0000928816-19-000252.txt : 20190213 0000928816-19-000252.hdr.sgml : 20190213 20190213080832 ACCESSION NUMBER: 0000928816-19-000252 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20190213 DATE AS OF CHANGE: 20190213 EFFECTIVENESS DATE: 20190213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0000914209 IRS NUMBER: 046746612 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-51017 FILM NUMBER: 19593383 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM LIFE STAGES ASSET ALLOCATION TRUST DATE OF NAME CHANGE: 19931027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0000914209 IRS NUMBER: 046746612 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07121 FILM NUMBER: 19593384 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM LIFE STAGES ASSET ALLOCATION TRUST DATE OF NAME CHANGE: 19931027 0000914209 S000000778 Putnam Dynamic Asset Allocation Balanced Fund C000002307 Class A shares PABAX C000002308 Class B shares PABBX C000002309 Class C shares AABCX C000002310 Class M shares PABMX C000002311 Class R shares PAARX C000002312 Class Y shares PABYX C000117945 Class R5 C000117946 Class R6 C000174661 Class P Shares 0000914209 S000000779 Putnam Dynamic Asset Allocation Conservative Fund C000002313 Class A shares PACAX C000002314 Class B shares PACBX C000002315 Class C shares PACCX C000002316 Class M shares PACMX C000002317 Class R shares PACRX C000002318 Class Y shares PACYX C000117947 Class R5 C000117948 Class R6 C000174662 Class P Shares 0000914209 S000000780 Putnam Dynamic Asset Allocation Growth Fund C000002319 Class A shares PAEAX C000002320 Class B shares PAEBX C000002321 Class C shares PAECX C000002322 Class M shares PAGMX C000002323 Class R shares PASRX C000002324 Class Y shares PAGYX C000117949 Class R5 C000117950 Class R6 C000174663 Class P Shares 485BPOS 1 a_daacover.htm PUTNAM DYNAMIC ASSET ALLOCATION FUNDS
As filed with the Securities and Exchange Commission on  
February 13, 2019  
 
Registration No. 33-51017 
  811-07121 
 
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  
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FORM N-1A  
  ---- 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  / X / 
  ---- 
  ---- 
Pre-Effective Amendment No.  /    / 
  ---- 
  ---- 
Post-Effective Amendment No. 42  / X / 
and/or  ---- 
  ---- 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY  / X / 
ACT OF 1940  ---- 
  ---- 
Amendment No. 43 / X / 
(Check appropriate box or boxes)  ---- 
---------------  
PUTNAM ASSET ALLOCATION FUNDS  
(Exact name of Registrant as Specified in Charter)  
 
100 Federal Street, Boston, Massachusetts 02110  
(Address of Principal Executive Offices) (Zip Code)  
 
Registrant's Telephone Number, including Area Code  
(617) 292-1000  
 
----------------------  

 



It is proposed that this filing will become effective 
 
  (check appropriate box) 
----   
/    /  immediately upon filing pursuant to paragraph (b) 
----   
----   
/ X /  on January 30, 2019 pursuant to paragraph (b) 
----   
----   
/    /  60 days after filing pursuant to paragraph (a)(1) 
----   
----   
/    /  on (date) pursuant to paragraph (a)(1) 
----   
----   
/    /  75 days after filing pursuant to paragraph (a)(2) 
----   
----   
/    /  on (date) pursuant to paragraph (a)(2) of Rule 485. 
----   
  If appropriate, check the following box: 
----   
/    /  this post-effective amendment designates a new 
----  effective date for a previously filed post-effective amendment. 
 
  -------------- 
  ROBERT T. BURNS, Vice President 
  PUTNAM ASSET ALLOCATION FUNDS 
 
  100 Federal Street 
  Boston, Massachusetts 02110 
  (Name and address of agent for service) 
  --------------- 
  Copy to: 
  BRYAN CHEGWIDDEN, Esquire 
  ROPES & GRAY LLP 
  1211 Avenue of the Americas 
  New York, New York 10036 
  ---------------------- 





PUTNAM ASSET ALLOCATION FUNDS

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and The Commonwealth of Massachusetts, on the 13th day of February, 2019.

 

Putnam Asset Allocation Funds

 

By: /s/ Jonathan S. Horwitz,
Executive Vice President, Principal Executive Officer and Compliance Liaison

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated:

 

 

 

 

Signature Title

 

Kenneth R. Leibler* Chair, Board of Trustees

 

Robert L. Reynolds* President and Trustee

 

Jonathan S. Horwitz* Executive Vice President, Principal Executive Officer and Compliance Liaison

 

Janet C. Smith* Vice President, Principal Financial Officer, Principal Accounting Officer and Assistant Treasurer

 

Liaquat Ahamed* Trustee

 

Ravi Akhoury* Trustee

 

Barbara M. Baumann* Trustee

 

Katinka Domotorffy* Trustee

 

Catharine Bond Hill* Trustee

 

Paul L. Joskow* Trustee

 

Robert E. Patterson* Trustee

 

George Putnam, III* Trustee

 

Manoj P. Singh* Trustee

 

