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 09/30/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 17% 20/122
1 yr. 43% 73/169
3 yrs. 28% 44/161
5 yrs. 25% 37/153

Risk Characteristics as of 09/30/18

Alpha (%) -0.55
Beta 0.99
R squared 0.96
Standard deviation (3 yrs.) 9.18

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 09/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 144
Turnover (fiscal year end) 94%
Net Assets $49M
Inception Date 10/01/98

Holdings

Top 10 holdings as of 09/30/18

Microsoft Corp 3.45%
Apple 3.43%
Amazon.Com 3.35%
Alphabet 3.28%
Bank Of America Corp 2.26%
Visa 1.98%
Citigroup 1.81%
Facebook 1.77%
Qualcomm 1.76%
Home Depot The 1.75%
Top 10 holdings, total: 24.84%

Equity Holdings as of 06/30/18

MICROSOFT CORP 3.19%
ALPHABET INC-CL A 3.07%
AMAZON.COM INC 3.04%
APPLE INC 3.02%
BANK OF AMERICA CORP 2.53%
FACEBOOK INC-A 2.23%
VISA INC-CLASS A SHARES 1.85%
HOME DEPOT INC 1.75%
CITIGROUP INC 1.74%
COCA-COLA CO/THE 1.53%
QUALCOMM INC 1.45%
HONEYWELL INTERNATIONAL INC 1.44%
ACTIVISION BLIZZARD INC 1.37%
DANAHER CORP 1.28%
DOWDUPONT INC 1.26%
GOLDMAN SACHS GROUP INC 1.24%
JPMORGAN CHASE & CO 1.22%
BECTON DICKINSON AND CO 1.21%
KKR & CO LP 1.21%
AT&T INC 1.17%
UNITEDHEALTH GROUP INC 1.15%
EMERSON ELECTRIC CO 1.14%
BP PLC 1.12%
VERIZON COMMUNICATIONS INC 1.11%
GENERAL MOTORS CO 1.09%
DXC TECHNOLOGY CO 1.08%
BOEING CO/THE 1.07%
PRUDENTIAL PLC 1.04%
GILEAD SCIENCES INC 1.02%
PROCTER & GAMBLE CO/THE 1.00%
MERCK & CO. INC. 0.98%
EXXON MOBIL CORP 0.97%
E*TRADE FINANCIAL CORPORATION 0.96%
APPLIED MATERIALS INC 0.93%
KINDER MORGAN INC 0.90%
PEPSICO INC 0.87%
TOTAL SA 0.86%
RAYTHEON COMPANY 0.85%
BOOKING HOLDINGS INC 0.84%
FORTIVE CORP 0.83%
ON SEMICONDUCTOR CORP 0.83%
NORFOLK SOUTHERN CORP 0.80%
ROPER TECHNOLOGIES INC 0.79%
AMERICAN ELECTRIC POWER 0.77%
BLACKROCK INC 0.77%
BRISTOL-MYERS SQUIBB CO 0.77%
CENOVUS ENERGY INC 0.77%
JOHNSON & JOHNSON 0.76%
SHERWIN-WILLIAMS CO/THE 0.75%
CIGNA CORP 0.73%
BOSTON SCIENTIFIC CORP 0.70%
TEXTRON INC 0.70%
ASSURED GUARANTY LTD 0.68%
EXELON CORP 0.67%
WASTE CONNECTIONS INC 0.67%
CHARTER COMMUNICATIONS INC-A 0.66%
TEXAS INSTRUMENTS INC 0.66%
WALMART INC 0.66%
COSTCO WHOLESALE CORP 0.63%
ORACLE CORP 0.63%
NCSOFT CORP 0.61%
