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:  December 31, 2011

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.

Principal Amount USD $					S&P / Moody's Ratings				Value
							TAX-EXEMPT OBLIGATIONS — 141.5% OF NET ASSETS
							ALABAMA — 1.4%
		2,500,000				B-/B2	Alabama Industrial Development Authority Revenue, 6.45%, 12/1/23	$		2,210,475
		2,500,000				NR/NR	Huntsville-Redstone Village Special Care Facilities Financing Authority, 5.5%, 1/1/43			1,901,325

								$		4,111,800
							ARIZONA — 3.4%
		5,000,000				NR/NR	Casa Grande Industrial Development Authority Hospital Revenue, 7.625%, 12/1/29	$		5,003,300
		2,640,000				NR/NR	Pima County Industrial Development Authority, 7.0%, 1/1/38			2,484,214
		1,492,000				NR/Baa3	Pima County Industrial Development Authority, 6.75%, 7/1/31			1,465,845
		1,000,000				NR/NR	San Luis Facility Development Corp., 7.25%, 5/1/27			905,270

								$		9,858,629
							CALIFORNIA — 13.7%
		1,000,000				NR/NR	California Enterprise Development Authority Recovery Zone Facility Revenue, 8.5%, 4/1/31	$		1,046,070
		3,140,000		(a)		AA+/NR	California State University Revenue, RIB, 11.087%, 9/20/28 (144A)			3,525,372
		2,425,000				A-/A1	California State Various Purpose, 5.75%, 4/1/31			2,717,261
		8,575,000		(a)		AA+/NR	California State Various Purpose, RIB, 11.031%, 7/28/31 (144A)			9,250,453
		3,000,000				BB+/NR	California Statewide Communities Development Authority, 7.25%, 10/1/38 (144A)			3,062,760
		757,342		(b)		NR/NR	California Statewide Communities Development Authority, 9.0%, 12/1/38			7,339
		2,680,000		†		AA+/Aaa	Golden State Tobacco Securitization Corp., 6.75%, 6/1/39			2,919,136
		1,500,000				A-/NR	Madera Irrigation Financing Authority Water Revenue, 6.5%, 1/1/40			1,612,125
		1,500,000				A-/NR	Madera Irrigation Financing Authority Water Revenue, 6.25%, 1/1/31			1,599,000
		2,500,000				A-/A2	San Jose California Airport Revenue, 5.0%, 3/1/37			2,511,125
		10,500,000		(a)		AA+/NR	University of California, RIB, 11.304%, 5/15/32			11,255,580

								$		39,506,221
							COLORADO — 0.4%
		1,000,000				NR/NR	Kremmling Memorial Hospital District, 7.125%, 12/1/45	$		1,022,750
							CONNECTICUT — 3.1%
		7,750,000				NR/NR	Connecticut State Development Authority Revenue, 5.75%, 11/1/37	$		7,772,475
		1,000,000				NR/NR	Hamden Connecticut Facility Revenue, 7.75%, 1/1/43			1,046,610

								$		8,819,085
							DISTRICT OF COLUMBIA — 3.4%
		2,700,000				BBB/Baa1	District of Columbia Tobacco Settlement Financing Corp., 6.5%, 5/15/33	$		2,844,396
		6,825,000				BBB/Baa1	District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40			6,841,243

								$		9,685,639
							FLORIDA — 5.0%
		1,500,000				NR/NR	Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/41	$		1,499,445
		1,500,000				NR/NR	Alachua County Health Facilities Authority Revenue, 8.125%, 11/15/46			1,499,430
		1,000,000				NR/Ba3	Capital Trust Agency Revenue Bonds, 7.75%, 1/1/41			1,037,050
		1,000,000				NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 7.75%, 6/15/42			1,001,110
		2,000,000				NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 7.625%, 6/15/41			2,059,840
		1,000,000				NR/NR	Florida Development Finance Corp., Educational Facilities Revenue, 6.0%, 9/15/40			951,400
		1,980,000				NR/NR	Hillsborough County Industrial Development Authority Revenue, 6.75%, 7/1/29			1,901,236
		1,000,000		†		NR/NR	Hillsborough County Industrial Development Authority Revenue, 8.0%, 8/15/32			1,448,230
		500,000				NR/NR	Miami Beach Health Facilities Authority, 5.375%, 11/15/28			489,925
		2,500,000				A-/A2	Miami-Dade County Florida Aviation Revenue, 5.5%, 10/1/41			2,649,000

