0001752724-24-051658.txt : 20240312 0001752724-24-051658.hdr.sgml : 20240312 20240312105747 ACCESSION NUMBER: 0001752724-24-051658 CONFORMED SUBMISSION TYPE: NPORT-P/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20240312 DATE AS OF CHANGE: 20240312 PERIOD START: 20230430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pioneer Diversified High Income Fund, Inc. CENTRAL INDEX KEY: 0001388126 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NPORT-P/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-22014 FILM NUMBER: 24740708 BUSINESS ADDRESS: STREET 1: 60 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-742-7825 MAIL ADDRESS: STREET 1: 60 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: Pioneer Diversified High Income Trust DATE OF NAME CHANGE: 20070130 FORMER COMPANY: FORMER CONFORMED NAME: Pioneer Diversified Income Opportunity Trust DATE OF NAME CHANGE: 20070129 NPORT-P/A 1 primary_doc.xml NPORT-P/A false 0001752724-23-063474 0001388126 XXXXXXXX Pioneer Diversified High Income Fund, Inc. 811-22014 0001388126 5493001J3JB8KDPLS536 60 State Street Boston 02109 617-422-4947 Pioneer Diversified High Income Fund, Inc. 5493001J3JB8KDPLS536 2023-04-30 2023-01-31 N 143829698.29 42912382.53 100917315.76 0.00000000 0.00000000 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Anthony J. Koenig, Jr Anthony J. Koenig, Jr Managing Director, Chief Operations Officer & Treasurer of the Funds XXXX NPORT-EX 2 AAPI060AMU022823.htm
Pioneer Diversified High Income Fund, Inc.
Schedule of Investments  |  January 31, 2023
 
Ticker Symbol: HNW

Schedule of Investments  |  1/31/23
(unaudited) 
Principal
Amount
USD ($)
          Value
  UNAFFILIATED ISSUERS — 138.6%  
  Senior Secured Floating Rate Loan
Interests — 4.8% of Net Assets*(a)
 
  Chemicals-Diversified — 0.1%  
125,000(b) LSF11 A5 Holdco LLC, Incremental Term Loan B, 10/15/28 $   122,187
  Total Chemicals-Diversified    $122,187
  Consumer Products — 0.2%  
341,688 Instant Brands Holdings, Inc., Initial Loan, 9.735% (LIBOR + 500 bps), 4/12/28 $   203,731
  Total Consumer Products    $203,731
  Dialysis Centers — 0.3%  
483,750 US Renal Care, Inc., Initial Term Loan, 9.57% (LIBOR + 500 bps), 6/26/26 $   298,640
  Total Dialysis Centers    $298,640
  Electronic Composition — 0.1%  
123,039 Natel Engineering Co., Inc., Initial Term Loan, 10.42% (LIBOR + 625 bps), 4/30/26 $   110,735
  Total Electronic Composition    $110,735
  Investment Companies — 0.7%  
726,144 Diebold Nixdorf Holding Germany GmbH, Term Loan, 11.061% (Term SOFR + 650 bps), 7/15/25 $   749,744
  Total Investment Companies    $749,744
  Medical Labs & Testing Services — 0.1%  
24,422 Envision Healthcare Corp., First Out Term Loan, 12.605% (Term SOFR + 788 bps), 3/31/27 $    21,918
85,009 Envision Healthcare Corp., Second Out Term Loan, 8.83% (Term SOFR + 425 bps), 3/31/27      34,429
208,140 Envision Healthcare Corp., Third Out Term Loan, 8.33% (Term SOFR + 375 bps), 3/31/27     53,076
  Total Medical Labs & Testing Services    $109,423
  Oil-Field Services — 1.9%  
1,869,806 ProFrac Holdings II LLC, Term Loan, 12.099% (Term SOFR + 725 bps), 3/4/25 $ 1,935,250
  Total Oil-Field Services $1,935,250
  Physical Practice Management — 0.3%  
321,210 Team Health Holdings, Inc., Extended Term Loan, 9.811% (Term SOFR + 525 bps), 3/2/27 $   268,211
  Total Physical Practice Management    $268,211
1Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Recreational Centers — 0.2%  
191,703 Fitness International LLC, Term B Loan, 8.076% (Term SOFR + 325 bps), 4/18/25 $   181,074
  Total Recreational Centers    $181,074
  Telecom Services — 0.9%  
1,022,438 Patagonia Holdco LLC, Amendment No.1 Term Loan, 9.96% (Term SOFR + 575 bps), 8/1/29 $   863,960
  Total Telecom Services    $863,960
  Total Senior Secured Floating Rate Loan Interests
(Cost $5,276,918)
$4,842,955
Shares            
  Common Stocks — 0.5% of Net Assets  
  Airlines — 0.3%  
24,166(c)+ Grupo Aeromexico SAB de CV $   256,669
  Total Airlines    $256,669
  Household Durables — 0.0%  
89,094(c) Desarrolladora Homex SAB de CV $       123
  Total Household Durables        $123
  Oil, Gas & Consumable Fuels — 0.2%  
6(c) Amplify Energy Corp. $        52
218,823(c) PetroQuest Energy, Inc.      93,000
5,709(c) Summit Midstream Partners LP    100,592
  Total Oil, Gas & Consumable Fuels    $193,644
  Total Common Stocks
(Cost $684,306)
   $450,436
Principal
Amount
USD ($)
           
  Asset Backed Securities — 3.3% of Net
Assets
 
500,000 ACC Auto Trust, Series 2022-A, Class D, 10.07%, 3/15/29 (144A) $   482,352
500,000(a) Goldentree Loan Management US CLO 2, Ltd., Series 2017-2A, Class E, 9.508% (3 Month USD LIBOR + 470 bps), 11/28/30 (144A)    438,279
1,000,000 JPMorgan Chase Bank NA - CACLN, Series 2021-3, Class G, 9.812%, 2/26/29 (144A)    878,847
Pioneer Diversified High Income Fund, Inc. |  | 1/31/232

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Asset Backed Securities — (continued)  
1,000,000(a) MCF CLO VII LLC, Series 2017-3A, Class ER, 13.958% (3 Month USD LIBOR + 915 bps), 7/20/33 (144A) $   933,358
650,000 Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class E, 12.662%, 5/15/32 (144A)    627,742
  Total Asset Backed Securities
(Cost $3,613,075)
$3,360,578
  Collateralized Mortgage
Obligations—2.5% of Net Assets
 
330,000(a) Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 10.31% (SOFR30A + 600 bps), 10/25/41 (144A) $   306,751
10,458(a) DSLA Mortgage Loan Trust, Series 2005-AR6, Class 2A1C, 5.31% (1 Month USD LIBOR + 84 bps), 10/19/45      10,030
100,000(a) Fannie Mae Connecticut Avenue Securities, Series 2021-R02, Class 2B2, 10.51% (SOFR30A + 620 bps), 11/25/41 (144A)      86,949
200,000(a) Freddie Mac STACR REMIC Trust, Series 2021-DNA7, Class B2, 12.11% (SOFR30A + 780 bps), 11/25/41 (144A)    180,307
450,000(a) Freddie Mac STACR REMIC Trust, Series 2021-HQA3, Class B2, 10.56% (SOFR30A + 625 bps), 9/25/41 (144A)    370,068
280,000(a) Freddie Mac STACR REMIC Trust, Series 2022-DNA2, Class B2, 12.81% (SOFR30A + 850 bps), 2/25/42 (144A)    254,645
545,000(a) Freddie Mac STACR Trust, Series 2019-DNA3, Class B2, 12.656% (1 Month USD LIBOR + 815 bps), 7/25/49 (144A)    564,167
19,765 Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25%, 11/25/32 (144A)      13,223
500,000(d) RMF Buyout Issuance Trust, Series 2022-HB1, Class M5, 4.50%, 4/25/32 (144A)      55,625
640,000(a) STACR Trust, Series 2018-HRP2, Class B2, 15.006% (1 Month USD LIBOR + 1,050 bps), 2/25/47 (144A)    682,246
  Total Collateralized Mortgage Obligations
(Cost $3,042,172)
$2,524,011
  Commercial Mortgage-Backed
Securities—11.1% of Net Assets
 
