XPMAX: Pioneer Muni High Inc Adv

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XPMAX Pioneer Muni High Inc Adv


Profile

XPMAX - Profile

Vitals

  • YTD Return -3.4%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -1.9%
  • Net Assets $281 M
  • Holdings in Top 10 21.4%

52 WEEK LOW AND HIGH

$11.56
$10.49
$12.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -1.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer Municipal High Income Advantage Trust
  • Fund Family Name
    Pioneer Advisors, LLC
  • Inception Date
    Oct 20, 2003
  • Shares Outstanding
    23899020
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Eurkus

Fund Description

N/A


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Categories

Performance

XPMAX - Performance

Return Ranking - Trailing

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -15.1% 0.9% 4.55%
1 Yr -0.3% -14.6% 9.9% 6.25%
3 Yr -1.1%* -3.6% 4.5% 29.76%
5 Yr -1.9%* -3.3% 1.9% 72.26%
10 Yr -0.6%* -1.1% 1.9% 86.27%

* Annualized

Return Ranking - Calendar

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -0.7% 9.1% 36.98%
2018 -4.7% -5.7% 9.2% 98.88%
2017 1.5% -9.7% 8.6% 87.50%
2016 -5.9% -6.1% -0.8% 99.35%
2015 -1.8% -5.6% 2.9% 93.38%

Total Return Ranking - Trailing

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -15.1% 0.9% 4.55%
1 Yr -0.3% -14.6% 10.7% 6.25%
3 Yr -1.1%* -3.6% 4.5% 33.93%
5 Yr -1.9%* -3.3% 1.9% 72.26%
10 Yr -0.6%* -1.1% 4.7% 86.27%

* Annualized

Total Return Ranking - Calendar

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -0.7% 9.9% 37.50%
2018 -4.7% -5.7% 9.2% 98.88%
2017 1.5% -9.7% 8.8% 87.50%
2016 -5.9% -6.1% 1.0% 99.35%
2015 -1.8% -5.6% 5.3% 93.38%

NAV & Total Return History


Holdings

XPMAX - Holdings

Concentration Analysis

XPMAX Category Low Category High XPMAX % Rank
Net Assets 281 M 395 K 19.3 B 79.00%
Number of Holdings 149 6 4048 89.90%
Net Assets in Top 10 98.7 M -40.6 M 2.72 B 56.57%
Weighting of Top 10 21.42% 4.6% 98.9% 15.15%

Top 10 Holdings

  1. NEW JERSEY ST TRANSN TR FD AUTH 0% 2.93%
  2. MASSACHUSETTS ST DEV FIN AGY REV 5.75% 2.76%
  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 2.25%
  4. PRIVATE COLLEGES & UNIVS AUTH GA REV 5% 2.20%
  5. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.94%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.93%
  7. CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 0% 1.92%
  8. NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.75% 1.85%
  9. FLORIDA ST BRD ED PUB ED 4% 1.80%
  10. CONNECTICUT ST 4% 1.79%

Asset Allocation

Weighting Return Low Return High XPMAX % Rank
Bonds
99.74% 81.55% 142.87% 44.95%
Cash
0.26% -4.51% 17.48% 57.07%
Stocks
0.00% 0.00% 0.35% 91.92%
Preferred Stocks
0.00% -43.10% 0.37% 89.90%
Other
0.00% -5.17% 2.08% 84.34%
Convertible Bonds
0.00% 0.00% 0.01% 90.40%

Bond Sector Breakdown

Weighting Return Low Return High XPMAX % Rank
Municipal
99.74% 83.27% 100.00% 31.82%
Cash & Equivalents
0.26% 0.00% 16.36% 62.63%
Derivative
0.00% 0.00% 0.22% 90.40%
Securitized
0.00% 0.00% 0.09% 90.40%
Corporate
0.00% 0.00% 4.40% 94.44%
Government
0.00% -2.36% 5.69% 90.40%

Bond Geographic Breakdown

Weighting Return Low Return High XPMAX % Rank
US
98.47% 74.35% 136.82% 15.66%
Non US
1.27% 0.00% 14.36% 76.77%

Expenses

XPMAX - Expenses

Operational Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.21% 2.89% 30.96%
Management Fee 0.60% 0.00% 1.25% 89.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.01% 0.35% 41.07%

Sales Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 6.16% 125.00% 4.04%

Distributions

XPMAX - Distributions

Dividend Yield Analysis

XPMAX Category Low Category High XPMAX % Rank
Dividend Yield 0.00% 0.00% 4.49% 92.00%

Dividend Distribution Analysis

XPMAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XPMAX Category Low Category High XPMAX % Rank
Net Income Ratio 4.69% 1.99% 5.67% 8.12%

Capital Gain Distribution Analysis

XPMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XPMAX - Fund Manager Analysis

Managers

David Eurkus


Start Date

Tenure

Tenure Rank

Oct 20, 2003

16.46

16.5%

David J. Eurkus is Managing Director, Portfolio Manager and Director of Municipals at Amundi Pioneer. He is a Portfolio Manager on open-end and closed-end national high yield municipal bond and national investment grade municipal bond strategies. He also leads the Municipals team based in Boston. Prior to joining Amundi Pioneer, David was a Senior Vice President and Portfolio Manager at Brown Brothers Harriman, where he managed municipal bond portfolios. Previously, he served as a Senior Vice President and Senior Portfolio Manager at Putnam Investments, where he managed several tax-exempt mutual funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.27 7.02 0.36