Putnam Dynamic Asset Allocation Balanced Fund (PABAX)
The fund allocates 45% to 75% of its assets in equities and 25% to 55% in fixed income securities. It invests mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. The fund also invests in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments).
Fund Info
US7464443065
746444306
Feb 6, 1994
$0
Large-Cap
Blend
Expense Ratio
PABAX has a high expense ratio of 0.94%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Putnam Dynamic Asset Allocation Balanced Fund (PABAX) returned 1.97% year-to-date (YTD) and 1.20% over the past 12 months. Over the past 10 years, PABAX returned 2.29% annually, underperforming the S&P 500 benchmark at 10.69%.
PABAX
1.97%
6.73%
-8.00%
1.20%
4.83%
2.29%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of PABAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.46% | 0.00% | -3.34% | 0.45% | 2.50% | 1.97% | |||||||
| 2024 | 1.38% | 2.98% | 3.13% | -3.13% | 3.92% | 1.92% | 1.68% | 2.24% | 1.42% | -1.77% | 3.90% | -10.33% | 6.59% |
| 2023 | 5.09% | -1.78% | 1.86% | 0.93% | -0.35% | 3.69% | 1.86% | -1.22% | -3.02% | -1.91% | 7.14% | 2.99% | 15.80% |
| 2022 | -3.81% | -2.10% | 0.59% | -6.42% | 0.47% | -6.59% | 5.90% | -2.92% | -6.62% | 3.98% | 4.77% | -7.44% | -19.46% |
| 2021 | -0.36% | 1.45% | 1.81% | 3.17% | 1.14% | 1.88% | 1.05% | 1.75% | -3.22% | 3.01% | -1.19% | -7.57% | 2.42% |
| 2020 | 0.27% | -4.77% | -9.04% | 7.53% | 3.43% | 1.86% | 3.88% | 3.35% | -2.33% | -2.02% | 7.92% | 2.49% | 11.81% |
| 2019 | 6.19% | 2.02% | 0.81% | 2.25% | -3.99% | 4.66% | 0.48% | -0.89% | 0.96% | 0.96% | 1.50% | 1.47% | 17.31% |
| 2018 | 2.55% | -3.31% | -1.15% | 0.87% | 1.26% | -0.32% | 2.18% | 1.23% | 0.35% | -5.49% | 0.20% | -11.39% | -13.09% |
| 2017 | 1.13% | 2.38% | 0.29% | 1.16% | 1.08% | 0.35% | 1.61% | 0.59% | 1.48% | 1.36% | 1.92% | -3.68% | 10.00% |
| 2016 | -3.69% | -0.77% | 4.28% | 0.60% | 1.11% | -0.19% | 3.24% | -0.07% | 0.31% | -1.57% | 1.81% | 0.80% | 5.75% |
| 2015 | -0.21% | 3.60% | -0.38% | 0.27% | 0.87% | -1.72% | 1.29% | -4.23% | -2.16% | 5.04% | 0.20% | -7.02% | -4.90% |
| 2014 | -1.42% | 3.39% | 0.41% | 0.21% | 1.81% | 1.46% | -1.49% | 2.88% | -1.59% | 1.84% | 1.80% | 0.54% | 10.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PABAX is 24, meaning it’s performing worse than 76% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Putnam Dynamic Asset Allocation Balanced Fund provided a 2.88% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.39 | $0.25 | $0.19 | $0.17 | $0.22 | $0.27 | $0.25 | $0.22 | $0.21 | $0.21 | $0.96 |
Dividend yield | 2.88% | 2.44% | 1.63% | 1.42% | 1.02% | 1.35% | 1.81% | 1.90% | 1.42% | 1.50% | 1.56% | 6.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Dynamic Asset Allocation Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | |||||||
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.16 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.17 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.22 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.27 |
| 2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.25 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.22 |
| 2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.21 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.21 |
| 2014 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.81 | $0.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Dynamic Asset Allocation Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Dynamic Asset Allocation Balanced Fund was 45.94%, occurring on Nov 20, 2008. Recovery took 539 trading sessions.
The current Putnam Dynamic Asset Allocation Balanced Fund drawdown is 9.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.94% | Jul 13, 2007 | 344 | Nov 20, 2008 | 539 | Jan 12, 2011 | 883 |
| -28.53% | Nov 9, 2021 | 235 | Oct 14, 2022 | 537 | Dec 4, 2024 | 772 |
| -26.76% | Sep 5, 2000 | 524 | Oct 9, 2002 | 318 | Jan 14, 2004 | 842 |
| -22.31% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 4, 2020 | 116 |
| -20.59% | Jul 21, 1998 | 58 | Oct 8, 1998 | 64 | Jan 6, 1999 | 122 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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