# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-002780
**Filing Date:** 2026-1
**Character Count:** 38210
**Document Hash:** a66f6456b1709e5193032735a01a733f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002780.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002780

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260531

**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:** 26566657

**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

### Franklin Pennsylvania Municipal Income ETF (Series ID: S000094550)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000263083 | Franklin Pennsylvania Municipal Income ETF |  |

## 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:** Franklin Pennsylvania Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000094550

- **c. LEI of Series:** 254900U9V1W8B86LIO90

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $82360210.61

**Total Liabilities:** $137358.53

**Net Assets:** $82222852.08

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 35.10171000 | **1-Year:** 750.69724000 | **5-Year:** 10269.63015000 | **10-Year:** 42007.23449000 | **30-Year:** 1421.67475000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 60.59006000 | **5-Year:** 1566.00779000 | **10-Year:** 3011.89043000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263083 | 2.95%                | 1.65%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35770.79               | $2497585.15                                |
| Month 2  | $-14264.54               | $1203837.23                                |
| Month 3  | $-166938.34              | $492241.99                                 |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WILKES-BARRE PA AREA SCH DIST       | Wilkes-Barre Area School District/PA                       | CUSIP: 968261NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025915.40   | 2.46%             | 2059-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF      | Pennsylvania Housing Finance Agency                        | CUSIP: 70879QZ30<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042001.30   | 1.27%             | 2040-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                     | Commonwealth of Pennsylvania                               | CUSIP: 70914P2S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1226366.73   | 1.49%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $425050.56    | 0.52%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT                           | Territory of Guam                                          | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $544031.07    | 0.66%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR      | Allegheny County Airport Authority                         | CUSIP: 01728LFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $680489.78    | 0.83%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W CORNWALL TWP PA MUNI AUTH         | West Cornwall Township Municipal Authority                 | CUSIP: 95235TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $462370.88    | 0.56%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA      | Pennsylvania Higher Educational Facilities Authority       | CUSIP: 70917TSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064551.50   | 1.29%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT HOTEL OCCUPANCY TAX       | Territory of Guam                                          | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    425000 | PA      | $444095.97    | 0.54%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY PA GEN AUTH REV          | Adams County General Authority                             | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478490.05    | 0.58%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI      | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | CUSIP: 709230AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1186174.00   | 1.44%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502867.45    | 0.61%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA      | Pennsylvania Higher Educational Facilities Authority       | CUSIP: 709181CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $719455.66    | 0.88%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam Government Money Market Fund | Putnam Government Money Market Fund                        | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |   4315966 | NS      | $4315965.55   | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH         | Lancaster County Hospital Authority/PA                     | CUSIP: 514045Z30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $529130.37    | 0.64%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERBORO PA SCH DIST               | Interboro School District                                  | CUSIP: 458436YP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2413910.25   | 2.94%             | 2063-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAYS HARBOR CNTY WA PUBLIC HO      | Grays Harbor County Public Hospital District No 1          | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $668677.44    | 0.81%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY PA MUNI AUTH        | Cumberland County Municipal Authority                      | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473947.30    | 0.58%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTHS      | Chester County Industrial Development Authority            | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923871.20    | 1.12%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH          | Lancaster Industrial Development Authority                 | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $410052.70    | 0.50%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND VLY PA SCH DIST          | Cumberland Valley School District                          | CUSIP: 230822TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578841.65   | 1.92%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R      | Philadelphia Housing Authority                             | CUSIP: 71783TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523696.70    | 0.64%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R      | Philadelphia Housing Authority                             | CUSIP: 71783TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529851.90    | 0.64%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251570.33    | 0.31%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU      | Montgomery County Industrial Development Authority/PA      | CUSIP: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $549142.63    | 0.67%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT      | Allegheny County Hospital Development Authority            | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1861149.00   | 2.26%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HGR EDU BLDG      | Allegheny County Higher Education Building Authority       | CUSIP: 01728RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $620000.00    | 0.75%             | 2037-12-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA SCH DIST              | Pittsburgh School District                                 | CUSIP: 725277RF6<br>LEI: 549300DCE2NGMJO6P377 | Long             | DBT              | MUN               | US        |    995000 | PA      | $914104.41    | 1.11%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TX HSG AUTH RSDL DEV       | Beaumont Housing Authority                                 | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198553.74    | 0.24%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH         | Lancaster County Hospital Authority/PA                     | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973119.20    | 1.18%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR      | Allegheny County Airport Authority                         | CUSIP: 01728LKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060130.90   | 1.29%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 70870JEB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610181.15   | 1.96%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| W CORNWALL TWP PA MUNI AUTH         | West Cornwall Township Municipal Authority                 | CUSIP: 95235TAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $355025.21    | 0.43%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH          | Redevelopment Authority of the City of Philadelphia        | CUSIP: 717868HY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1338506.25   | 1.63%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILKES-BARRE PA FIN AUTH REVEN      | Wilkes-Barre Finance Authority                             | CUSIP: 968254CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1190516.46   | 1.45%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS PA SCH DIST               | Highlands School District                                  | CUSIP: 431095MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508612.30    | 0.62%             | 2040-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S ESTRN PA TRANSPRTN AUTH           | Southeastern Pennsylvania Transportation Authority         | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1833874.70   | 2.23%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 71781XGA5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1194112.01   | 1.45%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSBURY PA SCH DIST               | Pennsbury School District                                  | CUSIP: 708553B84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056746.90   | 1.29%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA      | Pennsylvania Higher Educational Facilities Authority       | CUSIP: 