# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-012039
**Filing Date:** 2026-3
**Character Count:** 47815
**Document Hash:** a186c3e35dbe7f64ad24f909b6ed8968
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012039.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000940400-26-012039

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**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:** 26812315

**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 Emerging Markets ex-China ETF (Series ID: S000077139)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237309 | -            |  |

## Nport-Ex

Schedule of Investments (unaudited)

January 31, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Putnam Emerging Markets ex-China ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Common Stocks — 94.3%** | **Common Stocks — 94.3%** | **Common Stocks — 94.3%** |
| **Communication Services — 7.3%** | **Communication Services — 7.3%** | **Communication Services — 7.3%** |
| *Wireless Telecommunication Services — 7.3%* | *Wireless Telecommunication Services — 7.3%* | *Wireless Telecommunication Services — 7.3%* |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | &nbsp;&nbsp; 22026 | &nbsp;&nbsp;&nbsp; $471396<br>|
| &nbsp;&nbsp;&nbsp; Etihad Etisalat Co. | &nbsp;&nbsp; 11527 | &nbsp;&nbsp;&nbsp; 216360<br>|
| &nbsp;&nbsp;&nbsp; Far EasTone Telecommunications Co. Ltd. | &nbsp;&nbsp; 68000 | &nbsp;&nbsp;&nbsp; 191878<br>|
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp; 18281 | &nbsp;&nbsp;&nbsp; 204756<br>|
| &nbsp;&nbsp;&nbsp; TIM SA | &nbsp;&nbsp; 47460 | &nbsp;&nbsp;&nbsp; 221124<br>|
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1305514** |
| **Consumer Discretionary — 4.9%** | **Consumer Discretionary — 4.9%** | **Consumer Discretionary — 4.9%** |
| *Automobiles — 2.3%* | *Automobiles — 2.3%* | *Automobiles — 2.3%* |
| &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. | &nbsp;&nbsp; 10843 | &nbsp;&nbsp;&nbsp; *404522*<br>|
| *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR | &nbsp;&nbsp; 914 | &nbsp;&nbsp;&nbsp; *106,472*<br> \*<br>|
| *Hotels, Restaurants & Leisure — 2.0%* | *Hotels, Restaurants & Leisure — 2.0%* | *Hotels, Restaurants & Leisure — 2.0%* |
| &nbsp;&nbsp;&nbsp; Eternal Ltd. | &nbsp;&nbsp; 48275 | &nbsp;&nbsp;&nbsp; 143,585<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Indian Hotels Co. Ltd. | &nbsp;&nbsp; 29925 | &nbsp;&nbsp;&nbsp; 219312<br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *362897* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **873891** |
| **Consumer Staples — 1.0%** | **Consumer Staples — 1.0%** | **Consumer Staples — 1.0%** |
| *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | &nbsp;&nbsp; 6588 | &nbsp;&nbsp;&nbsp; *30670*<br>|
| *Household Products — 0.1%* | *Household Products — 0.1%* | *Household Products — 0.1%* |
| &nbsp;&nbsp;&nbsp; Unilever Indonesia Tbk PT | &nbsp;&nbsp; 256600 | &nbsp;&nbsp;&nbsp; *29428*<br>|
| *Personal Care Products — 0.7%* | *Personal Care Products — 0.7%* | *Personal Care Products — 0.7%* |
| &nbsp;&nbsp;&nbsp; APR Corp. | &nbsp;&nbsp; 658 | &nbsp;&nbsp;&nbsp; *123426*<br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **183524** |
| **Financials — 24.0%** | **Financials — 24.0%** | **Financials — 24.0%** |
| *Banks — 18.0%* | *Banks — 18.0%* | *Banks — 18.0%* |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp; 62839 | &nbsp;&nbsp;&nbsp; 416474<br>|
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank | &nbsp;&nbsp; 8229 | &nbsp;&nbsp;&nbsp; 235196<br>|
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk PT | &nbsp;&nbsp; 386900 | &nbsp;&nbsp;&nbsp; 170573<br>|
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp; 173000 | &nbsp;&nbsp;&nbsp; 279813<br>|
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O Shares | &nbsp;&nbsp; 15759 | &nbsp;&nbsp;&nbsp; 178159<br>|
| &nbsp;&nbsp;&nbsp; ICICI Bank Ltd. | &nbsp;&nbsp; 26136 | &nbsp;&nbsp;&nbsp; 384990<br>|
| &nbsp;&nbsp;&nbsp; KB Financial Group Inc. | &nbsp;&nbsp; 4644 | &nbsp;&nbsp;&nbsp; 436202<br>|
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp; 13231 | &nbsp;&nbsp;&nbsp; 233917<br>|
| &nbsp;&nbsp;&nbsp; NU Holdings Ltd., Class A Shares | &nbsp;&nbsp; 14004 | &nbsp;&nbsp;&nbsp; 248,571<br> \*<br>|
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt | &nbsp;&nbsp; 3392 | &nbsp;&nbsp;&nbsp; 427343<br>|
| &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp; 7307 | &nbsp;&nbsp;&nbsp; 190397<br>|
| *Total Banks* | *Total Banks* | &nbsp;&nbsp; *3201635* |
| *Capital Markets — 0.7%* | *Capital Markets — 0.7%* | *Capital Markets — 0.7%* |
| &nbsp;&nbsp;&nbsp; HDFC Asset Management Co. Ltd. | &nbsp;&nbsp; 4750 | &nbsp;&nbsp;&nbsp;&nbsp; *129904*<br> <sup>(a)</sup><br>|
| *Financial Services — 2.5%* | *Financial Services — 2.5%* | *Financial Services — 2.5%* |
| &nbsp;&nbsp;&nbsp; Aditya Birla Capital Ltd. | &nbsp;&nbsp; 54544 | &nbsp;&nbsp;&nbsp; 201,484<br> \*<br>|
| &nbsp;&nbsp;&nbsp; FirstRand Ltd. | &nbsp;&nbsp; 42323 | &nbsp;&nbsp;&nbsp; 242456<br>|
| *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *443940* |

