Putnam Hartford 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 09/30/17

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 26% 34/131
1 yr. 11% 19/185
3 yrs. 50% 88/178
5 yrs. 21% 34/165

Risk Characteristics as of 09/30/17

Alpha (%) -1.39
Beta 1.03
R squared 0.96
Standard deviation (3 yrs.) 10.47

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 09/30/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 173
Turnover (fiscal year end) 80%
Net Assets $49M
Inception Date 10/01/98

Holdings

Top 10 holdings as of 09/30/17

Apple 3.16%
Alphabet 2.96%
Microsoft Corp 2.92%
Amazon.Com 2.13%
Bank Of America Corp 2.04%
Facebook 2.01%
Home Depot The 1.80%
Johnson & Johnson 1.70%
Citigroup 1.63%
Comcast Corp 1.20%
Top 10 holdings, total: 21.55%

Equity Holdings as of 06/30/17

APPLE INC 3.44%
ALPHABET INC-CL A 3.05%
MICROSOFT CORP 2.85%
AMAZON.COM INC 2.33%
JPMORGAN CHASE & CO 1.96%
FACEBOOK INC-A 1.90%
JOHNSON & JOHNSON 1.77%
HOME DEPOT INC 1.64%
PEPSICO INC 1.63%
INVESCO LTD 1.43%
BANK OF AMERICA CORP 1.31%
COMCAST CORP-CLASS A 1.23%
AT&T INC 1.16%
VISA INC-CLASS A SHARES 1.09%
CHUBB LTD 1.03%
ALTRIA GROUP INC 0.99%
AMGEN INC 0.95%
BROADCOM LTD 0.93%
MERCK & CO. INC. 0.91%
INTERCONTINENTAL EXCHANGE IN 0.88%
CONOCOPHILLIPS 0.85%
KRAFT HEINZ CO/THE 0.83%
PRICELINE GROUP INC/THE 0.83%
UNITED TECHNOLOGIES CORP 0.83%
BECTON DICKINSON AND CO 0.82%
RAYTHEON COMPANY 0.82%
SHERWIN-WILLIAMS CO/THE 0.82%
WALGREENS BOOTS ALLIANCE INC 0.81%
NORTHROP GRUMMAN CORP 0.79%
ASSURED GUARANTY LTD 0.77%
TEXAS INSTRUMENTS INC 0.77%
CHARTER COMMUNICATIONS INC-A 0.76%
AMERICAN INTERNATIONAL GROUP 0.73%
JAZZ PHARMACEUTICALS PLC 0.73%
NORFOLK SOUTHERN CORP 0.73%
BIOGEN INC 0.72%
DOW CHEMICAL CO/THE 0.72%
GILEAD SCIENCES INC 0.70%
GOLDMAN SACHS GROUP INC 0.70%
DANAHER CORP 0.68%
DR PEPPER SNAPPLE GROUP INC 0.68%
QUALCOMM INC 0.68%
FORTIVE CORP 0.67%
DXC TECHNOLOGY CO 0.65%
SIEMENS AG 0.63%
CELGENE CORP 0.62%
ADOBE SYSTEMS INC 0.61%
COSTCO WHOLESALE CORP 0.61%
DOVER CORP 0.61%
APPLIED MATERIALS INC 0.60%
FORTUNE BRANDS HOME & SECURI 0.60%
JOHNSON CONTROLS INTERNATION 0.60%
ROCKWELL AUTOMATION INC 0.58%
EOG RESOURCES INC 0.57%
BOSTON SCIENTIFIC CORP 0.56%
CUMMINS INC 0.56%
EXELON CORP 0.56%
MASTERCARD INC - A 0.56%
NCSOFT CORP 0.56%
CONSTELLATION BRANDS INC-A 0.55%
ALIBABA GROUP HOLDING-SP ADR 0.54%
WASTE CONNECTIONS INC 0.54%
HILTON WORLDWIDE HOLDINGS IN 0.53%
PINNACLE FOODS INC 0.53%
PRUDENTIAL PLC 0.53%
KOMATSU LTD 0.52%
TJX COMPANIES INC 0.52%
W.R. GRACE & CO 0.52%
EXPEDIA INC 0.50%
HALLIBURTON CO 0.50%
CIGNA CORP 0.49%
COLGATE-PALMOLIVE CO 0.49%
KION GROUP AG 0.49%
MONDELEZ INTERNATIONAL INC-A 0.49%
AMERICAN ELECTRIC POWER 0.48%
DENTSPLY SIRONA INC 0.48%
WALT DISNEY CO/THE 0.48%
