UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21409
 
Pioneer Municipal High Income Advantage Trust
(Exact name of registrant as specified in charter)
 
60 State Street, Boston, MA 02109
(Address of principal executive offices) (ZIP code)
 
Terrence J. Cullen, Pioneer Investment Management, Inc.,
60 State Street, Boston, MA 02109
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (617) 742-7825
 
Date of fiscal year end:  March 31

Date of reporting period:  June 30, 2018

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.


ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in ss. 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12-14]. The schedules need not be audited.
 

     
     
   
Pioneer Municipal High
   
Income Advantage Trust
     
     
     
     
     
     
     
   
NQ | June 30, 2018
     
     
   
Ticker Symbol:        MAV
 
 

 
 
Principal
     
 
Amount
       
 
USD ($)
     
Value
     
UNAFFILIATED ISSUERS - 157.1%
   
     
CORPORATE BOND - 1.6% of Net Assets
   
     
DIVERSIFIED FINANCIALS - 1.6%
   
     
Specialized Finance - 1.6%
   
 
4,432,000^
 
Texas Pellets, Inc. / German Pellets Texas LLC, 8.0%, 9/30/18 (144A)
$4,432,000
     
Total Diversified Financials
 
$4,432,000
     
TOTAL CORPORATE BOND
   
     
(Cost  $4,432,000)
 
$4,432,000
     
TAX EXEMPT OBLIGATIONS - 155.5% of Net Assets(a)
 
     
Alabama - 1.6%
   
 
2,500,000
 
Alabama Industrial Development Authority, Pine City Fiber Co., 6.45%, 12/1/23
$2,499,800
 
2,500,000
 
Huntsville-Redstone Village Special Care Facilities Financing Authority, Redstone Village Project, 5.5%, 1/1/43
1,968,700
         
$4,468,500
     
Arizona - 2.5%
   
 
4,000,000(b)
 
City of Phoenix, 5.0%, 7/1/27
 
$4,733,280
 
2,000,000
 
City of Phoenix, Industrial Development Authority, 3rd & Indian School Assisted Living Project, 5.4%, 10/1/36
2,058,800
 
27,000
 
County of Pima, Industrial Development Authority, Arizona Charter Schools Project, Series C, 6.75%, 7/1/31
27,167
         
$6,819,247
     
California - 14.2%
   
 
6,990,000
 
California County Tobacco Securitization Agency, Asset-Backed, Gold County Funding Corp., 5.25%, 6/1/46
$6,989,511
 
38,610,000(c)
 
California County Tobacco Securitization Agency, Capital Appreciation, Stanislaus County, Subordinated, Series A, 6/1/46
7,236,286
 
1,845,000
 
California Educational Facilities Authority, Stanford University, 5.25%, 4/1/40
2,441,119
 
1,550,000
 
California Enterprise Development Authority, Sunpower Corp., 8.5%, 4/1/31
1,656,578
 
5,000,000
 
California Pollution Control Financing Authority, 5.0%, 7/1/37 (144A)
5,032,900
 
3,000,000(d)
 
California School Finance Authority, Classical Academies Project, Series A, 7.375%, 10/1/43
3,533,340
 
1,875,000
 
California Statewide Communities Development Authority, Lancer Plaza Project, 5.875%, 11/1/43
2,080,969
 
757,342(e)
 
California Statewide Communities Development Authority, Microgy Holdings Project, 9.0%, 12/1/38
8
 
1,500,000(d)
 
City of Madera, Irrigation Financing Authority, 6.25%, 1/1/31
 
1,604,445
 
1,500,000(d)
 
City of Madera, Irrigation Financing Authority, 6.5%, 1/1/40
 
1,609,965
 
2,695,000(b)
 
Coast Community College District, Election, Series D, 5.0%, 8/1/31
3,226,993
 
1,000,000
 
Golden State Tobacco Securitization Corp., Asset-Backed, Series A-1, 5.125%, 6/1/47
1,000,010
 
65,000(f)
 
Lehman Municipal Trust Receipts, RIB, 10.512%, 11/1/39 (144A) (AGM Insured)
64,982
 
