SAN MATEO, CA – March 30 – Franklin Templeton today announced it will liquidate and dissolve the below funds:
Putnam ESG Core Bond ETF
Putnam ESG High Yield ETF
Putnam ESG Ultra Short ETF
Putnam PanAgora ESG Emerging Markets Equity ETF
Putnam PanAgora ESG International Equity ETF
Putnam Sustainable Future ETF
Putnam Sustainable Leaders ETF
The liquidation is anticipated to occur on or about June 16, 2026. The liquidation was approved by the Fund’s board of trustees on March 26, 2026.
After the close of business on May 19, 2026, the Funds will no longer accept creation orders, and effective as of the close of business on June 9, 2026, the Funds will no longer accept redemption orders. Trading in the Funds on NYSE Arca, Inc. will be suspended prior to market open on June 10, 2026.
When the Funds is in the process of liquidating its portfolio, which is anticipated to commence prior to June 10, 2026, the Fund will hold cash and securities that may not be consistent with the Funds’ investment goal and strategies.
At the time the liquidation of the Fund is complete, after the payment of all charges, taxes, expenses and liabilities, and after determination of any dividends to be paid pursuant to the Plan, each Fund will liquidate its remaining assets and distribute cash pro rata to all remaining shareholders as of the liquidation date who have not previously redeemed all of their Fund shares. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about June 16, 2026.
For those shareholders with taxable accounts and for Federal, state and local income tax purposes: (a) any liquidation proceeds paid to such shareholder should generally be treated as received by such shareholder in exchange for the shareholder’s shares and the shareholder will therefore generally recognize a taxable gain or loss; and (b) in connection with the liquidation, the Fund may declare taxable distributions of its income and/or capital gain. Shareholders should consult their tax advisers regarding the effect of the Fund’s liquidation in light of their individual circumstances.
*Updated as of June 4, 2026: Effective as of the open of business on June 4, 2026, Putnam ESG Ultra Short ETF will reopen to accept orders for the purchase of creation units, and effective as of the close of business on June 5, 2026, the Fund will no longer accept orders for the purchase of creation units. Effective as of the close of business on June 9, 2026, the Fund will no longer accept redemption orders.
About Franklin Templeton
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.
With $1.74 trillion in assets under management as of February 28, 2026, Franklin Templeton operates globally in more than 35 countries.
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