Pioneer Diversified High Income Fund, Inc.
Schedule of Investments  |  July 31, 2023
 
Ticker Symbol: HNW

Schedule of Investments  |  7/31/23
(unaudited) 
Principal
Amount
USD ($)
          Value
  UNAFFILIATED ISSUERS — 140.5%  
  Senior Secured Floating Rate Loan
Interests — 3.3% of Net Assets*(a)
 
  Auto Parts & Equipment — 0.7%  
700,000 First Brands Group LLC, First Lien 2021 Term Loan, 10.881% (Term SOFR + 500 bps), 3/30/27 $   694,750
  Total Auto Parts & Equipment    $694,750
  Chemicals-Diversified — 0.1%  
125,000 LSF11 A5 Holdco LLC, Fourth Amendment Incremental Term Loan, 9.669% (Term SOFR + 425 bps), 10/15/28 $   124,406
  Total Chemicals-Diversified    $124,406
  Dialysis Centers — 0.3%  
481,248 US Renal Care, Inc., Initial Term Loan, 10.433% (LIBOR + 500 bps), 6/26/26 $   243,030
  Total Dialysis Centers    $243,030
  Distribution & Wholesale — 0.3%  
312,500(b) Windsor Holdings III LLC, Dollar Term B Loan, 8/1/30 $   311,198
  Total Distribution & Wholesale    $311,198
  Electronic Composition — 0.1%  
122,689 Natel Engineering Co., Inc., Initial Term Loan, 11.682% (Term SOFR + 625 bps), 4/30/26 $    95,390
  Total Electronic Composition     $95,390
  Medical Labs & Testing Services — 0.0%  
206,740(c) Envision Healthcare Corp., 2018 Third Out Term Loan, 9.121% (Term SOFR + 425 bps), 3/31/27 $       900
  Total Medical Labs & Testing Services        $900
  Oil-Field Services — 0.4%  
416,360 ProFrac Holdings II LLC, Term Loan, 12.78% (Term SOFR + 725 bps), 3/4/25 $   417,922
  Total Oil-Field Services    $417,922
  Physical Practice Management — 0.2%  
319,399 Team Health Holdings, Inc., Extended Term Loan, 10.569% (Term SOFR + 525 bps), 3/2/27 $   222,781
  Total Physical Practice Management    $222,781
1Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Recreational Centers — 0.2%  
191,703 Fitness International LLC, Term B Loan, 8.769% (Term SOFR + 325 bps), 4/18/25 $   191,008
  Total Recreational Centers    $191,008
  Schools — 0.1%  
100,000(b) Bach Finance Limited (aka Nord Anglia/Fugue Finance), First Lien Seventh Amendment Dollar Term Loan, 1/31/28 $   100,250
  Total Schools    $100,250
  Telecom Services — 0.9%  
1,017,312 Patagonia Holdco LLC, Amendment No.1 Term Loan, 10.789% (Term SOFR + 575 bps), 8/1/29 $   878,704
  Total Telecom Services    $878,704
  Total Senior Secured Floating Rate Loan Interests
(Cost $3,786,291)
$3,280,339
Shares            
  Common Stocks — 0.3% of Net Assets  
  Household Durables — 0.0%  
89,094(d) Desarrolladora Homex SAB de CV $        64
  Total Household Durables         $64
  Oil, Gas & Consumable Fuels — 0.0%  
6(d) Amplify Energy Corp. $        44
2,189(d) Petroquest Energy, Inc.        110
  Total Oil, Gas & Consumable Fuels        $154
  Passenger Airlines — 0.3%  
24,166(d)+ Grupo Aeromexico SAB de CV $   324,715
  Total Passenger Airlines    $324,715
  Total Common Stocks
(Cost $619,487)
   $324,933
Principal
Amount
USD ($)
           
  Asset Backed Securities — 3.4% of Net
Assets
 
500,000 ACC Auto Trust, Series 2022-A, Class D, 10.07%, 3/15/29 (144A) $   480,907
Pioneer Diversified High Income Fund, Inc. |  | 7/31/232

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Asset Backed Securities — (continued)  
500,000(a) Goldentree Loan Management US CLO 2, Ltd., Series 2017-2A, Class E, 10.288% (3 Month Term SOFR + 496 bps), 11/28/30 (144A) $   451,701
1,000,000 JPMorgan Chase Bank NA - CACLN, Series 2021-3, Class G, 9.812%, 2/26/29 (144A)    934,408
1,000,000(a) MCF CLO VII LLC, Series 2017-3A, Class ER, 14.738% (3 Month Term SOFR + 941 bps), 7/20/33 (144A)    948,768
650,000 Santander Bank Auto Credit-Linked Notes, Series 2022-A, Class E, 12.662%, 5/15/32 (144A)    597,531
  Total Asset Backed Securities
(Cost $3,615,651)
$3,413,315
  Collateralized Mortgage
Obligations—2.8% of Net Assets
 
330,000(a) Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 11.069% (SOFR30A + 600 bps), 10/25/41 (144A) $   333,264
10,309(a) DSLA Mortgage Loan Trust, Series 2005-AR6, Class 2A1C, 6.201% (1 Month Term SOFR + 95 bps), 10/19/45      10,403
100,000(a) Fannie Mae Connecticut Avenue Securities, Series 2021-R02, Class 2B2, 11.269% (SOFR30A + 620 bps), 11/25/41 (144A)    100,448
200,000(a) Freddie Mac STACR REMIC Trust, Series 2021-DNA7, Class B2, 12.869% (SOFR30A + 780 bps), 11/25/41 (144A)    207,499
450,000(a) Freddie Mac STACR REMIC Trust, Series 2021-HQA3, Class B2, 11.319% (SOFR30A + 625 bps), 9/25/41 (144A)    439,104
280,000(a) Freddie Mac STACR REMIC Trust, Series 2022-DNA2, Class B2, 13.569% (SOFR30A + 850 bps), 2/25/42 (144A)    296,446
545,000(a) Freddie Mac STACR Trust, Series 2019-DNA3, Class B2, 13.333% (SOFR30A + 826 bps), 7/25/49 (144A)    601,339
18,892 Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25%, 11/25/32 (144A)       8,504
3Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Collateralized Mortgage
Obligations—(continued)
 
500,000(e) 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, 15.683% (SOFR30A + 1,061 bps), 2/25/47 (144A)    740,582
  Total Collateralized Mortgage Obligations
(Cost $3,048,157)
$2,793,214
  Commercial Mortgage-Backed
Securities—11.5% of Net Assets
 
