Putnam Municipal Opportunities Trust (PMO)

• Market cap: $317M
• 1 day: -0.10%
• 5 days: -3.04%
• 1 month: -1.64%
• 3 months: -4.40%
• 6 months: 0.10%
• Year to date: -0.78%
• 1 year: -1.64%
• 5 years: -22.46%
• 10 years: -14.33%

About: Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.

Fund manager confidence

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

122% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 9

13% more funds holding

Funds holding: 87 [Q2] → 98 (+11) [Q3]

10% more capital invested

Capital invested by funds: $67.4M [Q2] → $74.2M (+$6.8M) [Q3]

0.81% more ownership

Funds ownership: 20.6% [Q2] → 21.41% (+0.81%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 27