1,000,000(d) Benchmark Mortgage Trust, Series 2020-B18, Class AGNG, 4.388%, 7/15/53 (144A) $   844,630
3Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Commercial Mortgage-Backed
Securities—(continued)
 
500,000(a) BPR Trust, Series 2021-WILL, Class E, 11.209% (1 Month USD LIBOR + 675 bps), 6/15/38 (144A) $   458,814
716,708(a) BX Trust, Series 2022-PSB, Class F, 11.811% (1 Month Term SOFR + 733 bps), 8/15/39 (144A)    719,395
570,966(a) Capital Funding Mortgage Trust, Series 2020-9, Class B, 19.269% (1 Month USD LIBOR + 1,490 bps), 11/15/23 (144A)    561,736
288,017(a) Capital Funding Mortgage Trust, Series 2021-8, Class B, 17.47% (1 Month USD LIBOR + 1,310 bps), 6/22/23 (144A)    288,017
1,000,000(a) Capital Funding Mortgage Trust, Series 2021-19, Class B, 19.58% (1 Month USD LIBOR + 1,521 bps), 11/6/23 (144A)    974,172
70,000(a) Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN1, Class B1, 12.06% (SOFR30A + 775 bps), 1/25/51 (144A)      66,200
180,000(a) Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN3, Class B1, 11.16% (SOFR30A + 685 bps), 11/25/51 (144A)    158,380
581,118(d) FREMF Mortgage Trust, Series 2019-KJ24, Class B, 7.60%, 10/25/27 (144A)    533,992
1,000,000(a) FREMF Mortgage Trust, Series 2019-KS12, Class C, 11.292% (1 Month USD LIBOR + 690 bps), 8/25/29    898,187
142,856(a) FREMF Mortgage Trust, Series 2020-KF74, Class C, 10.642% (1 Month USD LIBOR + 625 bps), 1/25/27 (144A)    127,860
450,893(a) FREMF Mortgage Trust, Series 2020-KF83, Class C, 13.392% (1 Month USD LIBOR + 900 bps), 7/25/30 (144A)    417,875
1,000,000(e) FREMF Mortgage Trust, Series 2021-KG05, Class C, 0.000%, 1/25/31 (144A)    482,835
12,333,286(f) FREMF Mortgage Trust, Series 2021-KG05, Class X2A, 0.10%, 1/25/31 (144A)      70,870
1,000,000(f) FREMF Mortgage Trust, Series 2021-KG05, Class X2B, 0.10%, 1/25/31 (144A)       5,298
7,677,726(d)(f) FRESB Mortgage Trust, Series 2020-SB79, Class X1, 1.089%, 7/25/40    318,402
500,000(d) JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class D, 4.261%, 4/15/46    419,072
750,000(a) Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class M10, 8.256% (1 Month USD LIBOR + 375 bps), 3/25/50 (144A)    707,808
Pioneer Diversified High Income Fund, Inc. |  | 1/31/234

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Commercial Mortgage-Backed
Securities—(continued)
 
900,000(d) Natixis Commercial Mortgage Securities Trust, Series 2019-FAME, Class E, 4.398%, 8/15/36 (144A) $   711,233
290,000 Palisades Center Trust, Series 2016-PLSD, Class A, 2.713%, 4/13/33 (144A)    181,250
190,616(a) Slide, Series 2018-FUN, Class E, 7.009% (1 Month USD LIBOR + 255 bps), 6/15/31 (144A)    187,692
253,975(d) Velocity Commercial Capital Loan Trust, Series 2020-1, Class M5, 4.29%, 2/25/50 (144A)    198,030
1,100,000 Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00%, 5/15/48 (144A)    769,242
1,660,500(d) Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class E, 4.596%, 11/15/48 (144A)  1,098,296
  Total Commercial Mortgage-Backed Securities
(Cost $12,501,952)
$11,199,286
  Convertible Corporate Bonds — 2.1%
of Net Assets
 
  Airlines — 0.1%  
225,000 GOL Equity Finance SA, 3.75%, 7/15/24 (144A) $   109,575
  Total Airlines    $109,575
  Banks — 0.0%  
IDR812,959,000 PT Bakrie & Brothers Tbk, 2/15/23 $     7,701
  Total Banks      $7,701
  Chemicals — 1.7%  
1,900,000(g) Hercules LLC, 6.50%, 6/30/29 $ 1,749,596
  Total Chemicals $1,749,596
  Entertainment — 0.2%  
312,000(e) DraftKings Holdings, Inc., 3/15/28 $   212,160
  Total Entertainment    $212,160
  Pharmaceuticals — 0.1%  
300,000(h) Tricida, Inc., 3.50%, 5/15/27 $    42,000
  Total Pharmaceuticals     $42,000
  Total Convertible Corporate Bonds
(Cost $2,249,289)
$2,121,032
5Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Corporate Bonds — 89.7% of Net Assets  
  Advertising — 1.0%  
645,000 Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) $   525,675
535,000 Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A)    455,141
  Total Advertising    $980,816
  Aerospace & Defense — 0.4%  
315,000 Spirit AeroSystems, Inc., 9.375%, 11/30/29 (144A) $   342,333
97,000 Triumph Group, Inc., 8.875%, 6/1/24 (144A)     98,455
  Total Aerospace & Defense    $440,788
  Airlines — 6.4%  
500,000 Gol Finance SA, 7.00%, 1/31/25 (144A) $   261,100
2,115,000 Gol Finance SA, 8.00%, 6/30/26 (144A)  1,469,925
1,510,000 Grupo Aeromexico SAB de CV, 8.50%, 3/17/27 (144A)  1,367,602
285,000 Latam Airlines Group SA, 13.375%, 10/15/29 (144A)    307,669
1,409,000 Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A)  1,406,915
585,000 Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25 (144A)    599,613
EUR1,000,000 Transportes Aereos Portugueses SA, 5.625%, 12/2/24 (144A)  1,043,565
  Total Airlines $6,456,389
  Auto Manufacturers — 0.5%  
545,000 JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A) $   538,187
  Total Auto Manufacturers    $538,187
  Auto Parts & Equipment — 0.8%  
840,000 Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) $   773,489
  Total Auto Parts & Equipment    $773,489
  Banks — 3.6%  
300,000(d) Banco de Galicia y Buenos Aires SAU, 7.962% (5 Year CMT Index + 716 bps), 7/19/26 (144A) $   291,000
1,135,000(d) Banco GNB Sudameris SA, 7.50% (5 Year CMT Index + 666 bps), 4/16/31 (144A)    887,378
685,000(d)(i) Banco Mercantil del Norte SA, 8.375% (5 Year CMT Index + 776 bps) (144A)    703,947
247,000 Freedom Mortgage Corp., 8.125%, 11/15/24 (144A)    238,980
911,000 Freedom Mortgage Corp., 8.25%, 4/15/25 (144A)    866,209
Pioneer Diversified High Income Fund, Inc. |  | 1/31/236

