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PULT
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Putnam ETF Trust - Putnam ESG Ultra Short ETF (PULT)

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$50.56
Delayed price
Profit since last BUY6.15%
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Consider higher Upturn Star rating
BUY since 263 days
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Upturn Advisory Summary

02/20/2025: PULT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/20/2025

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:

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 -
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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").

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