---

See Notes to Schedule of Investments.

------

Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

January 31, 2026

 **Putnam Emerging Markets ex-China ETF**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Insurance — 2.8%* | *Insurance — 2.8%* | *Insurance — 2.8%* |
| &nbsp;&nbsp;&nbsp; Powszechny Zaklad Ubezpieczen SA | &nbsp;&nbsp; 8639 | &nbsp;&nbsp;&nbsp; $170397<br>|
| &nbsp;&nbsp;&nbsp; Rasan Information Technology Co. | &nbsp;&nbsp; 8529 | &nbsp;&nbsp;&nbsp; 318,357<br> \*<br>|
| *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *488754* |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **4264233** |
| **Health Care — 1.2%** | **Health Care — 1.2%** | **Health Care — 1.2%** |
| *Health Care Providers & Services — 1.2%* | *Health Care Providers & Services — 1.2%* | *Health Care Providers & Services — 1.2%* |
| &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp; 2829 | &nbsp;&nbsp;&nbsp; **214065**<br>|
| **Industrials — 10.0%** | **Industrials — 10.0%** | **Industrials — 10.0%** |
| *Aerospace & Defense — 1.2%* | *Aerospace & Defense — 1.2%* | *Aerospace & Defense — 1.2%* |
| &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co. Ltd. | &nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp; *206,822*<br> \*<br>|
| *Construction & Engineering — 1.6%* | *Construction & Engineering — 1.6%* | *Construction & Engineering — 1.6%* |
| &nbsp;&nbsp;&nbsp; Gamuda Bhd | &nbsp;&nbsp; 69925 | &nbsp;&nbsp;&nbsp; 78404<br>|
| &nbsp;&nbsp;&nbsp; Larsen & Toubro Ltd. | &nbsp;&nbsp; 4672 | &nbsp;&nbsp;&nbsp; 199720<br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *278124* |
| *Electrical Equipment — 1.4%* | *Electrical Equipment — 1.4%* | *Electrical Equipment — 1.4%* |
| &nbsp;&nbsp;&nbsp; GE Vernova T&D India Ltd. | &nbsp;&nbsp; 6966 | &nbsp;&nbsp;&nbsp; *244623*<br>|
| *Industrial Conglomerates — 2.7%* | *Industrial Conglomerates — 2.7%* | *Industrial Conglomerates — 2.7%* |
| &nbsp;&nbsp;&nbsp; Samsung C&T Corp. | &nbsp;&nbsp; 2326 | &nbsp;&nbsp;&nbsp; *487209*<br>|
| *Machinery — 1.3%* | *Machinery — 1.3%* | *Machinery — 1.3%* |
| &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co. Ltd. | &nbsp;&nbsp; 11398 | &nbsp;&nbsp;&nbsp; *233,202*<br> \*<br>|
| *Transportation Infrastructure — 1.8%* | *Transportation Infrastructure — 1.8%* | *Transportation Infrastructure — 1.8%* |
| &nbsp;&nbsp;&nbsp; International Container Terminal Services Inc. | &nbsp;&nbsp; 29340 | &nbsp;&nbsp;&nbsp; *319907*<br>|
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **1769887** |
| **Information Technology — 35.8%** | **Information Technology — 35.8%** | **Information Technology — 35.8%** |
| *Electronic Equipment, Instruments & Components — 1.6%* | *Electronic Equipment, Instruments & Components — 1.6%* | *Electronic Equipment, Instruments & Components — 1.6%* |
| &nbsp;&nbsp;&nbsp; Elite Material Co. Ltd. | &nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp; *277248*<br>|
| *Semiconductors & Semiconductor Equipment — 24.1%* | *Semiconductors & Semiconductor Equipment — 24.1%* | *Semiconductors & Semiconductor Equipment — 24.1%* |
| &nbsp;&nbsp;&nbsp; King Yuan Electronics Co. Ltd. | &nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp; 348014<br>|
| &nbsp;&nbsp;&nbsp; SK hynix Inc. | &nbsp;&nbsp; 806 | &nbsp;&nbsp;&nbsp; 509000<br>|
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp; 3440578<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *4297592* |
| *Technology Hardware, Storage & Peripherals — 10.1%* | *Technology Hardware, Storage & Peripherals — 10.1%* | *Technology Hardware, Storage & Peripherals — 10.1%* |
| &nbsp;&nbsp;&nbsp; Asia Vital Components Co. Ltd. | &nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp; 185574<br>|
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp; 13844 | &nbsp;&nbsp;&nbsp; 1543672<br>|
| &nbsp;&nbsp;&nbsp; Wistron Corp. | &nbsp;&nbsp; 17000 | &nbsp;&nbsp;&nbsp; 70496<br>|
| *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | &nbsp;&nbsp; *1799742* |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **6374582** |
| **Materials — 3.2%** | **Materials — 3.2%** | **Materials — 3.2%** |
| *Construction Materials — 1.5%* | *Construction Materials — 1.5%* | *Construction Materials — 1.5%* |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | &nbsp;&nbsp; 1894 | &nbsp;&nbsp;&nbsp; *261366*<br>|
| *Metals & Mining — 1.7%* | *Metals & Mining — 1.7%* | *Metals & Mining — 1.7%* |
| &nbsp;&nbsp;&nbsp; Anglogold Ashanti PLC | &nbsp;&nbsp; 3282 | &nbsp;&nbsp;&nbsp; *313016*<br>|
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **574382** |
| **Real Estate — 1.6%** | **Real Estate — 1.6%** | **Real Estate — 1.6%** |
| *Real Estate Management & Development — 1.6%* | *Real Estate Management & Development — 1.6%* | *Real Estate Management & Development — 1.6%* |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp; 69030 | &nbsp;&nbsp;&nbsp; **281947**<br>|

---

See Notes to Schedule of Investments.

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Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

------

 **Putnam Emerging Markets ex-China ETF**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security |  | Shares | Value |
| **Utilities — 5.3%** | **Utilities — 5.3%** | **Utilities — 5.3%** | **Utilities — 5.3%** |
| *Electric Utilities — 1.3%* | *Electric Utilities — 1.3%* | *Electric Utilities — 1.3%* | *Electric Utilities — 1.3%* |
| &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. | &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. | &nbsp;&nbsp; 5890 | &nbsp;&nbsp;&nbsp; $*238,563*<br> \*<br>|
| *Independent Power and Renewable Electricity Producers — 2.0%* | *Independent Power and Renewable Electricity Producers — 2.0%* | *Independent Power and Renewable Electricity Producers — 2.0%* | *Independent Power and Renewable Electricity Producers — 2.0%* |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp; 90963 | &nbsp;&nbsp;&nbsp; *352035*<br>|
| *Water Utilities — 2.0%* | *Water Utilities — 2.0%* | *Water Utilities — 2.0%* | *Water Utilities — 2.0%* |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao Paulo SABESP | &nbsp;&nbsp; 13138 | &nbsp;&nbsp;&nbsp; *352548*<br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **943146** |
| **Total Common Stocks (Cost — $10,995,038)** | **Total Common Stocks (Cost — $10,995,038)** | **Total Common Stocks (Cost — $10,995,038)** | &nbsp;&nbsp;&nbsp; **16785171**<br>|
|  | Rate |  |  |
| **Preferred Stocks — 2.5%** | **Preferred Stocks — 2.5%** | **Preferred Stocks — 2.5%** | **Preferred Stocks — 2.5%** |
| **Financials — 2.5%** | **Financials — 2.5%** | **Financials — 2.5%** | **Financials — 2.5%** |
| *Banks — 2.5%* | *Banks — 2.5%* | *Banks — 2.5%* | *Banks — 2.5%* |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA (Cost — $331,092) | &nbsp;&nbsp; 0.033% | &nbsp;&nbsp; 51603 | &nbsp;&nbsp;&nbsp;&nbsp; **446143**<br> <sup>(b)</sup><br>|
| **Total Investments before Short-Term Investments (Cost — $11,326,130)** | **Total Investments before Short-Term Investments (Cost — $11,326,130)** | **Total Investments before Short-Term Investments (Cost — $11,326,130)** | &nbsp;&nbsp; **17231314** |
| **Short-Term Investments — 2.6%** | **Short-Term Investments — 2.6%** | **Short-Term Investments — 2.6%** | **Short-Term Investments — 2.6%** |
| &nbsp;&nbsp;&nbsp; Putnam Government Money Market Fund, Class P Shares (Cost — $457,472)  | &nbsp;&nbsp; 3.430% | &nbsp;&nbsp; 457472<br>| &nbsp;&nbsp;&nbsp;&nbsp; **457472**<br> <sup>(c)(d)</sup><br>|
| **Total Investments — 99.4% (Cost — $11,783,602)** | **Total Investments — 99.4% (Cost — $11,783,602)** | **Total Investments — 99.4% (Cost — $11,783,602)** | &nbsp;&nbsp; **17688786** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.6% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.6% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.6% | &nbsp;&nbsp;&nbsp; 102283 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$17791069** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

<sup>(a)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. 

<sup>(b)</sup> The rate shown represents the yield as of January 31, 2026.

<sup>(c)</sup> Rate shown is one-day yield as of the end of the reporting period. 

<sup>(d)</sup> In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At January 31, 2026, the total market value of investments in Affiliated Companies was $457,472 and the cost was $457,472 (Note 2). 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ADR |  | American Depositary Receipts |
| PJSC |  | Private Joint Stock Company |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

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Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Putnam Emerging Markets ex-China ETF (the "Fund") is a separate non-diversified investment series of Putnam ETF Trust (the "Trust"). The Trust, a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund is an actively managed exchange-traded fund ("ETF"). ETFs are funds that trade like other publicly-traded securities. Unlike shares of a mutual fund, which can be bought from and redeemed by the issuing fund by all shareholders at a price based on net asset value ("NAV"), shares of the Fund may be directly purchased from and redeemed by the Fund at NAV solely by certain large institutional investors who have entered into agreements with the Fund's distributor ("Authorized Participants"). Also unlike shares of a mutual fund, shares of the Fund are listed on a national securities exchange and trade in the secondary market at market prices that change throughout the day.

