Edgar Filing: PIONEER MUNICIPAL HIGH INCOME ADVANTAGE TRUST

mhiatsoi.htm

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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 811-21409


                  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)


            Dorothy E. Bourassa, 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, 2012

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.

Pioneer Municipal High

Income Advantage Trust

| June 30, 2012

Ticker Symbols: MAV

Principal Amount USD ($)	S&P/Moody's Rating		Value

		TAX EXEMPT OBLIGATIONS - 142.6% of Net Assets
		Alabama - 1.6%
2,500,000	B-/B2	Alabama Industrial Development Authority Solid Waste Disposal Revenue, 6.45%, 12/1/23	$ 2,431,100
2,500,000	NR/NR	Huntsville-Redstone Village Special Care Facilities Financing Authority, 5.5%, 1/1/43	2,386,425
			$ 4,817,525
		Arizona - 3.3%
5,000,000	NR/NR	Casa Grande Industrial Development Authority Hospital Revenue, 7.625%, 12/1/29	$ 5,153,000
1,492,000	NR/Baa3	Pima County Industrial Development Authority, 6.75%, 7/1/31	1,495,834
2,640,000	NR/NR	Pima County Industrial Development Authority, 7.0%, 1/1/38	2,701,486
1,000,000	NR/NR	San Luis Facility Development Corp., 7.25%, 5/1/27	944,880
			$ 10,295,200
		California - 18.6%
11,990,000	CCC/NR	California County Tobacco Securitization Agency Revenue, 5.25%, 6/1/46	$ 8,599,108
1,000,000	NR/NR	California Enterprise Development Authority Recovery Zone Facility Revenue, 8.5%, 4/1/31	1,146,170
2,425,000	A-/A1	California State Various Purpose, 5.75%, 4/1/31	2,802,645
3,000,000(a)	BB/NR	California Statewide Communities Development Authority, 7.25%, 10/1/38 (144A)	3,180,780
757,342(b)	NR/NR	California Statewide Communities Development Authority, 9.0%, 12/1/38	7,081
2,680,000(c)	AA+/Aaa	Golden State Tobacco Securitization Corp., 6.75%, 6/1/39	2,839,835
2,500,000	NR/Ba1	Hesperia Public Financing Authority, 5.5%, 9/1/27	2,333,925
8,575,000(a)	AA-/NR	Lehman Municipal Trust Receipts, 12.866%, 7/28/31	9,667,370
3,140,000(a)(d)	AA-/WR	Lehman Municipal Trust Receipts, 12.959%, 9/20/28 (144A)	3,800,185
1,500,000	A-/NR	Madera Irrigation Financing Authority Water Revenue, 6.25%, 1/1/31	1,645,620
1,500,000	A-/NR	Madera Irrigation Financing Authority Water Revenue, 6.5%, 1/1/40	1,663,110
2,500,000	A-/A2	San Jose California Airport Revenue, 5.0%, 3/1/37	2,589,275
7,000,000	B-/Caa1	Tobacco Securitization Authority of Northern California Revenue, 5.375%, 6/1/38	5,448,100
10,500,000(a)(d)	AA-/NR	University of California, RIB, 13.177%, 5/15/32	11,685,240
			$ 57,408,444
		Colorado - 0.4%
1,000,000	NR/NR	Kremmling Memorial Hospital District, 7.125%, 12/1/45	$ 1,095,590

		Connecticut - 2.9%
7,750,000	BBB/Baa1	Connecticut State Development Authority Revenue, 5.75%, 11/1/37	$ 7,773,405
1,000,000	NR/NR	Hamden Connecticut Facility Revenue, 7.75%, 1/1/43	1,081,320
			$ 8,854,725
		District of Colombia - 3.2%
2,700,000	BBB/Baa1	District of Columbia Tobacco Settlement Financing Corp., 6.5%, 5/15/33	$ 2,976,588

