# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-25-014940
**Filing Date:** 2025-12
**Character Count:** 44037
**Document Hash:** b49786c46d0282570b825e02abe8f17d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014940.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014940

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 251606214

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Putnam PanAgora ESG International Equity ETF (Series ID: S000077301)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237598 | -            |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam PanAgora ESG International Equity ETF

- **b. EDGAR series identifier (if any):** S000077301

- **c. LEI of Series:** 549300JZREZTV1HA5N68

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $269628258.42

**Total Liabilities:** $111881.26

**Net Assets:** $269516377.16

**Cash Not Reported:** $132081.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237598 | 3.67%                | 2.90%                | 1.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5002025.42              | $3643743.70                                |
| Month 2  | $1627365.33              | $4635233.32                                |
| Month 3  | $4237933.33              | $-336747.31                                |

### Schedule of Portfolio Investments

| Name                                | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Orkla ASA                           | Orkla ASA                                    | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |     64428 | NS      | $653232.53    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group In      | Sumitomo Mitsui Trust Group Inc              | CUSIP: 000000000<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |     73600 | NS      | $2020644.99   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                              | EDP SA                                       | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    263711 | NS      | $1310095.61   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp                           | ORIX Corp                                    | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     59000 | NS      | $1439491.27   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd               | Daiichi Sankyo Co Ltd                        | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     62100 | NS      | $1478456.30   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC Corp                            | NEC Corp                                     | CUSIP: 000000000<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |    237600 | NS      | $8661584.58   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Group PLC/The                  | Sage Group PLC/The                           | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     84188 | NS      | $1271321.10   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Capcom Co Ltd                       | Capcom Co Ltd                                | CUSIP: 000000000<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |     28200 | NS      | $738166.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG              | Mercedes-Benz Group AG                       | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     13900 | NS      | $900587.39    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                         | South32 Ltd                                  | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    620795 | NS      | $1287610.08   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV       | Koninklijke Ahold Delhaize NV                | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     43611 | NS      | $1785024.55   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipol Assicurazioni SpA            | Unipol Assicurazioni SpA                     | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | EC               | CORP              | IT        |     36321 | NS      | $793977.37    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                           | KDDI Corp                                    | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    184500 | NS      | $2946899.94   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                     | ASML Holding NV                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      7982 | NS      | $8454773.86   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp                     | Mitsubishi Corp                              | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     80300 | NS      | $1934161.31   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp                          | FANUC Corp                                   | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |    159600 | NS      | $5083877.75   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA       | Industria de Diseno Textil SA                | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     23961 | NS      | $1322933.24   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                             | CRH PLC                                      | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      6640 | NS      | $790824.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                     | UPM-Kymmene Oyj                              | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     35837 | NS      | $961639.07    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                          | Fortum Oyj                                   | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |    103015 | NS      | $2296436.35   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group      | Mitsubishi UFJ Financial Group Inc           | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    209400 | NS      | $3165933.42   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd         | Northern Star Resources Ltd                  | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    151103 | NS      | $2433109.17   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                  | Sompo Holdings Inc                           | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |     47100 | NS      | $1438886.51   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                       | Rio Tinto PLC                                | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     20907 | NS      | $1499868.18   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                           | Shell PLC                                    | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    145552 | NS      | $5444750.65   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                      | Lonza Group AG                               | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      4161 | NS      | $2865518.73   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                     | Danske Bank A/S                              | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     35879 | NS      | $1602079.77   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG            | Infineon Technologies AG                     | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     23152 | NS      | $915868.81    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                        | GEA Group AG                                 | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     12995 | NS      | $928678.63    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                            | Mowi ASA                                     | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |    101317 | NS      | $2226538.41   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                          | Zalando SE                                   | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     30212 | NS      | $844826.93    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                          | Genmab A/S                                   | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      3191 | NS      | $905248.23    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Co Ltd                       | Sanrio Co Ltd                                | CUSIP: 000000000<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |     25800 | NS      | $1198174.03   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Government Money Market Fund | Putnam Government Money Market Fund          | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |    291291 | NS      | $291291.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd             | QBE Insurance Group Ltd                      | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    168788 | NS      | $2191089.