PGIM High Yield Bond Fund, Inc. operates as a diversified closed-end management investment company. The firm intends to provide a portfolio that focuses the majority of its holdings on higher-rated high yield bonds, emphasizes bonds that are slated to mature within the next five years, and offers average portfolio duration of three years or less. It invests in high yield bonds, derivative securities, foreign securities, emerging markets securities and fixed income investments. The company was founded on November 14, 2011 and is headquartered in Newark, NJ.