By: /s/Jonathan S. Horwitz, as Attorney-in-Fact
February 13, 2019
* Signed pursuant to power of attorney filed in Post-
Effective Amendment No. 41 to the Registrant's
Registration Statement on January 25, 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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It is important to understand that you can lose money by investing in the fund. It is important to understand that you can lose money by investing in the fund. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Performance Performance The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. putnam.com putnam.com putnam.com Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. Annual total returns for class A shares before sales charges Annual total returns for class A shares before sales charges Annual total returns for class A shares before sales charges The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Best calendar quarter<br /> <b>Q2 2009</b>&#160;&#160;16.13% <br /><br />Worst calendar quarter<br /> <b>Q3 2011</b>&#160;&#160; &#8722;11.35% Best calendar quarter<br /> <b>Q2 2009</b>&#160;&#160;12.15% <br /><br />Worst calendar quarter<br /> <b>Q3 2011</b>&#160;&#160; &#8722;5.86% Best calendar quarter<br /> <b>Q2 2009</b>&#160;&#160; 19.54% <br /><br />Worst calendar quarter<br /> <b>Q3 2011</b>&#160;&#8722;16.16% Best calendar quarter Best calendar quarter Best calendar quarter Worst calendar quarter Worst calendar quarter Worst calendar quarter Average annual total returns after sales charges (for periods ended 12/31/18) Average annual total returns after sales charges (for periods ended 12/31/18) Average annual total returns after sales charges (for periods ended 12/31/18) After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. After-tax returns are shown for class A shares only and will vary for other classes. After-tax returns are shown for class A shares only and will vary for other classes. Putnam Dynamic Asset Allocation Balanced Fund seeks total return. Total return is composed of capital appreciation and income. Putnam Dynamic Asset Allocation Conservative Fund seeks total return consistent with preservation of capital. Total return is composed of capital appreciation and income. Putnam Dynamic Asset Allocation Growth Fund seeks capital appreciation. The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in <i>How do I buy fund shares?</i> beginning on page 27 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <i>How to buy shares</i> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in <i>How do I buy fund shares?</i> beginning on page 27 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <i>How to buy shares</i> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in <i>How do I buy fund shares?</i> beginning on page 27 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <i>How to buy shares</i> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI). You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI). You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI). 50000 50 50000 0.0575 0 0 0.0350 0 0 0 0 0 0.0575 0 0 0.0350 0 0 0 0 0 0.0575 0 0 0.0350 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0 0 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0052 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0020 0.0020 0.0020 0.0020 0.0006 0.0020 0.0020 0.0010 0.0020 0.0022 0.0022 0.0022 0.0022 0.0008 0.0022 0.0019 0.0012 0.0022 0.0023 0.0023 0.0023 0.0023 0.0007 0.0023 0.0021 0.0011 0.0023 0.0097 0.0172 0.0172 0.0147 0.0058 0.0122 0.0072 0.0062 0.0072 0.0099 0.0174 0.0174 0.0149 0.0060 0.0124 0.0071 0.0064 0.0074 0.0107 0.0182 0.0182 0.0157 0.0066 0.0132 0.0080 0.0070 0.0082 <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. 1696 1831 2030 2046 726 1477 894 774 894 1718 1853 2052 2067 750 1500 883 798 918 1806 1940 2137 2152 822 1590 990 871 1014 1080 1133 933 1125 324 670 401 346 401 1091 1144 944 1135 335 681 395 357 411 1131 1185 985 1175 368 723 444 390 455 866 842 542 799 186 387 230 199 230 872 848 548 805 192 393 227 205 237 896 873 573 828 211 418 255 224 262 668 675 275 494 59 124 74 63 74 670 677 277 496 61 126 73 65 76 678 685 285 504 67 134 82 72 84 1831 2030 1853 2052 1940 2137 933 933 944 944 985 985 542 542 548 548 573 573 175 175 177 177 185 185 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund&#8217;s turnover rate in the most recent fiscal year was 129%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund&#8217;s turnover rate in the most recent fiscal year was 166%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund&#8217;s turnover rate in the most recent fiscal year was 109%. 1.29 1.66 1.09 The Putnam Balanced Blended Benchmark is an unmanaged index administered by Putnam Management, 50% of which is the Russell 3000 Index, 35% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 10% of which is the MSCI EAFE Index (ND) and 5% of which is the JPMorgan Developed High Yield Index. The Putnam Conservative Blended Benchmark is an unmanaged index administered by Putnam Management, 65% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 25% of which is the Russell 3000 Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI EAFE Index (ND). The Putnam Growth Blended Benchmark is an unmanaged index administered by Putnam Management, 60% of which is the Russell 3000 Index, 15% of which is the MSCI EAFE Index (ND), 15% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI Emerging Markets Index (GD). Investments<br /> The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund&#8217;s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below. <table style="width: 90%"> <tr> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Class</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Strategic allocation</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Range</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Equity</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">60%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">45-75%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Fixed Income</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">40%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">25-55%</td></tr> </table> <br /> We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company&#8217;s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. Investments<br /> The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund&#8217;s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below. <table style="width: 90%"> <tr> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Class</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Strategic allocation</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Range</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Equity</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">30%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">15-45%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Fixed Income</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">70%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">55-85%</td></tr> </table> <br /> We invest mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We also invest, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size. We may consider, among other factors, a company&#8217;s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. Investments<br /> The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund&#8217;s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.