Putnam Hartford Capital Manager

Putnam Sustainable Future Subaccount

The subaccount seeks long-term capital appreciation.

Putnam Sustainable Future Subaccount

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 fund invests in growth companies that directly demonstrate positive impact in social, environmental, or economic development.Active strategy: The managers utilize bottom-up research to identify companies with attractive sustainability, fundamental, and valuation characteristics.Veteran team: A dedicated sustainable investing team is backed by Putnam's equity research and quantitative/risk analysis groups.

Management team

Lipper ranking ‡ as of 06/30/18

Category: Multi-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 92% 72/78
1 yr. 95% 94/98
3 yrs. 93% 91/97
5 yrs. 86% 82/95

Risk Characteristics as of 06/30/18

Alpha (%) -1.79
Beta 0.91
R squared 0.87
Standard deviation (3 yrs.) 10.11

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

Quick facts as of 06/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 56
Turnover (fiscal year end) 61%
Net Assets $35M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 06/30/18

Novozymes A/S - B Shares 4.54%
Mccormick Md 3.90%
Becton Dickinson And 3.80%
Dxc Technology 3.49%
Salesforce.Com 3.38%
Vail Resorts 3.33%
Unilever 3.27%
Alphabet 3.19%
First Republic Bank/Ca 2.85%
Chipotle Mexican Grill 2.78%
Top 10 holdings, total: 34.53%

 
Equity Holdings  | Full portfolio  |  Prior top 10 holdings

Equity Holdings as of 03/31/18
DXC TECHNOLOGY CO 4.41%
BANK OF AMERICA CORP 3.73%
BECTON DICKINSON AND CO 3.36%
E*TRADE FINANCIAL CORPORATION 3.13%
UNION PACIFIC CORP 2.93%
FIRST REPUBLIC BANK/CA 2.66%
DANAHER CORP 2.64%
NORTHROP GRUMMAN CORP 2.64%
JAZZ PHARMACEUTICALS PLC 2.53%
CONOCOPHILLIPS 2.50%
BOSTON SCIENTIFIC CORP 2.27%
AMETEK INC 2.14%
EXELON CORP 1.93%
CITIGROUP INC 1.86%
EOG RESOURCES INC 1.85%
FIDELITY NATIONAL INFO SERV 1.81%
INVESCO LTD 1.75%
L3 TECHNOLOGIES INC 1.71%
BALL CORP 1.64%
UNILEVER PLC 1.63%
EAST WEST BANCORP INC 1.62%
PINNACLE FOODS INC 1.57%
GOLDMAN SACHS GROUP INC 1.56%
PIPER JAFFRAY COS 1.56%
W.R. GRACE & CO 1.28%
AMEREN CORPORATION 1.19%
HARTFORD FINANCIAL SVCS GRP 1.18%
KION GROUP AG 1.16%
KEYCORP 1.14%
CMS ENERGY CORP 1.12%
PACWEST BANCORP 1.10%
NRG ENERGY INC 1.09%
NORFOLK SOUTHERN CORP 1.06%
ALCOA CORP 1.05%
HOST HOTELS & RESORTS INC 1.04%
TJX COMPANIES INC 1.04%
ENCANA CORP 1.01%
GRAPHIC PACKAGING HOLDING CO 1.00%
ORBOTECH LTD 0.98%
AGILENT TECHNOLOGIES INC 0.96%
AMERICAN INTERNATIONAL GROUP 0.96%
ASSURED GUARANTY LTD 0.92%
ECOLAB INC 0.87%
MARATHON OIL CORP 0.87%
DENTSPLY SIRONA INC 0.85%
KRAFT HEINZ CO/THE 0.85%
FIRST SOLAR INC 0.84%
PULTEGROUP INC 0.84%
ANADARKO PETROLEUM CORP 0.82%
DR PEPPER SNAPPLE GROUP INC 0.81%
AMERICAN AIRLINES GROUP INC 0.79%
HILTON WORLDWIDE HOLDINGS IN 0.76%
OSHKOSH CORP 0.74%
XEROX CORP 0.68%
CELANESE CORP-SERIES A 0.65%
CF INDUSTRIES HOLDINGS INC 0.63%
DOVER CORP 0.63%
OWENS CORNING 0.61%
APACHE CORP 0.54%
MICHAELS COS INC/THE 0.54%
WEBSTER FINANCIAL CORP 0.53%
NOVOZYMES A/S-UNSPONS ADR 0.52%
SUMMIT MATERIALS INC -CL A 0.52%
GAP INC/THE 0.50%
OLD NATIONAL BANCORP 0.49%
BRUNSWICK CORP 0.46%
ARAMARK 0.40%
REGIONS FINANCIAL CORP 0.40%
MEDICINES COMPANY 0.39%
JOHNSON CONTROLS INTERNATION 0.35%
LAM RESEARCH CORP 0.34%
TRANSOCEAN LTD 0.29%
DEVON ENERGY CORP 0.28%
EQT CORP 0.23%
TIFFANY & CO 0.01%

