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Putnam Hartford Capital Manager
Putnam Equity Income Subaccount
The subaccount seeks current income. Capital growth is a secondary objective when consistent with seeking current income.
- Highlights
- Holdings
Fund description
The subaccount employs Putnam's value strategy to invest primarily in stocks of large and mid-sized companies that are undervalued and poised for positive change. The subaccount favors dividend-paying companies and is broadly diversified across market sectors. To help manage volatility and increase current income, up to 20% of the portfolio can be invested in high quality, fixed-income securities.
Sales story
Seeking to harness the power of stock dividends Dividend-paying companies: Dividends offer evidence of a company's commitment to creating shareholder value and are typically paid by more established companies.A large-value focus: The fund focuses on large companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.A rigorous process: The fund's experienced manager combines quantitative research with rigorous fundamental investment research to find opportunities and manage risk.
Management team
- Walter D. Scully, CPA (Investing since 1996)
- Darren A. Jaroch, CFA (Investing since 1996)
Lipper ranking ‡ as of 05/31/17
Category: Equity Income Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 6% | 3/53 |
| 1 yr. | 26% | 19/75 |
| 3 yrs. | 30% | 21/70 |
| 5 yrs. | 4% | 2/62 |
Risk Characteristics as of 05/31/17
| Alpha (%) | -0.02 |
|---|---|
| Beta | 0.96 |
| R squared | 0.97 |
| Standard deviation (3 yrs.) | 10.16 |
Mutual funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Capital gains, if any, are taxable for federal and, in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. 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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
‡ 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.