Active ETF

Putnam Emerging Markets ex-China ETF (Class A)  (PEMX)

Pursues alpha over a market cycle through fundamental research in emerging markets beyond China

PEMX aims to explore a range of attractive EM opportunities outside of China.

China exposure has been a performance headwind over the long term.

We believe that offering emerging markets ex-China exposure could lead to risk-adjusted performance for investors.

Source: Morningstar, as of 3/31/23.

Past performance is not indicative of future results. You cannot invest directly in an index. Index performance does not represent actual fund. The PEMX fund pursues an actively managed investment strategy.

NAV as of 02/23/24

$48.88

Market data all data below as of 02/23/24

Closing market price $49.14
30-day median bid-ask spread 0.13%
Day high $49.14
Day low $49.14
Premium/Discount 0.53%
30-day average trading volume 364
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
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  • Flexibility and freedom of managing your investment portfolio
Learn about Putnam active ETFs

ETF facts as of 01/31/24

Ticker
PEMX
CUSIP
746729847
Inception date
05/17/23
Total net assets
$6.95M
Total expense ratio
0.85%
Open to new investors
Category
Blend
Turnover (fiscal year-end)
--
Dividend frequency
--
Number of holdings
53
Fiscal year-end
April

Objective

Putnam Emerging Markets ex-China ETF seeks long-term capital appreciation.

Strategy and process

  • Concentrated, best-ideas approachSeeks to capitalize on inefficiencies by targeting 30–60 high-conviction names
  • Focus on mispriced earningsSeeks to overweight high-quality names where we have a differentiated view on earnings
  • Active investment strategyRigorous fundamental approach seeks companies with a durable competitive advantage

Management team

Brian S. Freiwald, CFA

Portfolio Manager

20 years in industry

14 years at Putnam Investments

See full profile

Literature

Fund information

Fact Sheet - Shareholder approved (PDF)

Legal documents

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

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Performance

Performance data will be shown after the fund has been in operation for a full calendar quarter.

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.

 

Distributions

Record date 12/27/23
Ex-date 12/26/23
Payable date 12/29/23
Income $0.3301
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 --

Compare

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


Holdings

Portfolio holdings

Full portfolio holdings Download XLSX
Taiwan Semiconductor Manufacturing 11.83%
Samsung Electronics 4.83%
Icici Bank 4.24%
Sk Hynix 3.56%
Kei Industries 3.39%
Grupo Financiero Banorte Sab De Cv 3.09%
Indian Hotels 2.96%
Accton Technology Corp 2.88%
Kia Corp 2.44%
Tata Consultancy Services 2.44%
Top 10 holdings, percent of portfolio 41.66%



Sector weightings as of 01/31/24

Information technology 33.79%
Financials 19.04%
Consumer discretionary 14.32%
Industrials 8.63%
Health care 6.85%
Materials 5.51%
Consumer staples 4.81%
Energy 2.59%
Real estate 1.75%
 
Other
2.71%
Utilities 1.31%
Cash and net other assets 0.85%
Communication services 0.56%

The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

Sectors will vary over time.

Equity statistics as of 01/31/24

Median market cap $15.82B
Weighted average market cap $129.05B
Price to book 3.47
Price to earnings 15.68

Country allocation as of 01/31/24

India 29.45%
Taiwan 19.21%
South Korea 12.86%
Brazil 7.33%
Mexico 5.45%
Indonesia 4.54%
United States 3.66%
Poland 2.44%
United Arab Emirates 2.38%
 
Other
12.67%
United Kingdom 2.19%
Saudi Arabia 2.00%
South Africa 1.75%
Greece 1.74%
France 1.69%
Philippines 1.56%
Panama 0.90%
Cash and net other assets 0.85%

The MSCI Emerging Markets ex-China Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets excluding China. You cannot invest directly in an index.

Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.

Consider these risks before investing: 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 geographic areas, industries, or sectors, which would make the fund more vulnerable to adverse developments affecting those geographic areas, industries, or sectors.

Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. 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.

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.