<br /> <table style="width: 90%"><tr><td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Class</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Strategic allocation</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left; width: 33%">Range</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Equity</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">80%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">65-95%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Fixed Income</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">20%</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">5-35%</td></tr> </table> <br /> We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company&#8217;s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest, to a lesser extent, in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among asset classes may hurt performance. The value of investments in the fund&#8217;s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as &#8220;junk bonds&#8221;), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.<br /> <br /> The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among asset classes may hurt performance. The value of investments in the fund&#8217;s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as &#8220;junk bonds&#8221;), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.<br /> <br /> The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among asset classes may hurt performance. The value of investments in the fund&#8217;s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as &#8220;junk bonds&#8221;), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.<br /> <br /> The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 2009-06-30 2009-06-30 2009-06-30 0.1613 0.1215 0.1954 2011-09-30 2011-09-30 2011-09-30 -0.1135 -0.0586 -0.1616 The Putnam Balanced Blended Benchmark is an unmanaged index administered by Putnam Management, 50% of which is the Russell 3000 Index, 35% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 10% of which is the MSCI EAFE Index (ND) and 5% of which is the JPMorgan Developed High Yield Index.<br /> <br /> After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years. The Putnam Conservative Blended Benchmark is an unmanaged index administered by Putnam Management, 65% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 25% of which is the Russell 3000 Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI EAFE Index (ND).<br /> <br /> After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years. The Putnam Growth Blended Benchmark is an unmanaged index administered by Putnam Management, 60% of which is the Russell 3000 Index, 15% of which is the MSCI EAFE Index (ND), 15% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI Emerging Markets Index (GD).<br /> <br /> After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years. before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes before taxes 0.0943 0.0943 0.0926 0.0914 0.1040 0.0980 0.1037 0.1044 0.1037 0.0709 0.0711 0.0692 0.0681 0.0805 0.0751 0.0805 0.0810 0.0802 0.1014 0.1014 0.0996 0.0986 0.1111 0.1051 0.1108 0.1115 0.1107 0.0854 0.0796 0.1318 0.1055 0.0807 0.0737 0.0922 0.1318 0.0578 0.0530 0.0348 0.0662 0.0336 0.0348 0.0381 0.0334 0.0493 0.0432 0.0486 0.0497 0.0486 0.0227 0.0236 0.0271 0.0224 0.0380 0.0322 0.0378 0.0386 0.0374 0.0363 0.0380 0.0407 0.0360 0.0521 0.0460 0.0515 0.0524 0.0514 0.0124 0.0232 0.0791 0.0563 0.0172 0.0234 0.0524 0.0791 0.0078 0.0138 0.0252 0.0397 -0.1254 -0.1219 -0.0877 -0.1092 -0.0681 -0.0743 -0.0695 -0.0686 -0.0695 -0.1025 -0.1008 -0.0647 -0.0854 -0.0439 -0.0499 -0.0458 -0.0444 -0.0455 -0.1490 -0.1445 -0.1122 -0.1329 -0.0930 -0.0989 -0.0941 -0.0934 -0.0941 -0.1720 -0.0786 -0.0524 -0.0591 -0.1442 -0.0643 -0.0390 -0.0524 -0.1137 -0.0551 0.0001 -0.0192 <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000778Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000779Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PAEAX_S000000780Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Applies only to certain redemptions of shares bought with no initial sales charge. This charge is phased out over six years. This charge is eliminated after one year. Performance for class R5 and class R6 shares prior to their inception (7/2/12) and for class P shares prior to their inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5, class R6 and class P shares; had it, returns would have been higher. Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell(R) is a trademark of Frank Russell Company. EX-101.SCH 3 paeax-20190125.xsd XBRL SCHEMA FILE 00000003 - Document - Putnam Dynamic Asset Allocation Growth Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000004 - Document - Putnam Dynamic Asset Allocation Balanced Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000005 - Document - Putnam Dynamic Asset Allocation Conservative Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 paeax-20190125_def.xml XBRL DEFINITION FILE EX-101.LAB 5 paeax-20190125_lab.xml XBRL LABEL FILE Legal Entity [Axis] Putnam Dynamic Asset Allocation Balanced Fund Share Class [Axis] Class A Class B Class C Class M Class P Class R Class R5 Class R6 Class Y Putnam Dynamic Asset Allocation Conservative Fund Class A Class B Class C Class M Class P Class R Class R5 Class R6 Class Y Putnam Dynamic Asset Allocation Growth Fund Class A Class B Class C Class M Class P Class R Class R5 Class R6 Class Y Performance Measure [Axis] after taxes on distributions after taxes on distributions and sale of fund shares Russell 3000 Index (no deduction for fees, expenses or taxes) Putnam Growth Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND)) PutnamBalanced Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND)) Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes) Putnam Conservative Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND)) Prospectus: [Table] Prospectus [Line Items] Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption [Table] Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Bar Chart Narrative [Text Block] Bar Chart [Heading] Bar Chart [Table] Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance [Table] Market Index Performance [Table] Performance Table Footnotes Performance Table Closing [Text Block] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Column [Text] Management fees) Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired Fund Fees and Expenses Total annual fund operating expenses Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Expense Example, By Year, Column [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Putnam Balanced Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND)) Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money 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Putnam Dynamic Asset Allocation Growth Fund
Fund Summary
Goal
Putnam Dynamic Asset Allocation Growth Fund seeks capital appreciation.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Shareholder Fees - Putnam Dynamic Asset Allocation Growth Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none 3.50% none none none none none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 5.00% [2] 1.00% [3] none none none none none none
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over six years.
[3] This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Dynamic Asset Allocation Growth Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Management fees) 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75%   0.50%      
Other expenses 0.23% 0.23% 0.23% 0.23% 0.07% 0.23% 0.21% 0.11% 0.23%
Total annual fund operating expenses 1.07% 1.82% 1.82% 1.57% 0.66% 1.32% 0.80% 0.70% 0.82%
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Dynamic Asset Allocation Growth Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 678 896 1,131 1,806
Class B 685 873 1,185 1,940
Class C 285 573 985 2,137
Class M 504 828 1,175 2,152
Class P 67 211 368 822
Class R 134 418 723 1,590
Class R5 82 255 444 990
Class R6 72 224 390 871
Class Y 84 262 455 1,014
Expense Example, No Redemption - Putnam Dynamic Asset Allocation Growth Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 185 573 985 1,940
Class C 185 573 985 2,137
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 109%.
Investments, risks, and performance
Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 80% 65-95%
Fixed Income 20% 5-35%