PFIZER INC 0.60%
MCCORMICK & CO-NON VTG SHRS 0.59%
AMGEN INC 0.57%
NRG ENERGY INC 0.56%
RAYMOND JAMES FINANCIAL INC 0.56%
INTEL CORP 0.55%
ALEXION PHARMACEUTICALS INC 0.53%
COMCAST CORP-CLASS A 0.53%
HILTON WORLDWIDE HOLDINGS IN 0.53%
NEXTERA ENERGY INC 0.53%
SALESFORCE.COM INC 0.53%
VERTEX PHARMACEUTICALS INC 0.53%
TJX COMPANIES INC 0.52%
AMERICAN INTERNATIONAL GROUP 0.50%
CHUBB LTD 0.49%
FMC CORP 0.49%
TENCENT HOLDINGS LTD 0.49%
KELLOGG CO 0.48%
NETEASE INC-ADR 0.47%
INTERCONTINENTAL EXCHANGE IN 0.46%
CHIPOTLE MEXICAN GRILL INC 0.45%
YELLOW CAKE PLC 144A 0.45%
CONOCOPHILLIPS 0.44%
GAMING AND LEISURE PROPERTIE 0.44%
BAXTER INTERNATIONAL INC 0.43%
INTUITIVE SURGICAL INC 0.43%
JAZZ PHARMACEUTICALS PLC 0.43%
ALIBABA GROUP HOLDING-SP ADR 0.42%
NXP SEMICONDUCTORS NV 0.42%
ANADARKO PETROLEUM CORP 0.41%
WYNN RESORTS LTD 0.41%
DOVER CORP 0.40%
FIDELITY NATIONAL INFO SERV 0.40%
WALGREENS BOOTS ALLIANCE INC 0.40%
YUM CHINA HOLDINGS INC 0.40%
CAIRN ENERGY PLC 0.39%
KROGER CO 0.39%
AMERICAN TOWER CORP 0.38%
DISH NETWORK CORP-A 0.37%
DOMINION ENERGY INC 0.36%
NOBLE ENERGY INC 0.36%
EVERBRIDGE INC 0.35%
METTLER-TOLEDO INTERNATIONAL 0.34%
DUKE ENERGY CORP 0.33%
O'REILLY AUTOMOTIVE INC 0.33%
SEVEN GENERATIONS ENERGY - A 0.32%
CHURCH & DWIGHT CO INC 0.30%
NIKE INC -CL B 0.29%
BALL CORP 0.28%
DEERE & CO 0.28%
SUMMIT MATERIALS INC -CL A 0.28%
ADVANCE AUTO PARTS 0.27%
GODADDY INC - CLASS A 0.27%
INVESCO LTD 0.27%
MCKESSON CORP 0.25%
WALT DISNEY CO/THE 0.25%
INVESTMENT TECHNOLOGY GROUP 0.24%
RESTAURANT BRANDS INTERN 0.24%
ALCOA CORP 0.23%
BJ'S WHOLESALE CLUB HOLDINGS 0.23%
BIOGEN INC 0.21%
BURLINGTON STORES INC 0.21%
DENTSPLY SIRONA INC 0.20%
CONSTELLATION BRANDS INC-A 0.18%
AMEREN CORPORATION 0.17%
EDISON INTERNATIONAL 0.17%
KRAFT HEINZ CO/THE 0.15%
COOPER COS INC/THE 0.13%
SMITH (A.O.) CORP 0.12%
W.R. GRACE & CO 0.12%
ECOLAB INC 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.06%
P G & E CORP 0.06%
ARCHER-DANIELS-MIDLAND CO 0.04%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
PPG INDUSTRIES INC 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
KION GROUP AG 0.02%
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 C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 06/30/18

