NPORT-EX 2 AAPI060AMU013125.htm
Pioneer Diversified High Income Fund, Inc.
Schedule of Investments  |  January 31, 2025 
 
Ticker Symbol: HNW

Schedule of Investments  |  1/31/25
(unaudited) 
Principal
Amount
USD ($)
          Value
  UNAFFILIATED ISSUERS — 142.0%  
  Senior Secured Floating Rate Loan
Interests — 6.7% of Net Assets*(a)
 
  Auto Parts & Equipment — 0.8%  
192,205 First Brands Group LLC, 2022-II First Lien Incremental Term Loan, 9.552% (Term SOFR + 500 bps), 3/30/27 $    189,202
689,259 First Brands Group LLC, First Lien 2021 Term Loan, 9.552% (Term SOFR + 500 bps), 3/30/27     678,058
  Total Auto Parts & Equipment     $867,260
  Auto Repair Centers — 0.4%  
472,625 Champions Holdco, Inc., Initial Term Loan, 9.271% (Term SOFR + 475 bps), 2/23/29 $    432,452
  Total Auto Repair Centers     $432,452
  Building & Construction — 0.5%  
494,942 Service Logic Acquisition, Inc., Relevant Term Loan, 7.812% (Term SOFR + 350 bps), 10/29/27 $    500,510
  Total Building & Construction     $500,510
  Chemicals-Diversified — 0.7%  
397,000 Ineos Quattro Holdings UK Ltd., 2029 Tranche B Dollar Term Loan, 8.662% (Term SOFR + 425 bps), 4/2/29 $    397,000
375,039 LSF11 A5 Holdco LLC, 2024 Refinancing Term Loan, 7.926% (Term SOFR + 350 bps), 10/15/28     377,383
  Total Chemicals-Diversified     $774,383
  Chemicals-Specialty — 0.1%  
122,151 Mativ Holdings, Inc., Term B Loan, 8.176% (Term SOFR + 375 bps), 4/20/28 $    122,074
  Total Chemicals-Specialty     $122,074
  Commercial Services — 0.3%  
383,075 DS Parent, Inc., Term Loan B, 9.829% (Term SOFR + 550 bps), 1/31/31 $    362,485
  Total Commercial Services     $362,485
  Computer Services — 0.2%  
160,000 Amentum Holdings, Inc., Initial Term Loan, 6.562% (Term SOFR + 225 bps), 9/29/31 $    159,740
  Total Computer Services     $159,740
1Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Cruise Lines — 0.3%  
354,112 LC Ahab US Bidco LLC, Initial Term Loan, 7.312% (Term SOFR + 300 bps), 5/1/31 $    356,547
  Total Cruise Lines     $356,547
  Dialysis Centers — 0.4%  
402,924 U.S. Renal Care, Inc., Closing Date Term Loan, 9.426% (Term SOFR + 500 bps), 6/20/28 $    376,063
  Total Dialysis Centers     $376,063
  Distribution & Wholesale — 0.3%  
308,609 Windsor Holdings III LLC, 2024 September Dollar Term B Loan, 7.802% (Term SOFR + 350 bps), 8/1/30 $    311,502
  Total Distribution & Wholesale     $311,502
  Electric-Generation — 0.6%  
573,562 Alpha Generation LLC, Initial Term B Loan, 7.062% (Term SOFR + 275 bps), 9/30/31 $    577,506
  Total Electric-Generation     $577,506
  Electronic Composition — 0.1%  
120,240 Natel Engineering Co., Inc., Initial Term Loan, 10.676% (Term SOFR + 625 bps), 4/30/26 $    113,777
  Total Electronic Composition     $113,777
  Medical-Drugs — 1.3%  
775,807(b) Bausch Health Companies Inc., Second Amendment Term Loan, 2/1/27 $    755,118
164,588 Endo Finance Holdings, Inc., 2024 Refinancing Term Loan, 8.312% (Term SOFR + 400 bps), 4/23/31      166,028
401,962 Financiere Mendel, Additional Term USD Facility 1, 7.772% (Term SOFR + 325 bps), 11/8/30     405,145
  Total Medical-Drugs   $1,326,291
  Pipelines — 0.1%  
148,106 M6 ETX Holdings II MidCo LLC, Initial Term Loan, 8.912% (Term SOFR + 450 bps), 9/19/29 $    149,008
  Total Pipelines     $149,008
  Recreational Centers — 0.5%  
537,640 Fitness International LLC, Term B Loan, 9.562% (Term SOFR + 525 bps), 2/12/29 $    541,756
  Total Recreational Centers     $541,756
Pioneer Diversified High Income Fund, Inc. | 1/31/252

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Schools — 0.1%  
98,500 Bach Finance Ltd., Initial Dollar Term Loan, 7.496% (Term SOFR + 325 bps), 1/9/32 $     99,885
  Total Schools      $99,885
  Total Senior Secured Floating Rate Loan Interests
(Cost $7,079,619)
  $7,071,239
Shares            
  Common Stocks — 0.6% of Net Assets  
  Communications Equipment — 0.1%  
16,729(c) Digicel International Finance Ltd. $    108,740
  Total Communications Equipment     $108,740
  Financial Services — 0.0%  
152,704(c)+ Unifin Financiera SAB de CV $      8,843
  Total Financial Services       $8,843
  Household Durables — 0.0%  
89,094(c) Desarrolladora Homex SAB de CV $          4
  Total Household Durables           $4
  Oil, Gas & Consumable Fuels — 0.0%  
6(c) Amplify Energy Corp. $         32
2,189(c) Petroquest Energy, Inc.         285
  Total Oil, Gas & Consumable Fuels         $317
  Passenger Airlines — 0.5%  
24,166(c) Grupo Aeromexico SAB de CV $    505,354
  Total Passenger Airlines     $505,354
  Pharmaceuticals — 0.0%  
1,957(c) Endo, Inc. $     51,665
  Total Pharmaceuticals      $51,665
  Professional Services — 0.0%  
441,379(c)+ Atento S.A. $         —
  Total Professional Services          $
  Total Common Stocks
(Cost $519,805)
    $674,923
3Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Asset Backed Securities — 4.9% of Net
Assets
 
500,000 ACC Auto Trust, Series 2022-A, Class D, 10.07%, 3/15/29 (144A) $    494,882
452,153 Ally Bank Auto Credit-Linked Notes, Series 2024-A, Class G, 12.748%, 5/17/32 (144A)      460,414
719,873 Ally Bank Auto Credit-Linked Notes, Series 2024-B, Class G, 11.395%, 9/15/32 (144A)      721,356
1,000,000 JPMorgan Chase Bank NA - CACLN, Series 2021-3, Class G, 9.812%, 2/26/29 (144A)   1,011,114
1,000,000(a) MCF CLO VII LLC, Series 2017-3A, Class ER, 13.705% (3 Month Term SOFR + 941 bps), 7/20/33 (144A)      999,202
500,000(d)+ RMF Buyout Issuance Trust, Series 2022-HB1, Class M5, 4.50%, 4/25/32 (144A)       43,000
650,000 Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class E, 12.662%, 5/15/32 (144A)      686,053
698,968 Santander Bank Auto Credit-Linked Notes, Series 2023-B, Class F, 12.24%, 12/15/33 (144A)     729,504
  Total Asset Backed Securities
(Cost $5,444,647)
  $5,145,525
  Collateralized Mortgage
Obligations—2.7% of Net Assets
 
