# EDGAR Filing Document

**Accession Number:** 0001554697
**File Stem:** 0001193125-26-128821
**Filing Date:** 2026-3
**Character Count:** 739462
**Document Hash:** 1e9fc128b62350636e76f32ef381cf0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-128821.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001193125-26-128821

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 9

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**EFFECTIVENESS DATE**: 20260327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM Global High Yield Fund, Inc.
- **CENTRAL INDEX KEY:** 0001554697

**ORGANIZATION NAME:**
- **EIN:** 223468527
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22724
- **FILM NUMBER:** 26806786

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 973-802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PGIM Global Short Duration High Yield Fund, Inc.
- **DATE OF NAME CHANGE:** 20180626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Prudential Global Short Duration High Yield Fund, Inc.
- **DATE OF NAME CHANGE:** 20120720

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM N-CSR** 

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES** 

---

| | |
|:---|:---|
| Investment Company Act file number: | 811-22724 |
| Exact name of registrant as specified in charter: | PGIM Global High Yield Fund, Inc. |
| Address of principal executive offices: | 655 Broad Street, 6<sup>th</sup> Floor |
|  | Newark, New Jersey 07102 |
| Name and address of agent for service: | Andrew R. French |
|  | 655 Broad Street, 6<sup>th</sup> Floor |
|  | Newark, New Jersey 07102 |
| Registrant's telephone number, including area code: | 800-225-1852 |
| Date of fiscal year end: | 7/31/2026 |
| Date of reporting period: | 1/31/2026 |

---

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Item 1 – Reports to Stockholders

(a) Report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1).

------

![LOGO](g101378snap2.jpg)

## PGIM FIXED INCOME CLOSED-END FUNDS
PGIM GLOBAL HIGH YIELD FUND, INC. (GHY)

PGIM HIGH YIELD BOND FUND, INC. (ISD)

PGIM SHORT DURATION HIGH YIELD OPPORTUNITIES FUND (SDHY)

  
**SEMIANNUAL REPORT** 

**JANUARY 31, 2026**![LOGO](g101378image1.jpg)

**To enroll in e-delivery, go to pgim.com/us/en/intermediary/resources/featured/e-delivery** 

------

**Table of Contents** 

---

| | |
|:---|:---|
|  [Letter from the President](#edgar101378_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
|  [PGIM Global High Yield Fund, Inc.](#edgar101378_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
|  [Strategy and Performance Overview](#edgar101378_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
|  [PGIM High Yield Bond Fund, Inc.](#edgar101378_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
|  [Strategy and Performance Overview](#edgar101378_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
|  [PGIM Short Duration High Yield Opportunities Fund](#edgar101378_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 |
|  [Strategy and Performance Overview](#edgar101378_7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 |
|  [Holdings and Financial Statements](#edgar101378_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 |

---

The views expressed in this report and information about the Fund's portfolio holdings are for the period covered by this report and are subject to change thereafter.

The accompanying financial statements as of January 31, 2026 were not audited and, accordingly, no auditor's opinion is expressed on them.

PGIM Fixed Income is a unit of PGIM, Inc. (PGIM), a registered investment adviser. PGIM is a Prudential Financial Company. <sup>©</sup> 2026 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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**Letter from the President** 

---

| | |
|:---|:---|
| ![LOGO](g101378sp003.jpg) | <br> Dear Shareholder:<br>We hope you find the semiannual report for the PGIM Fixed Income Closed-End Funds informative and useful. The report covers performance for the six-month period ended January 31, 2026.<br>Regarding your investments with PGIM, we believe it is important to maintain a diversified portfolio of funds consistent with your tolerance for risk, time horizon, and financial goals. |

---

Your financial advisor can help you create a diversified investment plan that may include funds covering all the basic asset classes and that reflects your personal investor profile and risk tolerance. However, diversification and asset allocation strategies do not assure a profit or protect against loss in declining markets.

At PGIM Investments, we provide access to active investment strategies across the global markets in the pursuit of consistent outperformance for investors. PGIM is the world's 16th-largest investment manager with more than $1.5 trillion in assets under management. Our scale and investment expertise allow us to deliver a diversified suite of actively managed solutions across a broad spectrum of asset classes and investment styles.

Thank you for choosing our family of funds.

Sincerely,

![LOGO](g101378sp003a.jpg)

**Stuart S. Parker, President and Principal Executive Officer** 

PGIM Fixed Income Closed-End Funds

March 13, 2026

PGIM Fixed Income Closed-End Funds 3

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**PGIM Global High Yield Fund, Inc.** 

**Your Fund's Performance** 

**Performance data quoted represent past performance and assume the reinvestment of all dividends. Past performance does not guarantee future results. An investor may obtain performance data as of the most recent month-end by visiting our website at pgim.com/closed-end-fund-documents.** 

**Investment Objective** 

The Fund seeks to provide a high level of current income.

---

| |
|:---|
| **Price Per Share as of 1/31/2026** |
| &nbsp;&nbsp; $13.27 Net Asset Value (NAV) |
| &nbsp;&nbsp; $12.86 Market Price |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** |
| | **Six Months\* (%)** | **One Year (%)** | **Five Years (%)** | **Ten Years (%)** |
| &nbsp;&nbsp; Net Asset Value (NAV) | 5.60 | 10.01 | 5.09 | 6.67 |
| &nbsp;&nbsp; Market Price | 3.08 | 9.33 | 7.94 | 8.63 |
| &nbsp;&nbsp; Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index | &nbsp;&nbsp; Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index | &nbsp;&nbsp; Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index |  |  |
|  | 4.96 | 9.36 | 4.93 | 6.54 |

---

\*Not annualized

*Total returns are based on changes in net asset value (NAV) or market price, respectively. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund's Dividend Reinvestment Plan.* 

---

| | | | |
|:---|:---|:---|:---|
| **Key Fund Statistics as of 1/31/2026** | **Key Fund Statistics as of 1/31/2026** | **Key Fund Statistics as of 1/31/2026** | **Key Fund Statistics as of 1/31/2026** |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duration  | 6.2 years | Average Maturity | 4.7 years |

---

*Duration shown includes the impact of leverage. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Average Maturity is the average number of years to maturity of the bonds in the Fund's portfolio.* 

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

---

| | |
|:---|:---|
| **Credit Quality expressed as a percentage of total investments as of 1/31/26 (%)** | |
| &nbsp;&nbsp;&nbsp; AA | 6.9 |
| &nbsp;&nbsp;&nbsp; A | 0.4 |
| &nbsp;&nbsp;&nbsp; BBB | 2.5 |
| &nbsp;&nbsp;&nbsp; BB | 40.6 |
| &nbsp;&nbsp;&nbsp; B | 36.8 |
| &nbsp;&nbsp;&nbsp; CCC | 10.7 |
| &nbsp;&nbsp;&nbsp; CC | 0.2 |
| &nbsp;&nbsp;&nbsp; D | 0.1 |
| &nbsp;&nbsp;&nbsp; Not Rated | 0.1 |
| &nbsp;&nbsp;&nbsp; Cash/Cash Equivalents | 1.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0 |

---

*Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change. Values may not sum to 100.0% due to rounding.* 

---

| | | |
|:---|:---|:---|
| **Distribution Rate and Dividends as of 1/31/2026** | **Distribution Rate and Dividends as of 1/31/2026** |  |
| **Total Monthly Dividends**<br> **Paid per Share for Period** | **Current Monthly Dividend**<br> **Paid per Share** | **Distribution Rate at Market<br>Price**<br> **as of 1/31/2026** |
| $0.63 | $0.105 | 9.80% |

---

*Distribution Rate at Market Price is the annualized rate determined by dividing the current monthly dividend paid per share by the market price per share as of January 31, 2026.* 

PGIM Fixed Income Closed-End Funds 5

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**Strategy and Performance Overview\***

PGIM Global High Yield Fund, Inc.

**How did the Fund perform?** 

The **PGIM Global High Yield Fund, Inc.**'s shares returned 3.08% based on market price and 5.60% based on net asset value (NAV) in the six-month reporting period that ended January 31, 2026. For the same period, the Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index (the "Index") returned 4.96%, including reinvestment of dividends.

**What were market conditions?** 

• Global high yield spreads tightened during the reporting period as risk assets benefited from a backdrop of taming
inflation, steady growth, and a resilient technical environment. Meanwhile, the technical backdrop remained supportive due to a variety of factors, including lower new issuance, sizeable rising stars, and a growing share of below-investment-grade
companies opting to issue in the private markets instead.

• In the U.S., spreads on the Bloomberg US Corporate High Yield 1% Issuer Capped Index tightened by 23 basis points (bps) to
end the period at 266 bps. (One basis point equals 0.01%.) This Index posted total returns and excess returns of 3.92% and 0.44%, respectively, over the period. By quality, all ratings categories exhibited positive total returns, with lower-quality (CCC-rated) bonds outperforming. High yield capital market activity over the period totaled approximately $217 billion ($68 billion ex-refinancing). The par-weighted U.S. high yield default rate, including distressed exchanges, ended the period at 1.97%, up from 1.43% at the beginning of the period, according to J.P. Morgan.

• In Europe, spreads on the Bloomberg Pan-European High Yield Index tightened by 28
bps to end the period at 273 bps, amid improved risk sentiment and limited net new issuance. By quality, all credit tiers posted positive returns, with CCC-rated bonds outperforming as risk sentiment improved
markedly over the period.

• In the emerging markets debt sector, fundamentals remained resilient, with high yield sovereigns and corporates posting
positive total returns, helping to drive spread compression to historically tight levels amid negative net supply. Emerging markets hard currency spreads, as measured by the J.P. Morgan EMBI Global Diversified Index, tightened during the period,
with the high yield portion of the Index tightening 70 bps to end the period at 245 bps.

**What worked?** 

• Having more market risk in the Fund, on average, than the Index was a strong contributor to relative returns over the
reporting period. Overall industry allocation contributed to performance.

• Among industry positions, overweights to foreign non-corporate and paper &
packaging, and an underweight to technology contributed the most to performance.

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

• Within security selection, selection in telecom, foreign non-corporate, and
cable & satellite contributed the most to performance.

• Within sector allocation, an overweight to the emerging markets high yield corporate sector was the largest contributor to
performance.

• Overweights to **Digicel Investments, Ltd**. (telecom), **Republic of Argentina** (foreign non-corporate), and **Republic of Lebanon** (foreign non-corporate) were among the largest single-name contributors to performance.

**What didn't work?** 

• Within security selection, selection in chemicals, paper & packaging, and media & entertainment detracted
the most from performance.

• Within sector allocation, overweights to the U.S. bank loan, U.S. high yield corporate, and European high yield corporate
sectors detracted the most from performance.

• Among industry positions, overweights to the chemicals, automotive, and telecom sectors detracted the most from performance.

• Overweights to **Platinum Equity Capital Partners IV LP** (Paper & Packaging), **Herens Topco Sarl** (Chemicals), and **Kieppe Patrimonial SA** (Chemicals) were among the largest single-name detractors from performance.

**How did the Fund's borrowing (leverage) strategy affect its performance?** 

The Fund's use of leverage contributed to results during the reporting period as the returns of the securities purchased exceeded the cost of borrowing. At the end of the period, the Fund had borrowed $100 million and was about 15.5% leveraged. During the reporting period, the average amount of leverage utilized by the Fund was about 15.7%.

**Did the Fund use derivatives?** 

The Fund utilized credit index derivatives to manage its overall risk profile, which had a positive impact on performance during the reporting period. In addition, the Fund traded derivatives in the form of U.S. Treasury futures and total return swaps, the combined impact of which was negative.

**Current outlook** 

• PGIM Fixed Income expects spreads to maintain a range near historical tights, as persistently strong technicals and a robust
credit environment offset prevailing global macro risks. While still constructive overall, PGIM Fixed Income maintains close-to-home defensive positioning across all
regions. Late-cycle conditions in direct lending warrant greater selectivity on new deals, heightened attention to lender protections, and an emphasis on add-on opportunities with existing portfolio companies.

PGIM Fixed Income Closed-End Funds 7

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**Strategy and Performance Overview\*** (continued)

• PGIM Fixed Income expects U.S. high yield bond spreads to remain rangebound near historic tights over the coming months on
strong technicals and robust credit fundamentals. PGIM Fixed Income believes high yield spreads entered a late-cycle phase, an environment of tight spreads and low volatility—that could last throughout much of 2026. Thus, PGIM Fixed
Income's base case is for spreads to end the year only marginally wider.

• While relatively tame "animal spirits" have curtailed primary supply, PGIM Fixed Income expects increased merger
and acquisition, leveraged buyout, and artificial intelligence-related CapEx transactions this year, limiting any meaningful spread tightening from current levels. That said, PGIM Fixed Income believes that the sector should still generate positive
total returns in the coming quarters, particularly as a potential rise in defaults amid re-leveraging and more aggressive behavior may not occur for some time.

• PGIM Fixed Income expects solid market technicals to persist beyond the first quarter of 2026, supported by the healthy pace
of refinancing, low speculative borrowing, and modest inflows. Further, PGIM Fixed Income believes that the continued strength in credit fundamentals provides a buffer against macro uncertainty. Indeed, the accompanying chart shows today's
high yield market is higher in credit quality with a shorter average duration when compared to the period of historically tight spreads in June 2007. However, geopolitical risks remain, while potential overheating from monetary and fiscal stimulus
could push spreads wider, and the use of private equity uncommitted cash could reignite speculative issuance.

• PGIM Fixed Income is maintaining an overweight to short-duration bonds and is continuing to reduce the Fund's
underweight to high-quality issues. Looking at sectors, the Fund is overweight home construction, telecom, and midstream energy, and underweight technology, media & entertainment, and retailers & restaurants. However, recent
adjustments include an increase to the overweight to paper & packaging, a further reduction in overweights to building materials, home construction, and telecom, and an increase in the underweight to technology.

• PGIM Fixed Income expects the European high yield bond and leveraged loan markets to remain resilient in early 2026,
supported by strong technicals such as limited net new supply, elevated yields, solid retail flows, overall short duration, solid fundamentals, and continued collateralized loan obligation formation (in the case of loans). Absent a broad market risk-off event, PGIM Fixed Income believes that the technical environment should keep spreads near their current, historically tight levels. For full-year 2026, assuming a "muddle through" global
economic scenario as a base case, PGIM Fixed Income expects total returns in high yield bonds and bank loans to reach 5.5% and 4.0%, respectively.

• PGIM Fixed Income is cautiously constructive looking ahead—while technicals are strong and spreads remain close to all-time tights, macro risks remain elevated. Accordingly, the Fund remains slightly overweight risk on an aggregate basis, with

8 Visit our website at pgim.com/closed-end-fund-documents

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select overweights in cyclicals where the cycle is fully priced in. PGIM Fixed Income continues to focus on relative value opportunities such as maintaining a high-threshold for high-beta names exhibiting elevated volatility, given the relatively wide range of macro outcomes.

• Regarding emerging markets corporates, spreads remained well anchored in the fourth quarter of 2025, driving positive
returns. PGIM Fixed Income believes this will likely remain the case in the first quarter of 2026, given the strong fundamentals and still elevated spread pick-up to developed market high yield. While emerging
markets corporates significantly lagged sovereigns over the past quarter and year, this came after a period of strong outperformance. PGIM Fixed Income expects overall defaults to remain contained in the 3% area for emerging markets high yield going
forward (in line with developed markets), given very manageable refinancing needs and resiliency in the underlying emerging markets economies.

*\*This strategy and performance overview, which discusses what strategies or holdings (including derivatives, if applicable) affected the Fund's performance, is compiled based on how the Fund performed relative to the Index and is viewed for performance attribution purposes at the aggregate Fund level, which in most instances will not directly correlate to the amounts disclosed in the Statement of Operations which conform to U.S. generally accepted accounting principles.* 

PGIM Fixed Income Closed-End Funds 9

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**Strategy and Performance Overview\*** (continued)

**Benchmark Definition** 

**Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index**—The Bloomberg Global High Yield 2% Issuer Constrained (USD Hedged) Index is an unmanaged index which covers the universe of non-investment-grade debt in the U.S., developed markets, and emerging markets. Issuers are capped at 2% of the Index.

Investors cannot invest directly in an index.

**Looking for additional information?** 

The Fund is traded on the New York Stock Exchange (NYSE) under the symbol "GHY," and its closing market price is available on most financial websites under the NYSE listings. The daily NAV is available online under the symbol "XGHYX" on most financial websites. Barron's and The Wall Street Journal's Monday edition both carry closed-end fund tables that provide additional information. In addition, the Fund issues press releases that can be found on most major financial websites as well as on pgim.com/closed-end-fund-documents.

10 Visit our website at pgim.com/closed-end-fund-documents

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**PGIM High Yield Bond Fund, Inc.** 

**Your Fund's Performance** 

**Performance data quoted represent past performance and assume the reinvestment of all dividends. Past performance does not guarantee future results. An investor may obtain performance data as of the most recent month-end by visiting our website at pgim.com/closed-end-fund-documents.** 

**Investment Objective** 

The Fund seeks to provide a high level of current income.

---

| |
|:---|
| **Price per Share as of 1/31/2026** |
| &nbsp;&nbsp; $14.03 Net Asset Value (NAV) |
| &nbsp;&nbsp; $14.60 Market Price |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** |
|  | **Six Months\* (%)** | **One Year (%)** | **Five Years (%)** | **Ten Years (%)** |
| &nbsp;&nbsp; Net Asset Value (NAV) | 4.05 | 8.73 | 5.06 | 6.73 |
| &nbsp;&nbsp; Market Price | 6.45 | 15.45 | 8.99 | 9.08 |
| &nbsp;&nbsp; Bloomberg US Corporate High Yield 1% Issuer Capped Index | &nbsp;&nbsp; Bloomberg US Corporate High Yield 1% Issuer Capped Index |  |  |  |
|  | 3.95 | 7.69 | 4.55 | 6.70 |

---

\*Not annualized

*Total returns are based on changes in net asset value (NAV) or market price, respectively. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund's Dividend Reinvestment Plan.* 

---

| | | | |
|:---|:---|:---|:---|
| **Key Fund Statistics as of 1/31/2026** | **Key Fund Statistics as of 1/31/2026** |  |  |
| &nbsp;&nbsp; Duration  | 3.8 years | Average Maturity | 5.3 years |

---

*Duration shown includes the impact of leverage. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Average Maturity is the average number of years to maturity of the bonds in the Fund's portfolio.* 

PGIM Fixed Income Closed-End Funds 11

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**PGIM High Yield Bond Fund, Inc.** 

**Your Fund's Performance** (continued)

---

| | |
|:---|:---|
| **Credit Quality expressed as a percentage of total investments as of 1/31/26 (%)** | |
| &nbsp;&nbsp; AAA | 1.6 |
| &nbsp;&nbsp; A | 0.2 |
| &nbsp;&nbsp; BBB | 8.6 |
| &nbsp;&nbsp; BB | 47.0 |
| &nbsp;&nbsp; B | 23.3 |
| &nbsp;&nbsp; CCC | 11.4 |
| &nbsp;&nbsp; CC | 0.2 |
| &nbsp;&nbsp; Not Rated | 9.1 |
| &nbsp;&nbsp; Cash/Cash Equivalents | (1.5) |
| &nbsp;&nbsp;&nbsp; Total | 100 |

---

*Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change. Values may not sum to 100.0% due to rounding.* 

---

| | | |
|:---|:---|:---|
| **Distribution Rate and Dividends as of 1/31/2026** | **Distribution Rate and Dividends as of 1/31/2026** | **Distribution Rate and Dividends as of 1/31/2026** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Monthly Dividends**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Paid per Share for Period** | **Current Monthly Dividend**<br> **Paid per Share** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution Rate at Market** <br> **Price**<br> **as of 1/31/2026** |
| &nbsp;&nbsp; $0.63 | $0.105 | 8.63% |

---

*Distribution Rate at market price is the annualized rate determined by dividing the current monthly dividend paid per share by the market price per share as of January 31, 2026.* 

12 Visit our website at pgim.com/closed-end-fund-documents

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**Strategy and Performance Overview\*** 

PGIM High Yield Bond Fund, Inc.

**How did the Fund perform?** 

The **PGIM High Yield Bond Fund, Inc**.'s shares returned 6.45% based on market price and 4.05% based on net asset value (NAV) in the six-month reporting period that ended January 31, 2026. For the same period, the Bloomberg US Corporate High Yield 1% Issuer Capped Index (the "Index") returned 3.95%.

**What were market conditions?** 

• U.S. high yield spreads tightened during the reporting period, as risk assets benefited from a backdrop of taming inflation,
steady growth, and a resilient technical environment. The technical backdrop remained supportive due to a variety of factors, including subdued but substantial primary market activity, rising overall credit quality in the market, and solid inflows.

• Spreads on the Index tightened by 23 basis points (bps) to end the period at 266 bps. (One basis point equals 0.01%.) The
Index posted total returns and excess returns of 3.95% and 0.44%, respectively, over the period. By quality, all ratings categories exhibited positive total returns, with lower-quality (CCC-rated) bonds
outperforming.

• High yield capital market activity over the period totaled approximately $217 billion ($68 billion ex-refinancing). The par-weighted U.S. high yield default rate, including distressed exchanges, ended the period at 1.97%, up from 1.43% at the beginning of the period,
according to J.P. Morgan.

**What worked?** 

• Having more market risk in the Fund, on average, than the Index was a strong contributor to relative performance over the
reporting period.

• Overall, security selection contributed the most to performance, with selection in telecom, cable & satellite, and
health care & pharmaceutical contributing.

• While overall sector allocation detracted from performance, overweights to the U.S. high yield corporates, emerging markets
high yield corporates, and AAA collateralized loan obligation sectors contributed to performance.

• While overall industry allocation detracted from performance, an underweight to technology and overweights to
cable & satellite and building materials & home construction contributed to performance.

• In individual security selection, the Fund's overweights to **Digicel Investments, Ltd.** (telecom) and **Ferrellgas Partners, L.P.** (midstream energy), and an underweight to **HBSFA Holdings, Ltd.** (retailers & restaurants) were the largest contributors to performance.

**What didn't work?** 

• While overall security selection contributed to the Fund's performance relative to the Index, selection in
media & entertainment, automotive, and paper & packaging detracted from performance.

PGIM Fixed Income Closed-End Funds 13

------

**Strategy and Performance Overview\*** (continued)

• Overall sector allocation detracted from performance, with overweights to the U.S. bank loan and European bank loan sectors
detracting the most.

• Among industry positions, underweights to automotive, media & entertainment, and retailers & restaurants
detracted from performance.

• In individual security selection, the Fund's overweights to **First Brands Group, LLC** (automotive), **Diamond Sports Group LLC** (media & entertainment), and **Platinum Equity Capital Partners L.P.** (paper & packaging) were the largest detractors from performance.

**How did the Fund's borrowing (leverage) strategy affect its performance?** 

The Fund did not use leverage during the reporting period.

**Did the Fund use derivatives?** 

The Fund used credit index derivatives to manage its overall risk profile, which had a positive impact on performance during the reporting period. In addition, the Fund traded futures, swaps, and foreign exchange derivatives, the combined impact of which was negative.

**Current outlook** 

• PGIM Fixed Income expects U.S. high yield bond spreads to remain rangebound near historic tights over the coming months on
strong technicals and robust credit fundamentals. PGIM Fixed Income believes high yield spreads entered a late-cycle phase, an environment of tight spreads and low volatility—that could last throughout much of 2026. Thus, PGIM Fixed
Income's base case is for spreads to end the year only marginally wider.

• While relatively tame "animal spirits" have curtailed primary supply, PGIM Fixed Income expects increased merger
and acquisition, leveraged buyout, and artificial intelligence-related CapEx transactions this year, limiting any meaningful spread tightening from current levels. That said, PGIM Fixed Income believes that the sector should still generate positive
total returns in the coming quarters, particularly as a potential rise in defaults amid re-leveraging and more aggressive behavior may not occur for some time.

• PGIM Fixed Income expects solid market technicals to persist beyond the first quarter of 2026, supported by the healthy pace
of refinancing, low speculative borrowing, and modest inflows. Further, PGIM Fixed Income believes that the continued strength in credit fundamentals provides a buffer against macro uncertainty. Indeed, the accompanying chart shows today's
high yield market is higher in credit quality with a shorter average duration when compared to the period of historically tight spreads in June 2007. However, geopolitical risks remain, while potential overheating from monetary and fiscal stimulus
could push spreads wider, and the use of private equity uncommitted cash could reignite speculative issuance.

• PGIM Fixed Income is maintaining an overweight to short-duration bonds and is continuing to reduce the Fund's
underweight to high-quality issues. Looking at sectors, the Fund is overweight home construction, telecom, and midstream energy,

14 Visit our website at pgim.com/closed-end-fund-documents

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

and underweight technology, media & entertainment, and retailers & restaurants. However, recent adjustments include an increase to the overweight to paper & packaging, a further reduction in overweights to building materials, home construction, and telecom, and an increase in the underweight to technology.

*\*This strategy and performance overview, which discusses what strategies or holdings (including derivatives, if applicable) affected the Fund's performance, is compiled based on how the Fund performed relative to the Index and is viewed for performance attribution purposes at the aggregate Fund level, which in most instances will not directly correlate to the amounts disclosed in the Statement of Operations which conform to U.S. generally accepted accounting principles.* 

**Benchmark Definition** 

**Bloomberg US Corporate High Yield 1% Issuer Capped Index**—The Bloomberg US Corporate High Yield 1% Issuer Capped Index is an unmanaged index which covers the universe of U.S. dollar denominated, non-convertible, fixed rate, non-investment grade debt. Issuers are capped at 1% of the Index. Index holdings must have at least one year to final maturity, at least $150 million par amount outstanding, and be publicly issued with a rating of Ba1 or lower.

Investors cannot invest directly in an index.

**Looking for additional information?** 

The Fund is traded on the New York Stock Exchange (NYSE) under the symbol "ISD" and its closing market price is available on most financial websites under the NYSE listings. The daily NAV is available online under the symbol "XISDX" on most financial websites. Barron's and The Wall Street Journal's Monday edition both carry closed-end fund tables that provide additional information. In addition, the Fund issues press releases that can be found on most major financial websites as well as on pgim.com/closed-end-fund-documents.

PGIM Fixed Income Closed-End Funds 15

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**PGIM Short Duration High Yield Opportunities Fund** 

**Your Fund's Performance** 

**Performance data quoted represent past performance and assume the reinvestment of all dividends. Past performance does not guarantee future results. An investor may obtain performance data as of the most recent month-end by visiting our website at pgim.com/closed-end-fund-documents.** 

**Investment Objective** 

The Fund's investment objective is to provide total return, through a combination of current income and capital appreciation.

---

| |
|:---|
| **Price per Share as of 1/31/2026** |
| &nbsp;&nbsp; $17.68 Net Asset Value (NAV) |
| &nbsp;&nbsp; $16.59 Market Price |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** | **Average Annual Total Returns as of 1/31/26** |
|  | **Six Months\* (%)** | **One Year (%)** | **Five Years (%)** | **Since Inception\*\* (%)** |
| &nbsp;&nbsp; Net Asset Value (NAV) | 2.96 | 7.01 | 4.88 | 4.84 (11/25/2020) |
| &nbsp;&nbsp; Market Price | 3.34 | 8.02 | 4.56 | 4.25 (11/25/2020) |
| &nbsp;&nbsp; Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index | &nbsp;&nbsp; Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index | &nbsp;&nbsp; Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index | &nbsp;&nbsp; Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index |  |
|  | 3.74 | 7.09 | 5.10 | 5.27 |

---

\*Not annualized

\*\*Since Inception returns for the Index are measured from the month-end closest to the Fund's inception date.

*Total returns are based on changes in net asset value (NAV) or market price, respectively. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund's Dividend Reinvestment Plan.* 

---

| | | | |
|:---|:---|:---|:---|
| **Key Fund Statistics as of 1/31/2026** | **Key Fund Statistics as of 1/31/2026** |  |  |
| &nbsp;&nbsp; Duration  | 2.6 years | Average Maturity | 3.3 years |

---

*Duration shown includes the impact of leverage. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Average Maturity is the average number of years to maturity of the bonds in the Fund's portfolio.* 

16 Visit our website at pgim.com/closed-end-fund-documents

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

---

| | |
|:---|:---|
| **Credit Quality expressed as a percentage of total investments as of 1/31/26 (%)** | |
| &nbsp;&nbsp;&nbsp; AAA | 1.7 |
| &nbsp;&nbsp;&nbsp; A | 0.4 |
| &nbsp;&nbsp;&nbsp; BBB | 9.8 |
| &nbsp;&nbsp;&nbsp; BB | 52.6 |
| &nbsp;&nbsp;&nbsp; B | 24.8 |
| &nbsp;&nbsp;&nbsp; CCC | 5.5 |
| &nbsp;&nbsp;&nbsp; CC | 0.1 |
| &nbsp;&nbsp;&nbsp; Not Rated | 3.8 |
| &nbsp;&nbsp;&nbsp; Cash/Cash Equivalents | 1.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0 |

---

*Credit ratings reflect the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody's Investors Service, Inc. (Moody's), S&P Global Ratings (S&P), or Fitch Ratings, Inc. (Fitch). Credit ratings reflect the common nomenclature used by both S&P and Fitch. Where applicable, ratings are converted to the comparable S&P/Fitch rating tier nomenclature. The Not Rated category consists of securities that have not been rated by an NRSRO. Credit ratings are subject to change. Values may not sum to 100.0% due to rounding.* 

---

| | | |
|:---|:---|:---|
| **Distribution Rate and Dividends as of 1/31/2026** | **Distribution Rate and Dividends as of 1/31/2026** |  |
| **Total Monthly Dividends**<br> **Paid per Share for Period** | **Current Monthly Dividend**<br> **Paid per Share** | **Distribution Rate at**<br> **MarketPrice**<br> **as of 1/31/2026** |
| $0.65 | $0.108 | 7.81% |

---

*Distribution Rate at market price is the annualized rate determined by dividing the current monthly dividend paid per share by the market price per share as of January 31, 2026.* 

PGIM Fixed Income Closed-End Funds 17

------

**Strategy and Performance Overview\*** 

PGIM Short Duration High Yield Opportunities Fund

**How did the Fund perform?** 

The **PGIM Short Duration High Yield Opportunities Fund**'s shares returned 3.34% based on market price and 2.96% based on net asset value (NAV) in the six-month reporting period that ended January 31, 2026. For the same period, the Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index (the "Index") returned 3.74%, including reinvestment of dividends.

**What were market conditions?** 

• U.S. high yield spreads tightened during the reporting period as risk assets benefited from a backdrop of taming inflation,
steady growth, and a resilient technical environment. The technical backdrop remained supportive due to a variety of factors, including subdued but substantial primary market activity, rising overall credit quality in the market, and solid inflows.

• Spreads on the Bloomberg US Corporate High Yield 1% Issuer Capped Index tightened by 23 basis points (bps) to end the period
at 266 bps. (One basis point equals 0.01%.) This Index posted total returns and excess returns of 3.92% and 0.44%, respectively, over the period. By quality, all ratings categories exhibited positive total returns, with lower-quality (CCC-rated) bonds outperforming.

• High yield capital market activity over the period totaled approximately $217 billion ($68 billion ex-refinancing). The par-weighted U.S. high yield default rate, including distressed exchanges, ended the period at 1.97%, up from 1.43% at the beginning of the period,
according to J.P. Morgan.

**What worked?** 

• Having more market risk in the Fund, on average, than the Index over the reporting period was a strong contributor to
performance.

• While overall security selection detracted from performance, selection in telecom, health care & pharmaceutical,
and cable & satellite contributed to performance.

• While overall sector allocation detracted from performance, overweights to the AAA CLO and emerging markets high yield
sectors contributed to performance.

• While industry allocation detracted from performance, an underweight to technology and overweights to property &
casualty and cable & satellite contributed to performance.

• In individual security selection, the Fund's overweights to **Digicel Investments, Ltd.** (telecom) and **EchoStar Corp**. (cable & satellite), and an underweight to **Sabre Corp**. (technology) contributed to performance.

18 Visit our website at pgim.com/closed-end-fund-documents

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

**What didn't work?** 

• Overall sector allocation detracted the most from performance, with overweights to the U.S. bank loans and U.S. high yield
corporates sectors detracting the most.

• Overall security selection detracted from performance, with selection in paper & packaging, automotive, and
midstream energy detracting the most.

• Overall industry allocation was a detractor, with an overweight to automotive and underweights to chemicals and upstream
energy detracting the most from performance.

• In individual security selection, the Fund's overweights to **First Brands Group Holdings, LLC** (automotive), **Platinum Equity Capital Partners, IV L.P**. (paper & packaging), and **Stonepeak Falcon Holdings, Inc**. (telecom) detracted from performance.

**How did the Fund's borrowing (leverage) strategy affect its performance?** 

The Fund did not use leverage during the reporting period.

**Did the Fund use derivatives?** 

The Fund used credit index derivatives to manage its overall risk profile, which had a positive impact on performance during the reporting period. In addition, the Fund traded futures, swaps, and foreign exchange derivatives, the combined impact of which was positive.

**Current outlook** 

• PGIM Fixed Income expects U.S. high yield bond spreads to remain rangebound near historic tights over the coming months on
strong technicals and robust credit fundamentals. PGIM Fixed Income believes high yield spreads entered a late-cycle phase, an environment of tight spreads and low volatility—that could last throughout much of 2026. Thus, PGIM Fixed
Income's base case is for spreads to end the year only marginally wider.

• While relatively tame "animal spirits" have curtailed primary supply, PGIM Fixed Income expects increased merger
and acquisition, leveraged buyout, and artificial intelligence-related CapEx transactions this year, limiting any meaningful spread tightening from current levels. That said, PGIM Fixed Income believes that the sector should still generate positive
total returns in the coming quarters, particularly as a potential rise in defaults amid re-leveraging and more aggressive behavior may not occur for some time.

• PGIM Fixed Income expects solid market technicals to persist beyond the first quarter of 2026, supported by the healthy pace
of refinancing, low speculative borrowing, and modest inflows. Further, PGIM Fixed Income believes that the continued strength in credit fundamentals provides a buffer against macro uncertainty. Indeed, the accompanying chart shows today's
high yield market is higher in credit quality with a

PGIM Fixed Income Closed-End Funds 19

------

**Strategy and Performance Overview\*** (continued)

shorter average duration when compared to the period of historically tight spreads in June 2007. However, geopolitical risks remain, while potential overheating from monetary and fiscal stimulus could push spreads wider, and the use of private equity uncommitted cash could reignite speculative issuance.

• PGIM Fixed Income is maintaining an overweight to short-duration bonds and is continuing to reduce the Fund's
underweight to high-quality issues. Looking at sectors, the Fund is overweight home construction, telecom, and midstream energy, and underweight technology, media & entertainment, and retailers & restaurants. However, recent
adjustments include an increase to the overweight to paper & packaging, a further reduction in overweights to building materials, home construction, and telecom, and an increase in the underweight to technology.

*\*This strategy and performance overview, which discusses what strategies or holdings (including derivatives, if applicable) affected the Fund's performance, is compiled based on how the Fund performed relative to the Index and is viewed for performance attribution purposes at the aggregate Fund level, which in most instances will not directly correlate to the amounts disclosed in the Statement of Operations which conform to U.S. generally accepted accounting principles.* 

20 Visit our website at pgim.com/closed-end-fund-documents

------

**Benchmark Definition** 

**Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index**—The Bloomberg US High Yield Ba/B 1-5 Year 1% Capped Index is an unmanaged index which covers the universe of non-investment-grade debt in the U.S., developed markets and emerging markets. Issuers are capped at 1% of the Index.

Investors cannot invest directly in an index.

**Looking for additional information?** 

The Fund is traded on the New York Stock Exchange (NYSE) under the symbol "SDHY" and its closing market price is available on most financial websites under the NYSE listings. The daily NAV is available online under the symbol "XSDHX" on most financial websites. Barron's and The Wall Street Journal's Monday edition both carry closed-end fund tables that provide additional information. In addition, the Fund issues press releases that can be found on most major financial websites as well as on pgim.com/closed-end-fund-documents.

PGIM Fixed Income Closed-End Funds 21

------

***Glossary***

The following abbreviations are used in the Funds' descriptions:

EUR—Euro

GBP—British Pound

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.

BARC—Barclays Bank PLC

BNP—BNP Paribas S.A.

BOA—Bank of America, N.A.

CDX—Credit Derivative Index

CGM—Citigroup Global Markets, Inc.

CITI—Citibank, N.A.

CLO—Collateralized Loan Obligation

CPI—Consumer Price Index

CVR—Contingent Value Rights

DAC—Designated Activity Company

EMTN—Euro Medium Term Note

ETF—Exchange-Traded Fund

EURIBOR—Euro Interbank Offered Rate

GMTN—Global Medium Term Note

GSI—Goldman Sachs International

HSBC—HSBC Bank PLC

iBoxx—Bond Market Indices

JPM—JPMorgan Chase Bank N.A.

JPS—J.P. Morgan Securities LLC

LP—Limited Partnership

MSI—Morgan Stanley & Co. International PLC

MTN—Medium Term Note

N/A—Not Applicable

OTC—Over-the-counter

PIK—Payment-in-Kind

Q—Quarterly payment frequency for swaps

REITs—Real Estate Investment Trust

SOFR—Secured Overnight Financing Rate

SONIA—Sterling Overnight Index Average

SSB—State Street Bank & Trust Company

T—Swap payment upon termination

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23

------

***Glossary*** ***(continued)*** ****

UAG—UBS AG

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **LONG-TERM INVESTMENTS 115.3%**<br>&nbsp;&nbsp; **ASSET-BACKED SECURITY 0.0%**<br>&nbsp;&nbsp; **Cayman Islands** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Voya CLO Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232%<br>(Cap N/A, Floor 0.970%) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $18,128) | 4.900%(c) | 04/25/31 | 18 | $18295 |
| &nbsp;&nbsp; **CORPORATE BONDS 84.4%** |  |  |  |  |
| &nbsp;&nbsp; **Angola 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Azule Energy Finance PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.125 | 01/23/30 | 1000 | 1008181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 01/22/31 | 630 | 630693 |
|  |  |  |  | 1638874 |
| &nbsp;&nbsp; **Argentina 1.5%** |  |  |  |  |
| &nbsp;&nbsp; IRSA Inversiones y Representaciones SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 03/31/35 | 700 | 711025 |
| &nbsp;&nbsp; Pan American Energy LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 04/30/32 | 1350 | 1422954 |
| &nbsp;&nbsp; Telecom Argentina SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 05/28/33 | 750 | 791738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 07/18/31 | 265 | 282225 |
| &nbsp;&nbsp; Transportadora de Gas del Sur SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 07/24/31 | 500 | 526275 |
| &nbsp;&nbsp; Vista Energy Argentina SAU, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.500 | 06/10/33 | 500 | 519375 |
| &nbsp;&nbsp; YPF SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 01/17/31 | 700 | 740845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.250 | 01/17/34 | 1625 | 1656281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 09/11/31 | 1410 | 1455952 |
|  |  |  |  | 8106670 |
| &nbsp;&nbsp; **Australia 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Coronado Finance Pty Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 10/01/29 | 720 | 680400 |
| &nbsp;&nbsp; Mineral Resources Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 04/01/31 | 400 | 420000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/28 | 150 | 157462 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 25

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Australia (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Mineral Resources Ltd., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.000% | 11/01/27 | 220 | $225150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.500 | 05/01/30 | 85 | 88052 |
|  |  |  |  | 1571064 |
| &nbsp;&nbsp; **Brazil 2.3%** |  |  |  |  |
| &nbsp;&nbsp; Ambipar Lux Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.875 | 02/06/31(d) | 445 | 85667 |
| &nbsp;&nbsp; Axia Energia, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.500 | 01/11/35 | 1100 | 1137070 |
| &nbsp;&nbsp; Braskem Netherlands Finance BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.500 | 01/31/30 | 2000 | 849400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.500 | 01/12/31 | 815 | 348413 |
| &nbsp;&nbsp; CSN Inova Ventures, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 01/28/28 | 750 | 718050 |
| &nbsp;&nbsp; CSN Resources SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 12/05/30 | 1000 | 964560 |
| &nbsp;&nbsp; Eldorado Intl. Finance GmbH, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.500 | 12/01/32 | 1500 | 1569720 |
| &nbsp;&nbsp; LD Celulose International GmbH, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.950 | 01/26/32 | 270 | 284143 |
| &nbsp;&nbsp; Light S/A, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 23.382(s) | 08/31/27 | 244 | 48859 |
| &nbsp;&nbsp; Light Servicos de Eletricidade SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 2.260 | 12/19/37 | 242 | 60564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.210 | 12/19/32 | 570 | 404329 |
| &nbsp;&nbsp; MARB BondCo PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 3.950 | 01/29/31 | 1330 | 1208305 |
| &nbsp;&nbsp; Minerva Luxembourg SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 09/13/33 | 1000 | 1090325 |
| &nbsp;&nbsp; Nexa Resources SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 04/09/34 | 375 | 406191 |
| &nbsp;&nbsp; Nova Securitisation Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 02/03/36 | 500 | 492625 |
| &nbsp;&nbsp; Petrobras Global Finance BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.000 | 01/13/35 | 500 | 496437 |
| &nbsp;&nbsp; Raizen Fuels Finance SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.250 | 07/08/32 | 800 | 673000 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Brazil (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Tupy Overseas SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500% | 02/16/31 | 1000 | $776750 |
| &nbsp;&nbsp; Usiminas International Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 01/27/32 | 800 | 832800 |
|  |  |  |  | 12447208 |
| &nbsp;&nbsp; **Canada 3.6%** |  |  |  |  |
| &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A(aa) | 4.000 | 10/15/30 | 250 | 238497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 3.500 | 02/15/29 | 490 | 472394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 01/15/28 | 200 | 196830 |
| &nbsp;&nbsp; Bausch Health Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.000 | 01/30/28 | 1225 | 1048906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 02/15/29 | 75 | 57046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/30/30 | 325 | 230750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.250 | 02/15/31 | 1350 | 876690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/15/29 | 425 | 336016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/28 | 200 | 179750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 06/01/28 | 225 | 208701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.000 | 09/30/28 | 200 | 207916 |
| &nbsp;&nbsp; Bombardier, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.000 | 02/15/28 | 575 | 575719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 06/15/33 | 665 | 699081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 06/01/32 | 85 | 89250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 07/01/31 | 440 | 466950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.450 | 05/01/34 | 400 | 448000 |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.875 | 02/15/30 | 1250 | 1165700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.000 | 06/15/29 | 825 | 797923 |
| &nbsp;&nbsp; Capstone Copper Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/31/33 | 300 | 310092 |
| &nbsp;&nbsp; Champion Iron Canada, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 07/15/32 | 415 | 444050 |
| &nbsp;&nbsp; Empire Communities Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.750 | 05/01/29 | 645 | 666170 |
| &nbsp;&nbsp; goeasy Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 05/15/30 | 350 | 332725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 02/15/31 | 845 | 792196 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 27

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Canada (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; goeasy Ltd., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375% | 10/01/30 | 675 | $649519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.625 | 07/01/29 | 25 | 24713 |
| &nbsp;&nbsp; Hudbay Minerals, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.500 | 04/01/26 | 1745 | 1743761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.125 | 04/01/29 | 1105 | 1114702 |
| &nbsp;&nbsp; Kronos Acquisition Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.750 | 06/30/32 | 920 | 441085 |
| &nbsp;&nbsp; Mattamy Group Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 4.625 | 03/01/30 | 950 | 928815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 12/15/33 | 560 | 550631 |
| &nbsp;&nbsp; New Flyer Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.250 | 07/01/30 | 355 | 381827 |
| &nbsp;&nbsp; New Gold, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 04/01/32 | 475 | 503926 |
| &nbsp;&nbsp; Precision Drilling Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 01/15/29 | 627 | 633502 |
| &nbsp;&nbsp; Superior Plus LP/Superior General Partner, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.500 | 03/15/29 | 490 | 478897 |
| &nbsp;&nbsp; Taseko Mines Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.250 | 05/01/30 | 410 | 435186 |
| &nbsp;&nbsp; Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 05/15/30 | 700 | 675500 |
|  |  |  |  | 19403416 |
| &nbsp;&nbsp; **Chile 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Telefonica Moviles Chile SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.537 | 11/18/31 | 750 | 534469 |
| &nbsp;&nbsp; **China 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Agile Group Holdings Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 6.050 | 10/13/25(d) | 1120 | 36400 |
| &nbsp;&nbsp; Franshion Brilliant Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.250 | 07/23/29 | 200 | 183500 |
| &nbsp;&nbsp; Vanke Real Estate Hong Kong Co. Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 3.975 | 11/09/27 | 200 | 63800 |
|  |  |  |  | 283700 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Colombia 1.4%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; AI Candelaria Spain SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 5.750% | 06/15/33 |  | 1440 | $1287000 |
| &nbsp;&nbsp; Banco Davivienda SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 8.125(ff) | 07/02/35 |  | 500 | 521250 |
| &nbsp;&nbsp; Bancolombia SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes(aa) | 8.625(ff) | 12/24/34 |  | 750 | 801517 |
| &nbsp;&nbsp; Colombia Telecomunicaciones SA ESP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.950 | 07/17/30 |  | 300 | 281100 |
| &nbsp;&nbsp; Ecopetrol SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.625 | 11/02/31 |  | 500 | 447250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.875 | 04/29/30 |  | 1400 | 1416184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.875 | 01/13/33 |  | 690 | 739853 |
| &nbsp;&nbsp; EnfraGen Energia Sur SAU/ EnfraGen Chile SpA/EnfraGen Spain SAU, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.499 | 06/30/32 |  | 200 | 207848 |
| &nbsp;&nbsp; Grupo Nutresa SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 05/12/35 |  | 1000 | 1115500 |
| &nbsp;&nbsp; SierraCol Energy Andina LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 06/15/28 |  | 653 | 626064 |
|  |  |  |  |  | 7443566 |
| &nbsp;&nbsp; **Costa Rica 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Autopistas del Sol SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.375 | 12/30/30 |  | 231 | 231601 |
| &nbsp;&nbsp; Instituto Costarricense de Electricidad, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 10/07/31 |  | 270 | 284107 |
|  |  |  |  |  | 515708 |
| &nbsp;&nbsp; **Czech Republic 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; CPI Property Group SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 1.750 | 01/14/30 | EUR | 2925 | 2990416 |
| &nbsp;&nbsp; **France 2.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Alstom SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes(aa) | 5.868(ff) | 05/29/29(oo) | EUR | 1300 | 1627634 |
| &nbsp;&nbsp; Altice France SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 4.750 | 10/15/30 | EUR | 1410 | 1613274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 07/15/32 |  | 373 | 364139 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 29

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **France (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Atos SE, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 5.200%(cc) | 12/18/30 | EUR | 150 | $182930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 9.360(cc) | 12/18/29 | EUR | 150 | 201726 |
| &nbsp;&nbsp; Betclic Everest Group SAS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.125 | 12/10/31 | EUR | 750 | 898126 |
| &nbsp;&nbsp; CAB SELAS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 3.375 | 02/01/28 | EUR | 400 | 457543 |
| &nbsp;&nbsp; Emeria SASU, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 3.375 | 03/31/28 | EUR | 1700 | 1667491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.750 | 03/31/28 | EUR | 400 | 406575 |
| &nbsp;&nbsp; Flamingo Lux II SCA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 03/31/29 | EUR | 100 | 45728 |
| &nbsp;&nbsp; Iliad Holding SAS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 04/15/32 |  | 400 | 410000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 04/15/31 |  | 395 | 422563 |
| &nbsp;&nbsp; Picard Groupe SAS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 6.375 | 07/01/29 | EUR | 2425 | 2983416 |
| &nbsp;&nbsp; RCI Banque SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN | 4.750(ff) | 03/24/37 | EUR | 700 | 850303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, EMTN(aa) | 5.500(ff) | 10/09/34 | EUR | 1700 | 2124549 |
|  |  |  |  |  | 14255997 |
| &nbsp;&nbsp; **Germany 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Aroundtown SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, EMTN | 1.625(ff) | 04/15/26(oo) | EUR | 500 | 577621 |
| &nbsp;&nbsp; Grand City Properties SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, EMTN | 1.500(ff) | 03/09/26(oo) | EUR | 700 | 823746 |
| &nbsp;&nbsp; Nidda Healthcare Holding GmbH, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month EURIBOR + 3.250%<br>(Cap N/A, Floor 0.000%)(aa) | 5.276(c) | 10/15/32 | EUR | 1325 | 1575740 |
| &nbsp;&nbsp; ZF North America Capital, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 03/24/31 |  | 325 | 333125 |
|  |  |  |  |  | 3310232 |
| &nbsp;&nbsp; **Guatemala 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 04/27/29 |  | 700 | 695800 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Guatemala (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; CT Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.125% | 02/03/32 |  | 1160 | $1106918 |
| &nbsp;&nbsp; Industrial Subordinated Trust 2 0, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 6.550(ff) | 04/15/36 |  | 1000 | 1013500 |
| &nbsp;&nbsp; Millicom International Cellular SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500 | 04/27/31 |  | 1200 | 1117500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 04/02/32 |  | 500 | 518525 |
|  |  |  |  |  | 4452243 |
| &nbsp;&nbsp; **Hong Kong 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; NWD MTN Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 8.625 | 02/08/28 |  | 435 | 424125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 4.500 | 05/19/30 |  | 1655 | 1363306 |
|  |  |  |  |  | 1787431 |
| &nbsp;&nbsp; **India 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Clean Renewable Power Mauritius Pte Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.250 | 03/25/27 |  | 1020 | 999590 |
| &nbsp;&nbsp; Delhi International Airport Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.450 | 06/04/29 |  | 1205 | 1258466 |
| &nbsp;&nbsp; Greenko Power II Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.300 | 12/13/28 |  | 287 | 274208 |
| &nbsp;&nbsp; Vedanta Resources Finance II PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 9.850 | 04/24/33 |  | 3325 | 3578531 |
|  |  |  |  |  | 6110795 |
| &nbsp;&nbsp; **Ireland 1.7%** |  |  |  |  |  |
| &nbsp;&nbsp; eircom Finance DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 5.000 | 04/30/31 | EUR | 3625 | 4364043 |
| &nbsp;&nbsp; Flutter Treasury DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.125 | 06/04/31 | GBP | 2000 | 2779873 |
| &nbsp;&nbsp; GGAM Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 02/15/27 |  | 225 | 228442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 06/15/28 |  | 125 | 131563 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 31

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Ireland (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes V DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.875% | 03/15/32 | GBP | 400 | $537723 |
| &nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes VI DAC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 03/15/33 |  | 980 | 971386 |
|  |  |  |  |  | 9013030 |
| &nbsp;&nbsp; **Israel 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Energean Israel Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 5.375 | 03/30/28 |  | 2250 | 2219243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.875 | 03/30/31 |  | 500 | 486250 |
| &nbsp;&nbsp; Leviathan Bond Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.750 | 06/30/30 |  | 1110 | 1137258 |
|  |  |  |  |  | 3842751 |
| &nbsp;&nbsp; **Italy 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Bubbles Bidco SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.500 | 09/30/31 | EUR | 1200 | 1455314 |
| &nbsp;&nbsp; FIS Fabbrica Italiana Sintetici SpA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 02/05/31 | EUR | 925 | 1100560 |
|  |  |  |  |  | 2555874 |
| &nbsp;&nbsp; **Jamaica 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Digicel Group Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 1B14, 144A(x) | 0.000 | 12/31/30 |  | 125 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 3B14, 144A^(x) | 0.000 | 12/31/30 |  | 43 |  |
| &nbsp;&nbsp; Digicel International Finance Ltd./DIFL US LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(x) | 8.625 | 08/01/32 |  | 1430 | 1486943 |
|  |  |  |  |  | 1486955 |
| &nbsp;&nbsp; **Japan 1.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Nissan Motor Co. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.250 | 07/17/29 | EUR | 2100 | 2556394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.375 | 07/17/33 | EUR | 1400 | 1713158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 07/17/30 |  | 890 | 933666 |
| &nbsp;&nbsp; SoftBank Group Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 3.875 | 07/06/32 | EUR | 700 | 775272 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Japan (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; SoftBank Group Corp., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.375% | 01/08/29 | EUR | 600 | $728219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 5.875 | 07/10/31 | EUR | 2300 | 2801374 |
|  |  |  |  |  | 9508083 |
| &nbsp;&nbsp; **Luxembourg 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Altice Financing SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 3.000 | 01/15/28 | EUR | 700 | 591539 |
| &nbsp;&nbsp; ARD Finance SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% or PIK 7.250% | 6.500 | 06/30/27(d) |  | — (r) |  |
| &nbsp;&nbsp; Galapagos SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 0.000(cc) | 06/15/21(d) | EUR | 315 | 1864 |
| &nbsp;&nbsp; Herens Midco Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 05/15/29 | EUR | 3350 | 2095286 |
| &nbsp;&nbsp; ION Platform Finance Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 09/30/32 | EUR | 1100 | 1243964 |
| &nbsp;&nbsp; Maxam Prill Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 07/15/30 |  | 1350 | 1400613 |
| &nbsp;&nbsp; Monitchem HoldCo 3 SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.750 | 05/01/28 | EUR | 3425 | 4104218 |
| &nbsp;&nbsp; Summer BC Holdco B Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.875 | 02/15/30 | EUR | 475 | 525740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 3 Month EURIBOR + 4.250% (Cap N/A, Floor 0.000%) | 6.314(c) | 02/15/30 | EUR | 800 | 889932 |
|  |  |  |  |  | 10853156 |
| &nbsp;&nbsp; **Macau 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Studio City Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 01/15/29 |  | 600 | 580710 |
| &nbsp;&nbsp; Wynn Macau Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 08/26/28 |  | 725 | 723688 |
|  |  |  |  |  | 1304398 |
| &nbsp;&nbsp; **Mexico 2.8%** |  |  |  |  |  |
| &nbsp;&nbsp; Banco Mercantil del Norte SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A(aa) | 6.625(ff) | 01/24/32(oo) |  | 750 | 738375 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 33

