PPIE vs. AADR ETF Comparison

Comparison of Putnam PanAgora ESG International Equity ETF (PPIE) to WCM BNY Mellon Focused Growth ADR ETF (AADR)

PPIE

Putnam PanAgora ESG International Equity ETF

PPIE Description

The fund invests mainly in common stocks (growth or value stocks or both) of companies of any size outside the United States with a focus on companies that the fund"s subadviser, believes offer attractive benchmark-relative returns and exhibit positive environmental, social and governance ("ESG") metrics. The fund"s equity investments may include common stocks, preferred stocks, convertible securities, warrants, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs").

Grade (RS Rating)

Last Trade

$23.42

Average Daily Volume

16,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$66.83

Average Daily Volume

870

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPIE	AADR
30 Days	-4.69%	1.60%
60 Days	-5.60%	5.25%
90 Days	-4.53%	7.70%
12 Months	14.89%	28.31%

4 Overlapping Holdings

Symbol	Grade	Weight in PPIE	Weight in AADR	Overlap
BCS	B	1.46%	2.74%	1.46%
MUFG	A	0.97%	3.6%	0.97%
NVS	D	3.86%	2.03%	2.03%
SMFG	A	2.76%	2.54%	2.54%

PPIE Overweight 7 Positions Relative to AADR

Symbol	Grade	Weight
SONY	B	3.06%
ASML	F	2.61%
AER	B	1.09%
NOK	C	0.63%
ICLR	F	0.47%
WIX	A	0.43%
TD	D	0.29%

PPIE Underweight 22 Positions Relative to AADR

Symbol	Grade	Weight
YPF	A	-6.36%
GGAL	A	-5.56%
NVO	F	-4.85%
BMA	B	-4.69%
ERJ	A	-4.36%
PAM	A	-3.96%
ABBV	F	-3.64%
QFIN	B	-3.05%
SAP	B	-3.04%
VRNA	B	-2.9%
RELX	D	-2.72%
BBVA	D	-2.68%
MELI	D	-2.68%
SE	A	-2.63%
ERIC	A	-2.58%
HMY	C	-2.49%
TSM	B	-2.36%
ING	D	-2.13%
TEVA	D	-2.13%
CHKP	D	-2.09%
FUTU	C	-1.79%
TCOM	B	-1.74%