INVESTORS Login About Putnam Careers Contact us Products How we invest Retirement College savings Perspectives Forms Tax center My accounts Home ETF Select another fund: Putnam Focused Large Cap Growth ETF Putnam Focused Large Cap Value ETF Putnam Sustainable Future ETF Putnam Sustainable Leaders ETF Email LinkedIn Twitter Facebook ACTIVE ETF Putnam Sustainable Leaders ETF (PLDR) Investing in companies demonstrating leadership in material sustainability issues Investment strategy also available as: Select investment type Putnam Sustainable Leaders Fund (Mutual fund) Select another fund: Putnam Focused Large Cap Growth ETF Putnam Focused Large Cap Value ETF Putnam Sustainable Future ETF Putnam Sustainable Leaders ETF HIGHLIGHTS MANAGEMENT LITERATURE PERFORMANCE HOLDINGS This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example: You may have to pay more money to trade the ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information. The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared with other ETFs because it provides less information to traders. These additional risks may be even greater in bad or uncertain market conditions. The ETF will publish on its website each day a Tracking Basket designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF's performance. If other traders are able to copy or predict the ETF's investment strategy, however, this may hurt the ETF's performance. For additional information regarding the unique attributes and risks of the ETF, see disclosure below and the Principal Investment Risks section of the prospectus. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns. The funds have limited public-trading history and will operate differently from other actively managed ETFs that publish their portfolio holdings on a daily basis. NAV as of 12/02/21 $27.35 Market data all data below as of 12/02/21 Closing market price $27.32 30-day median bid-ask spread 0.11% Day high $27.40 Day low $27.32 Premium/Discount -0.13% 30-day average trading volume 326 HOW TO BUY PUTNAM ETFs Putnam ETFs can be purchased and sold the same way you would buy or sell a stock — through most self-directed brokers or with the guidance of your advisor. Opening an online, self-directed brokerage account provides investors with: Accessibility to a variety of investment products Tools to help you build and optimize your portfolio Flexibility and freedom of managing your investment portfolio See available brokerages Learn about Putnam Active ETFs ETF facts as of 11/30/21 Ticker PLDR Intraday NAV Ticker PLDRIV CUSIP 746729102 Inception date 05/25/21 Total net assets $7.54M Total expense ratio 0.59% Open to new investors Category Growth Turnover (fiscal year-end) -- Dividend frequency Annually Number of holdings 59 Fiscal year-end August Objective Putnam Sustainable Leaders ETF seeks long-term capital appreciation. Strategy and process Leadership focus The portfolio invests in companies that have demonstrated leadership in sustainability issues that are financially material to their business context. Active strategy A framework grounded in fundamental research and focused on financially material sustainability issues drives investment decisions. Experienced team An experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups. Management team Katherine Collins, CFA, MTS Head of Sustainable Investing 31 years in industry 4 years at Putnam Investments See full profile Other products managed Sustainable Future Fund Sustainable Leaders Fund Putnam Sustainable Future ETF Putnam Sustainable Leaders ETF Stephanie Dobson Portfolio Manager 10 years in industry 4 years at Putnam Investments See full profile Other products managed Sustainable Future Fund Sustainable Leaders Fund Putnam Sustainable Future ETF Putnam Sustainable Leaders ETF Literature Fund information Fact Sheet (PDF) Annual Report (PDF) Legal documents Prospectuses/SAI Related/Investment insights Risk managers: Essential partners for delivering performance A successful risk team is one that can analyze multiple measures of risk and work with investment teams before trades are executed to capture alpha. Emerging markets leading the way in innovation Innovation is driving exciting growth across emerging market countries. Performance Total return (%) as of 09/30/21 Annual Cumulative Net asset value Market price 1 yr. 3 yrs. 5 yrs. Life 0% 1% 2% 3% 4% Cumulative performance 1 yr. 3 yrs. 5 yrs. Life Net asset value -- -- -- 3.64% Market price -- -- -- 3.76% Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Returns for periods of less than one year are not annualized. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time. Market performance does not represent the returns you would receive if you traded shares at other times throughout the day. Performance snapshot Net asset value Market price 1 mt. as of 11/30/21 -1.71% -1.74% YTD - - Historical premium/discount 2021 Q3 Number of days at premium 21 Number of days at NAV 0 Number of days at discount 43 11. Jul 23. Jul 03. Aug 15. Aug 26. Aug 07. Sep 18. Sep 30. S… -1% 0% 1% Holdings Top 10 holdings as of 10/31/21 Microsoft Corp 8.73% Apple 7.17% Amazon.Com 4.79% Adobe 2.99% Danaher Corp 2.71% Thermo Fisher Scientific 2.50% Bank Of America Corp 2.43% Eli Lilly 2.00% Visa 1.97% Johnson Controls International 1.92% Top 10 holdings, percent of portfolio 37.21% Prior top 10 holdings Full portfolio Select month Tracking Basket information as of 12/02/21 Tracking Basket Export to Excel Tracking Basket overlap 79.54% The Tracking Basket methodology maintains confidentiality of a portfolio's securities and trading