/26 | 525 | 539,906 | |
Gtd. Notes, 144A | 5.375 | 12/01/24 | 500 | 514,163 | |
Home Point Capital, Inc., Gtd. Notes, 144A | 5.000 | 02/01/26 | 700 | 629,106 | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 08/15/28 | 1,275 | 1,293,218 | |
LD Holdings Group LLC, Gtd. Notes, 144A | 6.125 | 04/01/28 | 1,100 | 1,007,982 |
10
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
LFS Topco LLC, Gtd. Notes, 144A | 5.875 % | 10/15/26 | 300 | $309,332 | |
LPL Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 03/15/29 | 1,375 | 1,406,076 | |
Gtd. Notes, 144A | 4.375 | 05/15/31 | 100 | 102,404 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.125 | 12/15/30 | 1,800 | 1,813,793 | |
Gtd. Notes, 144A(aa) | 5.500 | 08/15/28 | 2,645 | 2,709,574 | |
Gtd. Notes, 144A(aa) | 6.000 | 01/15/27 | 1,850 | 1,936,409 | |
OneMain Finance Corp., | |||||
Gtd. Notes | 3.875 | 09/15/28 | 400 | 390,268 | |
Gtd. Notes | 4.000 | 09/15/30 | 500 | 485,697 | |
Gtd. Notes | 6.625 | 01/15/28 | 500 | 564,072 | |
Gtd. Notes(aa) | 6.875 | 03/15/25 | 750 | 838,550 | |
Gtd. Notes(aa) | 7.125 | 03/15/26 | 5,498 | 6,243,975 | |
PennyMac Financial Services, Inc., | |||||
Gtd. Notes, 144A | 4.250 | 02/15/29 | 575 | 544,372 | |
Gtd. Notes, 144A | 5.375 | 10/15/25 | 800 | 825,192 | |
23,254,205 | |||||
Electric 5.0% | |||||
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 1,350 | 1,312,602 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 1,975 | 1,934,982 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 03/15/28 | 5,950 | 5,935,164 | |
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders, Sub. Notes, 144A, Cash coupon 13.000% or PIK N/A (original cost $333,181; purchased 01/17/19 - 06/04/21)(f) | 13.000 | 06/01/24 | 333 | 237,519 | |
NRG Energy, Inc., | |||||
Gtd. Notes(aa) | 5.750 | 01/15/28 | 2,975 | 3,154,946 | |
Gtd. Notes, 144A | 3.375 | 02/15/29 | 200 | 195,550 | |
Gtd. Notes, 144A | 3.625 | 02/15/31 | 600 | 584,380 | |
Gtd. Notes, 144A | 3.875 | 02/15/32 | 575 | 563,469 | |
Gtd. Notes, 144A | 5.250 | 06/15/29 | 800 | 850,841 | |
PG&E Corp., | |||||
Sr. Sec’d. Notes(aa) | 5.000 | 07/01/28 | 1,625 | 1,689,363 | |
Sr. Sec’d. Notes(aa) | 5.250 | 07/01/30 | 2,135 | 2,231,267 | |
Vistra Corp., Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 925 | 970,967 |
11
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A(aa) | 5.000 % | 07/31/27 | 1,100 | $1,126,294 | |
Gtd. Notes, 144A(aa) | 5.625 | 02/15/27 | 6,700 | 6,904,031 | |
Sr. Unsec’d. Notes, 144A | 4.375 | 05/01/29 | 500 | 493,661 | |
28,185,036 | |||||
Electrical Components & Equipment 0.4% | |||||
Energizer Holdings, Inc., Gtd. Notes, 144A | 4.375 | 03/31/29 | 200 | 191,627 | |
WESCO Distribution, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 06/15/25 | 650 | 691,503 | |
Gtd. Notes, 144A(aa) | 7.250 | 06/15/28 | 1,130 | 1,247,545 | |
2,130,675 | |||||
Electronics 0.3% | |||||
Brightstar Escrow Corp., Sr. Sec’d. Notes, 144A | 9.750 | 10/15/25 | 905 | 970,486 | |
Sensata Technologies BV, Gtd. Notes, 144A | 4.000 | 04/15/29 | 475 | 482,369 | |
Sensata Technologies, Inc., Gtd. Notes, 144A | 3.750 | 02/15/31 | 260 | 257,143 | |
1,709,998 | |||||
Engineering & Construction 0.4% | |||||
AECOM, Gtd. Notes(aa) | 5.125 | 03/15/27 | 730 | 805,371 | |
Artera Services LLC, Sr. Sec’d. Notes, 144A | 9.033 | 12/04/25 | 700 | 753,469 | |
TopBuild Corp., | |||||
Gtd. Notes, 144A | 3.625 | 03/15/29 | 500 | 502,651 | |
Gtd. Notes, 144A | 4.125 | 02/15/32 | 425 | 427,979 | |
2,489,470 | |||||
Entertainment 5.0% | |||||
AMC Entertainment Holdings, Inc., Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 12.000 | 06/15/26 | 683 | 678,800 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 1,685 | 1,773,653 |
12
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Caesars Entertainment, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 4.625 % | 10/15/29 | 650 | $653,879 | |
Caesars Resort Collection LLC/CRC Finco, Inc., Sr. Sec’d. Notes, 144A | 5.750 | 07/01/25 | 600 | 630,333 | |
CCM Merger, Inc., Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/26 | 275 | 289,498 | |
Cedar Fair LP, Gtd. Notes | 5.250 | 07/15/29 | 275 | 284,999 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC, Gtd. Notes | 6.500 | 10/01/28 | 675 | 723,468 | |
Churchill Downs, Inc., Gtd. Notes, 144A | 5.500 | 04/01/27 | 625 | 647,650 | |
Everi Holdings, Inc., Gtd. Notes, 144A | 5.000 | 07/15/29 | 100 | 102,412 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 7.625 | 04/15/26 | 2,275 | 2,389,847 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A | 5.250 | 01/15/29 | 600 | 631,416 | |
Sr. Sec’d. Notes, 144A | 6.500 | 02/15/25 | 2,110 | 2,344,838 | |
Jacobs Entertainment, Inc., Sec’d. Notes, 144A(aa) | 7.875 | 02/01/24 | 2,500 | 2,575,008 | |
Merlin Entertainments Ltd. (United Kingdom), Sec’d. Notes, 144A | 5.750 | 06/15/26 | 200 | 206,810 | |
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 4.875 | 05/01/29 | 825 | 832,515 | |
Motion Bondco DAC (United Kingdom), Gtd. Notes, 144A | 6.625 | 11/15/27 | 1,419 | 1,432,720 | |
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., Sr. Unsec’d. Notes, 144A | 8.500 | 11/15/27 | 1,325 | 1,413,904 | |
Penn National Gaming, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 325 | 318,659 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.625 | 01/15/27 | 3,030 | 3,130,769 | |
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., | |||||
Gtd. Notes, 144A | 5.625 | 09/01/29 | 650 | 662,185 | |