330,000(a) Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 10.351% (SOFR30A + 600 bps), 10/25/41 (144A) $    348,335
13,871(a) DSLA Mortgage Loan Trust, Series 2005-AR6, Class 2A1C, 5.253% (1 Month Term SOFR + 95 bps), 10/19/45       13,688
200,000(a) Federal Home Loan Mortgage Corp. STACR REMIC Trust, Series 2021-DNA7, Class B2, 12.151% (SOFR30A + 780 bps), 11/25/41 (144A)      217,438
450,000(a) Federal Home Loan Mortgage Corp. STACR REMIC Trust, Series 2021-HQA3, Class B2, 10.601% (SOFR30A + 625 bps), 9/25/41 (144A)      475,502
280,000(a) Federal Home Loan Mortgage Corp. STACR REMIC Trust, Series 2022-DNA2, Class B2, 12.851% (SOFR30A + 850 bps), 2/25/42 (144A)      309,487
545,000(a) Federal Home Loan Mortgage Corp. STACR Trust, Series 2019-DNA3, Class B2, 12.615% (SOFR30A + 826 bps), 7/25/49 (144A)      626,273
100,000(a) Federal National Mortgage Association Connecticut Avenue Securities, Series 2021-R02, Class 2B2, 10.551% (SOFR30A + 620 bps), 11/25/41 (144A)      105,690
Pioneer Diversified High Income Fund, Inc. | 1/31/254

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Collateralized Mortgage
Obligations—(continued)
 
16,876 Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25%, 11/25/32 (144A) $      7,278
640,000(a) STACR Trust, Series 2018-HRP2, Class B2, 14.965% (SOFR30A + 1,061 bps), 2/25/47 (144A)     780,485
  Total Collateralized Mortgage Obligations
(Cost $2,627,096)
  $2,884,176
  Commercial Mortgage-Backed
Securities—10.2% of Net Assets
 
1,000,000(d) Benchmark Mortgage Trust, Series 2020-B18, Class AGNG, 4.388%, 7/15/53 (144A) $    949,725
500,000(a) BPR Trust, Series 2021-WILL, Class E, 11.171% (1 Month Term SOFR + 686 bps), 6/15/38 (144A)      486,930
507,500(a) BX Trust, Series 2022-PSB, Class F, 11.639% (1 Month Term SOFR + 733 bps), 8/15/39 (144A)      512,572
6,924,924(d)(e) CD Mortgage Trust, Series 2016-CD1, Class XA, 1.346%, 8/10/49       73,414
17,590,699(d)(e) COMM Mortgage Trust, Series 2015-LC21, Class XA, 0.596%, 7/10/48        2,201
600,000(d) COMM Mortgage Trust, Series 2024-CBM, Class G, 7.927%, 12/10/41 (144A)      530,228
750,000(a) Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk, Series 2021-MN1, Class B1, 12.101% (SOFR30A + 775 bps), 1/25/51 (144A)      832,211
413,945(d) FREMF Mortgage Trust, Series 2019-KJ24, Class B, 7.60%, 10/25/27 (144A)      388,732
996,400(a) FREMF Mortgage Trust, Series 2019-KS12, Class C, 11.542% (SOFR30A + 701 bps), 8/25/29      958,559
111,356(a) FREMF Mortgage Trust, Series 2020-KF74, Class C, 10.892% (SOFR30A + 636 bps), 1/25/27 (144A)      102,023
211,707(a) FREMF Mortgage Trust, Series 2020-KF83, Class C, 13.642% (SOFR30A + 911 bps), 7/25/30 (144A)      201,839
1,000,000(f) FREMF Mortgage Trust, Series 2021-KG05, Class C, 0.000%, 1/25/31 (144A)      580,408
12,325,350(e) FREMF Mortgage Trust, Series 2021-KG05, Class X2A, 0.10%, 1/25/31 (144A)       54,273
1,000,000(e) FREMF Mortgage Trust, Series 2021-KG05, Class X2B, 0.10%, 1/25/31 (144A)        4,220
376,592(d)(e) GS Mortgage Securities Trust, Series 2014-GC24, Class XA, 0.326%, 9/10/47            4
500,000(a) HIH Trust, Series 2024-61P, Class G, 11.241% (1 Month Term SOFR + 694 bps), 10/15/41 (144A)      499,896
5Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Commercial Mortgage-Backed
Securities—(continued)
 
1,000,000(d) HTL Commercial Mortgage Trust, Series 2024-T53, Class F, 11.927%, 5/10/39 (144A) $  1,038,996
500,000(d) JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class D, 4.417%, 4/15/46      125,000
999,973(d)(e) JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class XA, 0.788%, 11/15/47           10
4,761,735(d)(e) Morgan Stanley Capital I Trust, Series 2016-BNK2, Class XA, 0.948%, 11/15/49       58,659
5,490,483(d)(e) Morgan Stanley Capital I Trust, Series 2016-UB12, Class XA, 0.631%, 12/15/49       46,276
702,812(a) Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class M10, 8.215% (SOFR30A + 386 bps), 3/25/50 (144A)      713,767
900,000(d) Natixis Commercial Mortgage Securities Trust, Series 2019-FAME, Class E, 4.398%, 8/15/36 (144A)      360,023
290,000 Palisades Center Trust, Series 2016-PLSD, Class A, 2.713%, 4/13/33 (144A)      201,550
190,323(d) Velocity Commercial Capital Loan Trust, Series 2020-1, Class M5, 4.29%, 2/25/50 (144A)      132,302
1,100,000 Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00%, 5/15/48 (144A)      854,079
1,660,500(d) Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class E, 4.59%, 11/15/48 (144A)   1,089,726
  Total Commercial Mortgage-Backed Securities
(Cost $12,037,464)
$10,797,623
  Convertible Corporate Bonds — 2.1%
of Net Assets
 
  Banks — 0.0%  
IDR812,959,000 PT Bakrie & Brothers Tbk, 12/31/25 $      3,591
  Total Banks       $3,591
  Chemicals — 1.8%  
1,900,000(g) Hercules LLC, 6.50%, 6/30/29 $  1,941,867
  Total Chemicals   $1,941,867
Pioneer Diversified High Income Fund, Inc. | 1/31/256

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Entertainment — 0.3%  
312,000(f) DraftKings Holdings, Inc., 3/15/28 $    269,412
  Total Entertainment     $269,412
  Total Convertible Corporate Bonds
(Cost $1,927,276)
  $2,214,870
  Corporate Bonds — 83.1% of Net Assets  
  Advertising — 1.9%  
645,000 Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) $    574,264
535,000 Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A)      495,931
625,000 Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A)      532,799
400,000 Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A)     403,366
  Total Advertising   $2,006,360
  Aerospace & Defense — 0.2%  
214,000 Triumph Group, Inc., 9.00%, 3/15/28 (144A) $    224,291
  Total Aerospace & Defense     $224,291
  Airlines — 5.9%  
1,558,536(h) ABRA Global Finance, 14.00% (8.00% PIK or 6.00% Cash), 10/22/29 (144A) $  1,528,924
1,460,000(i) Avianca Midco 2 Plc, 9.625%, 2/14/30 (144A)   1,423,500
1,354,192(a) Gol Finance S.A., 14.787% (1 Month Term SOFR + 1,050 bps), 4/29/25 (144A)   1,411,312
505,000 Grupo Aeromexico S.A.B de CV, 8.25%, 11/15/29 (144A)      504,369
1,090,000 Grupo Aeromexico S.A.B de CV, 8.625%, 11/15/31 (144A)   1,088,637
285,000 Latam Airlines Group S.A., 13.375%, 10/15/29 (144A)     324,320
  Total Airlines   $6,281,062
  Auto Manufacturers — 0.4%  
440,000 JB Poindexter & Co., Inc., 8.75%, 12/15/31 (144A) $    468,636
  Total Auto Manufacturers     $468,636
  Banks — 4.6%  
1,135,000(d) Banco GNB Sudameris S.A., 7.50% (5 Year CMT Index + 666 bps), 4/16/31 (144A) $  1,104,753
685,000(d)(j) Banco Mercantil del Norte S.A., 8.375% (10 Year US Treasury Yield Curve Rate T Note Constant Maturity + 776 bps) (144A)      684,930
7Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Banks — (continued)  
EUR1,200,000(d)(j) CaixaBank S.A., 3.625% (5 Year EUR Swap + 386 bps) $  1,163,618
155,000 Freedom Mortgage Corp., 12.25%, 10/1/30 (144A)      173,044
350,000(d)(j) ING Groep NV, 6.50% (5 Year USD Swap Rate + 445 bps)      350,415
225,000(d)(j) Intesa Sanpaolo S.p.A., 7.70% (5 Year USD Swap Rate + 546 bps) (144A)      224,705
865,000(d)(j)(k)+ Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A)           —
350,000(d) Toronto-Dominion Bank, 7.25% (5 Year CMT Index + 298 bps), 7/31/84      353,828
230,000(d)(j) UBS Group AG, 9.25% (5 Year CMT Index + 476 bps) (144A)      265,653
490,000(d)(j) Yapi ve Kredi Bankasi AS, 9.743% (5 Year CMT Index + 550 bps) (144A)     511,070
  Total Banks   $4,832,016
  Biotechnology — 0.3%  
EUR345,000 Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) $    349,827
  Total Biotechnology     $349,827
  Building Materials — 2.6%  
846,000 AmeriTex HoldCo Intermediate LLC, 10.25%, 10/15/28 (144A) $    896,461
464,000 Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A)      375,472
1,520,000 Limak Cimento Sanayi ve Ticaret AS, 9.75%, 7/25/29 (144A)   1,520,775
  Total Building Materials   $2,792,708
  Chemicals — 4.0%  
735,000 Celanese US Holdings LLC, 6.95%, 11/15/33 $    769,176
EUR420,000 Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A)      305,911
300,000 LYB Finance Co. BV, 8.10%, 3/15/27 (144A)      316,364
415,000 Mativ Holdings, Inc., 8.00%, 10/1/29 (144A)      395,402
280,000 Olin Corp., 9.50%, 6/1/25 (144A)      280,700
EUR580,000 Olympus Water US Holding Corp., 9.625%, 11/15/28 (144A)      640,480
985,000 Olympus Water US Holding Corp., 9.75%, 11/15/28 (144A)   1,042,837
EUR420,000 SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 7/15/28 (144A)     465,118
  Total Chemicals   $4,215,988
Pioneer Diversified High Income Fund, Inc. | 1/31/258

