LVOL vs. PFUT ETF Comparison

Comparison of American Century Low Volatility ETF (LVOL) to Putnam Sustainable Future ETF (PFUT)

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

266

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFUT

Putnam Sustainable Future ETF

PFUT Description

The investment seeks long-term capital appreciation. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services provide solutions that directly contribute to sustainable social, environmental and economic development (Impact Companies). Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Management?s sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4.

Grade (RS Rating)

Last Trade

$25.04

Average Daily Volume

23,657

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LVOL	PFUT
30 Days	2.05%	3.13%
60 Days	3.58%	3.73%
90 Days	4.60%	1.62%
12 Months	20.58%	31.89%

5 Overlapping Holdings

Symbol	Grade	Weight in LVOL	Weight in PFUT	Overlap
CTAS	B	1.76%	1.18%	1.18%
ECL	B	0.86%	0.72%	0.72%
IT	B	0.45%	2.24%	0.45%
MA	B	2.41%	1.91%	1.91%
ROP	C	0.77%	2.49%	0.77%

LVOL Overweight 93 Positions Relative to PFUT

Symbol	Grade	Weight
MSFT	C	8.08%
AAPL	C	6.71%
V	C	3.09%
JNJ	C	2.92%
PG	C	2.79%
ACN	C	2.59%
CSCO	C	2.52%
BRK.A	C	2.48%
HD	B	2.42%
LIN	B	2.34%
COST	B	2.06%
AMZN	C	2.05%
GOOGL	D	2.03%
MMC	C	1.96%
KO	C	1.96%
MDT	C	1.88%
MRK	D	1.85%
APH	D	1.75%
TEL	D	1.67%
SPGI	B	1.48%
INTU	C	1.46%
CTSH	C	1.45%
ABT	C	1.4%
PEP	C	1.39%
PAYX	C	1.26%
DOX	C	1.26%
MCD	B	1.25%
HON	D	1.21%
CB	B	1.2%
BSX	B	1.07%
CL	D	1.02%
RSG	D	1.02%
SHW	B	1.0%
CMI	C	0.99%
GD	B	0.96%
PTC	D	0.94%
WM	D	0.89%
MCO	B	0.88%
MSI	B	0.81%
DOV	B	0.76%
ITW	C	0.76%
EA	D	0.69%
SYK	C	0.69%
GOOG	D	0.68%
ADSK	C	0.68%
HIG	B	0.66%
IBM	B	0.63%
TDY	B	0.62%
NDSN	C	0.56%
AMP	A	0.56%
KMB	D	0.56%
TRV	C	0.5%
FAST	C	0.48%
GWW	B	0.47%
VRSK	D	0.45%
YUM	D	0.44%
CMCSA	D	0.38%
OTIS	C	0.36%
WMT	C	0.35%
GRMN	D	0.32%
SNA	C	0.32%
LOW	B	0.29%
BR	D	0.29%
NTAP	D	0.28%
BLK	B	0.27%
PKG	B	0.22%
HOLX	B	0.22%
MDLZ	B	0.21%
AVY	C	0.2%
DLB	D	0.19%
VRSN	D	0.19%
MAS	B	0.19%
CRM	D	0.18%
IEX	D	0.17%
FDS	C	0.17%
ZBH	F	0.17%
JKHY	B	0.15%
LLY	C	0.15%
FFIV	B	0.14%
ORLY	C	0.13%
CDW	D	0.11%
ABBV	C	0.1%
CW	B	0.1%
AON	B	0.1%
AJG	D	0.1%
AXP	B	0.09%
CHE	C	0.08%
GGG	C	0.08%
DCI	C	0.08%
LSTR	D	0.08%
ITT	B	0.08%
AVB	B	0.06%
VLTO	C	0.04%

LVOL Underweight 70 Positions Relative to PFUT

Symbol	Grade	Weight
IWP	B	-2.73%
CWST	D	-2.31%
TMO	B	-2.22%
IDXX	C	-2.21%
FSS	D	-2.16%
DHR	B	-2.16%
SFM	B	-2.15%
REGN	C	-2.13%
FICO	B	-1.99%
DDOG	D	-1.95%
ICLR	D	-1.9%
ISRG	B	-1.87%
XYL	C	-1.84%
HASI	C	-1.78%
MSCI	C	-1.76%
AMAT	D	-1.76%
NEE	C	-1.74%
VRT	C	-1.65%
ASML	F	-1.64%
CEG	C	-1.64%
PWR	B	-1.62%
PINS	F	-1.62%
MTN	D	-1.56%
ADBE	F	-1.53%
LULU	D	-1.5%
COF	B	-1.48%
NOW	B	-1.44%
CDNS	D	-1.42%
GPK	B	-1.42%
RRX	C	-1.34%
RMD	C	-1.33%
TPG	B	-1.24%
ONON	C	-1.24%
HUBS	D	-1.22%
HAE	F	-1.2%
CNM	F	-1.2%
ZTS	C	-1.19%
VERX	D	-1.16%
MTD	D	-1.16%
HQY	C	-1.16%
CMG	C	-1.13%
SNPS	D	-1.12%
ESTC	F	-1.12%
SUM	D	-1.11%
URI	B	-1.08%
STX	C	-1.06%
TRMB	C	-0.99%
ALTR	C	-0.95%
ADI	C	-0.94%
ZBRA	B	-0.94%
UBER	C	-0.9%
VRRM	D	-0.89%
LEVI	C	-0.86%
BMRN	F	-0.84%
FWRG	F	-0.84%
FSLR	C	-0.78%
WY	C	-0.74%
DXCM	F	-0.74%
CPB	C	-0.66%
KKR	B	-0.65%
ARGX	C	-0.62%
TWST	D	-0.58%
EXAS	C	-0.57%
ASND	C	-0.5%
PEN	D	-0.48%
DAR	F	-0.44%
RCKT	D	-0.42%
CMPS	D	-0.32%
PL	F	-0.2%
NVDA	D	-0.19%