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Upturn AI SWOT - About
Putnam Managed Municipal Income Closed Fund (PMM)
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Upturn Advisory Summary
03/06/2025: PMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -2.21% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/06/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 276.46M USD | Price to earnings Ratio 4.27 | 1Y Target Price - |
Price to earnings Ratio 4.27 | 1Y Target Price - | ||
Volume (30-day avg) 136336 | Beta 0.65 | 52 Weeks Range 5.61 - 6.46 | Updated Date 03/27/2025 |
52 Weeks Range 5.61 - 6.46 | Updated Date 03/27/2025 | ||
Dividends yield (FY) 4.61% | Basic EPS (TTM) 1.45 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 348.57% | Operating Margin (TTM) 87.75% |
Management Effectiveness
Return on Assets (TTM) 2.54% | Return on Equity (TTM) 17.36% |
Valuation
Trailing PE 4.27 | Forward PE - | Enterprise Value 387075648 | Price to Sales(TTM) 14.35 |
Enterprise Value 387075648 | Price to Sales(TTM) 14.35 | ||
Enterprise Value to Revenue 5.58 | Enterprise Value to EBITDA - | Shares Outstanding 44662700 | Shares Floating - |
Shares Outstanding 44662700 | Shares Floating - | ||
Percent Insiders 0.01 | Percent Institutions 18.35 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Putnam Managed Municipal Income Closed Fund
Company Overview
History and Background
Putnam Managed Municipal Income Closed Fund (NYSE:PMM) is a closed-end investment fund. While its specific founding date isn't readily available, it's managed by Putnam Investments, a firm established in 1937. It aims to provide current income exempt from federal income tax.
Core Business Areas
- Municipal Bond Investments: Invests primarily in municipal bonds to generate tax-exempt income.
Leadership and Structure
The fund is managed by a team of investment professionals at Putnam Investments. Specific details on leadership beyond the fund management team are not publicly available at the fund level. Putnam Investments is headed by Robert L. Reynolds, President and CEO.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: PMM offers a portfolio of municipal bonds, providing tax-exempt income to investors. Market share data is not directly available for individual closed-end funds, but rather for the broader municipal bond fund market. Competitors include other closed-end municipal bond funds managed by firms like BlackRock, Nuveen, and Eaton Vance.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of issuers, and tax policies. Demand is driven by investors seeking tax-advantaged income.
Positioning
PMM positions itself as a provider of tax-exempt income through a diversified portfolio of municipal bonds. Its competitive advantage lies in Putnam's expertise in fixed income investing.
Total Addressable Market (TAM)
The total US municipal bond market is several trillion dollars. PMM is positioned to capture a portion of this market by providing a fund vehicle to invest in municipal bonds.
Upturn SWOT Analysis
Strengths
- Experienced Management Team (Putnam Investments)
- Tax-Exempt Income
- Diversified Municipal Bond Portfolio
Weaknesses
- Closed-End Fund Structure (potential for trading at a discount to NAV)
- Interest Rate Risk
- Credit Risk of Municipal Bonds
Opportunities
- Increasing Demand for Tax-Exempt Income
- Rising Interest Rate Environment (potentially higher yields)
- Active Management to Enhance Returns
Threats
- Rising Interest Rates (decreasing bond values)
- Economic Downturn (increased credit risk)
- Changes in Tax Laws (reducing attractiveness of municipal bonds)
Competitors and Market Share
Key Competitors
- Nuveen AMT-Free Quality Municipal Income Fund (NEA)
- BlackRock MuniYield Quality Fund II, Inc. (MQT)
- Eaton Vance Municipal Income Trust (EIM)
Competitive Landscape
PMM competes with other closed-end municipal bond funds based on factors such as yield, expense ratio, and management expertise. The fund's performance is dependent on its ability to select high-quality municipal bonds and manage interest rate risk. PMM's strength is Putnam's reputation, weaknesses are the limitations inherent to closed-end funds.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Requires historical data on the fund's net asset value (NAV) and total assets under management (AUM).
Future Projections: Future projections are generally based on analyst estimates for the municipal bond market and the fund's ability to generate income. No readily available data.
Recent Initiatives: Requires reviewing press releases and fund reports for recent strategic initiatives undertaken by Putnam.
Summary
Putnam Managed Municipal Income Closed Fund is a vehicle for investors seeking tax-exempt income through municipal bonds. The Fund benefits from Putnam Investment's experience but faces challenges inherent to closed-end funds, like trading below NAV. Rising interest rates and economic downturns pose significant threats to its performance. The fund needs to carefully manage credit and interest rate risk to maintain its appeal.
Similar Companies
- NEA
- MQT
- EIM
Sources and Disclaimers
Data Sources:
- Putnam Investments Official Website
- SEC Filings
- Financial News Outlets
- Morningstar
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share and competitor information are approximate. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Putnam Managed Municipal Income Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1989-06-30 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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.
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