Putnam Focused Large Cap Growth ETF
PGRO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Federal Street Boston MA United States of America 2110
- IPO Date
- May 26, 2021
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam Focused Large Cap Growth ETF (PGRO) is an actively managed exchange-traded fund that seeks capital appreciation by investing primarily in common stocks of large U.S. companies, with a focus on growth stocks; it employs a thematic approach combining top-down investment themes and bottom-up research to select securities exhibiting above-average growth potential across various economic environments, emphasizing risk-adjusted performance through a concentrated portfolio of approximately 32 issuers. The fund's portfolio is heavily weighted toward information technology (around 50%), followed by communication services, consumer discretionary, health care, financials, and industrials; top holdings typically include leading growth names such as NVIDIA, Microsoft, Apple, Broadcom, and Amazon. Launched on May 25, 2021, and listed on NYSE Arca under ticker PGRO (CUSIP 746729409), the fund benchmarks against the Russell 1000 Growth Index and targets institutional and retail investors seeking exposure to U.S. large-cap growth equities. The fund is managed by Putnam Investment Management, LLC, a subsidiary of Putnam Investments, which was acquired by Franklin Templeton on January 1, 2024, from Great-West Lifeco, Inc., for approximately $925 million, enhancing Franklin Templeton's capabilities in large-cap growth, retirement solutions, and defined contribution assets. In recent strategic changes, effective July 1, 2025, the all-inclusive management fee was reduced to 0.49% from prior levels; and effective September 15, 2025, the fund transitioned to a fully transparent ETF structure, disclosing complete daily portfolio holdings in compliance with Rule 6c-11 of the Investment Company Act of 1940. These enhancements aim to improve investor accessibility, liquidity, and cost efficiency while maintaining active management under portfolio managers Richard Bodzy and Greg McCullough. Putnam Investments, founded in 1937 and headquartered in Boston, Massachusetts, operates globally through Franklin Templeton, with PGRO's assets under management at approximately $61 million as of late 2025; the fund distributes capital gains annually in December and remains non-diversified, concentrating investments to potentially amplify returns amid U.S. equity market volatility.