PASRX

About PASRX

Putnam Dynamic Asset Allocation Growth Fund Class R is a multi-asset mutual fund designed to pursue long-term capital appreciation through an actively managed mix of equities and fixed income. The strategy typically emphasizes stocks, allocating a majority of assets to U.S. and international equities, with a flexible sleeve in investment-grade bonds and cash to manage risk and diversify return drivers. The fund employs tactical asset allocation, adjusting exposures across regions, sectors, and styles based on macroeconomic views and valuation signals, while underlying security selection is handled by Putnam’s specialized equity and fixed income teams. It targets investors seeking a growth-oriented core holding that integrates diversification and professional oversight within a single vehicle. The Class R share class is structured for retirement platforms, reflecting plan-based distribution features and expense arrangements. As part of Putnam’s Dynamic Asset Allocation suite, the Growth Fund sits at the higher-equity end of the range, positioning it to capture equity market upside while using fixed income and cash as ballast during periods of volatility.