Putnam Allstate Advisor Plus

Putnam International Growth Subaccount

The subaccount seeks long-term capital appreciation.

Fund description

The subaccount invests in companies outside the United States experiencing rapid earnings, sales, and business unit growth, and with the potential for positive earnings surprises. The fund invests primarily in large and midsize companies with superior competitive positions within their industries.

Sales story

Harnessing the potential of international growth companiesInternational growth: The fund invests in international companies with above-average earnings growth primarily from developed international markets.Diverse companies: The portfolio includes large companies that dominate their industries and midsize companies that are emerging leaders with strong future potential.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.

Management team

Daily pricing as of 12/15/17

with optional enhanced death benefits
Unit Value $8.586788 $8.35667
Unit Value Change 0.007114 0.006889

Lipper ranking ‡ as of 11/30/17

Category: International Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 42% 26/61
1 yr. 9% 7/83
3 yrs. 62% 51/82
5 yrs. 47% 37/78

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

‡ 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 11/30/17

Fiscal Year End December
Asset Class Putnam Allstate Advisor Plus
Subaccount Status Open to new investors
Number of issues 97
Turnover (fiscal year end) 117%
Net Assets $43M
Inception Date 01/02/97

Performance

Performance as of 09/30/17

Annualized Performance Last Quarter Year
to Date
1 yr. 3 yrs. 5 yrs. 10 yrs. Life of
subaccount
Restated performance
Unit Value 8.30% 27.67% 18.26% 3.57% 6.58% 0.19% 3.40%
Standardized 0.30% 19.67% 10.26% 1.02% 5.64% 0.19% 3.40%
With optional enhanced death benefit
Unit Value 8.26% 27.52% 18.08% 3.41% 6.42% 0.04% 3.24%
Standardized 0.26% 19.52% 10.08% 0.86% 5.47% 0.04% 3.24%
Actual performance
Unit Value 8.30% 27.67% 18.26% 3.57% 6.58% 0.19% -1.26%
Standardized 0.30% 19.67% 10.26% 1.02% 5.64% 0.19% -1.26%
With optional enhanced death benefit
Unit Value 8.26% 27.52% 18.08% 3.41% 6.42% 0.04% -1.41%
Standardized 0.26% 19.52% 10.08% 0.86% 5.47% 0.04% -1.41%

Annual Performance at NAV

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
11.39% -43.40% 36.15% 10.41% -19.21% 19.07% 20.41% -7.65% -0.50% -8.21%
With optional enhanced death benefit
11.22% -43.49% 35.94% 10.24% -19.33% 18.89% 20.23% -7.79% -0.65% -8.35%

Restated performance

Monthly as of 11/30/17

Unit Value 1.32%
Standardized -6.68%

YTD as of 12/15/17

Unit Value 30.13%
Standardized 22.13%

With optional enhanced death benefit

Monthly as of 11/30/17

Unit Value 1.30%
Standardized -6.70%

YTD as of 12/15/17

Unit Value 29.94%
Standardized 21.94%

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 Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, 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 Hartford 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 Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

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

Risk Characteristics as of 11/30/17

Alpha (%) -0.45
Beta 0.94
R Squared 0.91
Standard Deviation (3 yrs.) 11.76

Holdings

Top 10 holdings as of 11/30/17

Tencent Holdings 2.31%
Bayer Ag 2.30%
Sony Corp 2.25%
Aia Group 2.08%
Burford Capital 1.99%
Challenger Financial Service 1.86%
Shire 1.79%
Alibaba Group Holding 1.68%
Compass Group 1.68%
Reed Elsevier N.V. 1.64%
Top 10 holdings, total: 19.58%

