ETF Trends CEO Tom Lydon discussed the Putnam Focused Large Cap Growth ETF (PGRO) with Chuck Jaffe on the MoneyLife Show.
Active ETF
Putnam Focused Large Cap Growth ETF (Class A)
(PGRO)
Investing in companies with durable growth themes
Investment strategy also available as:
Putnam Focused Large Cap Growth ETF (PGRO)
This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:
- You may have to pay more money to trade the ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
- The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared with other ETFs because it provides less information to traders.
- These additional risks may be even greater in bad or uncertain market conditions.
- The ETF will publish on its website each day a Tracking Basket designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio.
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF's performance. If other traders are able to copy or predict the ETF's investment strategy, however, this may hurt the ETF's performance.
For additional information regarding the unique attributes and risks of the ETF, see disclosure below and the Principal Investment Risks section of the prospectus.
Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
The funds have limited public-trading history and will operate differently from other actively managed ETFs that publish their portfolio holdings on a daily basis.
NAV as of 12/05/23
$27.87
Market data all data below as of 12/05/23
|
Closing market price
|
$27.86 |
|
30-day median bid-ask spread
|
0.07% |
|
Day high
|
$27.88 |
|
Day low
|
$27.81 |
|
Premium/Discount
|
-0.02% |
|
30-day average trading volume
|
2,860 |
| Net assets and outstanding shares |
Download CSV |
How to buy Putnam ETFs
Putnam ETFs can be purchased and sold the same way you would buy or sell a stock — through most self-directed brokers or with the guidance of your advisor. Opening an online, self-directed brokerage account provides investors with:
- Accessibility to a variety of investment products
- Tools to help you build and optimize your portfolio
- Flexibility and freedom of managing your investment portfolio
Learn about Putnam active ETFs
ETF facts as of 04/30/23
Ticker
PGRO
Intraday NAV Ticker
PGROIV
CUSIP
746729409
Inception date
05/25/21
Total net assets
$28.08M
Total expense ratio
0.55%
Open to new investors
Category
Growth
Turnover (fiscal year-end)
52%
Dividend frequency
Annually
Number of holdings
42
Fiscal year-end
August
Objective
Putnam Focused Large Cap Growth ETF seeks capital appreciation.
Strategy and process
- Seeks above-average growthThe fund focuses on businesses that exhibit both a high level of growth and an above-average duration of growth.
- A thematic approachWe combine top-down investment themes with bottom-up research to select securities that can benefit from growth trends.
- Ownership cultureBacked by fundamental research, the managers seek out companies with management teams that act like owners.
Literature
Related/Investment insights
A rising number of S&P 500 companies are now tying ESG metrics to executive pay. Explore insights on how this impacts corporate goals and investment opportunities.
Putnam Investments is pleased to share our 2023 Sustainability and Impact Report.
Compare
See how this fund stacks up against its peers with FundVisualizer®
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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.
Holdings
Sector weightings
as of 04/30/23
| Information technology |
42.59% |
| Consumer discretionary |
14.41% |
| Health care |
12.96% |
| Communication services |
7.65% |
| Financials |
7.31% |
| Consumer staples |
4.84% |
| Industrials |
4.63% |
| Cash and net other assets |
2.30% |
| Real estate |
1.93% |
Other |
1.38% |
0
Sectors will vary over time.
Equity statistics as of 04/30/23
| Median market cap |
$121.93B |
| Weighted average market cap |
$893.88B |
| Price to book |
11.80 |
| Price to earnings |
28.86 |
The Russell 1000® Growth Index is an unmanaged index of those companies in the large-cap Russell 1000® Index chosen for their growth orientation. You cannot invest directly in an index.
Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.
Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Investing in an ETF is as easy as investing in a stock
Putnam ETFs, which trade on the New York Stock Exchange, can be purchased and sold the way you would buy or sell a stock — through a broker or with the help and guidance of your advisor. Brokerage commissions and transactions costs may vary, so be sure to check on these costs with your broker, advisor, or other financial intermediary.
By clicking on your broker below, you will leave the Putnam website.
The hyperlinks on this website are provided as a convenience, and Putnam is not responsible for the third-party information, services, or products offered through these platforms. Putnam does not endorse or recommend any broker, advisor, or other financial intermediary. For information on payments made to third-party intermediaries in connection to Putnam's ETFs, please review the fund's SAI or contact the intermediary directly to discuss as this may create a conflict of interest influencing such intermediaries to recommend a Putnam ETF over another investment.
Investing in an ETF is as easy as investing in a stock.
Putnam ETFs are available for purchase and sale through most self-directed brokers or with the help of your financial advisor. Opening an online self-directed brokerage account provides investors with:
- Accessibility to a variety of investment products
- Tools to help you build and optimize your portfolio
- Flexibility and freedom of managing your investment portfolio
