Putnam Managed Municipal Income Trust

Putnam Managed Municipal Income Trustverified

PMM

Price:

$6.55

Market Cap:

$304.12M

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1989-02-17

Stock Exchange

NYSE

Ticker

PMM

The ROE as of September 2024 (TTM) for Putnam Managed Municipal Income Trust (PMM) is 11.54%

According to Putnam Managed Municipal Income Trust’s latest financial reports and current stock price. The company's current ROE is 11.54%. This represents a change of 366.28% compared to the average of 2.47% of the last 4 quarters.

Putnam Managed Municipal Income Trust (PMM) Historical ROE (quarterly & annually)

How has PMM ROE performed in the past?

The mean historical ROE of Putnam Managed Municipal Income Trust over the last ten years is 2.06%. The current 11.54% ROE has changed 460.73% with respect to the historical average. Over the past ten years (40 quarters), PMM's ROE was at its highest in in the April 2024 quarter at 12.08%. The ROE was at its lowest in in the April 2022 quarter at -11.48%.

Quarterly (TTM)
Annual

Average

2.06%

Median

3.84%

Minimum

-23.24%

Maximum

10.40%

Putnam Managed Municipal Income Trust (PMM) ROE by Quarter and Year

Discovering the peaks and valleys of Putnam Managed Municipal Income Trust ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.43%

Maximum Annual ROE = 10.40%

Minimum Annual Increase = -454.30%

Minimum Annual ROE = -23.24%

Quarterly (TTM)
Annual
YearROEChange
20233.33%-114.35%
2022-23.24%-454.30%
20216.56%315.26%
20201.58%-82.81%
20199.19%1.43%
20180.60%-73.12%
20172.24%-59.81%
20165.57%28.15%
20154.34%-58.25%
201410.40%-429.82%

Putnam Managed Municipal Income Trust (PMM) Average ROE

How has PMM ROE performed in the past?

The current ROE of Putnam Managed Municipal Income Trust (PMM) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-4.45%

5-year avg

-0.52%

10-year avg

2.06%

Putnam Managed Municipal Income Trust (PMM) ROE vs. Peers

How is PMM’s ROE compared to its peers?

Putnam Managed Municipal Income Trust’s ROE is less than MFS Investment Grade Municipal Trust (3.44%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), greater than BlackRock MuniVest Fund II, Inc. (0.06%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than MFS High Income Municipal Trust (6.81%), less than BlackRock MuniVest Fund, Inc. (4.18%), greater than BlackRock MuniYield Quality Fund, Inc. (-0.03%), greater than BlackRock MuniYield Fund, Inc. (-0.01%), greater than BlackRock Municipal Income Fund, Inc. (-0.11%), less than Nuveen Municipal Credit Opportunities Fund (1.29%), less than Invesco Quality Municipal Income Trust (11.68%), less than MFS Municipal Income Trust (4.56%), less than MFS High Yield Municipal Trust (6.05%), less than MFS Government Markets Income Trust (0.49%), less than Putnam Master Intermediate Income Trust (6.13%), less than MFS Multimarket Income Trust (10.84%),

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