Gtd. Notes, 144A | 5.875 | 09/01/31 | 1,050 | 1,071,034 | |
Scientific Games International, Inc., | |||||
Gtd. Notes, 144A(aa) | 8.250 | 03/15/26 | 2,725 | 2,891,765 | |
Gtd. Notes, 144A | 8.625 | 07/01/25 | 800 | 864,714 |
13
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Scientific Games International, Inc., (cont’d.) | |||||
Sr. Sec’d. Notes, 144A | 5.000 % | 10/15/25 | 700 | $721,181 | |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., | |||||
Gtd. Notes, 144A(aa) | 5.125 | 10/01/29 | 860 | 864,729 | |
Sr. Unsec’d. Notes, 144A | 7.750 | 04/15/25 | 275 | 289,742 | |
28,426,528 | |||||
Environmental Control 0.2% | |||||
GFL Environmental, Inc. (Canada), | |||||
Gtd. Notes, 144A | 4.000 | 08/01/28 | 275 | 268,584 | |
Gtd. Notes, 144A | 4.375 | 08/15/29 | 575 | 570,318 | |
Madison IAQ LLC, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 06/30/28 | 50 | 49,711 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 06/30/29 | 500 | 496,176 | |
1,384,789 | |||||
Foods 4.4% | |||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||
Gtd. Notes, 144A(aa) | 3.500 | 03/15/29 | 1,850 | 1,823,231 | |
Gtd. Notes, 144A | 4.625 | 01/15/27 | 425 | 444,668 | |
B&G Foods, Inc., Gtd. Notes | 5.250 | 09/15/27 | 1,850 | 1,898,170 | |
C&S Group Enterprises LLC, Gtd. Notes, 144A | 5.000 | 12/15/28 | 875 | 814,219 | |
Chobani LLC/Chobani Finance Corp., Inc., | |||||
Gtd. Notes, 144A | 7.500 | 04/15/25 | 225 | 233,872 | |
Sr. Sec’d. Notes, 144A | 4.625 | 11/15/28 | 475 | 487,238 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 12/01/31 | 525 | 537,341 | |
Gtd. Notes, 144A | 6.500 | 04/15/29 | 1,025 | 1,138,156 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | 900 | 985,500 | |
Kraft Heinz Foods Co., | |||||
Gtd. Notes | 4.375 | 06/01/46 | 1,775 | 2,071,706 | |
Gtd. Notes | 4.875 | 10/01/49 | 1,075 | 1,333,467 | |
Gtd. Notes | 5.000 | 07/15/35 | 325 | 399,671 | |
Gtd. Notes | 5.000 | 06/04/42 | 450 | 559,178 | |
Gtd. Notes | 5.200 | 07/15/45 | 300 | 380,855 | |
Gtd. Notes | 5.500 | 06/01/50 | 1,450 | 1,943,627 |
14
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
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 | 725 | $725,849 | |
Gtd. Notes, 144A | 4.375 | 01/31/32 | 725 | 725,980 | |
Pilgrim’s Pride Corp., | |||||
Gtd. Notes, 144A | 3.500 | 03/01/32 | 375 | 377,485 | |
Gtd. Notes, 144A(aa) | 5.875 | 09/30/27 | 4,800 | 5,059,058 | |
Post Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.625 | 04/15/30 | 1,375 | 1,383,255 | |
Gtd. Notes, 144A | 5.625 | 01/15/28 | 111 | 115,814 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 09/15/31 | 1,375 | 1,349,564 | |
U.S. Foods, Inc., Gtd. Notes, 144A | 4.750 | 02/15/29 | 425 | 430,176 | |
25,218,080 | |||||
Forest Products & Paper 0.1% | |||||
Pearl Merger Sub, Inc., Sr. Sec’d. Notes, 144A | 6.750 | 10/01/28 | 600 | 598,397 | |
Gas 0.9% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes(aa) | 5.500 | 05/20/25 | 600 | 651,298 | |
Sr. Unsec’d. Notes | 5.625 | 05/20/24 | 200 | 216,270 | |
Sr. Unsec’d. Notes(aa) | 5.750 | 05/20/27 | 3,250 | 3,636,754 | |
Sr. Unsec’d. Notes(aa) | 5.875 | 08/20/26 | 575 | 642,120 | |
5,146,442 | |||||
Healthcare-Products 0.4% | |||||
Mozart Debt Merger Sub, Inc., | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 1,025 | 1,020,074 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 1,050 | 1,067,206 | |
2,087,280 | |||||
Healthcare-Services 5.3% | |||||
Catalent Pharma Solutions, Inc., | |||||
Gtd. Notes, 144A | 3.125 | 02/15/29 | 325 | 317,224 | |
Gtd. Notes, 144A | 3.500 | 04/01/30 | 525 | 520,995 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/31 | 1,400 | 1,327,066 | |
Gtd. Notes, 144A(aa) | 4.625 | 06/01/30 | 3,250 | 3,268,575 |
15
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
HCA, Inc., | |||||
Gtd. Notes(aa) | 5.625 % | 09/01/28 | 2,700 | $3,175,306 | |
Sr. Sec’d. Notes(aa) | 4.750 | 05/01/23 | 4,700 | 4,967,849 | |
MEDNAX, Inc., Gtd. Notes, 144A(aa) | 6.250 | 01/15/27 | 1,405 | 1,474,827 | |
Molina Healthcare, Inc., Sr. Unsec’d. Notes(aa) | 5.375 | 11/15/22 | 1,610 | 1,658,151 | |
Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A | 7.250 | 11/01/25 | 1,225 | 1,307,008 | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A(aa) | 9.750 | 12/01/26 | 3,550 | 3,745,915 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes, 144A | 6.125 | 10/01/28 | 525 | 551,357 | |
Sec’d. Notes, 144A | 6.250 | 02/01/27 | 1,300 | 1,350,188 | |
Sr. Sec’d. Notes, 144A | 4.250 | 06/01/29 | 2,000 | 2,027,245 | |
Sr. Sec’d. Notes, 144A(aa) | 4.875 | 01/01/26 | 743 | 763,985 | |
Sr. Unsec’d. Notes(aa) | 6.750 | 06/15/23 | 2,175 | 2,337,150 | |
Sr. Unsec’d. Notes | 6.875 | 11/15/31 | 1,250 | 1,440,931 | |
30,233,772 | |||||
Home Builders 5.3% | |||||
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 825 | 821,774 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 275 | 271,443 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 5.875 | 10/15/27 | 1,100 | 1,149,329 | |
Gtd. Notes(aa) | 7.250 | 10/15/29 | 2,675 | 2,922,878 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada), | |||||
Gtd. Notes, 144A | 4.875 | 02/15/30 | 1,875 | 1,880,567 | |
Gtd. Notes, 144A(aa) | 6.250 | 09/15/27 | 815 | 850,646 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 400 | 402,723 | |
Century Communities, Inc., | |||||
Gtd. Notes | 6.750 | 06/01/27 | 1,725 | 1,833,193 | |
Gtd. Notes, 144A | 3.875 | 08/15/29 | 150 | 149,740 | |
Forestar Group, Inc., | |||||
