PPIE
Putnam PanAgora ESG International Equity ETF
Putnam PanAgora ESG International Equity ETF seeks to provide long-term capital appreciation by investing in non-U.S. equity securities with a focus on environmental, social, and governance (ESG) factors.
International
EQUITY
Active
MANAGEMENT STYLE
272.0 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Putnam |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 19, 2023 |
| Assets (mns) | $272 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVARTIS AG | 3.6 % |
| SONY CORP | 3.3 % |
| INTESA SANPAOLO S.P.A. | 3.3 % |
| ASML HOLDING NV-NY REG SHS | 3.2 % |
| TESCO PLC | 2.7 % |
| VINCI SA | 2.6 % |
| NEC CORP | 2.4 % |
| ITOCHU CORP | 2.3 % |
| FANUC LTD | 2.3 % |
| 3I GROUP PLC | 2.2 % |
Constituent Breakdown
| Number of holdings | 141 |
| Herfindahl-Hirschman Index | 212 |
| Wgt avg mkt cap (mns) | $83,477 |
| Large cap (>$10bn) | 86.0% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 92.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.1 % |
 |
BRITAIN | 14.8 % |
 |
FRANCE | 13.5 % |
 |
NETHERLANDS | 8.3 % |
 |
SWITZERLAND | 7.4 % |
 |
GERMANY | 6.9 % |
 |
AUSTRALIA | 5.8 % |
 |
ITALY | 5.4 % |
 |
SWEDEN | 2.6 % |
 |
SINGAPORE | 2.3 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.4% | 22.4% | 12.0% | -- | -- | -- | -- | 10.2% |
| Dividend Yield | 0.0% | 0.0% | 2.8% | -- | -- | -- | -- | 3.1% |
| Total Returns | 22.4% | 22.4% | 14.8% | -- | -- | -- | -- | 13.3% | Ann. Volatility | 18.2% | 18.2% | 15.7% | -- | -- | -- | -- | 14.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 46% |
| MSCI EAFE | 0.97 | 76% |
| MSCI Emg Mkts | 0.72 | 49% |
Liquidity Measures
| Avg. volume (000) | 31 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
Technical Indicators
| 30d moving avg. (EMA) | $27.79 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.26/-0.29 |
| Bollinger Bands (Upper/Lower) | $29.46/$26.00 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PPIE |
Expenses vs. PPIE |
ALTAR Score™ vs. PPIE |
|---|---|---|---|---|
| JIVE | JPMorgan International Value ETF | 31.6% | +6 bp | +9.6% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 31.0% | -29 bp | +6.6% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 29.9% | -25 bp | +6.8% |
| FENI | Fidelity Enhanced International ETF | 29.7% | -21 bp | +6.6% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 28.5% | -40 bp | +7.2% |
| IVLU | iShares MSCI Intl Value Factor ETF | 26.9% | -19 bp | +9.3% |
| STXI | Strive International Developed Markets ETF | 26.9% | -20 bp | +6.5% |
| EFV | iShares MSCI EAFE Value ETF | 26.8% | -15 bp | +8.4% |
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 26.4% | -35 bp | +6.2% |
| JHMD | John Hancock Multifactor Developed International ETF | 26.3% | -10 bp | +6.8% |
Risk and Returns: PPIE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
PPIE
7.6%
Cat. Avg
6.7%
ALTAR Score™ Calculation
Category Overview
There are 270 funds in the International Equity category, with an average ALTAR Score™
of 6.7% and a standard deviation of
1.7%. PPIE's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places PPIE in the 69th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PPIESELL
U/W
HOLD
O/W
BUY