PPEM ETF — Holdings & Analysis

The Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an equity fund with $0.02B in assets under management and an expense ratio of 0.60%.

Launched in January 2023, PPEM focuses on long-term capital appreciation by investing in emerging market companies with attractive benchmark-relative returns and positive ESG metrics. A key differentiator is its focus on integrating ESG factors into its emerging market equity selection process, potentially appealing to socially conscious investors.

Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) ETF — Price, Holdings & Analysis

The Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an equity fund with $0.02B in assets under management and an expense ratio of 0.60%. Launched in January 2023, PPEM focuses on long-term capital appreciation by investing in emerging market companies with attractive benchmark-relative returns and positive ESG metrics. A key differentiator is its focus on integrating ESG factors into its emerging market equity selection process, potentially appealing to socially conscious investors.

ETF Overview

The fund seeks long-term capital appreciation. The fund invests mainly in common stocks (growth or value stocks or both) of emerging markets companies of any size with a focus on companies that the fund's investment manager believes offer attractive benchmark-relative returns and exhibit positive environmental, social and governance (ESG) metrics.

PPEM aims for long-term capital appreciation by investing primarily in common stocks of emerging market companies, considering both growth and value stocks. The fund emphasizes companies that demonstrate positive environmental, social, and governance (ESG) characteristics, aligning with socially responsible investing principles. The fund's top holdings reflect a focus on technology and financial services, with significant allocations to Putnam Government Money Market P (20.49%), Taiwan Semiconductor Manufacturing Co Ltd (7.82%), and SK Hynix Inc (3.59%). Sector allocation is heavily weighted towards Technology (39.5%) and Financial Services (20.6%), with significant exposure to Communication Services (10.1%) and Consumer Cyclical (8.8%). Country exposure is concentrated in Taiwan (24.1%), China (22.6%), and South Korea (18.7%), indicating a focus on key Asian emerging markets. This strategy may appeal to investors seeking emerging market exposure with an ESG overlay.

Risk Metrics

PPEM's risk profile is influenced by its concentration in specific sectors and countries. The Technology sector accounts for a significant 39.5% of the portfolio, exposing the fund to sector-specific risks. Similarly, the fund's exposure to Taiwan (24.1%), China (22.6%), and South Korea (18.7%) means that geopolitical or economic events in these regions could significantly impact performance. With a 3-year beta of 0.98, PPEM's volatility is similar to the broader market. The expense ratio of 0.60% will create a drag on returns, especially when compared to lower-cost alternatives. these may be worth researching factors when evaluating PPEM's suitability for their portfolios. Past performance does not guarantee future results.

Expense Ratio

0.60%

What does PPEM hold?

Holding	Weight
Putnam Government Money Market P (PGLXX)	20.49%
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW)	7.82%
SK Hynix Inc (000660.KS)	3.59%
Samsung Electronics Co Ltd (005930.KS)	3.07%
Tencent Holdings Ltd (0700.HK)	1.72%
Delta Electronics Inc (2308.TW)	1.71%
Hana Financial Group Inc (086790.KS)	1.25%
Gold Fields Ltd ADR (GFI)	1.25%
Alibaba Group Holding Ltd ADR (BABA)	1.02%
Power Grid Corp Of India Ltd (POWERGRID.BO)	0.99%

How Is the Fund Allocated?

Sector	Weight
Technology	39.5%
Financial Services	20.6%
Communication Services	10.1%
Consumer Cyclical	8.8%
Basic Materials	5.9%
Industrials	3.8%
Healthcare	3.1%
Utilities	2.8%
Energy	2.5%
Real Estate	1.9%
Consumer Defensive	1.2%
Cash & Others	0.0%

Country	Weight
Taiwan	24.1%
China	22.6%
South Korea	18.7%
India	11.0%
Brazil	4.2%
South Africa	3.0%
Hong Kong	2.6%
Mexico	2.6%
United Arab Emirates	2.4%
Saudi Arabia	2.1%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% 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
Franklin U.S. Low Volatility ETF (FLLV) (Equity) — 0.29% expense ratio
Franklin U.S. Core Bond ETF (FLCB) (Fixed Income) — 0.15% expense ratio
Putnam Sustainable Future ETF (PFUT) (Equity) — 0.65% expense ratio
Franklin Short Duration U.S. Government ETF (FTSD) (Fixed Income) — 0.25% expense ratio

Risk Metrics

Beta: 0.98

Questions & Answers

What is PPEM and what does it track?

The Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an exchange-traded fund that seeks long-term capital appreciation by investing primarily in the common stocks of emerging market companies.

PPEM focuses on companies that the fund's investment manager believes offer attractive benchmark-relative returns and exhibit positive environmental, social, and governance (ESG) metrics.

What is the expense ratio for PPEM?

The expense ratio for the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is 0.60%. This means that for every $10,000 invested, $60 is used to cover the fund's operating expenses annually.

While this is a reasonable expense, it is important to consider that the category average expense ratio for similar emerging market equity ETFs is around 0.44%.

What are the top holdings in PPEM?

As of 2026-03-15, the top holdings in the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) are: 1) Putnam Government Money Market P (PGLXX) at 20.49%, 2) Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) at 7.82%, 3) SK Hynix Inc (000660.KS)…

at 3.59%, 4) Samsung Electronics Co Ltd (005930.KS) at 3.07%, and 5) Tencent Holdings Ltd (0700.HK) at 1.72%.

Is PPEM a good long-term investment?

Whether PPEM is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. PPEM offers exposure to emerging market equities with an ESG focus.

The fund's expense ratio is 0.60%, and it has a beta of 0.98.

How does PPEM compare to similar ETFs?

PPEM distinguishes itself from other emerging market ETFs through its ESG-focused investment approach. While many emerging market ETFs track broad market indices, PPEM actively selects companies based on ESG criteria.

PPEM's expense ratio of 0.60% is higher than some passively managed emerging market ETFs, but potentially justified by its active ESG integration.

Does PPEM pay dividends?

As of 2026-03-15, the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) 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 ETFs with a higher dividend yield. However, PPEM's focus is on capital appreciation rather than income generation.