NPORT-EX 2 PI66270GlobalHighYield.htm
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 132.2%          
Bank Loans 10.1%
Canada 0.3%
Xplornet Communications, Inc.,
Initial Term Loan, 1 Month LIBOR + 4.750% 		4.898 %(c) 06/10/27   2,070  $2,024,966
Germany 0.4%
Speedster Bidco GmbH,
Second Lien Term Loan, 6 Month EURIBOR + 6.250% (Cap N/A, Floor 0.000%) 		6.250(c) 03/31/28 EUR 2,075 2,283,733
Luxembourg 1.2%
Galileo Global Education Finance Sarl,
Term Loan^ 		—(p) 11/12/27   3,100 3,511,129
Intelsat Jackson Holdings SA,
Tranche B-5 Term Loan 		8.625 01/02/24   3,695 3,727,331
          7,238,460
Saint Lucia 0.3%
Digicel International Finance Ltd.,
First Lien Initial Term B Loan, 3 Month LIBOR + 3.250% 		3.800(c) 05/27/24   2,474 2,157,451
United Kingdom 1.5%
EG Finco Ltd.,
Second Lien Term Loan, 3 Month EURIBOR + 7.750%^ 		8.750(c) 04/20/26 EUR 2,916 3,090,563
Froneri Finco SARL,
Second Lien Facility (EUR) Loan, 1 Month EURIBOR + 5.750% (Cap N/A, Floor 0.000%) 		5.750(c) 01/31/28 EUR 2,100 2,447,294
Richmond UK Bidco Ltd.,
Facility B, 6 Month GBP LIBOR + 4.250% 		4.338(c) 03/03/24 GBP 120 139,564
Tilney Group Ltd.,
Facility B Loan, 3 Month GBP LIBOR + 5.000%^ 		5.061(c) 12/17/25 GBP 3,025 3,801,321
          9,478,742
United States 6.4%
Ascent Resources Utica Holdings LLC,
Second Lien Term Loan, 3 Month LIBOR + 9.000% 		10.000(c) 11/03/25   3,610 3,790,500
1
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
United States (cont’d.)
Asurion LLC,
Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% 		6.648 %(c) 08/04/25   2,635  $2,634,627
CEC Entertainment, Inc.,
Term B Loan, 6 Month LIBOR + 8.500% 		9.500(c) 08/31/26   858 549,240
Championx Holding, Inc.,
Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% 		8.250(c) 06/13/25   2,450 2,381,400
Chesapeake Energy Corp.,
Class A Loan, 3 Month LIBOR + 8.000% (Cap N/A, Floor 1.000%) 		8.000(c) 06/24/24(d)   3,875 2,848,125
Citgo Petroleum Corp.,
2019 Incremental Term B Loan, 6 Month LIBOR + 5.000% 		6.000(c) 03/27/24   786 732,664
Diamond BC BV,
Initial Euro Term Loan, 1 - 3 Month EURIBOR + 3.250% (Cap N/A, Floor 0.000%) 		3.250(c) 09/06/24 EUR 2,531 2,820,628
Greeneden U.S. Holdings II LLC,
Term Loan 		—(p) 10/08/27   575 567,633
Harbor Freight Tools USA, Inc.,
2020 Initial Term Loan, 1 Month LIBOR + 3.250% 		4.000(c) 10/19/27   600 590,250
Heritage Power LLC,
Term Loan B, 3 Month LIBOR + 6.000% 		7.000(c) 07/30/26   2,617 2,497,480
iHeartCommunications, Inc.,
Second Amendment Incremental Term Loan, 1 Month LIBOR + 4.000% 		4.750(c) 05/01/26   773 744,395
Informatica LLC,
Second Lien Initial Loan 		7.125 02/14/25   800 808,000
Mallinckrodt International Finance SA,          
2017 Term B Loan, 3 Month LIBOR + 2.750% 5.500(c) 09/24/24   815 749,184
2018 Incremental Term Loan, 3 Month LIBOR + 3.000% 5.750(c) 02/24/25   225 206,706
     
 
Milano Acquisition Corp.,
Term B Loan, 3 Month LIBOR + 4.000% 		4.750(c) 10/01/27   1,025 1,004,500
Navistar, Inc.,
Tranche B Term Loan, 1 Month LIBOR + 3.500% 		3.650(c) 11/06/24   2,793 2,762,549
Playtika Holding Corp.,
Term B Loan, 3 Month LIBOR + 6.000% 		7.000(c) 12/10/24   2,647 2,645,372
Sally Holdings LLC,
Term B-2 Loan^ 		4.500 07/05/24   1,421 1,414,448
2
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Bank Loans (Continued)
United States (cont’d.)
     
Stonegate Pub Co. Ltd.,
First Lien Initial Term B Loan, 6 Month GBP LIBOR + 8.500%^ 		8.982 %(c) 10/31/27 GBP 5,900  $6,496,933
TIBCO Software, Inc.,
Second Lien Term Loan, 1 Month LIBOR + 7.250% 		7.400(c) 03/03/28   1,800 1,746,000
Tiger Merger Sub Co.,
Non-FILO Term Loan, 1 Month LIBOR + 3.500% 		3.652(c) 06/30/25   925 923,073
Windstream Services LLC,
Initial Term Loan, 3 Month LIBOR + 6.250% 		7.250(c) 09/21/27   1,047 984,533
          39,898,240
     
 
Total Bank Loans
(cost $64,500,065) 		63,081,592
Convertible Bond 0.0%
Jamaica 
Digicel Group 0.5 Ltd.,
Sub. Notes, 144A
(cost $1,459) 		7.000 —(rr)   38 5,140
Corporate Bonds 105.5%
Argentina 0.2%
YPF SA,          
Sr. Unsec’d. Notes, 144A 6.950 07/21/27   1,752 930,358
Sr. Unsec’d. Notes, 144A 8.500 03/23/25   462 295,478
Sr. Unsec’d. Notes, 144A 8.500 07/28/25   300 178,434
          1,404,270
Bahrain 0.4%
Oil & Gas Holding Co. BSCC (The),          
Sr. Unsec’d. Notes (aa) 7.500 10/25/27   1,000 1,055,070
Sr. Unsec’d. Notes (aa) 8.375 11/07/28   780 857,111
Sr. Unsec’d. Notes, 144A (aa) 7.625 11/07/24   380 405,298
          2,317,479
3
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Belarus 0.1%
Development Bank of the Republic of Belarus JSC,
Sr. Unsec’d. Notes, 144A 		6.750 % 05/02/24   850  $810,272
Brazil 3.6%
Banco Votorantim SA,
Sr. Unsec’d. Notes, 144A, MTN (aa) 		4.500 09/24/24   1,120 1,156,885
Embraer Netherlands Finance BV,
Gtd. Notes, 144A (aa) 		6.950 01/17/28   2,055 2,067,134
MARB BondCo PLC,
Gtd. Notes (aa) 		6.875 01/19/25   2,000 2,070,449
NBM US Holdings, Inc.,
Gtd. Notes, 144A (aa) 		7.000 05/14/26   1,000 1,064,574
Petrobras Global Finance BV,          
Gtd. Notes 5.600 01/03/31   1,550 1,670,272
Gtd. Notes 5.999 01/27/28   2,000 2,240,736
Gtd. Notes 6.900 03/19/49   1,640 1,856,077
Gtd. Notes 7.375 01/17/27   2,890 3,483,658
Gtd. Notes 8.750 05/23/26   5,240 6,676,155
          22,285,940
Burkina Faso 0.1%
IAMGOLD Corp.,
Gtd. Notes, 144A (aa) 		5.750 10/15/28   850 850,296
Canada 3.6%
1011778 BC ULC/New Red Finance, Inc.,
Sec’d. Notes, 144A (aa) 		4.000 10/15/30   1,150 1,142,989
Bombardier, Inc.,          
Sr. Unsec’d. Notes, 144A (aa) 7.500 12/01/24   2,975 2,238,122
Sr. Unsec’d. Notes, 144A 7.500 03/15/25   275 199,399
Sr. Unsec’d. Notes, 144A (aa) 7.875 04/15/27   2,250 1,638,630
Sr. Unsec’d. Notes, 144A 8.750 12/01/21   5,825 5,803,250
     
 
Brookfield Residential Properties, Inc./Brookfield Residential US Corp.,
Gtd. Notes, 144A (aa) 		4.875 02/15/30   1,275 1,211,618
Mattamy Group Corp.,          
Sr. Unsec’d. Notes, 144A (aa) 4.625 03/01/30   825 842,779
Sr. Unsec’d. Notes, 144A (aa) 5.250 12/15/27   1,275 1,348,312
4
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Canada (cont’d.)
MEG Energy Corp.,          
Gtd. Notes, 144A 7.000 % 03/31/24   550  $524,348
Gtd. Notes, 144A (aa) 7.125 02/01/27   1,027 924,629
New Gold, Inc.,          
Gtd. Notes, 144A (aa) 6.375 05/15/25   1,490 1,543,048
Sr. Unsec’d. Notes, 144A (aa) 7.500 07/15/27   1,010 1,091,053
     
