‡ 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 Capital Manager
Putnam Sustainable Future Subaccount
The subaccount seeks long-term capital appreciation.
Fund description
The subaccount employs a value strategy to identify undervalued, high-quality companies among the market's mid-cap offerings. The subaccount's managers seek stocks they believe have been under-estimated by the market. They target profitable, established companies of two kinds: smaller companies that have grown to midsize, and larger companies that have fallen out of favor temporarily but are expected to recover.
Sales story
Investing in growing companies solving sustainability challengesImpact companies: The subaccount invests in companies we believe have strong fundamentals that offer potential solutions to key sustainability challenges. Active strategy: A framework grounded in fundamental research and focused on impact-oriented sustainability solutions drives investment decisions. Experienced team:An experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups.
Management team
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Lipper ranking ‡ as of 01/31/21
Category: Multi-Cap Growth Funds
Percentile ranking | Rank/Funds in category | |
---|---|---|
10 yrs. | 52% | 46/88 |
1 yr. | 22% | 21/99 |
3 yrs. | 29% | 28/99 |
5 yrs. | 47% | 46/99 |
Risk Characteristics as of 01/31/21
Alpha (%) | 5.85 |
Beta | 0.92 |
R squared | 0.96 |
Standard deviation (3 yrs.) | 20.12 |
Quick facts as of 02/28/21
Fiscal Year End | December |
Asset Class | Putnam Capital Manager |
Subaccount Status | Open to new investors |
Number of issues | 77 |
Turnover (fiscal year end) | 50% |
Net Assets | $46M |
Inception Date | 05/01/03 |
Holdings
Danaher Corp | 3.33% |
Adobe | 2.74% |
Thermo Fisher Scientific | 2.53% |
Crowdstrike Holdings | 2.39% |
Applied Materials | 2.34% |
Chipotle Mexican Grill | 2.34% |
First Republic Bank/Ca | 2.20% |
Hologic | 2.08% |
Ringcentral | 2.07% |
Docusign | 2.03% |
Top 10 holdings, total: | 24.05% |
Top 10 holdings as of 01/31/21 | |
---|---|
1: Danaher Corp | 3.33% |
2: Adobe | 2.74% |
3: Thermo Fisher Scientific | 2.53% |
4: Crowdstrike Holdings | 2.39% |
5: Applied Materials | 2.34% |
6: Chipotle Mexican Grill | 2.34% |
7: First Republic Bank/Ca | 2.20% |
8: Hologic | 2.08% |
9: Ringcentral | 2.07% |
10: Docusign | 2.03% |
Holdings represent 24.05% of portfolio |
Top 10 holdings as of 12/31/20 | |
---|---|
1: Danaher Corp | 3.08% |
2: Adobe | 2.96% |
3: Crowdstrike Holdings | 2.33% |
4: Thermo Fisher Scientific | 2.30% |
5: First Republic Bank/Ca | 2.22% |
6: Ringcentral | 2.21% |
7: Chipotle Mexican Grill | 2.18% |
8: Applied Materials | 2.07% |
9: Msci | 2.00% |
10: Docusign | 1.92% |
Holdings represent 23.27% of portfolio |
Top 10 holdings as of 11/30/20 | |
---|---|
1: Danaher Corp | 3.29% |
2: Thermo Fisher Scientific | 3.04% |
3: Adobe | 2.99% |
4: Chipotle Mexican Grill | 2.09% |
5: Applied Materials | 2.05% |
6: First Republic Bank/Ca | 2.04% |
7: Docusign | 2.04% |
8: Ball Corp | 2.03% |
9: Crowdstrike Holdings | 1.92% |
10: Msci | 1.90% |
Holdings represent 23.39% of portfolio |
Top 10 holdings as of 10/31/20 | |
---|---|
1: Danaher Corp | 3.73% |
2: Thermo Fisher Scientific | 3.43% |
3: Adobe | 3.10% |
4: First Republic Bank/Ca | 2.21% |
5: Chipotle Mexican Grill | 2.16% |
6: Ball Corp | 2.09% |
7: Docusign | 2.01% |
8: Bio-Rad Laboratories | 1.89% |
9: Msci | 1.80% |
10: Hologic | 1.79% |
Holdings represent 24.21% of portfolio |
