‡ 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
- Mispriced earnings potentialWe invest across emerging markets with the philosophy that identifying high-quality companies with mispriced earnings growth can potentially deliver alpha.
- Durable growth driversOur investment process seeks to develop a differentiated view on future company earnings through insights on durable moats that sustain a company’s drivers of growth.
- Focused, best ideas fundThe team seeks to smooth performance volatility by building a portfolio with emphasis on companies we believe have strong balance sheets and potential for above-average profitability.
Management team
- Brian S. Freiwald, CFA (Investing since 2004)
Daily pricing as of 01/27/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $9.362668 | $9.055568 |
| Unit Value Change | -0.141152 | -0.136561 |
Lipper ranking ‡ as of 12/31/21
Category: Emerging Markets Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 16% | 9/59 |
| 1 yr. | 65% | 50/77 |
| 3 yrs. | 28% | 21/75 |
| 5 yrs. | 30% | 20/67 |
Quick facts as of 12/31/21
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 48 |
| Turnover (fiscal year end) | 146% |
| Net Assets | $33M |
| Inception Date | 01/02/97 |
Performance
Performance as of 12/31/21
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -1.88% | -5.72% | -5.72% | 13.42% | 9.19% | 6.50% | 3.62% |
| Standardized | -9.73% | -13.27% | -13.27% | 11.31% | 8.33% | 6.50% | 3.62% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.92% | -5.87% | -5.87% | 13.25% | 9.03% | 6.34% | 3.46% |
| Standardized | -9.77% | -13.40% | -13.40% | 11.13% | 8.16% | 6.34% | 3.46% |
| Actual performance | |||||||
| Unit Value | -1.88% | -5.72% | -5.72% | 13.42% | 9.19% | 6.50% | -0.12% |
| Standardized | -9.73% | -13.27% | -13.27% | 11.31% | 8.33% | 6.50% | -0.12% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.92% | -5.87% | -5.87% | 13.25% | 9.03% | 6.34% | -0.28% |
| Standardized | -9.77% | -13.40% | -13.40% | 11.13% | 8.16% | 6.34% | -0.28% |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 19.07% | 20.41% | -7.65% | -0.50% | -8.21% | 32.89% | -19.95% | 22.93% | 25.89% | -5.72% |
| With optional enhanced death benefit | |||||||||
| 18.89% | 20.23% | -7.79% | -0.65% | -8.35% | 32.69% | -20.07% | 22.75% | 25.70% | -5.87% |
Restated performance
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | 0.16% |
| Standardized | -7.84% |
YTD as of 01/27/22 |
|
|---|---|
| Unit Value | -8.58% |
| Standardized | -15.89% |
With optional enhanced death benefit
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | 0.15% |
| Standardized | -7.85% |
YTD as of 01/27/22 |
|
|---|---|
| Unit Value | -8.59% |
| Standardized | -15.90% |
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
| Taiwan Semiconductor Manufacturing | 10.56% |
| Tencent Holdings | 7.35% |
| Samsung Electronics | 6.44% |
| Tata Consultancy Services | 3.94% |
| Wal-Mart De Mexico Sab De Cv | 3.71% |
| Icici Bank | 3.38% |
| Mercadolibre | 2.73% |
| Alibaba Group Holding | 2.72% |
| Reliance Industries | 2.65% |
| Mediatek | 2.50% |
| Top 10 holdings, total: | 45.98% |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Taiwan Semiconductor Manufacturing | 10.56% |
| 2: Tencent Holdings | 7.35% |
| 3: Samsung Electronics | 6.44% |
| 4: Tata Consultancy Services | 3.94% |
| 5: Wal-Mart De Mexico Sab De Cv | 3.71% |
