PHYD ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

PHYD's expense ratio is 0.57%. A unique aspect of PHYD is its emphasis on ESG factors within the high-yield bond market, potentially appealing to investors seeking both income and socially responsible investments. Past performance does not guarantee future results.

Putnam ESG High Yield ETF (PHYD) ETF — Price, Holdings & Analysis

The Putnam ESG High Yield ETF (PHYD) is a fixed-income fund managed by Franklin Templeton, with $0.01 billion in assets under management. Launched in 2023, PHYD seeks high current income, focusing on below-investment-grade bonds from companies meeting specific ESG criteria. PHYD's expense ratio is 0.57%. A unique aspect of PHYD is its emphasis on ESG factors within the high-yield bond market, potentially appealing to investors seeking both income and socially responsible investments. Past performance does not guarantee future results.

ETF Overview

The fund seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are below investment grade in quality with a focus on companies or issuers that the fund's investment manager believes meet relevant environmental, social or governance (ESG) criteria on a sector-specific basis.

PHYD aims to generate high current income by investing primarily in below-investment-grade bonds, commonly known as high-yield or junk bonds. The fund's investment strategy incorporates Environmental, Social, and Governance (ESG) factors, selecting companies that the investment manager believes meet relevant ESG standards within their respective sectors. This ESG focus differentiates PHYD from traditional high-yield bond ETFs. The fund's top holding is Putnam Government Money Market P (PGLXX) at 3.15%. Sector allocations are heavily weighted in Cash & Others at 95.8%, followed by Technology (0.8%), Healthcare (0.7%), Utilities (0.7%), and Industrials (0.7%). The fund's country exposure is primarily to the United States (78.4%). PHYD may be suitable for investors seeking income from the high-yield bond market while prioritizing ESG considerations. Past performance does not guarantee future results.

Risk Metrics

PHYD's risk profile is influenced by its focus on high-yield bonds, which are inherently more volatile than investment-grade bonds. The fund's 3-year beta of 0.61 indicates lower volatility compared to the broader market. A significant allocation to Cash & Others (95.8%) may reduce some credit risk but could also limit potential returns. The fund's expense ratio of 0.57% can create a drag on performance, particularly in a low-yield environment. Concentration risk is moderate, with the top holding representing 3.15% of the portfolio. Sector risk is relatively low due to the diversified nature of the underlying holdings, excluding the large allocation to cash. Investors should be aware of the credit risk associated with high-yield bonds and the potential impact of interest rate changes on bond values. Past performance does not guarantee future results.

Expense Ratio

0.57%

What does PHYD hold?

Holding	Weight
Putnam Government Money Market P (PGLXX)	3.15%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	95.8%
Technology	0.8%
Healthcare	0.7%
Utilities	0.7%
Industrials	0.7%
Consumer Defensive	0.6%
Energy	0.3%
Consumer Cyclical	0.2%
Real Estate	0.1%

Country	Weight
United States	78.4%
Other	19.6%
Canada	0.8%
United Kingdom	0.4%
Switzerland	0.3%
Singapore	0.3%
Ireland	0.2%
Bermuda	0.1%
Cayman Islands	0.0%

Dividend Yield

0.00%

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) — 0.49% expense ratio
iShares 20+ Year Treasury Bond ETF (TLT) — 0.15% expense ratio
JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) — 0.14% expense ratio
iShares Core U.S. Aggregate Bond ETF (AGG) — 0.03% expense ratio
iShares MBS ETF (MBB) — 0.04% expense ratio

Franklin International Low Volatility High Dividend Index ETF (LVHI) (Equity) — 0.40% expense ratio
Franklin FTSE Australia ETF (FLAU) (Equity) — 0.09% expense ratio
Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) (Equity) — 0.60% expense ratio
Franklin Short Duration U.S. Government ETF (FTSD) (Fixed Income) — 0.25% expense ratio
Franklin U.S. Low Volatility ETF (FLLV) (Equity) — 0.29% expense ratio
ClearBridge All Cap Growth ESG ETF (CACG) (Equity) — 0.54% expense ratio

Risk Metrics

Beta: 0.61

Questions & Answers

What is PHYD and what does it track?

The Putnam ESG High Yield ETF (PHYD) is a fixed-income ETF managed by Franklin Templeton. It seeks to generate high current income by investing primarily in below-investment-grade bonds, also known as high-yield or junk bonds.

PHYD differentiates itself by focusing on companies that meet specific Environmental, Social, and Governance (ESG) criteria, as determined by the fund's investment manager.

What is the expense ratio for PHYD?

The expense ratio for the Putnam ESG High Yield ETF (PHYD) is 0.57%. This means that for every $10,000 invested in the fund, $57 is used to cover the fund's operating expenses.

What are the top holdings in PHYD?

As of 2026-03-15, the top holdings in the Putnam ESG High Yield ETF (PHYD) are: 1. Putnam Government Money Market P (PGLXX) at 3.15%.

The fund's allocation to its top holdings indicates a relatively diversified approach within the high-yield bond market, although the large cash position dominates. Investors should review the complete list of holdings to understand the fund's overall composition and risk exposure.

Is PHYD a good long-term investment?

Whether PHYD is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon.

PHYD focuses on high-yield bonds with an ESG overlay, which may appeal to investors seeking both income and socially responsible investments. The fund's expense ratio is 0.57%.

How does PHYD compare to similar ETFs?

PHYD distinguishes itself from other high-yield ETFs through its integration of ESG factors into its investment process. While many high-yield ETFs focus solely on credit risk and yield, PHYD incorporates environmental, social, and governance considerations.

The fund's expense ratio of 0.57% is slightly higher than some traditional high-yield ETFs.

Does PHYD pay dividends?

According to the latest data, the Putnam ESG High Yield ETF (PHYD) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

Investors seeking income from their investments may want to consider other high-yield bond ETFs with a higher dividend yield.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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