HNW

Pioneer Diversified High Income Fund
HNW
Market cap $103M

12.39 USD

+0.01

0.08%

At close Jun 13, 4:00 PM EDT

1 day

0.08%

5 days

0.41%

1 month

1.31%

3 months

4.12%

6 months

0.81%

Year to date

4.47%

1 year

5.99%

5 years

1.47%

10 years

-26.38%

About: Pioneer Diversified High Income Trust is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income as well as capital appreciation. The company invests in various sectors such as Health Care Technology, Household Durables, Oil, Gas and Consumable Fuels, Specialty Retail, Banks, Chemicals, Financial Services, and others. It also invests in convertible bonds, common stock, asset-backed securities, and the U.S Treasury.

0

Funds holding %

of 7,296 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

400% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 3

5% less capital invested

Capital invested by funds: $28.7M [Q4 2024] → $27.3M (-$1.41M) [Q1 2025]

1.74% less ownership

Funds ownership: 29.17% [Q4 2024] → 27.42% (-1.74%) [Q1 2025]

7% less funds holding

Funds holding: 28 [Q4 2024] → 26 (-2) [Q1 2025]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

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Research analyst outlook

We haven’t received any recent analyst ratings for HNW.

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Financial journalist opinion

HNW: Arbitrage Opportunity From A Potential Liquidation (Rating Upgrade)

The Pioneer Diversified High Income Fund faces potential liquidation after Victory Capital's acquisition, as shareholders did not approve the new manager. Liquidation offers arbitrage opportunities by buying below NAV and potentially profiting if liquidation proceeds at NAV, despite market risks. The interim agreement allows Victory Capital to manage the fund temporarily, with liquidation as the likely outcome if shareholder approval isn't obtained.

HNW: Arbitrage Opportunity From A Potential Liquidation (Rating Upgrade)

HNW: Changing Managers, Still A Solid Hold

Pioneer Diversified High Income Fund, Inc. has delivered a 15.4% total return since our last article, matching the S&P 500. Amundi is proposing a management change for HNW, trying to sell its CEF business to Victory Capital, a Texas-based manager. The corporate action is subject to shareholders approval, and we would expect a 'sweetener' before agreeing to the proposed amendment.

HNW: Changing Managers, Still A Solid Hold

Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds

BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Amundi Asset Management US, Inc. (the “Advise.

Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds

HNW: An Interesting Bond Fund With Some Risks But Also Some Potential

The Pioneer Diversified High Income Fund, Inc. offers a 9.43% yield, comparable to its peers in the income-oriented bond closed-end fund sector. The HNW closed-end fund has experienced a decline in share price over the past three years, but distributions have offset the decline and provided a 5.06% total return. The fund primarily invests in high-yield corporate bonds and employs leverage to boost its effective yield, but its leverage level is in line with peers.

The Month In Closed-End Funds: January 2024

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

HNW: This 10% Yielding CEF Gets A Downgrade

The Pioneer Diversified High Income Fund is a fixed income CEF with a unique mix of asset classes with low correlations to each other. The vehicle's low volatility is attributed to its holdings of catastrophe bonds, which are not affected by traditional economic conditions. The fund's discount to NAV has narrowed, but US high yield spreads are now too low, leading to a downgrade in rating.

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