# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000869392-25-001136
**Filing Date:** 2025-6
**Character Count:** 11742
**Document Hash:** ebec38e64f7be84fe8bec0fb2db7abb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-25-001136.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0000869392-25-001136

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20250430

**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:** 251056088

**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 BDC Income ETF (Series ID: S000077137)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237307 | -            |  |

## 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:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam BDC Income ETF

- **b. EDGAR series identifier (if any):** S000077137

- **c. LEI of Series:** 549300HYA2LSODFWQ702

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $195433763.48

**Total Liabilities:** $1703937.45

**Net Assets:** $193729826.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237307 | -6.57%               | -4.35%               | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1105727.94             | $-11460577.46                              |
| Month 2  | $16722.86                | $-12812121.50                              |
| Month 3  | $992579.11               | $-21757.88                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BARINGS BDC INC                                             | COMMON STOCK        | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |    759809 | NS      | $6617936.39   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HERCULES CAPITAL INC                                        | COMMON STOCK        | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |    646141 | NS      | $11565923.90  | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SLR INVESTMENT CORP                                         | COMMON STOCK        | CUSIP: 83413U100<br>LEI: BJOT6DX9ML6BR3Z0O636 | Long             | EC               | CORP              | US        |    211213 | NS      | $3282250.02   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLUB CAPITAL BDC INC                                       | COMMON STOCK        | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |   1112685 | NS      | $15933649.20  | 8.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW MOUNTAIN FINANCE CORP                                   | COMMON STOCK        | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | CORP              | US        |    591407 | NS      | $5878585.58   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDUS INVESTMENT CORP                                       | COMMON STOCK        | CUSIP: 316500107<br>LEI: 549300836CRWCROFBC02 | Long             | EC               | CORP              | US        |    166576 | NS      | $3148286.40   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SURO CAPITAL CORP                                           | COMMON STOCK        | CUSIP: 86887Q109<br>LEI: 549300YR4IAV0VJFWN84 | Long             | EC               | CORP              | US        |    240102 | NS      | $1109271.24   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP                                         | COMMON STOCK        | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |    465878 | NS      | $9266313.42   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING INC                          | COMMON STOCK        | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |    479138 | NS      | $9946904.88   | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                    | COMMON STOCK        | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |    281845 | NS      | $15095618.20  | 7.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIN CAPITAL SPECIALTY FINANCE INC                          | COMMON STOCK        | CUSIP: 05684B107<br>LEI: 549300V2JL72R0EYBK64 | Long             | EC               | CORP              | US        |    411911 | NS      | $6302238.30   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                       | COMMON STOCK        | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |   1826480 | NS      | $25588984.80  | 13.21%            |  |  |  | No            |                  1 | On Loan: No      |
| CRESCENT CAPITAL BDC INC                                    | COMMON STOCK        | CUSIP: 225655109<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EC               | CORP              | US        |    469431 | NS      | $7496813.07   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC                                         | COMMON STOCK        | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |    419126 | NS      | $6089900.78   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RUNWAY GROWTH FINANCE CORP                                  | COMMON STOCK        | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |    460756 | NS      | $4206702.28   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                             | COMMON STOCK        | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |    644875 | NS      | $18894837.50  | 9.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CION INVESTMENT CORP                                        | COMMON STOCK        | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |    117445 | NS      | $1165054.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PALMER SQUARE CAPITAL BDC INC                               | COMMON STOCK        | CUSIP: 69702V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75245 | NS      | $953354.15    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY DIRECT LENDING FUND                          | COMMON STOCK        | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |    284477 | NS      | $5541611.96   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KAYNE ANDERSON BDC INC                                      | COMMON STOCK        | CUSIP: 48662X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53303 | NS      | $845918.61    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC INCOME FUND INC                                         | COMMON STOCK        | CUSIP: 55374X208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123301 | NS      | $1865544.13   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL SOUTHWEST CORP                                      | COMMON STOCK        | CUSIP: 140501107<br>LEI: 54930023YZ4YEJEDBO56 | Long             | EC               | CORP              | US        |    267259 | NS      | $5446738.42   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDCAP FINANCIAL INVESTMENT CORP                            | COMMON STOCK        | CUSIP: 03761U502<br>LEI: 5493005P14I7WFB3FW47 | Long             | EC               | CORP              | US        |    709025 | NS      | $8409036.50   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CAPITAL CORP                                           | COMMON STOCK        | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |    891082 | NS      | $18409754.12  | 9.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND | SHORT TERM INV FUND | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | PF                | US        |    734072 | NS      | $734072.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-18

**Name of Applicant:** Putnam ETF Trust

**Signature:** Kevin R Blatchford

**Name of Signer:** Kevin R Blatchford

**Title:** Assistant Treasurer