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ETFs

Putnam ESG Core Bond ETF

PCRB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 19 2023
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$792,825
AUM
$451,557,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 04.0000 11/15/2052
6.94%
n/a
US TREASURY N/B 01.7500 03/15/2025
6.32%
n/a
US TREASURY N/B 01.2500 08/15/2031
6.10%
n/a
US TREASURY N/B 02.5000 02/28/2026
5.32%
n/a
US TREASURY N/B 02.3750 04/30/2026
4.31%
n/a
FNMA FN30 MA4465 UMBS 02.0000 11/01/2051
2.46%
n/a
US TREASURY N/B 03.3750 08/15/2042
2.35%
n/a
FNMA FN30 MA4493 UMBS 02.5000 12/01/2051
2.28%
n/a
AT&T INC 02.5500 12/01/2033
1.36%
n/a
GNMA GII30 MA7312 02.5000 04/20/2051
1.20%
Invest with PCRB

What is PCRB?

Putnam ESG Core Bond ETF is an active ETF that invests in income securities diversified across multiple sectors for all-weather performance. Invests across sectors of the U.S. bond market, including mortgage-backed securities, corporate bonds, and other government obligations. The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities 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"). The fund invests mainly in bonds of governments and private companies located in the United States that are investment-grade in quality with intermediate- to long-term maturities (three years or longer). Investment-grade securities are rated at least BBB or its equivalent at the time of purchase by a nationally recognized securities rating agency, or are unrated investments that Putnam Management believes are of comparable quality. Putnam Management may invest in below-investment-grade investments.

ETFs related toPCRB

ETFs correlated to PCRB include BND, SCHZ, BKAG

PCRB
Putnam ETF Trust - Putnam ESG Core Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
GBF
BlackRock Institutional Trust Company N.A. - iShares Barclays Government/Credit Bond Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPCRB

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PCRB using Composer

FAQ

PCRB is a US Bonds ETF. Putnam ESG Core Bond ETF is an active ETF that invests in income securities diversified across multiple sectors for all-weather performance. Invests across sectors of the U.S. bond market, including mortgage-backed securities, corporate bonds, and other government obligations. The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities 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"). The fund invests mainly in bonds of governments and private companies located in the United States that are investment-grade in quality with intermediate- to long-term maturities (three years or longer). Investment-grade securities are rated at least BBB or its equivalent at the time of purchase by a nationally recognized securities rating agency, or are unrated investments that Putnam Management believes are of comparable quality. Putnam Management may invest in below-investment-grade investments.

Yes, PCRB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PCRB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PCRB is -0.0121%. This is the percent change in the value of PCRB over the most recent 1-month period. The 3-month return on PCRB is -0.03%. This is the percent change in the value of PCRB over the most recent 3-month period.

ETFs similar to PCRB include GSY, GVI, and BLV.

ETFs correlated to PCRB include BND, SCHZ, and BKAG.

ETFs that are inversely correlated to PCRB include TBX, PST, and TTT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.