Putnam Managed Municipal Income (PMM)

• Market cap: $250M
• 1 day: -0.51%
• 5 days: 0.34%
• 1 month: 0.00%
• 3 months: -2.02%
• 6 months: -7.62%
• Year to date: -3.32%
• 1 year: -8.78%
• 5 years: -24.51%
• 10 years: -16.86%
• 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

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

4% more funds holding

Funds holding: 79 [Q1] → 82 (+3) [Q2]

3% less capital invested

Capital invested by funds: $52M [Q1] → $50.2M (-$1.81M) [Q2]

1.38% less ownership

Funds ownership: 19.46% [Q1] → 18.08% (-1.38%) [Q2]