C000227198 Fees and Costs — Putnam Sustainable Leaders ETF
Data updated: 2026-07-27
The net expense ratio is 0.59% (0.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $224K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 45%.
C000227198 Fees and Expenses
Annual operating expenses and sales charges of C000227198. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.59% |
| 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 |
C000227198 Costs Over Time
On $10,000 invested in C000227198, assuming 5% a year before costs, total costs come to $393 over 5 years, cutting the return by 0.65% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $215 | $393 |
| Value after costs | $10,435 | $11,361 | $12,370 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000227198 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): 0.0334%
- Total broker commissions: $224K
- Bought from dealers (principal trades, not a cost): $23.7M
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
C000227198 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $39K | 17.62% |
| CitiGroup Global Markets Inc. | $38K | 17.11% |
| BOFA SECURITIES, INC. | $31K | 13.87% |
| GOLDMAN SACHS & CO. LLC | $29K | 13.03% |
| J.P. Morgan Securities LLC | $27K | 12.29% |
| BARCLAYS CAPITAL, INC. | $18K | 8.10% |
| RBC CAPITAL MARKETS, LLC | $16K | 7.34% |
| UBS Securities LLC | $12K | 5.36% |
| Mizuho Securities USA LLC | $6K | 2.79% |
| ROBERT W. BAIRD & CO. INC. | $6K | 2.50% |
C000227198 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $15.8M | 66.44% |
| GOLDMAN SACHS & CO. LLC | $6.6M | 27.87% |
| RBC CAPITAL MARKETS, LLC | $1.3M | 5.68% |
| MORGAN STANLEY & CO. LLC | $1K | 0.01% |
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.