Principal Amount USD ($)	S&P/Moody's Rating		Value

		District of Colombia - (continued)
6,825,000	BBB/Baa1	District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40	6,954,743
			$ 9,931,331
		Florida - 5.0%
1,500,000	NR/NR	Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/41	$ 1,664,535
1,500,000	NR/NR	Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/46	1,664,535
1,000,000	NR/Ba3	Capital Trust Agency Revenue Bonds, 7.75%, 1/1/41	1,094,350
1,000,000	NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 6.0%, 9/15/40	1,043,320
2,000,000	NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 7.625%, 6/15/41	2,231,060
1,000,000	NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 7.75%, 6/15/42	1,102,050
1,980,000	NR/NR	Hillsborough County Industrial Development Authority, 6.75%, 7/1/29	1,980,911
1,000,000(c)	NR/WR	Hillsborough County Industrial Development Authority Revenue, 8.0%, 8/15/32	1,431,060
495,000	NR/NR	Miami Beach Health Facilities Authority, 5.375%, 11/15/28	495,574
2,500,000	A-/A2	Miami-Dade County Florida Aviation Revenue, 5.5%, 10/1/41	2,799,100
			$ 15,506,495
		Georgia - 4.3%
5,210,000(a)(d)	AA-/WR	Atlanta Georgia Water and Wastewater Revenue, RIB, 12.959%, 1/30/13 (144A)	$ 5,769,606
1,000,000	CCC+/NR	Clayton County Development Authority Special Facilities Revenue, 9.0%, 6/1/35	1,084,950
900,000	NR/NR	DeKalb County Georgia Hospital Authority Revenue, 6.0%, 9/1/30	997,884
750,000	NR/NR	DeKalb County Georgia Hospital Authority Revenue, 6.125%, 9/1/40	827,663
3,360,000	NR/NR	Fulton County Residential Care Facilities for the Elderly Authority, 7.0%, 7/1/29	2,979,614
1,650,000	NR/NR	Savannah Georgia Economic Development Authority Revenue, 7.4%, 1/1/34	1,687,604
			$ 13,347,321
		Guam - 1.9%
1,000,000	B/NR	Guam Government of Department Education Certificates of Participation, 6.625%, 12/1/30	$ 1,075,110
4,400,000(c)	AA+/B2	Northern Mariana Islands, 6.75%, 10/1/33	4,756,532
			$ 5,831,642
		Idaho - 1.1%
2,000,000	BBB+/Baa1	Power County Industrial Development Corp., 6.45%, 8/1/32	$ 2,002,980
1,500,000	BBB+/Baa1	Power County Pollution Control Revenue, 5.625%, 10/1/14	1,501,035
			$ 3,504,015
		Illinois - 6.7%
1,000,000	NR/Baa2	City of Country Club Hills, 5.0%, 12/1/31	$ 1,025,350
1,450,000	A+/A1	Illinois Finance Authority Revenue, 5.5%, 4/1/39	1,551,848

Principal Amount USD ($)	S&P/Moody's Rating		Value

		Illinois - (continued)
1,605,000	AA-/Aa3	Illinois Finance Authority Revenue, 6.0%, 8/15/25	1,702,231
1,000,000(b)	NR/NR	Illinois Finance Authority Revenue, 6.0%, 11/15/27	240,010
280,000	BBB+/NR	Illinois Finance Authority Revenue, 6.0%, 8/15/38	311,623
2,000,000	AA+/Aa2	Illinois Finance Authority Revenue, 6.0%, 8/15/39	2,311,540
2,500,000	NR/NR	Illinois Finance Authority Revenue, 6.125%, 11/15/25	2,581,925
6,000,000	NR/NR	Illinois Finance Authority Revenue, 8.25%, 5/15/45	6,395,220
2,500,000	NR/NR	Illinois Finance Authority Revenue, 8.25%, 2/15/46	2,653,175
2,270,000	NR/NR	Southwestern Illinois Development Authority Revenue, 5.625%, 11/1/26	1,895,495
			$ 20,668,417
		Indiana - 0.4%
250,000	NR/Baa3	East Chicago Indiana Exempt Facilities Revenue, 7.0%, 1/1/14	$ 250,908
1,805,000	NR/NR	Vincennes Industrial Economic Development Revenue, 6.25%, 1/1/24	1,089,606
			$ 1,340,514
		Kansas - 0.4%
1,000,000	NR/A2	Kansas Development Finance Authority, 5.0%, 5/15/35	$ 1,075,120