We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest, to a lesser extent, in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risks
It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Bar Chart
Best calendar quarter
Q2 2009   19.54%

Worst calendar quarter
Q3 2011 −16.16%
Average annual total returns after sales charges (for periods ended 12/31/18)
Average Annual Total Returns - Putnam Dynamic Asset Allocation Growth Fund
Label
1 Year
5 Years
10 Years
Class A before taxes (14.90%) 3.63% 10.14%
Class A | after taxes on distributions   (17.20%) 1.24% 8.54%
Class A | after taxes on distributions and sale of fund shares   (7.86%) 2.32% 7.96%
Class B before taxes (14.45%) 3.80% 10.14%
Class C before taxes (11.22%) 4.07% 9.96%
Class M before taxes (13.29%) 3.60% 9.86%
Class P [1] before taxes (9.30%) 5.21% 11.11%
Class R before taxes (9.89%) 4.60% 10.51%
Class R5 [1] before taxes (9.41%) 5.15% 11.08%
Class R6 [1] before taxes (9.34%) 5.24% 11.15%
Class Y before taxes (9.41%) 5.14% 11.07%
Russell 3000 Index (no deduction for fees, expenses or taxes) [2]   (5.24%) 7.91% 13.18%
Putnam Growth Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))   (5.91%) 5.63% 10.55%
[1] Performance for class R5 and class R6 shares prior to their inception (7/2/12) and for class P shares prior to their inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5, class R6 and class P shares; had it, returns would have been higher.
[2] Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell(R) is a trademark of Frank Russell Company.
The Putnam Growth Blended Benchmark is an unmanaged index administered by Putnam Management, 60% of which is the Russell 3000 Index, 15% of which is the MSCI EAFE Index (ND), 15% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI Emerging Markets Index (GD).

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
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Putnam Dynamic Asset Allocation Balanced Fund
Fund Summary
Goal
Putnam Dynamic Asset Allocation Balanced Fund seeks total return. Total return is composed of capital appreciation and income.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Shareholder Fees - Putnam Dynamic Asset Allocation Balanced Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none 3.50% none none none none none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 5.00% [2] 1.00% [3] none none none none none none
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over six years.
[3] This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Dynamic Asset Allocation Balanced Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Management fees) 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75%   0.50%      
Other expenses 0.20% 0.20% 0.20% 0.20% 0.06% 0.20% 0.20% 0.10% 0.20%
Total annual fund operating expenses 0.97% 1.72% 1.72% 1.47% 0.58% 1.22% 0.72% 0.62% 0.72%
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Dynamic Asset Allocation Balanced Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 668 866 1,080 1,696
Class B 675 842 1,133 1,831
Class C 275 542 933 2,030
Class M 494 799 1,125 2,046
Class P 59 186 324 726
Class R 124 387 670 1,477
Class R5 74 230 401 894
Class R6 63 199 346 774
Class Y 74 230 401 894
Expense Example, No Redemption - Putnam Dynamic Asset Allocation Balanced Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 175 542 933 1,831
Class C 175 542 933 2,030
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 129%.
Investments, risks, and performance
Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 60% 45-75%
Fixed Income 40% 25-55%

We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risks
It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Bar Chart
Best calendar quarter
Q2 2009  16.13%

Worst calendar quarter
Q3 2011   −11.35%
Average annual total returns after sales charges (for periods ended 12/31/18)
Average Annual Total Returns - Putnam Dynamic Asset Allocation Balanced Fund
Label
1 Year
5 Years
10 Years
Class A before taxes (12.54%) 3.36% 9.43%
Class A | after taxes on distributions   (14.42%) 1.72% 8.07%
Class A | after taxes on distributions and sale of fund shares   (6.43%) 2.34% 7.37%
Class B before taxes (12.19%) 3.48% 9.43%
Class C before taxes (8.77%) 3.81% 9.26%
Class M before taxes (10.92%) 3.34% 9.14%
Class P [1] before taxes (6.81%) 4.93% 10.40%
Class R before taxes (7.43%) 4.32% 9.80%
Class R5 [1] before taxes (6.95%) 4.86% 10.37%
Class R6 [1] before taxes (6.86%) 4.97% 10.44%
Class Y before taxes (6.95%) 4.86% 10.37%
Russell 3000 Index (no deduction for fees, expenses or taxes) [2]   (5.24%) 7.91% 13.18%
Putnam Balanced Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))   (3.90%) 5.24% 9.22%
[1] Performance for class R5 and class R6 shares prior to their inception (7/2/12) and for class P shares prior to their inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5, class R6 and class P shares; had it, returns would have been higher.
[2] Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell(R) is a trademark of Frank Russell Company.
The Putnam Balanced Blended Benchmark is an unmanaged index administered by Putnam Management, 50% of which is the Russell 3000 Index, 35% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 10% of which is the MSCI EAFE Index (ND) and 5% of which is the JPMorgan Developed High Yield Index.