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Banks — (continued)  
350,000(d)(i) ING Groep NV, 6.50% (5 Year USD Swap Rate + 445 bps) $   342,149
225,000(d)(i) Intesa Sanpaolo S.p.A., 7.70% (5 Year USD Swap Rate + 546 bps) (144A)    212,399
200,000 Sberbank of Russia Via SB Capital SA, 5.25%, 5/23/23 (144A)      64,288
865,000(d)(i) Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A)     24,328
  Total Banks $3,630,678
  Biotechnology — 0.3%  
EUR345,000 Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) $   337,129
  Total Biotechnology    $337,129
  Building Materials — 0.5%  
199,000 Koppers, Inc., 6.00%, 2/15/25 (144A) $   196,015
375,000 Oscar AcquisitionCo LLC/Oscar Finance, Inc., 9.50%, 4/15/30 (144A)    335,625
  Total Building Materials    $531,640
  Chemicals — 2.3%  
425,000 Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) $   314,755
425,000 LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A)    348,753
EUR420,000 Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A)    386,971
300,000 LYB Finance Co. BV, 8.10%, 3/15/27 (144A)    331,599
379,000 Mativ Holdings, Inc., 6.875%, 10/1/26 (144A)    350,575
280,000 Olin Corp., 9.50%, 6/1/25 (144A)    298,093
336,000 Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A)    315,930
  Total Chemicals $2,346,676
  Commercial Services — 5.8%  
245,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A) $   235,874
585,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A)    558,675
1,384,000 Atento Luxco 1 SA, 8.00%, 2/10/26 (144A)    750,128
473,000 Garda World Security Corp., 6.00%, 6/1/29 (144A)    394,813
958,000 Garda World Security Corp., 9.50%, 11/1/27 (144A)    946,110
625,000 Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A)    607,518
410,000 PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29 (144A)    312,625
935,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A)    886,754
7Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Commercial Services — (continued)  
MXN3,375,000 Red de Carreteras de Occidente SAB de CV, 9.00%, 6/10/28 (144A) $   167,371
558,000 Sotheby's, 7.375%, 10/15/27 (144A)    535,944
411,000 Verscend Escrow Corp., 9.75%, 8/15/26 (144A)    412,429
  Total Commercial Services $5,808,241
  Computers — 0.5%  
880,113(j) Diebold Nixdorf, Inc., 8.50% (8.50% PIK or 12.50% PIK or 8.50% Cash), 10/15/26 (144A) $   448,858
82,400 Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A)     54,173
  Total Computers    $503,031
  Diversified Financial Services — 7.4%  
1,000,000 ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) $   975,000
380,624(j) Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A)    325,433
1,110,000 Bread Financial Holdings, Inc., 7.00%, 1/15/26 (144A)  1,020,921
275,000(h) Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A)      22,861
530,000 Financiera Independencia SAB de CV SOFOM ENR, 8.00%, 7/19/24 (144A)    348,627
EUR235,000 Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A)    194,165
GBP400,000 Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A)    373,554
1,112,739(j) Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A)  1,015,468
EUR840,000 Intrum AB, 9.25%, 3/15/28 (144A)    940,602
355,000 PHH Mortgage Corp., 7.875%, 3/15/26 (144A)    323,858
1,174,000(h) Unifin Financiera SAB de CV, 8.375%, 1/27/28 (144A)      46,256
865,000 United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A)    776,533
465,000 VistaJet Malta Finance Plc/XO Management Holding, Inc., 6.375%, 2/1/30 (144A)    410,083
745,000 VistaJet Malta Finance Plc/XO Management Holding, Inc., 7.875%, 5/1/27 (144A)    722,650
  Total Diversified Financial Services $7,496,011
  Electric — 0.5%  
400,000 Cemig Geracao e Transmissao SA, 9.25%, 12/5/24 (144A) $   409,032
Pioneer Diversified High Income Fund, Inc. |  | 1/31/238

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Electric — (continued)  
63,574 NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A) $    62,405
7,000 Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A)      6,760
  Total Electric    $478,197
  Electrical Components & Equipments — 0.6%  
350,000 WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) $   355,600
245,000 WESCO Distribution, Inc., 7.25%, 6/15/28 (144A)    251,046
  Total Electrical Components & Equipments    $606,646
  Energy-Alternate Sources — 0.1%  
93,765(j) SCC Power Plc, 4.00% (4.00% PIK or 4.00% Cash), 5/17/32 (144A) $     3,844
173,104(j) SCC Power Plc, 8.00% (4.00% PIK & 4.00% Cash or 8.00% Cash), 12/31/28 (144A)     53,126
  Total Energy-Alternate Sources     $56,970
  Engineering & Construction — 2.0%  
200,000 Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 3/30/29 (144A) $   198,500
1,148,816 Artera Services LLC, 9.033%, 12/4/25 (144A)    982,192
230,000 IHS Holding, Ltd., 6.25%, 11/29/28 (144A)    187,928
EUR360,000 Promontoria Holding 264 BV, 6.375%, 3/1/27 (144A)    370,005
280,000 Promontoria Holding 264 BV, 7.875%, 3/1/27 (144A)    264,888
  Total Engineering & Construction $2,003,513
  Entertainment — 1.6%  
EUR325,000 Lottomatica S.p.A./Roma, 9.75%, 9/30/27 (144A) $   373,642
700,000 Mohegan Tribal Gaming Authority, 8.00%, 2/1/26 (144A)    665,000
295,000 Scientific Games International, Inc., 7.00%, 5/15/28 (144A)    292,048
295,000 Scientific Games International, Inc., 7.25%, 11/15/29 (144A)    295,782
  Total Entertainment $1,626,472
  Environmental Control — 0.4%  
367,000 Tervita Corp., 11.00%, 12/1/25 (144A) $   397,736
  Total Environmental Control    $397,736
9Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Food — 1.5%  
555,000 Aragvi Finance International DAC, 8.45%, 4/29/26 (144A) $   414,652
1,310,000 Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A)  1,052,912
  Total Food $1,467,564
  Forest Products & Paper — 1.1%  
1,175,000 Sylvamo Corp., 7.00%, 9/1/29 (144A) $ 1,123,488
  Total Forest Products & Paper $1,123,488
  Healthcare-Products — 0.2%  
239,000 Varex Imaging Corp., 7.875%, 10/15/27 (144A) $   237,736
  Total Healthcare-Products    $237,736
  Healthcare-Services — 2.9%  
445,000 Auna SAA, 6.50%, 11/20/25 (144A) $   379,841
550,000 Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A)    484,378
357,000 RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26 (144A)    313,028
626,000 Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A)    638,510
765,000 US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A)    692,019
1,165,000 US Renal Care, Inc., 10.625%, 7/15/27 (144A)    378,625
  Total Healthcare-Services $2,886,401
  Home Builders — 0.8%  
885,000 Beazer Homes USA, Inc., 7.25%, 10/15/29 $   817,519
  Total Home Builders    $817,519
  Home Furnishings — 0.9%  
EUR930,000 International Design Group S.p.A., 6.50%, 11/15/25 (144A) $   933,603
  Total Home Furnishings    $933,603
  Insurance — 5.2%  
4,600,000 Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) $ 5,242,213
  Total Insurance $5,242,213
  Iron & Steel — 2.5%  
845,000 Carpenter Technology Corp., 7.625%, 3/15/30 $   867,308
200,000 Metinvest BV, 7.75%, 4/23/23 (144A)    164,336
1,345,000 Metinvest BV, 7.75%, 10/17/29 (144A)    657,421
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2310

