MIO Profile
The Pioneer Municipal High Income Opportunities Fund (MIO) is a closed-end fund that primarily invests in tax-exempt municipal bonds issued by U.S. states, territories, and municipalities. The fund was launched in 2003 and is managed by Pioneer Investment Management, Inc.
MIO's objective is to seek high current income exempt from regular federal income tax by investing in a diversified portfolio of high-yield, high-risk municipal securities. The fund may invest up to 20% of its assets in securities rated below investment grade or that are unrated.
As of early 2021, the market capitalization of MIO was approximately $245 million. The fund has a solid track record of generating tax-exempt income for its shareholders and has provided a steady source of income for investors seeking exposure to the municipal bond market.
Investing in closed-end funds like MIO carries certain risks, including the potential for market fluctuations, credit risks, interest rate risks, and liquidity risks. Additionally, closed-end funds may trade at a discount or premium to their net asset value, which can affect returns. Potential investors should carefully consider these risks before making any investment decisions.
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