2,425,000(b)
 
State of California, Various Purposes, 5.75%, 4/1/31
 
2,500,757
 
465,000
 
Tobacco Securitization Authority of Southern California, Series A-1, 5.125%, 6/1/46
466,014
         
$39,443,877
     
Colorado - 0.7%
   
 
1,500,000(d)
 
Colorado Educational & Cultural Facilities Authority, Rocky Mountain Classical Academy Project, 8.0%, 9/1/43
$1,928,970
     
Connecticut - 3.8%
   
 
2,035,000
 
Mohegan Tribal Finance Authority, 7.0%, 2/1/45 (144A)
$2,092,367
 
7,200,000(b)
 
State of Connecticut, Series E, 4.0%, 9/1/30
 
7,454,232
 
1,000,000
 
Town of Hamden, Whitney Center Project, Series A, 7.75%, 1/1/43
1,043,520
         
$10,590,119
     
District of Columbia - 4.8%
   
 
3,975,000
 
District of Columbia, Housing Product Trust Fund, Series A, 4.25%, 6/1/37 (NATL Insured)
$3,981,201
 
1,995,000
 
District of Columbia Tobacco Settlement Financing Corp., Asset-Backed, 6.5%, 5/15/33
2,258,859
 
6,825,000
 
District of Columbia Tobacco Settlement Financing Corp., Asset-Backed, 6.75%, 5/15/40
7,078,685
         
$13,318,745
     
Florida - 9.0%
   
 
1,500,000
 
Alachua County Health Facilities Authority, Terraces Bonita Springs Project, Series A, 8.125%, 11/15/41
$1,676,940
 
1,500,000
 
Alachua County Health Facilities Authority, Terraces Bonita Springs Project, Series A, 8.125%, 11/15/46
1,671,960
 
2,500,000(d)
 
County of Miami-Dade, Aviation Revenue, Series B, 5.5%, 10/1/41
2,620,850
 
5,000,000
 
County of Miami-Dade, Water & Sewer System Revenue, Series A, 4.0%, 10/1/44
5,159,850
 
5,000,000
 
Florida's Turnpike Enterprise, Department of Transportation, Series A, 4.0%, 7/1/32
5,283,700
 
1,000,000(d)
 
Hillsborough County Industrial Development Authority, Various Health Facilities, 8.0%, 8/15/32
1,078,480
 
7,035,000(b)
 
State of Florida, Capital Outlay, Series A, 4.0%, 6/1/38
 
7,454,356
         
$24,946,136
     
Georgia - 6.2%
   
 
5,000,000
 
City of Atlanta, Water & Wastewater Revenue, Series A, 5.0%, 11/1/34
$5,848,100
 
900,000
 
DeKalb County Georgia Hospital Authority, DeKalb Medical Center, Inc., Project, 6.0%, 9/1/30
962,100
 
750,000
 
DeKalb County Georgia Hospital Authority, DeKalb Medical Center, Inc., Project, 6.125%, 9/1/40
798,495
 
8,750,000
 
Private Colleges & Universities Authority, Emory University, Series A, 5.0%, 10/1/43
9,696,050
         
$17,304,745
     
Guam - 0.4%
   
 
1,000,000
 
Guam Department of Education, Certificates of Participation, John F. Kennedy High School, Series A, 6.625%, 12/1/30
$1,031,840
 
Principal
     
 
 
Amount
       
 
USD ($)
     
Value
     
Idaho - 0.7%
   
 
2,000,000
 
Power County Industrial Development Corp., FMC Corp. Project, 6.45%, 8/1/32
$2,007,600
     
Illinois - 2.8%
   
 
1,000,000(b)
 
Chicago Board of Education, Series A, 7.0%, 12/1/46 (144A)
$1,196,830
 
417,400(f)
 
Illinois Finance Authority, Clare Oaks Project, Series B, 4.0%, 11/15/52
354,506
 
261,000(c)
 
Illinois Finance Authority, Clare Oaks Project, Series C-1, 11/15/52
8,986
 
52,200(c)
 