AMERICAN AIRLINES GROUP INC 0.47%
P G & E CORP 0.47%
UNITEDHEALTH GROUP INC 0.47%
WYNN RESORTS LTD 0.46%
KROGER CO 0.45%
REALPAGE INC 0.44%
ROYAL DUTCH SHELL PLC-A SHS 0.44%
YUM CHINA HOLDINGS INC 0.43%
AMERICAN TOWER CORP 0.42%
KKR & CO LP 0.42%
NRG ENERGY INC 0.42%
TENCENT HOLDINGS LTD 0.42%
FIDELITY NATIONAL INFO SERV 0.41%
QORVO INC 0.41%
AIRBUS SE 0.40%
BLACKROCK INC 0.40%
GAMING AND LEISURE PROPERTIE 0.40%
INVESTMENT TECHNOLOGY GROUP 0.40%
SUNCOR ENERGY INC 0.40%
CHENIERE ENERGY INC 0.39%
CVS HEALTH CORP 0.39%
HANESBRANDS INC 0.39%
INTUITIVE SURGICAL INC 0.39%
RESTAURANT BRANDS INTERN 0.38%
UBI SOFT ENTERTA 0.38%
VERIZON COMMUNICATIONS INC 0.38%
CAVIUM INC 0.37%
NIKE INC -CL B 0.37%
PENN NATIONAL GAMING INC 0.37%
CISCO SYSTEMS INC 0.35%
HUMANA INC 0.34%
O'REILLY AUTOMOTIVE INC 0.34%
IHS MARKIT LTD 0.33%
METLIFE INC 0.33%
REGENERON PHARMACEUTICALS 0.33%
WAL-MART STORES INC 0.33%
AGILENT TECHNOLOGIES INC 0.32%
LIVE NATION ENTERTAINMENT IN 0.32%
NEXTERA ENERGY INC 0.32%
ANADARKO PETROLEUM CORP 0.31%
PFIZER INC 0.31%
MOLSON COORS BREWING CO -B 0.30%
PIONEER NAT RES CO 0.30%
SCHWAB (CHARLES) CORP 0.30%
ALCOA CORP 0.29%
CENOVUS ENERGY INC 0.29%
DISH NETWORK CORP-A 0.28%
NOBLE ENERGY INC 0.28%
NXP SEMICONDUCTORS NV 0.28%
T-MOBILE US INC 0.28%
HAMILTON LANE INC-CLASS A 0.27%
EDGEWELL PERSONAL CARE CO 0.26%
ORACLE CORP 0.26%
SEALED AIR CORP 0.26%
AMEREN CORPORATION 0.25%
AMERICAN WATER WORKS CO INC 0.25%
CR BARD INC 0.25%
E*TRADE FINANCIAL CORPORATION 0.25%
LIMITED BRANDS INC 0.25%
BIOVERATIV INC 0.24%
EXXON MOBIL CORP 0.24%
SALESFORCE.COM INC 0.24%
BRISTOL-MYERS SQUIBB CO 0.23%
EVERBRIDGE INC 0.22%
GODADDY INC - CLASS A 0.22%
MONSTER BEVERAGE CORP 0.22%
STERICYCLE INC 0.22%
EDISON INTERNATIONAL 0.21%
HARTFORD FINANCIAL SVCS GRP 0.21%
HP INC 0.21%
CAMPBELL SOUP CO 0.20%
CF INDUSTRIES HOLDINGS INC 0.20%
SELECT ENERGY SERVICES INC-A 0.20%
SYNCHRONY FINANCIAL 0.20%
VULCAN MATERIALS CO 0.20%
MCKESSON CORP 0.19%
QEP RESOURCES INC 0.19%
ALBEMARLE CORP 0.18%
INSTRUCTURE INC 0.18%
SEVEN GENERATIONS ENERGY - A 0.18%
ILUKA RESOURCES LTD 0.17%
SCHLUMBERGER LTD 0.17%
CARDINAL HEALTH INC 0.16%
CALPINE CORP 0.15%
EXPRESS SCRIPTS HOLDING CO 0.14%
PLAINS ALL AMER PIPELINE LP 0.14%
ENCANA CORP 0.12%
EVONIK INDUSTRIES AG 0.12%
LYONDELLBASELL INDU-CL A 0.12%
TWENTY-FIRST CENTURY FOX-A 0.11%
WESTERN DIGITAL CORP 0.11%
AETNA INC 0.10%
COCA-COLA CO/THE 0.10%
MARATHON OIL CORP 0.10%
CONYERS PARK ACQUISIT - UNIT 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.08%
DELIVERY HERO HOLDIN P/P 0.07%
GORES HOLDINGS II INC 0.07%
KINDER MORGAN INC 0.06%
OPORTUN FIN CORP P/P 0.05%
OPORTUN FIN G-1 PFD CV P/P 0.05%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 06/30/17

