Putnam Dynamic Asset Allocation Fund Balanced A Shares: (MF: PABAX)
(NASDAQ Mutual Funds) As of May 3, 2024 08:00 PM ET
$16.09 USD
+0.13 (0.82%)
Fund Description
The fund was incepted in February 1994 and is managed by Putnam Management. The fund seeks total return. The fund has a strategic allocation whereby 60% of the fund's assets are invested in equity securities and 40% are invested in fixed income securities. The fund may invest 45-75% of its assets in equity securities and 25-55% of its assets in fixed income securities. The percentage of the allocation of the assets is decided by the on going economic conditions. The fund invests in a diversified portfolio of equity securities, including both growth and value stocks. The fixed income securities that the fund invests in include higher-yield, higher-risk debt investments that are rated below BBB or its equivalent by each nationally recognized securities rating agency, or are unrated investments that are of comparable quality. Dividends are distributed quarterly. Capital gains are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Putnam Dynamic Asset Alloc Bal A | PABAX | 5.75 | NA | 0.00 | 0.25 | 0.52 | 0.96 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Putnam Asset Alloc: Bal A | PABAX | 16.09 | 2/7/1994 | 0.43 | 20.39 | 5.53 | 7.89 |
| Putnam Asset Alloc: Bal B | PABBX | 16.20 | 2/7/1994 | 0.19 | 19.56 | 4.75 | 7.10 |
| Putnam Asset Alloc: Bal C | AABCX | 15.61 | 2/7/1994 | 0.26 | 19.48 | 4.74 | 7.10 |
| Putnam Asset Alloc: Bal R | PAARX | 16.03 | 2/7/1994 | 0.37 | 20.16 | 5.28 | 7.63 |
| Putnam Asset Alloc: Bal Y | PABYX | 16.26 | 10/26/1998 | 0.48 | 20.70 | 5.80 | 8.16 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Putnam Dynamic Asset Alloc Bal A | PABAX | 500 | 0 | 0 | Q |
Contact Information
| Family | Putnam Funds |
| Address | One Post Office Square Canton, MA 02109 |
| Phone | 800 225-1581 |