1,000,000(e) Benchmark Mortgage Trust, Series 2020-B18, Class AGNG, 4.388%, 7/15/53 (144A) $   849,716
500,000(a) BPR Trust, Series 2021-WILL, Class E, 12.086% (1 Month Term SOFR + 686 bps), 6/15/38 (144A)    448,185
647,148(a) BX Trust, Series 2022-PSB, Class F, 12.555% (1 Month Term SOFR + 733 bps), 8/15/39 (144A)    648,031
521,418(a) Capital Funding Mortgage Trust, Series 2020-9, Class B, 20.105% (1 Month USD LIBOR + 1,490 bps), 11/15/23 (144A)    514,909
288,017(a) Capital Funding Mortgage Trust, Series 2021-8, Class B, 18.30% (1 Month USD LIBOR + 1,310 bps), 12/15/23 (144A)    288,017
990,000(a) Capital Funding Mortgage Trust, Series 2021-19, Class B, 20.41% (1 Month USD LIBOR + 1,521 bps), 11/6/23 (144A)    964,470
7,259,070(e)(f) CD Mortgage Trust, Series 2016-CD1, Class XA, 1.364%, 8/10/49    211,894
21,504,077(e)(f) COMM Mortgage Trust, Series 2015-LC21, Class XA, 0.646%, 7/10/48    204,846
750,000(a) Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN1, Class B1, 12.819% (SOFR30A + 775 bps), 1/25/51 (144A)    717,367
180,000(a) Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN3, Class B1, 11.919% (SOFR30A + 685 bps), 11/25/51 (144A)    163,350
577,179(e) FREMF Mortgage Trust, Series 2019-KJ24, Class B, 7.60%, 10/25/27 (144A)    524,502
1,000,000(a) FREMF Mortgage Trust, Series 2019-KS12, Class C, 12.118% (1 Month USD LIBOR + 690 bps), 8/25/29    948,289
142,240(a) FREMF Mortgage Trust, Series 2020-KF74, Class C, 11.468% (1 Month USD LIBOR + 625 bps), 1/25/27 (144A)    136,310
Pioneer Diversified High Income Fund, Inc. |  | 7/31/234

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Commercial Mortgage-Backed
Securities—(continued)
 
229,450(a) FREMF Mortgage Trust, Series 2020-KF83, Class C, 14.218% (1 Month USD LIBOR + 900 bps), 7/25/30 (144A) $   214,457
1,000,000(g) FREMF Mortgage Trust, Series 2021-KG05, Class C, 0.000%, 1/25/31 (144A)    496,827
12,333,286(f) FREMF Mortgage Trust, Series 2021-KG05, Class X2A, 0.10%, 1/25/31 (144A)      65,794
1,000,000(f) FREMF Mortgage Trust, Series 2021-KG05, Class X2B, 0.10%, 1/25/31 (144A)       4,965
7,625,618(e)(f) FRESB Mortgage Trust, Series 2020-SB79, Class X1, 1.086%, 7/25/40    269,786
4,023,198(e)(f) GS Mortgage Securities Trust, Series 2014-GC24, Class XA, 0.694%, 9/10/47      20,986
500,000(e) JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class D, 4.168%, 4/15/46    310,625
6,724,972(e)(f) JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class XA, 0.846%, 11/15/47      40,687
5,876,094(e)(f) Morgan Stanley Capital I Trust, Series 2016-UB12, Class XA, 0.65%, 12/15/49    103,031
750,000(a) Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class M10, 8.933% (SOFR30A + 386 bps), 3/25/50 (144A)    721,215
900,000(e) Natixis Commercial Mortgage Securities Trust, Series 2019-FAME, Class E, 4.398%, 8/15/36 (144A)    470,781
290,000 Palisades Center Trust, Series 2016-PLSD, Class A, 2.713%, 4/13/33 (144A)    165,300
228,923(e) Velocity Commercial Capital Loan Trust, Series 2020-1, Class M5, 4.29%, 2/25/50 (144A)    171,240
1,100,000 Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00%, 5/15/48 (144A)    756,232
1,660,500(e) Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class E, 4.595%, 11/15/48 (144A)  1,046,535
  Total Commercial Mortgage-Backed Securities
(Cost $13,184,946)
$11,478,347
  Convertible Corporate Bonds — 2.2%
of Net Assets
 
  Banks — 0.0%  
IDR812,959,000 PT Bakrie & Brothers Tbk, 10/31/23 $     5,715
  Total Banks      $5,715
5Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Chemicals — 2.0%  
1,900,000(h) Hercules LLC, 6.50%, 6/30/29 $ 1,944,970
  Total Chemicals $1,944,970
  Entertainment — 0.2%  
312,000(g) DraftKings Holdings, Inc., 3/15/28 $   239,928
  Total Entertainment    $239,928
  Total Convertible Corporate Bonds
(Cost $1,844,157)
$2,190,613
  Corporate Bonds — 90.0% of Net Assets  
  Advertising — 1.3%  
645,000 Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) $   513,426
535,000 Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A)    447,383
400,000 Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A)    340,646
  Total Advertising $1,301,455
  Aerospace & Defense — 0.6%  
315,000 Spirit AeroSystems, Inc., 9.375%, 11/30/29 (144A) $   337,191
270,000 Triumph Group, Inc., 9.00%, 3/15/28 (144A)    277,326
  Total Aerospace & Defense    $614,517
  Agriculture — 1.1%  
1,310,000 Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A) $ 1,120,050
  Total Agriculture $1,120,050
  Airlines — 7.9%  
2,417,568(i) ABRA Global Finance, 11.50% (5.50% PIK or 6.00% Cash), 3/2/28 (144A) $ 2,042,447
430,000 Azul Secured Finance LLP, 11.93%, 8/28/28 (144A)    432,687
1,510,000 Grupo Aeromexico SAB de CV, 8.50%, 3/17/27 (144A)  1,367,894
285,000 Latam Airlines Group SA, 13.375%, 10/15/29 (144A)    312,022
1,059,000 Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A)  1,068,531
585,000 Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25 (144A)    590,165
EUR700,000 Transportes Aereos Portugueses SA, 5.625%, 12/2/24 (144A)    758,273
465,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 6.375%, 2/1/30 (144A)    393,609
Pioneer Diversified High Income Fund, Inc. |  | 7/31/236

