Putnam ESG Ultra Short ETF (PULT)
The ETF focuses on investing in a diversified short duration portfolio of fixed-income securities, including investment-grade money market and other fixed-income securities, with an emphasis on companies meeting relevant ESG criteria selected by the fund's investment manager.
ETF Info
| CUSIP | 746729854 |
|---|---|
| Issuer | Putnam |
| Inception Date | Jan 19, 2023 |
| Category | Ultrashort Bond, ESG |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.putnam.com |
| Asset Class | Bond |
Expense Ratio
PULT has an expense ratio of 0.25%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PULT vs. CSHI, PULT vs. BIL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam ESG Ultra Short ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam ESG Ultra Short ETF had a return of 5.21% year-to-date (YTD) and 6.48% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.21% | 25.82% |
| 1 month | 0.35% | 3.20% |
| 6 months | 3.02% | 14.94% |
| 1 year | 6.48% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of PULT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.45% | 0.41% | 0.64% | 0.38% | 0.54% | 0.47% | 0.62% | 0.60% | 0.57% | 0.29% | 5.21% | ||
| 2023 | 0.19% | 0.27% | 0.04% | 0.60% | 0.46% | 0.44% | 0.58% | 0.53% | 0.39% | 0.39% | 0.71% | 0.75% | 5.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PULT is 100, placing it in the top 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam ESG Ultra Short ETF provided a 5.43% dividend yield over the last twelve months, with an annual payout of $2.74 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.74 | $2.45 |
Dividend yield | 5.43% | 4.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam ESG Ultra Short ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.25 | $0.36 | $0.16 | $0.21 | $0.22 | $0.21 | $0.23 | $0.22 | $0.22 | $0.22 | $2.29 | |
| 2023 | $0.06 | $0.11 | $0.21 | $0.22 | $0.23 | $0.22 | $0.27 | $0.23 | $0.23 | $0.23 | $0.45 | $2.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam ESG Ultra Short ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam ESG Ultra Short ETF was 0.33%, occurring on Mar 22, 2023. Recovery took 11 trading sessions.
The current Putnam ESG Ultra Short ETF drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.33% | Mar 15, 2023 | 6 | Mar 22, 2023 | 11 | Apr 6, 2023 | 17 |
| -0.14% | Jan 4, 2024 | 2 | Jan 5, 2024 | 3 | Jan 10, 2024 | 5 |
| -0.09% | Feb 2, 2024 | 2 | Feb 5, 2024 | 2 | Feb 7, 2024 | 4 |
| -0.08% | Feb 3, 2023 | 2 | Feb 6, 2023 | 6 | Feb 14, 2023 | 8 |
| -0.08% | Mar 6, 2023 | 2 | Mar 7, 2023 | 1 | Mar 8, 2023 | 3 |
Volatility
Volatility Chart
The current Putnam ESG Ultra Short ETF volatility is 0.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.