Franklin Managed Municipal Income Trust (PMM) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in Franklin Managed Municipal Income Trust (PMM) ten years ago, at the end of Oct 2016, was worth $14,183 at the end of Oct 2026 with every dividend reinvested: 3.6% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $27,094 reinvested (5.4% a year), or $20,097 taking the dividends as cash, $11,013 of it paid out along the way.
PMM became
$27,094
S&P 500: $72,756
Return a year
5.4%
S&P 500: 11.1%
Payouts reinvested
$19,783
bought more shares
Worst drop
-35.1%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | PMM total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +6.0% | $1,225 | +11.7% |
| 2025 | +10.5% | $1,230 | +17.7% |
| 2024 | +2.9% | $1,085 | +24.9% |
| 2023 | +1.9% | $1,115 | +26.2% |
| 2022 | −24.1% | $1,306 | −18.2% |
| 2021 | +13.7% | $1,236 | +28.7% |
| 2020 | +6.2% | $1,181 | +18.3% |
| 2019 | +25.1% | $1,148 | +31.2% |
| 2018 | −4.5% | $1,020 | −4.6% |
| 2017 | +10.6% | $1,053 | +21.7% |
| 2016 | +1.4% | $1,044 | +12.0% |
| 2015 | +8.0% | $1,056 | +1.2% |
| 2014 | +16.5% | $1,017 | +13.5% |
| 2013 | −12.3% | $936 | +32.3% |
| 2012 | +14.4% | $927 | +16.0% |
| 2011 | +16.4% | $981 | +1.9% |
| 2010 | +11.7% | $904 | +15.1% |
| 2009 | +41.4% | $705 | +26.4% |
| 2008 | −22.6% | $614 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: PMM total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Franklin Managed Municipal Income Trust (PMM) at the end of Dec 2007, with dividends reinvested, was worth $27,094 at the end of Oct 2026: 5.4% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, PMM turned $10,000 into $14,183 with dividends reinvested, 3.6% a year.
- Over the 5 years to Oct 2026, PMM returned -0.0% a year with dividends reinvested (S&P 500: 12.0%).
- Taking PMM's dividends as cash instead of reinvesting them, the same $10,000 ended at $20,097, including $11,013 of cash received; reinvesting added $6,998.
- PMM's best calendar year in that time was 2009 (41.4%) and its worst 2022 (-24.1%), with dividends reinvested.
Cite this page
SmarterDividends, "Franklin Managed Municipal Income Trust (PMM) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/PMM/total-return
PMM total return questions
If I invested $10,000 in PMM 10 years ago, how much would I have?
About $14,183 at the end of Oct 2026, with every dividend reinvested: 3.6% a year. Taking them as cash, you'd have shares worth $8,476 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is PMM's total return since Dec 2007?
171% in total, or 5.4% a year, through Oct 2026 with dividends reinvested. The share price alone fell 9%.
How much of PMM's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $6,998 better off on a $10,000 start.
What was PMM's worst year?
2022, at -24.1% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -35.1%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.