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Iron & Steel — (continued)  
130,000 Mineral Resources, Ltd., 8.50%, 5/1/30 (144A) $   134,306
870,000 TMS International Corp., 6.25%, 4/15/29 (144A)    653,490
  Total Iron & Steel $2,476,861
  Leisure Time — 2.0%  
100,000 Carnival Corp., 7.625%, 3/1/26 (144A) $    91,000
EUR130,000 Carnival Corp., 7.625%, 3/1/26 (144A)    127,253
135,000 Carnival Corp., 10.50%, 2/1/26 (144A)    141,198
120,000 Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A)    129,600
400,000 NCL Corp., Ltd., 5.875%, 3/15/26 (144A)    345,992
170,000 NCL Finance, Ltd., 6.125%, 3/15/28 (144A)    138,125
178,000 Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A)    191,133
595,000 Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A)    631,411
245,000 Viking Cruises, Ltd., 6.25%, 5/15/25 (144A)    223,036
  Total Leisure Time $2,018,748
  Media — 1.7%  
400,000 CSC Holdings LLC, 5.375%, 2/1/28 (144A) $   337,500
1,660,000 McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A)  1,423,450
  Total Media $1,760,950
  Metal Fabricate/Hardware — 0.3%  
385,000 Park-Ohio Industries, Inc., 6.625%, 4/15/27 $   282,881
  Total Metal Fabricate/Hardware    $282,881
  Mining — 1.2%  
883,000 Eldorado Gold Corp., 6.25%, 9/1/29 (144A) $   809,170
400,000 First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A)    387,750
  Total Mining $1,196,920
  Oil & Gas — 15.3%  
1,160,000 Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) $ 1,154,200
1,685,000 Baytex Energy Corp., 8.75%, 4/1/27 (144A)  1,743,621
294,000 Cenovus Energy, Inc., 6.75%, 11/15/39    322,047
1,510,000 Energean Plc, 6.50%, 4/30/27 (144A)  1,413,058
383,000 International Petroleum Corp., 7.25%, 2/1/27 (144A)    361,552
405,000 Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A)    360,410
11Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Oil & Gas — (continued)  
1,309,271 MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A) $ 1,142,059
605,000 Murphy Oil Corp., 6.375%, 7/15/28    598,326
140,000 Nabors Industries, Inc., 7.375%, 5/15/27 (144A)    140,182
515,000 Nabors Industries, Ltd., 7.50%, 1/15/28 (144A)    490,903
603,000 Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A)    595,463
955,000 Occidental Petroleum Corp., 4.40%, 4/15/46    782,503
695,000 Permian Resources Operating LLC, 7.75%, 2/15/26 (144A)    694,583
674,000 Petroleos Mexicanos, 6.70%, 2/16/32    559,464
271,000 Precision Drilling Corp., 6.875%, 1/15/29 (144A)    261,038
395,000 Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A)    373,275
480,000 Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A)    481,200
900,000 SierraCol Energy Andina LLC, 6.00%, 6/15/28 (144A)    742,481
860,000 Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)    733,150
120,000 Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A)    124,526
785,000 Tullow Oil Plc, 10.25%, 5/15/26 (144A)    677,063
805,000 Vermilion Energy, Inc., 6.875%, 5/1/30 (144A)    742,612
1,195,000 YPF SA, 6.95%, 7/21/27 (144A)    951,574
  Total Oil & Gas $15,445,290
  Oil & Gas Services — 1.1%  
521,000 Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) $   510,580
630,000 Enerflex, Ltd., 9.00%, 10/15/27 (144A)    641,668
  Total Oil & Gas Services $1,152,248
  Packaging & Containers — 0.5%  
EUR425,000 Fiber Bidco S.p.A., 11.00%, 10/25/27 (144A) $   500,360
  Total Packaging & Containers    $500,360
  Pharmaceuticals — 1.5%  
234,000(h) Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.50%, 7/31/27 (144A) $    35,685
790,000 P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A)    643,228
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2312

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Pharmaceuticals — (continued)  
381,000 Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) $   298,136
493,000 Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23    486,423
  Total Pharmaceuticals $1,463,472
  Pipelines — 6.2%  
815,000 Acu Petroleo Luxembourg S.a.r.l., 7.50%, 1/13/32 (144A) $   767,111
230,000 DCP Midstream Operating LP, 5.60%, 4/1/44    229,834
555,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25    541,125
510,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A)    467,793
450,000(a) Energy Transfer LP, 7.831% (3 Month USD LIBOR + 302 bps), 11/1/66    362,391
915,000(d)(i) Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)    835,852
118,000 EnLink Midstream Partners LP, 5.05%, 4/1/45      92,765
145,000 EnLink Midstream Partners LP, 5.45%, 6/1/47    120,617
344,000 EnLink Midstream Partners LP, 5.60%, 4/1/44    288,131
365,000 Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27    360,328
197,000 Global Partners LP/GLP Finance Corp., 7.00%, 8/1/27    189,145
845,000 Harvest Midstream I LP, 7.50%, 9/1/28 (144A)    831,269
1,175,000 Williams Cos., Inc., 5.75%, 6/24/44  1,198,588
  Total Pipelines $6,284,949
  REITs — 1.0%  
890,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A) $   589,930
386,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A)    380,951
10,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A)      6,950
  Total REITs    $977,831
  Retail — 0.9%  
575,000 AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A) $   556,312
389,000 Staples, Inc., 7.50%, 4/15/26 (144A)    345,646
  Total Retail    $901,958
13Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Software — 0.4%  
505,000 AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) $   418,399
  Total Software    $418,399
  Telecommunications — 4.5%  
695,000 Altice France Holding SA, 6.00%, 2/15/28 (144A) $   468,924
607,000 Altice France Holding SA, 10.50%, 5/15/27 (144A)    521,261
200,000 Altice France SA, 8.125%, 2/1/27 (144A)    187,488
58,926(j) Digicel International Finance Ltd/Digicel international Holdings, Ltd., 13.00% (7.00% PIK or 6.00% Cash), 12/31/25 (144A)      29,219
750,000 Digicel, Ltd., 6.75%, 3/1/23    281,250
836,000 Kenbourne Invest SA, 6.875%, 11/26/24 (144A)    776,435
850,000 Sprint LLC, 7.625%, 3/1/26    899,017
850,000 Total Play Telecomunicaciones SA de CV, 6.375%, 9/20/28 (144A)    719,432
875,000 Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A)    708,339
  Total Telecommunications $4,591,365
  Transportation — 3.0%  
1,245,000 Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) $   903,391
655,000 Danaos Corp., 8.50%, 3/1/28 (144A)    627,689
400,000 Simpar Europe SA, 5.20%, 1/26/31 (144A)    291,800
575,000 Watco Cos. LLC/Watco Finance Corp., 6.50%, 6/15/27 (144A)    542,869
965,000 Western Global Airlines LLC, 10.375%, 8/15/25 (144A)    675,500
  Total Transportation $3,041,249
  Trucking & Leasing — 0.3%  
325,000 Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) $   334,112
  Total Trucking & Leasing    $334,112
  Total Corporate Bonds
(Cost $99,899,678)
$90,568,726
Shares            
  Preferred Stock — 0.6% of Net Assets  
  Capital Markets — 0.0%  
1,322 B Riley Financial, Inc., 6.75%, 5/31/24 $    32,825
  Total Capital Markets     $32,825
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2314

