PPIE vs. EWJ ETF Comparison

Comparison of Putnam PanAgora ESG International Equity ETF (PPIE) to iShares MSCI Japan Index Fund (EWJ)

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

$23.46

Average Daily Volume

16,497

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWJ

iShares MSCI Japan Index Fund

EWJ Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Japan Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the Tokyo Stock Exchange. Components primarily include consumer discretionary, financial and industrials companies.

Grade (RS Rating)

Last Trade

$67.95

Average Daily Volume

4,403,730

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPIE	EWJ
30 Days	-1.42%	1.94%
60 Days	-5.73%	-5.23%
90 Days	-5.65%	-5.53%
12 Months	14.99%	11.08%

3 Overlapping Holdings

Symbol	Grade	Weight in PPIE	Weight in EWJ	Overlap
MUFG	B	0.97%	3.47%	0.97%
SMFG	B	2.76%	2.34%	2.34%
SONY	B	3.06%	3.09%	3.06%

PPIE Overweight 8 Positions Relative to EWJ

Symbol	Grade	Weight
NVS	D	3.86%
ASML	F	2.61%
BCS	C	1.46%
AER	B	1.09%
NOK	D	0.63%
ICLR	D	0.47%
WIX	B	0.43%
TD	F	0.29%

PPIE Underweight 6 Positions Relative to EWJ

Symbol	Grade	Weight
TM	D	-4.76%
MFG	B	-1.56%
HMC	F	-1.04%
NMR	B	-0.47%
AGCO	D	-0.16%
MBAVU	D	-0.09%