Putnam Focused Large Cap Value ETF
PVAL
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
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- May 26, 2021
- CIK
- 0001572661
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that seeks to provide investment results that correspond to the price and yield performance, before fees and expenses, of the S&P 500 Focused Value Index. The fund invests primarily in large-cap U.S. equity securities classified in the value segment of the equity market, with a focus on those exhibiting strong value characteristics such as low price-to-earnings, low price-to-book, and high dividend yields; it employs a non-transparent, actively managed strategy utilizing the NYSE Index Proxy Portfolio (NPP) structure to track its benchmark while allowing for portfolio manager discretion in security selection and weighting. PVAL offers investors exposure to approximately 40-50 holdings selected from the S&P 500 universe based on quantitative value metrics, cash flow stability, and fundamental analysis, including sectors like financials, healthcare, industrials, and consumer staples; it is issued and managed by Putnam Investments, providing daily liquidity on the NYSE Arca exchange with a competitive expense ratio. Putnam Investments, headquartered in Boston, Massachusetts, and founded in 1937 as part of the broader Putnam family of mutual funds and ETFs, serves as the sponsor and investment adviser for PVAL, leveraging its expertise in value-oriented equity strategies across retail and institutional investors in the U.S. and select international markets. The fund targets long-term capital appreciation and income for investors seeking undervalued large-cap opportunities amid market volatility, with assets under management emphasizing quality dividend payers and financially sound companies. In recent developments, PVAL marked its launch in 2023 as part of Putnam's expansion into non-transparent ETFs using innovative proxy portfolio methodologies to enhance active management efficiency; it has seen steady asset growth amid rising interest in value strategies post-2022 market shifts, with no major acquisitions or partnerships announced in the last 1-2 years but benefiting from Putnam's broader integration under Charles Schwab following the 2020 acquisition of TD Ameritrade, which expanded distribution channels.