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Putnam Dynamic Asset Allocation Bal R5 PAADX Fund Analysis

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Morningstar’s Analysis PAADX

Will PAADX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAADX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PAADX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PAADX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Dynamic in name and nature.

Analyst Stephen Margaria

Stephen Margaria

Analyst

Summary

Firm veterans oversee Putnam Dynamic Asset Allocation series’ flexible approach, but there are a lot of moving parts, and the team does not demonstrate a clear edge in either tactical allocation or security selection.

by Stephen Margaria
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