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
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Putnam Dynamic Asset Allocation Conservative Fund
Fund Summary
Goal
Putnam Dynamic Asset Allocation Conservative Fund seeks total return consistent with preservation of capital. Total return is composed of capital appreciation and income.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Shareholder Fees - Putnam Dynamic Asset Allocation Conservative Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none 3.50% none none none none none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 5.00% [2] 1.00% [3] none none none none none none
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over six years.
[3] This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Dynamic Asset Allocation Conservative Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R5
Class R6
Class Y
Management fees) 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52% 0.52%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75%   0.50%      
Other expenses 0.22% 0.22% 0.22% 0.22% 0.08% 0.22% 0.19% 0.12% 0.22%
Total annual fund operating expenses 0.99% 1.74% 1.74% 1.49% 0.60% 1.24% 0.71% 0.64% 0.74%
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Dynamic Asset Allocation Conservative Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 670 872 1,091 1,718
Class B 677 848 1,144 1,853
Class C 277 548 944 2,052
Class M 496 805 1,135 2,067
Class P 61 192 335 750
Class R 126 393 681 1,500
Class R5 73 227 395 883
Class R6 65 205 357 798
Class Y 76 237 411 918
Expense Example, No Redemption - Putnam Dynamic Asset Allocation Conservative Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 177 548 944 1,853
Class C 177 548 944 2,052
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 166%.
Investments, risks, and performance
Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 30% 15-45%
Fixed Income 70% 55-85%

We invest mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We also invest, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risks
It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Bar Chart
Best calendar quarter
Q2 2009  12.15%

Worst calendar quarter
Q3 2011   −5.86%
Average annual total returns after sales charges (for periods ended 12/31/18)
Average Annual Total Returns - Putnam Dynamic Asset Allocation Conservative Fund
Label
1 Year
5 Years
10 Years
Class A before taxes (10.25%) 2.27% 7.09%
Class A | after taxes on distributions   (11.37%) 0.78% 5.78%
Class A | after taxes on distributions and sale of fund shares   (5.51%) 1.38% 5.30%
Class B before taxes (10.08%) 2.36% 7.11%
Class C before taxes (6.47%) 2.71% 6.92%
Class M before taxes (8.54%) 2.24% 6.81%
Class P [1] before taxes (4.39%) 3.80% 8.05%
Class R before taxes (4.99%) 3.22% 7.51%
Class R5 [1] before taxes (4.58%) 3.78% 8.05%
Class R6 [1] before taxes (4.44%) 3.86% 8.10%
Class Y before taxes (4.55%) 3.74% 8.02%
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)   0.01% 2.52% 3.48%
Putnam Conservative Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))   (1.92%) 3.97% 6.62%
[1] Performance for class R5 and class R6 shares prior to their inception (7/2/12) and for class P shares prior to their inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5, class R6 and class P shares; had it, returns would have been higher.
The Putnam Conservative Blended Benchmark is an unmanaged index administered by Putnam Management, 65% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 25% of which is the Russell 3000 Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI EAFE Index (ND).

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
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Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2018
Registrant Name dei_EntityRegistrantName PUTNAM ASSET ALLOCATION FUNDS
Central Index Key dei_EntityCentralIndexKey 0000914209
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol PAEAX
Document Creation Date dei_DocumentCreationDate Jan. 25, 2019
Document Effective Date dei_DocumentEffectiveDate Jan. 30, 2019
Prospectus Date rr_ProspectusDate Jan. 30, 2019
Putnam Dynamic Asset Allocation Growth Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Dynamic Asset Allocation Growth Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 109%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 109.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 80% 65-95%
Fixed Income 20% 5-35%

We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest, to a lesser extent, in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The Putnam Growth Blended Benchmark is an unmanaged index administered by Putnam Management, 60% of which is the Russell 3000 Index, 15% of which is the MSCI EAFE Index (ND), 15% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI Emerging Markets Index (GD).
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress putnam.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best calendar quarter
Q2 2009   19.54%

Worst calendar quarter
Q3 2011 −16.16%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.54%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.16%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ended 12/31/18)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock The Putnam Growth Blended Benchmark is an unmanaged index administered by Putnam Management, 60% of which is the Russell 3000 Index, 15% of which is the MSCI EAFE Index (ND), 15% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI Emerging Markets Index (GD).

