# EDGAR Filing Document

**Accession Number:** 0000278187
**File Stem:** 0001683863-23-002232
**Filing Date:** 2023-3
**Character Count:** 4841
**Document Hash:** 7647b7c3e6e18075138af77506c924d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-002232.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001683863-23-002232

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**EFFECTIVENESS DATE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 15
- **CENTRAL INDEX KEY:** 0000278187
- **IRS NUMBER:** 132974999
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-63394
- **FILM NUMBER:** 23737980

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL HIGH YIELD FUND, INC.
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN HIGH YIELD FUND INC
- **DATE OF NAME CHANGE:** 20041213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL HIGH YIELD FUND INC
- **DATE OF NAME CHANGE:** 19950523

## Series and Classes Contracts Data

### PGIM HIGH YIELD FUND (Series ID: S000004516)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012404 | Class R      | JDYRX           |
| C000012405 | Class A      | PBHAX           |
| C000012407 | Class C      | PRHCX           |
| C000012408 | Class Z      | PHYZX           |
| C000109372 | Class R6     | PHYQX           |
| C000196888 | Class R2     | PHYEX           |
| C000196889 | Class R4     | PHYGX           |

![](ghmqu7o541y4dsxj9onxn.jpg)

**Prudential Investment Portfolios, Inc. 15**

PGIM Short Duration High Yield Income Fund

PGIM High Yield Fund

PGIM ESG High Yield Fund

**(each a "Fund" and collectively the "Funds")**

**Supplement dated March 16, 2023**

**to each Fund's Currently Effective Summary Prospectus and Prospectus**

You should read this Supplement in conjunction with each Fund's Summary Prospectus and Prospectus and retain it for

future reference.

Effective immediately, Mr. Brian Lalli is added to each Fund's portfolio management team.

To reflect this change, each Fund's Summary Prospectus and Prospectus are hereby revised as follows effective immediately:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The tables in the section of Summary Prospectus and Prospectus for PGIM High Yield Fund and PGIM ESG High Yield Fund entitled "Management of the Fund" are hereby revised by adding the information set forth below with respect to Mr. Lalli:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment** | &nbsp;&nbsp;**Subadvisers** | &nbsp;&nbsp;**Portfolio** | **Title** | **Service Date** |
| &nbsp;&nbsp;**Managers** |  | &nbsp;&nbsp;**Managers** |  |  |
| &nbsp;&nbsp;PGIM Investments | &nbsp;&nbsp;PGIM Fixed | &nbsp;&nbsp;Brian Lalli | Principal and Portfolio | March 2023 |
| &nbsp;&nbsp;LLC | &nbsp;&nbsp;Income |  | Manager |  |
|  | &nbsp;&nbsp;PGIM Limited |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The table in the section of the Summary Prospectus and Prospectus for PGIM Short Duration High Yield Income Fund entitled "Management of the Fund" is hereby revised by adding the information set forth below with respect to Mr. Lalli:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Investment** | &nbsp;&nbsp;**Subadviser** | &nbsp;&nbsp;**Portfolio** | **Title** | **Service Date** |
| &nbsp;&nbsp;**Managers** |  | &nbsp;&nbsp;**Managers** |  |  |
| &nbsp;&nbsp;PGIM Investments | &nbsp;&nbsp;PGIM Fixed | &nbsp;&nbsp;Brian Lalli | Principal and Portfolio | March 2023 |
| &nbsp;&nbsp;LLC | &nbsp;&nbsp;Income\* |  | Manager |  |

---

\* PGIM Limited serves as a sub-subadviser to the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The section of each Fund's Prospectus entitled "How the Fund is Managed – Portfolio Managers", is hereby revised by adding the following professional biography for Mr. Lalli:

Brian Lalli is a Principal and portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team. Previously, Mr. Lalli was a credit analyst for PGIM Fixed Income's U.S. Leveraged Finance Credit Research team. Prior to joining the Firm in 2020, Mr. Lalli was a Director at Barclays, covering several high yield and investment grades sectors as a senior credit analyst since 2010. Mr. Lalli received a BS in Business and Technology and a minor in Economics from Stevens Institute of Technology.

LR1426