Gtd. Notes, 144A | 3.850 | 05/15/26 | 450 | 450,152 | |
Gtd. Notes, 144A(aa) | 5.000 | 03/01/28 | 650 | 672,190 | |
KB Home, | |||||
Gtd. Notes | 4.000 | 06/15/31 | 500 | 508,189 | |
Gtd. Notes | 4.800 | 11/15/29 | 575 | 620,379 |
16
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
KB Home, (cont’d.) | |||||
Gtd. Notes(aa) | 6.875 % | 06/15/27 | 1,650 | $1,947,627 | |
Lennar Corp., Gtd. Notes(aa) | 5.000 | 06/15/27 | 1,250 | 1,431,854 | |
M/I Homes, Inc., Gtd. Notes | 4.950 | 02/01/28 | 425 | 442,865 | |
Mattamy Group Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 03/01/30 | 900 | 913,467 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.250 | 12/15/27 | 1,075 | 1,120,906 | |
Meritage Homes Corp., Gtd. Notes(aa) | 5.125 | 06/06/27 | 2,523 | 2,783,918 | |
Shea Homes LP/Shea Homes Funding Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.750 | 02/15/28 | 1,293 | 1,303,281 | |
Sr. Unsec’d. Notes, 144A | 4.750 | 04/01/29 | 225 | 227,097 | |
STL Holding Co. LLC, Sr. Unsec’d. Notes, 144A | 7.500 | 02/15/26 | 575 | 605,268 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/27 | 375 | 420,931 | |
Gtd. Notes, 144A(aa) | 6.625 | 07/15/27 | 2,800 | 2,954,145 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 480 | 511,142 | |
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., Gtd. Notes, 144A(aa) | 5.625 | 03/01/24 | 1,873 | 2,003,542 | |
Tri Pointe Homes, Inc., Gtd. Notes | 5.700 | 06/15/28 | 915 | 994,903 | |
30,194,149 | |||||
Home Furnishings 0.1% | |||||
Tempur Sealy International, Inc., Gtd. Notes, 144A | 4.000 | 04/15/29 | 600 | 610,235 | |
Household Products/Wares 0.5% | |||||
ACCO Brands Corp., Gtd. Notes, 144A | 4.250 | 03/15/29 | 1,075 | 1,062,761 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 350 | 352,129 | |
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. (Canada), | |||||
Gtd. Notes, 144A | 7.000 | 12/31/27 | 800 | 769,824 | |
Sr. Sec’d. Notes, 144A | 5.000 | 12/31/26 | 175 | 173,362 |
17
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Household Products/Wares (cont’d.) | |||||
Spectrum Brands, Inc., | |||||
Gtd. Notes, 144A | 3.875 % | 03/15/31 | 200 | $196,402 | |
Gtd. Notes, 144A | 5.000 | 10/01/29 | 250 | 267,128 | |
2,821,606 | |||||
Housewares 0.6% | |||||
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes | 4.500 | 10/15/29 | 1,125 | 1,171,200 | |
Gtd. Notes, 144A | 4.000 | 04/01/31 | 750 | 743,361 | |
Gtd. Notes, 144A | 4.375 | 02/01/32 | 350 | 351,992 | |
SWF Escrow Issuer Corp., Sr. Unsec’d. Notes, 144A | 6.500 | 10/01/29 | 1,250 | 1,196,549 | |
3,463,102 | |||||
Insurance 0.4% | |||||
Acrisure LLC/Acrisure Finance, Inc., Sr. Unsec’d. Notes, 144A | 6.000 | 08/01/29 | 1,025 | 1,008,375 | |
AmWINS Group, Inc., Sr. Unsec’d. Notes, 144A | 4.875 | 06/30/29 | 400 | 398,782 | |
BroadStreet Partners, Inc., Sr. Unsec’d. Notes, 144A | 5.875 | 04/15/29 | 875 | 859,918 | |
2,267,075 | |||||
Internet 1.0% | |||||
Cablevision Lightpath LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 09/15/27 | 1,925 | 1,873,411 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 09/15/28 | 625 | 618,220 | |
Go Daddy Operating Co. LLC/GD Finance Co., Inc., | |||||
Gtd. Notes, 144A | 3.500 | 03/01/29 | 525 | 508,339 | |
Gtd. Notes, 144A | 5.250 | 12/01/27 | 1,365 | 1,417,568 | |
NortonLifeLock, Inc., Sr. Unsec’d. Notes, 144A | 5.000 | 04/15/25 | 1,000 | 1,013,266 | |
5,430,804 | |||||
Iron/Steel 0.6% | |||||
Big River Steel LLC/BRS Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 01/31/29 | 1,359 | 1,477,071 |
18
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Iron/Steel (cont’d.) | |||||
TMS International Corp., Sr. Unsec’d. Notes, 144A | 6.250 % | 04/15/29 | 325 | $335,562 | |
United States Steel Corp., Sr. Unsec’d. Notes | 6.875 | 03/01/29 | 1,410 | 1,508,790 | |
3,321,423 | |||||
Leisure Time 0.4% | |||||
NCL Corp. Ltd., | |||||
Sr. Sec’d. Notes, 144A | 10.250 | 02/01/26 | 980 | 1,125,286 | |
Sr. Sec’d. Notes, 144A | 12.250 | 05/15/24 | 135 | 159,295 | |
Viking Cruises Ltd., Gtd. Notes, 144A | 5.875 | 09/15/27 | 350 | 339,409 | |
Viking Ocean Cruises Ship VII Ltd., Sr. Sec’d. Notes, 144A | 5.625 | 02/15/29 | 200 | 199,205 | |
Vista Outdoor, Inc., Gtd. Notes, 144A | 4.500 | 03/15/29 | 675 | 675,958 | |
2,499,153 | |||||
Lodging 2.4% | |||||
Boyd Gaming Corp., | |||||
Gtd. Notes | 4.750 | 12/01/27 | 50 | 51,500 | |
Gtd. Notes, 144A | 4.750 | 06/15/31 | 525 | 540,475 | |
Gtd. Notes, 144A | 8.625 | 06/01/25 | 450 | 486,715 | |
Hilton Domestic Operating Co., Inc., | |||||
Gtd. Notes, 144A | 3.625 | 02/15/32 | 900 | 878,784 | |
Gtd. Notes, 144A | 3.750 | 05/01/29 | 300 | 301,011 | |
Gtd. Notes, 144A | 4.000 | 05/01/31 | 1,425 | 1,432,228 | |
Gtd. Notes, 144A | 5.375 | 05/01/25 | 225 | 234,773 | |
Gtd. Notes, 144A | 5.750 | 05/01/28 | 325 | 349,209 | |
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., Gtd. Notes | 4.875 | 04/01/27 | 200 | 207,046 | |
MGM Resorts International, | |||||
Gtd. Notes | 4.625 | 09/01/26 | 275 | 287,188 | |
Gtd. Notes(aa) | 4.750 | 10/15/28 | 2,025 | 2,106,248 | |
Gtd. Notes(aa) | 5.500 | 04/15/27 | 1,061 | 1,142,930 | |
Gtd. Notes(aa) | 6.750 | 05/01/25 | 2,325 | 2,452,455 | |
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 5.875 | 05/15/25 | 450 | 446,390 |
19
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Lodging (cont’d.) | |||||
Wynn Macau Ltd. (Macau), | |||||
Sr. Unsec’d. Notes, 144A | 5.125 % | 12/15/29 | 1,325 | $1,195,304 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 08/26/28 | 1,900 | 1,751,621 | |