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Shares           Value
  Diversified Financial Services — 0.5%  
500(d)(i) Compeer Financial ACA, 6.75% (3 Month USD LIBOR + 458 bps) (144A) $   485,000
  Total Diversified Financial Services    $485,000
  Internet — 0.1%  
50,188 MYT Holding LLC, 10.00%, 6/6/29 $    35,759
  Total Internet     $35,759
  Total Preferred Stock
(Cost $624,106)
   $553,584
  Right/Warrant — 0.0% of Net Assets  
  Aerospace & Defense — 0.0%  
GBP6,475(c) Avation Plc, 1/1/59 $     3,113
  Total Aerospace & Defense      $3,113
  Total Right/Warrant
(Cost $—)
     $3,113
Principal
Amount
USD ($)
           
  Insurance-Linked Securities — 18.2% of
Net Assets#
 
  Event Linked Bonds — 6.5%  
  Inland Flood – U.S. — 0.5%  
250,000(a) FloodSmart Re, 15.879%, (3 Month U.S. Treasury Bill + 1,125 bps), 2/25/25 (144A) $   232,500
250,000(a) FloodSmart Re, 18.194%, (3 Month U.S. Treasury Bill + 1,358 bps), 3/1/24 (144A)    230,125
               $462,625
  Multiperil – U.S. — 1.9%  
400,000(a) Caelus Re V, 4.674%, (1 Month U.S. Treasury Bill + 10 bps), 6/5/24 (144A) $    32,000
250,000(a) Caelus Re V, 4.714%, (3 Month U.S. Treasury Bill + 10 bps), 6/9/25 (144A)          25
250,000(a) Four Lakes Re, 11.914%, (3 Month U.S. Treasury Bill + 730 bps), 1/5/24 (144A)    228,850
250,000(a) Four Lakes Re, 14.774%, (3 Month U.S. Treasury Bill + 1,016 bps), 1/5/24 (144A)    210,000
500,000(a) Matterhorn Re, 12.073%, (SOFR + 775 bps), 3/24/25 (144A)    431,750
500,000(a) Residential Reinsurance 2021, 16.539%, (3 Month U.S. Treasury Bill + 1,191 bps), 12/6/25 (144A)    447,500
15Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Principal
Amount
USD ($)
          Value
  Multiperil – U.S. — (continued)  
375,000(a) Residential Reinsurance 2022, 11.629%, (3 Month U.S. Treasury Bill + 700 bps), 12/6/26 (144A) $   372,037
250,000(a) Residential Reinsurance Re 2019, 17.019%, (3 Month U.S. Treasury Bill + 1,239 bps), 12/6/23 (144A)    236,725
             $1,958,887
  Multiperil – U.S. & Canada — 2.4%  
250,000(a) Hypatia, 11.948%, (3 Month U.S. Treasury Bill + 733 bps), 6/7/23 (144A) $   242,250
750,000(a) Hypatia, 14.898%, (3 Month U.S. Treasury Bill + 1,028 bps), 6/7/23 (144A)    719,100
250,000(a) Kilimanjaro III Re, 16.989%, (3 Month U.S. Treasury Bill + 1,125 bps), 4/21/25 (144A)    202,500
250,000(a) Kilimanjaro III Re, 16.989%, (3 Month U.S. Treasury Bill + 1,125 bps), 4/20/26 (144A)    191,875
250,000(a) Matterhorn Re, 10.024%, (SOFR + 575 bps), 12/8/25 (144A)    202,625
250,000(a) Mona Lisa Re, 17.114%, (3 Month U.S. Treasury Bill + 1250 bps), 1/8/26 (144A)    249,750
250,000(a) Mystic Re IV, 10.439%, (3 Month U.S. Treasury Bill + 581 bps), 1/8/25 (144A)    227,650
500,000(a) Mystic Re IV, 11.69%, (3 Month U.S. Treasury Bill + 1,169 bps), 1/8/25 (144A)    397,500
             $2,433,250
  Pandemic – U.S — 0.2%  
250,000(a) Vitality Re XI, 6.423%, (3 Month U.S. Treasury Bill + 180 bps), 1/9/24 (144A) $   242,500
  Windstorm – Florida — 0.2%  
250,000(a) Integrity Re, 11.614%, (3 Month U.S. Treasury Bill + 700 bps), 6/6/25 (144A) $   212,500
  Windstorm - Mexico — 0.2%  
250,000(a) International Bank for Reconstruction & Development, 8.707%, (SOFRINDX + 440 bps), 12/29/23 (144A) $   241,325
  Windstorm - North Carolina — 0.5%  
250,000(a) Cape Lookout Re, 7.834%, (1 Month U.S. Treasury Bill + 325 bps), 3/22/24 (144A) $   235,500
250,000(a) Cape Lookout Re, 9.614%, (3 Month U.S. Treasury Bill + 500 bps), 3/28/25 (144A)    232,850
               $468,350
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2316

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Windstorm - Texas — 0.3%  
250,000(a) Alamo Re II, 10.149%, (1 Month U.S. Treasury Bill + 552 bps), 6/8/23 (144A) $   249,500
  Windstorm – U.S. — 0.3%  
250,000(a) Bonanza Re, 12.873%, (3 Month U.S. Treasury Bill + 825 bps), 1/8/26 (144A) $   249,750
  Total Event Linked Bonds  $6,518,687
Face
Amount
USD ($)
           
