Prudential Short Duration High Yield Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

 

 

 

Investment Company Act file number:

    811-22632

Exact name of registrant as specified in charter:

    Prudential Short Duration High Yield Fund, Inc.

Address of principal executive offices:

    655 Broad Street, 17th Floor,
   Newark, New Jersey 07102

Name and address of agent for service:

    Deborah A. Docs
   655 Broad Street, 17th Floor,
   Newark, New Jersey 07102

Registrant’s telephone number, including area code:

    973-367-7521

Date of fiscal year end:

    5/31/2016

Date of reporting period:

    2/29/2016

 

 

 

Item 1. Schedule of Investments

Prudential Short Duration High Yield Fund, Inc.

Schedule of Investments

as of February 29, 2016 (Unaudited)

 

     Interest
Rate		      Maturity Date      Principal
Amount (000)#		      Value  

LONG-TERM INVESTMENTS — 130.0%

            

BANK LOANS(a) — 3.2%

            

Chemicals — 1.1%

            

Axalta Coating Systems US Holdings, Inc.

      3.750 %       02/01/20         895       $ 883,889   

MacDermid, Inc.

      5.500 %       06/07/20         5,686         5,173,863   
           

 

 

  
              6,057,752   
           

 

 

  

Foods — 0.3%

            

Albertson’s LLC

      5.500 %       03/21/19         1,350         1,328,576   
           

 

 

  

Gaming — 0.4%

            

MGM Resorts International

      3.500 %       12/20/19         1,940         1,920,197   
           

 

 

  

Metals — 0.2%

            

Murray Energy Corp.

      7.500 %       04/16/20         2,533         1,010,989   
           

 

 

  

Technology — 0.8%

            

BMC Software Finance, Inc.

      5.000 %       09/10/20         3,302         2,633,575   

Kronos, Inc.

      9.750 %       04/30/20         1,865         1,807,658   
           

 

 

  
              4,441,233   
           

 

 

  

Telecommunications — 0.4%

            

Communications Sales & Leasing, Inc.

      5.000 %       10/24/22         2,562         2,382,776   
           

 

 

  

TOTAL BANK LOANS
(cost $19,640,406)

               17,141,523   
           

 

 

  

CORPORATE BONDS — 126.8%

            

Airlines — 2.3%

            

Continental Airlines, Inc., Pass-Through Trust, Series 2012-3, Class C, Pass-Through Certificates(b)

      6.125 %       04/29/18         8,800         9,086,000   

United Airlines, Pass-Through Trust, Series 2007-1, Class A, Pass-Through Certificates

      6.636 %       07/02/22         3,076         3,229,572   
           

 

 

  
              12,315,572   
           

 

 

  

Auto Manufacturers — 0.5%

            

Fiat Chrysler Automobiles NV (United Kingdom), Sr. Unsec’d. Notes

      4.500 %       04/15/20         1,050         1,034,250   

Jaguar Land Rover Automotive PLC (United Kingdom), Gtd. Notes, 144A

      4.250 %       11/15/19         1,600         1,608,000   
           

 

 

  
              2,642,250   
           

 

 

  

Auto Parts & Equipment — 2.9%

            

American Axle & Manufacturing, Inc., Gtd. Notes(b)

      5.125 %       02/15/19         2,650         2,630,125   

American Axle & Manufacturing, Inc., Gtd. Notes

      7.750 %       11/15/19         3,020         3,216,300   

Meritor, Inc., Gtd. Notes

      6.750 %       06/15/21         1,200         1,032,000   

Schaeffler Holding Finance BV (Germany), Sr. Sec’d. Notes, PIK, 144A

      6.250 %       11/15/19         1,200         1,249,500   

Schaeffler Holding Finance BV (Germany), Sr. Sec’d. Notes, PIK, 144A

      6.875 %       08/15/18         6,850         7,021,250   

ZF North America Capital, Inc. (Germany), Gtd. Notes, 144A

      4.000 %       04/29/20         250         251,562   
           

 

 

  
              15,400,737   
           

 

 

  

Banks — 0.8%

            

CIT Group, Inc., Sr. Unsec’d. Notes(b)

      4.250 %       08/15/17         4,175         4,256,413   
           

 

 

  

Beverages — 1.7%

            

Constellation Brands, Inc., Gtd. Notes

      3.875 %       11/15/19         2,025         2,097,293   

Constellation Brands, Inc., Gtd. Notes(b)

      7.250 %       09/01/16         3,052         3,138,677   

Cott Beverages, Inc. (Canada), Gtd. Notes(b)

      6.750 %       01/01/20         3,875         4,078,437   
           

 

 

  
              9,314,407   
           

 

 

  

Building Materials — 5.1%

            

Cemex Espana SA (Mexico), Sr. Sec’d. Notes, 144A(b)

      9.875 %       04/30/19         5,000         5,248,000   

Standard Industries, Inc., Sr. Unsec’d. Notes, 144A (original cost $675,000; purchased 02/18/16)(c)(d)

      5.125 %       02/15/21         675         688,500   

Summit Materials LLC/Summit Materials Finance Corp., Sr. Unsec’d. Notes, 144A

      8.500 %       04/15/22         1,750         1,741,250   

Unifrax I LLC/Unifrax Holding Co., Gtd. Notes, 144A (original cost $9,944,030; purchased 05/14/14-07/28/14)(c)(d)

      7.500 %       02/15/19         9,538         7,344,260   

US Concrete, Inc., Sr. Sec’d. Notes(b)

      8.500 %       12/01/18         7,675         7,943,625   

USG Corp., Gtd. Notes, 144A

      5.875 %       11/01/21         788         817,550   

USG Corp., Sr. Unsec’d. Notes

      9.750 %       01/15/18         3,600         4,009,500   
           

 

 

  
              27,792,685   
           

 

 

  

Capital Goods — 0.2%

            

Michael Baker International LLC/CDL Acquisition Co., Inc., Sr. Sec’d. Notes, 144A(b)

