This annual shareholder report contains important information about Putnam Focused Large Cap Value ETF for the period September 1, 2023, to August 31, 2024.

Shareholder Report Annual or Semi-Annual

annual shareholder report

Additional Information [Text Block]

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

Material Fund Change Notice [Text Block]

This report describes changes to the Fund that occurred during the reporting period.

Additional Information Phone Number

(800) DIAL BEN/342-5236

Additional Information Website

https://www.franklintempleton.com/regulatory-fund-documents

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
Putnam Focused Large Cap Value ETF	$62	0.54%

^[1]

Expenses Paid, Amount

$ 62

Expense Ratio, Percent

0.54%

Factors Affecting Performance [Text Block]

HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?

For the twelve months ended August 31, 2024, Putnam Focused Large Cap Value ETF returned 28.83%. based on NAV and 28.77% based on market price. The Fund compares its performance to the Russell 1000 Value Index, which returned 21.15% for the same period.

PERFORMANCE HIGHLIGHTS


Top contributors to performance:
↑	Overweight position in NRG Energy was the top contributor to performance.
↑	Overweight position in United Rentals, an equipment rental company.
↑	Overweight position in PulteGroup, a residential home-construction company.


Top detractors from performance:
↓	Decision to not own JPMorganChase, an investment banking company, was the top detractor from performance.
↓	Overweight position in Charter Communications, a telecommunications company.
↓	Overweight exposure to ConocoPhillips, an energy company.

Performance Past Does Not Indicate Future [Text]

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.

Line Graph [Table Text Block]

Average Annual Return [Table Text Block]

AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended August 31, 2024


	1 Year	Since Inception (5/25/2021)
Putnam Focused Large Cap Value ETF (NAV)	28.83	14.52
Putnam Focused Large Cap Value ETF (Market Price)	28.77	14.57
Russell 3000 Index	26.14	9.74
Russell 1000 Value Index	21.15	7.48

No Deduction of Taxes [Text Block]

The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

Updated Performance Information Location [Text Block]

For current month-end performance, please call Franklin Templeton at (800) DIAL BEN/342-5236 or visit https://www.franklintempleton.com/investments/options/exchange-traded-funds.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Net Assets

$ 1,049,854,588

Holdings Count | $ / shares

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Advisory Fees Paid, Amount

$ 2,280,810

Investment Company Portfolio Turnover

54.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2024)


Total Net Assets	$1,049,854,588
Total Number of Portfolio Holdings*	45
Total Management Fee Paid (based on a unitary fee)	$2,280,810
Portfolio Turnover Rate	54%

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Holdings [Text Block]

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Material Fund Change [Text Block]

HOW HAS THE FUND CHANGED?

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 had entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction (the “Transaction”). The Transaction was completed on January 1, 2024. As part of the Transaction, your Fund’s then-current investment advisor, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings, and your Fund’s sub-advisor, Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings, became indirect, wholly-owned subsidiaries of Franklin Resources. In connection with the Transaction, shareholders of your Fund approved a new management contract with Putnam Management and a new sub-advisory contract with PIL. The new contracts are identical to the previous contracts, except for the effective dates, initial terms, updates to fund names as necessary to reflect previous name changes, and certain non-substantive changes.

Effective July 15, 2024, Franklin Advisers, Inc. (“Franklin Advisers”) was retained as a sub-adviser by Putnam Management for the Fund pursuant to a new subadvisory agreement between Franklin Advisers and Putnam Management. Both Putnam Management and Franklin Advisers are wholly-owned subsidiaries of Franklin Resources. Putnam Management will continue to serve as the Fund’s investment advisor, and PIL will continue to serve as sub-advisor to the Fund.

Although the Fund is classified as a non-diversified fund, the Fund is currently operating as a diversified fund, and under current law, shareholder approval would be required for the Fund to resume operating as non-diversified.

This is a summary of certain changes to the Fund since September 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by January 1, 2025, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) DIAL BEN/342-5236 or
funddocuments@putnam.com.

Updated Prospectus Phone Number

(800) DIAL BEN/342-5236

Updated Prospectus Email Address

funddocuments@putnam.com

Updated Prospectus Web Address

https://www.franklintempleton.com/regulatory-fund-documents

[1]

*	Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

[2]

*	Includes derivatives, if applicable.

[3]

Cash and Equivalents, if any, represent the market value weights of cash, derivatives, short-term securities, and other unclassified assets in the portfolio. Holdings and allocations may vary over time.