Pioneer Municipal High Income:MHI

    Overview

    As of 4/18/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$11.84$12.57-5.81%
    52 Wk Avg$11.33$12.44-8.91%
    52 Wk High$12.05$12.69-4.59%
    52 Wk Low$10.67$12.10-13.39%
    Regular Distribution TypeIncome Only
    Distribution Rate5.32%
    Distribution Amount$0.0525
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income exempt from regular Federal income tax with capital appreciation through investment in investment grade US municipal securities

    Capital Structure

    As of 4/18/2019

    Total Net Assets:$387.098M
    Total Common Assets:$262.099M
    Common Shares Outstanding:22,771,349
    Leverage

    As of 10/31/2018

    Preferred Share Assets: $125.000M
    Type of Preferred: Fund preferred share
    Total Debt (USD):
    Structural Leverage (USD): $125.000M
    Structural Leverage (%): 31.08%
    Effective Leverage (USD): $125.000M
    Effective Leverage (%): 31.08%
    Annual Expense Ratios

    As of 4/30/2018

      Per Common Share
    Management Fees0.82%
    Other Expenses:0.19%
    Baseline Expense: 1.01%
    Interest Expense:0.00%
    Total: 1.01%
    Fund Management

    Fund Sponsor
    Pioneer Investment Management Inc

    Portfolio Managers
    David Eurkus (17 Jul 2003)

    Basics
    Category: Tax-Free Income-High Yield
    Ticker: MHI
    NAV Ticker: XMHIX
    Average Daily Volume (shares): 81,000
    Average Daily Volume (USD): $0.918M
    Inception Date: 7/17/2003
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: April 30
    Third Party Links & Reports

    Distributions

    As of 4/18/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2018
    $0.0479
    Annualized Distribution Rate on NAV:
    As of 4/18/2019
    5.01%
    Total Return on NAV (12 months):
    As of 4/18/2019
    5.28%
    Avg. UNII Per Share:
    As of 4/30/2018
    $0.1547
    Total % Portfolio Effectively Leveraged:
    As of 4/18/2019
    31.08%
    Taxable Equivalent Yield

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 4/18/2019

    PeriodAvg Discount
    6 Month-8.90%
    1 Year-8.91%
    3 Year-6.23%
    5 Year-2.11%
    Z-Score

    As of 4/19/2019

    PeriodZStat
    3 Month1.00
    6 Month1.40
    1 Year1.80
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/18/2019
    Category: Municipal High Yield Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.01%3.51%13.63%4.45%
    2018-2.22%0.93%-6.72%0.97%
    20174.94%7.09%9.42%9.66%
    2016-3.56%-0.28%-0.84%0.64%
    2015-0.42%6.13%5.12%5.90%
    201412.57%15.35%17.73%19.19%
    2013-6.49%-6.34%-9.80%-5.51%
    201214.98%17.76%16.86%21.01%
    201120.54%11.92%19.86%14.73%
    20104.96%5.67%2.95%5.54%
    200979.00%42.54%72.51%52.14%
    2008-33.36%-27.57%-37.74%-35.89%
    2007-3.58%-1.49%-9.35%-2.82%
    200617.72%12.12%  
    20050.86%4.15%  
    20043.90%10.03%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 4/18/2019
    Category: Municipal High Yield Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 9/30/2010
    11.69%
    Number of Holdings:
    As of 1/31/2019
    144
    Annual Portfolio Turnover:
    As of 4/30/2018
    19.00%
    Asset Allocation

    As of 4/30/2018 reported by Fund Sponsor

    Top Sectors

    As of 7/31/2017 reported by Fund Sponsor

    Sector%Portfolio
    Health 16.30%
    Education 14.90%
    Special Revenues 14.10%
    Escrowed 12.10%
    Insured 10.80%
    State Allocation

    As of 4/30/2018 reported by Fund Sponsor

    State% Portfolio
    Texas8.87%
    Massachusetts7.31%
    Illinois7.19%
    Washington6.92%
    California5.11%
    DC4.81%
    Pennsylvania4.40%
    Florida4.35%
    New York4.19%
    Ohio3.89%
    Top Holdings

    As of 12/31/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    Metropolitan Pier & Exposition Rev 5.65% 15 Jun 2022$15.06M3.95%
    Washington St Go Bds 01 Jun 2022$13.31M3.49%
    Massachusetts St Dev Fin Agy R Rev 5.75% 5.75 01 Jan 2042$9.59M2.52%
    NEW YORK ST DORM AUTH 4% 4.00 01 Jul 2041$8.45M2.22%
    New York St Dorm Auth 5% 5.00 15 Mar 2039$8.43M2.21%
    Minnesota St For Previous Issu Go St 4% 4.00 01 Aug 2027$6.81M1.79%
    Tobacco Securitization Auth 5% 5.00 01 Jun 2037$6.78M1.78%
    Massachusetts St Dev Fin Agy R Rev Bd 5% 5.00 15 Jul 2040$6.51M1.71%
    District Columbia Tob Settleme Ass 6.75% 15 May 2040$6.25M1.64%
    Michigan Tob Settlement Fin Au Tobacc 6% 6.00 01 Jun 2048$6.06M1.59%
    Buckeye Ohio Tob Settlement Fi Toba 6.5% 6.50 01 Jun 2047$6.02M1.58%
    Country Allocation

    As of 7/31/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    TAXABLE EQUIVALENT YIELD
    1 Taxable equivalent yield is the yield or distribution rate needed from a taxable investment to be economically equal to receiving the stated tax-free yield from a municipal bond investment. Please note that the income levels shown in the calculator do not reflect (i) any federal or state limitations on the amounts of allowable itemized deductions, phaseouts of personal or dependent exemption credits or other allowable credits, (ii) any local taxes imposed, or (iii) any alternative minimum taxes or any taxes other than personal income taxes. The user is responsible for selecting the applicable federal and, as applicable, state tax rates. The stated federal tax rates for joint incomes over $250,000 include the 3.8% medicare tax imposed on the net investment income of certain taxpayers with higher incomes. This calculator is for illustrative purposes only and is not intended to represent actual performance, or to predict future performance, of any Nuveen Investments product. Certain taxpayers may find their effective marginal tax rates to be greater than those shown in the calculator. In that case, the taxable equivalent yield may be even higher.

    The Tax Cuts and Jobs Act of 2017 doubles the standard deduction and implements a limit for itemizing state and local income taxes, state and local property taxes, and sales taxes on 2018 tax filings. Since it is expected that fewer investors will deduct state income taxes for federal filing purposes, this calculator does not contemplate a federal benefit for state taxes paid, and the effective tax rate therefore represents the applicable federal income tax rate plus the applicable state income tax rate. If you itemize your deductions and have not exceeded your cap on deducting state taxes, your taxable equivalent yield will generally be lower than the rate calculated above.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    485923-INV-AN-5/19