13,863,877 | |||||
Machinery-Construction & Mining 0.1% | |||||
Terex Corp., Gtd. Notes, 144A | 5.000 | 05/15/29 | 725 | 742,961 | |
Machinery-Diversified 0.6% | |||||
GrafTech Finance, Inc., Sr. Sec’d. Notes, 144A | 4.625 | 12/15/28 | 700 | 707,000 | |
Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A(aa) | 10.125 | 08/01/24 | 1,815 | 1,865,800 | |
TK Elevator Holdco GmbH (Germany), Gtd. Notes, 144A | 7.625 | 07/15/28 | 200 | 212,064 | |
TK Elevator US Newco, Inc. (Germany), Sr. Sec’d. Notes, 144A | 5.250 | 07/15/27 | 625 | 637,046 | |
3,421,910 | |||||
Media 7.7% | |||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes | 4.500 | 05/01/32 | 1,850 | 1,865,370 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.250 | 02/01/31 | 5,600 | 5,572,564 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 700 | 698,400 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.750 | 03/01/30 | 2,900 | 2,997,525 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 1,000 | 1,039,989 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 250 | 258,184 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A | 3.375 | 02/15/31 | 1,175 | 1,069,791 | |
Gtd. Notes, 144A(aa) | 4.125 | 12/01/30 | 775 | 742,263 | |
Gtd. Notes, 144A | 5.500 | 04/15/27 | 200 | 206,510 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 12/01/30 | 4,875 | 4,467,715 | |
Sr. Unsec’d. Notes, 144A | 5.750 | 01/15/30 | 550 | 542,190 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A | 6.625 | 08/15/27 | 5,755 | 1,721,203 | |
Sr. Sec’d. Notes, 144A(aa) | 5.375 | 08/15/26 | 2,145 | 1,211,925 | |
DISH DBS Corp., | |||||
Gtd. Notes | 5.125 | 06/01/29 | 950 | 914,904 | |
Gtd. Notes | 7.375 | 07/01/28 | 365 | 384,095 |
20
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
DISH DBS Corp., (cont’d.) | |||||
Gtd. Notes(aa) | 7.750 % | 07/01/26 | 4,185 | $4,658,217 | |
Gray Television, Inc., Gtd. Notes, 144A | 7.000 | 05/15/27 | 1,625 | 1,742,656 | |
iHeartCommunications, Inc., Sr. Sec’d. Notes | 6.375 | 05/01/26 | 395 | 413,803 | |
Midcontinent Communications/Midcontinent Finance Corp., Gtd. Notes, 144A | 5.375 | 08/15/27 | 550 | 571,813 | |
News Corp., Sr. Unsec’d. Notes, 144A | 3.875 | 05/15/29 | 550 | 559,712 | |
Nexstar Media, Inc., | |||||
Gtd. Notes, 144A | 4.750 | 11/01/28 | 775 | 791,552 | |
Gtd. Notes, 144A | 5.625 | 07/15/27 | 1,500 | 1,582,058 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 09/15/26 | 610 | 619,899 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 09/15/28 | 1,000 | 1,000,688 | |
Scripps Escrow II, Inc., | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 01/15/29 | 350 | 349,731 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 01/15/31 | 275 | 269,644 | |
Scripps Escrow, Inc., Gtd. Notes, 144A(aa) | 5.875 | 07/15/27 | 1,310 | 1,337,372 | |
Sinclair Television Group, Inc., Gtd. Notes, 144A | 5.875 | 03/15/26 | 1,240 | 1,268,662 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 05/01/29 | 400 | 404,475 | |
Sr. Sec’d. Notes, 144A(aa) | 5.125 | 02/15/25 | 2,300 | 2,341,197 | |
Sr. Sec’d. Notes, 144A(aa) | 6.625 | 06/01/27 | 2,135 | 2,310,604 | |
43,914,711 | |||||
Metal Fabricate/Hardware 0.1% | |||||
Roller Bearing Co. of America, Inc., Sr. Sec’d. Notes, 144A | 4.375 | 10/15/29 | 525 | 535,325 | |
Mining 3.0% | |||||
Constellium SE, Gtd. Notes, 144A | 3.750 | 04/15/29 | 250 | 241,831 | |
Eldorado Gold Corp. (Turkey), Sr. Unsec’d. Notes, 144A | 6.250 | 09/01/29 | 1,550 | 1,573,328 | |
First Quantum Minerals Ltd. (Zambia), | |||||
Gtd. Notes, 144A | 6.500 | 03/01/24 | 500 | 507,644 |
21
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Mining (cont’d.) | |||||
First Quantum Minerals Ltd. (Zambia), (cont’d.) | |||||
Gtd. Notes, 144A | 6.875 % | 10/15/27 | 700 | $749,197 | |
Gtd. Notes, 144A | 7.250 | 04/01/23 | 2,100 | 2,136,741 | |
Gtd. Notes, 144A | 7.500 | 04/01/25 | 3,305 | 3,419,298 | |
Freeport-McMoRan, Inc., Gtd. Notes(aa) | 4.375 | 08/01/28 | 1,075 | 1,119,206 | |
Hecla Mining Co., Gtd. Notes(aa) | 7.250 | 02/15/28 | 1,075 | 1,157,054 | |
Hudbay Minerals, Inc. (Canada), | |||||
Gtd. Notes, 144A | 4.500 | 04/01/26 | 900 | 897,425 | |
Gtd. Notes, 144A | 6.125 | 04/01/29 | 1,195 | 1,258,078 | |
IAMGOLD Corp. (Burkina Faso), Gtd. Notes, 144A | 5.750 | 10/15/28 | 575 | 564,861 | |
New Gold, Inc. (Canada), | |||||
Gtd. Notes, 144A(aa) | 6.375 | 05/15/25 | 755 | 775,771 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 07/15/27 | 1,220 | 1,317,209 | |
Novelis Corp., | |||||
Gtd. Notes, 144A | 3.875 | 08/15/31 | 800 | 782,428 | |
Gtd. Notes, 144A | 4.750 | 01/30/30 | 275 | 285,777 | |
16,785,848 | |||||
Miscellaneous Manufacturing 0.3% | |||||
Amsted Industries, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.625 | 07/01/27 | 1,075 | 1,120,393 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 05/15/30 | 785 | 806,402 | |
1,926,795 | |||||
Office/Business Equipment 0.1% | |||||
CDW LLC/CDW Finance Corp., Gtd. Notes | 3.250 | 02/15/29 | 710 | 719,842 | |
Oil & Gas 8.8% | |||||
Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A | 8.250 | 02/15/26 | 975 | 1,047,030 | |
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., Sr. Unsec’d. Notes^ | 7.875 | 12/15/24(d) | 5,325 | 36,210 | |
Antero Resources Corp., | |||||
Gtd. Notes | 5.000 | 03/01/25 | 1,500 | 1,526,900 | |
Gtd. Notes, 144A | 5.375 | 03/01/30 | 825 | 873,822 |
22
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Antero Resources Corp., (cont’d.) | |||||