Illinois Finance Authority, Clare Oaks Project, Series C-2, 11/15/52
15,277
 
52,200(c)
 
Illinois Finance Authority, Clare Oaks Project, Series C-3, 11/15/52
9,200
 
1,450,000
 
Illinois Finance Authority, Memorial Health System, 5.5%, 4/1/39
1,488,135
 
2,000,000(d)
 
Illinois Finance Authority, Northwestern Memorial Hospital, Series A, 6.0%, 8/15/39
2,098,560
 
280,000(d)
 
Illinois Finance Authority, Swedish Covenant, Series A, 6.0%, 8/15/38
298,278
 
1,000,000
 
Metropolitan Pier & Exposition Authority, McCormick Place, Series B, 5.0%, 6/15/52 (ST APPROP Insured)
1,028,450
 
1,350,000
 
Southwestern Illinois Development Authority, Village of Sauget Project, 5.625%, 11/1/26
1,285,632
         
$7,783,854
     
Indiana - 0.9%
   
 
250,000
 
City of Carmel, Barrington Carmel Project, Series A, 7.0%, 11/15/32
$261,305
 
750,000
 
City of Carmel, Barrington Carmel Project, Series A, 7.125%, 11/15/42
787,485
 
500,000
 
City of Carmel, Barrington Carmel Project, Series A, 7.125%, 11/15/47
524,795
 
1,000,000
 
Indiana Finance Authority, Educational Facilities, 5.125%, 7/1/37
973,370
         
$2,546,955
     
Kansas - 0.4%
   
 
1,000,000(d)
 
Kansas Development Finance Authority, Hayes Medical Center, Inc., Series Q, 5.0%, 5/15/35
$1,029,220
     
Louisiana - 2.9%
   
 
7,000,000
 
Jefferson Parish Hospital Service District No. 2, East Jefferson General Hospital, 6.375%, 7/1/41
$7,280,350
 
750,000
 
Opelousas Louisiana General Hospital Authority, Opelousas General Health System Project, 5.75%, 10/1/23
751,013
         
$8,031,363
     
Maine - 2.0%
   
 
1,500,000
 
Maine Health & Higher Educational Facilities Authority, Maine General Medical Center, 7.5%, 7/1/32
$1,669,620
 
3,500,000
 
Maine Turnpike Authority, Series A, 5.0%, 7/1/42
 
3,805,655
         
$5,475,275
     
Maryland - 3.9%
   
 
2,000,000(d)
 
Maryland Health & Higher Educational Facilities Authority, Charlestown Community, 6.25%, 1/1/45
$2,207,360
 
2,090,000
 
Maryland Health & Higher Educational Facilities Authority, City Neighbors, Series A, 6.75%, 7/1/44
2,269,092
 
1,250,000(d)
 
Maryland Health & Higher Educational Facilities Authority, Doctor's Community Hospital, 5.75%, 7/1/38
1,346,813
 
4,500,000
 
Maryland Health & Higher Educational Facilities Authority, Maryland University Medical System, Series A, 5.0%, 7/1/43
4,854,015
         
$10,677,280
     
Massachusetts - 10.0%
   
 
7,000,000(c)
 
Massachusetts Bay Transportation Authority, Series A, 7/1/28
$5,081,790
 
2,575,000(d)
 
Massachusetts Development Finance Agency, Broad Institute, Inc., Series A, 5.25%, 4/1/37
2,811,050
 
961,679
 
Massachusetts Development Finance Agency, Linden Ponds, Inc., Series A-1, 5.5%, 11/15/46
969,921
 
2,200,000
 
Massachusetts Development Finance Agency, Partner's Healthcare System, Series M-4, 5.0%, 7/1/39
2,408,010
 
8,000,000
 
Massachusetts Development Finance Agency, WGBH Foundation, Series A, 5.75%, 1/1/42 (AMBAC Insured)
10,696,240
 
4,325,000
 
Massachusetts Health & Educational Facilities Authority, Massachusetts Institute of Technology, Series K, 5.5%, 7/1/32
5,687,029
         
