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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): May 31, 2023
Putnam ETF Trust (Exact Name of Registrant as Specified in its Charter)
Delaware (State or Other Jurisdiction of Incorporation)		811-23643 (Commission File Number)	Provided below (IRS Employer Identification No.)
	100 Federal Street Boston, Massachusetts (Address of Principal Executive Offices)		02110 (Zip Code)
Registrant’s Telephone Number, Including Area Code: (617) 292-1000
Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered	EIN
Putnam BDC Income ETF	PBDC	NYSE Arca	88-3548516
Putnam BioRevolution ETF	SYNB	NYSE Arca	88-3560019
Putnam Emerging Markets ex-China ETF	PEMX	NYSE Arca	88-3577462
Putnam ESG Core Bond ETF	PCRB	NYSE Arca	88-3606207
Putnam ESG High Yield ETF	PHYD	NYSE Arca	88-3619942
Putnam ESG Ultra Short ETF	PULT	NYSE Arca	88-3650455
Putnam Focused Large Cap Growth ETF	PGRO	NYSE Arca	86-2238455
Putnam Focused Large Cap Value ETF	PVAL	NYSE Arca	86-2210018
Putnam PanAgora ESG Emerging Markets Equity ETF	PPEM	NYSE Arca	88-3662254
Putnam PanAgora ESG International Equity ETF	PPIE	NYSE Arca	88-3683730
Putnam Sustainable Future ETF	PFUT	NYSE Arca	86-2179170
Putnam Sustainable Leaders ETF	PLDR	NYSE Arca	86-2159729

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On May 31, 2023, Franklin Resources, Inc. (“Franklin Resources”) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (“Putnam Holdings”), announced that they have entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction.

As part of this transaction, Putnam Investment Management, LLC (“Putnam Management”), a wholly owned subsidiary of Putnam Holdings and investment manager to the Putnam family of funds (the “Putnam Funds”), including each fund that is a series of Putnam ETF Trust, would become an indirect wholly owned subsidiary of Franklin Resources.

The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction of these conditions, the transaction is currently expected to be consummated in the fourth quarter of 2023.

Under the Investment Company Act of 1940, as amended, consummation of the transaction will result in the automatic termination of the investment management contract between each Putnam Fund and Putnam Management and any related sub-management and sub-advisory contracts, where applicable. Therefore, the Board of Trustees of the Putnam Funds will be asked to approve a new investment management contract between each Putnam Fund and Putnam Management (and new sub-management and sub-advisory contracts, if applicable). If approved by the Board of Trustees, the new investment management contract will be presented to the shareholders of each Putnam Fund for their approval.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Putnam ETF Trust
	By:	/s/ Jonathan S. Horwitz
		Jonathan S. Horwitz
Date: June 1, 2023		Executive Vice President, Principal Executive Officer and Compliance Liaison

Putnam ETF Trust 8-K