Pioneer High Income Municipal Fund (HIMYX)

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Pioneer High Income Municipal Fund (HIMYX) is up 1.5% since the beginning of the year. HIMYX is currently trading at $6 per share. Investors who bought $1,000 worth of HIMYX shares 5 years ago would now be looking at an investment worth $975.

Pioneer High Income Municipal Fund (HIMYX) has returned 1.51% so far this year and 2.78% over the past 12 months. Over the last ten years, HIMYX has returned 2.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 18, 2006, HIMYX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was Sep 2009 with a return of +13.6%, while the worst month was Oct 2008 at -13.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HIMYX closed higher 32% of trading days. The best single day was Apr 10, 2025 with a return of +4.0%, while the worst single day was Oct 28, 2008 at -4.0%.

Pioneer High Income Municipal Fund has an annualized alpha of 2.97%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 18, 2006.

• This fund participated in 19.39% of S&P 500 Index downside but only 18.11% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HIMYX has an expense ratio of 0.55%, placing it in the medium range.

HIMYX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Pioneer High Income Municipal Fund provided a 8.68% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Pioneer High Income Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Pioneer High Income Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Pioneer High Income Municipal Fund was 35.00%, occurring on Dec 30, 2008. Recovery took 654 trading sessions.

The current Pioneer High Income Municipal Fund drawdown is 4.46%.

The chart below shows the rolling one-month volatility.