‡ 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.
Putnam Allstate Advisor Plus
Putnam Emerging Markets Equity Subaccount
The subaccount seeks long-term capital appreciation.
Fund description
The subaccount invests at least 80% of its assets in stocks of emerging market companies believed to have favorable investment potential. It may invest in growth and value stocks of companies of all sizes. The management team focuses on a number of factors when making investment decisions, including company valuation, financial strength, and competitive position within the industry. The team also evaluates projected future earnings and cash flow, as well as dividend yields within the context of current macroeconomic themes.
Sales story
Pursuing growth opportunities in developing economies
- Growth potential: Emerging markets offer the potential for continued growth due to attractive demographics, rising wealth, and increased investment in infrastructure in developing countries.
- A disciplined process: By integrating multiple perspectives into portfolio construction, the fund manager is able to better evaluate individual companies within the context of changing local and global influences.
- Rigorous research: The manager leverages Putnam's global research platform to identify opportunities across emerging and select frontier markets.
Management team
- Andrew J. Yoon, CFA (Investing since 2011)
Daily pricing as of 01/27/21
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $11.445984 | $11.087217 |
| Unit Value Change | -0.320304 | -0.310312 |
Lipper ranking ‡ as of 12/31/20
Category: Emerging Markets Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 6% | 3/54 |
| 1 yr. | 20% | 15/77 |
| 3 yrs. | 39% | 27/70 |
| 5 yrs. | 80% | 53/66 |
Quick facts as of 12/31/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 52 |
| Turnover (fiscal year end) | 68% |
| Net Assets | $38M |
| Inception Date | 01/02/97 |
Performance
Performance as of 12/31/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 16.15% | 25.89% | 25.89% | 7.40% | 8.61% | 4.87% | 4.03% |
| Standardized | 8.15% | 17.89% | 17.89% | 5.04% | 7.73% | 4.87% | 4.03% |
| With optional enhanced death benefit | |||||||
| Unit Value | 16.10% | 25.70% | 25.70% | 7.24% | 8.44% | 4.71% | 3.87% |
| Standardized | 8.10% | 17.70% | 17.70% | 4.87% | 7.56% | 4.71% | 3.87% |
| Actual performance | |||||||
| Unit Value | 16.15% | 25.89% | 25.89% | 7.40% | 8.61% | 4.87% | 0.15% |
| Standardized | 8.15% | 17.89% | 17.89% | 5.04% | 7.73% | 4.87% | 0.15% |
| With optional enhanced death benefit | |||||||
| Unit Value | 16.10% | 25.70% | 25.70% | 7.24% | 8.44% | 4.71% | 0.00% |
| Standardized | 8.10% | 17.70% | 17.70% | 4.87% | 7.56% | 4.71% | 0.00% |
Annual Performance at NAV
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|
| -19.21% | 19.07% | 20.41% | -7.65% | -0.50% | -8.21% | 32.89% | -19.95% | 22.93% | 25.89% |
| With optional enhanced death benefit | |||||||||
| -19.33% | 18.89% | 20.23% | -7.79% | -0.65% | -8.35% | 32.69% | -20.07% | 22.75% | 25.70% |
Restated performance
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 7.41% |
| Standardized | -0.59% |
YTD as of 01/27/21 |
|
|---|---|
| Unit Value | 5.37% |
| Standardized | -2.63% |
With optional enhanced death benefit
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 7.39% |
| Standardized | -0.61% |
YTD as of 01/27/21 |
|
|---|---|
| Unit Value | 5.35% |
| Standardized | -2.65% |
Unit values and performance information shown apply to the specific annuity product listed, not the underlying Putnam Variable Trust fund. This information should not be used by investors who hold an interest in Putnam Variable Trust funds through a different annuity or other variable product. The unit values and performance of other variable products that offer Putnam Variable Trust funds may be higher or lower due to product charges and expenses or other factors.
Data is historical. Past performance is no guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units.
Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $30 contract maintenance fee. Additional riders and options for insurance-related charges will increase expenses and lower returns. Please see the prospectus for details. For a portion of the period, subaccounts may have limited expenses, without which returns would have been lower.
Variable annuities are long-term investments designed for retirement purposes. Putnam Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., Simsbury, CT.
Putnam Allstate variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company (Allstate Life); underwritten by Allstate Distributors, L.L.C., both of Northbrook, IL; and sold through registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state.
These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds. You may also call Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277. Read the prospectuses carefully before investing.
For the most recent month-end performance, please call Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277.