 
NOVA Chemicals Corp.,
Sr. Unsec’d. Notes, 144A (aa) 		5.250 06/01/27   1,665 1,622,191
Precision Drilling Corp.,
Gtd. Notes, 144A (aa) 		7.125 01/15/26   3,475 2,236,622
          22,366,990
Chile 0.0%
VTR Finance NV,
Sr. Unsec’d. Notes, 144A 		6.375 07/15/28   205 219,105
China 0.4%
Sunac China Holdings Ltd.,          
Sr. Sec’d. Notes 7.250 06/14/22   365 367,659
Sr. Sec’d. Notes 7.875 02/15/22   1,000 1,016,488
Yuzhou Group Holdings Co. Ltd.,          
Sr. Sec’d. Notes 7.700 02/20/25   900 897,835
Sr. Sec’d. Notes 8.500 02/26/24   400 416,318
          2,698,300
Colombia 0.0%
Millicom International Cellular SA,
Sr. Unsec’d. Notes, 144A 		4.500 04/27/31   200 203,005
Costa Rica 0.0%
Autopistas del Sol SA,
Sr. Sec’d. Notes 		7.375 12/30/30   358 329,202
France 2.4%
Banijay Group SAS,
Sr. Unsec’d. Notes, 144A (aa) 		6.500 03/01/26 EUR 1,400 1,586,938
La Financiere Atalian SASU,          
Gtd. Notes (aa) 4.000 05/15/24 EUR 2,100 2,125,460
5
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
France (cont’d.)
La Financiere Atalian SASU, (cont’d.)          
Gtd. Notes (aa) 5.125 % 05/15/25 EUR 1,275  $1,294,482
Loxam SAS,          
Sr. Sub. Notes (aa) 4.500 04/15/27 EUR 1,630 1,576,615
Sr. Sub. Notes (aa) 5.750 07/15/27 EUR 1,550 1,582,930
Sr. Sub. Notes, 144A (aa) 4.500 04/15/27 EUR 2,400 2,321,396
     
 
Parts Europe SA,
Sr. Sec’d. Notes, 144A 		6.500 07/16/25 EUR 2,025 2,314,730
SPCM SA,
Sr. Unsec’d. Notes, 144A 		2.625 02/01/29 EUR 1,700 1,977,195
          14,779,746
Germany 2.1%
Cheplapharm Arzneimittel GmbH,
Sr. Sec’d. Notes, 144A 		5.500 01/15/28   275 278,432
Nidda BondCo GmbH,
Gtd. Notes (aa) 		5.000 09/30/25 EUR 2,068 2,342,262
Techem Verwaltungsgesellschaft 674 mbH,
Sr. Sec’d. Notes (aa) 		6.000 07/30/26 EUR 2,350 2,786,706
thyssenkrupp AG,          
Sr. Unsec’d. Notes (aa) 1.375 03/03/22 EUR 2,400 2,727,657
Sr. Unsec’d. Notes, EMTN (aa) 2.750 03/08/21 EUR 1,750 2,038,559
     
 
Vertical Holdco GmbH,
Sr. Unsec’d. Notes, 144A (aa) 		6.625 07/15/28 EUR 900 1,083,071
Vertical Midco GmbH,
Sr. Sec’d. Notes, 144A (aa) 		4.375 07/15/27 EUR 1,400 1,647,695
          12,904,382
Guatemala 0.2%
Comunicaciones Celulares SA Via Comcel Trust,
Sr. Unsec’d. Notes 		6.875 02/06/24   1,000 1,022,292
India 1.1%
ABJA Investment Co. Pte Ltd.,
Gtd. Notes (aa) 		5.950 07/31/24   651 678,325
Delhi International Airport Ltd.,
Sr. Sec’d. Notes, 144A (aa) 		6.450 06/04/29   905 912,606
6
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
India (cont’d.)
GMR Hyderabad International Airport Ltd.,
Sr. Sec’d. Notes (aa) 		4.250 % 10/27/27   1,460  $1,316,337
Greenko Dutch BV,
Sr. Sec’d. Notes (aa) 		5.250 07/24/24   1,000 1,026,342
Greenko Investment Co.,
Sr. Sec’d. Notes 		4.875 08/16/23   1,000 1,003,192
HPCL-Mittal Energy Ltd.,
Sr. Unsec’d. Notes (aa) 		5.250 04/28/27   2,000 2,032,765
          6,969,567
Indonesia 0.2%
Saka Energi Indonesia PT,
Sr. Unsec’d. Notes (aa) 		4.450 05/05/24   1,660 1,525,887
Israel 0.2%
Leviathan Bond Ltd.,
Sr. Sec’d. Notes, 144A (aa) 		6.750 06/30/30   1,110 1,143,508
Jamaica 1.4%
Digicel Group 0.5 Ltd.,          
Sr. Sec’d. Notes, Cash coupon 8.000% and PIK 2.000% or PIK 10.000% 10.000 04/01/24   1,033 783,063
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% or PIK 8.000% 8.000 04/01/25   231 78,347
Digicel International Finance Ltd./Digicel Holdings
Bermuda Ltd., 		         
Gtd. Notes, 144A 8.000 12/31/26   174 129,749
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% 13.000 12/31/25   721 671,338
Sr. Sec’d. Notes, 144A 8.750 05/25/24   3,300 3,300,323
Sr. Sec’d. Notes, 144A 8.750 05/25/24   436 435,997
     
 
Digicel Ltd.,
Gtd. Notes, 144A 		6.750 03/01/23   5,020 3,112,484
          8,511,301
Kuwait 0.2%
Kuwait Projects Co. SPC Ltd.,          
Gtd. Notes 4.229 10/29/26   925 920,874
7
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Kuwait (cont’d.)
Kuwait Projects Co. SPC Ltd., (cont’d.)          
Gtd. Notes, EMTN 4.500 % 02/23/27   200   $198,949
     
 
MEGlobal Canada ULC,
Gtd. Notes, 144A, MTN 		5.875 05/18/30   305 363,064
          1,482,887
Luxembourg 3.7%
Altice France Holding SA,
Gtd. Notes 		4.000 02/15/28 EUR 700 731,691
ARD Finance SA,
Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% 		5.000 06/30/27 EUR 7,400 8,338,312
Galapagos SA,
Sr. Sec’d. Notes, 3 Month EURIBOR + 4.750% 		4.227(c) 06/15/21(d) EUR 315 6,961
Intelsat Jackson Holdings SA,          
Gtd. Notes 5.500 08/01/23(d)   2,085 1,226,799
Gtd. Notes, 144A 9.750 07/15/25(d)   3,355 2,076,726
     
 
LHMC Finco 2 Sarl,
Sr. Sec’d. Notes, 144A, Cash coupon 7.250% or PIK 8.000% 		7.250 10/02/25 EUR 1,300 1,044,691
Monitchem HoldCo 2 SA,
Gtd. Notes, 144A 		9.500 09/15/26 EUR 3,000 3,584,305
Picard Bondco SA,
Gtd. Notes 		5.500 11/30/24 EUR 5,310 6,060,606
          23,070,091
Macau 0.4%
MGM China Holdings Ltd.,
Sr. Unsec’d. Notes, 144A 		5.250 06/18/25   325 326,206
Wynn Macau Ltd.,          
Sr. Unsec’d. Notes, 144A 5.125 12/15/29   1,200 1,112,207
Sr. Unsec’d. Notes, 144A 5.500 01/15/26   1,000 969,416
          2,407,829
Malaysia 0.1%
Gohl Capital Ltd.,
Gtd. Notes 		4.250 01/24/27   910 896,207
8
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Mexico 3.2%
Braskem Idesa SAPI,
Sr. Sec’d. Notes, 144A (aa) 		7.450 % 11/15/29   450  $425,586
Cemex SAB de CV,          
Sr. Sec’d. Notes 5.450 11/19/29   930 983,187
Sr. Sec’d. Notes, 144A 7.375 06/05/27   225 248,146
     
 
Mexico City Airport Trust,
Sr. Sec’d. Notes (aa) 		3.875 04/30/28   1,470 1,319,435
Nemak SAB de CV,
Sr. Unsec’d. Notes (aa) 		4.750 01/23/25   1,370 1,400,387
Petroleos Mexicanos,          
Gtd. Notes (aa) 5.350 02/12/28   2,500 2,144,699
Gtd. Notes (aa) 6.490 01/23/27   3,758 3,497,394
Gtd. Notes (aa) 6.500 03/13/27   3,670 3,410,745
Gtd. Notes (aa) 6.500 06/02/41   2,100 1,616,237
Gtd. Notes, EMTN (aa) 2.750 04/21/27 EUR 1,915 1,815,878
Gtd. Notes, MTN (aa) 6.875 08/04/26   3,200 3,076,998
          19,938,692
Netherlands 2.5%
Nouryon Holding BV,
Gtd. Notes (aa) 		6.500 10/01/26 EUR 4,650 5,511,413
OCI NV,
Sr. Sec’d. Notes (aa) 		3.125 11/01/24 EUR 2,400 2,753,233
Promontoria Holding 264 BV,
Sr. Sec’d. Notes (aa) 		6.750 08/15/23 EUR 3,400 3,209,046
United Group BV,          
Sr. Sec’d. Notes, 144A (aa) 3.125 02/15/26 EUR 850 925,605
Sr. Sec’d. Notes, 144A (aa) 3.625 02/15/28 EUR 2,900 3,156,876
          15,556,173
Nigeria 0.2%
IHS Netherlands Holdco BV,
Gtd. Notes, 144A (aa) 		7.125 03/18/25   1,500 1,521,665
Oman 0.1%
Oztel Holdings SPC Ltd.,
Sr. Sec’d. Notes 		6.625 04/24/28   500 490,895
9
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Panama 0.1%
AES Panama Generation Holdings SRL,
Sr. Sec’d. Notes, 144A 		4.375 % 05/31/30   385  $406,972
Peru 0.3%
Hudbay Minerals, Inc.,
Gtd. Notes, 144A (aa) 		6.125 04/01/29   600 615,571
Inkia Energy Ltd.,
Sr. Unsec’d. Notes 		5.875 11/09/27   1,000 1,040,371
          1,655,942
Puerto Rico 0.6%
Popular, Inc.,
Sr. Unsec’d. Notes 		6.125 09/14/23   3,475 3,714,601
Russia 0.6%
Alfa Bank AO Via Alfa Bond Issuance PLC,          
Sub. Notes (aa) 5.950(ff) 04/15/30   1,500 1,484,414
Sub. Notes, 144A (aa) 5.950(ff) 04/15/30   985 974,765
     
