<SEC-DOCUMENT>0001752724-25-153720.txt : 20250624
<SEC-HEADER>0001752724-25-153720.hdr.sgml : 20250624
<ACCEPTANCE-DATETIME>20250624155324
ACCESSION NUMBER:		0001752724-25-153720
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250430
FILED AS OF DATE:		20250624
DATE AS OF CHANGE:		20250624
PERIOD START:           	20250430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		ORGANIZATION NAME:           	
		EIN:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		251068680

	BUSINESS ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		100 FEDERAL STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-02-01</maturityDt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tangipahoa Parish Hospital Service District No. 1</name>
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          <isin value="US875518FC19"/>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Health and Education Facilities Authority Act</name>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lakewood Ranch Stewardship District</name>
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          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>6.30000000</annualizedRt>
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      <invstOrSec>
        <name>Uptown Development Authority</name>
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          <isin value="US916856HT77"/>
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        <balance>750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542YBG08"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Structured Pass-Through Certificates</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>County of Lincoln SD</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Series 2025</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2024-1, Class B-1</title>
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      <invstOrSec>
        <name>Love Field Airport Modernization Corp.</name>
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        <title>Love Field Airport Modernization Corp., Series 2015</title>
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          <isin value="US54714CAT45"/>
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        <valUSD>1001375.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
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        <name>Salem Hospital Facility Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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        <name>DeKalb County Housing Authority</name>
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        <balance>5000000.00000000</balance>
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        <valUSD>4872060.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <title>Wisconsin Health &amp; Educational Facilities Authority, Series 2024 A</title>
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          <isin value="US97712JKM44"/>
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          <maturityDt>2054-02-15</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US187145SA66"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US88277PBB04"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>State of Hawaii Harbor System Revenue</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Public Finance Authority</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>South Jersey Transportation Authority</name>
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        <name>Sterling Ranch Community Authority Board</name>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Village Community Development District No. 15</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>District of Columbia</name>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>State of Michigan Trunk Line Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Texas Public Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>Suffolk Regional Off-Track Betting Co.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
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        <name>Gainesville &amp; Hall County Hospital Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>City of Las Vegas NV Special Improvement District No. 818</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Austin-Bergstrom Landhost Enterprises, Inc.</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>County of Montgomery OH</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Bucks County Water and Sewer Authority</name>
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        <name>Matagorda County Navigation District No. 1</name>
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        <name>Austin-Bergstrom Landhost Enterprises, Inc.</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>City of Los Angeles CA Community Facilities District</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Passaic County Improvement Authority (The)</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Halifax Hospital Medical Center</name>
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        <name>Clackamas County Hospital Facility Authority</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palermo Community Development District</name>
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        <name>Salt Verde Financial Corp.</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>City of Gaithersburg MD</name>
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        <name>King County Public Hospital District No. 1</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>Texas Public Finance Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
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        <name>City of Long Beach CA Airport System Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2037-01-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-02</maturityDt>
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        <name>North Carolina Medical Care Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Pinellas County Industrial Development Authority</name>
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        <name>New York Counties Tobacco Trust VI</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>City of Las Vegas NV Special Improvement District No. 816</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Central Texas Turnpike System</name>
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        <name>Public Finance Authority</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>New Hampshire Business Finance Authority</name>
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          <maturityDt>2046-08-15</maturityDt>
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        <name>Putnam Funds Trust</name>
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        <name>Harbor Point Infrastructure Improvement District</name>
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        <name>Empire State Development Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Regional Transportation District</name>
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        <name>Pontiac School District</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Capital Trust Authority</name>