								$		14,536,666
							GEORGIA — 4.8%
		5,210,000		(a)		NR/Aa3	Atlanta Georgia Water and Wastewater Revenue, RIB, 11.087%, 1/30/13 (144A)	$		5,491,809
		1,000,000				CCC+/NR	Clayton County Development Authority Special Facilities Revenue, 9.0%, 6/1/35			1,077,080
		900,000				NR/NR	DeKalb County Georgia Hospital Authority Revenue, 6.0%, 9/1/30			947,736
		750,000				NR/NR	DeKalb County Georgia Hospital Authority Revenue, 6.125%, 9/1/40			771,495
		1,065,000				NR/Baa3	Effingham County Industrial Development Authority, 6.5%, 6/1/31			1,068,685
		3,360,000				NR/NR	Fulton County Residential Care Facilities, 7.0%, 7/1/29			2,910,633
		1,650,000				NR/NR	Savannah Georgia Economic Development Authority Revenue, 7.4%, 1/1/34			1,586,112

								$		13,853,550
							GUAM — 2.0%
		1,000,000				B/NR	Guam Government of Department Education Certificates of Participation, 6.625%, 12/1/30	$		1,029,550
		4,400,000		†		AA+/NR	Northern Mariana Islands, 6.75%, 10/1/33			4,888,312

								$		5,917,862
							IDAHO — 1.2%
		2,000,000				BBB+/Baa1	Power County Industrial Development Corp., 6.45%, 8/1/32	$		2,001,820
		1,500,000				BBB+/Baa1	Power County Pollution Control Revenue, 5.625%, 10/1/14			1,500,165

								$		3,501,985
							ILLINOIS — 6.8%
		1,450,000				A+/A1	Illinois Finance Authority Revenue, 5.5%, 4/1/39	$		1,492,645
		2,000,000				AA-/Aa3	Illinois Finance Authority Revenue, 6.0%, 8/15/25			2,115,640
		1,000,000		(b)		NR/NR	Illinois Finance Authority Revenue, 6.0%, 11/15/27			519,870
		280,000				BBB+/NR	Illinois Finance Authority Revenue, 6.0%, 8/15/38			287,577
		2,000,000				AA+/Aa2	Illinois Finance Authority Revenue, 6.0%, 8/15/39			2,217,560
		2,500,000				NR/NR	Illinois Finance Authority Revenue, 6.125%, 11/15/25			2,287,250
		6,000,000				NR/NR	Illinois Finance Authority Revenue, 8.25%, 5/15/45			5,985,540
		2,500,000				NR/NR	Illinois Finance Authority Revenue, 8.25%, 2/15/46			2,520,875
		1,500,000		(b)		NR/NR	Illinois Health Facilities Authority Revenue, 6.9%, 11/15/33			524,835
		2,310,000				NR/NR	Southwestern Illinois Development Authority Revenue, 5.625%, 11/1/26			1,715,937

								$		19,667,729
							INDIANA — 2.2%
		250,000				NR/Baa3	East Chicago Indiana Exempt Facilities Revenue, 7.0%, 1/1/14	$		244,310
		5,000,000				NR/Baa3	Jasper County Industrial Economic Development Revenue, 5.6%, 4/1/29			4,999,550
		1,900,000				NR/NR	Vincennes Industrial Economic Development Revenue, 6.25%, 1/1/24			1,142,033

								$		6,385,893
							KANSAS — 0.3%
		1,000,000				NR/A2	Kansas Development Finance Authority, 5.0%, 5/15/35	$		1,010,390
							KENTUCKY — 1.4%
		4,390,000				BB/NR	Kentucky Economic Development Finance Authority Hospital System Revenue, 5.875%, 10/1/22	$		4,104,518
							LOUISIANA — 7.1%
		5,000,000				BBB-/Baa2	Jefferson Parish Hospital Service Revenue, 6.375%, 7/1/41	$		5,130,650
		2,500,000				BBB-/Baa3	Louisiana Local Government Environmental Facilities Development Authority Revenue, 6.75%, 11/1/32			2,639,300
		6,000,000				NR/Baa1	Louisiana Public Facilities Authority Revenue, 5.5%, 5/15/47			6,018,120
		750,000				BBB-/NR	Opelousas Louisiana General Hospital Authority Revenue, 5.75%, 10/1/23			771,293
		5,915,000				A-/A3	Tobacco Settlement Financing Corp., 5.875%, 5/15/39			5,917,011

