- ISIN
- US7464441085
- CUSIP
- 746444108
- Issuer
- Putnam
- Inception Date
- Feb 7, 1994
- Category
- Diversified Portfolio
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PAEAX Performance Chart
Putnam Dynamic Asset Allocation Growth Fund (PAEAX) is up 10.4% since the beginning of the year. PAEAX is currently trading at $24 per share. Investors who bought $1,000 worth of PAEAX shares 5 years ago would now be looking at an investment worth $1,650.
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Returns By Period
Putnam Dynamic Asset Allocation Growth Fund (PAEAX) has returned 10.40% so far this year and 25.11% over the past 12 months. Over the last ten years, PAEAX has returned 11.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Putnam Dynamic Asset Allocation Growth Fund
- 1D
- 0.38%
- 1M
- 4.62%
- YTD
- 10.40%
- 6M
- 11.34%
- 1Y
- 25.11%
- 3Y*
- 19.86%
- 5Y*
- 10.53%
- 10Y*
- 11.21%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PAEAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 1994, PAEAX's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2009 with a return of +10.2%, while the worst month was Oct 2008 at -16.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PAEAX closed higher 52% of trading days. The best single day was Dec 19, 2014 with a return of +18.7%, while the worst single day was Dec 19, 2024 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.32% | 0.91% | -4.68% | 7.55% | 3.60% | 0.68% | 10.40% | ||||||
| 2025 | 2.88% | -2.40% | -1.90% | 0.47% | 4.84% | 4.12% | 0.86% | 2.50% | 3.18% | 1.43% | 0.44% | 0.89% | 18.45% |
| 2024 | 1.55% | 4.08% | 3.55% | -3.23% | 4.48% | 2.15% | 1.51% | 2.36% | 1.46% | -1.67% | 4.19% | -2.76% | 18.71% |
| 2023 | 5.89% | -1.93% | 2.03% | 0.97% | -0.30% | 4.86% | 2.57% | -1.67% | -3.29% | -2.17% | 8.03% | 4.76% | 20.78% |
| 2022 | -4.44% | -2.46% | 1.46% | -7.29% | 0.42% | -7.95% | 6.57% | -3.08% | -7.55% | 5.47% | 5.89% | -3.95% | -16.99% |
| 2021 | -0.16% | 2.33% | 2.38% | 3.74% | 1.27% | 1.93% | 0.66% | 2.35% | -3.85% | 3.86% | -1.65% | 2.91% | 16.63% |
Benchmark Metrics
Putnam Dynamic Asset Allocation Growth Fund has an annualized alpha of 1.91%, beta of 0.74, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since February 08, 1994.
- This fund participated in 85.71% of S&P 500 Index downside but only 85.25% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.91%
- Beta
- 0.74
- R²
- 0.79
- Upside Capture
- 85.25%
- Downside Capture
- 85.71%
Expense Ratio
PAEAX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PAEAX ranks 72 for risk / return — better than 72% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Dynamic Asset Allocation Growth Fund (PAEAX) and compare them to S&P 500 Index.
| PAEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.93 | +0.43 |
| Martin ratioReturn relative to average drawdown | 15.28 | 13.52 | +1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Putnam Dynamic Asset Allocation Growth Fund provided a 6.18% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.47 | $2.14 | $0.76 | $0.27 | $2.85 | $0.09 | $0.26 | $1.45 | $1.74 | $0.25 | $0.96 |
Dividend yield | 6.18% | 6.83% | 11.00% | 4.18% | 1.73% | 14.90% | 0.47% | 1.56% | 10.41% | 10.22% | 1.58% | 6.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Dynamic Asset Allocation Growth 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 | $2.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $2.85 |
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 Growth 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 Growth Fund was 53.25%, occurring on Mar 9, 2009. Recovery took 884 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.25%Mar 2009 | 1y 7mo | 3y 6mo | 5y 1moJul 2007 - Sep 2012 |
Dot-com crash2000–2002 | -38.41%Oct 2002 | 2y 6mo | 2y 3mo | 4y 10moMar 2000 - Feb 2005 |
COVID crash2020 | -28.57%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
1998 bear market1998 | -24.98%Oct 1998 | 2mo 19d | 3mo | 5mo 19dJul 1998 - Jan 1999 |
Bear market2022 | -23.30%Oct 2022 | 11mo 9d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
Drawdown Indicators
| PAEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -56.78% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -9.10% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.31% | -18.90% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -25.43% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | -33.92% | +5.35% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -10.72% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.97% | -0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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