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 01/31/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 15% 19/133
1 yr. 28% 52/185
3 yrs. 57% 100/176
5 yrs. 30% 49/165

Risk Characteristics as of 01/31/18

Alpha (%) -1.89
Beta 1.04
R squared 0.96
Standard deviation (3 yrs.) 10.58

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 01/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 174
Turnover (fiscal year end) 80%
Net Assets $52M
Inception Date 10/01/98

Holdings

Top 10 holdings as of 01/31/18

Microsoft Corp 3.35%
Apple 3.22%
Alphabet 3.03%
Amazon.Com 2.71%
Bank Of America Corp 2.38%
Facebook 1.85%
Home Depot The 1.64%
UnitedHealth Group 1.62%
Citigroup 1.41%
Nxp Semiconductors Nv 1.28%
Top 10 holdings, total: 22.49%

Equity Holdings as of 12/31/17

APPLE INC 3.40%
MICROSOFT CORP 3.15%
ALPHABET INC-CL A 2.94%
AMAZON.COM INC 2.38%
BANK OF AMERICA CORP 2.37%
FACEBOOK INC-A 1.90%
CITIGROUP INC 1.82%
UNITEDHEALTH GROUP INC 1.82%
HOME DEPOT INC 1.79%
PEPSICO INC 1.22%
BROADCOM LTD 1.20%
JPMORGAN CHASE & CO 1.16%
JOHNSON & JOHNSON 1.15%
VISA INC-CLASS A SHARES 1.13%
DOWDUPONT INC 1.12%
BOEING CO/THE 1.11%
NXP SEMICONDUCTORS NV 1.11%
EXXON MOBIL CORP 1.09%
AMGEN INC 1.07%
CHUBB LTD 1.06%
KRAFT HEINZ CO/THE 1.04%
GOLDMAN SACHS GROUP INC 1.03%
BECTON DICKINSON AND CO 1.02%
E*TRADE FINANCIAL CORPORATION 1.00%
CATERPILLAR INC 0.97%
TEXAS INSTRUMENTS INC 0.96%
DANAHER CORP 0.95%
HONEYWELL INTERNATIONAL INC 0.93%
PRUDENTIAL PLC 0.90%
AT&T INC 0.87%
RAYTHEON COMPANY 0.85%
BLACKROCK INC 0.84%
NCSOFT CORP 0.84%
QORVO INC 0.84%
VERTEX PHARMACEUTICALS INC 0.82%
SHERWIN-WILLIAMS CO/THE 0.80%
AMERICAN INTERNATIONAL GROUP 0.79%
JAZZ PHARMACEUTICALS PLC 0.79%
PRICELINE GROUP INC/THE 0.79%
CHARTER COMMUNICATIONS INC-A 0.78%
AMERICAN TOWER CORP 0.77%
BIOGEN INC 0.76%
MCCORMICK & CO-NON VTG SHRS 0.76%
REALPAGE INC 0.76%
GILEAD SCIENCES INC 0.73%
PHILIP MORRIS INTERNATIONAL 0.73%
COMCAST CORP-CLASS A 0.71%
NORFOLK SOUTHERN CORP 0.71%
NORTHROP GRUMMAN CORP 0.71%
SUNTRUST BANKS INC 0.71%
APPLIED MATERIALS INC 0.69%
COSTCO WHOLESALE CORP 0.68%
DENTSPLY SIRONA INC 0.68%
DXC TECHNOLOGY CO 0.68%
KKR & CO LP 0.68%
KROGER CO 0.65%
BOSTON SCIENTIFIC CORP 0.64%
CONOCOPHILLIPS 0.64%
ROPER TECHNOLOGIES INC 0.64%
ADOBE SYSTEMS INC 0.63%
DOVER CORP 0.61%
FORTIVE CORP 0.61%
MASTERCARD INC - A 0.60%
ASSURED GUARANTY LTD 0.59%
HILTON WORLDWIDE HOLDINGS IN 0.58%
MOLSON COORS BREWING CO -B 0.58%
ALIBABA GROUP HOLDING-SP ADR 0.57%