								$		20,476,374
							MAINE — 0.6%
		1,500,000				NR/Baa3	Maine Health & Higher Educational Facilities Authority Revenue, 7.5%, 7/1/32	$		1,663,470
							MARYLAND — 1.6%
		460,000				NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 5.25%, 1/1/27	$		392,435
		1,250,000				NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 5.3%, 1/1/37			946,963
		1,250,000				NR/Baa3	Maryland Health & Higher Educational Facilities Authority Revenue, 5.75%, 7/1/38			1,166,512
		2,000,000				NR/NR	Maryland Health & Higher Educational Facilities Authority Revenue, 6.25%, 1/1/45			2,125,820

								$		4,631,730
							MASSACHUSETTS — 8.7%
		675,000				BB/NR	Massachusetts Development Finance Agency, 5.25%, 10/1/18	$		662,175
		1,885,000				NR/NR	Massachusetts Development Finance Agency, 7.1%, 7/1/32			1,648,904
		8,000,000				A/NR	Massachusetts Development Finance Agency, 5.75%, 1/1/42			9,173,760
		1,000,000				NR/Caa1	Massachusetts Health & Educational Facilities Authority Revenue, 6.0%, 10/1/23			769,280
		2,195,000				BBB-/Baa3	Massachusetts Health & Educational Facilities Authority Revenue, 5.375%, 7/15/28			2,126,033
		3,420,000		(b)		NR/NR	Massachusetts Health & Educational Facilities Authority Revenue, 6.5%, 1/15/38			34,200
		10,760,000				AA-/Aa3	Massachusetts Housing Finance Agency, 5.35%, 12/1/45			10,769,361

								$		25,183,713
							MICHIGAN — 1.7%
		2,000,000				NR/Ba1	Flint Michigan Hospital Building Authority Revenue, 7.375%, 7/1/35	$		2,071,640
		2,235,000				BB+/NR	Kent Hospital Finance Authority Revenue, Metropolitan Hospital PJ-Series A, 6.25%, 7/1/40			2,201,386
		725,000				NR/NR	Michigan Public Educational Facilities Authority Revenue, 7.0%, 10/1/36			675,156

								$		4,948,182
							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	$		1,033,680
							MISSOURI — 1.2%
		1,000,000				NR/NR	Kansas City Tax Increment Financing Commission Tax Increment Revenue, 6.5%, 6/1/25	$		1,014,840
		1,500,000		(b)(c)		NR/Ca	St. Louis Industrial Development Authority Revenue, 7.2%, 12/15/28			449,985
		6,640,000		(b)(c)		NR/Ca	St. Louis Industrial Development Authority Revenue, 7.25%, 12/15/35			1,991,934

								$		3,456,759
							MONTANA — 0.7%
		2,445,000		(d)		NR/NR	Hardin Increment Industrial Infrastructure Development Revenue, 0.0%, 9/1/31	$		1,774,116
		1,000,000		(b)(c)		NR/NR	Two Rivers Authority, Inc., Project Revenue, 7.375%, 11/1/27			139,810

								$		1,913,926
							NEVADA — 1.5%
		1,320,000		(b)(c)		NR/NR	Director of the State of Nevada State Department of Business & Industry, 7.375%, 1/1/40	$		1,584
		1,600,000		(b)(c)		NR/NR	Nevada State Department of Business & Industry, 7.25%, 1/1/23			1,920
		1,000,000		(b)(c)		NR/NR	Nevada State Department of Business & Industry, 7.375%, 1/1/30			1,200
		4,500,000				A-/A3	Reno Nevada Hospital Revenue, 5.25%, 6/1/41			4,433,490

								$		4,438,194
							NEW HAMPSHIRE — 0.4%
		1,125,000				NR/NR	New Hampshire Health & Educational Facilities Authority Revenue, 5.875%, 7/1/34	$		1,132,234
							NEW JERSEY — 13.1%
		2,500,000				NR/NR	Burlington County New Jersey Bridge Commission Revenue, 5.625%, 1/1/38	$		2,288,500
		13,000,000				B/B3	New Jersey Economic Development Authority Revenue, 6.25%, 9/15/29			12,532,520
		3,500,000		(a)		NR/Aa3	New Jersey State Turnpike Authority, RIB, 8.746%, 7/1/23 (144A)			5,381,355
		15,375,000				AA+/Aa1	New Jersey Transportation Trust Fund Authority Revenue, 0.01%, 12/15/27			7,546,050
		3,250,000		†		AA+/Aaa	Tobacco Settlement Financing Corp., 6.75%, 6/1/39			3,548,642
		5,000,000		†		AA+/Aaa	Tobacco Settlement Financing Corp., 7.0%, 6/1/41			5,476,400
		1,000,000		†		AA+/Aaa	Tobacco Settlement Financing Corp., 6.25%, 6/1/43			1,084,810

