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.
Putnam Dynamic Asset Allocation Bal A PABAX
NAV / 1-Day Return
15.02
/
0.94
%
Total Assets
2.3 Bil
Adj. Expense Ratio
0.940%
Expense Ratio
0.940%
Fee Level
Below Average
Longest Manager Tenure
20.21
years
Category
Allocation--50% to 70% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / LimitedStatus
Open
TTM Yield
1.06%
Turnover
253%
Morningstar’s Fund Analysis PABAX
Will PABAX 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 PABAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PABAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund series has some bright spots, including tactical proficiency, but also carries some weaknesses.