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Mexico (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Grupo Televisa SAB, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000% | 05/13/45 |  | 750 | $524063 |
| &nbsp;&nbsp; Mexico City Airport Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.500 | 07/31/47 |  | 670 | 577037 |
| &nbsp;&nbsp; Nemak SAB de CV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 3.625 | 06/28/31 |  | 1230 | 1067794 |
| &nbsp;&nbsp; Petroleos Mexicanos, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 6.500 | 06/02/41 |  | 2100 | 1825845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.700 | 02/16/32 |  | 545 | 544014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 6.840 | 01/23/30 |  | 2600 | 2657200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 10.000 | 02/07/33 |  | 145 | 168792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, EMTN | 2.750 | 04/21/27 | EUR | 811 | 948401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, MTN(aa) | 6.750 | 09/21/47 |  | 1825 | 1501318 |
| &nbsp;&nbsp; Saavi Energia Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.875 | 02/10/35 |  | 1350 | 1461577 |
| &nbsp;&nbsp; Tierra Mojada Luxembourg II Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 12/01/40 |  | 1048 | 1028978 |
| &nbsp;&nbsp; Total Play Telecomunicaciones SA de CV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 11.125 | 12/31/32 |  | 2374 | 2284859 |
|  |  |  |  |  | 15328253 |
| &nbsp;&nbsp; **Morocco 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; OCP SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 04/25/44 |  | 280 | 288338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.750 | 06/23/31 |  | 200 | 185800 |
|  |  |  |  |  | 474138 |
| &nbsp;&nbsp; **Netherlands 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Centrient Holding BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 6.750 | 05/30/30 | EUR | 2600 | 2773719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 05/30/30 | EUR | 550 | 586748 |
| &nbsp;&nbsp; Trivium Packaging Finance BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 6.625 | 07/15/30 | EUR | 2050 | 2557541 |
| &nbsp;&nbsp; Ziggo Bond Co. BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.375 | 02/28/30 | EUR | 250 | 263740 |
|  |  |  |  |  | 6181748 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Nigeria 0.3%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; IHS Holding Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250% | 11/29/28 | 645 | $641775 |
| &nbsp;&nbsp; SEPLAT Energy PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 03/21/30 | 800 | 839752 |
|  |  |  |  | 1481527 |
| &nbsp;&nbsp; **Pakistan 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Veon Midco BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 9.000 | 07/15/29 | 1250 | 1312625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN(aa) | 3.375 | 11/25/27 | 720 | 686470 |
|  |  |  |  | 1999095 |
| &nbsp;&nbsp; **Panama 0.1%** |  |  |  |  |
| &nbsp;&nbsp; AES Panama Generation Holdings SRL, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.375 | 05/31/30 | 359 | 337746 |
| &nbsp;&nbsp; **Peru 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Banco de Credito del Peru SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 6.450(ff) | 07/30/35 | 780 | 814125 |
| &nbsp;&nbsp; Orazul Energy Peru SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 09/17/32 | 550 | 555858 |
| &nbsp;&nbsp; Volcan Cia Minera SAA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.500 | 10/28/32 | 400 | 414000 |
|  |  |  |  | 1783983 |
| &nbsp;&nbsp; **Russia 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Alfa Bank AO Via Alfa Bond Issuance PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes | 5.950 | 04/15/30(d) | 1500 | 75000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 5.950 | 04/15/30(d) | 985 | 49250 |
| &nbsp;&nbsp; Sovcombank Via SovCom Capital DAC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 7.600 | 02/17/27(d)(oo) | 1500 | 54188 |
|  |  |  |  | 178438 |
| &nbsp;&nbsp; **Serbia 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Telecommunications Co. Telekom Srbija AD Belgrade, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 10/28/29 | 415 | 416457 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 35

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **South Africa 1.2%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Eskom Holdings, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, MTN(aa) | 8.450% | 08/10/28 |  | 790 | $845300 |
| &nbsp;&nbsp; Sasol Financing USA LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.500 | 03/18/31 |  | 500 | 439270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 6.500 | 09/27/28 |  | 1930 | 1918536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.750 | 05/03/29 |  | 2100 | 2149245 |
| &nbsp;&nbsp; Transnet, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 8.250 | 02/06/28 |  | 935 | 986425 |
|  |  |  |  |  | 6338776 |
| &nbsp;&nbsp; **Spain 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Celsa Opco SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.250 | 12/15/30 | EUR | 1100 | 1374595 |
| &nbsp;&nbsp; Grifols SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 7.125 | 05/01/30 | EUR | 2650 | 3279735 |
| &nbsp;&nbsp; Telefonica Europe BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 2.376(ff) | 02/12/29(oo) | EUR | 2100 | 2387674 |
|  |  |  |  |  | 7042004 |
| &nbsp;&nbsp; **Sweden 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Samhallsbyggnadsbolaget I Norden Holding AB, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 0.750 | 11/14/28 | EUR | 600 | 604436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 2.250 | 07/12/27 | EUR | 100 | 112294 |
|  |  |  |  |  | 716730 |
| &nbsp;&nbsp; **Switzerland 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 7.875 | 05/01/27 |  | 1540 | 1541925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;630 | 649687 |
|  |  |  |  |  | 2191612 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Thailand 0.2%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; GC Treasury Center Co. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500%(ff) | 09/10/30(oo) |  | 714 | $721890 |
| &nbsp;&nbsp; Thaioil Treasury Center Co. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.100(ff) | 01/15/31(oo) |  | 540 | 542322 |
|  |  |  |  |  | 1264212 |
| &nbsp;&nbsp; **Turkey 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Akbank TAS, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes(aa) | 7.875(ff) | 09/04/35 |  | 1000 | 1020680 |
| &nbsp;&nbsp; Eldorado Gold Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.250 | 09/01/29 |  | 865 | 870015 |
| &nbsp;&nbsp; GDZ Elektrik Dagitim A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.000 | 10/15/29 |  | 550 | 549313 |
| &nbsp;&nbsp; Limak Yenilenebilir Enerji A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.625 | 08/12/30 |  | 750 | 742500 |
| &nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 8.250 | 11/15/28 |  | 500 | 520000 |
| &nbsp;&nbsp; Sisecam UK PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 05/02/29 |  | 415 | 426591 |
| &nbsp;&nbsp; TAV Havalimanlari Holding A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.500 | 12/07/28 |  | 500 | 517500 |
| &nbsp;&nbsp; Turk Telekomunikasyon A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 7.375 | 05/20/29 |  | 1100 | 1145031 |
| &nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 7.650 | 01/24/32 |  | 1000 | 1061875 |
| &nbsp;&nbsp; Turkiye Sinai Kalkinma Bankasi A/S, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN(aa) | 9.375 | 10/19/28 |  | 1000 | 1092500 |
| &nbsp;&nbsp; WE Soda Investments Holding PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/06/28 |  | 300 | 309891 |
|  |  |  |  |  | 8255896 |
| &nbsp;&nbsp; **Ukraine 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; NAK Naftogaz Ukraine via Kondor Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.125 | 07/19/26 | EUR | 237 | 230686 |
| &nbsp;&nbsp; **United Kingdom 7.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Ardonagh Finco Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 6.875 | 02/15/31 | EUR | 1800 | 2185723 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 37

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United Kingdom (cont'd.)** | **Interest <br>Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Ardonagh Finco Ltd., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875% | 02/15/31 | EUR | 150 | $182194 |
| &nbsp;&nbsp; Bellis Acquisition Co. PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 8.000 | 07/01/31 | EUR | 2125 | 2399222 |
| &nbsp;&nbsp; Boots Group Finco LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.375 | 08/31/32 | GBP | 425 | 599998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.375 | 08/31/32 | EUR | 700 | 853837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.375 | 08/31/32 | GBP | 700 | 988233 |
| &nbsp;&nbsp; Brightstar Lottery PLC/Brightstar Global Solutions Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 01/15/33 |  | 590 | 585221 |
| &nbsp;&nbsp; Canary Wharf Group Investment Holdings PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 3.375 | 04/23/28 | GBP | 2675 | 3471719 |
| &nbsp;&nbsp; CD&R Firefly Bidco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 8.625 | 04/30/29 | GBP | 2150 | 3079856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.625 | 04/30/29 | GBP | 1800 | 2577561 |
| &nbsp;&nbsp; Connect Finco Sarl/Connect US Finco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 09/15/29 |  | 250 | 265125 |
| &nbsp;&nbsp; EG Global Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 11.000 | 11/30/28 | EUR | 5125 | 6545391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.000 | 11/30/28 | EUR | 600 | 766258 |
| &nbsp;&nbsp; INEOS Quattro Finance 2 PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 6.750 | 04/15/30 | EUR | 1725 | 1518211 |
| &nbsp;&nbsp; Jerrold Finco PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 7.875 | 04/15/30 | GBP | 2275 | 3195055 |
| &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.400 | 03/26/29 |  | 75 | 78685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 03/26/31 |  | 380 | 405830 |
| &nbsp;&nbsp; Motion Finco Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.375 | 06/15/30 | EUR | 1150 | 1187026 |
| &nbsp;&nbsp; TalkTalk Telecom Group Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 11.750% or PIK 11.750%^ | 11.750 | 03/01/28(d) | GBP | 2253 | 3 |
| &nbsp;&nbsp; Thames Water Utilities Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, EMTN(aa) | 4.375 | 01/18/33 | EUR | 1150 | 981470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, EMTN | 7.125 | 04/30/33 | GBP | 400 | 398420 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United Kingdom (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Virgin Media Secured Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 4.125% | 08/15/30 | GBP | 4450 | $5548745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 4.250 | 01/15/30 | GBP | 1445 | 1839134 |
|  |  |  |  |  | 39652917 |
| &nbsp;&nbsp; **United States 43.7%** |  |  |  |  |  |
| &nbsp;&nbsp; 1261229 BC Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.000 | 04/15/32 |  | 1070 | 1098087 |
| &nbsp;&nbsp; ACCO Brands Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.250 | 03/15/29 |  | 1000 | 926219 |
| &nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 11/06/30 |  | 370 | 383165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 8.250 | 02/01/29 |  | 2200 | 2281909 |
| &nbsp;&nbsp; AdaptHealth LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.625 | 08/01/29 |  | 750 | 725259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.125 | 03/01/30 |  | 775 | 752824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.125 | 08/01/28 |  | 505 | 506921 |
| &nbsp;&nbsp; Adtalem Global Education, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 03/01/28 |  | 325 | 324718 |
| &nbsp;&nbsp; AECOM, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 08/01/33 |  | 350 | 358390 |
| &nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 10/01/29 |  | 745 | 783728 |
| &nbsp;&nbsp; Albertson's Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 03/31/32 |  | 675 | 674274 |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 7.875 | 02/15/31 |  | 1230 | 1292394 |
| &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 06/15/30 |  | 745 | 773646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 06/01/29 |  | 400 | 396641 |
| &nbsp;&nbsp; Alta Equipment Group, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.000 | 06/01/29 |  | 250 | 238614 |
| &nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 5.750 | 04/20/29 |  | 500 | 504844 |
| &nbsp;&nbsp; American Axle & Manufacturing, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 10/15/33 |  | 490 | 503786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 10/15/32 |  | 280 | 285769 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 39

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.750% | 05/20/27 | 305 | $306980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/30 | 405 | 434279 |
| &nbsp;&nbsp; AMN Healthcare, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.000 | 04/15/29 | 1525 | 1458553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 01/15/31 | 350 | 355424 |
| &nbsp;&nbsp; Amsted Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 05/15/30 | 525 | 519439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.375 | 03/15/33 | 235 | 243127 |
| &nbsp;&nbsp; AmWINS Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 06/30/29 | 125 | 123280 |
| &nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/15/29 | 175 | 175268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 07/01/34 | 230 | 232271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 02/01/32 | 225 | 233823 |
| &nbsp;&nbsp; Archrock Services LP/Archrock Partners Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 02/01/34 | 300 | 299764 |
| &nbsp;&nbsp; Ardagh Group SA, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 5.500% and PIK 6.500% | 12.000 | 12/01/30 | 800 | 756000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 12/01/30 | 1851 | 1999567 |
| &nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.250 | 09/01/28 | 200 | 192270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/30/31 | 400 | 411000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 09/01/29 | 300 | 285000 |
| &nbsp;&nbsp; Arko Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 11/15/29 | 600 | 522456 |
| &nbsp;&nbsp; Arsenal AIC Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 10/01/30 | 300 | 318148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 11.500 | 10/01/31 | 580 | 639393 |
| &nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 07/15/33 | 505 | 522738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 11/01/27 | 568 | 699304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 10/15/32 | 340 | 352723 |
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 4.625 | 08/01/29 | 1425 | 1365208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 04/01/30 | 25 | 23706 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875% | 08/01/33 | 375 | $378355 |
| &nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 12/31/32 | 900 | 940878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.375 | 02/01/34 | 1425 | 1441140 |
| &nbsp;&nbsp; Avient Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 11/01/31 | 190 | 195301 |
| &nbsp;&nbsp; Axon Enterprise, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.125 | 03/15/30 | 75 | 77310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 03/15/33 | 315 | 326259 |
| &nbsp;&nbsp; Azorra Finance Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 01/15/31 | 410 | 428963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 04/15/30 | 390 | 410448 |
| &nbsp;&nbsp; B&G Foods, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 5.250 | 09/15/27 | 1370 | 1324273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.000 | 09/15/28 | 600 | 566404 |
| &nbsp;&nbsp; Beazer Homes USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875 | 10/15/27 | 75 | 74821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 7.250 | 10/15/29 | 1375 | 1391706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 03/15/31 | 495 | 503344 |
| &nbsp;&nbsp; BioMarin Pharmaceutical, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/15/34 | 485 | 486962 |
| &nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 07/15/29 | 150 | 155898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 07/15/32 | 65 | 68871 |
| &nbsp;&nbsp; Boyd Gaming Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/31 | 400 | 389831 |
| &nbsp;&nbsp; Brandywine Operating Partnership LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 01/15/31 | 320 | 310016 |
| &nbsp;&nbsp; Bread Financial Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 05/15/31 | 300 | 308684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 8.375(ff) | 06/15/35 | 310 | 318201 |
| &nbsp;&nbsp; Brinker International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.250 | 07/15/30 | 785 | 828406 |
| &nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 02/01/32 | 210 | 211439 |
| &nbsp;&nbsp; Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.625 | 10/15/29 | 1300 | 1248099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.500 | 02/15/32 | 740 | 757255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 7.000 | 02/15/30 | 925 | 955418 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 41

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.125% | 03/15/28 | 3025 | $3023689 |
| &nbsp;&nbsp; Camelot Return Merger Sub, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.750 | 08/01/28 | 600 | 465796 |
| &nbsp;&nbsp; Carnival Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 08/01/32 | 75 | 77138 |
| &nbsp;&nbsp; Carvana Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.000 | 06/01/30 | 1220 | 1272291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.000 | 06/01/31 | 1466 | 1613731 |
| &nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/01/29 | 460 | 454881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 05/01/32 | 125 | 112310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 4.250 | 02/01/31 | 150 | 137445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.250 | 01/15/34 | 475 | 401081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 4.750 | 03/01/30 | 1125 | 1075494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.000 | 02/01/28 | 1150 | 1143099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.125 | 05/01/27 | 800 | 800745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/01/33 | 975 | 984305 |
| &nbsp;&nbsp; Century Aluminum Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 08/01/32 | 320 | 331697 |
| &nbsp;&nbsp; Chart Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.500 | 01/01/31 | 545 | 573760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 01/01/30 | 195 | 203167 |
| &nbsp;&nbsp; CHS/Community Health Systems, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 05/15/30 | 275 | 259243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 01/15/29 | 275 | 274437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.750 | 01/15/34 | 285 | 297141 |
| &nbsp;&nbsp; Cipher Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 11/15/30 | 260 | 267862 |
| &nbsp;&nbsp; Clarios Global LP/Clarios US Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 09/15/32 | 110 | 113718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 02/15/30 | 380 | 396986 |
| &nbsp;&nbsp; Clarivate Science Holdings Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 07/01/29 | 475 | 407847 |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.750 | 04/15/30 | 640 | 656475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 11/01/29 | 460 | 478182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 03/15/32 | 295 | 302822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 05/01/33 | 390 | 406578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 09/15/31 | 50 | 52733 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Cleveland-Cliffs, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625% | 01/15/34 | 355 | $371750 |
| &nbsp;&nbsp; Clue Opco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.500 | 10/15/31 | 1687 | 1790276 |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/32 | 490 | 494167 |
| &nbsp;&nbsp; Coeur Mining, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 02/15/29 | 175 | 174638 |
| &nbsp;&nbsp; Columbus McKinnon Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 02/01/33 | 280 | 281444 |
| &nbsp;&nbsp; Commercial Metals Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 12/15/35 | 495 | 505774 |
| &nbsp;&nbsp; CompoSecure Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.625 | 02/01/33 | 430 | 428547 |
| &nbsp;&nbsp; Comstock Resources, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 01/15/30 | 550 | 536872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.750 | 03/01/29 | 825 | 829994 |
| &nbsp;&nbsp; Connect Holding II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 04/03/31 | 1150 | 1128204 |
| &nbsp;&nbsp; Constellation Energy Generation LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 02/01/31 | 250 | 253463 |
| &nbsp;&nbsp; CoreWeave, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 02/01/31 | 395 | 384133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 06/01/30 | 890 | 876303 |
| &nbsp;&nbsp; Cornerstone Building Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 01/15/29 | 585 | 257950 |
| &nbsp;&nbsp; Cornerstone Chemical Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%^(aa)(x) | 10.000 | 05/07/29 | 1201 | 1020804 |
| &nbsp;&nbsp; CP Atlas Buyer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.750 | 07/15/30 | 300 | 312050 |
| &nbsp;&nbsp; Crescent Energy Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 01/15/33 | 565 | 546228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 7.625 | 04/01/32 | 125 | 124089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 04/15/32 | 345 | 343236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 01/15/34 | 415 | 419968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.750 | 10/15/30 | 175 | 185907 |
| &nbsp;&nbsp; CSC Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.375 | 02/15/31 | 200 | 118880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 12/01/30 | 700 | 425462 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 43

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal <br>Amount<br>(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; CSC Holdings LLC, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.375% | 02/01/28 | 1725 | $1292569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.500 | 04/15/27 | 1300 | 1145815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 4.625 | 12/01/30 | 1750 | 651621 |
| &nbsp;&nbsp; DaVita, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 3.750 | 02/15/31 | 1770 | 1626526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.625 | 06/01/30 | 2425 | 2336374 |
| &nbsp;&nbsp; DCLI Bidco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Mortgage, 144A | 7.750 | 11/15/29 | 565 | 575397 |
| &nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.500 | 10/01/30 | 320 | 339424 |
| &nbsp;&nbsp; DISH DBS Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 5.125 | 06/01/29 | 150 | 132750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.375 | 07/01/28 | 415 | 398283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.750 | 07/01/26 | 2910 | 2853399 |
| &nbsp;&nbsp; DISH Network Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(x) | 11.750 | 11/15/27 | 725 | 749734 |
| &nbsp;&nbsp; Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375 | 03/01/31 | 450 | 401379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 10/15/30 | 265 | 273243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 02/15/28 | 450 | 436117 |
| &nbsp;&nbsp; Dream Finders Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 09/15/30 | 335 | 339095 |
| &nbsp;&nbsp; EchoStar Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa)(x) | 10.750 | 11/30/29 | 1500 | 1644187 |
| &nbsp;&nbsp; Encore Capital Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 04/15/31 | 605 | 610671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 04/01/29 | 500 | 525848 |
| &nbsp;&nbsp; Energizer Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 03/31/29 | 163 | 156590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 09/15/33 | 350 | 336092 |
| &nbsp;&nbsp; Entegris, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.750 | 04/15/29 | 225 | 224964 |
| &nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.750 | 01/15/30 | 950 | 897770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 01/15/29 | 175 | 169337 |
| &nbsp;&nbsp; Five Point Operating Co. LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 10/01/30 | 365 | 379461 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Flash Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250% | 12/31/30 | 380 | $381328 |
| &nbsp;&nbsp; Ford Motor Credit Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 2.700 | 08/10/26 | 1600 | 1586830 |
| &nbsp;&nbsp; Forestar Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.000 | 03/01/28 | 675 | 674394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.500 | 03/15/33 | 825 | 844819 |
| &nbsp;&nbsp; Fortress Intermediate 3, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 06/01/31 | 730 | 744702 |
| &nbsp;&nbsp; Freedom Mortgage Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/27 | 450 | 449982 |
| &nbsp;&nbsp; Freedom Mortgage Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 05/01/31 | 600 | 595928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.125 | 05/15/31 | 250 | 264860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 9.250 | 02/01/29 | 1085 | 1135697 |
| &nbsp;&nbsp; Frontier Communications Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 5.875 | 11/01/29 | 200 | 201800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.000 | 01/15/30 | 825 | 832746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.750 | 05/01/29 | 400 | 401774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.625 | 03/15/31 | 2025 | 2118945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 05/15/30 | 1000 | 1031234 |
| &nbsp;&nbsp; Gap, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 3.875 | 10/01/31 | 925 | 857009 |
| &nbsp;&nbsp; Garrett Motion Holdings, Inc./Garrett LX I Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 7.750 | 05/31/32 | 370 | 391659 |
| &nbsp;&nbsp; Gen Digital, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 04/01/33 | 470 | 472452 |
| &nbsp;&nbsp; GFL Environmental Holdings US, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/01/34 | 270 | 270624 |
| &nbsp;&nbsp; GFL Environmental, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 08/01/28 | 530 | 520486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.375 | 08/15/29 | 570 | 557887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 01/15/31 | 260 | 272111 |
| &nbsp;&nbsp; Global Partners LP/GLP Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 01/15/29 | 50 | 50669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 07/01/33 | 320 | 327891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 01/15/32 | 250 | 263479 |
| &nbsp;&nbsp; GrafTech Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.625 | 12/23/29 | 540 | 399604 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 45

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Gray Media, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.625% | 07/15/32 | 330 | $340119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 08/15/33 | 310 | 317351 |
| &nbsp;&nbsp; Greystar Real Estate Partners LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 09/01/30 | 200 | 210833 |
| &nbsp;&nbsp; Herc Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/15/31 | 420 | 422779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 03/15/34 | 155 | 155730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 06/15/30 | 300 | 314737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 06/15/33 | 525 | 555587 |
| &nbsp;&nbsp; Hertz Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 12.625 | 07/15/29 | 120 | 120830 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 02/01/29 | 275 | 275012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 04/15/30 | 435 | 428642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.000 | 02/01/31 | 920 | 888475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 04/15/32 | 565 | 542730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 02/15/35 | 300 | 290211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.375 | 11/01/33 | 248 | 257370 |
| &nbsp;&nbsp; Howard Hughes Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.125 | 02/01/29 | 1125 | 1088742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.375 | 02/01/31 | 675 | 639361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 08/01/28 | 475 | 474742 |
| &nbsp;&nbsp; Howard Midstream Energy Partners LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/34 | 365 | 374376 |
| &nbsp;&nbsp; Hunt Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 5.250 | 04/15/29 | 1250 | 1221429 |
| &nbsp;&nbsp; iHeartCommunications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 08/15/30 | 450 | 384416 |
| &nbsp;&nbsp; Inversion Escrow Issuer LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 08/01/32 | 505 | 500405 |
| &nbsp;&nbsp; ION Platform Finance US, Inc./ION Platform Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 05/01/28 | 280 | 261813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 05/01/28 | 380 | 359277 |
| &nbsp;&nbsp; Jacobs Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 300 | 296237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 225 | 221554 |
| &nbsp;&nbsp; JB Poindexter & Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 12/15/31 | 375 | 390499 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625% | 10/15/31 | 250 | $247777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 08/15/28 | 275 | 266581 |
| &nbsp;&nbsp; KB Home, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 06/15/31 | 325 | 306631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.800 | 11/15/29 | 975 | 970522 |
| &nbsp;&nbsp; Kodiak Gas Services LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 10/01/33 | 180 | 184264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 10/01/35 | 145 | 149784 |
| &nbsp;&nbsp; Kontoor Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.125 | 11/15/29 | 300 | 284586 |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.875 | 11/01/28(d) | 580 | 263900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 10/01/31(d) | 375 | 172148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 11/01/28(d) | 225 | 101843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.500 | 07/15/27(d) | 740 | 32168 |
| &nbsp;&nbsp; LBM Acquisition LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 01/15/29 | 450 | 416032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 06/15/31 | 515 | 542656 |
| &nbsp;&nbsp; LCM Investments Holdings II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 05/01/29 | 225 | 221726 |
| &nbsp;&nbsp; LD Holdings Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 04/01/28 | 150 | 142184 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 01/15/36 | 1875 | 1920396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.875 | 06/30/33 | 1140 | 1175069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 03/31/34 | 925 | 958588 |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 01/15/29 | 950 | 922991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.375 | 02/15/32 | 890 | 966901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.875 | 08/15/30 | 225 | 241544 |
| &nbsp;&nbsp; Light & Wonder International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 10/01/33 | 200 | 202769 |
| &nbsp;&nbsp; Lindblad Expeditions LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 09/15/30 | 560 | 584656 |
| &nbsp;&nbsp; Lithia Motors, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 10/01/30 | 115 | 115787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.875 | 06/01/29 | 475 | 459420 |
| &nbsp;&nbsp; Lsf12 Helix Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 02/01/33 | 360 | 361724 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 47

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; M/I Homes, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.950% | 02/01/28 |  | 625 | $623422 |
| &nbsp;&nbsp; Magnera Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 7.250 | 11/15/31 |  | 285 | 269999 |
| &nbsp;&nbsp; Matador Resources Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 04/15/32 |  | 50 | 50923 |
| &nbsp;&nbsp; Mavis Tire Express Services Topco Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 6.500 | 05/15/29 |  | 2000 | 1996764 |
| &nbsp;&nbsp; Maxim Crane Works Holdings Capital LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A(aa) | 11.500 | 09/01/28 |  | 1100 | 1171436 |
| &nbsp;&nbsp; McAfee Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 02/15/30 |  | 375 | 298555 |
| &nbsp;&nbsp; MGM Resorts International, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.750 | 10/15/28 |  | 1963 | 1958880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 09/15/29 |  | 475 | 485633 |
| &nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 4.875 | 05/01/29 |  | 725 | 712080 |
| &nbsp;&nbsp; Millrose Properties, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/32 |  | 585 | 591507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 08/01/30 |  | 390 | 398252 |
| &nbsp;&nbsp; Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/01/32 |  | 212 | 217951 |
| &nbsp;&nbsp; MIWD Holdco II LLC/MIWD Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/01/30 |  | 325 | 315330 |
| &nbsp;&nbsp; MKS, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250 | 02/15/34 | EUR | 900 | 1066730 |
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 12/31/30 |  | 803 | 688993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% and PIK 5.000% | 11.500 | 12/31/30 |  | 537 | 563976 |
| &nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 7.000 | 02/15/32 | EUR | 2090 | 2579301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 02/15/32 |  | 200 | 214210 |
| &nbsp;&nbsp; Nabors Industries, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625 | 11/15/32 |  | 600 | 610979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 08/15/31 |  | 595 | 605645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 9.125 | 01/31/30 |  | 670 | 707371 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Navient Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 4.875% | 03/15/28 |  | 330 | $323387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 03/15/27 |  | 975 | 968154 |
| &nbsp;&nbsp; NCL Corp. Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 03/01/30 |  | 500 | 511000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 09/15/33 |  | 280 | 280736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/01/32 |  | 650 | 666022 |
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 04/01/29 |  | 100 | 107135 |
| &nbsp;&nbsp; NCR Voyix Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/01/28 |  | 550 | 544283 |
| &nbsp;&nbsp; Neptune Bidco US, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 02/15/33 |  | 395 | 402312 |
| &nbsp;&nbsp; NESCO Holdings II, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 5.500 | 04/15/29 |  | 425 | 418911 |
| &nbsp;&nbsp; New Home Co., Inc. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 11/01/30 |  | 380 | 396264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/29 |  | 390 | 409878 |
| &nbsp;&nbsp; Newell Brands, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.625 | 05/15/32 |  | 285 | 279300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 06/01/28 |  | 325 | 340963 |
| &nbsp;&nbsp; NFE Financing LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, MTN | 12.000 | 11/15/29 |  | 605 | 213973 |
| &nbsp;&nbsp; Noble Finance II LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.000 | 04/15/30 |  | 465 | 484645 |
| &nbsp;&nbsp; Novelis Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 08/15/31 |  | 155 | 141903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 01/30/30 |  | 325 | 337098 |
| &nbsp;&nbsp; NRG Energy, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 02/15/31 |  | 200 | 187097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 3.875 | 02/15/32 |  | 600 | 561454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A(aa) | 10.250(ff) | 03/15/28(oo) |  | 750 | 824089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 01/15/34 |  | 660 | 664380 |
| &nbsp;&nbsp; Olympus Water US Holding Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 06/15/31 |  | 285 | 292172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 02/15/33 |  | 575 | 573202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.375 | 10/01/29 | EUR | 400 | 443273 |
| &nbsp;&nbsp; OneMain Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.875 | 09/15/28 |  | 450 | 437620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 11/15/29 |  | 605 | 603401 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 49

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; OneMain Finance Corp., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125% | 05/15/30 | 300 | $305678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.625 | 05/15/29 | 390 | 402675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/15/32 | 125 | 127759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 09/15/33 | 632 | 640018 |
| &nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.125 | 04/30/31 | 575 | 521987 |
| &nbsp;&nbsp; P&L Development LLC/PLD Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 9.000% and PIK 3.500% or Cash coupon 12.000% | 12.000 | 05/15/29 | 254 | 258949 |
| &nbsp;&nbsp; Park River Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.750 | 12/31/30 | 818 | 818503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 03/15/31 | 715 | 736132 |
| &nbsp;&nbsp; Patrick Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 11/01/32 | 470 | 481130 |
| &nbsp;&nbsp; Penn Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 01/15/27 | 250 | 249561 |
| &nbsp;&nbsp; PennyMac Financial Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.250 | 02/15/29 | 695 | 668278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 09/15/31 | 425 | 420421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 02/15/34 | 375 | 376091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 05/15/32 | 805 | 823899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 12/15/29 | 75 | 79014 |
| &nbsp;&nbsp; Perimeter Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/15/34 | 585 | 585297 |
| &nbsp;&nbsp; Permian Resources Operating LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/32 | 10 | 10473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/27 | 225 | 227250 |
| &nbsp;&nbsp; Phinia, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/29 | 200 | 207055 |
| &nbsp;&nbsp; PM General Purchaser LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.500 | 10/01/28 | 1375 | 1271105 |
| &nbsp;&nbsp; Post Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 04/15/30 | 100 | 97588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/01/33 | 295 | 297429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 03/15/36 | 750 | 750100 |
| &nbsp;&nbsp; PRA Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/01/29 | 150 | 137496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 02/01/28 | 425 | 429101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 01/31/30 | 445 | 447919 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Prairie Acquiror LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000% | 08/01/29 | 110 | $114166 |
| &nbsp;&nbsp; Prime Healthcare Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.375 | 09/01/29 | 780 | 812599 |
| &nbsp;&nbsp; Qnity Electronics, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 08/15/33 | 80 | 82612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 08/15/32 | 135 | 137461 |
| &nbsp;&nbsp; QXO Building Products, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/30/32 | 260 | 268161 |
| &nbsp;&nbsp; Radiate Holdco LLC/Radiate Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.000% and PIK 3.250%(x) | 9.250 | 03/25/30 | 1506 | 1070828 |
| &nbsp;&nbsp; Range Resources Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 02/15/30 | 150 | 147954 |
| &nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 02/15/29 | 200 | 197242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 04/01/32 | 465 | 481312 |
| &nbsp;&nbsp; Rithm Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 07/15/30 | 430 | 439612 |
| &nbsp;&nbsp; Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.625 | 02/01/33 | 865 | 880314 |
| &nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 10/15/30 | 480 | 487365 |
| &nbsp;&nbsp; Rocket Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 6.125 | 08/01/30 | 1825 | 1869107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 08/01/29 | 295 | 303330 |
| &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 3.875 | 03/01/31 | 1175 | 1102023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.000 | 10/15/33 | 650 | 595824 |
| &nbsp;&nbsp; Rockies Express Pipeline LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 03/15/33 | 320 | 337793 |
| &nbsp;&nbsp; Royal Caribbean Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/30/31 | 130 | 133427 |
| &nbsp;&nbsp; RXO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 11/15/27 | 85 | 86635 |
| &nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/01/32 | 520 | 539916 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 51

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games US FinCo, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625% | 03/01/30 | 675 | $616686 |
| &nbsp;&nbsp; Scotts Miracle-Gro Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.000 | 04/01/31 | 1625 | 1531698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375 | 02/01/32 | 475 | 448514 |
| &nbsp;&nbsp; Sensata Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.750 | 02/15/31 | 350 | 328363 |
| &nbsp;&nbsp; SESI LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 09/30/30 | 280 | 282169 |
| &nbsp;&nbsp; Shea Homes LP/Shea Homes Funding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 4.750 | 04/01/29 | 860 | 849142 |
| &nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 08/15/32 | 195 | 198927 |
| &nbsp;&nbsp; Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.125 | 02/15/33 | 615 | 636205 |
| &nbsp;&nbsp; SK Invictus Intermediate II Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 10/30/29 | 625 | 615900 |
| &nbsp;&nbsp; SM Energy Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 07/01/28 | 365 | 377423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 11/01/30 | 405 | 428576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.625 | 06/15/33 | 535 | 585024 |
| &nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 11/01/28 | 198 | 198733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.875 | 11/15/31 | 545 | 581509 |
| &nbsp;&nbsp; Snap, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 03/01/33 | 165 | 169283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 03/15/34 | 285 | 291115 |
| &nbsp;&nbsp; Solstice Advanced Materials, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/30/33 | 325 | 326738 |
| &nbsp;&nbsp; Standard Building Solutions, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 08/01/33 | 180 | 183971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 08/15/32 | 580 | 598195 |
| &nbsp;&nbsp; Standard Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 3.375 | 01/15/31 | 345 | 318339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.750 | 01/15/28 | 601 | 598218 |
| &nbsp;&nbsp; Star Leasing Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 7.625 | 02/15/30 | 770 | 736370 |
| &nbsp;&nbsp; Starwood Property Trust, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.625 | 07/15/26 | 300 | 298009 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Starwood Property Trust, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000% | 04/15/30 | 100 | $102799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 07/01/30 | 275 | 286146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 10/15/30 | 290 | 302286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 04/01/29 | 400 | 422109 |
| &nbsp;&nbsp; STL Holding Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 02/15/29 | 665 | 700121 |
| &nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.000 | 06/01/31 | 510 | 489951 |
| &nbsp;&nbsp; Sunoco LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 03/15/31 | 210 | 211276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 07/01/33 | 330 | 339273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500 | 10/01/29 | 1075 | 1054468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 08/15/32 | 265 | 273298 |
| &nbsp;&nbsp; Sunoco LP/Sunoco Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 4.500 | 05/15/29 | 525 | 516413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500 | 04/30/30 | 75 | 73272 |
| &nbsp;&nbsp; SWF Holdings I Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.500 | 10/06/29 | 1216 | 486277 |
| &nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.500 | 01/15/28 | 988 | 988065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 12/31/30 | 50 | 50741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/15/34 | 305 | 310409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 02/15/29 | 525 | 544098 |
| &nbsp;&nbsp; Taylor Morrison Communities, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 11/15/32 | 295 | 302700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 5.125 | 08/01/30 | 1150 | 1157152 |
| &nbsp;&nbsp; Tenet Healthcare Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 4.250 | 06/01/29 | 1830 | 1802199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(aa) | 4.375 | 01/15/30 | 1175 | 1155007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.875 | 11/15/31 | 450 | 492374 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.000 | 11/17/28 | 1700 | 1709434 |
| &nbsp;&nbsp; Terex Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 10/15/32 | 440 | 450554 |
| &nbsp;&nbsp; Tidewater, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 07/15/30 | 300 | 324448 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 53

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal <br>Amount<br>(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Titan International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.000% | 04/30/28 | 650 | $652539 |
| &nbsp;&nbsp; TopBuild Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 02/15/32 | 325 | 309304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 01/31/34 | 455 | 459639 |
| &nbsp;&nbsp; TransDigm, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 6.375 | 03/01/29 | 205 | 210901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 03/01/32 | 140 | 145016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 08/15/28 | 225 | 228985 |
| &nbsp;&nbsp; Transocean International Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 05/15/29 | 330 | 335775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 05/15/31 | 535 | 543972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 10/15/32 | 220 | 232052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 02/15/30 | 533 | 555131 |
| &nbsp;&nbsp; Tri Pointe Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 06/01/27 | 400 | 401519 |
| &nbsp;&nbsp; Trident TPI Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 12.750 | 12/31/28 | 1000 | 1004312 |
| &nbsp;&nbsp; TriMas Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.125 | 04/15/29 | 540 | 526361 |
| &nbsp;&nbsp; Tronox, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 03/15/29 | 150 | 115202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.125 | 09/30/30 | 135 | 133780 |
| &nbsp;&nbsp; United Airlines Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 03/01/31 | 480 | 484869 |
| &nbsp;&nbsp; United Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 4.375 | 04/15/26 | 1260 | 1259075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 4.625 | 04/15/29 | 236 | 235769 |
| &nbsp;&nbsp; United Rentals North America, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.875 | 02/15/31 | 27 | 25753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 11/15/33 | 585 | 584715 |
| &nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 06/15/32 | 1100 | 1108006 |
| &nbsp;&nbsp; Uniti Services LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 10/15/33 | 525 | 542478 |
| &nbsp;&nbsp; Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.000 | 08/15/28 | 445 | 459389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.375 | 08/01/32 | 490 | 527507 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; UWM Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250% | 03/15/31 | 345 | $342824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 02/01/30 | 80 | 80673 |
| &nbsp;&nbsp; Valaris Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.375 | 04/30/30 | 300 | 313173 |
| &nbsp;&nbsp; Valvoline, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.625 | 06/15/31 | 175 | 160909 |
| &nbsp;&nbsp; Velocity Vehicle Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 06/01/29 | 365 | 357646 |
| &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/15/30 | 580 | 594460 |
| &nbsp;&nbsp; Venture Global LNG, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A(aa) | 9.000(ff) | 09/30/29(oo) | 1015 | 893862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 01/15/30 | 340 | 342122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 06/01/28 | 100 | 102383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.500 | 02/01/29 | 630 | 671180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.875 | 02/01/32 | 800 | 846793 |
| &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.500 | 01/15/34 | 375 | 389455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.500 | 06/15/34 | 362 | 375172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 01/15/36 | 480 | 503287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 05/01/33 | 592 | 649055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 05/01/35 | 627 | 699294 |
| &nbsp;&nbsp; Veritiv Operating Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 11/30/30 | 610 | 653887 |
| &nbsp;&nbsp; Viking Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.875 | 10/15/33 | 265 | 268644 |
| &nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.625 | 02/15/29 | 200 | 199664 |
| &nbsp;&nbsp; Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A(aa) | 7.000(ff) | 12/15/26(oo) | 2000 | 2029514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A(aa) | 8.000(ff) | 10/15/26(oo) | 875 | 891047 |
| &nbsp;&nbsp; Vistra Operations Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.375 | 05/01/29 | 975 | 963498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.000 | 07/31/27 | 455 | 455296 |
| &nbsp;&nbsp; VoltaGrid LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A(aa) | 7.375 | 11/01/30 | 1275 | 1292048 |
| &nbsp;&nbsp; Voyager Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 9.250 | 07/01/32 | 1650 | 1754135 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 55

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; VT Topco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500% | 08/15/30 | 230 | $235506 |
| &nbsp;&nbsp; Warnermedia Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(aa) | 5.141 | 03/15/52 | 1905 | 1262783 |
| &nbsp;&nbsp; Waste Pro USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/01/33 | 465 | 480033 |
| &nbsp;&nbsp; Weatherford International Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 10/15/33 | 235 | 243298 |
| &nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 01/15/34 | 780 | 783965 |
| &nbsp;&nbsp; WESCO Distribution, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/15/29 | 140 | 144413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/15/33 | 65 | 67638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 03/15/32 | 315 | 329313 |
| &nbsp;&nbsp; WEX, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 03/15/33 | 305 | 311634 |
| &nbsp;&nbsp; Whirlpool Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.125 | 06/15/30 | 145 | 145518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.500 | 06/15/33 | 975 | 961739 |
| &nbsp;&nbsp; White Cap Supply Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 11/15/30 | 260 | 270092 |
| &nbsp;&nbsp; Windsor Holdings III LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.500 | 06/15/30 | 350 | 369128 |
| &nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(aa) | 8.250 | 10/01/31 | 880 | 922077 |
| &nbsp;&nbsp; Wolverine World Wide, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 4.000 | 08/15/29 | 1525 | 1423595 |
| &nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 5.125 | 10/01/29 | 710 | 713888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 03/15/33 | 445 | 453444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/15/31 | 335 | 361018 |
| &nbsp;&nbsp; XPO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 7.125 | 06/01/31 | 200 | 207833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/01/32 | 140 | 147158 |
| &nbsp;&nbsp; Zayo Group Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 03/09/30 | 590 | 575998 |
|  |  |  |  | 237530739 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Vietnam 0.1%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Mong Duong Finance Holdings BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A (aa) | 5.125% | 05/07/29 |  | 742 | $737158 |
| &nbsp;&nbsp; **Zambia 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; First Quantum Minerals Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 02/15/34 |  | 605 | 635637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.000 | 03/01/33 |  | 835 | 894769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A(aa) | 8.625 | 06/01/31 |  | 575 | 602905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.375 | 03/01/29 |  | 880 | 922900 |
|  |  |  |  |  | 3056211 |
| &nbsp;&nbsp; **TOTAL CORPORATE BONDS**<br> (cost $459,767,737) |  |  |  |  | 458614362 |
| &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 4.5%** |  |  |  |  |  |
| &nbsp;&nbsp; **Canada 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Kronos Acquisition Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Initial Loan, 3 Month SOFR + 4.000% | 7.672(c) | 07/08/31 |  | 196 | 135194 |
| &nbsp;&nbsp; **France 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Altice France SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New USD B-14 Term Loan, 1 Month SOFR + 6.875% | 10.547(c) | 05/31/31 |  | 1243 | 1259494 |
| &nbsp;&nbsp; **Jamaica 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 5.250% | 9.023(c) | 08/31/32 |  | 1090 | 1090970 |
| &nbsp;&nbsp; **Luxembourg 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; S4 Capital LUX Finance Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Facility B Loan, 1 Month EURIBOR + 3.750% | 5.704(c) | 08/09/28 | EUR | 1500 | 1620474 |
| &nbsp;&nbsp; **Netherlands 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Cuppa Bidco BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Facility B1 EUR, 6 Month EURIBOR + 4.750% | 6.874(c) | 06/29/29 | EUR | 475 | 410863 |
| &nbsp;&nbsp; International Park Holdings BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Facility B, 6 Month EURIBOR + 5.250%^ | 7.374(c) | 01/30/32 | EUR | 1025 | 1202834 |
|  |  |  |  |  | 1613697 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 57

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **United Kingdom 0.8%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Connect Finco Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 4 Term Loan, 1 Month SOFR + 4.500% | 8.172%(c) | 09/27/29 |  | 403 | $401502 |
| &nbsp;&nbsp; Doncasters US Finance LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 |  | 119 | 119993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 |  | 2437 | 2454874 |
| &nbsp;&nbsp; Hurricane CleanCo Ltd., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Facility A^ | 6.250 | 10/31/29 | GBP | 951 | 1367023 |
|  |  |  |  |  | 4343392 |
| &nbsp;&nbsp; **United States 2.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 7 Replacement U.S. Dollar Term Loan, 1 Month SOFR + 3.250% | 6.922(c) | 08/20/32 |  | 481 | 481159 |
| &nbsp;&nbsp; American Bath/CP Atlas Buyer, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term B Loan, 1 Month SOFR + 5.250% | 8.922(c) | 07/08/30 |  | 349 | 342233 |
| &nbsp;&nbsp; Bingo Holdings I LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 4.750% | 8.422(c) | 06/30/32 |  | 574 | 563766 |
| &nbsp;&nbsp; Clarios Global LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | 6.422(c) | 01/28/32 |  | 623 | 623631 |
| &nbsp;&nbsp; ClubCorp Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 5.000%^ | 8.672(c) | 07/10/32 |  | 561 | 553600 |
| &nbsp;&nbsp; Diamond Sports Net LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Lien Exit Term Loan | 15.000 | 01/02/28 |  | 228 | 61496 |
| &nbsp;&nbsp; Heritage Power LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 5.500%^ | 9.172(c) | 07/20/28 |  | 279 | 275195 |
| &nbsp;&nbsp; Hilcorp Energy I LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repriced Term Loan, 1 Month SOFR + 1.750% | 5.425(c) | 02/11/30 |  | 323 | 322562 |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Dollar Term Loan | 8.767 | 10/29/28 |  | 50 | 22672 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-4 Loan, 1 Month SOFR + 3.250% | 6.922(c) | 03/29/32 |  | 400 | 400100 |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.750% | 7.422(c) | 05/16/31 |  | 124 | 123621 |
| &nbsp;&nbsp; Magnera Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Term Loan, 3 Month SOFR + 4.250% | 8.072(c) | 11/04/31 |  | 229 | 226744 |
| &nbsp;&nbsp; McAfee Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refinancing Tranche B-1, 1 Month SOFR + 3.000% | 6.672(c) | 03/01/29 |  | 1892 | 1669606 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **United States (cont'd.)** | **Interest <br>Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Principal** <br> **Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Term Out Loan, 3 Month SOFR + 3.750% | 7.417%(c) | 12/31/30 | 342 | $340484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 3 Month SOFR + 4.862% | 8.528(c) | 12/31/30 | 431 | 395483 |
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.000% | 6.701(c) | 04/16/29 | 533 | 526000 |
| &nbsp;&nbsp; Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tranche B-3 Term Loan, 1 Month SOFR + 2.250% | 5.922(c) | 02/10/32 | 372 | 371908 |
| &nbsp;&nbsp; Radiate Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Closing Date Term Loan, 1 Month SOFR + 4.000% | 7.672(c) | 06/26/29 | 50 | 49875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 3 Month SOFR + 4.000% | 4.586(c) | 06/26/29 | 50 | 49875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term Loan, 1 Month SOFR + 3.500% | 8.786(c) | 09/25/29 | 3975 | 3408888 |
| &nbsp;&nbsp; Skillsoft Finance II, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 5.364% | 9.036(c) | 07/14/28 | 1001 | 632899 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term A Loan, 3 Month SOFR + 4.850% | 8.739(c) | 11/17/28 | 415 | 409849 |
| &nbsp;&nbsp; VCI Asset Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan | — (p) | 01/30/31 | 1325 | 1311750 |
| &nbsp;&nbsp; Venator Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial First Out Term Loan^ | 13.894 | 07/16/26(d) | 605 | 453527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan^ | 13.905 | 10/12/28(d) | 881 | 17624 |
| &nbsp;&nbsp; Venator Materials LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term B Loan^ | 14.002 | 07/16/26(d) | 608 | 456012 |
| &nbsp;&nbsp; Vista Management Holding, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 3.750% | 7.411(c) | 04/01/31 | 63 | 63579 |
|  |  |  |  | 14154138 |
|  **TOTAL FLOATING RATE AND OTHER LOANS**<br>(cost $25,629,073) |  |  |  | 24217359 |
| &nbsp;&nbsp; **SOVEREIGN BONDS 23.0%** |  |  |  |  |
| &nbsp;&nbsp; **Angola 0.7%** |  |  |  |  |
| &nbsp;&nbsp; Angolan Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.250 | 05/09/28 | 960 | 965319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.750 | 04/14/32 | 390 | 380285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.375 | 05/08/48 | 550 | 486495 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 59

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Angola (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Angolan Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.244% | 01/15/31 |  | 935 | $943471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 8.000 | 11/26/29 |  | 1015 | 995654 |
|  |  |  |  |  | 3771224 |
| &nbsp;&nbsp; **Argentina 4.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Argentine Republic Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.125 | 07/09/30 | EUR | 1194 | 1190827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.750(cc) | 07/09/30 |  | 4943 | 4191700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.000 | 07/09/29 |  | 1241 | 1094998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.000(cc) | 07/09/41 | EUR | 485 | 403001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.125(cc) | 07/09/35 |  | 4394 | 3409480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 01/09/38 |  | 13769 | 11084241 |
| &nbsp;&nbsp; Provincia de Buenos Aires, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 6.625(cc) | 09/01/37 |  | 1179 | 955391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.625(cc) | 09/01/37 |  | 1075 | 870368 |
| &nbsp;&nbsp; Provincia de Cordoba, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.750 | 07/02/32 |  | 540 | 564948 |
|  |  |  |  |  | 23764954 |
| &nbsp;&nbsp; **Bahrain 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Bahrain Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes (aa) | 6.750 | 09/20/29 |  | 770 | 788049 |
| &nbsp;&nbsp; **Brazil 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Brazilian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 3.875 | 06/12/30 |  | 1710 | 1636470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 5.625 | 01/07/41 |  | 1500 | 1393800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.125 | 01/22/32 |  | 1050 | 1082813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.625 | 03/15/35 |  | 1170 | 1205100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 7.125 | 05/13/54 |  | 780 | 778440 |
|  |  |  |  |  | 6096623 |
| &nbsp;&nbsp; **Colombia 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Colombia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 3.000 | 01/30/30 |  | 4610 | 4139780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 09/19/32 | EUR | 310 | 354019 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Colombia (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Colombia Government International Bond, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.125% | 01/18/41 | 2645 | $2343470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.375 | 09/18/37 | 780 | 797160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.500 | 02/02/34 | 430 | 449887 |
|  |  |  |  | 8084316 |
| &nbsp;&nbsp; **Costa Rica 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Costa Rica Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.550 | 04/03/34 | 520 | 562640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 7.300 | 11/13/54 | 800 | 891400 |
|  |  |  |  | 1454040 |
| &nbsp;&nbsp; **Dominican Republic 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Dominican Republic International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 01/30/30 | 2000 | 1954000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 09/23/32 | 860 | 823880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.850 | 01/27/45 | 800 | 831200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.450 | 04/30/44 | 2060 | 2270120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.875 | 01/30/60 | 855 | 760843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.050 | 02/03/31 | 320 | 343040 |
|  |  |  |  | 6983083 |
| &nbsp;&nbsp; **Ecuador 1.0%** |  |  |  |  |
| &nbsp;&nbsp; Ecuador Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000(cc) | 07/31/40 | 850 | 702100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.900(cc) | 07/31/35 | 260 | 237900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000(cc) | 07/31/40 | 901 | 744573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.900(cc) | 07/31/35 | 1829 | 1673371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 01/29/34 | 1400 | 1414672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 01/29/39 | 600 | 616500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.583(s) | 07/31/30 | 372 | 313206 |
|  |  |  |  | 5702322 |
| &nbsp;&nbsp; **Egypt 1.9%** |  |  |  |  |
| &nbsp;&nbsp; Egypt Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.500 | 01/31/47 | 605 | 584536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.700 | 03/01/49 | 1030 | 1007340 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 61

