Putnam Dynamic Asset Allocation Conservative Fund Class A (PACAX)
| Fund Assets | 824.72M |
| Expense Ratio | 1.00% |
| Min. Investment | $500 |
| Turnover | 243.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 2.93% |
| Dividend Growth | -37.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 20, 2026 |
| Previous Close | 11.48 |
| YTD Return | 2.70% |
| 1-Year Return | 12.54% |
| 5-Year Return | 21.35% |
| 52-Week Low | 10.59 |
| 52-Week High | 11.48 |
| Beta (5Y) | n/a |
| Holdings | 2218 |
| 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.
Performance
PACAX had a total return of 12.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.68%.
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% - Class I | 0.52% |
| FTTNX | Fidelity | Fidelity Advisor Asset Manager 30% - Class M | 1.04% |
| FCANX | Fidelity | Fidelity Advisor Asset Manager 30% - Class C | 1.54% |
| FTAWX | Fidelity | Fidelity Advisor Asset Manager 20% - Class A | 0.77% |
| FIKWX | Fidelity | Fidelity Advisor Asset Manager 30% - Class Z | 0.48% |
Top 10 Holdings
36.90% of assets| Name | Symbol | Weight |
|---|---|---|
| Us 2yr Note (Cbt) Jun26 Tum6 | n/a | 9.36% |
| Us 5yr Note (Cbt) Jun26 Fvm6 | n/a | 5.37% |
| Us Long Bond(Cbt) Jun26 Usm6 | n/a | 3.49% |
| NVIDIA Corporation | NVDA | 3.20% |
| Federal National Mortgage Association 2.5% | FNCL.2.5 4.11 | 2.82% |
| Apple Inc. | AAPL | 2.71% |
| Federal National Mortgage Association 5% | FNCL.5 4.11 | 2.66% |
| Us Ultra Bond Cbt Jun26 Wnm6 | n/a | 2.51% |
| Us 10yr Note (Cbt)jun26 Tym6 | n/a | 2.48% |
| United States Treasury Bills 0% | B.0 07.16.26 | 2.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 20, 2025 | $0.076 | Mar 20, 2025 |