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Airlines — (continued)  
745,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 7.875%, 5/1/27 (144A) $   690,777
260,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 9.50%, 6/1/28 (144A)    248,310
  Total Airlines $7,904,715
  Apparel — 0.4%  
370,000 Hanesbrands, Inc., 9.00%, 2/15/31 (144A) $   378,315
  Total Apparel    $378,315
  Auto Parts & Equipment — 1.0%  
1,046,000 Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) $   961,982
  Total Auto Parts & Equipment    $961,982
  Banks — 3.6%  
300,000(e) Banco de Galicia y Buenos Aires SAU, 7.962% (5 Year CMT Index + 716 bps), 7/19/26 (144A) $   280,500
1,135,000(e) Banco GNB Sudameris SA, 7.50% (5 Year CMT Index + 666 bps), 4/16/31 (144A)    944,887
685,000(e)(j) Banco Mercantil del Norte SA, 8.375% (10 yr. US Treasury Yield Curve Rate T Note Constant Maturity + 776 bps) (144A)    669,588
247,000 Freedom Mortgage Corp., 8.125%, 11/15/24 (144A)    245,686
911,000 Freedom Mortgage Corp., 8.25%, 4/15/25 (144A)    900,237
350,000(e)(j) ING Groep NV, 6.50% (5 Year USD Swap Rate + 445 bps)    329,879
225,000(e)(j) Intesa Sanpaolo S.p.A., 7.70% (5 Year USD Swap Rate + 546 bps) (144A)    216,563
865,000(c)(e)(j) Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A)     31,248
  Total Banks $3,618,588
  Biotechnology — 0.3%  
EUR345,000 Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) $   344,316
  Total Biotechnology    $344,316
  Building Materials — 0.4%  
464,000 Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A) $   383,960
  Total Building Materials    $383,960
  Chemicals — 4.3%  
425,000 Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) $   274,072
425,000 LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A)    354,863
7Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Chemicals — (continued)  
EUR420,000 Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A) $   374,564
300,000 LYB Finance Co. BV, 8.10%, 3/15/27 (144A)    323,808
379,000 Mativ Holdings, Inc., 6.875%, 10/1/26 (144A)    330,039
280,000 Olin Corp., 9.50%, 6/1/25 (144A)    294,341
EUR580,000 Olympus Water US Holding Corp., 9.625%, 11/15/28 (144A)    615,213
985,000 Olympus Water US Holding Corp., 9.75%, 11/15/28 (144A)    952,987
336,000 Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A)    334,320
EUR420,000 SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 7/15/28 (144A)    470,038
  Total Chemicals $4,324,245
  Commercial Services — 4.3%  
585,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) $   536,497
1,384,000 Atento Luxco 1 SA, 8.00%, 2/10/26 (144A)      27,680
473,000 Garda World Security Corp., 6.00%, 6/1/29 (144A)    393,565
958,000 Garda World Security Corp., 9.50%, 11/1/27 (144A)    937,743
625,000 Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A)    574,909
935,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A)    880,238
558,000 Sotheby's, 7.375%, 10/15/27 (144A)    494,311
411,000 Verscend Escrow Corp., 9.75%, 8/15/26 (144A)    412,170
  Total Commercial Services $4,257,113
  Diversified Financial Services — 6.6%  
1,000,000 ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) $   970,000
385,381(i) Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A)    335,981
1,110,000 Bread Financial Holdings, Inc., 7.00%, 1/15/26 (144A)  1,072,062
275,000(c) Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A)      30,250
EUR235,000 Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A)    188,088
GBP400,000 Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A)    369,091
1,112,739(i) Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A)  1,048,656
EUR840,000 Intrum AB, 9.25%, 3/15/28 (144A)    802,360
610,000 OneMain Finance Corp., 9.00%, 1/15/29    619,821
355,000 PHH Mortgage Corp., 7.875%, 3/15/26 (144A)    319,571
Pioneer Diversified High Income Fund, Inc. |  | 7/31/238

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Diversified Financial Services — (continued)  
1,174,000(c) Unifin Financiera SAB de CV, 8.375%, 1/27/28 (144A) $    54,229
865,000 United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A)    809,320
  Total Diversified Financial Services $6,619,429
  Electric — 0.9%  
400,000 Cemig Geracao e Transmissao SA, 9.25%, 12/5/24 (144A) $   402,600
38,701 NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A)      38,411
445,000 Talen Energy Supply LLC, 8.625%, 6/1/30 (144A)    461,856
7,000 Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A)      6,768
  Total Electric    $909,635
  Electrical Components & Equipments — 0.6%  
350,000 WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) $   354,016
245,000 WESCO Distribution, Inc., 7.25%, 6/15/28 (144A)    249,846
  Total Electrical Components & Equipments    $603,862
  Energy-Alternate Sources — 0.1%  
95,649(i) SCC Power Plc, 4.00% (4.00% PIK or 4.00% Cash), 5/17/32 (144A) $     9,421
176,583(i) SCC Power Plc, 8.00% (4.00% PIK or 4.00% Cash or 8.00% Cash), 12/31/28 (144A)     57,831
  Total Energy-Alternate Sources     $67,252
  Engineering & Construction — 0.2%  
230,000 IHS Holding, Ltd., 6.25%, 11/29/28 (144A) $   189,612
  Total Engineering & Construction    $189,612
  Entertainment — 2.0%  
EUR310,000 Lottomatica S.p.A./Roma, 7.125%, 6/1/28 (144A) $   349,366
EUR325,000 Lottomatica S.p.A./Roma, 9.75%, 9/30/27 (144A)    387,265
700,000 Mohegan Tribal Gaming Authority, 8.00%, 2/1/26 (144A)    647,500
295,000 Scientific Games International, Inc., 7.00%, 5/15/28 (144A)    293,938
295,000 Scientific Games International, Inc., 7.25%, 11/15/29 (144A)    294,262
  Total Entertainment $1,972,331
9Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Environmental Control — 0.4%  
367,000 Tervita Corp., 11.00%, 12/1/25 (144A) $   385,350
  Total Environmental Control    $385,350
  Food — 0.4%  
555,000 Aragvi Finance International DAC, 8.45%, 4/29/26 (144A) $   378,566
  Total Food    $378,566
  Healthcare-Products — 0.2%  
239,000 Varex Imaging Corp., 7.875%, 10/15/27 (144A) $   239,000
  Total Healthcare-Products    $239,000
  Healthcare-Services — 2.6%  
445,000 Auna SAA, 6.50%, 11/20/25 (144A) $   389,375
550,000 Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A)    522,495
357,000 RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26 (144A)    334,747
626,000 Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A)    640,620
765,000 US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A)    668,480
  Total Healthcare-Services $2,555,717
  Home Builders — 0.9%  
885,000 Beazer Homes USA, Inc., 7.25%, 10/15/29 $   869,785
  Total Home Builders    $869,785
  Home Furnishings — 1.0%  
EUR930,000 International Design Group S.p.A., 6.50%, 11/15/25 (144A) $   991,450
  Total Home Furnishings    $991,450
  Insurance — 5.1%  
4,600,000 Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) $ 5,032,128
  Total Insurance $5,032,128
  Iron & Steel — 2.0%  
845,000 Carpenter Technology Corp., 7.625%, 3/15/30 $   861,849
613,000 Metinvest BV, 7.75%, 10/17/29 (144A)    355,540
870,000 TMS International Corp., 6.25%, 4/15/29 (144A)    727,538
  Total Iron & Steel $1,944,927
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2310

