Pioneer Municipal High Income Advantage Fund, Inc. (MAV)
Company Info
Highlights
$200.16M
$1.68
4.98
$7.11M
$7.11M
$7.55 - $8.83
0.92
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Pioneer Municipal High Income Advantage Fund, Inc. (MAV) returned 1.10% year-to-date (YTD) and 8.87% over the past 12 months. Over the past 10 years, MAV returned 0.04% annually, underperforming the S&P 500 benchmark at 10.77%.
MAV
1.10%
9.41%
-1.43%
8.87%
0.87%
0.04%
^GSPC (Benchmark)
0.08%
9.75%
-1.63%
12.74%
15.66%
10.77%
Monthly Returns
The table below presents the monthly returns of MAV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.58% | 2.26% | -3.54% | -1.87% | 2.82% | 1.10% | |||||||
| 2024 | -0.66% | 2.74% | 0.63% | -3.78% | 2.46% | 3.42% | 4.79% | 2.37% | 1.51% | -2.12% | 3.28% | -4.61% | 9.98% |
| 2023 | 8.70% | -8.64% | 3.71% | -1.29% | -4.21% | 2.72% | 2.15% | -7.88% | -8.46% | -3.92% | 18.15% | 6.18% | 3.86% |
| 2022 | -6.07% | -2.04% | -6.45% | -8.55% | 4.61% | -5.90% | 4.59% | -3.62% | -12.96% | -0.90% | 12.22% | -1.89% | -25.82% |
| 2021 | 1.49% | -1.61% | 2.97% | 2.90% | 0.83% | 1.89% | 5.36% | -8.03% | -1.95% | -0.09% | 3.81% | -3.02% | 3.89% |
| 2020 | 4.06% | -0.29% | -8.26% | -0.81% | 7.11% | -1.65% | 7.37% | -1.30% | -0.78% | 0.23% | 5.63% | 2.12% | 13.06% |
| 2019 | 7.69% | -3.36% | 2.70% | -0.44% | 1.62% | -0.11% | 2.31% | 1.63% | -1.09% | -1.21% | 0.54% | 0.54% | 10.93% |
| 2018 | -4.39% | 0.02% | 0.03% | 0.40% | 3.86% | -0.60% | 0.21% | 3.06% | -4.36% | -1.95% | 0.40% | -1.33% | -4.88% |
| 2017 | -5.53% | -0.20% | -0.01% | 2.62% | 3.21% | 1.83% | -0.17% | 1.24% | -1.06% | -0.79% | 0.29% | 0.28% | 1.45% |
| 2016 | 4.51% | -2.74% | 3.89% | 1.08% | -0.15% | 2.32% | 0.58% | -7.43% | 1.11% | -2.12% | -6.35% | -0.06% | -5.94% |
| 2015 | 3.98% | 0.81% | 0.49% | 0.09% | -11.25% | -7.59% | 0.24% | 5.23% | -0.54% | 5.54% | -1.28% | 1.52% | -4.03% |
| 2014 | 8.24% | 3.31% | 3.93% | 2.85% | 4.12% | 1.98% | -5.42% | 2.89% | 1.38% | 0.94% | 0.44% | -0.72% | 26.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MAV is 71, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pioneer Municipal High Income Advantage Fund, Inc. (MAV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Pioneer Municipal High Income Advantage Fund, Inc. provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.38 | $0.38 | $0.50 | $0.56 | $0.52 | $0.49 | $0.64 | $0.60 | $0.82 | $1.02 | $1.14 |
Dividend yield | 4.65% | 4.49% | 4.68% | 6.17% | 4.87% | 4.48% | 4.54% | 6.24% | 5.26% | 6.90% | 7.64% | 7.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Municipal High Income Advantage Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.56 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.52 |
| 2019 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.64 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2016 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.82 |
| 2015 | $0.10 | $0.10 | $0.10 | $0.10 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $1.02 |
| 2014 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $1.14 |
Dividend Yield & Payout
Dividend Yield
Pioneer Municipal High Income Advantage Fund, Inc. has a dividend yield of 4.65%, which is quite average when compared to the overall market.
Payout Ratio
Pioneer Municipal High Income Advantage Fund, Inc. has a payout ratio of 21.93%, which is below the market average. This means Pioneer Municipal High Income Advantage Fund, Inc. returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Municipal High Income Advantage Fund, Inc.. 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 Municipal High Income Advantage Fund, Inc. was 51.55%, occurring on Dec 16, 2008. Recovery took 316 trading sessions.
The current Pioneer Municipal High Income Advantage Fund, Inc. drawdown is 22.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.55% | May 14, 2007 | 404 | Dec 16, 2008 | 316 | Mar 22, 2010 | 720 |
| -44.64% | Aug 2, 2021 | 562 | Oct 25, 2023 | — | — | — |
| -28.83% | Apr 9, 2015 | 1245 | Mar 18, 2020 | 177 | Nov 27, 2020 | 1422 |
| -20.65% | Feb 20, 2013 | 126 | Aug 19, 2013 | 163 | Apr 11, 2014 | 289 |
| -17.06% | Nov 5, 2010 | 51 | Jan 19, 2011 | 96 | Jun 7, 2011 | 147 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Pioneer Municipal High Income Advantage Fund, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Earnings Per Share
The chart presents the Earnings Per Share (EPS) performance of Pioneer Municipal High Income Advantage Fund, Inc., comparing actual results with analytics estimates.
Valuation
The Valuation section provides an overview of how Pioneer Municipal High Income Advantage Fund, Inc. is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for MAV, comparing it with other companies in the Asset Management industry. Currently, MAV has a P/E ratio of 5.0. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for MAV compared to other companies in the Asset Management industry. MAV currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for MAV relative to other companies in the Asset Management industry. Currently, MAV has a P/S ratio of 11.3. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for MAV in comparison with other companies in the Asset Management industry. Currently, MAV has a P/B value of 0.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
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