PVAL vs. DIVB ETF Comparison

Comparison of Putnam Focused Large Cap Value ETF (PVAL) to iShares U.S. Dividend and Buyback ETF (DIVB)

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$35.95

Average Daily Volume

179,662

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$44.26

Average Daily Volume

53,831

Number of Holdings ^*

404

* may have additional holdings in another (foreign) market

Performance

Period	PVAL	DIVB
30 Days	1.81%	1.45%
60 Days	5.36%	2.34%
90 Days	11.15%	6.73%
12 Months	34.14%	25.24%

20 Overlapping Holdings

Symbol	Grade	Weight in PVAL	Weight in DIVB	Overlap
AIG	A	2.38%	0.58%	0.58%
AMT	D	0.6%	0.19%	0.19%
APO	C	3.22%	0.12%	0.12%
BAC	B	3.43%	1.23%	1.23%
C	A	2.86%	0.78%	0.78%
CI	D	2.73%	0.73%	0.73%
COP	C	2.87%	0.88%	0.88%
EMN	A	1.36%	0.12%	0.12%
EXC	B	1.53%	0.13%	0.13%
FDX	D	2.18%	0.25%	0.25%
GLPI	D	2.15%	0.02%	0.02%
GS	A	2.52%	1.01%	1.01%
JCI	B	2.16%	0.18%	0.18%
KO	A	2.03%	0.99%	0.99%
NRG	B	2.65%	0.11%	0.11%
NXPI	A	2.24%	1.09%	1.09%
PG	A	1.95%	1.77%	1.77%
QCOM	B	1.78%	3.01%	1.78%
VLO	D	1.8%	0.54%	0.54%
XOM	B	4.03%	3.11%	3.11%

PVAL Overweight 24 Positions Relative to DIVB

Symbol	Grade	Weight
ORCL	D	3.4%
URI	D	3.26%
MSFT	C	3.17%
REGN	C	2.9%
TMO	D	2.63%
HLT	D	2.57%
MCK	B	2.43%
PHM	B	2.36%
FCX	B	2.34%
SNY	B	2.27%
CEG	A	2.23%
IR	D	2.14%
WMT	C	1.9%
SCHW	A	1.85%
GM	B	1.84%
ORLY	D	1.7%
BJ	B	1.59%
NOC	B	1.44%
BALL	B	1.42%
CTVA	B	1.39%
LUV	D	1.36%
TMUS	B	1.23%
CHTR	F	0.88%
COF	B	0.19%

