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| PGOF-P1 3/26 |
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PUTNAM ETF TRUST
SUPPLEMENT DATED
MARCH 30, 2026
TO THE SUMMARY PROSPECTUS AND PROSPECTUS
OF
EACH FUND LISTED IN SCHEDULE A
At a meeting held on March 26, 2026, the Board of Trustees of Putnam ETF Trust, on behalf of each fund listed below (each a “Fund” and together, the
“Funds”) approved a plan to liquidate and dissolve the Funds (the “Plan”), upon recommendation by Putnam Investment Management, LLC, each Fund’s investment adviser.
Funds
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Putnam ESG Core Bond ETF |
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Putnam ESG High Yield ETF |
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Putnam ESG Ultra Short ETF |
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Putnam PanAgora ESG Emerging Markets Equity ETF |
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Putnam PanAgora ESG International Equity ETF |
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Putnam Sustainable Future ETF |
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Putnam Sustainable Leaders ETF |
The liquidation of each Fund is expected to occur on or about June 2, 2026 (the “Liquidation Date”), although each Fund
may make dispositions of portfolio holdings prior to the Liquidation Date.
Effective as of the close of business on May 5, 2026, each Fund will no longer
accept orders for the purchase of creation units, and effective as of the close of business on May 26, 2026, each Fund will no longer accept redemption orders. Trading for each Fund on NYSE Arca, Inc. will be suspended prior to market open on
May 27, 2026.
When the Funds are in the process of liquidating their portfolios, which is anticipated to commence prior to May 27, 2026, the Funds will
hold cash and securities that may not be consistent with the Funds’ investment objectives and strategies.
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As soon as reasonably practicable on or after the Liquidation Date, after the payment of (or provision for) all
charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of each Fund, and after determination of any dividend(s) to be paid pursuant to the Plan, each Fund will liquidate its remaining assets and distribute cash pro rata to
all remaining shareholders as of the Liquidation Date who have not previously redeemed all of their Fund shares. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about June 2, 2026.
For those shareholders with taxable accounts and for Federal, state and local income tax purposes: (a) any liquidation proceeds paid to such shareholder should
generally be treated as received by such shareholder in exchange for the shareholder’s shares and the shareholder will therefore generally recognize a taxable gain or loss; and (b) in connection with the liquidation, a Fund may declare
taxable distributions of its income and/or capital gains. Shareholders should consult their tax advisers regarding the effect of a Fund’s liquidation in light of their individual circumstances.
Shareholders should retain this Supplement for future reference.
SCHEDULE A
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| Fund |
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Date of
Summary Prospectus and
Prospectus |
| Putnam ETF Trust |
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| Putnam ESG Core Bond ETF |
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September 1, 2025 |
| Putnam ESG High Yield ETF |
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September 1, 2025 |
| Putnam ESG Ultra Short ETF |
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September 1, 2025 |
| Putnam PanAgora ESG Emerging Markets Equity ETF |
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September 1, 2025 |
| Putnam PanAgora ESG International Equity ETF |
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September 1, 2025 |
| Putnam Sustainable Future ETF |
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January 1, 2026 |
| Putnam Sustainable Leaders ETF |
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January 1, 2026 |
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