Putnam Emerging Markets Ex-China ETF
$84.10−1.18 (−1.38%)
- 0.71%
- $33M
- +46.3%
- 5.28%
- 0M sh
- $86.68
- low $62.14high $95.20
The ETF.net PEMX Grade
C
Score 53 out of 100
- 4 of 9
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B58 out of 100Rank 4 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 3 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 4 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 7 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 5 of 9
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
- 56
- 56%
- 2330.TW
Sectors
- Technology55.7%
- Financials21.9%
- Communication5.5%
- Industrials4.5%
- Materials3.6%
- Utilities3.2%
- Consumer Discretionary1.8%
- Energy1.6%
- Health Care1.4%
- Consumer Staples0.8%
Geography
- Taiwan37.79%
- South Korea27.65%
- India14.76%
- Brazil6.45%
- South Africa2.36%
- Poland1.87%
- Saudi Arabia1.71%
- Hungary1.59%
- 5.83%
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.
Not enough history yet.Not enough history yet.
PEMX$14,634
Returns run to the Oct 12, 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 | +32.7% |
| 1 month | −2.2% |
| 3 months | −2.9% |
| 1 year | +46.3% |
| 3 years | +32.5% |
| 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 | +32.7% | |
| 2025 | +33.9% | |
| 2024 | +17.2% | |
| 2023 | +15.1% |
PEMX in the news
PEMX Dividends
- 5.28%
- $4.50
- $4.50 per share
- Annual
Distribution history
PEMX Risk
- 18.8%
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.
- 1.39
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
0.71%
PEMX0.71%
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
3 of the 9 Emerging Markets Active Growth funds charge less.
Other funds in Emerging Markets Active Growth
- AFFEMFidelity Covington Trust - Fidelity Fundamental Emerging Markets ETFExpense ratio 0.60%1 year return +36.3%
- CEMMGlobal X - Emerging Markets ex-China ETFExpense ratio 0.66%1 year return +41.8%
- CBCEMBaron Emerging Markets Select ETFExpense ratio 0.80%1 year return —
- CWCMEFirst Trust WCM Developing World Equity ETFExpense ratio 0.95%1 year return +16.4%
- DBGEGBaillie Gifford Emerging Markets ETFExpense ratio 0.79%1 year return —