								$		37,858,277
							NEW YORK — 10.2%
		1,730,000				NR/NR	Dutchess County Industrial Development Agency, 7.5%, 3/1/29	$		1,726,090
		3,000,000				NR/NR	Nassau County New York Industrial Development Agency Revenue, 6.7%, 1/1/43			2,301,990
		5,000,000				BB-/B1	New York City Industrial Development Agency, 5.25%, 12/1/32			3,952,050
		3,950,000				BB-/B1	New York City Industrial Development Agency, 7.625%, 12/1/32			3,906,945
		3,000,000				NR/C	New York City Industrial Development Agency, 8.0%, 8/1/12			2,735,430
		2,000,000				NR/Ba1	New York State Dormitory Authority Revenue, 6.125%, 12/1/29			2,015,780
		5,000,000				AAA/Aaa	New York State Dormitory Authority Revenue,, 5.0%, 10/1/41			5,609,200
		5,000,000				AAA/Aaa	New York State Environmental Facilities Corp., 5.0%, 6/15/33			5,206,200
		2,000,000				BB/NR	Seneca Nation Indians Capital Improvement Authority Revenue, 5.25%, 12/1/16 (144A)			1,881,460

								$		29,335,145
							NORTH CAROLINA — 1.7%
		5,010,000				NR/NR	Charlotte North Carolina Special Facilities Revenue, 7.75%, 2/1/28	$		5,016,613
							OHIO — 1.4%
		5,000,000				BB-/B3	Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47	$		3,939,100
							OKLAHOMA — 1.4%
		2,220,000		(b)		NR/NR	Tulsa Municipal Airport Revenue, 6.25%, 6/1/20	$		1,644,110
		3,000,000		(b)		NR/NR	Tulsa Municipal Airport Trust Revenue, 7.75%, 6/1/35			2,269,830

								$		3,913,940
							OREGON — 0.7%
		2,000,000				A-/NR	Oregon State Facilities Authority Revenue, 5.25%, 10/1/40	$		2,067,880
							PENNSYLVANIA — 5.4%
		3,600,000				CC/NR	Columbia County Hospital Authority Revenue, 5.85%, 6/1/24	$		3,413,880
		710,000				BBB+/Baa3	Hazleton Health Services Authority Hospital Revenue, 6.125%, 7/1/16			711,384
		1,000,000				BB/NR	Pennsylvania Economic Development Financing Authority Revenue, 5.125%, 6/1/18			947,780
		5,000,000				B-/Caa2	Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue, 6.0%, 6/1/31			3,834,600
		5,000,000				BBB-/Baa3	Philadelphia Hospitals & Higher Education Facilities Authority Revenue, 5.0%, 7/1/34			4,359,150
		2,245,000				B-/NR	Scranton-Lackawanna Health & Welfare Authority Revenue, 6.15%, 7/1/12			2,238,445

								$		15,505,239
							RHODE ISLAND — 3.7%
		1,385,000		(c)		NR/NR	Central Falls Rhode Island Detention Facilities Revenue, 7.25%, 7/15/35	$		1,089,081
		1,500,000				NR/NR	Rhode Island Health & Educational Building Corp Revenue, 8.375%, 1/1/46			1,556,805
		8,285,000				BBB/B1	Tobacco Settlement Financing Corp., 6.25%, 6/1/42			8,064,785

								$		10,710,671
							SOUTH CAROLINA — 5.1%
		7,140,000		†		BBB+/Baa1	South Carolina Jobs Economic Development Authority Revenue, 6.375%, 8/1/34	$		7,791,954
		860,000		†		BBB+/Baa1	South Carolina Jobs Economic Development Authority Revenue, 6.375%, 8/1/34			940,685
		4,400,000		(e)		BBB/NR	Tobacco Settlement Revenue Management, 6.375%, 5/15/30			5,908,496

								$		14,641,135
							TENNESSEE — 5.8%
		1,000,000		†		NR/A2	Johnson City Health & Educational Facilities Board Hospital Revenue, 7.5%, 7/1/33	$		1,057,920
		5,000,000				BBB+/Baa1	Johnson City Health & Educational Facilities Board Hospital Revenue, Mountain States Health Alliance, 6.5%, 7/1/38			5,388,700
		7,000,000				NR/A1	Knox County Health Educational & Housing Facilities Board Hospital Revenue, Baptist Health System East Tennessee, 6.5%, 4/15/31			7,197,680
		3,000,000				BBB+/NR	Sullivan County Health, Educational & Housing Facilities Board Hospital Revenue, 5.25%, 9/1/36			2,962,980

