The seasoned team managing the Putnam Dynamic Asset Allocation series follows an organized process that has produced encouraging results, but the difficulty of its mission, the size of its supporting staff, and commonplace quantitative models lead to an overall Morningstar Analyst Rating of Neutral for all share classes.
Morningstar’s Fund Analysis PABAX
Will PABAX 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 PABAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PABAX 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 PABAX’s parent organization’s priorities and whether they’re in line with investors’ interests.