Fund Description: PGIM Global High Yield Fund,Inc., formerly PGIM Global Short Duration High Yield Fund, Inc., formerly Prudential Global Short Duration High Yield Fund, Inc., is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The PGIM Global High Yield Fund,Inc.. seeks to provide a high level of current income. FUND STRATEGY: The Fund seeks to achieve its objective by investing primarily in high yield fixed income instruments of issuers located around the world, including emerging markets. Under normal market conditions at least 80% of the Fund's Investable Assets will be invested in a portfolio of global high yield fixed income instruments with varying maturities and other investments (including derivatives) with similar economic characteristics. The Fund's investments in derivatives will be included under the 80% policy so long as the assets of such derivatives are one or more high yield fixed income instruments or indices that are rated below investment grade. Such derivative investments, including credit default swaps on individual securities or groups or indices of securities, foreign currency forwards contracts and futures contracts, are subject to the Fund's limit of investing up to 20% of its Investable Assets in derivatives. The Fund considers fixed income instruments to include bonds, debentures, notes, commercial paper, fixed or variable/floating rate instruments, and other similar types of debt instruments, as well as loan participations and assignments, money market instruments, payment-in-kind securities and derivatives related to or referencing these types of instruments. Such derivatives are currently expected to include credit default swaps, interest rate swaps and foreign currency forwards contracts, but the Fund may also invest in futures contracts and U.S. Treasury swaps. The Fund may invest in fixed income instruments of companies or governments. FUND MANAGEMENT: Prudential Investments LLC serves as the Fund's investment manager. Prudential Investment Management, Inc. will serve as the Fund's subadviser.