Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
28 März 2014 - 4:55PM
Edgar (US Regulatory)
OMB APPROVAL
OMB Number: 3235-0578
Expires: January 31, 2016
Estimated average burden
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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 811-21321
Pioneer Pioneer Municipal High Income 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: April 30
Date of reporting period: January 31, 2014
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.
<PAGE>
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 Trust
NQ
|
January 31, 2014
Ticker Symbol: MHI
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
TAX EXEMPT OBLIGATIONS
-
131.5%
of Net Assets
|
|
|
|
|
|
Alabama - 1.3%
|
|
|
|
4,500,000
|
NR/NR
|
Huntsville-Redstone Village Special Care Facilities Financing Authority Nursing Home Revenue, 5.5%, 1/1/43
|
$ 3,715,065
|
|
|
|
|
|
|
|
|
|
|
Arizona - 0.0%
†
|
|
|
|
24,000
|
NR/Baa3
|
Pima County Industrial Development Authority Education Revenue, 6.75%, 7/1/31
|
$ 24,003
|
|
|
|
|
|
|
|
|
|
|
California - 10.6%
|
|
|
|
3,000,000(a)
|
NR/A1
|
Abag Finance Authority for Nonprofit Corp., Revenue, 5.75%, 7/1/37
|
$ 3,293,880
|
|
|
1,450,000
|
NR/NR
|
California Enterprise Development Authority Recovery Zone Facility Revenue, 8.5%, 4/1/31
|
1,569,872
|
|
|
5,000,000
|
NR/Baa3
|
California Pollution Control Financing Authority, 5.0%, 7/1/37
|
4,812,900
|
|
|
1,740,000
|
BB+/NR
|
California School Finance Authority, 7.375%, 10/1/43
|
1,803,040
|
|
|
1,400,000
|
NR/NR
|
California Statewide Communities Development Authority, 5.625%, 11/1/33
|
1,277,710
|
|
|
568,006(b)(c)
|
NR/NR
|
California Statewide Communities Development Authority Environmental Facilities Revenue, 9.0%, 12/1/38
|
4,930
|
|
|
4,000,000
|
B+/NR
|
California Statewide Communities Development Authority Revenue Higher Education Revenue, 7.25%, 10/1/38 (144A)
|
2,984,000
|
|
|
15,000,000(d)
|
NR/NR
|
Inland Empire Tobacco Securitization Authority Revenue, 0.0%, 6/1/36
|
2,430,750
|
|
|
7,885,000(e)
|
AA-/WR
|
Lehman Municipal Trust Receipts Revenue, RIB, 0.0%, 9/20/28 (144A)
|
9,315,812
|
|
|
2,000,000
|
B-/Caa1
|
Tobacco Securitization Authority of Northern California Revenue, 5.375%, 6/1/38
|
1,509,600
|
|
|
3,000,000
|
BB+/B3
|
Tobacco Securitization Authority of Southern California Revenue, 5.0%, 6/1/37
|
2,265,030
|
|
|
|
|
|
$ 31,267,524
|
|
|
|
|
Colorado - 1.5%
|
|
|
|
1,500,000
|
B+/NR
|
Colorado Educational & Cultural Facilities Authority, 8.0%, 9/1/43
|
$ 1,486,410
|
|
|
2,000,000
|
BBB+/NR
|
Colorado Health Facilities Authority Revenue, 5.25%, 5/15/42
