Equity Active

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 Ratio⁴: 0.49%
Net Expense Ratio^4,5: 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 02/28/2026

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

Market Price Return

NAV Return

34.44%1 Year
20.29%3 Years
—5 Years
—10 Years
19.11%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 02/28/2026 % of Total (Updated Monthly)

Geographic Focus
Japan32.40%
United Kingdom11.67%
France10.71%
Netherlands6.34%
Germany6.05%

Additional Fund Info

Fiscal Year End: April 30
ETF Type: Active
Morningstar Category⁶: Foreign Large Blend

Trading Characteristics

As of 03/30/2026 (Updated Daily)

Shares Outstanding: 225,000
Daily Volume: 1,662
20-Day Average Volume: 676.60

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 26, 2026

Improving outcomes with private assets in target date funds

March 25, 2026

Portable alpha: Putting capital to its highest and best use

March 16, 2026

Allocation Views: Rotation, momentum and geopolitical risk

March 2, 2026

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

Performance

Calendar Year Returns

As of 02/28/2026

Month End

Quarter End

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.

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

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

MSCI EAFE Index-NR (%)

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
654 Funds in category

5 Years: —

10 Years: —

Rating Category: Foreign Large Blend

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 of03/30/2026 (Updated Daily)

Total Net Assets: $5.61 Million

Positions

As of 02/28/2026 (Updated Monthly)

Number of Issuers

Fund: 142

Portfolio Statistics

As of 02/28/2026 (Updated Monthly)

Weighted Average Market Capitalization (USD)

Fund: $91.47 Billion

Price to Earnings (12-Month Forward)

Fund: 17.35x

Price to Book

Fund: 2.80x

Market Capitalization Allocation ⁷

As of 02/28/2026 % of Total (Updated Monthly)

Market Capitalization Allocation
Market Capitalization	Fund
$1.8B - $11.1B	1.59%
$11.1B - $55.6B	39.90%
Over $55.6B	56.18%
Cash and other assets	2.34%

Holdings
As of 03/31/2026 (Updated Daily)

ASML HOLDING NV-NY REG SH

NOVARTIS AG-REG

TESCO PLC

INTESA SANPAOLO

VINCI SA

SONY GROUP CORP

ITOCHU CORP

SHELL PLC

BARCLAYS PLC-SPONS ADR

3I GROUP PLC

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 03/30/2026 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 03/30/2026

Share Prices

As of 03/30/2026

NAV ¹(Net Asset Value): $24.93
NAV Change ¹: $0.00
NAV Change (%) ¹: 0.00%
Market Price ¹: $24.84
Market Price Change ¹: $0.09
Market Price Change (%) ¹: 0.36%

52-Week Range

Highest NAV As of 12/15/2025: $29.08
Lowest NAV As of 04/07/2025: $21.05
Highest Market Price As of 02/11/2026: $29.19
Lowest Market Price As of 04/07/2025: $21.05

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

Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.

Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.

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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.

Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

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.

Putnam funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.

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

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

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.
©2026 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.
Capitalization Rate is calculated without the deduction of fees and expenses.

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