Putnam Capital Manager

Putnam Research Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in stocks representing the best ideas of Putnam's global equity research analysts. The portfolio typically consists of large, U.S. companies believed to be worth more than their current stock prices indicate. The fund is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.

Sales story

Seeking to capitalize on the expertise of Putnam's research teamA best-ideas fund: The fund represents the stock selections of Putnam's Global Equity Research Group, whose analysts cover more than 1,000 companies.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.A rigorous process: The fund's experienced managers use rigorous fundamental investment research to oversee the portfolio and manage risk.

Management team

Lipper ranking ‡ as of 02/29/20

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 12% 13/110
1 yr. 10% 14/153
3 yrs. 13% 19/146
5 yrs. 26% 36/141

Risk Characteristics as of 02/29/20

Alpha (%) 0.94
Beta 0.98
R squared 0.98
Standard deviation (3 yrs.) 12.88

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

‡ 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.

Quick facts as of 02/29/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 133
Turnover (fiscal year end) 77%
Net Assets $42M
Inception Date 10/01/98

Holdings

Microsoft Corp 5.43%
Amazon.Com 3.53%
Alphabet 3.41%
Apple 3.16%
Fidelity National Information Services 2.16%
Activision Blizzard 2.07%
Procter Gamble The 2.04%
Home Depot The 1.96%
Facebook 1.95%
Adobe 1.81%
Top 10 holdings, total: 27.52%


Top 10 holdings as of 02/29/20
1: Microsoft Corp 5.43%
2: Amazon.Com 3.53%
3: Alphabet 3.41%
4: Apple 3.16%
5: Fidelity National Information Services 2.16%
6: Activision Blizzard 2.07%
7: Procter Gamble The 2.04%
8: Home Depot The 1.96%
9: Facebook 1.95%
10: Adobe 1.81%
Holdings represent 27.52% of portfolio
Top 10 holdings as of 01/31/20
1: Microsoft Corp 5.12%
2: Alphabet 3.35%
3: Amazon.Com 3.31%
4: Apple 3.28%
5: Fidelity National Information Services 2.03%
6: Procter Gamble The 1.96%
7: Facebook 1.95%
8: Bank Of America Corp 1.89%
9: Home Depot The 1.88%
10: Activision Blizzard 1.71%
Holdings represent 26.48% of portfolio
Top 10 holdings as of 12/31/19
1: Microsoft Corp 4.73%
2: Apple 3.15%
3: Alphabet 3.02%
4: Amazon.Com 2.78%
5: Procter Gamble The 2.00%
6: Bp 1.97%
7: Bank Of America Corp 1.90%
8: Facebook 1.88%
9: Fidelity National Information Services 1.80%
10: Activision Blizzard 1.78%
Holdings represent 25.01% of portfolio
Top 10 holdings as of 11/30/19
1: Microsoft Corp 4.79%
2: Alphabet 3.00%
3: Apple 2.92%
4: Amazon.Com 2.76%
5: Procter Gamble The 1.99%
6: Facebook 1.88%
7: Bank Of America Corp 1.83%
8: Citigroup 1.69%
9: Coca-Cola The 1.68%
10: Activision Blizzard 1.67%
Holdings represent 24.21% of portfolio


Portfolio Composition as of 02/29/20

Common stock 98.51%
Cash and net other assets 1.49%

Portfolio allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

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.

Top Industry Sectors as of 02/29/20

Information technology 21.79%
Health care 13.45%
Financials 13.11%
Consumer discretionary 10.72%
Communication services 10.59%
Industrials 9.73%
Consumer staples 7.78%
Utilities 3.71%
Energy 3.56%
 
Other
5.56%
Materials 2.85%
Cash and net other assets 1.49%
Real estate 1.22%