Holdings
| Tencent Holdings | 8.79% |
| Taiwan Semiconductor Manufacturing | 8.06% |
| Alibaba Group Holding | 7.68% |
| Samsung Electronics | 7.07% |
| Reliance Industries | 3.18% |
| Sk Hynix | 3.09% |
| Meituan | 2.83% |
| Jd.Com | 2.60% |
| Hdfc Bank | 2.52% |
| Itau Unibanco Holding | 2.52% |
| Top 10 holdings, total: | 48.34% |
| Top 10 holdings as of 12/31/20 | |
|---|---|
| 1: Tencent Holdings | 8.79% |
| 2: Taiwan Semiconductor Manufacturing | 8.06% |
| 3: Alibaba Group Holding | 7.68% |
| 4: Samsung Electronics | 7.07% |
| 5: Reliance Industries | 3.18% |
| 6: Sk Hynix | 3.09% |
| 7: Meituan | 2.83% |
| 8: Jd.Com | 2.60% |
| 9: Hdfc Bank | 2.52% |
| 10: Itau Unibanco Holding | 2.52% |
| Holdings represent 48.34% of portfolio | |
| Top 10 holdings as of 11/30/20 | |
|---|---|
| 1: Alibaba Group Holding | 9.65% |
| 2: Tencent Holdings | 9.32% |
| 3: Taiwan Semiconductor Manufacturing | 7.72% |
| 4: Samsung Electronics | 6.08% |
| 5: Reliance Industries | 3.23% |
| 6: Meituan | 2.70% |
| 7: Sk Hynix | 2.65% |
| 8: Hdfc Bank | 2.63% |
| 9: Jd.Com | 2.24% |
| 10: Sberbank Of Russia Pjsc | 2.18% |
| Holdings represent 48.40% of portfolio | |
| Top 10 holdings as of 10/31/20 | |
|---|---|
| 1: Alibaba Group Holding | 11.74% |
| 2: Tencent Holdings | 10.31% |
| 3: Taiwan Semiconductor Manufacturing | 7.24% |
| 4: Samsung Electronics | 5.30% |
| 5: Reliance Industries | 3.20% |
| 6: Meituan | 2.70% |
| 7: Wal-Mart De Mexico Sab De Cv | 2.45% |
| 8: Hdfc Bank | 2.29% |
| 9: China Mobile Hk | 2.27% |
| 10: Sk Hynix | 2.23% |
| Holdings represent 49.73% of portfolio | |
| Top 10 holdings as of 09/30/20 | |
|---|---|
| 1: Alibaba Group Holding | 11.49% |
| 2: Tencent Holdings | 9.02% |
| 3: Taiwan Semiconductor Manufacturing | 7.31% |
| 4: Samsung Electronics | 5.44% |
| 5: Reliance Industries | 3.63% |
| 6: Meituan Dianping | 2.38% |
| 7: China Mobile Hk | 2.35% |
| 8: Sk Hynix | 2.28% |
| 9: Wal-Mart De Mexico Sab De Cv | 2.22% |
| 10: Hdfc Bank | 2.06% |
| Holdings represent 48.18% of portfolio | |
| TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 8.79% | TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 8.06% | ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 7.68% | SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 7.07% | RELIANCE INDUSTRIES LTD SEDOL 6099626 | 3.18% | SK HYNIX INC SEDOL 6450267 | 3.09% | MEITUAN-CLASS B SEDOL BGJW376 | 2.84% | JD.COM INC-ADR SEDOL BMM27D9 | 2.60% | HDFC BANK LIMITED SEDOL BK1N461 | 2.52% | BANCO ITAU HOLDING PFD SEDOL B037HR3 PCT 0.00 | 2.52% | SBERBANK PJSC -SPONSORED ADR SEDOL B5SC091 | 2.07% | LI NING CO LTD SEDOL B01JCK9 | 2.04% | XINYI SOLAR HOLDINGS LTD SEDOL BGQYNN1 | 1.86% | LG CHEM LTD SEDOL 6346913 | 1.77% | BAIDU INC - SPON ADR SEDOL B0FXT17 | 