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Getlink SE                          | Getlink SE                                   | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |     39872 | NS      | $727522.47    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc                         | Stantec Inc                                  | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      6029 | NS      | $667658.39    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher PLC                      | Kingfisher PLC                               | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    209953 | NS      | $851717.28    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                          | Boliden AB                                   | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     57226 | NS      | $2584137.68   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commerci      | CapitaLand Integrated Commercial Trust       | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |    530608 | NS      | $966150.09    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                  | AerCap Holdings NV                           | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |     10693 | NS      | $1392656.32   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                           | Holcim AG                                    | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     18229 | NS      | $1615976.22   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Bank Co Ltd              | Japan Post Bank Co Ltd                       | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |     69600 | NS      | $780408.80    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                           | Prosus NV                                    | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     34179 | NS      | $2361027.83   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                         | Terumo Corp                                  | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     96500 | NS      | $1560117.77   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                        | Klepierre SA                                 | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     18476 | NS      | $705761.45    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                             | Sea Ltd                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      9288 | NS      | $1451250.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                        | Capgemini SE                                 | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     18279 | NS      | $2812750.27   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                     | Sony Group Corp                              | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    345800 | NS      | $9720365.97   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                          | Eiffage SA                                   | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     13999 | NS      | $1721705.67   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                         | Moncler SpA                                  | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     15850 | NS      | $950014.18    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                            | ICON PLC                                     | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      4245 | NS      | $729375.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                          | Sandvik AB                                   | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     78043 | NS      | $2369980.32   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                         | Komatsu Ltd                                  | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     32800 | NS      | $1099505.55   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                       | Assa Abloy AB                                | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     30276 | NS      | $1143127.94   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                            | Vinci SA                                     | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     48680 | NS      | $6503265.46   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                           | Danone SA                                    | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     41212 | NS      | $3642531.13   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                         | Pandora A/S                                  | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |      7129 | NS      | $954648.58    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp                    | Bridgestone Corp                             | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     21600 | NS      | $948039.71    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                  | Smith & Nephew PLC                           | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     44762 | NS      | $826193.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                           | Sanofi SA                                    | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     25917 | NS      | $2616895.08   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                          | Siemens AG                                   | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     16779 | NS      | $4749014.43   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                       | BHP Group Ltd                                | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    120585 | NS      | $3428151.16   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC                                | Canadian Imperial Bank of Commerce           | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     10236 | NS      | $848116.33    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                    | TotalEnergies SE                             | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     16177 | NS      | $1005974.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co              | MatsukiyoCocokara & Co                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59000 | NS      | $1069090.26   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                  | Koninklijke KPN NV                           | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    288226 | NS      | $1334874.89   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LY Corp                             | LY Corp                                      | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    260200 | NS      | $764847.19    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                        | 3i Group PLC                                 | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    135046 | NS      | $7806034.87   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                        | Barclays PLC                                 | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    213958 | NS      | $4597957.42   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                           | Aviva PLC                                    | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    139492 | NS      | $1225213.46   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd              | DBS Group Holdings Ltd                       | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     51500 | NS      | $2133831.44   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd                   | Telstra Group Ltd                            | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    581173 | NS      | $1855675.98   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA              | Cie de Saint-Gobain SA                       | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     40059 | NS      | $3881387.17   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                          | Allianz SE                                   | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     11256 | NS      | $4517626.56   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                         | Hitachi Ltd                                  | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     54500 | NS      | $1880676.14   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                                       | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      3892 | NS      | $1011958.92   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Convatec Group PLC                  | Convatec Group PLC                           | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    164487 | NS      | $527683.26    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB         | Swedish Orphan Biovitrum AB                  | CUSIP: 000000000<br>LEI: 549300124Y3MQI87PT35 | Long             | EC               | CORP              | SE        |     25123 | NS      | $865266.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd                           | Aegon Ltd                                    | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | NL        |    135913 | NS      | $1034896.