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Managed Fund Since 2023
Equity Active
PEMX Putnam Emerging Markets Ex-China ETF
- Concentrated, best-ideas approach. Seeks to capitalize on inefficiencies by targeting 30–60 high-conviction names.
- Focus on mispriced earnings. Seeks to overweight high-quality names where we have a differentiated view on earnings.
- Seeks to deliver an asymmetric return profile. Emphasizes quality bias to pursue upside potential and limit downside.
Popular Documents
Overview
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 market companies of any size.
- Benchmark
- MSCI Emerging Markets ex-China Index-NR
- Dividend Frequency, if any
- Annually
- Fund Inception Date
- 05/17/2023
- Listing Exchange
- NYSE Arca
Identifiers
- Ticker
- PEMX
- Intraday NAV
- PEMX.IV
- CUSIP Code
- 746729847
- ISIN Code
- US7467298474
- Bloomberg Code
- PEMX US
Average Annual Total Returns As of 02/28/2026
- 67.87%1 Year
- —3 Years
- —5 Years
- —10 Years
- 32.84%Since Inception
05/17/2023
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
As of 01/31/2026 % of Total (Updated Monthly)
Taiwan26.95% | |
South Korea21.24% | |
India18.14% | |
Brazil7.30% | |
Saudi Arabia4.33% |
Additional Fund Info
- Fiscal Year End
- April 30
- ETF Type
- Active
- Morningstar Category
5 - Diversified Emerging Markets
Trading Characteristics
- Shares Outstanding
- 250,000
- Daily Volume
- 1,445
- 20-Day Average Volume
- 1753.55
Manager and Commentary
About the Team
Putnam Investments has been serving clients and shareholders for over 85 years. We manage a range of equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to offer consistent outperformance, regardless of the market environment. Our portfolios are fueled by a variety of independent views and perspectives, enhanced by fundamental research and ongoing dialogue and debate. We combine this with portfolio construction that aims to reduce broader macro exposures and manage downside risk.
Putnam Investments
Latest Insights
January 8, 2026
December 10, 2025
August 14, 2025
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.
Selected Month February 2026
Putnam Emerging Markets Ex-China ETF - Market Price Return (%)
Month End
As of 02/28/2026
Putnam Emerging Markets Ex-China ETF - NAV Return (%)
Month End
As of 02/28/2026
MSCI Emerging Markets ex-China Index-NR (%)
Month End
As of 02/28/2026
Portfolio
Assets
As of03/09/2026 (Updated Daily)
- Total Net Assets
- $17.34 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Issuers
- Fund
- 50
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Weighted Average Market Capitalization (USD)
- Fund
- $390.94 Billion
- Fund
- 14.16x
- Fund
- 3.25x
Sector Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Information Technology | 35.83% |
Financials | 26.48% |
Industrials | 9.95% |
Communication Services | 7.34% |
Utilities | 5.30% |
Consumer Discretionary | 4.91% |
Materials | 3.23% |
Real Estate | 1.58% |
Health Care | 1.20% |
Consumer Staples | 1.03% |
Cash & Other Net Assets | 3.14% |
Holdings
As of 03/09/2026 (Updated Daily)
TAIWAN SEMICONDUCTOR MANU
SAMSUNG ELECTRONICS CO LT
PUTNAM GOVT MMKT FND-P
ITAU UNIBANCO HOLDING S-P
BHARTI AIRTEL LTD
KB FINANCIAL GROUP INC
MAHINDRA & MAHINDRA LTD
SK HYNIX INC
CIA SANEAMENTO BASICO DE
NTPC LTD
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
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
12/19/2025
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.
Pricing
Pricing History
As of 03/09/2026 (Updated Daily)
Daily Fund Prices
As of 03/09/2026
Share Prices
As of 03/09/2026
52-Week Range
- Highest NAV
As of 02/26/2026 - $79.12
- Lowest NAV
As of 04/07/2025 - $46.60
- Highest Market Price
As of 02/26/2026 - $78.21
- Lowest Market Price
As of 04/07/2025 - $46.60
Premium / Discount
As of 03/09/2026
- 30-Day Median Bid/Ask Spread
- 0.18%
- Bid / Ask Spread
- $0.30
- Avg. of Market Price vs. NAV at Close
6 - 3.56%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Emerging Markets ex-China ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Summary Prospectus - Putnam Emerging Markets ex-China ETF | |||
| Annual Report - Putnam Emerging Markets ex-China ETF | |||
| Annual Financial Statements and Other Information - Putnam Emerging Markets ex-China ETF | |||
| Semi-Annual Report - Putnam Emerging Markets Ex-China ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Putnam Emerging Markets ex-China ETF | |||
| Prospectus - Putnam Emerging Markets Ex-China ETF | |||
| Statement of Additional Information- Putnam ETF Trust | |||
| Fiscal Q1 Holdings - Putnam Emerging Markets Ex-China ETF | |||
| Fiscal Q3 Holdings - Putnam Emerging Markets Ex-China ETF |
Risks
All investments involve risks, including possible loss of principal. 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 portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. The investment style may become out of favor, which may have a negative impact on performance. Active management does not ensure gains or protect against market declines. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus. When the fund’s size is small, the fund may experience low trading volume and wide bid/ask spreads.
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 Emerging Markets ex-China Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets excluding China. 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.