$27,654,040
     
Michigan - 3.0%
   
 
2,000,000
 
Flint Michigan Hospital Building Authority, Hurley Medical Center, 7.375%, 7/1/35
$2,150,440
 
560,000
 
Michigan Public Educational Facilities Authority, Crescent Academy, 7.0%, 10/1/36
561,120
 
5,000,000
 
Michigan State University, Series A, 5.0%, 8/15/41
 
5,556,100
         
$8,267,660
     
Minnesota - 2.7%
   
 
2,000,000
 
Bloomington Port Authority, Radisson Blu Mall of America, 9.0%, 12/1/35
$2,230,480
 
1,000,000
 
City of Ham Lake, DaVinci Academy, Series A, 5.0%, 7/1/47
 
1,007,200
 
3,755,000(b)
 
State of Minnesota, Series B, 4.0%, 8/1/27
 
4,173,307
         
$7,410,987
     
Montana - 0.1%
   
 
2,445,000(e)
 
City of Hardin, Tax Allocation, Rocky Mountain Power, Inc., Project, 6.25%, 9/1/31
$317,850
 
1,000,000(e)
 
Two Rivers Authority, Inc., 7.375%, 11/1/27
 
42,000
         
$359,850
     
Nevada - 0.7%
   
 
2,000,000
 
County of Washoe, Fuel Tax, 5.0%, 2/1/43
 
$2,033,800
     
New Hampshire - 0.7%
   
 
2,000,000
 
New Hampshire Health & Education Facilities Authority Act, Catholic Medical Centre, 3.75%, 7/1/40
$1,967,580
     
New Jersey - 9.1%
   
 
7,500,000
 
New Jersey Economic Development Authority, Continental Airlines, 5.75%, 9/15/27
$8,254,950
 
Principal
     
 
Amount
       
 
USD ($)
     
Value
     
New Jersey - (continued)
   
 
3,500,000(f)
 
New Jersey State Turnpike Authority, RIB, 11.064%, 1/1/28 (144A) (AGM Insured)
$5,574,555
 
15,375,000(c)
 
New Jersey Transportation Trust Fund Authority, 12/15/27 (BHAC-CR MBIA Insured)
11,507,111
         
$25,336,616
     
New York - 9.8%
   
 
5,000,000
 
New York State Dormitory Authority, Columbia University, 5.0%, 10/1/41
$5,377,650
 
2,000,000(d)
 
New York State Dormitory Authority, Orange Medical Center, 6.125%, 12/1/29
2,038,980
 
7,500,000
 
New York State Dormitory Authority, Series A, 4.0%, 7/1/37
 
7,963,575
 
7,500,000
 
New York State Dormitory Authority, Series C, 5.0%, 3/15/39
8,367,600
 
1,500,000
 
New York State Dormitory Authority, Trustees of Columbia University, 5.0%, 10/1/45
1,972,035
 
1,333,463
 
Westchester County Healthcare Corp., Series A, 5.0%, 11/1/44
1,424,165
         
$27,144,005
     
North Carolina - 0.7%
   
 
500,000
 
City of Charlotte, Airport Revenue, Series A, 5.0%, 7/1/42
$576,190
 
1,250,000
 
City of Charlotte, Airport Revenue, Series A, 5.0%, 7/1/47
 
1,435,175
         
$2,011,365
     
Ohio - 6.8%
   
 
3,000,000(d)
 
Akron Bath Copley Joint Township Hospital District, Akron General Health System, 5.0%, 1/1/31
$3,288,480
 
2,500,000
 
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 5.875%, 6/1/47
2,510,675
 
9,945,000
 
Buckeye Tobacco Settlement Financing Authority, Asset-Backed, Series A-2, 6.5%, 6/1/47
10,199,691
 
2,500,000(b)(d)
 
