Mr. Vaillancourt is Co-Head of the Global Asset Allocation group. In partnership with the other GAA Co-Heads, he is responsible for the overall strategy and positioning of Putnam’s GAA products, and the research that drives the top-down views of GAA portfolios, including asset class, region, and sector decisions. In addition, his work contributes to Putnam’s Capital Markets Outlook. Mr. Vaillancourt is also a portfolio manager of Putnam Absolute Return 500 Fund®; Putnam Absolute Return 700 Fund®; Putnam Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth); Putnam Dynamic Risk Allocation Fund; Putnam RetirementReady® Funds; Putnam Retirement Income Fund Lifestyle 1; Putnam’s Total Return institutional portfolio; and Putnam’s 529 college savings plan. He joined Putnam in 1999 and has been in the investment industry since 1993.