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.
Will PAGYX outperform in future?
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The People Pillar is our evaluation of the PAGYX 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 PAGYX’s parent organization’s priorities and whether they’re in line with investors’ interests.