  Collateralized Reinsurance — 3.8%  
  Multiperil – Massachusetts — 0.2%  
250,000(c)(k)+ Portsalon Re 2022, 5/31/28 $   229,230
  Multiperil – U.S. — 0.7%  
250,000(c)(k)+ Ballybunion Re 2020, 2/28/23 $    28,244
100,000(c)(k)+ Ballybunion Re 2021-3, 7/31/25       4,472
264,839(c)(k)+ Ballybunion Re 2022, 12/31/27    269,434
250,000(c)(k)+ Ballybunion Re 2022-2, 5/31/28    253,877
97,898(c)(k)+ Ballybunion Re 2022-3, 6/30/28    100,240
               $656,267
  Multiperil – Worldwide — 2.2%  
250,000(k)+ Amaranth Re 2023, 12/31/28 $   212,458
250,000(c)(k)+ Celadon Re 2022, 3/31/28    244,067
650,000(c)(k)+ Cypress Re 2017, 1/31/24          65
462,683(c)(k)+ Dartmouth Re 2018, 1/31/24      82,739
100,000(c)(k)+ Dartmouth Re 2021, 12/31/24      56,920
250,000(c)(k)+ Gamboge Re 2022, 3/31/28    246,035
27,000(c)(k)+ Limestone Re 2019-2, 3/1/23 (144A)          —
500,000(k)+ Merion Re 2023-1, 12/31/28    449,255
250,000(c)(k)+ Old Head Re 2022, 12/31/27    125,000
250,000(k)+ Old Head Re 2023, 12/31/28    175,882
250,000(k)+ Porthcawl Re 2023, 12/31/28    201,681
700,000(c)(k)+ Resilience Re, 5/1/23          —
250,000(c)(k)+ Walton Health Re 2019, 6/30/23    135,667
250,000(c)(k)+ Walton Health Re 2022, 12/15/27    236,399
             $2,166,168
17Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Face
Amount
USD ($)
          Value
  Windstorm – Florida — 0.5%  
383,000(c)(k)+ Isosceles Re 2022, 5/31/28 $   382,540
750,000(c)(k)+ Portrush Re 2017, 6/15/23    159,525
               $542,065
  Windstorm – U.S. Regional — 0.2%  
1,015,734(c)(k)+ Oakmont Re 2020, 4/30/24 $        —
750,000(c)(k)+ Oakmont Re 2022, 4/1/28    235,879
               $235,879
  Total Collateralized Reinsurance $3,829,609
  Reinsurance Sidecars — 7.9%  
  Multiperil – U.S. — 0.3%  
250,000(c)(k)+ Carnoustie Re 2020, 12/31/23 $    33,900
231,715(c)(k)+ Carnoustie Re 2021, 12/31/24      10,983
223,952(c)(k)+ Carnoustie Re 2022, 12/31/27    237,286
1,000,000(c)(l)+ Harambee Re 2018, 12/31/24          —
1,000,000(l)+ Harambee Re 2019, 12/31/24         900
500,000(l)+ Harambee Re 2020, 12/31/23      6,950
               $290,019
  Multiperil – U.S. Regional — 0.0%  
250,000(c)(k)+ Brotherhood Re, 1/31/24 $        —
  Multiperil – Worldwide — 7.6%  
3,037(l)+ Alturas Re 2019-2, 3/10/23 $       914
24,550(l)+ Alturas Re 2019-3, 9/12/23         307
60,078(l)+ Alturas Re 2020-2, 3/10/23       8,777
225,450(l)+ Alturas Re 2020-3, 9/30/24          —
439,922(c)(l)+ Alturas Re 2021-2, 12/31/24          —
213,682(c)(l)+ Alturas Re 2021-3, 7/31/25      45,215
351,092(c)(l)+ Alturas Re 2022-2, 12/31/27    329,219
492,000(c)(k)+ Bantry Re 2019, 12/31/24       8,373
500,000(c)(k)+ Bantry Re 2021, 12/31/24      44,696
417,157(c)(k)+ Bantry Re 2022, 12/31/27      48,749
386,213(k)+ Bantry Re 2023, 12/31/28    389,152
1,579,039(c)(k)+ Berwick Re 2018-1, 12/31/24    122,060
1,128,124(c)(k)+ Berwick Re 2019-1, 12/31/24    179,936
993,323(c)(k)+ Berwick Re 2020-1, 12/31/23          99
750,000(c)(k)+ Berwick Re 2022, 12/31/27    751,050
7,125(c)(k)+ Eden Re II, 3/22/23 (144A)       6,011
70,000(c)(k)+ Eden Re II, 3/22/24 (144A)      27,020
63,268(c)(k)+ Eden Re II, 3/21/25 (144A)      35,936
80,000(c)(k)+ Eden Re II, 3/20/26 (144A)      52,080
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2318

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
300,000(k)+ Eden Re II, 3/19/27 (144A) $   300,000
250,000(c)(k)+ Gleneagles Re 2018, 12/31/24      27,592
250,000(c)(k)+ Gleneagles Re 2021, 12/31/24      55,572
250,000(c)(k)+ Gleneagles Re 2022, 12/31/27    257,813
1,059,157(c)(k)+ Gullane Re 2018, 12/31/24      50,018
1,000,000(k)+ Gullane Re 2023, 12/31/28  1,008,819
250,000(c)(l)+ Lion Rock Re 2020, 1/31/24          —
250,000(c)(l)+ Lion Rock Re 2021, 12/31/24      52,325
498,977(c)(l)+ Lorenz Re 2019, 6/30/23         898
500,000(c)(k)+ Merion Re 2018-2, 12/31/24      75,700
500,000(c)(k)+ Merion Re 2021-2, 12/31/24      98,250
363,953(c)(k)+ Merion Re 2022-2, 12/31/27    345,068
735,313(c)(k)+ Pangaea Re 2019-3, 7/1/23      26,450
746,905(c)(k)+ Pangaea Re 2022-1, 12/31/27      24,815
250,000(c)(k)+ Pangaea Re 2022-3, 5/31/28    258,750
750,000(k)+ Pangaea Re 2023-1, 12/31/28    758,566
250,000(k)+ Phoenix 3 Re 2023-3, 1/4/29    250,000
200,000(k)+ Sector Re V, 3/1/24 (144A)      97,070
25,000(k)+ Sector Re V, 12/1/24 (144A)      41,720
15,000(k)+ Sector Re V, 12/1/26 (144A)      67,138
4,500(k)+ Sector Re V, 12/1/26 (144A)      20,129
500,000(k)+ Sector Re V, 12/1/27 (144A)    514,687
515,671(k)+ Sussex Re 2020-1, 12/31/24         774
250,000(k)+ Sussex Re 2021-1, 12/31/24      22,700
500,000(c)(k)+ Sussex Re 2022, 12/31/27    172,500
313,499(l)+ Thopas Re 2019, 12/31/24         533
300,000(c)(l)+ Thopas Re 2020, 12/31/23          —
250,000(l)+ Thopas Re 2021, 12/31/24       4,025
250,000(c)(l)+ Thopas Re 2022, 12/31/27    270,175
375,860(l)+ Torricelli Re 2021, 7/31/25      21,123
500,000(c)(l)+ Torricelli Re 2022, 6/30/28    503,100
500,000(k)+ Versutus Re 2018, 12/31/24         800
441,274(k)+ Versutus Re 2019-A, 12/31/24          —
58,727(k)+ Versutus Re 2019-B, 12/31/24          —
500,000(c)(l)+ Viribus Re 2018, 12/31/24          —
212,306(l)+ Viribus Re 2019, 12/31/24       1,507
240,783(c)(l)+ Viribus Re 2020, 12/31/23      10,595
221,888(c)(l)+ Viribus Re 2022, 12/31/27    226,326
507,289(c)(k)+ Woburn Re 2018, 12/31/24      16,157
499,829(c)(k)+ Woburn Re 2019, 12/31/24     95,028
             $7,726,317
19Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Face
Amount
USD ($)
          Value  
  Multiperil – Worldwide — (continued)    
  Total Reinsurance Sidecars $8,016,336  
  Industry Loss Warranties — 0.0%    
  Windstorm – U.S. — 0.0%    
250,000(c)(k)+ Ballylifin Re 2022, 5/31/28 $     1,150  
  Total Industry Loss Warranties      $1,150  
  Total Insurance-Linked Securities
(Cost $20,403,094)
$18,365,782  
Principal
Amount
USD ($)
           
  Foreign Government Bonds — 1.8% of
Net Assets
 
  Angola — 0.4%  
448,000 Angolan Government International Bond, 8.250%, 5/9/28 (144A) $   423,584
  Total Angola    $423,584
  Ghana — 0.3%  
320,000(h) Ghana Government International Bond, 7.875%, 2/11/35 (144A) $   117,408
500,000(h) Ghana Government International Bond, 8.627%, 6/16/49    178,750
  Total Ghana    $296,158
  Mexico — 0.9%  
MXN18,385,500 Mexican Bonos, 8.000%, 12/7/23 $   954,644
  Total Mexico    $954,644
  Ukraine — 0.2%  
750,000 Ukraine Government International Bond, 8.994%, 2/1/26 (144A) $   169,041
  Total Ukraine    $169,041
  Total Foreign Government Bonds
(Cost $2,990,159)
$1,843,427
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2320

