Pioneer Diversified High Income Fund, Inc.
Schedule of Investments | January 31, 2022
Ticker Symbol: HNW |
Schedule of Investments | 1/31/22
(unaudited)
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 146.6% | ||||||
Senior Secured Floating Rate Loan Interests — 4.6% of Net Assets*(a) | ||||||
Aerospace & Defense — 0.3% | ||||||
321,319 | Jazz Acquisition, Inc., First Lien Initial Term Loan, 4.36% (LIBOR + 425 bps), 6/19/26 | $ 317,203 | ||||
Total Aerospace & Defense | $317,203 | |||||
Airlines — 0.7% | ||||||
175,000 | AAdvantage Loyalty IP Ltd. (American Airlines, Inc.), Initial Term Loan, 5.50% (LIBOR + 475 bps), 4/20/28 | $ 181,938 | ||||
535,000 | Grupo Aeromexico, SAB de CV, DIP Tranche 1 Term Loan, 9.00% (LIBOR + 800 bps), 3/31/22 | 539,012 | ||||
157,992(b) | Grupo Aeromexico, SAB de CV, DIP Tranche 2 Term Loan, 0.00%, (15.50% PIK 0.00% Cash), 3/31/22 | 156,286 | ||||
Total Airlines | $877,236 | |||||
Auto Parts & Equipment — 0.5% | ||||||
665,250 | First Brands Group LLC, First Lien 2021 Term Loan, 6.00% (LIBOR + 500 bps), 3/30/27 | $ 667,468 | ||||
Total Auto Parts & Equipment | $667,468 | |||||
Cable & Satellite Television — 0.0%† | ||||||
970 | CSC Holdings LLC (fka CSC Holdings Inc. (Cablevision)), March 2017 Refinancing Term Loan, 2.356% (LIBOR + 225 bps), 7/17/25 | $ 957 | ||||
610 | CSC Holdings LLC (fka CSC Holdings Inc. (Cablevision)), October 2018 Incremental Term Loan, 2.356% (LIBOR + 225 bps), 1/15/26 | 602 | ||||
Total Cable & Satellite Television | $1,559 | |||||
Consumer Products — 0.3% | ||||||
370,563 | Instant Brands Holdings, Inc., Initial Loan, 5.75% (LIBOR + 500 bps), 4/12/28 | $ 348,329 | ||||
Total Consumer Products | $348,329 | |||||
Data Processing & Management — 0.4% | ||||||
549,406 | DTI Holdco, Inc., Replacement B-1 Term Loan, 5.75% (LIBOR + 475 bps), 9/29/23 | $ 546,959 | ||||
Total Data Processing & Management | $546,959 |
1Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Dialysis Centers — 0.4% | ||||||
488,750 | U.S. Renal Care, Inc., Initial Term Loan, 5.125% (LIBOR + 500 bps), 6/26/26 | $ 483,319 | ||||
Total Dialysis Centers | $483,319 | |||||
Electronic Composition — 0.2% | ||||||
266,724 | Natel Engineering Co., Inc., Initial Term Loan, 7.25% (LIBOR + 625 bps), 4/30/26 | $ 262,167 | ||||
Total Electronic Composition | $262,167 | |||||
Gambling (Non-Hotel) — 1.0% | ||||||
1,227,187 | Enterprise Development Authority, Term B Loan, 5.00% (LIBOR + 425 bps), 2/28/28 | $ 1,230,767 | ||||
Total Gambling (Non-Hotel) | $1,230,767 | |||||
Human Resources — 0.3% | ||||||
363,370 | Team Health Holdings, Inc., Initial Term Loan, 3.75% (LIBOR + 275 bps), 2/6/24 | $ 350,107 | ||||
Total Human Resources | $350,107 | |||||
Medical Labs & Testing Services — 0.2% | ||||||
315,250 | Envision Healthcare Corp., Initial Term Loan, 3.855% (LIBOR + 375 bps), 10/10/25 | $ 245,041 | ||||
Total Medical Labs & Testing Services | $245,041 | |||||
Metal Processors & Fabrication — 0.2% | ||||||
225,000 | WireCo WorldGroup Inc., Initial Term Loan, 4.75% (LIBOR + 425 bps), 11/13/28 | $ 225,281 | ||||
Total Metal Processors & Fabrication | $225,281 | |||||
Recreational Centers — 0.1% | ||||||
191,703 | Fitness International LLC, Term B Loan, 4.25% (LIBOR + 325 bps), 4/18/25 | $ 179,422 | ||||
Total Recreational Centers | $179,422 | |||||
Total Senior Secured Floating Rate Loan Interests (Cost $5,774,947) | $5,734,858 | |||||
Shares | ||||||
Common Stocks — 0.2% of Net Assets | ||||||
Household Durables — 0.0%† | ||||||
89,094(c) | Desarrolladora Homex SAB de CV | $ 207 | ||||
Total Household Durables | $207 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/222
Schedule of Investments | 1/31/22
(unaudited) (continued)
Shares | Value | |||||
Oil, Gas & Consumable Fuels — 0.2% | ||||||
6(c) | Amplify Energy Corp. | $ 22 | ||||
218,823(c)+^ | PetroQuest Energy, Inc. | 94,094 | ||||
5,709(c) | Summit Midstream Partners LP | 137,530 | ||||
Total Oil, Gas & Consumable Fuels | $231,646 | |||||
Specialty Retail — 0.0%† | ||||||
42,088(c)+^ | Targus Cayman SubCo., Ltd. | $ 64,395 | ||||
Total Specialty Retail | $64,395 | |||||
Total Common Stocks (Cost $396,295) | $296,248 | |||||
Principal Amount USD ($) | ||||||
Asset Backed Securities — 2.0% of Net Assets | ||||||
500,000(a) | Goldentree Loan Management US CLO 2, Ltd., Series 2017-2A, Class E, 4.954% (3 Month USD LIBOR + 470 bps), 11/28/30 (144A) | $ 472,851 | ||||
1,000,000 | JPMorgan Chase Bank NA - CACLN, Series 2021-3, Class G, 9.812%, 2/26/29 (144A) | 977,116 | ||||
1,000,000(a) | MCF CLO VII LLC, Series 2017-3A, Class ER, 9.404% (3 Month USD LIBOR + 915 bps), 7/20/33 (144A) | 976,847 | ||||
Total Asset Backed Securities (Cost $2,459,452) | $2,426,814 | |||||
Collateralized Mortgage Obligations—1.3% of Net Assets | ||||||
330,000(a) | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 6.05% (SOFR30A + 600 bps), 10/25/41 (144A) | $ 322,982 | ||||
100,000(a) | Fannie Mae Connecticut Avenue Securities, Series 2021-R02, Class 2B2, 6.25% (SOFR30A + 620 bps), 11/25/41 (144A) | 98,955 | ||||
210,000(a) | Freddie Mac Stacr Remic Trust, Series 2021-HQA3, Class B2, 6.30% (SOFR30A + 625 bps), 9/25/41 (144A) | 197,007 | ||||
200,000(a) | Freddie Mac Stacr Trust, Series 2021-DNA7, Class B2, 7.85% (SOFR30A + 780 bps), 11/25/41 (144A) | 199,500 |
3Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Collateralized Mortgage Obligations—(continued) | ||||||
21,967 | Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25% , 11/25/32 (144A) | $ 14,627 | ||||
640,000(a) | STACR Trust, Series 2018-HRP2, Class B2, 10.608% (1 Month USD LIBOR + 1,050 bps), 2/25/47 (144A) | 722,352 | ||||
Total Collateralized Mortgage Obligations (Cost $1,597,285) | $1,555,423 | |||||
Commercial Mortgage-Backed Securities—10.6% of Net Assets | ||||||
1,000,000(d) | Benchmark Mortgage Trust, Series 2020-B18, Class AGNG, 4.388% , 7/15/53 (144A) | $ 961,854 | ||||
500,000(a) | BPR Trust, Series 2021-WILL, Class E, 6.856% (1 Month USD LIBOR + 675 bps), 6/15/38 (144A) | 499,068 | ||||
588,625(a) | Capital Funding Mortgage Trust, Series 2020-9, Class B, 15.90% (1 Month USD LIBOR + 1,490 bps), 11/19/22 (144A) | 588,625 | ||||
288,017(a) | Capital Funding Mortgage Trust, Series 2021-8, Class B, 14.35% (1 Month USD LIBOR + 1,310 bps), 6/22/23 (144A) | 288,017 | ||||
1,000,000(a) | Capital Funding Mortgage Trust, Series 2021-19, Class B, 16.46% (1 Month USD LIBOR + 1,521 bps), 11/6/23 (144A) | 999,039 | ||||
70,000(a) | Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN1, Class B1, 7.80% (SOFR30A + 775 bps), 1/25/51 (144A) | 78,069 | ||||
180,000(a) | Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN3, Class B1, 6.90% (SOFR30A + 685 bps), 11/25/51 (144A) | 179,255 | ||||
678,641(d) | FREMF Mortgage Trust, Series 2019-KJ24, Class B, 7.60% , 10/25/27 (144A) | 579,225 | ||||
1,000,000(a) | FREMF Mortgage Trust, Series 2019-KS12, Class C, 7.001% (1 Month USD LIBOR + 690 bps), 8/25/29 | 882,343 | ||||
569,203(a) | FREMF Mortgage Trust, Series 2020-KF74, Class C, 6.351% (1 Month USD LIBOR + 625 bps), 1/25/27 (144A) | 569,378 | ||||
652,097(a) | FREMF Mortgage Trust, Series 2020-KF83, Class C, 9.101% (1 Month USD LIBOR + 900 bps), 7/25/30 (144A) | 657,743 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/224