|
2,008,820
|
|
|
1,000,000
|
NR/NR
|
Kremmling Memorial Hospital District Certificate of Participation, 7.125%, 12/1/45
|
905,810
|
|
|
|
|
|
$ 4,401,040
|
|
|
|
|
Connecticut - 6.2%
|
|
|
|
1,000,000
|
NR/NR
|
Hamden Connecticut Facility Revenue, 7.75%, 1/1/43
|
$ 1,018,340
|
|
|
10,335,000(e)
|
AAA/WR
|
Lehman Municipal Trust Receipts Revenue, 0.0%, 8/21/35
|
12,136,700
|
|
|
5,000,000
|
B/NR
|
Mohegan Tribe of Indians Gaming Authority, 6.25%, 1/1/31
|
4,999,600
|
|
|
|
|
|
$ 18,154,640
|
|
|
|
|
District of Colombia - 3.8%
|
|
|
|
5,000,000
|
BBB/Baa1
|
District of Columbia Tobacco Settlement Financing Corp., 6.5%, 5/15/33
|
$ 5,268,150
|
|
|
6,000,000
|
BBB/Baa1
|
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40
|
5,969,520
|
|
|
|
|
|
$ 11,237,670
|
|
|
|
|
Florida - 5.4%
|
|
|
|
1,500,000
|
NR/NR
|
Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/41
|
$ 1,642,110
|
|
|
1,500,000
|
NR/NR
|
Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/46
|
1,638,090
|
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
Florida - (continued)
|
|
|
|
500,000
|
NR/B1
|
Capital Trust Agency Revenue Bonds, 7.75%, 1/1/41
|
$ 533,760
|
|
|
1,000,000(a)
|
NR/WR
|
Hillsborough County Industrial Development Authority Revenue, 8.0%, 8/15/32
|
1,349,820
|
|
|
2,260,000(b)
|
NR/NR
|
Liberty County Subordinate Revenue, 8.25%, 7/1/28
|
1,690,186
|
|
|
2,500,000
|
A/A2
|
Miami-Dade County Florida Aviation Revenue, 5.5%, 10/1/41
|
2,633,875
|
|
|
1,000,000(b)(c)
|
NR/NR
|
St. Johns County Industrial Development Authority Revenue, 5.25%, 1/1/26
|
434,900
|
|
|
2,000,000(b)(c)
|
NR/NR
|
St. Johns County Industrial Development Authority Revenue, 5.375%, 1/1/40
|
869,800
|
|
|
5,000,000
|
NR/Baa1
|
Tallahassee Health Facilities Revenue, 6.375%, 12/1/30
|
5,021,250
|
|
|
|
|
|
$ 15,813,791
|
|
|
|
|
Georgia - 4.5%
|
|
|
|
4,240,000(e)
|
AA-/WR
|
Atlanta Georgia Water and Wastewater Revenue, RIB, 12.827%, 11/1/43 (144A)
|
$ 4,280,577
|
|
|
2,500,000
|
B+/NR
|
Clayton County Development Authority Revenue, 8.75%, 6/1/29
|
2,951,250
|
|
|
3,500,000
|
B+/NR
|
Clayton County Development Authority Revenue, 9.0%, 6/1/35
|
3,703,595
|
|
|
3,000,000
|
NR/NR
|
Fulton County Residential Care Facilities Revenue, 5.125%, 7/1/42
|
2,427,960
|
|
|
|
|
|
$ 13,363,382
|
|
|
|
|
Idaho - 1.7%
|
|
|
|
5,000,000
|
A-/Baa1
|
Power County Industrial Development Corp., Revenue, 6.45%, 8/1/32
|
$ 5,005,050
|
|
|
|
|
|
|
|
|
|
|
Illinois - 15.6%
|
|
|
|
1,827,000(d)
|
NR/NR
|
Illinois Finance Authority Revenue, 0.0%, 11/15/52
|
$ 186,949
|
|
|
2,087,000(e)
|
NR/NR
|
Illinois Finance Authority Revenue, 4.0%, 11/15/52