Equity Holdings as of 09/30/17

BAYER AG-REG 2.50%
TENCENT HOLDINGS LTD 1.96%
AIA GROUP LTD 1.92%
SONY CORP 1.83%
AIRBUS SE 1.82%
CHALLENGER LTD 1.74%
ALIBABA GROUP HOLDING-SP ADR 1.67%
VALEO SA 1.67%
SHIRE PLC 1.65%
COMPASS GROUP PLC 1.62%
RELX NV 1.55%
UNILEVER NV-CVA 1.54%
SIEMENS AG 1.52%
HDFC BANK LIMITED 1.45%
HEINEKEN NV 1.45%
BURFORD CAPITAL LTD 1.42%
DALATA HOTEL GROUP PLC 1.41%
ALCOA CORP 1.40%
ASSOCIATED BRITISH FOODS PLC 1.38%
DIAGEO PLC 1.38%
KERRY GROUP PLC-A 1.38%
JOHNSON CONTROLS INTERNATION 1.37%
NOKIA OYJ 1.37%
TDK CORP 1.36%
ADIDAS AG 1.30%
KYUDENKO CORP 1.30%
RPC GROUP PLC 1.29%
ROYAL DUTCH SHELL PLC-A SHS 1.28%
SMS CO LTD 1.24%
ING GROEP NV-CVA 1.23%
UNICREDIT SPA 1.22%
CLINIGEN GROUP PLC 1.21%
ENCANA CORP 1.21%
SK HYNIX INC 1.20%
AMUNDI SA 1.18%
KUMAGAI GUMI CO LTD 1.14%
ORIX CORP 1.13%
THALES SA 1.12%
KOMATSU LTD 1.10%
SBERBANK PJSC -SPONSORED ADR 1.10%
SOCIETE GENERALE SA 1.09%
SMC CORP 1.08%
TOYO TIRE & RUBBER CO LTD 1.08%
LAFARGEHOLCIM LTD-REG 1.03%
BANCO MACRO SA-ADR 0.98%
DXC TECHNOLOGY CO 0.97%
ILUKA RESOURCES LTD 0.95%
ALBEMARLE CORP 0.93%
X 5 RETAIL GROUP NV-REGS GDR 0.92%
RHEINMETALL AG 0.91%
IRB BRASIL RESSEGUROS SA 0.89%
SCREEN HOLDINGS CO LTD 0.89%
SECURITAS AB-B SHS 0.88%
OUTSOURCING INC 0.86%
SANWA HOLDINGS CORP 0.85%
ASSA ABLOY AB-B 0.84%
ALTICE NV - A 0.83%
HIBERNIA REIT PLC 0.82%
NCSOFT CORP 0.81%
ELITE MATERIAL CO LTD 0.80%
MTU AERO ENGINES AG 0.79%
COM HEM HOLDING AB 0.75%
SHANGHAI FOSUN PHARMACEUTI-H 0.75%
TURKCELL ILETISI 0.74%
ROHM CO LTD 0.73%
CHINA WATER AFFAIRS GROUP 0.72%
DART GROUP PLC 0.72%
AKZO NOBEL 0.70%
POWER GRID CORP OF INDIA LTD 0.70%
STMICROELECTRONICS NV 0.70%
COX AND KINGS LTD 0.68%
HAMILTON LANE INC-CLASS A 0.67%
RAYTHEON COMPANY 0.67%
LASERTEC CORP 0.66%
AIN HOLDINGS INC 0.64%
DMG MORI CO LTD 0.64%
RICHTER GEDEON NYRT 0.64%
BASSO INDUSTRY CORP 0.63%
NINTENDO CO LTD 0.61%
JAZZ PHARMACEUTICALS PLC 0.60%
LIBERTY GLOBAL PLC LILAC - C 0.60%
NOMAD FOODS LTD 0.59%
DELIVERY HERO HOLDIN P/P 0.58%
ZEE ENTERTAINMENT ENTERPRISE 0.58%
CAIRN ENERGY PLC 0.54%
ADMIRAL GROUP PLC 0.53%
KEI INDUSTRIES LTD 0.53%
SHISEIDO CO LTD 0.53%
PALTAC CORPORATION 0.52%
CHINA BIOLOGIC PRODUCTS HOLD 0.51%
ALPHABET INC-CL C 0.46%
PC JEWELLER LTD 0.42%
KKR & CO LP 0.41%
INSTRUCTURE INC 0.40%
DELIVERY HERO AG 0.25%
GLOBAL FASHION GRP P/P 0.04%
FABFURNISH GMBH P/P 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%

