Pioneer Municipal High Income Advantage Fund, Inc.

Pioneer Municipal High Income Advantage Fund, Inc.verified

MAV

Price:

$9.03

Market Cap:

$215.95M

Pioneer Municipal High Income Advantage Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index. It was formerly known as Pioneer Municipal Advantage Trust. Pioneer Municipal High Income Advantage Fund, Inc. was formed on August 6, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-10-23

Stock Exchange

NYSE

Ticker

MAV

The ROE as of September 2024 (TTM) for Pioneer Municipal High Income Advantage Fund, Inc. (MAV) is 1.51%

According to Pioneer Municipal High Income Advantage Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 1.51%. This represents a change of 248.88% compared to the average of 0.43% of the last 4 quarters.

Pioneer Municipal High Income Advantage Fund, Inc. (MAV) Historical ROE (quarterly & annually)

How has MAV ROE performed in the past?

The mean historical ROE of Pioneer Municipal High Income Advantage Fund, Inc. over the last ten years is 1.77%. The current 1.51% ROE has changed -14.65% with respect to the historical average. Over the past ten years (40 quarters), MAV's ROE was at its highest in in the March 2024 quarter at 6.75%. The ROE was at its lowest in in the September 2022 quarter at -10.97%.

Quarterly (TTM)
Annual

Average

1.77%

Median

3.42%

Minimum

-9.22%

Maximum

9.10%

Pioneer Municipal High Income Advantage Fund, Inc. (MAV) ROE by Quarter and Year

Discovering the peaks and valleys of Pioneer Municipal High Income Advantage Fund, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 889.88%

Maximum Annual ROE = 9.10%

Minimum Annual Increase = -611.92%

Minimum Annual ROE = -9.22%

Quarterly (TTM)
Annual
YearROEChange
20241.75%-118.99%
2023-9.22%11.50%
2022-8.27%-205.99%
20217.81%67.35%
20204.66%-3.10%
20194.81%94.67%
20182.47%889.88%
20170.25%-94.28%
20164.37%-51.95%
20159.10%-611.92%

Pioneer Municipal High Income Advantage Fund, Inc. (MAV) Average ROE

How has MAV ROE performed in the past?

The current ROE of Pioneer Municipal High Income Advantage Fund, Inc. (MAV) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-5.25%

5-year avg

-0.66%

10-year avg

1.77%

Pioneer Municipal High Income Advantage Fund, Inc. (MAV) ROE vs. Peers

How is MAV’s ROE compared to its peers?

Pioneer Municipal High Income Advantage Fund, Inc.’s ROE is less than The New America High Income Fund Inc. (20.61%), less than DWS Municipal Income Trust (2.78%), less than RiverNorth Capital and Income Fund, Inc. (11.38%), less than Putnam Managed Municipal Income Trust (11.54%), less than Western Asset Investment Grade Defined Opportunity Trust Inc. (5.65%), less than Pioneer Floating Rate Fund, Inc. (10.79%), less than The Gabelli Equity Trust Inc. PFD-G (17.75%), less than Nuveen Global High Income Fund (14.19%), less than Nuveen Mortgage and Income Fund (11.77%), less than Western Asset High Yield Defined Opportunity Fund Inc. (16.52%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Western Asset Mortgage Opportunity Fund Inc. (19.70%), less than Apollo Senior Floating Rate Fund Inc. (21.16%), less than First Trust/Abrdn Global Opportunity Income Fund (15.57%), less than MFS Investment Grade Municipal Trust (3.44%), less than BlackRock MuniVest Fund II, Inc. (0.06%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than MFS High Income Municipal Trust (6.81%),

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