TOTAL SA 0.56%
TJX COMPANIES INC 0.55%
PINNACLE FOODS INC 0.53%
WYNN RESORTS LTD 0.53%
CONSTELLATION BRANDS INC-A 0.52%
INVESCO LTD 0.52%
PIONEER NAT RES CO 0.52%
WAL-MART STORES INC 0.52%
FORTUNE BRANDS HOME & SECURI 0.51%
TENCENT HOLDINGS LTD 0.51%
AMERICAN ELECTRIC POWER 0.50%
L3 TECHNOLOGIES INC 0.50%
W.R. GRACE & CO 0.50%
ABBVIE INC 0.49%
INTERCONTINENTAL EXCHANGE IN 0.49%
ROCKWELL AUTOMATION INC 0.49%
NEXTERA ENERGY INC 0.48%
ACTIVISION BLIZZARD INC 0.47%
KION GROUP AG 0.46%
CVS HEALTH CORP 0.45%
KOMATSU LTD 0.45%
ALCOA CORP 0.44%
EXPEDIA INC 0.44%
KIMBERLY-CLARK CORP 0.44%
MONDELEZ INTERNATIONAL INC-A 0.44%
CF INDUSTRIES HOLDINGS INC 0.43%
CHURCH & DWIGHT CO INC 0.43%
ORACLE CORP 0.43%
SUNCOR ENERGY INC 0.43%
EXELON CORP 0.42%
PFIZER INC 0.42%
MICRO FOCUS INTL-SPN ADR 0.41%
YUM CHINA HOLDINGS INC 0.40%
BAXTER INTERNATIONAL INC 0.39%
CHIPOTLE MEXICAN GRILL INC 0.39%
INTUITIVE SURGICAL INC 0.39%
O'REILLY AUTOMOTIVE INC 0.39%
WASTE CONNECTIONS INC 0.39%
KINDER MORGAN INC 0.38%
MERCK & CO. INC. 0.38%
INVESTMENT TECHNOLOGY GROUP 0.37%
GAMING AND LEISURE PROPERTIE 0.36%
NIKE INC -CL B 0.36%
EOG RESOURCES INC 0.35%
FIDELITY NATIONAL INFO SERV 0.35%
PAYPAL HOLDINGS INC 0.35%
LIVE NATION ENTERTAINMENT IN 0.34%
AGILENT TECHNOLOGIES INC 0.31%
RESTAURANT BRANDS INTERN 0.31%
VERIZON COMMUNICATIONS INC 0.31%
ANADARKO PETROLEUM CORP 0.30%
HANESBRANDS INC 0.29%
ILUKA RESOURCES LTD 0.29%
SALESFORCE.COM INC 0.29%
SOUTHERN CO/THE 0.29%
BRISTOL-MYERS SQUIBB CO 0.28%
CENOVUS ENERGY INC 0.28%
DOMINION ENERGY INC 0.28%
ORBOTECH LTD 0.28%
ALBEMARLE CORP 0.27%
AMEREN CORPORATION 0.27%
LIMITED BRANDS INC 0.27%
ENI SPA 0.26%
EVERBRIDGE INC 0.25%
GODADDY INC - CLASS A 0.24%
NOBLE ENERGY INC 0.22%
WALT DISNEY CO/THE 0.22%
DISH NETWORK CORP-A 0.20%
SEVEN GENERATIONS ENERGY - A 0.20%
INSTRUCTURE INC 0.19%
NRG ENERGY INC 0.19%
AMERICAN WATER WORKS CO INC 0.18%
TOTAL SYSTEM SERVICES INC 0.18%
EQT CORP 0.17%
ENCANA CORP 0.16%
MARATHON OIL CORP 0.15%
SELECT ENERGY SERVICES INC-A 0.15%
EDISON INTERNATIONAL 0.12%
MCKESSON CORP 0.12%
SOGOU INC-ADR 0.11%
AXALTA COATING SYSTEMS LTD 0.10%
EXPRESS SCRIPTS HOLDING CO 0.10%
DELIVERY HERO AG 0.09%
P G & E CORP 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.07%
WILLIAMS COS INC 0.07%
BRASKEM SA-SPON ADR 0.06%
CALYXT INC 0.05%
MYLAN NV 0.05%
TRONOX LTD-CL A 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
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 12/31/17