PVAL Underweight 384 Positions Relative to DIVB

Symbol	Grade	Weight
AVGO	C	-4.63%
CSCO	D	-4.61%
TXN	A	-3.07%
IBM	D	-2.55%
CVX	B	-2.12%
JPM	B	-2.02%
CMCSA	D	-1.78%
HD	D	-1.63%
WFC	A	-1.6%
JNJ	F	-1.59%
LOW	D	-1.52%
RTX	A	-1.41%
MS	A	-1.3%
ABBV	D	-1.27%
VZ	D	-1.23%
PFE	D	-1.21%
FIS	C	-1.16%
LMT	A	-1.07%
BMY	F	-1.06%
AMGN	B	-1.01%
PEP	B	-1.01%
PM	A	-0.99%
MO	A	-0.99%
MRK	B	-0.96%
T	B	-0.95%
CAT	D	-0.82%
UPS	D	-0.8%
UNP	C	-0.73%
HON	C	-0.72%
NTAP	B	-0.64%
STX	C	-0.53%
INTC	F	-0.52%
PNC	B	-0.52%
CVS	F	-0.51%
BLK	D	-0.5%
MDT	D	-0.5%
MMM	B	-0.49%
GILD	F	-0.48%
DD	A	-0.47%
GLW	B	-0.46%
HPE	D	-0.45%
MET	C	-0.44%
STT	C	-0.41%
CB	C	-0.41%
ADP	D	-0.39%
DUK	A	-0.38%
TGT	D	-0.37%
AFL	A	-0.37%
DOW	C	-0.37%
SWKS	F	-0.36%
GIS	C	-0.36%
PRU	A	-0.35%
PSX	D	-0.35%
GEN	F	-0.34%
CL	A	-0.34%
ITW	D	-0.34%
NSC	D	-0.33%
DFS	C	-0.33%
TFC	B	-0.33%
CME	C	-0.32%
F	D	-0.32%
GRMN	A	-0.31%
ADM	C	-0.3%
SPG	C	-0.3%
BX	D	-0.3%
NUE	F	-0.29%
AMP	C	-0.29%
BK	A	-0.29%
PLD	D	-0.29%
ALL	B	-0.28%
EMR	C	-0.28%
USB	D	-0.27%
CCI	D	-0.27%
SO	A	-0.26%
MRO	D	-0.26%
TRV	D	-0.26%
WTW	D	-0.26%
NEM	B	-0.25%
JNPR	D	-0.25%
MTB	A	-0.24%
DVN	B	-0.24%
GD	A	-0.24%
KMB	B	-0.23%
EOG	B	-0.23%
FERG	B	-0.22%
KMI	A	-0.22%
STLD	D	-0.22%
HIG	C	-0.21%
FANG	B	-0.21%
ED	A	-0.2%
SRE	B	-0.2%
PSA	D	-0.2%
CAH	F	-0.2%
WMB	A	-0.19%
PFG	C	-0.19%
LHX	A	-0.18%
OKE	B	-0.18%
SWK	F	-0.18%
APD	C	-0.18%
KHC	C	-0.17%
TROW	D	-0.17%
PEG	A	-0.17%
LYB	C	-0.17%
KDP	B	-0.16%
AVT	A	-0.16%
D	B	-0.16%
CTRA	B	-0.15%
CFG	A	-0.15%
AMCR	A	-0.15%
SYY	D	-0.15%
MOS	F	-0.15%
EIX	A	-0.14%
PAYX	D	-0.14%
DGX	B	-0.14%
KR	B	-0.14%
CF	F	-0.13%
WBA	F	-0.13%
CMI	B	-0.13%
OMC	B	-0.13%
CHRW	C	-0.13%
EXR	D	-0.12%
FITB	A	-0.12%
FOXA	B	-0.12%
WSM	B	-0.12%
OC	B	-0.12%
WEC	B	-0.12%
RF	B	-0.12%
BKR	D	-0.12%
IFF	A	-0.11%
DKS	C	-0.11%
XEL	C	-0.11%
AEP	A	-0.11%
TSN	B	-0.11%
EQR	A	-0.11%
DRI	F	-0.11%
GPC	B	-0.1%
HBAN	A	-0.1%
FE	A	-0.1%
FAST	D	-0.1%
ES	B	-0.1%
SJM	F	-0.1%
TPR	D	-0.1%
KEY	C	-0.09%
HRB	B	-0.09%
CAG	B	-0.09%
WPC	C	-0.09%
WY	F	-0.09%
BG	B	-0.09%
IPG	D	-0.09%
APA	F	-0.09%
DINO	D	-0.09%
MAS	D	-0.09%
NTRS	C	-0.09%
ORI	A	-0.08%
CINF	D	-0.08%
AVB	A	-0.08%
VTR	B	-0.08%
IRM	C	-0.08%
PKG	D	-0.08%
VOYA	B	-0.08%
SCI	D	-0.08%
ESS	A	-0.08%
LKQ	D	-0.08%
PPL	A	-0.08%
K	B	-0.08%
INVH	B	-0.07%
MAA	B	-0.07%
MPW	D	-0.07%
DOC	A	-0.07%
EVRG	B	-0.07%
BXP	F	-0.07%
TRGP	B	-0.07%
OVV	C	-0.07%
CC	C	-0.07%
KIM	C	-0.07%
FNF	B	-0.07%
R	A	-0.07%
WRK	A	-0.07%
VTRS	C	-0.07%
MTN	F	-0.06%
ARES	A	-0.06%
AIZ	D	-0.06%
RITM	A	-0.06%
AOS	C	-0.06%
CNP	B	-0.06%
AES	B	-0.06%
BAX	F	-0.06%
HAS	B	-0.06%
STWD	C	-0.06%
CHRD	B	-0.06%
FOX	B	-0.06%