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Commercial Mortgage-Backed Securities—(continued) | ||||||
1,000,000(e) | FREMF Mortgage Trust, Series 2021-KG05, Class C, 0.000% , 1/25/31 (144A) | $ 486,220 | ||||
12,333,286(f) | FREMF Mortgage Trust, Series 2021-KG05, Class X2A, 0.10% , 1/25/31 (144A) | 86,159 | ||||
1,000,000(f) | FREMF Mortgage Trust, Series 2021-KG05, Class X2B, 0.10% , 1/25/31 (144A) | 6,215 | ||||
8,079,291(d) | FRESB Mortgage Trust, Series 2020-SB79, Class X1, 1.102% , 7/25/40 | 490,870 | ||||
500,000(d) | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class D, 4.164% , 4/15/46 | 409,911 | ||||
500,000(a) | Med Trust, Series 2021-MDLN, Class G, 5.442% (1 Month USD LIBOR + 525 bps), 11/15/38 (144A) | 493,736 | ||||
173,539(d) | Morgan Stanley Capital I Trust, Series 2007-T25, Class AJ, 5.574% , 11/12/49 | 130,154 | ||||
750,000(a) | Morgan Stanley Capital I Trust, Series 2019-BPR, Class D, 4.106% (1 Month USD LIBOR + 400 bps), 5/15/36 (144A) | 644,744 | ||||
750,000(a) | Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class M10, 3.858% (1 Month USD LIBOR + 375 bps), 3/25/50 (144A) | 745,328 | ||||
900,000(d) | Natixis Commercial Mortgage Securities Trust, Series 2019-FAME, Class E, 4.398% , 8/15/36 (144A) | 787,916 | ||||
290,000 | Palisades Center Trust, Series 2016-PLSD, Class A, 2.713% , 4/13/33 (144A) | 259,971 | ||||
380,971(d) | Velocity Commercial Capital Loan Trust, Series 2020-1, Class M6, 5.69% , 2/25/50 (144A) | 374,776 | ||||
1,100,000 | Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00% , 5/15/48 (144A) | 808,470 | ||||
1,660,500(d) | Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class E, 4.601% , 11/15/48 (144A) | 1,191,776 | ||||
Total Commercial Mortgage-Backed Securities (Cost $13,898,811) | $13,198,862 | |||||
Convertible Corporate Bonds — 2.0% of Net Assets | ||||||
Airlines — 0.2% | ||||||
225,000 | GOL Equity Finance SA, 3.75%, 7/15/24 (144A) | $ 195,187 |
5Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Airlines — (continued) | ||||||
Total Airlines | $195,187 | |||||
Banks — 0.0%† | ||||||
IDR812,959,000^ | PT Bakrie & Brothers Tbk, 0.00%, 12/22/22 | $ 5,653 | ||||
Total Banks | $5,653 | |||||
Chemicals — 1.5% | ||||||
1,900,000(g) | Hercules LLC, 6.50%, 6/30/29 | $ 1,907,125 | ||||
Total Chemicals | $1,907,125 | |||||
Entertainment — 0.2% | ||||||
312,000(e) | DraftKings, Inc., 3/15/28 (144A) | $ 237,426 | ||||
Total Entertainment | $237,426 | |||||
Pharmaceuticals — 0.1% | ||||||
300,000 | Tricida, Inc., 3.50%, 5/15/27 | $ 159,663 | ||||
Total Pharmaceuticals | $159,663 | |||||
Total Convertible Corporate Bonds (Cost $2,181,383) | $2,505,054 | |||||
Corporate Bonds — 105.2% of Net Assets | ||||||
Advertising — 1.1% | ||||||
200,000 | Clear Channel International BV, 6.625%, 8/1/25 (144A) | $ 205,500 | ||||
645,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | 668,381 | ||||
535,000 | Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A) | 555,063 | ||||
Total Advertising | $1,428,944 | |||||
Aerospace & Defense — 0.7% | ||||||
450,000 | Bombardier, Inc., 7.125%, 6/15/26 (144A) | $ 457,614 | ||||
280,000 | Howmet Aerospace, Inc., 6.875%, 5/1/25 | 309,562 | ||||
101,000 | Triumph Group, Inc., 8.875%, 6/1/24 (144A) | 107,818 | ||||
Total Aerospace & Defense | $874,994 | |||||
Agriculture — 0.6% | ||||||
815,000 | Kernel Holding SA, 6.50%, 10/17/24 (144A) | $ 741,813 | ||||
Total Agriculture | $741,813 | |||||
Airlines — 6.3% | ||||||
1,344,000(h) | Aerovias de Mexico SA de CV, 7.00%, 2/5/25 (144A) | $ 1,273,453 | ||||
350,000(h) | Aerovias de Mexico SA. de CV, 7.00%, 2/5/25 | 331,629 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/226
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Airlines — (continued) | ||||||
155,000 | Delta Air Lines, Inc., 7.375%, 1/15/26 | $ 176,259 | ||||
500,000 | Gol Finance SA, 7.00%, 1/31/25 (144A) | 431,715 | ||||
2,115,000 | Gol Finance SA, 8.00%, 6/30/26 (144A) | 1,948,465 | ||||
645,000 | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27 (144A) | 685,313 | ||||
1,915,000 | Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A) | 1,931,048 | ||||
EUR1,000,000 | Transportes Aereos Portugueses SA, 5.625%, 12/2/24 (144A) | 1,061,355 | ||||
Total Airlines | $7,839,237 | |||||
Auto Manufacturers — 0.9% | ||||||
1,095,000 | JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A) | $ 1,139,019 | ||||
Total Auto Manufacturers | $1,139,019 | |||||
Auto Parts & Equipment — 1.2% | ||||||
840,000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) | $ 858,900 | ||||
555,000 | Goodyear Tire & Rubber Co., 9.50%, 5/31/25 | 591,075 | ||||
Total Auto Parts & Equipment | $1,449,975 | |||||
Banks — 6.2% | ||||||
300,000(d) | Banco de Galicia y Buenos Aires SAU, 7.962% (5 Year CMT Index + 716 bps), 7/19/26 (144A) | $ 276,003 | ||||
1,135,000(d) | Banco GNB Sudameris SA, 7.50% (5 Year CMT Index + 666 bps), 4/16/31 (144A) | 1,120,682 | ||||
685,000(d)(i) | Banco Mercantil del Norte SA, 8.375% (5 Year CMT Index + 776 bps) (144A) | 750,938 | ||||
650,000(d)(i) | Barclays Plc, 7.75% (5 Year USD Swap Rate + 484 bps) | 690,625 | ||||
1,453,000(d)(i) | BNP Paribas SA, 6.625% (5 Year USD Swap Rate + 415 bps) (144A) | 1,532,479 | ||||
247,000 | Freedom Mortgage Corp., 8.125%, 11/15/24 (144A) | 247,309 | ||||
911,000 | Freedom Mortgage Corp., 8.25%, 4/15/25 (144A) | 911,155 | ||||
350,000(d)(i) | ING Groep NV, 6.50% (5 Year USD Swap Rate + 445 bps) | 374,500 | ||||
225,000(d)(i) | Intesa Sanpaolo S.p.A., 7.70% (5 Year USD Swap Rate + 546 bps) (144A) | 246,938 | ||||
250,000(d)(i) | NatWest Group Plc, 8.00% (5 Year USD Swap Rate + 572 bps) | 281,562 |
7Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Banks — (continued) | ||||||
200,000 | Sberbank of Russia Via SB Capital SA, 5.25%, 5/23/23 (144A) | $ 200,240 | ||||
865,000(d)(i) | Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A) | 777,548 | ||||
344,000(d) | Turkiye Vakiflar Bankasi TAO, 8.00% (5 Year USD Swap Rate + 585 bps), 11/1/27 (144A) | 341,622 | ||||
Total Banks | $7,751,601 | |||||
Biotechnology — 0.3% | ||||||
EUR345,000 | Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) | $ 374,172 | ||||
Total Biotechnology | $374,172 | |||||
Building Materials — 1.2% | ||||||
239,000 | Builders FirstSource, Inc., 6.75%, 6/1/27 (144A) | $ 248,859 | ||||
199,000 | Koppers, Inc., 6.00%, 2/15/25 (144A) | 199,497 | ||||
1,001,000 | Patrick Industries, Inc., 7.50%, 10/15/27 (144A) | 1,051,050 | ||||
Total Building Materials | $1,499,406 | |||||
Chemicals — 2.9% | ||||||
425,000 | Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) | $ 421,813 | ||||
404,000 | Hexion, Inc., 7.875%, 7/15/27 (144A) | 427,735 | ||||
425,000 | LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A) | 416,500 | ||||
EUR420,000 | Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A) | 452,522 | ||||
300,000 | LYB Finance Co. BV, 8.10%, 3/15/27 (144A) | 376,477 | ||||
280,000 | Olin Corp., 9.50%, 6/1/25 (144A) | 336,000 | ||||
205,000 | Olympus Water US Holding Corp., 6.25%, 10/1/29 (144A) | 194,750 | ||||
336,000 | Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A) | 341,258 | ||||
600,000 | Tronox, Inc., 6.50%, 5/1/25 (144A) | 622,680 | ||||
Total Chemicals | $3,589,735 | |||||
Commercial Services — 5.5% | ||||||
245,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A) | $ 251,582 | ||||
585,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | 617,175 | ||||
450,000 | APX Group, Inc., 6.75%, 2/15/27 (144A) | 462,118 | ||||
1,384,000 | Atento Luxco 1 SA, 8.00%, 2/10/26 (144A) | 1,458,706 | ||||
473,000 | Garda World Security Corp., 6.00%, 6/1/29 (144A) | 443,296 | ||||
958,000 | Garda World Security Corp., 9.50%, 11/1/27 (144A) | 1,006,858 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/228
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Commercial Services — (continued) | ||||||
410,000 | PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29 (144A) | $ 414,100 | ||||
935,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | 931,321 | ||||
MXN3,780,000 | Red de Carreteras de Occidente SAB de CV, 9.00%, 6/10/28 (144A) | 180,691 | ||||
558,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 580,320 | ||||
411,000 | Verscend Escrow Corp., 9.75%, 8/15/26 (144A) | 431,628 | ||||
Total Commercial Services | $6,777,795 | |||||
Computers — 0.8% | ||||||
865,000 | Diebold Nixdorf, Inc., 8.50%, 4/15/24 | $ 858,513 | ||||
80,000 | Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A) | 84,030 | ||||
Total Computers | $942,543 | |||||
Diversified Financial Services — 6.9% | ||||||
1,110,000 | Alliance Data Systems Corp., 7.00%, 1/15/26 (144A) | $ 1,157,175 | ||||
1,000,000 | ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) | 990,000 | ||||
375,925(b) | Avation Capital SA, 8.25% (9.00% PIK 8.25% Cash), 10/31/26 (144A) | 315,777 | ||||
275,000 | Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A) | 81,128 | ||||
530,000 | Financiera Independencia SAB de CV SOFOM ENR, 8.00%, 7/19/24 (144A) | 406,118 | ||||
EUR235,000 | Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A) | 269,845 | ||||
GBP400,000 | Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A) | 550,236 | ||||
1,073,814(b) | Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK 6.50% Cash), 9/15/24 (144A) | 1,007,560 | ||||
75,000 | OneMain Finance Corp., 6.625%, 1/15/28 | 80,502 | ||||
215,000 | OneMain Finance Corp., 8.875%, 6/1/25 | 228,203 | ||||
615,000 | Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc., 6.375%, 12/15/22 (144A) | 614,803 | ||||
355,000 | PHH Mortgage Corp., 7.875%, 3/15/26 (144A) | 360,325 | ||||
1,174,000 | Unifin Financiera SAB de CV, 8.375%, 1/27/28 (144A) | 696,182 |
9Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Diversified Financial Services — (continued) | ||||||
865,000 | United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A) | $ 816,975 | ||||
990,000 | VistaJet Malta Finance Plc/XO Management Holding, Inc., 6.375%, 2/1/30 (144A) | 983,961 | ||||
Total Diversified Financial Services | $8,558,790 | |||||
Electric — 1.0% | ||||||
400,000 | Cemig Geracao e Transmissao SA, 9.25%, 12/5/24 (144A) | $ 443,000 | ||||
460,000(d) | Enel S.p.A., 8.75% (5 Year USD Swap Rate + 588 bps), 9/24/73 (144A) | 506,331 | ||||
126,000 | NRG Energy, Inc., 6.625%, 1/15/27 | 130,253 | ||||
134,296 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A) | 142,354 | ||||
7,000 | Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A) | 7,142 | ||||
Total Electric | $1,229,080 | |||||
Electrical Components & Equipments — 0.5% | ||||||
350,000 | WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) | $ 366,520 | ||||
245,000 | WESCO Distribution, Inc., 7.25%, 6/15/28 (144A) | 262,417 | ||||
Total Electrical Components & Equipments | $628,937 | |||||
Engineering & Construction — 1.6% | ||||||
200,000 | Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 3/30/29 (144A) | $ 202,502 | ||||
1,425,000 | Artera Services LLC, 9.033%, 12/4/25 (144A) | 1,455,965 | ||||
230,000 | IHS Holding, Ltd., 6.25%, 11/29/28 (144A) | 231,725 | ||||
332,094(h) | Stoneway Capital Corp., 10.00%, 3/1/27 (144A) | 96,311 | ||||
Total Engineering & Construction | $1,986,503 | |||||
Entertainment — 3.3% | ||||||
510,000 | Caesars Entertainment, Inc., 8.125%, 7/1/27 (144A) | $ 548,887 | ||||
305,000 | International Game Technology Plc, 6.25%, 1/15/27 (144A) | 331,909 | ||||
900,000 | Mohegan Gaming & Entertainment, 8.00%, 2/1/26 (144A) | 916,920 | ||||
295,000 | Scientific Games International, Inc., 7.00%, 5/15/28 (144A) | 309,824 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2210
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Entertainment — (continued) | ||||||
295,000 | Scientific Games International, Inc., 7.25%, 11/15/29 (144A) | $ 319,211 | ||||
1,574,000 | Scientific Games International, Inc., 8.25%, 3/15/26 (144A) | 1,642,862 | ||||
Total Entertainment | $4,069,613 | |||||
Environmental Control — 0.3% | ||||||
367,000 | Tervita Corp., 11.00%, 12/1/25 (144A) | $ 425,261 | ||||
Total Environmental Control | $425,261 | |||||
Food — 1.7% | ||||||
555,000 | Aragvi Finance International DAC, 8.45%, 4/29/26 (144A) | $ 556,812 | ||||
1,310,000 | Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A) | 1,287,088 | ||||
225,000 | United Natural Foods, Inc., 6.75%, 10/15/28 (144A) | 239,159 | ||||
Total Food | $2,083,059 | |||||
Forest Products & Paper — 1.3% | ||||||
379,000 | Schweitzer-Mauduit International, Inc., 6.875%, 10/1/26 (144A) | $ 377,105 | ||||
1,175,000 | Sylvamo Corp., 7.00%, 9/1/29 (144A) | 1,207,900 | ||||
Total Forest Products & Paper | $1,585,005 | |||||
Healthcare-Products — 0.2% | ||||||
265,000 | Varex Imaging Corp., 7.875%, 10/15/27 (144A) | $ 290,146 | ||||
Total Healthcare-Products | $290,146 | |||||
Healthcare-Services — 3.8% | ||||||
445,000 | Auna SAA, 6.50%, 11/20/25 (144A) | $ 447,092 | ||||
280,000 | Legacy LifePoint Health LLC, 6.75%, 4/15/25 (144A) | 289,800 | ||||
550,000 | Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A) | 574,475 | ||||
357,000 | RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26 (144A) | 375,575 | ||||
1,066,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A) | 1,120,632 | ||||
340,000 | US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A) | 341,700 |
11Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Healthcare-Services — (continued) | ||||||
425,000 | US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A) | $ 427,125 | ||||
1,165,000 | US Renal Care, Inc., 10.625%, 7/15/27 (144A) | 1,188,300 | ||||
Total Healthcare-Services | $4,764,699 | |||||
Home Builders — 1.6% | ||||||
885,000 | Beazer Homes USA, Inc., 7.25%, 10/15/29 | $ 944,737 | ||||
390,000 | Empire Communities Corp., 7.00%, 12/15/25 (144A) | 396,755 | ||||
211,000 | KB Home, 6.875%, 6/15/27 | 238,958 | ||||
340,000 | KB Home, 7.625%, 5/15/23 | 353,175 | ||||
Total Home Builders | $1,933,625 | |||||
Home Furnishings — 0.9% | ||||||
EUR930,000 | International Design Group S.p.A., 6.50%, 11/15/25 (144A) | $ 1,074,847 | ||||
Total Home Furnishings | $1,074,847 | |||||
Housewares — 0.1% | ||||||
120,000 | CD&R Smokey Buyer, Inc., 6.75%, 7/15/25 (144A) | $ 124,940 | ||||
Total Housewares | $124,940 | |||||
Insurance — 5.7% | ||||||
4,600,000 | Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) | $ 7,021,505 | ||||
Total Insurance | $7,021,505 | |||||
Internet — 0.7% | ||||||
EUR680,000 | eDreams ODIGEO SA, 5.50%, 7/15/27 (144A) | $ 755,351 | ||||
95,000 | Expedia Group, Inc., 6.25%, 5/1/25 (144A) | 106,021 | ||||
Total Internet | $861,372 | |||||
Iron & Steel — 2.5% | ||||||
870,000 | Cleveland-Cliffs, Inc., 6.75%, 3/15/26 (144A) | $ 911,577 | ||||
71,000 | Cleveland-Cliffs, Inc., 9.875%, 10/17/25 (144A) | 79,357 | ||||
200,000 | Metinvest BV, 7.75%, 4/23/23 (144A) | 185,500 | ||||
1,345,000 | Metinvest BV, 7.75%, 10/17/29 (144A) | 1,152,463 | ||||
870,000 | TMS International Corp., 6.25%, 4/15/29 (144A) | 839,550 | ||||
Total Iron & Steel | $3,168,447 | |||||
Leisure Time — 1.4% | ||||||
100,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | $ 102,000 | ||||
EUR130,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | 152,992 | ||||
135,000 | Carnival Corp., 10.50%, 2/1/26 (144A) | 151,605 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2212
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Leisure Time — (continued) | ||||||
GBP440,000 | Deuce Finco Plc, 5.50%, 6/15/27 (144A) | $ 583,353 | ||||
170,000 | NCL Finance, Ltd., 6.125%, 3/15/28 (144A) | 160,769 | ||||
125,000 | Royal Caribbean Cruises, Ltd., 9.125%, 6/15/23 (144A) | 131,687 | ||||
178,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A) | 196,998 | ||||
245,000 | Viking Cruises, Ltd., 6.25%, 5/15/25 (144A) | 241,325 | ||||
Total Leisure Time | $1,720,729 | |||||
Lodging — 0.4% | ||||||
204,000 | Boyd Gaming Corp., 8.625%, 6/1/25 (144A) | $ 216,424 | ||||
180,000 | Hyatt Hotels Corp., 5.75%, 4/23/30 | 210,692 | ||||
16,000 | Marriott International, Inc., 5.75%, 5/1/25 | 17,725 | ||||
Total Lodging | $444,841 | |||||
Machinery-Diversified — 0.3% | ||||||
368,000 | Maxim Crane Works Holdings Capital LLC, 10.125%, 8/1/24 (144A) | $ 375,360 | ||||
Total Machinery-Diversified | $375,360 | |||||
Media — 1.6% | ||||||
225,000 | Audacy Capital Corp., 6.75%, 3/31/29 (144A) | $ 209,362 | ||||
665,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/27 (144A) | 171,238 | ||||
1,660,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 1,552,100 | ||||
Total Media | $1,932,700 | |||||
Mining — 3.5% | ||||||
445,000 | Arconic Corp., 6.125%, 2/15/28 (144A) | $ 461,665 | ||||
1,635,000 | Eldorado Gold Corp., 6.25%, 9/1/29 (144A) | 1,634,886 | ||||
500,000 | First Quantum Minerals, Ltd., 6.875%, 3/1/26 (144A) | 516,250 | ||||
400,000 | First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A) | 425,000 | ||||
225,000 | First Quantum Minerals, Ltd., 7.25%, 4/1/23 (144A) | 225,839 | ||||
405,000 | Hudbay Minerals, Inc., 6.125%, 4/1/29 (144A) | 420,491 | ||||
323,000 | Joseph T Ryerson & Son, Inc., 8.50%, 8/1/28 (144A) | 348,032 | ||||
375,000 | Vedanta Resources, Ltd., 6.375%, 7/30/22 (144A) | 371,051 | ||||
Total Mining | $4,403,214 |
13Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Multi-National — 0.3% | ||||||
IDR4,840,000,000 | Inter-American Development Bank, 7.875%, 3/14/23 | $ 346,998 | ||||
Total Multi-National | $346,998 | |||||
Oil & Gas — 16.2% | ||||||
1,160,000 | Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) | $ 1,221,631 | ||||
1,685,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 1,802,950 | ||||
660,000 | Cenovus Energy, Inc., 6.75%, 11/15/39 | 861,731 | ||||
950,000 | Chesapeake Energy Corp., 6.75%, 4/15/29 (144A) | 1,015,312 | ||||
995,000 | Colgate Energy Partners III LLC, 7.75%, 2/15/26 (144A) | 1,067,137 | ||||
1,510,000 | Energean Plc, 6.50%, 4/30/27 (144A) | 1,459,037 | ||||
383,000 | International Petroleum Corp., 7.25%, 2/1/27 (144A) | 379,170 | ||||
405,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 394,875 | ||||
1,355,000 | MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A) | 1,294,039 | ||||
825,000 | MEG Energy Corp., 7.125%, 2/1/27 (144A) | 855,937 | ||||
605,000 | Murphy Oil Corp., 6.375%, 7/15/28 | 632,385 | ||||
140,000 | Nabors Industries, Inc., 7.375%, 5/15/27 (144A) | 143,135 | ||||
515,000 | Nabors Industries, Ltd., 7.50%, 1/15/28 (144A) | 482,813 | ||||
603,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 610,537 | ||||
955,000 | Occidental Petroleum Corp., 4.40%, 4/15/46 | 913,286 | ||||
674,000 | Petroleos Mexicanos, 6.70%, 2/16/32 (144A) | 666,815 | ||||
271,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 271,461 | ||||
595,000 | Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A) | 462,642 | ||||
480,000 | Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A) | 490,800 | ||||
900,000 | SierraCol Energy Andina LLC, 6.00%, 6/15/28 (144A) | 837,000 | ||||
1,610,000 | Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A) | 1,601,113 | ||||
1,000,000 | Tap Rock Resources LLC, 7.00%, 10/1/26 (144A) | 1,025,000 | ||||
985,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 994,850 | ||||
835,000 | YPF SA, 6.95%, 7/21/27 (144A) | 546,666 | ||||
ARS7,750,000 | YPF SA, 16.50%, 5/9/22 (144A) | 32,883 | ||||
Total Oil & Gas | $20,063,205 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2214
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Oil & Gas Services — 1.0% | ||||||
521,000 | Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) | $ 534,364 | ||||
750,000 | Exterran Energy Solutions LP/EES Finance Corp., 8.125%, 5/1/25 | 748,125 | ||||
Total Oil & Gas Services | $1,282,489 | |||||
Packaging & Containers — 0.6% | ||||||
730,000 | Greif, Inc., 6.50%, 3/1/27 (144A) | $ 755,623 | ||||
Total Packaging & Containers | $755,623 | |||||
Pharmaceuticals — 1.6% | ||||||
547,000 | Bausch Health Cos., Inc., 7.00%, 1/15/28 (144A) | $ 490,249 | ||||
234,000 | Endo Dac/Endo Finance LLC/Endo Finco, Inc., 9.50%, 7/31/27 (144A) | 231,122 | ||||
465,000 | P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) | 451,050 | ||||
381,000 | Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) | 383,743 | ||||
493,000 | Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23 | 483,140 | ||||
Total Pharmaceuticals | $2,039,304 | |||||
Pipelines — 5.4% | ||||||
230,000 | DCP Midstream Operating LP, 5.60%, 4/1/44 | $ 266,460 | ||||
555,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25 | 557,225 | ||||
510,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A) | 517,395 | ||||
450,000(a) | Energy Transfer LP, 3.334% (3 Month USD LIBOR + 302 bps), 11/1/66 | 367,875 | ||||
915,000(d)(i) | Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps) | 930,441 | ||||
118,000 | EnLink Midstream Partners LP, 5.05%, 4/1/45 | 101,126 | ||||
145,000 | EnLink Midstream Partners LP, 5.45%, 6/1/47 | 129,050 | ||||
344,000 | EnLink Midstream Partners LP, 5.60%, 4/1/44 | 311,320 | ||||
365,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27 | 367,628 | ||||
197,000 | Global Partners LP/GLP Finance Corp., 7.00%, 8/1/27 | 203,402 | ||||
645,000 | Golar LNG, Ltd., 7.00%, 10/20/25 (144A) | 622,425 | ||||
845,000 | Harvest Midstream I LP, 7.50%, 9/1/28 (144A) | 878,986 | ||||
1,175,000 | Williams Cos., Inc., 5.75%, 6/24/44 | 1,452,064 | ||||
Total Pipelines | $6,705,397 |
15Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
REITs — 1.0% | ||||||
890,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A) | $ 810,861 | ||||
386,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A) | 401,297 | ||||
10,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A) | 9,460 | ||||
Total REITs | $1,221,618 | |||||
Retail — 1.9% | ||||||
575,000 | AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A) | $ 567,830 | ||||
245,000 | At Home Group, Inc., 7.125%, 7/15/29 (144A) | 229,687 | ||||
250,000 | Bath & Body Works, Inc., 6.625%, 10/1/30 (144A) | 269,425 | ||||
418,000 | Party City Holdings, Inc., 8.75%, 2/15/26 (144A) | 420,462 | ||||