APPLE INC 3.40%
MICROSOFT CORP 3.15%
ALPHABET INC-CL A 2.94%
AMAZON.COM INC 2.38%
BANK OF AMERICA CORP 2.37%
FACEBOOK INC-A 1.90%
CITIGROUP INC 1.82%
UNITEDHEALTH GROUP INC 1.82%
HOME DEPOT INC 1.79%
PEPSICO INC 1.22%
BROADCOM LTD 1.20%
JPMORGAN CHASE & CO 1.16%
JOHNSON & JOHNSON 1.15%
VISA INC-CLASS A SHARES 1.13%
DOWDUPONT INC 1.12%
BOEING CO/THE 1.11%
NXP SEMICONDUCTORS NV 1.11%
EXXON MOBIL CORP 1.09%
AMGEN INC 1.07%
CHUBB LTD 1.06%
KRAFT HEINZ CO/THE 1.04%
GOLDMAN SACHS GROUP INC 1.03%
BECTON DICKINSON AND CO 1.02%
E*TRADE FINANCIAL CORPORATION 1.00%
CATERPILLAR INC 0.97%
TEXAS INSTRUMENTS INC 0.96%
DANAHER CORP 0.95%
HONEYWELL INTERNATIONAL INC 0.93%
PRUDENTIAL PLC 0.90%
AT&T INC 0.87%
RAYTHEON COMPANY 0.85%
BLACKROCK INC 0.84%
NCSOFT CORP 0.84%
QORVO INC 0.84%
VERTEX PHARMACEUTICALS INC 0.82%
SHERWIN-WILLIAMS CO/THE 0.80%
AMERICAN INTERNATIONAL GROUP 0.79%
JAZZ PHARMACEUTICALS PLC 0.79%
PRICELINE GROUP INC/THE 0.79%
CHARTER COMMUNICATIONS INC-A 0.78%
AMERICAN TOWER CORP 0.77%
BIOGEN INC 0.76%
MCCORMICK & CO-NON VTG SHRS 0.76%
REALPAGE INC 0.76%
GILEAD SCIENCES INC 0.73%
PHILIP MORRIS INTERNATIONAL 0.73%
COMCAST CORP-CLASS A 0.71%
NORFOLK SOUTHERN CORP 0.71%
NORTHROP GRUMMAN CORP 0.71%
SUNTRUST BANKS INC 0.71%
APPLIED MATERIALS INC 0.69%
COSTCO WHOLESALE CORP 0.68%
DENTSPLY SIRONA INC 0.68%
DXC TECHNOLOGY CO 0.68%
KKR & CO LP 0.68%
KROGER CO 0.65%
BOSTON SCIENTIFIC CORP 0.64%
CONOCOPHILLIPS 0.64%
ROPER TECHNOLOGIES INC 0.64%
ADOBE SYSTEMS INC 0.63%
DOVER CORP 0.61%
FORTIVE CORP 0.61%
MASTERCARD INC - A 0.60%
ASSURED GUARANTY LTD 0.59%
HILTON WORLDWIDE HOLDINGS IN 0.58%
MOLSON COORS BREWING CO -B 0.58%
ALIBABA GROUP HOLDING-SP ADR 0.57%
TOTAL SA 0.56%
TJX COMPANIES INC 0.55%
PINNACLE FOODS INC 0.53%
WYNN RESORTS LTD 0.53%
CONSTELLATION BRANDS INC-A 0.52%
INVESCO LTD 0.52%
PIONEER NAT RES CO 0.52%
WAL-MART STORES INC 0.52%
FORTUNE BRANDS HOME & SECURI 0.51%
TENCENT HOLDINGS LTD 0.51%
AMERICAN ELECTRIC POWER 0.50%
L3 TECHNOLOGIES INC 0.50%
W.R. GRACE & CO 0.50%
ABBVIE INC 0.49%
INTERCONTINENTAL EXCHANGE IN 0.49%
ROCKWELL AUTOMATION INC 0.49%
NEXTERA ENERGY INC 0.48%
ACTIVISION BLIZZARD INC 0.47%
KION GROUP AG 0.46%
CVS HEALTH CORP 0.45%
KOMATSU LTD 0.45%
ALCOA CORP 0.44%
EXPEDIA INC 0.44%
KIMBERLY-CLARK CORP 0.44%
MONDELEZ INTERNATIONAL INC-A 0.44%
CF INDUSTRIES HOLDINGS INC 0.43%
CHURCH & DWIGHT CO INC 0.43%
ORACLE CORP 0.43%
SUNCOR ENERGY INC 0.43%
EXELON CORP 0.42%
PFIZER INC 0.42%
MICRO FOCUS INTL-SPN ADR 0.41%
YUM CHINA HOLDINGS INC 0.40%
BAXTER INTERNATIONAL INC 0.39%
CHIPOTLE MEXICAN GRILL INC 0.39%
INTUITIVE SURGICAL INC 0.39%
O'REILLY AUTOMOTIVE INC 0.39%
WASTE CONNECTIONS INC 0.39%
KINDER MORGAN INC 0.38%
MERCK & CO. INC. 0.38%
INVESTMENT TECHNOLOGY GROUP 0.37%
GAMING AND LEISURE PROPERTIE 0.36%
NIKE INC -CL B 0.36%
EOG RESOURCES INC 0.35%
FIDELITY NATIONAL INFO SERV 0.35%
PAYPAL HOLDINGS INC 0.35%
LIVE NATION ENTERTAINMENT IN 0.34%
AGILENT TECHNOLOGIES INC 0.31%
RESTAURANT BRANDS INTERN 0.31%
VERIZON COMMUNICATIONS INC 0.31%
ANADARKO PETROLEUM CORP 0.30%
HANESBRANDS INC 0.29%
ILUKA RESOURCES LTD 0.29%
SALESFORCE.COM INC 0.29%
SOUTHERN CO/THE 0.29%
BRISTOL-MYERS SQUIBB CO 0.28%
CENOVUS ENERGY INC 0.28%
DOMINION ENERGY INC 0.28%
ORBOTECH LTD 0.28%
ALBEMARLE CORP 0.27%
AMEREN CORPORATION 0.27%
LIMITED BRANDS INC 0.27%
ENI SPA 0.26%
EVERBRIDGE INC 0.25%
GODADDY INC - CLASS A 0.24%
NOBLE ENERGY INC 0.22%
WALT DISNEY CO/THE 0.22%
DISH NETWORK CORP-A 0.20%
SEVEN GENERATIONS ENERGY - A 0.20%
INSTRUCTURE INC 0.19%
NRG ENERGY INC 0.19%
AMERICAN WATER WORKS CO INC 0.18%
TOTAL SYSTEM SERVICES INC 0.18%
EQT CORP 0.17%
ENCANA CORP 0.16%
MARATHON OIL CORP 0.15%
SELECT ENERGY SERVICES INC-A 0.15%
EDISON INTERNATIONAL 0.12%
MCKESSON CORP 0.12%
SOGOU INC-ADR 0.11%
AXALTA COATING SYSTEMS LTD 0.10%
EXPRESS SCRIPTS HOLDING CO 0.10%
DELIVERY HERO AG 0.09%
P G & E CORP 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.07%
WILLIAMS COS INC 0.07%
BRASKEM SA-SPON ADR 0.06%
CALYXT INC 0.05%
MYLAN NV 0.05%
TRONOX LTD-CL A 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
CAD/USD 01/17/2018 JPMCB 0.01%
GE 20180615 C 22.00CSI 0.01%
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%
AUD/USD 01/17/2018 GSFX 0.00%
CAD/USD 01/17/2018 BANKAM 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
EUR/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 HSBCB 0.00%
GBP/USD 03/21/2018 JPMCB 0.00%
ILS/USD 01/17/2018 SSBT 0.00%
JPY/USD 02/22/2018 GSFX 0.00%
NOK/USD 03/21/2018 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%
S&P500 EMINI FUT MAR18 ESH8 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
GE 20180615 C 24.00CSI -0.01%
RU20INTR P USL1M R 12/15/20 GS -2.35%