MICROSOFT CORP 3.19%
ALPHABET INC-CL A 3.07%
AMAZON.COM INC 3.04%
APPLE INC 3.02%
BANK OF AMERICA CORP 2.53%
FACEBOOK INC-A 2.23%
VISA INC-CLASS A SHARES 1.85%
HOME DEPOT INC 1.75%
CITIGROUP INC 1.74%
COCA-COLA CO/THE 1.53%
QUALCOMM INC 1.45%
HONEYWELL INTERNATIONAL INC 1.44%
ACTIVISION BLIZZARD INC 1.37%
DANAHER CORP 1.28%
DOWDUPONT INC 1.26%
GOLDMAN SACHS GROUP INC 1.24%
JPMORGAN CHASE & CO 1.22%
BECTON DICKINSON AND CO 1.21%
KKR & CO LP 1.21%
AT&T INC 1.17%
UNITEDHEALTH GROUP INC 1.15%
EMERSON ELECTRIC CO 1.14%
BP PLC 1.12%
VERIZON COMMUNICATIONS INC 1.11%
GENERAL MOTORS CO 1.09%
DXC TECHNOLOGY CO 1.08%
BOEING CO/THE 1.07%
PRUDENTIAL PLC 1.04%
GILEAD SCIENCES INC 1.02%
PROCTER & GAMBLE CO/THE 1.00%
MERCK & CO. INC. 0.98%
EXXON MOBIL CORP 0.97%
E*TRADE FINANCIAL CORPORATION 0.96%
APPLIED MATERIALS INC 0.93%
KINDER MORGAN INC 0.90%
PEPSICO INC 0.87%
TOTAL SA 0.86%
RAYTHEON COMPANY 0.85%
BOOKING HOLDINGS INC 0.84%
FORTIVE CORP 0.83%
ON SEMICONDUCTOR CORP 0.83%
NORFOLK SOUTHERN CORP 0.80%
ROPER TECHNOLOGIES INC 0.79%
AMERICAN ELECTRIC POWER 0.77%
BLACKROCK INC 0.77%
BRISTOL-MYERS SQUIBB CO 0.77%
CENOVUS ENERGY INC 0.77%
JOHNSON & JOHNSON 0.76%
SHERWIN-WILLIAMS CO/THE 0.75%
CIGNA CORP 0.73%
BOSTON SCIENTIFIC CORP 0.70%
TEXTRON INC 0.70%
ASSURED GUARANTY LTD 0.68%
EXELON CORP 0.67%
WASTE CONNECTIONS INC 0.67%
CHARTER COMMUNICATIONS INC-A 0.66%
TEXAS INSTRUMENTS INC 0.66%
WALMART INC 0.66%
COSTCO WHOLESALE CORP 0.63%
ORACLE CORP 0.63%
NCSOFT CORP 0.61%
PFIZER INC 0.60%
MCCORMICK & CO-NON VTG SHRS 0.59%
AMGEN INC 0.57%
NRG ENERGY INC 0.56%
RAYMOND JAMES FINANCIAL INC 0.56%
INTEL CORP 0.55%
ALEXION PHARMACEUTICALS INC 0.53%
COMCAST CORP-CLASS A 0.53%
HILTON WORLDWIDE HOLDINGS IN 0.53%
NEXTERA ENERGY INC 0.53%
SALESFORCE.COM INC 0.53%
VERTEX PHARMACEUTICALS INC 0.53%
TJX COMPANIES INC 0.52%
AMERICAN INTERNATIONAL GROUP 0.50%
CHUBB LTD 0.49%
FMC CORP 0.49%
TENCENT HOLDINGS LTD 0.49%
KELLOGG CO 0.48%
NETEASE INC-ADR 0.47%
POUND STERLING CALL ACCOUNT 0.47%
INTERCONTINENTAL EXCHANGE IN 0.46%
CHIPOTLE MEXICAN GRILL INC 0.45%
YELLOW CAKE PLC 144A 0.45%
CONOCOPHILLIPS 0.44%
GAMING AND LEISURE PROPERTIE 0.44%
BAXTER INTERNATIONAL INC 0.43%
INTUITIVE SURGICAL INC 0.43%
JAZZ PHARMACEUTICALS PLC 0.43%
ALIBABA GROUP HOLDING-SP ADR 0.42%
NXP SEMICONDUCTORS NV 0.42%
ANADARKO PETROLEUM CORP 0.41%
WYNN RESORTS LTD 0.41%
DOVER CORP 0.40%
FIDELITY NATIONAL INFO SERV 0.40%
WALGREENS BOOTS ALLIANCE INC 0.40%
YUM CHINA HOLDINGS INC 0.40%
CAIRN ENERGY PLC 0.39%
KROGER CO 0.39%
AMERICAN TOWER CORP 0.38%
DISH NETWORK CORP-A 0.37%
DOMINION ENERGY INC 0.36%
NOBLE ENERGY INC 0.36%
EVERBRIDGE INC 0.35%
METTLER-TOLEDO INTERNATIONAL 0.34%
DUKE ENERGY CORP 0.33%
O'REILLY AUTOMOTIVE INC 0.33%
SEVEN GENERATIONS ENERGY - A 0.32%
CHURCH & DWIGHT CO INC 0.30%
NIKE INC -CL B 0.29%
BALL CORP 0.28%
DEERE & CO 0.28%
SUMMIT MATERIALS INC -CL A 0.28%
ADVANCE AUTO PARTS 0.27%
