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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pioneer Municipal High Income Advantage Fund, Inc.

XPMAX | Fund

$9.11

$246 M

0.00%

1.86%

Vitals

YTD Return

-3.4%

1 yr return

-3.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

-5.3%

Net Assets

$246 M

Holdings in Top 10

21.4%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pioneer Municipal High Income Advantage Fund, Inc.

XPMAX | Fund

$9.11

$246 M

0.00%

1.86%

XPMAX - Profile

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return -5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer Municipal High Income Advantage Fund, Inc.
  • Fund Family Name
    Pioneer Advisors, LLC
  • Inception Date
    Oct 21, 2003
  • Shares Outstanding
    23914439
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Eurkus

Fund Description

XPMAX - Performance

Return Ranking - Trailing

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -4.2% 11.0% 99.50%
1 Yr -3.0% -3.8% 11.3% 99.00%
3 Yr N/A* -9.3% 2.5% 100.00%
5 Yr -5.3%* -5.3% 3.4% 100.00%
10 Yr -0.5%* -0.8% 155.1% 99.21%

* Annualized

Return Ranking - Calendar

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -6.2% 7.5% 26.73%
2022 -25.6% -26.9% -3.5% 98.99%
2021 -1.2% -1.9% 5.6% 94.92%
2020 3.5% -4.0% 4.2% 3.57%
2019 5.5% -0.7% 9.1% 38.95%

Total Return Ranking - Trailing

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -4.2% 11.0% 99.50%
1 Yr -3.0% -3.8% 11.3% 99.00%
3 Yr N/A* -9.3% 2.5% 100.00%
5 Yr -5.3%* -5.3% 3.4% 100.00%
10 Yr -0.5%* -0.8% 155.1% 99.21%

* Annualized

Total Return Ranking - Calendar

Period XPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -4.1% 10.9% 91.09%
2022 -25.6% -26.9% 4.3% 98.99%
2021 -1.2% -1.9% 10.0% 98.98%
2020 3.5% -2.6% 8.2% 49.49%
2019 7.9% -0.7% 1028633.9% 71.58%

NAV & Total Return History

XPMAX - Holdings

Concentration Analysis

XPMAX Category Low Category High XPMAX % Rank
Net Assets 246 M 3.1 M 15.6 B 75.50%
Number of Holdings 162 20 3325 86.43%
Net Assets in Top 10 89.4 M -102 M 1.96 B 59.30%
Weighting of Top 10 21.43% 4.6% 98.9% 17.59%

Top 10 Holdings

  1. NEW JERSEY ST TRANSN TR FD AUTH 3.11%
  2. MASSACHUSETTS ST DEV FIN AGY REV 5.75% 2.52%
  3. CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 2.29%
  4. TOBACCO SETTLEMENT FING CORP VA 5% 2.28%
  5. PRIVATE COLLEGES & UNIVS AUTH GA REV 5% 2.17%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.87%
  7. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.85%
  8. NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.75% 1.81%
  9. UNIVERSITY TEX UNIV REVS 5% 1.78%
  10. CONNECTICUT ST 4% 1.78%

Asset Allocation

Weighting Return Low Return High XPMAX % Rank
Bonds 		99.91% 0.00% 146.69% 34.16%
Cash 		0.10% -0.64% 10.86% 69.85%
Stocks 		0.00% 0.00% 99.72% 93.56%
Preferred Stocks 		0.00% -47.61% 0.00% 90.45%
Other 		0.00% -5.67% 5.07% 86.93%
Convertible Bonds 		0.00% 0.00% 0.00% 90.45%

Bond Sector Breakdown

Weighting Return Low Return High XPMAX % Rank
Municipal 		99.77% 50.68% 100.00% 17.59%
Cash & Equivalents 		0.23% 0.00% 10.86% 30.65%
Derivative 		0.00% -7.70% 2.16% 84.92%
Securitized 		0.00% 0.00% 22.44% 90.45%
Corporate 		0.00% 0.00% 2.83% 92.96%
Government 		0.00% 0.00% 0.09% 90.95%

Bond Geographic Breakdown

Weighting Return Low Return High XPMAX % Rank
US 		97.28% 0.00% 139.84% 69.85%
Non US 		2.63% 0.00% 13.35% 6.03%

XPMAX - Expenses

Operational Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.86% 0.22% 3.44% 9.90%
Management Fee 0.60% 0.00% 1.41% 88.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.02% 0.35% 38.33%

Sales Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

XPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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 11.00% 2.00% 121.00% 8.56%

XPMAX - Distributions

Dividend Yield Analysis

XPMAX Category Low Category High XPMAX % Rank
Dividend Yield 0.00% 0.00% 5.94% 96.04%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XPMAX Category Low Category High XPMAX % Rank
Net Income Ratio 4.02% 1.11% 5.44% 10.40%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XPMAX - Fund Manager Analysis

Managers

David Eurkus

Start Date

Tenure

Tenure Rank

Oct 20, 2003

18.62

18.6%

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.

Jonathan Chirunga

Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Jonathan M. Chirunga, Senior Vice President, Portfolio Manager, and member of the Municipals team, 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. Prior to joining Amundi Pioneer, Jonathan spent ten years at T. Rowe Price as a Municipal Credit Analyst covering municipal debt offerings for transportation, charter schools, tax allocation bonds, land-based real estate bonds, project finance bonds, including public-private partnerships, and tax-backed debt in the southeastern and central regions of the United States, providing buy, sell, and hold recommendations for a range of municipal bond funds. He also spent three years as a Municipal Credit Analyst at Standard & Poor’s, covering municipal debt offerings for Indian Gaming and other bond offerings backed by revenues related to Indian sovereignties, charter schools, tax allocation bonds, land-based real estate bonds, and tax-backed debt in the western region of the United States. Prior to Standard & Poor’s, Mr. Chirunga served as a Corporate Credit Analyst at Hewlett Packard Company, and was responsible for establishing credit for the company’s top 75 value-added resellers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.58 2.52

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