Putnam Emerging Markets Ex-China ETF
$87.32−1.24 (−1.40%)
- Expense ratio
- 0.71%
- Fund size
- $33M
- 1Y return
- +49.1%
- Yield · Last 12 months
- 5.08%
- Holdings
- 59
- Volume · 30D
- 0M sh
- NAV per share
- $86.82
- 52W range
The ETF.net PEMX Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 43Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on PEMX
CChina swamps most emerging-market funds. PEMX cuts it out entirely and runs an active, roughly 60-stock book across the rest of the developing world, priced well below the typical active EM manager.
The fund seeks long-term capital appreciation. It invests primarily in emerging-market common stocks outside China and Hong Kong, using active fundamental research to identify companies with favorable investment potential.
Why people hold it
- 0.70% a year against a 0.95% median for its active peer group. Cheap freight for a stock-picking mandate.
- About 60 names, not 600. Concentrated enough that the managers' calls actually show up in the portfolio.
- Does what the label says: an ex-China portfolio measured against the MSCI Emerging Markets ex-China Index, with no China drift in the holdings.franklintempleton.com
- Trading since 2023 under Franklin Templeton, and it sits in the upper half of the small group of active EM ex-China funds we track.
Worth knowing
- Not the cheapest door into ex-China: Global X's EMM charges 0.66%.
- Small and thinly traded. Spreads can widen, so limit orders do the heavy lifting.
- Zero China by design, so results diverge from a broad EM fund and any China sleeve has to come from somewhere else.franklintempleton.com
PEMX Holdings
- Stocks
- 59
- 55%
- 2330.TW
Sectors
- Technology53.1%
- Financials23.0%
- Industrials6.4%
- Communication5.8%
- Consumer Discr.3.3%
- Utilities2.7%
- Materials2.6%
- Health Care1.4%
- Energy1.0%
- Cons. Staples0.7%
Geography
- Taiwan34.93%
- South Korea27.20%
- India16.51%
- Brazil4.37%
- Saudi Arabia3.31%
- South Africa2.68%
- Mexico2.27%
- Hungary2.11%
- 6.63%
Developed 0% · Emerging 100%
PEMX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PEMX |
|---|---|
| Year to date | +37.9% |
| 1 month | +3.3% |
| 3 months | −6.8% |
| 1 year | +49.1% |
| 3 years | +34.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PEMX |
|---|---|---|
| 2026 YTD | +37.9% | |
| 2025 | +33.9% | |
| 2024 | +17.2% | |
| 2023 | +15.1% |
PEMX in the news
ETF.net Research hasn’t filed on PEMX yet — coverage lands here as it’s written.
PEMX Dividends
- 5.08%
- $4.50
- $4.50 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 19, 2025 | Dec 23, 2025 | $4.50 |
| Dec 27, 2024 | Dec 31, 2024 | $2.57 |
| Dec 26, 2023 | Dec 29, 2023 | $0.33 |
PEMX Risk
- 19.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.30
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PEMX Cost
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
3 of the 9 Emerging Markets Active Growth funds charge less.