ASSET ALLOCATION

Our funds offer strategic diversification

An asset allocation strategy diversifies investments across different asset classes and global markets with the goal of improving the balance of reward and risk.

Dynamic Asset Allocation Conservative Fund (PACYX)

A globally diversified fund for preserving wealth

This fund received a Overall Morningstar Rating out of 487 funds in the Allocation--30% to 50% Equity category as of 07/31/19

Dynamic Asset Allocation Balanced Fund (PABYX)

A globally diversified fund pursuing a balance of growth and income

This fund received a Overall Morningstar Rating out of 666 funds in the Allocation--50% to 70% Equity category as of 07/31/19

Dynamic Asset Allocation Growth Fund (PAGYX)

A globally diversified fund pursuing growth

This fund received a Overall Morningstar Rating out of 307 funds in the Allocation--70% to 85% Equity category as of 07/31/19

Equity and fixed-income allocations have a flexible range of +/- 15%, allowing the strategies to take advantage of the most attractive opportunities.

Putnam has a team experienced in asset allocation

The three senior team members have been in place at Putnam for more than a decade, providing experience managing asset allocation strategies through multiple market cycles since 1994.

Robert J. Schoen James A. Fetch
Jason R. Vaillancourt Brett Goldstein
(pictured left to right):

Robert J. Schoen (investing since 1990)

James A. Fetch, CIO, Global Asset Allocation (investing since 1994)

Jason R. Vaillancourt, CFA, Co-Head of Global Asset Allocation (investing since 1993)

Brett S. Goldstein, CFA, Portfolio Manager (investing since 2010)

Market leaders change

Diversifying investments can be more effective than choosing one area of the market, because performance leadership changes.

Explore the table below:

See how Putnam Dynamic Asset Allocation Balanced Fund (AAB) avoids the extremes.
Select an asset class to see how the winners fluctuate from year to year.
  • Putnam Dynamic Asset Allocation Balanced Fund (AAB)
  • Large-cap growth equities (LCG)
  • Small-cap growth equities (SCG)
  • Large -cap value equities (LCV)
  • Small-cap value equities (SCV)
  • International equities (IE)
  • U.S. bonds (AGG)
  • Cash
  • Commodities (Comm.)
  • U.S. TIPS (TIPS)

View this chart as a PDF

Data is historical. Past performance is not a guarantee of future results. Large-cap growth stocks are represented by the Russell 1000 Growth Index, which is an unmanaged index of capitalization-weighted stocks chosen for their growth orientation. Small-cap growth stocks are represented by the Russell 2000 Growth Index, which is an unmanaged index of those companies in the Russell 2000 Index chosen for their growth orientation. Large-cap value stocks are represented by the Russell 1000 Value Index, which is an unmanaged index of capitalization-weighted stocks chosen for their value orientation. Small-cap value stocks are represented by the Russell 2000 Value Index, which is an unmanaged index of those companies in the Russell 2000 Index chosen for their value orientation. Large-cap stocks are represented by the S&P 500 Index, which is an unmanaged index of common stock performance. Mid-cap stocks are represented by the Russell Midcap Index, an unmanaged index that measures the performance of the 800 smallest companies in the Russell 1000 Index. International stocks are represented by the MSCI EAFE Index (ND), which is an unmanaged index of international stocks from Europe, Australasia, and the Far East. U.S. bonds are represented by the Bloomberg Barclays U.S. Aggregate Bond Index, which is an unmanaged index used as a general measure of fixed-income securities. Cash is represented by the ICE BofAML U.S. 3-month T-Bill Index, which is an unmanaged index used as a general measure for money market or cash instruments.