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Leisure Time — 2.0%  
100,000 Carnival Corp., 7.625%, 3/1/26 (144A) $    98,651
EUR130,000 Carnival Corp., 7.625%, 3/1/26 (144A)    140,791
135,000 Carnival Corp., 10.50%, 2/1/26 (144A)    142,305
120,000 Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A)    130,938
400,000 NCL Corp., Ltd., 5.875%, 3/15/26 (144A)    378,503
170,000 NCL Finance, Ltd., 6.125%, 3/15/28 (144A)    154,700
90,000 Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A)      95,348
595,000 Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A)    649,693
245,000 Viking Cruises, Ltd., 6.25%, 5/15/25 (144A)    240,504
  Total Leisure Time $2,031,433
  Lodging — 0.7%  
800,000(k) Grupo Posadas S.A.B de CV, 5.00%, 12/30/27 (144A) $   683,000
  Total Lodging    $683,000
  Media — 1.4%  
400,000 CSC Holdings LLC, 5.375%, 2/1/28 (144A) $   334,027
1,210,000 McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A)  1,040,600
  Total Media $1,374,627
  Metal Fabricate/Hardware — 0.3%  
385,000 Park-Ohio Industries, Inc., 6.625%, 4/15/27 $   338,371
  Total Metal Fabricate/Hardware    $338,371
  Mining — 2.3%  
633,000 Eldorado Gold Corp., 6.25%, 9/1/29 (144A) $   566,609
400,000 First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A)    393,288
1,260,000 First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A)  1,289,925
  Total Mining $2,249,822
  Oil & Gas — 17.6%  
1,160,000 Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) $ 1,151,185
910,000 Baytex Energy Corp., 8.50%, 4/30/30 (144A)    922,131
1,685,000 Baytex Energy Corp., 8.75%, 4/1/27 (144A)  1,726,813
294,000 Cenovus Energy, Inc., 6.75%, 11/15/39    309,141
520,000 Civitas Resources, Inc., 8.375%, 7/1/28 (144A)    534,851
520,000 Civitas Resources, Inc., 8.75%, 7/1/31 (144A)    538,200
11Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Oil & Gas — (continued)  
1,510,000 Energean Plc, 6.50%, 4/30/27 (144A) $ 1,375,610
383,000 International Petroleum Corp., 7.25%, 2/1/27 (144A)    355,999
405,000 Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A)    371,929
590,000 Matador Resources Co., 6.875%, 4/15/28 (144A)    586,346
1,309,271 MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A)    849,942
605,000 Murphy Oil Corp., 6.375%, 7/15/28    602,334
515,000 Nabors Industries, Ltd., 7.50%, 1/15/28 (144A)    472,377
603,000 Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A)    598,569
175,000 Noble Finance II LLC, 8.00%, 4/15/30 (144A)    180,031
955,000 Occidental Petroleum Corp., 4.40%, 4/15/46    756,212
800,000 Petroleos Mexicanos, 5.95%, 1/28/31    593,971
271,000 Precision Drilling Corp., 6.875%, 1/15/29 (144A)    255,545
455,000 Seadrill Finance, Ltd., 8.375%, 8/1/30 (144A)    464,419
395,000 Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A)    377,225
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)    709,132
860,000 Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)    755,105
120,000 Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A)    123,900
785,000 Tullow Oil Plc, 10.25%, 5/15/26 (144A)    638,205
725,000 Valaris, Ltd., 8.375%, 4/30/30 (144A)    741,820
1,195,000 YPF SA, 6.95%, 7/21/27 (144A)  1,015,750
  Total Oil & Gas $17,487,942
  Oil & Gas Services — 1.2%  
521,000 Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) $   507,969
630,000 Enerflex, Ltd., 9.00%, 10/15/27 (144A)    633,903
  Total Oil & Gas Services $1,141,872
  Packaging & Containers — 1.1%  
EUR425,000 Fiber Bidco S.p.A., 11.00%, 10/25/27 (144A) $   503,502
580,000 Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31 (144A)    589,408
  Total Packaging & Containers $1,092,910
  Pharmaceuticals — 1.0%  
790,000 P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) $   681,762
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2312

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Pharmaceuticals — (continued)  
381,000 Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) $   280,003
300,000 Tricida, Inc., 3.50%, 5/15/27          —
300,000 Tricida, Inc., 3.50%, 5/15/27         —
  Total Pharmaceuticals    $961,765
  Pipelines — 6.0%  
800,020 Acu Petroleo Luxembourg S.a.r.l., 7.50%, 7/13/35 (144A) $   715,744
555,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25    544,272
510,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A)    471,750
450,000(a) Energy Transfer LP, 8.651% (3 Month Term SOFR + 328 bps), 11/1/66    358,672
915,000(e)(j) Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)    803,646
118,000 EnLink Midstream Partners LP, 5.05%, 4/1/45      93,884
145,000 EnLink Midstream Partners LP, 5.45%, 6/1/47    119,941
344,000 EnLink Midstream Partners LP, 5.60%, 4/1/44    283,081
365,000 Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27    359,217
197,000 Global Partners LP/GLP Finance Corp., 7.00%, 8/1/27    192,566
310,000 Venture Global LNG, Inc., 8.125%, 6/1/28 (144A)    315,078
575,000 Venture Global LNG, Inc., 8.375%, 6/1/31 (144A)    583,462
1,175,000 Williams Cos., Inc., 5.75%, 6/24/44  1,150,190
  Total Pipelines $5,991,503
  REITs — 1.0%  
890,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A) $   588,513
10,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A)       6,956
410,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A)    407,548
  Total REITs $1,003,017
  Retail — 0.3%  
389,000 Staples, Inc., 7.50%, 4/15/26 (144A) $   321,370
  Total Retail    $321,370
13Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Software — 0.4%  
505,000 AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) $   427,892
  Total Software    $427,892
  Telecommunications — 3.7%  
695,000 Altice France Holding SA, 6.00%, 2/15/28 (144A) $   258,649
607,000 Altice France Holding SA, 10.50%, 5/15/27 (144A)    256,848
200,000 Altice France SA, 8.125%, 2/1/27 (144A)    163,596
750,000(c) Digicel, Ltd., 6.75%, 3/1/24    120,000
836,000 Kenbourne Invest SA, 6.875%, 11/26/24 (144A)    734,050
850,000 Sprint LLC, 7.625%, 3/1/26    884,724
850,000 Total Play Telecomunicaciones SA de CV, 6.375%, 9/20/28 (144A)    487,624
875,000 Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A)    736,978
  Total Telecommunications $3,642,469
  Transportation — 2.5%  
1,245,000 Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) $   980,288
655,000 Danaos Corp., 8.50%, 3/1/28 (144A)    661,852
400,000 Simpar Europe SA, 5.20%, 1/26/31 (144A)    323,486
575,000 Watco Cos. LLC/Watco Finance Corp., 6.50%, 6/15/27 (144A)    550,942
965,000 Western Global Airlines LLC, 10.375%, 8/15/25 (144A)      4,825
  Total Transportation $2,521,393
  Trucking & Leasing — 0.3%  
325,000 Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) $   338,379
  Total Trucking & Leasing    $338,379
  Total Corporate Bonds
(Cost $98,161,600)
$89,576,065
Shares            
  Preferred Stock — 0.6% of Net Assets  
  Capital Markets — 0.1%  
1,322 B Riley Financial, Inc., 6.75%, 5/31/24 $    32,204
  Total Capital Markets     $32,204
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2314

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Shares           Value
  Financial Services — 0.5%  
500(e)(j) Compeer Financial ACA, 6.75% (3 Month USD LIBOR + 484 bps) (144A) $   503,758
  Total Financial Services    $503,758
  Internet — 0.0%  
50,188 MYT Holding LLC, 10.00%, 6/6/29 $    28,858
  Total Internet     $28,858
  Total Preferred Stock
(Cost $624,106)
   $564,820
  Right/Warrant — 0.0% of Net Assets  
  Trading Companies & Distributors — 0.0%  
GBP6,475(d) Avation Plc, 1/1/59 $     4,155
  Total Trading Companies & Distributors      $4,155
  Total Right/Warrant
(Cost $—)
     $4,155
Principal
Amount
USD ($)
           
