PFUT vs. FIDU ETF Comparison

Comparison of Putnam Sustainable Future ETF (PFUT) to Fidelity MSCI Industrials Index ETF (FIDU)

PFUT

Putnam Sustainable Future ETF

PFUT Description

The investment seeks long-term capital appreciation. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services provide solutions that directly contribute to sustainable social, environmental and economic development (Impact Companies). Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Management?s sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4.

Grade (RS Rating)

Last Trade

$24.43

Average Daily Volume

23,815

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIDU

Fidelity MSCI Industrials Index ETF

FIDU Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Industrials Index, which represents the performance of the industrial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Industrials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.07

Average Daily Volume

103,374

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	PFUT	FIDU
30 Days	-0.32%	-2.02%
60 Days	5.10%	-0.08%
90 Days	0.99%	-3.10%
12 Months	30.09%	20.40%

12 Overlapping Holdings

Symbol	Grade	Weight in PFUT	Weight in FIDU	Overlap
CNM	D	1.19%	0.2%	0.2%
CTAS	A	2.43%	1.31%	1.31%
CWST	B	2.06%	0.11%	0.11%
FSS	D	1.84%	0.11%	0.11%
PL	D	0.44%	0.01%	0.01%
PWR	B	1.57%	0.83%	0.83%
RRX	F	1.14%	0.19%	0.19%
UBER	B	0.83%	2.71%	0.83%
URI	C	0.88%	0.85%	0.85%
VRRM	B	0.67%	0.08%	0.08%
VRT	C	0.56%	0.68%	0.56%
XYL	C	1.81%	0.69%	0.69%

PFUT Overweight 57 Positions Relative to FIDU

Symbol	Grade	Weight
DXCM	D	2.54%
CRWD	A	2.38%
AMAT	B	2.24%
ROP	A	2.24%
TMO	D	2.13%
ASML	B	2.11%
DHR	C	2.09%
RMD	D	2.09%
CEG	B	2.04%
PINS	A	1.96%
IDXX	D	1.95%
FICO	A	1.9%
ISRG	A	1.87%
MSCI	C	1.8%
REGN	A	1.78%
MTD	B	1.75%
HUBS	C	1.74%
IT	B	1.73%
ICLR	B	1.73%
CDNS	B	1.72%
NEE	B	1.69%
HASI	C	1.67%
SFM	A	1.59%
NVDA	C	1.58%
NOW	B	1.57%
CMG	B	1.46%
MA	C	1.42%
ALTR	B	1.31%
ECL	A	1.28%
GPK	C	1.25%
COF	D	1.23%
EXAS	F	1.21%
ONON	C	1.18%
LULU	F	1.17%
LEVI	B	1.16%
ADBE	C	1.14%
HQY	B	1.11%
FWRG	F	1.09%
PEN	F	1.08%
DAR	D	1.06%
ZTS	C	1.04%
HAE	D	1.04%
SNPS	B	1.03%
TPG	C	0.94%
TRMB	D	0.93%
VERX	B	0.89%
FSLR	C	0.83%
DT	F	0.81%
WY	F	0.78%
TEAM	D	0.59%
KKR	B	0.51%
ASND	C	0.47%
PANW	B	0.45%
TWST	C	0.4%
RCKT	C	0.34%
CMPS	F	0.29%
STX	B	0.22%