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Commercial Services — 3.9%  
230,000 Allied Universal Holdco LLC, 7.875%, 2/15/31 (144A) $    235,817
585,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A)      588,686
500,000 Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.25%, 1/15/30 (144A)      516,403
730,000 EquipmentShare.com, Inc., 8.00%, 3/15/33 (144A)      758,788
473,000 Garda World Security Corp., 6.00%, 6/1/29 (144A)      455,603
660,000 Garda World Security Corp., 8.375%, 11/15/32 (144A)      681,455
558,000 Sotheby's, 7.375%, 10/15/27 (144A)      549,166
295,000 Williams Scotsman, Inc., 6.625%, 6/15/29 (144A)     302,254
  Total Commercial Services   $4,088,172
  Computers — 0.2%  
155,000 Amentum Holdings, Inc., 7.25%, 8/1/32 (144A) $    157,138
  Total Computers     $157,138
  Diversified Financial Services — 6.6%  
500,000(d)(j) Air Lease Corp., 4.125% (5 Year CMT Index + 315 bps) $    477,462
275,000(k) Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A)       28,407
640,000 Freedom Mortgage Holdings LLC, 9.125%, 5/15/31 (144A)      662,396
540,000 Freedom Mortgage Holdings LLC, 9.25%, 2/1/29 (144A)      563,624
EUR235,000 Garfunkelux Holdco 3 S.A., 6.75%, 11/1/25 (144A)      168,241
GBP400,000 Garfunkelux Holdco 3 S.A., 7.75%, 11/1/25 (144A)      343,480
1,295,000 Global Aircraft Leasing Co., Ltd., 8.75%, 9/1/27 (144A)   1,330,262
685,000 OneMain Finance Corp., 9.00%, 1/15/29      727,602
145,000 Planet Financial Group LLC, 10.50%, 12/15/29 (144A)      149,155
1,030,000 Provident Funding Associates LP/PFG Finance Corp., 9.75%, 9/15/29 (144A)   1,076,679
1,475,000 Sammaan Capital, Ltd., 9.70%, 7/3/27 (144A)   1,480,384
1,174,000+ Unifin Financiera SAB de CV, 1/27/28          —
  Total Diversified Financial Services   $7,007,692
9Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Electric — 1.0%  
1,030,000 GDZ Elektrik Dagitim AS, 9.00%, 10/15/29 (144A) $  1,008,653
7,000 Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A)       6,999
  Total Electric   $1,015,652
  Engineering & Construction — 1.1%  
960,000 ASG Finance Designated Activity Co., 9.75%, 5/15/29 (144A) $    970,027
230,000 IHS Holding, Ltd., 6.25%, 11/29/28 (144A)     217,399
  Total Engineering & Construction   $1,187,426
  Entertainment — 0.6%  
295,000 Light & Wonder International, Inc., 7.25%, 11/15/29 (144A) $    304,323
EUR310,000 Lottomatica Group S.p.A., 7.125%, 6/1/28 (144A)     336,226
  Total Entertainment     $640,549
  Food — 0.7%  
215,000(h) Chobani Holdco II LLC, 8.75% (9.50% PIK or 8.75% Cash), 10/1/29 (144A) $    232,853
520,000 Fiesta Purchaser, Inc., 9.625%, 9/15/32 (144A)     541,791
  Total Food     $774,644
  Forest Products & Paper — 0.5%  
EUR500,000 Fedrigoni S.p.A., 6.125%, 6/15/31 (144A) $    521,942
  Total Forest Products & Paper     $521,942
  Healthcare-Services — 3.6%  
800,800 Auna S.A., 10.00%, 12/15/29 (144A) $    853,949
1,365,000 Prime Healthcare Services, Inc., 9.375%, 9/1/29 (144A)   1,298,033
1,677,000 US Acute Care Solutions LLC, 9.75%, 5/15/29 (144A)   1,705,348
  Total Healthcare-Services   $3,857,330
  Home Builders — 0.8%  
885,000 Beazer Homes USA, Inc., 7.25%, 10/15/29 $    895,944
  Total Home Builders     $895,944
  Insurance — 4.3%  
4,106,000 Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) $  4,557,096
  Total Insurance   $4,557,096
Pioneer Diversified High Income Fund, Inc. | 1/31/2510

