Equity Active

PPEM Putnam PanAgora ESG Emerging Markets Equity ETF

Systematic strategy. Disciplined, risk-aware quantitative strategy that seeks to invest in emerging-market companies that exhibit positive ESG metrics and offer attractive long-term investment opportunities.
Quantitative alpha model. Seeks to build a well-diversified portfolio by identifying return drivers of companies based on competitive advantage, power among competitors, governance and sustainability.
Experienced investment team. An experienced manager of quantitative investment strategies since 1989.

Overview

See the risks and other important information.

Fund Facts

Fund description

The fund seeks long-term capital appreciation. The fund invests mainly in common stocks (growth or value stocks or both) of emerging markets companies of any size with a focus on companies that the fund's investment manager believes offer attractive benchmark-relative returns and exhibit positive environmental, social and governance (ESG) metrics.

Benchmark: MSCI Emerging Markets Index-NR
Dividend Frequency, if any: Annually
Fund Inception Date: 01/19/2023
Listing Exchange: NYSE Arca

Expenses & Fees

As of 09/01/2025

Gross Expense Ratio⁴: 0.60%
Net Expense Ratio^4,5: 0.60%

Identifiers

Ticker: PPEM
Intraday NAV: PPEM.IV
CUSIP Code: 746729706
ISIN Code: US7467297062
Bloomberg Code: PPEM US

Average Annual Total Returns As of 02/28/2026

View performance section for additional info As of 02/28/2026

Market Price Return

NAV Return

54.55%1 Year
22.66%3 Years
—5 Years
—10 Years
19.36%Since Inception
01/19/2023

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.

Geographic Focus

View portfolio section for additional info

As of 01/31/2026 % of Total (Updated Monthly)

Geographic Focus
China27.08%
Taiwan23.20%
South Korea18.30%
India10.74%
Brazil3.72%

Additional Fund Info

Fiscal Year End: April 30
ETF Type: Active
Morningstar Category⁶: Diversified Emerging Markets

Trading Characteristics

As of 03/09/2026 (Updated Daily)

Shares Outstanding: 800,000
Daily Volume: 75
20-Day Average Volume: 35752.80

Manager and Commentary

About the Team

Franklin Templeton Investment Solutions

Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.

Franklin Templeton Investment Solutions

George D. Mussalli, CFA®

Managed Fund Since

Richard Tan, CFA®

Managed Fund Since

Latest Insights

March 2, 2026

Capturing Conviction: Translating multi-manager fundamental insights into optimization-ready signals for institutional portfolio design

February 6, 2026

Allocation Views: Confidence, not complacency

January 23, 2026

Hedge Fund Strategy Outlook: First quarter 2026

January 21, 2026

From cyclical recovery to structural opportunity—why emerging markets look different this time

Performance

Average Annual Total Returns

As of 02/28/2026

Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.

Month End

Quarter End

As of

Putnam PanAgora ESG Emerging Markets Equity ETF - Market Price Return (%)

Month End

As of 02/28/2026

Putnam PanAgora ESG Emerging Markets Equity ETF - NAV Return (%)

Month End

As of 02/28/2026

MSCI Emerging Markets Index-NR (%)

Month End

As of 02/28/2026

Overall Morningstar Rating: Overall Morningstar Rating: 4 out of 5 stars
As of 02/28/2026

3 Years: 3 Years: 4 out of 5 stars
688 Funds in category

5 Years: —

10 Years: —

Rating Category: Diversified Emerging Markets

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Morningstar Style Box

As of 02/28/2026

Current Historical
			Large
			Medium
			Small
Value	Blend	Growth
Style

Size

Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.

©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio

Assets

As of03/09/2026 (Updated Daily)

Total Net Assets: $15.19 Million

Positions

As of 01/31/2026 (Updated Monthly)

Number of Issuers

Fund: 108

Portfolio Statistics

As of 01/31/2026 (Updated Monthly)

Price to Earnings (12-Month Forward)

Fund: 12.73x

Weighted Average Market Capitalization (USD)

Fund: $353.64 Billion

Price to Book

Fund: 2.34x

Geographic Allocation

As of 01/31/2026 % of Total (Updated Monthly)

Geographic Allocation
Geography	Fund	Benchmark
China	27.08%	26.30%
Taiwan	23.20%	21.00%
South Korea	18.30%	15.65%
India	10.74%	13.34%
Brazil	3.72%	4.57%
South Africa	2.87%	3.30%
Mexico	2.46%	1.95%
United Arab Emirates	2.38%	1.42%
Saudi Arabia	2.12%	2.90%
Poland	1.49%	1.08%
Thailand	1.27%	0.98%
Chile	1.16%	0.59%
Indonesia	1.09%	1.02%
Philippines	0.65%	0.36%
Malaysia	0.65%	1.19%
Czech Republic	0.45%	0.13%
Cash & Other Net Assets	0.36%	—

Holdings
As of 03/09/2026 (Updated Daily)

TAIWAN SEMICONDUCTOR MANU

SK HYNIX INC

SAMSUNG ELECTRONICS CO LT

TENCENT HOLDINGS LTD

DELTA ELECTRONICS INC

GOLD FIELDS LTD-SPONS ADR

HANA FINANCIAL GROUP

POWER GRID CORP OF INDIA

ALIBABA GROUP HOLDING-SP

BHARAT ELECTRONICS LTD

Portfolio holdings are based on total portfolio, and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Any negative allocations or allocations in excess of 100% are primarily due to unsettled trade activities.

