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Putnam Dynamic Asset Allocation Balanced Fund
mutual fund
PAADX
Payout Change
Pending
Price as of:
$16.11
+0.05
+0.31%
primary theme
U.S. Balanced Allocation
share class
PAADX (Mutual Fund)
Putnam Dynamic Asset Allocation Balanced Fund
Payout Change
Pending
Price as of:
$16.11
+0.05
+0.31%
primary theme
U.S. Balanced Allocation
share class
PAADX (Mutual Fund)
Putnam Dynamic Asset Allocation Balanced Fund
Payout Change
Pending
Price as of:
$16.11
+0.05
+0.31%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/23/2024Price
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
Vitals
YTD Return
17.0%
1 yr return
17.5%
3 Yr Avg Return
5.6%
5 Yr Avg Return
8.5%
Net Assets
$1.97 B
Holdings in Top 10
44.7%
52 WEEK LOW AND HIGH
$16.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
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 12/23/2024Price
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
PAADX - Profile
Distributions
- YTD Total Return 17.0%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 8.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.31%
- Dividend Yield 4.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePutnam Dynamic Asset Allocation Balanced Fund
-
Fund Family NamePutnam
-
Inception DateJul 02, 2012
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert 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.
PAADX - Performance
Return Ranking - Trailing
| Period | PAADX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.0% | -2.7% | 72.6% | 6.75% |
| 1 Yr | 17.5% | -1.8% | 67.6% | 5.87% |
| 3 Yr | 5.6%* | -5.1% | 20.7% | 7.66% |
| 5 Yr | 8.5%* | -3.8% | 21.1% | 16.83% |
| 10 Yr | 7.3%* | 0.7% | 13.6% | 25.05% |
* Annualized
Return Ranking - Calendar
| Period | PAADX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.0% | -12.2% | 23.9% | 11.95% |
| 2022 | -20.2% | -34.7% | 2.8% | 69.72% |
| 2021 | 1.5% | -11.9% | 18.1% | 75.89% |
| 2020 | 10.1% | -20.9% | 39.7% | 29.13% |
| 2019 | 15.2% | 0.8% | 25.7% | 33.00% |
Total Return Ranking - Trailing
| Period | PAADX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.0% | -2.7% | 72.6% | 6.75% |
| 1 Yr | 17.5% | -1.8% | 67.6% | 5.87% |
| 3 Yr | 5.6%* | -5.1% | 20.7% | 7.66% |
| 5 Yr | 8.5%* | -3.8% | 21.1% | 16.83% |
| 10 Yr | 7.3%* | 0.7% | 13.6% | 25.05% |
* Annualized
Total Return Ranking - Calendar
| Period | PAADX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.9% | -12.2% | 26.8% | 10.47% |
| 2022 | -15.2% | -29.0% | 10.9% | 55.92% |
| 2021 | 13.6% | -3.0% | 27.3% | 45.44% |
| 2020 | 12.7% | -19.5% | 40.6% | 51.13% |
| 2019 | 17.6% | 2.2% | 32.7% | 75.67% |
NAV & Total Return History
PAADX - Holdings
Concentration Analysis
| PAADX | Category Low | Category High | PAADX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.97 B | 861 K | 235 B | 30.01% |
| Number of Holdings | 2204 | 2 | 16143 | 4.28% |
| Net Assets in Top 10 | 951 M | 859 K | 66.9 B | 41.59% |
| Weighting of Top 10 | 44.67% | 10.8% | 122.7% | 55.75% |
Top 10 Holdings
- EQUITY INDEX FUTURE 9.53%
- SHORT TERM INV FUND 5.10%
- GOVERNMENT FUTURES 4.17%
- GOVERNMENT FUTURES 4.10%
- Total Return Swap 4.02%
- COMMON STOCK 3.95%
- Total Return Swap 3.74%
- COMMON STOCK 3.59%
- COMMON STOCK 3.44%
- Total Return Swap 3.03%
Asset Allocation
| Weighting | Return Low | Return High | PAADX % Rank | |
|---|---|---|---|---|
| Stocks | 69.71% | 0.00% | 100.10% | 50.59% |
| Other | 41.79% | -42.55% | 113.97% | 0.88% |
| Bonds | 31.58% | 0.00% | 77.71% | 31.71% |
| Cash | 5.58% | -7.92% | 100.00% | 20.65% |
| Convertible Bonds | 0.54% | 0.00% | 23.84% | 44.73% |
| Preferred Stocks | 0.13% | 0.00% | 24.59% | 16.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PAADX % Rank | |
|---|---|---|---|---|
| Technology | 21.95% | 0.00% | 44.21% | 28.76% |
| Healthcare | 14.34% | 0.00% | 29.35% | 36.81% |
| Financial Services | 13.25% | 0.00% | 38.77% | 70.64% |
| Consumer Cyclical | 10.52% | 0.00% | 19.36% | 39.79% |
| Industrials | 9.70% | 0.00% | 24.37% | 56.48% |
| Consumer Defense | 7.30% | 0.00% | 15.14% | 33.38% |
| Communication Services | 7.01% | 0.00% | 38.10% | 53.65% |
| Energy | 5.33% | 0.00% | 85.65% | 41.13% |
| Basic Materials | 4.10% | 0.00% | 25.57% | 53.35% |
| Real Estate | 3.58% | 0.00% | 65.01% | 42.47% |
| Utilities | 2.92% | 0.00% | 99.55% | 52.76% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PAADX % Rank | |
|---|---|---|---|---|
| US | 59.80% | 0.00% | 100.10% | 69.17% |
| Non US | 9.91% | 0.00% | 42.80% | 7.82% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PAADX % Rank | |
|---|---|---|---|---|
| Derivative | 41.29% | -4.58% | 41.29% | 0.74% |
| Securitized | 38.95% | 0.00% | 92.13% | 5.20% |
| Corporate | 30.30% | 0.00% | 98.21% | 52.45% |
| Government | 27.63% | 0.00% | 97.26% | 55.72% |
| Cash & Equivalents | 5.58% | 0.00% | 99.92% | 20.65% |
| Municipal | 0.00% | 0.00% | 24.80% | 97.18% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PAADX % Rank | |
|---|---|---|---|---|
| US | 31.38% | 0.00% | 77.71% | 30.53% |
| Non US | 0.21% | 0.00% | 15.37% | 8.41% |
PAADX - Expenses
Operational Fees
| PAADX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.03% | 27.98% | 73.61% |
| Management Fee | 0.52% | 0.00% | 1.83% | 62.23% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 14.98% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| PAADX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PAADX 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.