		Kentucky - 1.4%
4,390,000	BB/NR	Kentucky Economic Development Finance Authority Hospital System Revenue, 5.875%, 10/1/22	$ 4,391,537

		Louisiana - 5.9%
5,000,000	BBB-/Baa2	Jefferson Parish Hospital Service Revenue, 6.375%, 7/1/41	$ 5,593,600
2,500,000	BBB-/Baa3	Louisiana Local Government Environmental Developmental Authority Facilities Revenue, 6.75%, 11/1/32	2,790,500
6,000,000	NR/Baa1	Louisiana Public Facilities Authority Revenue, 5.5%, 5/15/47	6,179,580
750,000	BBB-/NR	Opelousas Louisiana General Hospital Authority Revenue, 5.75%, 10/1/23	772,462
2,915,000	A-/A3	Tobacco Settlement Financing Corp., 5.875%, 5/15/39	2,976,536
			$ 18,312,678
		Maine - 0.6%
1,500,000	NR/Baa3	Maine Health & Higher Educational Facilities Authority Revenue, 7.5%, 7/1/32	$ 1,826,445

		Maryland - 1.7%
460,000	NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 5.25%, 1/1/27	$ 433,688
1,250,000	NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 5.3%, 1/1/37	1,113,212
1,250,000	NR/Baa3	Maryland Health & Higher Educational Facilities Authority Revenue, 5.75%, 7/1/38	1,328,163
2,000,000	NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 6.25%, 1/1/45	2,257,140
			$ 5,132,203
		Massachusetts - 9.5%
675,000	BB/NR	Massachusetts Development Finance Agency, 5.25%, 10/1/18	$ 675,088

Principal Amount USD ($)	S&P/Moody's Rating		Value

		Massachusetts - (continued)
8,000,000	A/WR	Massachusetts Development Finance Agency, 5.75%, 1/1/42	9,913,280
1,885,000	NR/NR	Massachusetts Development Finance Agency, 7.1%, 7/1/32	1,752,428
2,195,000	BBB-/Baa3	Massachusetts Health & Educational Facilities Authority Revenue, 5.375%, 7/15/28	2,195,373
2,000,000	AAA/Aaa	Massachusetts Health & Educational Facilities Authority Revenue, 5.5%, 7/1/32	2,766,500
1,000,000	NR/Caa1	Massachusetts Health & Educational Facilities Authority Revenue, 6.0%, 10/1/23	996,660
3,420,000(b)	NR/NR	Massachusetts Health & Educational Facilities Authority Revenue, 6.5%, 1/15/38	17,032
10,760,000	AA-/Aa3	Massachusetts Housing Finance Agency, 5.35%, 12/1/45	10,818,857
			$ 29,135,218
		Michigan - 1.7%
2,000,000	NR/Ba1	Flint Michigan Hospital Building Authority Revenue, 7.375%, 7/1/35	$ 2,279,080
2,235,000	BB+/NR	Kent Hospital Finance Authority Revenue, Metropolitan Hospital Project Series A, 6.25%, 7/1/40	2,297,021
725,000(a)	NR/NR	Michigan Public Educational Facilities Authority Revenue, 7.0%, 10/1/36	736,230
			$ 5,312,331
		Minnesota - 0.4%
1,000,000	NR/NR	Port Authority of the City of Bloomington, Minnesota Recovery Zone Facility Revenue, 9.0%, 12/1/35	$ 1,178,600

