PFRX – Putnam Focused U.S. Research ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund invests mainly in equity securities (growth or value stocks or both) of large and midsize companies that the manager believes have favorable investment potential. Under normal circumstances, it invests at least 80% of its net assets in equity investments, including common stocks, preferred stocks, convertible securities, warrants, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PFRX	Putnam Focused U.S. Research ETF	ETF	Closed			May 22, 2018	$4.10M	0.350%	High	—	$1.05M

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