Putnam Managed Municipal Income (PMM)

• Market cap: $265M
• 1 day: 0.16%
• 5 days: 1.65%
• 1 month: 5.83%
• 3 months: 4.93%
• 6 months: 0.49%
• Year to date: 2.49%
• 1 year: -5.8%
• 5 years: -21.1%
• 10 years: -13.46%
• 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

5% more funds holding

Funds holding: 79 [Q1] → 83 (+4) [Q2]

3% less capital invested

Capital invested by funds: $52M [Q1] → $50.5M (-$1.48M) [Q2]

1.27% less ownership

Funds ownership: 19.46% [Q1] → 18.19% (-1.27%) [Q2]