EUR405,000 | Shiba Bidco S.p.A., 4.50%, 10/31/28 (144A) | 449,879 | ||||
389,000 | Staples, Inc., 7.50%, 4/15/26 (144A) | 383,651 | ||||
Total Retail | $2,320,934 | |||||
Software — 1.0% | ||||||
1,305,000 | Minerva Merger Sub, Inc., 6.50%, 2/15/30 (144A) | $ 1,300,433 | ||||
Total Software | $1,300,433 | |||||
Telecommunications — 5.4% | ||||||
695,000 | Altice France Holding SA, 6.00%, 2/15/28 (144A) | $ 634,292 | ||||
607,000 | Altice France Holding SA, 10.50%, 5/15/27 (144A) | 644,179 | ||||
200,000 | Altice France SA, 8.125%, 2/1/27 (144A) | 211,448 | ||||
55,009(b) | Digicel International Finance Ltd/Digicel international Holdings, Ltd., 13.00% (7.00% PIK 6.00% Cash), 12/31/25 (144A) | 56,247 | ||||
750,000 | Digicel, Ltd., 6.75%, 3/1/23 | 728,445 | ||||
1,345,000 | Kenbourne Invest SA, 6.875%, 11/26/24 (144A) | 1,390,871 | ||||
340,000 | Sprint Corp., 7.125%, 6/15/24 | 370,600 | ||||
850,000 | Sprint Corp., 7.625%, 3/1/26 | 973,250 | ||||
770,000 | Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25 (144A) | 773,549 | ||||
875,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 882,394 | ||||
Total Telecommunications | $6,665,275 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2216
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Transportation — 3.5% | ||||||
815,000 | Acu Petroleo Luxembourg S.a.r.l., 7.50%, 1/13/32 (144A) | $ 796,662 | ||||
1,245,000 | Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) | 1,215,475 | ||||
655,000 | Danaos Corp., 8.50%, 3/1/28 (144A) | 713,950 | ||||
575,000 | Watco Cos. LLC/Watco Finance Corp., 6.50%, 6/15/27 (144A) | 595,125 | ||||
965,000 | Western Global Airlines LLC, 10.375%, 8/15/25 (144A) | 1,065,119 | ||||
Total Transportation | $4,386,331 | |||||
Trucking & Leasing — 0.3% | ||||||
325,000 | Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) | $ 355,875 | ||||
Total Trucking & Leasing | $355,875 | |||||
Total Corporate Bonds (Cost $125,422,963) | $130,535,389 | |||||
Shares | ||||||
Preferred Stock — 0.5% of Net Assets | ||||||
Diversified Financial Services — 0.4% | ||||||
500(d)(i) | Compeer Financial ACA, 6.75% (3 Month USD LIBOR + 458 bps) (144A) | $ 525,000 | ||||
Total Diversified Financial Services | $525,000 | |||||
Internet — 0.1% | ||||||
50,188 | MYT Holding LLC, 10.00%, 6/6/29 | $ 53,450 | ||||
Total Internet | $53,450 | |||||
Total Preferred Stock (Cost $591,624) | $578,450 | |||||
Principal Amount USD ($) | ||||||
Insurance-Linked Securities — 15.7% of Net Assets# | ||||||
Event Linked Bonds — 4.9% | ||||||
Multiperil – U.S. — 1.4% | ||||||
400,000(a) | Caelus Re V, 0.486%, (1 Month U.S. Treasury Bill + 10 bps), 6/5/24 (144A) | $ 20,000 |
17Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Principal Amount USD ($) | Value | |||||
Multiperil – U.S. — (continued) | ||||||
375,000(a) | Caelus Re V, 0.486%, (1 Month U.S. Treasury Bill + 10 bps), 6/5/24 (144A) | $ 33 | ||||
250,000(a) | Caelus Re V, 0.486%, (3 Month U.S. Treasury Bill + 10 bps), 6/9/25 (144A) | 25 | ||||
250,000(a) | Four Lakes Re, 7.266%, (3 Month U.S. Treasury Bill + 700 bps), 1/5/24 (144A) | 250,250 | ||||
250,000(a) | Four Lakes Re, 9.82%, (3 Month U.S. Treasury Bill + 950 bps), 1/5/24 (144A) | 252,426 | ||||
250,000(a) | Kilimanjaro Re, 4.949%, (3 Month USD LIBOR + 494 bps), 5/6/22 (144A) | 251,575 | ||||
250,000(a) | Residential Reinsurance 2018 Re, 11.97%, (3 Month U.S. Treasury Bill + 1,165 bps), 12/6/22 (144A) | 245,875 | ||||
250,000(a) | Residential Reinsurance 2019 Re, 12.55%, (3 Month U.S. Treasury Bill + 1,223 bps), 12/6/23 (144A) | 245,400 | ||||
500,000(a) | Residential Reinsurance 2021 Re, 12.07%, (3 Month U.S. Treasury Bill + 1,175 bps), 12/6/25 (144A) | 499,500 | ||||
$1,765,084 | ||||||
Multiperil – U.S. & Canada — 2.7% | ||||||
250,000(a) | Hypatia, Ltd., 7.595%, (3 Month U.S. Treasury Bill + 728 bps), 6/7/23 (144A) | $ 261,075 | ||||
750,000(a) | Hypatia, Ltd., 10.545%, (3 Month U.S. Treasury Bill + 1,038 bps), 6/7/23 (144A) | 791,625 | ||||
250,000(a) | Kilimanjaro III Re, 11.57%, (3 Month U.S. Treasury Bill + 1,125 bps), 4/21/25 (144A) | 250,375 | ||||
250,000(a) | Kilimanjaro III Re, 11.57%, (3 Month U.S. Treasury Bill + 1,125 bps), 4/20/26 (144A) | 247,925 | ||||
250,000(a) | Matterhorn Re, 5.964%, (SOFR + 592 bps), 12/8/25 (144A) | 249,600 | ||||
750,000(a) | Mona Lisa Re, 8.32%, (3 Month U.S. Treasury Bill + 800 bps), 1/9/23 (144A) | 758,925 | ||||
250,000(a) | Mystic Re IV, 6.13%, (3 Month U.S. Treasury Bill + 581 bps), 1/8/25 (144A) | 251,675 | ||||
500,000(a) | Mystic Re IV, 12.01%, (3 Month U.S. Treasury Bill + 1,169 bps), 1/8/25 (144A) | 496,450 | ||||
$3,307,650 | ||||||
Pandemic – U.S — 0.2% | ||||||
250,000(a) | Vitality Re XI, 2.066%, (3 Month U.S. Treasury Bill + 180 bps), 1/9/24 (144A) | $ 245,050 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2218
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | ||||||
Windstorm - Jamaica — 0.2% | |||||||
250,000(a) | International Bank for Reconstruction & Development, 4.499%, (SOFR + 445 bps), 12/29/23 (144A) | $ 249,925 | |||||
Windstorm - North Carolina — 0.2% | |||||||
250,000(a) | Cape Lookout Re, 3.516%, (3 Month U.S. Treasury Bill + 325 bps), 3/22/24 (144A) | $ 250,600 | |||||
Windstorm - Texas — 0.2% | |||||||
250,000(a) | Alamo Re II, 5.782%, (1 Month U.S. Treasury Bill + 546 bps), 6/8/23 (144A) | $ 258,675 | |||||
Total Event Linked Bonds | $6,076,984 |
Face Amount USD ($) | ||||||
Collateralized Reinsurance — 3.3% | ||||||
Multiperil – Massachusetts — 0.2% | ||||||
250,000(c)(j)+ | Denning Re 2021, 7/31/25 | $ 250,417 | ||||
Multiperil – U.S. — 1.0% | ||||||
250,000(c)(j)+ | Ballybunion Re 2020, 2/28/23 | $ 77,375 | ||||
250,000(c)(j)+ | Ballybunion Re 2021, 1/31/25 | 259,299 | ||||
500,000(c)(j)+ | Ballybunion Re 2021-2, 6/30/25 | 517,400 | ||||
100,000(c)(j)+ | Ballybunion Re 2021-3, 7/31/25 | 101,400 | ||||
250,000(c)(j)+ | Port Royal Re 2021, 5/31/25 | 250,187 | ||||
$1,205,661 | ||||||
Multiperil – U.S. Regional — 0.3% | ||||||
350,000(c)(j)+ | Ailsa Re 2021, 6/30/25 | $ 359,687 | ||||
Multiperil – Worldwide — 1.0% | ||||||
250,000(c)(j)+ | Amaranth Re 2022, 12/31/27 | $ 223,291 | ||||
650,000(c)(j)+ | Cypress Re 2017, 1/31/23 | 65 | ||||
462,683(c)(j)+ | Dartmouth Re 2018, 1/31/23 | 97,672 | ||||
100,000(c)(j)+ | Dartmouth Re 2021, 12/31/24 | 56,920 | ||||
27,000(c)(j)+ | Limestone Re, 10/1/23 (144A) | 3,497 | ||||
250,000(c)(j)+ | Merion Re 2022-1, 12/31/27 | 217,780 | ||||
250,000(c)(j)+ | Old Head Re 2022, 12/31/27 | 193,026 | ||||
333,342(c)(j)+ | Oyster Bay Re 2018, 1/31/23 | 302,541 | ||||
700,000(c)(j)+ | Resilience Re, 5/1/22 | — | ||||
567,400(c)(j)+ | Seminole Re 2018, 1/31/23 | 5,344 | ||||
250,000(c)(j)+ | Walton Health Re 2019, 6/30/22 | 208,650 | ||||
$1,308,786 |
19Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Face Amount USD ($) | Value | ||||||
Windstorm – Florida — 0.6% | |||||||
250,000(c)(j)+ | Isosceles Re 2021, 6/30/25 | $ 249,050 | |||||
750,000(c)(j)+ | Portrush Re 2017, 6/15/22 | 478,575 | |||||
$727,625 | |||||||
Windstorm – U.S. Multistate — 0.0%† | |||||||
250,000(c)(j)+ | White Heron Re 2021, 6/30/25 | $ 5,350 | |||||
Windstorm – U.S. Regional — 0.2% | |||||||
350,000(c)(j)+ | Oakmont Re 2020, 4/30/24 | $�� 282,639 | |||||
Total Collateralized Reinsurance | $4,140,165 | ||||||
Reinsurance Sidecars — 7.5% | |||||||
