# EDGAR Filing Document

**Accession Number:** 0000278187
**File Stem:** 0001683863-23-002402
**Filing Date:** 2023-3
**Character Count:** 13177
**Document Hash:** 29b05caade4f68a90144e5fafa5c02f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-002402.hdr.sgml**: 20230320

**ACCESSION NUMBER**: 0001683863-23-002402

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230320

**DATE AS OF CHANGE**: 20230320

**EFFECTIVENESS DATE**: 20230320

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-63394
- **FILM NUMBER:** 23747094

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

---

### PGIM Short Duration High Yield Income Fund (Series ID: S000038590)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | HYSAX         | C000119073 |
| Class C    | HYSCX         | C000119074 |
| Class Z    | HYSZX         | C000119075 |
| Class R6   | HYSQX         | C000147930 |

---

### PGIM ESG High Yield Fund (Series ID: S000074587)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class R6   | PGAQX         | C000232603 |
| Class A    | PGANX         | C000232604 |
| Class C    | PGAUX         | C000232605 |
| Class Z    | PGAVX         | C000232606 |

---

## 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           |

### PGIM Short Duration High Yield Income Fund (Series ID: S000038590)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000119073 | Class A      | HYSAX           |
| C000119074 | Class C      | HYSCX           |
| C000119075 | Class Z      | HYSZX           |
| C000147930 | Class R6     | HYSQX           |

### PGIM ESG High Yield Fund (Series ID: S000074587)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000232603 | Class R6     | PGAQX           |
| C000232604 | Class A      | PGANX           |
| C000232605 | Class C      | PGAUX           |
| C000232606 | Class Z      | PGAVX           |

![](ghvlmwa1bzcz1pppdprhv.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 20, 2023**

**to each Fund's Currently Effective Statement of Additional Information**

You should read this Supplement in conjunction with each Fund's Statement of Additional Information 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 Statement of Additional Information (SAI) is hereby revised as follows effective immediately:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The table in the section of the PGIM Short Duration High Yield Income Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Information About Other Accounts Managed" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM Short Duration High Yield Income Fund

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Subadviser**<br>| &nbsp;&nbsp;**Portfolio**<br>&nbsp;&nbsp;**Managers**<br>| &nbsp;&nbsp;**Registered Investment**<br>&nbsp;&nbsp;**Companies/Total**<br>&nbsp;&nbsp;**Assets** | &nbsp;&nbsp;**Other Pooled**<br>&nbsp;&nbsp;**Investment Vehicles/**<br>&nbsp;&nbsp;**Total Assets** | &nbsp;&nbsp;**Other Accounts/**<br>&nbsp;&nbsp;**Total Assets**<br>|
|  |  | &nbsp;&nbsp;11/$21,266,782,143 | &nbsp;&nbsp;8/$6,627,515,757 | &nbsp;&nbsp;39/$13,570,884,319 |
| &nbsp;&nbsp;PGIM Fixed |  |  | 5/$1,393,102,120 | 4/$976,208,238 |
| &nbsp;&nbsp;PGIM Fixed |  |  |  |  |
| &nbsp;&nbsp;Income | &nbsp;&nbsp;Brian Lalli\* |  |  |  |

---

\*Information is as of February 28, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The table in the section of the PGIM Short Duration High Yield Income Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Personal Investments and Financial Interests" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM Short Duration High Yield Income Fund

**Personal Investments and Financial Interests of the Portfolio Managers**

---

| | | |
|:---|:---|:---|
| **Subadviser**<br>| **Portfolio Managers**<br>| **Investments and Other Financial**<br>**Interests**<br>**in the Fund and Similar**<br>**Strategies\*** |
| PGIM Fixed Income | Brian Lalli\*\* | None |

---

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

The dollar range for Brian Lalli's investment in the Fund as of February 28, 2023 is as follows: None. \*\*Information is as of February 28, 2023.