|
1,055,521
|
|
|
3,865,000
|
BBB+/NR
|
Illinois Finance Authority Revenue, 6.0%, 8/15/38
|
4,045,805
|
|
|
2,000,000
|
AA+/Aa2
|
Illinois Finance Authority Revenue, 6.0%, 8/15/39
|
2,253,800
|
|
|
1,895,000
|
NR/NR
|
Illinois Finance Authority Revenue, 6.375%, 5/15/17
|
1,896,744
|
|
|
2,500,000
|
NR/Baa3
|
Illinois Finance Authority Revenue, 6.5%, 4/1/39
|
2,553,025
|
|
|
240,000
|
NR/NR
|
Illinois Finance Authority Revenue, 7.0%, 11/15/17
|
232,200
|
|
|
500,000
|
NR/NR
|
Illinois Finance Authority Revenue, 7.0%, 5/15/18
|
500,580
|
|
|
820,000
|
NR/NR
|
Illinois Finance Authority Revenue, 7.0%, 11/15/27
|
741,501
|
|
|
1,700,000
|
NR/NR
|
Illinois Finance Authority Revenue, 7.625%, 5/15/25
|
1,788,927
|
|
|
600,000
|
NR/NR
|
Illinois Finance Authority Revenue, 7.75%, 5/15/30
|
624,492
|
|
|
2,000,000
|
NR/NR
|
Illinois Finance Authority Revenue, 8.0%, 5/15/40
|
2,079,440
|
|
|
3,200,000
|
NR/NR
|
Illinois Finance Authority Revenue, 8.0%, 5/15/46
|
3,318,816
|
|
|
2,000,000
|
NR/NR
|
Illinois Finance Authority Revenue, 8.125%, 2/15/40
|
1,994,520
|
|
|
4,000,000
|
NR/NR
|
Illinois Finance Authority Revenue, 8.25%, 5/15/45
|
3,338,560
|
|
|
2,500,000
|
NR/NR
|
Illinois Finance Authority Revenue, 8.25%, 2/15/46
|
2,503,725
|
|
|
16,880,000
|
AAA/Baa1
|
Metropolitan Pier & Exposition Authority Dedicated State Tax Revenue, 0.0%, 6/15/22
|
15,723,382
|
|
|
1,350,000
|
NR/NR
|
Southwestern Illinois Development Authority Revenue, 5.625%, 11/1/26
|
1,057,536
|
|
|
|
|
|
$ 45,895,523
|
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
Indiana - 1.6%
|
|
|
|
250,000
|
NR/NR
|
City of Carmel Indiana Nursing Home Revenue, 7.0%, 11/15/32
|
$ 249,963
|
|
|
750,000
|
NR/NR
|
City of Carmel Indiana Nursing Home Revenue, 7.125%, 11/15/42
|
745,800
|
|
|
500,000
|
NR/NR
|
City of Carmel Indiana Nursing Home Revenue, 7.125%, 11/15/47
|
493,945
|
|
|
3,570,000
|
NR/NR
|
Vigo County Hospital Authority Revenue, 5.8%, 9/1/47 (144A)
|
3,292,825
|
|
|
|
|
|
$ 4,782,533
|
|
|
|
|
Kentucky - 1.8%
|
|
|
|
5,000,000
|
NR/Baa2
|
Kentucky Economic Development Finance Authority Revenue, 6.375%, 6/1/40
|
$ 5,300,950
|
|
|
|
|
|
|
|
|
|
|
Louisiana - 3.1%
|
|
|
|
2,260,000
|
BB+/Baa3
|
Jefferson Parish Hospital Service District No. 2, 6.375%, 7/1/41
|
$ 2,370,559
|
|
|
1,500,000
|
BBB/Baa3
|
Louisiana Local Government Environmental Facilities & Community Development Authority Revenue, 6.75%, 11/1/32
|
1,600,215
|
|
|
5,000,000
|
NR/Baa1
|
Louisiana Public Facilities Authority Revenue, 5.5%, 5/15/47
|
5,055,900
|
|
|
|
|
|
$ 9,026,674
|
|
|
|
|
Maine - 1.8%
|
|
|
|
1,500,000
|
NR/Ba1
|