		Missouri - 1.1%
1,000,000	NR/NR	Kansas City Tax Increment Financing Commission Tax Increment Revenue, 6.5%, 6/1/25	$ 1,034,790
1,500,000(b)	NR/Ca	St. Louis Industrial Development Authority Revenue, 7.2%, 12/15/28	450,000
6,640,000(b)	NR/Ca	St. Louis Industrial Development Authority Revenue, 7.25%, 12/15/35	1,992,000
			$ 3,476,790
		Montana - 0.7%
2,445,000	NR/NR	Hardin Increment Industrial Infrastructure Development Revenue, 0.0%, 9/1/31	$ 1,943,115
1,000,000(b)	NR/NR	Two Rivers Authority, Inc., Project Revenue, 7.375%, 11/1/27	148,200
			$ 2,091,315
		Nevada - 1.5%
1,600,000(b)	NR/NR	Director of the State of Nevada Department of Business & Industry, 7.25%, 1/1/23	$ 16
1,000,000(b)	NR/NR	Director of the State of Nevada Department of Business & Industry, 7.375%, 1/1/30	10
1,320,000(b)	NR/NR	Director of the State of Nevada Department of Business & Industry, 7.375%, 1/1/40	13
4,500,000	A-/A3	Reno Nevada Hospital Revenue, 5.25%, 6/1/41	4,685,670
			$ 4,685,709
		New Hampshire - 0.4%
1,125,000	NR/NR	New Hampshire Health & Education Facilities Authority Revenue, 5.875%, 7/1/34	$ 1,160,055

Principal Amount USD ($)	S&P/Moody's Rating		Value

		New Jersey - 13.8%
2,500,000	NR/NR	Burlington County New Jersey Bridge Commission Revenue, 5.625%, 1/1/38	$ 2,547,900
1,500,000(a)	NR/NR	New Jersey Economic Development Authority Revenue, 10.5%, 6/1/32 (144A)	1,650,345
13,000,000	B/B3	New Jersey Economic Development Authority Revenue, 6.25%, 9/15/29	13,052,000
3,500,000(a)(d)	AA-/WR	New Jersey State Turnpike Authority, RIB, 13.555%, 7/1/23 (144A)	5,804,820
15,375,000(g)	AA+/Aa1	New Jersey Transportation Trust Fund Authority, 0.0%, 12/15/27	8,000,535
2,000,000	B-/B1	Tobacco Settlement Financing Corp., 4.625%, 6/1/26	1,770,520
1,000,000(c)	AA+/Aaa	Tobacco Settlement Financing Corp., 6.25%, 6/1/43	1,055,230
3,250,000(c)	AA+/Aaa	Tobacco Settlement Financing Corp., 6.75%, 6/1/39	3,444,480
5,000,000(c)	AA+/Aaa	Tobacco Settlement Financing Corp., 7.0%, 6/1/41	5,312,950
			$ 42,638,780
		New York - 9.9%
1,730,000	NR/NR	Dutchess County Industrial Development Agency, 7.5%, 3/1/29	$ 1,776,450
3,000,000	NR/NR	Nassau County New York Industrial Development Agency Revenue, 6.7%, 1/1/43	1,898,220
7,000,000	BB-/B2	New York City Industrial Development Agency, 5.25%, 12/1/32	6,683,320
3,950,000	BB-/B2	New York City Industrial Development Agency, 7.625%, 12/1/32	4,075,136
3,000,000	NR/C	New York City Industrial Development Agency, 8.0%, 8/1/12	2,999,880
5,000,000	AAA/Aaa	New York State Dormitory Authority Revenue, 5.0%, 10/1/41	5,723,350
2,000,000	NR/Ba1	New York State Dormitory Authority Revenue, 6.125%, 12/1/29	2,178,280
5,000,000	AAA/Aaa	New York State Environmental Facilities Corp., 5.0%, 6/15/33	5,197,350
			$ 30,531,986
		North Carolina - 1.6%
5,010,000	NR/NR	Charlotte Special Facilities Refunding Revenue, 7.75%, 2/1/28	$ 5,017,916

