Global diversification can make a difference to performance.

100% of Putnam Dynamic Asset Allocation Funds

rank in the top third 
of their Lipper peer groups over all periods as of 12/31/15.

Choose your path to diversification:

Conservative  |  Balanced  |  Growth

Source: Lipper. Three of three Putnam dynamic asset allocation class A funds. Based on total returns before sales charge over 1-, 3-, 5-, and 10-year periods. Rankings for other periods will vary. Past performance does not guarantee future results.

Putnam Perspectives: Analysis of evolving market themes.

The fixed-income risks that we favor

We see more attractive fixed income risks outside of interest rates, in part because U.S. economic growth may warrant more rate hikes by the Fed.

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Value opportunities gain traction in turmoil

Beneath dire headlines about plunging markets, we are seeing value opportunities assert themselves.

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Get ready for 2016 with a glance at 2015

Markets offered a number of surprises in 2015 — quickly catch up on major events and the thinking of Putnam portfolio managers with this dynamic timeline.

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Shedding light on alternatives

Classifying alternative investment strategies by objective can help to illuminate the benefits they offer to portfolio diversification.

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