Full Portfolio Holdings as of 09/30/17

BAYER AG-REG 2.50%
TENCENT HOLDINGS LTD 1.96%
AIA GROUP LTD 1.92%
SONY CORP 1.83%
AIRBUS SE 1.82%
CHALLENGER LTD 1.74%
ALIBABA GROUP HOLDING-SP ADR 1.67%
VALEO SA 1.67%
SHIRE PLC 1.65%
COMPASS GROUP PLC 1.62%
RELX NV 1.55%
UNILEVER NV-CVA 1.54%
SIEMENS AG 1.52%
HDFC BANK LIMITED 1.45%
HEINEKEN NV 1.45%
BURFORD CAPITAL LTD 1.42%
DALATA HOTEL GROUP PLC 1.41%
ALCOA CORP 1.40%
ASSOCIATED BRITISH FOODS PLC 1.38%
DIAGEO PLC 1.38%
KERRY GROUP PLC-A 1.38%
JOHNSON CONTROLS INTERNATION 1.37%
NOKIA OYJ 1.37%
TDK CORP 1.36%
ADIDAS AG 1.30%
KYUDENKO CORP 1.30%
RPC GROUP PLC 1.29%
ROYAL DUTCH SHELL PLC-A SHS 1.28%
SMS CO LTD 1.24%
ING GROEP NV-CVA 1.23%
UNICREDIT SPA 1.22%
CLINIGEN GROUP PLC 1.21%
ENCANA CORP 1.21%
SK HYNIX INC 1.20%
AMUNDI SA 1.18%
KUMAGAI GUMI CO LTD 1.14%
ORIX CORP 1.13%
THALES SA 1.12%
KOMATSU LTD 1.10%
SBERBANK PJSC -SPONSORED ADR 1.10%
SHANGHAI INTL AIRPORT CO LTD 144A REGS WARRANT 05/07/2018 1.09%
SOCIETE GENERALE SA 1.09%
SMC CORP 1.08%
TOYO TIRE & RUBBER CO LTD 1.08%
LAFARGEHOLCIM LTD-REG 1.03%
BANCO MACRO SA-ADR 0.98%
DXC TECHNOLOGY CO 0.97%
ILUKA RESOURCES LTD 0.95%
ALBEMARLE CORP 0.93%
X 5 RETAIL GROUP NV-REGS GDR 0.92%
RHEINMETALL AG 0.91%
IRB BRASIL RESSEGUROS SA 0.89%
SCREEN HOLDINGS CO LTD 0.89%
SECURITAS AB-B SHS 0.88%
OUTSOURCING INC 0.86%
SANWA HOLDINGS CORP 0.85%
ASSA ABLOY AB-B 0.84%
ALTICE NV - A 0.83%
HIBERNIA REIT PLC 0.82%
NCSOFT CORP 0.81%
ELITE MATERIAL CO LTD 0.80%
MTU AERO ENGINES AG 0.79%
COM HEM HOLDING AB 0.75%
SHANGHAI FOSUN PHARMACEUTI-H 0.75%
TURKCELL ILETISI 0.74%
ROHM CO LTD 0.73%
CHINA WATER AFFAIRS GROUP 0.72%
DART GROUP PLC 0.72%
AKZO NOBEL 0.70%
POWER GRID CORP OF INDIA LTD 0.70%
STMICROELECTRONICS NV 0.70%
COX AND KINGS LTD 0.68%
HAMILTON LANE INC-CLASS A 0.67%
RAYTHEON COMPANY 0.67%
LASERTEC CORP 0.66%
AIN HOLDINGS INC 0.64%
DMG MORI CO LTD 0.64%
RICHTER GEDEON NYRT 0.64%
BASSO INDUSTRY CORP 0.63%
NINTENDO CO LTD 0.61%
JAZZ PHARMACEUTICALS PLC 0.60%
LIBERTY GLOBAL PLC LILAC - C 0.60%
NOMAD FOODS LTD 0.59%
DELIVERY HERO HOLDIN P/P 0.58%
ZEE ENTERTAINMENT ENTERPRISE 0.58%
CAIRN ENERGY PLC 0.54%
ADMIRAL GROUP PLC 0.53%
KEI INDUSTRIES LTD 0.53%
SHISEIDO CO LTD 0.53%
PALTAC CORPORATION 0.52%
CHINA BIOLOGIC PRODUCTS HOLD 0.51%
ALPHABET INC-CL C 0.46%
PC JEWELLER LTD 0.42%
KKR & CO LP 0.41%
INSTRUCTURE INC 0.40%
DELIVERY HERO AG 0.25%
TAIWAN DOLLAR CALL ACCOUNT 0.08%
INDIAN RUPEE CALL ACCOUNT 0.07%
CHF/USD 12/20/2017 SSBT 0.04%
GLOBAL FASHION GRP P/P 0.04%
GBP/USD 12/20/2017 JPMCB 0.03%
CHF/USD 12/20/2017 BCAP-FX 0.02%
EUR/USD 12/20/2017 CITI 0.02%
EUR/USD 12/20/2017 GSFX 0.02%
CHF/USD 12/20/2017 UBS 0.01%
DKK/USD 12/20/2017 CITI 0.01%
JPY/USD 11/15/2017 CITI 0.01%
NOK/USD 12/20/2017 JPMCB 0.01%
AUD/USD 10/18/2017 BANKAM 0.00%
AUD/USD 10/18/2017 CITI 0.00%
AUD/USD 10/18/2017 GSFX 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 10/18/2017 CSI-FX 0.00%
CAD/USD 10/18/2017 SSBT 0.00%
EUR/USD 12/20/2017 BCAP-FX 0.00%
EUR/USD 12/20/2017 JPMCB 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 12/20/2017 CITI 0.00%
HKD/USD 11/15/2017 BANKAM 0.00%
HKD/USD 11/15/2017 BCAP-FX 0.00%
HONG KONG DOLLAR CALL ACCOUNT 0.00%
ILS/USD 10/18/2017 SSBT 0.00%
JPY/USD 11/15/2017 BANKAM 0.00%
JPY/USD 11/15/2017 JPMCB 0.00%
JPY/USD 11/15/2017 SSBT 0.00%
KOREAN WON CALL ACCOUNT 0.00%
KRW/USD 11/15/2017 JPMCB 0.00%
MXN/USD 10/18/2017 CITI 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NZD/USD 10/18/2017 JPMCB 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 12/20/2017 JPMCB 0.00%
SGD/USD 11/15/2017 JPMCB 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
CNH/USD 11/15/2017 GSFX -0.01%
JPY/USD 11/15/2017 GSFX -0.01%
CHF/USD 12/20/2017 JPMCB -0.02%
EUR/USD 12/20/2017 HSBCB -0.02%
GBP/USD 12/20/2017 BANKAM -0.03%