  Insurance-Linked Securities — 25.3% of
Net Assets#
 
  Event Linked Bonds — 12.0%  
  Earthquakes – California — 0.6%  
250,000(a) Sutter Re, 15.159%, (3 Month U.S. Treasury Bill + 975 bps), 6/19/26 (144A) $   251,750
300,000(a) Torrey Pines Re, 10.409%, (3 Month U.S. Treasury Bill + 500 bps), 6/5/26 (144A)    301,950
               $553,700
  Earthquakes – U.S. — 0.3%  
250,000(a) Ursa Re, 10.909%, (3 Month U.S. Treasury Bill + 550 bps), 12/6/25 (144A) $   250,000
  Flood – U.S. — 0.7%  
250,000(a) FloodSmart Re, 17.239%, (3 Month U.S. Treasury Bill + 1,183 bps), 2/25/25 (144A) $   243,650
250,000(a) FloodSmart Re, 18.989%, (3 Month U.S. Treasury Bill + 1,358 bps), 3/1/24 (144A)    241,750
250,000(a) FloodSmart Re, 21.659%, (1 Month U.S. Treasury Bill + 1,625 bps), 3/11/26 (144A)    257,350
               $742,750
15Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Multiperil – Florida — 0.5%  
500,000(a) Sanders Re, 13.409%, (3 Month U.S. Treasury Bill + 800 bps), 6/5/26 (144A) $   509,500
  Multiperil – U.S. — 2.8%  
400,000(a) Caelus Re V, 5.533%, (1 Month USD LIBOR + 10 bps), 6/5/24 (144A) $    32,000
250,000(a) Four Lakes Re, 12.709%, (3 Month U.S. Treasury Bill + 730 bps), 1/5/24 (144A)    244,675
250,000(a) Four Lakes Re, 15.569%, (3 Month U.S. Treasury Bill + 1,016 bps), 1/5/24 (144A)    244,925
500,000(a) Matterhorn Re, 13.00%, (SOFR + 775 bps), 3/24/25 (144A)    478,550
375,000(a) Residential Re, 12.409%, (3 Month U.S. Treasury Bill + 700 bps), 12/6/26 (144A)    372,337
500,000(a) Residential Re, 17.319%, (3 Month U.S. Treasury Bill + 1,191 bps), 12/6/25 (144A)    475,900
250,000(a) Residential Re, 17.799%, (3 Month U.S. Treasury Bill + 1,239 bps), 12/6/23 (144A)    238,075
250,000(a) Sanders Re III, 11.159%, (3 Month U.S. Treasury Bill + 575 bps), 4/7/27 (144A)    245,975
250,000(a) Solomon Re, 10.659%, (3 Month U.S. Treasury Bill + 525 bps), 6/8/26 (144A)    250,150
250,000(a) Stabilitas Re, 13.909%, (3 Month U.S. Treasury Bill + 850 bps), 6/5/26 (144A)    251,975
             $2,834,562
  Multiperil – U.S. & Canada — 1.7%  
250,000(a) Kilimanjaro III Re, 17.769%, (3 Month U.S. Treasury Bill + 1,236 bps), 4/21/25 (144A) $   237,275
250,000(a) Kilimanjaro III Re, 17.769%, (3 Month U.S. Treasury Bill + 1,236 bps), 4/20/26 (144A)    232,825
250,000(a) Matterhorn Re, 10.949%, (SOFR + 575 bps), 12/8/25 (144A)    223,450
250,000(a) Mona Lisa Re, 17.909%, (3 Month U.S. Treasury Bill + 1,250 bps), 1/8/26 (144A)    269,000
250,000(a) Mystic Re IV, 11.539%, (3 Month U.S. Treasury Bill + 613 bps), 1/8/25 (144A)    234,800
500,000(a) Mystic Re IV, 11.69%, (3 Month U.S. Treasury Bill + 1,160 bps), 1/8/25 (144A)    471,050
             $1,668,400
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2316

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Multiperil – U.S. Regional — 0.5%  
250,000(a) Aquila Re, 12.909%, (3 Month U.S. Treasury Bill + 750 bps), 6/8/26 (144A) $   249,800
250,000(a) Aquila Re, 14.659%, (3 Month U.S. Treasury Bill + 925 bps), 6/8/26 (144A)    253,125
               $502,925
  Multiperil – Worldwide — 0.3%  
250,000(a) Atlas Capital Re, 12.55%, (SOFR + 725 bps), 6/5/26 (144A) $   251,825
  Pandemic – U.S — 0.2%  
250,000(a) Vitality Re XI, 7.209%, (3 Month U.S. Treasury Bill + 180 bps), 1/9/24 (144A) $   247,150
  Windstorm – Florida — 0.2%  
250,000(a) Integrity Re, 12.409%, (3 Month U.S. Treasury Bill + 700 bps), 6/6/25 (144A) $   225,000
  Windstorm – Jamaica — 0.2%  
250,000(a) International Bank for Reconstruction & Development, 9.686%, (SOFR + 440 bps), 12/29/23 (144A) $   245,225
  Windstorm – North Carolina — 0.5%  
250,000(a) Cape Lookout Re, 9.109%, (1 Month U.S. Treasury Bill + 370 bps), 3/22/24 (144A) $   243,050
250,000(a) Cape Lookout Re, 10.409%, (3 Month U.S. Treasury Bill + 500 bps), 3/28/25 (144A)    235,700
               $478,750
  Windstorm – U.S. — 2.5%  
250,000(a) Alamo Re, 13.909%, (1 Month U.S. Treasury Bill + 850 bps), 6/7/26 (144A) $   252,250
250,000(a) Bonanza Re, 11.159%, (3 Month U.S. Treasury Bill + 575 bps), 3/16/25 (144A)    175,000
250,000(a) Bonanza Re, 13.659%, (3 Month U.S. Treasury Bill + 825 bps), 1/8/26 (144A)    246,900
250,000(a) Cape Lookout Re, 11.909%, (1 Month U.S. Treasury Bill + 650 bps), 4/28/26 (144A)    252,625
250,000(a) Gateway Re, 18.409%, (1 Month U.S. Treasury Bill + 1,300 bps), 2/24/26 (144A)    260,325
250,000(a) Gateway Re II, 14.909%, (3 Month U.S. Treasury Bill + 950 bps), 4/27/26 (144A)    246,775
250,000(a) Merna Re II, 15.659%, (3 Month U.S. Treasury Bill + 1,025 bps), 7/7/26 (144A)    258,925
17Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Principal
Amount
USD ($)
          Value  
  Windstorm – U.S. — (continued)    
250,000(a) Purple Re, 17.659%, (1 Month U.S. Treasury Bill + 1,225 bps), 4/24/26 (144A) $   249,475  
500,000(a) Queen Street Re, 12.909%, (3 Month U.S. Treasury Bill + 750 bps), 12/8/25 (144A)    501,350  
             $2,443,625  
  Windstorm – U.S. Regional — 0.5%    
250,000(a) Citrus Re, 12.136%, (3 Month U.S. Treasury Bill + 675 bps), 6/7/26 (144A) $   250,725  
250,000(a) Citrus Re, 14.386%, (3 Month U.S. Treasury Bill + 900 bps), 6/7/26 (144A)    249,400  
               $500,125  
  Winterstorm – Florida — 0.5%    
250,000(a) Integrity Re, 17.409%, (1 Month U.S. Treasury Bill + 1,200 bps), 6/6/25 (144A) $   253,650  
250,000(a) Lightning Re, 16.409%, (3 Month U.S. Treasury Bill + 1,100 bps), 3/31/26 (144A)    256,950  
               $510,600  
  Total Event Linked Bonds $11,964,137  
Face
Amount
USD ($)
           