State of Ohio, Common Schools, Series B, 5.0%, 6/15/29
 
2,784,475
         
$18,783,321
     
Oregon - 1.2%
   
 
1,000,000
 
Oregon Health & Science University, Series A, 5.0%, 7/1/42
$1,141,400
 
2,000,000
 
Oregon State Facilities Authority, Samaritan Health Services, Series A, 5.25%, 10/1/40
2,105,340
         
$3,246,740
     
Pennsylvania - 8.6%
   
 
1,000,000
 
Chester County Industrial Development Authority, Collegium Charter School, Series A, 5.25%, 10/15/47
$1,021,080
 
1,965,000
 
Pennsylvania Economic Development Financing Authority, US Airways Group, Series B, 8.0%, 5/1/29
2,138,353
 
5,000,000
 
Pennsylvania Economic Development Financing Authority, USG Corp. Project, 6.0%, 6/1/31
5,009,300
 
1,555,000(d)
 
Pennsylvania Turnpike Commission, Series D, 5.3%, 12/1/41
 
1,630,464
 
3,445,000(d)
 
Pennsylvania Turnpike Commission, Series D, 5.3%, 12/1/41
 
3,619,627
 
500,000
 
Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc., Project, Series A, 6.625%, 6/1/50
521,450
 
6,000,000
 
Philadelphia Authority for Industrial Development, Nueva Esperanze, Inc., 8.2%, 12/1/43
6,649,920
 
1,000,000
 
Philadelphia Authority for Industrial Development, Performing Arts Charter School Project, 6.5%, 6/15/33 (144A)
1,048,530
 
2,000,000
 
Philadelphia Authority for Industrial Development, Performing Arts Charter School Project, 6.75%, 6/15/43 (144A)
2,096,380
         
$23,735,104
     
Puerto Rico - 0.9%
   
 
6,500,000(b)(e)
 
Commonwealth of Puerto Rico, Series A, 8.0%, 7/1/35
$2,632,500
     
Rhode Island - 1.9%
   
 
1,355,000(e)
 
Central Falls Detention Facility Corp., 7.25%, 7/15/35
$243,900
 
3,000,000
 
Rhode Island Health & Educational Building Corp., Brown University, Series A, 4.0%, 9/1/37
3,159,900
 
1,500,000(d)
 
Rhode Island Health & Educational Building Corp., Tockwatten Home Issue, 8.375%, 1/1/46
1,735,530
         
$5,139,330
     
South Carolina - 2.1%
   
 
4,400,000(g)
 
Tobacco Settlement Revenue Management Authority, Series B, 6.375%, 5/15/30
$5,822,916
     
South Dakota - 1.5%
   
 
4,000,000
 
South Dakota Health & Educational Facilities Authority, Sanford Health, Series B, 4.0%, 11/1/44
$4,035,480
     
Tennessee - 2.0%
   
 
5,000,000(d)
 
Johnson City Health & Educational Facilities Board, Mountain States Health Alliance, 6.5%, 7/1/38
$5,465,600
     
Texas - 16.9%
   
 
1,000,000
 
Arlington Higher Education Finance Corp., Universal Academy, Series A, 7.0%, 3/1/34
$1,034,220
 
1,500,000
 
Arlington Higher Education Finance Corp., Universal Academy, Series A, 7.125%, 3/1/44
1,545,780
 
2,500,000(d)
 
Central Texas Regional Mobility Authority, Sub Lien, 6.75%, 1/1/41
2,789,475
 
2,500,000(b)
 
County of Harris, Series A, 5.0%, 10/1/26
 
2,927,975
 
5,000,000(b)
 
Goose Creek Consolidated Independent School District, Series C, 4.0%, 2/15/26 (PSF-GTD Insured)
5,398,800
 
5,020,000
 
Grand Parkway Transportation Corp., Series A, 5.5%, 4/1/53
 
5,616,828
 
2,663,453(e)
 
Gulf Coast Industrial Development Authority, Microgy Holdings Project, 7.0%, 12/1/36
27
 
3,000,000
 
Houston Higher Education Finance Corp., St. John's School Project, Series A, 5.0%, 9/1/38
3,258,660
 
3,355,000
 
North Texas Tollway Authority, Series A, 5.0%, 1/1/30
 
3,779,911
 
1,500,000(d)
 
