Filings Digest
TACK holders vote Dec. 10 on the move to Amplify
Putnam Focused Large Cap Value ETF
The ETF.net PVAL Grade
B
Score 56 out of 100
- 28 of 66
Score 56 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.C41 out of 100Rank 36 of 66Mission
Whether the fund did what it promised, tested against its stated mandate.A76 out of 100Rank 11 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A73 out of 100Rank 8 of 65Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 12 of 66Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 50 of 66Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A87 out of 100Rank 3 of 66
Our read on PVAL
In short
BOne of the rare active ETFs that keeps most of its book private: about 40 large-cap value stocks, a daily tracking basket instead of daily holdings, and 0.55% net of a waiver through December 31, 2026.
Stated mandate
The fund seeks capital growth and current income.
Why people hold it
Worth knowing
PVAL Holdings
- Stocks
- 49
- 45%
- MSFT
Sectors
- Technology24.6%
- Health Care15.7%
- Financials15.4%
- Consumer Discretionary10.2%
- Energy9.2%
- Consumer Staples8.0%
- Industrials7.0%
- Utilities4.6%
- Materials2.6%
- Real Estate1.9%
- Communication0.9%
Geography
- United States98.38%
- United Kingdom1.62%
PVAL 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.
PVAL$12,802
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.
| Period | PVAL |
|---|---|
| Year to date | +21.0% |
| 1 month | +4.2% |
| 3 months | +2.6% |
| 1 year | +28.0% |
| 3 years | +26.3% |
| 5 years | +16.2% |
| 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 | PVAL |
|---|---|---|
| 2026 YTD | +21.0% | |
| 2025 | +24.2% | |
| 2024 | +19.3% | |
| 2023 | +18.4% | |
| 2022 | −2.6% | |
| 2021 | +11.4% |
PVAL in the news
PVAL Dividends
- 0.87%
- $0.47
- $0.10 per share
- Quarterly
PVAL Risk
- 11.3%
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.
- 1.74
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.
- −16.7%
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.
- 0.74
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.
PVAL Cost
Overpaying vs WTV, cheapest in US Active Value
$8,384
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PVAL 0.55%
$10,904
WTV 0.12% Cheapest
$2,520
Cost over time
Year by year
| Year | PVAL | WTV | Overpaying |
|---|---|---|---|
| 10 | $988 | $220 | $768 |
| 20 | $3,790 | $859 | $2,931 |
| 30 | $10,904 | $2,520 | $8,384 |
You pay 0.55%Waived by Franklin Templeton 0.01%
Full fee 0.56% waiver 0.01% you pay 0.55%
Other funds in US Active Value
- BLSVDLSV Disciplined Value ETFExpense ratio 0.40%1 year return +22.9%
- BLVDSJPMorgan Fundamental Data Science Large Value ETFExpense ratio 0.51%1 year return +28.1%
- CGVLUGotham 1000 Value ETFExpense ratio 0.50%1 year return +23.8%
- CTALVTransamerica Large Value Active ETFExpense ratio 0.49%1 year return
- CFBCVFidelity Blue Chip Value ETFExpense ratio 0.57%1 year return +29.6%
