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PAADX Putnam Dynamic Asset Allocation Bal R5

  • Fund
  • PAADX
  • Price as of: Sep 17, 2019
  • $14.70 + $0.04 + 0.27%

PAADX - Profile

Vitals

  • YTD Return 12.1%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $2.74 B
  • Holdings in Top 10 37.5%

52 WEEK LOW AND HIGH

$14.70
$12.63
$15.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

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

BROKERAGE FEES

  • Turnover 129.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 12.1%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 1.0%
  • 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 Robert J. Schoen

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 (%)
YTD 12.1% -38.7% 32.7% 38.18%
1 Yr -6.0% -95.7% 25.9% 82.76%
3 Yr 2.1%* -63.1% 23.1% 37.92%
5 Yr -0.3%* -46.7% 10.1% 49.28%
10 Yr N/A* -38.4% 15.3% N/A

* Annualized


Return Ranking - Calendar

Period PAADX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.5% -93.5% 19.0% 84.21%
2017 8.5% -44.7% 46.3% 26.88%
2016 4.1% -84.5% 146.1% 42.07%
2015 -6.3% -40.7% 14.6% 54.76%
2014 3.0% -67.0% 306.6% 25.17%

Total Return Ranking - Trailing

Period PAADX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -38.7% 32.7% 38.48%
1 Yr 0.9% -60.6% 25.9% 52.94%
3 Yr 7.7%* -50.8% 23.1% 12.08%
5 Yr 5.9%* -39.7% 10.1% 9.67%
10 Yr N/A* -38.4% 15.3% N/A

* Annualized


Total Return Ranking - Calendar

Period PAADX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.0% -64.7% 19.0% 51.29%
2017 15.5% -44.7% 46.3% 8.63%
2016 7.0% -84.5% 146.1% 34.56%
2015 0.5% -36.9% 14.6% 10.67%
2014 10.0% -67.0% 306.6% 9.29%

NAV & Total Return History

PAADX - Holdings

Concentration Analysis

PAADX Category Low Category High PAADX % Rank
Net Assets 2.74 B 554 K 149 B 15.61%
Number of Holdings 1758 2 13525 3.53%
Net Assets in Top 10 260 M -12.6 M 27.3 B 35.72%
Weighting of Top 10 37.53% 8.9% 808.8% 56.04%

Top 10 Holdings

  1. US 10 Year Note (CBT) Sept19 8.17%

  2. Cgputql2 R Us0003m P 11/26/19 Ci 5.02%

  3. US 5 Year Note (CBT) Sept19 4.72%

  4. Ru10intr P Us0003m R 11/26/19 Ci 4.39%

  5. E-mini Russell 2000 Index Futures 4.06%

  6. 2 Year US Treasury Note Future Sept19 3.91%

  7. US Ultra Bond (CBT) Sept19 2.11%

  8. Government National Mortgage Association 3.5% 1.92%

  9. Alphabet Inc A 1.69%

  10. E-mini S&P 500 Sept19 1.54%


Asset Allocation

Weighting Return Low Return High PAADX % Rank
Stocks
59.75% -41.01% 78.05% 24.63%
Bonds
33.32% -7.26% 80.79% 69.58%
Cash
6.02% -11.87% 72.58% 37.39%
Other
0.70% -6.71% 59.02% 25.22%
Convertible Bonds
0.19% 0.00% 88.42% 62.90%
Preferred Stocks
0.02% 0.00% 46.23% 55.94%

Stock Sector Breakdown

Weighting Return Low Return High PAADX % Rank
Technology
12.16% -18.03% 25.15% 23.65%
Financial Services
8.57% -7.21% 38.00% 35.57%
Healthcare
7.94% -6.04% 21.65% 23.25%
Consumer Cyclical
7.53% -9.46% 41.19% 15.73%
Industrials
7.04% -2.39% 26.55% 19.44%
Consumer Defense
4.65% -4.62% 11.56% 25.35%
Energy
3.15% -2.02% 67.98% 34.77%
Real Estate
2.59% -8.18% 50.68% 30.86%
Communication Services
2.26% -6.69% 25.75% 22.14%
Utilities
1.89% -2.30% 23.65% 33.97%
Basic Materials
1.83% -1.53% 15.06% 33.77%

Stock Geographic Breakdown

Weighting Return Low Return High PAADX % Rank
US
49.90% -41.02% 77.15% 32.68%
Non US
9.85% -16.08% 29.49% 21.98%

Bond Sector Breakdown

Weighting Return Low Return High PAADX % Rank
Corporate
15.87% -8.79% 89.23% 53.97%
Securitized
13.32% 0.00% 41.80% 36.21%
Government
4.26% -149.28% 80.79% 78.80%
Cash & Equivalents
1.70% -11.87% 335.52% 72.33%
Derivative
0.03% -84.86% 17.97% 12.76%
Municipal
0.00% 0.00% 58.59% 79.98%

Bond Geographic Breakdown

Weighting Return Low Return High PAADX % Rank
US
29.18% -10.71% 358.36% 72.82%
Non US
4.14% -302.38% 25.43% 35.72%

PAADX - Expenses

Operational Fees

PAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.01% 28.47% 69.34%
Management Fee 0.52% 0.00% 2.00% 48.77%
12b-1 Fee 0.00% 0.00% 1.00% 13.45%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

PAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 129.00% 0.00% 2115.00% 81.20%

PAADX - Distributions

Dividend Yield Analysis

PAADX Category Low Category High PAADX % Rank
Dividend Yield 1.01% 0.00% 12.26% 45.73%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PAADX Category Low Category High PAADX % Rank
Net Income Ratio 1.96% -4.09% 6.65% 37.58%

Capital Gain Distribution Analysis

PAADX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PAADX - Managers

Robert J. Schoen

Manager

Start Date

Tenure

Tenure Rank

May 30, 2002

17.27

17.3%

Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.


James A. Fetch

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2008

11.18

11.2%

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 first 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 Booth School of Business at the University of Chicago and a B.A. from the University of Notre Dame.


Jason R. Vaillancourt

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2008

11.18

11.2%

Mr. Vaillancourt is 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 1999 and has been in the investment industry since 1993. Prior to joining Putnam, Mr. Vaillancourt was a Research Associate, Taxable Fixed Income, at Fidelity Investments from 1996 to 1998 and an Assistant Portfolio Manager at Independence Investment Associates from 1993 to 1996. Mr. Vaillancourt earned an M.B.A. from the Booth School of Business at the University of Chicago and a B.S. from Northeastern University.


Brett Goldstein

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.42

0.4%


Tenure Analysis

Category Low

0.04

Category High

35.69

Category Average

6.84

Category Mode

7.29