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Trending ETFs

Putnam Dynamic Asset Allocation Balanced Fund

mutual fund
AABCX
Payout Change
Pending
Price as of:
$13.9 -0.1 -0.71%
primary theme
U.S. Balanced Allocation
share class
C (AABCX) R (PAARX) R6 (PAAEX) A (PABAX) R5 (PAADX) Y (PABYX)
AABCX (Mutual Fund)

Putnam Dynamic Asset Allocation Balanced Fund

Payout Change
Pending
Price as of:
$13.9 -0.1 -0.71%
primary theme
U.S. Balanced Allocation
share class
C (AABCX) R (PAARX) R6 (PAAEX) A (PABAX) R5 (PAADX) Y (PABYX)
AABCX (Mutual Fund)

Putnam Dynamic Asset Allocation Balanced Fund

Payout Change
Pending
Price as of:
$13.9 -0.1 -0.71%
primary theme
U.S. Balanced Allocation
share class
C (AABCX) R (PAARX) R6 (PAAEX) A (PABAX) R5 (PAADX) Y (PABYX)

Name

As of 08/15/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Dynamic Asset Allocation Balanced Fund

AABCX | Fund

$13.90

$1.97 B

1.24%

$0.17

1.71%

Vitals

YTD Return

16.0%

1 yr return

16.4%

3 Yr Avg Return

2.7%

5 Yr Avg Return

6.3%

Net Assets

$1.97 B

Holdings in Top 10

44.7%

52 WEEK LOW AND HIGH

$14.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.71%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 253.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 08/15/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Dynamic Asset Allocation Balanced Fund

AABCX | Fund

$13.90

$1.97 B

1.24%

$0.17

1.71%

AABCX - Profile

Distributions

  • YTD Total Return 16.0%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Putnam Dynamic Asset Allocation Balanced Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Nov 07, 1995
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Schoen

Fund Description

Investments

The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.

Class Strategic Allocation Range
Equity 60% 45-75%
Fixed Income 40% 25-55%

We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and interest rate and total return swap contracts, for both hedging and non-hedging purposes.

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AABCX - Performance

Return Ranking - Trailing

Period AABCX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% -2.7% 72.6% 13.66%
1 Yr 16.4% -1.8% 67.6% 13.66%
3 Yr 2.7%* -5.1% 20.7% 56.01%
5 Yr 6.3%* -3.8% 21.1% 56.96%
10 Yr 5.7%* 0.7% 13.6% 63.40%

* Annualized

Return Ranking - Calendar

Period AABCX Return Category Return Low Category Return High Rank in Category (%)
2023 13.7% -12.2% 23.9% 12.83%
2022 -20.7% -34.7% 2.8% 75.26%
2021 1.1% -11.9% 18.1% 78.05%
2020 10.0% -20.9% 39.7% 30.42%
2019 15.1% 0.8% 25.7% 33.83%

Total Return Ranking - Trailing

Period AABCX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% -2.7% 72.6% 13.66%
1 Yr 16.4% -1.8% 67.6% 13.66%
3 Yr 2.7%* -5.1% 20.7% 56.01%
5 Yr 6.3%* -3.8% 21.1% 56.96%
10 Yr 5.7%* 0.7% 13.6% 63.40%

* Annualized

Total Return Ranking - Calendar

Period AABCX Return Category Return Low Category Return High Rank in Category (%)
2023 16.4% -12.2% 26.8% 18.73%
2022 -20.2% -29.0% 10.9% 96.85%
2021 12.5% -3.0% 27.3% 55.95%
2020 11.6% -19.5% 40.6% 59.55%
2019 16.5% 2.2% 32.7% 83.67%

NAV & Total Return History

AABCX - Holdings

Concentration Analysis

AABCX Category Low Category High AABCX % Rank
Net Assets 1.97 B 861 K 235 B 29.43%
Number of Holdings 2204 2 16143 3.69%
Net Assets in Top 10 951 M 859 K 66.9 B 41.00%
Weighting of Top 10 44.67% 10.8% 122.7% 55.16%

Top 10 Holdings

  1. EQUITY INDEX FUTURE 9.53%
  2. SHORT TERM INV FUND 5.10%
  3. GOVERNMENT FUTURES 4.17%
  4. GOVERNMENT FUTURES 4.10%
  5. Total Return Swap 4.02%
  6. COMMON STOCK 3.95%
  7. Total Return Swap 3.74%
  8. COMMON STOCK 3.59%
  9. COMMON STOCK 3.44%
  10. Total Return Swap 3.03%

