PACAX Performance — Putnam Dynamic Asset Allocation Conservative Fund, CL A
Data updated: 2026-08-27
PACAX returned +4.32% year to date and +9.96% over one year to Jun 2026. Annualised returns are +10.20% over 3 years and +4.00% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $134, against $136 for the category, and to $110 over one year, against $112. Volatility over the past three years was 6.66% a year. In the 12 months to Jun 2026 the fund took in a net $247.0M, and assets reached $853.87M.
PACAX Growth of $100
What $100 invested in Putnam Dynamic Asset Allocation Conservative Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | PACAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $110 | $112 |
| 3 years (Jul 2023 – Jun 2026) | $134 | $136 |
| 5 years (Jul 2021 – Jun 2026) | $122 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $144 | $154 |
PACAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.32% |
| 1 year | +9.96% |
| 3 years (annualised) | +10.20% |
| 5 years (annualised) | +4.00% |
PACAX Annual Returns
Calendar-year total returns of Putnam Dynamic Asset Allocation Conservative Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.32% |
| 2025 | +10.85% |
| 2024 | +9.58% |
| 2023 | +11.15% |
| 2022 | −14.65% |
| 2021 | +5.66% |
| 2020 | +10.06% |
| 2019 (Jul–Dec) | +2.78% |
PACAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +1.1% | −2.6% | +2.8% | +1.4% | +0.7% | — | — | — | — | — | — |
| 2025 | −1.9% | +0.9% | +1.5% | +0.4% | +1.5% | +2.6% | +0.1% | +1.6% | +1.9% | +0.7% | +0.6% | +0.3% |
| 2024 | +2.1% | +1.1% | +0.8% | +1.6% | +2.8% | −2.7% | +1.3% | +2.0% | +1.9% | −2.0% | +2.7% | −2.1% |
| 2023 | +1.9% | −2.0% | +3.8% | +1.5% | −0.6% | +0.7% | −2.7% | −0.8% | +0.9% | +4.2% | +5.8% | −1.6% |
| 2022 | −1.1% | −1.6% | −2.9% | −4.6% | +0.5% | −5.1% | −5.3% | −2.6% | +4.1% | −1.6% | +4.0% | +1.1% |
| 2021 | +0.5% | −0.1% | −0.6% | +1.6% | +0.9% | +2.0% | −2.1% | +0.9% | +0.9% | +0.9% | −0.6% | +1.2% |
| 2020 | −4.8% | −1.5% | +1.0% | +1.3% | +2.0% | +4.5% | −1.3% | +1.2% | +2.7% | +1.7% | +4.8% | −1.5% |
| 2019 | — | — | — | — | — | — | +0.2% | +0.5% | +0.4% | +0.7% | +0.5% | +0.5% |
PACAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.66%
- 3-year Sharpe ratio: 0.86 (vs 4.5% risk-free rate)
- Best month: +5.81% (Nov 2023)
- Worst month: −2.73% (Jun 2024)
PACAX Fund Flows
Monthly money in and out of Putnam Dynamic Asset Allocation Conservative Fund, from SEC Form N-PORT.
- 12-month net flow: $247.0M
- 12-month gross sales (incl. reinvestments): $488.6M
- Sales ÷ redemptions: 2.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $27.8M | $16.2M | $11.6M |
| May 2026 | $19.4M | $19.6M | −$192K |
| Apr 2026 | $22.5M | $26.6M | −$4.1M |
| Mar 2026 | $30.5M | $15.7M | $14.8M |
| Feb 2026 | $288.6M | $85.2M | $203.4M |
| Jan 2026 | $13.1M | $13.8M | −$683K |
| Dec 2025 | $18.9M | $9.8M | $9.1M |
| Nov 2025 | $18.4M | $9.4M | $9.0M |
| Oct 2025 | $21.6M | $12.9M | $8.7M |
| Sep 2025 | $8.4M | $7.5M | $904K |
| Aug 2025 | $7.0M | $11.9M | −$4.9M |
| Jul 2025 | $12.3M | $13.1M | −$755K |
PACAX Assets Under Management
Net assets of Putnam Dynamic Asset Allocation Conservative Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $853.87M |
| 2026-03-31 | $809.44M |
| 2025-12-31 | $601.24M |
| 2025-09-30 | $582.78M |
| 2025-06-30 | $571.48M |
| 2025-03-31 | $567.39M |
| 2024-12-31 | $568.96M |
| 2024-09-30 | $584.81M |
| 2024-06-30 | $555.59M |
| 2024-03-31 | $554.65M |
| 2023-12-31 | $544.33M |
| 2023-09-30 | $527.24M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.