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Egypt (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Egypt Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.875% | 05/29/50 |  | 525 | $517976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 6.375 | 04/11/31 | EUR | 3195 | 3828852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 5.625 | 04/16/30 | EUR | 3360 | 3955394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 8.750 | 09/30/51 |  | 200 | 195400 |
|  |  |  |  |  | 10089498 |
| &nbsp;&nbsp; **El Salvador 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; El Salvador Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 8.250 | 04/10/32 |  | 1510 | 1621740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.250 | 04/17/30 |  | 1000 | 1085000 |
|  |  |  |  |  | 2706740 |
| &nbsp;&nbsp; **Gabon 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Gabon Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 02/06/31 |  | 400 | 338604 |
| &nbsp;&nbsp; **Ghana 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp; Ghana Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.500 | 01/03/37 |  | 490 | 271950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000(cc) | 07/03/29 |  | 1225 | 1198662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000(cc) | 07/03/35 |  | 950 | 864500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000(cc) | 07/03/29 |  | 701 | 685128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000(cc) | 07/03/35 |  | 1853 | 1686594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.959(s) | 01/03/30 |  | 183 | 160343 |
|  |  |  |  |  | 4867177 |
| &nbsp;&nbsp; **Guatemala 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Guatemala Government Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.375 | 06/05/27 |  | 590 | 586312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.900 | 06/01/30 |  | 450 | 448538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.125 | 06/01/50 |  | 300 | 294000 |
|  |  |  |  |  | 1328850 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Honduras 0.2%** | **Interest <br>Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Honduras Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.250% | 01/19/27 |  | 930 | $939300 |
| &nbsp;&nbsp; **Ivory Coast 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Ivory Coast Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 01/30/32 | EUR | 1285 | 1497479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.250 | 03/22/30 | EUR | 1360 | 1635753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.875 | 10/17/31 | EUR | 1690 | 2052070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.625 | 03/22/48 | EUR | 630 | 689379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 10/17/40 | EUR | 1585 | 1873496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.075 | 04/01/36 |  | 410 | 437470 |
|  |  |  |  |  | 8185647 |
| &nbsp;&nbsp; **Kenya 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of Kenya Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.500 | 03/05/36 |  | 600 | 641400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 03/05/36 |  | 245 | 261905 |
|  |  |  |  |  | 903305 |
| &nbsp;&nbsp; **Lebanon 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp; Lebanon Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.100 | 10/04/22(d) |  | 2000 | 577791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 6.250 | 05/27/22(d) |  | 2550 | 739500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 6.650 | 11/03/28(d) |  | 275 | 79536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, GMTN | 7.050 | 11/02/35(d) |  | 1105 | 321271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 15Y | 6.750 | 11/29/27(d) |  | 450 | 130161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 15Y | 7.000 | 03/23/32(d) |  | 2345 | 681363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 20Y | 7.250 | 03/23/37(d) |  | 2585 | 751089 |
|  |  |  |  |  | 3280711 |
| &nbsp;&nbsp; **Mongolia 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Mongolia Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.875 | 06/05/29 |  | 205 | 220119 |
| &nbsp;&nbsp; **Nigeria 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Nigeria Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.143 | 02/23/30 |  | 285 | 293257 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 63

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Nigeria (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Nigeria Government International Bond, (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.875% | 02/16/32 |  | 600 | $623400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 9.625 | 06/09/31 |  | 880 | 995500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.631 | 01/13/36 |  | 405 | 432718 |
|  |  |  |  |  | 2344875 |
| &nbsp;&nbsp; **Pakistan 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Pakistan Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 12/05/27 |  | 200 | 203249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 6.000 | 04/08/26 |  | 1070 | 1068930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, EMTN | 7.375 | 04/08/31 |  | 460 | 462990 |
|  |  |  |  |  | 1735169 |
| &nbsp;&nbsp; **Paraguay 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Paraguay Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.100 | 08/11/44 |  | 950 | 970900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 02/09/36 |  | 800 | 848800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.650 | 03/04/55 |  | 200 | 214400 |
|  |  |  |  |  | 2034100 |
| &nbsp;&nbsp; **Romania 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Romanian Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.125 | 01/17/33 |  | 2344 | 2558581 |
| &nbsp;&nbsp; **Senegal 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Senegal Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.375 | 06/08/37 | EUR | 1220 | 790475 |
| &nbsp;&nbsp; **Serbia 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Serbia International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 1.500 | 06/26/29 | EUR | 760 | 839220 |
| &nbsp;&nbsp; **South Africa 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; Republic of South Africa Government International Bond, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.100 | 11/19/36 |  | 550 | 583536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 7.950 | 11/19/54 |  | 2020 | 2117596 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **South Africa (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal <br>Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Republic of South Africa Government International Bond, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A(aa) | 7.950% | 11/19/54 | 1120 | $1174113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y | 7.300 | 04/20/52 | 200 | 197400 |
|  |  |  |  | 4072645 |
| &nbsp;&nbsp; **Sri Lanka 0.5%** |  |  |  |  |
| &nbsp;&nbsp; Sri Lanka Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.600(cc) | 06/15/35 | 161 | 131501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.600(cc) | 02/15/38 | 305 | 301721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.100(cc) | 01/15/30 | 185 | 183090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.350(cc) | 03/15/33 | 747 | 685107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.600(cc) | 06/15/35 | 860 | 702426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.600(cc) | 05/15/36 | 478 | 472463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.600(cc) | 02/15/38 | 322 | 318569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 04/15/28 | 174 | 169912 |
|  |  |  |  | 2964789 |
| &nbsp;&nbsp; **Turkey 2.5%** |  |  |  |  |
| &nbsp;&nbsp; Turkiye Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 6.800 | 11/04/36 | 2150 | 2138196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 7.125 | 07/17/32 | 1570 | 1633978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes(aa) | 9.125 | 07/13/30 | 1625 | 1841125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 06Y(aa) | 9.375 | 03/14/29 | 510 | 568650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y(aa) | 5.950 | 01/15/31 | 1660 | 1659967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y(aa) | 7.625 | 05/15/34 | 1195 | 1269640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 10Y(aa) | 9.375 | 01/19/33 | 1650 | 1916475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, Series 30Y(aa) | 5.750 | 05/11/47 | 2980 | 2394430 |
|  |  |  |  | 13422461 |
| &nbsp;&nbsp; **Ukraine 0.5%** |  |  |  |  |
| &nbsp;&nbsp; Ukraine Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.000(cc) | 02/01/34 | 145 | 70688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 0.000(cc) | 02/01/35 | 290 | 163560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500(cc) | 02/01/34 | 240 | 150720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 0.000(cc) | 02/01/30 | 172 | 108549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 0.000(cc) | 02/01/34 | 643 | 313386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000(cc) | 02/01/32 | 703 | 559203 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 65

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **SOVEREIGN BONDS (Continued)**<br>&nbsp;&nbsp; **Ukraine (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal <br>Amount<br>(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Ukraine Government International Bond, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500%(cc) | 02/01/34 | 950 | $596448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500(cc) | 02/01/35 | 610 | 376030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500(cc) | 02/01/36 | 515 | 312569 |
|  |  |  |  | 2651153 |
| &nbsp;&nbsp; **United Arab Emirates 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Finance Department Government of Sharjah,<br>Sr. Unsec'd. Notes, 144A | 6.500 | 11/23/32 | 950 | 999552 |
| &nbsp;&nbsp; **Zambia 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Zambia Government International Bond, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes | 5.750(cc) | 06/30/33 | 498 | 487261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 0.500 | 12/31/53 | 207 | 148754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 5.750(cc) | 06/30/33 | 757 | 739636 |
|  |  |  |  | 1375651 |
| &nbsp;&nbsp; **TOTAL SOVEREIGN BONDS**<br> (cost $118,199,661) |  |  |  | 125293233 |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS(k) 0.9%** |  |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.500 | 09/30/26 | 550 | 549613 |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.500 | 01/31/28 | 1000 | 999336 |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.750 | 06/30/27 | 1250 | 1253760 |
| &nbsp;&nbsp; U.S. Treasury Notes(aa)(h) | 4.250 | 11/30/26 | 1950 | 1960359 |
| &nbsp;&nbsp; **TOTAL U.S. TREASURY OBLIGATIONS**<br> (cost $4,742,361) |  |  |  | 4763068 |
|  |  |  | **Shares** |  |
| &nbsp;&nbsp; **COMMON STOCKS 1.9%** |  |  |  |  |
| &nbsp;&nbsp; **Canada 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Mitel Networks International Ltd.\*^ |  |  | 327 | 163 |
| &nbsp;&nbsp; **France 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Altice France SA\* |  |  | 18904 | 361327 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **COMMON STOCKS (Continued)**<br>&nbsp;&nbsp; **Jamaica 0.6%** | **Shares**<br>| **Value**<br>|
| &nbsp;&nbsp; Digicel International Finance Ltd.\*(x) | 171102 | $3122697 |
| &nbsp;&nbsp; **United States 1.3%** |  |  |
| &nbsp;&nbsp; Ardagh Packaging Finance PLC Equity, 144A\* | 59 | 413 |
| &nbsp;&nbsp; Cornerstone Chemical Co.\*^(x) | 50669 | 253345 |
| &nbsp;&nbsp; Diamond Sports Group LLC\*(x) | 30779 | 5786 |
| &nbsp;&nbsp; Expand Energy Corp. | 4885 | 549123 |
| &nbsp;&nbsp; Ferrellgas Partners LP (Class B Stock)\* | 10866 | 1942454 |
| &nbsp;&nbsp; GenOn Energy Holdings, Inc. (Class A Stock)\*^ | 14397 | 431910 |
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing - Participation on Account of |  |  |
| &nbsp;&nbsp; Backstop Shares & Exit Financing - Reserve Shares\* | 1652 | 119082 |
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing Participation Shares & |  |  |
| &nbsp;&nbsp; Backstop Shares\* | 37551 | 2706808 |
| &nbsp;&nbsp; Heritage Power LLC, Litigation Trust Interests\*^ | 43215 | 21607 |
| &nbsp;&nbsp; TPC Group, Inc.\* | 48777 | 894229 |
| &nbsp;&nbsp; Venator Materials PLC\*^(x) | 2352 |  |
|  |  | 6924757 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (cost $6,176,149) |  | 10408944 |
| &nbsp;&nbsp; **PREFERRED STOCKS 0.6%** |  |  |
| &nbsp;&nbsp; **Jamaica 0.0%** |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd.\*^(x) |  |  |
|  | 11188 | 140434 |
| &nbsp;&nbsp; **United States 0.6%** |  |  |
| &nbsp;&nbsp; Ferrellgas Escrow LLC<br>8.956%, Maturing 03/30/31^ | 923 | 1003763 |
| &nbsp;&nbsp; QXO, Inc.<br>4.750%, Maturing 12/31/79^ | 2020000 | 2020000 |
|  |  | 3023763 |
| &nbsp;&nbsp; **TOTAL PREFERRED STOCKS**<br> (cost $3,053,910) |  | 3164197 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 67

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **WARRANTS\* 0.0%**<br>&nbsp;&nbsp; **United States** | **Units** <br>| **Value**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diamond Sports Group LLC, expiring 06/30/26(x)<br> (cost $0) | 57566 | $1 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS 115.3%**<br> (cost $617,587,019) |  | 626479459 |
|  | **Shares** |  |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENT 1.8%** |  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUND** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<br> (cost $9,757,861)(wb) | 9757861 | 9757861 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS 117.1%**<br> (cost $627,344,880) |  | 636237320 |
| &nbsp;&nbsp; Liabilities in excess of other assets(z) (17.1)% |  | (92811442) |
| &nbsp;&nbsp; **NET ASSETS 100.0%** |  | $543425878 |

---

See the Glossary for a list of the abbreviation(s) used in the semiannual report.

\* 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 $11,794,190 and 2.2% of net assets.  |

---

(aa) Represents security, or a portion thereof, with aggregate value of $230,914,059 segregated as collateral for amount of
$100,000,000 borrowed and outstanding as of January 31, 2026.

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2026.

(cc) Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2026. 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.

(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.

(h) Represents security, or a portion thereof, segregated as collateral for OTC derivatives.

(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.

(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.

(r) Principal or notional amount is less than $500 par.

(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.

(wb) Represents an investment in a Fund affiliated with the Manager.

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

(x) The following represents restricted securities that are 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.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(x) Restricted Securities:**<br>**Issuer** | <br>**Acquisition**<br>**Date** | <br>**Original<br>Cost** | <br>**Market**<br>**Value** | <br>**Percentage<br>of**<br>**Net Assets** |
|  Cornerstone Chemical Co.\*^ | 12/06/23 | $962711 | $253345 | 0.1% |
|  Cornerstone Chemical Co. LLC,<br>Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%, 10.000%, 05/07/29^(aa) | 05/07/25-11/04/25 | 992107 | 1020804 | 0.2 |
|  Diamond Sports Group LLC\* | 01/02/25 | 80588 | 5786 | 0.0 |
|  Diamond Sports Group LLC, expiring 06/30/26\* | 01/02/25 |  | 1 | 0.0 |
|  Digicel Group Holdings Ltd. (Jamaica),<br>Sr. Sec'd. Notes, Series 1B14, 144A, 0.000%, 12/31/30 | 11/14/23 | 12 | 12 | 0.0 |
|  Digicel Group Holdings Ltd. (Jamaica),<br>Sr. Sec'd. Notes, Series 3B14, 144A, 0.000%, 12/31/30^ | 11/14/23 | 4 |  | 0.0 |
|  Digicel International Finance Ltd. (Jamaica)\*^ | 01/26/24-01/29/24 | 39680 | 140434 | 0.0 |
|  Digicel International Finance Ltd. (Jamaica)\* | 01/29/24-01/30/24 | 208462 | 3122697 | 0.6 |
|  Digicel International Finance Ltd./DIFL US LLC (Jamaica),<br>Sr. Sec'd. Notes, 144A, 8.625%, 08/01/32 | 07/30/25 | 1430000 | 1486943 | 0.3 |
|  DISH DBS Corp., Gtd. Notes, 5.125%, 06/01/29 | 05/10/21 | 150000 | 132750 | 0.0 |
|  DISH DBS Corp., Gtd. Notes, 7.375%, 07/01/28 | 06/24/20 | 415000 | 398283 | 0.1 |
|  DISH DBS Corp., Gtd. Notes, 7.750%, 07/01/26 | 03/08/19-11/14/24 | 2434875 | 2853399 | 0.5 |
|  DISH Network Corp.,<br>Sr. Sec'd. Notes, 144A, 11.750%, 11/15/27 | 01/17/23 | 739500 | 749734 | 0.1 |
|  EchoStar Corp.,<br>Sr. Sec'd. Notes, 10.750%, 11/30/29(aa) | 05/20/25-05/29/25 | 1518375 | 1644187 | 0.3 |
|  Radiate Holdco LLC/Radiate Finance, Inc.,<br>Sr. Sec'd. Notes, 144A, Cash coupon 6.000% and PIK 3.250%, 9.250%, 03/25/30 | 06/30/25-09/15/25 | 1197394 | 1070828 | 0.2 |
|  Venator Materials PLC\*^ | 03/08/19-10/19/23 | 2477338 |  | 0.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | $12646046 | $12879203 | 2.4% |

---

(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the
Schedule of Investments:

**Unfunded loan commitments outstanding at January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br>Amount<br>(000)#** | **Current<br>Value** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  ClubCorp Holdings, Inc., Delayed Draw Term Loan, 1.000%, Maturity Date 07/09/32 (cost $36,147)^ | 37 | $36195 | $48 | $— |
|  ClubCorp Holdings, Inc., Revolver Loan, 0.500%, Maturity Date 07/10/31 (cost $60,244)^ | 61 | 60325 | 81 |  |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 69

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Unfunded loan commitments outstanding at January 31, 2026 (continued):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br>Amount<br>(000)#** | **Current<br>Value** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  Doncasters US Finance LLC, 2025 Delayed Draw Term Loan, 1.500%, Maturity Date 04/01/30 (cost $180,000)^ | 180 | $181350 | $1350 | $— |
|  Radiate Holdco LLC, Delayed Draw Term Loan, 1.500%, Maturity Date 06/26/29 (cost $100,000) | 100 | 99750 |  | (250) |
|  |  | $377620 | $1479 | $(250) |

---

**Futures contracts outstanding at January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number<br>of<br>Contracts** | **Type** | **Expiration<br>Date** | **Current<br>Notional<br>Amount** | **Value /<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Positions:** | **Long Positions:** |  |  |  |
| 166 | 2 Year U.S. Treasury Notes | Mar. 2026 | $34609703 | $(35711) |
| 37 | 5 Year Euro-Bobl | Mar. 2026 | 5114276 | 3034 |
| 286 | 5 Year U.S. Treasury Notes | Mar. 2026 | 31153891 | (115643) |
| 15 | 10 Year Euro-Bund | Mar. 2026 | 2278895 | (13551) |
| 12 | 10 Year U.K. Gilt | Mar. 2026 | 1491775 | (7238) |
| 190 | 10 Year U.S. Treasury Notes | Mar. 2026 | 21247345 | (195202) |
| 60 | 20 Year U.S. Treasury Bonds | Mar. 2026 | 6907500 | (77089) |
| 25 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2026 | 2935938 | (55274) |
| 110 | Euro Schatz Index | Mar. 2026 | 13939183 | (4547) |
|  |  |  |  | (501221) |
|  **Short Positions:** | **Short Positions:** |  |  |  |
| 19 | 3 Month SONIA Index | Mar. 2026 | 6256250 | (1001) |
| 11 | 3 Month SONIA Index | Jun. 2026 | 3626743 | 1208 |
| 11 | 3 Month SONIA Index | Sep. 2026 | 3632576 | (767) |
| 11 | 3 Month SONIA Index | Dec. 2026 | 3635586 | (2273) |
| 11 | 3 Month SONIA Index | Mar. 2027 | 3635963 | (2461) |
| 8 | 3 Month SONIA Index | Jun. 2027 | 2643105 | (1516) |
| 8 | 3 Month SONIA Index | Sep. 2027 | 2641326 | (969) |
| 8 | 3 Month SONIA Index | Dec. 2027 | 2639410 | (285) |
| 8 | 3 Month SONIA Index | Mar. 2028 | 2637768 | 400 |
| 5 | 3 Month SONIA Index | Jun. 2028 | 1647750 | 464 |
| 5 | 3 Month SONIA Index | Sep. 2028 | 1646809 | 763 |
| 5 | 3 Month SONIA Index | Dec. 2028 | 1645954 | 934 |
| 5 | 3 Month SONIA Index | Mar. 2029 | 1645099 | 1019 |
| 8 | 3 Month SONIA Index | Jun. 2029 | 2630927 | 1836 |
| 8 | 3 Month SONIA Index | Sep. 2029 | 2629832 | 1905 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Futures contracts outstanding at January 31, 2026 (continued):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number<br>of<br>Contracts** | **Type** | **Expiration<br>Date** | **Current<br>Notional<br>Amount** | **Value /<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Short Positions (cont'd):** | **Short Positions (cont'd):** |  |  |  |
| 8 | 3 Month SONIA Index | Dec. 2029 | $2628737 | $1905 |
| 8 | 3 Month SONIA Index | Mar. 2030 | 2627506 | 1973 |
|  |  |  |  | 3135 |
|  |  |  |  | $(498086) |

---

**Forward foreign currency exchange contracts outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br>Contracts** | **Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Value at<br>Settlement<br>Date** | **Current**<br>**Value** | **Unrealized<br>Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | CITI | GBP | 20952 | $28597361 | $28669453 | $72092 | $— |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | BNP | EUR | 206 | 240217 | 244251 | 4034 |  |
| &nbsp;&nbsp; Expiring 02/03/26 | CITI | EUR | 90476 | 108006088 | 107265335 |  | (740753) |
| &nbsp;&nbsp; Expiring 02/03/26 | HSBC | EUR | 2000 | 2331217 | 2371144 | 39927 |  |
| &nbsp;&nbsp; Expiring 02/03/26 | HSBC | EUR | 397 | 462708 | 470684 | 7976 |  |
| &nbsp;&nbsp; Expiring 02/03/26 | SSB | EUR | 1270 | 1487508 | 1505676 | 18168 |  |
| &nbsp;&nbsp; Expiring 02/03/26 | UAG | EUR | 286 | 334585 | 338951 | 4366 |  |
|  |  |  |  | $141459684 | $140865494 | 146563 | (740753) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale<br>Contracts** | **Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Value at<br>Settlement<br>Date** | **Current<br>Value** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |  |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | BOA | GBP | 20638 | $27792072 | $28239978 | $— | $(447906) |
| &nbsp;&nbsp; Expiring 02/03/26 | MSI | GBP | 314 | 421479 | 429476 |  | (7997) |
| &nbsp;&nbsp; Expiring 02/03/26 | SSB | GBP | 407 | 553297 | 556299 |  | (3002) |
| &nbsp;&nbsp; Expiring 03/03/26 | CITI | GBP | 20952 | 28596378 | 28668659 |  | (72281) |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | CITI | EUR | 94635 | 110922194 | 112196040 |  | (1273846) |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 71

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Forward foreign currency exchange contracts outstanding at January 31, 2026 (continued):** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale**<br> **Contracts** | **Counterparty** | **Notional<br>Amount**<br> **(000)** | **Notional<br>Amount**<br> **(000)** | **Value at<br>Settlement<br>Date** | **Current**<br>**Value** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |  |  |  |  |  |
|  Euro (cont'd.), |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 03/03/26 | CITI | EUR | 90476 | $108148813 | $107404697 | $744116 | $— |
| &nbsp;&nbsp; Expiring 03/03/26 | GSI | EUR | 913 | 1087428 | 1083692 | 3736 |  |
|  |  |  |  | $277521661 | $278578841 | 747852 | (1805032) |
|  |  |  |  |  |  | $894415 | $(2545785) |

---

**Credit default swap agreement outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination<br>Date** | **Fixed<br>Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied Credit<br>Spread at<br>January 31,<br>2026(4)** | **Value at<br>Trade Date** | **Value at<br>January 31,<br>2026** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** |  |  |
|  CDX.NA.HY.45.V2 | 12/20/30 | 5.000 %(Q) | 8326 | 2.959% | $713477 | $742064 | $28587 |

---

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.

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

(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.

**<u>Summary of Collateral for Centrally Cleared/Exchange-traded Derivatives:</u>** 

Cash and securities segregated as collateral, including pending settlement for closed positions, to cover requirements for centrally cleared/exchange-traded derivatives are listed by broker as follows:

---

| | | |
|:---|:---|:---|
| **Broker** | **Cash and/or Foreign Currency** | **Securities Market Value** |
| CGM | $600000 | $2327532 |
| JPS | 142000 | 1370042 |
| **Total** | $742000 | $3697574 |

---

**<u>Fair Value Measurements:</u>** 

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.

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 January 31, 2026 in valuing such portfolio securities:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Asset-Backed Security |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cayman Islands | $— | $18295 | $— |
|  Corporate Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angola |  | 1638874 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina |  | 8106670 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia |  | 1571064 |  |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 73

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Corporate Bonds (continued)  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | $— | $12447208 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 19403416 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile |  | 534469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | 283700 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia |  | 7443566 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costa Rica |  | 515708 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Czech Republic |  | 2990416 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 14255997 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 3310232 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guatemala |  | 4452243 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 1787431 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 6110795 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland |  | 9013030 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel |  | 3842751 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 2555874 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 1486955 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 9508083 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 10853156 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macau |  | 1304398 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 15328253 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morocco |  | 474138 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 6181748 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria |  | 1481527 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakistan |  | 1999095 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panama |  | 337746 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru |  | 1783983 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia |  | 178438 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Serbia |  | 416457 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 6338776 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain |  | 7042004 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 716730 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 2191612 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thailand |  | 1264212 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey |  | 8255896 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ukraine |  | 230686 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 39652914 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 236509935 | 1020804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vietnam |  | 737158 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zambia |  | 3056211 |  |
|  Floating Rate and Other Loans |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  | 135194 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 1259494 |  |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Floating Rate and Other Loans (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica | $— | $1090970 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg |  | 1620474 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 410863 | 1202834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom |  | 401502 | 3941890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 12398180 | 1755958 |
|  Sovereign Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angola |  | 3771224 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina |  | 23764954 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bahrain |  | 788049 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil |  | 6096623 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia |  | 8084316 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costa Rica |  | 1454040 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominican Republic |  | 6983083 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecuador |  | 5702322 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt |  | 10089498 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; El Salvador |  | 2706740 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gabon |  | 338604 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ghana |  | 4867177 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guatemala |  | 1328850 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Honduras |  | 939300 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast |  | 8185647 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kenya |  | 903305 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lebanon |  | 3280711 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mongolia |  | 220119 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria |  | 2344875 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakistan |  | 1735169 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paraguay |  | 2034100 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romania |  | 2558581 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senegal |  | 790475 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Serbia |  | 839220 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa |  | 4072645 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sri Lanka |  | &nbsp;&nbsp;&nbsp;&nbsp;2964789 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey |  | 13422461 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ukraine |  | 2651153 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 999552 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zambia |  | 1375651 |  |
|  U.S. Treasury Obligations |  | 4763068 |  |
|  Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada |  |  | 163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 361327 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 3122697 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp;549123 | 5668772 | 706862 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 75

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  **Long-Term Investments (continued)** |  |  |  |
|  Preferred Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica | $— | $— | $140434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  |  | 3023763 |
|  Warrants |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States |  | 1 |  |
|  **Short-Term Investment** |  |  |  |
|  Affiliated Mutual Fund | 9757861 |  |  |
|  **Total** | $**10306984** | $**614137625** | $**11792711** |
|  **Other Financial Instruments\*** |  |  |  |
|  **Assets** |  |  |  |
|  Unfunded Loan Commitments | $— | $— | $1479 |
|  Futures Contracts | 15441 |  |  |
|  OTC Forward Foreign Currency Exchange Contracts |  | 894415 |  |
|  Centrally Cleared Credit Default Swap Agreement |  | 28587 |  |
|  **Total** | $**15441** | $**923002** | $**1479** |
|  **Liabilities** |  |  |  |
|  Unfunded Loan Commitment | $— | $(250) | $— |
|  Futures Contracts | (513527) |  |  |
|  OTC Forward Foreign Currency Exchange Contracts |  | (2545785) |  |
|  **Total** | $**(513527)** | $**(2546035)** | $**—** |

---

\* Other financial instruments are derivative instruments, with the exception of unfunded loan commitments, and are not reflected in the Schedule of Investments. Futures, forward foreign currency exchange contracts, centrally cleared swap contracts and unfunded loan commitments are recorded at net unrealized appreciation (depreciation), and OTC swap contracts are recorded at fair value. 

The following is a reconciliation of assets in which unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate<br>Bonds-<br>United Kingdom** | **Corporate<br>Bonds-<br>United States** | **Floating Rate and**<br>**Other Loans-<br>Jamaica** | **Floating Rate and<br>Other Loans-<br>Netherlands** | **Floating Rate and<br>Other Loans-<br>United Kingdom** |
|  **Balance as of 07/31/25** | $– $| 1088303 | $1326675 | $1159449 | $1373897 |
|  Realized gain (loss) | – | (6449994) | 2974 |  | 217 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate<br>Bonds-<br>United Kingdom** | **Corporate<br>Bonds-<br>United States** | **Floating Rate and<br>Other Loans-<br>Jamaica** | **Floating Rate and<br>Other Loans-<br>Netherlands** | **Floating Rate and<br>Other Loans-<br>United Kingdom** |
|  Change in unrealized appreciation (depreciation) | $(561506) | $6306560 | $1336 | $41989 | $61037 |
|  Purchase/Exchange/Issuances | 165622 | 55371 |  |  | 39310 |
|  Sales/Paydowns |  | (6) | (240600) |  | (13000) |
|  Accrued discount/premium | 114902 | 20570 | 585 | 1396 | 6939 |
|  Transfer into Level 3\* | 280985 |  |  |  | 2473490 |
|  Transfer out of Level 3\* |  |  | (1090970) |  |  |
|  **Balance as of 01/31/26** | $3 | $1020804 | $— | $1202834 | $3941890 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end. | $(561506) | $(143433) | $— | $41989 | $61037 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Floating Rate and<br>Other Loans-<br>United States** | **Common<br>Stocks-<br>Canada** | **Common<br>Stocks-<br>Luxembourg** | **Common<br>Stocks-<br>United States** | **Preferred<br>Stocks-<br>Jamaica** |
|  **Balance as of 07/31/25** | $2552991 | $3 | $4 | $1267029 | $132885 |
|  Realized gain (loss) | 20 |  | 23960 |  |  |
|  Change in unrealized appreciation (depreciation) | (865189) | 160 | (4) | (560167) | 7549 |
|  Purchase/Exchange/Issuances | 41569 |  |  |  |  |
|  Sales/Paydowns | (1405) |  | (23960) |  |  |
|  Accrued discount/premium | 27972 |  |  |  |  |
|  Transfer into Level 3\* |  |  |  |  |  |
|  Transfer out of Level 3\* |  |  |  |  |  |
|  **Balance as of 01/31/26** | $1755958 | $163 | $— | $706862 | $140434 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $(865189) | $160 | $— | $(136806) | $7549 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 77

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Preferred<br>Stocks-**<br>**United States** | **Unfunded<br>Loan<br>Commitments** |
|  **Balance as of 07/31/25** | $123000 | $652 |
|  Realized gain (loss) |  |  |
|  Change in unrealized appreciation (depreciation) | 10763 | 827 |
|  Purchase/Exchange/Issuances | 2890000 |  |
|  Sales/Paydowns |  |  |
|  Accrued discount/premium |  |  |
|  Transfer into Level 3\* |  |  |
|  Transfer out of Level 3\* |  |  |
|  **Balance as of 01/31/26** | $3023763 | $1479 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end. | $10763 | $827 |

---

\* It is the Fund's policy to recognize transfers in and transfers out at the securities' fair values as of the beginning of period. Securities transferred between Level 2 and Level 3 are due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are typically a result of a change from the use of methods used by independent pricing services (Level 2) to the use of a single broker quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market quotations (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market data provided by independent pricing services or other valuation techniques which utilize observable inputs. In accordance with the requirements of ASC 820, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to the Schedule of Investments of the Fund. 

Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by the Board, which contain unobservable inputs as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3**<br> **Securities\*\*** | **Fair Value as of<br>January 31,<br>2026** | **Valuation<br>Methodology** | **Unobservable<br>Inputs** | **Inputs<br> (Range)**  | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Corporate Bonds - United Kingdom | $3 | Market/Recovery<br>Value | Recovery Rate | 0.00% | Increase |
|  Corporate Bonds - United States | 1020804 | Market/Recovery<br>Value | Recovery Rate | 85.00% | Increase |
|  Floating Rate and Other Loans - Netherlands | 1202834 | Market/Enterprise<br>Value | EBITDA Multiple | 10.00x | Increase |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3**<br> **Securities\*\*** | **Fair Value<br>as of<br>January 31,<br>2026** | **Valuation <br> Methodology** | **Unobservable<br>Inputs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Inputs** <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Range)**  | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Floating Rate and Other Loans - United Kingdom | $1367023 | Market/Comparable<br>Bond | Adjusted Yield | 9.70% | Decrease |
|  Floating Rate and Other Loans - United States | 927163 | Market/Recovery<br>Value | Recovery Rate | 2.00% - 75.00% | Increase |
|  Floating Rate and Other Loans - United States | 553600 | Market/Enterprise<br>Value | EBITDA Multiple | 11.00x | Increase |
|  Common Stocks - United States | 21607 | Market/Enterprise<br>Value | Recovery Rate | 0.50% | Increase |
|  Common Stocks - United States | 253345 | Market/Recovery<br>Value | Recovery Rate | 5.00% | Increase |
|  Preferred Stocks - Jamaica | 140434 | Market/Enterprise<br>Value | Recovery Rate | 12.55% | Increase |
|  Preferred Stocks - United States | 3023763 | Market/Transaction<br>Based | Unadjusted<br>Price | NA | NA |
|  Unfunded Loan Commitments | 129 | Market/Enterprise<br>Value | EBITDA Multiple | 11.00x | Increase |
|  | $8510705 |  |  |  |  |

---

\*\* The table does not include Level 3 securities and/or derivatives that are valued by independent pricing vendors or brokers. As of January 31, 2026, the aggregate value of these securities and/or derivatives was $3,283,485. The unobservable inputs for these investments were not developed by the Fund and are not readily available (e.g. single broker quotes). 

**<u>Industry Classification:</u>** 

The industry classification of investments and liabilities in excess of other assets shown as a percentage of net assets as of January 31, 2026 were as follows:

---

| | |
|:---|:---|
|  Sovereign Bonds | 23.1 |
|  Telecommunications | 8.5 |
|  Oil & Gas | 7.9 |
|  Media | 5.5 |
|  Retail | 5.4 |
|  Diversified Financial Services | 4.4 |
|  Chemicals | 4.1 |
|  Electric | 3.8 |
|  Real Estate | 3.2 |
|  Entertainment | 3.1 |
|  Home Builders | 2.9 |

---

---

| | |
|:---|:---|
|  Pharmaceuticals | 2.8 |
|  Commercial Services | 2.8 |
|  Mining | 2.7 |
|  Healthcare-Services | 2.4 |
|  Foods | 2.3 |
|  Pipelines | 2.3 |
|  Auto Manufacturers | 2.2 |
|  Affiliated Mutual Fund | 1.8 |
|  Packaging & Containers | 1.7 |
|  Iron/Steel | 1.5 |
|  Real Estate Investment Trusts (REITs) | 1.4 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 79

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**<u>Industry Classification (continued):</u>** 

---

| | |
|:---|:---|
|  Auto Parts & Equipment | 1.4 |
|  Insurance | 1.4 |
|  Computers | 1.1 |
|  Banks | 1 |
|  Engineering & Construction | 1 |
|  Building Materials | 1 |
|  Leisure Time | 0.9 |
|  U.S. Treasury Obligations | 0.9 |
|  Airlines | 0.9 |
|  Miscellaneous Manufacturing | 0.8 |
|  Lodging | 0.8 |
|  Wireless Telecommunication Services | 0.6 |
|  Machinery-Diversified | 0.6 |
|  Oil, Gas & Consumable Fuels | 0.6 |
|  Housewares | 0.6 |
|  Electronic Equipment, Instruments & Components | 0.6 |
|  Investment Companies | 0.5 |
|  Aerospace & Defense | 0.5 |
|  Metal Fabricate/Hardware | 0.5 |
|  Forest Products & Paper | 0.4 |
|  Holding Companies-Diversified | 0.4 |
|  Environmental Control | 0.4 |
|  Transportation | 0.4 |
|  Gas Utilities | 0.4 |
|  Software | 0.3 |
|  Water | 0.3 |
|  Advertising | 0.3 |
|  Apparel | 0.3 |

---

---

| | |
|:---|:---|
|  Internet | 0.3% |
|  Household Products/Wares | 0.3 |
|  Oil & Gas Services | 0.3 |
|  Home Furnishings | 0.2 |
|  Semiconductors | 0.2 |
|  Electrical Components & Equipment | 0.2 |
|  Gas | 0.1 |
|  Distribution/Wholesale | 0.1 |
|  Beverages | 0.1 |
|  Coal | 0.1 |
|  Biotechnology | 0.1 |
|  Machinery-Construction & Mining | 0.1 |
|  Electric Utilities | 0.1 |
|  Electronics | 0.1 |
|  Energy-Alternate Sources | 0.1 |
|  Cosmetics/Personal Care | 0.0 \* |
|  Collateralized Loan Obligation | 0.0 \* |
|  Interactive Media & Services | 0.0 \* |
|  Containers & Packaging | 0.0 \* |
|  | 117.1 |
|  Liabilities in excess of other assets | (17.1) |
|  | 100.0% |

---

\* Less than 0.05% 

**<u>Effects of Derivative Instruments on the Financial Statements and Primary Underlying Risk Exposure:</u>** 

The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. See the Notes to Financial Statements for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund's financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of January 31, 2026 as presented in the Statement of Assets and Liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| <br>**Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br>**Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br>Value** |
|  Credit contracts | Due from/to broker-variation margin swaps | $28,587\* |  | $— |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| <br>**Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br>Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br>**Value** |
|  Foreign exchange contracts | Unrealized appreciation on OTC forward foreign currency exchange contracts | $894415 | Unrealized depreciation on OTC forward foreign currency exchange contracts | $2545785 |
|  Interest rate contracts | Due from/to broker-variation margin futures | 15,441\* | Due from/to broker-variation margin futures | 513,527\* |
|  |  | $938443 |  | $3059312 |

---

\* Includes cumulative appreciation (depreciation) as reported in the schedule of open futures and centrally cleared swap contracts. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

The effects of derivative instruments on the Statement of Operations for the six months ended January 31, 2026 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** |
| **Derivatives not accounted for as hedging**<br> **instruments, carried at fair value** | **Options<br>Written** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $21838 | $— | $— | $486744 |
|  Foreign exchange contracts |  |  | 1221083 |  |
|  Interest rate contracts |  | 1217119 |  | 547410 |
|  **Total** | $21838 | $1217119 | $1221083 | $1034154 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** |
| **Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $— | $— | $(48350) |
|  Foreign exchange contracts |  | (4606281) |  |
|  Interest rate contracts | (657826) |  | (256470) |
|  **Total** | $(657826) | $(4606281) | $(304820) |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 81

------

**PGIM Global High Yield Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

For the six months ended January 31, 2026, the Fund's average volume of derivative activities is as follows:

---

| | |
|:---|:---|
| **Derivative Contract Type** | **Average Volume of Derivative Activities\*** |
| &nbsp;&nbsp; Options Written (1) | $1080000 |
| &nbsp;&nbsp; Futures Contracts - Long Positions (1) | 115794154 |
| &nbsp;&nbsp; Futures Contracts - Short Positions (1) | 19572836 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Purchased (2) | 145034959 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Sold (2) | 281905512 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Sell Protection (1) | 15482967 |
| &nbsp;&nbsp; Total Return Swap Agreements (1) | 20200000 |

---

\* Average volume is based on average quarter end balances for the six months ended January 31, 2026.

(1) Notional Amount in USD.

(2) Value at Settlement Date.

**<u>Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:</u>** 

The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives where the legal right to set-off exists is presented in the summary below.

**Offsetting of OTC derivative assets and liabilities:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of<br>Recognized**<br>**Assets(1)** | **Gross Amounts of<br>Recognized**<br>**Liabilities(1)** | **Net Amounts of<br>Recognized**<br>**Assets/(Liabilities)** | **Collateral**<br>**Pledged/(Received)(2)** | **Net Amount** |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP | $4034 | $— | $4034 | $— | $4034 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BOA |  | (447906) | (447906) | 447906 |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CITI | 816208 | (2086880) | (1270672) | 1270672 |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSI | 3736 |  | 3736 |  | 3736 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC | 47903 |  | 47903 |  | 47903 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSI |  | (7997) | (7997) |  | (7997) |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SSB | 18168 | (3002) | 15166 |  | 15166 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UAG | 4366 |  | 4366 |  | 4366 |
|  | $894415 | $(2545785) | $(1651370) | $1718578 | $67208 |

---

(1) Includes unrealized appreciation/(depreciation) on swaps and forwards, premiums paid/(received) on swap agreements and
market value of purchased and written options, as represented on the Statement of Assets and Liabilities.

(2) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions and the
Fund's OTC derivative exposure by counterparty.

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Statement of Assets & Liabilities** (unaudited)

as of January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Assets** | |
| &nbsp;&nbsp; Investments at value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $617,587,019) | $626479459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $9,757,861) | 9757861 |
| &nbsp;&nbsp; Cash | 126111 |
| &nbsp;&nbsp; Foreign currency, at value (cost $10,477,729) | 10413138 |
| &nbsp;&nbsp; Cash segregated for counterparty - OTC | 1791000 |
| &nbsp;&nbsp; Dividends and interest receivable | 9948125 |
| &nbsp;&nbsp; Receivable for investments sold | 2514915 |
| &nbsp;&nbsp; Unrealized appreciation on OTC forward foreign currency exchange contracts | 894415 |
| &nbsp;&nbsp; Deposit with broker for centrally cleared/exchange-traded derivatives | 742000 |
| &nbsp;&nbsp; Due from broker—variation margin futures | 8609 |
| &nbsp;&nbsp; Tax reclaim receivable | 3784 |
| &nbsp;&nbsp; Unrealized appreciation on unfunded loan commitments | 1479 |
| &nbsp;&nbsp; Prepaid expenses and other assets | 161357 |
| &nbsp;&nbsp; **Total Assets** | 662842253 |
| &nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp; Loan payable | 100000000 |
| &nbsp;&nbsp; Payable for investments purchased | 15783063 |
| &nbsp;&nbsp; Unrealized depreciation on OTC forward foreign currency exchange contracts | 2545785 |
| &nbsp;&nbsp; Management fee payable | 462332 |
| &nbsp;&nbsp; Interest payable | 389750 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 165653 |
| &nbsp;&nbsp; Deferred directors' fees and directors' fees payable | 58804 |
| &nbsp;&nbsp; Due to broker—variation margin swaps | 10738 |
| &nbsp;&nbsp; Unrealized depreciation on unfunded loan commitments | 250 |
| &nbsp;&nbsp; **Total Liabilities** | 119416375 |
| &nbsp;&nbsp; **Net Assets** | $543425878 |
| &nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $40961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 738517665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (195132748) |
| &nbsp;&nbsp; **Net assets, January 31, 2026** | $543425878 |
| &nbsp;&nbsp; Net asset value and redemption price per share |  |
| &nbsp;&nbsp; ($543,425,878 ÷ 40,961,118 shares of common stock issued and outstanding) | $13.27 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 83

------

**PGIM Global High Yield Fund, Inc.** 

**Statement of Operations** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| **Net Investment Income (Loss)** | |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Interest income (net of $94 foreign withholding tax) | $23713374 |
| &nbsp;&nbsp; Affiliated dividend income | 158286 |
| &nbsp;&nbsp; Unaffiliated dividend income | 9965 |
| &nbsp;&nbsp; **Total income** | 23881625 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 2745939 |
| &nbsp;&nbsp; Interest expense | 2503676 |
| &nbsp;&nbsp; Professional fees | 51514 |
| &nbsp;&nbsp; Custodian and accounting fees | 44333 |
| &nbsp;&nbsp; Shareholders' reports | 38068 |
| &nbsp;&nbsp; Audit fee | 27368 |
| &nbsp;&nbsp; Transfer agent's fees and expenses | 10359 |
| &nbsp;&nbsp; Directors' fees | 5904 |
| &nbsp;&nbsp; Miscellaneous | 42477 |
| &nbsp;&nbsp; **Total expenses** | 5469638 |
| &nbsp;&nbsp; Net investment income (loss) | 18411987 |
| **Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions** |  |
| &nbsp;&nbsp; Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment transactions | (5209840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures transactions | 1217119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contract transactions | 1221083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written transactions | 21838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreement transactions | 1034154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | 1596836 |
|  | (118810) |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 16710368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | (657826) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (4606281) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreements | (304820) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | (53592) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unfunded loan commitments | (795) |
|  | 11087054 |
| &nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 10968244 |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $29380231 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Statements of Changes in Net Assets** (unaudited)

---

| | | |
|:---|:---|:---|
| <br>&nbsp;&nbsp; **Increase (Decrease) in Net Assets** | **Six Months Ended<br><u>January 31, 2026</u>**<br> | **Year Ended<br><u>July 31, 2025</u>**<br> |
| &nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp; Net investment income (loss) | $18411987 | $37808637 |
| &nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | (118810) | (28025932) |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | 11087054 | 46387304 |
| &nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 29380231 | 56170009 |
| &nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp; Distributions from distributable earnings | (25804708) | (35642453) |
| &nbsp;&nbsp; Tax return of capital distributions |  | (15930862) |
| &nbsp;&nbsp; Total dividends and distributions | (25804708) | (51573315) |
| &nbsp;&nbsp; **Fund share transactions** |  |  |
| &nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions [7,588 and 29,651 shares, respectively] | 100769 | 388886 |
| &nbsp;&nbsp; Total increase (decrease) | 3676292 | 4985580 |
| &nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp; Beginning of period | 539749586 | 534764006 |
| &nbsp;&nbsp; End of period | $543425878 | $539749586 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 85

------

**PGIM Global High Yield Fund, Inc.** 

**Statement of Cash Flows** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash Flows Provided By / (Used For) Operating Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | $29380231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Adjustments To Reconcile Net Increase (Decrease) In Net Assets Resulting From Operations To Net Cash Provided By / (Used For) Operating Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposition of long-term portfolio investments, net of amounts receivable | 204878925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of long-term portfolio investments, net of amounts payable | (186415506) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net proceeds (purchases) of short-term portfolio investments | (3961008) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for swap agreements | 985804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for options written | 21838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of premium and accretion of discount on portfolio investments | (2656458) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on investment transactions | 5209840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on futures transactions | (1217119) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on options written transactions | (21838) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on forward currency contract transactions | (1221083) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on swap agreement transactions | (1034154) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on foreign currency transactions | (1596836) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on investments | (16710368) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on futures | 657826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on forward currency contracts | 4606281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on swap agreements | 304820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on foreign currencies | 53592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on unfunded loan commitments | 795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Increase) Decrease In Assets:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and interest receivable | (282794) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | (144780) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) In Liabilities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management fee payable | 2371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest payable | (57250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other liabilities | 60509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred directors' fees and directors' fees payable | (1626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to broker - variation margin swaps | 4032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and Distributions payable | (100098) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total adjustments | 1365715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) operating activities | 30745946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash | 3323620 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash Flows Provided By (Used For) Financing Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 100769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid on distributions from distributable earnings | (25804708) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) financing activities | (25703939) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in cash and restricted cash, including foreign currency | 8365627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash at beginning of period, including foreign currency | $4715231 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash And Restricted Cash At End Of Period, Including Foreign Currency** | $13080858 |

---

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Statement of Cash Flows** (unaudited) (continued)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Supplemental Disclosure of Cash Flow Information and non-cash activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid during the period for interest expense | $57250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash purchases of investments | $2403236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash sales of investments | $1928269 |
| **Reconciliation Of Cash And Restricted Cash Reported With The Statement Of Assets And Liabilities To The Statement Of Cash Flows:** | **Reconciliation Of Cash And Restricted Cash Reported With The Statement Of Assets And Liabilities To The Statement Of Cash Flows:** |

---

---

| | |
|:---|:---|
|  | **January 31, 2026** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | 126111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency, at value | 10413138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Restricted cash: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash segregated for counterparty - OTC | 1791000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit with broker for centrally cleared/exchange-traded derivatives | 742000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from broker-variation margin futures | 8609 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Cash and Restricted Cash, Including Foreign Currency** | $13080858 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 87

------

**PGIM Global High Yield Fund, Inc.** 

**Financial Highlights** (unaudited)

Six Months Ended January 31, 2026

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** |
| | **Six Months<br>Ended**<br>**January 31, 2026** | **2025** | **2024** | **2023** | **2022** | **2021** |
| **Per Share Operating Performance<sup>(a)</sup>:** | **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |
| **Net Asset Value, Beginning of Period** | **Net Asset Value, Beginning of Period** |  |  |  |  |  |
| **Income (loss) from investment operations:** | $13.18 | $13.07 | $12.67 | $13.08 | $16.71 | $15.50 |
| Net investment income (loss) | 0.45 | 0.92 | 0.86 | 0.85 | 0.94 | 1.09 |
| Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.27 | 0.45 | 0.80 | - <sup>(b)</sup> | (3.31) | 1.38 |
| Total from investment operations | 0.72 | 1.37 | 1.66 | 0.85 | (2.37) | 2.47 |
| **Less Dividends and Distributions:** |  |  |  |  |  |  |
| Dividends from net investment income | (0.63) | (0.87) | (0.91) | (1.26) | (1.26) | (1.10) |
| Tax return of capital distributions | - | (0.39) | (0.35) | - | - | (0.16) |
| Total dividends and distributions | (0.63) | (1.26) | (1.26) | (1.26) | (1.26) | (1.26) |
| Net asset value, end of period | $13.27 | $13.18 | $13.07 | $12.67 | $13.08 | $16.71 |
| Market price, end of period | $12.86 | $13.11 | $12.40 | $11.38 | $11.98 | $15.59 |
| **Total Return<sup>(c)</sup>:** | 3.08% | 16.56% | 21.55% | 6.31% | (15.91)% | 28.97% |
| **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| Net assets, end of period (000) | $543426 | $539750 | $534764 | $518508 | $535081 | $683720 |
| Average net assets (000) | $540837 | $537006 | $518212 | $514641 | $623650 | $663605 |
| Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| Expenses after waivers and/or expense reimbursement<sup>(e)</sup> | 2.01 %<sup>(f)</sup> | 2.50% | 2.92% | 2.28% | 1.48% | 1.59% |
| Expenses before waivers and/or expense reimbursement<sup>(e)</sup> | 2.01 %<sup>(f)</sup> | 2.50% | 2.92% | 2.28% | 1.48% | 1.59% |
| Net investment income (loss) | 6.75 %<sup>(f)</sup> | 7.04% | 6.78% | 6.78% | 6.19% | 6.70% |
| Portfolio turnover rate<sup>(g)</sup> | 31% | 49% | 45% | 25% | 35% | 51% |
| Asset coverage | 643% | 640% | 469% | 458% | 701% | 375% |
| Total debt outstanding at period-end (000) | $100000 | $100000 | $145000 | $145000 | $89000 | $249000 |

---

(a) Calculated based on average shares outstanding during the period.

(b) Amount rounds to zero.

(c) Total return is calculated assuming a purchase of common stock at the current market price on the first day and a sale at
the closing market price on the last day for the period reported. Dividends are assumed, for the purpose of this calculation, to be reinvested at prices obtainable under the Fund's dividend reinvestment plan. This amount does not reflect
brokerage commissions or sales load. Total returns for periods less than one full year are not annualized.

(d) Does not include expenses of the underlying funds in which the Fund invests.

(e) Includes interest expense of 0.92%, 1.35%, 1.76%, 1.12%, 0.32%, and 0.33%, for the six months ended January 31, 2026
and years ended July 31, 2025, 2024, 2023, 2022, and 2021, respectively. Includes tax expense of 0.05%, for the year ended July 31, 2023.

(f) Annualized.

See Notes to Financial Statements.

