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Pioneer Municipal High Income Advantage Fund (MAV)

National Muni Bond Funds - Muni High Yield

Data as of July 16, 2024
Market Price $8.41 (+ $0.04)
NAV (July 16, 2024) $9.27 (+ $0.02)
Fund Listed NYSE
Premium / Discount -9.28% (+0.24%)
Fund Info
Inception Oct. 20, 2003
Sponsor Amundi Asset Management US
Website https://www.amundipion...
Phone 1-800-225-6292
Location Massachusetts
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High current income exempt from regular federal income tax; municipal securities
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 23,914,439
Total Assets (Reported: March 31, 2024) $271M
Estimated Total Assets $273M
Net Assets $222M
Market Cap $201M
Portfolio Turnover 10.00%
Total Leverage 18.90%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.76%
Non Lev Exp Ratio 1.29%
Rel Lev Cost 14.90%
Discount Data
Average Discount (3 Yr) -10.71%
Discount Low(3 Yr) -17.94%
Discount High(3 Yr) 3.52%
Discount Rel Range (3 Yr) 40.36%
Comp Discount -1.20
Discount St Dev (1Yr) 1.99
Z-Stat (6mo) 2.27
Z-Stat (1Yr) 2.22
Z-Stat (3Yr) 0.34
Comp Z-Stat (6mo) 0.98
Comp Z-Stat (3Yr) 0.39
Distribution Data
Market Yield 4.64%
Income Yield 3.94%
Lev Adj NAV Yield 3.54%
Distribution Frequency M
Current Distribution $0.033
Current Income $0.028
Ex-Date 7/19/24
Payable Date 7/31/24
Div Growth (3yr) -35.00%
Dividend Change 4.8% on 4/4/24
Expected Div 8/5/24
RoC (1yr) 16.78%
RoC (3yr) 11.28%
Volume & Liquidity
Average Daily $ (K) $480
Avg Volume 30 day 54,363
Avg Volume 90 day 57,093
Volume Trend -4.78%
Comp Volume Trend -10.95%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): MHI 93.0%
NAV - Price Correlation (30 d) 30.9%
NAV - Price Correlation (90 d) 82.1%
NAV - Price Correlation (1 Yr) 96.0%
Price St Dev (1Yr) 11.8%
NAV St Dev (1Yr) 9.2%
Earnings / Share (4/30/24) $0.042
Earn Coverage 129.85%
Earnings Trend Up
UNII / Share (4/30/24) $-0.008
Rel UNII -2.50
UNII Trend Up
Bond Specific Data
Maturity 20.01
Duration 7.92
Credit Rating (rbo) BBB
Investment Grade 40.00%
Non Investment Grade 22.95%
Unrated Bonds 37.05%
Average Bond Price 119.57
Discount vs Price 10.29
Coupon 4.95%
Zero Coupon 5.04%
AMT 0.00%
AMT Yield 4.64%
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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