 
Gazprom PJSC Via Gaz Capital SA,
Sr. Unsec’d. Notes, EMTN 		8.625 04/28/34   740 1,104,703
          3,563,882
Saudi Arabia 0.2%
Arabian Centres Sukuk Ltd.,
Sr. Unsec’d. Notes, 144A 		5.375 11/26/24   1,635 1,527,845
South Africa 1.3%
Eskom Holdings SOC Ltd.,          
Gov’t. Gtd. Notes, MTN (aa) 6.350 08/10/28   970 1,001,591
Sr. Unsec’d. Notes (aa) 5.750 01/26/21   1,905 1,863,103
Sr. Unsec’d. Notes (aa) 7.125 02/11/25   950 889,812
Sr. Unsec’d. Notes, EMTN (aa) 6.750 08/06/23   1,320 1,251,245
Sr. Unsec’d. Notes, MTN (aa) 8.450 08/10/28   1,240 1,181,645
     
 
Sasol Financing USA LLC,
Gtd. Notes (aa) 		5.875 03/27/24   1,930 1,854,424
          8,041,820
10
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Spain 1.4%
Codere Finance 2 Luxembourg SA,          
Sr. Sec’d. Notes 6.750 % 11/01/21 EUR 2,930  $1,643,440
Sr. Sec’d. Notes, 144A 7.625 11/01/21   1,000 502,031
Sr. Sec’d. Notes, 144A 10.750 09/30/23 EUR 2,609 3,046,941
Foodco Bondco SL,          
Sr. Sec’d. Notes (aa) 6.250 05/15/26 EUR 2,075 1,986,094
Sr. Sec’d. Notes, 144A (aa) 6.250 05/15/26 EUR 1,500 1,435,730
          8,614,236
Switzerland 0.6%
Dufry One BV,
Gtd. Notes (aa) 		2.000 02/15/27 EUR 3,482 3,530,019
Thailand 0.3%
Bangkok Bank PCL,
Jr. Sub. Notes, 144A, MTN 		5.000(ff) —(rr)   2,000 2,000,812
Tunisia 0.4%
Banque Centrale de Tunisie International Bond,          
Sr. Unsec’d. Notes 5.625 02/17/24 EUR 1,355 1,354,503
Sr. Unsec’d. Notes 6.750 10/31/23 EUR 1,385 1,450,367
          2,804,870
Turkey 0.9%
Eldorado Gold Corp.,
Sec’d. Notes, 144A (aa) 		9.500 06/01/24   1,711 1,869,409
KOC Holding A/S,
Sr. Unsec’d. Notes, 144A (aa) 		6.500 03/11/25   2,000 2,015,969
Turkiye Is Bankasi A/S,
Sr. Unsec’d. Notes, EMTN (aa) 		5.375 10/06/21   625 623,626
Turkiye Sinai Kalkinma Bankasi A/S,
Sr. Unsec’d. Notes, 144A (aa) 		6.000 01/23/25   700 652,328
Ulker Biskuvi Sanayi A/S,
Sr. Unsec’d. Notes, 144A 		6.950 10/30/25   205 203,153
          5,364,485
11
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
Ukraine 0.2%
Metinvest BV,
Sr. Unsec’d. Notes, 144A 		7.650 % 10/01/27   200  $195,100
NAK Naftogaz Ukraine via Kondor Finance PLC,
Sr. Unsec’d. Notes 		7.125 07/19/24 EUR 815 908,020
          1,103,120
United Kingdom 5.1%
Bracken MidCo1 PLC,
Sr. Unsec’d. Notes, Cash coupon 8.875% or PIK 10.375% (aa) 		8.875 10/15/23 GBP 1,052 1,266,091
Co-operative Group Holdings 2011 Ltd.,
Gtd. Notes (aa) 		7.500 07/08/26 GBP 2,125 3,245,302
CPUK Finance Ltd.,
Sec’d. Notes 		4.875 02/28/47 GBP 1,100 1,298,305
eG Global Finance PLC,          
Sr. Sec’d. Notes, 144A (aa) 4.375 02/07/25 EUR 3,900 4,156,054
Sr. Sec’d. Notes, 144A (aa) 8.500 10/30/25   1,750 1,808,352
     
 
Hurricane Finance PLC,
Sr. Sec’d. Notes, 144A (aa) 		8.000 10/15/25 GBP 2,200 2,950,772
International Consolidated Airlines Group SA,
Sr. Unsec’d. Notes 		1.500 07/04/27 EUR 1,700 1,453,953
Jerrold Finco PLC,
Sr. Sec’d. Notes, 144A (aa) 		4.875 01/15/26 GBP 2,250 2,691,644
Motion Bondco DAC,          
Gtd. Notes, 144A (aa) 6.625 11/15/27   450 379,031
Sr. Sec’d. Notes (aa) 4.500 11/15/27 EUR 1,200 1,148,113
     
 
Motion Finco Sarl,
Sr. Sec’d. Notes, 144A 		7.000 05/15/25 EUR 1,300 1,476,881
Rolls-Royce PLC,
Gtd. Notes, 144A 		5.750 10/15/27 GBP 800 1,038,775
Virgin Media Secured Finance PLC,
Sr. Sec’d. Notes (aa) 		5.000 04/15/27 GBP 2,250 3,015,227
Voyage Care BondCo PLC,          
Sr. Sec’d. Notes (aa) 5.875 05/01/23 GBP 1,000 1,250,261
Sr. Sec’d. Notes, 144A (aa) 5.875 05/01/23 GBP 1,600 2,000,417
     
 
William Hill PLC,
Gtd. Notes, MTN (aa) 		4.750 05/01/26 GBP 1,700 2,444,608
          31,623,786
12
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States 66.3%
AdaptHealth LLC,
Gtd. Notes, 144A 		6.125 % 08/01/28   505  $526,850
Adient Global Holdings Ltd.,
Gtd. Notes 		3.500 08/15/24 EUR 2,500 2,716,087
Adient US LLC,
Sr. Sec’d. Notes, 144A 		9.000 04/15/25   250 274,873
Advantage Sales & Marketing, Inc.,
Sr. Sec’d. Notes, 144A 		6.500 11/15/28   825 806,382
AECOM,
Gtd. Notes (aa) 		5.875 10/15/24   1,475 1,624,400
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC,
Gtd. Notes, 144A (aa) 		3.500 03/15/29   1,425 1,382,312
Alliance Data Systems Corp.,
Gtd. Notes, 144A (aa) 		4.750 12/15/24   1,300 1,211,422
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 		         
Sr. Sec’d. Notes, 144A (aa) 6.625 07/15/26   1,740 1,821,491
Sr. Unsec’d. Notes, 144A (aa) 9.750 07/15/27   3,150 3,369,974
     
 
Allison Transmission, Inc.,
Sr. Unsec’d. Notes, 144A (aa) 		5.875 06/01/29   850 928,365
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,
Gtd. Notes (aa) 		7.875 12/15/24(d)   6,450 4,257
AMC Entertainment Holdings, Inc.,          
Sec’d. Notes, 144A, Cash coupon 10.000% / PIK 12.000% or Cash coupon 5.000% and PIK 6.000% 12.000 06/15/26   4,227 236,529
Sr. Sec’d. Notes, 144A 10.500 04/24/26   493 254,649
     
 
American Axle & Manufacturing, Inc.,
Gtd. Notes (aa) 		6.250 03/15/26   2,250 2,255,361
AmeriGas Partners LP/AmeriGas Finance Corp.,          
Sr. Unsec’d. Notes (aa) 5.500 05/20/25   725 776,509
Sr. Unsec’d. Notes (aa) 5.625 05/20/24   275 292,965
Sr. Unsec’d. Notes (aa) 5.750 05/20/27   2,225 2,452,216
Sr. Unsec’d. Notes (aa) 5.875 08/20/26   2,100 2,304,707
     
 
AMN Healthcare, Inc.,
Gtd. Notes, 144A 		4.000 04/15/29   375 375,469
Amsted Industries, Inc.,
Sr. Unsec’d. Notes, 144A (aa) 		4.625 05/15/30   675 697,614
13
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Antero Midstream Partners LP/Antero Midstream Finance Corp.,
Gtd. Notes, 144A (aa) 		5.750 % 01/15/28   2,750  $2,449,783
Antero Resources Corp.,          
Gtd. Notes (aa) 5.000 03/01/25   2,200 1,630,317
Gtd. Notes (aa) 5.375 11/01/21   700 700,781
Gtd. Notes (aa) 5.625 06/01/23   1,500 1,245,354
Ardagh Packaging Finance PLC/Ardagh Holdings
USA, Inc., 		         
Sr. Sec’d. Notes, 144A (aa) 4.125 08/15/26   575 588,591
Sr. Unsec’d. Notes, 144A (aa) 5.250 08/15/27   1,275 1,310,132
     
