Global themes that drive sustained growth

“We believe watching global trends, like the humanization of pets and the rise of e-commerce, can help generate ideas.”

—  
Richard Bodzy and Greg McCullough, CFA
Portfolio Managers
Big ideas that set us apart

Putnam Focused Large Cap Growth ETF

What do we see changing around us? In a retail, in a consumer environment, in an industrial landscape? We believe that idea generation can come from observing the world around us and can help us understand which companies could become disruptors in their industry. We seek out those firms with innovative products and services, with an aim to outperform across economic conditions.

The right team

Portfolio managers, Richard Bodzy and Gregory McCullough, CFA, combined this top-down thematic lens with strong, bottom-up fundamentals to guide them in assembling a portfolio of vetted, high-conviction names that strive to offer steady growth.

Richard Bodzy
15 years in the investment industry
Greg McCullough, CFA
13 years in the investment industry

Some themes we think could drive
outsized growth for years to come

Humanization of pets.

Pets have become an increasingly important part of the typical household, receiving the same level of attention, care, and health maintenance as human family members do. Preventative-care treatments and testing for companion animals are growing, along with overall pet ownership levels. Consumer demand for these services is unwavering, and the diagnostic market outside the United States provides another long-term opportunity for growth.

With this theme, we seek to capitalize on the strong and rapidly growing demand for quality pet care.

Increased screen time.

People are spending considerably more time consuming content on electronic devices. In 2019, for the first time, U.S. consumers spent more time with their mobile devices than they did watching TV, according to eMarketer. Smartphones account for 70% of that mobile time. Mobile device usage is growing rapidly as streaming platforms, newly created apps, social media, gaming, and targeted advertising campaigns increasingly cater to consumers outside the home.

American adults spent about 3 hours and 30 minutes a day using the mobile internet in 2019, an increase of about 20 minutes from a year earlier, according to measurement company Zenith.

Amazon’s influence.

By 2040, U.S. e-commerce retail sales could well surpass brick-and-mortar store sales. The influence of e-commerce is often referred to as “the Amazon effect” — the pressure placed on traditional retailers from online competition. Amazon’s platform has caused disruption and share loss for legacy retailers — a trend that we expect to continue well into the future.

As Amazon continues disrupting business models and industries, we are working to find companies with niche products or services that give them a competitive edge.

More about PGRO

Below you'll find our thought leadership and careful analysis of trends within growth investing and culture.

...
Investors tap into new opportunities as EV sales surge

Active management can help identify durable growth opportunities as the projected number of EVs on the roads approaches 116 million by 2030.

More »

Disclosure:

This ETF is different from a traditional ETF. 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 the 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.

Diversification does not guarantee a profit or ensure against loss. It is possible to lose money in a diversified portfolio.

Find PGRO through your own brokerage

Fund ticker: PGRO
Category: Growth
Exchange: NYSE

Log in to your brokerage account. If you don’t have an account, you will need to set up one. Below are some of Putnam’s distribution partners.

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.

See complete details

Disclosure:

This ETF is different from a traditional ETF. 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 the 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.

Diversification does not guarantee a profit or ensure against loss. It is possible to lose money in a diversified portfolio.