# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-25-014949
**Filing Date:** 2025-12
**Character Count:** 11259
**Document Hash:** 6651326d191d28d5f54fbfb4efc82756
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014949.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014949

**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:** 251606223

**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:** 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 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:** 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:** $247089453.55

**Total Liabilities:** $148085.52

**Net Assets:** $246941368.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237307 | 0.81%                | -6.59%               | -0.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-662696.54              | $2028408.23                                |
| Month 2  | $-518929.89              | $-20830006.19                              |
| Month 3  | $-855509.71              | $-488811.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Runway Growth Finance Corp          | Runway Growth Finance Corp          | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |    534001 | NS      | $5281269.89   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fun      | Blackstone Secured Lending Fund     | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |    741416 | NS      | $19603039.04  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Capital Corp            | Main Street Capital Corp            | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |    366318 | NS      | $20850820.56  | 8.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp                   | Ares Capital Corp                   | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |   1402740 | NS      | $28545759.00  | 11.56%            |  |  |  | No            |                  1 | On Loan: No      |
| SuRo Capital Corp                   | SuRo Capital Corp                   | CUSIP: 86887Q109<br>LEI: 549300YR4IAV0VJFWN84 | Long             | EC               | CORP              | US        |    205907 | NS      | $2098192.33   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street Specialty Lending      | Sixth Street Specialty Lending Inc  | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |    591974 | NS      | $13390451.88  | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Capital Inc                | Hercules Capital Inc                | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |   1023944 | NS      | $18349076.48  | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Income Fund Inc                 | MSC Income Fund Inc                 | CUSIP: 55374X208<br>LEI: 254900XHQK9DKZDIPC91 | Long             | EC               | CORP              | US        |    374794 | NS      | $4782371.44   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Capital BDC Inc            | Crescent Capital BDC Inc            | CUSIP: 225655109<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EC               | CORP              | US        |    586681 | NS      | $8283935.72   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Financial Investment Co      | MidCap Financial Investment Corp    | CUSIP: 03761U502<br>LEI: 5493005P14I7WFB3FW47 | Long             | EC               | CORP              | US        |    856545 | NS      | $10398456.30  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Co      | Blue Owl Technology Finance Corp    | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |    346271 | NS      | $4965526.14   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Southwest Corp              | Capital Southwest Corp              | CUSIP: 140501107<br>LEI: 54930023YZ4YEJEDBO56 | Long             | EC               | CORP              | US        |    291990 | NS      | $5933236.80   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Government Money Market Fund | Putnam Government Money Market Fund | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |    103592 | NS      | $103592.38    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Direct Lending       | Morgan Stanley Direct Lending Fund  | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |    406812 | NS      | $6895463.40   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SLR Investment Corp                 | SLR Investment Corp                 | CUSIP: 83413U100<br>LEI: BJOT6DX9ML6BR3Z0O636 | Long             | EC               | CORP              | US        |    426241 | NS      | $6508700.07   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp               | Blue Owl Capital Corp               | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |   1789919 | NS      | $23304745.38  | 9.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC Inc                     | Barings BDC Inc                     | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |    960520 | NS      | $8644680.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Capital Inc                 | Trinity Capital Inc                 | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |    655382 | NS      | $9889714.38   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidus Investment Corp               | Fidus Investment Corp               | CUSIP: 316500107<br>LEI: 549300836CRWCROFBC02 | Long             | EC               | CORP              | US        |    183772 | NS      | $3774676.88   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR Capital Corp                 | FS KKR Capital Corp                 | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |    710264 | NS      | $10717883.76  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson BDC Inc              | Kayne Anderson BDC Inc              | CUSIP: 48662X105<br>LEI: 213800L27Z3YODNCUQ03 | Long             | EC               | CORP              | US        |    481966 | NS      | $6921031.76   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital BDC Inc               | Golub Capital BDC Inc               | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |   1059591 | NS      | $14929637.19  | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| New Mountain Finance Corp           | New Mountain Finance Corp           | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | CORP              | US        |    498185 | NS      | $4817448.95   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bain Capital Specialty Finance      | Bain Capital Specialty Finance Inc  | CUSIP: 05684B107<br>LEI: 549300V2JL72R0EYBK64 | Long             | EC               | CORP              | US        |    520695 | NS      | $7326178.65   | 2.97%             |  |  |  | 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