Putnam Dynamic Asset Allocation Conservative Fund
Data updated: 2026-08-27
C000117948 — Putnam Dynamic Asset Allocation Conservative Fund. Total Return Allocation · $853.87M AUM. Holdings, fees, performance and SEC filings.
C000117948 Fund Overview
Putnam Dynamic Asset Allocation Conservative Fund is a US mutual fund managed by Putnam Asset Allocation Funds, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Asset Allocation Funds
- Category: Total Return Allocation
- Assets under management: $853.87M
- 1-year return: 10.3%
- SEC CIK: 0000914209
- SEC series ID: S000000779
- Share class ID: C000117948
C000117948 Investment Objective and Strategy
Putnam Dynamic Asset Allocation Conservative Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Asset Allocation Funds.
Investment objective
Putnam Dynamic Asset Allocation Conservative Fund seeks total return consistent with preservation of capital. Total return is composed of capital appreciation and income.
Principal investment strategy
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a funds performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below. Class Strategic Allocation Range Equity 30% 15-45% Fixed Income 70% 55-85% We invest mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments.
We also invest, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
C000117948 Holdings
Top 10 holdings of Putnam Dynamic Asset Allocation Conservative Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Short Term Investment Fund | 5.98% |
| NVIDIA Corp. | 3.20% |
| Apple, Inc. | 2.89% |
| FNMA or FHLMC | 2.87% |
| FNMA or FHLMC | 2.69% |
| United States of America | 2.19% |
| Microsoft Corp. | 1.76% |
| Amazon.com, Inc. | 1.59% |
| Alphabet, Inc. | 1.25% |
| FNMA or FHLMC | 1.11% |
C000117948 Portfolio Allocation
Asset-class allocation of Putnam Dynamic Asset Allocation Conservative Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 58.9% |
| Securitized | 19.9% |
| Fixed Income | 17.9% |
| Other | 6.0% |
| Cash & Equivalents | 4.9% |
| Loans | 0.9% |
| Derivatives | 0.1% |
C000117948 Performance
Total returns for C000117948 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.5% |
| 1 year | 10.3% |
| 3 years (annualised) | 10.5% |
| 5 years (annualised) | 4.3% |
C000117948 Risk Information
Risk metrics for C000117948, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
C000117948 Costs and Fees
C000117948 costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.64%
- Portfolio turnover: 243%
- Brokerage commissions: 5.01 bps of average net assets (SEC N-CEN)
C000117948 Cashflows
Over the 12 months to 2026-06, Putnam Dynamic Asset Allocation Conservative Fund had net inflows of $246.97M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $11.60M |
| 2026-05 | −$192.15K |
| 2026-04 | −$4.05M |
| 2026-03 | $14.80M |
| 2026-02 | $203.37M |
| 2026-01 | −$683.18K |
C000117948 Debt Constituents
Largest debt holdings of Putnam Dynamic Asset Allocation Conservative Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Wells Fargo & Co. | 0.24% |
| JPMorgan Chase & Co. | 0.22% |
| Morgan Stanley | 0.20% |
| Bank of America Corp. | 0.20% |
| Goldman Sachs Group, Inc. (The) | 0.19% |
| Citigroup, Inc. | 0.16% |
| Banco Santander SA | 0.15% |
| Bank of America Corp. | 0.12% |
| Broadcom Corp. / Broadcom Cayman Finance Ltd. | 0.12% |
| Boeing Co. (The) | 0.10% |
C000117948 Prospectus and SEC Filings
Official Putnam Dynamic Asset Allocation Conservative Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2025-12-12
- Annual census (N-CEN) — filed 2024-12-12
Related Funds
Other Total Return Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.