Putnam ESG Ultra Short ETF
PULT
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 - Bonds
- Address
- 100 Federal Street Boston MA United States of America 2110
- IPO Date
- Jan 23, 2023
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam ESG Ultra Short ETF (PULT) is an actively managed exchange-traded fund that seeks as high a rate of current income as its investment manager believes is consistent with preservation of capital and maintenance of liquidity. The fund invests primarily in a diversified portfolio of short-duration, investment-grade fixed-income securities, including money market instruments and other fixed-income securities such as U.S. dollar-denominated foreign securities; it applies an integrated environmental, social, and governance (ESG) approach by focusing on companies or issuers that meet relevant sector-specific ESG criteria. PULT features a weighted average maturity of approximately 1.32 years, an effective duration of 0.51 years, and a net expense ratio of 0.25%, targeting investors seeking attractive risk-adjusted performance in ultrashort bond strategies. Sponsored and managed by Putnam Investments, a subsidiary of Franklin Templeton operating within the fixed-income segment of the asset management industry, PULT serves individual investors, financial advisors, retirement plans, and institutional clients focused on ESG-integrated short-term investments. Launched on January 19, 2023, as part of Putnam's initial suite of five ESG-focused ETFs, PULT operates globally with exposure to issuers in the United States and international markets. Putnam Investments, the fund's sponsor, was founded in 1937 and is headquartered in Boston, Massachusetts, with additional offices in London, Tokyo, and other locations. In a major development, Franklin Templeton completed its acquisition of Putnam Investments from Great-West Lifeco, Inc. on January 1, 2024, for approximately $925 million, enhancing scale in retirement assets, defined contribution plans, stable value, and ultra-short duration strategies while integrating Putnam's ESG capabilities into Franklin Templeton's broader platform; this transaction increased Franklin Templeton's assets under management to $1.55 trillion and positioned Great-West as a long-term shareholder.