SPMV vs. PFUT ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to Putnam Sustainable Future ETF (PFUT)

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$46.62

Average Daily Volume

611

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFUT

Putnam Sustainable Future ETF

PFUT Description

The investment seeks long-term capital appreciation. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services provide solutions that directly contribute to sustainable social, environmental and economic development (Impact Companies). Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet Putnam Management?s sustainability criteria. In applying these criteria, Putnam Management will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4.

Grade (RS Rating)

Last Trade

$25.06

Average Daily Volume

23,781

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	PFUT
30 Days	2.14%	5.15%
60 Days	9.20%	10.54%
90 Days	6.20%	2.50%
12 Months	31.77%	37.81%

8 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in PFUT	Overlap
ADBE	F	2.06%	1.5%	1.5%
GEV	A	2.75%	0.45%	0.45%
IDXX	D	0.45%	1.17%	0.45%
NEE	C	1.78%	1.72%	1.72%
NOW	B	1.51%	1.48%	1.48%
REGN	D	1.51%	1.93%	1.51%
TRMB	B	0.09%	0.97%	0.09%
ZTS	C	1.85%	1.14%	1.14%

SPMV Overweight 67 Positions Relative to PFUT

Symbol	Grade	Weight
CSCO	A	3.07%
NVDA	B	3.02%
QCOM	D	2.96%
AMZN	C	2.95%
AAPL	C	2.92%
TMUS	A	2.92%
MSFT	D	2.91%
AON	A	2.87%
BRK.A	B	2.86%
MDLZ	D	2.85%
PG	D	2.84%
MRK	F	2.81%
MMC	D	2.79%
ABT	C	2.76%
CB	A	2.62%
AJG	C	2.5%
VRTX	D	2.34%
AVGO	B	2.23%
HD	A	2.19%
AMT	D	2.12%
ORCL	A	1.97%
GIS	C	1.71%
PGR	B	1.59%
VRSK	D	1.57%
CRM	B	1.37%
SRE	C	1.36%
DUK	C	1.36%
JNJ	D	1.26%
PFE	D	1.15%
HSY	D	1.13%
VZ	C	1.02%
AEP	C	0.98%
AEE	A	0.94%
TRV	B	0.91%
TDY	A	0.87%
MKC	C	0.84%
LLY	D	0.78%
CCI	D	0.78%
BRO	A	0.76%
INTU	F	0.69%
RTX	A	0.66%
XOM	A	0.64%
NEM	C	0.6%
ELV	F	0.59%
IBM	A	0.57%
GOOG	B	0.54%
RSG	D	0.53%
JPM	C	0.53%
TJX	D	0.49%
SO	A	0.48%
TSN	D	0.39%
HRL	F	0.39%
BIIB	F	0.37%
AMGN	D	0.35%
KHC	F	0.32%
META	A	0.32%
ACN	B	0.31%
ADM	F	0.29%
T	B	0.27%
ACGL	A	0.26%
AIG	C	0.25%
PCG	C	0.23%
CVS	D	0.23%
XEL	C	0.17%
GILD	A	0.08%
GD	C	0.06%
BA	F	0.05%

SPMV Underweight 67 Positions Relative to PFUT

Symbol	Grade	Weight
ROP	D	-2.11%
TMO	D	-2.08%
IT	A	-2.06%
ISRG	C	-2.05%
DHR	D	-1.97%
FSS	D	-1.91%
MSCI	B	-1.87%
SFM	A	-1.86%
DDOG	B	-1.83%
CWST	D	-1.78%
XYL	C	-1.78%
ICLR	F	-1.75%
VRT	B	-1.74%
MA	A	-1.67%
HASI	B	-1.65%
EXAS	C	-1.63%
FICO	C	-1.61%
CEG	A	-1.61%
PWR	A	-1.57%
PINS	D	-1.53%
RMD	C	-1.47%
MTN	D	-1.46%
LULU	D	-1.41%
CDNS	D	-1.39%
DAR	F	-1.37%
AMAT	C	-1.37%
COF	A	-1.34%
GPK	D	-1.33%
RRX	B	-1.31%
ASML	F	-1.3%
CPB	D	-1.27%
HUBS	D	-1.23%
TPG	A	-1.22%
STX	C	-1.21%
ADI	B	-1.2%
CTAS	C	-1.2%
WY	C	-1.16%
PEN	D	-1.14%
CMG	C	-1.14%
HQY	B	-1.1%
VERX	B	-1.06%
MTD	C	-1.05%
ONON	A	-1.03%
SUM	F	-1.03%
CNM	F	-1.01%
SNPS	F	-0.97%
COIN	F	-0.97%
UBER	C	-0.95%
ALTR	B	-0.95%
HAE	F	-0.94%
LEVI	C	-0.93%
ZBRA	B	-0.92%
BMRN	F	-0.85%
FWRG	F	-0.83%
FSLR	C	-0.8%
VRRM	D	-0.79%
ECL	C	-0.78%
URI	C	-0.78%
ESTC	F	-0.76%
DXCM	F	-0.74%
PL	D	-0.65%
KKR	A	-0.61%
ARGX	C	-0.58%
ASND	C	-0.49%
TWST	D	-0.42%
RCKT	F	-0.31%
CMPS	F	-0.3%