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- Upturn Summary
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Upturn AI Summary
Putnam Focused Large Cap Growth ETF(PGRO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PGRO
09/28/2026: PGRO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
PGRO is an actively managed ETF that offers concentrated exposure to large-cap US growth companies, selected via fundamental research. Its primary strength lies in Putnam’s active management expertise and high-conviction philosophy, which aims to outperform passive market benchmarks. It is best used as a growth-tilted component of a diversified portfolio rather than a total market holding. Key risks include higher expense ratios compared to passive alternatives and the inherent concentration risk associated with holding fewer positions. This fund is well-suited for investors with a long-term horizon who are comfortable with volatility and seek potential alpha through professional stock selection.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund's focus on high-growth large-cap stocks directly aligns with growth-oriented investment mandates. |
| Momentum investor | Strong fit while signal remains positive | This fund may capture momentum within high-quality growth sectors when market trends are favorable. |
| Value investor | Weak fit | The fund prioritizes growth metrics over traditional value factors, which may conflict with value-investing styles. |
| Dividend/Income investor | Weak fit | The focus on capital appreciation means dividend yield is not a primary objective or filter for the fund. |
| Low-risk investor | Weak fit | Concentrated equity exposure inherently carries higher volatility than broad-market or balanced portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is an individual seeking long-term growth who believes in the value of active management and concentrated, high-conviction stock portfolios.
Suitability
PGRO is best suited for long-term investors looking to complement a passive core portfolio with active, growth-oriented satellite positions.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | As a concentrated equity fund, it is prone to significant price swings compared to diversified indices. |
| Market risk | High | The fund is fully exposed to systemic risks affecting the US large-cap equity market. |
| Concentration | Medium / high | The focused portfolio means fewer holdings, increasing the impact of poor performance by a single stock. |
| Tracking/expense | Low | Active management costs are transparently reflected in the expense ratio. |
| Liquidity | Low | Holdings are primarily large-cap, liquid securities, minimizing liquidity risk at the portfolio level. |
| Business/sector quality | Medium | The management team proactively assesses business quality to mitigate operational risks. |
Risk Analysis
Volatility
PGRO exhibits volatility typical of concentrated growth funds, often exceeding that of broad-market benchmarks during market turbulence.
Market Risk
The fund is primarily exposed to equity market risk, specifically risks associated with valuation multiples of growth companies and sector-specific headwinds.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Large-Cap Growth Equities | 98 | This exposure focuses on large, established US companies with higher-than-average earnings growth potential. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash buffer is maintained for operational liquidity and trade execution. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 58.02% | Avg. Invested days 78 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/28/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 29, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $217.65M |
| Issuer | Franklin Templeton, Inc |
| Expense Ratio | 0.5599999999999999% |
| Distribution Yield | 0.02% |
| Inception | May 25, 2021 |
Performance
| Period | Total Return |
|---|---|
| YTD | +7.78% |
| 1 Year | +9.08% |
| 3 Year | +24.37% |
| 5 Year | +11.23% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 19.11% |
| 3Y Volatility | 17.47% |
| 3Y Sharpe Ratio | 0.92 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 64.69% |
| Large Cap | 25.98% |
| Mid Cap | 8.26% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 53.45% |
| Communication Services | 17.55% |
| Consumer Cyclicals | 7.62% |
| Healthcare | 6.99% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 24.19x |
| Portfolio P/B | 8.99x |
| Portfolio P/S | 6.96x |
| Holdings Turnover | 45.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NVIDIA | 13.71% |
| Alphabet Class A | 9.53% |
| Apple | 6.58% |
| Microsoft | 5.09% |
| Broadcom | 4.87% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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