Putnam ESG Core Bond ETF

Frequently Asked Questions About PCRB

What does PCRB invest in?

The security is being delisted. The last day of trading on an exchange is May 26, 2026. PCRB invests in investment grade US fixed income securities that meet ESG standards on a sector-specific basis. The portfolio may include government and corporate debt securities that have maturities three years or longer. The fundamentals of Issuers such as industry, location, strategic position, and key relationships are considered. Securities are rated for ESG criteria and only the highest-rated considered. To identify relevant sector-specific ESG criteria, the fund uses an internally developed materiality map that determines which criteria are deemed important for a given sector. For example, securitized debt securities are broadly evaluated due to various asset types, counterparties, complex market structure, and scarce ESG data. Sovereign debt securities are evaluated using quantitative models and research, as better ESG scores may influence a countrys credit risk and borrowing costs. The actively managed fund may use derivatives for hedging and non-hedging purposes.

What is the expense ratio of PCRB?

Putnam ESG Core Bond ETF (PCRB) charges an expense ratio of 0.37%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of PCRB?

Effective duration measures PCRB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PCRB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PCRB?

PCRB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PCRB?

Yield to maturity (YTM) is the total return you'd earn from PCRB if every bond in the portfolio is held to maturity at the current price. PCRB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is PCRB?

Putnam ESG Core Bond ETF (PCRB) manages $6.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.