PULT

Putnam ESG Ultra Short ETF

$50.68

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Putnam ESG Ultra Short ETF seeks to provide a high level of current income consistent with preservation of capital and maintenance of liquidity.

Overview

ETF tracking Putnam ESG Ultra Short ETF

Category Inverse

Issuer Other

Inception Date 2023-01-20

Market Cap $176.1M

Average Volume N/A

Dividend Yield 3.82%

52-Week Range $50.39 - $50.83

VWAP $50.69

Performance

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Investment Summary

📎 Investment Objective

The Putnam ESG Ultra Short ETF seeks to provide a high level of current income consistent with preservation of capital and maintenance of liquidity.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of short-term, investment-grade fixed-income securities and cash. The fund's investments are selected based on environmental, social, and governance (ESG) criteria to align with sustainable investing principles.

✨ Key Features

Focuses on short-term, high-quality fixed-income securities to maintain low volatility and preserve capital
Incorporates ESG factors into the investment process to align with sustainable investing objectives
Targets a very short duration to minimize interest rate risk
Aims to provide a high level of current income

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
ESG investment risk: The fund's ESG criteria may exclude certain investments, which could underperform the broader market

👤 Best For

The Putnam ESG Ultra Short ETF may be suitable for investors seeking a low-risk, low-volatility fixed-income investment that provides a high level of current income and aligns with sustainable investing principles. It is best suited for investors with a short-term investment horizon who are willing to accept the risks associated with short-term fixed-income investments.