Franklin Dynamic Asset Allocation Conservative Fund Class A (PACAX)

Fund Assets	837.82M
Expense Ratio	0.96%
Min. Investment	$500
Turnover	243.00%
Dividend (ttm)	0.32
Dividend Yield	2.72%
Dividend Growth	-22.37%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 20, 2026

Previous Close	11.62
YTD Return	4.75%
1-Year Return	8.66%
5-Year Return	19.75%
52-Week Low	10.97
52-Week High	11.64
Beta (5Y)	0.34
Holdings	2310
Inception Date	Feb 7, 1994

About PACAX

Putnam Dynamic Asset Allocation Conservative Fund Class A is a mutual fund designed to achieve total return while prioritizing preservation of capital. As part of Putnam’s dynamic asset allocation series, this fund adopts a conservative approach, typically maintaining a strategic allocation of approximately 30% equities and 70% fixed income, though actual exposures may range from 15–45% in equities and 55–85% in fixed income depending on market conditions. The fund invests primarily in U.S. and foreign government and corporate bonds, mortgage-backed securities, and to a lesser extent, equities of companies across various sectors and regions. This diversified multi-asset strategy is tailored to seek consistent income and mitigate market volatility, making it suitable for investors with lower risk tolerance who seek stability and income generation. The fund actively manages its portfolio using both traditional securities and derivatives to adjust exposures and manage risks. By emphasizing capital preservation and income, it plays a key role in the market as a defensive option for individuals and institutions aiming to balance growth objectives with downside protection within a broader investment portfolio.

• Fund Family: Franklin Templeton
• Category: Allocation--15% to 30% Equity
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PACAX
• Share Class: Class A Shares
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

PACAX had a total return of 8.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.69%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FTIWX	Fidelity	Fidelity Advisor Asset Manager 20% I	0.51%
FTTNX	Fidelity	Fidelity Advisor Asset Manager 30% - Class M	1.02%
FCANX	Fidelity	Fidelity Advisor Asset Manager 30% - Class C	1.52%
FTAWX	Fidelity	Fidelity Advisor Asset Manager 20% A	0.76%
FIKWX	Fidelity	Fidelity Advisor Asset Manager 30% Z	0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PACYX	Class Y Shares	0.71%
PACRX	Class R Shares	1.21%
PACCX	Class C Shares	1.71%

Top 10 Holdings

26.82% of assets

Name	Symbol	Weight
Putnam Fds Tr	n/a	6.06%
NVIDIA Corporation	NVDA	3.29%
Apple Inc.	AAPL	3.23%
Federal National Mortgage Association 5%	FNCL.5 8.11	2.78%
Federal National Mortgage Association 2.5%	FNCL.2.5 8.11	2.67%
United States Treasury Bills 0%	B.0 12.10.26	2.39%
Microsoft Corporation	MSFT	2.29%
Amazon.com, Inc.	AMZN	1.60%
Alphabet Inc.	GOOGL	1.40%
Federal National Mortgage Association 2.5%	FNCI.2.5 8.12	1.11%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 20, 2026	$0.0558	Jul 20, 2026
Apr 20, 2026	$0.0424	Apr 20, 2026
Dec 22, 2025	$0.0979	Dec 22, 2025
Oct 20, 2025	$0.1201	Oct 20, 2025
Jul 21, 2025	$0.0953	Jul 21, 2025
Apr 21, 2025	$0.022	Apr 21, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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