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PGRO

GradeBNew York Stock Exchange Arca

Putnam Focused Large Cap Growth ETF

Active Equity · Franklin Templeton · Inception 2021-05-25

$47.95−0.43 (−0.88%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 48.38 to 47.95. Range 47.80 to 48.34. Use the arrow keys to read each point.$47.80$48.2010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$218M
1Y return
+7.7%
Yield · Last 12 months
0.02%
Holdings
33
Volume · 30D
0M sh
NAV per share
$48.25
52W range
low $38.70high $49.39

The ETF.net PGRO Grade

B

63/ 100

Rank 17 of 90 in US Active Growth⁠

Confidence Medium

Six-pillar profile for PGRO. Scores out of 100: Cost 65, Risk 54, Mission not scored, Tradability 73, Holdings 51, Durability 74. Strongest: Durability (74). Weakest: Holdings (51). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B 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 65
    Category rank36/90 · top 40%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank30/79 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 73
    Category rank15/90 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 51
    Category rank53/89 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank22/90 · top 24%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PGRO

ETF.net Research

BAbout 30 hand-picked US growth stocks, measured against the Russell 1000 Growth. A concentrated run at a manager's best ideas, priced below the typical active large-cap growth fund.

Stated mandate

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

Why people hold it

  1. 01Roughly 30 holdings, so each pick carries real weight instead of being diluted across a sprawling growth benchmark.
  2. 020.50% a year sits under the 0.54% median for active large-cap growth funds, and below same-benchmark rivals like HFGO (0.59%), CAML (0.65%) and TLG (0.82%).
  3. 03Live since 2021, run by Franklin Templeton, and standing in the upper half of its active growth peer group.

Worth knowing

  1. 01Concentration cuts both ways. With about 30 names, one company's stumble lands harder here than in a broad growth index fund.
  2. 02Thinly traded for its category, so spreads can widen. Limit orders are the standard tool for funds that trade this way.
  3. 03Active stock picking costs more than rules-based competition: JUSA charges 0.12% and FELG 0.18% for enhanced large-cap growth exposure.

PGRO Holdings

As of Sep 22, 2026, 9:34 PM
Asset class
Stocks
Holdings
33
Top-10 weight
59%
Largest holding
NVDA13.9%

Sectors

  • Technology52.0%
  • Communication16.8%
  • Consumer Discr.7.7%
  • Health Care7.4%
  • Financials6.2%
  • Industrials5.8%
  • Materials2.4%
  • Cons. Staples1.8%

Geography

  • United States96.04%
  • Ireland1.57%
  • Sweden1.46%
  • Canada0.93%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORP13.87%133,177$30M828
002GOOGLALPHABET INC-CL A9.85%60,583$22M704
003AAPLAPPLE INC6.55%42,189$14M707
004AVGOBROADCOM INC5.01%30,170$11M732
005MSFTMICROSOFT CORP4.95%21,554$11M792
006METAMETA PLATFORMS INC-CLASS4.77%14,060$10M683
007LLYELI LILLY & CO3.95%7,408$9M569
008AMDADVANCED MICRO DEVICES3.36%11,923$7M618
009MUMICRON TECHNOLOGY INC3.34%6,995$7M655
010LRCXLAM RESEARCH CORP3.26%23,529$7M591
011MAMASTERCARD INC - A3.05%11,713$7M512
012TSLATESLA INC3.01%17,491$7M509
013VVISA INC-CLASS A SHARES2.74%16,189$6M550
014AMZNAMAZON.COM INC2.66%22,478$6M720
015SNOWSNOWFLAKE INC2.01%12,961$4M321

Showing 1–15 of 41 holdings

PGRO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PGRO$10,765
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PGRO $10,765. SPY $11,723. Use the arrow keys to read each point.$8,403$10,207$12,010Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for PGRO. Periods over one year show the average yearly return.
PeriodPGRO
Year to date+8.4%
1 month+3.3%
3 months+2.7%
1 year+7.7%
3 years+24.6%per year
5 years+11.6%per year
10 yearsFund is under 10 years old—per year

As of the close, 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+8.4%
2025+15.1%
2024+34.0%
2023+45.2%
2022−31.5%
2021+16.7%

History from May 26, 2021

PGRO in the news

ETF.net Research hasn’t filed on PGRO yet — coverage lands here as it’s written.

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 Sep 22, 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

PGRO Risk

How much the fund’s monthly returns vary, scaled to a year.
17.6%
Annualised · 36 months to Aug 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.
0.92
vs 3-month T-bills · to Aug 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.

PGRO Cost

Expense ratio0.50%
  • The middle half of US Active Growth funds
  • Median 0.56%

29 of the 89 US Active Growth funds charge less.

PGRO costs $50.00 a year on $10,000. The median US Active Growth fund costs $56.00.