PAGYX

About PAGYX

Putnam Dynamic Asset Allocation Growth Fund Class Y is an actively managed mutual fund designed to pursue capital appreciation through a diversified, flexible mix of global equities and fixed income. The strategy typically allocates the majority of assets to stocks, with a policy range of roughly 65% to 95% in equities and 5% to 35% in bonds, allowing the manager to adjust exposures across market cycles. The portfolio invests in U.S. and international companies across market capitalizations and styles, complemented by fixed income holdings that may include government, corporate, and securitized debt. The fund employs a growth‑oriented risk posture within Putnam’s asset allocation suite, starting from a strategic baseline near 80% equity and 20% fixed income to balance return potential with diversification. This approach positions the fund as a core multi‑asset solution for investors seeking broad global equity participation with a measured bond allocation for risk management. Longstanding tenure since 1994 and an institutional share class expense profile support its role as a seasoned vehicle in the allocation—70% to 85% equity category.