LR1428

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

![](gyvg0dnj5cgm6awoe70f9.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;3.The table in the section of the PGIM High Yield Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Information About Other Accounts Managed" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM High Yield Fund

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Subadvisers**<br>| &nbsp;&nbsp;**Portfolio**<br>&nbsp;&nbsp;**Managers**<br>| &nbsp;&nbsp;**Registered Investment**<br>&nbsp;&nbsp;**Companies/Total**<br>&nbsp;&nbsp;**Assets** | &nbsp;&nbsp;**Other Pooled**<br>&nbsp;&nbsp;**Investment Vehicles/**<br>&nbsp;&nbsp;**Total Assets** | &nbsp;&nbsp;**Other Accounts/**<br>&nbsp;&nbsp;**Total Assets**<br>|
| &nbsp;&nbsp;PGIM Fixed |  | &nbsp;&nbsp;11/$8,258,396,883 | &nbsp;&nbsp;8/$6,627,515,757 | &nbsp;&nbsp;39/ $13,570,884,319 |
| &nbsp;&nbsp;PGIM Fixed |  |  | 5/$1,393,102,120 | 4/$976,208,238 |
| &nbsp;&nbsp;Income/PGIM |  |  | 5/$1,393,102,120 | 4/$976,208,238 |
| &nbsp;&nbsp;Limited\* | &nbsp;&nbsp;Brian Lalli\*\* |  |  |  |

---

\*Accounts are managed on a team basis. If a portfolio manager is a member of a team, any account managed by that team is included in the number of accounts and total assets for such portfolio manager (even if such portfolio manager is not primarily involved in the day-to-day management of the account). \*\*Information is as of February 28, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;4.The table in the section of the PGIM High Yield Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Personal Investments and Financial Interests" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM High Yield Fund

**Personal Investments and Financial Interests of the Portfolio Managers**

---

| | | |
|:---|:---|:---|
| **Subadviser**<br>| **Portfolio Managers**<br>| **Investments and Other Financial**<br>**Interests**<br>**in the Fund and Similar**<br>**Strategies\*** |
| PGIM Fixed Income/PGIM Limited | Brian Lalli\*\* | None |

---

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

The dollar range for Brian Lalli's investment in the Fund as of February 28, 2023 is as follows: None. \*\*Information is as of February 28, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;5.The table in the section of the PGIM ESG High Yield Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Information About Other Accounts Managed" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM ESG High Yield Fund

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Subadvisers**<br>| &nbsp;&nbsp;**Portfolio**<br>&nbsp;&nbsp;**Managers**<br>| &nbsp;&nbsp;**Registered Investment**<br>&nbsp;&nbsp;**Companies/Total**<br>&nbsp;&nbsp;**Assets** | &nbsp;&nbsp;**Other Pooled**<br>&nbsp;&nbsp;**Investment Vehicles/**<br>&nbsp;&nbsp;**Total Assets** | &nbsp;&nbsp;**Other Accounts/**<br>&nbsp;&nbsp;**Total Assets**<br>|
| &nbsp;&nbsp;PGIM Fixed |  | &nbsp;&nbsp;11/$26,016,327,271 | &nbsp;&nbsp;8/$6,627,515,757 | &nbsp;&nbsp;39/$13,570,884,319 |
| &nbsp;&nbsp;PGIM Fixed |  |  | 5/$1,393,102,120 | 4/$976,208,238 |
| &nbsp;&nbsp;Income/PGIM |  |  | 5/$1,393,102,120 | 4/$976,208,238 |
| &nbsp;&nbsp;Income/PGIM |  |  |  |  |
| &nbsp;&nbsp;Limited\* | &nbsp;&nbsp;Brian Lalli\*\* |  |  |  |

---

\*Accounts are managed on a team basis. If a portfolio manager is a member of a team, any account managed by that team is included in the number of accounts and total assets for such portfolio manager (even if such portfolio manager is not primarily involved in the day-to-day management of the account). \*\*Information is as of February 28, 2023.

LR1428

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

![](gmlbmdk069rz7162lfk99.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.The table in the section of the PGIM High Yield Fund's SAI entitled "Management & Advisory Arrangements - The Fund's Portfolio Managers: Personal Investments and Financial Interests" is hereby revised by adding the following information pertaining to Mr. Lalli:

PGIM ESG High Yield Fund

**Personal Investments and Financial Interests of the Portfolio Managers**

---

| | | |
|:---|:---|:---|
| **Subadviser**<br>| **Portfolio Managers**<br>| **Investments and Other Financial**<br>**Interests**<br>**in the Fund and Similar**<br>**Strategies\*** |
| PGIM Fixed Income/PGIM Limited | Brian Lalli\*\* | None |

---

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

The dollar range for Brian Lalli's investment in the Fund as of February 28, 2023 is as follows: None. \*\*Information is as of February 28, 2023.

LR1428