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Internet — 1.5%  
1,285,000 Acuris Finance US, Inc./Acuris Finance S.a.r.l., 9.00%, 8/1/29 (144A) $  1,283,702
265,000 ION Trading Technologies S.a.r.l., 9.50%, 5/30/29 (144A)     276,727
  Total Internet   $1,560,429
  Iron & Steel — 2.3%  
845,000 Carpenter Technology Corp., 7.625%, 3/15/30 $    872,528
325,000 Cleveland-Cliffs, Inc., 7.375%, 5/1/33 (144A)      323,203
613,000 Metinvest BV, 7.75%, 10/17/29 (144A)      437,056
870,000 TMS International Corp., 6.25%, 4/15/29 (144A)     823,586
  Total Iron & Steel   $2,456,373
  Leisure Time — 1.6%  
100,000 Carnival Corp., 7.625%, 3/1/26 (144A) $    100,173
120,000 Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A)      127,711
400,000 Cruise Yacht Upper HoldCo, Ltd., 11.875%, 7/5/28      412,807
740,000 NCL Corp., Ltd., 6.75%, 2/1/32 (144A)      751,554
245,000 Viking Cruises, Ltd., 6.25%, 5/15/25 (144A)     244,989
  Total Leisure Time   $1,637,234
  Lodging — 0.7%  
800,000(l) Grupo Posadas SAB de CV, 7.00%, 12/30/27 (144A) $    725,176
  Total Lodging     $725,176
  Machinery-Diversified — 0.8%  
EUR760,000(a) Mangrove Luxco III S.a.r.l., 7.785% (3 Month EURIBOR + 500 bps), 7/15/29 (144A) $    796,308
  Total Machinery-Diversified     $796,308
  Media — 2.4%  
400,000 CSC Holdings LLC, 5.375%, 2/1/28 (144A) $    351,655
300,000 CSC Holdings LLC, 11.75%, 1/31/29 (144A)      298,526
655,000 Gray Media, Inc., 10.50%, 7/15/29 (144A)      685,673
1,210,000 McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A)   1,231,410
  Total Media   $2,567,264
  Mining — 1.8%  
400,000 First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A) $    399,405
11Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Mining — (continued)  
1,260,000 First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A) $  1,292,552
200,000 First Quantum Minerals, Ltd., 9.375%, 3/1/29 (144A)     211,366
  Total Mining   $1,903,323
  Oil & Gas — 13.3%  
290,000 3R Lux S.a.r.l., 9.75%, 2/5/31 (144A) $    303,050
265,000 Azule Energy Finance Plc, 8.125%, 1/23/30 (144A)      267,650
910,000 Baytex Energy Corp., 8.50%, 4/30/30 (144A)      937,526
310,488 Borr IHC, Ltd./Borr Finance LLC, 10.00%, 11/15/28 (144A)      310,125
228,350 Borr IHC, Ltd./Borr Finance LLC, 10.375%, 11/15/30 (144A)      227,493
85,000 Cenovus Energy, Inc., 6.75%, 11/15/39       91,778
520,000 Civitas Resources, Inc., 8.375%, 7/1/28 (144A)      543,852
370,000 Civitas Resources, Inc., 8.625%, 11/1/30 (144A)      392,186
520,000 Civitas Resources, Inc., 8.75%, 7/1/31 (144A)      548,424
1,510,000 Energean Plc, 6.50%, 4/30/27 (144A)   1,507,357
405,000 Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A)      392,324
410,000 Kraken Oil & Gas Partners LLC, 7.625%, 8/15/29 (144A)      403,469
1,247,475 MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A)   1,055,214
515,000 Nabors Industries, Ltd., 7.50%, 1/15/28 (144A)      497,709
955,000 Occidental Petroleum Corp., 4.40%, 4/15/46      721,294
800,000 Petroleos Mexicanos, 5.95%, 1/28/31      669,871
970,000 Shelf Drilling Holdings, Ltd., 9.625%, 4/15/29 (144A)      866,783
900,000 SierraCol Energy Andina LLC, 6.00%, 6/15/28 (144A)      834,284
860,000 Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)      862,768
440,000 Transocean, Inc., 6.80%, 3/15/38      360,848
280,000 Transocean, Inc., 8.25%, 5/15/29 (144A)      280,991
280,000 Transocean, Inc., 8.50%, 5/15/31 (144A)      281,917
785,000 Tullow Oil Plc, 10.25%, 5/15/26 (144A)      712,678
620,000 Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29 (144A)      611,971
281,000 YPF S.A., 6.95%, 7/21/27 (144A)      282,941
110,000 YPF S.A., 8.75%, 9/11/31 (144A)     113,256
  Total Oil & Gas $14,077,759
Pioneer Diversified High Income Fund, Inc. | 1/31/2512

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Oil & Gas Services — 1.1%  
521,000 Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) $    521,043
566,000 Enerflex, Ltd., 9.00%, 10/15/27 (144A)     587,536
  Total Oil & Gas Services   $1,108,579
  Pharmaceuticals — 0.0%  
381,000+ Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) $         —
600,000+ Tricida, Inc., 5/15/27          —
  Total Pharmaceuticals          $
  Pipelines — 4.7%  
751,953 Acu Petroleo Luxembourg S.a.r.l., 7.50%, 1/13/32 (144A) $    752,064
510,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A)      512,089
450,000(a) Energy Transfer LP, 7.57% (3 Month Term SOFR + 328 bps), 11/1/66      448,650
915,000(d)(j) Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)      927,948
145,000 EnLink Midstream Partners LP, 5.45%, 6/1/47      130,167
344,000 EnLink Midstream Partners LP, 5.60%, 4/1/44      317,644
970,000 Summit Midstream Holdings LLC, 8.625%, 10/31/29 (144A)   1,021,568
575,000 Venture Global LNG, Inc., 8.375%, 6/1/31 (144A)      605,165
215,000 Venture Global LNG, Inc., 9.50%, 2/1/29 (144A)     239,662
  Total Pipelines   $4,954,957
  REITs — 1.5%  
EUR210,000 Alexandrite Monnet UK Holdco Plc, 10.50%, 5/15/29 (144A) $    238,751
890,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A)      781,659
10,000 Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A)        9,123
550,000 Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A)     588,050
  Total REITs   $1,617,583
  Retail — 1.2%  
GBP555,000 CD&R Firefly Bidco Plc, 8.625%, 4/30/29 (144A) $    709,477
510,000 Cougar JV Subsidiary LLC, 8.00%, 5/15/32 (144A)     533,627
  Total Retail   $1,243,104
13Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Telecommunications — 5.0%  
695,000 Altice France Holding S.A., 6.00%, 2/15/28 (144A) $    189,352
607,000 Altice France Holding S.A., 10.50%, 5/15/27 (144A)      185,335
200,000 Altice France S.A., 8.125%, 2/1/27 (144A)      167,931
445,000 Connect Finco S.a.r.l./Connect US Finco LLC, 9.00%, 9/15/29 (144A)      398,866
200,000 Iliad Holding SASU, 8.50%, 4/15/31 (144A)      214,767
836,000(k) Kenbourne Invest S.A., 6.875%, 11/26/24 (144A)      304,200
850,000 Sprint LLC, 7.625%, 3/1/26      866,818
850,000 Total Play Telecomunicaciones S.A. de CV, 6.375%, 9/20/28 (144A)      617,108
1,195,000 Turkcell Iletisim Hizmetleri AS, 7.65%, 1/24/32 (144A)   1,205,423
EUR560,000 Zegona Finance Plc, 6.75%, 7/15/29 (144A)      620,181
500,000 Zegona Finance Plc, 8.625%, 7/15/29 (144A)     533,750
  Total Telecommunications   $5,303,731
  Transportation — 2.0%  
1,245,000 Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) $  1,154,936
655,000 Danaos Corp., 8.50%, 3/1/28 (144A)      666,726
400,000 Simpar Europe S.A., 5.20%, 1/26/31 (144A)     291,100
  Total Transportation   $2,112,762
  Total Corporate Bonds
(Cost $88,426,629)
$87,939,055
Shares            
  Preferred Stock — 0.0% of Net Assets  
  Internet — 0.0%  
50,188(c) MYT Holding LLC, 10.00%, 6/6/29 $     21,957
  Total Internet      $21,957
  Total Preferred Stock
(Cost $91,624)
     $21,957
  Right/Warrant — 0.0% of Net Assets  
  Trading Companies & Distributors — 0.0%  
GBP6,475(c) Avation Plc, 1/1/59 $      4,416
  Total Trading Companies & Distributors       $4,416
  Total Right/Warrant
(Cost $—)
      $4,416
Pioneer Diversified High Income Fund, Inc. | 1/31/2514

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Insurance-Linked Securities — 30.3% of
Net Assets#
 
