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Upturn AI Summary - About
Putnam Managed Municipal Income Closed Fund(PMM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PMM
11/13/2026: PMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Putnam Managed Municipal Income Closed Fund is a closed-end investment company that primarily provides tax-exempt income through a diversified portfolio of municipal bonds. The fund is well-regarded for its active management approach and focus on high-quality municipal credit, which helps serve investors seeking tax-efficient yield. Its primary growth story revolves around consistent income distribution rather than capital appreciation. Risks include interest rate sensitivity, the potential for market price discounts to Net Asset Value, and the inherent volatility associated with leveraged closed-end funds. This vehicle is best suited for income-focused investors in higher tax brackets who are comfortable with the unique dynamics of the closed-end fund structure.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund is designed for income generation rather than capital appreciation. |
| Momentum investor | Weak fit | Municipal bond funds generally lack the volatility and momentum characteristics favored by this strategy. |
| Value investor | Mixed fit | Investors may find value when the fund trades at a significant discount to its NAV. |
| Dividend investor | Strong fit | The fund's primary objective is to provide consistent, tax-advantaged income. |
| Low-risk investor | Mixed fit | While municipal bonds are generally stable, the use of leverage and market volatility can introduce price risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Changes in interest rates directly impact the market price of the bond portfolio. |
| Valuation risk | Medium | Closed-end funds often trade at premiums or discounts to their net asset value. |
| Competition risk (Fixed Income) | Medium | The fund competes with numerous other income-focused investment vehicles for capital. |
| Business quality | Medium | The performance is linked to the credit quality of the municipal issuers in the portfolio. |
| Dividend income | Medium | Distributions depend on the interest income generated by the underlying holdings. |
| Execution risk | Low | The investment adviser's ability to manage duration and credit risk effectively is central to performance. |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 264.71M USD | Price to earnings Ratio 11.44 | 1Y Target Price - |
Price to earnings Ratio 11.44 | 1Y Target Price - | ||
Volume (30-day avg) 149.5K shares | Beta 0.75 | 52 Weeks Range 5.36 - 6.65 | Updated Date 11/13/2026 |
52 Weeks Range 5.36 - 6.65 | Updated Date 11/13/2026 | ||
Dividends yield (FY) 4.85% | Basic EPS (TTM) 0.54 |
Sector & Industry Intelligence
Sector
Financial Services
Constructive- Sentiment
- Bullish
- Momentum
- BUY Breadth Improving
- BUY participation
- 50.4%
- Active BUY / eligible
- 61 / 121
- 30-Day BUY Count Change
- +45
- Market state
- Bullish
More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.
Industry
Asset Management
- BUY participation
- 52.9%
- Active BUY / eligible
- 9 / 17
- 30-Day BUY Count Change
- +3
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 11% | Avg. Invested days 56 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management | Income from interest on municipal bonds and capital gains from active portfolio trading. | The fund generates income from interest payments made by municipal bond issuers, which is then passed to shareholders. |
Valuation
Trailing PE 11.44 | Forward PE - | Enterprise Value 387.08M | Price to Sales(TTM) 13.41 |
Enterprise Value 387.08M | Price to Sales(TTM) 13.41 | ||
Enterprise Value to Revenue 13.19 | Enterprise Value to EBITDA - | Shares Outstanding 42.83M | Shares Floating - |
Shares Outstanding 42.83M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 23.41 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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