PVAL vs. OCEN ETF Comparison

Comparison of Putnam Focused Large Cap Value ETF (PVAL) to IQ Clean Oceans ETF (OCEN)

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$39.58

Average Daily Volume

300,953

Number of Holdings ^*

* may have additional holdings in another (foreign) market

OCEN

IQ Clean Oceans ETF

OCEN Description

The OCEN IQ Clean Oceans ETF tracks the IQ Clean Oceans Index, which seeks to track companies that help to protect and/or achieve cleaner oceans through reduced pollution and increased resource efficiency.

Grade (RS Rating)

Last Trade

$21.24

Average Daily Volume

157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PVAL	OCEN
30 Days	3.78%	-3.72%
60 Days	5.04%	-8.29%
90 Days	6.43%	-6.13%
12 Months	34.54%	4.80%

5 Overlapping Holdings

Symbol	Grade	Weight in PVAL	Weight in OCEN	Overlap
ABBV	D	1.43%	3.14%	1.43%
BALL	D	1.37%	1.74%	1.37%
IR	B	2.13%	3.66%	2.13%
MSFT	F	2.48%	3.23%	2.48%
NXPI	D	2.76%	2.79%	2.76%

PVAL Overweight 39 Positions Relative to OCEN

Symbol	Grade	Weight
WMT	A	4.2%
XOM	B	3.89%
TMO	F	3.56%
C	A	3.55%
BAC	A	3.44%
ORCL	B	3.33%
UNH	C	3.27%
KO	D	2.91%
PHM	D	2.69%
HLT	A	2.66%
COF	B	2.6%
SNY	F	2.58%
FCX	D	2.38%
LUV	C	2.37%
FDX	B	2.37%
GLPI	C	2.3%
COP	C	2.28%
APO	B	2.25%
NOC	D	2.21%
MCK	B	2.14%
AIG	B	2.11%
GS	A	2.03%
PM	B	2.0%
NEE	D	1.92%
PPL	B	1.78%
GM	B	1.75%
QCOM	F	1.72%
AZN	D	1.71%
BJ	A	1.67%
SCHW	B	1.59%
JCI	C	1.52%
NRG	B	1.49%
TMUS	B	1.49%
EMN	D	1.45%
REGN	F	1.44%
VLO	C	1.37%
CTVA	C	1.35%
URI	B	1.17%
CHTR	C	0.94%

PVAL Underweight 17 Positions Relative to OCEN

Symbol	Grade	Weight
INTC	D	-3.53%
EXC	C	-3.3%
NKE	D	-2.86%
XYL	D	-2.77%
SW	A	-2.65%
AWK	D	-2.51%
WSM	B	-2.02%
FSLR	F	-1.74%
UMC	F	-1.52%
SUI	D	-1.45%
AYI	B	-0.9%
ENPH	F	-0.77%
BMI	B	-0.59%
ORA	B	-0.29%
OI	C	-0.27%
AGR	B	-0.27%
SEDG	F	-0.12%