Prior top 10 holdings

Top 10 holdings as of 11/30/17
1: Tencent Holdings 2.31%
2: Bayer Ag 2.30%
3: Sony Corp 2.25%
4: Aia Group 2.08%
5: Burford Capital 1.99%
6: Challenger Financial Service 1.86%
7: Shire 1.79%
8: Alibaba Group Holding 1.68%
9: Compass Group 1.68%
10: Reed Elsevier N.V. 1.64%
Holdings represent 19.58% of portfolio
Top 10 holdings as of 10/31/17
1: Bayer Ag 2.37%
2: Tencent Holdings 2.02%
3: Burford Capital 1.98%
4: Aia Group 1.94%
5: Sony Corp 1.90%
6: Compass Group 1.83%
7: Challenger Financial Service 1.79%
8: Alibaba Group Holding 1.77%
9: Reed Elsevier N.V. 1.64%
10: Shire 1.59%
Holdings represent 18.83% of portfolio
Top 10 holdings as of 09/30/17
1: Bayer Ag 2.50%
2: Tencent Holdings 1.96%
3: Aia Group 1.92%
4: Sony Corp 1.83%
5: Airbus 1.82%
6: Challenger Financial Service 1.74%
7: Valeo 1.67%
8: Alibaba Group Holding 1.67%
9: Shire 1.65%
10: Compass Group 1.62%
Holdings represent 18.38% of portfolio
Top 10 holdings as of 08/31/17
1: Bayer Ag 2.40%
2: Aia Group 2.04%
3: Tencent Holdings 1.98%
4: Sony Corp 1.85%
5: Challenger Financial Service 1.82%
6: Alibaba Group Holding 1.70%
7: Compass Group 1.68%
8: Clinigen Group 1.63%
9: Unilever Nv 1.59%
10: Heineken Nv 1.58%
Holdings represent 18.27% of portfolio

Portfolio Composition as of 11/30/17

Common stock 98.06%
Cash and net other assets 1.94%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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 11/30/17

Industrials 21.34%
Financials 18.84%
Information technology 16.89%
Consumer discretionary 13.73%
Consumer staples 8.91%
Health care 7.12%
Materials 5.29%
Energy 2.92%
Cash and net other assets 1.94%
 
Other
3.02%
Telecommunication services 1.82%
Real estate 0.66%
Utilities 0.54%

Country Allocation as of 11/30/17

Japan 19.76%
United Kingdom 16.06%
Germany 9.25%
United States 8.58%
China 8.27%
France 6.14%
Netherlands 4.46%
Ireland 3.70%
India 3.30%
 
Other
20.48%
Australia 2.89%
Hong Kong 2.08%
Russia 1.99%
Cash and net other assets 1.94%
Sweden 1.74%
South Korea 1.33%
Taiwan 1.22%
Italy 1.14%
Finland 1.13%
Brazil 1.11%
Canada 1.01%
Switzerland 0.94%
Turkey 0.89%
Argentina 0.64%
British Virgin Islands 0.40%
Luxembourg 0.03%

Expenses

Sales Charges/Fees

Breakpoint Sales Charge Dealer Allowance CDSC Liab
$0 - $0 0.00% 0.00% N

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

‡ 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.

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%