      8.250 %       10/15/18         1,325         1,126,250   
           

 

 

  

Chemicals — 3.7%

            

Axalta Coating Systems US Holdings, Inc./Axalta Coating Systems Dutch Holdings BV, Gtd. Notes, 144A(b)

      7.375 %       05/01/21         11,626         12,352,625   

Chemtura Corp., Gtd. Notes

      5.750 %       07/15/21         1,984         1,954,240   

Hexion, Inc., Sr. Sec’d. Notes

      8.875 %       02/01/18         1,190         788,375   

Kissner Milling Co., Ltd. (Canada), Sr. Sec’d. Notes, 144A (original cost $3,650,210; purchased 05/15/14-06/18/15)(c)(d)

      7.250 %       06/01/19         3,601         3,195,887   

Rentech Nitrogen Partners LP/Rentech Nitrogen Finance Corp., Sec’d. Notes, 144A(b)

      6.500 %       04/15/21         1,655         1,555,700   
           

 

 

  
              19,846,827   
           

 

 

  

Commercial Services — 4.2%

            

Hertz Corp. (The), Gtd. Notes(b)

      4.250 %       04/01/18         3,875         3,816,875   

Hertz Corp. (The), Gtd. Notes

      6.750 %       04/15/19         925         922,789   

Hertz Corp. (The), Gtd. Notes(b)

      7.500 %       10/15/18         2,400         2,430,000   

Laureate Education, Inc., Gtd. Notes, 144A

      10.000 %       09/01/19         3,875         1,976,250   

Safway Group Holding LLC/Safway Finance Corp., Sec’d. Notes, 144A(b)

      7.000 %       05/15/18         7,474         7,567,425   

Service Corp. International, Sr. Unsec’d. Notes(b)

      7.625 %       10/01/18         5,403         6,024,345   
           

 

 

  
              22,737,684   
           

 

 

  

Distribution/Wholesale — 0.8%

            

HD Supply, Inc., Gtd. Notes

      11.500 %       07/15/20         3,500         3,867,500   

Rexel SA (France), Sr. Unsec’d. Notes, 144A

      5.250 %       06/15/20         375         376,875   
           

 

 

  
              4,244,375   
           

 

 

  

Diversified Financial Services — 5.1%

            

Ally Financial, Inc., Sub. Notes

      8.000 %       12/31/18         2,975         3,235,312   

CoreLogic, Inc., Gtd. Notes(b)

      7.250 %       06/01/21         5,277         5,481,484   

Denali Borrower LLC/Denali Finance Corp., Sr. Sec’d. Notes, 144A

      5.625 %       10/15/20         1,850         1,946,182   

International Lease Finance Corp., Sr. Unsec’d. Notes(b)

      3.875 %       04/15/18         1,350         1,352,531   

International Lease Finance Corp., Sr. Unsec’d. Notes

      6.250 %       05/15/19         600         643,500   

International Lease Finance Corp., Sr. Unsec’d. Notes(b)

      8.875 %       09/01/17         4,000         4,295,000   

KCG Holdings, Inc., Sr. Sec’d. Notes, 144A

      6.875 %       03/15/20         1,050         887,250   

Navient Corp., Sr. Unsec’d. Notes, MTN

      8.000 %       03/25/20         425         419,688   

Navient Corp., Sr. Unsec’d. Notes, MTN(b)

      8.450 %       06/15/18         4,550         4,848,616   

OneMain Financial Holdings, Inc., Gtd. Notes, 144A(b)

      6.750 %       12/15/19         4,400         4,163,500   
           

 

 

  
              27,273,063   
           

 

 

  

Electric — 4.9%

            

AES Corp., Sr. Unsec’d. Notes

      7.375 %       07/01/21         1,250         1,303,125   

DPL, Inc., Sr. Unsec’d. Notes

      6.500 %       10/15/16         115         116,438   

DPL, Inc., Sr. Unsec’d. Notes

      6.750 %       10/01/19         1,160         1,162,900   

DPL, Inc., Sr. Unsec’d. Notes

      7.250 %       10/15/21         3,350         3,291,375   

Dynegy, Inc., Gtd. Notes(b)

      6.750 %       11/01/19         5,725         5,306,359   

GenOn Energy, Inc., Sr. Unsec’d. Notes

      7.875 %       06/15/17         750         624,375   

GenOn Energy, Inc., Sr. Unsec’d. Notes

      9.500 %       10/15/18         2,625         1,706,250   

GenOn Energy, Inc., Sr. Unsec’d. Notes

      9.875 %       10/15/20         1,400         847,000   

Mirant Mid Atlantic Trust, Series B, Pass-Through Certificates

      9.125 %       06/30/17         2,285         2,181,862   

NRG Energy, Inc., Gtd. Notes(b)

      7.625 %       01/15/18         6,850         7,098,312   

NRG REMA LLC, Series B, Pass-Through Certificates(d)(e)

      9.237 %       07/02/17         2,062         2,020,706   

NRG REMA LLC, Series C, Pass-Through Certificates(b)

      9.681 %       07/02/26         1,100         1,067,000   
           

 

 

  
              26,725,702   
           

 

 

  

Electrical Components & Equipment — 0.5%

            

Anixter, Inc., Gtd. Notes(b)

      5.625 %       05/01/19         1,500         1,567,500   

International Wire Group Holdings, Inc., Sec’d. Notes, 144A(b)

      8.500 %       10/15/17         1,000         990,000   
           

 

 

  
              2,557,500   
           

 

 

  

Electronics — 0.1%

            

Jabil Circuit, Inc., Sr. Unsec’d. Notes

      5.625 %       12/15/20         690         714,150   
           

 

 

  

Entertainment — 9.3%

            

CCM Merger, Inc., Gtd. Notes, 144A (original cost $3,999,595; purchased 09/04/13-11/17/15)(c)(d)