1.75% | SHENZHEN INOVANCE TECHNOLO-A SEDOL BD5CMN8 | 1.71% | WALMART DE MEXICO SAB DE CV SEDOL BW1YVH8 | 1.70% | YANDEX NV-A SEDOL B5BSZB3 | 1.67% | KAKAO CORP SEDOL 6194037 | 1.66% | B3 SA-BRASIL BOLSA BALCAO SEDOL BG36ZK1 | 1.57% | TECHTRONIC INDUSTRIES CO LTD SEDOL B0190C7 | 1.53% | TATA CONSULTANCY SVS LTD SEDOL B01NPJ1 | 1.50% | HINDUSTAN UNILEVER LTD SEDOL 6261674 | 1.47% | AIRTAC INTERNATIONAL GROUP SEDOL B52J816 | 1.45% | ICICI BANK LTD SEDOL BSZ2BY7 | 1.44% | MEDIATEK INC SEDOL 6372480 | 1.42% | HANA FINANCIAL GROUP SEDOL B0RNRF5 | 1.42% | WULIANGYE YIBIN CO LTD-A SEDOL BD5CPG2 | 1.42% | YUM CHINA HOLDINGS INC SEDOL BN2BD13 | 1.33% | COPA HOLDINGS SA-CLASS A SEDOL B0TNJH9 | 1.29% | CENTRE TESTING INTL GROUP-A SEDOL BD5C7D3 | 1.27% | WUXI APPTEC CO LTD-H SEDOL BGHH0L6 | 1.15% | SEA LTD-ADR SEDOL BYWD7L4 | 1.14% | HONG KONG EXCHANGES & CLEAR SEDOL 6267359 | 1.13% | SHENZHEN MINDRAY BIO-MEDIC-A SEDOL BHQK864 | 1.13% | A-LIVING SMART CITY SVCS 144A SEDOL BFWK4M2 | 1.07% | ZHONGSHENG GROUP HOLDINGS SEDOL B633D97 | 1.04% | POYA INTERNATIONAL CO LTD SEDOL 6541826 | 1.04% | ASIAN PAINTS LTD SEDOL BCRWL65 | 1.02% | ELITE MATERIAL CO LTD SEDOL 6316121 | 1.02% | COMPANHIA DE LOCACAO DAS AME SEDOL B82CQN4 | 1.00% | TOTVS SA SEDOL B10LQP6 | 0.98% | MERCADOLIBRE INC SEDOL B23X1H3 | 0.96% | WYNN MACAU LTD SEDOL B4JSTL6 | 0.91% | CIA PARANAENSE DE ENERGI-PFB | 0.88% | DINO POLSKA SA SEDOL BD0YVN2 | 0.88% | JUBILANT FOODWORKS LTD SEDOL B3PRM66 | 0.73% | UNIVERSAL VISION BIOTECHNOLO SEDOL 6732051 | 0.68% | MTN GROUP LTD SEDOL 6563206 | 0.47% | BANK BTPN SYARIAH TBK PT SEDOL BFNBJ41 | 0.47% | JUMBO SA SEDOL 7243530 | 0.28% | HC BRILLANT SERVICES GMBH P/P | 0.00% |
| ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 11.49% | TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 9.02% | TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 7.31% | SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 5.44% | RELIANCE INDUSTRIES LTD SEDOL 6099626 | 3.63% | MEITUAN DIANPING SEDOL BGJW376 | 2.38% | CHINA MOBILE LTD SEDOL 6073556 | 2.35% | SK HYNIX INC SEDOL 6450267 | 2.28% | WALMART DE MEXICO SAB DE CV SEDOL BW1YVH8 | 2.22% | HDFC BANK LIMITED SEDOL BK1N461 | 2.06% | TATA CONSULTANCY SVS LTD SEDOL B01NPJ1 | 2.04% | JD.COM INC-ADR SEDOL BMM27D9 | 1.80% | PROSUS NV SEDOL BJDS7M4 | 1.75% | LI NING CO LTD SEDOL B01JCK9 | 1.56% | TECHTRONIC INDUSTRIES CO LTD SEDOL B0190C7 | 1.54% | B3 SA-BRASIL BOLSA BALCAO SEDOL BG36ZK1 | 1.48% | HINDUSTAN UNILEVER LTD SEDOL 6261674 | 1.42% | LUKOIL PJSC-SPON ADR SEDOL BYZDW27 | 1.26% | NAVER CORP SEDOL 6560393 | 1.23% | SHENZHEN MINDRAY BIO-MEDIC-A SEDOL BHQK864 | 1.21% | CHINA LESSO GROUP HOLDINGS L SEDOL BCDBKF8 | 1.21% | WUXI APPTEC CO LTD-H SEDOL BGHH0L6 | 1.19% | VOLTRONIC POWER TECHNOLOGY SEDOL