Gtd. Notes, 144A | 7.625 % | 02/01/29 | 1,175 | $1,301,617 | |
Gtd. Notes, 144A | 8.375 | 07/15/26 | 162 | 182,318 | |
Apache Corp., | |||||
Sr. Unsec’d. Notes | 5.100 | 09/01/40 | 1,250 | 1,400,437 | |
Sr. Unsec’d. Notes | 5.250 | 02/01/42 | 75 | 84,420 | |
Sr. Unsec’d. Notes | 5.350 | 07/01/49 | 115 | 132,111 | |
Sr. Unsec’d. Notes | 7.750 | 12/15/29 | 100 | 127,561 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 25 | 25,811 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 252 | 344,606 | |
Athabasca Oil Corp. (Canada), Sec’d. Notes, 144A | 9.750 | 11/01/26 | 2,000 | 2,012,798 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 375 | 392,485 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 400 | 425,920 | |
Citgo Holding, Inc., Sr. Sec’d. Notes, 144A | 9.250 | 08/01/24 | 1,053 | 1,075,378 | |
CITGO Petroleum Corp., Sr. Sec’d. Notes, 144A | 7.000 | 06/15/25 | 1,175 | 1,209,937 | |
CNX Resources Corp., Gtd. Notes, 144A(aa) | 7.250 | 03/14/27 | 1,550 | 1,645,913 | |
Comstock Resources, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 01/15/30 | 600 | 624,088 | |
Gtd. Notes, 144A | 6.750 | 03/01/29 | 975 | 1,047,863 | |
Continental Resources, Inc., | |||||
Gtd. Notes | 4.900 | 06/01/44 | 375 | 426,231 | |
Gtd. Notes, 144A | 5.750 | 01/15/31 | 300 | 359,381 | |
CrownRock LP/CrownRock Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 5.000 | 05/01/29 | 500 | 515,400 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 10/15/25 | 575 | 588,395 | |
Devon Energy Corp., Sr. Unsec’d. Notes, 144A | 5.250 | 10/15/27 | 500 | 530,367 | |
Endeavor Energy Resources LP/EER Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 5.750 | 01/30/28 | 975 | 1,023,378 | |
Sr. Unsec’d. Notes, 144A | 6.625 | 07/15/25 | 300 | 316,375 | |
EQT Corp., | |||||
Sr. Unsec’d. Notes(aa) | 3.900 | 10/01/27 | 1,725 | 1,838,974 | |
Sr. Unsec’d. Notes | 5.000 | 01/15/29 | 325 | 361,493 | |
Sr. Unsec’d. Notes | 7.500 | 02/01/30 | 225 | 288,124 |
23
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.750 % | 10/01/25 | 1,075 | $1,097,038 | |
Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 275 | 280,214 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 275 | 282,410 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 11/01/28 | 1,658 | 1,701,053 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A | 5.875 | 02/01/29 | 575 | 591,722 | |
Gtd. Notes, 144A | 7.125 | 02/01/27 | 1,802 | 1,893,352 | |
Nabors Industries Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/26 | 975 | 950,895 | |
Gtd. Notes, 144A | 7.500 | 01/15/28 | 1,325 | 1,269,915 | |
Nabors Industries, Inc., Gtd. Notes(aa) | 5.750 | 02/01/25 | 1,400 | 1,330,884 | |
Occidental Petroleum Corp., | |||||
Sr. Unsec’d. Notes | 3.000 | 02/15/27 | 338 | 338,004 | |
Sr. Unsec’d. Notes | 4.500 | 07/15/44 | 150 | 151,445 | |
Sr. Unsec’d. Notes | 5.500 | 12/01/25 | 50 | 54,973 | |
Sr. Unsec’d. Notes | 5.550 | 03/15/26 | 75 | 82,798 | |
Sr. Unsec’d. Notes | 6.125 | 01/01/31 | 1,120 | 1,339,892 | |
Sr. Unsec’d. Notes | 6.450 | 09/15/36 | 1,000 | 1,274,380 | |
Sr. Unsec’d. Notes | 7.150 | 05/15/28 | 900 | 1,063,080 | |
Sr. Unsec’d. Notes | 8.875 | 07/15/30 | 200 | 271,233 | |
Ovintiv, Inc., | |||||
Gtd. Notes | 6.500 | 08/15/34 | 800 | 1,074,926 | |
Gtd. Notes | 6.500 | 02/01/38 | 450 | 609,075 | |
Gtd. Notes | 6.625 | 08/15/37 | 200 | 271,519 | |
Parkland Corp. (Canada), Gtd. Notes, 144A | 4.500 | 10/01/29 | 525 | 528,420 | |
Precision Drilling Corp. (Canada), | |||||
Gtd. Notes, 144A | 6.875 | 01/15/29 | 275 | 284,889 | |
Gtd. Notes, 144A | 7.125 | 01/15/26 | 2,560 | 2,633,539 | |
Range Resources Corp., | |||||
Gtd. Notes | 4.875 | 05/15/25 | 425 | 444,167 | |
Gtd. Notes | 5.000 | 03/15/23 | 1,523 | 1,565,334 | |
Southwestern Energy Co., | |||||
Gtd. Notes | 5.375 | 03/15/30 | 1,900 | 2,004,911 | |
Gtd. Notes, 144A | 5.375 | 02/01/29 | 125 | 131,604 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes | 4.500 | 05/15/29 | 905 | 917,751 | |
Gtd. Notes | 6.000 | 04/15/27 | 775 | 811,996 | |
Gtd. Notes, 144A | 4.500 | 04/30/30 | 700 | 706,105 |
24
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Transocean, Inc., | |||||
Gtd. Notes, 144A | 7.500 % | 01/15/26 | 1,625 | $1,309,890 | |
Gtd. Notes, 144A | 8.000 | 02/01/27 | 225 | 172,030 | |
Vine Energy Holdings LLC, Gtd. Notes, 144A | 6.750 | 04/15/29 | 725 | 779,553 | |
49,984,340 | |||||
Packaging & Containers 1.5% | |||||
ARD Finance SA (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% | 6.500 | 06/30/27 | 1,500 | 1,571,081 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/26 | 475 | 484,619 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 08/15/27 | 1,075 | 1,072,453 | |
Graham Packaging Co., Inc., Gtd. Notes, 144A | 7.125 | 08/15/28 | 960 | 987,645 | |
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 | 315,808 | |
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada), Sr. Sec’d. Notes, 144A | 6.000 | 09/15/28 | 1,184 | 1,219,117 | |
LABL, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 11/01/28 | 425 | 428,418 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 11/01/29 | 425 | 417,703 | |
Owens-Brockway Glass Container, Inc., | |||||
Gtd. Notes, 144A | 6.375 | 08/15/25 | 500 | 548,797 | |
Gtd. Notes, 144A(aa) | 6.625 | 05/13/27 | 975 | 1,041,211 | |
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., Sr. Sec’d. Notes, 144A | 4.375 | 10/15/28 | 625 | 617,130 | |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Group Issuer LLC, Sr. Sec’d. Notes, 144A | 4.000 | 10/15/27 | 50 | 48,910 | |
