Putnam Managed Municipal Income (PMM)

• Market cap: $276M
• 1 day: 0.16%
• 5 days: 0.33%
• 1 month: -2.37%
• 3 months: 1.82%
• 6 months: -3.89%
• Year to date: 2.49%
• 1 year: 4.05%
• 5 years: -7.77%
• 10 years: -15.83%
• 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 filings by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

1.43% more ownership

Funds ownership: 15.56% [Q3] → 16.99% (+1.43%) [Q4]

1% more funds holding

Funds holding: 92 [Q3] → 93 (+1) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 23

1% more capital invested

Capital invested by funds: $46.5M [Q3] → $47.1M (+$590K) [Q4]