PMM

The Putnam Managed Municipal Income Trust operates as a closed-end investment vehicle specializing in fixed-income assets. It is primarily managed by Putnam Investment Management LLC, with additional oversight provided by Putnam Investments Limited. This trust allocates its capital specifically within the United States' debt securities markets. Its portfolio predominantly comprises a diverse array of tax-exempt municipal bonds, even incorporating high-yield municipal securities deemed below investment grade. To gauge its effectiveness, the fund's returns are benchmarked against the Barclays Municipal Bond Index. Established on February 24, 1989, this U.S.-domiciled trust.