      9.125 %       05/01/19         3,818         3,884,815   

Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp., Gtd. Notes(b)

      5.250 %       03/15/21         4,350         4,496,812   

Cinemark USA, Inc., Gtd. Notes

      7.375 %       06/15/21         2,322         2,432,295   

GLP Capital LP/GLP Financing II, Inc., Gtd. Notes(b)

      4.375 %       11/01/18         3,775         3,798,594   

GLP Capital LP/GLP Financing II, Inc., Gtd. Notes

      4.875 %       11/01/20         2,000         2,024,400   

Greektown Holdings LLC/Greektown Mothership Corp., Sr. Sec’d. Notes, 144A(d)

      8.875 %       03/15/19         2,025         1,974,375   

Isle of Capri Casinos, Inc., Gtd. Notes(b)

      8.875 %       06/15/20         8,160         8,568,000   

NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., Sr. Sec’d. Notes, 144A (original cost $4,651,513; purchased 07/30/13-08/25/15)(b)(c)(d)

      5.000 %       08/01/18         4,550         4,595,500   

National CineMedia LLC, Sr. Sec’d. Notes

      6.000 %       04/15/22         1,310         1,362,400   

National CineMedia LLC, Sr. Unsec’d. Notes

      7.875 %       07/15/21         1,500         1,556,250   

Peninsula Gaming LLC/Peninsula Gaming Corp., Gtd. Notes, 144A

      8.375 %       02/15/18         4,000         4,060,000   

Penn National Gaming, Inc., Sr. Unsec’d. Notes

      5.875 %       11/01/21         1,550         1,508,336   

Pinnacle Entertainment, Inc., Gtd. Notes

      7.500 %       04/15/21         1,050         1,092,000   

Pinnacle Entertainment, Inc., Gtd. Notes(b)

      8.750 %       05/15/20         4,481         4,677,044   

Scientific Games Corp., Gtd. Notes(b)

      8.125 %       09/15/18         5,075         3,958,500   
           

 

 

  
              49,989,321   
           

 

 

  

Environmental Control — 0.2%

            

Clean Harbors, Inc., Gtd. Notes

      5.250 %       08/01/20         850         852,125   
           

 

 

  

Food — 3.4%

            

Bertin SA/Bertin Finance Ltd. (Brazil), Gtd. Notes, 144A

      10.250 %       10/05/16         1,300         1,332,500   

Diamond Foods, Inc., Gtd. Notes, 144A

      7.000 %       03/15/19         5,750         5,951,250   

JBS Investments GmbH (Brazil), Gtd. Notes, 144A

      7.750 %       10/28/20         2,000         1,925,000   

JBS USA LLC/JBS USA Finance, Inc. (Brazil), Gtd. Notes, 144A (original cost $3,784,375; purchased 06/17/14)(b)(c)(d)

      7.250 %       06/01/21         3,500         3,386,250   

Shearer’s Foods LLC/Chip Finance Corp., Sr. Sec’d. Notes, 144A

      9.000 %       11/01/19         2,900         3,052,250   

Smithfield Foods, Inc., Sr. Unsec’d. Notes, 144A(b)

      5.250 %       08/01/18         2,300         2,340,250   

Smithfield Foods, Inc., Sr. Unsec’d. Notes, 144A

      5.875 %       08/01/21         500         508,595   
           

 

 

  
              18,496,095   
           

 

 

  

Food Service — 0.2%

            

ARAMARK Services, Inc., Gtd. Notes

      5.750 %       03/15/20         910         939,575   
           

 

 

  

Forest Products & Paper — 0.8%

            

Smurfit Kappa Acquisitions (Ireland), Gtd. Notes, 144A

      4.875 %       09/15/18         3,450         3,563,850   

Tembec Industries, Inc. (Canada), Sr. Sec’d. Notes, 144A

      9.000 %       12/15/19         1,575         1,015,875   
           

 

 

  
              4,579,725   
           

 

 

  

Gas — 0.3%

            

AmeriGas Partners LP/AmeriGas Eagle Finance Corp., Sr. Unsec’d. Notes

      6.500 %       05/20/21         1,725         1,720,688   
           

 

 

  

Healthcare-Products — 1.7%

            

ConvaTec Finance International SA (Luxembourg), Gtd. Notes, PIK, 144A

      8.250 %       01/15/19         1,235         1,089,888   

ConvaTec Healthcare E SA (Luxembourg), Gtd. Notes, 144A

      10.500 %       12/15/18         4,115         4,217,875   

Mallinckrodt International Finance SA/Mallinckrodt CB LLC, Gtd. Notes, 144A

      4.875 %       04/15/20         3,775         3,737,250   
           

 

 

  
              9,045,013   
           

 

 

  

Healthcare-Services — 7.7%

            

Centene Escrow Corp., Sr. Unsec’d. Notes, 144A

      5.625 %       02/15/21         2,375         2,481,875   

CHS/Community Health Systems, Inc., Gtd. Notes(b)

      8.000 %       11/15/19         10,950         10,347,750   

HCA Holdings, Inc., Sr. Unsec’d. Notes

      6.250 %       02/15/21         1,000         1,057,500   

HCA, Inc., Gtd. Notes(b)

      8.000 %       10/01/18         1,855         2,085,725   

HCA, Inc., Sr. Sec’d. Notes(b)

      3.750 %       03/15/19         3,075         3,132,349   

HCA, Inc., Sr. Sec’d. Notes

      4.250 %       10/15/19         1,625         1,673,750   

Kindred Healthcare, Inc., Gtd. Notes

      8.000 %       01/15/20         6,350         5,873,750   

Select Medical Corp., Gtd. Notes

      6.375 %       06/01/21         3,000         2,700,000   

Tenet Healthcare Corp., Sr. Sec’d. Notes(b)

