Pioneer Municipal High Income Advantage Trust (MAV) - Total Assets
Based on the latest financial reports, Pioneer Municipal High Income Advantage Trust (MAV) holds total assets worth $263.57 Million USD as of March 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Pioneer Municipal High Income Advantage Trust - Total Assets Trend (2007–2025)
This chart illustrates how Pioneer Municipal High Income Advantage Trust's total assets have evolved over time, based on quarterly financial data. Also see MAV company net worth for the company's overall valuation and market capitalisation.
Pioneer Municipal High Income Advantage Trust - Asset Composition Analysis
Current Asset Composition (March 2025)
Pioneer Municipal High Income Advantage Trust's total assets of $263.57 Million consist of 2.3% current assets and 97.7% non-current assets. Review Pioneer Municipal High Income Advantage debt and liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.7% |
| Accounts Receivable | $3.40 Million | 1.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2025)
This chart illustrates how Pioneer Municipal High Income Advantage Trust's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See MAV stock price and chart for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Pioneer Municipal High Income Advantage Trust's current assets represent 2.3% of total assets in 2025, an increase from 0.0% in 2007.
- Cash Position: Cash and equivalents constituted 0.7% of total assets in 2025, up from 0.0% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 1.3% of total assets.
Pioneer Municipal High Income Advantage Trust Competitors by Total Assets
Key competitors of Pioneer Municipal High Income Advantage Trust based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senvest Capital Inc.
TO:SEC
|
Canada | CA$6.06 Billion |
|
Nuveen Multi-Asset Income Fund
NYSE:NMAI
|
USA | $691.82 Million |
|
Sprott Physical Silver
TO:PSLV
|
Canada | CA$9.40 Billion |
|
Janus Henderson Group PLC
F:HDJA
|
Germany | €8.29 Billion |
|
Compagnie du Cambodge
PA:CBDG
|
France | €6.94 Billion |
|
Fair Oaks Income Limited
LSE:FAIR
|
UK | $236.01 Million |
|
Central Securities Corporation
NYSE MKT:CET
|
USA | $1.79 Billion |
|
A.F.P. Habitat
SN:HABITAT
|
Chile | CL$772.89 Billion |
Pioneer Municipal High Income Advantage Trust - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 7.74 | 4.94 | 64.03 |
| Quick Ratio | 7.74 | 6.49 | 64.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $5.24 Million | $4.12 Million | $17.36 Million |
Pioneer Municipal High Income Advantage Trust - Advanced Valuation Insights
This section examines the relationship between Pioneer Municipal High Income Advantage Trust's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.91 |
| Latest Market Cap to Assets Ratio | 0.73 |
| Asset Growth Rate (YoY) | -2.8% |
| Total Assets | $263.57 Million |
| Market Capitalization | $193.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values Pioneer Municipal High Income Advantage Trust's assets below their book value (0.73x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Pioneer Municipal High Income Advantage Trust's assets decreased by 2.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Pioneer Municipal High Income Advantage Trust (2007–2025)
The table below shows the annual total assets of Pioneer Municipal High Income Advantage Trust from 2007 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $263.57 Million | -2.79% |
| 2024-03-31 | $271.12 Million | -25.84% |
| 2023-03-31 | $365.59 Million | -16.80% |
| 2022-03-31 | $439.43 Million | -6.83% |
| 2021-03-31 | $471.64 Million | +6.76% |
| 2020-03-31 | $441.79 Million | +0.24% |
| 2019-03-31 | $440.72 Million | +0.82% |
| 2018-03-31 | $437.12 Million | +0.67% |
| 2017-03-31 | $434.20 Million | -5.40% |
| 2016-03-31 | $459.00 Million | +1.83% |
| 2015-03-31 | $450.73 Million | +3.71% |
| 2014-03-31 | $434.59 Million | -9.83% |
| 2013-03-31 | $481.97 Million | +31.71% |
| 2009-03-31 | $365.93 Million | -21.22% |
| 2008-03-31 | $464.47 Million | -9.62% |
| 2007-03-31 | $513.90 Million | -- |
About Pioneer Municipal High Income Advantage Trust
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 Capita… Read more