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 12/31/19

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 11% 12/110
1 yr. 8% 12/153
3 yrs. 13% 18/144
5 yrs. 27% 37/140

Risk Characteristics as of 12/31/19

Alpha (%) 1.04
Beta 0.99
R squared 0.97
Standard deviation (3 yrs.) 11.93

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 12/31/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 140
Turnover (fiscal year end) 76%
Net Assets $48M
Inception Date 10/01/98

Holdings

Microsoft Corp 4.73%
Apple 3.15%
Alphabet 3.02%
Amazon.Com 2.78%
Procter Gamble The 2.00%
Bp 1.97%
Bank Of America Corp 1.90%
Facebook 1.88%
Fidelity National Information Services 1.80%
Activision Blizzard 1.78%
Top 10 holdings, total: 25.01%


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
Top 10 holdings as of 10/31/19
1: Microsoft Corp 4.63%
2: Alphabet 3.50%
3: Amazon.Com 3.11%
4: Apple 2.94%
5: Facebook 2.08%
6: Procter Gamble The 2.07%
7: Bank Of America Corp 1.83%
8: Home Depot The 1.78%
9: Coca-Cola The 1.75%
10: Activision Blizzard 1.74%
Holdings represent 25.43% of portfolio
Top 10 holdings as of 09/30/19
1: Microsoft Corp 4.56%
2: Alphabet 3.45%
3: Amazon.Com 3.09%
4: Apple 2.69%
5: Procter Gamble The 2.10%
6: Bank Of America Corp 1.99%
7: Facebook 1.96%
8: Home Depot 1.87%
9: Coca-Cola The 1.78%
10: Citigroup 1.59%
Holdings represent 25.08% of portfolio


Portfolio Composition as of 12/31/19

Common stock 98.56%
Cash and net other assets 1.44%

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 12/31/19

Information technology 20.32%
Financials 14.12%
Health care 13.21%
Communication services 11.25%
Consumer discretionary 10.82%
Industrials 9.42%
Consumer staples 7.30%
Energy 4.34%
Utilities 3.50%
 
Other
5.72%
Materials 3.09%
Cash and net other assets 1.44%
Real estate 1.19%