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 Municipal High Income Trust (MHI)

National Muni Bond Funds - Muni High Yield

Data as of Oct. 15, 2019
Market Price $12.48 (+ $0.03)
NAV (Oct. 15, 2019) $13.10 (- $0.01)
Premium / Discount -4.73% (+0.30%)
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
Capital & Leverage
Outstanding Shares 22,771,349
Total Assets (Reported: April 30, 2019) $413M
Estimated Total Assets $422M
Net Assets $298M
Market Cap $284M
Purchases Turnover 25.20%
Sales Turnover 19.84%
Total Leverage 29.30%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.26%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 2.92%
Discount Data
Average Discount (3 Yr) -7.39%
Discount Low(3 Yr) -13.39%
Discount High(3 Yr) -1.93%
Discount Rel Range 75.55%
Comp Discount -2.32
Discount St Dev (1Yr) 2.68
Z-Stat (6mo) 0.12
Z-Stat (1Yr) 0.81
Z-Stat (3Yr) 1.26
Comp Z-Stat (6mo) -0.15
Comp Z-Stat (3Yr) 0.93
Distribution Data
Market Yield 4.57%
Income Yield 4.57%
Lev Adj NAV Yield 3.37%
Distribution Frequency M
Current Distribution $0.048
Current Income $0.048
Ex-Date 10/16/19
Payable Date 10/31/19
Div Growth (3yr) -17.39%
Dividend Change -9.5% on 8/6/19
Expected Div 11/5/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $715
Avg Volume 30 day 35,956
Avg Volume 90 day 57,274
Volume Trend -37.22%
Comp Volume Trend -25.72%
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): MAV 73.0%
NAV - Price Correlation (30 d) 82.7%
NAV - Price Correlation (90 d) 42.6%
NAV - Price Correlation (1 Yr) 95.4%
Price St Dev (1Yr) 9.3%
NAV St Dev (1Yr) 3.0%
Earnings / Share (4/30/19) $0.049
Earn Coverage 104.00%
Earnings Trend Down
UNII / Share (4/30/19) $0.114
Rel UNII 19.96
UNII Trend Down
Bond Specific Data
Maturity 11.94
Duration 4.97
Credit Rating (rbo) A
Investment Grade 62.89%
Non Investment Grade 15.50%
Unrated Bonds 21.62%
Average Bond Price 101.87
Discount vs Price -2.86
Coupon 5.51%
Zero Coupon 4.29%
AMT 0.00%
AMT Yield 4.57%
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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