								$		16,607,280
							TEXAS — 13.2%
		2,400,000				BB+/Ba1	Central Texas Regional Mobility Authority Revenue, 6.75%, 1/1/41	$		2,403,984
		2,663,453		(b)(c)		NR/NR	Gulf Coast Industrial Development Authority, 7.0%, 12/1/36			25,782
		10,000,000				B-/B3	Houston Texas Airport System Special Facilities Revenue, 6.75%, 7/1/29			9,968,500
		1,000,000				NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.0%, 5/1/21			862,380
		1,350,000				NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.125%, 5/1/26			1,116,140
		725,000				NR/NR	IAH Public Facility Corp., Project Revenue Bonds, Series 2006, 6.0%, 5/1/16			686,611
		510,000				AA-/Aa3	Lower Colorado River Authority, 5.0%, 5/15/31			518,721
		2,240,000				AA-/Aa3	Lower Colorado River Authority, 5.0%, 5/15/31			2,248,310
		2,000,000				NR/NR	Lubbock Health Facilities Development Corp., 6.625%, 7/1/36			1,889,960
		845,000				NR/NR	Lubbock Health Facilities Development Corp., 6.5%, 7/1/26			820,343
		9,750,000				BBB+/A3	North Texas Tollway Authority Revenue, 5.75%, 1/1/33			10,358,595
		1,711,000				NR/Aaa	Panhandle Regional Housing Finance Corp. Multifamily Housing Revenue, 6.6%, 7/20/31			1,806,628
		1,500,000				NR/NR	Red River Health Facilities Development Corp., Revenue, 8.0%, 11/15/41			1,504,845
		1,000,000				A/Baa2	Richardson Hospital Authority Revenue, 6.0%, 12/1/34			1,013,290
		1,000,000				NR/NR	Tarrant County Cultural Education Facilities Finance Corp., 8.125%, 11/15/39			1,005,490
		1,500,000				NR/NR	Tarrant County Cultural Education Facilities Finance Corp., 8.25%, 11/15/44			1,512,255
		1,000,000		(b)(c)		D/NR	Texas Midwest Public Facility Corp., Revenue, 9.0%, 10/1/30			500,820

								$		38,242,654
							VIRGINIA — 0.8%
		2,000,000				BBB+/Baa1	Washington County Industrial Development Authority Revenue, 7.75%, 7/1/38	$		2,291,100
							WASHINGTON — 3.6%
		1,140,000				BBB/A3	Tobacco Settlement Authority Revenue, 6.5%, 6/1/26	$		1,166,858
		2,000,000				BBB/Baa2	Washington State Health Care Facilities Authority, 6.125%, 8/15/37			2,046,040
		2,000,000				BBB/Baa2	Washington State Health Care Facilities Authority, 6.25%, 8/15/42			2,048,280
		1,500,000				NR/Baa2	Washington State Health Care Facilities Authority, 5.5%, 12/1/39			1,464,390
		5,000,000				NR/NR	Washington State Housing Finance Committee Nonprofit Revenue, 5.625%, 1/1/27			3,596,250

								$		10,321,818
							WEST VIRGINIA — 0.3%
		750,000				NR/NR	West Virginia Hospital Finance Authority Hospital Revenue, 9.125%, 10/1/41	$		816,203
							WISCONSIN — 2.1%
		2,500,000				NR/NR	Wisconsin Public Finance Authority Continuing Care Retirement Community Revenue, 8.25%, 6/1/46	$		2,592,375
		1,500,000				A+/A1	Wisconsin State Health & Educational Facilities Authority Revenue, 6.625%, 2/15/39			1,636,980
		1,000,000				NR/NR	Wisconsin State Health & Educational Facilities Authority Revenue, 6.125%, 4/1/24			1,001,690
		1,000,000				NR/NR	Wisconsin State Health & Educational Facilities Authority Revenue, 6.25%, 4/1/34			973,540

								$		6,204,585
							TOTAL TAX-EXEMPT OBLIGATIONS (Cost $393,453,743)	$		408,332,619
							MUNICIPAL COLLATERALIZED DEBT OBLIGATION — 3.1%