Red River Health Facilities Development Corp., MRC Crestview, Series A, 8.0%, 11/15/41
1,788,855
 
2,000,000(b)
 
Richardson Independent School District, School Building, 5.0%, 2/15/38 (PSF-GTD Insured)
2,203,820
 
6,960,000^(e)
 
Sanger Industrial Development Corp., Texas Pellets Project, Series B, 8.0%, 7/1/38
2,610,000
 
1,000,000(e)
 
Tarrant County Cultural Education Facilities Finance Corp., Mirador Project, Series A, 4.875%, 11/15/48
694,340
 
750,000
 
Tarrant County Cultural Education Facilities Finance Corp., Mirador Project, Series A, 5.0%, 11/15/55
520,402
 
1,000,000(e)
 
Texas Midwest Public Facility Corp., Secure Treatment Facility Project, 9.0%, 10/1/30
230,000
 
Principal
     
 
Amount
       
 
USD ($)
     
Value
     
Texas - (continued)
   
 
3,365,000
 
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC, 7.0%, 12/31/38
$3,988,063
 
2,500,000(d)
 
Travis County Health Facilities Development Corp., Longhorn Village Project, 7.125%, 1/1/46
2,818,725
 
5,000,000(b)
 
Tyler Independent School District, School Building, 5.0%, 2/15/38 (PSF-GTD Insured)
5,509,550
         
$46,715,431
     
Utah - 2.3%
   
 
5,000,000
 
County of Utah, IHC Health Services, Inc., Series B, 4.0%, 5/15/47
$5,136,750
 
1,000,000
 
Salt Lake City Corp., Airport Revenue, Series B, 5.0%, 7/1/36
1,153,230
         
$6,289,980
     
Virginia - 9.2%
   
 
2,275,000(b)
 
County of Arlington, 4.0%, 8/15/35
 
$2,434,591
 
2,000,000(d)
 
County of Washington, Industrial Development Authority, Mountain States Health Alliance, Series C, 7.75%, 7/1/38
2,061,540
 
4,550,000
 
Tobacco Settlement Financing Corp., Series B-1, 5.0%, 6/1/47
4,549,864
 
5,000,000
 
University of Virginia, Multi Year Capital Project, Series A, 4.0%, 8/1/48
5,245,350
 
5,000,000
 
University of Virginia, Series A, 5.0%, 4/1/42
 
5,797,300
 
5,000,000
 
Virginia Public School Authority Revenue, 4.0%, 8/1/25 (State Aid Withholding)
5,461,700
         
$25,550,345
     
Washington - 4.2%
   
 
3,000,000
 
City of Seattle, Water System Revenue, 4.0%, 8/1/32
$3,218,310
 
2,500,000(b)
 
King County, Issaquah School District No. 411, 4.0%, 12/1/31 (SCH BD GTY Insured)
2,673,025
 
2,500,000
 
University of Washington, Series B, 5.0%, 6/1/29
 
2,890,950
 
1,500,000(d)
 
Washington State Health Care Facilities Authority, Kadlec Regional Medical Center, 5.5%, 12/1/39
1,628,865
 
1,100,000
 
Washington State Housing Finance Commission, Mirabella Project, Series A, 6.75%, 10/1/47 (144A)
1,196,327
         
$11,607,477
     
West Virginia - 0.4%
   
 
2,000,000(e)
 
City of Philippi, Alderson-Broaddus College, Inc., Series A, 7.75%, 10/1/44
$1,196,000
     
Wisconsin - 3.9%
   
 
5,000,000
 
Public Finance Authority, Glenridge Palmer Ranch, Series A, 8.25%, 6/1/46
$5,749,600
 
750,000
 
Public Finance Authority, Roseman University Health Sciences Project, 5.875%, 4/1/45
807,547
 
1,000,000
 
Public Finance Authority, SearStone CCRC Project, Series A, 5.3%, 6/1/47
989,730
 
1,490,000(d)
 