  Collateralized Reinsurance — 3.3%  
  Multiperil – Massachusetts — 0.2%  
250,000(d)(l)+ Portsalon Re 2022, 5/31/28 $   229,230
  Multiperil – U.S. — 1.1%  
250,000(d)(l)+ Ballybunion Re 2020, 2/29/24 $    28,244
100,000(d)(l)+ Ballybunion Re 2021-3, 7/31/25       2,236
264,839(d)(l)+ Ballybunion Re 2022, 12/31/27       5,019
250,000(d)(l)+ Ballybunion Re 2022-2, 5/31/28    253,877
97,898(d)(l)+ Ballybunion Re 2022-3, 6/30/28    101,286
264,416(d)(l)+ Ballybunion Re 2023, 12/31/28    273,045
500,000(d)(l)+ Gamboge Re, 3/31/29    455,982
             $1,119,689
  Multiperil – Worldwide — 1.7%  
250,000(d)(l)+ Amaranth Re 2023, 12/31/28 $   239,618
650,000(d)(l)+ Cypress Re 2017, 1/31/24          65
462,683(d)(l)+ Dartmouth Re 2018, 1/31/24      69,360
100,000(d)(l)+ Dartmouth Re 2021, 12/31/24      32,859
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2318

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
27,000(d)(l)+ Limestone Re 2019-2B, 10/1/23 (144A) $        —
500,000(d)(l)+ Merion Re 2023-1, 12/31/28    490,876
250,000(d)(l)+ Old Head Re 2022, 12/31/27    125,000
250,000(d)(l)+ Old Head Re 2023, 12/31/28    222,534
250,000(d)(l)+ Porthcawl Re 2023, 12/31/28    234,852
700,000(d)(l)+ Resilience Re, 5/1/24          —
250,000(d)(l)+ Walton Health Re 2019, 6/30/24    132,008
250,000(d)(l)+ Walton Health Re 2022, 12/15/27    176,160
             $1,723,332
  Windstorm – Florida — 0.0%  
750,000(d)(l)+ Portrush Re 2017, 6/15/24 $        75
  Windstorm – U.S. Regional — 0.3%  
1,015,734(l)+ Oakmont Re 2020, 4/30/24 $        —
750,000(d)(l)+ Oakmont Re 2022, 4/1/28    235,879
               $235,879
  Total Collateralized Reinsurance $3,308,205
  Reinsurance Sidecars — 10.0%  
  Multiperil – U.S. — 0.3%  
250,000(d)(l)+ Carnoustie Re 2020, 12/31/23 $    28,832
226,387(d)(l)+ Carnoustie Re 2023, 12/31/28    246,762
1,000,000(d)(m)+ Harambee Re 2018, 12/31/24          —
1,000,000(m)+ Harambee Re 2019, 12/31/24       1,800
500,000(m)+ Harambee Re 2020, 12/31/23      7,050
               $284,444
  Multiperil – U.S. Regional — 0.0%  
250,000(d)(l)+ Brotherhood Re, 1/31/24 $        —
  Multiperil – Worldwide — 9.7%  
24,550(m)+ Alturas Re 2019-3, 9/12/23 $     2,308
225,450(m)+ Alturas Re 2020-3, 9/30/24          —
439,922(d)(m)+ Alturas Re 2021-2, 12/31/24          —
213,682(d)(m)+ Alturas Re 2021-3, 7/31/25      27,052
376,048(d)(m)+ Alturas Re 2022-2, 12/31/27    108,715
500,000(d)(l)+ Bantry Re 2021, 12/31/24       1,000
417,157(d)(l)+ Bantry Re 2022, 12/31/27      48,749
1,000,000(d)(l)+ Bantry Re 2023, 12/31/28  1,119,978
1,128,124(d)(l)+ Berwick Re 2019-1, 12/31/24    179,936
993,323(d)(l)+ Berwick Re 2020-1, 12/31/23          99
750,000(d)(l)+ Berwick Re 2022, 12/31/27      47,819
1,000,000(d)(l)+ Berwick Re 2023, 12/31/28  1,119,971
19Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
500,000(l)+ Eccleston Re 2023, 11/30/28 $   514,574
70,000(d)(l)+ Eden Re II, 3/22/24 (144A)      25,690
49,927(d)(l)+ Eden Re II, 3/21/25 (144A)      17,365
80,000(d)(l)+ Eden Re II, 3/20/26 (144A)      48,662
300,000(d)(l)+ Eden Re II, 3/19/27 (144A)    318,660
250,000(d)(l)+ Gleneagles Re 2021, 12/31/24          25
250,000(d)(l)+ Gleneagles Re 2022, 12/31/27    123,581
1,059,157(l)+ Gullane Re 2018, 12/31/24      50,018
1,000,000(d)(l)+ Gullane Re 2023, 12/31/28  1,109,346
250,000(d)(m)+ Lion Rock Re 2020, 1/31/24          —
250,000(d)(m)+ Lion Rock Re 2021, 12/31/24      52,325
498,977(d)(m)+ Lorenz Re 2019, 6/30/24       5,539
500,000(l)+ Merion Re 2018-2, 12/31/24      34,992
500,000(d)(l)+ Merion Re 2021-2, 12/31/24      98,250
363,953(d)(l)+ Merion Re 2022-2, 12/31/27    345,068
1,000,000(d)(l)+ Pangaea Re 2023-1, 12/31/28  1,120,000
250,000(l)+ Pangaea Re 2023-3, 5/31/29    260,000
250,000(d)(l)+ Phoenix 3 Re 2023-3, 1/4/27    264,950
200,000(l)+ Sector Re V, 3/1/24 (144A)    101,480
25,000(l)+ Sector Re V, 12/1/24 (144A)      43,035
15,000(a)(d)(l)+ Sector Re V, 12/1/26 (144A)      86,337
4,500(a)(d)(l)+ Sector Re V, 12/1/26 (144A)      25,901
500,000(d)(l)+ Sector Re V, 12/1/27 (144A)    545,850
515,671(l)+ Sussex Re 2020-1, 12/31/24         670
250,000(l)+ Sussex Re 2021-1, 12/31/24       8,200
500,000(d)(l)+ Sussex Re 2022, 12/31/27      39,750
313,499(m)+ Thopas Re 2019, 12/31/24       1,035
300,000(m)+ Thopas Re 2020, 12/31/23          —
250,000(m)+ Thopas Re 2021, 12/31/24       4,025
250,000(m)+ Thopas Re 2022, 12/31/27          —
766,025(d)(m)+ Thopas Re 2023, 12/31/28    852,509
375,860(m)+ Torricelli Re 2021, 7/31/25      11,877
500,000(d)(m)+ Torricelli Re 2022, 6/30/28          —
750,000(m)+ Torricelli Re 2023, 6/30/29    768,930
500,000(d)(m)+ Viribus Re 2018, 12/31/24          —
212,306(m)+ Viribus Re 2019, 12/31/24       1,507
240,783(d)(m)+ Viribus Re 2020, 12/31/23       8,307
221,888(m)+ Viribus Re 2022, 12/31/27      10,917
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2320

