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ETFs

Putnam Sustainable Leaders ETF

PLDR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 25 2021
Expense Ratio
0.59%
Type
US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$408,769
AUM
$362,403,024
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
7.95%
AAPL
Apple Inc
6.86%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
5.81%
AMZN
Amazon.com Inc.
3.90%
LLY
Lilly(Eli) & Co
3.47%
NVDA
NVIDIA Corp
3.41%
CRM
Salesforce Inc
2.92%
CEG
Constellation Energy Corporation
2.92%
V
Visa Inc - Ordinary Shares - Class A
2.89%
BSX
Boston Scientific Corp.
2.84%
Invest with PLDR

What is PLDR?

The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies that exhibit a commitment to financially material sustainable business practices. Stocks of companies that exhibit a commitment to financially material sustainable business practices are typically, but not always, considered to be growth stocks. Growth stocks are stocks of companies whose revenues, earnings, or cash flows are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. The fund may consider, among other factors, a company s sustainable business practices like valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Investment Management, LLC s (Putnam Management) sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4 (1 indicating the highest (best) ESG rating and 4 indicating the lowest (worst) ESG rating). In order to meet Putnam Management s sustainability criteria for purposes of this investment policy, a company must be rated 2 or 1 by Putnam Management.

ETFs related toPLDR

ETFs correlated to PLDR include IQSU, GSUS, SPUU

PLDR
Putnam ETF Trust - Putnam Sustainable Leaders ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF

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 toPLDR

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with PLDR using Composer

FAQ

PLDR is a US Equities ETF. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies that exhibit a commitment to financially material sustainable business practices. Stocks of companies that exhibit a commitment to financially material sustainable business practices are typically, but not always, considered to be growth stocks. Growth stocks are stocks of companies whose revenues, earnings, or cash flows are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. The fund may consider, among other factors, a company s sustainable business practices like valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Investment Management, LLC s (Putnam Management) sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4 (1 indicating the highest (best) ESG rating and 4 indicating the lowest (worst) ESG rating). In order to meet Putnam Management s sustainability criteria for purposes of this investment policy, a company must be rated 2 or 1 by Putnam Management.

Yes, PLDR 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, PLDR 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 PLDR is -0.0156%. This is the percent change in the value of PLDR over the most recent 1-month period. The 3-month return on PLDR is 0.0013%. This is the percent change in the value of PLDR over the most recent 3-month period.

The standard deviation of PLDR for the past year is 0.176%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PLDR include SPHQ, DSI, and QUAL.

ETFs correlated to PLDR include IQSU, GSUS, and SPUU.

ETFs that are inversely correlated to PLDR include SPXS, SH, and SPDN.

Disclaimers

*

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.