XPMMX: Putnam Managed Muni Income

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XPMMX Putnam Managed Muni Income


Profile

XPMMX - Profile

Vitals

  • YTD Return -11.7%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $371 M
  • Holdings in Top 10 12.3%

52 WEEK LOW AND HIGH

$7.20
$6.80
$8.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -11.7%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Managed Municipal Income Trust
  • Fund Family Name
    Putnam
  • Inception Date
    Feb 24, 1989
  • Shares Outstanding
    49204185
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

N/A


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Categories

Performance

XPMMX - Performance

Return Ranking - Trailing

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.7% -15.4% 0.9% 86.87%
1 Yr -9.0% -14.8% 9.9% 86.98%
3 Yr -2.5%* -3.7% 4.5% 85.12%
5 Yr -2.3%* -3.4% 1.9% 91.24%
10 Yr -0.1%* -1.2% 1.9% 62.75%

* Annualized

Return Ranking - Calendar

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.7% 9.1% 40.10%
2018 -3.1% -5.7% 9.2% 77.65%
2017 4.2% -9.7% 8.6% 45.00%
2016 -4.4% -6.1% -0.8% 93.46%
2015 0.0% -5.6% 2.9% 60.29%

Total Return Ranking - Trailing

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.7% -15.4% 0.9% 86.87%
1 Yr -9.0% -14.8% 10.7% 86.98%
3 Yr -2.5%* -3.7% 4.5% 85.12%
5 Yr -2.3%* -3.4% 1.9% 91.24%
10 Yr -0.1%* -1.2% 4.6% 62.75%

* Annualized

Total Return Ranking - Calendar

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.7% 9.9% 40.10%
2018 -3.1% -5.7% 9.2% 78.77%
2017 4.2% -9.7% 8.8% 48.13%
2016 -4.4% -6.1% 1.0% 93.46%
2015 0.0% -5.6% 5.3% 60.29%

NAV & Total Return History


Holdings

XPMMX - Holdings

Concentration Analysis

XPMMX Category Low Category High XPMMX % Rank
Net Assets 371 M 366 K 25 B 77.00%
Number of Holdings 404 6 4048 59.09%
Net Assets in Top 10 63.7 M -40.6 M 2.72 B 64.14%
Weighting of Top 10 12.34% 4.6% 98.9% 50.51%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.35%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.25% 1.27%
  3. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.24%
  4. METROPOLITAN TRANSN AUTH N Y REV 4% 1.16%
  5. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.29% 1.10%
  6. MISSISSIPPI BUSINESS FIN CORP MISS REV 2.5% 1.09%
  7. ALASKA INDL DEV & EXPT AUTH REV 4% 1.05%
  8. TENDER OPT BD TR RCPTS / CTFS VAR STS 17.81% 1.03%
  9. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.03%
  10. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.02%

Asset Allocation

Weighting Return Low Return High XPMMX % Rank
Bonds
99.54% 81.55% 142.87% 53.03%
Cash
0.30% -4.51% 17.48% 60.10%
Other
0.16% -2.90% 2.08% 6.57%
Stocks
0.00% 0.00% 0.35% 85.35%
Preferred Stocks
0.00% -43.10% 0.37% 80.81%
Convertible Bonds
0.00% 0.00% 0.01% 81.31%

Bond Sector Breakdown

Weighting Return Low Return High XPMMX % Rank
Municipal
99.40% 83.27% 100.00% 50.00%
Cash & Equivalents
0.30% 0.00% 16.36% 65.66%
Government
0.30% -2.36% 5.69% 9.09%
Derivative
0.00% 0.00% 0.22% 81.82%
Securitized
0.00% 0.00% 0.09% 82.32%
Corporate
0.00% 0.00% 4.40% 85.86%

Bond Geographic Breakdown

Weighting Return Low Return High XPMMX % Rank
US
99.30% 74.35% 136.82% 11.62%
Non US
0.24% 0.00% 14.36% 88.89%

Expenses

XPMMX - Expenses

Operational Fees

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.21% 2.89% 43.65%
Management Fee 0.55% 0.00% 1.25% 79.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 6.16% 125.00% 72.73%

Distributions

XPMMX - Distributions

Dividend Yield Analysis

XPMMX Category Low Category High XPMMX % Rank
Dividend Yield 0.00% 0.00% 4.49% 90.50%

Dividend Distribution Analysis

XPMMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XPMMX Category Low Category High XPMMX % Rank
Net Income Ratio 4.21% 1.99% 5.67% 27.92%

Capital Gain Distribution Analysis

XPMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XPMMX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

May 01, 2002

17.93

17.9%

Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.

Garrett Hamilton


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.25

3.3%

Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.18 6.94 0.27