APPLE INC 3.44%
ALPHABET INC-CL A 3.05%
MICROSOFT CORP 2.85%
AMAZON.COM INC 2.33%
JPMORGAN CHASE & CO 1.96%
FACEBOOK INC-A 1.90%
JOHNSON & JOHNSON 1.77%
SPDR S&P REGIONAL BANKING 1.75%
HOME DEPOT INC 1.64%
PEPSICO INC 1.63%
INVESCO LTD 1.43%
BANK OF AMERICA CORP 1.31%
COMCAST CORP-CLASS A 1.23%
AT&T INC 1.16%
VISA INC-CLASS A SHARES 1.09%
CHUBB LTD 1.03%
ALTRIA GROUP INC 0.99%
AMGEN INC 0.95%
BROADCOM LTD 0.93%
MERCK & CO. INC. 0.91%
INTERCONTINENTAL EXCHANGE IN 0.88%
CONOCOPHILLIPS 0.85%
KRAFT HEINZ CO/THE 0.83%
PRICELINE GROUP INC/THE 0.83%
UNITED TECHNOLOGIES CORP 0.83%
BECTON DICKINSON AND CO 0.82%
RAYTHEON COMPANY 0.82%
SHERWIN-WILLIAMS CO/THE 0.82%
WALGREENS BOOTS ALLIANCE INC 0.81%
NORTHROP GRUMMAN CORP 0.79%
ASSURED GUARANTY LTD 0.77%
TEXAS INSTRUMENTS INC 0.77%
CHARTER COMMUNICATIONS INC-A 0.76%
AMERICAN INTERNATIONAL GROUP 0.73%
JAZZ PHARMACEUTICALS PLC 0.73%
NORFOLK SOUTHERN CORP 0.73%
BIOGEN INC 0.72%
DOW CHEMICAL CO/THE 0.72%
GILEAD SCIENCES INC 0.70%
GOLDMAN SACHS GROUP INC 0.70%
DANAHER CORP 0.68%
DR PEPPER SNAPPLE GROUP INC 0.68%
QUALCOMM INC 0.68%
FORTIVE CORP 0.67%
DXC TECHNOLOGY CO 0.65%
SIEMENS AG 0.63%
CELGENE CORP 0.62%
ADOBE SYSTEMS INC 0.61%
COSTCO WHOLESALE CORP 0.61%
DOVER CORP 0.61%
APPLIED MATERIALS INC 0.60%
FORTUNE BRANDS HOME & SECURI 0.60%
JOHNSON CONTROLS INTERNATION 0.60%
ROCKWELL AUTOMATION INC 0.58%
EOG RESOURCES INC 0.57%
BOSTON SCIENTIFIC CORP 0.56%
CUMMINS INC 0.56%
EXELON CORP 0.56%
MASTERCARD INC - A 0.56%
NCSOFT CORP 0.56%
CONSTELLATION BRANDS INC-A 0.55%
ALIBABA GROUP HOLDING-SP ADR 0.54%
WASTE CONNECTIONS INC 0.54%
HILTON WORLDWIDE HOLDINGS IN 0.53%
PINNACLE FOODS INC 0.53%
PRUDENTIAL PLC 0.53%
KOMATSU LTD 0.52%
TJX COMPANIES INC 0.52%
W.R. GRACE & CO 0.52%
EXPEDIA INC 0.50%
HALLIBURTON CO 0.50%
CIGNA CORP 0.49%
COLGATE-PALMOLIVE CO 0.49%
KION GROUP AG 0.49%
MONDELEZ INTERNATIONAL INC-A 0.49%
AMERICAN ELECTRIC POWER 0.48%
DENTSPLY SIRONA INC 0.48%
WALT DISNEY CO/THE 0.48%
AMERICAN AIRLINES GROUP INC 0.47%
P G & E CORP 0.47%
UNITEDHEALTH GROUP INC 0.47%
WYNN RESORTS LTD 0.46%
KROGER CO 0.45%
REALPAGE INC 0.44%
ROYAL DUTCH SHELL PLC-A SHS 0.44%
YUM CHINA HOLDINGS INC 0.43%
AMERICAN TOWER CORP 0.42%
KKR & CO LP 0.42%
NRG ENERGY INC 0.42%
TENCENT HOLDINGS LTD 0.42%
FIDELITY NATIONAL INFO SERV 0.41%
QORVO INC 0.41%
AIRBUS SE 0.40%
BLACKROCK INC 0.40%
GAMING AND LEISURE PROPERTIE 0.40%
INVESTMENT TECHNOLOGY GROUP 0.40%
SUNCOR ENERGY INC 0.40%
CHENIERE ENERGY INC 0.39%
CVS HEALTH CORP 0.39%
HANESBRANDS INC 0.39%
INTUITIVE SURGICAL INC 0.39%
RESTAURANT BRANDS INTERN 0.38%
UBI SOFT ENTERTA 0.38%