PFUT Underweight 340 Positions Relative to FIDU

Symbol	Grade	Weight
GE	D	-3.52%
CAT	C	-3.31%
RTX	C	-2.86%
HON	A	-2.81%
UNP	D	-2.79%
ETN	D	-2.63%
BA	D	-2.12%
ADP	B	-2.06%
DE	D	-2.06%
LMT	A	-2.05%
UPS	F	-2.04%
WM	B	-1.69%
TT	B	-1.54%
TDG	B	-1.49%
ITW	D	-1.45%
GD	B	-1.4%
PH	D	-1.33%
CSX	D	-1.3%
EMR	D	-1.26%
NOC	F	-1.23%
FDX	C	-1.19%
MMM	B	-1.15%
PCAR	D	-1.15%
CARR	B	-1.08%
NSC	D	-1.02%
JCI	B	-0.98%
GEV	B	-0.96%
CPRT	C	-0.95%
WCN	A	-0.9%
RSG	A	-0.86%
LHX	A	-0.85%
GWW	D	-0.83%
PAYX	B	-0.82%
OTIS	C	-0.81%
AME	D	-0.8%
VRSK	A	-0.78%
IR	C	-0.76%
CMI	C	-0.75%
FAST	D	-0.74%
ODFL	D	-0.7%
HWM	B	-0.63%
EFX	C	-0.62%
ROK	D	-0.6%
WAB	D	-0.59%
FTV	D	-0.53%
VLTO	B	-0.51%
DOV	B	-0.5%
BR	B	-0.47%
AXON	D	-0.43%
HUBB	D	-0.41%
CSL	B	-0.4%
BAH	B	-0.4%
BLDR	F	-0.38%
LDOS	A	-0.38%
EME	B	-0.37%
EXPD	B	-0.37%
J	D	-0.36%
LII	B	-0.35%
TXT	D	-0.34%
WSO	B	-0.33%
OC	C	-0.32%
IEX	D	-0.31%
MAS	D	-0.31%
TRU	C	-0.29%
ROL	A	-0.29%
HEI	A	-0.28%
GGG	D	-0.28%
SSNC	B	-0.28%
SNA	D	-0.28%
SWK	D	-0.27%
NVT	C	-0.27%
JBHT	F	-0.27%
NDSN	D	-0.26%
PNR	D	-0.26%
WMS	C	-0.25%
XPO	D	-0.25%
SAIA	B	-0.25%
ACM	C	-0.24%
TTEK	B	-0.23%
FIX	C	-0.23%
CLH	A	-0.23%
ITT	D	-0.22%
WWD	B	-0.22%
AOS	D	-0.21%
TTC	C	-0.21%
ALLE	D	-0.21%
CW	B	-0.21%
LECO	F	-0.21%
CHRW	B	-0.2%
HEI	A	-0.2%
CNH	F	-0.19%
TREX	F	-0.19%
CACI	A	-0.19%
HII	C	-0.19%
KBR	C	-0.18%
DCI	D	-0.18%
GNRC	D	-0.17%
BWXT	B	-0.17%
RBC	C	-0.16%
FLR	B	-0.16%
WCC	D	-0.16%
AYI	D	-0.16%
DAL	D	-0.16%
UFPI	D	-0.15%
AIT	C	-0.15%
WSC	F	-0.15%
PAYC	F	-0.15%
FCN	C	-0.15%
APG	B	-0.15%
DAY	F	-0.15%
KNX	C	-0.15%
AGCO	F	-0.14%
MIDD	D	-0.14%
MSA	C	-0.14%
CR	B	-0.14%
RHI	D	-0.14%
MTZ	B	-0.14%
SSD	D	-0.14%
OSK	D	-0.14%
AVAV	C	-0.13%
FLS	C	-0.13%
BECN	C	-0.13%
AZEK	D	-0.13%
PCTY	F	-0.13%
ALSN	C	-0.13%
LSTR	B	-0.13%
ST	D	-0.12%
GXO	F	-0.12%
SAIC	D	-0.12%
UHAL	D	-0.12%
SITE	F	-0.12%
MLI	C	-0.12%
GTLS	C	-0.12%
WTS	D	-0.11%
HXL	D	-0.11%
DY	C	-0.11%
LYFT	F	-0.11%
ESAB	D	-0.11%
MMS	B	-0.11%
R	B	-0.11%
AAON	C	-0.11%
TKR	D	-0.11%
SRCL	B	-0.11%
VMI	B	-0.11%
AL	C	-0.1%
MDU	A	-0.1%
EXPO	B	-0.1%
EXLS	C	-0.1%
AWI	D	-0.1%
BCC	D	-0.1%
ATKR	F	-0.1%
ENS	C	-0.09%
LUV	B	-0.09%
GATX	C	-0.09%
BCO	A	-0.09%
ZWS	D	-0.09%
WIRE	B	-0.09%
MOG.A	C	-0.09%
FELE	D	-0.08%
ACA	C	-0.08%
CSWI	B	-0.08%
GTES	D	-0.07%
NSP	F	-0.07%
KAI	B	-0.07%
GMS	D	-0.07%
TNET	D	-0.07%
CBZ	D	-0.07%
SPR	C	-0.07%
MSM	D	-0.07%
HRI	D	-0.07%