		Ohio - 1.8%
1,500,000	NR/NR	Adams County Hospital Facilities Revenue, 6.5%, 9/1/36	$ 1,191,465
5,000,000	B-/B3	Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47	4,198,150
			$ 5,389,615
		Oklahoma - 1.7%
2,220,000(b)	NR/WR	Tulsa Municipal Airport Trust Revenue, 6.25%, 6/1/20	$ 2,242,200
3,000,000(b)	NR/WR	Tulsa Municipal Airport Trust Revenue, 7.75%, 6/1/35	3,120,000
			$ 5,362,200
		Oregon - 0.7%
2,000,000	A-/NR	Oregon State Facilities Authority Revenue, 5.25%, 10/1/40	$ 2,158,120

		Pennsylvania - 5.2%
3,600,000	CCC/NR	Columbia County Hospital Authority Revenue, 5.85%, 6/1/24	$ 3,601,044
2,000,000	BBB-/Ba1	Pennsylvania Economic Development Financing Authority Revenue, 4.625%, 12/1/18	2,014,080
1,000,000	BB/NR	Pennsylvania Economic Development Financing Authority Revenue, 5.125%, 6/1/18	1,000,010

	Principal Amount USD ($)	S&P/Moody's Rating		Value

			Pennsylvania - (continued)
	5,000,000	B-/Caa2	Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue, 6.0%, 6/1/31	4,845,950
	5,000,000	BBB-/Ba1	Philadelphia Hospitals & Higher Education Facilities Authority Revenue, 5.0%, 7/1/34	4,671,100
				$ 16,132,184
			Rhode Island - 3.7%
	1,385,000	NR/NR	Central Falls Rhode Island Detention Facilities Revenue, 7.25%, 7/15/35	$ 1,173,303
	1,500,000	NR/NR	Rhode Island Health & Educational Building Corp Revenue, 8.375%, 1/1/46	1,727,070
	8,285,000	BB/Ba1	Tobacco Settlement Financing Corp., 6.25%, 6/1/42	8,428,413
				$ 11,328,786
			South Carolina - 4.8%
–	8,000,000(c)	BBB+/Baa1	South Carolina Jobs Economic Development Authority Revenue, 6.375%, 8/1/34	$ 8,520,490
	4,400,000(e)	BBB/WR	Tobacco Settlement Revenue Management, 6.375%, 5/15/30	6,244,964
				$ 14,765,454
			Tennessee - 3.2%
	5,000,000	BBB+/Baa1	Johnson City Health & Educational Facilities Board Hospital Revenue, 6.5%, 7/1/38	$ 5,786,050
	1,000,000(c)	NR/A2	Johnson City Health & Educational Facilities Board Hospital Revenue, 7.5%, 7/1/33	1,030,310
	3,000,000	BBB+/NR	Sullivan County Health, Educational & Housing Facilities Board Hospital Revenue, 5.25%, 9/1/36	3,099,510
				$ 9,915,870
			Texas - 13.4%
	2,400,000	BB+/Ba1	Central Texas Regional Mobility Authority Revenue, 6.75%, 1/1/41	$ 2,689,872
	2,663,453(b)	NR/NR	Gulf Coast Industrial Development Authority, 7.0%, 12/1/36	25,383
	10,000,000	B-/B3	Houston Texas Airport System Special Facilities Revenue, 6.75%, 7/1/29	10,041,000
	595,000	NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.0%, 5/1/16	575,627
	1,000,000	NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.0%, 5/1/21	894,680
	1,350,000	NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.125%, 5/1/26	1,167,656
	2,240,000	AA-/Aa3	Lower Colorado River Authority, 5.0%, 5/15/31	2,242,598
	845,000	NR/NR	Lubbock Health Facilities Development Corp., 6.5%, 7/1/26	870,747
	2,000,000	NR/NR	Lubbock Health Facilities Development Corp., 6.625%, 7/1/36	2,042,120
	9,750,000	BBB+/A3	North Texas Tollway Authority Revenue, 5.75%, 1/1/33	10,615,800
	1,711,000	NR/Aaa	Panhandle Regional Housing Finance Corp. Multifamily Housing Revenue, 6.6%, 7/20/31	1,799,031
	1,500,000	NR/NR	Red River Health Facilities Development Corp., Revenue, 8.0%, 11/15/41	1,639,455
	1,000,000	A/Baa2	Richardson Hospital Authority Revenue, 6.0%, 12/1/34	1,027,490

