PFUT vs. JPST ETF Comparison

Comparison of Putnam Sustainable Future ETF (PFUT) to JPMorgan Ultra-Short Income ETF (JPST)

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

$26.45

Average Daily Volume

23,002

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.52

Average Daily Volume

5,193,763

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	PFUT	JPST
30 Days	5.25%	0.31%
60 Days	5.80%	0.48%
90 Days	7.43%	1.11%
12 Months	33.33%	6.00%

8 Overlapping Holdings

Symbol	Grade	Weight in PFUT	Weight in JPST	Overlap
AZN	D	0.49%	0.57%	0.49%
COF	B	1.35%	0.04%	0.04%
DHR	F	1.99%	0.01%	0.01%
KKR	A	0.64%	0.04%	0.04%
NEE	D	1.77%	0.03%	0.03%
PL	A	0.54%	0.04%	0.04%
ROP	B	2.09%	0.03%	0.03%
TMO	F	2.06%	0.74%	0.74%

PFUT Overweight 70 Positions Relative to JPST

Symbol	Grade	Weight
VRT	B	2.05%
ISRG	A	2.01%
SFM	A	1.94%
IT	C	1.87%
FSS	B	1.85%
MSCI	C	1.83%
FICO	B	1.8%
DDOG	A	1.78%
CEG	D	1.77%
HASI	D	1.72%
XYL	D	1.71%
MA	C	1.69%
PWR	A	1.68%
CWST	A	1.62%
ICLR	D	1.53%
PINS	D	1.52%
NOW	A	1.51%
REGN	F	1.48%
RMD	C	1.45%
TPG	A	1.4%
MTN	C	1.38%
CDNS	B	1.38%
AMAT	F	1.38%
ADBE	C	1.32%
STX	D	1.3%
EXAS	D	1.29%
HUBS	A	1.28%
GPK	C	1.28%
RRX	B	1.27%
WY	D	1.26%
CPB	D	1.25%
ZBRA	B	1.23%
IDXX	F	1.22%
DAR	C	1.22%
FWRG	C	1.21%
CTAS	B	1.2%
ZTS	D	1.19%
ASML	F	1.17%
CMG	B	1.15%
ADI	D	1.15%
HQY	B	1.11%
PEN	B	1.1%
ONON	A	1.08%
MTD	D	1.07%
LULU	C	1.04%
LEVI	F	1.04%
TRMB	B	1.04%
VRSK	A	1.03%
VERX	B	1.03%
ALTR	B	0.99%
SUM	B	0.98%
HAE	C	0.98%
UBER	D	0.96%
SNPS	B	0.94%
COIN	C	0.93%
CNM	D	0.92%
FSLR	F	0.87%
VRRM	D	0.78%
ECL	D	0.77%
ESTC	C	0.75%
BMRN	D	0.64%
URI	B	0.62%
ARGX	A	0.6%
GEV	B	0.56%
ASND	D	0.52%
SGBX	F	0.49%
DXCM	D	0.46%
TWST	D	0.43%
RCKT	F	0.29%
CMPS	F	0.25%

PFUT Underweight 103 Positions Relative to JPST

Symbol	Grade	Weight
CASH	A	-2.2%
EQH	B	-0.35%
KDP	D	-0.31%
CCEP	C	-0.3%
ATO	A	-0.3%
MCD	D	-0.29%
LDOS	C	-0.26%
BXMT	C	-0.25%
SNX	C	-0.23%
TDY	B	-0.22%
HART	D	-0.19%
BA	F	-0.18%
D	C	-0.17%
OGS	A	-0.17%
VZ	C	-0.16%
ETR	B	-0.16%
T	A	-0.14%
CNP	B	-0.14%
GILD	C	-0.13%
DB	D	-0.13%
CAG	D	-0.13%
AAPL	C	-0.12%
SO	D	-0.11%
WFC	A	-0.11%
VTRS	A	-0.1%
GM	B	-0.1%
FITB	A	-0.1%
HUM	C	-0.09%
WEC	A	-0.09%
MLM	B	-0.09%
JBHT	C	-0.09%
IFF	D	-0.08%
STT	A	-0.08%
DT	C	-0.08%
CI	F	-0.08%
NEM	D	-0.08%
DUK	C	-0.08%
KR	B	-0.07%
CFG	B	-0.07%
BX	A	-0.07%
HSBC	B	-0.07%
SBUX	A	-0.06%
BG	F	-0.06%
ACR	A	-0.06%
SEB	F	-0.06%
XOM	B	-0.06%
AEP	D	-0.05%
MS	A	-0.05%
AL	B	-0.05%
BHF	B	-0.04%
ORCL	B	-0.04%
MDLZ	F	-0.04%
ABBV	D	-0.04%
ARES	A	-0.03%
CHD	B	-0.03%
R	B	-0.03%
BCC	B	-0.03%
BMO	A	-0.03%
HON	B	-0.02%
WLK	D	-0.02%
MSC	C	-0.02%
ETN	A	-0.02%
AZO	C	-0.02%
GSK	F	-0.02%
DIS	B	-0.02%
AER	B	-0.02%
BNS	A	-0.02%
EPD	A	-0.01%
ABT	B	-0.01%
PFE	D	-0.01%
IBM	C	-0.01%
ICE	C	-0.01%
MCO	B	-0.01%
CSL	C	-0.01%
BMY	B	-0.01%
PSX	C	-0.01%
SCHW	B	-0.01%
PNC	B	-0.01%
BK	A	-0.01%
UNH	C	-0.01%
MMM	D	-0.01%
AXP	A	-0.01%
CAT	B	-0.01%
PM	B	-0.01%
HBAN	A	-0.01%
ES	D	-0.01%
JXN	C	-0.01%
MET	A	-0.01%
UBS	C	-0.01%
BAC	A	-0.01%
RY	A	-0.01%
TFC	A	-0.01%
DE	A	-0.01%
KEY	B	-0.01%
MUFG	B	-0.01%
GS	A	-0.01%
NWG	C	-0.01%
TD	F	-0.01%
PFG	D	-0.01%
CM	A	-0.01%
USB	A	-0.01%
C	A	-0.01%
AIG	B	-0.01%