KFY	B	-0.07%
MAN	D	-0.07%
TEX	D	-0.07%
STRL	C	-0.07%
PSN	B	-0.07%
ESE	D	-0.06%
MWA	B	-0.06%
GVA	B	-0.06%
ALIT	F	-0.06%
REZI	D	-0.06%
PRIM	B	-0.06%
NPO	D	-0.06%
BE	C	-0.06%
RUN	C	-0.06%
HI	D	-0.06%
BRC	B	-0.06%
KTOS	C	-0.06%
JBT	C	-0.06%
ABM	B	-0.06%
WERN	F	-0.05%
TRN	B	-0.05%
UNF	F	-0.05%
MYRG	D	-0.05%
RXO	A	-0.05%
AIR	C	-0.05%
ARCB	F	-0.05%
ROAD	C	-0.05%
CNXC	F	-0.05%
GFF	D	-0.05%
DNB	F	-0.05%
MGRC	D	-0.05%
AIN	D	-0.05%
ACVA	C	-0.05%
RUSHA	D	-0.05%
HUBG	B	-0.05%
ICFI	C	-0.05%
BLBD	B	-0.04%
TNC	D	-0.04%
KEX	B	-0.04%
ENVX	B	-0.04%
PLUG	F	-0.04%
B	C	-0.04%
KMT	D	-0.04%
KAR	C	-0.04%
HURN	C	-0.04%
JBI	D	-0.04%
MLKN	D	-0.04%
AAL	F	-0.04%
ARRY	F	-0.04%
ALG	F	-0.04%
CAR	D	-0.04%
SXI	D	-0.04%
HAYW	D	-0.04%
HNI	C	-0.04%
EPAC	B	-0.04%
ROCK	D	-0.04%
AZZ	C	-0.04%
IESC	C	-0.03%
CRAI	B	-0.03%
AMWD	F	-0.03%
NVEE	F	-0.03%
ALK	D	-0.03%
CXW	D	-0.03%
FLNC	D	-0.03%
VSEC	A	-0.03%
LNN	D	-0.03%
REVG	C	-0.03%
UPWK	D	-0.03%
APOG	D	-0.03%
RKLB	B	-0.03%
HEES	F	-0.03%
MEG	B	-0.03%
DNOW	C	-0.03%
CMPR	D	-0.03%
MRCY	F	-0.03%
VSTS	D	-0.03%
GBX	D	-0.03%
CLVT	D	-0.03%
POWL	C	-0.03%
HLIO	C	-0.03%
GEO	C	-0.03%
CECO	B	-0.02%
HCSG	D	-0.02%
DCO	B	-0.02%
VVI	D	-0.02%
DRVN	D	-0.02%
VICR	F	-0.02%
MATW	F	-0.02%
SKYW	B	-0.02%
PRLB	F	-0.02%
GRC	B	-0.02%
BXC	F	-0.02%
PYCR	D	-0.02%
BV	B	-0.02%
FA	C	-0.02%
JOBY	D	-0.02%
CDRE	D	-0.02%
GNK	C	-0.02%
BBSI	B	-0.02%
TILE	D	-0.02%
TPC	B	-0.02%
WNC	D	-0.02%
NX	F	-0.02%
AGX	B	-0.02%
DLX	B	-0.02%
THR	D	-0.02%
CMCO	D	-0.02%
MRTN	C	-0.02%
MRC	D	-0.02%
MATX	A	-0.02%
AMRC	C	-0.02%
SCS	C	-0.02%
SHLS	F	-0.02%
TRNS	C	-0.02%
TGI	B	-0.02%
KFRC	D	-0.02%
JELD	F	-0.02%
CSGS	F	-0.02%
SNDR	C	-0.02%
RUSHB	F	-0.01%
CTOS	F	-0.01%
SPWR	D	-0.01%
DSGR	D	-0.01%
ULCC	F	-0.01%
ULH	D	-0.01%
PLPC	D	-0.01%
TITN	F	-0.01%
RGP	D	-0.01%
FCEL	F	-0.01%
PBI	C	-0.01%
HDSN	F	-0.01%
TWI	F	-0.01%
FC	D	-0.01%
HTZ	F	-0.01%
MTW	F	-0.01%
LYTS	D	-0.01%
NPK	D	-0.01%
SRCL	B	-0.01%
LQDT	B	-0.01%
DDD	F	-0.01%
JBLU	D	-0.01%
ACCO	F	-0.01%
CNDT	D	-0.01%
XMTR	F	-0.01%
PLOW	F	-0.01%
FWRD	D	-0.01%
ATRO	B	-0.01%
HTLD	C	-0.01%
NKLA	F	-0.01%
EBF	B	-0.01%
IIIN	D	-0.01%
GLDD	C	-0.01%
GIC	F	-0.01%
HY	C	-0.01%
DXPE	D	-0.01%
CHPT	F	-0.01%
ASTE	F	-0.01%
NVRI	C	-0.01%
KELYA	C	-0.01%
ACHR	D	-0.01%
HSII	C	-0.01%
ERII	F	-0.01%
TTEC	F	-0.0%
SNCY	D	-0.0%
ALTG	F	-0.0%
OFLX	F	-0.0%
ATSG	D	-0.0%
EAF	F	-0.0%
TASK	C	-0.0%
ALGT	F	-0.0%