Putnam Managed Municipal Income (PMM)

• Market cap: $265M
• 1 day: -0.83%
• 5 days: 1.89%
• 1 month: -3.57%
• 3 months: -3.41%
• 6 months: -4.50%
• Year to date: -1.33%
• 1 year: 0.85%
• 5 years: -9.45%
• 10 years: -19.29%
• Sector: Financials
• Industry: Asset Management

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

1.46% more ownership

Funds ownership: 15.53% [Q3] → 16.99% (+1.46%) [Q4]

1% more funds holding

Funds holding: 92 [Q3] → 93 (+1) [Q4]

1% more capital invested

Capital invested by funds: $46.5M [Q3] → $47.1M (+$660K) [Q4]