DANAHER CORP SEDOL 2250870 | 3.08% | ADOBE INC SEDOL 2008154 | 2.96% | CROWDSTRIKE HOLDINGS INC - A SEDOL BJJP138 | 2.33% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.30% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 2.22% | RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 2.21% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 2.18% | APPLIED MATERIALS INC SEDOL 2046552 | 2.07% | MSCI INC SEDOL B2972D2 | 2.00% | DOCUSIGN INC SEDOL BFYT7B7 | 1.92% | BALL CORP SEDOL 2073022 | 1.88% | EVERBRIDGE INC SEDOL BYY5ZB4 | 1.85% | LIGHTSPEED POS INC-SUB VOTE SEDOL BGHVW01 | 1.77% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 1.76% | GODADDY INC - CLASS A SEDOL BWFRFC6 | 1.71% | DYNATRACE INC SEDOL BJV2RD9 | 1.69% | HOLOGIC INC SEDOL 2433530 | 1.64% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.63% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 1.63% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.63% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.63% | TRIMBLE INC SEDOL 2903958 | 1.60% | TELADOC HEALTH INC SEDOL BYQRFY1 | 1.52% | COOPER COS INC/THE SEDOL 2222631 | 1.51% | NEXTERA ENERGY INC SEDOL 2328915 | 1.50% | MASTERCARD INC - A SEDOL B121557 | 1.49% | HERMAN MILLER INC SEDOL 2594222 | 1.42% | SEAGEN INC SEDOL BLPK4D2 | 1.41% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.37% | UNITED RENTALS INC SEDOL 2134781 | 1.34% | SUNRUN INC SEDOL BYXB1Y8 | 1.33% | DOLLAR GENERAL CORP SEDOL B5B1S13 | 1.30% | HEALTHEQUITY INC SEDOL BP8XZL1 | 1.30% | CHEGG INC SEDOL BG6N6K6 | 1.26% | MESA LABORATORIES INC SEDOL 2553814 | 1.26% | TALEND SA - ADR SEDOL BD39HN6 | 1.26% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.25% | EURAZEO SE SEDOL 7042395 | 1.24% | NOMAD FOODS LTD SEDOL BQFJGK5 | 1.20% | FORTIVE CORPORATION 05.0000 CUM CV PFD | 1.14% | ECOLAB INC SEDOL 2304227 | 1.12% | ITRON INC SEDOL 2471949 | 1.12% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.10% | INTERFACE INC SEDOL B86V808 | 1.09% | INGEVITY CORP SEDOL BD4LHG4 | 1.07% | VERTEX INC - CLASS A SEDOL BMX6DM1 | 1.05% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 1.03% | XYLEM INC SEDOL B3P2CN8 | 1.02% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.99% | NEVRO CORP SEDOL BS7K7C9 | 0.97% | VAIL RESORTS INC SEDOL 2954194 | 0.97% | RESMED INC SEDOL 2732903 | 0.95% | ETSY INC SEDOL BWTN5N1 | 0.92% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 0.90% | ARRAY TECHNOLOGIES INC SEDOL BLBLMD5 | 0.89% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.89% | ZOETIS INC SEDOL B95WG16 | 0.87% | WW INTERNATIONAL INC SEDOL BK71LY6 | 0.86% | LIBERTY GLOBAL PLC- C SEDOL B8W67B1 | 0.85% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 0.84% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.82% | ELASTIC NV SEDOL BFXCLC6 | 0.79% | INSULET CORP SEDOL B1XGNW4 | 0.78% | SALESFORCE.COM INC SEDOL 2310525 | 0.77% | TREX COMPANY INC SEDOL 2483074 | 0.76% | AZEK CO INC/THE SEDOL BKPVG43 | 0.75% | FIRST SOLAR INC SEDOL B1HMF22 | 0.72% | LAIRD SUPERFOOD INC SEDOL BN2BDY6 | 0.64% | CREE INC SEDOL 2232351 | 0.62% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 0.53% | STITCH FIX INC-CLASS A SEDOL BF3FPW3 | 0.52% | DEXCOM INC SEDOL B0796X4 | 0.51% | LYFT INC-A SEDOL BJT1RW7 | 0.41% | SNOWFLAKE INC-CLASS A SEDOL BN134B7 | 0.27% | BEYOND MEAT INC SEDOL BJ1FDK7 | 0.26% | EUR/USD 03/17/2021 JPMCB | -0.00% | EUR/USD 03/17/2021 SSBT | -0.00% | EUR/USD 03/17/2021 UBS | -0.00% | GBP/USD 03/17/2021 HSBCB | -0.00% | EUR/USD 03/17/2021 BANKAM | -0.00% | GBP/USD 03/17/2021 BCAP-FX | -0.01% |
ADOBE INC SEDOL 2008154 | 3.62% | DANAHER CORP SEDOL 2250870 | 3.57% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 3.07% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 2.18% | DOCUSIGN INC SEDOL BFYT7B7 | 2.08% | RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 2.07% | BALL CORP SEDOL 2073022 | 1.86% | SALESFORCE.COM INC SEDOL 2310525 | 1.85% | CROWDSTRIKE HOLDINGS INC - A SEDOL BJJP138 | 1.85% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.84% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.83% | SUNRUN INC SEDOL BYXB1Y8 | 1.80% | MSCI INC SEDOL B2972D2 | 1.78% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.77% | GODADDY INC - CLASS A SEDOL BWFRFC6 | 1.72% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 1.71% | HOLOGIC INC SEDOL 2433530 | 1.68% | DYNATRACE INC SEDOL BJV2RD9 | 1.66% | UNITED RENTALS INC SEDOL 2134781 | 1.65% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.62% | EVERBRIDGE