PUTNAM ETF TRUST

Ticker: PLDR CUSIP: 746729102 Class: SUSTAINABLE LEAD

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

ROYAL BANK OF CANADA

Value ($000) $728 Shares 19,563

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 8,532

Triumph Capital Management

Value ($000) $13 Shares 348

Value ($000) $3 Shares 75

Institution	Shares	Value ($000)
ROYAL BANK OF CANADA	19,563	$728
FLOW TRADERS U.S. LLC	8,532	$0
Triumph Capital Management	348	$13
UBS Group AG	75	$3

Increased Positions (2)

FRANKLIN RESOURCES INC

Value ($000) $867,845 (+10.8%) Shares 23,322,468 (+6.8%)

Value ($000) $2,374 (+5.6%) Shares 63,803 (+1.8%)

Institution	Prev Shares	Curr Shares	Change
FRANKLIN RESOURCES INC	21,830,548	23,322,468	+1,491,920 (+6.8%)
BAILARD, INC.	62,652	63,803	+1,151 (+1.8%)

Decreased Positions (2)

Bond & Devick Financial Network, Inc.

Value ($000) $1,542 (+1.4%) Shares 41,444 (-2.2%)

CITADEL ADVISORS LLC

Value ($000) $722 (-4.4%) Shares 19,413 (-7.8%)

Institution	Prev Shares	Curr Shares	Change
Bond & Devick Financial Network, Inc.	42,374	41,444	-930 (-2.2%)
CITADEL ADVISORS LLC	21,059	19,413	-1,646 (-7.8%)

Exited Positions (2)

JANE STREET GROUP, LLC

Value ($000) $727 Shares 20,276

OSAIC HOLDINGS, INC.

Value ($000) $12 Shares 340

Institution	Prev Shares	Prev Value ($000)
JANE STREET GROUP, LLC	20,276	$727
OSAIC HOLDINGS, INC.	340	$12