Putnam Dynamic Asset Allocation Conservative Fund (PACAX)
The investment seeks total return consistent with preservation of capital. The fund allocates 15% to 45% of its assets in equities and 55% to 85% in fixed income securities. It invests mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments. The fund also invests, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size.
Fund Info
US7464445045
746444504
Feb 6, 1994
$0
Large-Cap
Blend
Expense Ratio
PACAX has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Dynamic Asset Allocation Conservative Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam Dynamic Asset Allocation Conservative Fund had a return of 2.00% year-to-date (YTD) and 8.87% in the last 12 months. Over the past 10 years, Putnam Dynamic Asset Allocation Conservative Fund had an annualized return of 1.84%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam Dynamic Asset Allocation Conservative Fund did not perform as well as the benchmark.
PACAX
2.00%
1.22%
0.17%
8.87%
1.54%
1.84%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PACAX, 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 | 1.53% | 2.00% | |||||||||||
| 2024 | 0.81% | 1.10% | 2.15% | -2.74% | 2.76% | 1.54% | 1.90% | 1.96% | 1.29% | -2.06% | 2.69% | -3.78% | 7.63% |
| 2023 | 3.78% | -2.00% | 1.86% | 0.68% | -0.64% | 1.54% | 0.90% | -0.83% | -2.70% | -1.61% | 5.81% | 4.21% | 11.15% |
| 2022 | -2.90% | -1.57% | -1.05% | -5.18% | 0.51% | -4.58% | 4.06% | -2.59% | -5.45% | 1.20% | 4.01% | -5.80% | -18.26% |
| 2021 | -0.57% | -0.06% | 0.46% | 2.04% | 0.89% | 1.56% | 0.95% | 0.86% | -2.13% | 1.21% | -0.56% | -2.00% | 2.57% |
| 2020 | 1.00% | -1.47% | -4.84% | 4.49% | 1.96% | 1.28% | 2.73% | 1.19% | -1.28% | -1.48% | 4.75% | -0.40% | 7.78% |
| 2019 | 3.79% | 0.96% | 1.15% | 1.14% | -1.43% | 2.97% | 0.36% | 0.46% | 0.18% | 0.55% | 0.55% | 0.36% | 11.50% |
| 2018 | 0.69% | -2.40% | -0.41% | 0.24% | 0.90% | -0.32% | 1.19% | 0.71% | 0.06% | -3.44% | 0.07% | -4.72% | -7.35% |
| 2017 | 0.72% | 1.58% | 0.12% | 1.08% | 0.88% | 0.05% | 1.09% | 0.80% | 0.51% | 0.79% | 0.98% | 0.05% | 8.97% |
| 2016 | -1.54% | -0.35% | 2.72% | 0.56% | 0.56% | 0.56% | 2.13% | -0.04% | 0.16% | -1.20% | -0.06% | 0.53% | 4.03% |
| 2015 | 1.08% | 1.54% | 0.05% | -0.13% | 0.42% | -1.50% | 1.08% | -2.52% | -1.08% | 2.93% | -0.04% | -6.75% | -5.13% |
| 2014 | 0.05% | 2.10% | 0.32% | 0.41% | 1.51% | 0.95% | -0.93% | 2.04% | -1.19% | 1.40% | 1.38% | 0.49% | 8.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PACAX is 61, indicating average performance compared to other mutual funds on our website. Here’s 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 Conservative Fund (PACAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Dynamic Asset Allocation Conservative Fund provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.30 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 | $0.30 | $0.32 | $0.21 | $0.16 | $0.16 | $0.20 | $0.23 | $0.20 | $0.17 | $0.19 | $0.19 | $0.88 |
Dividend yield | 2.79% | 3.05% | 2.06% | 1.70% | 1.35% | 1.77% | 2.08% | 1.99% | 1.54% | 1.84% | 1.92% | 8.17% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.32 |
| 2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.19 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.71 | $0.88 |
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.
Worst Drawdowns
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 33.14%, occurring on Nov 20, 2008. Recovery took 325 trading sessions.
The current Putnam Dynamic Asset Allocation Conservative Fund drawdown is 4.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.14% | Nov 1, 2007 | 266 | Nov 20, 2008 | 325 | Mar 10, 2010 | 591 |
| -21.78% | Sep 3, 2021 | 332 | Dec 28, 2022 | — | — | — |
| -11.86% | Feb 18, 2020 | 24 | Mar 20, 2020 | 54 | Jun 8, 2020 | 78 |
| -11.85% | Apr 27, 2015 | 203 | Feb 11, 2016 | 329 | Jun 2, 2017 | 532 |
| -11.55% | Jul 21, 1998 | 58 | Oct 8, 1998 | 54 | Dec 23, 1998 | 112 |
Volatility
Volatility Chart
The current Putnam Dynamic Asset Allocation Conservative Fund volatility is 1.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.