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
Putnam Dynamic Asset Allocation Growth Fund | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees) rr_ManagementFeesOverAssets 0.59%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 1.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 678
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 896
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,131
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,806
Annual Return 2009 rr_AnnualReturn2009 36.88%
Annual Return 2010 rr_AnnualReturn2010 14.93%
Annual Return 2011 rr_AnnualReturn2011 (4.24%)
Annual Return 2012 rr_AnnualReturn2012 16.86%
Annual Return 2013 rr_AnnualReturn2013 24.83%
Annual Return 2014 rr_AnnualReturn2014 8.99%
Annual Return 2015 rr_AnnualReturn2015 (0.28%)
Annual Return 2016 rr_AnnualReturn2016 7.84%
Annual Return 2017 rr_AnnualReturn2017 19.85%
Annual Return 2018 rr_AnnualReturn2018 (9.71%)
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (14.90%)
5 Years rr_AverageAnnualReturnYear05 3.63%
10 Years rr_AverageAnnualReturnYear10 10.14%
Putnam Dynamic Asset Allocation Growth Fund | Class B  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 5.00% [2]
Management fees) rr_ManagementFeesOverAssets 0.59%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 685
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 873
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,185
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,940
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 185
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 573
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 985
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,940
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (14.45%)
5 Years rr_AverageAnnualReturnYear05 3.80%
10 Years rr_AverageAnnualReturnYear10 10.14%
Putnam Dynamic Asset Allocation Growth Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Management fees) rr_ManagementFeesOverAssets 0.59%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 285
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 573
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 985
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,137
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 185
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 573
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 985
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,137
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (11.22%)
5 Years rr_AverageAnnualReturnYear05 4.07%
10 Years rr_AverageAnnualReturnYear10 9.96%
Putnam Dynamic Asset Allocation Growth Fund | Class M  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 1.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 504
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 828
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,175
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,152
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (13.29%)
5 Years rr_AverageAnnualReturnYear05 3.60%
10 Years rr_AverageAnnualReturnYear10 9.86%
Putnam Dynamic Asset Allocation Growth Fund | Class P  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Other expenses rr_OtherExpensesOverAssets 0.07%
Total annual fund operating expenses rr_ExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 211
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 368
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 822
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (9.30%) [4]
5 Years rr_AverageAnnualReturnYear05 5.21% [4]
10 Years rr_AverageAnnualReturnYear10 11.11% [4]
Putnam Dynamic Asset Allocation Growth Fund | Class R  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 1.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 134
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 418
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 723
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,590
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (9.89%)
5 Years rr_AverageAnnualReturnYear05 4.60%
10 Years rr_AverageAnnualReturnYear10 10.51%
Putnam Dynamic Asset Allocation Growth Fund | Class R5  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Other expenses rr_OtherExpensesOverAssets 0.21%
Total annual fund operating expenses rr_ExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 255
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 990
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (9.41%) [4]
5 Years rr_AverageAnnualReturnYear05 5.15% [4]
10 Years rr_AverageAnnualReturnYear10 11.08% [4]
Putnam Dynamic Asset Allocation Growth Fund | Class R6  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Other expenses rr_OtherExpensesOverAssets 0.11%
Total annual fund operating expenses rr_ExpensesOverAssets 0.70%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 224
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 390
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 871
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (9.34%) [4]
5 Years rr_AverageAnnualReturnYear05 5.24% [4]
10 Years rr_AverageAnnualReturnYear10 11.15% [4]
Putnam Dynamic Asset Allocation Growth Fund | Class Y  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.59%
Other expenses rr_OtherExpensesOverAssets 0.23%
Total annual fund operating expenses rr_ExpensesOverAssets 0.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 84
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 262
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 455
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,014
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (9.41%)
5 Years rr_AverageAnnualReturnYear05 5.14%
10 Years rr_AverageAnnualReturnYear10 11.07%
Putnam Dynamic Asset Allocation Growth Fund | after taxes on distributions | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (17.20%)
5 Years rr_AverageAnnualReturnYear05 1.24%
10 Years rr_AverageAnnualReturnYear10 8.54%
Putnam Dynamic Asset Allocation Growth Fund | after taxes on distributions and sale of fund shares | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (7.86%)
5 Years rr_AverageAnnualReturnYear05 2.32%
10 Years rr_AverageAnnualReturnYear10 7.96%
Putnam Dynamic Asset Allocation Growth Fund | Russell 3000 Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.24%) [5]
5 Years rr_AverageAnnualReturnYear05 7.91% [5]
10 Years rr_AverageAnnualReturnYear10 13.18% [5]
Putnam Dynamic Asset Allocation Growth Fund | Putnam Growth Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.91%)
5 Years rr_AverageAnnualReturnYear05 5.63%
10 Years rr_AverageAnnualReturnYear10 10.55%
Putnam Dynamic Asset Allocation Balanced Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Dynamic Asset Allocation Balanced Fund seeks total return. Total return is composed of capital appreciation and income.
Expense [Heading] rr_ExpenseHeading Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 129%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 129.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 60% 45-75%
Fixed Income 40% 25-55%

We invest mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The Putnam Balanced Blended Benchmark is an unmanaged index administered by Putnam Management, 50% of which is the Russell 3000 Index, 35% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 10% of which is the MSCI EAFE Index (ND) and 5% of which is the JPMorgan Developed High Yield Index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress putnam.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best calendar quarter
Q2 2009  16.13%

Worst calendar quarter
Q3 2011   −11.35%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.13%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.35%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ended 12/31/18)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock The Putnam Balanced Blended Benchmark is an unmanaged index administered by Putnam Management, 50% of which is the Russell 3000 Index, 35% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 10% of which is the MSCI EAFE Index (ND) and 5% of which is the JPMorgan Developed High Yield Index.

