Global Endowment Management’s Franklin Managed Municipal Income Trust PMM Stock Holding History

Global Endowment Management’s Portfolio PMM Stock Details PMM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-80,000	Closed	-$566K	–	240
2015 Q2	$566K	Hold	80,000	–	–	0.08%	173
2015 Q1	$591K	Hold	80,000	–	–	0.09%	164
2014 Q4	$580K	Hold	80,000	–	–	0.1%	177
2014 Q3	$566K	Sell	80,000 -48,000	-38%	-$337K	0.09%	174
2014 Q2	$918K	Hold	128,000	–	–	0.14%	147
2014 Q1	$891K	Hold	128,000	–	–	0.14%	155
2013 Q4	$850K	Buy	128,000 +74,300	+138%	+$494K	0.17%	147
2013 Q3	$367K	Hold	53,700	–	–	0.09%	154
2013 Q2	$383K	Buy	+53,700	New	+$412K	0.11%	132

Other funds holding PMM

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

LSA

Liberty Street Advisors New York $41.4M AUM 34.47% 1-Year Est. Return

Guggenheim Capital Chicago, Illinois $12.9B AUM 27.3% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

MIM

Macroview Investment Management Bethesda, Maryland $144M AUM 19.29% 1-Year Est. Return

CIA

Capital Investment Advisors Atlanta, Georgia $6.84B AUM 17.28% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Global Endowment Management's PMM Position: Q3 2015 in Review

Global Endowment Management sold out of Franklin Managed Municipal Income Trust (PMM) in Q3 2015, closing a stake of 80,000 shares — an estimated $566K sold.

Global Endowment Management first reported a position in PMM in Q2 2013 and held it in 9 quarters. The position peaked at $918K in Q2 2014. 63 funds tracked by Wall St. Rank hold PMM as of Q3 2015.

Global Endowment Management reported no remaining Franklin Managed Municipal Income Trust position as of Q3 2015 after selling out during the quarter.
Global Endowment Management sold 80,000 Franklin Managed Municipal Income Trust shares in Q3 2015, an estimated $566K.
Global Endowment Management first reported a position in Franklin Managed Municipal Income Trust in Q2 2013 and held it in 9 quarters.
Global Endowment Management's Franklin Managed Municipal Income Trust position peaked at $918K in Q2 2014.
63 funds tracked by Wall St. Rank held Franklin Managed Municipal Income Trust as of Q3 2015.

Based on Global Endowment Management's 13F filing for Q3 2015, filed 9 Nov 2015.