Putnam ESG Core Bond ETF
PCRB
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Federal Street Boston MA United States of America 2110
- IPO Date
- Jan 20, 2023
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam ESG Core Bond ETF (NYSE Arca: PCRB) is an actively managed exchange-traded fund that seeks high current income consistent with prudent risk by investing mainly in a diversified portfolio of investment-grade fixed-income securities, including U.S. Treasury and agency bonds, corporate bonds, agency pass-through securities, asset-backed securities, and commercial mortgage-backed securities, with a focus on issuers that meet the investment manager's sector-specific environmental, social, and governance (ESG) criteria. The fund maintains an effective duration aligned with the Bloomberg U.S. Aggregate Index benchmark, pursuing alpha through security selection and sector allocation while incorporating material ESG factors such as carbon intensity, resource use, board structure, diversity, and climate risk. Launched on January 19, 2023, and managed by Putnam Investment Management, LLC, a subsidiary of Franklin Templeton following the January 1, 2024 acquisition of Putnam Investments by Franklin Resources, Inc., the ETF is listed on NYSE Arca with net assets of approximately $869 million as of late 2025. Putnam Investments, the fund's sponsor founded in 1937 and headquartered in Boston, Massachusetts, offers PCRB as part of its broader lineup of actively managed ETFs, mutual funds, and institutional strategies in fixed income, equities, multi-asset, and alternatives, primarily targeting individual investors, financial advisors, retirement plans, and institutions in the United States. The ETF's portfolio features high credit quality, with allocations predominantly in AAA (6.87%), AA (56.75%), A (11.60%), and BBB (18.26%) rated securities, alongside a weighted average life of 7.93 years and monthly dividend distributions. It operates within the intermediate core bond category, emphasizing U.S.-based investment-grade bonds with intermediate- to long-term maturities of three years or longer. In recent developments, Putnam Investments launched PCRB alongside four other ESG-focused active ETFs on January 20, 2023, expanding its fixed-income offerings and integrating them as underlying investments for the firm's ESG-focused target-date series, the Putnam Sustainable Retirement Funds, through a repositioning of existing retirement funds. The January 2024 acquisition by Franklin Templeton integrated Putnam's $142 billion in assets under management, enhancing distribution, technology, and retirement sector capabilities, including defined contribution AUM exceeding $100 billion post-transaction, while preserving Putnam's investment teams. As of 2025, PCRB has demonstrated resilience in shifting rate environments through active duration management and ESG screening, maintaining a forward yield around 4% amid Federal Reserve rate hikes.