 
Ascent Resources Utica Holdings LLC/ARU Finance Corp.,
Gtd. Notes, 144A 		9.000 11/01/27   1,893 1,850,337
Ashton Woods USA LLC/Ashton Woods Finance Co.,
Sr. Unsec’d. Notes, 144A (aa) 		9.875 04/01/27   1,925 2,150,838
B&G Foods, Inc.,          
Gtd. Notes 5.250 04/01/25   500 514,577
Gtd. Notes 5.250 09/15/27   645 668,345
Banff Merger Sub, Inc.,          
Sr. Unsec’d. Notes 8.375 09/01/26 EUR 5,050 5,994,481
Sr. Unsec’d. Notes, 144A 9.750 09/01/26   500 525,472
Bausch Health Cos., Inc.,          
Gtd. Notes, 144A (aa) 5.000 01/30/28   1,200 1,185,127
Gtd. Notes, 144A (aa) 5.250 01/30/30   1,200 1,180,371
Gtd. Notes, 144A (aa) 6.125 04/15/25   3,075 3,155,216
Gtd. Notes, 144A (aa) 6.250 02/15/29   1,125 1,159,344
Gtd. Notes, 144A (aa) 7.000 01/15/28   1,000 1,060,420
Gtd. Notes, 144A (aa) 7.250 05/30/29   1,340 1,441,793
Beazer Homes USA, Inc.,          
Gtd. Notes (aa) 5.875 10/15/27   1,650 1,682,452
Gtd. Notes (aa) 7.250 10/15/29   1,725 1,856,425
Boeing Co. (The),          
Sr. Unsec’d. Notes (aa) 5.150 05/01/30   2,875 3,181,275
Sr. Unsec’d. Notes (aa) 5.805 05/01/50   3,725 4,368,211
     
 
Boxer Parent Co., Inc.,
Sr. Sec’d. Notes, 144A 		7.125 10/02/25   500 535,745
Boyd Gaming Corp.,
Gtd. Notes, 144A 		8.625 06/01/25   575 628,865
14
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Brightstar Escrow Corp.,
Sr. Sec’d. Notes, 144A 		9.750 % 10/15/25   575  $573,166
Brinker International, Inc.,          
Gtd. Notes, 144A (aa) 5.000 10/01/24   800 801,890
Sr. Unsec’d. Notes 3.875 05/15/23   750 730,091
     
 
Brink’s Co. (The),
Gtd. Notes, 144A (aa) 		5.500 07/15/25   685 711,918
BY Crown Parent LLC,
Gtd. Notes, 144A (aa) 		7.375 10/15/24   1,520 1,549,787
BY Crown Parent LLC/BY Bond Finance, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		4.250 01/31/26   985 999,042
Caesars Entertainment, Inc.,          
Sr. Sec’d. Notes, 144A (aa) 6.250 07/01/25   785 805,604
Sr. Unsec’d. Notes, 144A (aa) 8.125 07/01/27   825 861,630
     
 
Caesars Resort Collection LLC/CRC Finco, Inc.,
Gtd. Notes, 144A (aa) 		5.250 10/15/25   3,050 2,896,839
Calpine Corp.,          
Sr. Unsec’d. Notes, 144A (aa) 4.625 02/01/29   900 908,439
Sr. Unsec’d. Notes, 144A (aa) 5.000 02/01/31   1,375 1,404,424
Sr. Unsec’d. Notes, 144A (aa) 5.125 03/15/28   7,175 7,416,595
     
 
Catalent Pharma Solutions, Inc.,
Gtd. Notes, 144A (aa) 		2.375 03/01/28 EUR 2,300 2,557,839
CCM Merger, Inc.,
Sr. Unsec’d. Notes, 144A 		6.375 05/01/26   325 332,352
CCO Holdings LLC/CCO Holdings Capital Corp.,          
Sr. Unsec’d. Notes, 144A (aa) 4.250 02/01/31   2,425 2,479,633
Sr. Unsec’d. Notes, 144A 4.500 05/01/32   2,125 2,194,124
Sr. Unsec’d. Notes, 144A (aa) 4.750 03/01/30   5,375 5,650,667
Sr. Unsec’d. Notes, 144A (aa) 5.375 06/01/29   2,325 2,507,501
     
 
CEC Entertainment, Inc.,
Gtd. Notes (aa) 		8.000 02/15/22(d)   1,650 74,973
Central Garden & Pet Co.,
Gtd. Notes 		4.125 10/15/30   175 177,189
Century Communities, Inc.,
Gtd. Notes (aa) 		6.750 06/01/27   1,850 1,974,942
CenturyLink, Inc.,
Sr. Unsec’d. Notes, Series U (aa) 		7.650 03/15/42   1,725 1,900,565
Chemours Co. (The),          
Gtd. Notes (aa) 6.625 05/15/23   3,360 3,347,471
15
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Chemours Co. (The), (cont’d.)          
Gtd. Notes (aa) 7.000 % 05/15/25   1,685   $1,698,954
     
 
Cheniere Energy, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		4.625 10/15/28   3,900 4,042,088
CIT Group, Inc.,
Sr. Unsec’d. Notes 		5.000 08/01/23   450 484,777
Citgo Holding, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		9.250 08/01/24   2,125 1,806,625
CITGO Petroleum Corp.,
Sr. Sec’d. Notes, 144A (aa) 		7.000 06/15/25   1,325 1,228,017
Clear Channel International BV,
Sr. Sec’d. Notes, 144A 		6.625 08/01/25   400 407,638
Clear Channel Worldwide Holdings, Inc.,
Gtd. Notes (aa) 		9.250 02/15/24   6,213 5,408,791
Cleveland-Cliffs, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		9.875 10/17/25   485 554,567
CNX Resources Corp.,
Gtd. Notes, 144A (aa) 		7.250 03/14/27   1,550 1,635,318
CommScope, Inc.,
Gtd. Notes, 144A 		7.125 07/01/28   405 407,096
Consolidated Communications, Inc.,
Sr. Sec’d. Notes, 144A 		6.500 10/01/28   575 590,797
Constellium SE,
Gtd. Notes, 144A (aa) 		6.625 03/01/25   1,695 1,725,679
Cooper-Standard Automotive, Inc.,
Gtd. Notes, 144A (aa) 		5.625 11/15/26   1,195 800,650
Cornerstone Building Brands, Inc.,          
Gtd. Notes, 144A (aa) 6.125 01/15/29   1,100 1,124,828
Gtd. Notes, 144A (aa) 8.000 04/15/26   275 285,830
     
 
Cornerstone Chemical Co.,
Sr. Sec’d. Notes, 144A (aa) 		6.750 08/15/24   2,745 2,580,458
CSC Holdings LLC,          
Gtd. Notes, 144A (aa) 4.125 12/01/30   900 914,100
Sr. Unsec’d. Notes, 144A (aa) 3.375 02/15/31   1,204 1,159,087
Sr. Unsec’d. Notes, 144A (aa) 4.625 12/01/30   3,300 3,299,643
     
 
Dana Financing Luxembourg Sarl,
Gtd. Notes, 144A 		5.750 04/15/25   1,125 1,164,358
Dana, Inc.,
Sr. Unsec’d. Notes 		5.625 06/15/28   230 241,533
16
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
DaVita, Inc.,
Gtd. Notes, 144A (aa) 		4.625 % 06/01/30   1,225  $1,244,162
DCP Midstream Operating LP,
Gtd. Notes (aa) 		5.625 07/15/27   615 637,146
Diamond BC BV,
Sr. Unsec’d. Notes (aa) 		5.625 08/15/25 EUR 2,972 3,416,945
Diamond Sports Group LLC/Diamond Sports Finance
Co., 		         
Gtd. Notes, 144A (aa) 6.625 08/15/27   4,125 1,711,764
Sr. Sec’d. Notes, 144A (aa) 5.375 08/15/26   2,150 1,257,486
     
 
Diebold Nixdorf Dutch Holding BV,
Sr. Sec’d. Notes, 144A (aa) 		9.000 07/15/25 EUR 775 933,158
DISH DBS Corp.,          
Gtd. Notes (aa) 7.375 07/01/28   890 895,682
Gtd. Notes (aa) 7.750 07/01/26   2,805 2,974,539
     
 
Diversified Healthcare Trust,
Gtd. Notes (aa) 		9.750 06/15/25   1,100 1,209,131
Embarq Corp.,
Sr. Unsec’d. Notes (aa) 		7.995 06/01/36   4,910 5,744,700
Endeavor Energy Resources LP/EER Finance, Inc.,          
Sr. Unsec’d. Notes, 144A (aa) 5.500 01/30/26   2,325 2,361,587
Sr. Unsec’d. Notes, 144A 6.625 07/15/25   350 364,410
     
 
Energizer Gamma Acquisition BV,
Gtd. Notes (aa) 		4.625 07/15/26 EUR 3,500 4,175,787
Energy Transfer Operating LP,
Jr. Sub. Notes, Series G (aa) 		7.125(ff) —(rr)   1,275 1,041,579
Entercom Media Corp.,          
Gtd. Notes, 144A (aa) 7.250 11/01/24   355 299,526
Sec’d. Notes, 144A (aa) 6.500 05/01/27   1,060 923,156
EQM Midstream Partners LP,          
Sr. Unsec’d. Notes, 144A 6.000 07/01/25   390 399,750
Sr. Unsec’d. Notes, 144A (aa) 6.500 07/01/27   480 503,592
EQT Corp.,          
Sr. Unsec’d. Notes (aa) 3.900 10/01/27   900 864,125
Sr. Unsec’d. Notes 5.000 01/15/29   325 325,000
Sr. Unsec’d. Notes 8.750 02/01/30   175 217,385
     
