Franklin Municipal Opportunities Trust

Frequently Asked Questions About PMO

What does PMO invest in?

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors. Putnam Municipal Opportunities Trust was formed in 1993 and is domiciled in United States.

What is the expense ratio of PMO?

Franklin Municipal Opportunities Trust (PMO) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

What is PMO's dividend yield?

PMO's trailing-twelve-month yield is 4.95%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PMO?

Effective duration measures PMO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PMO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PMO?

PMO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PMO?

Yield to maturity (YTM) is the total return you'd earn from PMO if every bond in the portfolio is held to maturity at the current price. PMO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.