PLDR

Putnam Sustainable Leaders ETF

$36.59

+0.00%

Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The Putnam Sustainable Leaders ETF seeks to provide long-term capital appreciation by investing in companies that demonstrate a commitment to sustainable business practices and positive environmental, social, and governance (ESG) characteristics.

Overview

ETF tracking Putnam Sustainable Leaders ETF

Category ESG

Issuer Other

Inception Date 2021-05-26

Market Cap $800.5M

Average Volume N/A

Dividend Yield 0.35%

52-Week Range $27.09 - $37.30

VWAP $36.53

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in the common stocks of U.S. companies that the portfolio managers believe exhibit positive environmental, social, and corporate governance (ESG) characteristics and have potential for above-average growth. The managers use a bottom-up stock selection process, focusing on companies with strong financial fundamentals, competitive positions, and management teams.

✨ Key Features

Focuses on companies with positive ESG characteristics
Seeks long-term capital appreciation through investment in U.S. equities
Actively managed portfolio with bottom-up stock selection process
Relatively new ETF with limited performance history

⚠️ Primary Risks

Equity market risk: The value of the fund's investments may decline in response to overall stock market conditions
Sustainability investment risk: The fund's ESG investment strategy may result in the fund forgoing certain investment opportunities and underperforming funds that do not use ESG criteria
Active management risk: The fund's performance could be worse than the overall stock market if the manager's investment decisions are unsuccessful
Limited performance history: As a new ETF, there is limited data on the fund's long-term performance

👤 Best For

The Putnam Sustainable Leaders ETF may be suitable for investors seeking long-term capital appreciation through investment in U.S. equities with a focus on companies exhibiting positive ESG characteristics. This fund may be appropriate for investors with a moderate to long-term investment horizon and a higher risk tolerance.