Principal Amount USD ($)	S&P/Moody's Rating		Value

		Texas - (continued)
1,000,000	NR/NR	Tarrant County Cultural Education Facilities Finance Corp., 8.125%, 11/15/39	1,088,440
1,500,000	NR/NR	Tarrant County Cultural Education Facilities Finance Corp., 8.25%, 11/15/44	1,639,815
1,000,000(b)	D/NR	Texas Midwest Public Facility Corp., 9.0%, 10/1/30	400,000
2,500,000	NR/NR	Travis County Health Facilities Development Corp. Revenue, 7.125%, 1/1/46	2,566,900
			$ 41,326,614
		Virginia - 0.8%
2,000,000	BBB+/Baa1	Washington County Industrial Development Authority Revenue, 7.75%, 7/1/38	$ 2,456,740

		Washington - 3.8%
1,125,000	BBB/A3	Tobacco Settlement Authority Revenue, 6.5%, 6/1/26	$ 1,172,812
1,500,000	NR/Baa2	Washington State Health Care Facilities Authority, 5.5%, 12/1/39	1,562,490
2,000,000	BBB/Baa2	Washington State Health Care Facilities Authority, 6.125%, 8/15/37	2,146,280
2,000,000	BBB/Baa2	Washington State Health Care Facilities Authority, 6.25%, 8/15/42	2,145,320
5,000,000	NR/NR	Washington State Housing Finance Committee Nonprofit Revenue, 5.625%, 1/1/27	4,768,850
			$ 11,795,752
		West Virginia - 0.3%
750,000	NR/NR	West Virginia Hospital Finance Authority Hospital Revenue Bonds, 9.125%, 10/1/41	$ 906,473

		Wisconsin - 3.2%
2,900,000	NR/NR	Aztalan Township , 0.0%,	$ –
2,500,000	NR/NR	Wisconsin Public Finance Authority Continuing Care Retirement Community Revenue, 8.25%, 6/1/46	2,907,900
1,000,000	NR/NR	Wisconsin State Health & Educational Facilities Authority, 6.125%, 4/1/24	1,019,350
1,000,000	NR/NR	Wisconsin State Health & Educational Facilities Authority, 6.25%, 4/1/34	1,012,700
1,500,000	A+/A1	Wisconsin State Health & Educational Facilities Authority, 6.625%, 2/15/39	1,727,175
1,500,000	NR/NR	Wisconsin State Public Finance Authority Revenue, 8.375%, 6/1/20	1,503,885
1,500,000	NR/NR	Wisconsin State Public Finance Authority Revenue, 8.625%, 6/1/47	1,520,235
			$ 9,691,245
		TOTAL TAX EXEMPT OBLIGATIONS
		(Cost $403,022,041)	$ 439,796,955

		MUNICIPAL COLLATERALIZED DEBT OBLIGATION - 2.7% of Net Assets
13,000,000(a)	NR/NR	Non-Profit Preferred Funding Trust I, 6.75%, 9/15/37 (144A)	$ 8,240,050

