C000227195 Fees and Costs — Putnam Focused Large Cap Growth ETF
Data updated: 2026-07-27
The net expense ratio is 0.49% (0.50% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 15%.
C000227195 Fees and Expenses
Annual operating expenses and sales charges of C000227195. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000227195 Costs Over Time
On $10,000 invested in C000227195, assuming 5% a year before costs, total costs come to $313 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $313 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000227195 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000227195 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $545 | 20.84% |
| Raymond James & Associates, Inc. | $367 | 14.04% |
| PIPER SANDLER & CO. | $322 | 12.31% |
| RBC CAPITAL MARKETS, LLC | $283 | 10.84% |
| BMO CAPITAL MARKETS CORP. | $267 | 10.22% |
| OPPENHEIMER & CO. INC. | $213 | 8.15% |
| Sandler, O'Neill & Partners, L.P. | $200 | 7.65% |
| CitiGroup Global Markets Inc. | $169 | 6.45% |
| Stephens, Inc. | $125 | 4.79% |
| UBS Securities LLC | $123 | 4.71% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.