C000227197 Fees and Costs — Putnam Sustainable Future ETF
Data updated: 2026-07-27
The net expense ratio is 0.64% (0.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $312K in broker commissions, 0.0942% of average net assets, and portfolio turnover was 62%.
C000227197 Fees and Expenses
Annual operating expenses and sales charges of C000227197. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.64% |
| 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 |
C000227197 Costs Over Time
On $10,000 invested in C000227197, assuming 5% a year before costs, total costs come to $462 over 5 years, cutting the return by 0.77% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $462 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000227197 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): 0.0942%
- Total broker commissions: $312K
- Bought from dealers (principal trades, not a cost): $20.4M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
C000227197 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $61K | 19.74% |
| BARCLAYS CAPITAL, INC. | $46K | 14.75% |
| BOFA SECURITIES, INC. | $45K | 14.50% |
| CitiGroup Global Markets Inc. | $44K | 14.36% |
| PIPER SANDLER & CO. | $27K | 8.88% |
| RBC CAPITAL MARKETS, LLC | $23K | 7.45% |
| UBS Securities LLC | $21K | 6.74% |
| STIFEL NICHOLAS & CO., INC. | $19K | 6.01% |
| J.P. Morgan Securities LLC | $17K | 5.49% |
| BMO CAPITAL MARKETS CORP. | $6K | 2.07% |
C000227197 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $11.6M | 57.15% |
| GOLDMAN SACHS & CO. LLC | $7.1M | 34.95% |
| BARCLAYS CAPITAL, INC. | $737K | 3.61% |
| JEFFERIES LLC | $412K | 2.02% |
| RBC CAPITAL MARKETS, LLC | $392K | 1.92% |
| CitiGroup Global Markets Inc. | $51K | 0.25% |
| PIPER SANDLER & CO. | $16K | 0.08% |
| MORGAN STANLEY & CO. LLC | $594 | 0.00% |
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.