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Shares           Value
  SHORT TERM INVESTMENTS — 4.0% of Net
Assets
 
  Open-End Fund — 4.0%  
4,018,242(m) Dreyfus Government Cash Management,
  Institutional Shares, 4.23%
$ 4,018,242
             $4,018,242
  TOTAL SHORT TERM INVESTMENTS
(Cost $4,018,242)
$4,018,242
Number of
Contracts
Description Counterparty Amount Strike
Price
Expiration
Date
 
  Over The Counter (OTC) Currency Put Option Purchased — 0.0%  
1,350,000 Put EUR Call USD Goldman Sachs & Co. EUR 28,531 EUR 1.02 11/28/23 $10,942
  Total Over The Counter (OTC) Currency Put Option Purchased
(Premiums paid $ 28,531)
$10,942
  TOTAL OPTIONS PURCHASED
(Premiums paid $ 28,531)
$10,942
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 138.6%
(Cost $155,331,522)
$139,862,114
  Over The Counter (OTC) Currency Call Option Written — (0.1%)  
1,350,000 Call EUR Put USD Citibank NA EUR 28,531 EUR 1.10 11/28/23 $(44,340)
  Total Over The Counter (OTC) Currency Call Option Written
(Premiums received $(28,531))
$(44,340)
  OTHER ASSETS AND LIABILITIES — (38.5)% $(38,888,324)
  net assets — 100.0% $100,929,450
             
bps Basis Points.
CMT Constant Maturity Treasury Index.
FREMF Freddie Mac Multifamily Fixed-Rate Mortgage Loans.
FRESB Freddie Mac Multifamily Small Balance Certificates.
LIBOR London Interbank Offered Rate.
REIT Real Estate Investment Trust.
SOFR Secured Overnight Financing Rate.
SOFR30A Secured Overnight Financing Rate 30 Day Average.
21Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

(144A) Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At January 31, 2023, the value of these securities amounted to $104,534,333, or 103.6% of net assets.
(a) Floating rate note. Coupon rate, reference index and spread shown at January 31, 2023.
(b) This term loan will settle after January 31, 2023, at which time the interest rate will be determined.
(c) Non-income producing security.
(d) The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at January 31, 2023.
(e) Security issued with a zero coupon. Income is recognized through accretion of discount.
(f) Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities.
(g) Security is priced as a unit.
(h) Security is in default.
(i) Security is perpetual in nature and has no stated maturity date.
(j) Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
(k) Issued as participation notes.
(l) Issued as preference shares.
(m) Rate periodically changes. Rate disclosed is the 7-day yield at January 31, 2023.
* Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at January 31, 2023.
+ Security is valued using significant unobservable inputs (Level 3).
Amount rounds to less than 0.1%.
# Securities are restricted as to resale.
Restricted Securities Acquisition date Cost Value
Alamo Re II 5/29/2020 $250,000 $249,500
Alturas Re 2019-2 12/19/2018 3,037 914
Alturas Re 2019-3 6/26/2019 24,550 307
Alturas Re 2020-2 1/1/2020 60,078 8,777
Alturas Re 2020-3 8/3/2020
Alturas Re 2021-2 2/16/2021 22,989
Alturas Re 2021-3 8/16/2021 72,797 45,215
Alturas Re 2022-2 1/18/2022 351,092 329,219
Amaranth Re 2023 1/27/2023 208,962 212,458
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2322

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Restricted Securities Acquisition date Cost Value
Ballybunion Re 2020 12/31/2019 $17,156 $28,244
Ballybunion Re 2021-3 8/2/2021 2,102 4,472
Ballybunion Re 2022 3/9/2022 264,839 269,434
Ballybunion Re 2022-2 8/9/2022 250,000 253,877
Ballybunion Re 2022-3 8/9/2022 97,898 100,240
Ballylifin Re 2022 7/15/2022 203,625 1,150
Bantry Re 2019 2/1/2019 8,373
Bantry Re 2021 1/11/2021 51,839 44,696
Bantry Re 2022 2/2/2022 30,944 48,749
Bantry Re 2023 1/12/2023 386,213 389,152
Berwick Re 2018-1 1/10/2018 230,646 122,060
Berwick Re 2019-1 12/31/2018 134,801 179,936
Berwick Re 2020-1 9/24/2020 99
Berwick Re 2022 12/31/2021 750,000 751,050
Bonanza Re 1/6/2023 250,000 249,750
Brotherhood Re 1/22/2018 40,341
Caelus Re V 4/27/2017 400,000 32,000
Caelus Re V 5/4/2018 250,000 25
Cape Lookout Re 3/9/2021 250,000 235,500
Cape Lookout Re 3/16/2022 250,000 232,850
Carnoustie Re 2020 7/16/2020 11,377 33,900
Carnoustie Re 2021 1/25/2021 7,764 10,983
Carnoustie Re 2022 1/20/2022 223,952 237,286
Celadon Re 2022 9/13/2022 212,650 244,067
Cypress Re 2017 1/24/2017 2,185 65
Dartmouth Re 2018 1/18/2018 173,152 82,739
Dartmouth Re 2021 1/19/2021 37,395 56,920
Eden Re II 1/22/2019 835 6,011
Eden Re II 12/23/2019 57,847 27,020
Eden Re II 1/25/2021 63,268 35,936
Eden Re II 1/21/2022 80,000 52,080
Eden Re II 1/17/2023 300,000 300,000
FloodSmart Re 2/8/2022 248,173 230,125
FloodSmart Re 2/14/2022 250,000 232,500
Four Lakes Re 11/5/2020 250,000 228,850
Four Lakes Re 11/5/2020 250,000 210,000
Gamboge Re 2022 4/11/2022 224,823 246,035
Gleneagles Re 2018 1/11/2018 18,085 27,592
Gleneagles Re 2021 1/13/2021 60,146 55,572
Gleneagles Re 2022 1/18/2022 250,000 257,813
Gullane Re 2018 3/26/2018 50,018
Gullane Re 2023 1/10/2023 1,000,000 1,008,819
Harambee Re 2018 12/19/2017 21,232
Harambee Re 2019 12/20/2018 900
23Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

