Pioneer Municipal High Income Advantage Fund (MAV)

• Market cap: $203M
• 1 day: 0.12%
• 5 days: -2.08%
• 1 month: -2.53%
• 3 months: -4.83%
• 6 months: 4.31%
• Year to date: 4.95%
• 1 year: 5.74%
• 5 years: -21.77%
• 10 years: -43.20%

About: Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and as a secondary objective to seek capital appreciation. It predominantly invests in debt securities and other obligations issued by or on behalf of states, territories, and possessions of the United States and the District of Columbia and their political subdivisions, agencies, and instrumentalities, the interest on which is exempt from regular federal income tax.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

6% more capital invested

Capital invested by funds: $95.7M [Q2] → $101M (+$5.7M) [Q3]

2% more funds holding

Funds holding: 58 [Q2] → 59 (+1) [Q3]

0.49% less ownership

Funds ownership: 48.72% [Q2] → 48.22% (-0.49%) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19