      6.250 %       11/01/18         5,400         5,683,500   

Tenet Healthcare Corp., Sr. Unsec’d. Notes

      5.000 %       03/01/19         4,775         4,560,125   

Tenet Healthcare Corp., Sr. Unsec’d. Notes

      6.750 %       02/01/20         925         888,000   

Tenet Healthcare Corp., Sr. Unsec’d. Notes

      8.000 %       08/01/20         1,000         1,010,000   
           

 

 

  
              41,494,324   
           

 

 

  

Home Builders — 8.8%

            

Beazer Homes USA, Inc., Gtd. Notes

      5.750 %       06/15/19         3,450         2,777,250   

Beazer Homes USA, Inc., Sr. Sec’d. Notes(b)

      6.625 %       04/15/18         7,275         7,311,375   

Brookfield Residential Properties, Inc. (Canada), Gtd. Notes, 144A

      6.500 %       12/15/20         2,765         2,516,150   

CalAtlantic Group, Inc., Gtd. Notes(b)

      8.375 %       05/15/18         4,200         4,609,500   

CalAtlantic Group, Inc., Gtd. Notes(b)

      10.750 %       09/15/16         3,225         3,362,062   

D.R. Horton, Inc., Gtd. Notes(b)

      4.750 %       05/15/17         3,000         3,088,200   

KB Home, Gtd. Notes(b)

      4.750 %       05/15/19         5,659         5,404,345   

KB Home, Gtd. Notes

      7.250 %       06/15/18         2,000         2,080,000   

Lennar Corp., Gtd. Notes(b)

      4.500 %       06/15/19         2,600         2,673,112   

Lennar Corp., Gtd. Notes

      4.500 %       11/15/19         1,000         1,030,620   

Lennar Corp., Gtd. Notes(b)

      4.750 %       12/15/17         5,075         5,201,875   

M/I Homes, Inc., Gtd. Notes

      6.750 %       01/15/21         2,075         2,007,563   

Toll Brothers Finance Corp., Gtd. Notes

      4.000 %       12/31/18         400         409,000   

Toll Brothers Finance Corp., Gtd. Notes(b)

      8.910 %       10/15/17         1,600         1,760,000   

William Lyon Homes, Inc., Gtd. Notes

      5.750 %       04/15/19         1,350         1,228,500   

William Lyon Homes, Inc., Gtd. Notes

      8.500 %       11/15/20         2,300         2,288,500   
           

 

 

  
              47,748,052   
           

 

 

  

Household Products/Wares — 0.7%

            

Jarden Corp., Gtd. Notes(b)

      7.500 %       05/01/17         3,750         3,839,063   
           

 

 

  

Internet — 1.1%

            

Ancestry.com, Inc., Gtd. Notes

      11.000 %       12/15/20         3,300         3,473,250   

Zayo Group LLC/Zayo Capital, Inc., Gtd. Notes

      10.125 %       07/01/20         2,254         2,417,415   
           

 

 

  
              5,890,665   
           

 

 

  

Iron/Steel — 1.8%

            

AK Steel Corp., Sr. Sec’d. Notes(b)

      8.750 %       12/01/18         3,641         3,313,310   

ArcelorMittal (Luxembourg), Sr. Unsec’d. Notes

      5.500 %       02/25/17         4,435         4,468,262   

ArcelorMittal (Luxembourg), Sr. Unsec’d. Notes

      10.850 %       06/01/19         980         1,031,450   

United States Steel Corp., Sr. Unsec’d. Notes

      7.000 %       02/01/18         1,000         790,000   
           

 

 

  
              9,603,022   
           

 

 

  

Leisure Time — 0.6%

            

NCL Corp. Ltd., Sr. Unsec’d. Notes, 144A

      4.625 %       11/15/20         1,725         1,677,563   

NCL Corp. Ltd., Sr. Unsec’d. Notes, 144A

      5.250 %       11/15/19         1,800         1,800,000   
           

 

 

  
              3,477,563   
           

 

 

  

Lodging — 3.9%

            

Boyd Gaming Corp., Gtd. Notes

      9.000 %       07/01/20         2,389         2,520,395   

MGM Resorts International, Gtd. Notes(b)

      8.625 %       02/01/19         6,280         7,112,100   

MGM Resorts International, Gtd. Notes(b)

      10.000 %       11/01/16         7,000         7,323,750   

Station Casinos LLC, Gtd. Notes

      7.500 %       03/01/21         4,141         4,322,169   
           

 

 

  
              21,278,414   
           

 

 

  

Machinery-Construction & Mining — 0.4%

            

Terex Corp., Gtd. Notes

      6.000 %       05/15/21         750         708,750   

Terex Corp., Gtd. Notes

      6.500 %       04/01/20         1,500         1,425,000   
           

 

 

  
              2,133,750   
           

 

 

  

Machinery-Diversified — 1.2%

            

Cleaver-Brooks, Inc., Sr. Sec’d. Notes, 144A (original cost $3,350,250; purchased 03/21/14-02/26/16)(b)(c)(d)

      8.750 %       12/15/19         3,400         3,153,500   

CNH Industrial Capital LLC, Gtd. Notes(b)

      4.375 %       11/06/20         1,900         1,824,000   

SPX FLOW, Inc., Gtd. Notes

      6.875 %       09/01/17         1,525         1,566,938   
           

 

 

  
              6,544,438   
           

 

 

  

Media — 13.2%

            

AMC Networks, Inc., Gtd. Notes(b)

      7.750 %       07/15/21         8,815         9,321,862   

Cablevision Systems Corp., Sr. Unsec’d. Notes(b)

      7.750 %       04/15/18         2,250         2,311,875   

Cablevision Systems Corp., Sr. Unsec’d. Notes(b)

      8.625 %       09/15/17         7,300         7,759,900   

Carlson Travel Holdings, Inc., Sr. Unsec’d. Notes, PIK, 144A (original cost $3,812,250; purchased 06/26/14-08/04/14)(b)(c)(d)

      7.500 %       08/15/19         3,800         3,306,000   

CCO Holdings LLC/CCO Holdings Capital Corp., Gtd. Notes(b)