Distributions & Tax

Distribution Frequency
Ex-Dividend Fund: This type of fund declares periodic dividends, which are paid to shareholders who own the fund as of a certain date - known as the "record date". After the record date, the fund is said to be trading "ex-dividend"(literally, without the dividend). An investor who buys shares during the interval between the record date and the payment of the dividend does not receive the dividend. A fund that's in the ex-dividend period is marked with an "x" in newspaper listings.

Daily Accrual Fund: This type of fund typically declares income dividends each day that its net asset value is calculated. These dividends remain in the fund until the designated reinvestment or payment date and are distributed to the shareholders, generally once a month, as additional shares or cash, respectively.: AnnuallyThis fund is an ex-Dividend fund
Capital Gain Distributions: December

Proposed 2026 distribution dates for ETFs

Distributions are not guaranteed and are subject to change.

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share
Distributions with future dates are estimates and those figures are not final

02/20/2026

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Pricing

Pricing History

As of 03/09/2026 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 03/09/2026

Share Prices

As of 03/09/2026

NAV ¹(Net Asset Value): $18.98
NAV Change ¹: $0.00
NAV Change (%) ¹: 0.00%
Market Price ¹: $19.61
Market Price Change ¹: $0.36
Market Price Change (%) ¹: 1.84%

52-Week Range

Highest NAV As of 02/12/2026: $30.42
Lowest NAV As of 03/09/2026: $18.98
Highest Market Price As of 02/11/2026: $30.70
Lowest Market Price As of 03/06/2026: $19.25

Premium / Discount

As of 03/09/2026

30-Day Median Bid/Ask Spread: 0.33%
Bid / Ask Spread: $0.10
Avg. of Market Price vs. NAV at Close ⁷: 3.32%

Documents

Fund Literature

Fund Literature
Checkbox	Name	Download	Add to Cart
Checkbox	Factsheet - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Annual Report - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document
Checkbox	Annual Financial Statements and Other Information - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document
Checkbox	Semi-Annual Report - Putnam PanAgora ESG Emerging Markets Equity ETF - Single Class	Download Document
Checkbox	Semi-Annual Financial Statements and Other Information - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document
Checkbox	Prospectus - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document
Checkbox	Summary Prospectus - Putnam PanAgora ESG Emerging Markets Equity ETF	Download Document
Checkbox	Statement of Additional Information -Putnam ETF Trust	Download Document
Checkbox	Fiscal Q1 Holdings - Putnam PanAgora ESG Emerging Markets Equity ETFMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q3 Holdings - Putnam PanAgora ESG Emerging Markets Equity ETFMailed hardcopies unavailable.	Download Document

Risks

All investments involve risks, including possible loss of principal. The managers’ environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. The investment style may become out of favor, which may have a negative impact on performance. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Active management does not ensure gains or protect against market declines. These and other risks are discussed in the fund’s prospectus.

Important Information

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Performance data quoted represents past performance, which does not guarantee future results.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.

Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.

Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.

The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.

Franklin Distributors, LLC. Member FINRA / SIPC . Putnam Investments is a Franklin Templeton company. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

Footnotes

Net Asset Value (NAV) returns are based on the NAV of the ETF/ETP. The fund’s NAV represents the per-share-value and is determined by dividing the total NAV of the fund by the number of shares outstanding; Market Price returns are based upon the official closing price of the ETF’s/ETP's shares. The fund calculates the NAV per share each business day and normally coincides with the close of trading on the exchange on which they are listed, typically 4 pm ET. The fund does not calculate the NAV on days the exchange is closed for trading. These returns do not represent investors’ returns had they traded shares at other times.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics. ©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Premiums or discounts are the differences between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. The since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. The Market Price is determined using the closing price as of 4 pm ET on each trading day (when NAV is normally determined for most funds).
Premium / Discount reflects the difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV.
Capitalization Rate is calculated without the deduction of fees and expenses.

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

Individual Investor

Financial Professional

Institutional Investor

PPEM Putnam PanAgora ESG Emerging Markets Equity ETF

Popular Documents

Overview

Fund description

Expenses & Fees

Identifiers

Geographic Focus

Additional Fund Info

Trading Characteristics

Manager and Commentary

About the Team

Latest Insights

Performance

Average Annual Total Returns

Ratings 3

Portfolio

Geographic Allocation

Distributions & Tax

Pricing

Chart

Daily Fund Prices

Documents

Risks

Important Information

Footnotes

Ratings ³