CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Pioneer Muni Hi Incm Tr (MHI)

National Muni Bond Funds - Muni High Yield

Data as of Dec. 11, 2017
Market Price $11.86 (+ $0.02)
NAV (Dec. 11, 2017) $12.85 (- $0.04)
Premium / Discount -7.70% (+0.44%)
Fund Info
Inception July 17, 2003
Sponsor Pioneer Investment Management
Website http://us.pioneerinves...
Phone 1-800-225-6292
Objective: High current income exempt from regular federal income tax; municipal securities
Related Indexes
High Yield Municipal Index
Tax-Sensitive Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 22,771,349
Gross Assets $392M
Net Assets $293M
Market Cap $270M
Purchases Turnover 22.81%
Sales Turnover 19.22%
Total Leverage 25.80%
Structural Leverage (out of total) 25.80%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.38%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 1.09%
Discount Data
Average Discount (3 Yr) -2.13%
Discount Low(3 Yr) -9.55%
Discount High(3 Yr) 10.82%
Discount Rel Range 9.08%
Comp Discount -6.67
Discount St Dev (1Yr) 1.07
Z-Stat (6mo) -1.15
Z-Stat (1Yr) -0.72
Z-Stat (3Yr) -1.04
Comp Z-Stat (6mo) -1.49
Comp Z-Stat (3Yr) -1.56
Distribution Data
Market Yield 5.31%
Income Yield 5.31%
Lev Adj NAV Yield 3.90%
Distribution Frequency M
Current Distribution $0.053
Current Income $0.053
Ex-Date 12/13/17
Payable Date 12/18/17
Div Growth (3yr) -38.24%
Dividend Change 5.0% on 11/3/17
Expected Div 1/3/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $869
Avg Volume 30 day 91,911
Avg Volume 90 day 73,273
Volume Trend 25.44%
Comp Volume Trend 8.78%
Correlation & Volatility
Correlation (30 d) 24.1%
Correlation (90 d) 56.7%
Correlation (1 Yr) 67.7%
Price St Dev (1Yr) 7.7%
NAV St Dev (1Yr) 2.8%
Earnings / Share (4/30/17) $0.055
Earn Coverage 105.14%
Earnings Trend Down
UNII / Share (4/30/17) $0.152
Rel UNII 24.16
UNII Trend Up
Bond Specific Data
Maturity 8.06
Duration 8.67
Credit Rating (rbo) A
Investment Grade 61.24%
Non Investment Grade 17.07%
Unrated Bonds 21.69%
Average Bond Price 108.28
Discount vs Price 0.58
Coupon 12.94%
Zero Coupon 11.07%
AMT 0.00%
AMT Yield 5.31%
Bond Calls Risk 0.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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