B96HCH8 | 1.18% | TOTVS SA SEDOL B10LQP6 | 1.17% | HANA FINANCIAL GROUP SEDOL B0RNRF5 | 1.15% | ZHONGSHENG GROUP HOLDINGS SEDOL B633D97 | 1.14% | CENTRE TESTING INTL GROUP-A SEDOL BD5C7D3 | 1.11% | LG CHEM LTD SEDOL 6346913 | 1.10% | POYA INTERNATIONAL CO LTD SEDOL 6541826 | 1.09% | AIRTAC INTERNATIONAL GROUP SEDOL B52J816 | 1.09% | HONG KONG EXCHANGES & CLEAR SEDOL 6267359 | 1.09% | MERCADOLIBRE INC SEDOL B23X1H3 | 1.08% | SHENZHEN INOVANCE TECHNOLO-A SEDOL BD5CMN8 | 1.06% | WULIANGYE YIBIN CO LTD-A SEDOL BD5CPG2 | 1.05% | ELITE MATERIAL CO LTD SEDOL 6316121 | 1.04% | YANDEX NV-A SEDOL B5BSZB3 | 1.02% | MEDIATEK INC SEDOL 6372480 | 1.01% | COPA HOLDINGS SA-CLASS A SEDOL B0TNJH9 | 0.98% | FU SHOU YUAN INTERNATIONAL SEDOL BH4TZ73 | 0.98% | SBERBANK PJSC -SPONSORED ADR SEDOL B5SC091 | 0.96% | JUMBO SA SEDOL 7243530 | 0.92% | SEA LTD-ADR SEDOL BYWD7L4 | 0.87% | HYPERA SA SEDOL B2QY968 | 0.87% | A-LIVING SVCS CO LTD SEDOL BFWK4M2 | 0.86% | COMPANHIA DE LOCACAO DAS AME SEDOL B82CQN4 | 0.85% | UNIVERSAL VISION BIOTECHNOLO SEDOL 6732051 | 0.82% | ASIAN PAINTS LTD SEDOL BCRWL65 | 0.82% | KAKAO CORP SEDOL 6194037 | 0.81% | MTN GROUP LTD SEDOL 6563206 | 0.79% | CIA PARANAENSE DE ENERGI-PFB | 0.76% | CHINA RESOURCES GAS GROUP LT SEDOL 6535517 | 0.75% | JUBILANT FOODWORKS LTD SEDOL B3PRM66 | 0.68% | BANK BTPN SYARIAH TBK PT SEDOL BFNBJ41 | 0.64% | DINO POLSKA SA SEDOL BD0YVN2 | 0.62% | 21VIANET GROUP INC-ADR SEDOL B3Q0VS9 | 0.61% | SICHUAN LANGUANG JUSTBON -H SEDOL BK8JKG4 | 0.56% | SUNNY FRIEND ENVIRONMENTAL T SEDOL B6RXHJ1 | 0.55% | WILCON DEPOT INC SEDOL BYXYHM7 | 0.54% | SILERGY CORP SEDOL BH4DMW9 | 0.53% | CLICKS GROUP LTD SEDOL 6105578 | 0.41% | SAFARICOM PLC SEDOL B2QN3J6 | 0.30% | ISHARES CORE MSCI EMERGING SEDOL B8NDCB6 | 0.19% | HC BRILLANT SERVICES GMBH P/P | 0.00% |
Portfolio Composition as of 12/31/20
| Common stock | 96.25% |
| Preferred stock | 3.40% |
| Cash and net other assets | 0.35% |
Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. 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.
Top Industry Sectors as of 12/31/20
| Information technology | 25.01% |
|---|---|
| Consumer discretionary | 21.43% |
| Communication services | 15.48% |
| Financials | 13.13% |
| Industrials | 9.33% |
| Consumer staples | 5.47% |
| Energy | 3.18% |
| Health care | 2.95% |
| Materials | 2.79% |
| Other | 1.23% |
0
Country Allocation as of 12/31/20
| China | 40.01% |
|---|---|
| South Korea | 15.00% |
| Taiwan | 12.22% |
| India | 11.86% |
| Brazil | 6.96% |
| Russia | 3.74% |
| Hong Kong | 2.66% |
| Mexico | 1.70% |
| Panama | 1.29% |
| Other | 4.56% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 8.00% |
| 2 | 8.00% |
| 3 | 8.00% |
| 4 | 7.00% |
| 5 | 6.00% |
| 6 | 5.00% |
| 7 | 4.00% |
| 8 | 3.00% |
| 9+ | 0.00% |