‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.
Putnam Capital Manager
Putnam Core Equity Subaccount
The subaccount seeks capital appreciation.
Fund description
The subaccount invests in stocks of U.S companies of all sizes. The subaccount is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.
Sales story
Seeking opportunities across a wide range of stocks"Go anywhere" approach The fund invests in stocks of U.S. companies of all sizes and has the flexibility to own both growth and value stocks.A disciplined process The portfolio managers use a disciplined, fundamental investment process with three buckets of idea generation: legacy companies, smart-money indicators, and special situations.Research focus Backed by an Equity Research team, the portfolio managers use their stock-picking expertise to identify opportunities and manage risk.
Management team
- Gerard P. Sullivan (Investing since 1982)
- Arthur Yeager (Investing since 1984)
Lipper ranking ‡ as of 08/31/23
Category: Multi-Cap Core Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 9% | 6/74 |
| 1 yr. | 8% | 8/105 |
| 3 yrs. | 6% | 5/97 |
| 5 yrs. | 10% | 9/92 |
Risk Characteristics as of 08/31/23
| Alpha (%) | 3.82 |
| Beta | 0.99 |
| R squared | 0.98 |
| Standard deviation (3 yrs.) | 17.88 |
Quick facts as of 08/31/23
| Fiscal Year End | December |
| Asset Class | Putnam Capital Manager |
| Subaccount Status | Open to new investors |
| Number of issues | 100 |
| Turnover (fiscal year end) | 17% |
| Net Assets | $146M |
| Inception Date | 04/30/98 |
Holdings
| Apple | 7.66% |
| Microsoft Corp | 7.28% |
| Alphabet | 4.28% |
| Amazon.Com | 3.34% |
| Nvidia Corp | 2.61% |
| Berkshire Hathaway | 2.20% |
| Mastercard | 2.14% |
| Meta Platforms | 2.12% |
| Oracle Corp | 1.89% |
| Bank Of America Corp | 1.89% |
| Top 10 holdings, total: | 35.40% |
| Top 10 holdings as of 08/31/23 | |
|---|---|
| 1: Apple | 7.66% |
| 2: Microsoft Corp | 7.28% |
| 3: Alphabet | 4.28% |
| 4: Amazon.Com | 3.34% |
| 5: Nvidia Corp | 2.61% |
| 6: Berkshire Hathaway | 2.20% |
| 7: Mastercard | 2.14% |
| 8: Meta Platforms | 2.12% |
| 9: Oracle Corp | 1.89% |
| 10: Bank Of America Corp | 1.89% |
| Holdings represent 35.40% of portfolio | |
| Top 10 holdings as of 07/31/23 | |
|---|---|
| 1: Apple | 7.90% |
| 2: Microsoft Corp | 7.35% |
| 3: Alphabet | 4.08% |
| 4: Amazon.Com | 3.19% |
| 5: Nvidia Corp | 2.44% |
| 6: Meta Platforms | 2.25% |
| 7: Berkshire Hathaway | 2.12% |
| 8: Bank Of America Corp | 2.07% |
| 9: Mastercard | 2.01% |
| 10: UnitedHealth Group | 1.87% |
| Holdings represent 35.28% of portfolio | |
| Top 10 holdings as of 06/30/23 | |
|---|---|
| 1: Apple | 8.25% |
| 2: Microsoft Corp | 7.86% |
| 3: Alphabet | 3.80% |
| 4: Amazon.Com | 3.18% |
| 5: Nvidia Corp | 2.26% |
| 6: Berkshire Hathaway | 2.10% |
| 7: Meta Platforms | 2.07% |
| 8: Mastercard | 2.06% |
| 9: Oracle Corp | 2.02% |
| 10: Bank Of America Corp | 1.90% |
| Holdings represent 35.50% of portfolio | |
| Top 10 holdings as of 05/31/23 | |
|---|---|
| 1: Microsoft Corp | 8.05% |
| 2: Apple | 8.01% |
| 3: Alphabet | 4.11% |
| 4: Amazon.Com | 3.13% |
| 5: Nvidia Corp | 2.15% |
| 6: Berkshire Hathaway | 2.10% |
| 7: Meta Platforms | 2.03% |
| 8: Mastercard | 2.03% |
| 9: Bank Of America Corp | 1.96% |
| 10: UnitedHealth Group | 1.96% |
| Holdings represent 35.52% of portfolio | |
Portfolio Composition as of 08/31/23
| Common stock | 95.80% |
| Cash and net other assets | 4.20% |
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. 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, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.
Sector weightings as of 08/31/23
| Information technology | 27.89% |
|---|---|
| Financials | 12.62% |
| Health care | 12.19% |
| Consumer discretionary | 9.66% |
| Communication services | 8.52% |
| Industrials | 7.44% |
| Consumer staples | 6.60% |
| Cash and net other assets | 4.20% |
| Utilities | 2.91% |
| Other | 7.97% |
0