Active ETF

Putnam PanAgora ESG International Equity ETF (Class A) (PPIE)

Pursues outperformance in developed market stocks that exhibit positive environmental, social, and governance (ESG) metrics

NAV as of 02/21/24

$21.72

Market data all data below as of 02/21/24

Closing market price $21.83
30-day median bid-ask spread 0.28%
Day high $21.83
Day low $21.76
Premium/Discount 0.49%
30-day average trading volume 8,692
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
See available brokerages Learn about Putnam active ETFs

ETF facts as of 04/30/23

Ticker
PPIE
CUSIP
746729870
Inception date
01/19/23
Total net assets
$128.69M
Total expense ratio
0.49%
Open to new investors
Category
Blend
Turnover (fiscal year-end)
--
Dividend frequency
Annually
Number of holdings
202
Fiscal year-end
April

Objective

Putnam PanAgora ESG International Equity ETF seeks long-term capital appreciation.

Strategy and process

  • Systematic strategyDisciplined, 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 modelSeeks to build a well-diversified portfolio by identifying return drivers of companies based on competitive advantage, power among competitors, governance, and sustainability
  • Experienced investment teamAn experienced manager of quantitative investment strategies since 1989

Management team

George D. Mussalli, CFA

Head of Equity Research and Chief Investment Officer, Equity Investments

29 years in industry

20 years at PanAgora

See full profile

Richard Tan, CFA

Managing Director, Head of Stock Selector Equity Investments

27 years in industry

16 years at PanAgora

See full profile

Literature

Fund information

Fact Sheet (PDF)

Legal documents

Prospectuses/SAI
Annual Report (PDF)
Semiannual Report (PDF)

Performance

  • Total return (%) as of 12/31/23

Cumulative Total return (%) as of 12/31/23

Cumulative performance 1 yr. 3 yrs. 5 yrs. Life
Net asset value -- -- -- 10.73%
Market price -- -- -- 11.21%

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Returns for periods of less than one year are not annualized. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time. Market performance does not represent the returns you would receive if you traded shares at other times throughout the day.

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 fund has limited public trading history.

 

Performance snapshot

  Net asset value Market price
1 mt. as of 01/31/24 0.22% 0.02%
YTD as of 02/21/24 1.36% 1.41%

Distributions

Record date 12/27/23
Ex-date 12/26/23
Payable date 12/29/23
Income $0.7098
Extra income --
Short-term cap. gain --
Long-term cap. gain --

Historical premium/discount

Number of days at premium --
Number of days at NAV --
Number of days at discount --

Holdings

Portfolio holdings

Full portfolio holdings Download XLSX

Sector weightings as of 04/30/23

Financials 18.04%
Industrials 15.12%
Health care 13.44%
Consumer discretionary 13.40%
Consumer staples 11.37%
Information technology 8.05%
Materials 6.68%
Communication services 4.25%
Real estate 2.89%
 
Other
6.76%
Energy 2.84%
Utilities 2.50%
Cash and net other assets 1.42%

Equity statistics as of 04/30/23

Median market cap $16.03B
Weighted average market cap $69.71B
Price to book 1.97
Price to earnings 12.75

Country allocation as of 04/30/23

Japan 20.58%
United Kingdom 15.21%
France 11.03%
Switzerland 9.88%
Australia 7.59%
Germany 6.84%
Denmark 5.04%
Netherlands 4.90%
Finland 3.30%
 
Other
15.63%
Spain 3.28%
Sweden 2.75%
Hong Kong 2.11%
Cash and net other assets 1.42%
Singapore 1.04%
Belgium 1.02%
Ireland 0.84%
Italy 0.76%
Norway 0.67%
New Zealand 0.56%
Canada 0.47%
Israel 0.35%
Portugal 0.20%
Austria 0.08%
Malaysia 0.07%

The MSCI EAFE Index is an unmanaged index of equity securities from developed countries in Western Europe, the Far East, and Australasia. You cannot invest directly in an index.

Consider these risks before investing: Investing with a focus on companies or issuers that exhibit a commitment to ESG factors may result in the fund investing in certain types of companies or issuers that underperform the market as a whole. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies and issuers in which the fund invests, the fund may temporarily hold securities that are inconsistent with its ESG investment criteria.

International investing involves currency, economic, and political risks. Emerging market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. 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. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The value of investments in the fund's portfolio may fall or fail to rise over 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. Our investment techniques, analyses, and judgments may not produce the outcome we intend. You can lose money by investing in the fund.