PPIE vs. FEDM ETF Comparison

Comparison of Putnam PanAgora ESG International Equity ETF (PPIE) to FlexShares ESG & Climate Developed Markets (FEDM)

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

$23.37

Average Daily Volume

16,364

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEDM

FlexShares ESG & Climate Developed Markets

FEDM Description

FlexShares ESG & Climate Developed Markets is an exchange traded indexed fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in public equity markets across global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Northern Trust ESG & Climate Developed Markets, by using representative sampling technique. FlexShares ESG & Climate Developed Markets was formed on September 20, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.16

Average Daily Volume

1,106

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPIE	FEDM
30 Days	-3.17%	-4.55%
60 Days	-5.78%	-6.24%
90 Days	-6.01%	-4.19%
12 Months	14.56%	11.63%

5 Overlapping Holdings

Symbol	Grade	Weight in PPIE	Weight in FEDM	Overlap
BCS	A	1.46%	0.24%	0.24%
MUFG	B	0.97%	0.89%	0.89%
NVS	F	3.86%	1.21%	1.21%
SONY	B	3.06%	0.75%	0.75%
TD	D	0.29%	1.24%	0.29%

PPIE Overweight 6 Positions Relative to FEDM

Symbol	Grade	Weight
SMFG	B	2.76%
ASML	F	2.61%
AER	A	1.09%
NOK	D	0.63%
ICLR	D	0.47%
WIX	A	0.43%

PPIE Underweight 11 Positions Relative to FEDM

Symbol	Grade	Weight
DEO	F	-0.95%
CNI	F	-0.87%
HSBH	B	-0.75%
TM	F	-0.56%
NMR	B	-0.5%
XRX	F	-0.34%
OTEX	F	-0.22%
WFG	C	-0.15%
MFG	A	-0.15%
GOLD	C	-0.05%
HMC	F	-0.04%