PVAL vs. XRT ETF Comparison

Comparison of Putnam Focused Large Cap Value ETF (PVAL) to SPDR S&P Retail ETF (XRT)

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

$36.83

Average Daily Volume

216,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XRT

SPDR S&P Retail ETF

XRT Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index. In seeking to track the performance of the S&P Retail Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the retail industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$76.53

Average Daily Volume

5,691,527

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PVAL	XRT
30 Days	2.45%	1.08%
60 Days	2.76%	3.40%
90 Days	6.16%	7.00%
12 Months	26.85%	17.07%

3 Overlapping Holdings

Symbol	Grade	Weight in PVAL	Weight in XRT	Overlap
BJ	B	1.83%	1.36%	1.36%
ORLY	C	1.43%	1.39%	1.39%
WMT	B	3.52%	1.4%	1.4%

PVAL Overweight 41 Positions Relative to XRT

Symbol	Grade	Weight
XOM	D	4.01%
BAC	A	3.57%
APO	A	3.28%
ORCL	B	2.97%
REGN	B	2.92%
C	B	2.78%
GS	A	2.72%
KO	B	2.62%
COP	D	2.6%
FCX	C	2.59%
CI	D	2.56%
TMO	D	2.54%
MCK	C	2.54%
MSFT	C	2.47%
COF	C	2.46%
PG	D	2.45%
NXPI	B	2.43%
HLT	B	2.39%
AIG	C	2.35%
JCI	C	2.35%
NRG	D	2.29%
PHM	C	2.27%
SNY	B	2.26%
QCOM	C	2.13%
IR	B	2.08%
GLPI	B	2.07%
FDX	B	1.89%
SCHW	C	1.85%
GM	B	1.81%
VLO	D	1.64%
CEG	C	1.62%
EXC	D	1.51%
BALL	D	1.45%
EMN	D	1.36%
NOC	F	1.34%
CTVA	D	1.33%
TMUS	B	1.3%
LUV	D	1.24%
ABBV	B	1.2%
URI	C	1.0%
CHTR	D	0.85%

PVAL Underweight 73 Positions Relative to XRT

Symbol	Grade	Weight
CVNA	B	-1.7%
OLLI	A	-1.52%
CHWY	C	-1.5%
SFM	B	-1.5%
AMZN	C	-1.48%
SBH	C	-1.47%
DDS	B	-1.43%
GO	F	-1.43%
KMX	C	-1.43%
VVV	B	-1.43%
ODP	F	-1.42%
BURL	A	-1.41%
TGT	C	-1.41%
JWN	A	-1.41%
SIG	D	-1.4%
TJX	A	-1.4%
BKE	C	-1.4%
COST	C	-1.39%
PAG	C	-1.39%
EBAY	B	-1.39%
CWH	D	-1.39%
WRBY	D	-1.38%
HIBB	A	-1.38%
URBN	A	-1.38%
KR	C	-1.38%
BOOT	C	-1.38%
PSMT	D	-1.38%
KSS	D	-1.37%
CASY	B	-1.37%
DG	D	-1.37%
AZO	C	-1.37%
ULTA	D	-1.37%
DLTR	F	-1.37%
LAD	D	-1.37%
ROST	A	-1.36%
ETSY	F	-1.36%
ACI	F	-1.36%
ABG	C	-1.35%
ASO	F	-1.35%
AN	C	-1.34%
M	C	-1.34%
ANF	C	-1.33%
WINA	C	-1.33%
FIVE	F	-1.32%
MUSA	B	-1.32%
GPI	D	-1.32%
MNRO	F	-1.31%
GES	D	-1.31%
CAL	D	-1.31%
GPS	C	-1.31%
SAH	D	-1.31%
FL	D	-1.31%
AAP	F	-1.3%
BBY	B	-1.3%
AEO	D	-1.29%
RVLV	F	-1.28%
TSCO	D	-1.28%
DKS	C	-1.27%
EYE	F	-1.27%
VSCO	D	-1.24%
BBWI	F	-1.2%
GME	C	-1.17%
HZO	C	-1.1%
LESL	F	-1.09%
WBA	F	-0.98%
DBI	F	-0.93%
GRPN	C	-0.92%
SCVL	B	-0.89%
WMK	C	-0.84%
IMKTA	D	-0.82%
CRMT	D	-0.66%
GCO	D	-0.47%
ARKO	D	-0.3%