------

**PGIM Global High Yield Fund, Inc.** 

**Financial Highlights** (unaudited) (continued)

Six Months Ended January 31, 2026

(g) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to
transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 89

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **LONG-TERM INVESTMENTS 99.1%**<br>&nbsp;&nbsp; **ASSET-BACKED SECURITIES 0.8%**<br>&nbsp;&nbsp; **Collateralized Loan Obligations** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; KKR CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 11, Class AR, 144A, 3 Month SOFR + 1.442%<br>(Cap N/A, Floor 1.442%) | 5.114%(c) | 01/15/31 | 141 | $141123 |
| &nbsp;&nbsp; Saratoga Investment Corp. CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-01A, Class A1R4, 144A, 3 Month SOFR + 1.300%<br>(Cap N/A, Floor 1.300%) | 4.968(c) | 04/20/33 | 548 | 548609 |
| &nbsp;&nbsp; TICP CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-07A, Class ASR2, 144A, 3 Month SOFR + 1.300%<br>(Cap N/A, Floor 1.300%) | 4.972(c) | 04/15/33 | 3238 | 3241829 |
| &nbsp;&nbsp; Voya CLO Ltd. (Cayman Islands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232%<br>(Cap N/A, Floor 0.970%) | 4.900(c) | 04/25/31 | 16 | 16465 |
| &nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES**<br>(cost $3,942,208) |  |  |  | 3948026 |
| &nbsp;&nbsp; **CORPORATE BONDS 84.1%** |  |  |  |  |
| &nbsp;&nbsp; **Advertising 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 06/01/29 | 600 | 594141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 04/15/28 | 150 | 150275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 02/15/31 | 50 | 52120 |
| &nbsp;&nbsp; Neptune Bidco US, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 02/15/33 | 340 | 346294 |
|  |  |  |  | 1142830 |
| &nbsp;&nbsp; **Aerospace & Defense 1.2%** |  |  |  |  |
| &nbsp;&nbsp; ATI, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.250 | 08/15/30 | 165 | 172957 |
| &nbsp;&nbsp; Boeing Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.196 | 02/04/26 | 350 | 350000 |
| &nbsp;&nbsp; Bombardier, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 02/15/28 | 600 | 600750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 06/15/33 | 585 | 614981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 06/01/32 | 215 | 225750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 07/01/31 | 355 | 376744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.450 | 05/01/34 | 300 | 336000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 02/01/29 | 420 | 435750 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Aerospace & Defense (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Bombardier, Inc. (Canada), (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750% | 11/15/30 | 415 | $444199 |
| &nbsp;&nbsp; TransDigm, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.625 | 01/15/29 | 225 | 223783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 05/31/33 | 715 | 728033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 01/15/33 | 230 | 234352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 03/01/29 | 580 | 596696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 03/01/32 | 225 | 233061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 08/15/28 | 235 | 239162 |
|  |  |  |  | 5812218 |
| &nbsp;&nbsp; **Airlines 1.3%** |  |  |  |  |
| &nbsp;&nbsp; American Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 02/15/28 | 385 | 392118 |
| &nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 04/20/26 | 88 | 87553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 04/20/29 | 1425 | 1438805 |
| &nbsp;&nbsp; United Airlines Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 03/01/31 | 415 | 419210 |
| &nbsp;&nbsp; United Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.375 | 04/15/26 | 965 | 964291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 04/15/29 | 630 | 629382 |
| &nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.375 | 02/01/30 | 525 | 498750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.875 | 05/01/27 | 830 | 831037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/28 | 795 | 819844 |
|  |  |  |  | 6080990 |
| &nbsp;&nbsp; **Apparel 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Kontoor Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 11/15/29 | 500 | 474310 |
| &nbsp;&nbsp; Wolverine World Wide, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 08/15/29 | 1750 | 1633633 |
|  |  |  |  | 2107943 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 91

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Auto Manufacturers 1.3%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Ford Motor Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.250% | 02/12/32 | 538 | $479172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 01/15/43 | 225 | 180343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.400 | 11/01/46 | 100 | 108042 |
| &nbsp;&nbsp; Ford Motor Credit Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.700 | 08/10/26 | 400 | 396708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.800 | 03/08/29 | 225 | 231240 |
| &nbsp;&nbsp; JB Poindexter & Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 12/15/31 | 365 | 380086 |
| &nbsp;&nbsp; New Flyer Holdings, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.250 | 07/01/30 | 310 | 333427 |
| &nbsp;&nbsp; Nissan Motor Acceptance Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 5.625 | 09/29/28 | 515 | 516746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 6.125 | 09/30/30 | 730 | 727996 |
| &nbsp;&nbsp; Nissan Motor Co. Ltd. (Japan), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 07/17/30 | 990 | 1038572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.750 | 07/17/32 | 715 | 754168 |
| &nbsp;&nbsp; PM General Purchaser LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/01/28 | 1255 | 1160172 |
|  |  |  |  | 6306672 |
| &nbsp;&nbsp; **Auto Parts & Equipment 1.1%** |  |  |  |  |
| &nbsp;&nbsp; Adient Global Holdings Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 04/15/28 | 450 | 459599 |
| &nbsp;&nbsp; American Axle & Manufacturing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 10/15/33 | 525 | 539771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 10/15/32 | 310 | 316387 |
| &nbsp;&nbsp; Clarios Global LP/Clarios US Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 09/15/32 | 540 | 558252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 02/15/30 | 235 | 245505 |
| &nbsp;&nbsp; Garrett Motion Holdings, Inc./Garrett LX I Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 05/31/32 | 435 | 460463 |
| &nbsp;&nbsp; Phinia, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 10/15/32 | 75 | 78126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/29 | 390 | 403757 |
| &nbsp;&nbsp; Qnity Electronics, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 08/15/33 | 90 | 92939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 08/15/32 | 150 | 152735 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 11/17/28 | 1075 | 1080965 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Auto Parts & Equipment (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Titan International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.000% | 04/30/28 | 670 | $672617 |
| &nbsp;&nbsp; ZF North America Capital, Inc. (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 03/24/31 | 265 | 271625 |
|  |  |  |  | 5332741 |
| &nbsp;&nbsp; **Banks 1.0%** |  |  |  |  |
| &nbsp;&nbsp; Bank of America Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.250(ff) | 07/26/30(oo) | 485 | 492934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.625(ff) | 05/01/30(oo) | 75 | 77894 |
| &nbsp;&nbsp; Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.625(ff) | 02/15/31(oo) | 45 | 45784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series EE | 6.750(ff) | 02/15/30(oo) | 260 | 264693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series FF | 6.950(ff) | 02/15/30(oo) | 165 | 169346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series GG | 6.875(ff) | 08/15/30(oo) | 277 | 283057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, Series X | 3.875(ff) | 02/18/26(oo) | 1000 | 998755 |
| &nbsp;&nbsp; Freedom Mortgage Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/27 | 850 | 849966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 12.250 | 10/01/30 | 250 | 275147 |
| &nbsp;&nbsp; Goldman Sachs Group, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.850(ff) | 02/10/30(oo) | 290 | 301142 |
| &nbsp;&nbsp; Intesa Sanpaolo SpA (Italy), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 600 | 575214 |
| &nbsp;&nbsp; Wells Fargo & Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.850(ff) | 09/15/29(oo) | 200 | 209036 |
|  |  |  |  | 4542968 |
| &nbsp;&nbsp; **Biotechnology 0.1%** |  |  |  |  |
| &nbsp;&nbsp; BioMarin Pharmaceutical, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/15/34 | 415 | 416679 |
| &nbsp;&nbsp; **Building Materials 1.2%** |  |  |  |  |
| &nbsp;&nbsp; Builders FirstSource, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 03/01/30 | 115 | 114559 |
| &nbsp;&nbsp; Camelot Return Merger Sub, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 08/01/28 | 500 | 388163 |
| &nbsp;&nbsp; Cornerstone Building Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 01/15/29 | 775 | 341729 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 93

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Building Materials (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; CP Atlas Buyer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.750% | 07/15/30 | 250 | $260041 |
| &nbsp;&nbsp; Griffon Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.750 | 03/01/28 | 330 | 329838 |
| &nbsp;&nbsp; Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/01/32 | 133 | 136733 |
| &nbsp;&nbsp; MIWD Holdco II LLC/MIWD Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/01/30 | 377 | 365782 |
| &nbsp;&nbsp; Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 03/01/32 | 700 | 726017 |
| &nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 11/01/28 | 343 | 344270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.875 | 11/15/31 | 450 | 480145 |
| &nbsp;&nbsp; Standard Building Solutions, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 08/01/33 | 615 | 628567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 08/15/32 | 235 | 242372 |
| &nbsp;&nbsp; Standard Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.375 | 01/15/31 | 275 | 253749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375 | 07/15/30 | 725 | 700144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.750 | 01/15/28 | 500 | 497686 |
|  |  |  |  | 5809795 |
| &nbsp;&nbsp; **Chemicals 1.7%** |  |  |  |  |
| &nbsp;&nbsp; Ashland, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 05/15/43 | 1550 | 1633499 |
| &nbsp;&nbsp; Cornerstone Chemical Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%^(x) | 10.000 | 05/07/29 | 1039 | 883433 |
| &nbsp;&nbsp; Inversion Escrow Issuer LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 08/01/32 | 455 | 450860 |
| &nbsp;&nbsp; Methanex US Operations, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 03/15/32 | 205 | 211429 |
| &nbsp;&nbsp; Olympus Water US Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.250 | 10/01/28 | 425 | 411770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 06/15/31 | 820 | 840634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 02/15/33 | 700 | 697811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 10/01/29 | 1000 | 982592 |
| &nbsp;&nbsp; Perimeter Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/15/34 | 510 | 510259 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Chemicals (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; SK Invictus Intermediate II Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000% | 10/30/29 | 495 | $487793 |
| &nbsp;&nbsp; SNF Group SACA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.375 | 03/15/30 | 250 | 234555 |
| &nbsp;&nbsp; Solstice Advanced Materials, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/30/33 | 280 | 281497 |
| &nbsp;&nbsp; Tronox, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 03/15/29 | 340 | 261124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.125 | 09/30/30 | 115 | 113961 |
|  |  |  |  | 8001217 |
| &nbsp;&nbsp; **Coal 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Coronado Finance Pty Ltd. (Australia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 10/01/29 | 505 | 477225 |
| &nbsp;&nbsp; **Commercial Services 4.1%** |  |  |  |  |
| &nbsp;&nbsp; Adtalem Global Education, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 03/01/28 | 409 | 408645 |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 02/15/31 | 1135 | 1192575 |
| &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 06/15/30 | 625 | 649032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 06/01/29 | 475 | 471011 |
| &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 06/01/28 | 1210 | 1191523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 06/01/28 | 665 | 656980 |
| &nbsp;&nbsp; Alta Equipment Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.000 | 06/01/29 | 360 | 343604 |
| &nbsp;&nbsp; AMN Healthcare, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 04/15/29 | 1025 | 980339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 01/15/31 | 325 | 330037 |
| &nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 04/01/28 | 995 | 973402 |
| &nbsp;&nbsp; Block, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 08/15/30 | 435 | 442769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 08/15/33 | 335 | 341910 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 95

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Commercial Services (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Clarivate Science Holdings Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875% | 07/01/29 | 410 | $352037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 07/01/28 | 250 | 235995 |
| &nbsp;&nbsp; DCLI Bidco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Mortgage, 144A | 7.750 | 11/15/29 | 395 | 402269 |
| &nbsp;&nbsp; Herc Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/15/31 | 355 | 357349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 03/15/34 | 130 | 130612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 06/15/29 | 240 | 248375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 06/15/30 | 915 | 959949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 06/15/33 | 460 | 486800 |
| &nbsp;&nbsp; Hertz Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 12/01/26 | 61 | 57655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 12.625 | 07/15/29 | 150 | 151037 |
| &nbsp;&nbsp; Mavis Tire Express Services Topco Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 05/15/29 | 1686 | 1683272 |
| &nbsp;&nbsp; NESCO Holdings II, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 5.500 | 04/15/29 | 545 | 537191 |
| &nbsp;&nbsp; Service Corp. International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.375 | 08/15/30 | 557 | 521432 |
| &nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 08/15/32 | 425 | 433559 |
| &nbsp;&nbsp; United Rentals North America, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.750 | 01/15/32 | 450 | 420576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 07/15/30 | 125 | 120855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.875 | 01/15/28 | 1740 | 1740146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 11/15/33 | 405 | 404803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 3.875 | 11/15/27 | 460 | 456010 |
| &nbsp;&nbsp; Valvoline, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.625 | 06/15/31 | 250 | 229870 |
| &nbsp;&nbsp; Veritiv Operating Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 11/30/30 | 605 | 648527 |
| &nbsp;&nbsp; VT Topco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 08/15/30 | 250 | 255985 |
| &nbsp;&nbsp; WEX, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 03/15/33 | 340 | 347395 |
|  |  |  |  | 19163526 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Computers 0.8%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Fortress Intermediate 3, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500% | 06/01/31 | 775 | $790608 |
| &nbsp;&nbsp; McAfee Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 02/15/30 | 1580 | 1257912 |
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 04/01/29 | 550 | 589240 |
| &nbsp;&nbsp; NCR Voyix Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/01/28 | 700 | 692723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 04/15/29 | 124 | 122510 |
| &nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 07/15/30 | 235 | 242266 |
|  |  |  |  | 3695259 |
| &nbsp;&nbsp; **Cosmetics/Personal Care 0.1%** |  |  |  |  |
| &nbsp;&nbsp; P&L Development LLC/PLD Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 9.000% and PIK 3.500% or Cash coupon 12.000% | 12.000 | 05/15/29 | 289 | 294478 |
| &nbsp;&nbsp; **Distribution/Wholesale 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Velocity Vehicle Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 06/01/29 | 290 | 284157 |
| &nbsp;&nbsp; Windsor Holdings III LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 06/15/30 | 475 | 500959 |
|  |  |  |  | 785116 |
| &nbsp;&nbsp; **Diversified Financial Services 5.1%** |  |  |  |  |
| &nbsp;&nbsp; Azorra Finance Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 01/15/31 | 355 | 371419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 04/15/30 | 315 | 331515 |
| &nbsp;&nbsp; Bread Financial Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 05/15/31 | 255 | 262382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A | 8.375(ff) | 06/15/35 | 300 | 307937 |
| &nbsp;&nbsp; Encore Capital Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 04/15/31 | 545 | 550109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 05/15/30 | 400 | 428922 |
| &nbsp;&nbsp; Freedom Funding Center LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, Cash coupon 12.000% or PIK 13.000% | 12.000 | 10/01/37 | 435 | 466795 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 97

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Diversified Financial Services (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Freedom Mortgage Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875% | 05/01/31 | 855 | $849198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.125 | 05/15/31 | 340 | 360209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 02/01/29 | 350 | 366354 |
| &nbsp;&nbsp; GGAM Finance Ltd. (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 02/15/27 | 225 | 228442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.875 | 03/15/30 | 340 | 345525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 06/15/28 | 450 | 473625 |
| &nbsp;&nbsp; goeasy Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 05/15/30 | 470 | 446803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 02/15/31 | 705 | 660944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 12/01/28 | 105 | 107887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 10/01/30 | 690 | 663952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.625 | 07/01/29 | 265 | 261952 |
| &nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 10/15/31 | 200 | 198221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 08/15/28 | 325 | 315051 |
| &nbsp;&nbsp; LD Holdings Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 04/01/28 | 125 | 118487 |
| &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd. (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.400 | 03/26/29 | 75 | 78685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 03/26/31 | 405 | 432530 |
| &nbsp;&nbsp; Navient Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 03/15/28 | 200 | 195992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 03/15/27 | 1725 | 1712888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.750 | 06/15/26 | 250 | 251048 |
| &nbsp;&nbsp; Nomura Holdings, Inc. (Japan), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 7.000(ff) | 07/15/30(oo) | 205 | 212051 |
| &nbsp;&nbsp; OneMain Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.875 | 09/15/28 | 375 | 364683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 11/15/29 | 1135 | 1132001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 05/15/30 | 265 | 270015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.625 | 05/15/29 | 225 | 232313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/15/32 | 625 | 638794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 09/15/33 | 513 | 519508 |
| &nbsp;&nbsp; PennyMac Financial Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250 | 02/15/29 | 825 | 793280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 09/15/31 | 200 | 197845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 02/15/34 | 315 | 315916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 05/15/32 | 1050 | 1074651 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Diversified Financial Services (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; PennyMac Financial Services, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875% | 02/15/33 | 185 | $188700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 12/15/29 | 50 | 52676 |
| &nbsp;&nbsp; PRA Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/01/29 | 150 | 137496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 01/31/30 | 1025 | 1031724 |
| &nbsp;&nbsp; Rocket Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 08/01/30 | 2215 | 2268533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 08/01/29 | 300 | 308471 |
| &nbsp;&nbsp; Rocket Mortgage LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/15/28 | 451 | 441488 |
| &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 03/01/29 | 275 | 264873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 03/01/31 | 1225 | 1148918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 10/15/33 | 1100 | 1008318 |
| &nbsp;&nbsp; United Wholesale Mortgage LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 06/15/27 | 150 | 150235 |
| &nbsp;&nbsp; UWM Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 03/15/31 | 280 | 278234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 02/01/30 | 240 | 242018 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24059613 |
| &nbsp;&nbsp; **Electric 4.2%** |  |  |  |  |
| &nbsp;&nbsp; Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 03/15/28 | 2774 | 2772798 |
| &nbsp;&nbsp; Constellation Energy Generation LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 02/01/29 | 1636 | 1636383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 02/01/31 | 800 | 811080 |
| &nbsp;&nbsp; Edison International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 8.125(ff) | 06/15/53 | 75 | 77744 |
| &nbsp;&nbsp; Hawaiian Electric Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 10/01/33 | 140 | 142019 |
| &nbsp;&nbsp; Keystone Power Pass-Through |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Holders LLC/Conemaugh Power Pass-Through Holders, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub. Notes, 144A, Cash coupon 1.000% and PIK 12.000% | 13.000 | 06/01/28 | 125 | 117840 |
| &nbsp;&nbsp; NRG Energy, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.750 | 01/15/28 | 1500 | 1500835 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 99

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Electric (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; NRG Energy, Inc., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.375% | 02/15/29 |  | 125 | $119824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 02/15/31 |  | 1200 | 1122580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 02/15/32 |  | 475 | 444484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 06/15/29 |  | 500 | 501411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) |  | 625 | 686741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 01/15/34 |  | 305 | 307024 |
| &nbsp;&nbsp; PG&E Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 7.375(ff) | 03/15/55 |  | 400 | 412608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.000 | 07/01/28 |  | 375 | 374131 |
| &nbsp;&nbsp; Vistra Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) |  | 2975 | 3018903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) |  | 375 | 381877 |
| &nbsp;&nbsp; Vistra Operations Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 07/31/27 |  | 375 | 375244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 02/15/27 |  | 3550 | 3551241 |
| &nbsp;&nbsp; VoltaGrid LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 7.375 | 11/01/30 |  | 1470 | 1489655 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19844422 |
| &nbsp;&nbsp; **Electrical Components & Equipment 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp; Energizer Gamma Acquisition BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.500 | 06/30/29 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | 115866 |
| &nbsp;&nbsp; Energizer Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 03/31/29 |  | 50 | 48034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 09/15/33 |  | 850 | 816223 |
| &nbsp;&nbsp; WESCO Distribution, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/15/29 |  | 360 | 371348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/15/33 |  | 205 | 213320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 03/15/32 |  | 310 | 324086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 06/15/28 |  | 430 | 435428 |
|  |  |  |  |  | 2324305 |
| &nbsp;&nbsp; **Electronics 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Coherent Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 12/15/29 |  | 210 | 209275 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Electronics (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Sensata Technologies BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000% | 04/15/29 | 200 | $195099 |
| &nbsp;&nbsp; Sensata Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.750 | 02/15/31 | 300 | 281454 |
|  |  |  |  | 685828 |
| &nbsp;&nbsp; **Engineering & Construction 0.5%** |  |  |  |  |
| &nbsp;&nbsp; AECOM, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 08/01/33 | 390 | 399349 |
| &nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 02/01/32 | 175 | 176199 |
| &nbsp;&nbsp; TopBuild Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 03/15/29 | 285 | 276339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 02/15/32 | 255 | 242685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 01/31/34 | 405 | 409129 |
| &nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 01/15/34 | 715 | 718634 |
|  |  |  |  | 2222335 |
| &nbsp;&nbsp; **Entertainment 3.6%** |  |  |  |  |
| &nbsp;&nbsp; Brightstar Lottery PLC/Brightstar Global Solutions Corp. (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 01/15/33 | 510 | 505869 |
| &nbsp;&nbsp; Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 10/15/29 | 2225 | 2136170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.500 | 02/15/32 | 490 | 501426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 02/15/30 | 1150 | 1187817 |
| &nbsp;&nbsp; Churchill Downs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 04/01/30 | 475 | 477616 |
| &nbsp;&nbsp; Jacobs Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 350 | 345610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 400 | 393874 |
| &nbsp;&nbsp; Light & Wonder International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 10/01/33 | 455 | 461300 |
| &nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 05/01/29 | 775 | 761188 |
| &nbsp;&nbsp; Penn Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.125 | 07/01/29 | 425 | 394816 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 101

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Entertainment (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Penn Entertainment, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625% | 01/15/27 | 1330 | $1327662 |
| &nbsp;&nbsp; Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 02/01/33 | 935 | 951554 |
| &nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 10/15/30 | 425 | 431521 |
| &nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games US FinCo, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 03/01/30 | 825 | 753727 |
| &nbsp;&nbsp; Voyager Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 07/01/32 | 1760 | 1871077 |
| &nbsp;&nbsp; Warnermedia Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.141 | 03/15/52 | 4070 | 2697914 |
| &nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 10/01/29 | 860 | 864709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 03/15/33 | 345 | 351547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/15/31 | 345 | 371795 |
|  |  |  |  | 16787192 |
| &nbsp;&nbsp; **Environmental Control 0.8%** |  |  |  |  |
| &nbsp;&nbsp; Clean Harbors, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 10/15/33 | 305 | 311813 |
| &nbsp;&nbsp; GFL Environmental Holdings US, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 02/01/34 | 235 | 235543 |
| &nbsp;&nbsp; GFL Environmental, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 08/01/28 | 465 | 456653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 08/15/29 | 475 | 464906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/29 | 235 | 233261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 01/15/31 | 260 | 272111 |
| &nbsp;&nbsp; Reworld Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 12/01/29 | 1170 | 1132408 |
| &nbsp;&nbsp; Waste Pro USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/01/33 | 370 | 381962 |
| &nbsp;&nbsp; Wrangler Holdco Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 04/01/32 | 190 | 197615 |
|  |  |  |  | 3686272 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Foods 1.6%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Albertson's Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625% | 03/31/32 |  | 600 | $599355 |
| &nbsp;&nbsp; Albertson's Cos., Inc./Safeway, Inc./New Albertson's LP/Albertson's LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 03/31/31 |  | 230 | 230835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/31/34 |  | 365 | 358866 |
| &nbsp;&nbsp; B&G Foods, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 09/15/27 |  | 2150 | 2078238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 09/15/28 |  | 250 | 236002 |
| &nbsp;&nbsp; Bellis Acquisition Co. PLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.000 | 07/01/31 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296 | 334198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.125 | 05/14/30 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | 409692 |
| &nbsp;&nbsp; Lamb Weston Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 01/31/30 |  | 150 | 144993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 01/31/32 |  | 375 | 357289 |
| &nbsp;&nbsp; Pilgrim's Pride Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.500 | 03/01/32 |  | 375 | 347155 |
| &nbsp;&nbsp; Post Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 09/15/31 |  | 1025 | 970469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 04/15/30 |  | 425 | 414748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 10/15/34 |  | 180 | 181401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/01/33 |  | 105 | 105864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 03/15/36 |  | 655 | 655087 |
|  |  |  |  |  | 7424192 |
| &nbsp;&nbsp; **Forest Products & Paper 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Magnera Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 11/15/31 |  | 500 | 473683 |
| &nbsp;&nbsp; **Gas 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.750 | 05/20/27 |  | 315 | 317044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/30 |  | 345 | 369942 |
|  |  |  |  |  | 686986 |
| &nbsp;&nbsp; **Healthcare-Services 3.7%** |  |  |  |  |  |
| &nbsp;&nbsp; CHS/Community Health Systems, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 05/15/30 |  | 250 | 235676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 01/15/29 |  | 150 | 149693 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 103

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Healthcare-Services (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; CHS/Community Health Systems, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.750% | 01/15/34 | 1090 | $1136435 |
| &nbsp;&nbsp; DaVita, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.750 | 02/15/31 | 3105 | 2853312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 06/01/30 | 2400 | 2312288 |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 01/15/29 | 1900 | 1845982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.375 | 02/15/32 | 150 | 162961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.875 | 08/15/30 | 200 | 214705 |
| &nbsp;&nbsp; Molina Healthcare, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 02/15/31 | 60 | 61431 |
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 12/31/30 | 894 | 767275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% and PIK 5.000% | 11.500 | 12/31/30 | 484 | 508116 |
| &nbsp;&nbsp; Prime Healthcare Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.375 | 09/01/29 | 1125 | 1172018 |
| &nbsp;&nbsp; Tenet Healthcare Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.375 | 01/15/30 | 3500 | 3440445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.875 | 11/15/31 | 2025 | 2215681 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17076018 |
| &nbsp;&nbsp; **Holding Companies-Diversified 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Clue Opco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/15/31 | 1688 | 1791337 |
| &nbsp;&nbsp; **Home Builders 3.9%** |  |  |  |  |
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 08/01/29 | 750 | 718531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 04/01/30 | 825 | 782286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 08/01/33 | 535 | 539786 |
| &nbsp;&nbsp; Beazer Homes USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875 | 10/15/27 | 1100 | 1097372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.250 | 10/15/29 | 1575 | 1594136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 03/15/31 | 515 | 523681 |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential US LLC (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 02/15/30 | 1675 | 1562038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/27 | 40 | 39985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 06/15/29 | 600 | 580308 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Home Builders (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Dream Finders Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875% | 09/15/30 | 290 | $293545 |
| &nbsp;&nbsp; Empire Communities Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.750 | 05/01/29 | 645 | 666170 |
| &nbsp;&nbsp; Forestar Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 03/01/28 | 975 | 974124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 03/15/33 | 745 | 762897 |
| &nbsp;&nbsp; KB Home, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.800 | 11/15/29 | 700 | 696785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 06/15/27 | 700 | 712618 |
| &nbsp;&nbsp; M/I Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.950 | 02/15/30 | 375 | 360612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.950 | 02/01/28 | 350 | 349116 |
| &nbsp;&nbsp; Mattamy Group Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 03/01/30 | 808 | 789982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 12/15/33 | 480 | 471970 |
| &nbsp;&nbsp; New Home Co., Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 11/01/30 | 420 | 437976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/29 | 250 | 262742 |
| &nbsp;&nbsp; Shea Homes LP/Shea Homes Funding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 02/15/28 | 793 | 789832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 04/01/29 | 375 | 370266 |
| &nbsp;&nbsp; STL Holding Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 02/15/29 | 585 | 615896 |
| &nbsp;&nbsp; Taylor Morrison Communities, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 01/15/28 | 350 | 356678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 11/15/32 | 250 | 256525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 08/01/30 | 580 | 583607 |
| &nbsp;&nbsp; Tri Pointe Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.700 | 06/15/28 | 905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915183 |
|  |  |  |  | 18104647 |
| &nbsp;&nbsp; **Home Furnishings 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Whirlpool Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.125 | 06/15/30 | 225 | 225804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.500 | 06/15/33 | 1575 | 1553579 |
|  |  |  |  | 1779383 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 105

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Household Products/Wares 0.3%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; ACCO Brands Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250% | 03/15/29 | 1150 | $1065151 |
| &nbsp;&nbsp; Kronos Acquisition Holdings, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.750 | 06/30/32 | 895 | 429099 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1494250 |
| &nbsp;&nbsp; **Housewares 0.8%** |  |  |  |  |
| &nbsp;&nbsp; Newell Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.375 | 05/15/30 | 505 | 498997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.625 | 05/15/32 | 300 | 294000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.500 | 04/01/46 | 350 | 295360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 06/01/28 | 315 | 330472 |
| &nbsp;&nbsp; Scotts Miracle-Gro Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 04/01/31 | 1150 | 1083971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375 | 02/01/32 | 675 | 637361 |
| &nbsp;&nbsp; SWF Holdings I Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.500 | 10/06/29 | 1404 | 561734 |
|  |  |  |  | 3701895 |
| &nbsp;&nbsp; **Insurance 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 11/06/30 | 235 | 243362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.250 | 02/01/29 | 1980 | 2053718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 06/15/29 | 300 | 313998 |
| &nbsp;&nbsp; AmWINS Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 02/15/29 | 125 | 128249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 06/30/29 | 525 | 517774 |
| &nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 12/31/32 | 765 | 799746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.375 | 02/01/34 | 1565 | 1582726 |
| &nbsp;&nbsp; Broadstreet Partners Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.875 | 04/15/29 | 450 | 447838 |
|  |  |  |  | 6087411 |
| &nbsp;&nbsp; **Internet 0.9%** |  |  |  |  |
| &nbsp;&nbsp; Cablevision Lightpath LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 09/15/27 | 1150 | 1145601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/15/28 | 625 | 622798 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Internet (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Gen Digital, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250% | 04/01/33 | 496 | $498588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 09/30/27 | 300 | 302820 |
| &nbsp;&nbsp; Go Daddy Operating Co. LLC/GD Finance Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.500 | 03/01/29 | 250 | 237758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 12/01/27 | 215 | 214807 |
| &nbsp;&nbsp; ION Platform Finance US, Inc./ION Platform Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 05/01/28 | 240 | 224411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 05/01/28 | 330 | 312004 |
| &nbsp;&nbsp; Snap, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 03/01/33 | 535 | 548887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 03/15/34 | 250 | 255364 |
|  |  |  |  | 4363038 |
| &nbsp;&nbsp; **Iron/Steel 1.5%** |  |  |  |  |
| &nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 01/31/29 | 1034 | 1041937 |
| &nbsp;&nbsp; Champion Iron Canada, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 07/15/32 | 375 | 401250 |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 04/15/30 | 505 | 518000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 11/01/29 | 410 | 426206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 03/15/32 | 840 | 862273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 05/01/33 | 460 | 479553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 09/15/31 | 530 | 558971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625 | 01/15/34 | 405 | 424109 |
| &nbsp;&nbsp; Commercial Metals Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 11/15/33 | 420 | 426990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 12/15/35 | 420 | 429142 |
| &nbsp;&nbsp; Mineral Resources Ltd. (Australia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 04/01/31 | 350 | 367500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/28 | 800 | 839800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.000 | 11/01/27 | 165 | 168863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.500 | 05/01/30 | 75 | 77693 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7022287 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 107

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Leisure Time 1.5%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Amer Sports Co. (Finland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750% | 02/16/31 | 200 | $207954 |
| &nbsp;&nbsp; Carnival Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/15/30 | 900 | 925695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 08/01/32 | 905 | 930793 |
| &nbsp;&nbsp; Lindblad Expeditions LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 09/15/30 | 485 | 506354 |
| &nbsp;&nbsp; NCL Corp. Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 03/01/30 | 750 | 766500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 09/15/33 | 230 | 230605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/01/32 | 705 | 722378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.750 | 02/15/29 | 460 | 491625 |
| &nbsp;&nbsp; NCL Finance Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 03/15/28 | 175 | 179228 |
| &nbsp;&nbsp; Patrick Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 05/01/29 | 75 | 74207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 11/01/32 | 380 | 388999 |
| &nbsp;&nbsp; Royal Caribbean Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/30/31 | 185 | 189876 |
| &nbsp;&nbsp; Viking Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 07/15/31 | 50 | 53325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/15/29 | 275 | 275690 |
| &nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.625 | 02/15/29 | 1125 | 1123112 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7066341 |
| &nbsp;&nbsp; **Lodging 1.5%** |  |  |  |  |
| &nbsp;&nbsp; Boyd Gaming Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/31 | 900 | 877121 |
| &nbsp;&nbsp; Hilton Domestic Operating Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 02/15/32 | 500 | 463218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 03/31/34 | 225 | 226068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 09/15/33 | 120 | 122295 |
| &nbsp;&nbsp; MGM Resorts International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.625 | 09/01/26 | 125 | 125018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.750 | 10/15/28 | 225 | 224528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.500 | 04/15/27 | 1011 | 1017529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 09/15/29 | 735 | 751453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.500 | 04/15/32 | 1465 | 1499772 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Lodging (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Wynn Macau Ltd. (Macau), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125% | 12/15/29 | 500 | $495800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.500 | 10/01/27 | 350 | 349304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 08/26/28 | 850 | 848461 |
|  |  |  |  | 7000567 |
| &nbsp;&nbsp; **Machinery-Construction & Mining 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Terex Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 05/15/29 | 325 | 323877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 10/15/32 | 455 | 465914 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789791 |
| &nbsp;&nbsp; **Machinery-Diversified 0.7%** |  |  |  |  |
| &nbsp;&nbsp; Chart Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.500 | 01/01/31 | 210 | 221082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 01/01/30 | 700 | 729318 |
| &nbsp;&nbsp; Columbus McKinnon Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 02/01/33 | 245 | 246264 |
| &nbsp;&nbsp; CompoSecure Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.625 | 02/01/33 | 380 | 378715 |
| &nbsp;&nbsp; GrafTech Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.625 | 12/23/29 | 875 | 647506 |
| &nbsp;&nbsp; Lsf12 Helix Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 02/01/33 | 320 | 321532 |
| &nbsp;&nbsp; Maxim Crane Works Holdings Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 11.500 | 09/01/28 | 885 | 942474 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3486891 |
| &nbsp;&nbsp; **Media 4.9%** |  |  |  |  |
| &nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/01/29 | 375 | 370826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.500 | 05/01/32 | 100 | 89848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.250 | 02/01/31 | 1010 | 925462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.750 | 03/01/30 | 475 | 454097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 02/01/28 | 275 | 273350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 05/01/27 | 75 | 75070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.500 | 05/01/26 | 700 | 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/01/33 | 1125 | 1135736 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 109

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Media (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; CSC Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.375% | 02/15/31 | 500 | $297200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 12/01/30 | 575 | 349487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 02/01/28 | 2500 | 1873288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 04/15/27 | 765 | 674268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 02/01/29 | 825 | 529357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 12/01/30 | 1875 | 698166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 01/15/30 | 1350 | 527828 |
| &nbsp;&nbsp; DISH DBS Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 5.125 | 06/01/29 | 40 | 35400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.375 | 07/01/28 | 25 | 23993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.750 | 07/01/26 | 5605 | 5495980 |
| &nbsp;&nbsp; DISH Network Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(x) | 11.750 | 11/15/27 | 25 | 25853 |
| &nbsp;&nbsp; Gray Media, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 11/15/31 | 325 | 240630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.625 | 07/15/32 | 280 | 288585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 08/15/33 | 275 | 281521 |
| &nbsp;&nbsp; iHeartCommunications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 08/15/30 | 825 | 704762 |
| &nbsp;&nbsp; Radiate Holdco LLC/Radiate Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.000% and PIK 3.250%(x) | 9.250 | 03/25/30 | 1710 | 1215729 |
| &nbsp;&nbsp; Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 02/15/33 | 1170 | 1210341 |
| &nbsp;&nbsp; Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.500 | 05/01/29 | 225 | 214957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 08/15/28 | 605 | 624563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.375 | 08/01/32 | 1145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232644 |
| &nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes VI DAC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 03/15/33 | 875 | 867309 |
| &nbsp;&nbsp; Virgin Media Secured Finance PLC (United |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 05/15/29 | 875 | 862654 |
| &nbsp;&nbsp; VZ Secured Financing BV (Netherlands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 01/15/32 | 800 | 722000 |
|  |  |  |  | 23020904 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Metal Fabricate/Hardware 0.1%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Roller Bearing Co. of America, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375% | 10/15/29 | 400 | $394133 |
| &nbsp;&nbsp; **Mining 2.1%** |  |  |  |  |
| &nbsp;&nbsp; Arsenal AIC Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 10/01/30 | 110 | 116654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 11.500 | 10/01/31 | 475 | 523641 |
| &nbsp;&nbsp; Capstone Copper Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/31/33 | 300 | 310092 |
| &nbsp;&nbsp; Century Aluminum Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 08/01/32 | 280 | 290235 |
| &nbsp;&nbsp; Coeur Mining, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 02/15/29 | 165 | 164659 |
| &nbsp;&nbsp; Eldorado Gold Corp. (Turkey), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 09/01/29 | 700 | 704058 |
| &nbsp;&nbsp; First Quantum Minerals Ltd. (Zambia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 02/15/34 | 525 | 551586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 03/01/33 | 555 | 594727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 06/01/31 | 500 | 524265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.375 | 03/01/29 | 610 | 639738 |
| &nbsp;&nbsp; Hecla Mining Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.250 | 02/15/28 | 286 | 286373 |
| &nbsp;&nbsp; Hudbay Minerals, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 04/01/26 | 1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1818708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 04/01/29 | 680 | 685971 |
| &nbsp;&nbsp; New Gold, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 04/01/32 | 525 | 556971 |
| &nbsp;&nbsp; Novelis Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 08/15/31 | 290 | 265495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 01/30/30 | 1100 | 1065834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 01/30/30 | 340 | 352656 |
| &nbsp;&nbsp; Taseko Mines Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.250 | 05/01/30 | 340 | 360886 |
|  |  |  |  | 9812549 |
| &nbsp;&nbsp; **Miscellaneous Manufacturing 0.5%** |  |  |  |  |
| &nbsp;&nbsp; Amsted Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 05/15/30 | 610 | 603538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.375 | 03/15/33 | 200 | 206917 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 111

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Miscellaneous Manufacturing (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Avient Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250% | 11/01/31 | 115 | $118209 |
| &nbsp;&nbsp; Axon Enterprise, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.125 | 03/15/30 | 310 | 319549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 03/15/33 | 260 | 269294 |
| &nbsp;&nbsp; Entegris, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.750 | 04/15/29 | 225 | 224964 |
| &nbsp;&nbsp; Trinity Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 07/15/28 | 360 | 371596 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2114067 |
| &nbsp;&nbsp; **Office/Business Equipment 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Zebra Technologies Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 06/01/32 | 235 | 242267 |
| &nbsp;&nbsp; **Oil & Gas 5.7%** |  |  |  |  |
| &nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 10/01/29 | 615 | 646970 |
| &nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 07/15/33 | 450 | 465806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 11/01/27 | 687 | 845813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 10/15/32 | 290 | 300852 |
| &nbsp;&nbsp; CNX Resources Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 03/01/32 | 295 | 308757 |
| &nbsp;&nbsp; Comstock Resources, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 01/15/30 | 725 | 707695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/01/29 | 750 | 754540 |
| &nbsp;&nbsp; Crescent Energy Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 01/15/33 | 530 | 512391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625 | 04/01/32 | 530 | 526137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 04/15/32 | 300 | 298466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 01/15/34 | 375 | 379490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 02/15/28 | 504 | 518202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.750 | 10/15/30 | 225 | 239023 |
| &nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.500 | 10/01/30 | 395 | 418976 |
| &nbsp;&nbsp; Expand Energy Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 03/15/30 | 320 | 325614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 02/01/29 | 230 | 230229 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Oil & Gas (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750% | 02/01/29 | 400 | $400018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 04/15/30 | 500 | 492692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 02/01/31 | 475 | 458723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 11/01/28 | 643 | 648061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 04/15/32 | 590 | 566744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 05/15/34 | 220 | 211886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 02/15/35 | 530 | 512706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.375 | 11/01/33 | 243 | 252181 |
| &nbsp;&nbsp; Matador Resources Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 04/15/32 | 295 | 300448 |
| &nbsp;&nbsp; Nabors Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.625 | 11/15/32 | 525 | 534607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 08/15/31 | 435 | 442783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 01/31/30 | 1230 | 1298606 |
| &nbsp;&nbsp; New Generation Gas Gathering LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 189 | 186351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 227 | 223622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 189 | 186351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cap N/A, Floor 2.000%)^ | 9.590(c) | 09/30/29 | 57 | 55905 |
| &nbsp;&nbsp; Noble Finance II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/30 | 585 | 609715 |
| &nbsp;&nbsp; Permian Resources Operating LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/01/33 | 295 | 304267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/32 | 295 | 308957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/27 | 325 | 328250 |
| &nbsp;&nbsp; Precision Drilling Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 01/15/29 | 523 | 528424 |
| &nbsp;&nbsp; Range Resources Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 02/15/30 | 450 | 443861 |
| &nbsp;&nbsp; SM Energy Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 07/01/28 | 730 | 754846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 11/01/30 | 490 | 518524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.750 | 07/01/31 | 200 | 210099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.625 | 06/15/33 | 465 | 508479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 08/01/29 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227570 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 113

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Oil & Gas (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Sunoco LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625% | 03/15/31 | 240 | $241459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 07/01/33 | 315 | 323852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 05/01/29 | 540 | 561315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500 | 10/01/29 | 625 | 613063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 05/01/30 | 1125 | 1097393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 08/15/32 | 200 | 206262 |
| &nbsp;&nbsp; Sunoco LP/Sunoco Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500 | 05/15/29 | 730 | 718060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500 | 04/30/30 | 1075 | 1050226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875 | 03/15/28 | 75 | 75024 |
| &nbsp;&nbsp; Transocean International Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 05/15/29 | 1280 | 1302400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 05/15/31 | 450 | 457546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 10/15/32 | 190 | 200408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 02/15/30 | 465 | 484762 |
| &nbsp;&nbsp; Valaris Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.375 | 04/30/30 | 325 | 339271 |
|  |  |  |  | 26664678 |
| &nbsp;&nbsp; **Oil & Gas Services 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Archrock Services LP/Archrock Partners Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 02/01/34 | 260 | 259795 |
| &nbsp;&nbsp; Kodiak Gas Services LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 10/01/33 | 205 | 209856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 10/01/35 | 170 | 175609 |
| &nbsp;&nbsp; SESI LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 09/30/30 | 245 | 246898 |
| &nbsp;&nbsp; Tidewater, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 07/15/30 | 300 | 324449 |
| &nbsp;&nbsp; Weatherford International Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 10/15/33 | 415 | 429655 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1646262 |
| &nbsp;&nbsp; **Packaging & Containers 2.1%** |  |  |  |  |
| &nbsp;&nbsp; ARD Finance SA (Luxembourg), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% or |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK 7.250% | 6.500 | 06/30/27(d) | — (r) |  |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Packaging & Containers (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Ardagh Group SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 5.500% and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK 6.500% | 12.000% | 12/01/30 |  | 800 | $756000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 4.500% and |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK 7.500% | 12.000 | 12/01/30 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | 783285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 12/01/30 |  | 762 | 823014 |
| &nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metal Packaging Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.250 | 09/01/28 |  | 200 | 192270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/30/31 |  | 210 | 215775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 09/01/29 |  | 200 | 190000 |
| &nbsp;&nbsp; Ball Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.500 | 09/15/33 |  | 205 | 208509 |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.750 | 04/15/30 |  | 685 | 685871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/32 |  | 600 | 605103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 01/15/30 |  | 50 | 50629 |
| &nbsp;&nbsp; Graphic Packaging International LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.500 | 03/01/29 |  | 350 | 333892 |
| &nbsp;&nbsp; Iris Holding, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.000 | 12/15/28 |  | 420 | 380808 |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.875 | 11/01/28(d) |  | 555 | 252525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 10/01/31(d) |  | 330 | 151490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 11/01/28(d) |  | 550 | 248949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.500 | 07/15/27(d) |  | 925 | 40210 |
| &nbsp;&nbsp; Mauser Packaging Solutions Holding Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 04/15/30 |  | 807 | 822290 |
| &nbsp;&nbsp; OI European Group BV, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 02/15/30 |  | 185 | 178641 |
| &nbsp;&nbsp; Owens-Brockway Glass Container, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 05/13/27 |  | 80 | 80000 |
| &nbsp;&nbsp; Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FinCo US LLC (Canada), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 05/15/30 |  | 600 | 579000 |
| &nbsp;&nbsp; Trident TPI Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 12.750 | 12/31/28 |  | 1905 | 1913215 |
| &nbsp;&nbsp; TriMas Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 04/15/29 |  | 250 | 243685 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9735161 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 115

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Pharmaceuticals 1.7%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; 1261229 BC Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.000% | 04/15/32 | 1863 | $1911904 |
| &nbsp;&nbsp; AdaptHealth LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 08/01/29 | 1125 | 1087889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 03/01/30 | 600 | 582832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 08/01/28 | 470 | 471788 |
| &nbsp;&nbsp; Bausch Health Cos., Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 01/30/28 | 475 | 406719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 02/15/29 | 250 | 190152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/30/30 | 500 | 355000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 02/15/31 | 2205 | 1431927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/15/29 | 25 | 19766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/28 | 250 | 224687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 06/01/28 | 578 | 536130 |
| &nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 04/30/31 | 625 | 567377 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7786171 |
| &nbsp;&nbsp; **Pipelines 3.6%** |  |  |  |  |
| &nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/15/29 | 250 | 250383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 01/15/28 | 1260 | 1260986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 07/01/34 | 270 | 272666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 02/01/32 | 170 | 176666 |
| &nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 07/15/29 | 105 | 109129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 07/15/32 | 120 | 127147 |
| &nbsp;&nbsp; Global Partners LP/GLP Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 01/15/29 | 300 | 304016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 07/01/33 | 290 | 297151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 01/15/32 | 225 | 237132 |
| &nbsp;&nbsp; Howard Midstream Energy Partners LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/34 | 425 | 435918 |
| &nbsp;&nbsp; NFE Financing LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, MTN | 12.000 | 11/15/29 | 1020 | 360748 |
| &nbsp;&nbsp; Prairie Acquiror LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 08/01/29 | 95 | 98598 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Pipelines (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Rockies Express Pipeline LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.800% | 05/15/30 | 335 | $330305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 03/15/33 | 240 | 253345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 04/15/40 | 1445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478622 |
| &nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 01/15/28 | 1404 | 1404093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 12/31/30 | 290 | 294298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/15/34 | 395 | 402005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 02/15/29 | 460 | 476734 |
| &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 08/15/29 | 485 | 460849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.125 | 08/15/31 | 285 | 263011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/15/30 | 400 | 409972 |
| &nbsp;&nbsp; Venture Global LNG, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 9.000(ff) | 09/30/29(oo) | 900 | 792587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 01/15/30 | 275 | 276716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 06/01/28 | 85 | 87025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 02/01/29 | 1680 | 1789813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.875 | 02/01/32 | 825 | 873256 |
| &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.125 | 12/15/30 | 746 | 767918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.500 | 01/15/34 | 500 | 519273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.500 | 06/15/34 | 315 | 326462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 01/15/36 | 415 | 435134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 05/01/33 | 497 | 544899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 05/01/35 | 546 | 608955 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16725812 |
| &nbsp;&nbsp; **Real Estate 0.9%** |  |  |  |  |
| &nbsp;&nbsp; Five Point Operating Co. LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 10/01/30 | 305 | 317084 |
| &nbsp;&nbsp; Greystar Real Estate Partners LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 09/01/30 | 200 | 210833 |
| &nbsp;&nbsp; Howard Hughes Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 02/01/29 | 1350 | 1306490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 02/01/31 | 700 | 663041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 08/01/28 | 465 | 464747 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 117

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Real Estate (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Hunt Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250% | 04/15/29 | 1125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1099286 |
|  |  |  |  | 4061481 |
| &nbsp;&nbsp; **Real Estate Investment Trusts (REITs) 2.0%** |  |  |  |  |
| &nbsp;&nbsp; Brandywine Operating Partnership LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 01/15/31 | 410 | 397207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 8.875 | 04/12/29 | 100 | 107379 |
| &nbsp;&nbsp; Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375 | 03/01/31 | 711 | 634179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 10/15/30 | 235 | 242310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 02/15/28 | 750 | 726862 |
| &nbsp;&nbsp; Millrose Properties, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/32 | 540 | 546007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 08/01/30 | 800 | 816927 |
| &nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.500 | 03/15/31 | 1350 | 997987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 02/15/32 | 175 | 187434 |
| &nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic<br>Property LLC/PK Finance Co-Issuer, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 02/01/30 | 250 | 257440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 05/15/29 | 400 | 391314 |
| &nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 02/15/29 | 525 | 517761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 04/01/32 | 315 | 326050 |
| &nbsp;&nbsp; Rithm Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 04/01/29 | 100 | 102134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 07/15/30 | 540 | 552071 |
| &nbsp;&nbsp; SBA Communications Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.125 | 02/01/29 | 275 | 262713 |
| &nbsp;&nbsp; Starwood Property Trust, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 10/15/28 | 165 | 165979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375 | 01/15/27 | 450 | 446707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 04/15/30 | 250 | 256996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 07/01/30 | 275 | 286146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 10/15/30 | 225 | 234532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 04/01/29 | 740 | 780902 |
|  |  |  |  | 9237037 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Retail 4.1%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.000% | 10/15/30 | 2400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2289576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 01/15/28 | 188 | 185020 |
| &nbsp;&nbsp; Arko Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 11/15/29 | 750 | 653070 |
| &nbsp;&nbsp; Brinker International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 07/15/30 | 725 | 765089 |
| &nbsp;&nbsp; Carvana Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 06/01/30 | 2989 | 3117172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 06/01/31 | 2568 | 2826856 |
| &nbsp;&nbsp; EG Global Finance PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 12.000 | 11/30/28 | 275 | 297172 |
| &nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 01/15/30 | 1025 | 968646 |
| &nbsp;&nbsp; Gap, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 10/01/29 | 600 | 570487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 10/01/31 | 525 | 486411 |
| &nbsp;&nbsp; LBM Acquisition LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 01/15/29 | 1050 | 970742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 06/15/31 | 440 | 463628 |
| &nbsp;&nbsp; LCM Investments Holdings II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 05/01/29 | 1063 | 1047533 |
| &nbsp;&nbsp; Lithia Motors, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 10/01/30 | 410 | 412804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.875 | 06/01/29 | 475 | 459420 |
| &nbsp;&nbsp; Park River Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.750 | 12/31/30 | 718 | 717807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 03/15/31 | 615 | 633177 |
| &nbsp;&nbsp; QXO Building Products, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/30/32 | 190 | 195964 |
| &nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/01/32 | 425 | 441277 |
| &nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy<br>Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 06/01/31 | 790 | 758944 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 119

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Retail (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Superior Plus LP/Superior General Partner, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500% | 03/15/29 | 470 | $459350 |
| &nbsp;&nbsp; White Cap Supply Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 11/15/30 | 240 | 249316 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18969461 |
| &nbsp;&nbsp; **Software 0.5%** |  |  |  |  |
| &nbsp;&nbsp; CoreWeave, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 02/01/31 | 840 | 816891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 06/01/30 | 1210 | 1191378 |
| &nbsp;&nbsp; SS&C Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 09/30/27 | 375 | 374695 |
|  |  |  |  | 2382964 |
| &nbsp;&nbsp; **Telecommunications 6.7%** |  |  |  |  |
| &nbsp;&nbsp; Altice Financing SA (Luxembourg), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 01/15/28 | 843 | 606960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 08/15/29 | 1425 | 1011750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.625 | 07/15/27 | 500 | 382500 |
| &nbsp;&nbsp; Altice France SA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 10/15/30 | 587 | 574155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 07/15/32 | 534 | 520199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 11/01/29 | 1031 | 1058705 |
| &nbsp;&nbsp; Cipher Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 11/15/30 | 225 | 231804 |
| &nbsp;&nbsp; Connect Finco Sarl/Connect US Finco LLC<br>(United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 09/15/29 | 275 | 291638 |
| &nbsp;&nbsp; Connect Holding II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 04/03/31 | 1250 | 1226309 |
| &nbsp;&nbsp; Digicel Group Holdings Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 1B14, 144A(x) | 0.000 | 12/31/30 | 513 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 3B14, 144A^(x) | 0.000 | 12/31/30 | 34 |  |
| &nbsp;&nbsp; Digicel International Finance Ltd./DIFL US LLC<br>(Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(x) | 8.625 | 08/01/32 | 1410 | 1466146 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Telecommunications (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; EchoStar Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Cash coupon 6.750% or PIK 6.750%(x) | 6.750% | 11/30/30 | 58 | $59373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(x) | 10.750 | 11/30/29 | 2300 | 2521086 |
| &nbsp;&nbsp; Flash Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 12/31/30 | 320 | 321118 |
| &nbsp;&nbsp; Frontier Communications Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 5.875 | 11/01/29 | 800 | 807202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.000 | 01/15/30 | 825 | 832746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.750 | 05/01/29 | 925 | 929103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 05/01/28 | 2175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2175800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 03/15/31 | 425 | 444717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 05/15/30 | 825 | 850768 |
| &nbsp;&nbsp; Iliad Holding SAS (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 10/15/28 | 875 | 883750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 04/15/32 | 600 | 615000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 04/15/31 | 335 | 358376 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 01/15/36 | 2170 | 2222538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 06/30/33 | 1000 | 1030762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 03/31/34 | 1785 | 1849815 |
| &nbsp;&nbsp; Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.375 | 06/15/29 | 275 | 259141 |
| &nbsp;&nbsp; Sable International Finance Ltd. (Panama), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125 | 10/15/32 | 450 | 455792 |
| &nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 02/15/29 | 1675 | 1630453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 06/15/32 | 390 | 393750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 06/15/32 | 445 | 448239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.750 | 04/15/28 | 300 | 299206 |
| &nbsp;&nbsp; Uniti Services LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 10/15/33 | 1490 | 1539605 |
| &nbsp;&nbsp; Vmed O2 UK Financing I PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 01/15/33 | 560 | 545776 |
| &nbsp;&nbsp; Windstream Services LLC/Windstream Escrow |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.250 | 10/01/31 | 1400 | 1466940 |
| &nbsp;&nbsp; WULF Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 10/15/30 | 125 | 130358 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 121

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Telecommunications (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Zayo Group Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250% | 03/09/30 | 550 | $536948 |
| &nbsp;&nbsp; Zegona Finance PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 07/15/29 | 275 | 290125 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31268704 |
| &nbsp;&nbsp; **Transportation 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Star Leasing Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 7.625 | 02/15/30 | 745 | 712462 |
| &nbsp;&nbsp; XPO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 06/01/31 | 150 | 155875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/01/32 | 205 | 215481 |
|  |  |  |  | 1083818 |
| &nbsp;&nbsp; **TOTAL CORPORATE BONDS**<br> (cost $391,942,886) |  |  |  | 393073810 |
| &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 6.6%** |  |  |  |  |
| &nbsp;&nbsp; **Airlines 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Vista Management Holding, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 3.750% | 7.411(c) | 04/01/31 | 64 | 63830 |
| &nbsp;&nbsp; **Auto Parts & Equipment 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Clarios Global LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 6 Dollar Term Loan, 1 Month |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 2.750% | 6.422(c) | 01/28/32 | 723 | 723412 |
| &nbsp;&nbsp; First Brands Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan | 13.070 | 03/30/28(d) | 1766 | 1271 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term A Loan, 3 Month SOFR + 4.850% | 8.739(c) | 11/17/28 | 1004 | 991136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 5.100% | 8.917(c) | 11/17/28 | 380 | 375763 |
|  |  |  |  | 2091582 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Building Materials 0.1%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; American Bath/CP Atlas Buyer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term B Loan, 1 Month SOFR + 5.250% | 8.922%(c) | 07/08/30 | 314 | $308012 |
| &nbsp;&nbsp; Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tranche B-3 Term Loan, 1 Month SOFR + 2.250% | 5.922(c) | 02/10/32 | 323 | 322321 |
|  |  |  |  | 630333 |
| &nbsp;&nbsp; **Chemicals 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Iris Holdings Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 4.850% | 8.517(c) | 06/28/28 | 440 | 425484 |
| &nbsp;&nbsp; TPC Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 6 Month SOFR + 5.750% | 9.386(c) | 12/16/31 | 655 | 581955 |
| &nbsp;&nbsp; Venator Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial First Out Term Loan^ | 13.894 | 07/16/26(d) | 544 | 408172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan^ | 13.905 | 10/12/28(d) | 793 | 15862 |
| &nbsp;&nbsp; Venator Materials LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term B Loan^ | 14.002 | 07/16/26(d) | 547 | 410409 |
|  |  |  |  | 1841882 |
| &nbsp;&nbsp; **Commercial Services 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 7 Replacement U.S. Dollar Term |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan, 1 Month SOFR + 3.250% | 6.922(c) | 08/20/32 | 412 | 412279 |
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Term Out Loan, 3 Month SOFR + 3.750% | 7.417(c) | 12/31/30 | 486 | 484258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 3 Month SOFR + 4.862% | 8.528(c) | 12/31/30 | 317 | 291372 |
|  |  |  |  | 1187909 |
| &nbsp;&nbsp; **Computers 0.8%** |  |  |  |  |
| &nbsp;&nbsp; Bingo Holdings I LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 4.750% | 8.422(c) | 06/30/32 | 499 | 490232 |
| &nbsp;&nbsp; McAfee Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refinancing Tranche B-1, 1 Month SOFR + 3.000% | 6.672(c) | 03/01/29 | 1554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1371217 |
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.000% | 6.701(c) | 04/16/29 | 469 | 462880 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 123