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
507,289(d)(l)+ Woburn Re 2018, 12/31/24 $    10,061
499,829(d)(l)+ Woburn Re 2019, 12/31/24     86,511
             $9,651,574
  Total Reinsurance Sidecars $9,936,018
  Total Insurance-Linked Securities
(Cost $25,559,182)
$25,208,360
Principal
Amount
USD ($)
           
  Foreign Government Bonds — 1.0% of
Net Assets
 
  Angola — 0.4%  
448,000 Angolan Government International Bond, 8.250%, 5/9/28 (144A) $   412,048
  Total Angola    $412,048
  Ghana — 0.4%  
320,000(c) Ghana Government International Bond, 7.875%, 2/11/35 (144A) $   145,600
500,000(c) Ghana Government International Bond, 8.627%, 6/16/49    222,500
  Total Ghana    $368,100
  Ukraine — 0.2%  
750,000(c) Ukraine Government International Bond, 8.994%, 2/1/26 (144A) $   241,289
  Total Ukraine    $241,289
  Total Foreign Government Bonds
(Cost $2,022,397)
$1,021,437
21Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Shares           Value
  SHORT TERM INVESTMENTS — 0.1% of Net
Assets
 
  Open-End Fund — 0.1%  
141,400(n) Dreyfus Government Cash Management,
Institutional Shares, 5.14%
$   141,400
               $141,400
  TOTAL SHORT TERM INVESTMENTS
(Cost $141,400)
   $141,400
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 $1,098
  Total Over The Counter (OTC) Currency Put Option Purchased
(Premiums paid $ 28,531)
$1,098
  TOTAL OPTIONS PURCHASED
(Premiums paid $ 28,531)
$1,098
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 140.5%
(Cost $152,635,905)
$139,998,096
  Over The Counter (OTC) Currency Call Option Written — (0.0%)  
(1,350,000) Call EUR Put USD Citibank NA EUR 28,531 EUR 1.10 11/28/23 $(26,591)
  Total Over The Counter (OTC) Currency Call Option Written
(Premiums received $28,531)
$(26,591)
  OTHER ASSETS AND LIABILITIES — (40.5)% $(40,374,761)
  net assets — 100.0% $99,596,744
             
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.
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2322

Schedule of Investments  |  7/31/23
(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 July 31, 2023, the value of these securities amounted to $109,428,650, or 109.9% of net assets.
(a) Floating rate note. Coupon rate, reference index and spread shown at July 31, 2023.
(b) This term loan will settle after July 31, 2023, at which time the interest rate will be determined.
(c) Security is in default.
(d) Non-income producing security.
(e) The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at July 31, 2023.
(f) Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities.
(g) Security issued with a zero coupon. Income is recognized through accretion of discount.
(h) Security is priced as a unit.
(i) Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
(j) Security is perpetual in nature and has no stated maturity date.
(k) Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at July 31, 2023.
(l) Issued as participation notes.
(m) Issued as preference shares.
(n) Rate periodically changes. Rate disclosed is the 7-day yield at July 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 July 31, 2023.
Amount rounds to less than 0.1%.
+ Security is valued using significant unobservable inputs (Level 3).
# Securities are restricted as to resale.
Restricted Securities Acquisition date Cost Value
Alamo Re 4/12/2023 $250,000 $252,250
Alturas Re 2019-3 6/26/2019 24,550 2,308
Alturas Re 2020-3 8/3/2020
Alturas Re 2021-2 2/16/2021 22,989
Alturas Re 2021-3 8/16/2021 50,285 27,052
Alturas Re 2022-2 1/18/2022 113,382 108,715
Amaranth Re 2023 1/27/2023 208,962 239,618
23Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Restricted Securities Acquisition date Cost Value
Aquila Re 5/10/2023 $250,000 $249,800
Aquila Re 5/10/2023 250,000 253,125
Atlas Capital Re 5/17/2023 250,000 251,825
Ballybunion Re 2020 12/31/2019 17,156 28,244
Ballybunion Re 2021-3 8/2/2021 2,102 2,236
Ballybunion Re 2022 3/9/2022 423 5,019
Ballybunion Re 2022-2 8/9/2022 250,000 253,877
Ballybunion Re 2022-3 8/9/2022 97,898 101,286
Ballybunion Re 2023 3/21/2023 264,416 273,045
Bantry Re 2021 1/11/2021 8,143 1,000
Bantry Re 2022 2/2/2022 30,944 48,749
Bantry Re 2023 1/12/2023 1,000,000 1,119,978
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 46,769 47,819
Berwick Re 2023 2/1/2023 1,000,000 1,119,971
Bonanza Re 1/6/2023 250,000 246,900
Bonanza Re 7/25/2023 208,046 175,000
Brotherhood Re 1/22/2018 39,767
Caelus Re V 4/27/2017 400,000 32,000
Cape Lookout Re 3/9/2021 250,000 243,050
Cape Lookout Re 3/16/2022 250,000 235,700
Cape Lookout Re 4/14/2023 250,000 252,625
Carnoustie Re 2020 7/16/2020 6,309 28,832
Carnoustie Re 2023 3/22/2023 226,387 246,762
Citrus Re 4/27/2023 250,000 249,400
Citrus Re 4/27/2023 250,000 250,725
Cypress Re 2017 1/24/2017 2,185 65
Dartmouth Re 2018 1/18/2018 159,773 69,360
Dartmouth Re 2021 1/19/2021 13,333 32,859
Eccleston Re 2023 7/13/2023 500,000 514,574
Eden Re II 12/23/2019 57,847 25,690
Eden Re II 1/25/2021 39,921 17,365
Eden Re II 1/21/2022 69,182 48,662
Eden Re II 1/17/2023 300,000 318,660
FloodSmart Re 2/8/2022 248,869 241,750
FloodSmart Re 2/14/2022 250,000 243,650
FloodSmart Re 2/23/2023 250,000 257,350
Four Lakes Re 11/5/2020 250,000 244,675
Four Lakes Re 11/5/2020 250,000 244,925
Gamboge Re 4/20/2023 422,596 455,982
Gateway Re 2/3/2023 250,000 260,325
Gateway Re II 4/13/2023 250,000 246,775
Gleneagles Re 2021 1/13/2021 4,575 25
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2324

