Asset Allocation Funds

Find the combination of global stocks and bonds that meets your goals for diversification, opportunity, and risk.

By diversifying across stocks, bonds, global markets, and alternative asset classes, an asset allocation fund may provide long-term investors with lower overall portfolio volatility and better risk-adjusted returns.

Putnam's approach

  • We have one of the longest-tenured teams of asset allocation specialists in the industry.
  • We proactively pursue opportunities in the portfolios and regularly rebalance to maintain a consistent risk profile.
  • We manage the portfolios to hold a variety of investments in all market conditions so they are positioned to benefit from a wide range of opportunities.

Browse Putnam's asset allocation funds

For more information on these funds and the potential risks of investing, please click on the fund names. You can lose money investing in a mutual fund.

The funds are not intended to outperform stocks and bonds during strong market rallies. S&P 500 Index is an unmanaged index of common stock performance. Barclays U.S. Aggregate Bond Index is an unmanaged index of U.S. investment-grade fixed-income securities. You cannot invest directly in an index.