  Event Linked Bonds — 17.9%  
  Earthquakes – California — 0.5%  
250,000(a) Sutter Re, 14.034%, (3 Month U.S. Treasury Bill + 975 bps), 6/19/26 (144A) $    262,850
300,000(a) Torrey Pines Re, 9.50%, (3 Month U.S. Treasury Bill + 522 bps), 6/5/26 (144A)     308,550
                $571,400
  Earthquakes – U.S. — 0.2%  
250,000(a) Ursa Re, 9.784%, (3 Month U.S. Treasury Bill + 550 bps), 12/6/25 (144A) $    255,125
  Flood – U.S. — 1.0%  
250,000(a) FloodSmart Re, 16.114%, (3 Month U.S. Treasury Bill + 1,183 bps), 2/25/25 (144A) $    251,000
500,000(a) FloodSmart Re, 18.284%, (3 Month U.S. Treasury Bill + 1,400 bps), 3/12/27 (144A)      523,000
250,000(a) FloodSmart Re, 21.434%, (1 Month U.S. Treasury Bill + 1,715 bps), 3/11/26 (144A)     255,475
              $1,029,475
  Multiperil – Florida — 0.5%  
500,000(a) Sanders Re, 12.424%, (3 Month U.S. Treasury Bill + 814 bps), 6/5/26 (144A) $    522,700
  Multiperil – U.S. — 6.1%  
250,000(a) Bonanza Re, 9.784%, (3 Month U.S. Treasury Bill + 550 bps), 12/19/27 (144A) $    251,075
500,000(a) Foundation Re, 10.534%, (3 Month U.S. Treasury Bill + 625 bps), 1/8/27 (144A)      510,200
250,000(a) Four Lakes Re, 10.034%, (3 Month U.S. Treasury Bill + 575 bps), 1/7/27 (144A)      254,150
250,000(a) Four Lakes Re, 13.784%, (3 Month U.S. Treasury Bill + 950 bps), 1/7/27 (144A)      257,975
250,000(a) High Point Re, 10.034%, (3 Month U.S. Treasury Bill + 575 bps), 1/6/27 (144A)      254,225
500,000(a) Matterhorn Re, 12.127%, (SOFR + 775 bps), 3/24/25 (144A)      502,000
250,000(a) Merna Re II, 11.534%, (3 Month U.S. Treasury Bill + 725 bps), 7/7/27 (144A)      261,550
250,000(a) Merna Re II, 12.784%, (3 Month U.S. Treasury Bill + 850 bps), 7/7/27 (144A)      263,875
500,000(a) Mystic Re, 16.284%, (3 Month U.S. Treasury Bill + 1,200 bps), 1/8/27 (144A)      522,100
15Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Multiperil – U.S. — (continued)  
250,000(a) Residential Re, 11.284%, (3 Month U.S. Treasury Bill + 700 bps), 12/6/28 (144A) $    256,075
375,000(a) Residential Re, 11.974%, (3 Month U.S. Treasury Bill + 769 bps), 12/6/26 (144A)      393,525
500,000(a) Residential Re, 12.704%, (1 Month U.S. Treasury Bill + 842 bps), 12/6/27 (144A)      523,050
500,000(a) Residential Re, 16.304%, (3 Month U.S. Treasury Bill + 1,202 bps), 12/6/25 (144A)      486,200
500,000(a) Sanders Re, 9.534%, (3 Month U.S. Treasury Bill + 525 bps), 4/7/29 (144A)      499,550
250,000(a) Sanders Re, 10.034%, (3 Month U.S. Treasury Bill + 575 bps), 4/7/28 (144A)      261,250
250,000(a) Sanders Re III, 9.834%, (3 Month U.S. Treasury Bill + 555 bps), 4/7/27 (144A)      259,225
250,000(a) Solomon Re, 9.804%, (3 Month U.S. Treasury Bill + 552 bps), 6/8/26 (144A)      257,500
250,000(a) Stabilitas Re, 12.774%, (3 Month U.S. Treasury Bill + 849 bps), 6/5/26 (144A)      259,900
250,000(a) Topanga Re, 9.334%, (3 Month U.S. Treasury Bill + 505 bps), 1/8/26 (144A)     125,000
              $6,398,425
  Multiperil – U.S. & Canada — 2.2%  
250,000(a) Atlas Re, 16.933%, (SOFR + 1,250 bps), 6/8/27 (144A) $    284,800
500,000(a) Galileo Re, 11.284%, (3 Month U.S. Treasury Bill + 700 bps), 1/7/28 (144A)      527,900
250,000(a) Kilimanjaro II Re, 11.534%, (3 Month U.S. Treasury Bill + 725 bps), 6/30/28 (144A)      265,300
250,000(a) Kilimanjaro III Re, 16.644%, (3 Month U.S. Treasury Bill + 1,236 bps), 4/21/25 (144A)      253,750
250,000(a) Kilimanjaro III Re, 16.644%, (3 Month U.S. Treasury Bill + 1,236 bps), 4/20/26 (144A)      251,200
250,000(a) Matterhorn Re, 10.157%, (SOFR + 575 bps), 12/8/25 (144A)      247,225
250,000(a) Mona Lisa Re, 14.034%, (3 Month U.S. Treasury Bill + 975 bps), 6/25/27 (144A)      275,075
250,000(a) Mona Lisa Re, 16.784%, (3 Month U.S. Treasury Bill + 1,250 bps), 1/8/26 (144A)     262,000
              $2,367,250
Pioneer Diversified High Income Fund, Inc. | 1/31/2516

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Multiperil – U.S. Regional — 0.5%  
250,000(a) Aquila Re, 12.554%, (3 Month U.S. Treasury Bill + 827 bps), 6/8/26 (144A) $    261,525
250,000(a) Aquila Re, 13.464%, (3 Month U.S. Treasury Bill + 918 bps), 6/8/26 (144A)     263,200
                $524,725
  Multiperil – Worldwide — 0.7%  
250,000(a) Atlas Capital, 12.141%, (SOFR + 772 bps), 6/5/26 (144A) $    263,050
250,000(a) Cat Re 2001, 17.324%, (3 Month U.S. Treasury Bill + 1,304 bps), 1/8/27 (144A)      259,700
250,000(a) Kendall Re, 12.034%, (3 Month U.S. Treasury Bill + 775 bps), 4/30/27 (144A)     260,000
                $782,750
  Windstorm – Florida — 0.8%  
250,000(a) Integrity Re, 11.114%, (3 Month U.S. Treasury Bill + 683 bps), 6/6/25 (144A) $     25,000
250,000(a) Marlon Re, 11.284%, (3 Month U.S. Treasury Bill + 700 bps), 6/7/27 (144A)      255,250
250,000(a) Merna Re II, 13.034%, (3 Month U.S. Treasury Bill + 875 bps), 7/7/27 (144A)      262,700
250,000(a) Purple Re, 13.284%, (1 Month U.S. Treasury Bill + 900 bps), 6/7/27 (144A)     255,575
                $798,525
  Windstorm – Mexico — 0.5%  
250,000(a) International Bank for Reconstruction & Development, 16.567%, (SOFR + 1,222 bps), 4/24/28 (144A) $    264,625
250,000(a) International Bank for Reconstruction & Development, 18.071%, (SOFR + 1,372 bps), 4/24/28 (144A)     258,675
                $523,300
  Windstorm – North Carolina — 0.7%  
500,000(a) Blue Ridge Re, 12.284%, (1 Month U.S. Treasury Bill + 800 bps), 1/8/27 (144A) $    520,600
250,000(a) Cape Lookout Re, 13.874%, (3 Month U.S. Treasury Bill + 959 bps), 3/28/25 (144A)     252,000
                $772,600
17Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value  
  Windstorm – Texas — 0.5%    
250,000(a) Alamo Re, 6.00%, (1 Month U.S. Treasury Bill + 600 bps), 6/7/27 (144A) $    259,925  
250,000(a) Alamo Re, 15.534%, (1 Month U.S. Treasury Bill + 1,125 bps), 6/7/26 (144A)     264,300  
                $524,225  
  Windstorm – U.S. — 2.5%    
250,000(a) Alamo Re, 12.676%, (1 Month U.S. Treasury Bill + 839 bps), 6/7/26 (144A) $    260,425  
250,000(a) Bonanza Re, 9.904%, (3 Month U.S. Treasury Bill + 562 bps), 3/16/25 (144A)     249,500  
250,000(a) Bonanza Re, 12.734%, (3 Month U.S. Treasury Bill + 845 bps), 1/8/26 (144A)     256,375  
250,000(a) Cape Lookout Re, 12.704%, (1 Month U.S. Treasury Bill + 842 bps), 4/28/26 (144A)     260,400  
250,000(a) Gateway Re, 18.244%, (1 Month U.S. Treasury Bill + 1,396 bps), 2/24/26 (144A)     266,275  
250,000(a) Gateway Re II, 13.184%, (3 Month U.S. Treasury Bill + 890 bps), 4/27/26 (144A)     264,225  
250,000(a) Merna Re II, 14.534%, (3 Month U.S. Treasury Bill + 1,025 bps), 7/7/26 (144A)     261,350  
250,000(a) Purple Re, 17.121%, (1 Month Term SOFR + 1,281 bps), 4/24/26 (144A)     263,175  
500,000(a) Queen Street Re, 11.784%, (3 Month U.S. Treasury Bill + 750 bps), 12/8/25 (144A)     514,500  
              $2,596,225  
  Windstorm – U.S. Regional — 0.7%    
250,000(a) Citrus Re, 10.874%, (3 Month U.S. Treasury Bill + 659 bps), 6/7/26 (144A) $    259,100  
250,000(a) Citrus Re, 13.054%, (3 Month U.S. Treasury Bill + 877 bps), 6/7/26 (144A)     261,900  
250,000(a) Citrus Re, 13.534%, (3 Month U.S. Treasury Bill + 925 bps), 6/7/27 (144A)     259,650  
                $780,650  
  Winterstorm – Florida — 0.5%    
250,000(a) Integrity Re, 17.144%, (1 Month U.S. Treasury Bill + 1,286 bps), 6/6/25 (144A) $    259,500  
250,000(a) Lightning Re, 15.284%, (3 Month U.S. Treasury Bill + 1,100 bps), 3/31/26 (144A)     264,750  
                $524,250  
  Total Event Linked Bonds  $18,971,625  
Pioneer Diversified High Income Fund, Inc. | 1/31/2518