Restricted Securities Acquisition date Cost Value
Harambee Re 2020 2/27/2020 $$6,950
Hypatia 7/10/2020 755,567 719,100
Hypatia 4/9/2021 252,015 242,250
Integrity Re 5/9/2022 250,000 212,500
International Bank for Reconstruction & Development 7/19/2021 250,000 241,325
Isosceles Re 2022 8/11/2022 358,351 382,540
Kilimanjaro III Re 4/8/2021 250,000 202,500
Kilimanjaro III Re 4/8/2021 250,000 191,875
Limestone Re 2019-2 6/20/2018 230
Lion Rock Re 2020 12/30/2019
Lion Rock Re 2021 3/1/2021 107,115 52,325
Lorenz Re 2019 6/26/2019 109,428 898
Matterhorn Re 12/15/2021 250,000 202,625
Matterhorn Re 3/10/2022 500,000 431,750
Merion Re 2018-2 12/28/2017 20,576 75,700
Merion Re 2021-2 12/28/2020 136,047 98,250
Merion Re 2022-2 3/1/2022 363,953 345,068
Merion Re 2023-1 1/11/2023 441,808 449,255
Mona Lisa Re 12/30/2022 250,000 249,750
Mystic Re IV 6/9/2021 500,000 397,500
Mystic Re IV 10/26/2021 248,977 227,650
Oakmont Re 2020 12/3/2020
Oakmont Re 2022 5/9/2022 172,533 235,879
Old Head Re 2022 1/6/2022 188,288 125,000
Old Head Re 2023 1/11/2023 168,991 175,882
Pangaea Re 2019-3 7/25/2019 22,059 26,450
Pangaea Re 2022-1 1/11/2022 24,815
Pangaea Re 2022-3 6/15/2022 250,000 258,750
Pangaea Re 2023-1 1/23/2023 750,000 758,566
Phoenix 3 Re 2023-3 12/21/2020 250,000 250,000
Porthcawl Re 2023 1/23/2023 197,811 201,681
Portrush Re 2017 6/12/2017 575,239 159,525
Portsalon Re 2022 7/15/2022 202,158 229,230
Residential Reinsurance 2021 10/28/2021 500,000 447,500
Residential Reinsurance 2022 11/22/2022 375,000 372,037
Residential Reinsurance Re 2019 11/5/2019 250,000 236,725
Resilience Re 2/8/2017 339
Sector Re V 4/23/2019 136,505 97,070
Sector Re V 12/4/2019 723 41,720
Sector Re V 12/6/2021 15,000 67,138
Sector Re V 1/5/2022 4,500 20,129
Sector Re V 12/30/2022 500,000 514,687
Sussex Re 2020-1 1/21/2020 774
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2324

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Restricted Securities Acquisition date Cost Value
Sussex Re 2021-1 1/26/2021 $21,702 $22,700
Sussex Re 2022 1/5/2022 150,000 172,500
Thopas Re 2019 2/13/2019 533
Thopas Re 2020 12/30/2019
Thopas Re 2021 1/22/2021 4,025
Thopas Re 2022 2/15/2022 250,000 270,175
Torricelli Re 2021 7/2/2021 21,123
Torricelli Re 2022 7/26/2022 500,000 503,100
Versutus Re 2018 12/20/2017 800
Versutus Re 2019-A 1/28/2019
Versutus Re 2019-B 12/24/2018
Viribus Re 2018 12/22/2017 10,559
Viribus Re 2019 3/25/2019 1,507
Viribus Re 2020 3/12/2020 24,541 10,595
Viribus Re 2022 4/18/2022 221,888 226,326
Vitality Re XI 1/23/2020 250,000 242,500
Walton Health Re 2019 7/18/2019 79,818 135,667
Walton Health Re 2022 7/13/2022 208,375 236,399
Woburn Re 2018 3/20/2018 158,440 16,157
Woburn Re 2019 1/30/2019 77,765 95,028
Total Restricted Securities     $18,365,782
% of Net assets     18.2%
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency
Purchased
In
Exchange for
Currency
Sold
Deliver Counterparty Settlement
Date
Unrealized
Appreciation
(Depreciation)
GBP 12,000 USD 14,855 Bank of America NA 3/23/23 $(44)
USD 417,329 GBP 336,000 Brown Brothers Harriman & Co. 3/23/23 2,615
USD 810,394 EUR 752,000 Citibank NA 3/24/23 (9,898)
EUR 3,120,000 USD 3,349,573 State Street Bank & Trust Co. 3/24/23 53,766
USD 490,697 EUR 469,000 State Street Bank & Trust Co. 2/17/23 (19,752)
USD 5,339,000 EUR 4,890,000 State Street Bank & Trust Co. 4/25/23 (4,805)
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS $21,882
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
EUR — Euro
GBP — Great British Pound
IDR — Indonesian Rupiah
MXN — Mexican Peso
25Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

USD — United States Dollar
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2326

Schedule of Investments  |  1/31/23
(unaudited) (continued)
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels below.
Level 1 unadjusted quoted prices in active markets for identical securities.
Level 2 other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
Level 3 significant unobservable inputs (including the Adviser's own assumptions in determining fair value of investments).
The following is a summary of the inputs used as of January 31, 2023, in valuing the Fund's investments:
  Level 1 Level 2 Level 3 Total
Senior Secured Floating Rate Loan Interests $$4,842,955 $$4,842,955
Common Stocks        
Airlines 256,669 256,669
Household Durables 123 123
Oil, Gas & Consumable Fuels 100,644 93,000 193,644
Asset Backed Securities 3,360,578 3,360,578
Collateralized Mortgage Obligations 2,524,011 2,524,011
Commercial Mortgage-Backed Securities 11,199,286 11,199,286
Convertible Corporate Bonds 2,121,032 2,121,032
Corporate Bonds 90,568,726 90,568,726
Preferred Stock        
Capital Markets 32,825 32,825
All Other Preferred Stock 520,759 520,759
Right/Warrant 3,113 3,113
Insurance-Linked Securities        
Collateralized Reinsurance        
Multiperil – Massachusetts 229,230 229,230
Multiperil – U.S. 656,267 656,267
Multiperil – Worldwide 2,166,168 2,166,168
Windstorm – Florida 542,065 542,065
Windstorm – U.S. Regional 235,879 235,879
Reinsurance Sidecars        
Multiperil – U.S. 290,019 290,019
Multiperil – U.S. Regional —* —*
Multiperil – Worldwide 7,726,317 7,726,317
Industry Loss Warranties        
Windstorm – U.S. 1,150 1,150
All Other Insurance-Linked Securities 6,518,687 6,518,687
Foreign Government Bonds 1,843,427 1,843,427
Open-End Fund 4,018,242 4,018,242
Over The Counter (OTC) Currency Put Option Purchased 10,942 10,942
27Pioneer Diversified High Income Fund, Inc. |  | 1/31/23

  Level 1 Level 2 Level 3 Total
Total Investments in Securities $4,154,947 $123,603,403 $12,103,764 $139,862,114
Other Financial Instruments        
Credit Agreement(a) $$(42,575,000) $$(42,575,000)
Over The Counter (OTC) Currency Call Option Written (44,340) (44,340)
Net unrealized appreciation on forward foreign currency exchange contracts 21,882 21,882
Total Other Financial Instruments $$(42,597,458) $$(42,597,458)
(a) The Fund may hold liabilities in which the fair value approximates the carrying amount for financial statement purposes.
* Securities valued at $0.
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
  Common
Stocks
Insurance-
Linked
Securities
Total
Balance as of 4/30/22 $64,395 $13,798,572 $13,862,967
Realized gain (loss) (48,176) (371,056) (419,232)
Changed in unrealized appreciation (depreciation) (95,737) (270,660) (366,397)
Accrued discounts/premiums (3,850,265) (3,850,265)
Purchases 7,842,532 7,842,532
Sales (58,813) (5,301,995) (5,360,808)
Transfers in to Level 3* 395,000 395,000
Transfers out of Level 3* (33) (33)
Balance as of 1/31/23 $ 256,669 $ 11,847,095 $ 12,103,764
* Transfers are calculated on the beginning of period values. During the period ended January 31, 2023 investments having aggregate value of $33 were transferred out of Level 3 to Level 2, as there  were significant observable inputs available to determine their value. Investments having aggregate value of $395,000 were transferred from Level 1 to Level 3, due to valuing the security using unobservable inputs, resulting from a decrease in market activity for the securities. There were no other transfers into or out of Level 3 during the period.
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at January 31, 2023: $ (500,986)
Pioneer Diversified High Income Fund, Inc. |  | 1/31/2328