In the tables below, ETFdb.com presents recommended exchange traded fund (ETF) alternatives to the mutual fund PDMRX. These recommendations are powered by ETFdb's Mutual Fund to ETF Converter tool.
How ETFdb.com has selected ETF alternatives to PDMRX: The mutual fund PDMRX has been benchmarked by Putnam against an index, BofA Merrill Lynch U.S. Treasury Bill Index, in its fund prospectus. The ETF alternatives to PDMRX listed below consist of (1) ETFs which track BofA Merrill Lynch U.S. Treasury Bill Index, and (2) ETFs which track other indexes in the same ETFdb.com Category as BofA Merrill Lynch U.S. Treasury Bill Index.
There are no ETFs linked to BofA Merrill Lynch U.S. Treasury Bill Index.
The following table presents exchange traded funds linked to indexes in the same ETFdb.com Category as BofA Merrill Lynch U.S. Treasury Bill Index.
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Low Volatility ETFs invest in securities with low volatility characteristics. These funds tend to have relatively stable share prices, and higher than average yields.
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