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PVAL ETF — Putnam Focused Large Cap Value ETF
Putnam Focused Large Cap Value ETF (PVAL)
Updated October 16, 2026.
Verdict as of October 16, 2026
PVAL's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (89/100, high confidence). It pays quarterly and its distribution rate is 0.71%. The latest total cash payment per current share, $0.096 with an ex-date of October 6, 2026, was 23.8% lower than the previous $0.126. These payments are unclassified; this does not establish a base-dividend change.
Sources: Putnam page for PVAL, Section 19a-1 notices, scoring methodology.
PVAL is an ETF. its distribution rate is 0.71%, its trailing-12-month yield is 0.88%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 89/100 (Safe). Total return is 127.2% over the past 5.4 years, 31.2 points ahead of SPY at 96.0%.
Putnam Focused Large Cap Value ETF is an actively managed fund that invests primarily in U.S. large-cap value stocks selected for trading below estimated intrinsic value, aiming for capital growth and current income. The fund maintains a concentrated portfolio with an expense ratio of 0.55% and distributes quarterly at a modest current yield. It appeals to income-oriented investors seeking exposure to undervalued large-cap companies through active management.
PVAL dividend yield and income
Price as of 2026-10-16.
The distribution rate (0.71%) uses calculation basis unavailable. Trailing-12-month yield (0.88%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.096. The ex-dividend date is 10/06/2026. The payment date is 10/14/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-06 | $0.096 | -23.8% Unclassified cash |
| 2026-07-07 | $0.126 | -10.0% Unclassified cash |
| 2026-04-07 | $0.14 | 25.0% Unclassified cash |
| 2025-12-19 | $0.112 | 8.7% Unclassified cash |
| 2025-10-06 | $0.103 | -26.4% Unclassified cash |
| 2025-07-07 | $0.14 | 38.6% Unclassified cash |
| 2025-04-04 | $0.101 | -34.8% Unclassified cash |
| 2024-12-05 | $0.155 | 28.1% Unclassified cash |
| 2024-09-06 | $0.121 | 9.0% Unclassified cash |
| 2024-06-06 | $0.111 | 0.0% Unclassified cash |
| 2024-03-06 | $0.111 | -47.6% Unclassified cash |
| 2023-12-06 | $0.212 | 91.0% Unclassified cash |
| 2023-09-07 | $0.111 | 14.4% Unclassified cash |
| 2023-06-06 | $0.097 | N/A |
| 2022-12-27 | $0.014 | -90.4% Unclassified cash |
| 2022-12-06 | $0.146 | 10.6% Unclassified cash |
| 2021-12-06 | $0.132 | — |
| 2021 total (partial launch year) | $0.132 | — |
| 2022 total | $0.16 | — |
| 2023 total (cadence changed) | $0.42 | 162.5% |
| 2024 total | $0.498 | 18.6% |
| 2025 total | $0.456 | -8.4% |
| 2026 YTD total | $0.362 | 5.2% vs prior-year YTD |
PVAL dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -5.0%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -7.62%.
| Window | Change |
|---|---|
| 1Y | -5.0% |
| 3Y | 28.8% |
PVAL holdings and sector exposure
Holdings are not available for this snapshot.
PVAL performance versus SPY
Price and return data through 2026-10-16.
Total return is 127.2% over the past 5.4 years, 31.2 points ahead of SPY at 96.0%. Over the past year its total return — price change plus distributions reinvested — is 29.1%. Its deepest 1-year drawdown was 7.2%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.7% | — |
| 3M | 3.6% | — |
| 6M | 11.5% | — |
| YTD | 19.4% | — |
| 1Y | 29.1% | — |
| 2Y CAGR | — | 19.80% |
| 3Y CAGR | — | 24.20% |
| 5Y CAGR | — | 16.50% |
| Since inception (5.4 years) | 127.2% | 16.50% |
PVAL key facts
- Distribution Safety Score™
- 89 · Safe
- Safety-Adjusted Yield
- 0.63%
- Issuer
- Putnam
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/25/2021
- Expense ratio
- 0.55%
- Distribution rate
- 0.71%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.88%
- Last close
- $54.02 (as of 2026-10-16)
- AUM
- $14,809,117,359
- Average volume
- 2186974.0
- Dividend
- $0.096
- Ex-dividend date
- 10/06/2026
- Payment date
- 10/14/2026
- Beta
- 0.73
How Dividend Vision calculates yield and returns
Distribution rate (0.71%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.88%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Putnam or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PVAL risks and drawbacks
PVAL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 7.2%.
Who may consider PVAL — and who may not
PVAL may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (PVAL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on PVAL
Frequently asked questions
Does PVAL pay monthly?
No. PVAL currently pays quarterly, not monthly.
What is PVAL's expense ratio?
PVAL's expense ratio is 0.55%.
What is PVAL's dividend yield?
PVAL's distribution rate is 0.71%, paid quarterly, with a 0.55% expense ratio — calculation basis unavailable.
How has PVAL's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -5.0%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does PVAL pay a dividend?
PVAL pays quarterly. The dividend amount is $0.096. The ex-dividend date is 10/06/2026. The payment date is 10/14/2026.
How has PVAL performed?
Total return is 127.2% over the past 5.4 years, 31.2 points ahead of SPY at 96.0%. Over the past year its total return — price change plus distributions reinvested — is 29.1%. Its deepest 1-year drawdown was 7.2%.
Is PVAL a good investment?
PVAL's Dividend Vision Distribution Safety Score is 89 (Safe). That is a risk signal, not investment advice. Its distribution rate is 0.71% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Putnam.
Tickers
Holdings as-of date unavailable.
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