Maine Health & Higher Educational Facilities Authority Revenue, 7.5%, 7/1/32
|
$ 1,662,315
|
|
|
3,500,000
|
AA-/Aa3
|
Maine Turnpike Authority Revenue, 5.0%, 7/1/42
|
3,711,960
|
|
|
|
|
|
$ 5,374,275
|
|
|
|
|
Maryland - 0.8%
|
|
|
|
2,500,000
|
NR/NR
|
Maryland Health & Higher Educational Facilities Authority Revenue, 6.75%, 7/1/44
|
$ 2,514,500
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 5.4%
|
|
|
|
2,195,000
|
NR/NR
|
Massachusetts Development Finance Agency Revenue, 7.1%, 7/1/32
|
$ 2,193,705
|
|
|
7,100,000
|
A/WR
|
Massachusetts Development Finance Agency Revenue, RIB, 5.75%, 1/1/42
|
8,112,176
|
|
|
680,000
|
AA/NR
|
Massachusetts Educational Financing Authority Revenue, 6.0%, 1/1/28
|
728,198
|
|
|
4,500,000(b)(c)
|
NR/NR
|
Massachusetts Health & Educational Facilities Authority Revenue, 6.5%, 1/15/38
|
11,745
|
|
|
5,000,000
|
B+/NR
|
Massachusetts Health & Educational Facilities Authority Revenue, 6.75%, 10/1/33
|
5,002,600
|
|
|
|
|
|
$ 16,048,424
|
|
|
|
|
Michigan - 3.4%
|
|
|
|
895,000
|
NR/NR
|
Doctor Charles Drew Academy Certificate of Participation, 5.7%, 11/1/36
|
$ 650,736
|
|
|
2,000,000
|
BB+/NR
|
Kent Hospital Finance Authority Revenue, 6.25%, 7/1/40
|
2,045,220
|
|
|
2,640,000
|
AA/Aa1
|
Michigan State University Revenue, 5.0%, 8/15/41
|
2,793,912
|
|
|
5,830,000
|
B-/NR
|
Michigan Tobacco Settlement Finance Authority Revenue, 6.0%, 6/1/48
|
4,492,132
|
|
|
|
|
|
$ 9,982,000
|
|
|
|
|
Minnesota - 1.3%
|
|
|
|
3,500,000
|
NR/NR
|
Port Authority of the City of Bloomington, Minnesota Recovery Zone Facility Revenue, 9.0%, 12/1/35
|
$ 3,834,950
|
|
|
|
|
|
|
|
|
|
|
Montana - 0.0%
†
|
|
|
|
1,600,000(b)(c)
|
NR/NR
|
Two Rivers Authority Inc., Project Revenue, 7.375%, 11/1/27
|
$ 127,664
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 6.1%
|
|
|
|
6,500,000
|
NR/NR
|
New Jersey Economic Development Authority Revenue, 10.5%, 6/1/32 (144A)
|
$ 6,408,350
|
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
New Jersey - (continued)
|
|
|
|
3,000,000
|
B/B2
|
New Jersey Economic Development Authority Revenue, 5.25%, 9/15/29
|
$ 2,887,500
|
|
|
2,500,000
|
B/B2
|
New Jersey Economic Development Authority Revenue, 5.75%, 9/15/27
|
2,439,925
|
|
|
6,150,000(e)
|
B/B2
|
New Jersey Economic Development Authority Revenue, 7.0%, 11/15/30
|
6,150,000
|
|
|
|
|
|
$ 17,885,775
|
|
|
|
|
New Mexico - 1.2%
|
|
|
|
1,500,000
|
NR/NR
|
Otero County New Mexico Project Revenue, 6.0%, 4/1/23
|
$ 1,240,485
|
|
|
2,960,000
|
NR/NR
|
Otero County New Mexico Project Revenue, 6.0%, 4/1/28
|
2,249,600
|
|
|
|
|
|
$ 3,490,085
|
|
|
|
|
New York - 8.1%
|
|
|
|
2,000,000