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp                         | ITOCHU Corp                                  | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     99200 | NS      | $5748849.52   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SPA                      | BPER Banca SPA                               | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |    194443 | NS      | $2320811.64   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                        | Experian PLC                                 | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |     18760 | NS      | $874158.35    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                             | Singapore Telecommunications Ltd             | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    223700 | NS      | $730427.93    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                          | Scout24 SE                                   | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |      5906 | NS      | $682116.63    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd         | Murata Manufacturing Co Ltd                  | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     70600 | NS      | $1553923.82   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kesko Oyj                           | Kesko Oyj                                    | CUSIP: 000000000<br>LEI: 743700OX6HSVMCAHPB95 | Long             | EC               | CORP              | FI        |     45748 | NS      | $964985.26    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                            | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     46393 | NS      | $1480719.82   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HKEX                                | Hong Kong Exchanges & Clearing Ltd           | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     34400 | NS      | $1875264.94   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken       | Skandinaviska Enskilda Banken AB             | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     86826 | NS      | $1657875.99   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd                     | Mitsui & Co Ltd                              | CUSIP: 000000000<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |    124900 | NS      | $3081369.15   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong Holdings Ltd          | BOC Hong Kong Holdings Ltd                   | CUSIP: 000000000<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |    226908 | NS      | $1114895.01   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                 | Amadeus IT Group SA                          | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     29289 | NS      | $2238961.05   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                   | National Grid PLC                            | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    209375 | NS      | $3135636.86   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                            | RELX PLC                                     | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     47781 | NS      | $2107184.98   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd                        | Brambles Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    169971 | NS      | $2764730.79   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                           | Nokia Oyj                                    | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    282935 | NS      | $1955080.85   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Cons                    | Daito Trust Construction Co Ltd              | CUSIP: 000000000<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |     57000 | NS      | $1063918.63   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                             | IMI PLC                                      | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     25545 | NS      | $801375.97    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                         | Novartis AG                                  | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     78013 | NS      | $9623299.79   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                         | Swiss Re AG                                  | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |     29193 | NS      | $5318041.38   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                           | Tesco PLC                                    | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |   1196004 | NS      | $7218047.05   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp            | Renesas Electronics Corp                     | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |     81700 | NS      | $1013099.09   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                 | Intesa Sanpaolo SpA                          | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |   1454948 | NS      | $9351207.92   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEOS Holdings Inc                  | ENEOS Holdings Inc                           | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |    129800 | NS      | $819346.18    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                    | Deutsche Bank AG                             | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     41565 | NS      | $1481853.20   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                    | Bank Hapoalim BM                             | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     57721 | NS      | $1174454.82   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                       | UniCredit SpA                                | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     44101 | NS      | $3254838.28   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                 | Henkel AG & Co KGaA                          | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |     13413 | NS      | $1001067.07   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx AG                           | Talanx AG                                    | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |      5279 | NS      | $641950.58    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                          | Legrand SA                                   | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     10013 | NS      | $1725452.01   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                            | Alcon AG                                     | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     44068 | NS      | $3274639.83   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Informa PLC                         | Informa PLC                                  | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |    170658 | NS      | $2169743.29   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd              | Aristocrat Leisure Ltd                       | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     17362 | NS      | $719653.21    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                         | Nutrien Ltd                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     11906 | NS      | $648461.26    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co KGaA              | Fresenius SE & Co KGaA                       | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     50743 | NS      | $2925615.87   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                           | Endesa SA                                    | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     24249 | NS      | $868984.50    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc            | Sony Financial Group Inc                     | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |    362800 | NS      | $365836.87    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Ascendas REIT            | CapitaLand Ascendas REIT                     | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               | CORP              | SG        |    343900 | NS      | $745081.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                 | EssilorLuxottica SA                          | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      6261 | NS      | $2289872.24   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                              | AXA SA                                       | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     33206 | NS      | $1440284.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                     | Kerry Group PLC                              | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     11011 | NS      | $1003923.74   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE               | Schneider Electric SE                        | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      9010 | NS      | $2555841.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer Controller, US Fund Administration and Oversight