On June 28, 2021, Putnam announced the promotion of Brett Goldstein to co-chief investment officer of the firm's Global Asset Allocation, or GAA, team, effective June 30, 2021. At the same time, Adrian Chan will be added as a named portfolio manager on funds managed by the GAA team, including the Dynamic Asset Allocation funds. The Dynamic Asset Allocation series retains an Average People rating, supporting a continued Morningstar Analyst Rating of Neutral.
Putnam Dynamic Asset Allocation Bal B PABBX
NAV / 1-Day Return
15.72
/
0.32
%
Total Assets
2.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.710%
Expense Ratio
1.710%
Fee Level
Average
Longest Manager Tenure
19.67
years
Category
Allocation--50% to 70% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
—Status
Closed
TTM Yield
0.16%
Turnover
253%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PABBX 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 PABBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PABBX 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 PABBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Two Manager Promotions Do Not Affect the Ratings of Putnam's Dynamic Asset Allocation Funds
