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PPIE Putnam PanAgora ESG International Equity ETF

Systematic strategy. Disciplined, risk-aware quantitative strategy that seeks to invest in developed-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 companies of any size outside the United States 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 EAFE 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 Ratio³: 0.49%
Net Expense Ratio^3,4: 0.49%

Identifiers

Ticker: PPIE
Intraday NAV: PPIE.IV
CUSIP Code: 746729870
ISIN Code: US7467298706
Bloomberg Code: PPIE US

Average Annual Total Returns As of 10/31/2025

View performance section for additional info As of 10/31/2025

Market Price Return

NAV Return

26.37%1 Year
—3 Years
—5 Years
—10 Years
16.92%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 10/31/2025 % of Total (Updated Monthly)

Geographic Focus
Japan22.85%
United Kingdom14.97%
France12.28%
Switzerland8.42%
Germany7.64%

Additional Fund Info

Fiscal Year End: April 30
ETF Type: Active
Morningstar Category⁵: Foreign Large Blend

Trading Characteristics

As of 11/26/2025 (Updated Daily)

Shares Outstanding: 9,575,000
Daily Volume: 12,293
20-Day Average Volume: 6533.75

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

November 7, 2025

Allocation Views: Measured conviction

October 13, 2025

Hedge Fund Strategy Outlook: Fourth quarter 2025

July 17, 2025

Hedge Fund Strategy Outlook: Third quarter 2025

July 10, 2025

The “Big Beautiful Bill:” Beauty is in the eye of the bondholder

Performance

Average Annual Total Returns

As of 10/31/2025

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 International Equity ETF - Market Price Return (%)

Month End

As of 10/31/2025

Putnam PanAgora ESG International Equity ETF - NAV Return (%)

Month End

As of 10/31/2025

MSCI EAFE Index-NR (%)

Month End

As of 10/31/2025

Portfolio

Assets

As of11/26/2025 (Updated Daily)

Total Net Assets: $271.69 Million

Positions

As of 10/31/2025 (Updated Monthly)

Number of Issuers

Fund: 122

Portfolio Statistics

As of 10/31/2025 (Updated Monthly)

Weighted Average Market Capitalization (USD)

Fund: $89.24 Billion

Price to Earnings (12-Month Forward)

Fund: 14.34x

Price to Book

Fund: 2.22x

Geographic Allocation

As of 10/31/2025 % of Total (Updated Monthly)

Geographic Allocation
Geography	Fund	Benchmark
Japan	22.85%	22.82%
United Kingdom	14.97%	14.60%
France	12.28%	10.85%
Switzerland	8.42%	9.20%
Germany	7.64%	9.50%
Italy	6.19%	3.25%
Australia	5.45%	6.60%
Netherlands	4.68%	4.70%
Sweden	3.20%	3.64%
Finland	2.29%	1.14%
Singapore	2.24%	1.73%
Spain	1.64%	3.60%
Denmark	1.28%	1.82%
Ireland	1.16%	0.56%
Hong Kong	1.11%	2.05%
Norway	1.07%	0.56%
China	0.88%	0.49%
Canada	0.80%	—
Portugal	0.49%	0.20%
Israel	0.44%	1.06%
United States	0.29%	0.13%
Cash & Other Net Assets	0.63%	—

Holdings
As of 11/26/2025 (Updated Daily)

SONY GROUP CORP

NOVARTIS AG-REG

ASML HOLDING NV-NY REG SH

NEC CORP

INTESA SANPAOLO

TESCO PLC

VINCI SA

ITOCHU CORP

3I GROUP PLC

SHELL PLC

Distributions & Tax

Federal ID Number 88-3683730

For information on tax years prior to 2008, please contact us

These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.

Distributions per Share ($)