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Collateralized Reinsurance — 3.7%  
  Multiperil – Massachusetts — 0.2%  
250,000(c)(m)+ Portsalon Re 2022, 5/31/28 $    229,230
  Multiperil – U.S. — 1.1%  
264,839(m)+ Ballybunion Re 2022, 12/31/27 $         —
250,000(c)(m)+ Cheltenham-PI0051 Re 2024, 5/31/30      244,092
878,691(c)(m)+ PI0047 2024-1, 12/31/29     969,566
              $1,213,658
  Multiperil – Worldwide — 1.9%  
100,000(c)(m)+ Dartmouth Re 2021, 12/31/25 $     15,000
500,000(c)(m)+ Gamboge Re, 3/31/30      509,949
750,000(c)(m)+ Merion Re 2024-1, 12/31/29       20,807
750,000(c)(m)+ Merion Re 2025-1, 12/31/30      656,237
250,000(c)(m)+ Old Head Re 2025, 12/31/30      197,989
250,000(c)(m)+ Phoenix 3 Re, 1/4/39      280,275
250,000(c)(m)+ Pine Valley Re 2025, 12/31/29      215,514
250,000(c)(m)+ Walton Health Re 2019, 6/30/25       34,248
250,000(c)(m)+ Walton Health Re 2022, 12/15/27      36,438
              $1,966,457
  Windstorm – North Carolina — 0.0%  
250,000(c)(m)+ Mangrove Risk Solutions, 4/30/30 $      3,675
  Windstorm – U.S. Regional — 0.5%  
1,015,734(c)(m)+ Oakmont Re 2020, 3/31/27 $         —
500,000(c)(m)+ Oakmont Re 2024, 4/1/30     512,829
                $512,829
  Total Collateralized Reinsurance   $3,925,849
  Reinsurance Sidecars — 8.7%  
  Multiperil – U.S. — 0.5%  
226,387(c)(m)+ Carnoustie Re 2023, 12/31/28 $     16,952
500,000(c)(m)+ Carnoustie Re 2025, 12/31/30      480,000
1,000,000(c)(n)+ Harambee Re 2018, 12/31/25          600
1,000,000(n)+ Harambee Re 2019, 12/31/25           —
500,000(c)(n)+ Harambee Re 2020, 12/31/25          —
                $497,552
  Multiperil – U.S. Regional — 0.0%  
250,000(c)(m)+ Brotherhood Re, 1/31/26 $         —
  Multiperil – Worldwide — 8.2%  
225,450(n)+ Alturas Re 2020-3, 9/30/25 $         —
213,682(n)+ Alturas Re 2021-3, 7/31/25        8,761
19Pioneer Diversified High Income Fund, Inc. | 1/31/25

Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
376,048(c)(n)+ Alturas Re 2022-2, 12/31/27 $     21,021
500,000(c)+ Banbury-PI0050 Re 2024, 3/31/30      527,126
1,000,000(c)(m)+ Bantry Re 2024, 12/31/29      134,543
1,000,000(c)(m)+ Bantry Re 2025, 12/31/30      980,000
993,323(c)(m)+ Berwick Re 2020-1, 12/31/25           —
1,000,000(c)(m)+ Berwick Re 2025, 12/31/30      990,000
500,000(c)(m)+ Carnoustie Re 2024, 12/31/29       45,021
500,000(c)(m)+ Clearwater Re 2025, 12/31/30      490,000
49,927(c)(m)+ Eden Re II, 3/21/25 (144A)        3,320
80,000(c)(m)+ Eden Re II, 3/20/26 (144A)        1,969
3,000(m)+ Eden Re II, 3/19/27 (144A)        8,924
250,000(c)(m)+ Gleneagles Re 2021, 12/31/25           25
250,000(c)(m)+ Gleneagles Re 2022, 12/31/27       37,500
1,000,000(c)(m)+ Gullane Re 2024, 12/31/29      100,852
1,000,000(c)(m)+ Gullane Re 2025, 12/31/30      960,000
498,977(c)(n)+ Lorenz Re 2019, 6/30/25        3,892
363,953(c)(m)+ Merion Re 2022-2, 12/31/27      326,888
500,000(c)(m)+ Pangaea Re 2024-3, 7/1/28      525,000
500,000(c)(m)+ Pangaea Re 2025-1, 12/31/30      485,000
645(c)(m)+ Sector Re V, 12/1/28 (144A)      187,884
645(c)(m)+ Sector Re V, 12/1/28 (144A)      187,884
1,000,000(c)(m)+ Sector Re V, 12/1/29 (144A)   1,034,428
250,000(m)+ Sussex Re 2021-1, 12/31/25           —
500,000(m)+ Sussex Re 2022, 12/31/27           —
300,000(c)(n)+ Thopas Re 2020, 12/31/25           60
250,000(c)(n)+ Thopas Re 2021, 12/31/25        2,325
250,000(c)(n)+ Thopas Re 2022, 12/31/27           —
766,025(c)(n)+ Thopas Re 2023, 12/31/28        2,604
766,025(c)(n)+ Thopas Re 2024, 12/31/29       69,938
750,000(c)(m)+ Thopas Re 2025, 12/31/30      649,575
375,860(n)+ Torricelli Re 2021, 7/31/25        2,443
500,000(n)+ Torricelli Re 2022, 6/30/28        1,750
750,000(n)+ Torricelli Re 2023, 6/30/29       13,575
750,000(c)(n)+ Torricelli Re 2024, 6/30/30      828,680
500,000(c)(n)+ Viribus Re 2018, 12/31/25           —
212,306(n)+ Viribus Re 2019, 12/31/25           —
Pioneer Diversified High Income Fund, Inc. | 1/31/2520

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
240,783(c)(n)+ Viribus Re 2020, 12/31/25 $      7,392
221,888(c)(n)+ Viribus Re 2022, 12/31/27         355
              $8,638,735
  Total Reinsurance Sidecars   $9,136,287
  Total Insurance-Linked Securities
(Cost $30,713,267)
$32,033,761
Principal
Amount
USD ($)
           
