ETF Evaluator:
Putnam International Stock ETF ()
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(as of Aug 26)
Best Performing in Foreign Large Growth Over the Last Year
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Risk
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ETF Details
Putnam International Stock ETF Overview
Putnam International Stock ETF (PGRI) is an actively managed International Equity Foreign Large Growth exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2025.
The investment seeks capital appreciation.
Under normal market conditions, the fund invests at least 80% of its net assets in equity securities and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities. It predominantly invests in equity securities of large and midsize companies located outside of the U.S., including companies located in developed and emerging markets. The fund is non-diversified.
About Putnam International Stock ETF (PGRI)
There are 2 members of the management team with an average tenure of 0.78 years: Vivek Gandhi (2025) and David Morgan (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Putnam International Stock ETF has 28 securities in its portfolio. The top 10 holdings constitute 51.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Putnam International Stock ETF is part of the Equity global asset class and is within the International Equity ETF group. Putnam International Stock ETF has 89.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 9.1% There is 89.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Putnam International Stock ETF has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PGRI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Putnam International Stock ETF expense ratio is average compared to funds in the Foreign Large Growth category. Putnam International Stock ETF has an expense ratio of 0.55%, which is 6% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Putnam International Stock ETF has a portfolio turnover rate of 21%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 58% for the Foreign Large Growth category.
Recently, in the month of July 2026, Putnam International Stock ETF returned -3.8%, which earned it a grade of D, as the Foreign Large Growth category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Putnam International Stock ETF has a trailing yield of 0.00%, which is below the 1.31% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Putnam International Stock ETF Grades
Year to date, the ETF has returned 6.9%, 1.3 percentage points worse than the category, which translates into a grade of D.
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PGRI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PGRI Return (NAV) | -3.8% | 1.5% | na | na | na | na |
| PGRI Return (Price) | -5.2% | 0.2% | na | na | na | na |
| NAV +/- Price Return | 1.408% | 1.263% | na | na | na | na |
| Foreign Large Growth Avg | -2.8% | 3.0% | 16.7% | 12.4% | 3.9% | 8.5% |
| PGRI Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -0.9% | -1.5% | na | na | na | na |
| PGRI Tax-Cost Ratio | na | na | na | na | na | na |
PGRI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PGRI Return (NAV) | 6.9% | na | na | na | na | na | na | na | na | na | na |
| PGRI Return (Price) | 3.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.484% | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Growth Avg | 8.3% | 21.7% | 5.0% | 15.2% | -23.7% | 7.9% | 30.4% | 31.3% | -15.6% | 31.7% | -1.2% |
| PGRI Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 7 Mil |
| Share Class Assets: | $ 7 Mil |
| Turnover: | 21.0% |
| Expense Ratio: | 0.55% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Gandhi Vivek (2025), Morgan David (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 51.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 89.3% |
Portfolio Allocation |
|
| Domestic Stock: | 9.1% |
| Foreign Stock: | 89.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | October 21, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.59% |