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
Putnam Dynamic Asset Allocation Balanced Fund | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 0.97%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 668
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 866
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,080
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,696
Annual Return 2009 rr_AnnualReturn2009 35.20%
Annual Return 2010 rr_AnnualReturn2010 14.36%
Annual Return 2011 rr_AnnualReturn2011 (0.62%)
Annual Return 2012 rr_AnnualReturn2012 14.14%
Annual Return 2013 rr_AnnualReturn2013 19.00%
Annual Return 2014 rr_AnnualReturn2014 9.44%
Annual Return 2015 rr_AnnualReturn2015 0.30%
Annual Return 2016 rr_AnnualReturn2016 6.69%
Annual Return 2017 rr_AnnualReturn2017 15.18%
Annual Return 2018 rr_AnnualReturn2018 (7.21%)
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (12.54%)
5 Years rr_AverageAnnualReturnYear05 3.36%
10 Years rr_AverageAnnualReturnYear10 9.43%
Putnam Dynamic Asset Allocation Balanced Fund | Class B  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 5.00% [2]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 1.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 675
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 842
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,133
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,831
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 175
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 542
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 933
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,831
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (12.19%)
5 Years rr_AverageAnnualReturnYear05 3.48%
10 Years rr_AverageAnnualReturnYear10 9.43%
Putnam Dynamic Asset Allocation Balanced Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 1.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 275
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 542
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 933
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,030
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 175
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 542
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 933
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,030
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (8.77%)
5 Years rr_AverageAnnualReturnYear05 3.81%
10 Years rr_AverageAnnualReturnYear10 9.26%
Putnam Dynamic Asset Allocation Balanced Fund | Class M  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 1.47%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 494
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 799
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,125
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,046
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (10.92%)
5 Years rr_AverageAnnualReturnYear05 3.34%
10 Years rr_AverageAnnualReturnYear10 9.14%
Putnam Dynamic Asset Allocation Balanced Fund | Class P  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.06%
Total annual fund operating expenses rr_ExpensesOverAssets 0.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 186
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 324
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 726
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (6.81%) [4]
5 Years rr_AverageAnnualReturnYear05 4.93% [4]
10 Years rr_AverageAnnualReturnYear10 10.40% [4]
Putnam Dynamic Asset Allocation Balanced Fund | Class R  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 1.22%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 124
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 387
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 670
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,477
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (7.43%)
5 Years rr_AverageAnnualReturnYear05 4.32%
10 Years rr_AverageAnnualReturnYear10 9.80%
Putnam Dynamic Asset Allocation Balanced Fund | Class R5  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 0.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 230
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 401
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 894
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (6.95%) [4]
5 Years rr_AverageAnnualReturnYear05 4.86% [4]
10 Years rr_AverageAnnualReturnYear10 10.37% [4]
Putnam Dynamic Asset Allocation Balanced Fund | Class R6  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.10%
Total annual fund operating expenses rr_ExpensesOverAssets 0.62%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 63
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 199
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 346
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 774
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (6.86%) [4]
5 Years rr_AverageAnnualReturnYear05 4.97% [4]
10 Years rr_AverageAnnualReturnYear10 10.44% [4]
Putnam Dynamic Asset Allocation Balanced Fund | Class Y  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.20%
Total annual fund operating expenses rr_ExpensesOverAssets 0.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 230
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 401
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 894
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (6.95%)
5 Years rr_AverageAnnualReturnYear05 4.86%
10 Years rr_AverageAnnualReturnYear10 10.37%
Putnam Dynamic Asset Allocation Balanced Fund | after taxes on distributions | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (14.42%)
5 Years rr_AverageAnnualReturnYear05 1.72%
10 Years rr_AverageAnnualReturnYear10 8.07%
Putnam Dynamic Asset Allocation Balanced Fund | after taxes on distributions and sale of fund shares | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (6.43%)
5 Years rr_AverageAnnualReturnYear05 2.34%
10 Years rr_AverageAnnualReturnYear10 7.37%
Putnam Dynamic Asset Allocation Balanced Fund | Russell 3000 Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.24%) [5]
5 Years rr_AverageAnnualReturnYear05 7.91% [5]
10 Years rr_AverageAnnualReturnYear10 13.18% [5]
Putnam Dynamic Asset Allocation Balanced Fund | Putnam Balanced Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (3.90%)
5 Years rr_AverageAnnualReturnYear05 5.24%
10 Years rr_AverageAnnualReturnYear10 9.22%
Putnam Dynamic Asset Allocation Conservative Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Dynamic Asset Allocation Conservative Fund seeks total return consistent with preservation of capital. Total return is composed of capital appreciation and income.
Expense [Heading] rr_ExpenseHeading Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 166%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 166.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 27 of the fund's prospectus, in the Appendix to the fund's prospectus, and in How to buy shares beginning on page II-1 of the fund's statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock Investments
The fund is one of three Putnam Dynamic Asset Allocation Funds, each of which has a unique strategic, or typical, allocation between equity and fixed-income investments. Using qualitative analysis and quantitative techniques, we adjust portfolio allocations from time to time within a certain range for each fund to try to optimize a fund’s performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund are shown below.
Class Strategic allocation Range
Equity 30% 15-45%
Fixed Income 70% 55-85%

We invest mainly in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. We also invest, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign companies of any size. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We may also select other investments that do not fall within these asset classes. We typically use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock It is important to understand that you can lose money by investing in the fund.

