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

Themes that drive performance

Themes are the key to understanding which companies might excel and why. Our team analyzes global trends, problems, and potential solutions — for example, the rise of e-commerce and payment processing or the emergence of 5G and the Internet of Things. We look for companies with traits that might be structural qualities that let them outmaneuver competitors, or other qualities that make them disruptors.

Explore how we build and manage this ETF around this set of durable themes.

Our 12 themes

Stock example

e-commerce-and-payment-processing-icon E-commerce and payment processing
PayPal Holdings (PYPL)
internet-of-things-icon 5G connectivity and the Internet of Things
American Tower (AMT)
amazons-influence-icon Amazon's influence
The Home Depot (HD)
controlled-distribution-icon Controlled distribution
Lululemon Athletica (LULU)
personalized-medicine-icon Personalized medicine
Lonza (LONN SW)
viral-effects-icon Viral effects
Danaher (DHR)
autonomous-electric-vehicles-icon Autonomous and electric vehicles
NVIDIA (NVDA)
cloud-infrastructure-software-icon Cloud infrastructure and software
Microsoft (MSFT)
increased-screen-time-icon Increased screen time
Disney (DIS)
digital-marketing-icon Digital marketing
Adobe (ADBE)
humanization-of-pets-icon Humanization of pets
Idexx Laboratories (IDXX)
experience-economy-icon The experience economy
Airbnb (ABNB)

Market commentary is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. Stock stories are intended to help illustrate the investment process and should not be considered a recommendation to purchase or sell any security. It should not be assumed that any investment in these companies was, or will prove to be, profitable, or that the investment decisions we make in the future will be profitable or equal to the investment performance of companies referenced herein.

See PGRO complete list of holdings

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.