Fixed Income Active

PULT Putnam ESG Ultra Short ETF

  • A broader opportunity set. Invests in a diversified portfolio composed of short-duration, investment-grade money market and other fixed income securities with the potential to offer higher income than other short-term investments.
  • Active risk management. Seeks to manage risk with an active process in today’s complex bond market, with the goal of attractive risk-adjusted performance over time.
  • Integrated ESG approach. Incorporates consideration of material environmental, social and governance (ESG) issues that managers view as additive to the fundamental understanding of each issuer.

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NAV 1 $0.00(0.00%)
$50.60
As of 11/07/2025
YTD Total Returns At NAV 2
4.33%
As of 11/07/2025
Total Net Assets
$198.62M
As of 11/07/2025 (Updated Daily)

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Overview

Fund Facts

Fund description

The fund seeks as high a rate of current income that the fund's investment manager believes is consistent with preservation of capital and maintenance of liquidity. The fund invests in a diversified short duration portfolio of fixed-income securities comprised of investment-grade money market and other fixed-income securities, including U.S. dollar-denominated foreign securities of these types, with a focus on companies or issuers that the fund's investment manager believes meet relevant environmental, social or governance (ESG) criteria on a sector-specific basis.

Benchmark
ICE BofA U.S. Treasury Bill Index
Fund Inception Date
01/19/2023
Listing Exchange
NYSE Arca
Dividend Frequency, if any
Monthly
Distribution Rate at NAV 3 (Updated Daily)
—
30-Day SEC Yield—With Waiver 4,5,6As of 09/30/2025 (Updated Monthly)
4.25%
30-Day SEC Yield—Without Waiver 4,6As of 09/30/2025 (Updated Monthly)
4.25%

Expenses & Fees

As of 09/01/2025
Gross Expense Ratio7
0.25%
Net Expense Ratio7,8
0.25%

Identifiers

Ticker
PULT
Intraday NAV
PULT.IV
CUSIP Code
746729854
ISIN Code
US7467298540
Bloomberg Code
PULT US

Average Annual Total Returns

View performance section for additional info As of 09/30/2025
  • 4.58%1 Year
  • —3 Years
  • —5 Years
  • —10 Years
  • 5.53%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.

Top Sectors

View portfolio section for additional info

As of 09/30/2025 % of Total (Updated Monthly)

Banks40.39%
Consumer Discretionary10.49%
Insurance6.16%
Capital Markets5.30%
Real Estate5.28%

Additional Fund Info

Fiscal Year End
April 30
ETF Type
Active
Morningstar Category
Ultrashort Bond

Trading Characteristics

As of 11/07/2025 (Updated Daily)
Shares Outstanding
3,925,000
Daily Volume
15,435
20-Day Average Volume
27074.80

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Manager and Commentary

About the Team

Franklin Templeton Fixed Income

Franklin Templeton Fixed Income is a fixed income specialist with a measured "no surprises" approach that is committed to the goal of delivering clients consistent, predictable fixed income results. We pursue dimensional sources of potential alpha across all global fixed income securities, sectors, and markets.

Franklin Templeton Fixed Income
[Joanne M Driscolls avatar]

Managed Fund Since 2023

[Andrew C Bensons avatar]

Managed Fund Since 2023

[Michael J Limas avatar]

Managed Fund Since 2023

Portfolio Manager Profile
Years of Experience
Manager Location

Latest Insights

October 30, 2025

On My Mind: Dancing in the dark

October 28, 2025

Flash Insights: New York (City) state of mind—NYC mayoral election

October 9, 2025

Central Bank Watch: Measured moves

September 22, 2025

On My Mind: The risky business of risk management

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Performance

Calendar Year Returns

As of 09/30/2025

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.

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 5.29 to 5.92.
End of interactive chart.
Putnam ESG Ultra Short ETF - Market Price Return (%)
Putnam ESG Ultra Short ETF - NAV Return (%)
ICE BofA U.S. Treasury Bill Index (%)
Skipped to Portfolio Section Content

Portfolio

Assets

As of11/07/2025 (Updated Daily)

Total Net Assets
$198.62 Million

Positions

As of 09/30/2025 (Updated Monthly)

Number of Issuers
Fund
183
Number of Holdings
Fund
439

Portfolio Statistics

As of 09/30/2025 (Updated Monthly)

Yield to Maturity 9
Fund
4.13%
Weighted Average Life
Fund
1.24 Years
Effective Duration
Fund
0.49 Years

Geographic Allocation

As of 09/30/2025 % of Total (Updated Monthly)

Geography Fund

United States

 56.64%

Canada

 7.96%

United Kingdom

 5.53%

France

 4.69%

Australia

 4.42%

Netherlands

 3.71%

Spain

 2.15%

Japan

 1.32%

Ireland

 1.21%

Germany

 1.15%

South Korea

 1.10%

Switzerland

 1.10%

Sweden

 0.97%

Norway

 0.69%

Cayman Islands

 0.62%

Singapore

 0.48%

Italy

 0.29%

Finland

 0.25%

5.73%

Chart

Bar chart with 19 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.25134 to 56.638.
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Holdings

As of 11/07/2025 (Updated Daily)

CASH
PUTNAM GOVT MMKT FND-P
US TREASURY N/ 4.875 4/26
Net Current Assets
US BANK NA OH 4.507 10/27
NATIONWIDE BL 6.557 10/27
WESTPAC BANKING FRN 10/26
CAIXABANK 6.684 9/27
FORDO 2022-C A4 12/27
BMW US CAP LLC FRN 8/27

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. 

