PMM · NYSE · Closed-end fund
Franklin Managed Municipal Income Trust (PMM) Price, Holdings & Fees
Franklin Managed Municipal Income Trust (PMM) closed at $533.83 on Oct 9, 2026, up 0.98% from the previous close of $528.67.
Share price, past year
1Y +13.70%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $533.83 |
| Sep 30, 2026 | $510.14 |
| Aug 31, 2026 | $512.01 |
| Jul 31, 2026 | $535.58 |
| Jun 30, 2026 | $537.99 |
| May 29, 2026 | $524.80 |
| Apr 30, 2026 | $547.88 |
| Mar 31, 2026 | $531.07 |
| Feb 27, 2026 | $530.94 |
| Jan 30, 2026 | $510.39 |
| Dec 31, 2025 | $503.58 |
| Nov 28, 2025 | $479.78 |
| Oct 31, 2025 | $483.52 |
Key statistics
- Expense ratio
- 1.13%
- as of Oct 2, 2026
- Net assets
- $280.6M
- as of Jul 31, 2026
- Holdings
- 425
- as of Jul 31, 2026
- 52-week range
- $458.17 – $563.16
Franklin Managed Municipal Income Trust's expense ratio is 1.13%: $113.00 a year on $10,000 invested.
Holdings
Franklin Managed Municipal Income Trust held 425 investments worth $280.63M as of Jul 31, 2026. Its largest holding was Texas Transportation Finance Corp., at 2.66% of the fund.
| # | Holding | % of fund | Value |
|---|---|---|---|
| 1 | Texas Transportation Finance Corp. | 2.66% | $7.47M |
| 2 | Dallas Area Rapid Transit | 2.56% | $7.18M |
| 3 | District of Columbia | 2.49% | $6.99M |
| 4 | San Francisco City & County Airport Comm-San Francisco International Airport | 2.34% | $6.58M |
| 5 | West Virginia Hospital Finance Authority | 2.00% | $5.60M |
| 6 | City of Miami FL | 1.90% | $5.33M |
| 7 | CSCDA Community Improvement Authority | 1.85% | $5.19M |
| 8 | Washington Metropolitan Area Transit Authority Dedicated Revenue | 1.81% | $5.08M |
| 9 | South Carolina Public Service Authority | 1.77% | $4.96M |
| 10 | Health & Educational Facilities Authority of the State of Missouri | 1.76% | $4.94M |
| 11 | Alaska Industrial Development & Export Authority | 1.68% | $4.71M |
| 12 | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 1.59% | $4.47M |
| 13 | New York Transportation Development Corp. | 1.50% | $4.20M |
| 14 | Coweta County Development Authority | 1.45% | $4.07M |
| 15 | South Carolina Public Service Authority | 1.35% | $3.79M |
| 16 | Wisconsin Health & Educational Facilities Authority | 1.34% | $3.75M |
| 17 | City of Detroit MI | 1.30% | $3.66M |
| 18 | Chicago O'Hare International Airport | 1.29% | $3.61M |
| 19 | Pontiac School District | 1.27% | $3.56M |
| 20 | Harbor Point Infrastructure Improvement District | 1.25% | $3.52M |
| 21 | Pontiac School District | 1.19% | $3.33M |
| 22 | Grays Harbor County Public Hospital District No. 1 | 1.15% | $3.23M |
| 23 | Commonwealth of Puerto Rico | 1.13% | $3.18M |
| 24 | New York Liberty Development Corp. | 1.03% | $2.90M |
| 25 | Putnam Short Term Investment Fund | 1.02% | $2.86M |
Top 25 of 425 holdings, as of Jul 31, 2026. Percentages are of the fund's net assets.
What the fund owns
| Asset type | % of fund |
|---|---|
| Bonds and other debt | 140.11% |
| Other | 1.02% |
| Country | % of fund |
|---|---|
| United States | 137.25% |
| Puerto Rico | 3.88% |
Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.
Monthly total returns
Over the 3 months to Jul 31, 2026, Franklin Managed Municipal Income Trust's total return was −0.87%, as reported to the SEC.
| Month | Total return |
|---|---|
| Jul 31, 2026 | −3.33% |
| Jun 30, 2026 | +1.53% |
| May 31, 2026 | +1.00% |
The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.
Fund profile
- Name
- Franklin Managed Municipal Income Trust
- Ticker
- PMM
- Exchange
- NYSE
- Fund type
- Closed-end fund
- Trust
- FRANKLIN MANAGED MUNICIPAL INCOME TRUST
- SEC CIK
- 0000844790
- Fractional shares
- Yes
Recent SEC filings
- Sep 25, 2026
- Aug 6, 2026
- Jun 26, 2026
- Dec 30, 2025
- Jun 27, 2025
- Dec 27, 2024
- Jun 26, 2024
- Dec 27, 2023
Frequently asked questions
What is PMM's price?
Franklin Managed Municipal Income Trust (PMM) closed at $533.83 on Oct 9, 2026, up 0.98% from the previous close of $528.67.
What is PMM's expense ratio?
Franklin Managed Municipal Income Trust's expense ratio is 1.13%: $113.00 a year on $10,000 invested.
What does PMM hold?
Franklin Managed Municipal Income Trust held 425 investments worth $280.63M as of Jul 31, 2026. Its largest holding was Texas Transportation Finance Corp., at 2.66% of the fund. Its five largest holdings were Texas Transportation Finance Corp., Dallas Area Rapid Transit, District of Columbia, San Francisco City & County Airport Comm-San Francisco International Airport, West Virginia Hospital Finance Authority.
How has PMM performed?
Over the 3 months to Jul 31, 2026, Franklin Managed Municipal Income Trust's total return was −0.87%, as reported to the SEC.
Sources and methodology
Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jul 31, 2026 (filed Sep 25, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Oct 2, 2026. Prices are generated sample data for development. Data sources and disclosures