strategies by disclosing a "tracking basket" composed of select recently disclosed portfolio holdings, liquid U.S. ETFs that convey information about the types of instruments in which the fund invests, and cash and cash equivalents. This Tracking Basket is disclosed daily and is used to facilitate the creation and redemption process with Authorized Participants (APs). Actual portfolio holdings for the Putnam ETFs will be disclosed on Putnam.com within eight business days following calendar quarter-end. Top industry sectors as of 10/31/21 Information technology 33.05% Health care 16.08% Consumer discretionary 14.11% Financials 9.10% Industrials 8.92% Materials 4.72% Consumer staples 3.85% Utilities 3.38% Cash and net other assets 2.78% Other 4.01% Sectors will vary over time. The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index. Consider these risks before investing: Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Investments in small and/or midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. Investing with a focus on companies that exhibit a commitment to sustainable business practices may result in the fund investing in certain types of companies, industries or sectors that underperform the market as a whole. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. In addition, a company's business practices, products, or services may change over time. As a result of these possibilities, among others, the fund may temporarily hold securities that are inconsistent with the fund's sustainable investment criteria. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. Products Annuities Closed-end funds College savings Mutual funds Active ETFs Retirement plans/DCIO Insights Market Outlooks Perspectives Wealth Management [ADVISOR-ONLY] Research tools FundVisualizer® [ADVISOR-ONLY] Muni bond advantage PlanVisualizer™ [ADVISOR-ONLY] TargetDateVisualizer® [ADVISOR-ONLY] Tax-equivalent yield calculator Investment strategies 4- and 5-star funds How we invest Account support Shareholder accounts Contact Putnam Forms and applications Support and FAQs Tax center About Putnam Careers Contact us Newsroom Site map Sustainability at Putnam Important risk considerations: Investing involves risks; principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns. The funds have limited public-trading history and will operate differently from other actively managed ETFs that publish their portfolio holdings on a daily basis. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Value stocks may fail to rebound, and the market may not favor value-style investing. The price of stocks of small and mid-size companies may fluctuate more than stocks of larger companies. Sustainable Leaders ETF and Sustainable Future ETF: Sustainable investing may result in the fund investing in certain types of companies, industries, or sectors that the market may not favor. Focused Large Cap Growth ETF and Focused Large Cap Value ETF: Each fund is non-diversified and invests in fewer issuers and is more vulnerable than a more broadly diversified fund to fluctuations in the values of the securities it holds. Tracking Basket risk. The fund’s Tracking Basket structure may affect the price at which shares of the fund trade in the secondary market. Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the fund at or close to the fund’s NAV per share, there is a risk that market prices will vary significantly from NAV. ETFs trading based on a published Tracking Basket may trade at wider bid/ask spread than ETFs that publish their portfolios daily, and therefore, may cost investors more to trade. These risks may be increased during periods of market disruption or volatility. Arbitrage risk. The fund will provide certain information intended to allow market participants to estimate the value of positions in fund shares. Although this information is designed to facilitate arbitrage opportunities in fund shares to reduce bid/ask spread and minimize discounts or premiums between the market price and NAV of fund shares, there is no guarantee the fund’s arbitrage mechanism will operate as intended and that the fund will not experience wide bid/ask spread and/or large discount or premium to NAV. Predator trading risk. Although the fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket, or reverse engineer the arbitrage mechanism to identify the fund’s trading strategy, which could result in such market participants engaging in certain predatory trading practices that may harm the fund and its shareholders, such as front running the fund’s trades of securities. Authorized participant concentration risk. The fund may have a limited number of financial institutions that act as authorized participants (APs), none of which are obligated to engage in creation and/or redemption transactions. To the extent that those APs do not engage in creation and redemption orders, there may be a significantly diminished trading market for fund shares or fund shares may trade at a discount (or premium) to NAV and possibly face trading halts and/or de-listing. This risk may be heightened due to the fact that the fund does not disclose its portfolio holdings daily, and it could be greater during market disruption or periods of volatility. You should consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest. This and other important information is contained in the fund’s prospectus, available on Putnam.com or by calling (833) 228-5577. Please read carefully before you invest. Putnam ETFs are distributed by Foreside Fund Services, LLC. 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