 
Everi Payments, Inc.,
Gtd. Notes, 144A (aa) 		7.500 12/15/25   1,680 1,699,163
17
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Extraction Oil & Gas, Inc.,          
Gtd. Notes, 144A (aa) 5.625 % 02/01/26(d)   2,600  $629,976
Gtd. Notes, 144A (aa) 7.375 05/15/24(d)   1,595 391,249
Ferrellgas LP/Ferrellgas Finance Corp.,          
Gtd. Notes (original cost $815,313; purchased 09/29/17 - 09/30/19)(aa)(f) 6.750 06/15/23   925 836,816
Sr. Unsec’d. Notes (original cost $414,438; purchased 01/28/19)(aa)(f) 6.500 05/01/21   475 438,408
Ferrellgas Partners LP/Ferrellgas Partners Finance
Corp., 		         
Sr. Unsec’d. Notes (original cost $1,096,188; purchased 05/06/15 - 01/10/19)(f) 8.625 01/15/21   1,100 197,685
Sr. Unsec’d. Notes (original cost $3,598,375; purchased 01/30/17 - 03/21/19)(f) 8.625 01/15/21   3,975 715,500
     
 
Five Point Operating Co. LP/Five Point Capital Corp.,
Gtd. Notes, 144A (aa) 		7.875 11/15/25   2,225 2,222,416
Ford Motor Co.,          
Sr. Unsec’d. Notes (aa) 4.750 01/15/43   4,263 3,944,607
Sr. Unsec’d. Notes (aa) 5.291 12/08/46   3,950 3,760,694
Sr. Unsec’d. Notes (aa) 8.500 04/21/23   3,000 3,310,344
Sr. Unsec’d. Notes (aa) 9.000 04/22/25   2,250 2,647,174
     
 
Ford Motor Credit Co. LLC,
Sr. Unsec’d. Notes (aa) 		5.584 03/18/24   1,050 1,102,933
Forestar Group, Inc.,          
Gtd. Notes, 144A (aa) 5.000 03/01/28   800 793,594
Gtd. Notes, 144A (aa) 8.000 04/15/24   1,225 1,283,550
     
 
Freedom Mortgage Corp.,
Sr. Unsec’d. Notes, 144A 		7.625 05/01/26   850 844,906
Gartner, Inc.,
Gtd. Notes, 144A 		4.500 07/01/28   340 354,841
Global Partners LP/GLP Finance Corp.,
Gtd. Notes, 144A 		6.875 01/15/29   450 463,656
Golden Entertainment, Inc.,
Sr. Unsec’d. Notes, 144A (aa) 		7.625 04/15/26   2,150 2,156,540
Golden Nugget, Inc.,          
Gtd. Notes, 144A (aa) 8.750 10/01/25   1,575 1,292,562
Sr. Unsec’d. Notes, 144A (aa) 6.750 10/15/24   925 783,063
Gray Television, Inc.,          
Gtd. Notes, 144A 4.750 10/15/30   550 541,791
Gtd. Notes, 144A (aa) 5.875 07/15/26   318 330,945
18
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
 
Greystar Real Estate Partners LLC,
Sr. Sec’d. Notes, 144A (aa) 		5.750 % 12/01/25   2,250  $2,279,364
Griffon Corp.,
Gtd. Notes (aa) 		5.750 03/01/28   1,325 1,388,662
H&E Equipment Services, Inc.,
Gtd. Notes (aa) 		5.625 09/01/25   1,150 1,192,102
Hanesbrands, Inc.,
Gtd. Notes, 144A 		5.375 05/15/25   335 352,588
HB Fuller Co.,
Sr. Unsec’d. Notes 		4.250 10/15/28   475 483,180
HCA, Inc.,
Gtd. Notes (aa) 		5.625 09/01/28   1,850 2,151,620
Hecla Mining Co.,
Gtd. Notes (aa) 		7.250 02/15/28   480 516,005
Hexion, Inc.,
Gtd. Notes, 144A (aa) 		7.875 07/15/27   1,570 1,629,719
Hilcorp Energy I LP/Hilcorp Finance Co.,          
Sr. Unsec’d. Notes, 144A (aa) 5.750 10/01/25   1,625 1,497,556
Sr. Unsec’d. Notes, 144A (aa) 6.250 11/01/28   900 826,116
Hilton Domestic Operating Co., Inc.,          
Gtd. Notes (aa) 5.125 05/01/26   750 763,125
Gtd. Notes, 144A 5.375 05/01/25   350 363,624
Gtd. Notes, 144A 5.750 05/01/28   400 419,570
     
 
Howard Hughes Corp. (The),
Gtd. Notes, 144A (aa) 		5.375 03/15/25   575 576,654
Howmet Aerospace, Inc.,
Sr. Unsec’d. Notes (aa) 		6.875 05/01/25   575 639,244
Hunt Cos., Inc.,
Sr. Sec’d. Notes, 144A (aa) 		6.250 02/15/26   1,847 1,769,862
Ingevity Corp.,
Gtd. Notes, 144A 		3.875 11/01/28   500 507,958
International Game Technology PLC,          
Sr. Sec’d. Notes, 144A (aa) 5.250 01/15/29   600 597,543
Sr. Sec’d. Notes, 144A (aa) 6.250 01/15/27   1,500 1,593,611
     
 
Intrado Corp.,
Gtd. Notes, 144A (aa) 		8.500 10/15/25   4,480 4,032,167
Jacobs Entertainment, Inc.,
Sec’d. Notes, 144A (aa) 		7.875 02/01/24   3,025 2,965,287
JBS Investments II GmbH,
Gtd. Notes, 144A (aa) 		5.750 01/15/28   755 795,291
19
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.,
Gtd. Notes, 144A (aa) 		6.500 % 04/15/29   2,637  $2,963,105
JELD-WEN, Inc.,
Sr. Sec’d. Notes, 144A 		6.250 05/15/25   350 374,966
KB Home,          
Gtd. Notes (aa) 4.800 11/15/29   500 540,442
Gtd. Notes (aa) 6.875 06/15/27   1,000 1,181,823
     
 
L Brands, Inc.,
Gtd. Notes (aa) 		5.625 10/15/23   1,575 1,654,630
Levi Strauss & Co.,
Sr. Unsec’d. Notes 		5.000 05/01/25   125 128,145
LPL Holdings, Inc.,
Gtd. Notes, 144A (aa) 		5.750 09/15/25   1,200 1,242,588
M/I Homes, Inc.,
Gtd. Notes (aa) 		4.950 02/01/28   1,075 1,119,663
Marriott International, Inc.,
Sr. Unsec’d. Notes, Series EE 		5.750 05/01/25   325 362,082
Masonite International Corp.,          
Gtd. Notes, 144A 5.375 02/01/28   455 484,371
Gtd. Notes, 144A 5.750 09/15/26   125 130,788
     
 
Maxim Crane Works Holdings Capital LLC,
Sec’d. Notes, 144A (aa) 		10.125 08/01/24   2,425 2,449,184
MEDNAX, Inc.,
Gtd. Notes, 144A (aa) 		6.250 01/15/27   500 515,840
Meritage Homes Corp.,
Gtd. Notes (aa) 		5.125 06/06/27   1,350 1,496,528
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.,
Gtd. Notes, 144A 		4.625 06/15/25   290 295,273
MGM Resorts International,          
Gtd. Notes (aa) 4.750 10/15/28   975 952,838
Gtd. Notes (aa) 6.000 03/15/23   1,800 1,872,077
Gtd. Notes (aa) 6.750 05/01/25   1,475 1,549,308
     
 
Midcontinent Communications/Midcontinent Finance Corp.,
Gtd. Notes, 144A (aa) 		5.375 08/15/27   700 728,204
Minerals Technologies, Inc.,
Gtd. Notes, 144A 		5.000 07/01/28   450 463,745
20
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
MPT Operating Partnership LP/MPT Finance Corp.,
Gtd. Notes (aa) 		5.000 % 10/15/27   1,900  $1,987,847
Nabors Industries Ltd.,          
Gtd. Notes, 144A 7.250 01/15/26   575 234,644
Gtd. Notes, 144A 7.500 01/15/28   550 220,009
     
 
Nabors Industries, Inc.,
Gtd. Notes (aa) 		5.750 02/01/25   2,775 734,763
National CineMedia LLC,
Sr. Sec’d. Notes, 144A (aa) 		5.875 04/15/28   2,075 1,447,390
Nationstar Mortgage Holdings, Inc.,
Gtd. Notes, 144A (aa) 		5.500 08/15/28   615 613,370
Navistar International Corp.,
Sr. Sec’d. Notes, 144A 		9.500 05/01/25   450 498,447
NCL Corp. Ltd.,          
Sr. Sec’d. Notes, 144A 10.250 02/01/26   1,190 1,226,206
Sr. Sec’d. Notes, 144A 12.250 05/15/24   450 498,662
NCR Corp.,          
Gtd. Notes, 144A (aa) 5.000 10/01/28   650 646,757
Gtd. Notes, 144A 5.250 10/01/30   300 297,956
Gtd. Notes, 144A 8.125 04/15/25   400 439,775
New Home Co., Inc. (The),          
Gtd. Notes 7.250 04/01/22   3,050 3,108,255
Gtd. Notes, 144A 7.250 10/15/25   400 402,375
Nielsen Finance LLC/Nielsen Finance Co.,          
Gtd. Notes, 144A (aa) 5.625 10/01/28   625 646,632
Gtd. Notes, 144A 5.875 10/01/30   525 551,785
Novelis Corp.,          
Gtd. Notes, 144A (aa) 4.750 01/30/30   336 340,765
Gtd. Notes, 144A (aa) 5.875 09/30/26   1,355 1,398,193
     
