Putnam Dynamic Asset Allocation Conservative Fund (PACAX)

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Putnam Dynamic Asset Allocation Conservative Fund (PACAX) is up 4.0% since the beginning of the year. PACAX is currently trading at $12 per share. Investors who bought $1,000 worth of PACAX shares 5 years ago would now be looking at an investment worth $1,227.

Putnam Dynamic Asset Allocation Conservative Fund (PACAX) has returned 3.96% so far this year and 12.24% over the past 12 months. Over the last ten years, PACAX has returned 5.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Feb 7, 1994, PACAX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +5.8%, while the worst month was Oct 2008 at -10.4%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PACAX closed higher 48% of trading days. The best single day was Dec 19, 2014 with a return of +7.2%, while the worst single day was Dec 18, 2014 at -5.4%.

Putnam Dynamic Asset Allocation Conservative Fund has an annualized alpha of 2.92%, beta of 0.28, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since February 08, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (39.92%) than losses (39.43%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.28 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

PACAX has a high expense ratio of 0.98%, indicating above-average management fees.

PACAX ranks 69 for risk / return — better than 69% 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 Conservative Fund (PACAX) and compare them to S&P 500 Index.

Putnam Dynamic Asset Allocation Conservative Fund provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Putnam Dynamic Asset Allocation Conservative 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 Conservative 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 Conservative Fund was 32.99%, occurring on Nov 20, 2008. Recovery took 322 trading sessions.

The chart below shows the rolling one-month volatility.