# Portfolio overlap — PACAX vs TOK

Comparing **Putnam Dynamic Asset Allocation Conservative Fund** (2026-03-31) and **iShares MSCI Kokusai ETF** (2026-01-31).

- Shared positions: 379
- Putnam Dynamic Asset Allocation Conservative Fund covered by iShares MSCI Kokusai ETF: 0.3548499497684859774648806109
- iShares MSCI Kokusai ETF covered by Putnam Dynamic Asset Allocation Conservative Fund: 0.3548499497684859774648806108

## Putnam Dynamic Asset Allocation Conservative Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Putnam Short Term Investment Fund, Class P | 0.051928 |  |
| NVIDIA CORP | 0.028969 | ✓ |
| FNCL 2.5 4/26 | 0.025556 |  |
| APPLE INC | 0.024548 | ✓ |
| FNCL 5 4/26 | 0.024086 |  |
| U.S. Treasury Bills | 0.020688 |  |
| MICROSOFT CORP | 0.017362 | ✓ |
| AMAZON.COM INC | 0.014291 | ✓ |
| ALPHABET INC CL A | 0.013625 | ✓ |
| Uniform Mortgage-Backed Security, TBA | 0.010566 |  |
| META PLATFORMS INC CL A | 0.010258 | ✓ |
| BROADCOM INC | 0.008970 | ✓ |
| G2SF 3 4/26 | 0.007987 |  |
| ZAR/USD FORWARD | 0.007984 |  |
| TESLA INC | 0.006751 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.006688 |  |
| CITIGROUP INC | 0.006678 | ✓ |
| MASTERCARD INC CL A | 0.006613 | ✓ |
| LILLY ELI and CO | 0.006572 | ✓ |
| Bank of Montreal | 0.006028 |  |
| FNCL 3.5 4/26 | 0.005946 |  |
| FNCL 4.5 4/26 | 0.005785 |  |
| Coca-Cola Co. (The) | 0.005587 |  |
| LAM RESEARCH CORP | 0.005432 | ✓ |
| Atlantic Asset Securitization LLC | 0.005178 |  |
| ALPHABET INC CL C | 0.004970 | ✓ |
| GOVERNMENT NATIONAL MORTGAGE CORPORATION | 0.004760 |  |
| Walmart, Inc. | 0.004746 |  |
| DNB Bank ASA | 0.004692 |  |
| TotalEnergies Capital SA | 0.004463 |  |
| Nestle Finance International Ltd. | 0.004456 |  |
| Royal Bank of Canada | 0.004443 |  |
| Westpac Banking Corp. | 0.004442 |  |
| Gotham Funding Corp. | 0.004435 |  |
| Toronto-Dominion Bank (The) | 0.004431 |  |
| GOLDMAN SACHS GROUP INC | 0.004387 | ✓ |
| CATERPILLAR INC | 0.004308 | ✓ |
| GE VERNOVA LLC | 0.004156 | ✓ |
| NETFLIX INC | 0.004021 | ✓ |
| PHILIP MORRIS INTL INC | 0.004008 | ✓ |
| ING US Funding LLC | 0.003966 |  |
| BofA Securities | 0.003888 |  |
| US DOLLARS | 0.003870 |  |
| G2 MA6820 | 0.003786 |  |
| MERCK & CO | 0.003775 | ✓ |
| US DOLLARS | 0.003753 |  |
| REGENERON PHARMACEUTICALS INC | 0.003653 | ✓ |
| EXXON MOBIL CORP | 0.003158 | ✓ |
| Putnam Government Money Market Fund, Class G | 0.003119 |  |
| AT&T INC | 0.003076 | ✓ |

## iShares MSCI Kokusai ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.057790 | ✓ |
| APPLE INC | 0.047915 | ✓ |
| MICROSOFT CORP | 0.037808 | ✓ |
| AMAZON.COM INC | 0.028580 | ✓ |
| ALPHABET INC CL A | 0.024464 | ✓ |
| ALPHABET INC CL C | 0.020586 | ✓ |
| META PLATFORMS INC CL A | 0.019344 | ✓ |
| BROADCOM INC | 0.018494 | ✓ |
| TESLA INC | 0.015136 | ✓ |
| JPMORGAN CHASE and CO | 0.010466 | ✓ |
| LILLY ELI and CO | 0.010381 | ✓ |
| BERKSHIRE HATH-B | 0.008242 | ✓ |
| EXXON MOBIL CORP | 0.007498 | ✓ |
| ASML Holding NV | 0.006912 | ✓ |
| JOHNSON&JOHNSON | 0.006817 | ✓ |
| VISA INC-CLASS A | 0.006803 | ✓ |
| WALMART INC | 0.006501 | ✓ |
| MICRON TECHNOLOGY INC | 0.005787 | ✓ |
| MASTERCARD INC CL A | 0.005715 | ✓ |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.005484 |  |
| COSTCO WHOLESALE CORP | 0.005184 | ✓ |
| ABBVIE INC | 0.004909 | ✓ |
| ADV MICRO DEVICE | 0.004794 | ✓ |
| HOME DEPOT INC | 0.004662 | ✓ |
| BANK OF AMERICA CORPORATION | 0.004647 | ✓ |
| PROCTER & GAMBLE | 0.004434 | ✓ |
| NETFLIX INC | 0.004404 | ✓ |
| CHEVRON CORP | 0.004221 | ✓ |
| PALANTIR TECHNOLOGIES INC | 0.004144 | ✓ |
| GENERAL ELECTRIC CO | 0.004035 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.003974 |  |
| CISCO SYSTEMS INC | 0.003852 | ✓ |
| CATERPILLAR INC | 0.003852 | ✓ |
| COCA-COLA CO/THE | 0.003812 | ✓ |
| HSBC HOLDINGS PL | 0.003754 | ✓ |
| LAM RESEARCH CORP | 0.003630 | ✓ |
| WELLS FARGO & CO | 0.003601 | ✓ |
| ASTRAZENECA PLC | 0.003595 | ✓ |
| INTL BUS MACH CORP | 0.003539 |  |
| GOLDMAN SACHS GROUP INC | 0.003525 | ✓ |
| Novartis AG (Registered) | 0.003514 | ✓ |
| PHILIP MORRIS INTL INC | 0.003494 | ✓ |
| ORACLE CORP | 0.003488 | ✓ |
| MERCK & CO | 0.003407 | ✓ |
| RTX CORP | 0.003335 | ✓ |
| UNITEDHEALTH GRP | 0.003217 | ✓ |
| APPLIED MATERIALS INC | 0.003207 | ✓ |
| NESTLE SA (REG) | 0.003041 | ✓ |
| ROYAL BANK OF CANADA | 0.002916 |  |
| SIEMENS AG-REG | 0.002841 | ✓ |


## Sources

- N-PORT (fund A) — accession `0002071691-26-012254` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/914209/000207169126012254/0002071691-26-012254-index.htm>
- N-PORT (fund B) — accession `0001410368-26-031719` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031719/0001410368-26-031719-index.htm>

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