Putnam Managed Municipal Income Trust (PMM)

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The chart shows the growth of an initial investment of $10,000 in Putnam Managed Municipal Income Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Putnam Managed Municipal Income Trust (PMM) has returned -0.65% so far this year and 5.69% over the past 12 months. Over the last ten years, PMM has returned 2.99% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jun 30, 1989, PMM's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, your investment would double in approximately 15.6 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +16.3%, while the worst month was Dec 2000 at -17.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PMM closed higher 43% of trading days. The best single day was Nov 12, 1998 with a return of +8.7%, while the worst single day was Dec 8, 2000 at -15.2%.

Putnam Managed Municipal Income Trust has an annualized alpha of 3.47%, beta of 0.14, and R² of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 03, 1989.

• This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.10%) than losses (19.64%) — typical of diversified or defensive assets.
• Beta of 0.14 may look defensive, but with R² of 0.03 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R² of 0.03 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PMM ranks 53 for risk / return — on par with similar stocks. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Putnam Managed Municipal Income Trust (PMM) and compare them to a chosen benchmark (S&P 500 Index).

Putnam Managed Municipal Income Trust provided a 5.13% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

The table displays the monthly dividend distributions for Putnam Managed Municipal Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Putnam Managed Municipal Income Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Putnam Managed Municipal Income Trust was 38.66%, occurring on Dec 12, 2008. Recovery took 204 trading sessions.

The current Putnam Managed Municipal Income Trust drawdown is 13.91%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Putnam Managed Municipal Income Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Putnam Managed Municipal Income Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.