      6.500 %       04/30/21         4,500         4,677,188   

CCO Holdings LLC/CCO Holdings Capital Corp., Gtd. Notes(b)

      7.000 %       01/15/19         4,648         4,748,862   

CCO Holdings LLC/CCO Holdings Capital Corp., Gtd. Notes

      7.375 %       06/01/20         4,000         4,162,000   

Cequel Communications Holdings I LLC/Cequel Capital Corp., Sr. Unsec’d. Notes, 144A

      6.375 %       09/15/20         4,175         4,086,281   

Clear Channel Worldwide Holdings, Inc., Series A, Gtd. Notes

      7.625 %       03/15/20         215         174,956   

Cogeco Communications, Inc. (Canada), Gtd. Notes, 144A

      4.875 %       05/01/20         2,500         2,525,000   

DISH DBS Corp., Gtd. Notes(b)

      4.250 %       04/01/18         4,590         4,624,425   

DISH DBS Corp., Gtd. Notes

      4.625 %       07/15/17         1,800         1,840,500   

DISH DBS Corp., Gtd. Notes(b)

      7.875 %       09/01/19         1,000         1,083,240   

Entercom Radio LLC, Gtd. Notes

      10.500 %       12/01/19         4,000         4,110,000   

Harron Communications LP/Harron Finance Corp., Sr. Unsec’d. Notes, 144A (original cost $8,110,275; purchased 04/14/15-06/24/15)(b)(c)(d)

      9.125 %       04/01/20         7,406         7,767,042   

Numericable-SFR SAS (France), Sr. Sec’d. Notes, 144A(b)

      4.875 %       05/15/19         4,655         4,652,673   

Sinclair Television Group, Inc., Gtd. Notes

      5.375 %       04/01/21         875         887,031   

Sinclair Television Group, Inc., Gtd. Notes

      6.375 %       11/01/21         560         581,000   

TEGNA, Inc., Gtd. Notes

      5.125 %       10/15/19         650         689,000   

Univision Communications, Inc., Gtd. Notes, 144A (original cost $1,770,711; purchased 08/26/15-09/08/15)(b)(c)(d)

      8.500 %       05/15/21         1,690         1,698,450   
           

 

 

  
              71,007,285   
           

 

 

  

Mining — 2.2%

            

Alamos Gold, Inc. (Canada), Sec’d. Notes, 144A(b)

      7.750 %       04/01/20         1,500         1,271,250   

Alcoa, Inc., Sr. Unsec’d. Notes(b)

      6.750 %       07/15/18         3,000         3,127,500   

Kaiser Aluminum Corp., Gtd. Notes

      8.250 %       06/01/20         1,200         1,248,000   

Lundin Mining Corp. (Canada), Sr. Sec’d. Notes, 144A(b)

      7.500 %       11/01/20         3,825         3,385,125   

New Gold, Inc. (Canada), Gtd. Notes, 144A

      7.000 %       04/15/20         1,325         1,111,344   

Teck Resources Ltd. (Canada), Gtd. Notes

      3.150 %       01/15/17         1,850         1,785,250   
           

 

 

  
              11,928,469   
           

 

 

  

Miscellaneous Manufacturing — 1.5%

            

Bombardier, Inc. (Canada), Sr. Unsec’d. Notes, 144A(b)

      7.500 %       03/15/18         2,633         2,514,515   

Koppers, Inc., Gtd. Notes(b)

      7.875 %       12/01/19         5,494         5,411,590   
           

 

 

  
              7,926,105   
           

 

 

  

Oil & Gas — 1.2%

            

Pacific Exploration and Production Corp. (Colombia), Gtd. Notes, 144A

      7.250 %       12/12/21         200         23,000   

Sunoco LP/Sunoco Finance Corp., Gtd. Notes, 144A

      5.500 %       08/01/20         850         811,750   

Tesoro Corp., Gtd. Notes(b)

      4.250 %       10/01/17         3,675         3,730,125   

Western Refining, Inc., Gtd. Notes

      6.250 %       04/01/21         976         780,800   

WPX Energy, Inc., Sr. Unsec’d. Notes

      7.500 %       08/01/20         1,525         960,750   
           

 

 

  
              6,306,425   
           

 

 

  

Oil & Gas Services — 0.2%

            

PHI, Inc., Gtd. Notes

      5.250 %       03/15/19         700         574,000   

SESI LLC, Gtd. Notes

      6.375 %       05/01/19         1,165         795,113   
           

 

 

  
              1,369,113   
           

 

 

  

Packaging & Containers — 5.8%

            

AEP Industries, Inc., Sr. Unsec’d. Notes(b)

      8.250 %       04/15/19         5,100         5,202,000   

Ardagh Packaging Finance PLC (Ireland), Gtd. Notes, 144A

      9.125 %       10/15/20         3,000         3,097,500   

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), Gtd. Notes, 144A

      6.250 %       01/31/19         650         635,375   

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), Gtd. Notes, 144A

      9.125 %       10/15/20         2,275         2,346,094   

Beverage Packaging Holdings Luxembourg II SA/Beverage Packaging Holdings II IS (New Zealand), Gtd. Notes, 144A

      6.000 %       06/15/17         1,150         1,145,687   

Coveris Holdings SA (Luxembourg), Gtd. Notes, 144A

      7.875 %       11/01/19         650         516,750   

Greif, Inc., Sr. Unsec’d. Notes(b)

      6.750 %       02/01/17         1,200         1,239,000   

Greif, Inc., Sr. Unsec’d. Notes(b)

      7.750 %       08/01/19         6,050         6,700,375   

PaperWorks Industries, Inc., Sr. Sec’d. Notes, 144A(b)

      9.500 %       08/15/19         3,000         2,527,500   

Plastipak Holdings, Inc., Sr. Unsec’d. Notes, 144A (original cost $2,506,125; purchased 11/04/15-02/09/16)(b)(c)(d)