8,752,892 | |||||
Pharmaceuticals 2.9% | |||||
180 Medical, Inc. (United Kingdom), Gtd. Notes, 144A | 3.875 | 10/15/29 | 200 | 201,253 |
25
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
AdaptHealth LLC, | |||||
Gtd. Notes, 144A | 4.625 % | 08/01/29 | 1,000 | $990,412 | |
Gtd. Notes, 144A | 5.125 | 03/01/30 | 325 | 326,839 | |
Gtd. Notes, 144A | 6.125 | 08/01/28 | 670 | 710,605 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 1,100 | 1,170,540 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 1,000 | 925,910 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 700 | 642,076 | |
Gtd. Notes, 144A(aa) | 5.250 | 01/30/30 | 1,850 | 1,671,683 | |
Gtd. Notes, 144A(aa) | 5.250 | 02/15/31 | 2,985 | 2,687,545 | |
Gtd. Notes, 144A | 6.125 | 04/15/25 | 1,178 | 1,200,657 | |
Gtd. Notes, 144A | 6.250 | 02/15/29 | 2,360 | 2,286,232 | |
Gtd. Notes, 144A(aa) | 7.000 | 01/15/28 | 725 | 734,877 | |
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc., Sr. Sec’d. Notes, 144A | 6.125 | 04/01/29 | 575 | 566,336 | |
Jazz Securities DAC, Sr. Sec’d. Notes, 144A | 4.375 | 01/15/29 | 400 | 411,482 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 600 | 618,843 | |
P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A | 7.750 | 11/15/25 | 1,025 | 1,053,028 | |
Prestige Brands, Inc., Gtd. Notes, 144A | 3.750 | 04/01/31 | 550 | 531,697 | |
16,730,015 | |||||
Pipelines 5.1% | |||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
Gtd. Notes, 144A | 5.375 | 06/15/29 | 975 | 1,019,896 | |
Gtd. Notes, 144A(aa) | 5.750 | 01/15/28 | 2,425 | 2,537,686 | |
Cheniere Energy Partners LP, Gtd. Notes, 144A | 4.000 | 03/01/31 | 1,175 | 1,222,684 | |
Cheniere Energy, Inc., Sr. Sec’d. Notes(aa) | 4.625 | 10/15/28 | 3,250 | 3,412,317 | |
CNX Midstream Partners LP, Gtd. Notes, 144A | 4.750 | 04/15/30 | 200 | 200,259 | |
DCP Midstream Operating LP, | |||||
Gtd. Notes(aa) | 5.125 | 05/15/29 | 1,375 | 1,560,252 | |
Gtd. Notes | 5.625 | 07/15/27 | 510 | 582,169 | |
26
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
Energy Transfer LP, Jr. Sub. Notes, Series G(aa) | 7.125 %(ff) | 05/15/30(oo) | 1,075 | $1,123,634 | |
EQM Midstream Partners LP, | |||||
Sr. Unsec’d. Notes | 4.750 | 07/15/23 | 85 | 89,488 | |
Sr. Unsec’d. Notes | 5.500 | 07/15/28 | 50 | 55,103 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.000 | 07/01/25 | 955 | 1,040,207 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 07/01/27 | 1,275 | 1,418,758 | |
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes | 6.875 | 01/15/29 | 375 | 388,476 | |
Gtd. Notes(aa) | 7.000 | 08/01/27 | 750 | 781,271 | |
Rockies Express Pipeline LLC, Sr. Unsec’d. Notes, 144A(aa) | 6.875 | 04/15/40 | 2,050 | 2,324,398 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A(aa) | 5.500 | 01/15/28 | 2,054 | 2,060,950 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 925 | 925,497 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 200 | 216,276 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||
Gtd. Notes | 5.000 | 01/15/28 | 200 | 210,360 | |
Gtd. Notes(aa) | 5.375 | 02/01/27 | 1,575 | 1,630,196 | |
Gtd. Notes | 5.500 | 03/01/30 | 150 | 164,929 | |
Gtd. Notes(aa) | 6.500 | 07/15/27 | 1,000 | 1,075,012 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 760 | 774,092 | |
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 310 | 321,109 | |
Western Midstream Operating LP, | |||||
Sr. Unsec’d. Notes | 3.950 | 06/01/25 | 600 | 632,194 | |
Sr. Unsec’d. Notes | 4.000 | 07/01/22 | 250 | 252,607 | |
Sr. Unsec’d. Notes | 4.350(cc) | 02/01/25 | 75 | 78,725 | |
Sr. Unsec’d. Notes(aa) | 5.300(cc) | 02/01/30 | 2,375 | 2,603,037 | |
Sr. Unsec’d. Notes | 5.450 | 04/01/44 | 50 | 58,720 | |
Sr. Unsec’d. Notes | 5.500 | 08/15/48 | 75 | 88,673 | |
28,848,975 | |||||
Real Estate 1.4% | |||||
Five Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A | 7.875 | 11/15/25 | 2,200 | 2,292,396 | |
Greystar Real Estate Partners LLC, Sr. Sec’d. Notes, 144A | 5.750 | 12/01/25 | 2,000 | 2,034,652 |
27
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate (cont’d.) | |||||
Howard Hughes Corp. (The), | |||||
Gtd. Notes, 144A | 4.125 % | 02/01/29 | 1,025 | $1,026,791 | |
Gtd. Notes, 144A | 4.375 | 02/01/31 | 675 | 674,984 | |
Gtd. Notes, 144A | 5.375 | 08/01/28 | 340 | 357,393 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 1,700 | 1,674,554 | |
8,060,770 | |||||
Real Estate Investment Trusts (REITs) 4.1% | |||||
Diversified Healthcare Trust, | |||||
Gtd. Notes | 4.375 | 03/01/31 | 611 | 593,863 | |
Gtd. Notes(aa) | 9.750 | 06/15/25 | 2,500 | 2,715,681 | |
Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 1,125 | 1,121,655 | |
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., | |||||
Gtd. Notes | 4.500 | 01/15/28 | 2,000 | 2,185,033 | |
Gtd. Notes, 144A | 4.625 | 06/15/25 | 245 | 263,708 | |
MPT Operating Partnership LP/MPT Finance Corp., | |||||
Gtd. Notes | 3.500 | 03/15/31 | 150 | 151,280 | |
Gtd. Notes(aa) | 5.000 | 10/15/27 | 2,325 | 2,446,924 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, | |||||
Sr. Sec’d. Notes, 144A(aa) | 5.875 | 10/01/28 | 900 | 944,931 | |
Sr. Sec’d. Notes, 144A(aa) | 7.500 | 06/01/25 | 1,940 | 2,060,783 | |
RHP Hotel Properties LP/RHP Finance Corp., Gtd. Notes, 144A | 4.500 | 02/15/29 | 325 | 323,061 | |
SBA Communications Corp., | |||||
Sr. Unsec’d. Notes | 3.875 | 02/15/27 | 500 | 515,416 | |
