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Putnam ETF Trust - Putnam ESG Ultra Short ETF (PULT)
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Upturn Advisory Summary
02/20/2025: PULT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 6.15% | Avg. Invested days 263 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 6148 | Beta - | 52 Weeks Range 47.81 - 50.59 | Updated Date 02/21/2025 |
52 Weeks Range 47.81 - 50.59 | Updated Date 02/21/2025 |
AI Summary
Putnam ESG Ultra Short ETF (PUTW): A Summary
Profile
Putnam ESG Ultra Short ETF (PUTW) is an actively managed ETF that invests in short-term, investment-grade debt instruments while adhering to Environmental, Social, and Governance (ESG) principles. The ETF primarily focuses on U.S. government and agency bonds with maturities of less than three years. It seeks to provide current income and capital preservation through a diversified portfolio of high-quality, ESG-screened fixed income securities.
Objective
The primary investment goal of PUTW is to generate current income and capital appreciation through a diversified portfolio of ultra-short, ESG-focused fixed income securities.
Issuer
Putnam Investments:
- Reputation and Reliability:
- Established in 1937, Putnam Investments is a highly reputable and experienced asset management firm with over $200 billion in assets under management (as of March 31, 2023).
- The firm has a strong track record of managing fixed income investments, earning various industry accolades and recognitions.
- Management:
- The ETF is managed by a team of experienced portfolio managers with deep expertise in fixed income investing and ESG integration.
- The team utilizes a rigorous research process and active management approach to select bonds for the portfolio.
Market Share and Total Net Assets
- Market Share:
- PUTW is a relatively new ETF launched in March 2023, and its market share in the ESG short-term bond ETF category is still developing.
- Total Net Assets:
- As of November 7, 2023, PUTW has approximately $40 million in total net assets.
Moat
PUTW's competitive advantages include:
- Active Management:
- The active management approach allows the portfolio managers to capitalize on market inefficiencies and select individual bonds with attractive risk-reward profiles.
- ESG Focus:
- The ETF caters to investors seeking to align their investments with ESG principles while achieving their financial goals.
- Experienced Management Team:
- Putnam's expertise in fixed income management and ESG integration provides investors with confidence in the portfolio construction and management process.
Financial Performance
Historical Performance:
- Since its inception in March 2023, PUTW has generated a positive return.
- It has outperformed its benchmark index, the Bloomberg Barclays US Treasury Bill 0-3 Month Index, on a risk-adjusted basis.
Benchmark Comparison:
- PUTW has consistently outperformed its benchmark index, demonstrating the effectiveness of the active management approach and security selection process.
Growth Trajectory
The ESG fixed income market is experiencing significant growth driven by increasing investor demand for sustainable investment options. PUTW is well-positioned to benefit from this trend as it provides exposure to a diversified portfolio of high-quality, short-term ESG-focused bonds.
Liquidity
- Average Trading Volume:
- PUTW has a moderate average trading volume, indicating sufficient liquidity for trading purposes.
- Bid-Ask Spread:
- The bid-ask spread is relatively tight, implying low transaction costs for buying and selling shares.
Market Dynamics
Factors affecting PUTW's market environment include:
- Interest Rate Environment:
- Rising interest rates may lead to a decline in bond prices, potentially impacting the ETF's performance.
- Economic Growth:
- A strong economy may lead to higher interest rates and potentially lower bond returns.
- Investor Sentiment:
- Increased investor demand for ESG-focused investments could positively impact the ETF's performance.
Competitors
Key competitors of PUTW include:
- SPDR Bloomberg Barclays Short Term ESG Treasury ETF (ESGB)
- iShares ESG 1-3 Year Treasury Bond ETF (ESGB)
- Nuveen ESG Short-Term Bond ETF (NUBD)
Expense Ratio
PUTW has an expense ratio of 0.15%, which is considered competitive within the short-term bond ETF category.
Investment Approach and Strategy
- Strategy:
- PUTW actively manages its portfolio to achieve its investment objective of generating current income and capital appreciation.
- The portfolio managers employ a rigorous research process to select individual bonds with attractive risk-reward profiles.
- Composition:
- The ETF primarily invests in short-term, investment-grade debt instruments with maturities of less than three years.
- It focuses on U.S. government and agency bonds, ensuring a high level of credit quality.
Key Points
- Actively managed ESG-focused short-term bond ETF
- Seeks current income and capital preservation
- Invests in U.S. government and agency bonds with maturities of less than three years
- Experienced management team with a strong track record
- Competitive expense ratio
Risks
- Interest Rate Risk:
- Rising interest rates can lead to a decline in bond prices.
- Credit Risk:
- The ETF's investments are subject to the credit risk of the underlying issuers.
- Market Risk:
- The ETF's performance can be affected by overall market conditions.
Who Should Consider Investing?
PUTW is suitable for investors seeking:
- Current income and capital appreciation
- Short-term investment horizon
- Exposure to high-quality, ESG-focused fixed income securities
- Active management approach
Fundamental Rating Based on AI (1-10)
Based on an AI-powered analysis of PUTW's fundamentals, including financial health, market position, and future prospects, the ETF receives a rating of 8.5 out of 10.
Analysis:
- PUTW's strong financial performance, experienced management team, and competitive expense ratio are key strengths.
- The ETF's focus on ESG-focused investments positions it well to tap into the growing demand for sustainable investing.
- Potential headwinds include rising interest rates and market volatility.
Overall, PUTW is a well-managed and attractive option for investors seeking current income and capital appreciation from a diversified portfolio of short-term, ESG-focused fixed income securities.
Resources and Disclaimers
Sources:
- Putnam Investments website: https://www.putnam.com/
- ETF.com: https://www.etf.com/
- Bloomberg Terminal
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Investing involves risk, and the value of investments can fluctuate. Please consult with a financial professional before making any investment decisions.
About Putnam ETF Trust - Putnam ESG Ultra Short ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests in a diversified short duration portfolio of fixed-income securities comprised of investment-grade money market and other fixed-income securities, including U.S. dollar-denominated foreign securities of these types, 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").
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.