Putnam Focused U.S. Research ETF (PFRX)

The Putnam Focused U.S. Research ETF (PFRX) is an actively managed equity ETF from Putnam Investments, a Boston-based manager that is part of Franklin Templeton. It invests in stocks of U.S. companies selected by Putnam's team of equity research analysts.

The fund draws on fundamental, bottom-up research across sectors and concentrates on a relatively focused set of the analysts' highest-conviction ideas, while generally maintaining broad sector representation similar to the U.S. large-cap market.

PFRX trades on NYSE Arca.