Sr. Unsec’d. Notes, 144A | 3.125 | 02/01/29 | 450 | 432,094 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, | |||||
Gtd. Notes, 144A | 7.125 | 12/15/24 | 1,695 | 1,737,965 | |
Sr. Sec’d. Notes, 144A(aa) | 7.875 | 02/15/25 | 4,610 | 4,853,275 | |
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A | 4.750 | 04/15/28 | 550 | 552,499 | |
VICI Properties LP/VICI Note Co., Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/27 | 340 | 349,395 | |
Gtd. Notes, 144A(aa) | 4.250 | 12/01/26 | 1,235 | 1,279,884 | |
Gtd. Notes, 144A(aa) | 4.625 | 12/01/29 | 1,000 | 1,067,905 | |
23,595,352 |
28
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Retail 3.6% | |||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||
Sec’d. Notes, 144A | 4.000 % | 10/15/30 | 3,250 | $3,152,816 | |
Sr. Sec’d. Notes, 144A | 3.500 | 02/15/29 | 325 | 314,931 | |
Sr. Sec’d. Notes, 144A | 3.875 | 01/15/28 | 488 | 486,806 | |
Ambience Merger Sub, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 07/15/29 | 1,050 | 1,011,701 | |
Sr. Sec’d. Notes, 144A | 4.875 | 07/15/28 | 125 | 122,682 | |
Brinker International, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.000 | 10/01/24 | 1,250 | 1,324,078 | |
Sr. Unsec’d. Notes | 3.875 | 05/15/23 | 125 | 128,546 | |
Carrols Restaurant Group, Inc., Gtd. Notes, 144A | 5.875 | 07/01/29 | 950 | 869,641 | |
eG Global Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A | 8.500 | 10/30/25 | 1,450 | 1,510,578 | |
Foundation Building Materials, Inc., Gtd. Notes, 144A | 6.000 | 03/01/29 | 800 | 774,622 | |
Gap, Inc. (The), | |||||
Gtd. Notes, 144A | 3.625 | 10/01/29 | 225 | 220,669 | |
Gtd. Notes, 144A | 3.875 | 10/01/31 | 650 | 637,694 | |
Golden Nugget, Inc., Sr. Unsec’d. Notes, 144A | 6.750 | 10/15/24 | 2,004 | 2,011,370 | |
LBM Acquisition LLC, Gtd. Notes, 144A | 6.250 | 01/15/29 | 775 | 752,261 | |
LCM Investments Holdings II LLC, Sr. Unsec’d. Notes, 144A | 4.875 | 05/01/29 | 675 | 693,041 | |
Park River Holdings, Inc., Gtd. Notes, 144A | 5.625 | 02/01/29 | 1,925 | 1,801,964 | |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes(aa) | 5.625 | 12/01/25 | 1,900 | 1,941,201 | |
Sec’d. Notes, 144A | 8.750 | 04/30/25 | 300 | 322,140 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 675 | 701,720 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/01/31 | 575 | 589,375 | |
Superior Plus LP/Superior General Partner, Inc. (Canada), Gtd. Notes, 144A | 4.500 | 03/15/29 | 600 | 613,206 | |
White Cap Buyer LLC, Sr. Unsec’d. Notes, 144A | 6.875 | 10/15/28 | 450 | 465,236 | |
20,446,278 |
29
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Semiconductors 0.3% | |||||
Microchip Technology, Inc., Gtd. Notes | 4.250 % | 09/01/25 | 430 | $447,104 | |
NXP BV/NXP Funding LLC (China), Gtd. Notes, 144A(aa) | 3.875 | 09/01/22 | 1,090 | 1,118,207 | |
1,565,311 | |||||
Software 1.5% | |||||
Black Knight InfoServ LLC, Gtd. Notes, 144A | 3.625 | 09/01/28 | 1,643 | 1,636,735 | |
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., Gtd. Notes, 144A | 5.750 | 03/01/25 | 2,000 | 2,017,298 | |
Clarivate Science Holdings Corp., | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 07/01/28 | 895 | 884,837 | |
Sr. Unsec’d. Notes, 144A | 4.875 | 07/01/29 | 320 | 318,558 | |
Dun & Bradstreet Corp. (The), Gtd. Notes, 144A(aa) | 10.250 | 02/15/27 | 2,375 | 2,548,001 | |
Rackspace Technology Global, Inc., Sr. Sec’d. Notes, 144A | 3.500 | 02/15/28 | 625 | 595,556 | |
ROBLOX Corp., Sr. Unsec’d. Notes, 144A | 3.875 | 05/01/30 | 350 | 348,734 | |
8,349,719 | |||||
Telecommunications 6.6% | |||||
Altice France SA (France), Sr. Sec’d. Notes, 144A | 5.125 | 07/15/29 | 550 | 535,582 | |
CommScope Technologies LLC, Gtd. Notes, 144A | 6.000 | 06/15/25 | 2,000 | 1,978,744 | |
CommScope, Inc., Sr. Sec’d. Notes, 144A | 6.000 | 03/01/26 | 960 | 994,351 | |
Digicel International Finance Ltd./Digicel International Holdings Ltd. (Jamaica), | |||||
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 1,050 | 1,092,001 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 525 | 545,063 | |
Digicel Ltd. (Jamaica), Gtd. Notes, 144A | 6.750 | 03/01/23 | 7,168 | 6,932,139 | |
Iliad Holding SAS (France), | |||||
Sr. Sec’d. Notes, 144A | 6.500 | 10/15/26 | 1,525 | 1,571,315 | |
Sr. Sec’d. Notes, 144A | 7.000 | 10/15/28 | 875 | 901,330 | |
Intelsat Jackson Holdings SA (Luxembourg), | |||||
Gtd. Notes | 5.500 | 08/01/23(d) | 2,160 | 1,090,357 |
30
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Intelsat Jackson Holdings SA (Luxembourg), (cont’d.) | |||||
Gtd. Notes, 144A | 9.750 % | 07/15/25(d) | 4,135 | $2,132,274 | |
Intrado Corp., Gtd. Notes, 144A(aa) | 8.500 | 10/15/25 | 1,209 | 1,192,730 | |
Level 3 Financing, Inc., Gtd. Notes, 144A | 3.750 | 07/15/29 | 400 | 378,139 | |
Lumen Technologies, Inc., | |||||
Sr. Unsec’d. Notes(aa) | 5.625 | 04/01/25 | 1,830 | 1,968,047 | |
Sr. Unsec’d. Notes, Series T(aa) | 5.800 | 03/15/22 | 1,150 | 1,165,587 | |
Sr. Unsec’d. Notes, Series U | 7.650 | 03/15/42 | 1,930 | 2,131,483 | |
Sprint Capital Corp., | |||||
Gtd. Notes(aa) | 6.875 | 11/15/28 | 700 | 884,979 | |
Gtd. Notes | 8.750 | 03/15/32 | 706 | 1,053,822 | |
Sprint Corp., | |||||
Gtd. Notes | 7.125 | 06/15/24 | 250 | 282,449 | |
Gtd. Notes(aa) | 7.625 | 02/15/25 | 2,725 | 3,169,968 | |
Gtd. Notes(aa) | 7.875 | 09/15/23 | 1,794 | 1,991,555 | |
Switch Ltd., Gtd. Notes, 144A | 4.125 | 06/15/29 | 375 | 377,678 | |