        <lei>N/A</lei>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Houston Higher Education Finance Corp.</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>Texas Community Housing &amp; Economic Development Corp.</name>
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        <name>District of Columbia</name>
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      <invstOrSec>
        <name>Mida Mountain Village Public Infrastructure District</name>
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        <name>Allegheny County Airport Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Grays Harbor County Public Hospital District No. 1</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>District of Columbia</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>City of Chicago IL</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Chicago Board of Education</name>
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        <name>Alaska Industrial Development &amp; Export Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Village Community Development District No. 15</name>
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        <name>City of Long Beach CA Airport System Revenue</name>
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        <name>Public Finance Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>Illinois Finance Authority</name>
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        <name>Silver Creek School Building Corp.</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 207th</title>
        <cusip>73358WR97</cusip>
        <identifiers>
          <isin value="US73358WR978"/>
          <other otherDesc="Inhouse Asset ID" value="1303901"/>
        </identifiers>
        <balance>2925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989194.68000000</valUSD>
        <pctVal>0.974419190158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>Harris County Cultural Education Facilities Finance Corp., Series 2013 A</title>
        <cusip>414009FA3</cusip>
        <identifiers>
          <isin value="US414009FA31"/>
          <other otherDesc="Inhouse Asset ID" value="1295317"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>769505.20000000</valUSD>
        <pctVal>0.250843693394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woodcreek Community Development District</name>
        <lei>N/A</lei>
        <title>Woodcreek Community Development District, Series 2025</title>
        <cusip>97925TAG9</cusip>
        <identifiers>
          <isin value="US97925TAG94"/>
          <other otherDesc="Inhouse Asset ID" value="1447770"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187818.80000000</valUSD>
        <pctVal>0.061225267198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Board, Series 2020 A</title>
        <cusip>592041YV3</cusip>
        <identifiers>
          <isin value="US592041YV36"/>
          <other otherDesc="Inhouse Asset ID" value="1121126"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1659219.53000000</valUSD>
        <pctVal>0.540873219644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2024 E</title>
        <cusip>57582TAR3</cusip>
        <identifiers>
          <isin value="US57582TAR32"/>
          <other otherDesc="Inhouse Asset ID" value="1416209"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3362444.80000000</valUSD>
        <pctVal>1.096091452620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2018 A</title>
        <cusip>167593K92</cusip>
        <identifiers>
          <isin value="US167593K926"/>
          <other otherDesc="Inhouse Asset ID" value="1293314"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305034.33000000</valUSD>
        <pctVal>0.099435244816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Series 2015</title>
        <cusip>57584XCF6</cusip>
        <identifiers>
          <isin value="US57584XCF69"/>
          <other otherDesc="Inhouse Asset ID" value="1293639"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999994.00000000</valUSD>
        <pctVal>0.325978548725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Authority for Colorado Energy</name>
        <lei>549300C6IJKXQOMRAB11</lei>
        <title>Public Authority for Colorado Energy, Series 2008</title>
        <cusip>744387AD3</cusip>
        <identifiers>
          <isin value="US744387AD35"/>
          <other otherDesc="Inhouse Asset ID" value="422377"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2629261.13000000</valUSD>
        <pctVal>0.857087869903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lancaster County Hospital Authority/PA</name>
        <lei>N/A</lei>
        <title>Lancaster County Hospital Authority, Series 2019 A</title>
        <cusip>51404PAJ8</cusip>
        <identifiers>
          <isin value="US51404PAJ84"/>
          <other otherDesc="Inhouse Asset ID" value="1293567"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>891758.10000000</valUSD>
        <pctVal>0.290695755426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Town of Providence Village TX</name>
        <lei>N/A</lei>
        <title>Town of Providence Village, Series 2025</title>
        <cusip>743816AG5</cusip>
        <identifiers>
          <isin value="US743816AG50"/>
          <other otherDesc="Inhouse Asset ID" value="1446616"/>
        </identifiers>
        <balance>385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360909.66000000</valUSD>
        <pctVal>0.117649513084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Series 2016 B</title>
        <cusip>187145GE1</cusip>
        <identifiers>
          <isin value="US187145GE17"/>
          <other otherDesc="Inhouse Asset ID" value="1293625"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304879.53000000</valUSD>
        <pctVal>0.099384783034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uptown Development Authority</name>
        <lei>N/A</lei>
        <title>Uptown Development Authority, Series 2021</title>
        <cusip>916856HS9</cusip>
        <identifiers>
          <isin value="US916856HS94"/>
          <other otherDesc="Inhouse Asset ID" value="1293963"/>
        </identifiers>
        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554238.58000000</valUSD>
        <pctVal>0.180670971981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>Port of Seattle, Series 2022 B</title>
        <cusip>735389V62</cusip>
        <identifiers>
          <isin value="US735389V622"/>
          <other otherDesc="Inhouse Asset ID" value="1295332"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1031467.40000000</valUSD>
        <pctVal>0.336238263538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp., Series 2020 I-1</title>
        <cusip>64972ETS8</cusip>
        <identifiers>
          <isin value="US64972ETS80"/>
          <other otherDesc="Inhouse Asset ID" value="1128787"/>
        </identifiers>
        <balance>2025000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377411.28000000</valUSD>
        <pctVal>0.449009224107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Putnam Municipal Opportunities Trust</ncom:nameOfApplicant>
      <ncom:signature>Chris Berarducci</ncom:signature>
      <ncom:signerName>Chris Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