Shares of the Fund are listed and traded at market prices on NYSE Arca, Inc. The market price for the Fund's shares may be different from the Fund's NAV. The Fund issues and redeems shares at NAV only in blocks of a specified number of shares or multiples thereof ("Creation Units"). Only Authorized Participants may purchase or redeem Creation Units directly with the Fund at NAV. Creation Units are created and redeemed principally in-kind (although under some circumstances its shares are created and redeemed partially for cash). Except when aggregated in Creation Units, shares of the Fund are not redeemable securities. Shareholders who are not Authorized Participants may not redeem shares directly from the Fund at NAV.

The Fund seeks long-term capital appreciation.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will use the currency exchange rates, generally determined as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from

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Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

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market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; $16785171 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $16785171 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 446143 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 446143 |
| Total Long-Term Investments | &nbsp;&nbsp; 17231314 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 17231314 |
| Short-Term Investments† | &nbsp;&nbsp; 457472 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 457472 |
| **Total Investments** | &nbsp;&nbsp; **$17688786** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$17688786** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended January 31, 2026. The following transactions were effected in such company for the period ended January 31, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>April 30, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>April 30, <br>2025 | Cost | Shares | Proceeds | Shares |
| Putnam Government <br> Money Market Fund, <br> Class P Shares<br>| $237771 | $6708312 | 6708312 | $6488611 | 6488611 |

---

------

Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>January 31, <br>2026<br>|
| Putnam Government Money <br> Market Fund, Class P Shares<br>|  | $14834 |  | $457472 |

