Putnam Managed Municipal Income (PMM)

• Market cap: $277M
• 1 day: -0.66%
• 5 days: -3.97%
• 1 month: -1.94%
• 3 months: -7.49%
• 6 months: -3.04%
• Year to date: -0.33%
• 1 year: -1.79%
• 5 years: -24.38%
• 10 years: -15.15%

About: Putnam Managed Municipal Income Trust is a closed-end management investment company. Its investment objective is to seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of tax-exempt municipal securities. The Fund invests in various sectors such as healthcare, retirement community, private higher education, housing-backed, essential service utilities, and state-backed bonds.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

10% more funds holding

Funds holding: 84 [Q2] → 92 (+8) [Q3]

5% more capital invested

Capital invested by funds: $44.2M [Q2] → $46.5M (+$2.32M) [Q3]

0.18% more ownership

Funds ownership: 15.38% [Q2] → 15.56% (+0.18%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23