Putnam Investments launches the company’s first active ETFs

BOSTON–(BUSINESS WIRE) – Putnam Investments today announced the launch of its first exchange traded funds (ETF), which are based on four of the company’s main equity strategies. The new ETFs – Putnam Sustainable Leaders ETF (PLDR), Putnam Sustainable Future ETF (PFUT), Putnam Focused Large Cap Growth ETF (PGRO) and Putnam Focused Large Cap Value ETF (PVAL) – start trading today on the stock exchange from New York .

The new offerings represent the company’s first ETF products, which currently offers a range of retail mutual funds, separately managed accounts, mutual funds, private funds and non-US funds.

“We are excited to enter the ETF market today with the launch of active ETFs that utilize Putnam’s proven active management expertise,” said Robert L. Reynolds, President and CEO of Putnam Investments. “The introduction of these four ETFs responds to our long-standing commitment to meeting the evolving needs of investors by offering a wide range of vehicle options that access our deep and fundamental investing capabilities.”

New Active ETFs have underlying investment portfolios similar to existing Putnam mutual funds and separately managed account strategies, and use the same portfolio managers and research teams as these related products.

Putnam ETFs use the company’s established active investing approach, characterized by rigorous fundamental research and advanced risk management techniques – with the ultimate goal of generating alpha for investors. At the same time, they have attractive features that have made ETFs popular, including intraday liquidity, tax efficiency, and a competitive fee structure.

Explaining Putnam’s first foray into ETFs, Reynolds said, “We have deliberately chosen four of our core equity strategies, including two ESG-focused portfolios, to provide the market with the unique investment brand. Putnam asset combined with the benefits of an ETF wrapper. . ”

The four active ETF strategies launched today by Putnam are:

  • ETF Putnam Sustainable Leaders (Symbol: PLDR)
    • Leadership Focus: invests in companies that are established leaders in financially important sustainability issues

    • Managed by Katherine Collins and Stephanie Dobson

    • Total expense ratio of 59 basis points

  • ETF Putnam Sustainable Future (Symbol: PFUT)
    • Solution Focus: invests in solution-driven companies that deliver innovative ways to address key sustainability challenges

    • Managed by Katherine Collins and Stephanie Dobson

    • 64 basis points total expense ratio

  • Putnam Focused Large Cap Growth ETF (Ticker: PGRO)
    • Sustainable Growth Themes: Focuses on companies that show both a high level of growth and an above-average growth period

    • Managed by Richard Bodzy and Gregory McCullough

    • Total expense ratio of 55 basis points

  • Putnam Focused Large Cap Value ETF (Ticker: PVAL)
    • Disciplined process: Focuses on large companies that are priced below their long-term potential and where there may be a catalyst for positive change

    • Managed by Darren Jaroch and Lauren DeMore

    • Total expense ratio of 55 basis points

Putnam’s lineup of ETFs will use the Fidelity Trailing Basket methodology for active equity ETFs. Fidelity’s tracking basket methodology and related functionality are designed to provide market makers with sufficient information to create efficient markets in ETF stocks while maintaining the confidentiality of portfolio holdings necessary for Putnam to execute these strategies. for the benefit of investors.

About Putnam Investments

Founded in 1937, Putnam Investments is a global fund management company with over 80 years of investment experience. At the end of April 2021, Putnam had $ 197 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Singapore and Sydney. For more information visit putnam.com.

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