VUSE vs. PFUT ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to Putnam Sustainable Future ETF (PFUT)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$60.90

Average Daily Volume

12,254

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

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

$26.12

Average Daily Volume

22,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VUSE	PFUT
30 Days	4.01%	3.10%
60 Days	7.07%	4.34%
90 Days	8.95%	6.07%
12 Months	25.76%	31.64%

17 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in PFUT	Overlap
ADBE	C	0.83%	1.32%	0.83%
AMAT	F	1.02%	1.38%	1.02%
CMG	B	1.25%	1.15%	1.15%
CTAS	B	0.59%	1.2%	0.59%
ECL	D	1.16%	0.77%	0.77%
FICO	B	0.69%	1.8%	0.69%
IT	C	0.5%	1.87%	0.5%
MA	B	2.08%	1.69%	1.69%
MSCI	C	0.48%	1.83%	0.48%
MTD	F	0.39%	1.07%	0.39%
NOW	A	0.65%	1.51%	0.65%
PINS	F	0.2%	1.52%	0.2%
RMD	C	0.5%	1.45%	0.5%
SNPS	B	1.16%	0.94%	0.94%
UBER	F	1.11%	0.96%	0.96%
VRSK	A	0.22%	1.03%	0.22%
ZTS	D	0.64%	1.19%	0.64%

VUSE Overweight 109 Positions Relative to PFUT

Symbol	Grade	Weight
AMZN	C	2.68%
ORCL	A	2.4%
V	A	2.17%
JPM	A	2.09%
WMT	A	2.06%
HD	B	2.05%
CVX	A	2.02%
BAC	A	1.97%
XOM	B	1.89%
AAPL	C	1.87%
NVDA	B	1.84%
MSFT	D	1.8%
JNJ	C	1.76%
AVGO	D	1.72%
KO	D	1.56%
BKNG	A	1.54%
MRK	D	1.49%
NFLX	A	1.44%
MSI	B	1.33%
PG	C	1.2%
MAR	A	1.12%
T	A	1.1%
RDDT	A	1.04%
ADP	A	1.02%
ABBV	F	1.01%
MO	A	1.0%
SBUX	A	0.98%
META	D	0.97%
GOOGL	C	0.96%
MCD	D	0.94%
TJX	A	0.93%
SHW	B	0.93%
POWL	C	0.87%
FTNT	C	0.81%
LLY	F	0.81%
IDCC	B	0.8%
COST	A	0.78%
TMUS	B	0.78%
EME	A	0.77%
AMP	A	0.75%
IESC	C	0.74%
AYI	B	0.74%
PIPR	A	0.73%
SYK	B	0.73%
ITW	B	0.72%
CAT	B	0.72%
CORT	B	0.7%
JXN	C	0.69%
KLAC	F	0.69%
EQH	C	0.66%
WDAY	B	0.66%
AMR	C	0.64%
CVLT	B	0.64%
EXEL	B	0.63%
PLTR	B	0.6%
EPAC	C	0.6%
NRG	B	0.58%
NYT	D	0.56%
GWW	B	0.56%
FAST	B	0.56%
BOX	B	0.55%
PLMR	A	0.54%
UTHR	C	0.54%
EA	A	0.52%
TDG	D	0.52%
PAYX	B	0.51%
VST	A	0.5%
NKE	F	0.5%
ERIE	D	0.5%
LSCC	D	0.5%
ODFL	C	0.5%
CASH	B	0.48%
YELP	C	0.48%
RMBS	B	0.47%
TREX	C	0.47%
DBRG	F	0.46%
QLYS	B	0.46%
JLL	D	0.46%
PLAB	C	0.46%
MTG	C	0.46%
SHO	D	0.45%
EOG	A	0.43%
DFIN	D	0.42%
BSX	A	0.41%
JKHY	D	0.41%
ANET	C	0.38%
CRUS	D	0.37%
ON	D	0.37%
A	D	0.36%
MANH	D	0.35%
OTTR	C	0.35%
CSL	C	0.35%
CRWD	B	0.31%
DOCU	B	0.29%
HCC	B	0.27%
PANW	B	0.26%
ACLS	F	0.26%
NSSC	D	0.25%
DBX	B	0.24%
BMI	B	0.23%
TRIP	F	0.21%
AOS	F	0.19%
MEDP	D	0.18%
APPF	B	0.15%
SPG	A	0.14%
ABNB	C	0.14%
PSTG	D	0.13%
CMCSA	B	0.13%
SEIC	B	0.11%

VUSE Underweight 61 Positions Relative to PFUT

Symbol	Grade	Weight
ROP	B	-2.09%
TMO	F	-2.06%
VRT	B	-2.05%
ISRG	A	-2.01%
DHR	F	-1.99%
SFM	A	-1.94%
FSS	B	-1.85%
DDOG	A	-1.78%
NEE	C	-1.77%
CEG	C	-1.77%
HASI	D	-1.72%
XYL	D	-1.71%
PWR	A	-1.68%
CWST	A	-1.62%
ICLR	D	-1.53%
REGN	F	-1.48%
TPG	A	-1.4%
MTN	C	-1.38%
CDNS	B	-1.38%
COF	C	-1.35%
STX	C	-1.3%
EXAS	D	-1.29%
HUBS	A	-1.28%
GPK	C	-1.28%
RRX	B	-1.27%
WY	F	-1.26%
CPB	D	-1.25%
ZBRA	B	-1.23%
IDXX	F	-1.22%
DAR	C	-1.22%
FWRG	C	-1.21%
ASML	F	-1.17%
ADI	D	-1.15%
HQY	A	-1.11%
PEN	B	-1.1%
ONON	A	-1.08%
LULU	C	-1.04%
LEVI	F	-1.04%
TRMB	B	-1.04%
VERX	A	-1.03%
ALTR	B	-0.99%
SUM	B	-0.98%
HAE	C	-0.98%
COIN	C	-0.93%
CNM	D	-0.92%
FSLR	F	-0.87%
VRRM	F	-0.78%
ESTC	C	-0.75%
KKR	A	-0.64%
BMRN	F	-0.64%
URI	C	-0.62%
ARGX	B	-0.6%
GEV	B	-0.56%
PL	B	-0.54%
ASND	F	-0.52%
SGBX	F	-0.49%
AZN	F	-0.49%
DXCM	C	-0.46%
TWST	F	-0.43%
RCKT	F	-0.29%
CMPS	F	-0.25%