PMO - Franklin Municipal Opportunities Trust

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. July 22, 2026

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Franklin Advisers, Inc. Part of the Franklin Templeton Group of Funds fund family. As of April 30, 2026, from the fund's yearly report. Original document →
• Size: about $310 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 8% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 100% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.6% a year in management fees; 1% a year in total, including interest on borrowed money. Fiscal year ended April 30, 2026. As of April 30, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year the fund told the regulator that part of what it paid out was not income (it came from gains or from your own money back). As of April 30, 2026, from the fund's yearly report. Original document →
• Value of holdings per share at the last fiscal year end (April 30, 2026): $11.32. The shares traded at $10.37, about 8.4% below that. As of April 30, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 0.8% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +8.2%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Mostly tax-free municipal bonds (96%), the rest other holdings. About 99% issued in the U.S.

1. Putnam Short Term Investment Fund class P shares - 5%
2. Metropolitan Pier & Exposition Authority, Series 2002 A - 3.3%
3. Texas Transportation Finance Corp., Series 2025 A - 5.3%
4. Metropolitan Transportation Authority, Series 2024 A - 2.8%
5. Commonwealth of Massachusetts, Series 2024 B - 2.6%
6. City of Miami FL, City of Miami, Series 2024 A - 2.2%
7. San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C - 2.1%
8. King County Public Hospital District No. 2 - 2.1%
9. Alaska Industrial Development & Export Authority - 1.8%
10. Allegheny County Airport Authority, Series 2023 A - 1.7%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →