Adrian H. Chan, CFA

Portfolio Manager

Mr. Chan is a Portfolio Manager in the Global Asset Allocation (GAA) group. He is responsible for derivatives and volatility strategies, including tail-risk hedging. In addition, Mr. Chan assists in portfolio construction for U.S. stock selection processes and leads efforts in custom indexing. His work also contributes to Putnam’s Capital Markets Outlook. Mr. Chan has been in the investment industry since he joined Putnam in 2003. After leaving in 2006 to complete his M.B.A., he rejoined the firm in 2008. Mr. Chan 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 Retirement Advantage Funds; Putnam RetirementReady Funds; Putnam Total Return Fund; and Putnam 529 for America. Previously at Putnam, he served as an Analyst, an Investment Associate, and an Intern in the GAA group.

Mutual Funds

Fact sheet Annual Semi annual
Dynamic Asset Allocation Balanced Fund
Overall Morningstar RatingTM among 703 funds in the Allocation--50% to 70% Equity category.
10-year Morningstar RatingTM among 458 funds in the Allocation--50% to 70% Equity category.
Dynamic Asset Allocation Conservative Fund
Dynamic Asset Allocation Growth Fund
Overall Morningstar RatingTM among 303 funds in the Allocation--70% to 85% Equity category.
10-year Morningstar RatingTM among 205 funds in the Allocation--70% to 85% Equity category.
Dynamic Risk Allocation Fund
Multi-Asset Absolute Return Fund
Retirement Advantage 2025 Fund
Retirement Advantage 2025 Trust
10-year Morningstar RatingTM among 88 funds in the Target-Date 2025 category.
Retirement Advantage 2030 Fund
Retirement Advantage 2030 Trust
Overall Morningstar RatingTM among 200 funds in the Target-Date 2030 category.
10-year Morningstar RatingTM among 93 funds in the Target-Date 2030 category.
Retirement Advantage 2035 Fund
Retirement Advantage 2035 Trust
Overall Morningstar RatingTM among 198 funds in the Target-Date 2035 category.
10-year Morningstar RatingTM among 85 funds in the Target-Date 2035 category.
Retirement Advantage 2040 Fund
Retirement Advantage 2040 Trust
Overall Morningstar RatingTM among 200 funds in the Target-Date 2040 category.
10-year Morningstar RatingTM among 93 funds in the Target-Date 2040 category.
3-year Morningstar RatingTM among 200 funds in the Target-Date 2040 category.
Retirement Advantage 2045 Fund
Retirement Advantage 2045 Trust
Overall Morningstar RatingTM among 198 funds in the Target-Date 2045 category.
10-year Morningstar RatingTM among 84 funds in the Target-Date 2045 category.
3-year Morningstar RatingTM among 198 funds in the Target-Date 2045 category.
Retirement Advantage 2050 Fund
Retirement Advantage 2050 Trust
Overall Morningstar RatingTM among 200 funds in the Target-Date 2050 category.
10-year Morningstar RatingTM among 89 funds in the Target-Date 2050 category.
3-year Morningstar RatingTM among 200 funds in the Target-Date 2050 category.
Retirement Advantage 2055 Fund
Retirement Advantage 2055 Trust
Overall Morningstar RatingTM among 198 funds in the Target-Date 2055 category.
10-year Morningstar RatingTM among 69 funds in the Target-Date 2055 category.
5-year Morningstar RatingTM among 163 funds in the Target-Date 2055 category.
3-year Morningstar RatingTM among 198 funds in the Target-Date 2055 category.
Retirement Advantage 2060 Fund
Retirement Advantage 2060 Trust
Retirement Advantage 2065 Fund
Retirement Advantage 2065 Trust
Retirement Advantage Maturity Fund
Retirement Advantage Maturity Trust
Overall Morningstar RatingTM among 148 funds in the Target-Date Retirement category.
10-year Morningstar RatingTM among 77 funds in the Target-Date Retirement category.
5-year Morningstar RatingTM among 122 funds in the Target-Date Retirement category.
3-year Morningstar RatingTM among 148 funds in the Target-Date Retirement category.
RetirementReady 2025 Fund
RetirementReady 2030 Fund
RetirementReady 2035 Fund
RetirementReady 2040 Fund
RetirementReady 2045 Fund
RetirementReady 2050 Fund
10-year Morningstar RatingTM among 89 funds in the Target-Date 2050 category.
RetirementReady 2055 Fund
10-year Morningstar RatingTM among 69 funds in the Target-Date 2055 category.
RetirementReady 2060 Fund
RetirementReady 2065 Fund
RetirementReady Maturity Fund

More from the Asset Allocation team

The end of the Great Moderation

Russia's invasion of Ukraine may stop the string of more moderate business cycles since 1982 and raise the risk of recession.

More »

Market volatility returns to "old" normal

Our outlook for stock market volatility sees the levels reached in 2018 continuing, in part because these levels were close to the long-term norm.

More »

Calibrate equity allocations with higher savings rates

Evidence of higher savings rates by plan participants make it reasonable to consider lower equity allocations across the glide path of target-date funds.

More »

How to plan more rationally for longevity risk

Longevity risk — the possibility outliving one's money in retirement — is a genuine risk, but data suggests that many people overestimate its likelihood.

More »