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Launched

Putnam Focused Large Cap Growth ETF

PGRONYSE ArcaFranklin TempletonB

$45.02−0.45 (−0.98%)

As of Nov 2, 2026, 3:59 PM ET

B60/ 100

Rank 24 of 90 in US Active Growth

B60/100Rank 24 of 90inUS Active Growth
Intraday session: down, 78 prints from 45.47 to 45.02. Range 45.02 to 46.05. Use the arrow keys to read each point.45.2045.6045.8046.0010 AM12 PM2 PM4 PM
Expense ratio
0.49%*
Fund size
$210M
1Y total return
−0.9%
Yield · Last 12 months
0.02%
Holdings
40
Avg volume · 30D
50K sh
52W range
low $38.70high $49.67
Launched

*After a fee waiver that ends Dec 31, 2026. Without it: 0.50%.

The ETF.net PGRO Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
US Active Growth⁠
Rank
24 of 90
Six-pillar profile for PGRO. Scores out of 100: Cost 62, Risk 45, Mission not scored, Tradability 75, Holdings 50, Durability 74. Strongest: Tradability (75). Weakest: Risk (45). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B 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.
    B62 out of 100
    Rank 30 of 90

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 50 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 9 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 57 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 23 of 90

Our read on PGRO

ETF.net Research

In short

BOne of Putnam's first four ETFs back in 2021, PGRO runs a deliberately concentrated book of US large-cap growth names against the Russell 1000 Growth. Stock picking, not factor renting.

Stated mandate

The fund seeks capital appreciation by investing primarily in large U.S. common stocks selected for growth characteristics.

Why people hold it

  • 0.49% net of a waiver through December 31, 2026 (0.50% gross), below the category median, though enhanced-index rivals FELG and JUSA charge 0.18%.
  • Conviction is the design: top-down themes paired with bottom-up research, built to carry stock-specific risk and dial down factor bets.franklintempleton.com
  • Live since May 2021 as part of Putnam's original ETF lineup, now on Franklin Templeton's platform, and it stands among the stronger builds in a crowded active large-growth field.etfexpress.com

Worth knowing

  • Non-diversified and tightly held: a few dozen names, with a handful of mega-caps carrying real weight, so one company's stumble lands harder than in a broad index fund.franklintempleton.com
  • A smaller fund that trades less actively than the index giants in large-cap growth, so bid-ask spreads can run wider at the screen.
  • Capital appreciation is the stated goal and payouts come only once or twice a year, so this is not built as an income sleeve.

PGRO Holdings

Holdings pillarC50 out of 100Rank 57 of 90 in US Active Growth
Asset class
Stocks
Holdings
40
Top-10 weight
59%
Largest holding
NVDA13.2%

Sectors

  • Technology53.8%
  • Communication17.5%
  • Consumer Discretionary7.4%
  • Health Care7.0%
  • Financials5.7%
  • Industrials5.5%
  • Consumer Staples1.4%
  • Materials1.2%
  • Real Estate0.5%

Geography

  • United States98.82%
  • Canada1.18%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NVDANVIDIA Corp13.24%131,705$27M848
2GOOGLAlphabet Inc-Cl A8.60%62,568$17.5M707
3AAPLApple Inc7.06%41,723$14.4M723
4MSFTMicrosoft Corp5.46%21,316$11.1M819
5LLYEli Lilly & Co5.00%7,174$10.2M593
6AVGOBroadcom Inc4.78%29,836$9.73M753
7METAMeta Platforms Inc-Class4.20%13,904$8.55M708
8MAMastercard Inc - A3.63%11,583$7.39M531
9TSLATesla Inc3.40%17,297$6.92M528
10VVisa Inc-Class A Shares3.25%16,011$6.62M559
11MUMicron Technology Inc3.01%6,917$6.12M686
12AMDAdvanced Micro Devices2.83%11,422$5.77M638
13LRCXLam Research Corp2.73%23,269$5.56M603
14AMZNAmazon.com Inc2.62%22,230$5.34M738
15SNOWSnowflake Inc1.93%12,817$3.92M333

Showing 1–15 of 40 holdings

PGRO Performance

Launched May 25, 2021

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.
PGRO$9,911
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PGRO $9,911. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PGRO. Periods over one year show the average yearly return.
PeriodPGRO
Year to date+1.8%
1 month−5.4%
3 months+0.5%
1 year−0.9%
3 yearsper year+22.3%
5 yearsper year+9.5%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PGRO
YearReturn barPGRO
2026 YTD+1.8%
2025+15.1%
2024+34.0%
2023+45.2%
2022−31.5%
2021+16.7%

History from May 26, 2021

PGRO in the news

PGRO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.02%Last 12 months
Payout per share
$0.0094Last 12 months
Last payment
$0.0094 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 6, 2022 $0.02; Dec 6, 2023 $0.05; Dec 5, 2024 $0.03; Dec 19, 2025 $0.0094. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 23, 2025$0.0094
Dec 5, 2024Dec 9, 2024$0.03
Dec 6, 2023Dec 11, 2023$0.05
Dec 6, 2022Dec 9, 2022$0.02

$10,000 in PGRO 5 years ago paid $40.40 in dividends.

PGRO Risk

Risk pillarC45 out of 100Rank 50 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
17.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.99
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−34.7%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PGRO Cost

Compare PGRO and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$6,043

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PGRO 0.49%

    $9,792

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • PGRO 0.49%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PGRO $9,792FELG $3,749

Year by year

YearPGROFELGOverpaying
10$883$328$555
20$3,394$1,281$2,113
30$9,792$3,749$6,043
How the 0.49% is worked out

Full fee 0.50%− waiver 0.01%= you pay 0.49%

The waiver ends Dec 31, 2026. After that the fee is 0.50% unless Franklin Templeton renews it. Source: prospectus, Dec 2025.

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