ESG Principles: How Sustainable Investing Is Changing the World

Active ETF

Putnam Sustainable Leaders ETF (Class A)  (PLDR)

Investing in companies demonstrating leadership in material sustainability issues

Investment strategy also available as:

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 11/24/21

$28.20

Market data all data below as of 11/24/21

Closing market price $28.21
30-day median bid-ask spread 0.11%
Day high $28.21
Day low $28.21
Premium/Discount 0.05%
30-day average trading volume 346

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 10/31/21

Ticker
PLDR
Intraday NAV Ticker
PLDRIV
CUSIP
746729102
Inception date
05/25/21
Total net assets
$7.67M
Total expense ratio
0.59%
Open to new investors
Category
Growth
Turnover (fiscal year-end)
--
Dividend frequency
Annually
Number of holdings
58
Fiscal year-end
August

Objective

Putnam Sustainable Leaders ETF seeks long-term capital appreciation.

Strategy and process

  • Leadership focusThe portfolio invests in companies that have demonstrated leadership in sustainability issues that are financially material to their business context.
  • Active strategyA framework grounded in fundamental research and focused on financially material sustainability issues drives investment decisions.
  • Experienced teamAn experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups.

Management team

Katherine Collins, CFA, MTS

Head of Sustainable Investing

31 years in industry

4 years at Putnam Investments

See full profile

Stephanie Dobson

Portfolio Manager

10 years in industry

4 years at Putnam Investments

See full profile

This team also manages the Putnam Sustainable Leaders SMA. Explore this comparable strategy and management history.


Literature

Fund information

Fact Sheet (PDF)
Annual Report (PDF)
Active ETF insights: A survey of the semitransparent active ETF landscape (PDF)

Legal documents

Summary Prospectus (PDF)
Statutory Prospectus (PDF)
Statement of Additional Information (SAI) (PDF)

Related/Investment insights


Risk managers: Essential partners for delivering performance
A successful risk team is one that can analyze multiple measures of risk and work with investment teams before trades are executed to capture alpha.

Emerging markets leading the way in innovation
Innovation is driving exciting growth across emerging market countries.


Performance

  • Total return (%) as of 09/30/21

Cumulative Total return (%) as of 09/30/21

Cumulative performance 1 yr. 3 yrs. 5 yrs. Life
Net asset value -- -- -- 3.64%
Market price -- -- -- 3.76%
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 funds have limited public trading history and will operate differently from other actively managed ETFs that publish their portfolio holdings on a daily basis.

Performance snapshot

  Net asset value Market price
1 mt. as of 10/31/21 7.62% 7.53%
YTD - -

Historical premium/discount

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

Compare

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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.


Holdings

Microsoft Corp 8.73%
Apple 7.17%
Amazon.Com 4.79%
Adobe 2.99%
Danaher Corp 2.71%
Thermo Fisher Scientific 2.50%
Bank Of America Corp 2.43%
Eli Lilly 2.00%
Visa 1.97%
Johnson Controls International 1.92%
Top 10 holdings, percent of portfolio 37.21%



Tracking Basket information as of 11/24/21

Tracking Basket Export to Excel
Tracking Basket overlap 79.49%

The Tracking Basket methodology maintains confidentiality of a portfolio's securities and trading strategies by disclosing a "tracking basket" composed of select recently disclosed portfolio holdings, liquid U.S. ETFs that convey information about the types of instruments in which the fund invests, and cash and cash equivalents. This Tracking Basket is disclosed daily and is used to facilitate the creation and redemption process with Authorized Participants (APs). Actual portfolio holdings for the Putnam ETFs will be disclosed on Putnam.com within eight business days following calendar quarter-end.

Top industry sectors as of 10/31/21

Information technology 33.05%
Health care 16.08%
Consumer discretionary 14.11%
Financials 9.10%
Industrials 8.92%
Materials 4.72%
Consumer staples 3.85%
Utilities 3.38%
Cash and net other assets 2.78%
 
Other
4.01%
Communication services 2.31%
Real estate 1.70%

Sectors will vary over time.

The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index.

Consider these risks before investing: Consider these risks before 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. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Investments in small and/or midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. Investing with a focus on companies that exhibit a commitment to sustainable business practices may result in the fund investing in certain types of companies, industries or sectors 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. In addition, a company's business practices, products, or services may change over time. As a result of these possibilities, among others, the fund may temporarily hold securities that are inconsistent with the fund's sustainable investment criteria. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. 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.