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Computers (cont'd.)** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; NCR Atleos LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term A Loan, 1 Month SOFR + 2.500% | 6.172%(c) | 10/16/28 | 195 | $193848 |
| &nbsp;&nbsp; VCI Asset Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— (p) | 01/30/31 | 1200 | 1188000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3706177 |
| &nbsp;&nbsp; **Electric 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Heritage Power LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 5.500%^ | 9.172(c) | 07/20/28 | 227 | 223271 |
| &nbsp;&nbsp; **Forest Products & Paper 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Magnera Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Term Loan, 3 Month SOFR + 4.250% | 8.072(c) | 11/04/31 | 194 | 192165 |
| &nbsp;&nbsp; **Healthcare-Services 0.0%** |  |  |  |  |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.750% | 7.422(c) | 05/16/31 | 99 | 98897 |
| &nbsp;&nbsp; **Holding Companies-Diversified 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Clue OpCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 4.500% | 8.167(c) | 12/19/30 | 93 | 92267 |
| &nbsp;&nbsp; **Household Products/Wares 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Kronos Acquisition Holdings, Inc. (Canada),<br>2024 Initial Loan, 3 Month SOFR + 4.000% | 7.672(c) | 07/08/31 | 339 | 233158 |
| &nbsp;&nbsp; **Insurance 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Acrisure LLC,<br>2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | 6.672(c) | 11/06/30 | 960 | 956183 |
| &nbsp;&nbsp; Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New B-04 Term Loan, 1 Month SOFR + 5.364% | 9.036(c) | 01/20/29 | 483 | 482051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New B-12 Term Loan, 1 Month SOFR + 4.250% | 7.922(c) | 09/19/30 | 198 | 197711 |
|  |  |  |  | 1635945 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Internet 0.0%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Cablevision Lightpath LLC,<br>2025 Refinancing Term Loan, 1 Month SOFR + 3.000% | 6.680%(c) | 11/30/27 |  | 25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24507 |
| &nbsp;&nbsp; Diamond Sports Net LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Lien Exit Term Loan | 15.000 | 01/02/28 |  | 479 | 129088 |
|  |  |  |  |  | 153595 |
| &nbsp;&nbsp; **Investment Companies 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Hurricane CleanCo Ltd. (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Facility A^ | 12.500 | 10/31/29 | GBP | 839 | 1206196 |
| &nbsp;&nbsp; **Leisure Time 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; ClubCorp Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 5.000%^ | 8.672(c) | 07/10/32 |  | 481 | 474514 |
| &nbsp;&nbsp; International Park Holdings BV (Netherlands),<br>2025 Facility B, 6 Month EURIBOR + 5.250%^ | 7.374(c) | 01/30/32 | EUR | 900 | 1056147 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530661 |
| &nbsp;&nbsp; **Machinery-Diversified 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Graftech Global Enterprises, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 6.000% | 9.670(c) | 12/21/29 |  | 278 | 282176 |
| &nbsp;&nbsp; **Media 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Altice Financing SA (Luxembourg),<br>2022 Dollar Loan, 3 Month SOFR + 5.000% | 8.672(c) | 10/31/27 |  | 422 | 321712 |
| &nbsp;&nbsp; CSC Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; September 2019 Term Loan, 1 Month SOFR + 1.500% | 8.250(c) | 04/15/27 |  | 1943 | 1731433 |
| &nbsp;&nbsp; Radiate Holdco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Closing Date Term Loan, 1 Month SOFR + 4.000% | 7.672(c) | 06/26/29 |  | 43 | 42394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 3 Month SOFR + 4.000% | 3.557(c) | 06/26/29 |  | 43 | 42393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term Loan, 1 Month SOFR + 3.500% | 8.786(c) | 09/25/29 |  | 4844 | 4153727 |
|  |  |  |  |  | 6291659 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 125

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Metal Fabricate/Hardware 0.5%** | **Interest <br>Rate**<br>| **Maturity <br>Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Doncasters US Finance LLC (United Kingdom),<br>2025 Term Loan, 3 Month SOFR + 6.500%^ | 10.172%(c) | 04/23/30 | 79 | $79996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 | 2107 | 2123268 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2203264 |
| &nbsp;&nbsp; **Oil & Gas 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Hilcorp Energy I LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repriced Term Loan, 1 Month SOFR + 1.750% | 5.425(c) | 02/11/30 | 298 | 297750 |
| &nbsp;&nbsp; **Packaging & Containers 0.0%** |  |  |  |  |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Dollar Term Loan | 8.767 | 10/29/28 | 25 | 11336 |
| &nbsp;&nbsp; **Software 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Skillsoft Finance II, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 5.364% | 9.036(c) | 07/14/28 | 862 | 545472 |
| &nbsp;&nbsp; **Telecommunications 1.4%** |  |  |  |  |
| &nbsp;&nbsp; Altice France SA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New USD B-14 Term Loan, 3 Month SOFR + 6.875% | 10.547(c) | 05/31/31 | 1161 | 1176537 |
| &nbsp;&nbsp; Connect Finco Sarl (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 4 Term Loan, 1 Month SOFR + 4.500% | 8.172(c) | 09/27/29 | 328 | 326364 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-4 Loan, 1 Month SOFR + 3.250% | 6.922(c) | 03/29/32 | 504 | 504126 |
| &nbsp;&nbsp; Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-1 Loan, 1 Month SOFR + 2.464% | 6.136(c) | 04/16/29 | 2048 | 2040938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-2 Loan, 1 Month SOFR + 2.464% | 6.136(c) | 04/15/30 | 1242 | 1237647 |
| &nbsp;&nbsp; Viasat, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 4.614% | 8.286(c) | 05/30/30 | 445 | 443122 |
| &nbsp;&nbsp; Xplore, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 5.114% | 12.286(c) | 10/24/29 | 242 | 224130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 1 Month SOFR + 1.614% | 6.000(c) | 10/24/31 | 923 | 554064 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6506928 |
| &nbsp;&nbsp; **TOTAL FLOATING RATE AND OTHER LOANS**<br> (cost $34,450,100) |  |  |  | 31026453 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest <br>Rate** | **Maturity <br>Date** | **Principal Amount**<br> **(000)#** | **Value** |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS(k) 0.8%** |  |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.750% | 08/31/26 | 1825 | $1826212 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.125 | 10/31/26 | 1200 | 1204125 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.250 | 11/30/26 | 105 | 105558 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.250 | 12/31/26 | 550 | 553308 |
| &nbsp;&nbsp; **TOTAL U.S. TREASURY OBLIGATIONS**<br> (cost $3,679,440) |  |  |  | 3689203 |
|  |  |  | **<u>Shares</u>** |  |
| &nbsp;&nbsp; **AFFILIATED EXCHANGE-TRADED FUND 3.3%** |  |  |  |  |
| &nbsp;&nbsp; PGIM AAA CLO ETF<br>(cost $15,491,807)(wa) |  |  | 303020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15617651 |
| &nbsp;&nbsp; **COMMON STOCKS 2.4%** |  |  |  |  |
| &nbsp;&nbsp; **Chemicals 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Cornerstone Chemical Co.\*^(x) |  |  | 43850 | 219250 |
| &nbsp;&nbsp; TPC Group, Inc.\* |  |  | 67793 | 1242849 |
| &nbsp;&nbsp; Venator Materials PLC\*^(x) |  |  | 2297 |  |
|  |  |  |  | 1462099 |
| &nbsp;&nbsp; **Containers & Packaging 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Ardagh Packaging Finance PLC Equity, 144A\* |  |  | 375 | 2625 |
| &nbsp;&nbsp; **Electric Utilities 0.1%** |  |  |  |  |
| &nbsp;&nbsp; GenOn Energy Holdings, Inc. (Class A Stock)\*^ |  |  | 9187 | 275610 |
| &nbsp;&nbsp; Keycon Power Holdings LLC\*^ |  |  | 12469 | 361227 |
|  |  |  |  | 636837 |
| &nbsp;&nbsp; **Gas Utilities 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Ferrellgas Partners LP (Class B Stock)\* |  |  | 9477 | 1694150 |
| &nbsp;&nbsp; **Interactive Media & Services 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Diamond Sports Group LLC\*(x) |  |  | 64608 | 12146 |
| &nbsp;&nbsp; **Oil, Gas & Consumable Fuels 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Expand Energy Corp. |  |  | 4221 | 474483 |
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing - Participation on Account of<br>Backstop Shares & Exit Financing - Reserve Shares\* |  |  | 1340 | 96592 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 127

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **COMMON STOCKS (Continued)**<br>&nbsp;&nbsp; **Oil, Gas & Consumable Fuels (cont'd.)** | **Shares** <br>| **Value**<br>|
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing Participation Shares & Backstop Shares\* | 30465 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2196024 |
| &nbsp;&nbsp; Heritage Power LLC, Litigation Trust Interests\*^ | 35061 | 17530 |
|  |  | 2784629 |
| &nbsp;&nbsp; **Software 0.0%** |  |  |
| &nbsp;&nbsp; Mitel Networks International Ltd. (Canada)\*^ | 304 | 152 |
| &nbsp;&nbsp; **Wireless Telecommunication Services 1.0%** |  |  |
| &nbsp;&nbsp; Altice France SA (France)\* | 9822 | 187736 |
| &nbsp;&nbsp; Digicel International Finance Ltd. (Jamaica)\*(x) | 231054 | 4216852 |
| &nbsp;&nbsp; Stonepeak Falcon Holdings, Inc. (Canada) (Class A Stock)\* | 79554 | 87661 |
| &nbsp;&nbsp; Xplore, Inc. (Canada), CVR\*^ | 4100 |  |
|  |  | 4492249 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $9,289,944) |  | 11084887 |
| &nbsp;&nbsp; **PREFERRED STOCKS 1.1%** |  |  |
| &nbsp;&nbsp; **Electronic Equipment, Instruments & Components 1.0%** |  |  |
| &nbsp;&nbsp; Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31^ | 2625 | 2854687 |
| &nbsp;&nbsp; QXO, Inc., 4.750%, Maturing 12/31/79^ | 2020000 | 2020000 |
|  |  | 4874687 |
| &nbsp;&nbsp; **Wireless Telecommunication Services 0.1%** |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd. (Jamaica)\*^(x) | 18040 | 226442 |
| &nbsp;&nbsp; **TOTAL PREFERRED STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $4,655,190) |  | 5101129 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **WARRANTS\* 0.0%**<br>&nbsp;&nbsp; **Interactive Media & Services** | **Units**<br>| **Value**<br>|
| &nbsp;&nbsp; Diamond Sports Group LLC, expiring 06/30/26(x) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $0) | 120837 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $463,451,575) |  | 463541160 |
|  | **Shares** |  |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENT 0.8%** |  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUND** |  |  |
| &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 3.805%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $3,661,098)(wa) | 3661098 | 3661098 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS 99.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $467,112,673) |  | 467202258 |
| &nbsp;&nbsp; Other assets in excess of liabilities(z) 0.1% |  | 459488 |
| &nbsp;&nbsp; **NET ASSETS 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467661746 |

---

See the Glossary for a list of the abbreviation(s) used in the semiannual report.

\* 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 $13,509,405 and 2.9% of net assets.  |

---

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2026.

(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.

(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.

(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.

(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.

(r) Principal or notional amount is less than $500 par.

(wa) Represents investments in Funds affiliated with the Manager.

(x) The following represents restricted securities that are 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.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 129

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**(x) Restricted Securities:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Acquisition**<br>**Date** | **Original**<br>**Cost** | **Market**<br>**Value** | **Percentage**<br>**of**<br>**Net Assets** |
|  Cornerstone Chemical Co.\*^ | 12/06/23 | $833150 | $219250 | 0.0% |
|  Cornerstone Chemical Co. LLC, Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%, 10.000%, 05/07/29^ | 05/07/25-11/04/25 | 858598 | 883433 | 0.2 |
|  Diamond Sports Group LLC\* | 01/02/25 | 169163 | 12146 | 0.0 |
|  Diamond Sports Group LLC, expiring 06/30/26\* | 01/02/25 |  | 1 | 0.0 |
|  Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 1B14, 144A, 0.000%, 12/31/30 | 11/14/23 | 51 | 51 | 0.0 |
|  Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 3B14, 144A, 0.000%, 12/31/30^ | 11/14/23 | 3 |  | 0.0 |
|  Digicel International Finance Ltd. (Jamaica)\*^ | 01/26/24-01/29/24 | 63940 | 226442 | 0.1 |
|  Digicel International Finance Ltd. (Jamaica)\* | 01/29/24-01/30/24 | 255102 | 4216852 | 0.9 |
|  Digicel International Finance Ltd./DIFL US LLC (Jamaica),<br>Sr. Sec'd. Notes, 144A, 8.625%, 08/01/32 | 07/30/25 | 1410000 | 1466146 | 0.3 |
|  DISH DBS Corp., Gtd. Notes, 5.125%, 06/01/29 | 04/11/25-04/14/25 | 24250 | 35400 | 0.0 |
|  DISH DBS Corp., Gtd. Notes, 7.375%, 07/01/28 | 07/20/22 | 17250 | 23993 | 0.0 |
|  DISH DBS Corp., Gtd. Notes, 7.750%, 07/01/26 | 03/08/19-09/09/25 | 5215746 | 5495980 | 1.2 |
|  DISH Network Corp., Sr. Sec'd. Notes, 144A, 11.750%, 11/15/27 | 03/10/23 | 24750 | 25853 | 0.0 |
|  EchoStar Corp., Sr. Sec'd. Notes, Cash coupon 6.750% or<br>PIK 6.750%, 6.750%, 11/30/30 | 05/13/25 | 50286 | 59373 | 0.0 |
|  EchoStar Corp., Sr. Sec'd. Notes, 10.750%, 11/30/29 | 05/12/25-10/10/25 | 2377719 | 2521086 | 0.5 |
|  Radiate Holdco LLC/Radiate Finance, Inc., Sr. Sec'd.<br>Notes, 144A, Cash coupon 6.000% and PIK 3.250%, 9.250%, 03/25/30 | 06/30/25-09/15/25 | 1375004 | 1215729 | 0.3 |
|  Venator Materials PLC\*^ | 03/08/19-10/19/23 | 4596226 |  | 0.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | $17271238 | $16401735 | 3.5% |

---

(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:

**Unfunded loan commitments outstanding at January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal**<br>**Amount**<br>**(000)#** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized<br>Depreciation** |
|  ClubCorp Holdings, Inc., Delayed Draw Term Loan, 1.000%,<br>Maturity Date 07/09/32 (cost $30,983)^ | 31 | $31024 | $41 | $— |
|  ClubCorp Holdings, Inc., Revolver Loan, 0.500%, Maturity Date<br>07/10/31 (cost $51,638)^ | 52 | 51707 | 69 |  |
|  Doncasters US Finance LLC, 2025 Delayed Draw Term Loan,<br>1.500%, Maturity Date 04/01/30 (cost $120,000)^ | 120 | 120900 | 900 |  |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Unfunded loan commitments outstanding at January 31, 2026 (continued):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal**<br>**Amount**<br>**(000)#** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized<br>Depreciation** |
|  Graftech Global Enterprises, Inc., Delayed Draw Term Loan, 3.750%, Maturity Date 12/21/29 (cost $159,346) | 159 | $161243 | $1897 | $— |
|  Radiate Holdco LLC, Delayed Draw Term Loan, 1.500%, Maturity Date 06/26/29 (cost $85,000) | 85 | 84787 |  | (213) |
|  |  | $449661 | $2907 | $(213) |

---

**Futures contracts outstanding at January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current**<br>**Notional**<br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Long Positions:** | **Long Positions:** |  |  |  |
| 192 | 2 Year U.S. Treasury Notes | Mar. 2026 | $40030500 | $(34453) |
| 291 | 5 Year U.S. Treasury Notes | Mar. 2026 | 31698540 | (164847) |
| 178 | 10 Year U.S. Treasury Notes | Mar. 2026 | 19905407 | (189498) |
| 9 | 20 Year U.S. Treasury Bonds | Mar. 2026 | 1036125 | (10621) |
|  |  |  |  | (399419) |
|  **Short Position:** | **Short Position:** |  |  |  |
| 7 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2026 | 822063 | 16794 |
|  |  |  |  | $(382625) |

---

**Forward foreign currency exchange contracts outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase**<br> **Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Counterparty**  | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized<br>Appreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |  |  |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | CITI | GBP | 887 | $1211143 | $1214196 | $3053 | $— |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | HSBC | EUR | 2121 | 2513701 | 2514489 | 788 |  |
|  |  |  |  | $3724844 | $3728685 | 3841 |  |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 131

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Forward foreign currency exchange contracts outstanding at January 31, 2026 (continued):** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount<br>(000)** | **Notional**<br>**Amount<br>(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** | **Unrealized**<br>**Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |
|  British Pound, |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | BOA | GBP | 887 | $1194938 | $1214196 | $— |  | $(19258) |
| &nbsp;&nbsp; Expiring 03/03/26 | CITI | GBP | 887 | 1211101 | 1214162 |  |  | (3061) |
|  Euro, |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Expiring 02/03/26 | BARC | EUR | 2121 | 2480079 | 2514490 |  |  | (34411) |
| &nbsp;&nbsp; Expiring 03/03/26 | HSBC | EUR | 2121 | 2517031 | 2517756 |  |  | (725) |
|  |  |  |  | $7403149 | $7460604 |  |  | (57455) |
|  |  |  |  |  |  | $3841 |  | $(57455) |

---

**Credit default swap agreement outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination**<br>**Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied Credit**<br>**Spread at**<br>**January 31,**<br>**2026(4)** | **Value at**<br>**Trade Date** | **Value at**<br>**January 31,**<br>**2026** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** |  |  |
|  CDX.NA.HY.45.V2 | 12/20/30 | 5.000%(Q) | 16300 | 2.959% | $1183751 | $1458623 | $274872 |

---

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.

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection
or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap
agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit
spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a
deterioration of the referenced entity's credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

**Total return swap agreements outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing**<br> **Rate** | **Counterparty** | **Termination**<br>**Date** | **Long**<br>**(Short)**<br>**Notional**<br>**Amount**<br>**(000)#(1)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)(2)** |
|  **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |  |  |  |  |  |  |
|  iBoxx US Dollar Liquid High Yield Index(T) | 1 Day SOFR(Q)/ 3.680% | MSI | 03/20/26 | 42870 | $237826 | $— | $237826 |
|  iBoxx US Dollar Liquid High Yield Index(T) | 1 Day SOFR(Q)/ 3.680% | JPM | 03/20/26 | 67400 | 1388219 |  | 1388219 |
|  |  |  |  |  | $1626045 | $— | $1626045 |

---

(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).

**Balances Reported in the Statement of Assets and Liabilities for OTC Swap Agreements:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Premiums Paid** | **Premiums Received** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  OTC Swap Agreements | $— | $— | $1626045 | $— |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 133

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**<u>Summary of Collateral for Centrally Cleared/Exchange-traded Derivatives:</u>** 

Cash and securities segregated as collateral, including pending settlement for closed positions, to cover requirements for centrally cleared/exchange-traded derivatives are listed by broker as follows:

---

| | | |
|:---|:---|:---|
| **Broker** | **Cash and/or Foreign Currency** | **Securities Market Value** |
|  CGM | $612000 | $2117029 |
|  JPS |  | 1102365 |
|  **Total** | $612000 | $3219394 |

---

**<u>Fair Value Measurements:</u>** 

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.

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 January 31, 2026 in valuing such portfolio securities:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Asset-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations | $— | $3948026 | $— |
|  Corporate Bonds |  | 391538148 | 1535662 |
|  Floating Rate and Other Loans |  | 25028618 | 5997835 |
|  U.S. Treasury Obligations |  | 3689203 |  |
|  Affiliated Exchange-Traded Fund | 15617651 |  |  |
|  Common Stocks | 474483 | 9736635 | 873769 |
|  Preferred Stocks |  |  | 5101129 |
|  Warrants |  | 1 |  |
|  **Short-Term Investment** |  |  |  |
|  Affiliated Mutual Fund | 3661098 |  |  |
|  **Total** | $**19753232** | $**433940631** | $**13508395** |
|  **Other Financial Instruments\*** |  |  |  |
|  **Assets** |  |  |  |
|  Unfunded Loan Commitments | $— | $1897 | $1010 |
|  Futures Contracts | 16794 |  |  |
|  OTC Forward Foreign Currency Exchange Contracts |  | 3841 |  |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Other Financial Instruments\* (continued)** |  |  |  |
|  **Assets (continued)** |  |  |  |
|  Centrally Cleared Credit Default Swap Agreement | $— | $274872 | $— |
|  OTC Total Return Swap Agreements |  | 1626045 |  |
|  **Total** | $**16794** | $**1906655** | $**1010** |
|  **Liabilities** |  |  |  |
|  Unfunded Loan Commitment | $— | $(213) | $— |
|  Futures Contracts | (399419) |  |  |
|  OTC Forward Foreign Currency Exchange Contracts |  | (57455) |  |
|  **Total** | $**(399419)** | $**(57668)** | $**—** |

---

\* Other financial instruments are derivative instruments, with the exception of unfunded loan commitments, and are not reflected in the Schedule of Investments. Futures, forward foreign currency exchange contracts, centrally cleared swap contracts and unfunded loan commitments are recorded at net unrealized appreciation (depreciation), and OTC swap contracts are recorded at fair value. 

The following is a reconciliation of assets in which unobservable inputs (Level 3) were used in determining fair value:

---

| | | | |
|:---|:---|:---|:---|
|  | **Corporate Bonds** | **Floating Rate**<br>**and Other Loans** | **Common Stocks** |
|  **Balance as of 07/31/25** | $1538173 | $6606933 | $1334531 |
|  Realized gain (loss) | (5324995) | 14647 | 23159 |
|  Change in unrealized appreciation (depreciation) | 5199698 | (859465) | (460803) |
|  Purchase/Exchange/Issuances | 103823 | 72161 | 41 |
|  Sales/Paydowns | (5) | (1180242) | (23159) |
|  Accrued discount/premium | 18968 | 40672 |  |
|  Transfer into Level 3\* |  | 2139369 |  |
|  Transfer out of Level 3\* |  | (836240) |  |
|  **Balance as of 01/31/26** | $1535662 | $5997835 | $873769 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $(125297) | $(687540) | $(460799) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Preferred Stocks** | **Unfunded Corporate**<br>**Bond Commitment** | **Unfunded Loan**<br>**Commitments** |
|  **Balance as of 07/31/25** | $2839270 | $– | $3118 |
|  Realized gain (loss) |  | – |  |
|  Change in unrealized appreciation (depreciation) | 241859 | – | (1411) |
|  Purchase/Exchange/Issuances | 2020000 | – |  |
|  Sales/Paydowns |  | – |  |
|  Accrued discount/premium |  | – |  |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 135

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | |
|:---|:---|:---|:---|
|  | **Preferred Stocks** | **Unfunded Corporate**<br>**Bond Commitment** | **Unfunded Loan**<br>**Commitments** |
|  Transfer into Level 3\* | $— | $– | $1200 |
|  Transfer out of Level 3\* |  | – | (1897) |
|  **Balance as of 01/31/26** | $5101129 | $– | $1010 |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $241859 | $– | $(749) |

---

\* It is the Fund's policy to recognize transfers in and transfers out at the securities' fair values as of the beginning of period. Securities transferred between Level 2 and Level 3 are due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are typically a result of a change from the use of methods used by independent pricing services (Level 2) to the use of a single broker quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market quotations (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market data provided by independent pricing services or other valuation techniques which utilize observable inputs. In accordance with the requirements of ASC 820, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to the Schedule of Investments of the Fund. 

Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by the Board, which contain unobservable inputs as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3 Securities\*\*** | **Fair Value as of<br>January 31,<br>2026** | **Valuation<br> Methodology**  | **Unobservable<br>Inputs** | **Inputs**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Range)**  | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Corporate Bonds | $883433 | Market/Recovery Value | Recovery Rate | 0.00% - 85.00% | Increase |
|  Corporate Bonds | 652229 | Market/Transaction Based | Unadjusted Price | NA | NA |
|  Floating Rate and Other Loans | 1206196 | Market/Comparable Bond | Adjusted Yield | 9.70% | Decrease |
|  Floating Rate and Other Loans | 1530661 | Market/Enterprise Value | EBITDA Multiple | 10.00x - 11.00x | Increase |
|  Floating Rate and Other Loans | 834443 | Market/Recovery Value | Recovery Rate | 2.00% - 75.00% | Increase |
|  Common Stocks | 361227 | Market/Discounted Cash Flow | Discount Rate | 40.00% | Decrease |
|  Common Stocks | 236780 | Market/Recovery Value | Recovery Rate | 0.00% - 5.00% | Increase |
|  Preferred Stocks | 226442 | Market/Recovery Value | Recovery Rate | 12.55% | Increase |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3 Securities\*\*** | **Fair Value as of<br>January 31,<br>2026** | **Valuation<br> Methodology**  | **Unobservable<br>Inputs** | **Inputs**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Range)**  | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Preferred Stocks | $4874687 | Market/Transaction Based | Unadjusted Price | NA | NA |
|  Unfunded Loan Commitments | 110 | Market/Enterprise Value | EBITDA Multiple | 11.00x | Increase |
|  | $10806208 |  |  |  |  |

---

\*\* The table does not include Level 3 securities and/or derivatives that are valued by independent pricing vendors or brokers. As of January 31, 2026, the aggregate value of these securities and/or derivatives was $2,703,197. The unobservable inputs for these investments were not developed by the Fund and are not readily available (e.g. single broker quotes). 

**<u>Industry Classification:</u>** 

The industry classification of investments and other assets in excess of liabilities shown as a percentage of net assets as of January 31, 2026 were as follows:

---

| | |
|:---|:---|
|  Telecommunications | 8.1 |
|  Media | 6.2 |
|  Oil & Gas | 5.8 |
|  Diversified Financial Services | 5.1 |
|  Commercial Services | 4.4 |
|  Electric | 4.2 |
|  Retail | 4.1 |
|  Home Builders | 3.9 |
|  Healthcare-Services | 3.7 |
|  Entertainment | 3.6 |
|  Pipelines | 3.6 |
|  Affiliated Exchange-Traded Fund | 3.3 |
|  Chemicals | 2.4 |
|  Mining | 2.1 |
|  Packaging & Containers | 2.1 |
|  Real Estate Investment Trusts (REITs) | 2.0 |
|  Leisure Time | 1.8 |
|  Pharmaceuticals | 1.7 |
|  Insurance | 1.7 |
|  Foods | 1.6 |
|  Computers | 1.6 |
|  Auto Parts & Equipment | 1.5 |
|  Iron/Steel | 1.5 |

---

---

| | |
|:---|:---|
|  Lodging | 1.5 |
|  Building Materials | 1.3 |
|  Auto Manufacturers | 1.3 |
|  Airlines | 1.3 |
|  Aerospace & Defense | 1.2 |
|  Wireless Telecommunication Services | 1.1 |
|  Electronic Equipment, Instruments & Components | 1 |
|  Banks | 1 |
|  Internet | 0.9 |
|  Real Estate | 0.9 |
|  Collateralized Loan Obligations | 0.8 |
|  Machinery-Diversified | 0.8 |
|  Housewares | 0.8 |
|  U.S. Treasury Obligations | 0.8 |
|  Environmental Control | 0.8 |
|  Affiliated Mutual Fund | 0.8 |
|  Software | 0.6 |
|  Oil, Gas & Consumable Fuels | 0.6 |
|  Metal Fabricate/Hardware | 0.6 |
|  Electrical Components & Equipment | 0.5 |
|  Engineering & Construction | 0.5 |
|  Miscellaneous Manufacturing | 0.5 |
|  Apparel | 0.4 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 137

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**<u>Industry Classification (continued)</u>:** 

---

| | |
|:---|:---|
|  Holding Companies-Diversified | 0.4 |
|  Home Furnishings | 0.4 |
|  Household Products/Wares | 0.4 |
|  Gas Utilities | 0.4 |
|  Oil & Gas Services | 0.4 |
|  Investment Companies | 0.3 |
|  Advertising | 0.2 |
|  Transportation | 0.2 |
|  Machinery-Construction & Mining | 0.2 |
|  Distribution/Wholesale | 0.2 |
|  Gas | 0.1 |
|  Electronics | 0.1 |
|  Forest Products & Paper | 0.1 |

---

---

| | |
|:---|:---|
|  Electric Utilities | 0.1% |
|  Coal | 0.1 |
|  Biotechnology | 0.1 |
|  Cosmetics/Personal Care | 0.1 |
|  Office/Business Equipment | 0.1 |
|  Interactive Media & Services | 0.0 \* |
|  Containers & Packaging | 0.0 \* |
|  | 99.9 |
|  Other assets in excess of liabilities | 0.1 |
|  | 100.0% |

---

\* Less than 0.05% 

**<u>Effects of Derivative Instruments on the Financial Statements and Primary Underlying Risk Exposure:</u>** 

The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. See the Notes to Financial Statements for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund's financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of January 31, 2026 as presented in the Statement of Assets and Liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| <br>**Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair**<br>**Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br>Value** |
|  Credit contracts | Due from/to broker-variation margin swaps | $274872 \* |  | $— |
|  Foreign exchange contracts | Unrealized appreciation on OTC forward foreign currency exchange contracts | 3841 | Unrealized depreciation on OTC forward foreign currency exchange contracts | 57455 |
|  Interest rate contracts | Due from/to broker-variation margin futures | 16794 \* | Due from/to broker-variation margin futures | 399419 \* |
|  Interest rate contracts | Unrealized appreciation on OTC swap agreements | 1626045 |  |  |
|  |  | $1921552 |  | $456874 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

\* Includes cumulative appreciation (depreciation) as reported in the schedule of open futures and centrally cleared swap contracts. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

The effects of derivative instruments on the Statement of Operations for the six months ended January 31, 2026 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** |
| **Derivatives not accounted for as hedging**<br> **instruments, carried at fair value** | **Options**<br>**Written** | **Futures** | **Forward**<br>**Currency**<br>**Exchange**<br>**Contracts** | **Swaps** |
|  Credit contracts | $19074 | $— | $— | $1598805 |
|  Foreign exchange contracts |  |  | 34616 |  |
|  Interest rate contracts |  | 1096165 |  | 3743605 |
|  **Total** | $19074 | $1096165 | $34616 | $5342410 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** |
| **Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $— | $— | $(910533) |
|  Foreign exchange contracts |  | (140921) |  |
|  Interest rate contracts | (564770) |  | (1542514) |
|  **Total** | $(564770) | $(140921) | $(2453047) |

---

For the six months ended January 31, 2026, the Fund's average volume of derivative activities is as follows:

---

| | |
|:---|:---|
| **Derivative Contract Type** | **Average Volume of Derivative Activities\*** |
| &nbsp;&nbsp; Options Written (1) | $943333 |
| &nbsp;&nbsp; Futures Contracts - Long Positions (1) | 86014616 |
| &nbsp;&nbsp; Futures Contracts - Short Positions (1) | 274021 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Purchased (2) | 3574697 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Sold (2) | 7343057 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Sell Protection (1) | 17570117 |
| &nbsp;&nbsp; Total Return Swap Agreements (1) | 135223333 |

---

\* Average volume is based on average quarter end balances for the six months ended January 31, 2026.

(1) Notional Amount in USD.

(2) Value at Settlement Date.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 139

------

**PGIM High Yield Bond Fund, Inc.** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**<u>Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:</u>** 

The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives where the legal right to set-off exists is presented in the summary below.

**Offsetting of OTC derivative assets and liabilities:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of**<br>**Recognized**<br>**Assets(1)** | **Gross Amounts of**<br>**Recognized**<br>**Liabilities(1)** | **Net Amounts of**<br>**Recognized**<br>**Assets/(Liabilities)** | **Collateral**<br>**Pledged/(Received)(2)** | **Net Amount** |
|  BARC | $— | $(34411) | $(34411) | $— | $(34411) |
|  BOA |  | (19258) | (19258) |  | (19258) |
|  CITI | 3053 | (3061) | (8) |  | (8) |
|  HSBC | 788 | (725) | 63 |  | 63 |
|  JPM | 1388219 |  | 1388219 | (1388219) |  |
|  MSI | 237826 |  | 237826 | (237826) |  |
|  | $1629886 | $(57455) | $1572431 | $(1626045) | $(53614) |

---

(1) Includes unrealized appreciation/(depreciation) on swaps and forwards, premiums paid/(received) on swap agreements and
market value of purchased and written options, as represented on the Statement of Assets and Liabilities.

(2) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions and the
Fund's OTC derivative exposure by counterparty.

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Statement of Assets & Liabilities** (unaudited)

as of January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Assets** | |
| &nbsp;&nbsp; Investments at value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $447,959,768) | $447923509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $19,152,905) | 19278749 |
| &nbsp;&nbsp; Cash | 43218 |
| &nbsp;&nbsp; Foreign currency, at value (cost $64,163) | 65192 |
| &nbsp;&nbsp; Dividends and interest receivable | 7609712 |
| &nbsp;&nbsp; Unrealized appreciation on OTC swap agreements | 1626045 |
| &nbsp;&nbsp; Deposit with broker for centrally cleared/exchange-traded derivatives | 612000 |
| &nbsp;&nbsp; Receivable for investments sold | 305426 |
| &nbsp;&nbsp; Due from broker—variation margin futures | 26142 |
| &nbsp;&nbsp; Unrealized appreciation on OTC forward foreign currency exchange contracts | 3841 |
| &nbsp;&nbsp; Unrealized appreciation on unfunded loan commitments | 2907 |
| &nbsp;&nbsp; Prepaid expenses and other assets | 97902 |
| &nbsp;&nbsp; **Total Assets** | 477594643 |
| &nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp; Payable for investments purchased | 9309787 |
| &nbsp;&nbsp; Management fee payable | 314968 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 142329 |
| &nbsp;&nbsp; Deferred directors' fees and directors' fees payable | 58605 |
| &nbsp;&nbsp; Unrealized depreciation on OTC forward foreign currency exchange contracts | 57455 |
| &nbsp;&nbsp; Interest payable | 36167 |
| &nbsp;&nbsp; Due to broker—variation margin swaps | 13365 |
| &nbsp;&nbsp; Unrealized depreciation on unfunded loan commitments | 213 |
| &nbsp;&nbsp; Dividends and Distributions payable | 8 |
| &nbsp;&nbsp; **Total Liabilities** | 9932897 |
| &nbsp;&nbsp; **Net Assets** | $467661746 |
| &nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, at par | $33337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 599371247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (131742838) |
| &nbsp;&nbsp; **Net assets, January 31, 2026** | $467661746 |
| &nbsp;&nbsp; Net asset value per share<br> ($467,661,746 ÷ 33,336,928 shares of common stock issued and outstanding) | $14.03 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 141

------

**PGIM High Yield Bond Fund, Inc.** 

**Statement of Operations** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| **Net Investment Income (Loss)** | |
| &nbsp;&nbsp; Income |  |
| &nbsp;&nbsp; Interest income (net of $3,876 foreign withholding tax) | $16287364 |
| &nbsp;&nbsp; Affiliated dividend income | 558460 |
| &nbsp;&nbsp; Unaffiliated dividend income | 13507 |
| &nbsp;&nbsp; **Total income** | 16859331 |
| &nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp; Management fee | 1894182 |
| &nbsp;&nbsp; Other borrowing fees and expenses | 214667 |
| &nbsp;&nbsp; Professional fees | 52240 |
| &nbsp;&nbsp; Custodian and accounting fees | 49068 |
| &nbsp;&nbsp; Shareholders' reports | 35067 |
| &nbsp;&nbsp; Audit fee | 25484 |
| &nbsp;&nbsp; Transfer agent's fees and expenses | 12466 |
| &nbsp;&nbsp; Directors' fees | 5652 |
| &nbsp;&nbsp; Miscellaneous | 38773 |
| &nbsp;&nbsp; **Total expenses** | 2327599 |
| &nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement | (14989) |
| &nbsp;&nbsp; **Net expenses** | 2312610 |
| &nbsp;&nbsp; Net investment income (loss) | 14546721 |
| **Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions** |  |
| &nbsp;&nbsp; Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment transactions | (4693148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures transactions | 1096165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contract transactions | 34616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written transactions | 19074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreement transactions | 5342410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | 23917 |
|  | 1823034 |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments (including affiliated of $21,211) | 5204363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | (564770) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (140921) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreements | (2453047) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 4209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unfunded loan commitments | (1267) |
|  | 2048567 |
| &nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 3871601 |
| &nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $18418322 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Statements of Changes in Net Assets** (unaudited)

---

| | | |
|:---|:---|:---|
| | **Six Months Ended**<br>**January 31, 2026** | **Year Ended<br>July 31, 2025** |
| <br>&nbsp;&nbsp; **Increase (Decrease) in Net Assets** | | |
| &nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp; Net investment income (loss) | $14546721 | $30296988 |
| &nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | 1823034 | (14181718) |
| &nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | 2048567 | 29557180 |
| &nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 18418322 | 45672450 |
| &nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp; Distributions from distributable earnings | (20986214) | (32836200) |
| &nbsp;&nbsp; Tax return of capital distributions |  | (9079951) |
| &nbsp;&nbsp; Total dividends and distributions | (20986214) | (41916151) |
| &nbsp;&nbsp; **Fund share transactions** |  |  |
| &nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions [41,064 and 39,140 shares, respectively] | 578733 | 546786 |
| &nbsp;&nbsp; Total increase (decrease) | (1989159) | 4303085 |
| &nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp; Beginning of period | 469650905 | 465347820 |
| &nbsp;&nbsp; End of period | $467661746 | $469650905 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 143

------

**PGIM High Yield Bond Fund, Inc.** 

**Statement of Cash Flows** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
|  **Cash Flows Provided By / (Used For) Operating Activities:** |  |
|  Net increase (decrease) in net assets resulting from operations | $18418322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Adjustments To Reconcile Net Increase (Decrease) In Net Assets Resulting From Operations To Net Cash Provided By / (Used For) Operating Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposition of long-term portfolio investments, net of amounts receivable | 116969617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of long-term portfolio investments, net of amounts payable | (116639456) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net proceeds (purchases) of short-term portfolio investments | 2788391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for swap agreements | 4431877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for options written | 19074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of premium and accretion of discount on portfolio investments | (1476524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on investment transactions | 4693148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on futures transactions | (1096165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on options written transactions | (19074) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on forward currency contract transactions | (34616) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on swap agreement transactions | (5342410) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on foreign currency transactions | (23917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on investments (including affiliated of $21,211) | (5204363) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on futures | 564770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on forward currency contracts | 140921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on swap agreements | 2453047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on foreign currencies | (4209) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on unfunded loan commitments | 1267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Increase) Decrease In Assets:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and interest receivable | (218672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | (14774) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) In Liabilities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management fee payable | (872) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other liabilities | 63607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred directors' fees and directors' fees payable | (1484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to broker - variation margin swaps | (4914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distribution fee payable | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total adjustments | 2044262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) operating activities | 20462584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash | 594137 |
|  **Cash Flows Provided By (Used For) Financing Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net asset value of shares issued in reinvestment of dividends and distributions | 578733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid on distributions from distributable earnings | (20986214) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) financing activities | (20407481) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in cash and restricted cash, including foreign currency | 649240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash at beginning of period, including foreign currency | 97312 |
|  **Cash And Restricted Cash At End Of Period, Including Foreign Currency** | $746552 |

---

See Notes to Financial Statements.

------

**PGIM High Yield Bond Fund, Inc.** 

**Statement of Cash Flows** (unaudited) (continued)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Supplemental Disclosure of Cash Flow Information and non-cash activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid during the period for interest expense | $214667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash purchases of investments | $2517336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash sales of investments | $&nbsp;&nbsp;&nbsp;&nbsp;2051566 |
|  **Reconciliation Of Cash And Restricted Cash Reported With The Statement Of Assets And Liabilities To The Statement Of Cash Flows:** | **Reconciliation Of Cash And Restricted Cash Reported With The Statement Of Assets And Liabilities To The Statement Of Cash Flows:** |

---

---

| | |
|:---|:---|
|  | **January 31, 2026** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | $43218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency, at value | 65192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Restricted cash: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit with broker for centrally cleared/exchange-traded derivatives | 612000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from broker-variation margin futures | 26142 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Cash and Restricted Cash, Including Foreign Currency** | $746552 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 145

------

**Financial Highlights** (unaudited)

Six Months Ended January 31, 2026

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | **Year Ended**<br> **July 31,** | | **Year<br>Ended<br>May 31,** |
|  | **Six**<br> **Months**<br> **Ended**<br> **January 31,**<br>**2026** | **2025** | **2024** | **2023** | **2022** | **Two<br>Months<br>Ended<br>July 31,**<br>**2021** |  **<u>2021</u>** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(a)</sup>:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | &nbsp;&nbsp;&nbsp;&nbsp;$14.11 | $13.99 | $13.79 | $14.44 | $17.22 | $17.15 | $15.05 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.44 | 0.91 | 0.86 | 0.91 | 0.96 | 0.17 | 1.08 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investment and foreign currency transactions | 0.11 | 0.47 | 0.60 | (0.30) | (2.48) | 0.11 | 2.28 |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.55 | 1.38 | 1.46 | 0.61 | (1.52) | 0.28 | 3.36 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.63) | (0.99) | (1.01) | (1.10) | (1.07) | (0.18) | (1.12) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions | - | (0.27) | (0.25) | (0.16) | (0.19) | (0.03) | (0.14) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.63) | (1.26) | (1.26) | (1.26) | (1.26) | (0.21) | (1.26) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $14.03 | $14.11 | $13.99 | $13.79 | $14.44 | $17.22 | $17.15 |
| &nbsp;&nbsp;&nbsp; Market price, end of period | $14.60 | $14.34 | $13.53 | $12.42 | $13.02 | $16.19 | $16.18 |
| &nbsp;&nbsp;&nbsp; **Total Return<sup>(b)</sup>:** | 6.45% | 15.97% | 20.48% | 5.60% | (12.48)% | 1.35% | 31.72% |
| &nbsp;&nbsp;&nbsp;**Ratios/Supplemental Data:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $467662 | $469651 | $465348 | $458466 | $480364 | $572679 | $570258 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $469690 | $465922 | $452990 | $457031 | $533901 | $573494 | $545673 |
| &nbsp;&nbsp;&nbsp;Ratios to average net assets<sup>(c)</sup>: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses after waivers and/or expense reimbursement<sup>(d)</sup> | 0.98 %<sup>(e)</sup> | 2.15% | 2.80% | 2.45% | 1.48% | 1.43 %<sup>(f)</sup> | 1.45% |
| &nbsp;&nbsp;&nbsp;Expenses before waivers and/or expense reimbursement<sup>(d)</sup> | 0.99 %<sup>(e)</sup> | 2.15% | 2.80% | 2.45% | 1.48% | 1.43 %<sup>(f)</sup> | 1.45% |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 6.14 %<sup>(e)</sup> | 6.50% | 6.34% | 6.59% | 6.01% | 5.86 %<sup>(f)</sup> | 6.58% |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(g)</sup> | 25% | 45% | 36% | 22% | 30% | 7% | 56% |
| &nbsp;&nbsp;&nbsp; Asset coverage | - % | -% | 488% | 453% | 500% | 416% | 400% |
| &nbsp;&nbsp;&nbsp; Total debt outstanding at period-end (000) | $- | $- | $120000 | $130000 | $120000 | $181000 | $190000 |

---

(a) Calculated based on average shares outstanding during the period.

(b) Total return is calculated assuming a purchase of common stock at the current market price on the first day and a sale at
the closing market price on the last day for the period reported. Dividends are assumed, for the purpose of this calculation, to be reinvested at prices obtainable under the Fund's dividend reinvestment plan. This amount does not reflect
brokerage commissions or sales load. Total returns for periods less than one full year are not annualized.

(c) Does not include expenses of the underlying funds in which the Fund invests.

(d) Includes interest expense and other borrowing fees and expenses of 0.09%, 1.11%, 1.70%, 1.36%, 0.35%, 0.28% and 0.30%, for
the six months ended January 31, 2026, years ended July 31, 2025, 2024, 2023, 2022, two months ended July 31, 2021 and year ended May 31, 2021, respectively.

(e) Annualized.

(f) Annualized, with the exception of certain non-recurring expenses.

See Notes to Financial Statements.