---

------

Putnam Emerging Markets ex-China ETF 2026 Quarterly Report

------

## 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 Emerging Markets ex-China ETF

- **b. EDGAR series identifier (if any):** S000077139

- **c. LEI of Series:** 549300O5GUFQ0IEIQS09

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

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

- **b. Date as of which information is reported:** 2026-01-30

**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:** $17799493.99

**Total Liabilities:** $9982.24

**Net Assets:** $17789511.75

**Cash Not Reported:** $37788.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237309 | -1.49%               | 4.08%                | 10.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $159176.84               | $-423708.32                                |
| Month 2  | $242152.47               | $323531.55                                 |
| Month 3  | $38177.22                | $1704883.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sea Ltd                             | Sea Ltd                                                | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |       914 | NS      | $106471.86    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc               | Anglogold Ashanti Plc                                  | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |      3771 | NS      | $359653.54    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc              | KB Financial Group Inc                                 | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      4644 | NS      | $436201.75    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                | Taiwan Semiconductor Manufacturing Co Ltd              | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     61000 | NS      | $3440578.33   | 19.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC               | Emaar Properties PJSC                                  | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |     69030 | NS      | $281946.90    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications      | Far EasTone Telecommunications Co Ltd                  | CUSIP: 000000000<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |     68000 | NS      | $191877.98    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Indonesia Tbk PT           | Unilever Indonesia Tbk PT                              | CUSIP: 000000000<br>LEI: 549300MUHUFNRRI19O72 | Long             | EC               | CORP              | ID        |    256600 | NS      | $29428.36     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd               | Elite Material Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5000 | NS      | $277248.17    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp           | Korea Electric Power Corp                              | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      5890 | NS      | $238562.60    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                       | TIM SA/Brazil                                          | CUSIP: 000000000<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |     52511 | NS      | $244657.21    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci B      | Powszechna Kasa Oszczednosci Bank Polski SA            | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |      7307 | NS      | $190397.43    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                         | Eternal Ltd                                            | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |     48275 | NS      | $143585.16    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc                        | SK hynix Inc                                           | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       806 | NS      | $508999.58    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Asset Management Co Ltd        | HDFC Asset Management Co Ltd                           | CUSIP: 000000000<br>LEI: 3358002FLK8AK8WSEP31 | Long             | EC               | CORP              | IN        |      4750 | NS      | $129904.33    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA            | Itau Unibanco Holding SA                               | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     51603 | NS      | $446142.51    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                   | Bharti Airtel Ltd                                      | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     22026 | NS      | $471396.51    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd             | Hanwha Aerospace Co Ltd                                | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |       229 | NS      | $206822.29    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Aditya Birla Capital Ltd            | Aditya Birla Capital Ltd                               | CUSIP: 000000000<br>LEI: 5299009K0PUXVSIRL787 | Long             | EC               | CORP              | IN        |     54544 | NS      | $201484.45    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UltraTech Cement Ltd                | UltraTech Cement Ltd                                   | CUSIP: 000000000<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |      1894 | NS      | $261366.34    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                       | Al Rajhi Bank                                          | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |      8229 | NS      | $235195.78    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| APR Corp/Korea                      | APR Corp/Korea                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       658 | NS      | $123426.43    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Rasan Information Technology C      | Rasan Information Technology Co                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      8529 | NS      | $318356.57    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Vital Components Co Ltd        | Asia Vital Components Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      4000 | NS      | $185573.56    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Etihad