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Putnam Dynamic Asset Allocation Gr C PAECX

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Two Manager Promotions Do Not Affect the Ratings of Putnam's Dynamic Asset Allocation Funds

Analyst Note

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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.

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