PFUT vs. ALAI ETF Comparison

Comparison of Putnam Sustainable Future ETF (PFUT) to Alger AI Enablers & Adopters ETF (ALAI)

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

$26.12

Average Daily Volume

22,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ALAI

Alger AI Enablers & Adopters ETF

ALAI Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Grade (RS Rating)

Last Trade

$26.16

Average Daily Volume

10,280

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFUT	ALAI
30 Days	3.10%	7.65%
60 Days	4.34%	14.09%
90 Days	6.07%	18.70%
12 Months	31.64%

12 Overlapping Holdings

Symbol	Grade	Weight in PFUT	Weight in ALAI	Overlap
ADBE	C	1.32%	1.2%	1.2%
ASML	F	1.17%	0.81%	0.81%
CDNS	B	1.38%	0.56%	0.56%
CEG	C	1.77%	1.69%	1.69%
HUBS	A	1.28%	0.2%	0.2%
ISRG	A	2.01%	1.4%	1.4%
NEE	C	1.77%	0.27%	0.27%
NOW	A	1.51%	0.68%	0.68%
PINS	F	1.52%	0.79%	0.79%
PWR	A	1.68%	0.28%	0.28%
UBER	F	0.96%	0.47%	0.47%
VRT	B	2.05%	2.18%	2.05%

PFUT Overweight 66 Positions Relative to ALAI

Symbol	Grade	Weight
ROP	B	2.09%
TMO	F	2.06%
DHR	F	1.99%
SFM	A	1.94%
IT	C	1.87%
FSS	B	1.85%
MSCI	C	1.83%
FICO	B	1.8%
DDOG	A	1.78%
HASI	D	1.72%
XYL	D	1.71%
MA	B	1.69%
CWST	A	1.62%
ICLR	D	1.53%
REGN	F	1.48%
RMD	C	1.45%
TPG	A	1.4%
MTN	C	1.38%
AMAT	F	1.38%
COF	C	1.35%
STX	C	1.3%
EXAS	D	1.29%
GPK	C	1.28%
RRX	B	1.27%
WY	F	1.26%
CPB	D	1.25%
ZBRA	B	1.23%
IDXX	F	1.22%
DAR	C	1.22%
FWRG	C	1.21%
CTAS	B	1.2%
ZTS	D	1.19%
CMG	B	1.15%
ADI	D	1.15%
HQY	A	1.11%
PEN	B	1.1%
ONON	A	1.08%
MTD	F	1.07%
LULU	C	1.04%
LEVI	F	1.04%
TRMB	B	1.04%
VRSK	A	1.03%
VERX	A	1.03%
ALTR	B	0.99%
SUM	B	0.98%
HAE	C	0.98%
SNPS	B	0.94%
COIN	C	0.93%
CNM	D	0.92%
FSLR	F	0.87%
VRRM	F	0.78%
ECL	D	0.77%
ESTC	C	0.75%
KKR	A	0.64%
BMRN	F	0.64%
URI	C	0.62%
ARGX	B	0.6%
GEV	B	0.56%
PL	B	0.54%
ASND	F	0.52%
SGBX	F	0.49%
AZN	F	0.49%
DXCM	C	0.46%
TWST	F	0.43%
RCKT	F	0.29%
CMPS	F	0.25%

PFUT Underweight 29 Positions Relative to ALAI

Symbol	Grade	Weight
MSFT	D	-11.86%
AAPL	C	-11.09%
NVDA	B	-10.98%
AMZN	C	-8.81%
META	D	-6.72%
APP	B	-4.79%
AVGO	D	-4.14%
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	C	-2.33%
DKNG	B	-1.77%
MELI	C	-1.45%
UNH	B	-1.42%
EQIX	A	-1.34%
NFLX	A	-1.34%
NRG	B	-1.02%
AMD	F	-1.01%
SPOT	B	-1.0%
MU	D	-0.88%
SE	A	-0.8%
NTRA	A	-0.74%
TSLA	B	-0.63%
DELL	B	-0.58%
MRVL	B	-0.48%
DLR	B	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
SHOP	B	-0.24%
JPM	A	-0.22%