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Putnam Managed Municipal Income Trust (PMM)

National Muni Bond Funds - Muni High Yield

Data as of May 17, 2024
Market Price $6.05 (+ $0.02)
NAV (May 17, 2024) $6.75 (- $0.01)
Fund Listed NYSE
Premium / Discount -10.37% (+0.43%)
Fund Info
Inception Feb. 24, 1989
Sponsor Putnam Investment Management
Website https://www.putnam.com...
Phone 1-800-225-1581
Location Massachusetts
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: High current tax-free income by investing primarily in levered portfolio of municipal bonds.
Related Indexes
High Yield Municipal Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 45,739,545
Total Assets (Reported: Oct. 31, 2023) $408M
Estimated Total Assets $406M
Net Assets $309M
Market Cap $277M
Portfolio Turnover 45.00%
Total Leverage 24.00%
Structural Leverage (out of total) 78.04%
Portfolio Leverage (out of total) 21.96%
Expense Ratio 2.97%
Non Lev Exp Ratio 0.82%
Rel Lev Cost 5.94%
Discount Data
Average Discount (3 Yr) -3.80%
Discount Low(3 Yr) -13.34%
Discount High(3 Yr) 12.66%
Discount Rel Range (3 Yr) 11.44%
Comp Discount -1.60
Discount St Dev (1Yr) 1.67
Z-Stat (6mo) -0.83
Z-Stat (1Yr) -0.70
Z-Stat (3Yr) -1.22
Comp Z-Stat (6mo) -1.80
Comp Z-Stat (3Yr) -0.85
Distribution Data
Market Yield 4.72%
Income Yield 3.91%
Lev Adj NAV Yield 3.41%
Distribution Frequency M
Current Distribution $0.024
Current Income $0.020
Ex-Date 5/23/24
Payable Date 6/3/24
Div Growth (3yr) -25.62%
Dividend Change -25.6% on 3/24/23
Expected Div 5/24/24
RoC (1yr) 28.08%
RoC (3yr) 20.38%
Volume & Liquidity
Average Daily $ (K) $636
Avg Volume 30 day 83,007
Avg Volume 90 day 105,046
Volume Trend -20.98%
Comp Volume Trend -13.38%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): MAV 79.0%
NAV - Price Correlation (30 d) 95.8%
NAV - Price Correlation (90 d) 79.9%
NAV - Price Correlation (1 Yr) 93.7%
Price St Dev (1Yr) 16.6%
NAV St Dev (1Yr) 7.5%
Earnings / Share (10/31/23) $0.017
Earn Coverage 71.01%
Earnings Trend Down
UNII / Share (10/31/23) $0.005
Rel UNII 2.28
UNII Trend Up
Bond Specific Data
Maturity 15.14
Duration 13.14
Credit Rating (rbo) A
Investment Grade 58.98%
Non Investment Grade 13.78%
Unrated Bonds 27.25%
Average Bond Price 127.96
Discount vs Price 17.59
Coupon 4.53%
Zero Coupon 2.06%
AMT 11.75%
AMT Yield 4.57%
Bond Calls Risk None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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

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