  Foreign Government Bonds — 1.3% of
Net Assets
 
  Angola — 0.4%  
448,000 Angolan Government International Bond, 8.250%, 5/9/28 (144A) $    422,254
  Total Angola     $422,254
  El Salvador — 0.2%  
170,000 El Salvador Government International Bond, 9.650%, 11/21/54 (144A) $    180,603
  Total El Salvador     $180,603
  Ghana — 0.4%  
7,680(f) Ghana Government International Bond, 0.000%, 7/3/26 (144A) $      7,169
18,377(f) Ghana Government International Bond, 0.000%, 1/3/30 (144A)       14,311
12,000(f) Ghana Government International Bond, 0.000%, 7/3/26       11,202
23,591(f) Ghana Government International Bond, 0.000%, 1/3/30       18,372
77,440(l) Ghana Government International Bond, 5.000%, 7/3/29 (144A)       69,017
111,360(l) Ghana Government International Bond, 5.000%, 7/3/35 (144A)       81,282
121,000(l) Ghana Government International Bond, 5.000%, 7/3/29      107,839
174,000(l) Ghana Government International Bond, 5.000%, 7/3/35     127,002
  Total Ghana     $436,194
21Pioneer Diversified High Income Fund, Inc. | 1/31/25

Principal
Amount
USD ($)
          Value
  Ukraine — 0.3%  
20,419(l) Ukraine Government International Bond, 0.000%, 2/1/30 (144A) $     11,531
76,302(l) Ukraine Government International Bond, 0.000%, 2/1/34 (144A)       33,051
64,481(l) Ukraine Government International Bond, 0.000%, 2/1/35 (144A)       39,785
53,734(l) Ukraine Government International Bond, 0.000%, 2/1/36 (144A)       33,062
149,520(l) Ukraine Government International Bond, 1.750%, 2/1/29 (144A)      104,851
130,830(l) Ukraine Government International Bond, 1.750%, 2/1/34 (144A)       73,880
93,450(l) Ukraine Government International Bond, 1.750%, 2/1/35 (144A)      52,274
  Total Ukraine     $348,434
  Total Foreign Government Bonds
(Cost $1,339,092)
  $1,387,485
Shares            
  SHORT TERM INVESTMENTS — 0.1% of Net
Assets
 
  Open-End Fund — 0.1%  
87,163(o) Dreyfus Government Cash Management,
Institutional Shares, 4.26%
$     87,163
                 $87,163
  TOTAL SHORT TERM INVESTMENTS
(Cost $87,163)
     $87,163
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 142.0%
(Cost $150,293,682)
$150,262,193
  OTHER ASSETS AND LIABILITIES — (42.0)% $(44,477,120)
  net assets — 100.0% $105,785,073
             
bps Basis Points.
CMT Constant Maturity Treasury.
EURIBOR Euro Interbank Offered Rate.
FREMF Freddie Mac Multifamily Fixed-Rate Mortgage Loans.
SOFR Secured Overnight Financing Rate.
SOFR30A Secured Overnight Financing Rate 30 Day Average.
Pioneer Diversified High Income Fund, Inc. | 1/31/2522

Schedule of Investments  |  1/31/25
(unaudited) (continued)
(144A) The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At January 31, 2025, the value of these securities amounted to $116,449,274, or 110.1% of net assets.
(a) Floating rate note. Coupon rate, reference index and spread shown at January 31, 2025.
(b) All or a portion of this senior loan position has not settled. Rates do not take effect until settlement date. Rates shown, if any, are for the settled portion.
(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, 2025.
(e) Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities.
(f) Security issued with a zero coupon. Income is recognized through accretion of discount.
(g) Security is priced as a unit.
(h) Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
(i) Securities purchased on a when-issued basis. Rates do not take effect until settlement date.
(j) Security is perpetual in nature and has no stated maturity date.
(k) Security is in default.
(l) Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at January 31, 2025.
(m) Issued as participation notes.
(n) Issued as preference shares.
(o) Rate periodically changes. Rate disclosed is the 7-day yield at January 31, 2025.
* 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 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, 2025.
+ 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 4/12/2023 $250,000 $260,425
Alamo Re 4/4/2024 250,000 259,925
Alamo Re 4/4/2024 250,000 264,300
Alturas Re 2020-3 8/3/2020
Alturas Re 2021-3 8/16/2021 20,769 8,761
23Pioneer Diversified High Income Fund, Inc. | 1/31/25

Restricted Securities Acquisition date Cost Value
Alturas Re 2022-2 1/18/2022 $$21,021
Aquila Re 5/10/2023 250,000 261,525
Aquila Re 5/10/2023 250,000 263,200
Atlas Capital 5/17/2023 250,000 263,050
Atlas Re 5/24/2024 250,000 284,800
Ballybunion Re 2022 3/9/2022
Banbury-PI0050 Re 2024 8/19/2024 500,000 527,126
Bantry Re 2024 2/1/2024 134,543
Bantry Re 2025 1/21/2025 1,000,000 980,000
Berwick Re 2020-1 9/24/2020
Berwick Re 2025 1/17/2025 1,000,000 990,000
Blue Ridge Re 11/14/2023 500,000 520,600
Bonanza Re 1/6/2023 250,000 256,375
Bonanza Re 7/25/2023 246,399 249,500
Bonanza Re 12/16/2024 250,000 251,075
Brotherhood Re 1/22/2018 39,767
Cape Lookout Re 3/16/2022 250,000 252,000
Cape Lookout Re 4/14/2023 250,000 260,400
Carnoustie Re 2023 3/22/2023 16,952
Carnoustie Re 2024 1/11/2024 45,021
Carnoustie Re 2025 1/17/2025 500,000 480,000
Cat Re 2001 11/14/2023 250,000 259,700
Cheltenham-PI0051 Re 2024 7/1/2024 196,626 244,092
Citrus Re 4/27/2023 250,000 261,900
Citrus Re 4/27/2023 250,000 259,100
Citrus Re 3/19/2024 250,000 259,650
Clearwater Re 2025 1/15/2025 500,000 490,000
Dartmouth Re 2021 1/19/2021 11,466 15,000
Eden Re II 1/25/2021 9,905 3,320
Eden Re II 1/21/2022 1,568 1,969
Eden Re II 1/17/2023 8,924
FloodSmart Re 2/14/2022 250,000 251,000
FloodSmart Re 2/23/2023 250,000 255,475
FloodSmart Re 2/29/2024 500,000 523,000
Foundation Re 12/19/2023 500,000 510,200
Four Lakes Re 12/8/2023 250,000 254,150
Four Lakes Re 12/8/2023 250,000 257,975
Galileo Re 12/4/2023 501,024 527,900
Gamboge Re 5/9/2024 436,328 509,949
Gateway Re 2/3/2023 250,000 266,275
Gateway Re II 4/13/2023 250,000 264,225
Gleneagles Re 2021 1/13/2021 4,575 25
Gleneagles Re 2022 1/18/2022 104,409 37,500
Gullane Re 2024 2/14/2024 100,852
Pioneer Diversified High Income Fund, Inc. | 1/31/2524

Schedule of Investments  |  1/31/25
(unaudited) (continued)
Restricted Securities Acquisition date Cost Value
Gullane Re 2025 1/22/2025 $1,000,000 $960,000
Harambee Re 2018 12/19/2017 17,375 600
Harambee Re 2019 12/20/2018
Harambee Re 2020 2/27/2020
High Point Re 12/1/2023 250,000 254,225
Integrity Re 5/9/2022 250,000 25,000
Integrity Re 3/23/2023 250,000 259,500
International Bank for Reconstruction & Development 5/1/2024 250,000 264,625
International Bank for Reconstruction & Development 5/10/2024 243,161 258,675
Kendall Re 4/22/2024 250,000 260,000
Kilimanjaro II Re 6/24/2024 250,000 265,300
Kilimanjaro III Re 4/8/2021 250,000 253,750
Kilimanjaro III Re 4/8/2021 250,000 251,200
Lightning Re 3/20/2023 250,000 264,750
Lorenz Re 2019 6/26/2019 75,227 3,892
Mangrove Risk Solutions 7/9/2024 3,675
Marlon Re 5/24/2024 250,000 255,250
Matterhorn Re 12/15/2021 250,000 247,225
Matterhorn Re 3/10/2022 500,000 502,000
Merion Re 2022-2 3/1/2022 345,777 326,888
Merion Re 2024-1 1/11/2024 20,807
Merion Re 2025-1 1/16/2025 644,006 656,237
Merna Re II 4/5/2023 250,000 261,350
Merna Re II 5/8/2024 250,000 261,550
Merna Re II 5/8/2024 250,000 262,700
Merna Re II 5/8/2024 250,000 263,875
Mona Lisa Re 12/30/2022 250,000 262,000
Mona Lisa Re 6/13/2024 250,000 275,075
Mystic Re 12/12/2023 499,330 522,100
Oakmont Re 2020 12/3/2020
Oakmont Re 2024 5/23/2024 443,679 512,829
Old Head Re 2025 1/2/2025 193,449 197,989
Pangaea Re 2024-3 7/26/2024 500,000 525,000
Pangaea Re 2025-1 1/16/2025 500,000 485,000
Phoenix 3 Re 12/21/2020 194,948 280,275
PI0047 2024-1 1/26/2024 872,164 969,566
Pine Valley Re 2025 1/7/2025 215,514 215,514
Portsalon Re 2022 7/15/2022 202,158 229,230
Purple Re 4/6/2023 250,000 263,175
Purple Re 4/2/2024 250,000 255,575
Queen Street Re 5/12/2023 500,000 514,500
Residential Re 10/28/2021 500,000 486,200
25Pioneer Diversified High Income Fund, Inc. | 1/31/25