WH	F	-0.06%
DPZ	B	-0.06%
CCK	C	-0.06%
RL	D	-0.06%
CLX	F	-0.06%
SNA	D	-0.06%
AIRC	A	-0.06%
OHI	B	-0.06%
VAC	D	-0.06%
CPB	B	-0.05%
TPX	D	-0.05%
CIVI	B	-0.05%
ALV	A	-0.05%
HOG	D	-0.05%
PII	F	-0.05%
WBS	D	-0.05%
OZK	B	-0.05%
NYCB	D	-0.05%
LAMR	B	-0.05%
FAF	D	-0.05%
X	D	-0.05%
WSO	B	-0.05%
RHI	D	-0.05%
PNW	B	-0.05%
ETR	A	-0.05%
FBIN	D	-0.05%
SF	A	-0.05%
SPB	C	-0.05%
REG	F	-0.05%
BC	D	-0.05%
BPOP	A	-0.05%
CMS	A	-0.05%
PK	D	-0.05%
SCCO	B	-0.05%
TNL	D	-0.05%
HST	D	-0.05%
MTG	B	-0.05%
JEF	B	-0.05%
AEE	C	-0.04%
CE	C	-0.04%
OGN	B	-0.04%
UGI	B	-0.04%
CG	D	-0.04%
ALSN	D	-0.04%
HRL	B	-0.04%
BXMT	D	-0.04%
OGE	A	-0.04%
LNT	B	-0.04%
FHN	A	-0.04%
LEA	F	-0.04%
MATX	B	-0.04%
UNM	B	-0.04%
BEN	F	-0.04%
TAP	F	-0.04%
EWBC	A	-0.04%
MAN	B	-0.04%
IVZ	D	-0.04%
ASH	A	-0.04%
CMA	B	-0.04%
RGA	A	-0.04%
UBSI	D	-0.03%
AM	A	-0.03%
CNO	B	-0.03%
SON	C	-0.03%
HII	D	-0.03%
FLO	B	-0.03%
HP	F	-0.03%
EPR	C	-0.03%
KRC	F	-0.03%
PARA	C	-0.03%
OWL	B	-0.03%
PAG	F	-0.03%
MGY	B	-0.03%
ARCH	D	-0.03%
NWL	C	-0.03%
CRC	F	-0.03%
ETRN	B	-0.03%
FIBK	B	-0.03%
NHI	A	-0.03%
PB	B	-0.03%
CBSH	A	-0.03%
SBRA	A	-0.03%
NNN	B	-0.03%
SEE	C	-0.03%
JHG	A	-0.03%
FHI	D	-0.03%
ELS	D	-0.03%
BRX	C	-0.03%
VFC	F	-0.03%
MSM	F	-0.03%
WEN	B	-0.03%
INGR	A	-0.03%
HI	D	-0.02%
PINC	F	-0.02%
HWC	B	-0.02%
CATY	D	-0.02%
PNM	C	-0.02%
THG	A	-0.02%
FHB	B	-0.02%
GBCI	C	-0.02%
CWEN	B	-0.02%
GOLF	D	-0.02%
VNO	F	-0.02%
MAC	D	-0.02%
NFG	A	-0.02%
CCOI	F	-0.02%
CR	A	-0.02%
FRT	B	-0.02%
NEU	D	-0.02%
COLB	C	-0.02%
AXS	A	-0.02%
CEIX	D	-0.02%
PTEN	F	-0.02%
KTB	B	-0.02%
HRI	D	-0.02%
MDU	A	-0.02%
PCH	D	-0.02%
SMG	D	-0.02%
PRGO	C	-0.02%
MC	C	-0.02%
DTE	A	-0.02%
IDA	B	-0.02%
THO	D	-0.02%
AGNC	C	-0.02%
VLY	F	-0.02%
LEG	F	-0.02%
HLNE	B	-0.02%
AEO	B	-0.02%
GPS	D	-0.02%
SSB	D	-0.02%
MUR	C	-0.02%
HOMB	B	-0.02%
PZZA	F	-0.02%
SHOO	D	-0.02%
ESNT	C	-0.02%
FNB	A	-0.02%
DTM	A	-0.02%
OSK	D	-0.02%
ONB	A	-0.02%
CABO	F	-0.02%
SNV	C	-0.02%
KRG	B	-0.02%
CFR	D	-0.02%
HLI	A	-0.02%
PDCO	D	-0.02%
OGS	C	-0.01%
SR	B	-0.01%
UCBI	B	-0.01%
REYN	C	-0.01%
CVI	F	-0.01%
SFBS	C	-0.01%
CWEN	B	-0.01%
TFSL	B	-0.01%
WOR	D	-0.01%
CNS	D	-0.01%
TGNA	D	-0.01%
BKH	B	-0.01%
ENR	C	-0.01%
WMG	B	-0.01%
KMPR	B	-0.01%
WSFS	B	-0.01%
UMBF	C	-0.01%
GEF	D	-0.01%
IBOC	A	-0.01%
FFIN	C	-0.01%
SIRI	F	-0.01%
LXP	D	-0.01%
RYN	F	-0.01%
RRR	D	-0.01%
LCII	D	-0.01%
APAM	C	-0.01%
APLE	F	-0.01%
WD	B	-0.01%
SITC	D	-0.01%
BOKF	A	-0.01%
FLS	A	-0.01%
AVNT	B	-0.01%
WTRG	B	-0.01%
ASB	A	-0.01%
NJR	B	-0.01%
CDP	B	-0.01%
JWN	B	-0.01%
CUZ	B	-0.01%
RDN	C	-0.0%
PARAA	B	-0.0%
AVA	B	-0.0%
GEF	D	-0.0%
CADE	B	-0.0%
ACT	A	-0.0%
CBU	B	-0.0%
ADT	B	-0.0%
NFE	F	-0.0%
CRK	C	-0.0%