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Putnam Managed Muni Income:PMM

    Manage Alerts

    Overview

    As of 12/6/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$8.05$8.14-1.11%
    52 Wk Avg$7.58$8.00-5.29%
    52 Wk High$8.11$8.27-0.98%
    52 Wk Low$6.69$7.70-13.07%
    Regular Distribution TypeIncome Only
    Distribution Rate4.77%
    Distribution Amount$0.0320
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of tax-emempt municipal securities. Up to 60% of the funds assets mau consist of high-yield tax-exempt municipal securities that are below investment grade. The Fund will also use leverage through the issuance of preferred shares.

    Capital Structure

    As of 12/6/2019

    Total Investment Exposure:$527.120M
    Total Common Assets:$400.522M
    Common Shares Outstanding:49,204,185
    Leverage

    As of 10/31/2018

    Preferred Share Assets: $99.350M
    Total Debt (USD): $27.248M
    Regulatory Leverage (USD): $99.350M
    Effective Leverage (USD): $126.598M
    Effective Leverage (%): 24.02%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.68%
    Other Expenses:0.18%
    Baseline Expense: N/A
    Interest Expense:0.17%
    Total: 1.03%
    Fund Management

    Fund Sponsor
    Putnam

    Portfolio Managers
    Garrett Hamilton, Paul M. Drury

    Basics
    Category: Fixed Income - Municipal-Municipal
    Ticker: PMM
    NAV Ticker: XPMMX
    Average Daily Volume (shares): 11,793
    Average Daily Volume (USD): M
    Inception Date: 2/24/1989
    Inception Share Price: $10.00
    Inception NAV: $9.30
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 12/6/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2019
    $0.1666
    Annualized Distribution Rate on NAV:
    As of 12/6/2019
    4.72%
    Total Return on NAV (12 months):
    As of 12/6/2019
    11.22%
    Avg. Portfolio Coupon:
    As of 12/6/2019
    5.18%
    Total % Portfolio Effectively Leveraged:
    As of 12/6/2019
    24.02%
    Taxable Equivalent Yield

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/7/2019

    PeriodAvg Discount
    6 Month-3.37%
    1 Year-5.29%
    3 Year-6.81%
    5 Year-7.26%
    Z-Score

    As of 12/6/2019

    PeriodZStat
    3 Month1.90
    6 Month2.08
    1 Year1.65
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/6/2019
    Category: Morningstar US CEF Municipal

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD25.31%9.90%18.17%9.90%
    2018-4.49%1.50%-5.46%0.49%
    201710.55%9.58%7.59%7.85%
    20161.63%0.84%1.16%0.57%
    20157.83%5.60%7.75%5.33%
    201416.36%17.12%19.16%18.97%
    2013-12.13%-4.99%-12.56%-6.88%
    201214.46%15.15%12.59%15.20%
    201116.28%13.31%20.50%16.78%
    201011.75%6.77%4.22%3.77%
    200942.07%41.38%48.30%33.43%
    2008-22.69%-26.66%-22.64%-20.70%
    2007-4.06%-1.39%-5.67%-0.26%
    200613.84%6.47%  
    20055.48%5.77%  
    20044.48%7.49%  
    20037.27%9.40%  
    2002-0.08%4.76%  
    20016.26%2.87%  
    20006.31%8.10%  
    1999-24.81%-4.47%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/6/2019
    Category: Morningstar US CEF Municipal

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 10/31/2019
    14.24%
    Average Coupon:
    As of 12/6/2019
    5.18%
    Average Maturity:
    As of 10/31/2019
    5.22 yrs
    Number of Holdings:
    As of 10/31/2019
    396
    Annual Portfolio Turnover:
    As of 10/31/2019
    28.00%
    Pre-Refunded:
    2.60%
    Average Bond Price:
    As of 10/31/2019
    $110.09
    Asset Allocation

    As of 10/31/2019 reported by Fund Sponsor

    Top Sectors

    As of 10/31/2019 reported by Fund Sponsor

    Sector%Portfolio
    Municipal (Super Sector)98.66%
    US Municipal Tax Advantaged97.38%
    Cash Equivalents (Super Sector)1.65%
    Cash Equivalents1.65%
    Municipal1.28%
    Government0.03%
    Government (Super Sector)-0.31%
    Government Related-0.34%
    State Allocation

    As of 10/31/2019 reported by Fund Sponsor

    State% Portfolio
    Illinois9.68%
    Texas7.90%
    New Jersey6.69%
    Ohio4.52%
    Florida4.35%
    Pennsylvania3.92%
    Georgia3.85%
    California3.70%
    Arizona3.15%
    New York2.90%
    Top Holdings

    As of 10/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5%$6.38M1.27%
    BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.25%$5.99M1.20%
    MISSISSIPPI BUSINESS FIN CORP MISS REV 2.5%$5.62M1.12%
    ALASKA INDL DEV & EXPT AUTH REV 4%$5.17M1.03%
    KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%$5.14M1.03%
    GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%$5.14M1.03%
    CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%$5.01M1.00%
    TENDER OPT BD TR RCPTS / CTFS VAR STS 12.05%$4.76M0.95%
    PORTLAND ORE 7.7%$4.37M0.87%
    ILLINOIS ST 5%$4.28M0.86%
    Credit Quality

    As of 10/31/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 10/31/2019 reported by Fund Sponsor

    Country Allocation

    As of 10/31/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income98.10%
    Others - Fixed Income0.25%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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