PUTNAM MANAGED MUNICIPAL INCOME TRUST

Putnam Municipal Opportunities Trust is a closed-ended fixed income mutual fund. It is managed by Putnam Investment Management, LLC, with co-management by Putnam Investments Limited. The fund invests in the fixed income markets within the United States. Its investments are focused on companies operating in the healthcare, utilities, transportation, water and sewer, and housing sectors. Putnam Municipal Opportunities Trust was established in 1993 and is based in the United States.