What this ETF is trying to do

The Putnam International Stock ETF (PGRI) is an exchange-traded fund that invests in companies outside of the United States. Based on its top holdings, it focuses on large global companies in sectors like technology, aerospace, and healthcare.

What the numbers show

As of October 5, 2026, the share price of PGRI was $26.39.

Looking at the performance so far this year (Year-to-Date), the ETF has a price return of approximately 6.72%. This means the share price has increased by that amount since the start of the year. The supplied total return for the same period is also 6.72%.

Data for one-year and three-year returns was not supplied.

Top Holdings

The fund holds 30 different assets. Because the list provided is partial, these are the Top Holdings as of October 7, 2026:

• Taiwan Semiconductor Manufacturing Co Ltd ADR: 8.27%

• ASML Holding NV: 6.71%

• Safran SA: 5.38%

• Hitachi Ltd: 5.13%

• Airbus SE: 4.67%

• Keyence Corp: 4.53%

• Hoya Corp: 4.46%

• Schneider Electric SE: 4.39%

• ABB Ltd: 4.21%

• AIA Group Ltd: 3.94%

Income and distribution explanation

This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 0.11%.

It is important for new investors to know that a distribution yield is not the same as a total return. The yield tells you how much cash the fund paid out relative to its price, but it does not tell you if the overall investment gained or lost value. In this case, distributions are irregular and less frequent, with only one payout in the last 12 months.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value (the actual value of the fund's holdings) declines over time. Investors who want steady income usually care about principal stability so their original investment doesn't shrink.

For PGRI, the severe erosion-risk flag is false. However, an erosion score was not provided because there is not enough verified price history to calculate one.

Pros

• The ETF has shown a positive price return of 6.72% so far this year.

• It provides exposure to a variety of large international companies.

Cons

• The distribution yield is very low (0.11%).

• There is limited historical performance data available for the one-year and three-year periods.

Beginner takeaway

PGRI is a way to invest in international stocks. While it has grown in price so far this year, it does not provide a high amount of cash income. Always remember that a fund's yield is different from its total return.