Our allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds (sometimes referred to as “junk bonds”), which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The Putnam Conservative Blended Benchmark is an unmanaged index administered by Putnam Management, 65% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 25% of which is the Russell 3000 Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI EAFE Index (ND).
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress putnam.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best calendar quarter
Q2 2009  12.15%

Worst calendar quarter
Q3 2011   −5.86%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.15%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.86%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ended 12/31/18)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock The Putnam Conservative Blended Benchmark is an unmanaged index administered by Putnam Management, 65% of which is the Bloomberg Barclays U.S. Aggregate Bond Index, 25% of which is the Russell 3000 Index, 5% of which is the JPMorgan Developed High Yield Index and 5% of which is the MSCI EAFE Index (ND).

After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
Putnam Dynamic Asset Allocation Conservative Fund | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 670
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 872
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,091
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,718
Annual Return 2009 rr_AnnualReturn2009 30.47%
Annual Return 2010 rr_AnnualReturn2010 10.75%
Annual Return 2011 rr_AnnualReturn2011 1.47%
Annual Return 2012 rr_AnnualReturn2012 10.52%
Annual Return 2013 rr_AnnualReturn2013 9.42%
Annual Return 2014 rr_AnnualReturn2014 8.21%
Annual Return 2015 rr_AnnualReturn2015 0.36%
Annual Return 2016 rr_AnnualReturn2016 4.60%
Annual Return 2017 rr_AnnualReturn2017 9.72%
Annual Return 2018 rr_AnnualReturn2018 (4.78%)
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (10.25%)
5 Years rr_AverageAnnualReturnYear05 2.27%
10 Years rr_AverageAnnualReturnYear10 7.09%
Putnam Dynamic Asset Allocation Conservative Fund | Class B  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 5.00% [2]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 677
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 848
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,144
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,853
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 177
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 548
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 944
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,853
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (10.08%)
5 Years rr_AverageAnnualReturnYear05 2.36%
10 Years rr_AverageAnnualReturnYear10 7.11%
Putnam Dynamic Asset Allocation Conservative Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 277
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 548
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 944
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,052
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 177
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 548
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 944
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,052
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (6.47%)
5 Years rr_AverageAnnualReturnYear05 2.71%
10 Years rr_AverageAnnualReturnYear10 6.92%
Putnam Dynamic Asset Allocation Conservative Fund | Class M  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 496
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 805
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,135
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,067
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (8.54%)
5 Years rr_AverageAnnualReturnYear05 2.24%
10 Years rr_AverageAnnualReturnYear10 6.81%
Putnam Dynamic Asset Allocation Conservative Fund | Class P  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.08%
Total annual fund operating expenses rr_ExpensesOverAssets 0.60%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 61
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 192
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 335
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 750
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (4.39%) [4]
5 Years rr_AverageAnnualReturnYear05 3.80% [4]
10 Years rr_AverageAnnualReturnYear10 8.05% [4]
Putnam Dynamic Asset Allocation Conservative Fund | Class R  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.24%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 126
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 393
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 681
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,500
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (4.99%)
5 Years rr_AverageAnnualReturnYear05 3.22%
10 Years rr_AverageAnnualReturnYear10 7.51%
Putnam Dynamic Asset Allocation Conservative Fund | Class R5  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.19%
Total annual fund operating expenses rr_ExpensesOverAssets 0.71%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 73
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 227
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 395
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 883
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (4.58%) [4]
5 Years rr_AverageAnnualReturnYear05 3.78% [4]
10 Years rr_AverageAnnualReturnYear10 8.05% [4]
Putnam Dynamic Asset Allocation Conservative Fund | Class R6  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.12%
Total annual fund operating expenses rr_ExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 205
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 357
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 798
Label rr_AverageAnnualReturnLabel before taxes [4]
1 Year rr_AverageAnnualReturnYear01 (4.44%) [4]
5 Years rr_AverageAnnualReturnYear05 3.86% [4]
10 Years rr_AverageAnnualReturnYear10 8.10% [4]
Putnam Dynamic Asset Allocation Conservative Fund | Class Y  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees) rr_ManagementFeesOverAssets 0.52%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 237
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 411
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 918
Label rr_AverageAnnualReturnLabel before taxes
1 Year rr_AverageAnnualReturnYear01 (4.55%)
5 Years rr_AverageAnnualReturnYear05 3.74%
10 Years rr_AverageAnnualReturnYear10 8.02%
Putnam Dynamic Asset Allocation Conservative Fund | after taxes on distributions | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (11.37%)
5 Years rr_AverageAnnualReturnYear05 0.78%
10 Years rr_AverageAnnualReturnYear10 5.78%
Putnam Dynamic Asset Allocation Conservative Fund | after taxes on distributions and sale of fund shares | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.51%)
5 Years rr_AverageAnnualReturnYear05 1.38%
10 Years rr_AverageAnnualReturnYear10 5.30%
Putnam Dynamic Asset Allocation Conservative Fund | Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.01%
5 Years rr_AverageAnnualReturnYear05 2.52%
10 Years rr_AverageAnnualReturnYear10 3.48%
Putnam Dynamic Asset Allocation Conservative Fund | Putnam Conservative Blended Benchmark (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends in the case of the MSCI EAFE Index (ND))  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.92%)
5 Years rr_AverageAnnualReturnYear05 3.97%
10 Years rr_AverageAnnualReturnYear10 6.62%
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over six years.
[3] This charge is eliminated after one year.
[4] Performance for class R5 and class R6 shares prior to their inception (7/2/12) and for class P shares prior to their inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5, class R6 and class P shares; had it, returns would have been higher.
[5] Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell(R) is a trademark of Frank Russell Company.
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