      6.500 %       10/01/21         2,550         2,448,000   

Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group LU (New Zealand), Gtd. Notes

      9.875 %       08/15/19         4,000         4,120,000   

Sealed Air Corp., Gtd. Notes, 144A

      6.500 %       12/01/20         1,045         1,170,400   
           

 

 

  
              31,148,681   
           

 

 

  

Pharmaceuticals — 2.3%

            

Allergan, Inc., Gtd. Notes(b)

      1.350 %       03/15/18         2,240         2,217,972   

Capsugel SA, Sr. Unsec’d. Notes, PIK, 144A

      7.000 %       05/15/19         3,700         3,704,625   

Valeant Pharmaceuticals International, Inc.,
Gtd. Notes, 144A(b)

      5.375 %       03/15/20         4,025         3,642,625   

Valeant Pharmaceuticals International, Inc.,
Gtd. Notes, 144A

      6.375 %       10/15/20         900         825,750   

Valeant Pharmaceuticals International, Inc.,
Gtd. Notes, 144A

      7.500 %       07/15/21         2,250         2,120,625   
           

 

 

  
              12,511,597   
           

 

 

  

Pipelines — 0.4%

            

Rockies Express Pipeline LLC, Sr. Unsec’d. Notes, 144A (original cost $2,144,688;
purchased 01/10/13-05/02/13)(b)(c)(d)

      6.000 %       01/15/19         2,150         2,010,250   
           

 

 

  

Real Estate — 0.3%

            

Realogy Group LLC/Realogy Co-issuer Corp., Gtd. Notes, 144A

      5.250 %       12/01/21         1,425         1,448,156   
           

 

 

  

Real Estate Investment Trusts (REITs) — 0.7%

            

DuPont Fabros Technology LP, Gtd. Notes

      5.875 %       09/15/21         1,991         2,070,640   

MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes

      6.375 %       02/15/22         1,500         1,545,000   
           

 

 

  
              3,615,640   
           

 

 

  

Retail — 4.1%

            

AmeriGas Finance LLC/AmeriGas Finance Corp., Gtd. Notes

      6.750 %       05/20/20         300         304,500   

Claire’s Stores, Inc., Sr. Sec’d. Notes, 144A

      6.125 %       03/15/20         400         196,000   

Claire’s Stores, Inc., Sr. Sec’d. Notes, 144A(b)

      9.000 %       03/15/19         4,200         2,404,500   

Dollar Tree, Inc., Gtd. Notes, 144A

      5.250 %       03/01/20         700         735,000   

Ferrellgas Partners LP/Ferrellgas Partners Finance Corp., Sr. Unsec’d. Notes

      8.625 %       06/15/20         1,300         1,131,000   

L Brands, Inc., Gtd. Notes

      8.500 %       06/15/19         975         1,141,969   

Landry’s, Inc., Gtd. Notes, 144A (original cost $9,930,756; purchased 05/27/14-02/22/16)(b)(c)(d)

      9.375 %       05/01/20           9,195         9,631,763   

THOM Europe SAS (France), Sr. Sec’d. Notes, 144A

      7.375 %       07/15/19      EUR  4,000         4,481,963   

Yum! Brands, Inc., Sr. Unsec’d. Notes

      3.875 %       11/01/20         2,400         2,310,000   
           

 

 

  
              22,336,695   
           

 

 

  

Semiconductors — 2.5%

            

Freescale Semiconductor, Inc., Sr. Sec’d. Notes, 144A

      5.000 %       05/15/21         1,050         1,086,750   

Freescale Semiconductor, Inc., Sr. Sec’d. Notes, 144A

      6.000 %       01/15/22         7,160         7,598,550   

NXP BV/NXP Funding LLC (Netherlands), Gtd. Notes, 144A(b)

      4.125 %       06/15/20         4,650         4,702,777   
           

 

 

  
              13,388,077   
           

 

 

  

Software — 5.4%

            

Audatex North America, Inc., Gtd. Notes, 144A

      6.000 %       06/15/21         9,825         9,923,250   

Emdeon, Inc., Gtd. Notes(b)

      11.000 %       12/31/19         8,000         8,200,000   

First Data Corp., Sr. Sec’d. Notes, 144A

      6.750 %       11/01/20         5,223         5,512,876   

Infor U.S., Inc., Sr. Sec’d. Notes, 144A (original cost $5,345,725; purchased 08/11/15-02/22/16)(b)(c)(d)

      5.750 %       08/15/20         5,340         5,380,050   
           

 

 

  
              29,016,176   
           

 

 

  

Technology — 0.5%

            

Jabil Circuit, Inc., Sr. Unsec’d. Notes

      8.250 %       03/15/18         2,700         2,922,750   
           

 

 

  

Telecommunications — 10.9%

            

CenturyLink, Inc., Sr. Unsec’d. Notes, Series N

      6.000 %       04/01/17         1,100         1,135,200   

Clearwire Communications LLC/Clearwire Finance, Inc., Sr. Sec’d. Notes, 144A(b)

      14.750 %       12/01/16         4,750         5,141,875   

CommScope Holding Co., Inc., Sr. Unsec’d. Notes, PIK, 144A(b)

      6.625 %       06/01/20         4,355         4,442,100   

CommScope, Inc., Sr. Sec’d. Notes, 144A(b)

      4.375 %       06/15/20         3,975         4,044,562   

Embarq Corp., Sr. Unsec’d. Notes (original cost $53,015; purchased 04/11/13)(c)(d)

      7.082 %       06/01/16         46         46,368   

Frontier Communications Corp., Sr. Unsec’d. Notes

      8.125 %       10/01/18         1,775         1,837,125   

Intelsat Jackson Holdings SA (Luxembourg), Gtd. Notes

      7.250 %       04/01/19         6,135         4,754,625   

Intelsat Jackson Holdings SA (Luxembourg), Gtd. Notes

      7.250 %       10/15/20         500         345,000   

Level 3 Financing, Inc., Gtd. Notes(b)