Multiperil – U.S. — 0.3% | |||||||
250,000(c)(j)+ | Carnoustie Re 2020, 12/31/23 | $ 33,900 | |||||
231,715(c)(j)+ | Carnoustie Re 2021, 12/31/24 | 10,983 | |||||
223,952(c)(j)+ | Carnoustie Re 2022, 12/31/27 | 225,437 | |||||
1,000,000(c)(k)+ | Harambee Re 2018, 12/31/22 | 1,800 | |||||
1,000,000(k)+ | Harambee Re 2019, 12/31/22 | 1,100 | |||||
500,000(c)(k)+ | Harambee Re 2020, 12/31/23 | 19,850 | |||||
$293,070 | |||||||
Multiperil – U.S. Regional — 0.0%† | |||||||
250,000(c)(j)+ | Brotherhood Re, 1/31/23 | $ — | |||||
Multiperil – Worldwide — 7.2% | |||||||
3,037(k)+ | Alturas Re 2019-2, 3/10/23 | $ 4,276 | |||||
24,550(k)+ | Alturas Re 2019-3, 9/12/23 | 11,953 | |||||
60,078(k)+ | Alturas Re 2020-2, 3/10/23 | 50,213 | |||||
225,450(c)(k)+ | Alturas Re 2020-3, 9/30/24 | 1,646 | |||||
439,922(c)(k)+ | Alturas Re 2021-2, 12/31/24 | 572 | |||||
213,682(c)(k)+ | Alturas Re 2021-3, 7/31/25 | 198,639 | |||||
416,933(c)(k)+ | Alturas Re 2022-2, 12/31/27 | 416,933 | |||||
500,000(c)(j)+ | Bantry Re 2018, 12/31/22 | 5,700 | |||||
492,000(c)(j)+ | Bantry Re 2019, 12/31/22 | 16,710 | |||||
470,033(c)(j)+ | Bantry Re 2020, 12/31/23 | 68,719 | |||||
500,000(c)(j)+ | Bantry Re 2021, 12/31/24 | 492,850 | |||||
1,579,039(c)(j)+ | Berwick Re 2018-1, 12/31/22 | 122,060 | |||||
1,128,124(c)(j)+ | Berwick Re 2019-1, 12/31/22 | 134,811 | |||||
993,323(j)+ | Berwick Re 2020-1, 12/31/23 | 99 | |||||
750,000(c)(j)+ | Berwick Re 2022, 12/31/27 | 753,433 | |||||
12,500(c)(j)+ | Eden Re II, 3/22/23 (144A) | 3,739 | |||||
7,125(j)+ | Eden Re II, 3/22/23 (144A) | 27,387 | |||||
37,500(j)+ | Eden Re II, 3/22/23 (144A) | 11,858 | |||||
70,000(c)(j)+ | Eden Re II, 3/22/24 (144A) | 37,240 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2220
Schedule of Investments | 1/31/22
(unaudited) (continued)
Face Amount USD ($) | Value | |||||
Multiperil – Worldwide — (continued) | ||||||
180,000(c)(j)+ | Eden Re II, 3/21/25 (144A) | $ 143,400 | ||||
400,000(c)(j)+ | Eden Re II, 3/20/26 (144A) | 400,000 | ||||
250,000(c)(j)+ | Gleneagles Re 2018, 12/31/22 | 29,575 | ||||
221,708(j)+ | Gleneagles Re 2019, 12/31/22 | 4,955 | ||||
243,580(c)(j)+ | Gleneagles Re 2020, 12/31/23 | 24,344 | ||||
250,000(c)(j)+ | Gleneagles Re 2021, 12/31/24 | 59,886 | ||||
250,000(c)(j)+ | Gleneagles Re 2022, 12/31/27 | 251,015 | ||||
1,059,157(c)(j)+ | Gullane Re 2018, 12/31/22 | 147,117 | ||||
900,000(c)(j)+ | Gullane Re 2021, 12/31/24 | 793,800 | ||||
849(j)+ | Limestone Re 2018, 3/1/23 | — | ||||
250,000(k)+ | Lion Rock Re 2020, 1/31/23 | — | ||||
250,000(c)(k)+ | Lion Rock Re 2021, 12/31/24 | 195,225 | ||||
750,000(c)(k)+ | Lorenz Re 2018, 7/1/22 | — | ||||
498,977(c)(k)+ | Lorenz Re 2019, 6/30/22 | 16,366 | ||||
63,338(c)(k)+ | Lorenz Re 2020, 6/30/23 | 2,920 | ||||
336,662(c)(k)+ | Lorenz Re 2020, 6/30/23 | 15,520 | ||||
500,000(c)(j)+ | Merion Re 2018-2, 12/31/22 | 82,750 | ||||
500,000(c)(j)+ | Merion Re 2021-2, 12/31/24 | 472,500 | ||||
1,000,000(c)(j)+ | Pangaea Re 2018-1, 12/31/22 | 21,055 | ||||
1,000,000(c)(j)+ | Pangaea Re 2018-3, 7/1/22 | 20,743 | ||||
819,247(c)(j)+ | Pangaea Re 2019-1, 2/1/23 | 17,071 | ||||
735,313(c)(j)+ | Pangaea Re 2019-3, 7/1/23 | 26,450 | ||||
810,646(j)+ | Pangaea Re 2020-1, 2/1/24 | 17,203 | ||||
620,500(c)(j)+ | Pangaea Re 2020-3, 7/1/24 | 28,161 | ||||
790,000(c)(j)+ | Pangaea Re 2021-1, 12/31/24 | 22,792 | ||||
746,905(c)(j)+ | Pangaea Re 2022-1, 12/31/27 | 746,905 | ||||
250,000(c)(j)+ | Phoenix One Re, 1/4/27 | 268,475 | ||||
200,000(c)(j)+ | Sector Re V, 3/1/24 (144A) | 154,540 | ||||
25,000(c)(j)+ | Sector Re V, 12/1/24 (144A) | 73,558 | ||||
499(c)(j)+ | Sector Re V, 12/1/25 (144A) | 22,553 | ||||
750,000(a)(j)+ | Sector Re V, 0.32%, (3 Month U.S. Treasury Bill + 0 bps), 12/1/26 (144A) | 765,300 | ||||
225,000(a)(j)+ | Sector Re V, 0.32%, (3 Month U.S. Treasury Bill + 0 bps), 12/1/26 (144A) | 229,590 | ||||
515,671(j)+ | Sussex Re 2020-1, 12/31/22 | 12,686 | ||||
250,000(c)(j)+ | Sussex Re 2021-1, 12/31/24 | 38,500 | ||||
500,000(c)(k)+ | Sussex Re 2022, 12/31/27 | 503,500 | ||||
313,499(c)(k)+ | Thopas Re 2019, 12/31/22 | — | ||||
300,000(c)(k)+ | Thopas Re 2020, 12/31/23 | 2,130 | ||||
250,000(c)(k)+ | Thopas Re 2021, 12/31/24 | 259,400 | ||||
375,860(c)(k)+ | Torricelli Re 2021, 7/31/25 | 354,849 | ||||
500,000(c)(j)+ | Versutus Re 2018, 12/31/22 | 600 |
21Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Face Amount USD ($) | Value | ||||||
Multiperil – Worldwide — (continued) | |||||||
441,274(c)(j)+ | Versutus Re 2019-A, 12/31/22 | $ 265 | |||||
58,727(c)(j)+ | Versutus Re 2019-B, 12/31/22 | — | |||||
500,000(c)(k)+ | Viribus Re 2018, 12/31/22 | — | |||||
212,306(c)(k)+ | Viribus Re 2019, 12/31/22 | 8,874 | |||||
240,783(c)(k)+ | Viribus Re 2020, 12/31/23 | 1,950 | |||||
216,242(c)(k)+ | Viribus Re 2021, 12/31/24 | 209,517 | |||||
507,289(c)(j)+ | Woburn Re 2018, 12/31/22 | 33,688 | |||||
499,829(c)(j)+ | Woburn Re 2019, 12/31/22 | 127,142 | |||||
$8,965,708 | |||||||
Total Reinsurance Sidecars | $9,258,778 | ||||||
Total Insurance-Linked Securities (Cost $21,288,702) | $19,475,927 | ||||||
Principal Amount USD ($) | ||||||
Foreign Government Bonds — 3.5% of Net Assets | ||||||
Angola — 0.4% | ||||||
448,000 | Angolan Government International Bond, 8.250%, 5/9/28 (144A) | $ 451,315 | ||||
Total Angola | $451,315 | |||||
Argentina — 0.0%† | ||||||
11,920 | Province of Salta Argentina, 9.500%, 3/16/22 (144A) | $ 11,086 | ||||
Total Argentina | $11,086 | |||||
Bahrain — 0.3% | ||||||
300,000 | Bahrain Government International Bond, 7.000%, 10/12/28 (144A) | $ 319,060 | ||||
Total Bahrain | $319,060 | |||||
Gabon — 0.4% | ||||||
475,000 | Gabon Government International Bond, 7.000%, 11/24/31 (144A) | $ 463,909 | ||||
Total Gabon | $463,909 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2222
Schedule of Investments | 1/31/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Ghana — 0.5% | ||||||
320,000 | Ghana Government International Bond, 7.875%, 2/11/35 (144A) | $ 239,475 | ||||
500,000 | Ghana Government International Bond, 8.627%, 6/16/49 | 373,125 | ||||
Total Ghana | $612,600 | |||||
Mexico — 0.7% | ||||||
MXN18,385,500 | Mexican Bonos, 8.000%, 12/7/23 | $ 898,151 | ||||
Total Mexico | $898,151 | |||||
Nigeria — 0.5% | ||||||
675,000 | Nigeria Government International Bond, 7.375%, 9/28/33 (144A) | $ 628,155 | ||||
Total Nigeria | $628,155 | |||||
Oman — 0.2% | ||||||
235,000 | Oman Government International Bond, 6.750%, 10/28/27 (144A) | $ 257,799 | ||||
Total Oman | $257,799 | |||||
Ukraine — 0.5% | ||||||
750,000 | Ukraine Government International Bond, 8.994%, 2/1/24 (144A) | $ 690,000 | ||||
Total Ukraine | $690,000 | |||||
Total Foreign Government Bonds (Cost $4,701,934) | $4,332,075 | |||||
Shares | ||||||
SHORT TERM INVESTMENTS — 1.0% of Net Assets | ||||||
Open-End Fund — 1.0% | ||||||
1,290,472(l) | Dreyfus Government Cash Management, Institutional Shares, 0.03% | $ 1,290,472 | ||||
$1,290,472 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $1,290,472) | $1,290,472 |
23Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Number of Contracts | Description | Counterparty | Amount | Strike Price | Expiration Date | Value |
Over The Counter (OTC) Call Options Purchased — 0.0%† | ||||||
18,332(m)+^ | Desarrolladora Homex SAB de CV | Brown Brothers Harriman & Co. | MXN — | MXN —(n) | 10/23/22 | $— |