 
NRG Energy, Inc.,
Gtd. Notes (aa) 		5.750 01/15/28   1,240 1,335,001
Occidental Petroleum Corp.,          
Sr. Unsec’d. Notes 2.700 08/15/22   412 380,574
Sr. Unsec’d. Notes (aa) 2.900 08/15/24   1,175 977,886
Sr. Unsec’d. Notes (aa) 3.125 02/15/22   1,286 1,224,145
Sr. Unsec’d. Notes 3.200 08/15/26   250 193,046
Sr. Unsec’d. Notes 3.500 06/15/25   100 80,351
Sr. Unsec’d. Notes (aa) 6.625 09/01/30   900 787,343
Sr. Unsec’d. Notes 6.950 07/01/24   175 168,789
     
 
21
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
     
Olin Corp.,
Sr. Unsec’d. Notes, 144A (aa) 		9.500 % 06/01/25   975  $1,153,434
OneMain Finance Corp.,          
Gtd. Notes (aa) 6.875 03/15/25   1,392 1,531,958
Gtd. Notes (aa) 7.125 03/15/26   3,050 3,380,378
     
 
Outfront Media Capital LLC/Outfront Media Capital Corp.,
Gtd. Notes, 144A (aa) 		6.250 06/15/25   690 705,587
Owens-Brockway Glass Container, Inc.,
Gtd. Notes, 144A (aa) 		6.625 05/13/27   1,775 1,904,476
P&L Development LLC/PLD Finance Corp.,
Sr. Sec’d. Notes, 144A 		7.750 11/15/25   450 458,189
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer, 		         
Sr. Sec’d. Notes, 144A (aa) 5.875 10/01/28   650 640,064
Sr. Sec’d. Notes, 144A (aa) 7.500 06/01/25   1,955 2,053,240
     
 
Patrick Industries, Inc.,
Gtd. Notes, 144A (aa) 		7.500 10/15/27   875 949,415
PBF Holding Co. LLC/PBF Finance Corp.,
Sr. Sec’d. Notes, 144A (aa) 		9.250 05/15/25   1,120 999,387
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance In,
Sr. Unsec’d. Notes, 144A 		8.500 11/15/27   1,000 1,040,741
Penn National Gaming, Inc.,
Sr. Unsec’d. Notes, 144A (aa) 		5.625 01/15/27   2,475 2,529,577
PennyMac Financial Services, Inc.,
Gtd. Notes, 144A 		5.375 10/15/25   975 999,482
Performance Food Group, Inc.,
Gtd. Notes, 144A 		5.500 10/15/27   150 153,865
PetSmart, Inc.,
Gtd. Notes, 144A (aa) 		7.125 03/15/23   1,825 1,801,284
PG&E Corp.,          
Sr. Sec’d. Notes 5.000 07/01/28   590 590,807
Sr. Sec’d. Notes (aa) 5.250 07/01/30   1,575 1,574,951
     
 
Pilgrim’s Pride Corp.,
Gtd. Notes, 144A (aa) 		5.875 09/30/27   4,300 4,543,816
PM General Purchaser LLC,
Sr. Sec’d. Notes, 144A (aa) 		9.500 10/01/28   650 679,081
Post Holdings, Inc.,          
Gtd. Notes, 144A (aa) 5.500 12/15/29   925 999,319
22
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Post Holdings, Inc., (cont’d.)          
Gtd. Notes, 144A (aa) 5.750 % 03/01/27   1,650   $1,728,674
     
 
PowerTeam Services LLC,
Sr. Sec’d. Notes, 144A 		9.033 12/04/25   225 238,842
Prime Healthcare Services, Inc.,
Sr. Sec’d. Notes, 144A 		7.250 11/01/25   625 629,365
Primo Water Corp.,
Gtd. Notes, 144A 		3.875 10/31/28 EUR 2,000 2,302,555
Quicken Loans LLC/Quicken Loans Co-Issuer, Inc.,
Gtd. Notes, 144A (aa) 		3.875 03/01/31   875 862,749
Radiate Holdco LLC/Radiate Finance, Inc.,          
Sr. Sec’d. Notes, 144A (aa) 4.500 09/15/26   1,000 1,005,074
Sr. Unsec’d. Notes, 144A (aa) 6.500 09/15/28   950 978,744
     
 
Rain CII Carbon LLC/CII Carbon Corp.,
Sec’d. Notes, 144A (aa) 		7.250 04/01/25   1,750 1,729,772
Range Resources Corp.,          
Gtd. Notes (aa) 4.875 05/15/25   750 697,116
Gtd. Notes (aa) 5.000 03/15/23   1,532 1,488,657
Gtd. Notes, 144A (aa) 9.250 02/01/26   350 371,085
     
 
Rattler Midstream LP,
Gtd. Notes, 144A 		5.625 07/15/25   405 418,493
Refinitiv US Holdings, Inc.,          
Gtd. Notes, 144A (aa) 8.250 11/15/26   4,956 5,383,992
Sr. Sec’d. Notes (aa) 4.500 05/15/26 EUR 1,500 1,829,370
Sr. Unsec’d. Notes (aa) 6.875 11/15/26 EUR 3,150 3,963,574
     
 
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,
Gtd. Notes, 144A (aa) 		9.750 12/01/26   3,875 4,174,587
Rite Aid Corp.,
Sr. Sec’d. Notes, 144A (aa) 		8.000 11/15/26   1,122 1,124,369
Royal Caribbean Cruises Ltd.,          
Gtd. Notes, 144A 9.125 06/15/23   140 145,777
Sr. Sec’d. Notes, 144A 10.875 06/01/23   245 267,241
     
 
Sabre GLBL, Inc.,
Sr. Sec’d. Notes, 144A 		7.375 09/01/25   260 264,843
Sally Holdings LLC/Sally Capital, Inc.,          
Gtd. Notes (aa) 5.500 11/01/23   225 224,911
Gtd. Notes (aa) 5.625 12/01/25   575 570,259
23
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Scientific Games International, Inc.,          
Gtd. Notes, 144A 7.250 % 11/15/29   325  $322,191
Gtd. Notes, 144A (aa) 8.250 03/15/26   1,475 1,494,250
Gtd. Notes, 144A (aa) 8.625 07/01/25   1,650 1,713,452
     
 
Scotts Miracle-Gro Co. (The),
Gtd. Notes (aa) 		4.500 10/15/29   1,350 1,436,597
Service Corp. International,
Sr. Unsec’d. Notes 		3.375 08/15/30   405 410,572
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.,
Gtd. Notes, 144A 		4.625 11/01/26   240 242,608
Sprint Capital Corp.,
Gtd. Notes (aa) 		8.750 03/15/32   1,560 2,334,469
SRM Escrow Issuer LLC,
Sr. Sec’d. Notes, 144A 		6.000 11/01/28   1,100 1,100,000
SSL Robotics LLC,
Sr. Sec’d. Notes, 144A (aa) 		9.750 12/31/23   1,275 1,418,510
Standard Industries, Inc.,          
Sr. Unsec’d. Notes, 144A (aa) 4.375 07/15/30   1,050 1,085,273
Sr. Unsec’d. Notes, 144A (aa) 4.750 01/15/28   1,350 1,410,360
Sr. Unsec’d. Notes, 144A 5.000 02/15/27   430 445,172
     
 
Suburban Propane Partners LP/Suburban Energy Finance Corp.,
Sr. Unsec’d. Notes (aa) 		5.750 03/01/25   1,700 1,731,469
Summit Materials LLC/Summit Materials Finance
Corp., 		         
Gtd. Notes, 144A 5.250 01/15/29   270 278,102
Gtd. Notes, 144A (aa) 6.500 03/15/27   1,375 1,441,952
     
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.,
Gtd. Notes, 144A (aa) 		5.500 01/15/28   3,575 3,286,025
Targa Resources Partners LP/Targa Resources
Partners Finance Corp., 		         
Gtd. Notes 5.000 01/15/28   200 197,573
Gtd. Notes (aa) 5.375 02/01/27   1,300 1,306,683
Gtd. Notes, 144A 4.875 02/01/31   250 244,226
Gtd. Notes, 144A 5.500 03/01/30   150 150,769
Taylor Morrison Communities, Inc.,          
Gtd. Notes, 144A (aa) 5.875 06/15/27   175 194,130
Gtd. Notes, 144A (aa) 6.625 07/15/27   2,475 2,666,378
24
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Taylor Morrison Communities, Inc., (cont’d.)          
Sr. Unsec’d. Notes, 144A (aa) 5.125 % 08/01/30   550  $596,749
Taylor Morrison Communities, Inc./Taylor Morrison
Holdings II, Inc., 		         
Gtd. Notes, 144A (aa) 5.625 03/01/24   1,803 1,912,451
Gtd. Notes, 144A (aa) 5.875 04/15/23   425 449,037
Tempo Acquisition LLC/Tempo Acquisition Finance
Corp., 		         
Sr. Sec’d. Notes, 144A 5.750 06/01/25   425 444,875
Sr. Unsec’d. Notes, 144A (aa) 6.750 06/01/25   700 710,518
Tenet Healthcare Corp.,          
Gtd. Notes, 144A (aa) 6.125 10/01/28   2,175 2,099,457
Sr. Sec’d. Notes 4.625 07/15/24   350 355,865
Sr. Sec’d. Notes, 144A 4.625 06/15/28   350 355,215
Sr. Unsec’d. Notes (aa) 6.750 06/15/23   4,400 4,639,796
Sr. Unsec’d. Notes (aa) 6.875 11/15/31   525 521,015
Sr. Unsec’d. Notes (aa) 7.000 08/01/25   550 563,753
     