Prior top 10 holdings

Top 10 holdings as of 01/31/18
1: Microsoft Corp 3.35%
2: Apple 3.22%
3: Alphabet 3.03%
4: Amazon.Com 2.71%
5: Bank Of America Corp 2.38%
6: Facebook 1.85%
7: Home Depot The 1.64%
8: UnitedHealth Group 1.62%
9: Citigroup 1.41%
10: Nxp Semiconductors Nv 1.28%
Holdings represent 22.49% of portfolio
Top 10 holdings as of 12/31/17
1: Apple 3.40%
2: Microsoft Corp 3.15%
3: Alphabet 2.94%
4: Amazon.Com 2.38%
5: Bank Of America Corp 2.37%
6: Facebook 1.90%
7: Citigroup 1.82%
8: UnitedHealth Group 1.82%
9: Home Depot The 1.79%
10: Pepsico 1.22%
Holdings represent 22.79% of portfolio
Top 10 holdings as of 11/30/17
1: Apple 3.43%
2: Microsoft Corp 3.21%
3: Alphabet 2.88%
4: Amazon.Com 2.38%
5: Bank Of America Corp 2.22%
6: Facebook 1.90%
7: UnitedHealth Group 1.87%
8: Home Depot The 1.76%
9: Citigroup 1.76%
10: Johnson & Johnson 1.69%
Holdings represent 23.10% of portfolio
Top 10 holdings as of 10/31/17
1: Apple 3.42%
2: Microsoft Corp 3.21%
3: Alphabet 3.10%
4: Amazon.Com 2.41%
5: Bank Of America Corp 2.17%
6: Facebook 2.08%
7: Home Depot The 1.80%
8: Johnson Johnson 1.79%
9: Citigroup 1.63%
10: Kraft Heinz The 1.22%
Holdings represent 22.83% of portfolio

Portfolio Composition as of 01/31/18

Common stock 97.02%
Cash and net other assets 2.81%
Convertible preferred stock 0.17%

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 01/31/18

Information technology 24.99%
Financials 14.48%
Health care 13.24%
Consumer discretionary 11.70%
Industrials 9.89%
Consumer staples 8.31%
Energy 6.05%
Materials 3.73%
Cash and net other assets 2.81%
 
Other
4.80%
Utilities 2.37%
Telecommunication services 1.36%
Real estate 1.07%