18,332(o)+^ | Desarrolladora Homex SAB de CV | Brown Brothers Harriman & Co. | MXN — | MXN —(n) | 10/23/22 | — |
Total Over The Counter (OTC) Call Options Purchased (Premiums paid $ 0) | $— | |||||
Over The Counter (OTC) Currency Put Options Purchased — 0.1% | ||||||
3,300,000 | Put EUR Call USD | Bank of America NA | EUR 29,322 | EUR 1.15 | 2/15/22 | $87,768 |
1,700,000 | Put EUR Call USD | Bank of America NA | EUR 26,125 | EUR 1.15 | 10/19/22 | 49,813 |
1,680,000 | Put EUR Call USD | Goldman Sachs & Co. | EUR 11,367 | EUR 1.13 | 2/14/22 | 15,797 |
800,000 | Put EUR Call USD | JPMorgan Chase Bank NA | EUR 11,348 | EUR 1.17 | 2/4/22 | 33,616 |
Total Over The Counter (OTC) Currency Put Options Purchased (Premiums paid $ 78,162) | $186,994 | |||||
TOTAL OPTIONS PURCHASED (Premiums paid $ 78,162) | $186,994 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 146.7% (Cost $179,682,030) | $182,116,566 | |||||
Over The Counter (OTC) Currency Call Options Written — (0.0%)† | ||||||
3,300,000 | Call EUR Put USD | Bank of America NA | EUR 29,322 | EUR 1.20 | 2/15/22 | $— |
1,700,000 | Call EUR Put USD | Bank of America NA | EUR 26,125 | EUR 1.20 | 10/19/22 | (7,001) |
1,680,000 | Call EUR Put USD | Goldman Sachs & Co. | EUR 11,367 | EUR 1.16 | 2/14/22 | (48) |
800,000 | Call EUR Put USD | JPMorgan Chase Bank NA | EUR 11,348 | EUR 1.25 | 2/4/22 | — |
Total Over The Counter (OTC) Currency Call Options Written (Premiums received $(78,162)) | $(7,049) | |||||
OTHER ASSETS AND LIABILITIES — (46.7)% | $(58,006,027) | |||||
net assets — 100.0% | $124,103,490 |
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. |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2224
Schedule of Investments | 1/31/22
(unaudited) (continued)
SOFR | Secured Overnight Financing Rate. |
SOFR30A | Secured Overnight Financing Rate 30 Day Average. |
(144A) | Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At January 31, 2022, the value of these securities amounted to $141,208,747, or 113.8% of net assets. |
(a) | Floating rate note. Coupon rate, reference index and spread shown at January 31, 2022. |
(b) | Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount. |
(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, 2022. |
(e) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(f) | Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities. |
(g) | Security is priced as a unit. |
(h) | Security is in default. |
(i) | Security is perpetual in nature and has no stated maturity date. |
(j) | Issued as participation notes. |
(k) | Issued as preference shares. |
(l) | Rate periodically changes. Rate disclosed is the 7-day yield at January 31, 2022. |
(m) | Option does not become effective until underlying company’s outstanding common shares reach a market capitalization of MXN 12.5 billion. |
(n) | Strike price is 1 Mexican Peso (MXN). |
(o) | Option does not become effective until underlying company’s outstanding common shares reach a market capitalization of MXN 15.5 billion. |
* | 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, (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, 2022. |
† | Amount rounds to less than 0.1%. |
+ | Security that used significant unobservable inputs to determine its value. |
^ | Security is valued using fair value methods (other than prices supplied by independent pricing services or broker dealers). |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Ailsa Re 2021 | 7/12/2021 | $350,000 | $359,687 |
25Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Restricted Securities | Acquisition date | Cost | Value |
Alamo Re II | 5/29/2020 | $250,000 | $258,675 |
Alturas Re 2019-2 | 12/19/2018 | 3,037 | 4,276 |
Alturas Re 2019-3 | 6/26/2019 | 24,550 | 11,953 |
Alturas Re 2020-2 | 1/1/2020 | 60,078 | 50,213 |
Alturas Re 2020-3 | 8/3/2020 | 512 | 1,646 |
Alturas Re 2021-2 | 2/16/2021 | 22,989 | 572 |
Alturas Re 2021-3 | 8/16/2021 | 213,682 | 198,639 |
Alturas Re 2022-2 | 1/18/2022 | 416,933 | 416,933 |
Amaranth Re 2022 | 1/21/2022 | 221,062 | 223,291 |
Ballybunion Re 2020 | 12/31/2019 | 66,287 | 77,375 |
Ballybunion Re 2021 | 8/10/2021 | 250,000 | 259,299 |
Ballybunion Re 2021-2 | 8/2/2021 | 500,000 | 517,400 |
Ballybunion Re 2021-3 | 8/2/2021 | 100,000 | 101,400 |
Bantry Re 2018 | 2/6/2019 | 5,689 | 5,700 |
Bantry Re 2019 | 2/1/2019 | — | 16,710 |
Bantry Re 2020 | 2/4/2020 | 26,121 | 68,719 |
Bantry Re 2021 | 1/11/2021 | 500,000 | 492,850 |
Berwick Re 2018-1 | 1/10/2018 | 230,646 | 122,060 |
Berwick Re 2019-1 | 12/31/2018 | 134,801 | 134,811 |
Berwick Re 2020-1 | 9/24/2020 | — | 99 |
Berwick Re 2022 | 12/31/2021 | 750,000 | 753,433 |
Brotherhood Re | 1/22/2018 | 40,341 | — |
Caelus Re V | 4/27/2017 | 400,000 | 20,000 |
Caelus Re V | 4/27/2017 | 375,000 | 33 |
Caelus Re V | 5/4/2018 | 250,000 | 25 |
Cape Lookout Re | 3/9/2021 | 250,000 | 250,600 |
Carnoustie Re 2020 | 7/16/2020 | 11,377 | 33,900 |
Carnoustie Re 2021 | 1/25/2021 | 7,764 | 10,983 |
Carnoustie Re 2022 | 1/20/2022 | 223,952 | 225,437 |
Cypress Re 2017 | 1/24/2017 | 2,185 | 65 |
Dartmouth Re 2018 | 1/18/2018 | 188,086 | 97,672 |
Dartmouth Re 2021 | 1/19/2021 | 37,395 | 56,920 |
Denning Re 2021 | 7/28/2021 | 244,573 | 250,417 |
Eden Re II | 12/15/2017 | 747 | 3,739 |
Eden Re II | 1/22/2019 | 835 | 27,387 |
Eden Re II | 12/23/2019 | 70,000 | 37,240 |
Eden Re II | 1/23/2018 | 867 | 11,858 |
Eden Re II | 1/25/2021 | 180,000 | 143,400 |
Eden Re II | 1/21/2022 | 400,000 | 400,000 |
Four Lakes Re | 11/5/2020 | 250,000 | 250,250 |
Four Lakes Re | 11/5/2020 | 250,000 | 252,426 |
Gleneagles Re 2018 | 1/11/2018 | 20,068 | 29,575 |
Gleneagles Re 2019 | 12/31/2018 | — | 4,955 |
Gleneagles Re 2020 | 6/24/2020 | 1,917 | 24,344 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2226
Schedule of Investments | 1/31/22
(unaudited) (continued)
Restricted Securities | Acquisition date | Cost | Value |
Gleneagles Re 2021 | 1/13/2021 | $64,461 | $59,886 |
Gleneagles Re 2022 | 1/18/2022 | 250,000 | 251,015 |
Gullane Re 2018 | 3/26/2018 | 75,936 | 147,117 |
Gullane Re 2021 | 2/23/2021 | 900,000 | 793,800 |
Harambee Re 2018 | 12/19/2017 | 21,232 | 1,800 |
Harambee Re 2019 | 12/20/2018 | — | 1,100 |
Harambee Re 2020 | 2/27/2020 | 4,765 | 19,850 |
Hypatia, Ltd. | 4/9/2021 | 257,679 | 261,075 |
Hypatia, Ltd. | 7/10/2020 | 771,022 | 791,625 |
International Bank for Reconstruction & Development | 7/19/2021 | 250,000 | 249,925 |
Isosceles Re 2021 | 7/19/2021 | 227,760 | 249,050 |
Kilimanjaro III Re | 4/8/2021 | 250,000 | 250,375 |
Kilimanjaro III Re | 4/8/2021 | 250,000 | 247,925 |
Kilimanjaro Re | 6/12/2020 | 249,072 | 251,575 |
Limestone Re | 6/20/2018 | 230 | 3,497 |
Limestone Re 2018 | 6/20/2018 | 849 | — |
Lion Rock Re 2020 | 12/30/2019 | — | — |
Lion Rock Re 2021 | 3/1/2021 | 250,000 | 195,225 |
Lorenz Re 2018 | 6/26/2018 | 143,227 | — |
Lorenz Re 2019 | 6/26/2019 | 156,932 | 16,366 |
Lorenz Re 2020 | 8/11/2020 | 3,822 | 2,920 |
Lorenz Re 2020 | 8/12/2020 | 20,317 | 15,520 |
Matterhorn Re | 12/15/2021 | 250,000 | 249,600 |
Merion Re 2018-2 | 12/28/2017 | 20,576 | 82,750 |
Merion Re 2021-2 | 12/28/2020 | 500,000 | 472,500 |
Merion Re 2022-1 | 1/25/2022 | 215,055 | 217,780 |
Mona Lisa Re | 12/30/2019 | 752,100 | 758,925 |
Mystic Re IV | 10/26/2021 | 248,492 | 251,675 |
Mystic Re IV | 6/9/2021 | 500,000 | 496,450 |
Oakmont Re 2020 | 12/3/2020 | 239,355 | 282,639 |
Old Head Re 2022 | 1/6/2022 | 188,288 | 193,026 |
Oyster Bay Re 2018 | 1/17/2018 | 297,524 | 302,541 |
Pangaea Re 2018-1 | 1/11/2018 | 143,008 | 21,055 |
Pangaea Re 2018-3 | 5/31/2018 | 240,861 | 20,743 |
Pangaea Re 2019-1 | 1/9/2019 | 8,601 | 17,071 |
Pangaea Re 2019-3 | 7/25/2019 | 22,059 | 26,450 |
Pangaea Re 2020-1 | 1/21/2020 | — | 17,203 |
Pangaea Re 2020-3 | 9/15/2020 | — | 28,161 |
Pangaea Re 2021-1 | 1/28/2021 | 43,095 | 22,792 |
Pangaea Re 2022-1 | 1/11/2022 | 746,905 | 746,905 |
Phoenix One Re | 12/21/2020 | 250,000 | 268,475 |
Port Royal Re 2021 | 6/17/2021 | 238,947 | 250,187 |
Portrush Re 2017 | 6/12/2017 | 575,239 | 478,575 |
27Pioneer Diversified High Income Fund, Inc. | | 1/31/22
Restricted Securities | Acquisition date | Cost | Value |
Residential Reinsurance 2018 Re | 11/15/2018 | $250,000 | $245,875 |
Residential Reinsurance 2019 Re | 11/5/2019 | 250,000 | 245,400 |
Residential Reinsurance 2021 Re | 10/28/2021 | 500,000 | 499,500 |
Resilience Re | 2/8/2017 | 339 | — |
Sector Re V | 4/23/2019 | 200,000 | 154,540 |
Sector Re V | 12/4/2019 | 25,000 | 73,558 |
Sector Re V | 12/21/2020 | 499 | 22,553 |
Sector Re V | 12/6/2021 | 750,000 | 765,300 |
Sector Re V | 1/5/2022 | 225,000 | 229,590 |
Seminole Re 2018 | 1/2/2018 | — | 5,344 |
Sussex Re 2020-1 | 1/21/2020 | — | 12,686 |
Sussex Re 2021-1 | 1/26/2021 | 34,247 | 38,500 |
Sussex Re 2022 | 1/5/2022 | 500,000 | 503,500 |
Thopas Re 2019 | 2/13/2019 | — | — |
Thopas Re 2020 | 12/30/2019 | — | 2,130 |
Thopas Re 2021 | 1/22/2021 | 250,000 | 259,400 |
Torricelli Re 2021 | 7/2/2021 | 375,860 | 354,849 |
Versutus Re 2018 | 12/20/2017 | — | 600 |
Versutus Re 2019-A | 1/28/2019 | — | 265 |
Versutus Re 2019-B | 12/24/2018 | — | — |
Viribus Re 2018 | 12/22/2017 | 39,450 | — |
Viribus Re 2019 | 3/25/2019 | — | 8,874 |
Viribus Re 2020 | 3/12/2020 | 24,541 | 1,950 |
Viribus Re 2021 | 2/1/2021 | 216,242 | 209,517 |
Vitality Re XI | 1/23/2020 | 250,000 | 245,050 |
Walton Health Re 2019 | 7/18/2019 | 152,801 | 208,650 |
White Heron Re 2021 | 6/9/2021 | — | 5,350 |
Woburn Re 2018 | 3/20/2018 | 175,959 | 33,688 |
Woburn Re 2019 | 1/30/2019 | 109,861 | 127,142 |
Total Restricted Securities | $19,475,927 | ||
% of Net assets | 15.7% |
Distributions of investments by country of issue, as a percentage of long-term holdings based on country of domicile, is as follows:
United States | 60.5% |
Canada | 6.8% |
Luxembourg | 6.1% |
Bermuda | 3.8% |
Mexico | 3.6% |
United Kingdom | 2.8% |
Cayman Islands | 2.0% |
Netherlands | 1.4% |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2228
Schedule of Investments | 1/31/22
(unaudited) (continued)
Ireland | 1.4% |
Italy | 1.3% |
Turkey | 1.3% |
Other (individually less than 1%) | 9.0% |
100.0% |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased | In Exchange for | Currency Sold | Deliver | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) |
EUR | 224,000 | USD | 253,286 | Brown Brothers Harriman & Co. | 2/24/22 | $(1,513) |
EUR | 980,000 | USD | 1,120,552 | Brown Brothers Harriman & Co. | 3/25/22 | (18,185) |
USD | 766,148 | EUR | 680,000 | Brown Brothers Harriman & Co. | 4/28/22 | 545 |
USD | 923,711 | EUR | 813,000 | Citibank NA | 2/24/22 | 9,909 |
EUR | 650,000 | USD | 735,775 | HSBC Bank USA NA | 3/25/22 | (4,614) |
GBP | 822,000 | USD | 1,103,571 | Morgan Stanley & Co., LLC | 3/23/22 | 1,598 |
EUR | 2,240,000 | USD | 2,535,199 | State Street Bank & Trust Co. | 4/28/22 | (13,214) |
USD | 345,054 | EUR | 305,000 | State Street Bank & Trust Co. | 4/28/22 | 1,658 |
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | $(23,816) |
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
ARS | — Argentine Peso |
EUR | — Euro |
GBP | — Great British Pound |
IDR | — Indonesian Rupiah |
MXN | — Mexican Peso |
USD | — United States Dollar |
29Pioneer Diversified High Income Fund, Inc. | | 1/31/22
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 Fund's own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of January 31, 2022, in valuing the Fund's investments:
Level 1 | Level 2 | Level 3 | Total | |
Senior Secured Floating Rate Loan Interests | $— | $5,734,858 | $— | $5,734,858 |
Common Stocks | ||||
Specialty Retail | — | — | 64,395 | 64,395 |
All Other Common Stocks | 231,853 | — | — | 231,853 |
Asset Backed Securities | — | 2,426,814 | — | 2,426,814 |
Collateralized Mortgage Obligations | — | 1,555,423 | — | 1,555,423 |
Commercial Mortgage-Backed Securities | — | 13,198,862 | — | 13,198,862 |
Convertible Corporate Bonds | — | 2,505,054 | — | 2,505,054 |
Corporate Bonds | — | 130,535,389 | — | 130,535,389 |
Preferred Stock | 578,450 | — | — | 578,450 |
Insurance-Linked Securities | ||||
Collateralized Reinsurance | ||||
Multiperil – Massachusetts | — | — | 250,417 | 250,417 |
Multiperil – U.S. | — | — | 1,205,661 | 1,205,661 |
Multiperil – U.S. Regional | — | — | 359,687 | 359,687 |
Multiperil – Worldwide | — | — | 1,308,786 | 1,308,786 |
Windstorm – Florida | — | — | 727,625 | 727,625 |
Windstorm – U.S. Multistate | — | — | 5,350 | 5,350 |
Windstorm – U.S. Regional | — | — | 282,639 | 282,639 |
Reinsurance Sidecars | ||||
Multiperil – U.S. | — | — | 293,070 | 293,070 |
Multiperil – U.S. Regional | — | — | —* | —* |
Multiperil – Worldwide | — | — | 8,965,708 | 8,965,708 |
All Other Insurance-Linked Securities | — | 6,076,984 | — | 6,076,984 |
Foreign Government Bonds | — | 4,332,075 | — | 4,332,075 |
Open-End Fund | 1,290,472 | — | — | 1,290,472 |
Over The Counter (OTC) Call Options Purchased | — | — | —* | —* |
Over The Counter (OTC) Currency Put Options Purchased | — | 186,994 | — | 186,994 |
Total Investments in Securities | $2,100,775 | $166,552,453 | $13,463,338 | $182,116,566 |
Pioneer Diversified High Income Fund, Inc. | | 1/31/2230
Schedule of Investments | 1/31/22
(unaudited) (continued)
Level 1 | Level 2 | Level 3 | Total | |
Other Financial Instruments | ||||
Over The Counter (OTC) Currency Call Options Written | $— | $(7,049) | $— | $(7,049) |
Net unrealized depreciation on forward foreign currency exchange contracts | — | (23,816) | — | (23,816) |
Total Other Financial Instruments | $— | $(30,865) | $— | $(30,865) |
* | Securities valued at $0. |
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
Common Stocks | Insurance- Linked Securities | Total | |
Balance as of 4/30/21 | $ 280,712 | $ 13,667,444 | $ 13,948,156 |
Realized gain (loss) | 48,908 | (468,381) | (419,473) |
Changed in unrealized appreciation (depreciation) | (5,703) | (329,893) | (335,596) |
Accrued discounts/premiums | — | (3,476,842) | (3,476,842) |
Purchases | — | 7,386,814 | 7,386,814 |
Sales | (165,428) | (3,380,126) | (3,545,554) |
Transfers in to Level 3* | — | — | — |
Transfers out of Level 3* | (94,094) | (73) | (94,167) |
Balance as of 1/31/22 | $ 64,395 | $ 13,398,943 | $ 13,463,338 |
* Transfers are calculated on the beginning of period values. For the three months ended January 31, 2022, securities with an aggregate market value of $94,167 transferred from Level 3 to Level 2 as there were observable inputs available to determine their value. There were no other transfers in or out of Level 3. | |
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at January 31, 2022: | $375,758 |
31Pioneer Diversified High Income Fund, Inc. | | 1/31/22