PVAL
Putnam Focused Large Cap Value ETF

Price: $26.04
Change: $0.32 (0.01%)
Category: All Cap Equities
Last Updated:

Vitals

Brand Putnam
Structure ETF
Expense Ratio 0.55%
ETF Home Page Home page
Inception May 25, 2021
Index Tracked Russell 1000 Value

Analyst Report

The Principal Contrarian Value Index ETF (PVAL) tracks an index of mid-cap U.S. stocks with a bias toward value investing. The index excludes utility companies, then separates financial from non-financials. The methodology tries to identify those companies with higher book yields; the index then tries to determine how the securities will measure on quality in bull and bear markets. The securities are then separated into tiers and equal-weighted within those tiers.


Perhaps the overly complicated methodology scared off investors because PVAL has been slow to gather assets since its 2017 debut, and trades at wider spreads than many of its competitors. There are plenty of better-seasoned peers out there that offer better liquidity at a fraction of the price, such as the iShares Core S&P U.S. Value ETF (IUSV), the iShares Edge MSCI USA Value Factor ETF (VLUE), the Schwab U.S. Large-Cap Value ETF (SCHV), and the Vanguard Value ETF (VTV). Based on price, performance and liquidity, we’d recommend that investors look elsewhere for value.

ETF Database Themes

Category All Cap Equities
Asset Class Equity
Asset Class Size Large-Cap
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. - Large Cap Value
  • Category Size and Style
  • Focus Large Cap
  • Niche Value
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $24.35
  • 52 Week Hi $26.65
  • AUM $3.7 M
  • Shares 0.2 M

Historical Trading Data

  • 1 Month Avg. Volume 3,391
  • 3 Month Avg. Volume 3,678

Alternative ETFs in the ETF Database All Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPTM 0.03% $5.4 B 303,163 19.68%
Largest (AUM) ARKK 0.75% $21.4 B 6 M -4.14%
Most Liquid (Volume) ARKK 0.75% $21.4 B 6 M -4.14%
Top YTD Performer GERM 0.68% $67.2 M 18,020 43.01%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Value Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTV 0.04% $83.2 B 2 M 17.80%
Largest (AUM) VTV 0.04% $83.2 B 2 M 17.80%
Most Liquid (Volume) IWD 0.19% $53.5 B 2 M 18.28%
Top YTD Performer RPV 0.35% $2.5 B 527,123 25.29%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PVAL ETF Database Category Average FactSet Segment Average
Number of Holdings 43 301 229
% of Assets in Top 10 35.84% 26.67% 25.90%
% of Assets in Top 15 50.67% 34.99% 33.62%
% of Assets in Top 50 99.99% 66.47% 67.24%

Size Comparison

PVAL ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 55.17% 72.79%
Mid (>2.7B) N/A 26.57% 8.66%
Small (>600M) N/A 7.28% 0.03%
Micro (<600M) N/A 1.17% 0.00%

PVAL Valuation

This section compares the P/E ratio of this ETF to its peers.

PVAL
P/E Ratio
20.51
ETF Database Category Average
P/E Ratio
20.29
FactSet Segment Average
P/E Ratio
18.30

PVAL Dividend

This section compares the dividend yield of this ETF to its peers.

PVAL ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.27 $ 0.44
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.79 $ 1.18
Annual Dividend Yield N/A 1.60% 2.34%

PVAL Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -950.82 K 1 Year Net Flows: -950.82 K 3 Year Net Flows: 364.85 K 5 Year Net Flows: 364.85 K 10 Year Net Flows: 364.85 K

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PVAL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the All Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PVAL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

PVAL
Expense Ratio
0.55%
ETF Database Category Average
Expense Ratio
0.52%
FactSet Segment Average
Expense Ratio
0.32%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
5.78/10
ESG Score
37.0%
Global Percentile
24.76%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      6.91%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      209.0
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      6.91%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      12.14%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

PVAL Performance

This section shows how this ETF has performed relative to its peers.

PVAL ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.33% -0.20% -1.43%
3 Month Return 3.46% 0.58% 1.16%
YTD Return N/A 16.86% 17.07%
1 Year Return N/A 39.90% 36.59%
3 Year Return N/A 32.29% 21.14%
5 Year Return N/A 52.65% 41.88%

PVAL Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of PVAL's underlying holdings.

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 97.36%
CASH 2.63%
Sector Percentage
Finance 27.22%
Health Technology 11.0%
Electronic Technology 7.75%
Consumer Services 6.25%
Technology Services 5.38%
Retail Trade 5.2%
Consumer Durables 5.08%
Utilities 4.94%
Consumer Non-Durables 4.28%
Process Industries 3.73%
Transportation 3.67%
Energy Minerals 3.54%
Producer Manufacturing 3.3%
Non-Energy Minerals 2.7%
CASH 2.63%
Health Services 1.98%
Communications 1.34%
Market Cap Percentage
Micro 0.0%
Mid 0.0%
Small 0.0%
Large 0.0%
Region Percentage
North, Central and South America 97.36%
Other 2.63%
Region Percentage
Country Percentage
United States 87.2%
Netherlands 3.68%
Ireland 3.3%
Bermuda 3.18%
Other 2.63%
Asset Percentage
Share/Common/Ordinary 97.36%
CASH 2.63%

PVAL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
21.25%
Rank
81 of 102

20 Day Volatility
13.23%
Rank
57 of 101

50 Day Volatility
12.48%
Rank
66 of 100

200 Day Volatility
No Ranking Available
Rank
N/A

Beta
1.29
Rank
22 of 101

Standard Deviation
No Ranking Available
Rank
N/A

Technicals

  • 20 Day MA $26.00
  • 60 Day MA $25.69
  • MACD 15 Period 0.13
  • MACD 100 Period n/a
  • Williams % Range 10 Day 40.00
  • Williams % Range 20 Day 44.82
  • RSI 10 Day 54
  • RSI 20 Day 53
  • RSI 30 Day 53
  • Ultimate Oscillator 48

Bollinger Bands

  • Lower Bollinger (10 Day) $25.28
  • Upper Bollinger (10 Day) $26.32
  • Lower Bollinger (20 Day) $25.41
  • Upper Bollinger (20 Day) $26.62
  • Lower Bollinger (30 Day) $25.47
  • Upper Bollinger (30 Day) $26.55

Support & Resistance

  • Support Level 1 $26.04
  • Support Level 2 $26.04
  • Resistance Level 1 $26.04
  • Resistance Level 2 $26.04

Stochastic

  • Stochastic Oscillator %D (1 Day) 55.87
  • Stochastic Oscillator %D (5 Day) 50.97
  • Stochastic Oscillator %K (1 Day) 58.18
  • Stochastic Oscillator %K (5 Day) 36.16

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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