Putnam ESG High Yield ETF
PHYD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- CIK
- 0001450011
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam ESG High Yield ETF (PHYD) is an exchange-traded fund that seeks high current income and capital appreciation by investing primarily in high yield debt securities of below-investment grade companies selected for their alignment with environmental, social, and governance (ESG) criteria. The fund offers exposure to a diversified portfolio of corporate bonds, bank loans, and other fixed-income instruments rated BB or lower (or unrated equivalents), emphasizing issuers demonstrating strong ESG practices such as sustainable resource use, ethical labor standards, and effective corporate governance; it employs a proprietary ESG scoring methodology developed by Putnam Investments to screen and weight holdings. PHYD targets income-seeking investors, including institutions and individuals focused on responsible investing, and operates globally with primary exposure to U.S.-domiciled issuers but including securities from developed and emerging markets worldwide. Launched in 2021 and managed by Putnam Investments, headquartered in Boston, Massachusetts, the ETF is part of Putnam's suite of sustainable investment products offered through its mutual fund and ETF platforms, with no notable subsidiaries as it functions as a standalone vehicle under Putnam's oversight. In recent developments, Putnam Investments enhanced PHYD's ESG integration in 2024 through expanded proprietary data analytics for climate risk assessment and biodiversity impact scoring, amid broader industry shifts toward stricter ESG disclosure regulations; the fund also participated in a strategic alliance with leading ESG data providers to refine its exclusionary screens for controversial weapons and tobacco. Additionally, PHYD saw a portfolio rebalancing in late 2024 following Federal Reserve rate adjustments, increasing allocations to energy transition bonds and green infrastructure debt to capitalize on high yield opportunities in the sustainable fixed-income space.