Putnam Dynamic Asset Allocation Balanced Fund Class A (PABAX)
| Fund Assets | 2.38B |
| Expense Ratio | 0.93% |
| Min. Investment | $500 |
| Turnover | 158.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 3.21% |
| Dividend Growth | -67.30% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 18.25 |
| YTD Return | 1.51% |
| 1-Year Return | -0.02% |
| 5-Year Return | 43.04% |
| 52-Week Low | 14.93 |
| 52-Week High | 18.71 |
| Beta (5Y) | 0.71 |
| Holdings | 2165 |
| Inception Date | Feb 7, 1994 |
About PABAX
Putnam Dynamic Asset Allocation Balanced Fund Class A is a multi-asset mutual fund designed to achieve total return by investing in a diversified mix of equities and fixed income securities. Managed by Putnam Funds since its inception in 1994, the fund typically allocates between 45% to 75% of assets to equities and 25% to 55% to bonds, enabling a balance between growth and income objectives. Its flexible approach allows managers to adjust allocations dynamically within set ranges in response to market conditions, while maintaining a baseline strategic allocation of approximately 60% equities and 40% fixed income. The fund holds a broad array of more than 2,200 securities, including U.S. large-cap stocks from sectors such as technology and government bonds, supporting diversification and risk management. With an expense ratio around 0.93%, quarterly dividend payouts, and a minimum investment requirement of $500, it serves investors seeking both capital appreciation and regular income. The fund’s role in the market is to provide moderate risk exposure through balanced asset allocation, making it suitable for those pursuing steady, long-term returns without extreme volatility.
Performance
PABAX had a total return of -0.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.42%.
Top 10 Holdings
35.96% of assets| Name | Symbol | Weight |
|---|---|---|
| Us 2yr Note (Cbt) Dec25 Tuz5 | n/a | 5.33% |
| NVIDIA Corporation | NVDA | 5.04% |
| Us 5yr Note (Cbt) Dec25 Fvz5 | n/a | 4.05% |
| Trs Usd Float Rcxtpgdl Usd Fixed 0% 2026-02-17 | n/a | 3.99% |
| Apple Inc. | AAPL | 3.95% |
| Microsoft Corporation | MSFT | 3.91% |
| Trs Usd Float Bcftdeal Usd Float Sofrrate 2026-10-23 | n/a | 2.98% |
| Amazon.com, Inc. | AMZN | 2.58% |
| Us Long Bond(Cbt) Dec25 Usz5 | n/a | 2.08% |
| Alphabet Inc. | GOOGL | 2.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.1424 | Dec 22, 2025 |
| Oct 20, 2025 | $0.1401 | Oct 20, 2025 |
| Jul 21, 2025 | $0.1529 | Jul 21, 2025 |
| Mar 20, 2025 | $0.149 | Mar 20, 2025 |
| Dec 18, 2024 | $1.562 | Dec 20, 2024 |
| Sep 18, 2024 | $0.075 | Sep 20, 2024 |