Asset Allocation

Weighting Return Low Return High AABCX % Rank
Stocks 		69.71% 0.00% 100.10% 50.00%
Other 		41.79% -42.55% 113.97% 0.29%
Bonds 		31.58% 0.00% 77.71% 31.12%
Cash 		5.58% -7.92% 100.00% 20.06%
Convertible Bonds 		0.54% 0.00% 23.84% 43.68%
Preferred Stocks 		0.13% 0.00% 24.59% 15.78%

Stock Sector Breakdown

Weighting Return Low Return High AABCX % Rank
Technology 		21.95% 0.00% 44.21% 28.17%
Healthcare 		14.34% 0.00% 29.35% 36.07%
Financial Services 		13.25% 0.00% 38.77% 70.04%
Consumer Cyclical 		10.52% 0.00% 19.36% 37.85%
Industrials 		9.70% 0.00% 24.37% 55.59%
Consumer Defense 		7.30% 0.00% 15.14% 32.79%
Communication Services 		7.01% 0.00% 38.10% 53.06%
Energy 		5.33% 0.00% 85.65% 40.54%
Basic Materials 		4.10% 0.00% 25.57% 52.76%
Real Estate 		3.58% 0.00% 65.01% 41.88%
Utilities 		2.92% 0.00% 99.55% 51.71%

Stock Geographic Breakdown

Weighting Return Low Return High AABCX % Rank
US 		59.80% 0.00% 100.10% 68.58%
Non US 		9.91% 0.00% 42.80% 7.23%

Bond Sector Breakdown

Weighting Return Low Return High AABCX % Rank
Derivative 		41.29% -4.58% 41.29% 0.15%
Securitized 		38.95% 0.00% 92.13% 4.61%
Corporate 		30.30% 0.00% 98.21% 51.86%
Government 		27.63% 0.00% 97.26% 55.13%
Cash & Equivalents 		5.58% 0.00% 99.92% 20.06%
Municipal 		0.00% 0.00% 24.80% 64.93%

Bond Geographic Breakdown

Weighting Return Low Return High AABCX % Rank
US 		31.38% 0.00% 77.71% 29.94%
Non US 		0.21% 0.00% 15.37% 7.82%

AABCX - Expenses

Operational Fees

AABCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.71% 0.03% 27.98% 16.86%
Management Fee 0.52% 0.00% 1.83% 60.47%
12b-1 Fee 1.00% 0.00% 1.00% 77.69%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

AABCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 6.59%

Trading Fees

AABCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AABCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 253.00% 0.83% 343.00% 97.48%

AABCX - Distributions

Dividend Yield Analysis

AABCX Category Low Category High AABCX % Rank
Dividend Yield 1.24% 0.00% 17.90% 34.26%

Dividend Distribution Analysis

AABCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

AABCX Category Low Category High AABCX % Rank
Net Income Ratio 0.33% -2.34% 13.92% 85.44%

Capital Gain Distribution Analysis

AABCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

View More +

AABCX - Fund Manager Analysis

Managers

Robert Schoen

Start Date

Tenure

Tenure Rank

May 30, 2002

20.02

20.0%

Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.

James Fetch

Start Date

Tenure

Tenure Rank

Jun 30, 2008

13.93

13.9%

Mr. Fetch is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co-Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is responsible for portfolio construction and risk management of GAA portfolios. His work also contributes to Putnam’s Capital Markets Outlook. Mr. Fetch is a portfolio manager of Putnam Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth); Putnam Dynamic Risk Allocation Fund; Putnam Multi-Asset Absolute Return Fund; Putnam Multi-Asset Model Portfolios; Putnam Retirement Advantage Funds; Putnam RetirementReady Funds; Putnam Total Return Fund; and Putnam 529 for America. Mr. Fetch has been in the investment industry since he joined Putnam in 1994. After leaving in 1998 to complete his M.B.A., he rejoined the firm in 2000.

Brett Goldstein

Start Date

Tenure

Tenure Rank

Mar 31, 2019

3.17

3.2%

Co-Chief Investment Officer, Global Asset Allocation. Previously, Portfolio Manager and Analyst.

Adrian Chan

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Chan is a Portfolio Manager in the Global Asset Allocation group. He joined Putnam in 2003 and first served in the investment industry from 2003 to 2006. After leaving to complete his M.B.A., Mr. Chan rejoined the industry full-time in 2008. Previously at Putnam, Mr. Chan served as an Investment Associate from 2003 to 2006, a Summer Intern in 2007, and an Analyst from 2008 to 2015. Mr. Chan earned an M.B.A. from The Wharton School at the University of Pennsylvania and an A.B. from Harvard University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.39 2.41

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