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PACRX Putnam Dynamic Asset Allocation Cnsrv R

  • Fund
  • PACRX
  • Price as of: May 22, 2019
  • $10.81 - $0.01 - 0.09%
  • Category
  • Diversified Portfolio

PACRX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $1.08 B
  • Holdings in Top 10 55.8%

52 WEEK LOW AND HIGH

$10.81
$10.04
$11.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.24%

SALES FEES

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

BROKERAGE FEES

  • Turnover 166.00%

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--30% to 50% Equity

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Putnam Dynamic Asset Allocation Conservative Fund
  • Fund Family Name Putnam
  • Inception Date Jan 21, 2003
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Robert J. Schoen

Fund Description

The fund allocates 15% to 45% of its assets in equities and 55% to 85% in fixed income securities. It invests mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments. The fund also invests, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size.

PACRX - Performance

Return Ranking - Trailing

Period PACRX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -3.6% 18.6% 76.47%
1 Yr -2.3% -27.6% 10.7% 32.93%
3 Yr 1.7%* -9.2% 14.1% 45.29%
5 Yr -0.9%* -24.5% 8.6% 48.98%
10 Yr 3.4%* -14.3% 9.7% 57.30%

* Annualized


Return Ranking - Calendar

Period PACRX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.9% -34.6% 1.6% 34.69%
2017 7.3% -12.4% 33.2% 45.95%
2016 2.1% -65.8% 23.3% 68.46%
2015 -6.6% -64.9% 4.8% 56.67%
2014 0.3% -59.3% 68.3% 48.82%

Total Return Ranking - Trailing

Period PACRX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -3.6% 18.6% 75.77%
1 Yr 1.5% -25.5% 11.4% 22.29%
3 Yr 4.4%* -9.2% 14.1% 56.05%
5 Yr 3.7%* -21.8% 47.6% 34.85%
10 Yr 7.2%* -12.6% 13.3% 47.53%

* Annualized


Total Return Ranking - Calendar

Period PACRX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.0% -32.7% 1.6% 25.75%
2017 9.4% -8.4% 33.2% 61.14%
2016 4.3% -65.2% 23.3% 70.90%
2015 0.1% -62.9% 9.2% 10.19%
2014 8.4% -28.5% 76.9% 12.34%

NAV & Total Return History

PACRX - Holdings

Concentration Analysis

PACRX Category Low Category High PACRX % Rank
Net Assets 1.08 B 608 K 144 B 38.71%
Number of Holdings 1697 2 13342 8.79%
Net Assets in Top 10 224 M -752 M 26.4 B 49.65%
Weighting of Top 10 55.79% 0.0% 3196.0% 55.09%

Top 10 Holdings

  1. S&P500 Emini Fut Jun19 Esm9 9.42%

  2. Us 5yr Note (Cbt) Jun19 Fvm9 8.76%

  3. US 2 Year Note (CBT) June19 8.07%

  4. Cdx Cdx.Na.Ig.32 100.0 06/20/2024 6.02%

  5. Us 10yr Note (Cbt)jun19 Tym9 4.44%

  6. Cgputql2 R Us0003m P 11/26/19 Ci 4.17%

  7. Government National Mortgage Association 3.5% 3.94%

  8. US Ultra Bond (CBT) June19 3.78%

  9. Ru10intr P Us0003m R 11/26/19 Ci 3.60%

  10. Federal National Mortgage Association 3.5% 3.59%


Asset Allocation

Weighting Return Low Return High PACRX % Rank
Bonds
74.73% -342.57% 261.66% 6.70%
Stocks
31.89% -18.54% 99.89% 79.38%
Convertible Bonds
0.28% -0.09% 39.88% 40.23%
Other
0.03% -253.31% 51.84% 62.68%
Preferred Stocks
0.02% 0.00% 65.70% 62.30%
Cash
-6.94% -285.07% 453.71% 96.96%

Stock Sector Breakdown

Weighting Return Low Return High PACRX % Rank
Technology
9.35% -9.43% 28.91% 44.24%
Financial Services
5.80% -0.38% 47.66% 67.03%
Healthcare
5.72% -2.72% 24.64% 55.89%
Consumer Cyclical
5.37% -10.37% 33.33% 51.20%
Industrials
4.92% -0.28% 27.79% 51.71%
Consumer Defense
3.42% -1.62% 18.58% 54.11%
Energy
2.51% -2.23% 32.61% 63.10%
Real Estate
1.66% -3.85% 73.69% 54.43%
Communication Services
1.33% -0.92% 7.52% 59.24%
Basic Materials
1.31% -1.52% 21.64% 67.34%
Utilities
1.28% -0.60% 23.50% 61.90%

Stock Geographic Breakdown

Weighting Return Low Return High PACRX % Rank
US
23.41% -20.21% 124.70% 74.32%
Non US
8.48% -91.46% 98.02% 59.01%

Bond Sector Breakdown

Weighting Return Low Return High PACRX % Rank
Corporate
24.07% 0.00% 93.54% 24.35%
Securitized
22.76% 0.00% 43.20% 7.15%
Government
18.78% -203.24% 254.66% 23.21%
Derivative
9.45% -190.53% 70.06% 1.14%
Municipal
0.00% 0.00% 99.76% 72.42%
Cash & Equivalents
-6.98% -278.69% 455.04% 96.77%

Bond Geographic Breakdown

Weighting Return Low Return High PACRX % Rank
US
68.24% -337.34% 210.96% 5.63%
Non US
6.49% -84.44% 144.19% 33.97%

PACRX - Expenses

Operational Fees

PACRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.00% 11.64% 34.72%
Management Fee 0.52% 0.00% 2.50% 56.99%
12b-1 Fee 0.50% 0.00% 1.00% 62.44%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

PACRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PACRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 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.

PACRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 166.00% 0.00% 6067.00% 90.96%

PACRX - Distributions

Dividend Yield Analysis

PACRX Category Low Category High PACRX % Rank
Dividend Yield 0.01% 0.00% 0.31% 45.86%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PACRX Category Low Category High PACRX % Rank
Net Income Ratio 1.69% -4.09% 6.99% 48.96%

Capital Gain Distribution Analysis

PACRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

PACRX - Managers

Robert J. Schoen

Manager

Start Date

Tenure

Tenure Rank

May 30, 2002

16.93

16.9%

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.


Jason R. Vaillancourt

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2008

10.84

10.8%

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. Mr. Vaillancourt is a CFA charterholder.


James A. Fetch

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2008

10.84

10.8%

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.


Brett Goldstein

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.08

0.1%


Tenure Analysis

Category Low

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95