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                <curCd>USD</curCd>
                <valUSD>76297.29</valUSD>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>THERMO FISHER SCIENTIFIC INC</name>
                <lei>HCHV7422L5HDJZCRFL38</lei>
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                <cusip>883556102</cusip>
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                    <isin value="US8835561023"/>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>PPG INDUSTRIES INC</name>
                <lei>549300BKPEP01R3V6C59</lei>
                <title>COMMON STOCK</title>
                <cusip>693506107</cusip>
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                    <isin value="US6935061076"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>BIO-RAD LABORATORIES INC</name>
                <lei>549300ZC1GPV35XYDK53</lei>
                <title>COMMON STOCK</title>
                <cusip>090572207</cusip>
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                    <isin value="US0905722072"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>CADENCE DESIGN SYSTEMS INC</name>
                <lei>GCT7RXJOGLXPV0NXZY22</lei>
                <title>COMMON STOCK</title>
                <cusip>127387108</cusip>
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                    <isin value="US1273871087"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>DANAHER CORP</name>
                <lei>S4BKK9OTCEWQ3YHPFM11</lei>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>BIOGEN INC</name>
                <lei>W8J5WZB5IY3K0NDQT671</lei>
                <title>COMMON STOCK</title>
                <cusip>09062X103</cusip>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>ABBVIE INC</name>
                <lei>FR5LCKFTG8054YNNRU85</lei>
                <title>COMMON STOCK</title>
                <cusip>00287Y109</cusip>
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                    <isin value="US00287Y1091"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>ZOETIS INC</name>
                <lei>549300HD9Q1LOC9KLJ48</lei>
                <title>COMMON STOCK</title>
                <cusip>98978V103</cusip>
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                    <isin value="US98978V1035"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>INGEVITY CORP</name>
                <lei>5493009UTFC4B5IMGF87</lei>
                <title>COMMON STOCK</title>
                <cusip>45688C107</cusip>
                <identifiers>
                    <isin value="US45688C1071"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>DUPONT DE NEMOURS INC</name>
                <lei>5493004JF0SDFLM8GD76</lei>
                <title>COMMON STOCK</title>
                <cusip>26614N102</cusip>
                <identifiers>
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                <balance>2382</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>AVANTOR INC</name>
                <lei>5493003VM0XB4U8YD238</lei>
                <title>COMMON STOCK</title>
                <cusip>05352A100</cusip>
                <identifiers>
                    <isin value="US05352A1007"/>
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                <balance>8669</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CORTEVA INC</name>
                <lei>549300WZN9I2QKLS0O94</lei>
                <title>COMMON STOCK</title>
                <cusip>22052L104</cusip>
                <identifiers>
                    <isin value="US22052L1044"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ABSCI CORP</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>00091E109</cusip>
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                <balance>7457</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>BUNGE GLOBAL SA</name>
                <lei>254900IVXSV9K0B7PO26</lei>
                <title>COMMON STOCK</title>
                <cusip>H11356104</cusip>
                <identifiers>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ALNYLAM PHARMACEUTICALS INC</name>
                <lei>529900S3ZI14OWRJII50</lei>
                <title>COMMON STOCK</title>
                <cusip>02043Q107</cusip>
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                <balance>308</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>LEGEND BIOTECH CORP</name>
                <lei>254900EIUFZTW136H859</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>N/A</cusip>
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                    <isin value="US52490G1022"/>
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                <balance>942</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>NOVONESIS NOVOZYMES B</name>
                <lei>529900T6WNZXD2R3JW38</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>670108109</cusip>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>DK</invCountry>
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                <fairValLevel>1</fairValLevel>
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                <name>ARGENX SE</name>
                <lei>7245009C5FZE6G9ODQ71</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>04016X101</cusip>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>NL</invCountry>
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                <fairValLevel>1</fairValLevel>
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                <name>ASCENDIS PHARMA A/S</name>
                <lei>549300B66JN3W3J8GH73</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>04351P101</cusip>
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                <assetCat>EC</assetCat>
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                <invCountry>DK</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ASTRAZENECA PLC</name>
                <lei>PY6ZZQWO2IZFZC3IOL08</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>046353108</cusip>
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                    <isin value="US0463531089"/>
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                <balance>2943</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>GB</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ICON PLC</name>
                <lei>6354008SRQGEMC4XFI67</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G4705A100</cusip>
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                <balance>1050</balance>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>BORREGAARD ASA</name>
                <lei>5967007LIEEXZXGYXC05</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
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                <balance>5330</balance>
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                <valUSD>103004.63</valUSD>
                <pctVal>2.031609047029</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NO</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>SYMRISE AG</name>
                <lei>529900D82I6R9601CF26</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000SYM9999"/>
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                <balance>1035</balance>
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                <currencyConditional curCd="EUR" exchangeRt="1.141199469"/>
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                <pctVal>1.852048914915</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CRISPR THERAPEUTICS AG</name>
                <lei>506700O6IRRIQLT3W370</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H17182108</cusip>
                <identifiers>
                    <isin value="CH0334081137"/>
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                <balance>468</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>26329.68</valUSD>
                <pctVal>0.519312734713</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SANOFI SA</name>
                <lei>549300E9PC51EN656011</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120578"/>
                </identifiers>
                <balance>421</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.141199469"/>
                <valUSD>37878.28</valUSD>
                <pctVal>0.747091235936</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DANONE SA</name>
                <lei>969500KMUQ2B6CBAF162</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120644"/>
                </identifiers>
                <balance>1161</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.141199469"/>
                <valUSD>95236.15</valUSD>
                <pctVal>1.878387640868</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ON HOLDING AG</name>
                <lei>506700FB3467B9W95526</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H5919C104</cusip>
                <identifiers>
                    <isin value="CH1134540470"/>
                </identifiers>
                <balance>2078</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>100928.46</valUSD>
                <pctVal>1.990659763922</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND</name>
                <lei>549300SEUI2XMME8T893</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>74680A869</cusip>
                <identifiers>
                    <isin value="US74680A8696"/>
                </identifiers>
                <balance>101831.16</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>101831.16</valUSD>
                <pctVal>2.008464143072</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
        </invstOrSecs>
        <signature>
            <ncom:dateSigned>2025-09-10</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam ETF Trust</ncom:nameOfApplicant>
            <ncom:signature>Monica Krogh</ncom:signature>
            <ncom:signerName>Kevin R Blatchford</ncom:signerName>
            <ncom:title>Assistant Treasurer</ncom:title>
        </signature>
    </formData>
    <documents>XXXX</documents>
</edgarSubmission>
