Investment objective & strategy
As of Sept. 25, 2025 · prospectusObjective. The fund seeks long-term growth.
Strategy. The fund invests mainly in common stocks (growth or value stocks or both and midsize companies worldwide. Under normal circumstances, the fund invests at least 80% of its net assets in common stocks. This policy may be changed only after 60 days notice to shareholders. The Investment Manager, as defined below, 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 investments. The Investment Manager may also consider other factors that it believes will cause the stock price to rise. While the Investment Manager typically allocate approximately 75% of the funds assets to investments in U.S. companies, and 25% … The fund invests mainly in common stocks (growth or value stocks or both and midsize companies worldwide. Under normal circumstances, the fund invests at least 80% of its net assets in common stocks. This policy may be changed only after 60 days notice to shareholders. The Investment Manager, as defined below, 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 investments. The Investment Manager may also consider other factors that it believes will cause the stock price to rise. While the Investment Manager typically allocate approximately 75% of the funds assets to investments in U.S. companies, and 25% of the funds assets to investments in international companies, these allocations may vary. The fund invests mainly in developed countries, but may invest in emerging markets. The fund may also use derivatives, such as certain foreign currency transactions, futures, options, warrants and swap contracts, for both hedging and non-hedging purposes. For example, the fund typically uses foreign currency forward contracts in connection with the funds investments in foreign securities in order to hedge the funds currency exposure relative to the funds benchmark index.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Putnam Government Money Market Fund, Class G | — | $20.22M | 7.95% |
| Putnam Short Term Investment Fund, Class P | — | $13.66M | 5.37% |
| NVIDIA CORP | — | $12.94M | 5.09% |
| APPLE INC | — | $11.45M | 4.50% |
| MICROSOFT CORP | — | $8.52M | 3.35% |
| ALPHABET INC CL A | — | $6.79M | 2.67% |
| AMAZON.COM INC | — | $6.61M | 2.60% |
| META PLATFORMS INC CL A | — | $5.14M | 2.02% |
| BROADCOM INC | — | $4.24M | 1.67% |
| TESLA INC | — | $3.29M | 1.29% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How 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 Dynamic Asset Allocation Growth Fund · PAEAX, PAEBX, PAECX, PASRX, PAGYX | 77% | 0.63% |
| Putnam Dynamic Asset Allocation Balanced Fund · PABAX, PABBX, AABCX, PAARX, PABYX | 67% | 0.55% |
| SA Franklin Allocation Moderately Aggressive Portfolio | 61% | 0.89% |
Advisers
| Firm | Role |
|---|---|
| Franklin Advisers, Inc. | Adviser |
| Franklin Templeton Investment Management Limited | Sub-adviser |
| Putnam Investment Management, LLC | Sub-adviser |
| The Putnam Advisory Company, LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
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