------

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

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

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

(g) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to
transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 147

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **LONG-TERM INVESTMENTS 96.5%**<br>&nbsp;&nbsp; **ASSET-BACKED SECURITIES 1.1%**<br>&nbsp;&nbsp; **Collateralized Loan Obligations** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Saratoga Investment Corp. CLO Ltd. (Cayman Islands),<br>Series 2013-01A, Class A1R4, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 4.968%(c) | 04/20/33 | 548 | $548609 |
| &nbsp;&nbsp; Sound Point CLO Ltd. (Cayman Islands),<br>Series 2018-03A, Class A1AR, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 4.968(c) | 10/26/31 | 964 | 965114 |
| &nbsp;&nbsp; TICP CLO Ltd. (Cayman Islands),<br>Series 2017-07A, Class ASR2, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 4.972(c) | 04/15/33 | 3067 | 3071206 |
| &nbsp;&nbsp; Voya CLO Ltd. (Cayman Islands),<br>Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 4.900(c) | 04/25/31 | 24 | 24393 |
| &nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES**<br> (cost $4,604,105) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4609322 |
| &nbsp;&nbsp; **CORPORATE BONDS 81.9%** |  |  |  |  |
| &nbsp;&nbsp; **Advertising 0.3%** |  |  |  |  |
| &nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 04/01/30 | 200 | 210469 |
| &nbsp;&nbsp; Neptune Bidco US, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.290 | 04/15/29 | 850 | 872893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 02/15/33 | 320 | 325923 |
|  |  |  |  | 1409285 |
| &nbsp;&nbsp; **Aerospace & Defense 1.2%** |  |  |  |  |
| &nbsp;&nbsp; ATI, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.250 | 08/15/30 | 145 | 151992 |
| &nbsp;&nbsp; Boeing Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.196 | 02/04/26 | 725 | 725000 |
| &nbsp;&nbsp; Bombardier, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 02/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 | 2603250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 02/01/29 | 115 | 119313 |
| &nbsp;&nbsp; TransDigm, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.625 | 01/15/29 | 300 | 298378 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Aerospace & Defense (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; TransDigm, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375% | 03/01/29 | 1005 | $1033929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 08/15/28 | 450 | 457970 |
|  |  |  |  | 5389832 |
| &nbsp;&nbsp; **Airlines 1.4%** |  |  |  |  |
| &nbsp;&nbsp; American Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 02/15/28 | 475 | 483782 |
| &nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 04/20/26 | 383 | 383564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 04/20/29 | 100 | 100969 |
| &nbsp;&nbsp; United Airlines Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375 | 03/01/31 | 375 | 378804 |
| &nbsp;&nbsp; United Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.375 | 04/15/26 | 1690 | 1688759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 04/15/29 | 725 | 724289 |
| &nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.375 | 02/01/30 | 310 | 294500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.875 | 05/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1296619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/28 | 825 | 850781 |
|  |  |  |  | 6202067 |
| &nbsp;&nbsp; **Apparel 0.5%** |  |  |  |  |
| &nbsp;&nbsp; Kontoor Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 11/15/29 | 1000 | 948619 |
| &nbsp;&nbsp; Wolverine World Wide, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 08/15/29 | 1175 | 1096868 |
|  |  |  |  | 2045487 |
| &nbsp;&nbsp; **Auto Manufacturers 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Ford Motor Credit Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 2.700 | 08/10/26 | 200 | 198354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.125 | 08/17/27 | 200 | 199037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.950 | 05/28/27 | 200 | 201143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.350 | 11/04/27 | 425 | 443857 |
| &nbsp;&nbsp; New Flyer Holdings, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.250 | 07/01/30 | 285 | 306537 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 149

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Auto Manufacturers (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Nissan Motor Acceptance Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 5.625% | 09/29/28 | 700 | $702373 |
| &nbsp;&nbsp; Nissan Motor Co. Ltd. (Japan), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.345 | 09/17/27 | 1170 | 1157423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 07/17/30 | 1370 | 1437216 |
| &nbsp;&nbsp; PM General Purchaser LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 10/01/28 | 1000 | 924440 |
|  |  |  |  | 5570380 |
| &nbsp;&nbsp; **Auto Parts & Equipment 1.2%** |  |  |  |  |
| &nbsp;&nbsp; Adient Global Holdings Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 04/15/28 | 405 | 413639 |
| &nbsp;&nbsp; Clarios Global LP/Clarios US Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 09/15/32 | 495 | 511731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 02/15/30 | 50 | 52235 |
| &nbsp;&nbsp; Phinia, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/29 | 635 | 657400 |
| &nbsp;&nbsp; Qnity Electronics, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 08/15/32 | 235 | 239284 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 11/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2363041 |
| &nbsp;&nbsp; Titan International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 7.000 | 04/30/28 | 625 | 627441 |
| &nbsp;&nbsp; ZF North America Capital, Inc. (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 03/24/31 | 230 | 235750 |
|  |  |  |  | 5100521 |
| &nbsp;&nbsp; **Banks 0.7%** |  |  |  |  |
| &nbsp;&nbsp; Freedom Mortgage Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625 | 01/15/27 | 1350 | 1349945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 12.250 | 10/01/30 | 500 | 550294 |
| &nbsp;&nbsp; Popular, Inc. (Puerto Rico), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 7.250 | 03/13/28 | 1000 | 1042262 |
|  |  |  |  | 2942501 |
| &nbsp;&nbsp; **Building Materials 1.1%** |  |  |  |  |
| &nbsp;&nbsp; Builders FirstSource, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 03/01/30 | 105 | 104597 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Building Materials (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Cornerstone Building Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125% | 01/15/29 | 150 | $66141 |
| &nbsp;&nbsp; CP Atlas Buyer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.750 | 07/15/30 | 225 | 234037 |
| &nbsp;&nbsp; Griffon Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.750 | 03/01/28 | 650 | 649681 |
| &nbsp;&nbsp; JELD-WEN, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 12/15/27 | 625 | 548985 |
| &nbsp;&nbsp; Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 03/01/32 | 650 | 674159 |
| &nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 11/01/28 | 265 | 265981 |
| &nbsp;&nbsp; Standard Building Solutions, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 08/01/33 | 15 | 15331 |
| &nbsp;&nbsp; Standard Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375 | 07/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1303716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.750 | 01/15/28 | 1175 | 1169562 |
|  |  |  |  | 5032190 |
| &nbsp;&nbsp; **Chemicals 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Celanese US Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 1.400 | 08/05/26 | 250 | 245535 |
| &nbsp;&nbsp; Cornerstone Chemical Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%^(x) | 10.000 | 05/07/29 | 226 | 191733 |
| &nbsp;&nbsp; Hercules LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes | 6.500 | 06/30/29 | 200 | 201372 |
| &nbsp;&nbsp; NOVA Chemicals Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.250 | 05/15/29 | 630 | 617413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 12/01/31 | 990 | 1056676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.000 | 02/15/30 | 370 | 393814 |
| &nbsp;&nbsp; Olympus Water US Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.250 | 10/01/28 | 700 | 678210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 06/15/31 | 200 | 205033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 10/01/29 | 500 | 491296 |
| &nbsp;&nbsp; SNF Group SACA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.125 | 03/15/27 | 1225 | 1204640 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 151

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Chemicals (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Tronox, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625% | 03/15/29 | 125 | $96001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.125 | 09/30/30 | 235 | 232876 |
|  |  |  |  | 5614599 |
| &nbsp;&nbsp; **Coal 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Coronado Finance Pty Ltd. (Australia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 10/01/29 | 595 | 562275 |
| &nbsp;&nbsp; **Commercial Services 4.5%** |  |  |  |  |
| &nbsp;&nbsp; Adtalem Global Education, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 03/01/28 | 321 | 320722 |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 02/15/31 | 1550 | 1628627 |
| &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 06/15/30 | 780 | 809992 |
| &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 06/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 06/01/28 | 950 | 938543 |
| &nbsp;&nbsp; Alta Equipment Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.000 | 06/01/29 | 215 | 205208 |
| &nbsp;&nbsp; AMN Healthcare, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 04/15/29 | 450 | 430393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 01/15/31 | 1055 | 1071349 |
| &nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 07/15/27 | 583 | 582491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 07/15/27 | 1082 | 1082182 |
| &nbsp;&nbsp; Block, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 08/15/30 | 615 | 625984 |
| &nbsp;&nbsp; Clarivate Science Holdings Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 07/01/29 | 385 | 330571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 07/01/28 | 1000 | 943982 |
| &nbsp;&nbsp; DCLI Bidco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Mortgage, 144A | 7.750 | 11/15/29 | 1065 | 1084597 |
| &nbsp;&nbsp; Herc Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/15/31 | 750 | 754962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 06/15/29 | 480 | 496749 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Commercial Services (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Herc Holdings, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000% | 06/15/30 | 1060 | $1112072 |
| &nbsp;&nbsp; Hertz Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 12/01/26 | 56 | 52929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 12.625 | 07/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292005 |
| &nbsp;&nbsp; Mavis Tire Express Services Topco Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 05/15/29 | 425 | 424312 |
| &nbsp;&nbsp; NESCO Holdings II, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 5.500 | 04/15/29 | 750 | 739254 |
| &nbsp;&nbsp; United Rentals North America, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.875 | 02/15/31 | 975 | 929960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.000 | 07/15/30 | 300 | 290053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.875 | 01/15/28 | 100 | 100008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 3.875 | 11/15/27 | 750 | 743495 |
| &nbsp;&nbsp; Veritiv Operating Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.500 | 11/30/30 | 915 | 980830 |
| &nbsp;&nbsp; VT Topco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 08/15/30 | 510 | 522209 |
| &nbsp;&nbsp; Williams Scotsman, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 04/15/30 | 230 | 238171 |
|  |  |  |  | 19454927 |
| &nbsp;&nbsp; **Computers 0.8%** |  |  |  |  |
| &nbsp;&nbsp; Fortress Intermediate 3, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 06/01/31 | 930 | 948730 |
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 04/01/29 | 675 | 723158 |
| &nbsp;&nbsp; NCR Voyix Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/01/28 | 1100 | 1088565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 04/15/29 | 900 | 889186 |
|  |  |  |  | 3649639 |
| &nbsp;&nbsp; **Cosmetics/Personal Care 0.1%** |  |  |  |  |
| &nbsp;&nbsp; P&L Development LLC/PLD Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 9.000% and PIK 3.500% or Cash coupon 12.000% | 12.000 | 05/15/29 | 413 | 420952 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 153

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Distribution/Wholesale 0.1%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Velocity Vehicle Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000% | 06/01/29 | 300 | $293955 |
| &nbsp;&nbsp; Windsor Holdings III LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 06/15/30 | 350 | 369128 |
|  |  |  |  | 663083 |
| &nbsp;&nbsp; **Diversified Financial Services 6.6%** |  |  |  |  |
| &nbsp;&nbsp; Azorra Finance Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 01/15/31 | 340 | 355725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 04/15/30 | 385 | 405186 |
| &nbsp;&nbsp; Bread Financial Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 05/15/31 | 235 | 241803 |
| &nbsp;&nbsp; Encore Capital Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 04/15/31 | 265 | 267484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 05/15/30 | 200 | 214461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 04/01/29 | 819 | 861339 |
| &nbsp;&nbsp; Freedom Mortgage Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 05/01/31 | 715 | 710148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 02/01/29 | 880 | 921118 |
| &nbsp;&nbsp; GGAM Finance Ltd. (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 02/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1145258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 06/15/28 | 1275 | 1341938 |
| &nbsp;&nbsp; goeasy Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 05/15/30 | 265 | 251921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 02/15/31 | 465 | 435942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 12/01/28 | 935 | 960713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 10/01/30 | 520 | 500370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.625 | 07/01/29 | 725 | 716663 |
| &nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 10/15/31 | 425 | 421220 |
| &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd. (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.400 | 03/26/29 | 645 | 676688 |
| &nbsp;&nbsp; Navient Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.875 | 03/15/28 | 1125 | 1102457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.000 | 03/15/27 | 1175 | 1166750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.750 | 06/15/26 | 400 | 401677 |
| &nbsp;&nbsp; OneMain Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.500 | 01/15/27 | 375 | 370315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.875 | 09/15/28 | 1275 | 1239922 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Diversified Financial Services (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; OneMain Finance Corp., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.375% | 11/15/29 | 1573 | $1568843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 05/15/30 | 420 | 427949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.625 | 01/15/28 | 400 | 410548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/15/32 | 1675 | 1711967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 09/15/33 | 75 | 75951 |
| &nbsp;&nbsp; PennyMac Financial Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250 | 02/15/29 | 1950 | 1875026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 11/15/30 | 150 | 154830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 12/15/29 | 450 | 474082 |
| &nbsp;&nbsp; PRA Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 02/01/28 | 1200 | 1211578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.875 | 01/31/30 | 365 | 367394 |
| &nbsp;&nbsp; Rocket Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 08/01/30 | 1145 | 1172673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 08/01/29 | 220 | 226212 |
| &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 2.875 | 10/15/26 | 1262 | 1245211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 03/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 03/01/31 | 1475 | 1383391 |
| &nbsp;&nbsp; UWM Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 03/15/31 | 170 | 168928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.625 | 02/01/30 | 355 | 357985 |
|  |  |  |  | 28866031 |
| &nbsp;&nbsp; **Electric 4.4%** |  |  |  |  |
| &nbsp;&nbsp; Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.500 | 02/15/28 | 1600 | 1599487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 03/15/28 | 1700 | 1699263 |
| &nbsp;&nbsp; Constellation Energy Generation LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 02/01/31 | 25 | 25346 |
| &nbsp;&nbsp; NRG Energy, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.750 | 01/15/28 | 1357 | 1357756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.375 | 02/15/29 | 1050 | 1006525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.875 | 02/15/32 | 25 | 23394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 06/15/29 | 2275 | 2281420 |
| &nbsp;&nbsp; PG&E Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 5.000 | 07/01/28 | 1750 | 1745945 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 155

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Electric (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Vistra Operations Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375% | 05/01/29 | 2825 | $2791674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 07/31/27 | 3975 | 3977589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 02/15/27 | 250 | 250087 |
| &nbsp;&nbsp; VoltaGrid LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 7.375 | 11/01/30 | 2215 | 2244616 |
|  |  |  |  | 19003102 |
| &nbsp;&nbsp; **Electrical Components & Equipment 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Energizer Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 03/31/29 | 950 | 912643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/28 | 650 | 642433 |
| &nbsp;&nbsp; WESCO Distribution, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 03/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 06/15/28 | 900 | 911361 |
|  |  |  |  | 2729475 |
| &nbsp;&nbsp; **Electronics 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Sensata Technologies BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 04/15/29 | 700 | 682848 |
| &nbsp;&nbsp; **Entertainment 2.9%** |  |  |  |  |
| &nbsp;&nbsp; Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 10/15/29 | 3575 | 3432273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 02/15/30 | 1575 | 1626793 |
| &nbsp;&nbsp; Churchill Downs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 04/01/30 | 375 | 377066 |
| &nbsp;&nbsp; Jacobs Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 350 | 345609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/15/29 | 550 | 541577 |
| &nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 05/01/29 | 1475 | 1448713 |
| &nbsp;&nbsp; Penn Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.125 | 07/01/29 | 325 | 301918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 01/15/27 | 1300 | 1297715 |
| &nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 10/15/30 | 380 | 385831 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Entertainment (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games US FinCo, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.625% | 03/01/30 |  | 750 | $685206 |
| &nbsp;&nbsp; Voyager Parent LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 07/01/32 |  | 1150 | 1222579 |
| &nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 10/01/29 |  | 700 | 703833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/15/31 |  | 150 | 161650 |
|  |  |  |  |  | 12530763 |
| &nbsp;&nbsp; **Environmental Control 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Clean Harbors, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 02/01/31 |  | 1225 | 1254304 |
| &nbsp;&nbsp; GFL Environmental, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.000 | 08/01/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.375 | 08/15/29 |  | 860 | 841725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/29 |  | 350 | 347410 |
| &nbsp;&nbsp; Reworld Holding Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 12/01/29 |  | 1725 | 1669577 |
|  |  |  |  |  | 5119616 |
| &nbsp;&nbsp; **Foods 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Albertson's Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 03/31/32 |  | 545 | 544414 |
| &nbsp;&nbsp; Albertson's Cos., Inc./Safeway, Inc./New Albertson's LP/Albertson's LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 01/15/27 |  | 1225 | 1224689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 03/31/31 |  | 215 | 215780 |
| &nbsp;&nbsp; B&G Foods, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 09/15/27 |  | 725 | 700801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 09/15/28 |  | 1195 | 1128089 |
| &nbsp;&nbsp; Bellis Acquisition Co. PLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.000 | 07/01/31 | EUR | 278 | 313875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 8.125 | 05/14/30 | GBP | 400 | 504237 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 157

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Foods (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Lamb Weston Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125% | 01/31/30 | 225 | $217489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 05/15/28 | 350 | 351060 |
|  |  |  |  | 5200434 |
| &nbsp;&nbsp; **Gas 0.3%** |  |  |  |  |
| &nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 5.750 | 05/20/27 | 615 | 618992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.500 | 06/01/30 | 630 | 675545 |
|  |  |  |  | 1294537 |
| &nbsp;&nbsp; **Healthcare-Services 4.1%** |  |  |  |  |
| &nbsp;&nbsp; CHS/Community Health Systems, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 05/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.000 | 01/15/29 | 475 | 474028 |
| &nbsp;&nbsp; DaVita, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.750 | 02/15/31 | 1325 | 1217597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 06/01/30 | 4375 | 4215108 |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 01/15/29 | 850 | 825834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.375 | 02/15/32 | 190 | 206417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.875 | 08/15/30 | 1000 | 1073527 |
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.750 | 12/31/30 | 728 | 625054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% and PIK 5.000% | 11.500 | 12/31/30 | 144 | 150695 |
| &nbsp;&nbsp; Prime Healthcare Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.375 | 09/01/29 | 1490 | 1552273 |
| &nbsp;&nbsp; Tenet Healthcare Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.250 | 06/01/29 | 2050 | 2018858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.375 | 01/15/30 | 3900 | 3833639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 4.625 | 06/15/28 | 300 | 299564 |
|  |  |  |  | 17694540 |
| &nbsp;&nbsp; **Home Builders 4.0%** |  |  |  |  |
| &nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 08/01/29 | 1300 | 1245453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 04/01/30 | 500 | 474112 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Home Builders (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Beazer Homes USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875% | 10/15/27 | 2625 | $2618728 |
| &nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.875 | 02/15/30 | 400 | 373024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/27 | 1272 | 1271529 |
| &nbsp;&nbsp; Dream Finders Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 09/15/30 | 505 | 511173 |
| &nbsp;&nbsp; Empire Communities Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.750 | 05/01/29 | 1100 | 1136103 |
| &nbsp;&nbsp; Forestar Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 03/01/28 | 775 | 774304 |
| &nbsp;&nbsp; KB Home, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.800 | 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.875 | 06/15/27 | 82 | 83478 |
| &nbsp;&nbsp; M/I Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.950 | 02/15/30 | 500 | 480816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.950 | 02/01/28 | 425 | 423927 |
| &nbsp;&nbsp; Mattamy Group Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 03/01/30 | 875 | 855487 |
| &nbsp;&nbsp; New Home Co., Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 11/01/30 | 460 | 479688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/29 | 310 | 325801 |
| &nbsp;&nbsp; Shea Homes LP/Shea Homes Funding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 02/15/28 | 1000 | 996006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 04/01/29 | 325 | 320897 |
| &nbsp;&nbsp; STL Holding Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.750 | 02/15/29 | 837 | 881205 |
| &nbsp;&nbsp; Taylor Morrison Communities, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 01/15/28 | 875 | 891696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 08/01/30 | 150 | 150933 |
| &nbsp;&nbsp; Tri Pointe Homes, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.250 | 06/01/27 | 1900 | 1907215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.700 | 06/15/28 | 325 | 328657 |
|  |  |  |  | 17326558 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 159

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Home Furnishings 0.4%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Whirlpool Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.125% | 06/15/30 | 1245 | $1249449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.500 | 06/15/33 | 350 | 345240 |
|  |  |  |  | 1594689 |
| &nbsp;&nbsp; **Household Products/Wares 0.5%** |  |  |  |  |
| &nbsp;&nbsp; ACCO Brands Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.250 | 03/15/29 | 2170 | 2009894 |
| &nbsp;&nbsp; **Housewares 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Newell Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 6.375 | 05/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1877415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 06/01/28 | 380 | 398664 |
| &nbsp;&nbsp; Scotts Miracle-Gro Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.375 | 02/01/32 | 200 | 188848 |
|  |  |  |  | 2464927 |
| &nbsp;&nbsp; **Insurance 1.0%** |  |  |  |  |
| &nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.500 | 11/06/30 | 105 | 108736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.250 | 02/01/29 | 1255 | 1301725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.500 | 06/15/29 | 285 | 298298 |
| &nbsp;&nbsp; AmWINS Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.375 | 02/15/29 | 1160 | 1190150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 06/30/29 | 800 | 788990 |
| &nbsp;&nbsp; Asurion LLC & Asurion Co-Issuer, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 12/31/32 | 715 | 747475 |
|  |  |  |  | 4435374 |
| &nbsp;&nbsp; **Internet 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Cablevision Lightpath LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 09/15/27 | 420 | 418393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 09/15/28 | 200 | 199295 |
| &nbsp;&nbsp; Gen Digital, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 09/30/27 | 250 | 252350 |
| &nbsp;&nbsp; Go Daddy Operating Co. LLC/GD Finance Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.500 | 03/01/29 | 350 | 332861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 12/01/27 | 900 | 899192 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Internet (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; ION Platform Finance US, Inc./ION Platform Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625% | 05/01/28 | 220 | $205710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 05/01/28 | 310 | 293095 |
|  |  |  |  | 2600896 |
| &nbsp;&nbsp; **Iron/Steel 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.625 | 01/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;1214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223319 |
| &nbsp;&nbsp; Champion Iron Canada, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.875 | 07/15/32 | 335 | 358450 |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 04/15/30 | 505 | 518000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 11/01/29 | 950 | 987549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 03/15/32 | 110 | 112917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 09/15/31 | 140 | 147653 |
| &nbsp;&nbsp; Commercial Metals Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.125 | 01/15/30 | 325 | 316011 |
| &nbsp;&nbsp; Mineral Resources Ltd. (Australia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 04/01/31 | 325 | 341250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 9.250 | 10/01/28 | 885 | 929029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.000 | 11/01/27 | 415 | 424715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A, MTN | 8.500 | 05/01/30 | 150 | 155385 |
|  |  |  |  | 5514278 |
| &nbsp;&nbsp; **Leisure Time 2.1%** |  |  |  |  |
| &nbsp;&nbsp; Carnival Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 05/01/29 | 2015 | 2037594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 03/15/30 | 425 | 437134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.750 | 08/01/32 | 855 | 879367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.000 | 08/01/28 | 194 | 191382 |
| &nbsp;&nbsp; Lindblad Expeditions LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 02/15/27 | 1625 | 1626892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 09/15/30 | 400 | 417612 |
| &nbsp;&nbsp; NCL Corp. Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 03/01/30 | 673 | 687806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 02/01/32 | 435 | 445723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.750 | 02/15/29 | 278 | 297113 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 161

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Leisure Time (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Royal Caribbean Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625% | 09/30/31 | 35 | $35923 |
| &nbsp;&nbsp; Viking Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/15/29 | 650 | 651631 |
| &nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.625 | 02/15/29 | 650 | 648909 |
| &nbsp;&nbsp; VOC Escrow Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 02/15/28 | 800 | 797840 |
|  |  |  |  | 9154926 |
| &nbsp;&nbsp; **Lodging 2.8%** |  |  |  |  |
| &nbsp;&nbsp; Boyd Gaming Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 06/15/31 | 1379 | 1343944 |
| &nbsp;&nbsp; Hilton Domestic Operating Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 04/01/29 | 380 | 388940 |
| &nbsp;&nbsp; MGM Resorts International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.625 | 09/01/26 | 3735 | 3735544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.500 | 04/15/27 | 435 | 437809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 09/15/29 | 1350 | 1380219 |
| &nbsp;&nbsp; Station Casinos LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 02/15/28 | 750 | 746229 |
| &nbsp;&nbsp; Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 05/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 1005524 |
| &nbsp;&nbsp; Wynn Macau Ltd. (Macau), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.500 | 10/01/27 | 2425 | 2420174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.625 | 08/26/28 | 925 | 923326 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12381709 |
| &nbsp;&nbsp; **Machinery-Construction & Mining 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Terex Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 05/15/29 | 775 | 772323 |
| &nbsp;&nbsp; Vertiv Group Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.125 | 11/15/28 | 150 | 147673 |
|  |  |  |  | 919996 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Machinery-Diversified 0.4%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Maxim Crane Works Holdings Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 11.500% | 09/01/28 | 900 | $958448 |
| &nbsp;&nbsp; TK Elevator US Newco, Inc. (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 07/15/27 | 725 | 723862 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1682310 |
| &nbsp;&nbsp; **Media 3.9%** |  |  |  |  |
| &nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/01/29 | 175 | 173052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.000 | 02/01/28 | 2035 | 2022788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 05/01/27 | 1515 | 1516411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.500 | 05/01/26 | 3449 | 3449000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.375 | 09/01/29 | 750 | 757502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 02/01/33 | 600 | 605726 |
| &nbsp;&nbsp; CSC Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.375 | 02/15/31 | 200 | 118880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 12/01/30 | 200 | 121561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 02/01/28 | 200 | 149863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 04/15/27 | 1400 | 1233955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 02/01/29 | 200 | 128329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.625 | 12/01/30 | 200 | 74471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 04/01/28 | 200 | 119296 |
| &nbsp;&nbsp; DISH DBS Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 5.125 | 06/01/29 | 25 | 22125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.375 | 07/01/28 | 75 | 71979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes(x) | 7.750 | 07/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3145 | 3083828 |
| &nbsp;&nbsp; DISH Network Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A(x) | 11.750 | 11/15/27 | 340 | 351599 |
| &nbsp;&nbsp; Gray Media, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.625 | 07/15/32 | 275 | 283432 |
| &nbsp;&nbsp; Radiate Holdco LLC/Radiate Finance, Inc.,<br>Sr. Sec'd. Notes, 144A, Cash coupon 6.000% and PIK 3.250%(x) | 9.250 | 03/25/30 | 167 | 118841 |
| &nbsp;&nbsp; Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 02/15/33 | 50 | 51724 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 163

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Media (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000% | 08/15/28 | 1405 | $1450431 |
| &nbsp;&nbsp; Virgin Media Secured Finance PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.500 | 05/15/29 | 1025 | 1010537 |
|  |  |  |  | 16915330 |
| &nbsp;&nbsp; **Mining 2.8%** |  |  |  |  |
| &nbsp;&nbsp; Arsenal AIC Parent LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 10/01/30 | 370 | 392383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsec'd. Notes, 144A | 11.500 | 10/01/31 | 395 | 435449 |
| &nbsp;&nbsp; Century Aluminum Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 08/01/32 | 90 | 93290 |
| &nbsp;&nbsp; Coeur Mining, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 02/15/29 | 350 | 349276 |
| &nbsp;&nbsp; Eldorado Gold Corp. (Turkey), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 09/01/29 | 150 | 150870 |
| &nbsp;&nbsp; First Quantum Minerals Ltd. (Zambia), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 06/01/31 | 825 | 865037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 9.375 | 03/01/29 | 2210 | 2317737 |
| &nbsp;&nbsp; Hecla Mining Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 7.250 | 02/15/28 | 202 | 202264 |
| &nbsp;&nbsp; Hudbay Minerals, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 04/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4895 | 4891525 |
| &nbsp;&nbsp; New Gold, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.875 | 04/01/32 | 190 | 201570 |
| &nbsp;&nbsp; Novelis Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.750 | 01/30/30 | 1430 | 1385584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875 | 01/30/30 | 320 | 331912 |
| &nbsp;&nbsp; Taseko Mines Ltd. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.250 | 05/01/30 | 675 | 716465 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12333362 |
| &nbsp;&nbsp; **Miscellaneous Manufacturing 0.4%** |  |  |  |  |
| &nbsp;&nbsp; Axon Enterprise, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.125 | 03/15/30 | 300 | 309241 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Miscellaneous Manufacturing (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Entegris, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.750% | 04/15/29 | 1000 | $999840 |
| &nbsp;&nbsp; Trinity Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 07/15/28 | 575 | 593522 |
|  |  |  |  | 1902603 |
| &nbsp;&nbsp; **Oil & Gas 5.5%** |  |  |  |  |
| &nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.500 | 10/01/29 | 770 | 810028 |
| &nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 11/01/27 | 800 | 984935 |
| &nbsp;&nbsp; Comstock Resources, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.875 | 01/15/30 | 2282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2227531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 03/01/29 | 750 | 754540 |
| &nbsp;&nbsp; Crescent Energy Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.750 | 07/31/29 | 100 | 100103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 02/15/28 | 487 | 500723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.750 | 10/15/30 | 275 | 292139 |
| &nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.500 | 10/01/30 | 790 | 837953 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.750 | 02/01/29 | 925 | 925041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 04/15/30 | 235 | 231565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.250 | 11/01/28 | 925 | 932280 |
| &nbsp;&nbsp; Nabors Industries, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 01/31/30 | 950 | 1002989 |
| &nbsp;&nbsp; New Generation Gas Gathering LLC,<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 176 | 173041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 211 | 207648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 176 | 173040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.590(c) | 09/30/29 | 53 | 51911 |
| &nbsp;&nbsp; Noble Finance II LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1155 | 1203797 |
| &nbsp;&nbsp; Permian Resources Operating LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 04/15/27 | 390 | 393900 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 165

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Oil & Gas (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Precision Drilling Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.875% | 01/15/29 | 595 | $601170 |
| &nbsp;&nbsp; SM Energy Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 10/15/26 | 800 | 799091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.375 | 07/01/28 | 1105 | 1142609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.625 | 11/01/30 | 500 | 529106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.750 | 08/01/29 | 215 | 217456 |
| &nbsp;&nbsp; Sunoco LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.625 | 03/15/31 | 280 | 281702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 05/01/29 | 480 | 498947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.500 | 10/01/29 | 671 | 658184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.875 | 07/15/27 | 2024 | 2027087 |
| &nbsp;&nbsp; Sunoco LP/Sunoco Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500 | 05/15/29 | 146 | 143612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.500 | 04/30/30 | 400 | 390782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.875 | 03/15/28 | 75 | 75024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.000 | 04/15/27 | 600 | 600749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 09/15/28 | 970 | 1000997 |
| &nbsp;&nbsp; Transocean Aquila Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 09/30/28 | 307 | 314461 |
| &nbsp;&nbsp; Transocean International Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 05/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1310 | 1332925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.500 | 05/15/31 | 480 | 488050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 10/15/32 | 175 | 184586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.750 | 02/15/30 | 791 | 824878 |
| &nbsp;&nbsp; Valaris Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 8.375 | 04/30/30 | 175 | 182684 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24097264 |
| &nbsp;&nbsp; **Oil & Gas Services 0.3%** |  |  |  |  |
| &nbsp;&nbsp; SESI LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 09/30/30 | 310 | 312402 |
| &nbsp;&nbsp; Tidewater, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.125 | 07/15/30 | 985 | 1065272 |
|  |  |  |  | 1377674 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Packaging & Containers 2.4%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; ARD Finance SA (Luxembourg), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A, Cash coupon 6.500% or PIK 7.250% | 6.500% | 06/30/27(d) |  | —(r) | $— |
| &nbsp;&nbsp; Ardagh Group SA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 5.500% and PIK 6.500% | 12.000 | 12/01/30 |  | 900 | 850500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A, Cash coupon 4.500% and PIK 7.500% | 12.000 | 12/01/30 | EUR | 400 | 447592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 12/01/30 |  | 733 | 791850 |
| &nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.250 | 09/01/28 |  | 200 | 192270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/30/31 |  | 220 | 226050 |
| &nbsp;&nbsp; Ball Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.000 | 06/15/29 |  | 620 | 639049 |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.750 | 04/15/30 |  | 985 | 986252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.750 | 04/15/32 |  | 300 | 302551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.875 | 01/15/30 |  | 50 | 50629 |
| &nbsp;&nbsp; Graphic Packaging International LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.500 | 03/15/28 |  | 400 | 387649 |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.875 | 11/01/28(d) |  | 370 | 168350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 10/01/31(d) |  | 295 | 135423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 11/01/28(d) |  | 175 | 79211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 10.500 | 07/15/27(d) |  | 985 | 42819 |
| &nbsp;&nbsp; Mauser Packaging Solutions Holding Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.875 | 04/15/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508040 |
| &nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. US, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 02/01/28 |  | 125 | 126969 |
| &nbsp;&nbsp; Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC (Canada), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 05/15/30 |  | 550 | 530750 |
| &nbsp;&nbsp; Trident TPI Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 12.750 | 12/31/28 |  | 1990 | 1998581 |
| &nbsp;&nbsp; TriMas Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 04/15/29 |  | 1025 | 999111 |
|  |  |  |  |  | 10463646 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 167

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Pharmaceuticals 1.1%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; 1261229 BC Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 10.000% | 04/15/32 | 746 | $765583 |
| &nbsp;&nbsp; AdaptHealth LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 08/01/29 | 175 | 169227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 03/01/30 | 975 | 947101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.125 | 08/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | 2208369 |
| &nbsp;&nbsp; Bausch Health Cos., Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 01/30/28 | 25 | 21406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.000 | 02/15/29 | 25 | 19015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 01/30/30 | 50 | 35500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 02/15/31 | 50 | 32470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 02/15/29 | 25 | 19766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000 | 01/15/28 | 50 | 44938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 06/01/28 | 215 | 199425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 11.000 | 09/30/28 | 204 | 212074 |
| &nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.125 | 04/30/31 | 225 | 204256 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4879130 |
| &nbsp;&nbsp; **Pipelines 2.3%** |  |  |  |  |
| &nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 06/15/29 | 375 | 375574 |
| &nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.000 | 07/15/29 | 355 | 368959 |
| &nbsp;&nbsp; Buckeye Partners LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.950 | 12/01/26 | 225 | 223649 |
| &nbsp;&nbsp; Prairie Acquiror LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 08/01/29 | 300 | 311361 |
| &nbsp;&nbsp; Rockies Express Pipeline LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.800 | 05/15/30 | 850 | 838087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.950 | 07/15/29 | 175 | 174523 |
| &nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.000 | 12/31/30 | 325 | 329816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.375 | 02/15/29 | 430 | 445642 |
| &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 01/15/30 | 770 | 789197 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Pipelines (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Venture Global LNG, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jr. Sub. Notes, 144A | 9.000%(ff) | 09/30/29(oo) | 905 | $796991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 01/15/30 | 440 | 442746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.125 | 06/01/28 | 435 | 445366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 02/01/29 | 2320 | 2471646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.875 | 02/01/32 | 590 | 624510 |
| &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.125 | 12/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262 | 1299079 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9937146 |
| &nbsp;&nbsp; **Real Estate 1.3%** |  |  |  |  |
| &nbsp;&nbsp; Five Point Operating Co. LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.000 | 10/01/30 | 365 | 379461 |
| &nbsp;&nbsp; Greystar Real Estate Partners LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 09/01/30 | 475 | 500729 |
| &nbsp;&nbsp; Howard Hughes Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.125 | 02/01/29 | 225 | 217748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.375 | 08/01/28 | 3147 | 3145290 |
| &nbsp;&nbsp; Hunt Cos., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.250 | 04/15/29 | 1425 | 1392429 |
|  |  |  |  | 5635657 |
| &nbsp;&nbsp; **Real Estate Investment Trusts (REITs) 3.5%** |  |  |  |  |
| &nbsp;&nbsp; Brandywine Operating Partnership LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 3.950 | 11/15/27 | 775 | 760653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.550 | 10/01/29 | 200 | 190125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.125 | 01/15/31 | 270 | 261576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 8.875 | 04/12/29 | 275 | 295292 |
| &nbsp;&nbsp; Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 10/15/30 | 215 | 221688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 4.750 | 02/15/28 | 25 | 24229 |
| &nbsp;&nbsp; Millrose Properties, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 09/15/32 | 405 | 409505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.375 | 08/01/30 | 750 | 765869 |
| &nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 5.000 | 10/15/27 | 800 | 781820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.500 | 02/15/32 | 150 | 160658 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 169

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Real Estate Investment Trusts (REITs) (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.000% | 02/01/30 | 1060 | $1091546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.875 | 05/15/29 | 400 | 391314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.875 | 10/01/28 | 475 | 475489 |
| &nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 4.750 | 10/15/27 | 650 | 649499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 04/01/32 | 225 | 232893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.250 | 07/15/28 | 200 | 205989 |
| &nbsp;&nbsp; Rithm Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 04/01/29 | 275 | 280868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 8.000 | 07/15/30 | 820 | 838330 |
| &nbsp;&nbsp; SBA Communications Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.125 | 02/01/29 | 800 | 764256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes | 3.875 | 02/15/27 | 2225 | 2209167 |
| &nbsp;&nbsp; Starwood Property Trust, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.250 | 10/15/28 | 355 | 357107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.375 | 01/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650 | 1637927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.000 | 04/15/30 | 50 | 51399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 07/01/30 | 625 | 650331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 6.500 | 10/15/30 | 235 | 244956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 7.250 | 04/01/29 | 700 | 738691 |
| &nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.500 | 09/01/26 | 726 | 726421 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15417598 |
| &nbsp;&nbsp; **Retail 3.6%** |  |  |  |  |
| &nbsp;&nbsp; 1011778 BC ULC/New Red Finance, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.000 | 10/15/30 | 625 | 596244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 4.375 | 01/15/28 | 642 | 636427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 3.875 | 01/15/28 | 875 | 861131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.125 | 06/15/29 | 365 | 373969 |
| &nbsp;&nbsp; Arko Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.125 | 11/15/29 | 1100 | 957836 |
| &nbsp;&nbsp; Brinker International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 8.250 | 07/15/30 | 625 | 659559 |
| &nbsp;&nbsp; Carvana Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 06/01/30 | 3011 | 3140378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 06/01/31 | 740 | 814186 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Retail (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; EG Global Finance PLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes | 11.000% | 11/30/28 | EUR | 200 | $255430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 12.000 | 11/30/28 |  | 375 | 405234 |
| &nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.750 | 01/15/30 |  | 200 | 189004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.625 | 01/15/29 |  | 450 | 435439 |
| &nbsp;&nbsp; Gap, Inc. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 3.625 | 10/01/29 |  | 1525 | 1449988 |
| &nbsp;&nbsp; LBM Acquisition LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.250 | 01/15/29 |  | 945 | 873668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.500 | 06/15/31 |  | 210 | 221277 |
| &nbsp;&nbsp; LCM Investments Holdings II LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.875 | 05/01/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | 1231812 |
| &nbsp;&nbsp; Lithia Motors, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 4.625 | 12/15/27 |  | 300 | 299632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 10/01/30 |  | 370 | 372531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 3.875 | 06/01/29 |  | 825 | 797940 |
| &nbsp;&nbsp; Park River Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.000 | 03/15/31 |  | 675 | 694950 |
| &nbsp;&nbsp; Sally Holdings LLC/Sally Capital, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes | 6.750 | 03/01/32 |  | 250 | 259575 |
| &nbsp;&nbsp; White Cap Supply Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.375 | 11/15/30 |  | 225 | 233734 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15759944 |
| &nbsp;&nbsp; **Software 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; CoreWeave, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.000 | 02/01/31 |  | 190 | 184773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 9.250 | 06/01/30 |  | 1885 | 1855990 |
| &nbsp;&nbsp; Fair Isaac Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 4.000 | 06/15/28 |  | 1350 | 1327868 |
| &nbsp;&nbsp; SS&C Technologies, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 5.500 | 09/30/27 |  | 2025 | 2023355 |
|  |  |  |  |  | 5391986 |
| &nbsp;&nbsp; **Telecommunications 3.0%** |  |  |  |  |  |
| &nbsp;&nbsp; Altice Financing SA (Luxembourg), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.625 | 07/15/27 |  | 200 | 153000 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 171

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Telecommunications (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Cipher Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.125% | 11/15/30 | 205 | $211199 |
| &nbsp;&nbsp; Connect Finco Sarl/Connect US Finco LLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.000 | 09/15/29 | 415 | 440108 |
| &nbsp;&nbsp; Digicel Group Holdings Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 1B14, 144A(x) | 0.000 | 12/31/30 | 25 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, Series 3B14, 144A^(x) | 0.000 | 12/31/30 | 34 |  |
| &nbsp;&nbsp; EchoStar Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes(x) | 10.750 | 11/30/29 | 175 | 191822 |
| &nbsp;&nbsp; Flash Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.250 | 12/31/30 | 305 | 306066 |
| &nbsp;&nbsp; Frontier Communications Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes | 5.875 | 11/01/29 | 150 | 151350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.000 | 01/15/30 | 775 | 782276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 6.750 | 05/01/29 | 2100 | 2109314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 5.000 | 05/01/28 | 1925 | 1925708 |
| &nbsp;&nbsp; Iliad Holding SAS (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.000 | 10/15/28 | 2575 | 2600750 |
| &nbsp;&nbsp; Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Unsec'd. Notes, 144A | 5.375 | 06/15/29 | 250 | 235582 |
| &nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 6.500 | 02/15/29 | 700 | 681383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 4.750 | 04/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 997354 |
| &nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.250 | 10/01/31 | 740 | 775383 |
| &nbsp;&nbsp; WULF Compute LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 7.750 | 10/15/30 | 1090 | 1136721 |
| &nbsp;&nbsp; Zayo Group Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 9.250 | 03/09/30 | 200 | 195254 |
| &nbsp;&nbsp; Zegona Finance PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 8.625 | 07/15/29 | 260 | 274300 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13167572 |
| &nbsp;&nbsp; **Transportation 0.6%** |  |  |  |  |
| &nbsp;&nbsp; RXO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.500 | 11/15/27 | 415 | 422984 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **CORPORATE BONDS (Continued)**<br>&nbsp;&nbsp; **Transportation (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Star Leasing Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sec'd. Notes, 144A | 7.625% | 02/15/30 | 1000 | $956325 |
| &nbsp;&nbsp; XPO, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 06/01/31 | 75 | 77938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gtd. Notes, 144A | 7.125 | 02/01/32 | 135 | 141902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sr. Sec'd. Notes, 144A | 6.250 | 06/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225 | 1247849 |
|  |  |  |  | 2846998 |
| &nbsp;&nbsp; **TOTAL CORPORATE BONDS**<br> (cost $353,447,456) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357390551 |
| &nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS 10.4%** |  |  |  |  |
| &nbsp;&nbsp; **Airlines 0.0%** |  |  |  |  |
| &nbsp;&nbsp; Vista Management Holding, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 3.750% | 7.411(c) | 04/01/31 | 137 | 137171 |
| &nbsp;&nbsp; **Auto Parts & Equipment 0.6%** |  |  |  |  |
| &nbsp;&nbsp; Clarios Global LP,<br>2024 Term B Loan, 1 Month SOFR + 2.500% | 6.172(c) | 05/06/30 | 1114 | 1112132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | 6.422(c) | 01/28/32 | 673 | 673521 |
| &nbsp;&nbsp; First Brands Group LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan | 13.070 | 03/30/28(d) | 1092 | 786 |
| &nbsp;&nbsp; Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term A Loan, 3 Month SOFR + 4.850% | 8.739(c) | 11/17/28 | 260 | 256163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 5.100% | 8.917(c) | 11/17/28 | 650 | 642753 |
|  |  |  |  | 2685355 |
| &nbsp;&nbsp; **Building Materials 0.1%** |  |  |  |  |
| &nbsp;&nbsp; American Bath/CP Atlas Buyer, Inc.,<br>2025 Term B Loan, 1 Month SOFR + 5.250% | 8.922(c) | 07/08/30 | 324 | 317879 |
| &nbsp;&nbsp; Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tranche B-3 Term Loan, 1 Month SOFR + 2.250% | 5.922(c) | 02/10/32 | 223 | 223145 |
|  |  |  |  | 541024 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 173

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Chemicals 0.6%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; Iris Holdings Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 4.850% | 8.517%(c) | 06/28/28 | 490 | $473507 |
| &nbsp;&nbsp; TPC Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 6 Month SOFR + 5.750% | 9.386(c) | 12/16/31 | 1662 | 1476594 |
| &nbsp;&nbsp; Venator Finance Sarl, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial First Out Term Loan^ | 13.894 | 07/16/26(d) | 505 | 378827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan^ | 13.905 | 10/12/28(d) | 736 | 14721 |
| &nbsp;&nbsp; Venator Materials LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term B Loan^ | 14.002 | 07/16/26(d) | 508 | 380904 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2724553 |
| &nbsp;&nbsp; **Commercial Services 1.0%** |  |  |  |  |
| &nbsp;&nbsp; Allied Universal Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 7 Replacement U.S. Dollar Term Loan, 1 Month SOFR + 3.250% | 6.922(c) | 08/20/32 | 299 | 299543 |
| &nbsp;&nbsp; Cimpress PLC (Ireland), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024-2 Refinancing Tranche B-1, 1 Month SOFR + 2.500% | 6.172(c) | 05/17/28 | 956 | 954950 |
| &nbsp;&nbsp; Mavis Tire Express Services Topco Corp.,<br>2025 First Lien Incremental Term Loan, 1 Month SOFR + 3.000% | 6.672(c) | 05/04/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1126 | 1125479 |
| &nbsp;&nbsp; MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Term Out Loan, 3 Month SOFR + 3.750% | 7.417(c) | 12/31/30 | 663 | 660604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 3 Month SOFR + 4.862% | 8.528(c) | 12/31/30 | 407 | 373384 |
| &nbsp;&nbsp; TransUnion Intermediate Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-9 Loan, 1 Month SOFR + 1.750% | 5.422(c) | 06/24/31 | 780 | 779905 |
|  |  |  |  | 4193865 |
| &nbsp;&nbsp; **Computers 0.9%** |  |  |  |  |
| &nbsp;&nbsp; Bingo Holdings I LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 4.750% | 8.422(c) | 06/30/32 | 474 | 465720 |
| &nbsp;&nbsp; McAfee Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refinancing Tranche B-1, 1 Month SOFR + 3.000% | 6.672(c) | 03/01/29 | 3109 | 2743602 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Computers (cont'd.)** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; NCR Atleos Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.000% | 6.701%(c) | 04/16/29 | 646 | $637512 |
| &nbsp;&nbsp; NCR Atleos LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term A Loan, 1 Month SOFR + 2.500% | 6.172(c) | 10/16/28 | 254 | 253079 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4099913 |
| &nbsp;&nbsp; **Distribution/Wholesale 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Windsor Holdings III LLC,<br>2025 Refinancing Term B Loan, 1 Month SOFR + 2.750% | 6.422(c) | 08/01/30 | 343 | 343689 |
| &nbsp;&nbsp; **Electric 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Heritage Power LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 3 Month SOFR + 5.500%^ | 9.172(c) | 07/20/28 | 287 | 282343 |
| &nbsp;&nbsp; **Forest Products & Paper 0.1%** |  |  |  |  |
| &nbsp;&nbsp; Magnera Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Term Loan, 3 Month SOFR + 4.250% | 8.072(c) | 11/04/31 | 405 | 400203 |
| &nbsp;&nbsp; **Healthcare-Services 0.0%** |  |  |  |  |
| &nbsp;&nbsp; LifePoint Health, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 3.750% | 7.422(c) | 05/16/31 | 99 | 98897 |
| &nbsp;&nbsp; **Holding Companies-Diversified 0.2%** |  |  |  |  |
| &nbsp;&nbsp; Clue OpCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B Loan, 3 Month SOFR + 4.500% | 8.167(c) | 12/19/30 | 888 | 884173 |
| &nbsp;&nbsp; **Insurance 1.9%** |  |  |  |  |
| &nbsp;&nbsp; Acrisure LLC,<br>2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | 6.672(c) | 11/06/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811 | 1804207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term B-7 Loan, 1 Month SOFR + 3.250% | 6.922(c) | 06/21/32 | 4396 | 4390244 |
| &nbsp;&nbsp; Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New B-12 Term Loan, 1 Month SOFR + 4.250% | 7.922(c) | 09/19/30 | 1897 | 1899332 |
|  |  |  |  | 8093783 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 175

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Principal Amount**<br> **(000)#** | **Principal Amount**<br> **(000)#** | |
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Internet 0.0%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| | | **Value**<br>|
| &nbsp;&nbsp; Cablevision Lightpath LLC,<br>2025 Refinancing Term Loan, 1 Month SOFR + 3.000% | 6.680%(c) | 11/30/27 |  | 25 | $24507 |
| &nbsp;&nbsp; **Investment Companies 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp; Hurricane CleanCo Ltd. (United Kingdom), Facility A^ | 6.250 | 10/31/29 | GBP | 783 | 1125783 |
| &nbsp;&nbsp; **Media 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp; Altice Financing SA (Luxembourg),<br>2022 Dollar Loan, 3 Month SOFR + 5.000% | 8.672(c) | 10/31/27 |  | 416 | 317308 |
| &nbsp;&nbsp; CSC Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; September 2019 Term Loan, 1 Month SOFR + 1.500% | 8.250(c) | 04/15/27 |  | 519 | 462091 |
| &nbsp;&nbsp; Radiate Holdco LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Closing Date Term Loan, 1 Month SOFR + 4.000% | 7.672(c) | 06/26/29 |  | 40 | 39900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 3 Month SOFR + 4.000% | 4.586(c) | 06/26/29 |  | 40 | 39900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Out Term Loan, 1 Month SOFR + 3.500% | 8.786(c) | 09/25/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4604946 |
|  |  |  |  |  | 5464145 |
| &nbsp;&nbsp; **Metal Fabricate/Hardware 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp; Doncasters US Finance LLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 |  | 1965 | 1979737 |
| &nbsp;&nbsp; **Oil & Gas 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp; Hilcorp Energy I LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repriced Term Loan, 1 Month SOFR + 1.750% | 5.425(c) | 02/11/30 |  | 273 | 272937 |
| &nbsp;&nbsp; **Packaging & Containers 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp; LABL, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Dollar Term Loan | 8.767 | 10/29/28 |  | 25 | 11336 |
| &nbsp;&nbsp; Trident TPI Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tranche B-7 Term Loan, 3 Month SOFR + 3.750% | 7.422(c) | 09/15/28 |  | 3274 | 3079951 |
|  |  |  |  |  | 3091287 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **FLOATING RATE AND OTHER LOANS (Continued)**<br>&nbsp;&nbsp; **Software 0.3%** | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| **Principal Amount**<br> **(000)#**<br>| **Value**<br>|
| &nbsp;&nbsp; BMC Software, Inc.,<br>2031 Replacement Dollar Term Loan, 3 Month SOFR + 3.000% | 6.822%(c) | 07/30/31 | 874 | $838978 |
| &nbsp;&nbsp; Skillsoft Finance II, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 5.364% | 9.036(c) | 07/14/28 | 796 | 503291 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1342269 |
| &nbsp;&nbsp; **Telecommunications 1.8%** |  |  |  |  |
| &nbsp;&nbsp; Altice France SA (France), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New USD B-14 Term Loan, 1 Month SOFR + 6.875% | 10.547(c) | 05/31/31 | 1154 | 1169530 |
| &nbsp;&nbsp; Digicel International Finance Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 3 Month SOFR + 5.250% | 9.023(c) | 08/31/32 | 1850 | 1851647 |
| &nbsp;&nbsp; Level 3 Financing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-4 Loan, 1 Month SOFR + 3.250% | 6.922(c) | 03/29/32 | 645 | 645161 |
| &nbsp;&nbsp; Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-1 Loan, 1 Month SOFR + 2.464% | 6.136(c) | 04/16/29 | 1721 | 1714975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term B-2 Loan, 1 Month SOFR + 2.464% | 6.136(c) | 04/15/30 | 814 | 811051 |
| &nbsp;&nbsp; Viasat, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 4.614% | 8.286(c) | 03/02/29 | 618 | 616061 |
| &nbsp;&nbsp; Xplore, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, 1 Month SOFR + 5.114% | 8.786(c) | 10/24/29 | 273 | 252664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Out Term Loan, 1 Month SOFR + 1.614% | 6.000(c) | 10/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018 | 610993 |
|  |  |  |  | 7672082 |
| &nbsp;&nbsp; **TOTAL FLOATING RATE AND OTHER LOANS**<br> (cost $48,552,555) |  |  |  | 45457716 |
| &nbsp;&nbsp; **U.S. TREASURY OBLIGATIONS(k) 0.7%** |  |  |  |  |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.500 | 09/30/26 | 200 | 199859 |
| &nbsp;&nbsp; U.S. Treasury Notes | 3.625 | 08/31/29 | 490 | 489081 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.125 | 02/28/27 | 300 | 301793 |
| &nbsp;&nbsp; U.S. Treasury Notes | 4.250 | 11/30/26 | 1840 | 1849775 |
| &nbsp;&nbsp; **TOTAL U.S. TREASURY OBLIGATIONS**<br> (cost $2,833,182) |  |  |  | 2840508 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 177

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description** | **Shares** | **Value** |
| &nbsp;&nbsp; **AFFILIATED EXCHANGE-TRADED FUND 1.5%** |  |  |
| &nbsp;&nbsp; PGIM AAA CLO ETF |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (cost $6,386,970)(wa) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125000 | $6442500 |
| &nbsp;&nbsp; **COMMON STOCKS 0.9%** |  |  |
| &nbsp;&nbsp; **Chemicals 0.0%** |  |  |
| &nbsp;&nbsp; Cornerstone Chemical Co.\*^(x) | 9517 | 47585 |
| &nbsp;&nbsp; TPC Group, Inc.\* | 4927 | 90327 |
| &nbsp;&nbsp; Venator Materials PLC\*^(x) | 2671 |  |
|  |  | 137912 |
| &nbsp;&nbsp; **Containers & Packaging 0.0%** |  |  |
| &nbsp;&nbsp; Ardagh Packaging Finance PLC Equity, 144A\* | 59 | 413 |
| &nbsp;&nbsp; **Oil, Gas & Consumable Fuels 0.7%** |  |  |
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing - Participation on Account of Backstop Shares & Exit Financing - Reserve Shares\* | 1694 | 122109 |
| &nbsp;&nbsp; Heritage Power LLC, Exit Financing Participation Shares & Backstop Shares\* | 38525 | 2777017 |
| &nbsp;&nbsp; Heritage Power LLC, Litigation Trust Interests\*^ | 44338 | 22169 |
|  |  | 2921295 |
| &nbsp;&nbsp; **Software 0.0%** |  |  |
| &nbsp;&nbsp; Mitel Networks International Ltd. (Canada)\*^ | 257 | 129 |
| &nbsp;&nbsp; **Wireless Telecommunication Services 0.2%** |  |  |
| &nbsp;&nbsp; Digicel International Finance Ltd. (Jamaica)\*(x) | 51487 | 939664 |
| &nbsp;&nbsp; Stonepeak Falcon Holdings, Inc. (Canada) (Class A Stock)\* | 83927 | 92479 |
| &nbsp;&nbsp; Xplore, Inc. (Canada), CVR\*^ | 4493 |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1032143 |
| &nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (cost $6,178,000) |  | 4091892 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | |
|:---|:---|:---|
| **Description**<br>&nbsp;&nbsp; **PREFERRED STOCK 0.0%**<br>&nbsp;&nbsp; **Wireless Telecommunication Services** | **Shares**<br>| **Value**<br>|
| &nbsp;&nbsp; Digicel International Finance Ltd. (Jamaica)\*^(x)<br>(cost $11,820) | 3350 | $42050 |
| &nbsp;&nbsp; **TOTAL LONG-TERM INVESTMENTS**<br> (cost $422,014,088) |  | 420874539 |
| &nbsp;&nbsp; **SHORT-TERM INVESTMENT 3.0%** |  |  |
| &nbsp;&nbsp; **AFFILIATED MUTUAL FUND** |  |  |
| &nbsp;&nbsp; PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<br>(cost $13,123,114)(wa) | 13123114 | 13123114 |
| &nbsp;&nbsp; **TOTAL INVESTMENTS 99.5%**<br> (cost $435,137,202) |  | 433997653 |
| &nbsp;&nbsp; Other assets in excess of liabilities(z) 0.5% |  | 2257599 |
| &nbsp;&nbsp; **NET ASSETS 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436255252 |

---

See the Glossary for a list of the abbreviation(s) used in the semiannual report.

\* 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 $5,071,621 and 1.2% of net assets.  |

---

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2026.

(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.

(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.

(k) Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives.

(oo) Perpetual security. Maturity date represents next call date.

(r) Principal or notional amount is less than $500 par.

(wa) Represents investments in Funds affiliated with the Manager.

(x) The following represents restricted securities that are 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.

**(x) Restricted Securities:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Acquisition** <br>**Date** | **Original**<br>**Cost** | **Market**<br>**Value** | **Percentage**<br>**of**<br>**Net Assets** |
|  Cornerstone Chemical Co.\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12/06/23 | $&nbsp;&nbsp;&nbsp;&nbsp;180823 | $&nbsp;&nbsp;&nbsp;&nbsp;47585 | 0.0% |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 179

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**(x) Restricted Securities (continued):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Acquisition**<br>**Date** | **Original**<br>**Cost** | **Market**<br>**Value** | **Percentage**<br>**of**<br>**Net Assets** |
|  Cornerstone Chemical Co. LLC, Sec'd. Notes, 144A, Cash coupon 10.000% or PIK 10.000%, 10.000%, 05/07/29^ | 05/07/25-11/04/25 | $186343 | $191733 | 0.1% |
|  Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, Series 1B14, 144A, 0.000%, 12/31/30 | 11/14/23 | 2 | 2 | 0.0 |
|  Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, Series 3B14, 144A, 0.000%, 12/31/30^ | 11/14/23 | 3 |  | 0.0 |
|  Digicel International Finance Ltd. (Jamaica)\*^ | 01/26/24-01/29/24 | 11820 | 42050 | 0.0 |
|  Digicel International Finance Ltd. (Jamaica)\* | 01/29/24-01/30/24 | 62378 | 939664 | 0.2 |
|  DISH DBS Corp., Gtd. Notes, 5.125%, 06/01/29 | 04/19/24 | 9750 | 22125 | 0.0 |
|  DISH DBS Corp., Gtd. Notes, 7.375%, 07/01/28 | 04/19/24 | 32625 | 71979 | 0.0 |
|  DISH DBS Corp., Gtd. Notes, 7.750%, 07/01/26 | 05/26/21-09/05/25 | 3306045 | 3083828 | 0.7 |
|  DISH Network Corp., Sr. Sec'd. Notes, 144A, 11.750%, 11/15/27 | 04/12/23 | 319600 | 351599 | 0.1 |
|  EchoStar Corp., Sr. Sec'd. Notes, 10.750%, 11/30/29 | 04/04/25 | 179813 | 191822 | 0.1 |
|  Radiate Holdco LLC/Radiate Finance, Inc., Sr. Sec'd. Notes, 144A, Cash coupon 6.000% and PIK 3.250%, 9.250%, 03/25/30 | 06/30/25-09/15/25 | 139406 | 118841 | 0.0 |
|  Venator Materials PLC\*^ | 03/02/21-10/19/23 | 5092913 |  | 0.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | $9521521 | $5061228 | 1.2% |

---

(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 January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br>Amount<br>(000)#** | **Current<br>Value** | **Unrealized**<br>**Appreciation** | **Unrealized**<br>**Depreciation** |
|  Radiate Holdco LLC, Delayed Draw Term Loan, 1.500%, Maturity Date 06/26/29 (cost $80,000) | 80 | $79800 | $– | $(200) |

---

**Futures contracts outstanding at January 31, 2026:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current**<br>**Notional**<br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Long Positions:** | **Long Positions:** |  |  |  |
| 249 | 2 Year U.S. Treasury Notes | Mar. 2026 | $51914555 | $(53512) |
| 374 | 5 Year U.S. Treasury Notes | Mar. 2026 | 40739704 | (239440) |
|  |  |  |  | (292952) |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Futures contracts outstanding at January 31, 2026 (continued):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number**<br> **of**<br> **Contracts** | **Type** | **Expiration**<br>**Date** | **Current**<br>**Notional**<br>**Amount** | **Value /**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
|  **Short Positions:** | **Short Positions:** |  |  |  |
| 130 | 10 Year U.S. Treasury Notes | Mar. 2026 | $14537657 | $180601 |
| 1 | 20 Year U.S. Treasury Bonds | Mar. 2026 | 115125 | 1397 |
| 1 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2026 | 117438 | 2397 |
|  |  |  |  | 184395 |
|  |  |  |  | $(108557) |

---

**Forward foreign currency exchange contracts outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase Contracts** | **Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Value at<br>Settlement<br>Date** | **Current<br>Value** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |  |  |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | BNP | GBP | 1250 | $1705897 | $1710371 | $4474 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 03/03/26 | JPM | GBP | 20 | 27537 | 27366 |  | (171) |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | BOA | EUR | 591 | 700633 | 700695 | 62 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | HSBC | EUR | 904 | 1061596 | 1071300 | 9704 |  |
|  |  |  |  | $3495663 | $3509732 | 14240 | (171) |
| **Sale**<br> **Contracts** | **Counterparty** | **Notional**<br>**Amount**<br>**(000)** | **Notional**<br>**Amount**<br>**(000)** | **Value at**<br>**Settlement**<br>**Date** | **Current**<br>**Value** | **Unrealized**<br> **Appreciation** | **Unrealized**<br> **Depreciation** |
|  **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |  |  |  |
|  British Pound, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | BOA | GBP | 1250 | $1682610 | $1710370 | $— | $(27760) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 03/03/26 | BNP | GBP | 1250 | 1705838 | 1710323 |  | (4485) |
|  Euro, |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 02/03/26 | BOA | EUR | 1495 | 1747612 | 1771996 |  | (24384) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiring 03/03/26 | BOA | EUR | 591 | 701561 | 701606 |  | (45) |
|  |  |  |  | $5837621 | $5894295 |  | (56674) |
|  |  |  |  |  |  | $14240 | $(56845) |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 181

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Credit default swap agreement outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Entity/**<br> **Obligation** | **Termination<br>Date** | **Fixed**<br>**Rate** | **Notional**<br>**Amount**<br>**(000)#(3)** | **Implied Credit<br>Spread at<br>January 31,<br>2026(4)** | **Value at<br>Trade Date** | **Value at<br>January 31,<br>2026** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** |  |  |
|  CDX.NA.HY.45.V2 | 12/20/30 | 5.000%(Q) | 23008 | 2.959% | $1666356 | $2062561 | $396205 |

---

(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.

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**Total return swap agreements outstanding at January 31, 2026:** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Financing Rate** | **Counterparty** | **Termination<br>Date** | **Long<br>(Short)<br>Notional<br>Amount<br>(000)#(1)** | **Fair**<br>**Value** | **Upfront**<br>**Premiums**<br>**Paid<br>(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)(2)** |
|  **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |  |  |  |  |  |  |
|  iBoxx US Dollar Liquid<br>High Yield Index(T) | 1 Day SOFR(Q)/3.680% | JPM | 03/20/26 | 42400 | $873301 | $— | $873301 |
|  iBoxx US Dollar Liquid<br>High Yield Index(T) | 1 Day SOFR(Q)/3.680% | MSI | 03/20/26 | 52690 | 292304 |  | 292304 |
|  |  |  |  |  | $1165605 | $— | $1165605 |

---

(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).

**Balances Reported in the Statement of Assets and Liabilities for OTC Swap Agreements:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Premiums Paid** | **Premiums Received** | **Unrealized<br>Appreciation** | **Unrealized<br>Depreciation** |
|  OTC Swap Agreements | $— | $— | $1165605 | $— |

---

**<u>Summary of Collateral for Centrally Cleared/Exchange-traded Derivatives</u>:** 

Cash and securities segregated as collateral, including pending settlement for closed positions, to cover requirements for centrally cleared/exchange-traded derivatives are listed by broker as follows:

---

| | | |
|:---|:---|:---|
| **Broker** | **Cash and/or Foreign Currency** | **Securities Market Value** |
|  CGM | $– | $1838429 |
|  JPS | – | 883892 |
|  Total | $– | $2722321 |

---

**<u>Fair Value Measurements</u>:** 

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.

Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other observable inputs.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 183

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

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 January 31, 2026 in valuing such portfolio securities:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |
|  **Investments in Securities** |  |  |  |
|  **Assets** |  |  |  |
|  **Long-Term Investments** |  |  |  |
|  Asset-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Loan Obligations | $— | $4609322 | $— |
|  Corporate Bonds |  | 356593178 | 797373 |
|  Floating Rate and Other Loans |  | 41295401 | 4162315 |
|  U.S. Treasury Obligations |  | 2840508 |  |
|  Affiliated Exchange-Traded Fund | 6442500 |  |  |
|  Common Stocks |  | 4022009 | 69883 |
|  Preferred Stock |  |  | 42050 |
|  **Short-Term Investment** |  |  |  |
|  Affiliated Mutual Fund | 13123114 |  |  |
|  **Total** | $**19565614** | $**409360418** | $**5071621** |
|  **Other Financial Instruments\*** |  |  |  |
|  **Assets** |  |  |  |
|  Futures Contracts | $184395 | $— | $— |
|  OTC Forward Foreign Currency Exchange Contracts |  | 14240 |  |
|  Centrally Cleared Credit Default Swap Agreement |  | 396205 |  |
|  OTC Total Return Swap Agreements |  | 1165605 |  |
|  **Total** | $**184395** | $**1576050** | $**—** |
|  **Liabilities** |  |  |  |
|  Unfunded Loan Commitment | $— | $(200) | $— |
|  Futures Contracts | (292952) |  |  |
|  OTC Forward Foreign Currency Exchange Contracts |  | (56845) |  |
|  **Total** | $**(292952)** | $**(57045)** | $**—** |

---

\* Other financial instruments are derivative instruments, with the exception of unfunded loan commitments, and are not reflected in the Schedule of Investments. Futures, forward foreign currency exchange contracts, centrally cleared swap contracts and unfunded loan commitments are recorded at net unrealized appreciation (depreciation), and OTC swap contracts are recorded at fair value. 

The following is a reconciliation of assets in which unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate<br>Bonds** | **Floating Rate<br>and<br>Other Loans** | **Common<br>Stocks** | **Preferred<br>Stocks** | **Unfunded Corporate<br>Bond Commitment** |
|  **Balance as of 07/31/25** | $758138 | $5840107 | $576233 | $39790 | $— |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate<br>Bonds** | **Floating Rate<br>and<br>Other Loans** | **Common<br>Stocks** | **Preferred<br>Stocks** | **Unfunded Corporate<br>Bond Commitment** |
|  Realized gain (loss) | $— | $3580 | $— | $— | $— |
|  Change in unrealized appreciation (depreciation) | (28022) | (828764) | (506388) | 2260 |  |
|  Purchase/Exchange/Issuances | 62311 | 67096 | 38 |  |  |
|  Sales/Paydowns |  | (489525) |  |  |  |
|  Accrued discount/premium | 4946 | 37710 |  |  |  |
|  Transfer into Level 3\* |  | 1994750 |  |  |  |
|  Transfer out of Level 3\* |  | (2462639) |  |  |  |
|  **Balance as of 01/31/26** | $797373 | $4162315 | $69883 | $42050 | $— |
|  Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $(28022) | $(669405) | $(506388) | $2260 | $— |

---

\* It is the Fund's policy to recognize transfers in and transfers out at the securities' fair values as of the beginning of period. Securities transferred between Level 2 and Level 3 are due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are typically a result of a change from the use of methods used by independent pricing services (Level 2) to the use of a single broker quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market quotations (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market data provided by independent pricing services or other valuation techniques which utilize observable inputs. In accordance with the requirements of ASC 820, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to the Schedule of Investments of the Fund. 

Level 3 securities as presented in the table above are being fair valued using pricing methodologies approved by the Board, which contain unobservable inputs as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3 Securities\*\*** | **Fair Value<br>as of<br>January 31,<br>2026** | **Valuation**<br>**Methodology** | **Unobservable<br>Inputs** | **Inputs<br>(Range)** | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Corporate Bonds | $191733 | Market/Recovery Value | Recovery Rate | 0.00% - 85.00% | Increase |
|  Corporate Bonds | 605640 | Market/Transaction Based | Unadjusted Price | NA | NA |
|  Floating Rate and Other Loans | 1125783 | Market/Comparable Bond | Adjusted Yield | 9.70% | Decrease |
|  Floating Rate and Other Loans | 774452 | Market/Recovery Value | Recovery Rate | 2.00% - 75.00% | Increase |
|  Common Stocks | 69754 | Market/Recovery Value | Recovery Rate | 0.00% - 5.00% | Increase |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 185

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Level 3 Securities\*\*** | **Fair Value<br>as of<br>January 31,<br>2026** | **Valuation<br>Methodology** | **Unobservable<br>Inputs** | **Inputs<br>(Range)** | **Directional<br>Impact on<br>Fair Value<br>from Input<br>Increase** |
|  Preferred Stocks | $42050 | Market/Recovery Value | Recovery Rate | 12.55% | Increase |
|  | $2809412 |  |  |  |  |

---

\*\* The table does not include Level 3 securities and/or derivatives that are valued by independent pricing vendors or brokers. As of January 31, 2026, the aggregate value of these securities and/or derivatives was $2,262,209. The unobservable inputs for these investments were not developed by the Fund and are not readily available (e.g. single broker quotes). 

**<u>Industry Classification</u>:** 

The industry classification of investments and other assets in excess of liabilities shown as a percentage of net assets as of January 31, 2026 were as follows:

---

| | |
|:---|:---|
|  Diversified Financial Services | 6.6 |
|  Oil & Gas | 5.6 |
|  Commercial Services | 5.5 |
|  Media | 5.1 |
|  Telecommunications | 4.8 |
|  Electric | 4.5 |
|  Healthcare-Services | 4.1 |
|  Home Builders | 4.0 |
|  Retail | 3.6 |
|  Real Estate Investment Trusts (REITs) | 3.5 |
|  Packaging & Containers | 3.1 |
|  Affiliated Mutual Fund | 3.0 |
|  Entertainment | 2.9 |
|  Insurance | 2.9 |
|  Lodging | 2.8 |
|  Mining | 2.8 |
|  Pipelines | 2.3 |
|  Leisure Time | 2.1 |
|  Chemicals | 1.9 |
|  Auto Parts & Equipment | 1.8 |
|  Computers | 1.7 |
|  Software | 1.5 |
|  Affiliated Exchange-Traded Fund | 1.5 |
|  Airlines | 1.4 |

---

---

| | |
|:---|:---|
|  Real Estate | 1.3 |
|  Auto Manufacturers | 1.3 |
|  Iron/Steel | 1.3 |
|  Building Materials | 1.2 |
|  Aerospace & Defense | 1.2 |
|  Foods | 1.2 |
|  Environmental Control | 1.2 |
|  Pharmaceuticals | 1.1 |
|  Collateralized Loan Obligations | 1.1 |
|  Banks | 0.7 |
|  Oil, Gas & Consumable Fuels | 0.7 |
|  U.S. Treasury Obligations | 0.7 |
|  Transportation | 0.6 |
|  Electrical Components & Equipment | 0.6 |
|  Internet | 0.6 |
|  Housewares | 0.6 |
|  Apparel | 0.5 |
|  Household Products/Wares | 0.5 |
|  Metal Fabricate/Hardware | 0.4 |
|  Miscellaneous Manufacturing | 0.4 |
|  Machinery-Diversified | 0.4 |
|  Home Furnishings | 0.4 |
|  Advertising | 0.3 |
|  Oil & Gas Services | 0.3 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

**<u>Industry Classification (continued)</u>:** 

---

| | |
|:---|:---|
|  Gas | 0.3 |
|  Investment Companies | 0.3 |
|  Wireless Telecommunication Services | 0.2 |
|  Distribution/Wholesale | 0.2 |
|  Machinery-Construction & Mining | 0.2 |
|  Holding Companies-Diversified | 0.2 |
|  Electronics | 0.2 |
|  Coal | 0.1 |
|  Cosmetics/Personal Care | 0.1 |
|  Forest Products & Paper | 0.1 |

---

---

| | |
|:---|:---|
|  Containers & Packaging | 0.0 |
|  | 99.5 |
|  Other assets in excess of liabilities | 0.5 |
|  | 100.0% |

---

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

\* Less than 0.05% 

**<u>Effects of Derivative Instruments on the Financial Statements and Primary Underlying Risk Exposure:</u>** 

The Fund invested in derivative instruments during the reporting period. The primary types of risk associated with these derivative instruments are credit risk, foreign exchange risk and interest rate risk. See the Notes to Financial Statements for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund's financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statement of Operations is presented in the summary below.

Fair values of derivative instruments as of January 31, 2026 as presented in the Statement of Assets and Liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| <br>**Derivatives not accounted for<br>as hedging instruments,<br>carried at fair value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair Value** | **Statement of**<br> **Assets and**<br> **Liabilities Location** | **Fair<br>Value** |
|  Credit contracts | Due from/to broker-variation margin swaps | $396205 \* |  | $— |
|  Foreign exchange contracts | Unrealized appreciation on OTC forward foreign currency exchange contracts | 14240 | Unrealized depreciation on OTC forward foreign currency exchange contracts | 56845 |
|  Interest rate contracts | Due from/to broker-variation margin futures | 184395 \* | Due from/to broker-variation margin futures | 292952 \* |
|  Interest rate contracts | Unrealized appreciation on OTC swap agreements | 1165605 |  |  |
|  |  | $1760445 |  | $349797 |

---

\* Includes cumulative appreciation (depreciation) as reported in the schedule of open futures and centrally cleared swap contracts. Only unsettled variation margin receivable (payable) is reported within the Statement of Assets and Liabilities.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 187

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

The effects of derivative instruments on the Statement of Operations for the six months ended January 31, 2026 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** | **Amount of Realized Gain (Loss) on Derivatives Recognized in Income** |
| **Derivatives not accounted for as hedging**<br> **instruments, carried at fair value** | **Options<br>Written** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $14154 | $— | $— | $717852 |
|  Foreign exchange contracts |  |  | 28124 |  |
|  Interest rate contracts |  | 717173 |  | 3366192 |
|  **Total** | $14154 | $717173 | $28124 | $4084044 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** | **Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income** |
| **Derivatives not accounted for**<br> **as hedging instruments,**<br> **carried at fair value** | **Futures** | **Forward<br>Currency<br>Exchange<br>Contracts** | **Swaps** |
|  Credit contracts | $— | $— | $(300390) |
|  Foreign exchange contracts |  | (126918) |  |
|  Interest rate contracts | (128917) |  | (1266065) |
|  **Total** | $(128917) | $(126918) | $(1566455) |

---

For the six months ended January 31, 2026, the Fund's average volume of derivative activities is as follows:

---

| | |
|:---|:---|
| **Derivative Contract Type** | **Average Volume of Derivative Activities\*** |
| &nbsp;&nbsp; Options Written (1) | $700000 |
| &nbsp;&nbsp; Futures Contracts - Long Positions (1) | 104294976 |
| &nbsp;&nbsp; Futures Contracts - Short Positions (1) | &nbsp;&nbsp;&nbsp;&nbsp;16516818 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Purchased (2) | &nbsp;&nbsp;&nbsp;&nbsp;3379916 |
| &nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - Sold (2) | &nbsp;&nbsp;&nbsp;&nbsp;6322538 |
| &nbsp;&nbsp; Credit Default Swap Agreements - Sell Protection (1) | &nbsp;&nbsp;&nbsp;&nbsp;16532533 |
| &nbsp;&nbsp; Total Return Swap Agreements (1) | 120626667 |

---

\* Average volume is based on average quarter end balances for the six months ended January 31, 2026.

(1) Notional Amount in USD.

(2) Value at Settlement Date.

**<u>Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements:</u>** 

The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives where the legal right to set-off exists is

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Schedule of Investments** (unaudited) (continued)

as of January 31, 2026

presented in the summary below.

**Offsetting of OTC derivative assets and liabilities:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amounts of<br>Recognized<br>Assets(1)** | **Gross Amounts of<br>Recognized<br>Liabilities(1)** | **Net Amounts of<br>Recognized<br>Assets/(Liabilities)** | **Collateral<br>Pledged/(Received)(2)** | **Net Amount** |
|  BNP | $4474 | $(4485) | $(11) | $— | $(11) |
|  BOA | 62 | (52189) | (52127) |  | (52127) |
|  HSBC | 9704 |  | 9704 |  | 9704 |
|  JPM | 873301 | (171) | 873130 | (873130) |  |
|  MSI | 292304 |  | 292304 | (292304) |  |
|  | $1179845 | $(56845) | $1123000 | $(1165434) | $(42434) |

---

(1) Includes unrealized appreciation/(depreciation) on swaps and forwards, premiums paid/(received) on swap agreements and
market value of purchased and written options, as represented on the Statement of Assets and Liabilities.

(2) Collateral amount disclosed by the Fund is limited to the market value of financial instruments/transactions and the
Fund's OTC derivative exposure by counterparty.

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 189

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Statement of Assets & Liabilities** (unaudited)

as of January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Assets** | |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at value: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated investments (cost $415,627,118) | $414432039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated investments (cost $19,510,084) | 19565614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | 85635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency, at value (cost $2,821) | 2872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends and interest receivable | 6600935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on OTC swap agreements | 1165605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable for investments sold | 102000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Due from broker—variation margin futures | 43432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on OTC forward foreign currency exchange contracts | 14240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | 43388 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | 442055760 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Liabilities** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable for investments purchased | 5206874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Management fee payable | 368057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other liabilities | 126676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on OTC forward foreign currency exchange contracts | 56845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest payable | 34444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Due to broker—variation margin swaps | 6942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trustees' fees payable | 470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on unfunded loan commitment | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | 5800508 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets** | $436255252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net assets were comprised of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of beneficial interest, at par | $24673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid-in capital in excess of par | 473051375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributable earnings (loss) | (36820796) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net assets, January 31, 2026** | $436255252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net asset value and redemption price per share<br>($436,255,252 ÷ 24,673,056 shares of beneficial interest issued and outstanding) | $17.68 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Statement of Operations** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Investment Income (Loss)** | |
| &nbsp;&nbsp;&nbsp;&nbsp; Income |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | $14379235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income | 614667 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total income** | 14993902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Management fee | 2207894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other borrowing fees and expenses | 204445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 51979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Custodian and accounting fees | 34377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shareholders' reports | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Audit fee | 26258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfer agent's fees and expenses | 11215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trustees' fees | 4881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 34208 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 2604691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Less: Fee waiver and/or expense reimbursement | (15227) |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net expenses** | 2589464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | 12404438 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Realized And Unrealized Gain (Loss) On Investment And Foreign Currency Transactions** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment transactions (including affiliated of $64,808) | 1312125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures transactions | 717173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contract transactions | 28124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options written transactions | 14154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreement transactions | 4084044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency transactions | 129357 |
|  | 6284977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments (including affiliated of $(50184)) | (4149390) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | (128917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (126918) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swap agreements | (1566455) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 9555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unfunded loan commitment | (200) |
|  | (5962325) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) on investment and foreign currency transactions | 322652 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Increase (Decrease) In Net Assets Resulting From Operations** | $12727090 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 191

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Statements of Changes in Net Assets** (unaudited)

---

| | | |
|:---|:---|:---|
| | **Six Months Ended<br>January 31, 2026** | |
| <br>&nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) in Net Assets** | | **Year Ended<br>July 31, 2025**<br> |
| &nbsp;&nbsp;&nbsp;&nbsp; **Operations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $12404438 | $24142673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investment and foreign currency transactions | 6284977 | 4215399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments and foreign currencies | (5962325) | 8986178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 12727090 | 37344250 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Dividends and Distributions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (15988140) | (26462891) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (5513390) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total dividends and distributions | (15988140) | (31976281) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) | (3261050) | 5367969 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 439516302 | 434148333 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $436255252 | $439516302 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Statement of Cash Flows** (unaudited)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash Flows Provided By / (Used For) Operating Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | $12727090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Adjustments To Reconcile Net Increase (Decrease) In Net Assets Resulting From Operations To Net Cash Provided By / (Used For) Operating Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposition of long-term portfolio investments, net of amounts receivable | 141772347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of long-term portfolio investments, net of amounts payable | (139644008) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net proceeds (purchases) of short-term portfolio investments | (2833619) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for swap agreements | 3783654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net premiums (paid) received for options written | 14154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of premium and accretion of discount on portfolio investments | (1048805) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on investment transactions (including affiliated of $64,808) | (1312125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on futures transactions | (717173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on options written transactions | (14154) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on forward currency contract transactions | (28124) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on swap agreement transactions | (4084044) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (gain) loss on foreign currency transactions | (129357) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on investments (including affiliated of $(50184)) | 4149390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on futures | 128917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on forward currency contracts | 126918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on swap agreements | 1566455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on foreign currencies | (9555) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized (appreciation) depreciation on unfunded loan commitment | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Increase) Decrease In Assets:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and interest receivable | (452714) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | 28190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) In Liabilities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustees' fees payable | (279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and Distributions payable | (91128) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to broker - variation margin futures | (26575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management fee payable | (2357) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other liabilities | 58882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to broker - variation margin swaps | (2924) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total adjustments | 1232166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) operating activities | 13959256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash | 755292 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash Flows Provided By (Used For) Financing Activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from Fund shares sold | 1118236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid on distributions from distributable earnings | (15988140) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by (used for) financing activities | (14869904) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in cash and restricted cash, including foreign currency | (155356) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash at beginning of period, including foreign currency | 287295 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Cash And Restricted Cash At End Of Period, Including Foreign Currency** | $131939 |

---

See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 193

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Statement of Cash Flows** (unaudited) (continued)

Six Months Ended January 31, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Supplemental Disclosure of Cash Flow Information and non-cash activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid during the period for interest expense | $204445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash purchases of investments | $2303236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-cash sales of investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2146951 |

---

**Reconciliation Of Cash And Restricted Cash Reported With The Statement Of Assets And Liabilities To The Statement Of Cash Flows:** 

---

| | |
|:---|:---|
|  | **January 31, 2026** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash | $85635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency, at value | 2872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Restricted cash: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from broker-variation margin futures | 43432 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Cash and Restricted Cash, Including Foreign Currency** | $131939 |

---

See Notes to Financial Statements.

------

**PGIM Short Duration High Yield Opportunities Fund** 

**Financial Highlights** (unaudited)

Six Months Ended January 31, 2026

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |  |
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **July 31,** | **July 31,** | **July 31,** | **July 31,** | **November 25, 2020<sup>(a)</sup>**<br>**through July 31, 2021** |
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **2025** | **2024** | **2023** | **2022** | **November 25, 2020<sup>(a)</sup>**<br>**through July 31, 2021** |
| &nbsp;&nbsp;&nbsp; **Per Share Operating Performance<sup>(b)</sup>:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Asset Value, Beginning of Period** | $17.81 | $17.60 | $17.24 | $17.47 | $19.90 | $20.00 |
| &nbsp;&nbsp;&nbsp; **Income (loss) from investment operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 0.50 | 0.98 | 0.90 | 0.78 | 0.70 | 0.42 |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investment | 0.02 | 0.53 | 0.76 | 0.29 | (1.83) | 0.24 |
| &nbsp;&nbsp;&nbsp; Total from investment operations | 0.52 | 1.51 | 1.66 | 1.07 | (1.13) | 0.66 |
| &nbsp;&nbsp;&nbsp; **Less Dividends and Distributions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividends from net investment income | (0.65) | (1.08) | (1.13) | (1.11) | (1.09) | (0.73) |
| &nbsp;&nbsp;&nbsp; Tax return of capital distributions | - | (0.22) | (0.17) | (0.19) | (0.21) | (0.03) |
| &nbsp;&nbsp;&nbsp; Total dividends and distributions | (0.65) | (1.30) | (1.30) | (1.30) | (1.30) | (0.76) |
| &nbsp;&nbsp;&nbsp; Net asset value, end of period | $17.68 | $17.81 | $17.60 | $17.24 | $17.47 | $19.90 |
| &nbsp;&nbsp;&nbsp; Market price, end of period | $16.59 | $16.69 | $15.71 | $15.27 | $15.59 | $19.50 |
| &nbsp;&nbsp;&nbsp; Total Return<sup>(c)</sup>: | 3.34% | 14.89% | 12.09% | 6.75% | (13.84)% | 1.38% |
| &nbsp;&nbsp;&nbsp; **Ratios/Supplemental Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period (000) | $436255 | $439516 | $434148 | $425402 | $431106 | $491089 |
| &nbsp;&nbsp;&nbsp; Average net assets (000) | $437979 | $435557 | $424606 | $419758 | $465574 | $489610 |
| &nbsp;&nbsp;&nbsp; Ratios to average net assets<sup>(d)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expenses after waivers and/or expense reimbursement<sup>(e)</sup> | 1.17 %<sup>(f)</sup> | 2.52% | 3.22% | 2.71% | 1.75% | 1.50 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp; Expenses before waivers and/or expense reimbursement<sup>(e)</sup> | 1.18 %<sup>(f)</sup> | 2.53% | 3.22% | 2.71% | 1.75% | 1.50 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 5.62 %<sup>(f)</sup> | 5.54% | 5.26% | 4.61% | 3.69% | 3.09 %<sup>(g)</sup> |
| &nbsp;&nbsp;&nbsp; Portfolio turnover rate<sup>(h)</sup> | 32% | 52% | 52% | 27% | 32% | 45% |
| &nbsp;&nbsp;&nbsp; Asset coverage | - % | -% | 447% | 440% | 445% | 419% |

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See Notes to Financial Statements.

PGIM Fixed Income Closed-End Funds 195

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**PGIM Short Duration High Yield Opportunities Fund** 

**Financial Highlights** (unaudited) (continued)

Six Months Ended January 31, 2026

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |  |
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **July 31,** | **July 31,** | **July 31,** | **July 31,** | **November 25, 2020<sup>(a)</sup>**<br>**through July 31, 2021** |
|  | **Six Months**<br>**Ended**<br>**January 31, 2026** | **2025** | **2024** | **2023** | **2022** | **November 25, 2020<sup>(a)</sup>**<br>**through July 31, 2021** |
| &nbsp;&nbsp;&nbsp; Total debt outstanding at period-end (000) | $- | $- | $125000 | $125000 | $125000 | $154000 |

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(a) Commencement of operations.

(b) Calculated based on average shares outstanding during the period.

(c) Total return is calculated assuming a purchase of common stock at the current market price on the first day and a sale at
the closing market price on the last day for the period reported. Dividends are assumed, for the purpose of this calculation, to be reinvested at prices obtainable under the Fund's dividend reinvestment plan. This amount does not reflect
brokerage commissions or sales load. Total returns for periods less than one full year are not annualized.

(d) Does not include expenses of the underlying funds in which the Fund invests.

(e) Includes interest expense and other borrowing fees and expenses of 0.09%, 1.22%, 1.85%, 1.36%, 0.37% and 0.20%, for the
six months ended January 31, 2026, years ended July 31, 2025, 2024, 2023, 2022 and period ended July 31, 2021, respectively. Includes tax expense of 0.01% for the period ended July 31, 2021.

(f) Annualized.

(g) Annualized, with the exception of certain non-recurring expenses.

(h) The Fund's portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to
transactions involving short-term investments, certain derivatives and in-kind transactions (if any). If such transactions were included, the Fund's portfolio turnover rate may be higher.

See Notes to Financial Statements.

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**Notes to Financial Statements** (unaudited)

**1.** **Organization** 

PGIM Global High Yield Fund, Inc. ("Global High Yield" or "GHY"), PGIM High Yield Bond Fund, Inc. ("High Yield Bond" or "ISD") and PGIM Short Duration High Yield Opportunities Fund ("Short Duration High Yield Opportunities" or "SDHY") (each, a "Fund" and collectively, the "Funds") are registered under the Investment Company Act of 1940, as amended ("1940 Act"), as diversified, closed-end management investment companies. Global High Yield and High Yield Bond were organized as Maryland corporations on July 23, 2012 and November 14, 2011, respectively. Short Duration High Yield Opportunities was organized as a Maryland statutory trust on May 18, 2020.

The Funds have the following investment objectives:

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| | |
|:---|:---|
| **Fund** | **Investment Objective** |
|  Global High Yield | Provide a high level of current income. |
|  High Yield Bond | Provide a high level of current income. |
| Short Duration High Yield Opportunities | Provide total return, through a combination of current income and capital appreciation. |

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**2.** **Accounting Policies** 

The Funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") Topic 946 Financial Services — *Investment Companies.* The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements. The policies conform to U.S. generally accepted accounting principles ("GAAP"). The Funds consistently follow such policies in the preparation of their financial statements.

The Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of ASU 2023-07 exclusively impacted financial statement disclosures only and did not affect the Funds' financial position or performance. The intent of ASU 2023-07 is, through improved segment disclosures, to enable investors to better understand an entity's overall performance. The officers of the Funds, as listed in the Funds' Statement of Additional Information, act as each Fund's chief operating decision maker ("CODM"). The CODM has determined that each Fund has a single operating segment as the CODM monitors the operating results of each Fund as a whole and the Funds' long-term strategic asset allocation is pre-determined in accordance with the terms of their respective prospectus, based on a defined investment strategy which is executed by the Funds' subadviser.

PGIM Fixed Income Closed-End Funds 197

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**Notes to Financial Statements** (unaudited) (continued)

The CODM allocates resources and assesses performance based on the operating results of each Fund, which is consistent with the results presented in the Fund's Schedule of Investments, Statement of Changes in Net Assets, Statement of Cash Flows and Financial Highlights.

*Securities Valuation:* The Funds hold securities and other assets and liabilities that are fair valued as of the close of each day (generally, 4:00 PM Eastern time) the New York Stock Exchange ("NYSE") is open for trading. As described in further detail below, the Funds' investments are valued daily based on a number of factors, including the type of investment and whether market quotations are readily available. Global High Yield and High Yield Bond Board of Directors and Short Duration High Yield Opportunities Board of Trustees (collectively, the "Board Members") have adopted valuation procedures for security valuation under which fair valuation responsibilities have been delegated to PGIM Investments LLC ("PGIM Investments", the "Investment Manager" or the "Manager") Pursuant to the Board Member'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 Funds 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. 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.

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 Funds' foreign investments may change on days when investors cannot purchase or sell Fund shares.

Various inputs determine how the Funds' 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 FASB ASC Topic 820 Fair Value Measurement.

Common or preferred stocks, exchange-traded funds ("ETFs") and derivative instruments, if applicable, that are traded on a national securities exchange are valued at the last sale price as of the close of trading on the applicable exchange where the security principally trades. Securities traded via Nasdaq are valued at the Nasdaq official closing price. To the extent these securities are valued at the last sale price or Nasdaq official closing price, they are classified as Level 1 in the fair value hierarchy. In the event that no sale or official closing price on a valuation date exists, these securities are generally valued at the mean between

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the last reported bid and ask prices, or at the last bid price in the absence of an ask price. These securities are classified as Level 2 in the fair value hierarchy.

Foreign equities traded on foreign securities exchanges are generally valued using pricing vendor services that provide model prices derived using adjustment factors based on information such as local closing price, relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable. Securities valued using such model prices are classified as Level 2 in the fair value hierarchy. The models generate an evaluated adjustment factor for each security, which is applied to the local closing price to adjust it for post closing market movements up to the time each Fund is valued. Utilizing that evaluated adjustment factor, the vendor provides an evaluated price for each security. If the vendor does not provide an evaluated price, securities are valued in accordance with exchange-traded common and preferred stock valuation policies discussed above.

Investments in open-end funds (other than ETFs) 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 over-the-counter ("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 vendor source. The Funds utilize 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.

Floating rate and other 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. Floating rate and other loans valued using such vendor prices are generally classified as Level 2 in the fair value hierarchy. Floating rate and other 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.

Private debt/loans are generally valued at prices obtained by independent valuation providers. Such valuation providers typically utilize the income approach as the primary methodology, but may use other fair value approaches based on facts and circumstances. Valuations received from the independent valuation providers are reviewed by the Valuation

PGIM Fixed Income Closed-End Funds 199

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**Notes to Financial Statements** (unaudited) (continued)

Designee to ensure the valuations are in accordance with the Funds' valuation policies and procedures as well as all relevant valuation and accounting standards. Private debt/loans are generally classified as Level 3 in the fair value hierarchy.

OTC and centrally cleared derivative instruments are generally classified as Level 2 in the fair value hierarchy. Such derivative instruments are typically valued using the market approach and/or income approach which generally involves obtaining data from an approved independent third-party vendor source. The Funds utilize the market approach when quoted prices in broker-dealer markets are available but also include consideration of alternative valuation approaches, including the income approach. In the absence of reliable market quotations, the income approach is typically utilized for purposes of valuing derivatives such as interest rate swaps based on a discounted cash flow analysis whereby the value of the instrument is equal to the present value of its future cash inflows or outflows. Such analysis includes projecting future cash flows and determining the discount rate (including the present value factors that affect the discount rate) used to discount the future cash flows. In addition, the third-party vendors' valuation techniques used to derive the evaluated derivative price is based on evaluating observable inputs, including but not limited to, underlying asset prices, indices, spreads, interest rates and exchange rates. Certain derivatives may be classified as Level 3 when valued using the market approach by obtaining a single broker quote or when utilizing unobservable inputs in the income approach. During the reporting period, there were no changes to report with respect to the valuation approach and/or valuation techniques discussed above.

Securities and other assets that cannot be priced according to the methods described above are valued based on policies and procedures approved by the Board Members. 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. Altering one or more unobservable inputs may result in a significant change to a Level 3 security's fair value measurement.

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; and any available analyst media or other reports or information deemed reliable by the Valuation Designee 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.

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*Foreign Currency Translation:* The books and records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis:

(i) market value of investment securities, other assets and liabilities — at the exchange rate as of the valuation date;

(ii) purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions.

Although the net assets of the Funds are presented at the foreign exchange rates and market values at the close of the period, the Funds do not generally isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities held at the end of the period. Similarly, the Funds do not isolate the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities sold during the period. Accordingly, holding period unrealized and realized foreign currency gains (losses) are included in the reported net change in unrealized appreciation (depreciation) on investments and net realized gains (losses) on investment transactions on the Statements of Operations. Notwithstanding the above, the Funds do isolate the effect of fluctuations in foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations; such amounts are included in net realized gains (losses) on foreign currency transactions.

Additionally, net realized gains (losses) on foreign currency transactions represent net foreign exchange gains (losses) from the disposition of holdings of foreign currencies, currency gains (losses) realized between the trade and settlement dates on investment transactions, and the difference between the amounts of interest, dividends and foreign withholding taxes recorded on the Funds' books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains (losses) arise from valuing foreign currency denominated assets and liabilities (other than investments) at period end exchange rates.

*Forward and Cross Currency Contracts:* A forward currency contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. Certain Funds enter into forward currency contracts, as defined in the prospectus, in order to hedge their exposure to changes in foreign currency exchange rates on their foreign portfolio holdings or on specific receivables and payables denominated in a foreign currency and to gain exposure to certain currencies. The contracts are valued daily at current forward exchange rates and any unrealized gain (loss) is included in net unrealized appreciation or depreciation on forward and cross currency contracts. Gain (loss) is realized on the settlement date of the contract equal to the difference between the settlement value of the original and negotiated forward contracts. This gain (loss), if any, is included in net realized gain (loss) on forward and cross currency contract transactions. Risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the

PGIM Fixed Income Closed-End Funds 201

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**Notes to Financial Statements** (unaudited) (continued)

terms of their contracts. Forward currency contracts involve risks from currency exchange rate and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Funds' maximum risk of loss from counterparty credit risk is the net value of the cash flows to be received from the counterparty at the end of the contract's life. A cross currency contract is a forward contract where a specified amount of one foreign currency will be exchanged for a specified amount of another foreign currency. The cash amounts pledged for forward currency contracts are considered restricted cash and are included in "Cash segregated for counterparty - OTC" in the Statement of Assets and Liabilities.

*Options:* Certain Funds purchased and/or wrote options in order to hedge against adverse market movements or fluctuations in value caused by changes in prevailing interest rates, value of equities or foreign currency exchange rates with respect to securities or financial instruments which the Fund currently owns or intends to purchase. The Funds may also use options to gain additional market exposure. The Funds' principal reason for writing options is to realize, through receipt of premiums, a greater current return than would be realized on the underlying security alone. When the Fund purchases an option, it pays a premium and an amount equal to that premium is recorded as an asset. When the Fund writes an option, it receives a premium and an amount equal to that premium is recorded as a liability. The asset or liability is adjusted daily to reflect the current market value of the option. If an option expires unexercised, the Fund realizes a gain (loss) to the extent of the premium received or paid. If an option is exercised, the premium received or paid is recorded as an adjustment to the proceeds from the sale or the cost of the purchase in determining whether the Fund has realized a gain (loss). The difference between the premium and the amount received or paid at the closing of a purchase or sale transaction is also treated as a realized gain (loss). Gain (loss) on purchased options is included in net realized gain (loss) on investment transactions. Gain (loss) on written options is presented separately as net realized gain (loss) on options written transactions.

The Fund, as writer of an option, may have no control over whether the underlying securities or financial instruments may be sold (called) or purchased (put). As a result, the Fund bears the market risk of an unfavorable change in the price of the security or financial instrument underlying the written option. The Fund, as purchaser of an OTC option, bears the risk of the potential inability of the counterparties to meet the terms of their contracts. With exchange-traded options contracts, there is minimal counterparty credit risk to the Fund since the exchanges' clearinghouse acts as counterparty to all exchange-traded options and guarantees the options contracts against default.

When the Fund writes an option on a swap, an amount equal to any premium received by the Fund is recorded as a liability and is subsequently adjusted to the current market value of the written option on the swap. If a call option on a swap is exercised, the Fund becomes obligated to pay a fixed interest rate (noted as the strike price) and receive a variable interest

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rate on a notional amount. If a put option on a swap is exercised, the Fund becomes obligated to pay a variable interest rate and receive a fixed interest rate (noted as the strike price) on a notional amount. Premiums received from writing options on swaps that expire or are exercised are treated as realized gains upon the expiration or exercise of such options on swaps. The risk associated with writing put and call options on swaps is that the Fund will be obligated to be party to a swap agreement if an option on a swap is exercised.

*Financial Futures Contracts:* A financial futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities at a set price for delivery on a future date. Upon entering into a financial futures contract, the Funds are required to deposit collateral with a futures commission merchant an amount of cash and/or other assets equal to a certain percentage of the contract amount. This amount is known as the "initial margin." Subsequent payments, known as "variation margin," are made or received by the Funds each day, equal to the change in the mark-to-market value of the futures contract. Such variation margin is recorded for financial statement purposes on a daily basis as unrealized gain (loss). When the contract expires or is closed, the gain (loss) is realized and is presented in the Statement of Operations as net realized gain (loss) on futures transactions.

Certain Funds invested in financial futures contracts in order to hedge their existing portfolio securities, or securities the Funds intend to purchase, against fluctuations in value caused by changes in prevailing interest rates. Should interest rates move unexpectedly, the Funds may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets. Since futures contracts are exchange-traded, there is minimal counterparty credit risk to the Funds since the exchanges' clearinghouse acts as counterparty to all exchange-traded futures and guarantees the futures contracts against default.

*Swap Agreements:* Certain Funds entered into certain types of swap agreements detailed in the disclosures below. A swap agreement is an agreement to exchange the return generated by one instrument for the return generated by another instrument. Swap agreements are negotiated in the OTC market and may be executed either directly with a counterparty ("OTC-traded") or through a central clearing facility, such as a registered exchange. Swap agreements are valued daily at current market value and any change in value is included in the net unrealized appreciation or depreciation on swap agreements. Centrally cleared swaps pay or receive an amount known as "variation margin", based on daily changes in the valuation of the swap contract. For OTC-traded, upfront premiums paid and received are shown as swap premiums paid and swap premiums received in the Statement of Assets and Liabilities. Risk of loss may exceed amounts recognized on the Statement of Assets and Liabilities. Swap agreements outstanding at period end, if any, are listed on the Schedule of Investments. The cash amounts pledged for swaps contracts are considered restricted cash and are included in "Due from broker-variation margin swaps" and "Deposit with broker for centrally cleared/exchange-traded derivatives" in the Statement of Assets and Liabilities.

PGIM Fixed Income Closed-End Funds 203

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**Notes to Financial Statements** (unaudited) (continued)

*Credit Default Swaps ("CDS"):* CDS involve one party (the protection buyer) making a stream of payments to another party (the protection seller) in exchange for the right to receive a specified payment in the event of a default or as a result of a default (collectively, a "credit event") for the referenced entity (typically corporate issues or sovereign issues of an emerging country) on its obligation; or in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising a credit index.

Certain Funds are subject to credit risk in the normal course of pursuing their investment objectives, and as such, has entered into CDS contracts 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" because the higher the contract value rises, the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases. The Funds' maximum risk of loss from counterparty credit risk for purchased CDS is the inability of the counterparty to honor the contract up to the notional value due to a credit event.

As a seller of protection on credit default swap agreements, the Fund generally receives an agreed upon payment from the buyer of protection throughout the term of the swap, provided no credit event occurs. As the seller, the Fund effectively increases its investment risk because, in addition to its total net assets, the Fund may be subject to investment exposure on the notional amount of the swap.

The maximum amount of the payment that the Fund, as a seller of protection, could be required to make under a credit default swap agreement would be equal to the notional amount of the underlying security or index contract as a result of a credit event. This potential amount will be partially offset by any recovery values of the respective referenced obligations or net amounts received from the settlement of buy protection credit default swap agreements which the Fund entered into for the same referenced entity or index. As a buyer of protection, the Fund generally receives an amount up to the notional value of the swap if a credit event occurs.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements where the Fund is the seller of protection as of period end are disclosed in the footnotes to the Schedule of Investments, if applicable. These spreads serve as indicators of the current status of the payment/performance risk and represent the likelihood of default risk for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to enter into the agreement. Wider credit spreads and increased market value in absolute terms, when compared to the notional amount of the swap,

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represent a deterioration of the referenced entity's credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

*Total Return Swaps:* In a total return swap, one party receives payments based on the market value of the security or the commodity involved, or total return of a specific referenced asset, such as an equity, index or bond, and in return pays a defined amount. Certain Funds are subject to risk exposures associated with the referenced asset in the normal course of pursuing their investment objectives. Certain Funds entered into total return swaps to manage their exposure to a security or an index. The Funds' maximum risk of loss from counterparty credit risk is the change in the value of the security, in the Funds' favor, from the point of entering into the contract.

*Floating Rate and Other Loans:* Certain Funds invested in floating rate and other loans. Floating rate and other loans include loans that are privately negotiated between a corporate borrower and one or more financial institutions, including, but not limited to, term loans, revolvers, and other instruments issued in the floating rate and other loans market. The Funds acquire interests in loans directly (by way of assignment from the selling institution) and/or indirectly (by way of the purchase of a participation interest from the selling institution). Under a floating rate and other loans assignment, the Funds generally will succeed to all the rights and obligations of an assigning lending institution and become a lender under the loan agreement with the relevant borrower in connection with that loan. Under a floating rate and other loans participation, the Funds generally will have a contractual relationship only with the lender, not with the relevant borrower. As a result, the Funds generally will have the right to receive payments of principal, interest, and any fees to which they are entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the relevant borrower. The Funds may not directly benefit from the collateral supporting the debt obligation in which they have purchased the participation. As a result, the Funds will assume the credit risk of both the borrower and the institution selling the participation to the Funds.

*Master Netting Arrangements:* The Funds are subject to various Master Agreements, or netting arrangements, with select counterparties. These are agreements which a subadviser may have negotiated and entered into on behalf of all or a portion of each Fund. A master netting arrangement between each Fund and the counterparty permits each Fund to offset amounts payable by each Fund to the same counterparty against amounts to be received and by the receipt of collateral from the counterparty by each Fund to cover each Fund's exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable. In addition to master netting arrangements, the right to set-off exists when all the conditions are met such that each of the parties owes the other determinable amounts, the reporting party has the right to set-off the amount owed with the amount owed by the other party, the reporting party intends to set-off and the right of set-off is enforceable by law.

PGIM Fixed Income Closed-End Funds 205

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**Notes to Financial Statements** (unaudited) (continued)

Each Fund is a party to International Swaps and Derivatives Association, Inc. ("ISDA") Master Agreements with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the Fund is held in a segregated account by the Fund's custodian and with respect to those amounts which can be sold or re-pledged, is presented in the Schedule of Investments. Collateral pledged by the Fund is segregated by the Fund's custodian and identified in the Schedule of Investments. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the Fund and the applicable counterparty. Collateral requirements are determined based on the Fund's net position with each counterparty. Termination events applicable to the Fund may occur upon a decline in the Fund's net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty's long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the Fund's counterparties to elect early termination could impact the Fund's future derivative activity.

In addition to each instrument's primary underlying risk exposure (e.g. interest rate, credit, equity or foreign exchange, etc.), swap agreements involve, to varying degrees, elements of credit, market and documentation risk. Such risks involve the possibility that no liquid market for these agreements will exist, the counterparty to the agreement may default on its obligation to perform or disagree on the contractual terms of the agreement, and changes in net interest rates will be unfavorable. In connection with these agreements, securities in the portfolio may be identified or received as collateral from the counterparty in accordance with the terms of the respective swap agreements to provide or receive assets of value and to serve as recourse in the event of default or bankruptcy/insolvency of either party. Such OTC derivative agreements include conditions which, when materialized, give the counterparty the right to cause an early termination of the transactions under those agreements. Any election by the counterparty for early termination of the contract(s) may impact the amounts reported on financial statements.

Short sales and OTC contracts, including forward foreign currency exchange contracts, swaps, forward rate agreements and written options involve elements of both market and credit risk in excess of the amounts reflected on the Statement of Assets and Liabilities, if applicable. Such risks may be mitigated by engaging in master netting arrangements.

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*Warrants:* Certain Funds held warrants acquired either through a direct purchase or pursuant to corporate actions. Warrants entitle the holder to buy a proportionate amount of common stock, or such other security that the issuer may specify, at a specific price and time through the expiration dates. Such warrants are held as long positions by the Funds until exercised, sold or expired. Warrants are valued at fair value in accordance with the Board Members approved fair valuation procedures.

*Payment-In-Kind:* Certain Funds invested in the open market or received pursuant to debt restructuring securities that pay-in-kind ("PIK") the interest due on such debt instruments. The PIK interest, computed at the contractual rate specified, is added to the existing principal balance of the debt when issued bonds have the same terms as the bond or recorded as a separate bond when terms are different from the existing debt, and is recorded as interest income.

*Securities Transactions and Net Investment Income:* Securities transactions are recorded on the trade date. Realized gains (losses) from investment and currency transactions are calculated on the specific identification method. Dividend income is recorded on the ex-date, or for certain foreign securities, when the Funds become aware of such dividends. Interest income, including amortization of premium and accretion of discount on debt securities, as required, is recorded on the accrual basis. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual expense amounts.

*Taxes:* It is each Fund's policy to continue to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its taxable net investment income and capital gains, if any, to its shareholders (for purposes of this report the shareholders of SDHY and the stockholders of ISD and GHY are referred to as "shareholders"). Therefore, no federal income tax provision is required. However, due to the timing of when distributions are made by the Fund, the Fund may be subject to an excise tax of 4% of the amount by which 98% of the Fund's annual taxable income for the calendar year and 98.2% of its net capital gains for a one-year period ending on October 31 exceed the distributions from such taxable income and net capital gains for the calendar year. Withholding taxes on foreign dividends, interest and capital gains, if any, are recorded, net of reclaimable amounts, at the time the related income is earned.

*Dividends and Distributions:* The Funds intend to make a level dividend distribution each month to the holders of common stock of ISD and GHY, and to the holders of common shares of beneficial interest ("common shares") of SDHY (sometimes collectively referred to herein as "shares"). The level dividend rate may be modified by the Board Members from time to time, and will be based upon the past and projected performance and expenses of the Funds. The Funds intend to also make a distribution during or with respect to each calendar year (which may be combined with a regular monthly distribution), which will generally include any net investment income and net realized capital gain for the year not otherwise distributed.

PGIM Fixed Income Closed-End Funds 207

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**Notes to Financial Statements** (unaudited) (continued)

PGIM Investments has received an order from the Securities and Exchange Commission (the "SEC") granting the Funds an exemption from Section 19(b) of the 1940 Act and Rule 19b-1 thereunder to permit certain closed-end funds managed by PGIM Investments to include realized long-term capital gains as a part of their respective regular distributions to the holders of common stock/common shares more frequently than would otherwise be permitted by the 1940 Act (generally once per taxable year). The Board Members may, at the request of PGIM Investments, adopt a managed distribution policy.

Dividends and distributions to shareholders, which are determined in accordance with federal income tax regulations and which may differ from GAAP, are recorded on the ex-date. Permanent book/tax differences relating to income and gain (loss) are reclassified amongst total distributable earnings (loss) and paid-in capital in excess of par, as appropriate.

*Estimates:* The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

**3.** **Agreements** 

Each Fund has a management agreement with PGIM Investments. Pursuant to these agreements, PGIM Investments has responsibility for all investment advisory services,, supervises the subadviser's performance of such services and renders administrative services. With respect to ISD and GHY, PGIM Investments has entered into subadvisory agreements with PGIM, Inc., which provides subadvisory services to the Funds through its business unit PGIM Fixed Income, and PGIM, Inc. has entered into a sub-subadvisory agreement with PGIM Limited. With respect to SDHY, PGIM Investments has entered into a subadvisory agreement with PGIM, Inc., which provides subadvisory services to the Fund through its business unit PGIM Fixed Income, and PGIM Limited (collectively the "subadviser").

The management fee paid to the Manager is accrued daily and payable monthly, using the average daily value of the Fund's investable assets at the respective annual rates specified below. "Investable assets" refers to the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of any outstanding preferred stock issued by the Fund, the principal amount of any borrowings and the principal on any debt securities issued by the Fund.

---

| | |
|:---|:---|
| **Fund** | **Management Fee** |
|  Global High Yield | 0.85% |
|  High Yield Bond | 0.80 |
| Short Duration High Yield Opportunities | 1.00 |

---

------

The Manager has contractually agreed that to the extent the Fund invests in an ETF advised by PGIM Investments ("PGIM ETF"), the Manager will waive any management fees it receives from the Fund in an amount equal to the unitary management fee received by PGIM Investments from the PGIM ETF attributable to the Fund's investment in such PGIM ETF. This waiver will be effective at any time the Fund is invested in the PGIM ETF and will remain in effect for so long as the Fund is invested in the PGIM ETF, unless earlier terminated by agreement of the Board of the Fund.

PGIM Investments, PGIM Limited and PGIM, Inc. are indirect, wholly-owned subsidiaries of Prudential Financial, Inc. ("Prudential").

**4.** **Other Transactions with Affiliates** 

The Funds may invest their overnight sweep cash in the PGIM Core Government Money Market Fund (the "Core Government Fund"), a series of the Prudential Government Money Market Fund, Inc., registered under the 1940 Act and managed by PGIM Investments. PGIM Investments and/or its affiliates are paid fees or reimbursed for providing their services to the Core Government Fund. In addition to the realized and unrealized gains on investments in the Core Government Fund, earnings from such investments are disclosed on the Statement of Operations as "Affiliated dividend income".

The Funds may enter into certain securities purchase or sale transactions under Board Members approved Rule 17a-7 procedures. Rule 17a-7 is an exemptive rule under the 1940 Act that, subject to certain conditions, permits purchase and sale transactions among affiliated investment companies, or between an investment company and a person that is affiliated solely by reason of having a common (or affiliated) investment adviser, common directors/trustees, and/or common officers. For the reporting period ended January 31, 2026, no Rule 17a-7 transactions were entered into by the Funds.