| PAADX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 253.00% | 0.83% | 343.00% | 98.11% |
PAADX - Distributions
Dividend Yield Analysis
| PAADX | Category Low | Category High | PAADX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.28% | 0.00% | 17.90% | 24.30% |
Dividend Distribution Analysis
| PAADX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PAADX | Category Low | Category High | PAADX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.31% | -2.34% | 13.92% | 41.44% |
Capital Gain Distribution Analysis
| PAADX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.172 | OrdinaryDividend |
| Dec 18, 2024 | $0.708 | CapitalGainShortTerm |
| Dec 18, 2024 | $0.692 | CapitalGainLongTerm |
| Sep 18, 2024 | $0.086 | OrdinaryDividend |
| Mar 18, 2024 | $0.084 | OrdinaryDividend |
| Dec 18, 2023 | $0.083 | OrdinaryDividend |
| Dec 18, 2023 | $0.031 | CapitalGainShortTerm |
| Dec 18, 2023 | $0.199 | CapitalGainLongTerm |
| Sep 18, 2023 | $0.068 | OrdinaryDividend |
| Jun 15, 2023 | $0.068 | OrdinaryDividend |
| Mar 16, 2023 | $0.063 | OrdinaryDividend |
| Dec 16, 2022 | $0.055 | OrdinaryDividend |
| Dec 16, 2022 | $0.626 | CapitalGainLongTerm |
| Sep 16, 2022 | $0.055 | OrdinaryDividend |
| Jun 16, 2022 | $0.055 | OrdinaryDividend |
| Mar 17, 2022 | $0.052 | OrdinaryDividend |
| Dec 16, 2021 | $1.817 | OrdinaryDividend |
| Sep 16, 2021 | $0.053 | OrdinaryDividend |
| Jun 17, 2021 | $0.053 | OrdinaryDividend |
| Mar 18, 2021 | $0.053 | OrdinaryDividend |
| Dec 17, 2020 | $0.149 | OrdinaryDividend |
| Sep 17, 2020 | $0.052 | OrdinaryDividend |
| Jun 18, 2020 | $0.078 | OrdinaryDividend |
| Mar 18, 2020 | $0.078 | OrdinaryDividend |
| Dec 18, 2019 | $0.078 | OrdinaryDividend |
| Sep 18, 2019 | $0.079 | OrdinaryDividend |
| Jun 18, 2019 | $0.078 | OrdinaryDividend |
| Mar 18, 2019 | $0.074 | OrdinaryDividend |
| Dec 18, 2018 | $0.074 | OrdinaryDividend |
| Dec 18, 2018 | $0.161 | CapitalGainShortTerm |
| Dec 18, 2018 | $0.732 | CapitalGainLongTerm |
| Sep 18, 2018 | $0.075 | OrdinaryDividend |
| Jun 18, 2018 | $0.072 | OrdinaryDividend |
| Mar 16, 2018 | $0.066 | OrdinaryDividend |
| Dec 18, 2017 | $0.067 | OrdinaryDividend |
| Dec 18, 2017 | $0.267 | CapitalGainShortTerm |
| Dec 18, 2017 | $0.456 | CapitalGainLongTerm |
| Sep 18, 2017 | $0.066 | OrdinaryDividend |
| Jun 16, 2017 | $0.057 | OrdinaryDividend |
| Mar 16, 2017 | $0.063 | OrdinaryDividend |
| Dec 16, 2016 | $0.062 | OrdinaryDividend |
| Dec 16, 2016 | $0.125 | CapitalGainLongTerm |
| Sep 16, 2016 | $0.063 | OrdinaryDividend |
| Jun 16, 2016 | $0.062 | OrdinaryDividend |
| Mar 17, 2016 | $0.064 | OrdinaryDividend |
| Dec 17, 2015 | $0.063 | OrdinaryDividend |
| Dec 17, 2015 | $0.132 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.612 | CapitalGainLongTerm |
| Sep 18, 2015 | $0.062 | OrdinaryDividend |
| Jun 19, 2015 | $0.063 | OrdinaryDividend |
| Mar 19, 2015 | $0.062 | OrdinaryDividend |
| Dec 19, 2014 | $0.063 | OrdinaryDividend |
| Dec 19, 2014 | $0.701 | CapitalGainLongTerm |
| Sep 19, 2014 | $0.061 | OrdinaryDividend |
| Jun 19, 2014 | $0.050 | OrdinaryDividend |
| Mar 19, 2014 | $0.058 | OrdinaryDividend |
| Dec 19, 2013 | $0.059 | OrdinaryDividend |
| Sep 19, 2013 | $0.057 | OrdinaryDividend |
| Jun 19, 2013 | $0.057 | OrdinaryDividend |
| Mar 19, 2013 | $0.056 | OrdinaryDividend |
| Dec 19, 2012 | $0.056 | OrdinaryDividend |
| Sep 19, 2012 | $0.054 | OrdinaryDividend |
PAADX - 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 |