 
Terrier Media Buyer, Inc.,
Gtd. Notes, 144A (aa) 		8.875 12/15/27   2,085 2,133,229
TopBuild Corp.,
Gtd. Notes, 144A (aa) 		5.625 05/01/26   1,100 1,133,225
TPC Group, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		10.500 08/01/24   1,475 1,253,997
Transocean, Inc.,          
Gtd. Notes, 144A 7.500 01/15/26   1,925 425,306
Gtd. Notes, 144A 8.000 02/01/27   975 268,823
     
 
TRI Pointe Group, Inc.,
Gtd. Notes 		5.700 06/15/28   370 409,908
Tronox Finance PLC,
Gtd. Notes, 144A (aa) 		5.750 10/01/25   230 229,661
Tronox, Inc.,          
Gtd. Notes, 144A (aa) 6.500 04/15/26   3,375 3,425,227
Sr. Sec’d. Notes, 144A (aa) 6.500 05/01/25   850 897,590
     
 
Twin River Worldwide Holdings, Inc.,
Gtd. Notes, 144A (aa) 		6.750 06/01/27   1,350 1,367,440
U.S. Concrete, Inc.,          
Gtd. Notes (aa) 6.375 06/01/24   1,600 1,653,672
Gtd. Notes, 144A 5.125 03/01/29   625 636,183
United Rentals North America, Inc.,          
Gtd. Notes (aa) 4.000 07/15/30   500 510,015
25
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
United Rentals North America, Inc., (cont’d.)          
Gtd. Notes (aa) 4.875 % 01/15/28   4,450  $4,673,009
Gtd. Notes (aa) 5.250 01/15/30   1,475 1,599,138
     
 
Univision Communications, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		6.625 06/01/27   1,675 1,691,537
Valvoline, Inc.,
Gtd. Notes, 144A (aa) 		4.250 02/15/30   550 561,506
Vector Group Ltd.,          
Gtd. Notes, 144A (aa) 10.500 11/01/26   625 643,784
Sr. Sec’d. Notes, 144A (aa) 6.125 02/01/25   2,075 2,071,090
Venator Finance Sarl/Venator Materials LLC,          
Gtd. Notes, 144A (aa) 5.750 07/15/25   1,604 1,385,964
Sr. Sec’d. Notes, 144A (aa) 9.500 07/01/25   750 793,965
     
 
ViaSat, Inc.,
Sr. Unsec’d. Notes, 144A 		6.500 07/15/28   505 520,839
VICI Properties LP/VICI Note Co., Inc.,          
Gtd. Notes, 144A (aa) 4.250 12/01/26   1,485 1,508,495
Gtd. Notes, 144A (aa) 4.625 12/01/29   1,205 1,252,415
Vistra Operations Co. LLC,          
Gtd. Notes, 144A (aa) 5.000 07/31/27   1,330 1,387,692
Gtd. Notes, 144A (aa) 5.625 02/15/27   2,000 2,090,993
WESCO Distribution, Inc.,          
Gtd. Notes, 144A (aa) 7.125 06/15/25   1,025 1,106,351
Gtd. Notes, 144A (aa) 7.250 06/15/28   535 585,510
     
 
White Cap Buyer LLC,
Sr. Unsec’d. Notes, 144A 		6.875 10/15/28   650 666,323
William Carter Co. (The),
Gtd. Notes, 144A (aa) 		5.500 05/15/25   525 551,382
Windstream Escrow LLC/Windstream Escrow Finance Corp.,
Sr. Sec’d. Notes, 144A (aa) 		7.750 08/15/28   1,075 1,038,988
Wolverine World Wide, Inc.,          
Gtd. Notes, 144A 5.000 09/01/26   300 303,047
Gtd. Notes, 144A (aa) 6.375 05/15/25   625 664,913
     
 
WPX Energy, Inc.,
Sr. Unsec’d. Notes (aa) 		5.250 10/15/27   2,425 2,432,028
Wyndham Destinations, Inc.,
Sr. Sec’d. Notes, 144A (aa) 		4.625 03/01/30   675 658,013
26
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Corporate Bonds (Continued)
United States (cont’d.)
Wynn Resorts Finance LLC/Wynn Resorts Capital
Corp., 		         
Gtd. Notes, 144A (aa) 5.125 % 10/01/29   610  $585,925
Sr. Unsec’d. Notes, 144A 7.750 04/15/25   275 289,404
     
 
XPO Logistics, Inc.,
Gtd. Notes, 144A (aa) 		6.750 08/15/24   2,550 2,697,074
Zayo Group Holdings, Inc.,
Sr. Sec’d. Notes, 144A 		4.000 03/01/27   500 490,705
          413,567,594
Vietnam 0.1%
Mong Duong Finance Holdings BV,
Sr. Sec’d. Notes, 144A (aa) 		5.125 05/07/29   530 540,940
Zambia 0.7%
First Quantum Minerals Ltd.,          
Gtd. Notes, 144A (aa) 6.875 03/01/26   1,188 1,179,091
Gtd. Notes, 144A 6.875 10/15/27   300 298,500
Gtd. Notes, 144A 7.250 04/01/23   500 502,500
Gtd. Notes, 144A (aa) 7.500 04/01/25   2,245 2,250,263
          4,230,354
     