GODADDY INC - CLASS A 0.27%
INVESCO LTD 0.27%
MCKESSON CORP 0.25%
WALT DISNEY CO/THE 0.25%
INVESTMENT TECHNOLOGY GROUP 0.24%
RESTAURANT BRANDS INTERN 0.24%
ALCOA CORP 0.23%
BJ'S WHOLESALE CLUB HOLDINGS 0.23%
BIOGEN INC 0.21%
BURLINGTON STORES INC 0.21%
DENTSPLY SIRONA INC 0.20%
CONSTELLATION BRANDS INC-A 0.18%
AMEREN CORPORATION 0.17%
EDISON INTERNATIONAL 0.17%
KRAFT HEINZ CO/THE 0.15%
COOPER COS INC/THE 0.13%
SMITH (A.O.) CORP 0.12%
W.R. GRACE & CO 0.12%
ECOLAB INC 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.06%
P G & E CORP 0.06%
RU20INTR P USL1M R 12/15/20 GS 0.06%
ARCHER-DANIELS-MIDLAND CO 0.04%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
PPG INDUSTRIES INC 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
KION GROUP AG 0.02%
EUR/USD 09/19/2018 BANKAM 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
CAD/USD 07/18/2018 GSFX 0.00%
EUR/USD 09/19/2018 GSFX 0.00%
GBP/USD 09/19/2018 BCAP-FX 0.00%
ILS/USD 07/18/2018 SSBT 0.00%
NOK/USD 09/19/2018 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 C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
CAD/USD 07/18/2018 JPMCB -0.01%
GBP/USD 09/19/2018 GSFX -0.01%
GBP/USD 09/19/2018 JPMCB -0.01%
EUR/USD 09/19/2018 CITI -0.02%
S&P500 EMINI FUT SEP18 ESU8 -0.03%
CANADIAN DOLLAR ACCOUNT -0.17%
THE EURO EUR CALL ACCOUNT -0.33%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Microsoft Corp 3.45%
2: Apple 3.43%
3: Amazon.Com 3.35%
4: Alphabet 3.28%
5: Bank Of America Corp 2.26%
6: Visa 1.98%
7: Citigroup 1.81%
8: Facebook 1.77%
9: Qualcomm 1.76%
10: Home Depot The 1.75%
Holdings represent 24.84% of portfolio
Top 10 holdings as of 08/31/18
1: Microsoft Corp 3.51%
2: Amazon 3.48%
3: Alphabet 3.35%
4: Bank of America 2.39%
5: Visa 1.98%
6: Facebook 1.95%
7: Citigroup 1.82%
8: Home Depot 1.73%
9: Qualcomm 1.71%
10: Honeywell International 1.59%
Holdings represent 23.51% of portfolio
Top 10 holdings as of 07/31/18
1: Alphabet 3.38%
2: Microsoft Corp 3.36%
3: Amazon 3.11%
4: Apple 3.03%
5: Bank of America 2.41%
6: Facebook 1.94%
7: Citigroup 1.86%
8: Visa 1.86%
9: Home Depot 1.73%
10: Bp 1.64%
Holdings represent 24.32% of portfolio
Top 10 holdings as of 06/30/18
1: Microsoft Corp 3.19%
2: Alphabet 3.07%
3: Amazon 3.04%
4: Apple 3.02%
5: Bank of America 2.53%
6: Facebook 2.23%
7: Visa 1.85%
8: Home Depot 1.75%
9: Citigroup 1.74%
10: Coca-Cola The 1.53%
Holdings represent 23.95% of portfolio

Portfolio Composition as of 09/30/18

Common stock 99.06%
Cash and net other assets 0.78%
Convertible preferred stock 0.16%

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 09/30/18

Information technology 16.99%
Health care 14.13%
Financials 13.97%
Communication services 12.06%
Consumer discretionary 11.33%
Industrials 9.78%
Consumer staples 6.94%
Energy 6.25%
Utilities 3.59%
 
Other
4.96%
Materials 3.39%
Real estate 0.79%
Cash and net other assets 0.78%