Putnam Dynamic Asset Allocation Bal A (PABAX)
| Fund Assets | 2.27B |
| Expense Ratio | 0.93% |
| Min. Investment | $500 |
| Turnover | 222.00% |
| Dividend (ttm) | 1.94 |
| Dividend Yield | 10.53% |
| Dividend Growth | 277.22% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jul 21, 2025 |
| Previous Close | 17.38 |
| YTD Return | 9.97% |
| 1-Year Return | 11.04% |
| 5-Year Return | 51.05% |
| 52-Week Low | 14.41 |
| 52-Week High | 18.04 |
| Beta (5Y) | 0.70 |
| Holdings | 2258 |
| 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 11.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.53%.
Top 10 Holdings
26.07% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 4.27% |
| Putnam Funds Trust - Putnam Short Term Investment Fund, Class P | n/a | 4.21% |
| Microsoft Corporation | MSFT | 3.98% |
| Apple Inc. | AAPL | 3.19% |
| Amazon.com, Inc. | AMZN | 2.80% |
| Meta Platforms, Inc. | META | 1.98% |
| FNMA or FHLMC - Uniform Mortgage-Backed Securities | FNCL.5 7.11 | 1.57% |
| FNMA or FHLMC - Uniform Mortgage-Backed Securities | FNCL.2.5 7.11 | 1.44% |
| Alphabet Inc. | GOOGL | 1.37% |
| Broadcom Inc. | AVGO | 1.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jun 17, 2024 | $0.075 | Jun 20, 2024 |
| Mar 18, 2024 | $0.075 | Mar 20, 2024 |