Restricted Securities Acquisition date Cost Value
Residential Re 11/22/2022 $375,000 $393,525
Residential Re 11/7/2023 500,000 523,050
Residential Re 11/4/2024 250,000 256,075
Sanders Re 5/24/2023 500,000 522,700
Sanders Re 1/16/2024 250,000 261,250
Sanders Re 12/10/2024 500,000 499,550
Sanders Re III 3/24/2023 250,000 259,225
Sector Re V 12/4/2023 645 187,884
Sector Re V 12/29/2023 645 187,884
Sector Re V 12/31/2024 1,000,000 1,034,428
Solomon Re 6/12/2023 250,000 257,500
Stabilitas Re 6/7/2023 250,000 259,900
Sussex Re 2021-1 1/26/2021
Sussex Re 2022 1/5/2022
Sutter Re 6/6/2023 250,000 262,850
Thopas Re 2020 12/30/2019 60
Thopas Re 2021 1/22/2021 2,325
Thopas Re 2022 2/15/2022
Thopas Re 2023 2/13/2023 2,604
Thopas Re 2024 2/2/2024 69,938
Thopas Re 2025 1/10/2025 750,000 649,575
Topanga Re 10/5/2023 239,649 125,000
Torrey Pines Re 5/18/2023 300,000 308,550
Torricelli Re 2021 7/2/2021 2,443
Torricelli Re 2022 7/26/2022 1,750
Torricelli Re 2023 7/19/2023 13,575
Torricelli Re 2024 7/25/2024 743,994 828,680
Ursa Re 4/12/2023 250,000 255,125
Viribus Re 2018 12/22/2017 8,294
Viribus Re 2019 3/25/2019
Viribus Re 2020 3/12/2020 24,541 7,392
Viribus Re 2022 4/18/2022 355
Walton Health Re 2019 7/18/2019 34,248
Walton Health Re 2022 7/13/2022 875 36,438
Total Restricted Securities     $32,033,761
% of Net assets     30.3%
Pioneer Diversified High Income Fund, Inc. | 1/31/2526

Schedule of Investments  |  1/31/25
(unaudited) (continued)
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency
Purchased
In
Exchange for
Currency
Sold
Deliver Counterparty Settlement
Date
Unrealized
Appreciation
(Depreciation)
EUR 2,370,000 USD 2,493,077 Citibank NA 3/21/25 $(28,712)
EUR 900,000 USD 956,251 HSBC Bank USA NA 2/24/25 (21,574)
USD 393,290 GBP 310,000 HSBC Bank USA NA 3/27/25 8,993
USD 6,472,598 EUR 6,185,950 HSBC Bank USA NA 4/30/25 26,479
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS $(14,814)
FUTURES CONTRACTS
FIXED INCOME INDEX FUTURES CONTRACTS
Number of
Contracts
Long
Description Expiration
Date
Notional
Amount
Market
Value
Unrealized
(Depreciation)
4 U.S. Ultra Bond (CBT) 3/20/25 $491,073 $473,875 $(17,198)
TOTAL FUTURES CONTRACTS $491,073 $473,875 $(17,198)
CBT Chicago Board of Trade.
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
EUR — Euro
GBP — Great British Pound
IDR — Indonesian Rupiah
USD — United States Dollar
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).
27Pioneer Diversified High Income Fund, Inc. | 1/31/25

The following is a summary of the inputs used as of January 31, 2025 in valuing the Fund’s investments:
  Level 1 Level 2 Level 3 Total
Senior Secured Floating Rate Loan Interests $$7,071,239 $$7,071,239
Common Stocks        
Communications Equipment 108,740 108,740
Financial Services 8,843 8,843
Oil, Gas & Consumable Fuels 32 285 317
Passenger Airlines 505,354 505,354
Professional Services —* —*
All Other Common Stocks 51,669 51,669
Asset Backed Securities 5,102,525 43,000 5,145,525
Collateralized Mortgage Obligations 2,884,176 2,884,176
Commercial Mortgage-Backed Securities 10,797,623 10,797,623
Convertible Corporate Bonds 2,214,870 2,214,870
Corporate Bonds        
Banks 4,832,016 —* 4,832,016
Diversified Financial Services 7,007,692 —* 7,007,692
Pharmaceuticals —* —*
All Other Corporate Bonds 76,099,347 76,099,347
Preferred Stock 21,957 21,957
Right/Warrant 4,416 4,416
Insurance-Linked Securities        
Collateralized Reinsurance        
Multiperil – Massachusetts 229,230 229,230
Multiperil – U.S. 1,213,658 1,213,658
Multiperil – Worldwide 1,966,457 1,966,457
Windstorm – North Carolina 3,675 3,675
Windstorm – U.S. Regional 512,829 512,829
Reinsurance Sidecars        
Multiperil – U.S. 497,552 497,552
Multiperil – U.S. Regional —* —*
Multiperil – Worldwide 8,638,735 8,638,735
All Other Insurance-Linked Securities 18,971,625 18,971,625
Foreign Government Bonds 1,387,485 1,387,485
Open-End Fund 87,163 87,163
Total Investments in Securities $143,280 $137,004,934 $13,113,979 $150,262,193
Pioneer Diversified High Income Fund, Inc. | 1/31/2528

Schedule of Investments  |  1/31/25
(unaudited) (continued)
  Level 1 Level 2 Level 3 Total
Other Financial Instruments        
Net unrealized depreciation on forward foreign currency exchange contracts $$(14,814) $$(14,814)
Net unrealized depreciation on futures contracts (17,198) (17,198)
Total Other Financial Instruments $(17,198) $(14,814) $$(32,012)
* Securities valued at $0.
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
  Common
Stocks
Asset
Backed
Securities
Corporate
Bonds
Insurance-
Linked
Securities
Total
Balance as of 4/30/24 $50,188 $104,000 $—* $11,596,456 $11,750,644
Realized gain (loss) (955,892) (955,892)
Changed in unrealized appreciation (depreciation) 57,276 (72,101) (32,417) 692,346 645,104
Return of capital 11,101 —* (5,590,096) (5,578,995)
Purchases 10,106 1,169 10,874,124 10,885,400
Sales (3,554,802) (3,554,802)
Transfers in to Level 3** 13 31,248 31,260
Transfers out of Level 3** (108,740) (108,740)
Balance as of 1/31/25 $8,843 $43,000 $—* $13,062,136 $13,113,979
* Securities valued at $0.    
** Transfers are calculated on the beginning of period values. During the period ended January 31, 2025 investments having aggregate value of $50,188 was transferred out of Level 3 to Level 2, as there was significant observable inputs available to determine their value. Securities valued at $31,261 were transferred from Level 2 to Level 3, due to valuing the securities using unobservable inputs. There were no other transfers between Levels 1, 2 and 3.
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at January 31, 2025: $285,501
29Pioneer Diversified High Income Fund, Inc. | 1/31/25