Etisalat Co                  | Etihad Etisalat Co                                     | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     11527 | NS      | $216359.83    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Lt      | Apollo Hospitals Enterprise Ltd                        | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |      2829 | NS      | $214064.46    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova T&D India Ltd            | GE Vernova T&D India Ltd                               | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |      6966 | NS      | $244623.13    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIAN CAP GAINS TAX                | INDIAN CAP GAINS TAX                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA          | National Bank of Greece SA                             | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     13231 | NS      | $233917.32    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                 | Larsen & Toubro Ltd                                    | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |      4672 | NS      | $199719.59    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT            | Bank Central Asia Tbk PT                               | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    386900 | NS      | $170572.54    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                       | OTP Bank Nyrt                                          | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |      3392 | NS      | $427343.36    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp                    | Samsung C&T Corp                                       | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |      2326 | NS      | $487209.25    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                       | FirstRand Ltd                                          | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |     42323 | NS      | $242455.80    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB d      | Grupo Financiero Banorte SAB de CV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     15759 | NS      | $178158.94    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands      | NU Holdings Ltd/Cayman Islands                         | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |     14004 | NS      | $248571.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es      | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     14538 | NS      | $390115.54    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corp                        | Wistron Corp                                           | CUSIP: 000000000<br>LEI: 254900DIEONKUALBFM06 | Long             | EC               | CORP              | TW        |     17000 | NS      | $70495.71     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co Ltd       | CTBC Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 549300IWDYIFW6JXM387 | Long             | EC               | CORP              | TW        |    173000 | NS      | $279812.52    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamuda Bhd                          | Gamuda Bhd                                             | CUSIP: 000000000<br>LEI: 254900RW4N94L9KA9137 | Long             | EC               | CORP              | MY        |     69925 | NS      | $78403.98     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PZU                                 | Powszechny Zaklad Ubezpieczen SA                       | CUSIP: 000000000<br>LEI: QLPCKOOKVX32FUELX240 | Long             | EC               | CORP              | PL        |      8639 | NS      | $170397.16    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                       | MTN Group Ltd                                          | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     18281 | NS      | $204756.25    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| King Yuan Electronics Co Ltd        | King Yuan Electronics Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     37000 | NS      | $348013.98    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd          | Samsung Electronics Co Ltd                             | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     13844 | NS      | $1543672.36   | 8.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Heavy Industries Co Lt      | Samsung Heavy Industries Co Ltd                        | CUSIP: 000000000<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |     11398 | NS      | $233202.10    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Hotels Co Ltd/The            | Indian Hotels Co Ltd/The                               | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |     29925 | NS      | $219311.74    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd             | Mahindra & Mahindra Ltd                                | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     10843 | NS      | $404522.43    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                      | ICICI Bank Ltd                                         | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     26136 | NS      | $384990.13    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd                            | NTPC Ltd                                               | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |     90963 | NS      | $352035.09    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ICTSI                               | International Container Terminal Services Inc          | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     29340 | NS      | $319906.93    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC         | Abu Dhabi Islamic Bank PJSC                            | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     62839 | NS      | $416474.13    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Government Money Market Fund | Putnam Government Money Market Fund                    | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |    457472 | NS      | $457472.42    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

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