Public Finance Authority, SearStone CCRC Project, Series A, 8.625%, 6/1/47
1,828,856
 
1,500,000(d)
 
Wisconsin Health & Educational Facilities Authority, Pro Healthcare, Inc., Group, 6.625%, 2/15/39
1,546,605
         
$10,922,338
     
TOTAL TAX EXEMPT OBLIGATIONS
   
     
(Cost  $414,597,743)
 
$430,732,191
     
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 157.1%
 
     
(Cost $419,029,743)
 
$435,164,191
     
OTHER ASSETS AND LIABILITIES - 0.7%
 
$1,882,422
     
VARIABLE RATE MUNIFUND TERM PREFERRED
 
     
SHARES AT REDEMPTION VALUE - (57.8)%
 
$(159,990,074)
     
NET ASSETS APPLICABLE
 
     
TO COMMON SHAREOWNERS - 100.0%
 
$277,056,539
 
(144A)
Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At June 30, 2018, the value of these securities amounted to $22,734,871, or 8.2% of net assets applicable to common shareowners.
RIB
Residual Interest Bond is purchased in a secondary market.  The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the rate at June 30, 2018.
 
^
Security is valued using fair value methods (other than supplied by independent pricing services).
(a)
Consists of Revenue Bonds unless otherwise indicated.
(b)
Represents a General Obligation Bond.
(c)
Security issued with a zero coupon. Income is recognized through accretion of discount.
(d)
Prerefunded bonds have been collateralized by U.S. Treasury or U.S. Government Agency securities which are held in escrow to pay interest and principal on the tax exempt issue and to retire the bonds in full at the earliest refunding date.
(e)
Security is in default.
(f)
The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at June 30, 2018.
(g)
Escrow to maturity.
 
Various inputs are used in determining the value of the Trust's investments. These inputs are summarized in the three broad levels below.
 
Level 1 - quoted prices in active markets for identical securities.
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
Level 3 - significant unobservable inputs (including the Trust's own assumptions in determining fair value of investments).
 
The following is a summary of the inputs used as of June 30, 2018, in valuing the Trust's investments.
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Corporate Bond
 
$
   
$
4,432,000
   
$
   
$
4,432,000
 
Tax Exempt Obligations
                               
Texas
   
     
44,105,431
     
2,610,000
     
46,715,431
 
All Other Tax Exempt Obligations
   
     
384,016,760
     
     
384,016,760
 
Total Investments in Securities
 
$
   
$
432,554,191
   
$
2,610,000
   
$
435,164,191
 
 
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):

Tax Exempt
Obligations
 
Balance as of 3/31/18
 
$
2,610,000
 
Realized gain (loss)
   
 
Change in unrealized appreciation (depreciation)
   
776
 
Accrued discounts/premiums
   
(776
)
Purchases
   
 
Sales
   
 
Transfers in to Level 3*
   
 
Transfers out of Level 3*
   
 
Balance as of 6/30/18
 
$
2,610,000
 
 
*
Transfers are calculated on the beginning of period value. During three months ended June 30, 2018 there were no transfers between Levels 1, 2 and 3.
 
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at June 30, 2018: $776.


ITEM 2. CONTROLS AND PROCEDURES.

(a) Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).

The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b) Disclose any change in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

There were no significant changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:  

CERTIFICATIONS
 
I, [identify the certifying individual], certify that:

1. I have reviewed this report on Form N-Q of [identify registrant];
 
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:
[Signature] [Title]
 
Filed herewith.

SIGNATURES

[See General Instruction F]

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) Pioneer Municipal High Income Advantage Trust

By (Signature and Title)* /s/ Lisa M.Jones
          Lisa M.Jones, President and Chief Executive Officer
 
Date August 28, 2018
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)* /s/ Lisa M. Jones
          Lisa M.Jones, President and Chief Executive Officer
 
Date August 28, 2018


By (Signature and Title)* /s/ Mark E. Bradley
                                    Mark E. Bradley, Treasurer and Chief Accounting and Financial Officer
 
Date August 28, 2018

* Print the name and title of each signing officer under his or her signature.