INC SEDOL BYY5ZB4 | 1.61% | APPLIED MATERIALS INC SEDOL 2046552 | 1.58% | MASTERCARD INC - A SEDOL B121557 | 1.55% | NEXTERA ENERGY INC SEDOL 2328915 | 1.51% | DOLLAR GENERAL CORP SEDOL B5B1S13 | 1.44% | HERMAN MILLER INC SEDOL 2594222 | 1.42% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.42% | TALEND SA - ADR SEDOL BD39HN6 | 1.41% | NOMAD FOODS LTD SEDOL BQFJGK5 | 1.34% | VAIL RESORTS INC SEDOL 2954194 | 1.33% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 1.30% | TRIMBLE INC SEDOL 2903958 | 1.30% | ECOLAB INC SEDOL 2304227 | 1.29% | SEATTLE GENETICS INC SEDOL 2738127 | 1.28% | TELADOC HEALTH INC SEDOL BYQRFY1 | 1.27% | FORTIVE CORPORATION 05.0000 CUM CV PFD | 1.26% | MESA LABORATORIES INC SEDOL 2553814 | 1.24% | HEALTHEQUITY INC SEDOL BP8XZL1 | 1.19% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.19% | STITCH FIX INC-CLASS A SEDOL BF3FPW3 | 1.19% | XYLEM INC SEDOL B3P2CN8 | 1.14% | CHEGG INC SEDOL BG6N6K6 | 1.11% | LAIRD SUPERFOOD INC SEDOL BN2BDY6 | 1.06% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.05% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.03% | INSULET CORP SEDOL B1XGNW4 | 1.02% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.99% | COOPER COS INC/THE SEDOL 2222631 | 0.99% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 0.99% | EURAZEO SE SEDOL 7042395 | 0.98% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.96% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 0.91% | LIGHTSPEED POS INC-SUB VOTE SEDOL BGHVW01 | 0.89% | BEYOND MEAT INC SEDOL BJ1FDK7 | 0.89% | RESMED INC SEDOL 2732903 | 0.84% | ITRON INC SEDOL 2471949 | 0.80% | FIRST SOLAR INC SEDOL B1HMF22 | 0.80% | LIBERTY GLOBAL PLC- C SEDOL B8W67B1 | 0.80% | VERTEX INC - CLASS A SEDOL BMX6DM1 | 0.77% | CREE INC SEDOL 2232351 | 0.76% | AZEK CO INC/THE SEDOL BKPVG43 | 0.76% | TREX COMPANY INC SEDOL 2483074 | 0.72% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.71% | NEVRO CORP SEDOL BS7K7C9 | 0.70% | ETSY INC SEDOL BWTN5N1 | 0.69% | ELASTIC NV SEDOL BFXCLC6 | 0.64% | INTERFACE INC SEDOL B86V808 | 0.61% | SPAQ/FISKER | 0.59% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 0.57% | WW INTERNATIONAL INC SEDOL BK71LY6 | 0.52% | ZOETIS INC SEDOL B95WG16 | 0.46% | CARRIER GLOBAL CORP SEDOL BK4N0D7 | 0.40% | CLARIVATE PLC SEDOL BJJN444 | 0.33% | SNOWFLAKE INC-CLASS A SEDOL BN134B7 | 0.26% | LIVONGO HEALTH INC SEDOL BK74NR2 | 0.26% | LYFT INC-A SEDOL BJT1RW7 | 0.25% | GBP/USD 12/16/2020 BCAP-FX | 0.02% | EUR/USD 12/16/2020 BANKAM | 0.01% | GBP/USD 12/16/2020 HSBCB | 0.01% | EUR/USD 12/16/2020 JPMCB | 0.00% | EUR/USD 12/16/2020 UBS | 0.00% | EUR/USD 12/16/2020 SSBT | -0.00% |
Portfolio Composition as of 01/31/21
Common stock | 97.65% |
Cash and net other assets | 1.25% |
Convertible preferred stock | 1.10% |
Consider these risks before investing: 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. Growth stocks may be more susceptible to earnings disappointments, technological obsolescence, falling prices and profits, and the market may not favor growth-style investing. Investments in small and midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. The fund's sustainable and environmental, social, and/or corporate governance (ESG) investment strategy may cause the fund to forego otherwise attractive investment opportunities or may increase or decrease the fund’s exposure to certain types of companies and, therefore, to underperform funds that do not invest with a similar focus. 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. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. 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 01/31/21
Information technology | 31.91% |
---|---|
Health care | 27.02% |
Consumer discretionary | 9.90% |
Industrials | 9.27% |
Financials | 7.49% |
Materials | 6.41% |
Consumer staples | 3.24% |
Communication services | 1.92% |
Utilities | 1.59% |
Other | 1.25% |
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