| 6: Icici Bank | 3.38% |
| 7: Mercadolibre | 2.73% |
| 8: Alibaba Group Holding | 2.72% |
| 9: Reliance Industries | 2.65% |
| 10: Mediatek | 2.50% |
| Holdings represent 45.98% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Taiwan Semiconductor Manufacturing | 10.09% |
| 2: Tencent Holdings | 7.33% |
| 3: Samsung Electronics | 5.89% |
| 4: Jd.Com | 3.98% |
| 5: Tata Consultancy Services | 3.66% |
| 6: Apollo Hospitals Enterprise | 3.46% |
| 7: Icici Bank | 3.21% |
| 8: Wal-Mart De Mexico Sab De Cv | 2.98% |
| 9: Alibaba Group Holding | 2.89% |
| 10: Sea | 2.74% |
| Holdings represent 46.23% of portfolio | |
| Top 10 holdings as of 10/31/21 | |
|---|---|
| 1: Taiwan Semiconductor Manufacturing | 9.34% |
| 2: Tencent Holdings | 7.35% |
| 3: Samsung Electronics | 5.80% |
| 4: Alibaba Group Holding | 4.94% |
| 5: Reliance Industries | 3.93% |
| 6: Tata Consultancy Services | 3.07% |
| 7: iShares Core MSCI Emerging Markets ETF | 2.99% |
| 8: Wal-Mart De Mexico Sab De Cv | 2.96% |
| 9: Sea | 2.84% |
| 10: Sberbank Of Russia Pjsc | 2.72% |
| Holdings represent 45.94% of portfolio | |
| Top 10 holdings as of 09/30/21 | |
|---|---|
| 1: Taiwan Semiconductor Manufacturing | 9.29% |
| 2: Tencent Holdings | 7.52% |
| 3: Samsung Electronics | 6.16% |
| 4: Alibaba Group Holding | 4.83% |
| 5: Tata Consultancy Services | 3.60% |
| 6: Reliance Industries | 3.41% |
| 7: iShares Core MSCI Emerging Markets ETF | 3.15% |
| 8: Apollo Hospitals Enterprise | 2.63% |
| 9: Mercadolibre | 2.53% |
| 10: Wal-Mart De Mexico Sab De Cv | 2.53% |
| Holdings represent 45.65% of portfolio | |
| TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 10.56% | TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 7.35% | SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 6.44% | TATA CONSULTANCY SVS LTD SEDOL B01NPJ1 | 3.94% | WALMART DE MEXICO SAB DE CV SEDOL BW1YVH8 | 3.71% | ICICI BANK LTD SEDOL BSZ2BY7 | 3.38% | MERCADOLIBRE INC SEDOL B23X1H3 | 2.73% | ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 2.72% | RELIANCE INDUSTRIES LTD SEDOL 6099626 | 2.65% | MEDIATEK INC SEDOL 6372480 | 2.50% | NAVER CORP SEDOL 6560393 | 2.34% | APOLLO HOSPITALS ENTERPRISE SEDOL 6273583 | 2.30% | TECHTRONIC INDUSTRIES CO LTD SEDOL B0190C7 | 2.27% | LI NING CO LTD SEDOL B01JCK9 | 2.24% | ASPEED TECHNOLOGY INC SEDOL B80VKP3 | 1.98% | ASIAN PAINTS LTD SEDOL BCRWL65 | 1.88% | GLOBANT SA SEDOL BP40HF4 | 1.88% | WUXI APPTEC CO LTD-H SEDOL BGHH0L6 | 1.88% | PARADE TECHNOLOGIES LTD SEDOL B6RV676 | 1.87% | JD.COM INC-ADR SEDOL BMM27D9 | 1.75% | SHENZHEN INOVANCE TECHNOLO-A SEDOL BD5CMN8 | 1.74% | TCS GROUP HOLDING-GDR REG S SEDOL BF233S0 | 1.73% | SILERGY CORP SEDOL BH4DMW9 | 1.67% | YANDEX NV-A SEDOL B5BSZB3 | 1.66% | JUBILANT FOODWORKS LTD SEDOL B3PRM66 | 1.57% | CONTEMPORARY AMPEREX TECHN-A SEDOL BHQPSY7 | 1.56% | NOVATEK MICROELECTRONICS COR SEDOL 6346333 | 1.55% | AIA GROUP LTD SEDOL B4TX8S1 | 1.52% | CENTRE TESTING INTL GROUP-A SEDOL BD5C7D3 | 1.45% | TOTVS SA SEDOL B10LQP6 | 1.43% | KAKAO CORP SEDOL 6194037 | 1.41% | DINO POLSKA SA SEDOL BD0YVN2 | 1.39% | HDFC BANK LIMITED SEDOL BK1N461 | 1.38% | PEARL ABYSS CORP SEDOL BYX56S9 | 1.32% | BANK CENTRAL ASIA TBK PT SEDOL B01C1P6 | 1.28% | SBERBANK PJSC -SPONSORED ADR SEDOL B5SC091 | 1.26% | COPA HOLDINGS SA-CLASS A SEDOL B0TNJH9 | 1.24% | DIXON TECHNOLOGIES INDIA LTD SEDOL BNC5412 | 1.14% | SHENZHEN MINDRAY BIO-MEDIC-A SEDOL BHQK864 | 1.14% | HONG KONG EXCHANGES & CLEAR SEDOL 6267359 | 0.94% | AFREECATV CO LTD SEDOL 6724508 | 0.86% | YUM CHINA HOLDINGS INC SEDOL BN2BD13 | 0.86% | SEA LTD-ADR SEDOL BYWD7L4 | 0.86% | MAX HEALTHCARE INSTITUTE LTD SEDOL BMB2291 | 0.84% | ISHARES CORE MSCI EMERGING SEDOL B8NDCB6 | 0.74% | THOUGHTWORKS HOLDING INC SEDOL BMYR6Y6 | 0.64% | SINBON ELECTRONICS CO LTD SEDOL 6349354 | 0.63% | HC BRILLANT SERVICES GMBH P/P | 0.00% |
| TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 9.29% | TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 7.52% | SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 6.16% | ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 4.83% | TATA CONSULTANCY SVS LTD SEDOL B01NPJ1 | 3.60% | RELIANCE INDUSTRIES LTD SEDOL 6099626 | 3.41% | ISHARES CORE MSCI EMERGING SEDOL B8NDCB6 | 3.15% | APOLLO HOSPITALS ENTERPRISE SEDOL 6273583 | 2.63% | MERCADOLIBRE INC SEDOL B23X1H3 | 2.53% | WALMART DE MEXICO SAB DE CV SEDOL BW1YVH8 | 2.53% | SBERBANK PJSC -SPONSORED ADR SEDOL B5SC091 | 2.41% | JD.COM INC-ADR SEDOL BMM27D9 | 2.41% | WUXI APPTEC CO LTD-H SEDOL BGHH0L6 | 2.34% | SEA LTD-ADR SEDOL BYWD7L4 | 2.29% | NAVER CORP SEDOL 6560393 | 2.18% | YANDEX NV-A SEDOL B5BSZB3 | 2.18% | HDFC BANK LIMITED SEDOL BK1N461 | 2.16% | TOTVS SA SEDOL B10LQP6 | 2.16% | TECHTRONIC INDUSTRIES CO LTD SEDOL B0190C7 | 2.14% | AIA GROUP LTD SEDOL B4TX8S1 | 2.12% | TCS GROUP HOLDING-GDR REG S SEDOL BF233S0 | 2.11% | MEDIATEK INC SEDOL 6372480 | 2.02% | LI NING CO LTD SEDOL B01JCK9 | 2.01% | HINDUSTAN UNILEVER LTD SEDOL 6261674 | 1.84% | YUM CHINA HOLDINGS INC SEDOL BN2BD13 | 1.81% | SHENZHEN INOVANCE TECHNOLO-A SEDOL BD5CMN8 | 1.73% | ASIAN PAINTS LTD SEDOL BCRWL65 | 1.63% | ASPEED TECHNOLOGY INC SEDOL B80VKP3 | 1.47% | ICICI BANK LTD SEDOL BSZ2BY7 | 1.34% | CONTEMPORARY AMPEREX TECHN-A SEDOL BHQPSY7 | 1.31% | CENTRE TESTING INTL GROUP-A SEDOL BD5C7D3 | 1.30% | DINO POLSKA SA SEDOL BD0YVN2 | 1.29% | JUBILANT FOODWORKS LTD SEDOL B3PRM66 | 1.26% | PARADE TECHNOLOGIES LTD SEDOL B6RV676 | 1.22% | NOVATEK MICROELECTRONICS COR SEDOL 6346333 | 1.04% | AIRTAC INTERNATIONAL GROUP SEDOL B52J816 | 1.03% | HONG KONG EXCHANGES & CLEAR SEDOL 6267359 | 1.01% | COPA HOLDINGS SA-CLASS A SEDOL B0TNJH9 | 0.98% | EVOLUTION AB SEDOL BJXSCH4 | 0.93% | SHENZHEN MINDRAY BIO-MEDIC-A SEDOL BHQK864 | 0.91% | KAKAO CORP SEDOL 6194037 | 0.82% | PEARL ABYSS CORP SEDOL BYX56S9 | 0.80% | XIAOMI CORP-CLASS B SEDOL BG0ZMJ9 | 0.77% | THOUGHTWORKS HOLDING INC SEDOL BMYR6Y6 | 0.72% | REMITLY GLOBAL INC SEDOL BNZJHH8 | 0.47% | POYA INTERNATIONAL CO LTD SEDOL 6541826 | 0.16% | HC BRILLANT SERVICES GMBH P/P | 0.00% |
Portfolio Composition as of 12/31/21
| Common stock | 100.17% |
| Cash and net other assets | -0.17% |
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 12/31/21
| Information technology | 35.10% |
|---|---|
| Communication services | 15.80% |
| Consumer discretionary | 13.01% |
| Financials | 11.48% |
| Industrials | 8.25% |
| Health care | 6.16% |
| Consumer staples | 5.10% |
| Energy | 2.65% |
| Materials | 1.88% |
| Other | 0.57% |
1
Country Allocation as of 12/31/21
| China | 24.36% |
|---|---|
| Taiwan | 19.09% |
| India | 19.08% |
| South Korea | 12.37% |
| Hong Kong | 4.72% |
| Argentina | 4.61% |
| Mexico | 3.71% |
| Russia | 2.92% |
| Cyprus | 1.73% |
| Other | 7.41% |
1
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% |