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PAADX Putnam Dynamic Asset Allocation Bal R5

  • Fund
  • PAADX
  • Price as of: Mar 27, 2017
  • $14.53
  • - $0.01
  • - 0.07%
  • Category
  • Diversified Portfolio

PAADX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 6.2%
  • 5 Yr Annualized Return 9.1%
  • Net Assets $2.46 B
  • Holdings in Top 10 16.1%

52 WEEK LOW AND HIGH

$14.53
$13.19
$14.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 374.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Putnam Dynamic Asset Allocation Balanced Fund
  • Fund Family Name Putnam
  • Inception Date Jul 02, 2012
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Jason R. Vaillancourt

Fund Description

The fund allocates 45% to 75% of its assets in equities and 25% to 55% in fixed income securities. It invests mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. The fund also invests in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments).

PAADX - Performance

Return Ranking - Trailing

Period PAADX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -49.2% 398.4% 40.19% 3
1 Yr 15.9% -26.7% 45.9% 24.84% 2
3 Yr 6.2% * -32.8% 11.8% 8.43% 1
5 Yr 9.1% * -20.8% 13.6% 7.86% 1
10 Yr 5.7% * -14.1% 8.4% 20.23% 2

* Annualized


Return Ranking - Calendar

Period PAADX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.1% -65.8% 23.3% 29.07% 2
2015 -6.3% -37.7% 48.7% 45.61% 3
2014 3.0% -59.3% 22.9% 15.89% 1
2013 17.2% -17.5% 36.4% 13.10% 1
2012 N/A -16.2% 18.4% N/A N/A

Total Return Ranking - Trailing

Period PAADX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -49.2% 398.4% 39.97% 3
1 Yr 15.9% -28.0% 73.2% 20.08% 2
3 Yr 6.2% * -31.2% 28.2% 7.40% 1
5 Yr 9.1% * -18.8% 13.6% 7.86% 1
10 Yr 5.7% * -12.0% 14.3% 20.08% 2

* Annualized


Total Return Ranking - Calendar

Period PAADX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.6% -65.6% 32.0% 30.49% 2
2015 0.6% -29.3% 50.4% 9.27% 1
2014 11.3% -54.8% 25.4% 5.07% 1
2013 23.7% -16.7% 57.2% 21.10% 2
2012 N/A -16.2% 74.5% N/A N/A

NAV & Total Return History

PAADX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

PAADX Category Low Category High PAADX % Rank Quintile
Net Assets 2.46 B 81.4 K 107 B 3.93% 1
Number of Holdings 1906 1 12715 1.51% 1
Net Assets in Top 10 382 M -747 M 20.8 B 8.01% 2
Weighting of Top 10 16.1% 0.2% 279.9% 27.87% 5

Top 10 Holdings

  1. Govt Natl Mtg Asso 3.5% 3.08%
  2. FNMA 4% TBA 2.58%
  3. FNMA 2.02%
  4. Fed Natl Mort Assc 3% 1.56%
  5. FNMA 1.15%
  6. JPMorgan Chase & Co 1.23%
  7. Microsoft Corp 1.28%
  8. Verizon Communications Inc 0.98%
  9. Alphabet Inc A 1.31%
  10. Citigroup Inc 0.97%

Asset Allocation

Weighting Category Low Category High PAADX % Rank Quintile
Stocks
51.03% 0.00% 146.93% 16.08% 3
Bonds
28.43% -71.40% 152.94% 19.28% 4
Cash
20.14% -95.46% 99.77% 5.86% 1
Other
0.21% -8.83% 98.84% 17.53% 4
Preferred Stocks
0.13% -0.04% 38.11% 8.10% 3
Convertible Bonds
0.06% 0.00% 33.12% 6.82% 2

Stock Sector Breakdown

Weighting Category Low Category High PAADX % Rank Quintile
Technology
8.39% -3.41% 70.04% 11.78% 2
Financial Services
7.93% -5.25% 69.58% 13.68% 3
Consumer Cyclical
7.32% -8.56% 54.37% 9.13% 2
Healthcare
6.61% -3.11% 31.05% 10.89% 2
Industrials
5.27% -4.42% 48.84% 13.95% 3
Consumer Defense
4.61% -2.25% 27.69% 9.27% 2
Energy
3.69% -3.05% 34.74% 10.94% 3
Real Estate
2.05% -3.44% 45.56% 11.50% 3
Basic Materials
1.86% -1.62% 21.85% 11.08% 3
Utilities
1.77% -6.36% 47.20% 7.46% 2
Communication Services
1.50% -0.67% 27.16% 10.11% 3

Stock Geographic Breakdown

Weighting Category Low Category High PAADX % Rank Quintile
US
41.50% -97.12% 142.69% 13.82% 2
Non US
9.53% -4.61% 150.26% 15.38% 3

