Putnam ETF Trust

09/30/2025 | Press release | Distributed by Public on 09/30/2025 07:45

Prospectus by Investment Company (Form 497)

39495-P1 09/25

SUPPLEMENT DATED SEPTEMBER 30, 2025

TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION ("SAI")

OF PUTNAM ESG HIGH YIELD ETF (THE "FUND")

Effective September 30, 2025, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:

1)

The following replaces references to Norman P. Boucher in the section titled "Your fund's management -Portfolio managers" in the Fund's Summary Prospectus and in the section titled "Fund summary - Your fund's management -Portfolio managers" in the Fund's Prospectus:

Jonathan G. Belk, CFA

Portfolio Manager of Franklin Advisers and portfolio manager of the fund since September 2025

Bryant Dieffenbacher, CFA

Portfolio Manager of Franklin Advisers and portfolio manager of the fund since September 2025

2)

The following replaces references to Norman P. Boucher in the section titled "Fund Management - Portfolio managers" in the Fund's Prospectus:

Jonathan G. Belk, CFA Portfolio Manager of Franklin Advisers

Mr. Belk has been a portfolio manager of the fund since September 2025. He joined Franklin Templeton in 2004.

Bryant Dieffenbacher, CFA Portfolio Manager of Franklin Advisers

Mr. Dieffenbacher has been a portfolio manager of the fund since September 2025. He joined Franklin Templeton in 2010.

3)

The following replaces references to Norman P. Boucher in the table in the section titled "PORTFOLIO MANAGERS - Other accounts managed by the Portfolio Managers" in the Fund's SAI:

Portfolio

Manager

Type of

Account

Number of
Accounts
Managed 		Total
Assets
Managed
(Millions) ($) 		Number of
Accounts
Managed
for which
Advisory
Fee is
Performance-
Based 		Assets
Managed
for which
Advisory
Fee is
Performance
Based
(Millions) ($)

Jonathan Belk*

Registered Investment Companies 4 1,690 None None
Other Pooled Investment Vehicles 4 1,134 None None
Other Accounts 1 50 None None

Bryant Dieffenbacher*

Registered Investment Companies 5 5,238 None None
Other Pooled Investment Vehicles 5 1,636 None None
Other Accounts None None None None

*Information provided as of August 31, 2025.

4)

The following replaces references to Norman P. Boucher in the table in the section titled "PORTFOLIO MANAGERS - Portfolio managers' securities ownership" in the Fund's SAI:

Portfolio Managers

Dollar Range of Ownership of Securities ($)

Jonathan Belk* None
Bryant Dieffenbacher* None

*Information provided as of August 31, 2025.

Shareholders should retain this Supplement for future reference.

2

Putnam ETF Trust published this content on September 30, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 30, 2025 at 13:45 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]