PVAL Stock, Putnam Focused Large Cap Value ETF Information

Putnam Focused Large Cap Value ETF seeks capital growth and current income. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and does not publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the funds actual portfolio.