Investment objective & strategy
As of Sept. 26, 2022 · prospectusObjective. Putnam Dynamic Risk Allocation Fund seeks total return. Total return is composed of capital appreciation and income.
Strategy. Investments The fund invests in a diversified set of asset classes. By investing in a broader set of asset classes than a traditional balanced fund, and by using leverage to increase the funds exposures to asset classes, we believe that the fund may achieve a higher total return than a traditional balanced fund with approximately the same amount of risk as a traditional balanced fund. Risk is measured by the volatility of the funds investment portfolio. The fund may invest without limit in U.S., international, and emerging markets equity securities (growth or value stocks or both) of companies of any size and fixed-income securities (including in below-investment-grade securities, which are sometimes referred to as junk bonds); mortgage- and asset-backed securities; … Investments The fund invests in a diversified set of asset classes. By investing in a broader set of asset classes than a traditional balanced fund, and by using leverage to increase the funds exposures to asset classes, we believe that the fund may achieve a higher total return than a traditional balanced fund with approximately the same amount of risk as a traditional balanced fund. Risk is measured by the volatility of the funds investment portfolio. The fund may invest without limit in U.S., international, and emerging markets equity securities (growth or value stocks or both) of companies of any size and fixed-income securities (including in below-investment-grade securities, which are sometimes referred to as junk bonds); mortgage- and asset-backed securities; inflation-protected securities; commodities; and real estate investment trusts
Top holdings
As of Nov. 30, 2022 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Putnam Short Term Investment Fund, Class P | — | $8.38M | 81.60% |
| WHEAT SEP 26 | WU6 | $1.91M | 18.65% |
| SWAPTION | — | $1.56M | 15.23% |
| ZCS BRL 14.0087 05/12/25-01/04/27 CME | XASH6 INDEX | $1.43M | 13.91% |
| SWAPTION | — | $1.37M | 13.35% |
| TSE TOPIX (Tokyo Price Index) Future | TPZ5 INDEX | $1.08M | 10.49% |
| SWAPTION | — | $830.85K | 8.09% |
| SOLD ZAR/BOUGHT USD | — | $585.08K | 5.70% |
| SOLD ZAR/BOUGHT USD | — | $580.06K | 5.65% |
| WORLDCLIMATE PARI MAR26 | ZRIZ26 | $494.95K | 4.82% |
Portfolio moves
Aug 31, 2022 → Nov 30, 2022How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Putnam VT Multi-Asset Absolute Return Fund | 28% | 0.95% |
| Putnam PanAgora Risk Parity Fund | 27% | 1.08% |
| Putnam Multi-Asset Absolute Return Fund | 22% | 0.29% |
Footnotes
- Net assets and holdings count as of November 30, 2022, from the fund's N-PORT filing.
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