VERIZON COMMUNICATIONS INC 0.38%
CAVIUM INC 0.37%
NIKE INC -CL B 0.37%
PENN NATIONAL GAMING INC 0.37%
CISCO SYSTEMS INC 0.35%
HUMANA INC 0.34%
O'REILLY AUTOMOTIVE INC 0.34%
IHS MARKIT LTD 0.33%
METLIFE INC 0.33%
REGENERON PHARMACEUTICALS 0.33%
WAL-MART STORES INC 0.33%
AGILENT TECHNOLOGIES INC 0.32%
LIVE NATION ENTERTAINMENT IN 0.32%
NEXTERA ENERGY INC 0.32%
ANADARKO PETROLEUM CORP 0.31%
PFIZER INC 0.31%
MOLSON COORS BREWING CO -B 0.30%
PIONEER NAT RES CO 0.30%
SCHWAB (CHARLES) CORP 0.30%
ALCOA CORP 0.29%
CENOVUS ENERGY INC 0.29%
DISH NETWORK CORP-A 0.28%
NOBLE ENERGY INC 0.28%
NXP SEMICONDUCTORS NV 0.28%
T-MOBILE US INC 0.28%
HAMILTON LANE INC-CLASS A 0.27%
EDGEWELL PERSONAL CARE CO 0.26%
ORACLE CORP 0.26%
SEALED AIR CORP 0.26%
AMEREN CORPORATION 0.25%
AMERICAN WATER WORKS CO INC 0.25%
CR BARD INC 0.25%
E*TRADE FINANCIAL CORPORATION 0.25%
LIMITED BRANDS INC 0.25%
BIOVERATIV INC 0.24%
EXXON MOBIL CORP 0.24%
SALESFORCE.COM INC 0.24%
BRISTOL-MYERS SQUIBB CO 0.23%
EVERBRIDGE INC 0.22%
GODADDY INC - CLASS A 0.22%
MONSTER BEVERAGE CORP 0.22%
STERICYCLE INC 0.22%
EDISON INTERNATIONAL 0.21%
HARTFORD FINANCIAL SVCS GRP 0.21%
HP INC 0.21%
CAMPBELL SOUP CO 0.20%
CF INDUSTRIES HOLDINGS INC 0.20%
SELECT ENERGY SERVICES INC-A 0.20%
SYNCHRONY FINANCIAL 0.20%
VULCAN MATERIALS CO 0.20%
MCKESSON CORP 0.19%
QEP RESOURCES INC 0.19%
ALBEMARLE CORP 0.18%
INSTRUCTURE INC 0.18%
SEVEN GENERATIONS ENERGY - A 0.18%
ILUKA RESOURCES LTD 0.17%
SCHLUMBERGER LTD 0.17%
CARDINAL HEALTH INC 0.16%
CALPINE CORP 0.15%
EXPRESS SCRIPTS HOLDING CO 0.14%
PLAINS ALL AMER PIPELINE LP 0.14%
ENCANA CORP 0.12%
EVONIK INDUSTRIES AG 0.12%
LYONDELLBASELL INDU-CL A 0.12%
TWENTY-FIRST CENTURY FOX-A 0.11%
WESTERN DIGITAL CORP 0.11%
AETNA INC 0.10%
COCA-COLA CO/THE 0.10%
MARATHON OIL CORP 0.10%
CONYERS PARK ACQUISIT - UNIT 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.08%
DELIVERY HERO HOLDIN P/P 0.07%
GORES HOLDINGS II INC 0.07%
KOREAN WON CALL ACCOUNT 0.07%
KINDER MORGAN INC 0.06%
OPORTUN FIN CORP P/P 0.05%
OPORTUN FIN G-1 PFD CV P/P 0.05%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
CAD/USD 07/19/2017 BANKAM 0.00%
CAD/USD 07/19/2017 CITI 0.00%
CAD/USD 07/19/2017 JPMCB 0.00%
CHF/USD 09/20/2017 JPMCB 0.00%
EUR/USD 09/20/2017 GSFX 0.00%
EUR/USD 09/20/2017 HSBCB 0.00%
GBP/USD 09/20/2017 BANKAM 0.00%
GBP/USD 09/20/2017 SSBT 0.00%
ILS/USD 07/19/2017 SSBT 0.00%
JPY/USD 08/16/2017 GSFX 0.00%
NOK/USD 09/20/2017 JPMCB 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
GBP/USD 09/20/2017 JPMCB -0.01%
RU20INTR P USL1M R 12/15/20 GS -0.01%
S&P500 EMINI FUT SEP17 ESU7 -0.01%
EUR/USD 09/20/2017 CITI -0.02%