**5.** **Portfolio Securities** 

The aggregate cost of purchases and proceeds from sales of portfolio securities (excluding short-term investments and U.S. Government securities) for the reporting period ended January 31, 2026, were as follows:

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| | | |
|:---|:---|:---|
| **Fund** | **Cost of<br>Purchases** | **Proceeds<br>from Sales** |
|  Global High Yield | $191424767 | $206368015 |
|  High Yield Bond | 116894101 | 116175642 |
| Short Duration High Yield Opportunities | 135364062 | 140119940 |

---

A summary of the cost of purchases and proceeds from sales of shares of affiliated investments for the reporting period ended January 31, 2026, is presented as follows:

PGIM Fixed Income Closed-End Funds 209

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**Notes to Financial Statements** (unaudited) (continued)

**Global High Yield** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,<br>Beginning**<br> **of**<br> **Period** | **Cost of<br>Purchases** | **Proceeds<br>from Sales** | **Change in<br>Unrealized<br>Gain**<br> **(Loss)** | **Realized<br>Gain<br>(Loss)** | **Value,**<br> **End**<br> **of**<br> **Period** | **Shares,<br>End**<br> **of**<br> **Period** | **Income** | **Capital**<br> **Gain**<br> **Distributions** |
|  **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | | | | |
|  PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wb)</sup> |  |  |
| $5796853 | $93621149 | $89660141 | $— | $— | $9757861 | 9757861 | $158286 | $— |

---

**High Yield Bond** 

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,** <br> **Beginning** <br> **of** <br> **Period** | **Cost of**<br> **Purchases** | **Proceeds**<br> **from Sales** | **Change in**<br> **Unrealized**<br> **Gain**<br> **(Loss)** | **Realized**<br> **Gain**<br> **(Loss)** | **Value,**<br> **End** <br> **of**<br> **Period** | **Shares,**<br> **End**<br> **of**<br> **Period** | **Income** | **Capital**<br> **Gain**<br> **Distributions** |
|  **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | | | |
|  PGIM AAA CLO ETF | PGIM AAA CLO ETF |  |  |  |  |  |  |  |
| $15596440 | $— | $— | $21211 | $— | $15617651 | 303020 | $398326 | $— |
|  **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** |  |  |  |  |
|  PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> |  |  |
| $6449489 | $57085200 | $59873591 | $— | $— | $3661098 | 3661098 | $160134 | $— |
| $22045929 | $57085200 | $59873591 | $21211 | $— | $19278749 |  | $558460 | $— |

---

**Short Duration High Yield Opportunities** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value,**<br> **Beginning**<br> **of** <br> **Period** | **Cost of**<br> **Purchases** | **Proceeds** <br> **from Sales** | **Change in**<br> **Unrealized**<br> **Gain**<br> **(Loss)** | **Realized**<br> **Gain**<br> **(Loss)** | **Value,**<br> **End** <br> **of**<br> **Period** | **Shares,**<br> **End**<br> **of**<br> **Period** | **Income** | **Capital**<br> **Gain**<br> **Distributions** |
|  **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | **Long-Term Investments - Affiliated Exchange-Traded Fund<sup>(wa)</sup>:** | | | |
|  PGIM AAA CLO ETF | PGIM AAA CLO ETF |  |  |  |  |  |  |  |
| $15843032 | $— | $9415156 | $(50184) | $64808 | $6442500 | 125000 | $404624 | $— |
|  **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** | **Short-Term Investments - Affiliated Mutual Fund:** |  |  |
|  PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> | PGIM Core Government Money Market Fund (7-day effective yield 3.805%)<sup>(wa)</sup> |  |  |
| $10289495 | $77050435 | $74216816 | $— | $— | $13123114 | 13123114 | $210043 | $— |
| $26132527 | $77050435 | $83631972 | $(50184) | $64808 | $19565614 |  | $614667 | $— |

---

(wa) Represents investments in Funds affiliated with the Manager.

(wb) Represents an investment in a Fund affiliated with the Manager.

**6.** **Tax Information** 

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The United States federal income tax basis of the Funds' investments and the net unrealized appreciation (depreciation) as of January 31, 2026 were as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Tax Basis** | **Gross**<br> **Unrealized**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Appreciation**  | **Gross**<br> **Unrealized**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Depreciation**  | **Net**<br> **Unrealized**<br> **Appreciation<br> (Depreciation)**  |
|  Global High Yield | $629533982 | $236871097 | $(232287399) | $4583698 |
|  High Yield Bond | 468770563 | 21775327 | (21876260) | (100933) |
|  Short Duration High Yield Opportunities | 435383224 | 12177602 | (12152725) | 24877 |

---

The GAAP basis may differ from tax basis due to certain tax-related adjustments.

For federal income tax purposes, the following Funds had an approximated capital loss carryforward as of July 31, 2025 which can be carried forward for an unlimited period. No capital gains distributions are expected to be paid to shareholders until net gains have been realized in excess of such losses.

---

| | | |
|:---|:---|:---|
| **Fund** | **Capital Loss**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Carryforward**  | **Capital Loss**<br> **Carryforward Utilized** |
|  Global High Yield | $179295000 | $— |
|  High Yield Bond | 119638000 |  |
|  Short Duration High Yield Opportunities | 26178000 |  |

---

The Funds indicated below elected to treat the below approximated losses as having been incurred in the following fiscal year (July 31, 2026).

---

| | | |
|:---|:---|:---|
| **Fund** | **Qualified Late-Year<br>Losses** | **Post-October<br> Capital Losses**  |
|  Global High Yield | $3649000 | $— |
|  High Yield Bond |  |  |
|  Short Duration High Yield Opportunities | 13000 |  |

---

The Manager has analyzed the Funds' tax positions taken on federal, state and local income tax returns for all open tax years and has concluded that no provision for income tax is required in the Funds' financial statements for the current reporting period. Since tax authorities can examine previously filed tax returns, the Funds' U.S. federal and state tax returns for each of the four fiscal years up to the most recent fiscal year ended July 31, 2025 are subject to such review.

PGIM Fixed Income Closed-End Funds 211

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**Notes to Financial Statements** (unaudited) (continued)

**7.** **Capital and Ownership** 

Global High Yield and High Yield Bond have 1 billion shares of $0.001 par value common stock authorized. Short Duration High Yield Opportunities has authorized an unlimited amount of common shares of beneficial interest with $0.001 par value per share. As of January 31, 2026, Prudential, through its affiliated entities, including affiliated funds (if applicable), owned shares of the Funds as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Number of Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Percentage of**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Outstanding Shares**  |
|  Global High Yield | 17973 | 0.04% |
|  High Yield Bond | 17061 | 0.05 |
|  Short Duration High Yield Opportunities | 7428 | 0.03 |

---

At the reporting period end, the number of shareholders holding greater than 5% of the Funds are as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Number of**<br> **Shareholders** | **Percentage of**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Outstanding Shares**  |
|  **Affiliated:** | | |
|  Global High Yield |  | —% |
|  High Yield Bond |  |  |
|  Short Duration High Yield Opportunities |  |  |
|  **Unaffiliated:** |  |  |
|  Global High Yield | 6 | 70.4 |
|  High Yield Bond | 7 | 76.7 |
|  Short Duration High Yield Opportunities | 5 | 68.5 |

---

For the reporting period ended January 31, 2026, the Global High Yield and High Yield Bond Funds issued shares of common stock/common shares in connection with the Funds' dividend reinvestment plan.

**8.** **Borrowings and Re-hypothecation** 

Each Fund has entered into a committed credit facility agreement (the "Credit Facility"). Global High Yield has entered into a credit facility agreement with BNP Paribas Prime Brokerage, Inc.; High Yield Bond and Short Duration High Yield Opportunities have entered into credit facility agreements with The Bank of Nova Scotia (collectively, the "Financial Institutions") pursuant to which Global High Yield, High Yield Bond and Short Duration High Yield Opportunities may borrow up to a maximum commitment amount of $300 million, $210 million and $200 million, respectively. The Funds will pay interest in the amount of 0.85% plus the daily Secured Overnight Financing Rate ("SOFR") on the amount outstanding. Such interest expenses, as well as fees for the Credit Facility (including commitment fees for any portion of the Credit Facility not drawn upon at any time during the period), are disclosed in the Statement of Operations under Interest expense. The Funds'

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obligations under the Credit Facility are secured by the assets of the Funds segregated for the purpose of securing the amount borrowed and are indicated in the Schedule of Investments. The purpose of the Credit Facility is to provide the Funds with portfolio leverage and to meet its general cash flow requirements. If the Funds fails to meet certain requirements or maintain other financial covenants required under the Credit Facility, the Funds may be required to repay immediately, in part or in full, the loan balance outstanding.

The Funds indicated below utilized the credit facility during the reporting period ended January 31, 2026. The average balance outstanding is for the number of days the Funds utilized the credit facility.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Average**<br> **Balance**<br> **Outstanding** | **Weighted**<br> **Average**<br> **Interest Rates** | **Number**<br> **of Days**<br> **Outstanding** | **Maximum**<br> **Balance**<br> **Outstanding** | **Balance**<br> **Outstanding at**<br> **January 31, 2026** |
|  Global High Yield | $100000000 | 4.90% | 184 | $100000000 | $100000000 |

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*Re-hypothecation:* The credit facility permits, subject to certain conditions, the Financial Institutions to re-hypothecate, a portion of the portfolio securities segregated by the Funds as collateral. The Funds continue to receive interest on re-hypothecated securities. The Funds also have the right under the agreement to recall the re-hypothecated securities from the Financial Institutions on demand. If the Financial Institutions fail to deliver the recalled security in a timely manner, the Funds will be compensated by the Financial Institutions for any fees or losses related to the failed delivery or, in the event a recalled security will not be returned by the Financial Institutions, the Funds, upon notice to the Financial Institutions, may reduce the loan balance outstanding by the value of the recalled security failed to be returned plus accrued interest. The Funds will receive a portion of the fees earned by the Financial Institutions in connection with the re-hypothecation of portfolio securities which reduces the interest expense on borrowings. For the reporting period ended January 31, 2026, there were no re-hypothecated securities.

**9.** **Risks of Investing in the Funds** 

The following is a summary description of principal risks of investing in the Funds. Each Fund's principal risks include, but are not limited to, some or all of the risks discussed below.

*"Covenant-Lite" Risk:* Some of the loans or debt obligations in which the Fund may invest or get exposure to may be "covenant-lite", which means the loans or obligations contain fewer financial maintenance covenants than other loans or obligations (in some cases, none) and do not include terms which allow the lender to monitor the borrower's performance and declare a default if certain criteria are breached. An investment by the Fund in a covenant-lite loan may potentially hinder the ability to reprice credit risk associated with the issuer and reduce the ability to restructure a problematic loan and mitigate potential loss. The Fund may also experience difficulty, expenses or delays in enforcing its rights on its holdings of covenant-lite loans or obligations. As a result of these risks, the Fund's exposure

PGIM Fixed Income Closed-End Funds 213

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**Notes to Financial Statements** (unaudited) (continued)

to losses may be increased, which could result in an adverse impact on the Fund's net income and NAV.

*Credit Risk:* This is the risk that the issuer, the guarantor, or the insurer of a fixed income security, or the counterparty to a contract may be unable or unwilling to make timely principal and interest payments or to otherwise honor its obligations. Additionally, fixed income securities could lose value due to a loss of confidence in the ability of the issuer, guarantor, insurer, or counterparty to pay back debt. The lower the credit quality of a bond, the more sensitive it is to credit risk.

*Cyber Security Risk:* Failures or breaches of the electronic systems of the Fund, the Fund's manager, subadviser, distributor, and other service providers, or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund's business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund's service providers or issuers of securities in which the Fund invests. In addition, the rapid development and increasingly widespread use of artificial intelligence, including machine learning technology and generative artificial intelligence, could exacerbate these risks or result in cyber security incidents that implicate personal data.

*Debt Obligations Risk:* Debt obligations are fixed income investments that are subject to credit risk, market risk and interest rate risk. The Fund's holdings, share price, yield and total return may also fluctuate in response to bond market movements. The value of bonds may decline for issuer-related reasons, including management performance, financial leverage and reduced demand for the issuer's goods and services. Certain types of fixed income obligations also may be subject to "call and redemption risk," which is the risk that the issuer may call a bond held by the Fund for redemption before it matures and the Fund may not be able to reinvest at the same rate of interest and therefore would earn less income.

*Derivatives Risk:* Derivatives involve special risks and costs and may result in losses to the Fund. The successful use of derivatives requires sophisticated management, and, to the extent that derivatives are used, the Fund will depend on its subadviser's ability to analyze and manage derivatives transactions. The prices of derivatives may move in unexpected ways, especially in abnormal market conditions. Some derivatives are "leveraged" or may create economic leverage for the Fund and therefore may magnify or otherwise increase investment losses to the Fund. The Fund's use of derivatives may also increase the amount of taxes payable by shareholders.

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Other risks arise from the potential inability to terminate or sell derivatives positions. A liquid secondary market may not always exist for the Fund's derivatives positions. In fact, many over-the-counter derivative instruments will not have liquidity beyond the counterparty to the instrument. Over-the-counter derivative instruments also involve the risk that the other party will not meet its obligations to the Fund. The use of derivatives also exposes the Fund to operational issues, such as documentation and settlement issues, systems failures, inadequate control and human error.

Derivatives may also involve legal risks, such as insufficient documentation, the lack of capacity or authority of a counterparty to execute or settle a transaction, and the legality and enforceability of derivatives contracts. The U.S. Government and foreign governments have adopted (and may adopt further) regulations governing derivatives markets, including mandatory clearing of certain derivatives, margin and reporting requirements and risk exposure limitations. Regulation of derivatives may make derivatives more costly, limit their availability or utility to the Fund, or otherwise adversely affect their performance or disrupt markets.

*Economic and Market Events Risk:* Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth or the functioning of the securities markets, or otherwise reduce inflation, may at times result in unusually high market volatility, which could negatively impact performance. Governmental efforts to curb inflation often have negative effects on the level of economic activity. Relatively reduced liquidity in credit and fixed income markets could adversely affect issuers worldwide.

*Emerging Markets Risk:* The risks of foreign investments are greater for investments in or exposed to emerging markets. Emerging market countries typically have economic and political systems that are less fully developed, and can be expected to be less stable, than those of more developed countries. For example, the economies of such countries can be subject to rapid and unpredictable rates of inflation or deflation. Low trading volumes may result in a lack of liquidity and price volatility. Emerging market countries may have policies that restrict investment by non-U.S. investors, or that prevent non-U.S. investors from withdrawing their money at will.

The Fund may invest in some emerging markets that subject it to risks such as those associated with illiquidity, custody of assets, different settlement and clearance procedures and asserting legal title under a developing legal and regulatory regime to a greater degree than in developed markets or even in other emerging markets.

*Foreign Securities Risk:* Investments in securities of non-U.S. issuers (including those denominated in U.S. dollars) may involve more risk than investing in securities of U.S. issuers. Foreign political, economic and legal systems, especially those in developing and emerging market countries, may be less stable and more volatile than in the United States. Foreign legal systems generally have fewer regulatory requirements than the U.S. legal system, particularly those of emerging markets. In general, less information is publicly

PGIM Fixed Income Closed-End Funds 215

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**Notes to Financial Statements** (unaudited) (continued)

available with respect to non-U.S. companies than U.S. companies. Non-U.S. companies generally are not subject to the same accounting, auditing, and financial reporting standards as are U.S. companies. Additionally, the changing value of foreign currencies and changes in exchange rates could also affect the value of the assets the Fund holds and the Fund's performance. Certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest or dividends to investors located outside the country, due to blockage of foreign currency exchanges or otherwise. Investments in emerging markets are subject to greater volatility and price declines.

In addition, the Fund's investments in non-U.S. securities may be subject to the risks of nationalization or expropriation of assets, imposition of currency exchange controls or restrictions on the repatriation of non-U.S. currency, confiscatory taxation and adverse diplomatic developments. Special U.S. tax considerations may apply.

*Interest Rate Risk:* The value of your investment may go down when interest rates rise. A rise in rates tends to have a greater impact on the prices of longer term or duration debt securities. For example, a fixed income security with a duration of three years is expected to decrease in value by approximately 3% if interest rates increase by 1%. This is referred to as "duration risk." When interest rates fall, the issuers of debt obligations may prepay principal more quickly than expected, and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk." In addition, if the Fund purchases a fixed income security at a premium (at a price that exceeds its stated par or principal value), the Fund may lose the amount of the premium paid in the event of prepayment. When interest rates rise, debt obligations may be repaid more slowly than expected, and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk." The Fund may lose money if short-term or long-term interest rates rise sharply or in a manner not anticipated by the subadviser.

*Junk Bonds Risk:* High-yield, high-risk bonds have predominantly speculative characteristics, including particularly high credit risk. Junk bonds tend to have lower market liquidity than higher-rated securities. The liquidity of particular issuers or industries within a particular investment category may shrink or disappear suddenly and without warning. The non-investment grade bond market can experience sudden and sharp price swings and become illiquid due to a variety of factors, including changes in economic forecasts, stock market activity, large sustained sales by major investors, a high profile default or a change in the market's psychology.

*Leverage Risk:* The Fund may seek to enhance the level of its current distributions to holders of common shares through the use of leverage. The Fund may use leverage through borrowings, including loans from certain financial institutions. The Fund may borrow in amounts up to 33 1/3% (as determined immediately after borrowing) of the Fund's

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investable assets. The use of leverage can create special risks. There can be no assurance that any leveraging strategy the Fund employs will be successful during any period in which it is employed.

*Limited Term and Tender Offer Risk (applicable to SDHY only)*: In accordance with the Fund's Declaration of Trust (the "Declaration of Trust"), the Fund intends to terminate as of the close of business on the ninth anniversary of the effective date of the Fund's initial registration statement, which the Fund currently expects to occur on or about November 30, 2029 (the "Dissolution Date"); provided that the Board may, by a vote of a majority of the Board and seventy-five percent (75%) of the members of the Board who either (i) have been a member of the Board for a period of at least thirty-six months (or since the commencement of the Fund's operations, if less than thirty-six months) or (ii) were nominated to serve as a member of the Board by a majority of the Continuing Trustees (as defined in the Declaration of Trust) then members of the Board (the "75% Requirement") (a "Board Action Vote"), without shareholder approval, extend the Dissolution Date once for up to six months, which date shall then become the Dissolution Date. Notwithstanding the foregoing, the Board may determine, by a Board Action Vote, to cause the Fund to conduct a tender offer, as of a date within twelve months preceding the Dissolution Date (as may be extended as described above), to all common shareholders to purchase 100% of the then outstanding Common Shares of the Fund at a price equal to the NAV per Common Share on the expiration date of the tender offer (an "Eligible Tender Offer"). The Board has established that the Fund must have at least $200 million of net assets immediately following the completion of an Eligible Tender Offer to ensure the continued viability of the Fund (the "Dissolution Threshold"). In an Eligible Tender Offer, the Fund will offer to purchase all Common Shares held by each common shareholder; provided that if the number of properly tendered Common Shares would result in the Fund having aggregate net assets below the Dissolution Threshold, the Eligible Tender Offer will be canceled, no Common Shares will be repurchased pursuant to the Eligible Tender Offer, and the Fund will terminate as scheduled. If an Eligible Tender Offer is conducted and the number of properly tendered Common Shares would result in the Fund having aggregate net assets greater than or equal to the Dissolution Threshold, all Common Shares properly tendered and not withdrawn will be purchased by the Fund pursuant to the terms of the Eligible Tender Offer. Following the completion of an Eligible Tender Offer, the Board may, by a Board Action Vote, eliminate the Dissolution Date without shareholder approval and cause the Fund to have a perpetual existence. Unless the limited term provision of the Declaration of Trust is amended by the Board and the shareholders in accordance with the Declaration of Trust, or unless the Fund completes an Eligible Tender Offer and converts to perpetual existence, the Fund will terminate on or about the Dissolution Date (subject to possible extension). The Fund is not a so-called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund as its investment objective is not to return its original NAV on the Dissolution Date or in an Eligible Tender Offer. The Fund's investment objective and policies are not designed to seek to return to investors that purchase shares in this offering their initial investment on the Dissolution Date or in an Eligible Tender Offer, and such investors and investors that purchase shares after the completion of this offering may

PGIM Fixed Income Closed-End Funds 217

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**Notes to Financial Statements** (unaudited) (continued)

receive more or less than their original investment upon dissolution or in an Eligible Tender Offer. Because the assets of the Fund will be liquidated in connection with the dissolution, the Fund will incur transaction costs in connection with dispositions of portfolio securities. The Fund does not limit its investments to securities having a maturity date prior to the Dissolution Date and may be required to sell portfolio securities when it otherwise would not, including at times when market conditions are not favorable, which may cause the Fund to lose money. In particular, the Fund's portfolio may still have large exposures to illiquid securities as the Dissolution Date approaches, and losses due to portfolio liquidation may be significant. The Fund generally considers "illiquid securities" to be securities that cannot be sold or disposed of within seven days in the ordinary course of business at approximately the value used by the Fund in determining its NAV. During the Wind-Down Period, the Fund may begin liquidating all or a portion of the Fund's portfolio, and the Fund may deviate from its investment strategy and may not achieve its investment objective. As a result, during the Wind-Down Period, the Fund's distributions may decrease, and such distributions may include a return of capital. It is expected that common shareholders will receive cash in any liquidating distribution from the Fund, regardless of their participation in the Fund's automatic dividend reinvestment plan. However, if on the Dissolution Date the Fund owns securities for which no market exists or securities that are trading at depressed prices, such securities may be placed in a liquidating trust. The Fund cannot predict the amount, if any, of securities that will be required to be placed in a liquidating trust. The Fund may receive proceeds from the disposition of portfolio investments that are less than the valuations of such investments by the Fund and, in particular, losses from the disposition of illiquid securities may be significant. The disposition of portfolio investments by the Fund could also cause market prices of such instruments, and hence the NAV and market price of the Common Shares, to decline. In addition, disposition of portfolio investments will cause the Fund to incur increased brokerage and related transaction expenses. Moreover, in conducting such portfolio transactions, the Fund may need to deviate from its investment policies and may not achieve its investment objective. The Fund's portfolio composition may change as its portfolio holdings mature or are called or sold in anticipation of an Eligible Tender Offer or the Dissolution Date. During such period(s), it is possible that the Fund will hold a greater percentage of its total assets in shorter term and lower yielding securities and cash and cash equivalents than it would otherwise, which may impede the Fund's ability to achieve its investment objective and adversely impact the Fund's performance and distributions to common shareholders, which may in turn adversely impact the market value of the Common Shares. In addition, the Fund may be required to reduce its leverage, which could also adversely impact its performance. The additional cash or cash equivalents held by the Fund could be obtained through reducing the Fund's distributions to common shareholders and/or holding cash in lieu of reinvesting, which could limit the ability of the Fund to participate in new investment opportunities. The Fund does not limit its investments to securities having a maturity date prior to or around the Dissolution Date, which may exacerbate the foregoing risks and considerations. A common shareholder may be subject

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to the foregoing risks over an extended period of time, particularly if the Fund conducts an Eligible Tender Offer and is also subsequently terminated by or around the Dissolution Date. If the Fund conducts an Eligible Tender Offer, the Fund anticipates that funds to pay the aggregate purchase price of shares accepted for purchase pursuant to the tender offer will be first derived from any cash on hand and then from the proceeds from the sale of portfolio investments held by the Fund. In addition, the Fund may be required to dispose of portfolio investments in connection with any reduction in the Fund's outstanding leverage necessary in order to maintain the Fund's desired leverage ratios following a tender offer. The risks related to the disposition of securities in connection with the Fund's dissolution also would be present in connection with the disposition of securities in connection with an Eligible Tender Offer. It is likely that during the pendency of a tender offer, and possibly for a time thereafter, the Fund will hold a greater than normal percentage of its total assets in cash and cash equivalents, which may impede the Fund's ability to achieve its investment objective and decrease returns to shareholders. The tax effect of any such dispositions of portfolio investments will depend on the difference between the price at which the investments are sold and the tax basis of the Fund in the investments. Any capital gains recognized on such dispositions, as reduced by any capital losses the Fund realizes in the year of such dispositions and by any available capital loss carryforwards, will be distributed to shareholders as capital gain dividends (to the extent of net long-term capital gains over net short-term capital losses) or ordinary dividends (to the extent of net short-term capital gains over net long-term capital losses) during or with respect to such year, and such distributions will generally be taxable to common shareholders. Therefore, the Fund's early disposition of portfolio investments could accelerate the timing of the Fund's recognition of taxable income and cause the Fund to make taxable distributions to common shareholders earlier than the Fund otherwise would have. The purchase of Common Shares by the Fund pursuant to a tender offer will have the effect of increasing the proportionate interest in the Fund of non-tendering common shareholders. All common shareholders remaining after a tender offer may be subject to proportionately higher expenses due to the reduction in the Fund's total assets resulting from payment for the tendered Common Shares. Such reduction in the Fund's total assets may result in less investment flexibility, reduced diversification and greater volatility for the Fund, and may have an adverse effect on the Fund's investment performance. Such reduction in the Fund's total assets may also cause Common Shares to become thinly traded or otherwise negatively impact secondary trading of Common Shares. A reduction in net assets, and the corresponding increase in the Fund's expense ratio, could result in lower returns and put the Fund at a disadvantage relative to its peers and potentially cause the Common Shares to trade at a wider discount to NAV than it otherwise would. Furthermore, the portfolio of the Fund following an Eligible Tender Offer could be significantly different and, therefore, common shareholders retaining an investment in the Fund could be subject to greater risk. For example, the Fund may be required to sell its more liquid, higher quality portfolio investments to purchase Common Shares that are tendered in an Eligible Tender Offer, which would leave a less liquid, lower quality portfolio for remaining shareholders. The prospects of an Eligible Tender Offer may attract arbitrageurs who would purchase the Common Shares prior to the tender offer for the sole purpose of tendering those shares which could have the effect of exacerbating the risks described herein for shareholders retaining an investment in the Fund following an Eligible

PGIM Fixed Income Closed-End Funds 219

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**Notes to Financial Statements** (unaudited) (continued)

Tender Offer. The Fund is not required to conduct an Eligible Tender Offer. If the Fund conducts an Eligible Tender Offer, there can be no assurance that the number of tendered Common Shares would not result in the Fund having aggregate net assets below the Dissolution Threshold, in which case the Eligible Tender Offer will be canceled, no Common Shares will be repurchased pursuant to the Eligible Tender Offer and the Fund will dissolve on the Dissolution Date (subject to possible extensions of no more than six months in total). Following the completion of an Eligible Tender Offer in which the number of tendered Common Shares would result in the Fund having aggregate net assets greater than or equal to the Dissolution Threshold, the Board may, by a Board Action Vote, eliminate the Dissolution Date without shareholder approval. Thereafter, the Fund will have a perpetual term. The Manager may have a conflict of interest in recommending to the Board that the Dissolution Date be eliminated because the Manager would continue to receive management fees on the remaining assets of the Fund while it remains in existence. The Fund is not required to conduct additional tender offers following an Eligible Tender Offer and conversion to perpetual existence. Therefore, remaining common shareholders may not have another opportunity to participate in a tender offer.

*Liquidity Risk:* Liquidity risk is the risk that the Fund could not meet requests to redeem shares issued by the Fund without significant dilution of remaining investors' interests in the Fund. The Fund may invest in instruments that trade in lower volumes and are less liquid than other investments. Liquidity risk exists when particular investments made by the Fund are difficult to purchase or sell. Liquidity risk includes the risk that the Fund may make investments that may become less liquid in response to market developments or adverse investor perceptions. Investments that are illiquid or trade in lower volumes may be more difficult to value. If the Fund is forced to sell these investments for any reason, the Fund may lose money. In addition, when there is no willing buyer and investments may not reasonably be expected to be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment, the Fund may incur higher transaction costs when executing trade order of a given size. An inability to sell a portfolio position can adversely affect the Fund's value or prevent the Fund from being able to take advantage of other investment opportunities.

*Management Risk:* Actively managed funds are subject to management risk. The subadviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but the subadviser's judgments about the attractiveness, value or market trends affecting a particular security, industry or sector or about market movements may be incorrect. Additionally, the investments selected for the Fund may underperform the markets in general, the Fund's benchmark and other funds with similar investment objectives.

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*Market Disruption and Geopolitical Risks:* Market disruption can be caused by economic, financial or political events and factors, including but not limited to, international wars or conflicts (including Russia's military invasion of Ukraine and the Israel-Hamas war), geopolitical developments (including trading and tariff arrangements, sanctions and cybersecurity attacks), instability in regions such as the Middle East, South America, Eastern Europe, and Asia, terrorism, natural disasters and public health epidemics (including the outbreak of COVID-19 globally).

Recent policy decisions of the U.S. government and governments of foreign countries may increase geopolitical risks that could adversely affect the investment performance of the Fund. These policies have the potential to impact international relations, trade agreements and the overall regulatory environment in ways that could create uncertainty and instability in domestic and global markets. Actions taken by the U.S. government and governments of foreign countries in respect of international trade relations could lead to trade wars, increased costs for imported goods, disruptions in supply chains, reduced foreign investment, and instability in regions where the Fund invests.

The extent and duration of such events and resulting market disruptions cannot be predicted, but could be substantial and could magnify the impact of other risks to the Fund. These and other similar events could adversely affect the U.S. and foreign financial markets and lead to increased market volatility, reduced liquidity in the securities markets, significant negative impacts on issuers and the markets for certain securities and commodities and/or government intervention. They may also cause short- or long-term economic uncertainties in the United States and worldwide. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to the countries directly affected, the value and liquidity of the Fund's investments may be negatively impacted. Further, due to closures of certain markets and restrictions on trading certain securities, the value of certain securities held by the Fund could be significantly impacted, which could lead to such securities being valued at zero.

*Market Risk:* Securities markets may be volatile and the market prices of the Fund's securities may decline. Securities fluctuate in price based on changes in an issuer's financial condition and overall market and economic conditions. If the market prices of the securities owned by the Fund fall, the value of your investment in the Fund will decline.

*Risks of Investments in Bank Loans:* The Fund's ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise) will depend primarily on the financial condition of the borrower. The failure by the Fund's scheduled interest or principal payments on a loan because of a default, bankruptcy or any other reason would adversely affect the income of the Fund and would likely reduce the value of its assets. Even with loans secured by collateral, there is the risk that the value of the collateral may decline, may be insufficient to meet the obligations of the borrower, or be difficult to liquidate. In the event of a default, the Fund may have difficulty collecting on any collateral and would not have the ability to collect on any

PGIM Fixed Income Closed-End Funds 221

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**Notes to Financial Statements** (unaudited) (continued)

collateral for an uncollateralized loan. Further, the Fund's access to collateral, if any, may be limited by bankruptcy laws.

*Risk of Market Price Discount from Net Asset Value:* Shares of closed-end funds frequently trade at a discount from their net asset value. This characteristic is a risk separate and distinct from the risk that net asset value could decrease as a result of investment activities.

**10.** **Recent Accounting Pronouncement and Regulatory Developments** 

During the reporting period, the Funds adopted Accounting Standards Update 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures ("ASU 2023-09"). The amendments enhance income tax disclosures by requiring greater disclosure of income taxes paid by jurisdiction. The Funds did not pay a significant amount of foreign or U.S. federal, state or local income taxes and therefore did not include any additional disclosures in these financial statements.

**11.** **Subsequent Event** 

The Funds' management evaluated subsequent events through the date of issuance of the financial statements. There have been no subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in, the financial statements as of January 31, 2026 except as discussed below.

*Dividends to shareholders:* On February 27, 2026, Global High Yield and High Yield Bond declared monthly dividends of $0.105 per share and Short Duration High Yield Opportunities declared monthly dividends of $0.108 per share payable on March 31, 2026, April 30, 2026 and May 29, 2026, respectively, to shareholders of record on March 12, 2026, April 9, 2026 and May 14, 2026, respectively. The ex-dates are March 12, 2026, April 9, 2026 and May 14, 2026, respectively.

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**Other Information** 

**PGIM GLOBAL HIGH YIELD FUND, INC.** 

**PGIM HIGH YIELD BOND FUND, INC.** 

**PGIM SHORT DURATION HIGH YIELD OPPORTUNITIES FUND** 

***Dividend Reinvestment Plan***

Unless a common shareholder of SDHY, or a holder of common stock of ISD or GHY (collectively referred to herein as "common shareholders") elects to receive cash by contacting Computershare Trust Company, N.A, (the "Plan Administrator"), all dividends declared on common shares of SDHY and common stock of ISD and GHY (collectively referred to herein as "Common Shares") will be automatically reinvested by the Plan Administrator pursuant to the Funds' Automatic Dividend Reinvestment Plan (the "Plan"), in additional Common Shares. The common shareholders who elect not to participate in the Plan will receive all dividends and other distributions (together, a "Dividend") in cash paid by check mailed directly to the shareholder of record (or, if the Common Shares are held in street or other nominee name, then to such nominee) by the Plan Administrator as dividend disbursing agent. Participation in the Plan is completely voluntary and may be terminated or resumed at any time without penalty by notice if received and processed by the Plan Administrator prior to the Dividend record date. Otherwise such termination or resumption will be effective with respect to any subsequently declared Dividend. Such notice will be effective with respect to a particular Dividend. Some brokers may automatically elect to receive cash on behalf of the common shareholders and may reinvest that cash in additional Common Shares.

The Plan Administrator will open an account for each common shareholder under the Plan in the same name in which such common shareholder's Common Shares are registered. Whenever the Funds declare a Dividend payable in cash, non-participants in the Plan will receive cash and participants in the Plan will receive the equivalent in Common Shares. The Common Shares will be acquired by the Plan Administrator for the participants' accounts, depending upon the circumstances described below, either (i) through receipt of additional unissued but authorized Common Shares from the Fund ("Newly Issued Common Shares") or (ii) by purchase of outstanding Common Shares on the open market ("Open-Market Purchases") on the New York Stock Exchange or elsewhere. If, on the payment date for any Dividend, the closing market price per Common Share plus per share fees (as defined below) is equal to or greater than the NAV per Common Share (such condition being referred to as "market premium"), the Plan Administrator will invest the Dividend amount in Newly Issued Common Shares on behalf of the participants. The number of shares of Newly Issued Common Shares to be credited to each participant's account will be determined by dividing the dollar amount of the Dividend by the NAV per Common Share on the payment date, provided that, if the NAV per Common Share is less than or equal to 95% of the closing market price per Common Share on the payment date,

PGIM Fixed Income Closed-End Funds 223

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**Other Information** (continued)

the dollar amount of the Dividend will be divided by 95% of the closing market price per Common Share on the payment date. If, on the payment date for any Dividend, the NAV per Common Share is greater than the closing market value per Common Share plus per share fees (such condition being referred to as "market discount"), the Plan Administrator will invest the Dividend amount in Common Shares acquired on behalf of the participants in Open-Market Purchases. "Per share fees" include any applicable brokerage commissions the Plan Administrator is required to pay.

In the event of a market discount on the payment date for any Dividend, the Plan Administrator will have until the last business day before the next date on which the Common Shares trades on an "ex-dividend" basis or 30 days after the payment date for such Dividend, whichever is sooner (the "Last Purchase Date"), to invest the Dividend amount in Common Shares acquired in Open-Market Purchases on behalf of participants. If, before the Plan Administrator has completed its Open-Market Purchases, the market price per Common Share exceeds the NAV per Common Share, the average per share purchase price paid by the Plan Administrator for Common Shares may exceed the NAV per Common Share, resulting in the acquisition of fewer Common Shares than if the Dividend had been paid in shares of Newly Issued Common Shares on the Dividend payment date. Because of the foregoing difficulty with respect to Open- Market Purchases, the Plan provides that if the Plan Administrator is unable to invest the full Dividend amount in Open-Market Purchases during the purchase period or if the market discount shifts to a market premium during the purchase period, the Plan Administrator may cease making Open-Market Purchases and may invest the uninvested portion of the Dividend amount in Newly Issued Common Shares at the NAV per Common Share at the close of business on the Last Purchase Date, provided that, if the NAV is less than or equal to 95% of the then current market price per Common Share, the dollar amount of the Dividend will be divided by 95% of the market price on the payment date for purposes of determining the number of shares issuable under the Plan.

The Plan Administrator maintains all shareholder accounts in the Plan and furnishes written confirmation of all transactions in the accounts, including information needed by shareholders for tax records. Common Shares in the account of each Plan participant will be held by the Plan Administrator on behalf of the Plan participant, and each shareholder proxy will include those shares purchased or received pursuant to the Plan. The Plan Administrator will forward all proxy solicitation materials to participants and vote proxies for shares held under the Plan in accordance with the instructions of the participants.

In the case of the common shareholders such as banks, brokers or nominees that hold Common Shares for others who are the beneficial owners, the Plan Administrator will administer the Plan on the basis of the number of Common Shares certified from time to time by the record shareholder's name and held for the account of beneficial owners who participate in the Plan.

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

The Plan Administrator's service fee, if any, and expenses for administering the plan will be paid for by the Funds. If a participant elects by written, Internet or telephonic notice to the Plan Administrator to have the Plan Administrator sell part or all of the shares held by the Plan Administrator in the participant's account and remit the proceeds to the participant, the Plan Administrator is authorized to deduct a $15.00 transaction fee plus a $0.12 per share fee. If a participant elects to sell his or her Common Shares, the Plan Administrator will process all sale instructions received no later than five business days after the date on which the order is received by the Plan Administrator, assuming the relevant markets are open and sufficient market liquidity exists (and except where deferral is required under applicable federal or state laws or regulations). Such sale will be made through the Plan Administrator's broker on the relevant market and the sale price will not be determined until such time as the broker completes the sale. In every case the price to the participant shall be the weighted average sale price obtained by the Plan Administrator's broker net of fees for each aggregate order placed by the participant and executed by the broker. To maximize cost savings, the Plan Administrator will seek to sell shares in round lot transactions. For this purpose the Plan Administrator may combine a participant's shares with those of other selling participants.

There will be no brokerage charges with respect to Common Shares issued directly by the Funds. However, each participant will be charged a per share fee (currently $0.05 per share) on all Open-Market Purchases. The automatic reinvestment of Dividends will not relieve participants of any federal, state or local income tax that may be payable (or required to be withheld) on such Dividends. Participants that request a sale of Common Shares through the Plan Administrator are subject to the fees described in the preceding paragraph.

Each participant may terminate the participant's account under the Plan by so notifying the Plan Administrator via the Plan Administrator's website at www.computershare.com/ investor, by filling out the transaction request form located at the bottom of the participant's Statement and sending it to the Plan Administrator or by calling the Plan Administrator. Such termination will be effective immediately if the participant's notice is received by the Plan Administrator prior to any Dividend record date. Upon any withdrawal or termination, the Plan Administrator will cause to be delivered to each terminating participant a statement of holdings for the appropriate number of the Fund's whole book-entry Common Shares and a check for the cash adjustment of any fractional share at the market value per Common Share as of the close of business on the date the termination is effective less any applicable fees. In the event a participant's notice of termination is on or after a record date (but before payment date) for an account whose Dividends are reinvested, the Plan Administrator, in its sole discretion, may either distribute such Dividends in cash or reinvest them in Common Shares on behalf of the terminating participant. In the event reinvestment is made, the Plan Administrator will process the termination as soon as practicable, but in no event later than five business days after the reinvestment is completed. The Plan may

PGIM Fixed Income Closed-End Funds 225

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**Other Information** (continued)

be terminated by the Funds upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any Dividend by the Fund.

The Funds reserve the right to amend or terminate the Plan. There is no direct service charge to participants with regard to purchases in the Plan; however, the Funds reserve the right to amend the Plan to include a service charge payable by the participants.

All correspondence or questions concerning the Plan should be directed to the Plan Administrator, Computershare Trust Company, N.A., P.O. Box 43006, Providence, RI 02940-3006, by calling (toll-free) (800) 451-6788, or through the Plan Administrator's website www.computershare.com/investor.

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**US Consumer Privacy Notice** 

Prudential values your business and your trust. We respect the privacy of your personal information and take our responsibility to protect it seriously. This privacy notice is provided on behalf of the Prudential companies listed at the end of this notice and applies to our current and former customers. **This notice describes how we treat the information we receive about you, including the ways in which we will disclose your personal information within Prudential and your right to opt out of such disclosing.**

**Protecting Your Personal Information** 

We maintain physical, electronic, and procedural safeguards to protect your personal information in accordance with applicable law. These measures include but are not limited to computer safeguards and secured files and buildings. The people authorized to access your personal information need it to do their jobs, and we require that they keep your information secure and confidential.

**Categories of Personal Information We Collect** 

We collect your personal information from you, such as when you fill out applications and other forms, when you visit or enter personal details on our websites, when you respond to our emails, and when you provide information over the telephone. We also collect personal information about you indirectly, such as through third parties, such as employers, credit bureaus, and other financial institutions. Collectively, this personal information includes, for example:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Personal Identifiers:** Name, address, email address, telephone number, other contact information, and Government ID

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Financial and Employment Information:** Employment and occupation, demographic, income, and financial information,
transaction history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Information related to Health:** Information related to health for insurance applications & products

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Consumer Reports & Third-Party Data:** Consumer reports from consumer reporting agencies,
participant information from organizations that purchase products or services from us for the benefit of their membersor employees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Biometric and Sensory Data:** Video and audio recordings, and biometric data

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Internet or Network Activity:** Information gathered from your internet or network activity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Internal Investigations:** Information gathered as part of internal investigations

We do not control the accuracy of information outside sources give us. If you want to make any changes to information we receive from others about you, you must contact those sources.

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**Using Your Personal Information** 

We may use the categories of personal information listed above for various business purposes, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Normal everyday business purposes, such as providing services to you, administrating your products, account, or policy,
running our business, and processing claims and other transactions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strategic planning and effectuating certain business relationships and partnerships

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Business research and analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Data analytics, modeling (such as predictive modeling), the deployment of automated tools, and in certain instances,
artificial intelligence in accordance with applicable law or other regulatory guidance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Marketing products and services of Prudential and other companies that may interest you

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Detecting and preventing identity theft, fraud, or misuse of your accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• As required by law or to comply with applicable laws

**Disclosing Your Personal Information** 

We may disclose the categories of personal information listed above, including information about your transactions and experiences, for the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We share information among Prudential companies and with non-Prudential companies
that provide services for our business needs, such as account/policy administration and marketing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Limited information may be shared with business partners and service providers to manage business partnerships.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We may disclose your information to another financial institution if you consent to transfer your account or policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We share information as permitted or required by law, including with law enforcement and regulators, in response to
subpoenas, and to prevent fraud.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For products obtained through an employer or organization-sponsored plan, we disclose information as allowed by the plan
agreement or our agreement with you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We may share consumer report information among Prudential companies, including information from credit reports and other
sources, but you can limit this sharing as described in this notice.

We do not share your personal information or phone number with non-Prudential companies for their marketing or text messaging purposes without your consent. We may tell you about a product or service other companies offer and, if you respond, that company will know we selected you to receive the information. Prudential companies may contact you via text messaging only with your prior express written consent.

**Note:** PGIM, Inc. and its affiliates do not sell or share Personal Information but may disclose it internally and to carefully vetted business partners and contractors, who are contractually obligated to protect your data. These third parties are thoroughly assessed to ensure they provide adequate data protection before any partnership is established.

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**Limiting Our Sharing – Opt Out/Privacy Choice** 

You may tell us not to share your personal information among Prudential companies for marketing purposes, and not to share consumer report information among Prudential companies, by "opting out" of such sharing. To limit our sharing for these purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Visit us online at: <u>https://www.prudential.com/links/privacy-center</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Call us at: 1-877-248-4019

Note that you are not able to limit our ability to disclose or share your personal information among Prudential companies and with other non-affiliated companies for servicing and administration purposes or where such disclosures are made as permitted by law.

**Questions?** 

If you have any questions or concerns about how we protect, use, and disclose your personal information or about this privacy notice, please call us. The toll-free number is 1-877-248-4019. We reserve the right to modify this notice at any time. This notice is also available anytime at <u>www.prudential.com</u>.

**Prudential companies include the following:** 

**Insurance Companies and Insurance Company Separate Accounts:** 

The Prudential Insurance Company of America; Pruco Life Insurance Company; Pruco Life Insurance Company of New Jersey; Prudential Legacy Insurance Company of New Jersey; Insurance company separate accounts that include the following names or are otherwise identified as maintained by an entity that includes the following names: Prudential or Pruco (except for insurance company separate accounts sponsored by Prudential Retirement Insurance and Annuity Company (PRIAC), which were transferred to Empower as part of the sale of PRIAC to Empower Annuity Insurance Company of America and are no longer affiliated with Prudential)

**Insurance Agencies:** 

Prudential Insurance Agency, LLC;

**Broker-Dealers and Registered Investment Advisers:** 

AST Investment Services, Inc. ; Prudential Annuities Distributors, Inc. ; Pruco Securities, LLC; PGIM, Inc. ; Prudential Investment Management Services LLC; PGIM Investments LLC; PGIM Private Placement Investors, L.P.; Prudential Select Strategies LLC; PGIM Quantitative Solutions LLC; Jennison Associates LLC; PGIM Custom Harvest LLC; ; PGIM DC Solutions, LLC ; PGIM Multi-Asset Solutions, LLC, PGIM Real Estate Advisors LLC; Deerpath Capital Management LP; Montana Capital Partners AG

**Bank and Trust Companies:** 

Prudential Trust Company

**Investment Companies and Other Investment Vehicles:** 

PGIM Funds; Prudential Insurance Funds; All funds that include the following names: Prudential, PCP, PGIM, PEP, PCEP, or PSLO

------

**Other Companies:** 

Prudential Workplace Solutions Group Services, LLC; Prudential Mutual Fund Services LLC; PGIM Real Estate Finance, LLC; High Peak Innovations, LLC

**Vermont Residents:** We will not disclose information about your creditworthiness among Prudential companies, other than as permitted by Vermont law, unless you authorize us to make those disclosures.

![LOGO](g101378snap1.jpg)

Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Privacy Ed 01/01/26

D6021

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;∎ | **MAIL** | **MAIL (OVERNIGHT)** | ∎ | **TELEPHONE** |
|  | Computershare | Computershare |  | (800) 451-6788 |
|  | P.O. Box 43078 | 150 Royall Street | ∎ | **WEBSITE** |
|  | Providence, RI | Suite 101 |  | pgim.com/closed-end-fund-documents |
|  | 02940-3078 | Canton, MA 02021 |  |  |

---

**PROXY VOTING** 

The Board of Directors or Trustees (as applicable) of each Fund has delegated to the Fund's subadviser(s) the responsibility for voting any proxies and maintaining proxy recordkeeping with respect to the Fund. A description of these proxy voting policies and procedures is available without charge, upon request, by calling (800) 225-1852 or by visiting the Securities and Exchange Commission's website at sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available on the Fund's website and on the Securities and Exchange Commission's website.

**DIRECTORS/TRUSTEES** 

Ellen S. Alberding (GHY and ISD)• Kevin J. Bannon • Scott E. Benjamin • Barry H. Evans • Keith F. Hartstein • Stuart S. Parker • Brian K. Reid • Grace C. Torres

**OFFICERS** 

Stuart S. Parker, *President* • Scott E. Benjamin, *Vice President* • Christian J. Kelly, *Chief Financial Officer* • Claudia DiGiacomo, *Chief Legal Officer* • Dino Capasso, *Chief Compliance Officer* • Russ Shupak, *Treasurer and Principal Accounting Officer* • Andrew R. French, *Secretary* • Melissa Gonzalez*, Assistant Secretary* • Patrick E. McGuinness, *Assistant Secretary* • Debra Rubano, *Assistant Secretary* • George Hoyt, *Assistant Secretary* • Devan Goolsby, *Assistant Secretary* • Lana Lomuti, *Assistant Treasurer* • Elyse M. McLaughlin, *Assistant Treasurer* • Deborah Conway, *Assistant Treasurer* • Robert W. McCormack, *Assistant Treasurer*

---

| | | |
|:---|:---|:---|
| **MANAGER** | PGIM Investments LLC | 655 Broad Street |
|  |  | Newark, NJ 07102 |
| **SUBADVISER(S)** | PGIM Fixed Income | 655 Broad Street |
|  |  | Newark, NJ 07102 |
|  | PGIM Limited (SDHY only) | Grand Buildings, 1-3 Strand |
|  |  | Trafalgar Square |
|  |  | London, WC2N 5HR |
|  |  | United Kingdom |
| **CUSTODIAN** | The Bank of New York | 240 Greenwich Street |
|  | Mellon | New York, NY 10286 |
| **TRANSFER AGENT** | Computershare Trust | P.O. Box 43078 |
|  | Company, N.A. | Providence, RI 02940-3078 |
| **INDEPENDENT REGISTERED** | PricewaterhouseCoopers | 300 Madison Avenue |
| **PUBLIC ACCOUNTING FIRM** | LLP | New York, NY 10017 |
| **FUND COUNSEL** | Willkie Farr & Gallagher LLP | 787 Seventh Avenue |
|  |  | New York, NY 10019 |

---

------

**SHAREHOLDER COMMUNICATIONS WITH DIRECTORS/TRUSTEES** 

Shareholders can communicate directly with the Board of Directors or Trustees (as applicable) by writing to the Chair of the Board, PGIM Global High Yield Fund, Inc., PGIM High Yield Bond Fund, Inc., and PGIM Short Duration High Yield Opportunities Fund, PGIM Investments, Attn: Board of Directors or Trustees (as applicable), 655 Broad Street, Newark, NJ 07102. Shareholders can communicate directly with an individual Director/Trustee by writing to that Director/Trustee at the same address. Communications are not screened before being delivered to the addressee.

**AVAILABILITY OF PORTFOLIO HOLDINGS** 

Each Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Each Fund's Form N-PORT filings are available on the Commission's website at sec.gov.

**CERTIFICATIONS** 

Each Fund's Chief Executive Officer has submitted to the New York Stock Exchange (NYSE) the required annual certifications and the Funds have also included the certifications of the Funds' Chief Executive Officer and Chief Financial Officer as required by Section 302 of the Sarbanes-Oxley Act, on the Funds' Form N-CSR filed with the Commission, for the period of this report.

**An investor should consider the investment objectives, risks, charges, and expenses of a Fund carefully before investing.** 

Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940 that the Fund may purchase, from time to time, its shares at market prices.

------

![LOGO](g101378g69m32.jpg)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Copy of each notice transmitted to stockholders in reliance on Rule 30e-3 under the Act (17 CFR 270.30e-3) that contains disclosures specified by paragraph (c)(3) of that rule – Not applicable.

Item 2 – Code of Ethics – Not required, as this is not an annual filing.

Item 3 – Audit Committee Financial Expert – Not required, as this is not an annual filing.

Item 4 – Principal Accountant Fees and Services – Not required, as this is not an annual filing.

Item 5 – Audit Committee of Listed Registrants – Not required, as this is not an annual filing.

Item 6 – Investments – The registrant's Schedule of Investments is included in the financial statements filed under Item 1 of this Form.

Item 7 – Financial Statements and Financial Highlights for Open-End Management Investment Companies – Not applicable.

Item 8 – Changes in and Disagreements with Accountants for Open-End Management Investment Companies – Not applicable.

Item 9 – Proxy Disclosures for Open-End Management Investment Companies – Not applicable.

Item 10 – Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies – Not applicable.

Item 11 – Statement Regarding Basis for Approval of Investment Advisory Contract – None

Item 12 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies – Not required, as this is not an annual filing.

Item 13 – Portfolio Managers of Closed-End Management Investment Companies – Not required, as this is not an annual filing.

Item 14 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers – None

---

| | |
|:---|:---|
| Item 15 – | Submission of Matters to a Vote of Security Holders – There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors.  |

---

Item 16 – Controls and Procedures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There has been no significant change in the registrant's internal control over financial reporting (as
defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))) that occurred

------

during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Item 17 | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies – Not applicable. |
| Item 18 | Recovery of Erroneously Awarded Compensation – Not applicable. |
| Item 19 | Exhibits |

---

---

| |
|:---|
|  (a)(1) Code of Ethics – Not required, as this is not an annual filing. |
|  (a)(2) Policy required by the listing standards adopted pursuant to Rule 10D-1 under the Securities Exchange Act of 1934 – Not applicable. |
|  (a)(3) [Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Attached hereto as Exhibit EX-99.CERT.](d101378dex99cert.htm) |
|  (a)(4) Any written solicitation to purchase securities under Rule 23c-1 under the Investment Company Act of 1940- Not applicable. |
|  (a)(5) Change in the registrant's independent public accountant – Not applicable. |
| (b) [Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – Attached hereto as Exhibit EX-99.906CERT.](d101378dex99906cert.htm) |

---

------

**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: | <u>PGIM Global High Yield Fund, Inc.</u> |
| By: | <u>/s/ Andrew R. French</u> |
|  | Andrew R. French |
|  | Secretary |
| Date: | March 17, 2026 |

---

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: | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |
| Date: | March 17, 2026 |
| By: | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer (Principal Financial Officer) |
| Date: | March 17, 2026 |

---

## Ex-99.Cert

Item 19

**PGIM Global High Yield Fund, Inc.**

Semi-Annual period ending 1/31/26

File No. 811-22724

**<u>CERTIFICATIONS</u>**

I, Stuart S. Parker, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the above-named Fund(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 17, 2026 |  |
|  | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |

---

------

Item 19

**PGIM Global High Yield Fund, Inc.**

Semi-Annual period ending 1/31/26

File No. 811-22724

**<u>CERTIFICATIONS</u>**

I, Christian J. Kelly, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of the above-named Fund(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 17, 2026 |  |
|  | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer (Principal Financial Officer) |

---

## Exhibit 99.906

Certification Pursuant to 18 U.S.C. Sections 1350

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

Name of Issuer: <u>PGIM Global High Yield Fund, Inc.</u>

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his or her knowledge, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Issuer.

---

| | |
|:---|:---|
| March 17, 2026 | <u>/s/ Stuart S. Parker</u> |
|  | Stuart S. Parker |
|  | President and Principal Executive Officer |
| March 17, 2026 | <u>/s/ Christian J. Kelly</u> |
|  | Christian J. Kelly |
|  | Chief Financial Officer (Principal Financial Officer) |

---

*This certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.*