Putnam Dynamic Asset Allocation Balanced Fund (PABAX)

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The chart shows the growth of an initial investment of $10,000 in Putnam Dynamic Asset Allocation Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Putnam Dynamic Asset Allocation Balanced Fund (PABAX) has returned -3.31% so far this year and 12.17% over the past 12 months. Over the last ten years, PABAX has returned 7.80% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 7, 1994, PABAX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, your investment would double in approximately 8.9 years.

Historically, 66% of months were positive and 34% were negative. The best month was Dec 1995 with a return of +14.0%, while the worst month was Oct 2008 at -14.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PABAX closed higher 52% of trading days. The best single day was Dec 20, 1995 with a return of +12.1%, while the worst single day was Dec 19, 2024 at -11.1%.

Putnam Dynamic Asset Allocation Balanced Fund has an annualized alpha of 2.26%, beta of 0.58, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since February 08, 1994.

• This fund participated in 70.13% of S&P 500 Index downside but only 69.14% of its upside — more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 2.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.58 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

PABAX has a high expense ratio of 0.94%, indicating above-average management fees.

PABAX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Balanced Fund (PABAX) and compare them to a chosen benchmark (S&P 500 Index).

Putnam Dynamic Asset Allocation Balanced Fund provided a 6.95% dividend yield over the last twelve months, with an annual payout of $1.14 per share.

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.

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.

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 45.92%, occurring on Nov 20, 2008. Recovery took 541 trading sessions.

The current Putnam Dynamic Asset Allocation Balanced Fund drawdown is 5.93%.

The chart below shows the rolling one-month volatility.