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ETFs

Putnam ESG Ultra Short ETF

PULT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 19 2023
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$247,428
AUM
$125,100,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Cash
4.64%
AMT24B
American Tower Corp. - 0.60% NT REDEEM 15/01/2024 USD 2000
1.46%
BAMX5388822
BMW US CAPITAL LLC P/P 144A 05.7100 04/01/2025
1.44%
BNS5231671
BANK OF NOVA SCOTIA USD 05.4437 07/31/2024
1.44%
SCGL4089738
SOCIETE GENERALE P/P 144A 05.0000 01/17/2024
1.42%
AL4643969
AIR LEASE CORP 03.8750 07/03/2023
1.39%
SVKEF5037772
SKANDINAV ENSKIL P/P 144A 05.8160 09/01/2023
1.37%
n/a
MIZUHO FINANCIAL GROUP USD 06.1233 09/08/2024
1.33%
BMO5219427
BANK OF MONTREAL USD 05.3281 07/09/2024
1.29%
AEP24
American Electric 3.4 % Debentures 2019-15.03.24
1.29%
Invest with PULT

What is PULT?

Putnam ESG Ultra Short ETF seeks as high a rate of current income as Putnam Management believes is consistent with the preservation of capital and maintenance of liquidity. The fund invests in a diversified short-duration portfolio of fixed-income securities comprised of investment-grade money market and other fixed-income securities, including U.S. dollar-denominated foreign securities of these types, 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's investments may include obligations of the U.S. government, its agencies, and instrumentalities, which are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or by only the credit of a federal agency or government-sponsored entity (e.g., Fannie Mae or Freddie Mac) mortgage-backed bonds), domestic corporate debt obligations, taxable municipal debt securities, securitized debt instruments (such as mortgage- and asset-backed securities), repurchase agreements, certificates of deposit, bankers acceptances, commercial paper (including asset-backed commercial paper), time deposits, Yankee Eurodollar securities, and other money market instruments. The fund may also invest in U.S. dollar-denominated foreign securities of these types.

ETFs related toPULT

ETFs correlated to PULT include JPST, JSCP, LDUR

PULT
Putnam ETF Trust - Putnam ESG Ultra Short ETF
JPST
J.P.Morgan Investment Management Inc. - JPMorgan Ultra-Short Income ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
LDUR
Pimco Exchange Traded Fund - PIMCO Enhanced Low Duration Active Exchange-Traded Fund
FTSM
First Trust Exchange-Traded Fund III - First Trust Enhanced Short Maturity ETF
VUSB
Vanguard Group, Inc. - Vanguard Ultra-Short Bond ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
RAVI
FlexShares Trust - FlexShares Ultra-Short Income Fund
JPIE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Income ETF
JCPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Inflation Managed Bond 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 toPULT

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PULT using Composer

FAQ

PULT is a US Bonds ETF. Putnam ESG Ultra Short ETF seeks as high a rate of current income as Putnam Management believes is consistent with the preservation of capital and maintenance of liquidity. The fund invests in a diversified short-duration portfolio of fixed-income securities comprised of investment-grade money market and other fixed-income securities, including U.S. dollar-denominated foreign securities of these types, 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's investments may include obligations of the U.S. government, its agencies, and instrumentalities, which are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or by only the credit of a federal agency or government-sponsored entity (e.g., Fannie Mae or Freddie Mac) mortgage-backed bonds), domestic corporate debt obligations, taxable municipal debt securities, securitized debt instruments (such as mortgage- and asset-backed securities), repurchase agreements, certificates of deposit, bankers acceptances, commercial paper (including asset-backed commercial paper), time deposits, Yankee Eurodollar securities, and other money market instruments. The fund may also invest in U.S. dollar-denominated foreign securities of these types.

Yes, PULT 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, PULT 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 PULT is 0.0052%. This is the percent change in the value of PULT over the most recent 1-month period. The 3-month return on PULT is 0.0123%. This is the percent change in the value of PULT over the most recent 3-month period.

ETFs similar to PULT include BND, MINT, and BIV.

ETFs correlated to PULT include JPST, JSCP, and LDUR.

ETFs that are inversely correlated to PULT include USCA, PST, and SRS.

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.