|
NR/NR
|
Chautauqua County Capital Resource Corp., Revenue, 8.0%, 11/15/30
|
$ 2,048,540
|
|
|
3,000,000
|
NR/NR
|
Dutchess County Industrial Development Agency Revenue, 7.5%, 3/1/29
|
2,361,540
|
|
|
2,000,000
|
BBB+/NR
|
Hempstead Local Development Corp., Revenue, 5.75%, 7/1/39
|
2,086,680
|
|
|
2,000,000
|
BB/B2
|
New York City Industrial Development Agency Revenue, 5.25%, 12/1/32
|
1,851,060
|
|
|
2,000,000
|
BB/B2
|
New York City Industrial Development Agency Revenue, 7.625%, 12/1/32
|
2,009,660
|
|
|
7,040,000(e)
|
AAA/WR
|
New York State Dormitory Authority Revenue, 0.0%, 5/29/14 (144A)
|
9,425,997
|
|
|
1,000,000
|
NR/Ba1
|
New York State Dormitory Authority Revenue, 6.125%, 12/1/29
|
1,000,100
|
|
|
3,000,000
|
NR/NR
|
Suffolk County Industrial Development Agency Revenue, 7.25%, 1/1/30
|
2,999,610
|
|
|
|
|
|
$ 23,783,187
|
|
|
|
|
North Carolina - 3.9%
|
|
|
|
4,795,000
|
NR/NR
|
Charlotte North Carolina Special Facilities Revenue, 7.75%, 2/1/28
|
$ 4,799,412
|
|
|
6,685,000
|
NR/NR
|
Charlotte Special Facilities Revenue, 5.6%, 7/1/27
|
6,591,744
|
|
|
|
|
|
$ 11,391,156
|
|
|
|
|
North Dakota - 0.9%
|
|
|
|
2,525,000
|
BBB+/NR
|
County of Burleigh ND, 5.0%, 7/1/38
|
$ 2,566,511
|
|
|
|
|
|
|
|
|
|
|
Oregon - 1.9%
|
|
|
|
5,190,000
|
A+/A1
|
Oregon Health & Science University Revenue, 5.0%, 7/1/32
|
$ 5,538,508
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania - 6.7%
|
|
|
|
1,550,000
|
NR/Baa2
|
Allegheny County Hospital Development Authority Revenue, 5.125%, 5/1/25
|
$ 1,550,310
|
|
|
1,280,000(b)
|
NR/WR
|
Langhorne Manor Borough Higher Education Authority Revenue, 7.35%, 7/1/22
|
383,872
|
|
|
5,000,000
|
CCC+/Caa2
|
Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue, 6.0%, 6/1/31
|
4,999,600
|
|
|
1,000,000
|
BB-/NR
|
Philadelphia Authority for Industrial Development Revenue, 6.5%, 6/15/33 (144A)
|
999,900
|
|
|
3,000,000
|
BB-/NR
|
Philadelphia Authority for Industrial Development Revenue, 6.75%, 6/15/43 (144A)
|
2,993,970
|
|
|
4,000,000
|
NR/NR
|
Philadelphia Authority for Industrial Development Revenue, 8.2%, 12/1/43
|
4,060,040
|
|
|
5,900,000
|
BB+/Ba2
|
Philadelphia Hospitals & Higher Education Facilities Authority Revenue, 5.0%, 7/1/34
|
4,803,780
|
|
|
|
|
|
$ 19,791,472
|
|
|
|
|
Rhode Island - 2.1%
|
|
|
|
5,900,000(c)
|
NR/NR
|
Central Falls Rhode Island Detention Facility Corp., Revenue, 7.25%, 7/15/35
|
$ 4,443,113
|
|
|
1,500,000
|
NR/NR
|
Rhode Island Health & Educational Building Corp., Revenue, 8.375%, 1/1/46
|
1,658,070
|
|
|
|
|
|
$ 6,101,183
|
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
Tennessee - 1.6%
|
|
|
|
