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
267.9 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) | $268 |
| 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
| SONY CORP | 4.6 % |
| NOVARTIS AG | 4.6 % |
| INTESA SANPAOLO S.P.A. | 4.1 % |
| SWISS RE AG | 3.7 % |
| 3I GROUP PLC | 3.7 % |
| VINCI SA | 3.1 % |
| TESCO PLC | 2.9 % |
| ERSTE GROUP BANK AG | 2.7 % |
| ASML HOLDING NV-NY REG SHS | 2.6 % |
| BARCLAYS PLC-SPONS ADR | 2.5 % |
Constituent Breakdown
| Number of holdings | 132 |
| Herfindahl-Hirschman Index | 212 |
| Wgt avg mkt cap (mns) | $82,832 |
| Large cap (>$10bn) | 87.7% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 92.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 19.9 % |
 |
BRITAIN | 14.0 % |
 |
FRANCE | 11.9 % |
 |
SWITZERLAND | 9.9 % |
 |
GERMANY | 7.1 % |
 |
ITALY | 4.6 % |
 |
AUSTRALIA | 4.3 % |
 |
NETHERLANDS | 4.1 % |
 |
AUSTRIA | 2.7 % |
 |
DENMARK | 2.6 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.0% | 20.2% | 20.5% | -- | -- | -- | -- | 12.9% |
| Dividend Yield | 0.0% | 0.0% | 2.0% | -- | -- | -- | -- | 1.3% |
| Total Returns | 29.0% | 20.2% | 22.5% | -- | -- | -- | -- | 14.3% | Ann. Volatility | 17.3% | 17.3% | 15.3% | -- | -- | -- | -- | 14.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 46% |
| MSCI EAFE | 0.63 | 46% |
| MSCI Emg Mkts | 0.49 | 25% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| Recent close | $28.42 |
| 30d moving avg. | $28.25 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 56 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| NUDM | Nuveen ESG International Developed Markets Equity ETF | 25.0% | -18 bp | +5.9% |
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 22.4% | -35 bp | +6.0% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 20.5% | -29 bp | +6.5% |
| DOL | WisdomTree International LargeCap Dividend Fund | 20.2% | -1 bp | +6.9% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 20.0% | -25 bp | +6.9% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 19.9% | -40 bp | +7.7% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 19.5% | -40 bp | +9.0% |
| FENI | Fidelity Enhanced International ETF | 19.4% | -21 bp | +6.2% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 19.2% | -9 bp | +9.8% |
| VWID | Virtus WMC International Dividend ETF | 18.1% | 0 bp | +8.1% |
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 | 2024 | 2025 | 2026 | |
| 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 11/6/2025
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PPIE
7.1%
Cat. Avg
6.9%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 6.9% and a standard deviation of
1.8%. PPIE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places PPIE in the 55th 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
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 52 |
| Avg. Expense Ratio | 55.6 bp |
| Std. Deviation | 25.5 bp |
| PPIE (49 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PPIE | 49.0 | 21.5 | 70.5 |
| Peer Avg. | 55.6 | 36.9 | 92.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .