The team managing the Putnam Dynamic Asset Allocation series remains thin considering its flexible mandate here, and management hasn’t demonstrated an ability to consistently add value via tactical allocation and security selection. The series earns a Morningstar Analyst Rating of Neutral.
Will PAEAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAEAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PAEAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PAEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.