Prior top 10 holdings

Top 10 holdings as of 09/30/17
1: Apple 3.16%
2: Alphabet 2.96%
3: Microsoft Corp 2.92%
4: Amazon.Com 2.13%
5: Bank Of America Corp 2.04%
6: Facebook 2.01%
7: Home Depot The 1.80%
8: Johnson & Johnson 1.70%
9: Citigroup 1.63%
10: Comcast Corp 1.20%
Holdings represent 21.55% of portfolio
Top 10 holdings as of 08/31/17
1: Apple 3.50%
2: Alphabet 3.12%
3: Microsoft Corp 3.08%
4: Amazon.Com 2.35%
5: Facebook 2.15%
6: Bank Of America Corp 1.85%
7: Johnson Johnson 1.76%
8: Home Depot The 1.73%
9: Citigroup 1.41%
10: Pepsico 1.37%
Holdings represent 22.32% of portfolio
Top 10 holdings as of 07/31/17
1: Apple 3.51%
2: Alphabet 3.07%
3: Microsoft Corp 2.97%
4: Amazon.Com 2.35%
5: Facebook 2.10%
6: Bank Of America Corp 1.79%
7: Johnson Johnson 1.76%
8: Home Depot The 1.58%
9: Pepsico 1.30%
10: Comcast Corp 1.27%
Holdings represent 21.70% of portfolio
Top 10 holdings as of 06/30/17
1: Apple 3.44%
2: Alphabet 3.05%
3: Microsoft Corp 2.85%
4: Amazon.Com 2.33%
5: JPMorgan Chase 1.96%
6: Facebook 1.90%
7: Johnson & Johnson 1.77%
8: Home Depot The 1.64%
9: Pepsico 1.63%
10: Invesco 1.43%
Holdings represent 22.00% of portfolio

Portfolio Composition as of 09/30/17

Common stock 97.90%
Cash and net other assets 1.92%
Convertible preferred stock 0.18%

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 09/30/17

Information technology 24.01%
Financials 14.33%
Health care 14.03%
Consumer discretionary 11.77%
Industrials 10.00%
Consumer staples 8.72%
Energy 6.02%
Materials 3.87%
Utilities 3.12%
 
Other
4.13%
Cash and net other assets 1.92%
Telecommunication services 1.34%
Real estate 0.87%