4,600,000
|
BBB+/NR
|
Sullivan County Health, Educational & Housing Facilities Board Revenue, 5.25%, 9/1/36
|
$ 4,601,978
|
|
|
|
|
|
|
|
|
|
|
Texas - 18.0%
|
|
|
|
2,500,000
|
BB+/Baa3
|
Central Texas Regional Mobility Authority Revenue, 6.75%, 1/1/41
|
$ 2,649,625
|
|
|
4,000,000
|
NR/NR
|
Decatur Hospital Authority Medical Revenue, 7.0%, 9/1/25
|
4,089,800
|
|
|
725,078(b)(c)
|
NR/NR
|
Gulf Coast Industrial Development Authority Revenue, 7.0%, 12/1/36
|
6,518
|
|
|
3,750,000
|
B/B2
|
Houston Airport System Special Facilities Revenue, 5.7%, 7/15/29
|
3,655,988
|
|
|
3,000,000(c)(f)
|
NR/NR
|
Jefferson County Industrial Development Corp., Revenue, 8.25%, 7/1/32
|
2,955,000
|
|
|
5,340,000
|
NR/NR
|
Lubbock Health Facilities Development Corp., Nursing Home Revenue, 6.625%, 7/1/36
|
5,413,478
|
|
|
10,000,000
|
BBB+/A3
|
North Texas Tollway Authority Transportation Revenue, 5.75%, 1/1/33
|
10,654,400
|
|
|
2,810,000(e)
|
AAA/Aaa
|
Northside Independent School District, General Obligation, 0.0%, 9/29/12 (144A)
|
2,926,587
|
|
|
1,500,000
|
NR/NR
|
Red River Health Facilities Development Corp., Revenue, 8.0%, 11/15/41
|
1,606,290
|
|
|
4,000,000
|
NR/NR
|
Sanger Industrial Development Corp., Revenue, 8.0%, 7/1/38
|
4,020,680
|
|
|
7,040,000(e)
|
AAA/Aaa
|
State of Texas, General Obligation, 0.0%, 4/1/30
|
7,904,794
|
|
|
2,000,000
|
NR/NR
|
Tarrant County Cultural Education Facilities Finance Corp., Revenue, 8.0%, 11/15/34
|
2,143,040
|
|
|
1,000,000
|
NR/NR
|
Tarrant County Cultural Education Facilities Finance Corp., Revenue, 8.125%, 11/15/39
|
1,046,350
|
|
|
1,500,000
|
NR/NR
|
Tarrant County Cultural Education Facilities Finance Corp., Revenue, 8.25%, 11/15/44
|
1,571,790
|
|
|
2,500,000
|
NR/NR
|
Travis County Health Facilities Development Corp., Revenue, 7.125%, 1/1/46
|
2,489,625
|
|
|
|
|
|
$ 53,133,965
|
|
|
|
|
Virginia - 0.3%
|
|
|
|
1,000,000
|
BBB-/Ba1
|
Peninsula Ports Authority Revenue, 6.0%, 4/1/33
|
$ 1,001,940
|
|
|
|
|
|
|
|
|
|
|
Washington - 7.1%
|
|
|
|
14,315,000(d)
|
AA+/Aa1
|
State of Washington, General Obligation, 0.0%, 6/1/22
|
$ 11,294,821
|
|
|
3,795,000
|
A/A2
|
Washington State Health Care Facilities Authority Revenue, 6.0%, 1/1/33
|
4,026,495
|
|
|
1,150,000
|
NR/NR
|
Washington State Housing Finance Commission Revenue, 6.75%, 10/1/47
|
1,038,761
|
|
|
5,000,000
|
NR/NR
|
Washington State Housing Finance Committee Nonprofit Revenue, 5.625%, 1/1/27
|
4,592,550
|
|
|
|
|
|
$ 20,952,627
|
|
|
|
|
West Virginia - 0.9%
|
|
|
|
2,000,000
|
NR/NR
|
City of Philippi WV, 7.75%, 10/1/44
|
$ 1,903,520
|
|
|
740,000
|
NR/NR
|
