Putnam International Stock ETF(AMEX:PGRI)

PGRI invests in large- and mid-cap companies outside the US, including both developed and emerging markets. Investments include common and preferred stocks, depositary receipts, ETFs, and equity-linked notes. The fund targets businesses with strong competitive moats, quality management, significant market share, and attractive end markets. Stock selection is based on fundamental research, emphasizing companies with robust growth potential and financial strength. Additionally, this process incorporates detailed analysis of valuation, earnings prospects, cash flow, and competitive positioning. To enhance returns, the fund controls factor exposures, prioritizing stock-specific opportunities over broad market trends. Derivatives, including futures, options, swaps, and currency forwards, are also used for hedging purposes.