		13,000,000		(c)		NR/NR	Non-Profit Preferred Funding Trust I, Series E, 12.0%, 9/15/37 (144A)	$		8,924,500

							TOTAL MUNICIPAL COLLATERALIZED DEBT OBLIGATION (Cost $13,000,000)	$		8,924,500
Shares									Value
							COMMON STOCK - OF NET ASSETS — 0.3%
							TRANSPORTATION — 0.3%
							AIRLINES — 0.3%
		110,735		(f)			Delta Air Lines, Inc.	$		895,846
							TOTAL COMMON STOCKS (Cost $3,210,349)	$		895,846
							TAX-EXEMPT MONEY MARKET MUTUAL FUND — 2.1% OF NET ASSETS
		6,000,000				NR/NR	BlackRock Liquidity Funds MuniFund Portfolio	$		6,000,000
							TOTAL TAX-EXEMPT MONEY MARKET MUTUAL FUND (Cost $6,000,000)	$		6,000,000
							TOTAL INVESTMENTS IN SECURITIES — 147.0% (Cost $415,664,092)(g)(h)	$		424,152,965
							OTHER ASSETS AND LIABILITIES — 5.0%	$		14,467,215
							PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING DIVIDENDS PAYABLE — (52.0)%	$		(150,004,114)
							NET ASSETS APPLICABLE TO COMMON SHAREOWNERS — 100.0%	$		288,616,066

(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 December 31, 2011, the value of these securities amounted to $37,517,709 or 13.0% of total net assets applicable to common shareowners.
NR			Security not rated by S&P or Moody's
RIB			Residual Interest Bonds
†			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.
(a)			The interest rate is subject to change periodically and inversely based upon prevailing market rates. The interest rate shown is the coupon rate at December 31, 2011.
(b)			Security is in default and is non-income producing.
(c)			Indicates a security that has been deemed illiquid. The aggregate cost of illiquid securities is $30,076,785. The aggregate fair value of $13,126,616 represents 4.5% of the total net assets applicable to common shareowners.
(d)			Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at December 31, 2011.
(e)			Escrow to maturity.
(f)			Non-income producing.
(g)
The concentration of investments by type of
obligation/market sector is as follows:

Insured:
FSA	8.2	%
AMBAC	2.7
BHAC-CR MBIA	1.8
AGM	1.5
Revenue Bonds:
Health Revenue	36.9
Tobacco Revenue	10.3
Other Revenue	8.5
Development Revenue	7.8
Airport Revenue	5.9
Pollution Control Revenue	4.8
Education Revenue	3.7
Housing Revenue	2.9
Facilities Revenue	2.6
Water Revenue	2
Transportation Revenue	0.4
	100	%

The concentration of investments by type of
obligation/market sector is as follows:

Insured:
FSA	8.2	%
AMBAC	2.7
BHAC-CR MBIA	1.8
AGM	1.5
Revenue Bonds:
Health Revenue	36.9
Tobacco Revenue	10.3
Other Revenue	8.5
Development Revenue	7.8
Airport Revenue	5.9
Pollution Control Revenue	4.8
Education Revenue	3.7
Housing Revenue	2.9
Facilities Revenue	2.6
Water Revenue	2
Transportation Revenue	0.4
	100	%

(h) At December 31, 2011, the net unrealized gain on investments based on cost for federal income tax purposes of $414,302,035 was as follows:

Aggregate gross unrealized gain in which there is an excess of value over tax cost $

39,554,529

Aggregate gross unrealized loss in which there is an excess of tax cost over value

(29,703,599)

Net unrealized gain$

9,850,930

For financial reporting purposes net unrealized gain on investments was $8,488,873 and cost of investments aggregated $415,664,092.

Purchases and sales of securities (excluding temporary cash investments) for the period ended December 31, 2011 aggregated $42,120,447 and $55,310,358, respectively.

Various inputs are used in determining the value of the Trust’s investments. These inputs are summarized
in the three broad levels listed 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 risk, 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 are categorized as Level 3.

The following is a summary of the inputs used as of December 31, 2011, in valuing the Trust’s investments:

	Level 1		Level 2		Level 3		Total
Tax-exempt obligations	$	—	$	408,332,619	$	—	$	408,332,619
Municipal collateralized debt obligation		—		8,924,500		—		8,924,500
Common stock		895,846		—		—		895,846
Tax-exempt money market mutual fund		6,000,000		—		—		6,000,000
Total	$	6,895,846	$	417,257,119	$	—	$	424,152,965

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.