      7.000 %       06/01/20         6,255         6,559,931   

Qwest Capital Funding, Inc., Gtd. Notes

      6.500 %       11/15/18         1,000         1,040,000   

Sprint Communications, Inc., Gtd. Notes, 144A

      9.000 %       11/15/18         2,580         2,678,298   

T-Mobile USA, Inc., Gtd. Notes

      6.542 %       04/28/20         1,150         1,190,250   

T-Mobile USA, Inc., Gtd. Notes

      6.625 %       11/15/20         1,000         1,040,000   

Telecom Italia Capital SA (Italy), Gtd. Notes

      6.999 %       06/04/18         2,060         2,224,800   

Telesat Canada/Telesat LLC (Canada), Gtd. Notes, 144A(b)

      6.000 %       05/15/17         7,000         7,008,750   

UPCB Finance V Ltd. (Netherlands), Sr. Sec’d. Notes, 144A

      7.250 %       11/15/21         3,600         3,811,500   

UPCB Finance VI Ltd. (Netherlands), Sr. Sec’d. Notes, 144A

      6.875 %       01/15/22         2,022         2,128,471   

Wind Acquisition Finance SA (Italy), Sr. Sec’d. Notes, 144A

      6.500 %       04/30/20         3,300         3,341,250   

Windstream Services LLC, Gtd. Notes

      7.875 %       11/01/17         5,750         6,023,125   
           

 

 

  
              58,793,230   
           

 

 

  

Transportation — 0.7%

            

XPO Logistics, Inc., Sr. Unsec’d. Notes, 144A(b)

      7.875 %       09/01/19         3,750         3,871,875   
           

 

 

  

TOTAL CORPORATE BONDS
(cost $713,539,117)

               684,179,972   
           

 

 

  

TOTAL LONG-TERM INVESTMENTS
(cost $733,179,523)

               701,321,495   
           

 

 

  

SHORT-TERM INVESTMENT — 2.6%

            
                   Shares         

AFFILIATED MONEY MARKET MUTUAL FUND

            

Prudential Investment Portfolios 2 — Prudential Core Taxable Money Market Fund
(cost $14,018,797)(f)

   

      14,018,797         14,018,797   
           

 

 

  

TOTAL INVESTMENTS — 132.6%
(cost $747,198,320)(g)

               715,340,292   

Liabilities in excess of other assets(h) — (32.6)%

               (176,032,597 ) 
           

 

 

  

NET ASSETS — 100.0%

             $ 539,307,695   
           

 

 

  

 

The following abbreviations are used in the quarterly schedule of portfolio holdings:

 

144A    Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.
EUR    Euro
GBP    British Pound
MTN    Medium Term Note
OTC    Over-the-counter
PIK    Payment-in-Kind

 

# Principal amount is shown in U.S. dollars unless otherwise stated.
(a) Variable rate instrument. The interest rate shown reflects the rate in effect at February 29, 2016.
(b) Represents security, or a portion thereof, with aggregate value of $358,217,383 segregated as collateral for amount of $175,000,000 borrowed and outstanding as of February 29, 2016. Of such securities, securities in the amount of $133,204,838 have been loaned for which, the amount borrowed serves as collateral. Securities on loan are subject to contractual netting arrangements.
(c) Indicates a restricted security; the aggregate original cost of the restricted securities is $63,728,518. The aggregate value, $58,536,635, is approximately 10.9% of net assets.
(d) Indicates a security or securities that have been deemed illiquid.
(e) Indicates a Level 3 security. The aggregate value of Level 3 securities is $2,020,706 and 0.4% of net assets.
(f) Prudential Investments LLC, the manager of the Fund, also serves as manager of the Prudential Investment Portfolios 2 — Prudential Core Taxable Money Market Fund.
(g) The United States federal income tax basis of investments and net unrealized depreciation were as follows:

 

Tax Basis

    $ 760,858,646   
  

 

 

  

Appreciation

      1,401,040   

Depreciation

      (46,919,394 ) 
  

 

 

  

Net Unrealized Depreciation

    $ (45,518,354 ) 
  

 

 

  

The book basis may differ from tax basis due to certain tax-related adjustments.

 

(h) Includes net unrealized appreciation (depreciation) on the following derivative contracts held at reporting period end:

Forward foreign currency exchange contracts outstanding at February 29, 2016:

 

Purchase Contracts

   

Counterparty

    Notional
Amount
(000)		      Value at
Settlement
Date		      Current
Value		      Unrealized
Depreciation(1)		  

OTC forward foreign currency exchange contracts:

            

British Pound,

               

Expiring 03/02/2016

    Citigroup Global Markets    GBP 1,622       $ 2,275,109       $ 2,257,782       $ (17,327 ) 

Euro,

               

Expiring 03/02/2016

    Goldman Sachs & Co.    EUR   4,213         4,643,187         4,582,757         (60,430 ) 
        

 

 

     

 

 

     

 

 

  
         $ 6,918,296       $ 6,840,539       $ (77,757 ) 
        

 

 

     

 

 

     

 

 

  

Sale Contracts

   

Counterparty

    Notional
Amount (000)		      Value at
Settlement
Date		      Current
Value		      Unrealized
Appreciation
(Depreciation)(1)		  

OTC forward foreign currency exchange contracts:

  

         

British Pound,

               

Expiring 03/02/2016

    JPMorgan Chase    GBP 1,551       $ 2,222,337       $ 2,159,276       $ 63,061   

Expiring 03/02/2016

    Deutsche Bank AG    GBP 71         98,480         98,506         (26 ) 

Euro,

               

Expiring 03/02/2016

    Goldman Sachs & Co.    EUR  4,213         4,573,320         4,582,757         (9,437 ) 

Expiring 04/04/2016

    Goldman Sachs & Co.    EUR    4,213         4,647,652         4,587,873         59,779   
        

 

 

     

 

 

     

 

 

  
         $ 11,541,789       $ 11,428,412       $ 113,377   
        

 

 

     

 

 

     

 

 

  
               $ 35,620   
              

 

 

  

 

(1) The amount represents fair value of derivative instruments subject to foreign exchange contracts risk exposure as of February 29, 2016.

