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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Managed Municipal Income Trust

XPMMX | Fund

$6.61

$346 M

0.00%

0.93%

Vitals

YTD Return

-1.5%

1 yr return

1.2%

3 Yr Avg Return

-7.4%

5 Yr Avg Return

-3.3%

Net Assets

$346 M

Holdings in Top 10

10.1%

52 WEEK LOW AND HIGH

$6.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.93%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Managed Municipal Income Trust

XPMMX | Fund

$6.61

$346 M

0.00%

0.93%

XPMMX - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Managed Municipal Income Trust
  • Fund Family Name
    Putnam
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    48944250
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

XPMMX - Performance

Return Ranking - Trailing

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -4.2% 3.0% 91.75%
1 Yr 1.2% -3.2% 8.4% 89.81%
3 Yr -7.4%* -10.0% 1.6% 94.03%
5 Yr -3.3%* -4.9% 524.9% 93.23%
10 Yr 1.3%* 0.0% 155.5% 93.70%

* Annualized

Return Ranking - Calendar

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -1.5% 7.5% 3.40%
2022 -22.8% -26.9% -3.5% 95.57%
2021 0.7% -1.9% 5.6% 84.00%
2020 0.6% -10.1% 4.2% 49.49%
2019 5.4% 2.0% 9.1% 40.63%

Total Return Ranking - Trailing

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -4.2% 3.0% 91.75%
1 Yr 1.2% -3.2% 8.4% 89.81%
3 Yr -7.4%* -10.0% 1.6% 94.03%
5 Yr -3.3%* -4.9% 524.9% 93.23%
10 Yr 1.3%* 0.0% 155.5% 93.70%

* Annualized

Total Return Ranking - Calendar

Period XPMMX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% 0.4% 10.9% 77.67%
2022 -22.8% -26.9% -2.9% 95.57%
2021 0.7% -1.9% 10.0% 93.50%
2020 0.6% -4.1% 8.2% 87.37%
2019 8.0% 3.5% 1028633.9% 66.15%

NAV & Total Return History

XPMMX - Holdings

Concentration Analysis

XPMMX Category Low Category High XPMMX % Rank
Net Assets 346 M 9.79 K 16.1 B 67.15%
Number of Holdings 380 1 3076 50.49%
Net Assets in Top 10 36.5 M -102 M 3.44 B 81.07%
Weighting of Top 10 10.12% 4.7% 100.7% 84.88%

Top 10 Holdings

  1. 5 Year Treasury Note Future June 21 5.64%
  2. 5 Year Treasury Note Future June 21 5.64%
  3. 5 Year Treasury Note Future June 21 5.64%
  4. 5 Year Treasury Note Future June 21 5.64%
  5. 5 Year Treasury Note Future June 21 5.64%
  6. 5 Year Treasury Note Future June 21 5.64%
  7. 5 Year Treasury Note Future June 21 5.64%
  8. 5 Year Treasury Note Future June 21 5.64%
  9. 5 Year Treasury Note Future June 21 5.61%
  10. 5 Year Treasury Note Future June 21 5.61%

Asset Allocation

Weighting Return Low Return High XPMMX % Rank
Bonds 		91.51% 0.00% 146.69% 93.78%
Cash 		8.50% -0.64% 100.00% 0.97%
Stocks 		0.00% 0.00% 99.38% 63.64%
Preferred Stocks 		0.00% -47.61% 1.89% 51.46%
Other 		0.00% -12.04% 9.96% 51.94%
Convertible Bonds 		0.00% 0.00% 0.00% 51.94%

Bond Sector Breakdown

Weighting Return Low Return High XPMMX % Rank
Municipal 		91.54% 0.00% 100.00% 91.26%
Cash & Equivalents 		8.42% 0.00% 100.00% 0.97%
Government 		0.04% 0.00% 0.09% 2.91%
Derivative 		0.00% -12.35% 1.55% 47.57%
Securitized 		0.00% 0.00% 22.44% 54.37%
Corporate 		0.00% 0.00% 2.83% 73.79%

Bond Geographic Breakdown

Weighting Return Low Return High XPMMX % Rank
US 		89.96% 0.00% 139.84% 90.29%
Non US 		1.55% 0.00% 13.35% 10.68%

XPMMX - Expenses

Operational Fees

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.21% 3.44% 49.27%
Management Fee 0.55% 0.00% 1.41% 76.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 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% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XPMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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 21.00% 2.00% 121.00% 52.60%

XPMMX - Distributions

Dividend Yield Analysis

XPMMX Category Low Category High XPMMX % Rank
Dividend Yield 0.00% 0.00% 6.74% 97.13%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XPMMX Category Low Category High XPMMX % Rank
Net Income Ratio 3.73% 1.11% 5.70% 21.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XPMMX - Fund Manager Analysis

Managers

Paul Drury

Start Date

Tenure

Tenure Rank

May 01, 2002

20.1

20.1%

Paul M. 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

5.42

5.4%

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
0.06 21.43 7.46 2.52

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