West Virginia Hospital Finance Authority Hospital Revenue, 9.125%, 10/1/41
|
890,375
|
|
|
|
|
|
$ 2,793,895
|
|
|
|
|
Wisconsin - 2.9%
|
|
|
|
5,000,000
|
NR/NR
|
Wisconsin Public Finance Authority Continuing Care Retirement Community Revenue, 8.25%, 6/1/46
|
$ 5,540,800
|
|
|
1,500,000
|
NR/NR
|
Wisconsin State Public Finance Authority Revenue, 8.375%, 6/1/20
|
1,500,915
|
|
|
|
|
|
|
|
|
Principal
Amount
USD ($)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
|
Wisconsin - (continued)
|
|
|
|
1,500,000
|
NR/NR
|
Wisconsin State Public Finance Authority Revenue, 8.625%, 6/1/47
|
$ 1,558,725
|
|
|
|
|
|
$ 8,600,440
|
|
|
|
|
TOTAL TAX EXEMPT OBLIGATIONS
|
|
|
|
|
|
(Cost $374,428,277)
|
$ 387,502,380
|
|
|
|
|
MUNICIPAL COLLATERALIZED DEBT OBLIGATION
-
0.7%
of Net Assets
|
|
|
|
10,000,000(c)(e)
|
NR/NR
|
Non-Profit Preferred Funding Trust I, 0.0%, 9/15/37 (144A)
|
$ 2,085,600
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL COLLATERALIZED DEBT OBLIGATION
|
|
|
|
|
|
(Cost $10,000,000)
|
$ 2,085,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS IN SECURITIES - 132.2%
|
|
|
|
|
|
(Cost - $384,428,277) (g) (h)
|
$ 389,587,980
|
|
|
|
|
OTHER ASSETS AND LIABILITIES -2.1%
|
$ 6,135,000
|
|
|
|
|
PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING DIVIDENDS PAYABLE - (34.3)%
|
$ (101,000,648)
|
|
|
|
|
NET ASSETS APPLICABLE TO
COMMON SHAREOWNERS -100.0%
|
$ 294,722,332
|
|
† Amount rounds to less than 0.1%.
NR
|
|
Security not rated by S&P or Moody's.
|
WR
|
|
Rating withdrawn by either S&P or Moody's.
|
(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 January 31, 2014, the value of these securities amounted to $44,713,618, or 15.2% of total net assets applicable to common shareowners.
|
RIB
|
|
Residual Interest Bond. The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the rate at January 31, 2014
|
|
(a)
|
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.
|
(b)
|
Security is in default and is non income producing.
|
(c)
|
Indicates a security that has been deemed as illiquid. As of January 31, 2014 the aggregate cost of illiquid securities in the Trust's portfolio was $25,279,489. As of that date, the aggregate value of illiquid securities in the Trust's portfolio of $10,939,270 represented 3.7% of total net assets applicable to common shareowners.
|
(d)
|
Security issued with a zero coupon. Income is recognized through accretion of discount.
|
(e)
|
The interest rate is subject to change periodically. The interest is shown is the rate at January 31, 2014.
|
(f)
|
Security is valued using fair value methods (other than prices supplied by independent pricing services).