Bond Sector Breakdown

Weighting Category Low Category High PAADX % Rank Quintile
Cash & Equivalents
20.22% -95.46% 100.53% 5.95% 1
Corporate
14.09% -0.05% 86.60% 15.65% 3
Securitized
13.75% -0.01% 41.72% 5.31% 1
Government
0.57% -89.50% 137.47% 23.57% 5
Derivative
0.12% -84.53% 15.47% 2.24% 1
Municipal
0.01% 0.00% 91.52% 7.64% 4

Bond Geographic Breakdown

Weighting Category Low Category High PAADX % Rank Quintile
US
24.82% -134.91% 152.94% 17.12% 3
Non US
3.61% -57.44% 159.37% 16.66% 4

PAADX - Expenses

Operational Fees

PAADX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.74% 0.00% 165.34% 15.39% 2
Management Fee 0.52% 0.00% 2.55% 3.43% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

PAADX Fees (% of AUM) Category Low Category High PAADX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PAADX Fees (% of AUM) Category Low Category High PAADX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PAADX Fees (% of AUM) Category Low Category High PAADX Rank Quintile
Turnover 374.00% 0.00% 5609.00% 1.70% 5

PAADX - Distributions

Dividend Yield Analysis

PAADX Category Low Category High PAADX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.33% 26.46% 2

Dividend Distribution Analysis

PAADX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PAADX Category Low Category High PAADX % Rank Quintile
Net Income Ratio 1.72% -3.27% 12.91% 12.14% 2

Capital Gain Distribution Analysis

PAADX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PAADX - Managers

Jason R. Vaillancourt

Manager

Start Date

Jun 30, 2008

Tenure

8.67

Tenure Rank

2.3%

Mr. Vaillancourt is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co- Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is accountable for the research that drives the top-down views of GAA portfolios, including asset class, region, and sector decisions. His work also contributes to Putnam’s Capital Markets Outlook. In addition, Mr. Vaillancourt is a portfolio manager of GAA, multi-asset absolute return, and total return strategies. He joined Putnam in 2000 and has been in the investment industry since 1993. Prior to joining Putnam, Mr. Vaillancourt was a Research Associate in Taxable Fixed Income at Fidelity Investments from 1996 to 1998, and an Assistant Portfolio Manager at Independence Investment Associates from 1993 to 1996. He earned an M.B.A. from the University of Chicago and a B.S. from Northeastern University.


James A. Fetch

Manager

Start Date

Jun 30, 2008

Tenure

8.67

Tenure Rank

2.3%

Mr. Fetch is a Co-Head of Global Asset Allocation. In partnership with other GAA Co-Heads, he directs the overall strategy and positioning of Putnam's GAA products. He is accountable for GAA portfolio construction and risk management strategies. His work also contributes to Putnam's Capital Markets Outlook. Since 2008, Mr. Fetch has served as a portfolio manager. He is responsible for managing Putnam's GAA, multi-asset absolute return, and total return strategies. Mr. Fetch 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. He earned an M.B.A. from the University of Chicago and a B.A. from the University of Notre Dame.


Robert J. Kea

Manager

Start Date

May 30, 2002

Tenure

14.76

Tenure Rank

0.8%

Mr. Kea is a Co-Head of Global Asset Allocation (GAA). In partnership with other GAA Co-Heads, he directs the overall strategy and positioning of GAA products and oversees top-down equity and duration views in Putnam GAA portfolios. His work contributes to Putnam's Capital Markets Outlook. In addition, Mr. Kea is a portfolio manager who is responsible for managing GAA, multi-asset absolute-return, and total-return strategies. He joined Putnam in 1989 and has been in the investment industry since 1988. Previously at Putnam, Mr. Kea served as an Accountant for international funds. Prior to joining Putnam, he was an Accountant at State Street Bank from 1988 to 1989. He earned an M.B.A. from Bentley College and a B.A. from the University of Massachusetts, Amherst.


Robert J. Schoen

Manager

Start Date

May 30, 2002

Tenure

14.76

Tenure Rank

0.8%

Mr. Schoen is CIO, Global Asset Allocation. He is responsible for the overall strategy and positioning of Putnam’s GAA products. His responsibilities include the research that drives equity security selection strategies, portfolio construction, and risk management for GAA portfolios. His work contributes to Putnam’s Capital Markets Outlook. In addition, Mr. Schoen is a PM of Putnam's GAA, multi-asset absolute return, total return strategies, and low volatility equity product group. He is also a member of Putnam's Operating Committee. Mr. Schoen joined Putnam in 1997.


Tenure Analysis

Category Low

0.0

Category High

36.2

Category Average

5.45

Category Mode

2.2