PHYD

Putnam ESG High Yield ETF

$52.15

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Putnam ESG High Yield ETF (PHYD) seeks to provide high current income by investing primarily in a diversified portfolio of high-yield, below-investment-grade fixed income securities that meet certain environmental, social, and governance (ESG) criteria.

Overview

ETF tracking Putnam ESG High Yield ETF

Category High Yield

Issuer Other

Inception Date 2023-01-20

Market Cap $211.2M

Average Volume N/A

Dividend Yield 4.97%

52-Week Range $49.10 - $52.68

VWAP $52.18

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a variety of high-yield corporate bonds and other debt instruments that have been screened for ESG factors. The portfolio managers aim to construct a portfolio with an overall credit quality and risk profile similar to the broader high-yield bond market, while favoring issuers with stronger ESG characteristics.

✨ Key Features

Focuses on high-yield, below-investment-grade fixed income securities that meet ESG criteria
Seeks to provide high current income while considering environmental, social, and governance factors
Diversified portfolio with credit quality and risk profile similar to the broader high-yield bond market
Actively managed by Putnam's fixed income team with expertise in ESG investing

⚠️ Primary Risks

High-yield bond risk: Investments in lower-rated, high-yield bonds carry a higher risk of default and loss of principal
Interest rate risk: Bond prices may decline due to rising interest rates
Credit risk: Issuers may fail to make timely payments of interest and principal
ESG investment risk: The fund's ESG criteria may exclude certain investments, which could underperform the broader high-yield market

👤 Best For

The Putnam ESG High Yield ETF may be suitable for investors seeking high current income and willing to accept the higher risks associated with high-yield bonds, while also considering environmental, social, and governance factors as part of their investment strategy.