		TOTAL MUNICIPAL COLLATERALIZED DEBT OBLIGATION
		(Cost $13,000,000)	$ 8,240,050

Principal Amount USD ($)	S&P/Moody's Rating		Value

		TAX EXEMPT MONEY MARKET MUTUAL FUND - 1.2% of Net Assets
3,700,000		BlackRock Liquidity Funds MuniFund Portfolio	$ 3,700,000

		TOTAL TAX EXEMPT MONEY MARKET MUTUAL FUND
		(Cost $3,700,000)	$ 3,700,000

		TOTAL INVESTMENTS IN SECURITIES - 146.5%
		(Cost - $419,722,041) (h)	$ 451,737,005
		OTHER ASSETS AND LIABILITIES -2.2%	$ 6,684,503
		PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING DIVIDENDS PAYABLE - (48.6)%	$ (150,007,654)
		NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS -100.0%	$ 308,413,854

NR		Security not rated by S&P or Moody's.
WR		Rating Withdrawn.
(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, 2012, the value of these securities amounted to $28,445,786, or 9.2% of total net assets applicable to common shareowners.

(a)	Indicates a security that has been deemed as illiquid. The aggregate cost of illiquid securities is $48,654,077. The aggregate fair value of $50,534,626 represents 16.4% of total net assets applicable to common shareholders.
(b)	Security is in default and is non income producing.
(c)	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.
(d)	Residual Interest Bonds. The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the rate June 30, 2012.
(e)	Escrow to maturity.
(f)	Security is fair valued. (Service Note 1 A)

(g) Security issued with zero coupon. Income is recognized through accretion of discount.

(h)	The concentration of investments by type of obligation/ market sector is as follows (unaudited):

	Insured
	FSA	8.2	%
	AMBAC	3.2
	BHAC-CR MBIA	1.8
	GO OF INSTN	0.6
	AGM	0.5
	XLCA	0.5
	GNMA COLL	0.4
	ASSURED GTY	0.4
	NATL-RE	0.2
	Revenue Bonds:
	Health Revenue	32.3
	Tobacco Revenue	13.7
	Airport Revenue	7.8
	Other Revenue	7.7
	Development Revenue	6.4
	Pollution Control Revenue	3.8
	Education Revenue	3.6
	Housing Revenue	2.4
	Transportation Revenue	2.4
	Facilities Revenue	2.2
	Water Revenue	1.9
	Utilities Revenue*	0.0
		100.0	%

* Amount rounds to less than 0.1%

(h)	At June 30, 2012, the net unrealized gain on investments based on cost for federal tax purposes of $419,722,041 was as follows:

	Aggregate gross unrealized gain for all investments in which there is an excess of value over tax cost	$ 55,368,204
	Aggregate gross unrealized loss for all investments in which there is an excess of tax cost over value	(23,353,240)

	Net unrealized gain	$ 32,014,964

For financial reporting purposes net unrealized gain on investments was $ 32,014,964 and cost of investments aggregated $419,722,041.

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.

Level 1

Level 2

Level 3

Total

Investments in Securities - Assets

TAX EXEMPT OBLIGATIONS:

–

439,796,955

–

439,796,955

MUNICIPAL COLLATERALIZED DEBT OBLIGATION:

–

8,240,050

–

8,240,050

TAX EXEMPT MONEY MARKET MUTUAL FUND:

3,700,000

–

3,700,000

Total Investments in Securities - Assets

3,700,000

448,037,005

–

451,737,005

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. (a) 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)). 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 Municipal High Income Advantage Trust By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date February 29, 2012 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/ John F. Cogan, Jr. John F. Cogan, Jr., President Date February 29, 2012 By (Signature and Title)* /s/ Mark Bradley Mark Bradley, Treasurer Date February 29, 2012 * Print the name and title of each signing officer under his or her signature.