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 - 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 February 29, 2016 in valuing such portfolio securities:

 

     Level 1      Level 2      Level 3  

Investments in Securities

         

Bank Loans

    $ —         $ 17,141,523       $ —     

Corporate Bonds

      —           682,159,266         2,020,706   

Affiliated Money Market Mutual Fund

      14,018,797         —           —     

Other Financial Instruments*

         

OTC Forward Foreign Currency Exchange Contracts

      —           35,620         —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 14,018,797       $ 699,336,409       $ 2,020,706   
  

 

 

     

 

 

     

 

 

  

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

 

     Corporate Bonds  

Balance as of 5/31/15

    $ 12,888,346   

Realized gain (loss)

      —     

Change in unrealized appreciation (depreciation)**

      (91,793 ) 

Purchases

      1,569,505   

Sales

      (211,373 ) 

Accrued discount/premium

      —     

Transfers into Level 3

      754,367   

Transfers out of Level 3

      (12,888,346 ) 
  

 

 

  

Balance as of 2/29/16

    $ 2,020,706   
  

 

 

  

 

* Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and centrally cleared swap contracts, which are recorded at the unrealized appreciation/depreciation on the instrument, and OTC swap contracts which are recorded at fair value.
** Of which, $(91,793) was relating to securities held at the reporting period end.

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

 

Level 3 Securities

    Fair Value as of
February 29, 2016		     

Valuation

Methodology

   

Unobservable Inputs

Corporate Bonds

    $ 2,020,706       Market Approach    Single Broker Indicative Quote
  

 

 

        

It is the Fund’s policy to recognize transfers in and transfers out at the fair value as of the beginning of period. At the reporting period end, securities transferred levels as follows:

 

Investments in

Securities

    Amount Transferred     

Level Transfer

   

Logic

Corporate Bonds

    $ 754,367       L2 to L3    Multiple Broker Quotes to Single Broker Indicative Quote

Corporate Bonds

    $ 12,888,346       L3 to L2    Single Broker Indicative Quote to Multiple Broker Quotes

Notes to Schedule of Investments (Unaudited)

Securities Valuation: The Fund holds securities and other assets that are fair valued at the close of each day the New York Stock Exchange (“NYSE”) is open for trading. 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. The Board of Directors (the “Board”) has adopted Valuation Procedures for security valuation under which fair valuation responsibilities have been delegated to Prudential Investments LLC (“PI” or “Manager”). Under the current Valuation Procedures, the established Valuation Committee is responsible for supervising the valuation of portfolio securities and other assets. The Valuation Procedures permit the Fund 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. A record of the Valuation Committee’s actions is subject to the Board’s review, approval, and ratification at its next regularly-scheduled quarterly meeting.

Various inputs determine how the Fund’s investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed in the table following the Schedule of Investments.

Common and preferred stocks, exchange-traded funds, and derivative instruments, such as futures and options, 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 valuation date exists, these securities are generally valued at the mean between 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.

Common and preferred stocks traded on foreign securities exchanges are 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. Such securities are valued using model prices to the extent that the valuation meets the established confidence level for each security. If the confidence level is not met or the vendor does not provide a model price, securities are valued in accordance with exchange-traded common and preferred stocks discussed above.

Participatory notes (P-Notes) are generally valued based upon the value of a related underlying security that trades actively in the market and are classified as Level 2 in the fair value hierarchy.

Investments in open-end, non-exchange-traded mutual funds 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 OTC market are generally valued at prices provided by approved independent pricing vendors. The pricing vendors provide these prices after 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. Securities valued using such vendor prices are classified as Level 2 in the fair value hierarchy.

Bank loans traded in the OTC market 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. Bank loans valued using such vendor prices are generally classified as Level 2 in the fair value hierarchy.

OTC derivative instruments are generally valued using pricing vendor services, which derive the valuation based on inputs such as underlying asset prices, indices, spreads, interest rates, and exchange rates. These instruments are categorized as Level 2 in the fair value hierarchy.

Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are generally valued at the daily settlement price determined by the respective exchange. These securities are classified as Level 2 in the fair value hierarchy, as the daily settlement price is not public.

Securities and other assets that cannot be priced according to the methods described above are valued based on pricing methodologies approved by the Board. 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.

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; any available analyst media or other reports or information deemed reliable by the investment adviser 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 mutual funds to calculate their net asset values.

The Fund may invest in illiquid securities, including repurchase agreements which have a maturity of longer than seven days, certain securities with legal or contractual restrictions on resale and securities that are not readily marketable. Restricted securities are valued pursuant to the valuation procedures noted above.

The Fund invests in the Prudential Core Taxable Money Market Fund, (the “Core Fund”), a portfolio of the Prudential Investment Portfolios 2, registered under the Investment Company Act of 1940, as amended, and managed by PI. As of March 30, 2016, the Core Fund was repositioned as the Prudential Core Ultra Short Bond Fund.

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).

Item 2. Controls and Procedures

 

  (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.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

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)     Prudential Short Duration High Yield Fund, Inc.

 

 

By (Signature and Title)*  

/s/ Deborah A. Docs

  Deborah A. Docs
  Secretary of the Fund                                   

 

Date April 19, 2016

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 (Signature and Title)*  

/s/ Stuart S. Parker

  Stuart S. Parker
  President and Principal Executive Officer

 

Date April 19, 2016

 

 

By (Signature and Title)*  

/s/ M. Sadiq Peshimam

  M. Sadiq Peshimam
  Treasurer and Principal Financial Officer

 

Date April 19, 2016

 

* Print the name and title of each signing officer under his or her signature.