 
Total Corporate Bonds
(cost $676,706,496) 		657,997,259
Sovereign Bonds 16.2%
Angola 0.7%
Angolan Government International Bond,          
Sr. Unsec’d. Notes 8.250 05/09/28   1,790 1,408,400
Sr. Unsec’d. Notes 9.375 05/08/48   490 374,687
Sr. Unsec’d. Notes 9.500 11/12/25   2,880 2,469,950
Sr. Unsec’d. Notes, EMTN 9.125 11/26/49   350 266,408
          4,519,445
27
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Argentina 2.0%
Argentine Republic Government International Bond,          
Sr. Unsec’d. Notes 0.125 %(cc) 07/09/30   15,126  $5,535,123
Sr. Unsec’d. Notes 0.125(cc) 07/09/35   1,864 608,706
Sr. Unsec’d. Notes 0.125(cc) 01/09/38   10,369 3,864,452
Sr. Unsec’d. Notes 1.000 07/09/29   1,237 508,688
Provincia de Buenos Aires,          
Sr. Unsec’d. Notes 9.125 03/16/24   1,910 622,040
Sr. Unsec’d. Notes 9.950 06/09/21   3,585 1,175,481
          12,314,490
Bahrain 0.5%
Bahrain Government International Bond,          
Sr. Unsec’d. Notes (aa) 6.750 09/20/29   1,240 1,340,157
Sr. Unsec’d. Notes (aa) 7.500 09/20/47   1,471 1,550,764
          2,890,921
Costa Rica 0.4%
Costa Rica Government International Bond,
Sr. Unsec’d. Notes 		7.158 03/12/45   3,000 2,369,558
Dominican Republic 1.1%
Dominican Republic International Bond,          
Sr. Unsec’d. Notes 5.500 01/27/25   1,225 1,311,670
Sr. Unsec’d. Notes 6.850 01/27/45   1,840 1,974,784
Sr. Unsec’d. Notes 7.450 04/30/44   2,300 2,629,618
Sr. Unsec’d. Notes, 144A 5.875 01/30/60   855 820,008
          6,736,080
Ecuador 0.5%
Ecuador Government International Bond,          
Sr. Unsec’d. Notes, 144A 0.500(cc) 07/31/30   1,416 941,383
Sr. Unsec’d. Notes, 144A 0.500(cc) 07/31/35   2,759 1,524,231
Sr. Unsec’d. Notes, 144A 0.500(cc) 07/31/40   901 448,572
Sr. Unsec’d. Notes, 144A 5.583(s) 07/31/30   414 188,099
          3,102,285
28
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Egypt 1.2%
Egypt Government International Bond,          
Sr. Unsec’d. Notes, 144A 4.550 % 11/20/23   1,185  $1,189,330
Sr. Unsec’d. Notes, 144A, MTN 4.750 04/11/25 EUR 900 1,033,388
Sr. Unsec’d. Notes, 144A, MTN 6.375 04/11/31 EUR 1,845 2,055,668
Sr. Unsec’d. Notes, EMTN 4.750 04/11/25 EUR 590 677,444
Sr. Unsec’d. Notes, EMTN 4.750 04/16/26 EUR 850 955,528
Sr. Unsec’d. Notes, EMTN 5.625 04/16/30 EUR 1,480 1,598,715
          7,510,073
El Salvador 0.4%
El Salvador Government International Bond,          
Sr. Unsec’d. Notes 7.750 01/24/23   1,530 1,393,159
Sr. Unsec’d. Notes 8.250 04/10/32   1,000 834,947
          2,228,106
Gabon 0.3%
Gabon Government International Bond,          
Bonds 6.375 12/12/24   1,410 1,346,566
Sr. Unsec’d. Notes, 144A 6.625 02/06/31   650 582,806
          1,929,372
Ghana 0.9%
Ghana Government International Bond,          
Sr. Unsec’d. Notes 7.625 05/16/29   1,310 1,214,726
Sr. Unsec’d. Notes 7.875 03/26/27   630 611,614
Sr. Unsec’d. Notes 8.125 01/18/26   2,550 2,571,293
Sr. Unsec’d. Notes, 144A 6.375 02/11/27   1,060 985,835
Sr. Unsec’d. Notes, 144A 7.875 02/11/35   325 288,391
          5,671,859
Iraq 0.6%
Iraq International Bond,          
Sr. Unsec’d. Notes 5.800 01/15/28   492 423,584
Sr. Unsec’d. Notes 6.752 03/09/23   3,745 3,483,086
          3,906,670
29
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Ivory Coast 0.7%
Ivory Coast Government International Bond,          
Sr. Unsec’d. Notes 5.125 % 06/15/25 EUR 1,520  $1,841,398
Sr. Unsec’d. Notes 6.625 03/22/48 EUR 1,480 1,623,302
Sr. Unsec’d. Notes 6.875 10/17/40 EUR 945 1,076,742
          4,541,442
Kenya 0.3%
Kenya Government International Bond,          
Sr. Unsec’d. Notes 6.875 06/24/24   950 1,005,769
Sr. Unsec’d. Notes 8.000 05/22/32   900 945,162
          1,950,931
Lebanon 0.1%
Lebanon Government International Bond,          
Sr. Unsec’d. Notes, EMTN 6.100 10/04/22(d)   2,000 295,971
Sr. Unsec’d. Notes, GMTN 6.250 05/27/22(d)   2,550 380,685
          676,656
Mongolia 0.0%
Mongolia Government International Bond,
Sr. Unsec’d. Notes, EMTN 		8.750 03/09/24   270 308,104
Mozambique 0.2%
Mozambique International Bond,
Unsec’d. Notes 		5.000(cc) 09/15/31   1,625 1,339,475
Nigeria 0.7%
Nigeria Government International Bond,          
Sr. Unsec’d. Notes 7.625 11/21/25   575 603,796
Sr. Unsec’d. Notes 7.696 02/23/38   1,010 929,968
Sr. Unsec’d. Notes 7.875 02/16/32   1,720 1,667,174
Sr. Unsec’d. Notes 8.747 01/21/31   910 943,791
          4,144,729
30
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Oman 0.2%
Oman Government International Bond,          
Sr. Unsec’d. Notes 6.500 % 03/08/47   1,120  $904,586
Sr. Unsec’d. Notes 6.750 01/17/48   720 587,157
          1,491,743
Pakistan 0.6%
Pakistan Government International Bond,
Sr. Unsec’d. Notes 		8.250 04/15/24   1,840 1,917,311
Third Pakistan International Sukuk Co. Ltd. (The),          
Sr. Unsec’d. Notes 5.500 10/13/21   775 773,301
Sr. Unsec’d. Notes 5.625 12/05/22   870 866,855
          3,557,467
Senegal 0.2%
Senegal Government International Bond,
Sr. Unsec’d. Notes 		4.750 03/13/28 EUR 890 1,029,022
South Africa 0.3%
Republic of South Africa Government International
Bond, 		         
Sr. Unsec’d. Notes (aa) 5.875 09/16/25   1,000 1,091,615
Sr. Unsec’d. Notes (aa) 5.875 06/22/30   640 675,475
          1,767,090
Sri Lanka 0.4%
Sri Lanka Government International Bond,          
Sr. Unsec’d. Notes 5.875 07/25/22   3,300 2,065,368
Sr. Unsec’d. Notes 6.825 07/18/26   660 362,122
          2,427,490
Turkey 1.7%
Turkey Government International Bond,          
Sr. Unsec’d. Notes (aa) 4.875 10/09/26   3,000 2,708,400
Sr. Unsec’d. Notes (aa) 6.000 03/25/27   1,440 1,359,362
Sr. Unsec’d. Notes (aa) 6.875 03/17/36   2,945 2,703,660
31
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Sovereign Bonds (Continued)
Turkey (cont’d.)
Turkiye Ihracat Kredi Bankasi A/S,          
Sr. Unsec’d. Notes (aa) 4.250 % 09/18/22   2,300  $2,190,560
Sr. Unsec’d. Notes (aa) 6.125 05/03/24   1,750 1,671,879
          10,633,861
Ukraine 2.2%
Ukraine Government International Bond,          
Sr. Unsec’d. Notes 6.750 06/20/26 EUR 800 918,252
Sr. Unsec’d. Notes 7.375 09/25/32   310 297,494
Sr. Unsec’d. Notes 7.750 09/01/21   2,155 2,219,795
Sr. Unsec’d. Notes 7.750 09/01/22   1,310 1,365,736
Sr. Unsec’d. Notes 7.750 09/01/23   1,025 1,066,129
Sr. Unsec’d. Notes 7.750 09/01/25   2,350 2,405,212
Sr. Unsec’d. Notes 7.750 09/01/26   660 669,176
Sr. Unsec’d. Notes 7.750 09/01/27   890 898,401
Sr. Unsec’d. Notes 8.994 02/01/24   650 693,882
Sr. Unsec’d. Notes 9.750 11/01/28   2,925 3,189,794
          13,723,871
Zambia 0.0%
Zambia Government International Bond,
Sr. Unsec’d. Notes 		8.500 04/14/24   340 148,580
     
 
Total Sovereign Bonds
(cost $118,166,972) 		100,919,320
    
      Shares  
Common Stocks 0.4%
Colombia 0.0%
Frontera Energy Corp.       44,076 70,522
32
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Description     Shares Value
Common Stocks (Continued)
United States 0.4%
AMC Entertainment Holdings, Inc. (Class A Stock)       19,875  $46,905
GenOn Energy Holdings, Inc. (Class A Stock)*^       14,397 2,447,490
          2,494,395
     
 
Total Common Stocks
(cost $982,255) 		2,564,917
     
 
 
Total Long-Term Investments
(cost $860,357,247) 		824,568,228
 
Short-Term Investment 1.8%
Affiliated Mutual Fund 
PGIM Core Ultra Short Bond Fund
(cost $11,533,950)(w) 		    11,533,950 11,533,950
 
TOTAL INVESTMENTS 134.0%
(cost $871,891,197) 		836,102,178
Liabilities in excess of other assets(z) (34.0)% (212,322,868)
 
Net Assets 100.0% $623,779,310
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  EUR—Euro
  GBP—British Pound
    
  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.
  CDX—Credit Derivative Index
  EMTN—Euro Medium Term Note
  EURIBOR—Euro Interbank Offered Rate
  GMTN—Global Medium Term Note
  LIBOR—London Interbank Offered Rate
  LP—Limited Partnership
  MTN—Medium Term Note
  OTC—Over-the-counter
  PIK—Payment-in-Kind
  PJSC—Public Joint-Stock Company
  Q—Quarterly payment frequency for swaps
    
* 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 $20,761,884 and 3.33% of net assets.
33
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
(aa) Represents security, or a portion thereof, with aggregate value of $506,644,630 segregated as collateral for amount of $234,000,000 borrowed and outstanding as of October 31, 2020.
(c) Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2020.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of October 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(f) Indicates a restricted security; the aggregate original cost of such securities is $5,924,314. The aggregate value of $2,188,409 is 0.4% of net assets.
(ff) Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.
(p) Interest rate not available as of October 31, 2020.
(rr) Perpetual security with no stated maturity date.
(s) Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date.
(w) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Forward foreign currency exchange contracts outstanding at October 31, 2020:
Purchase
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 11/03/20   Citibank, N.A.   GBP 24,549    $32,040,948    $31,803,667    $—    $(237,281)
Euro,
Expiring 11/03/20   Citibank, N.A.   EUR 1,600   1,886,171   1,863,605   —   (22,566)
Expiring 11/03/20   JPMorgan Chase Bank, N.A.   EUR 125,498   148,468,303   146,173,933   —   (2,294,370)
Expiring 11/03/20   JPMorgan Chase Bank, N.A.   EUR 1,548   1,816,690   1,803,325   —   (13,365)
              $184,212,112   $181,644,530   —   (2,567,582)
    
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts:
British Pound,
Expiring 11/03/20   Citibank, N.A.   GBP 24,065    $30,713,598    $31,176,780    $—    $(463,182)
Expiring 11/03/20   Citibank, N.A.   GBP 484   628,243   626,887   1,356   —
Expiring 12/02/20   Citibank, N.A.   GBP 24,549   32,045,759   31,809,453   236,306   —
Euro,
Expiring 11/03/20   JPMorgan Chase Bank, N.A.   EUR 127,579   148,545,269   148,597,684   —   (52,415)
34
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
Forward foreign currency exchange contracts outstanding at October 31, 2020 (continued):
Sale
Contracts 		  Counterparty   Notional
Amount
(000) 		  Value at
Settlement
Date 		  Current
Value 		  Unrealized
Appreciation 		  Unrealized
Depreciation
OTC Forward Foreign Currency Exchange Contracts (cont’d.):
Euro (cont’d.),
Expiring 11/03/20   JPMorgan Chase Bank, N.A.   EUR 1,067    $1,262,517    $1,243,179    $19,338    $—
Expiring 12/02/20   Citibank, N.A.   EUR 677   789,242   789,157   85   —
Expiring 12/02/20   JPMorgan Chase Bank, N.A.   EUR 125,498   148,561,172   146,266,521   2,294,651   —
              $362,545,800   $360,509,661   2,551,736   (515,597)
                      $2,551,736   $(3,083,179)
Credit default swap agreement outstanding at October 31, 2020:
Reference
Entity/
Obligation 		Termination
Date 		  Fixed
Rate 		  Notional
Amount
(000)#(3) 		  Value at
Trade Date 		  Value at
October 31,
2020 		  Unrealized
Appreciation
(Depreciation)
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1):
CDX.NA.HY.35.V1 12/20/25   5.000%(Q)     79,745   $(3,234,283)   $(3,229,774)   $4,509
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.
35
PGIM Global High Yield Fund, Inc.
Schedule of Investments (unaudited) (continued)
as of October 31, 2020
(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.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
36