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

Putnam Emerging Markets ex-China ETF (PEMX)

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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 06/02/23

$41.56

Market data all data below as of 06/02/23

Closing market price	$41.83
30-day median bid-ask spread	0.17%
Day high	$41.83
Day low	$41.83
Premium/Discount	0.65%
30-day average trading volume	2,123
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

Learn about Putnam active ETFs

ETF facts as of 05/31/23

Ticker
PEMX

CUSIP
746729847

Inception date
05/17/23

Total net assets
$6.11M

Total expense ratio
0.85%

Open to new investors

Category
Blend

Turnover (fiscal year-end)
--

Dividend frequency
Annually

Number of holdings
46

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

19 years in industry

13 years at Putnam Investments

See full profile

Literature

Fund information
Fact Sheet (PDF)

Legal documents
Prospectuses/SAI

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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.

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

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.