Year

Tax Information
Record Date	Ordinary Dividends Dividends paid by a fund that are derived from interest, dividends, net short-term capital gains and other types of ordinary income earned by the fund. For a fund that elects to pass through its foreign taxes paid (a non-cash item), a shareholder's allotted share of foreign taxes has been added to the “Ordinary Dividends” cash distributions received by the shareholder. If the fund passed through foreign taxes paid and later is refunded any portion of those taxes by a foreign tax authority, any interest paid to the fund on that refund is also required to be included in “Ordinary Dividends”.	Qualified Dividends The portion of a fund’s “Ordinary Dividends” that may be eligible for a reduced capital gain tax rate. To be eligible for the lower tax rates, certain holding periods apply and shareholders should consult their tax advisor to determine the amount eligible for the reduced rate. This amount represents both cash distributions and non-cash amounts, such as foreign taxes paid, that have been allocated to shareholders.	Capital Gain Distributions	Unrecaptured Section 1250 Gain	Non-Taxable Return Of Capital	Section 199a Dividends The portion of a fund’s “Ordinary Dividends” generated by a real estate investment trust or earned by a fund from its investments in real estate investment trusts, subject to limitations. Individual (non-corporate) shareholders may be entitled to a special deduction from gross income for “Section 199A Dividends” received from a fund. To qualify for this deduction certain holding periods apply and shareholders should consult their tax advisor.	Foreign Tax Paid	Exempt Interest Dividends	Interest on Tax Reclaim Refunds
Dec 27	0.860631	0.547103	0.3166	—	—	—	0.047631	—	—
	0.860631	0.547103	0.3166	—	—	—	0.047631	—	—

Dec 27

Supplemental Tax Information

Foreign Source Income: 57.69%
Foreign Source Qualified Dividends: 52.76%
Direct U.S. Government Obligations The portion of “Ordinary Dividends” attributable to earnings from US Treasury and certain other government securities may be categorized as a fund containing US government obligations. This income may be exempt from state personal income taxes. The percentage for direct US government obligation interests available for tax-exempt treatment may be limited in states that require the fund to meet certain minimum thresholds. Shareholders should consult their tax advisor to determine the availability of exemptions in their state.: —
Specified Private Activity Bond Interest: —
Dividends Received Deduction: —
Section 163(j): —
Indiana Resident Taxable Income: —
Utah Resident Taxable Income The portion of “Exempt-Interest Dividends” subject to Utah income tax. Subject to certain exceptions, the state of Utah provides that income earned from non-federal government entities outside of Utah (non-Utah municipal bonds) is taxable to Utah resident shareholders. Income earned from states that do not tax Utah obligations are also exempt. Shareholders should consult their tax advisor about applicability.: —

Franklin Templeton and its specialized investment managers 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. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

Pricing History

As of 11/26/2025 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 11/26/2025

Share Prices

As of 11/26/2025

NAV ¹(Net Asset Value): $28.37
NAV Change ¹: $0.00
NAV Change (%) ¹: 0.00%
Market Price ¹: $28.49
Market Price Change ¹: $0.34
Market Price Change (%) ¹: 1.19%

52-Week Range

Highest NAV As of 11/12/2025: $29.06
Lowest NAV As of 04/07/2025: $21.05
Highest Market Price As of 11/12/2025: $29.09
Lowest Market Price As of 04/07/2025: $21.05

Premium / Discount

As of 11/26/2025

30-Day Median Bid/Ask Spread: 0.22%
Bid / Ask Spread: $0.17
Avg. of Market Price vs. NAV at Close ⁶: 0.42%

Documents

Fund Literature

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

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Annual Report - Putnam PanAgora ESG International Equity ETF	Download Document
Checkbox	Annual Financial Statements and Other Information - Putnam PanAgora ESG International Equity ETF	Download Document
Checkbox	Semi-Annual Report - Putnam Panagora ESG International Equity ETF - Single Class	Download Document
Checkbox	Semi-Annual Financial Statements and Other Information - Putnam PanAgora ESG International Equity ETF	Download Document
Checkbox	Prospectus - Putnam PanAgora ESG International Equity ETF	Download Document
Checkbox	Summary Prospectus - Putnam PanAgora ESG International Equity ETF	Download Document
Checkbox	Statement of Additional Information -Putnam ETF Trust	Download Document
Checkbox	Fiscal Q1 Holdings - Putnam PanAgora ESG International Equity ETFMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q3 Holdings - Putnam PanAgora ESG International 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. There is no assurance that the quantitative methodology used will achieve its intended results. 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

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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 EAFE Index is a free float-adjusted market capitalization-weighted index designed to measure developed market equity performance, excluding the U.S. and Canada.
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.

Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

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.
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.
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.
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.

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PPIE Putnam PanAgora ESG International 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

Portfolio

Geographic Allocation

Distributions & Tax

Federal ID Number 88-3683730

Pricing

Chart

Daily Fund Prices

Documents

Risks

Important Information

Footnotes