Putnam PanAgora ESG International Equity ETF (NYSE : PPIE ) Stock

Putnam PanAgora ESG International Equity ETF seeks long term capital appreciation. The fund invests at least 80% of its net assets in equity securities of companies that meet PanAgoras ESG criteria. PanAgora will assign each company an ESG rating using proprietary ESG scores. In order to meet PanAgoras ESG criteria, a company must have an ESG score above 0, reflecting more positive characteristics. A negative ESG score indicates a lower (or worse) rating. PanAgora assigns companies an ESG score that ranges from 2 to +2, although the range of scores may change over time. This policy is non-fundamental and may be changed only after 60 days notice to shareholders. PanAgora may not apply ESG criteria to investments that are not subject to the funds 80% policy and such investments may not meet PanAgoras ESG criteria.