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About Putnam Focused Large Cap Value ETF
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Inception date
May 25, 2021
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Putnam Investment Management LLC
Distributor
Franklin Distributors LLC
PVAL highlights Putnams large-cap value stock selection expertise in an active, non-transparent ETF wrapper. Although the fund mainly invests in large-caps, it may also include some midcaps in the portfolio. After identifying undervalued stocks in the market, PVALs fund adviser may also consider other fundamental metrics such as financial strength, growth potential, industry position, projected earnings, cash flow and dividends to determine the funds holdings. Unlike traditional ETFs, PVAL only discloses its full holdings quarterly, with an 8-day lag. A tracking basket is published daily on its website, in place of the actual portfolio. This includes some of the funds holdings from recent disclosure, other liquid ETFs, cash and cash equivalents. Investors should note that a non-transparent structure could result in wider spreads.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks94.91%
Finance22.24%
Health Technology9.31%
Energy Minerals7.54%
Consumer Non-Durables6.41%
Retail Trade5.97%
Electronic Technology5.82%
Utilities5.10%
Transportation4.78%
Technology Services3.84%
Consumer Durables3.75%
Consumer Services3.68%
Process Industries3.64%
Producer Manufacturing3.29%
Health Services2.92%
Distribution Services2.91%
Communications1.93%
Non-Energy Minerals1.80%
Bonds, Cash & Other5.09%
Cash3.26%
Government1.02%
ETF0.80%
Stock breakdown by region
North America94.17%
Europe5.83%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PVAL invests in stocks. The fund's major sectors are Finance, with 22.24% stocks, and Health Technology, with 9.31% of the basket. The assets are mostly located in the North America region.
PVAL top holdings are Citigroup Inc. and Exxon Mobil Corporation, occupying 4.01% and 3.94% of the portfolio correspondingly.
PVAL last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 53.07% decrease.
PVAL assets under management is 2.90 B USD. It's risen 22.28% over the last month.
PVAL fund flows account for 2.27 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PVAL pays dividends to its holders with the dividend yield of 1.28%. The last dividend (Apr 8, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
PVAL shares are issued by Franklin Resources, Inc. under the brand Putnam. The ETF was launched on May 25, 2021, and its management style is Active.
PVAL expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
PVAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PVAL invests in stocks.
PVAL price has risen by 8.30% over the last month, and its yearly performance shows a 4.31% increase. See more dynamics on PVAL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.61% over the last month, showed a −2.93% decrease in three-month performance and has increased by 6.09% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.61% over the last month, showed a −2.93% decrease in three-month performance and has increased by 6.09% in a year.
PVAL trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.