Skipped to Distributions Section Content

Distributions & Tax

Distribution Frequency
MonthlyThis fund is an ex-Dividend fund
Capital Gain Distributions
December

Rates and Yields Read important information about results and other investment disclosures

30-Day SEC Yield 4,5,6

As of 09/30/2025 (Updated Monthly)
w/ Waiver 4.25%
w/o Waiver 4.25%

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
Distribution amounts may be estimates

10/06/2025
09/05/2025
08/06/2025
07/07/2025
06/05/2025
05/06/2025
04/04/2025
03/06/2025
02/06/2025

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.

Skipped to Pricing Section Content

Pricing

Pricing History

As of 11/07/2025 (Updated Daily)

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2023-01-19 00:00:00 to 2025-11-07 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 0 to 50.83.
End of interactive chart.

Daily Fund Prices

As of 11/07/2025

Share Prices

As of 11/07/2025

NAV  1(Net Asset Value)
$50.60
NAV Change  1
$0.00
NAV Change (%)  1
0.00%
Market Price  1
$50.66
Market Price Change  1
$0.07
Market Price Change (%)  1
0.14%

52-Week Range

Highest NAV As of 11/04/2025
$50.77
Lowest NAV As of 04/11/2025
$50.31
Highest Market Price As of 10/02/2025
$50.83
Lowest Market Price As of 08/07/2025
$0.00

Premium / Discount

As of 11/07/2025

30-Day Median Bid/Ask Spread
0.04%
Bid / Ask Spread
$0.02
Avg. of Market Price vs. NAV at Close 10
0.12%
Skipped to Documents Section Content

Documents

Fund Literature
 Name Download Add to Cart
Factsheet - Putnam ESG Ultra Short ETFDownload Document
Regulatory Documents
 Name Download Add to Cart
Annual Report - Putnam ESG Ultra Short ETFDownload Document
Annual Financial Statements and Other Information - Putnam ESG Ultra Short ETFDownload Document
Semi-Annual Report - Putnam ESG Ultra Short ETF - Single ClassDownload Document
Semi-Annual Financial Statements and Other Information - Putnam ESG Ultra Short ETFDownload Document
Prospectus - Putnam ESG Ultra Short ETFDownload Document
Summary Prospectus - Putnam ESG Ultra Short ETFDownload Document
Statement of Additional Information- Putnam ETF TrustDownload Document
Fiscal Q1 Holdings - Putnam ESG Ultra Short ETFMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Putnam ESG Ultra Short ETFMailed hardcopies unavailable.Download Document

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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. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. 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.

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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 ICE BofA U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar-denominated U.S. Treasury bills publicly issued in the U.S. domestic market. Source: The index data referenced herein is the property of Intercontinental Exchange ("ICE") and/or its licensors and has been licensed for use by Franklin Templeton. ICE and its licensors accept no liability in connection with this use.

The ICE BofA U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market. Qualifying securities must have a remaining term of at least one month to final maturity and a minimum amount outstanding of $1 billion. You cannot invest directly in an index.

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

  1. 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. 

  2. Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.

  3. Distribution Rate is calculated by annualizing the most recent distribution amount paid, divided by the closing market price or NAV as of the date indicated. The Distribution Rate calculation includes income and return of capital, and excludes special distributions. The Distribution Rate is not guaranteed, subject to change, and is not a quotation of fund performance. 

  4. During periods of rising inflation, fund yields can vary significantly from month-to-month and may not be repeated.

  5. With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.

  6. 30-Day SEC Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund’s share price at the end of that period. It may not equal the fund’s actual income distribution rate, which reflects the fund’s past dividends paid to shareholders.

  7. 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.

  8. Net Expense Ratio represents the expense ratio applicable to investors. 

  9. Yield to Maturity is calculated without the deduction of fees and expenses.

  10. 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).

  11. 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. 

  12. 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.

  13. Credit Quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by S&P Global Ratings, Moody's Investors Service and/or Fitch Ratings, Inc. and typically range from AAA for long term or A-1 for short term (highest) to D (lowest), or an equivalent and/or similar rating. For this purpose, if two or more of the agencies have assigned differing ratings to a security, the highest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the portfolio does not apply to the stability or safety of the portfolio. The methodology used for the calculation of credit quality ratings displayed may differ from the methodology for monitoring investment limits, if applicable. Please note, the portfolio itself has not been rated by an independent rating agency.