70917TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036576.10   | 1.26%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH         | Lancaster County Hospital Authority/PA                     | CUSIP: 514045V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $432475.55    | 0.53%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH          | Lancaster Industrial Development Authority                 | CUSIP: 514349CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1299328.42   | 1.58%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI      | Pennsylvania Turnpike Commission                           | CUSIP: 709225QR0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1703730.12   | 2.07%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU      | Matching Fund Special Purpose Securitization Corp          | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $334085.06    | 0.41%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHLEHEM PA REDEV AUTH UNIV R      | Bethlehem Redevelopment Authority                          | CUSIP: 087470BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531269.45   | 1.86%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS PA AREA MUNI AUTH UNIV       | Dallas Area Municipal Authority                            | CUSIP: 235171AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1230256.46   | 1.50%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH       | Chester County Industrial Development Authority            | CUSIP: 165588DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $220976.66    | 0.27%             | 2037-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE AUT      | Lehigh County General Purpose Authority                    | CUSIP: 52480RGN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1608315.68   | 1.96%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU      | Philadelphia Gas Works Co                                  | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2524913.00   | 3.07%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU      | Montgomery County Industrial Development Authority/PA      | CUSIP: 613609L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $676497.52    | 0.82%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $661436.23    | 0.80%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                  | Commonwealth of Puerto Rico                                | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $462351.30    | 0.56%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE        | City of Philadelphia PA Airport Revenue                    | CUSIP: 717817XX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $387507.80    | 0.47%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING       | Pennsylvania Economic Development Financing Authority      | CUSIP: 708692AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1286743.00   | 1.56%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046779.60   | 1.27%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA                    | County of Delaware PA                                      | CUSIP: 246001D57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050008.50   | 1.28%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLEFONTE PA AREA SCH DIST         | Bellefonte Area School District                            | CUSIP: 078764LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045000.60   | 1.27%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA CONVENTION C      | Lancaster County Convention Center Authority               | CUSIP: 514042BC3<br>LEI: 549300F347A3TMO7B762 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935353.40    | 1.14%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR      | Allegheny County Airport Authority                         | CUSIP: 01728LJA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051281.70   | 1.28%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 71780CAZ3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996293.10    | 1.21%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA      | Pennsylvania Higher Educational Facilities Authority       | CUSIP: 70917TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092738.70   | 1.33%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH          | Lancaster Industrial Development Authority                 | CUSIP: 51434NAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $821867.28    | 1.00%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA                       | City of Pittsburgh PA                                      | CUSIP: 725209SQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423444.24    | 0.51%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI      | Pennsylvania Turnpike Commission                           | CUSIP: 709225NY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075131.80   | 1.31%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LACKAWANNA CNTY PA INDL DEV AU      | Lackawanna County Industrial Development Authority         | CUSIP: 505493AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1483518.90   | 1.80%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST FIN AUTH            | Pennsylvania Finance Authority                             | CUSIP: 70915CEF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936866.20    | 1.14%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU      | Montgomery County Industrial Development Authority/PA      | CUSIP: 613609L20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $389946.72    | 0.47%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH HL      | Lancaster County Hospital Authority/PA                     | CUSIP: 51404PAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873128.30    | 1.06%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 717908AL1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306686.82    | 0.37%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE      | South Carolina Jobs-Economic Development Authority         | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    730000 | PA      | $684860.74    | 0.83%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA                    | County of Delaware PA                                      | CUSIP: 246001A68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044147.50   | 1.27%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| W CORNWALL TWP PA MUNI AUTH         | West Cornwall Township Municipal Authority                 | CUSIP: 95235TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $442973.53    | 0.54%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI      | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | CUSIP: 709221SB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1800355.80   | 2.19%             | 2038-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN COMMERCIAL & INDL DE      | Allentown Commercial and Industrial Development Authority  | CUSIP: 01843AAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $535656.11    | 0.65%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH       | Chester County Industrial Development Authority            | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $742231.13    | 0.90%             | 2052-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T      | Territory of Guam                                          | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1250520.31   | 1.52%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                  | Commonwealth of Puerto Rico                                | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    350000 | PA      | $336497.95    | 0.41%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH HL      | Lancaster County Hospital Authority/PA                     | CUSIP: 51404PAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1128071.48   | 1.37%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE        | City of Philadelphia PA Airport Revenue                    | CUSIP: 717817XW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295530.66    | 0.36%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    615000 | PA      | $625269.89    | 0.76%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL       | Philadelphia Authority for Industrial Development          | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981083.30    | 1.19%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI      | Pennsylvania Turnpike Commission                           | CUSIP: 709224DX4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016668.80   | 1.24%             | 2037-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHELTENHAM TWP PA INDL DEV AUT      | Cheltenham Township Industrial Development Authority       | CUSIP: 163492AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $344717.70    | 0.42%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA INDL DEV AUTH UN      | Bucks County Industrial Development Authority              | CUSIP: 118618AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234934.85    | 0.29%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU      | Montgomery County Industrial Development Authority/PA      | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $496228.87    | 0.60%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH         | Lancaster County Hospital Authority/PA                     | CUSIP: 514045X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087037.20   | 1.32%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS PA SCH DIST               | Highlands School District                                  | CUSIP: 431095MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $702717.54    | 0.85%             | 2043-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

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