PPIEPutnam Panagora ESG International Equity ETF -
Seeks long-term capital appreciation.
Franklin Templeton Investments · Since 2023 (3 years)
0.49%
#2226 out of 5,332 ETFs
$6M
#4780 out of 5,332 ETFs
3.38%
3 years
#2994 out of 5,332 ETFs
Performance
1 Year
+21.3%
3 Years
+16.8%
5 Years
N/A
What's inside
Top holdings
Risk profile
14.9%
Moderate
-13.6%
Worst peak-to-trough loss
0.88
Decent risk-adjusted returns
1.28
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Closet indexer — active fees, passive behavior
This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.
- R²
- 95.5%
- TE
- 3.2%
- Beta
- 0.97
- Fee
- 2× 0.29%
Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)
Why we flagged this: strategy=active_selection + high_r_squared+low_tracking_error+near_market_beta+fee_premium
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05