|
(g)
|
The concentration of investments by type of obligation/ market sector is as follows :
|
|
|
Insured
|
|
NATL-RE
|
4.0
|
%
|
|
FSA
|
3.5
|
|
|
NATL-RE FGIC
|
2.9
|
|
|
AMBAC GO OF INSTN
|
2.1
|
|
|
PSF-GTD
|
0.8
|
|
|
Revenue Bonds:
|
|
Health Revenue
|
18.3
|
|
|
Development Revenue
|
16.7
|
|
|
Facilities Revenue
|
14.0
|
|
|
Other Revenue
|
13.2
|
|
|
Education Revenue
|
7.8
|
|
|
Tobacco Revenue
|
5.6
|
|
|
Airport Revenue
|
4.9
|
|
|
Transportation Revenue
|
3.7
|
|
|
Pollution Control Revenue
|
1.3
|
|
|
Water Revenue
|
1.2
|
|
|
Utilities Revenue
|
0.0*
|
|
|
|
|
%
|
|
* Amount is less than 0.1%
(h) At January 31, 2014, the net unrealized appreciation on investments based on cost for federal tax purposes of $384,283,349 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost
|
|
|
$
|
30,256,252
|
|
|
|
|
|
Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value
|
|
|
|
(24,951,621
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
|
$
|
5,304,631
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For financial reporting purposes net unrealized appreciation on investments was $5,159,703 and cost of investments aggregated $384,428,277.
|
|
|
|
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)
|
|
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans are categorized as Level 2, and securities valued using fair value methods (other than prices supplied by independent pricing services) as level 3.
|
|
The following is a summary of the inputs used as of January 31, 2014, in valuing the Trust's investments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax Exempt Obligations
|
|
$
|
–
|
|
|
$
|
384,547,380
|
|
|
$
|
2,955,000
|
|
|
$
|
387,502,380
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Collateralized Debt Obligation
|
|
|
–
|
|
|
|
2,085,600
|
|
|
|
–
|
|
|
|
2,085,600
|
|
Total Investments in Securities
|
|
$
|
–
|
|
|
$
|
386,632,980
|
|
|
$
|
2,955,000
|
|
|
$
|
389,587,980
|
|
|
The following is a reconciliation of assets valued using significant unobservable inputs (level 3):
|
|
|
|
Balance
as of
4/30/13
|
|
|
Realized
gain
(loss)
|
|
|
Change in
Unrealized appreciation
(depreciation)
|
|
|
Purchases
|
|
|
Sales
|
|
|
Accrued
discounts/ premiums
|
|
|
Transfers
in to
Level 3*
|
|
|
Transfers
out of
Level 3*
|
|
|
Balance
as of
1/31/14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax Exempt Obligations
|
|
$
|
-
|
**
|
|
$
|
10,319
|
|
|
$
|
(126,047
|
)
|
|
$
|
–
|
|
|
$
|
(10,319
|
)
|
|
$
|
3,197
|
|
|
$
|
3,077,850
|
|
|
$
|
–
|
|
|
$
|
2,955,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
-
|
**
|
|
$
|
10,319
|
|
|
$
|
(126,047
|
)
|
|
$
|
–
|
|
|
$
|
(10,319
|
)
|
|
$
|
3,197
|
|
|
$
|
3,077,850
|
|
|
$
|
–
|
|
|
$
|
2,955,000
|
|
|
|
|
|
* Transfers are calculated on the beginning of period value
** Includes security that is fair valued at $0.
|
|
Net change in unrealized appreciation of Level 3 investments still held and considered
Level 3 at 01/31/14: ($126,047)
|
|
|
|
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 registrants 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 registrants 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 registrants internal control
over financial reporting that occurred during the registrants most recent
fiscal quarter that has materially affected, or is reasonably likely to
materially affect, the registrants internal control over financial reporting;
and
5. The registrants other certifying officer(s) and I have disclosed to the
registrants auditors and the audit committee of the registrants 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 registrants 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 registrants internal control over financial
reporting.
Date: [Signature] [Title]
Filed herewith.
<PAGE>
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 Pioneer Municipal High Income Trust
By (Signature and Title)* /s/ Daniel K. Kingsbury
-----------------------
Daniel K. Kingsbury, President
Date April 1, 2014
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/ Daniel K. Kingsbury
-----------------------
Daniel K. Kingsbury, President
Date April 1, 2014
By (Signature and Title)* /s/ Mark Bradley
-----------------
Mark Bradley, Treasurer
Date April 1, 2014
* Print the name and title of each signing officer under his or her signature.
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