Mr. Fetch is a Co-Head of Global Asset Allocation. In partnership with other GAA Co-Heads, he is responsible for overall strategy and positioning of Putnam’s GAA products. He is accountable for portfolio construction and risk management of GAA portfolios, and his work contributes to Putnam’s Capital Markets Outlook. Since 2008, Mr. Fetch also has served as a portfolio manager of Putnam Absolute Return 500 Fund®; Putnam Absolute Return 700 Fund®; Putnam Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth portfolios); Putnam Dynamic Risk Allocation Fund; Putnam RetirementReady® Funds; Putnam Retirement Income Fund Lifestyle 1; Putnam’s Total Return institutional portfolio; Putnam Multi-Asset Absolute Return Strategies; and Putnam’s 529 college savings plan. Mr. Fetch has been in the investment industry since he originally joined Putnam in 1994. After leaving to complete his M.B.A., he rejoined the firm in 2000.