Equity Active

PGRI Putnam International Stock ETF

  • Durable growth:  Targets companies that have strong moats, quality management, significant market share, and attractive end markets    
  • High conviction: Aims to invest in a concentrated, high active share portfolio of opportunities identified through deep fundamental research    
  • Disciplined risk management: Amplifies stock-driven alpha by actively managing factor risks within the portfolio.

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NAV 1 $-0.10(-0.40%)
$24.71
As of 11/07/2025
YTD Total Returns At NAV 2
—
As of 11/07/2025
Total Net Assets
$4.94M
As of 11/09/2025 (Updated Daily)

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Overview

Fund Facts

Fund description

The fund seeks capital appreciation by investing in non-US large and midsize companies, across developed and emerging markets, with what managers believe are structural competitive advantages and attractive end markets.

Benchmark
MSCI All Country World ex-US Growth Index-NR
Fund Inception Date
10/21/2025
Listing Exchange
Nyse Arca

Expenses & Fees

As of 10/21/2025
Gross Expense Ratio3
0.55%
Net Expense Ratio3,4
0.55%

Identifiers

Ticker
PGRI
CUSIP Code
35473P330
ISIN Code
US35473P3304
Bloomberg Code
PGRI US

Additional Fund Info

Fiscal Year End
March 31
ETF Type
Active
Morningstar Category
Foreign Large Blend

Trading Characteristics

As of 11/07/2025 (Updated Daily)
Shares Outstanding
200,000
Daily Volume
476
20-Day Average Volume
N/A

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Manager and Commentary

About the Team

Putnam Investments

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
[Vivek Gandhis avatar]

Managed Fund Since 2025

[David Morgans avatar]

Managed Fund Since 2025

Portfolio Manager Profile
Years of Experience
Manager Location

Latest Insights

August 14, 2025

US equities: Earnings growth is key for sustained market gains

June 3, 2025

Rethinking global allocation: Why the tide may be turning

May 20, 2025

Quick Thoughts: Can AI technology stocks rebound from 2025 volatility?

March 19, 2025

Why we look beyond dividends in our US value approach

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Portfolio

Assets

As of11/09/2025 (Updated Daily)

Total Net Assets
$4.94 Million

Holdings

As of 11/06/2025 (Updated Daily)

TAIWAN SEMICONDUCTOR-SP A
HOYA CORP
PRUDENTIAL PLC
TENCENT HOLDINGS LTD
AIRBUS SE
ASML HOLDING NV
CME GROUP INC
AIA GROUP LTD
BRITISH AMERICAN TOBACCO
ASTRAZENECA PLC
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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 2025-10-21 00:00:00 to 2025-11-07 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 24.7 to 25.39.
End of interactive chart.

Daily Fund Prices

As of 11/07/2025

Share Prices

As of 11/07/2025

NAV  1(Net Asset Value)
$24.71
NAV Change  1
$-0.10
NAV Change (%)  1
-0.40%
Market Price  1
$24.84
Market Price Change  1
$0.03
Market Price Change (%)  1
0.12%

52-Week Range

Highest NAV As of 10/27/2025
$25.30
Lowest NAV As of 11/04/2025
$24.70
Highest Market Price As of 10/27/2025
$25.39
Lowest Market Price As of 11/06/2025
$24.80

Premium / Discount

As of 11/07/2025

30-Day Median Bid/Ask Spread
0.20%
Bid / Ask Spread
$0.05
Avg. of Market Price vs. NAV since Inception
0.44%
Avg. of Market Price vs. NAV at Close 5
0.53%
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Documents

Regulatory Documents
 Name Download Add to Cart
Prospectus - Putnam International Stock ETFDownload Document
Summary Prospectus - Putnam International Stock ETFDownload Document
Statement of Aditional Information - Putnam International Stock ETFDownload Document

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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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Large-capitalization companies may fall out of favor with investors based on market and economic conditions. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The portfolio is, or could become, 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 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. The fund is newly organized, with a limited history of operations. These and other risks are discussed in the fund's prospectus.

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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 All Country World ex-US Growth Index measures the performance of growth stocks in developed and emerging markets, excluding the US.
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.

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. 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.

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

  5. 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).

  6. 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. 

  7. 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.