Key stats
About Putnam ETF Trust Putnam ESG Ultra Short ETF
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Inception date
Jan 19, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
PULT invests in short-term, investment grade fixed income securities from around the world that meet ESG standards on a sector-specific basis. The fund maintains a portfolio duration of no more than one year and a maturity of four years or less. It may include government and corporate debt securities. The fund assesses fundamentals that include the industry, location, strategic position, and key relationships. Securities are assigned an ESG rating, and only the highest-rated ones are considered. To identify relevant ESG criteria on a sector-specific basis, the fund uses an internally developed materiality map that determines which criteria are deemed important for a given sector. For example, securitized debt securities are broadly evaluated due to various asset types, counterparties, complex market structures, and scarce ESG data. Sovereign debt is evaluated using quantitative models and research, as better ESG scores may influence a countrys credit risk and borrowing costs.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate87.02%
Cash7.67%
Securitized2.67%
Government1.72%
Mutual fund0.55%
Miscellaneous0.38%
Stock breakdown by region
North America68.77%
Europe23.37%
Oceania4.25%
Asia3.61%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history