Viasat, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.625 | 04/15/27 | 325 | 338,013 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.625 | 09/15/25 | 2,400 | 2,432,226 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 07/15/28 | 420 | 441,398 | |
Viavi Solutions, Inc., Gtd. Notes, 144A | 3.750 | 10/01/29 | 200 | 198,566 | |
Zayo Group Holdings, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.000 | 03/01/27 | 120 | 116,523 | |
Sr. Unsec’d. Notes, 144A | 6.125 | 03/01/28 | 1,475 | 1,441,189 | |
37,337,508 | |||||
Toys/Games/Hobbies 0.1% | |||||
Mattel, Inc., | |||||
Gtd. Notes, 144A | 3.375 | 04/01/26 | 275 | 283,507 | |
Gtd. Notes, 144A | 3.750 | 04/01/29 | 275 | 285,742 | |
569,249 | |||||
Transportation 0.2% | |||||
XPO Logistics, Inc., Gtd. Notes, 144A | 6.250 | 05/01/25 | 1,330 | 1,401,212 |
31
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Trucking & Leasing 0.2% | |||||
Fortress Transportation & Infrastructure Investors LLC, Sr. Unsec’d. Notes, 144A | 5.500 % | 05/01/28 | 875 | $877,514 | |
Total Corporate Bonds (cost $622,643,475) | 634,370,527 |
Shares | |||||
Common Stocks 3.9% | |||||
Electric Utilities 0.3% | |||||
GenOn Energy Holdings, Inc. (Class A Stock) (original cost $984,219; purchased 02/28/19)*^(f) | 9,187 | 1,286,180 | |||
Keycon Power Holdings LLC^ | 2,600 | 366,600 | |||
1,652,780 | |||||
Gas Utilities 0.7% | |||||
Ferrellgas Partners LP (Class B Stock) | 15,475 | 3,984,812 | |||
Hotels, Restaurants & Leisure 0.1% | |||||
CEC Entertainment, Inc.* | 22,321 | 398,062 | |||
Oil, Gas & Consumable Fuels 2.8% | |||||
Chesapeake Energy Corp. | 168,307 | 10,727,888 | |||
Chesapeake Energy Corp. Backstop Commitment | 1,644 | 104,789 | |||
Extraction Oil & Gas, Inc.* | 80,502 | 5,363,848 | |||
16,196,525 | |||||
Total Common Stocks (cost $7,571,428) | 22,232,179 | ||||
Preferred Stock 0.8% | |||||
Gas Utilities | |||||
Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^ (cost $4,001,250) | 4,125 | 4,125,000 |
32
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Description | Units | Value | |||
Warrants* 0.0% | |||||
Chemicals 0.0% | |||||
TPC Group, Inc., expiring 08/01/24^ | 1,436,166 | $6,750 | |||
Oil, Gas & Consumable Fuels 0.0% | |||||
Athabasca Oil Corp. (Canada), expiring 11/01/26 | 2,000 | 123 | |||
Total Warrants (cost $0) | 6,873 | ||||
Total Long-Term Investments (cost $691,138,714) | 718,112,332 |
Shares | |||||
Short-Term Investment 3.0% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Ultra Short Bond Fund (cost $17,169,249)(wb) | 17,169,249 | 17,169,249 | |||
TOTAL INVESTMENTS 129.3% (cost $708,307,963) | 735,281,581 | ||||
Liabilities in excess of other assets(z) (29.3)% | (166,400,310) | ||||
Net Assets 100.0% | $568,881,271 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
EUR—Euro | |
USD—US Dollar |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
DIP—Debtor-In-Possession | |
iBoxx—Bond Market Indices | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
Q—Quarterly payment frequency for swaps | |
REITs—Real Estate Investment Trust | |
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 $6,089,390 and 1.1% of net assets. |
(aa) | Represents security, or a portion thereof, with aggregate value of $222,228,315 segregated as collateral for amount of $181,000,000 borrowed and outstanding as of October 31, 2021. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2021. |
33
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of October 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $1,317,400. The aggregate value of $1,523,699 is 0.3% 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. |
(p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
(wb) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Unfunded loan commitment outstanding at October 31, 2021:
Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
Intelsat Jackson Holdings SA, DIP Term Loan, 3 Month LIBOR + 3.600%, 3.600%(c), Maturity Date 07/13/22 (cost $107,997) | 109 | $109,931 | $1,934 | $— |
Forward foreign currency exchange contracts outstanding at October 31, 2021:
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 11/02/21 | Barclays Bank PLC | EUR | 285 | $330,662 | $329,405 | $— | $(1,257) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 11/02/21 | HSBC Bank PLC | EUR | 285 | $334,009 | $329,405 | $4,604 | $— | ||||||
Expiring 12/02/21 | Barclays Bank PLC | EUR | 285 | 330,850 | 329,608 | 1,242 | — | ||||||
$664,859 | $659,013 | 5,846 | — | ||||||||||
$5,846 | $(1,257) |
34
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Credit default swap agreement outstanding at October 31, 2021:
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at October 31, 2021(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
EQT Corp. | 06/20/22 | 5.000%(Q) | 450 | 1.068% | $14,059 | $10,340 | $3,719 | Credit Suisse International |
The Fund entered into credit default swaps (“CDS”) to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer’s default or the reference entity’s credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
35
PGIM High Yield Bond Fund, Inc.
Schedule of Investments as of October 31, 2021 (unaudited) (continued)
Total return swap agreements outstanding at October 31, 2021: | ||||||||||||||
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 Agreement: | ||||||||||||||
iBoxx USD Liquid High Yield Index(T) | 3 Month LIBOR(Q) | Goldman Sachs International | 12/20/21 | 23,000 | $117,845 | $— | $117,845 |
(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).
36