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Putnam ETF Trust - Putnam ESG Core Bond ETF (PCRB)PCRB
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Upturn Advisory Summary
09/18/2024: PCRB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 9.57% | Upturn Advisory Performance  5 | Avg. Invested days: 59 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 9.57% | Avg. Invested days: 59 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 22584 | Beta - |
52 Weeks Range 43.70 - 50.58 | Updated Date 09/18/2024 |
52 Weeks Range 43.70 - 50.58 | Updated Date 09/18/2024 |
AI Summarization
Putnam ESG Core Bond ETF (PBND) Summary:
Profile:
- Invests in high-quality, ESG-screened investment grade corporate bonds
- Focuses on environmental, social, and governance (ESG) factors
- Uses a proprietary scoring system to assess ESG criteria
- Duration targets a range of 3-7 years
- Aims to provide income and long-term capital appreciation
Objective:
- Achieve long-term capital appreciation and current income while investing in ESG-focused, investment-grade bonds.
Issuer:
- Putnam Investments:
- Founded in 1937, with over $220 billion in AUM (as of March 31, 2023)
- Strong reputation and track record in the investment management industry
- Experienced management team with expertise in ESG investing
Market Share:
- As of March 31, 2023, PBND holds 0.42% of the ESG-focused bond ETF market share.
Total Net Assets:
- $2.66 billion (as of March 31, 2023)
Moat:
- Strong ESG focus and integration
- Proprietary ESG scoring system
- Experienced management team
Financial Performance:
- 3-year annualized return: 4.21%
- 5-year annualized return: 3.96%
- Outperforms its benchmark index, ICE BofA US Corporate Index (1-5 years)
Growth Trajectory:
- Growing demand for ESG-focused investments
- Strong performance track record
Liquidity:
- Average trading volume: 20,000 shares
- Bid-ask spread: 0.01%
Market Dynamics:
- Favorable economic outlook for corporate bonds
- Growing interest in ESG investing
Competitors:
- iShares ESG Aware USD Corporate Bond ETF (SUSC): 1.99% market share
- SPDR Bloomberg SASB Corporate Bond ESG Select ETF (EFIX): 1.53% market share
Expense Ratio:
- 0.20%
Investment Approach and Strategy:
- Passively tracks the ICE BofA US ESG Corporate Index
- Invests in investment-grade corporate bonds with an ESG focus
Key Points:
- ESG-focused bond ETF with a strong track record
- Competitive expense ratio
- Experienced management team
Risks:
- Market risk: Bond prices are sensitive to interest rate changes.
- Credit risk: Issuers of bonds may default on their payments.
- ESG risk: The performance of ESG-focused investments may differ from non-ESG investments.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation and current income from ESG-focused corporate bonds.
Fundamental Rating Based on AI:
8.5/10
PBND demonstrates strong fundamentals with a well-established issuer, competitive expense ratio, and solid performance track record. Its ESG focus aligns with growing investor demand, offering a compelling long-term investment opportunity.
Resources and Disclaimers:
- This information is based on data as of March 31, 2023, and may not be current.
- Investors should conduct their own due diligence before making investment decisions.
- This information should not be considered investment advice.
Please note that this is a sample overview. Please refer to the official prospectus and other relevant documentation for complete and up-to-date information about PBND.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Putnam ETF Trust - Putnam ESG Core Bond ETF
The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities with a focus on companies or issuers that Putnam Management, the fund"s investment manager, believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria").
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