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Restricted Securities Acquisition date Cost Value
Gleneagles Re 2022 1/18/2022 $115,769 $123,581
Gullane Re 2018 3/26/2018 50,018
Gullane Re 2023 1/10/2023 1,000,000 1,109,346
Harambee Re 2018 12/19/2017 21,232
Harambee Re 2019 12/20/2018 1,800
Harambee Re 2020 2/27/2020 7,050
Integrity Re 5/9/2022 250,000 225,000
Integrity Re 3/23/2023 250,000 253,650
International Bank for Reconstruction & Development 7/19/2021 250,000 245,225
Kilimanjaro III Re 4/8/2021 250,000 237,275
Kilimanjaro III Re 4/8/2021 250,000 232,825
Lightning Re 3/20/2023 250,000 256,950
Limestone Re 2019-2B 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 93,709 5,539
Matterhorn Re 12/15/2021 250,000 223,450
Matterhorn Re 3/10/2022 500,000 478,550
Merion Re 2018-2 12/28/2017 34,992
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 441,808 490,876
Merna Re II 4/5/2023 250,000 258,925
Mona Lisa Re 12/30/2022 250,000 269,000
Mystic Re IV 6/9/2021 500,000 471,050
Mystic Re IV 10/26/2021 249,106 234,800
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 168,991 222,534
Pangaea Re 2023-1 1/23/2023 1,000,000 1,120,000
Pangaea Re 2023-3 7/5/2023 250,000 260,000
Phoenix 3 Re 2023-3 12/21/2020 224,140 264,950
Porthcawl Re 2023 1/23/2023 197,811 234,852
Portrush Re 2017 6/12/2017 575,239 75
Portsalon Re 2022 7/15/2022 202,158 229,230
Purple Re 4/6/2023 250,000 249,475
Queen Street Re 5/12/2023 500,000 501,350
Residential Re 11/5/2019 250,000 238,075
Residential Re 10/28/2021 500,000 475,900
Residential Re 11/22/2022 375,000 372,337
Resilience Re 2/8/2017 339
Sanders Re 5/24/2023 500,000 509,500
25Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Restricted Securities Acquisition date Cost Value
Sanders Re III 3/24/2023 $250,000 $245,975
Sector Re V 4/23/2019 136,333 101,480
Sector Re V 12/4/2019 419 43,035
Sector Re V 12/6/2021 15,000 86,337
Sector Re V 1/5/2022 4,500 25,901
Sector Re V 12/30/2022 500,000 545,850
Solomon Re 6/12/2023 250,000 250,150
Stabilitas Re 6/7/2023 250,000 251,975
Sussex Re 2020-1 1/21/2020 670
Sussex Re 2021-1 1/26/2021 6,173 8,200
Sussex Re 2022 1/5/2022 2,192 39,750
Sutter Re 6/6/2023 250,000 251,750
Thopas Re 2019 2/13/2019 1,035
Thopas Re 2020 12/30/2019
Thopas Re 2021 1/22/2021 4,025
Thopas Re 2022 2/15/2022
Thopas Re 2023 2/13/2023 766,025 852,509
Torrey Pines Re 5/18/2023 300,000 301,950
Torricelli Re 2021 7/2/2021 11,877
Torricelli Re 2022 7/26/2022
Torricelli Re 2023 7/19/2023 750,000 768,930
Ursa Re 4/12/2023 250,000 250,000
Viribus Re 2018 12/22/2017 10,559
Viribus Re 2019 3/25/2019 1,507
Viribus Re 2020 3/12/2020 24,541 8,307
Viribus Re 2022 4/18/2022 10,917
Vitality Re XI 1/23/2020 250,000 247,150
Walton Health Re 2019 7/18/2019 76,159 132,008
Walton Health Re 2022 7/13/2022 140,587 176,160
Woburn Re 2018 3/20/2018 152,369 10,061
Woburn Re 2019 1/30/2019 69,247 86,511
Total Restricted Securities     $25,208,360
% of Net assets     25.3%
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2326

Schedule of Investments  |  7/31/23
(unaudited) (continued)
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency
Purchased
In
Exchange for
Currency
Sold
Deliver Counterparty Settlement
Date
Unrealized
Appreciation
(Depreciation)
EUR 191,000 USD 207,017 HSBC Bank USA NA 8/25/23 $3,261
EUR 2,370,000 USD 2,591,645 JPMorgan Chase Bank NA 9/28/23 21,715
USD 394,960 GBP 310,000 State Street Bank & Trust Co. 9/26/23 (2,972)
USD 5,478,550 EUR 4,890,000 State Street Bank & Trust Co. 10/24/23 79,655
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS $101,659
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).
The following is a summary of the inputs used as of July 31, 2023, in valuing the Fund's investments:
  Level 1 Level 2 Level 3 Total
Senior Secured Floating Rate Loan Interests $$3,280,339 $$3,280,339
Common Stocks        
Household Durables 64 64
Oil, Gas & Consumable Fuels 44 110 154
Passenger Airlines 324,715 324,715
Asset Backed Securities 3,413,315 3,413,315
Collateralized Mortgage Obligations 2,793,214 2,793,214
Commercial Mortgage-Backed Securities 11,478,347 11,478,347
Convertible Corporate Bonds 2,190,613 2,190,613
Corporate Bonds 89,576,065 89,576,065
Preferred Stock        
Capital Markets 32,204 32,204
All Other Preferred Stock 532,616 532,616
Right/Warrant 4,155 4,155
27Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

  Level 1 Level 2 Level 3 Total
Insurance-Linked Securities        
Collateralized Reinsurance        
Multiperil – Massachusetts $$$229,230 $229,230
Multiperil – U.S. 1,119,689 1,119,689
Multiperil – Worldwide 1,723,332 1,723,332
Windstorm – Florida 75 75
Windstorm – U.S. Regional 235,879 235,879
Reinsurance Sidecars        
Multiperil – U.S. 284,444 284,444
Multiperil – U.S. Regional —* —*
Multiperil – Worldwide 9,651,574 9,651,574
All Other Insurance-Linked Securities 11,964,137 11,964,137
Foreign Government Bonds 1,021,437 1,021,437
Open-End Fund 141,400 141,400
Over The Counter (OTC) Currency Put Option Purchased 1,098 1,098
Total Investments in Securities $177,867 $126,251,291 $13,568,938 $139,998,096
Other Financial Instruments        
Over The Counter (OTC) Currency Call Option Written $$(26,591) $$(26,591)
Net unrealized appreciation on forward foreign currency exchange contracts 101,659 101,659
Total Other Financial Instruments $$75,068 $$75,068
* Securities valued at $0.
Pioneer Diversified High Income Fund, Inc. |  | 7/31/2328

Schedule of Investments  |  7/31/23
(unaudited) (continued)
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
  Common
Stocks
Insurance-
Linked
Securities
Total
Balance as of 4/30/23 $268,817 $12,206,359 $12,475,176
Realized gain (loss) (56,139) (56,139)
Changed in unrealized appreciation (depreciation) 55,898 413,579 469,477
Return of capital (792,947) (792,947)
Purchases 2,113,787 2,113,787
Sales (640,416) (640,416)
Transfers in to Level 3*
Transfers out of Level 3*
Balance as of 7/31/23 $324,715 $13,244,223 $13,568,938
* Transfers are calculated on the beginning of period value. During the period ended July 31, 2023, there were no transfers in or out of Level 3.
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at July 31, 2023: $490,872
29Pioneer Diversified High Income Fund, Inc. |  | 7/31/23

Pioneer Diversified High... (AMEX:HNW)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Pioneer Diversified High... Charts.
Pioneer Diversified High... (AMEX:HNW)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Pioneer Diversified High... Charts.