Putnam Focused Large Cap Value ETF
$53.15−0.29 (−0.55%)
- Expense ratio
- 0.56%
- Fund size
- $14.4B
- 1Y return
- +26.5%
- Yield · Last 12 months
- 0.90%
- Holdings
- 45
- Volume · 30D
- 1.7M sh
- NAV per share
- $53.74
- 52W range
The ETF.net PVAL Grade
Score 56 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.CScore 47Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 76Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 39Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 87Category rank
Our read on PVAL
BAn active value fund that acts like one: about 40 large-cap US names picked for growth and income, not an index on autopilot. Putnam's stockpicking desk, now flying Franklin Templeton colors.
The fund seeks capital growth and current income.
Why people hold it
- Concentrated by design: about 40 large-cap value names, so each pick carries real weight instead of vanishing into a 500-stock crowd.
- A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
- The mandate names both goals: capital growth and current income. Distributions land quarterly.
- Running since 2021 and still doing the one job it advertises, US large-cap value, which puts it in the upper half of a crowded active-value field.
Worth knowing
- At 0.56% it sits about mid-pack for active value, but index-style rivals like AVLV (0.15%) and DFLV (0.21%) cost a fraction. You're paying for the stockpicker.
- Concentration cuts both ways. With about 40 holdings, one company's stumble moves this fund more than it would a broad index.
- Value is a style with long quiet stretches, and this fund stays in that lane rather than drifting toward whatever's leading.
PVAL Holdings
- Stocks
- 45
- 43%
- MSFT
Sectors
- Technology22.3%
- Financials17.9%
- Health Care14.8%
- Consumer Discr.10.0%
- Energy8.5%
- Cons. Staples7.9%
- Industrials7.9%
- Utilities4.7%
- Materials3.2%
- Real Estate1.9%
- Communication0.9%
Geography
- United States97.53%
- United Kingdom1.53%
- Ireland0.94%
PVAL 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 | PVAL |
|---|---|
| Year to date | +17.9% |
| 1 month | −1.5% |
| 3 months | +3.9% |
| 1 year | +26.5% |
| 3 years | +23.6% |
| 5 years | +17.0% |
| 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 | +17.9% | |
| 2025 | +24.2% | |
| 2024 | +19.3% | |
| 2023 | +18.4% | |
| 2022 | −2.6% | |
| 2021 | +11.4% |
PVAL in the news
ETF.net Research hasn’t filed on PVAL yet — coverage lands here as it’s written.
PVAL Dividends
- 0.90%
- $0.48
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jul 7, 2026 | Jul 14, 2026 | $0.13 |
| Apr 7, 2026 | Apr 14, 2026 | $0.14 |
| Dec 19, 2025 | Dec 23, 2025 | $0.11 |
| Oct 6, 2025 | Oct 8, 2025 | $0.10 |
| Jul 7, 2025 | Jul 9, 2025 | $0.14 |
| Apr 4, 2025 | Apr 8, 2025 | $0.10 |
| Dec 5, 2024 | Dec 9, 2024 | $0.15 |
| Sep 6, 2024 | Sep 10, 2024 | $0.12 |
| Jun 6, 2024 | Jun 10, 2024 | $0.11 |
| Mar 6, 2024 | Mar 11, 2024 | $0.11 |
| Dec 6, 2023 | Dec 11, 2023 | $0.21 |
| Sep 7, 2023 | Sep 12, 2023 | $0.11 |
PVAL Risk
- 11.5%
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.
- 1.51
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.
PVAL Cost
- The middle half of US Active Value funds
- Median 0.55%
35 of the 66 US Active Value funds charge less.