Full Portfolio Holdings as of 03/31/18
DXC TECHNOLOGY CO 4.41%
BANK OF AMERICA CORP 3.73%
BECTON DICKINSON AND CO 3.36%
E*TRADE FINANCIAL CORPORATION 3.13%
UNION PACIFIC CORP 2.93%
FIRST REPUBLIC BANK/CA 2.66%
DANAHER CORP 2.64%
NORTHROP GRUMMAN CORP 2.64%
JAZZ PHARMACEUTICALS PLC 2.53%
CONOCOPHILLIPS 2.50%
BOSTON SCIENTIFIC CORP 2.27%
AMETEK INC 2.14%
EXELON CORP 1.93%
CITIGROUP INC 1.86%
EOG RESOURCES INC 1.85%
FIDELITY NATIONAL INFO SERV 1.81%
INVESCO LTD 1.75%
L3 TECHNOLOGIES INC 1.71%
BALL CORP 1.64%
UNILEVER PLC 1.63%
EAST WEST BANCORP INC 1.62%
PINNACLE FOODS INC 1.57%
GOLDMAN SACHS GROUP INC 1.56%
PIPER JAFFRAY COS 1.56%
W.R. GRACE & CO 1.28%
AMEREN CORPORATION 1.19%
HARTFORD FINANCIAL SVCS GRP 1.18%
KION GROUP AG 1.16%
KEYCORP 1.14%
CMS ENERGY CORP 1.12%
PACWEST BANCORP 1.10%
NRG ENERGY INC 1.09%
NORFOLK SOUTHERN CORP 1.06%
ALCOA CORP 1.05%
HOST HOTELS & RESORTS INC 1.04%
TJX COMPANIES INC 1.04%
ENCANA CORP 1.01%
GRAPHIC PACKAGING HOLDING CO 1.00%
ORBOTECH LTD 0.98%
AGILENT TECHNOLOGIES INC 0.96%
AMERICAN INTERNATIONAL GROUP 0.96%
ASSURED GUARANTY LTD 0.92%
ECOLAB INC 0.87%
MARATHON OIL CORP 0.87%
DENTSPLY SIRONA INC 0.85%
KRAFT HEINZ CO/THE 0.85%
FIRST SOLAR INC 0.84%
PULTEGROUP INC 0.84%
ANADARKO PETROLEUM CORP 0.82%
DR PEPPER SNAPPLE GROUP INC 0.81%
AMERICAN AIRLINES GROUP INC 0.79%
HILTON WORLDWIDE HOLDINGS IN 0.76%
OSHKOSH CORP 0.74%
XEROX CORP 0.68%
CELANESE CORP-SERIES A 0.65%
CF INDUSTRIES HOLDINGS INC 0.63%
DOVER CORP 0.63%
OWENS CORNING 0.61%
APACHE CORP 0.54%
MICHAELS COS INC/THE 0.54%
WEBSTER FINANCIAL CORP 0.53%
NOVOZYMES A/S-UNSPONS ADR 0.52%
SUMMIT MATERIALS INC -CL A 0.52%
GAP INC/THE 0.50%
OLD NATIONAL BANCORP 0.49%
BRUNSWICK CORP 0.46%
ARAMARK 0.40%
REGIONS FINANCIAL CORP 0.40%
MEDICINES COMPANY 0.39%
JOHNSON CONTROLS INTERNATION 0.35%
LAM RESEARCH CORP 0.34%
TRANSOCEAN LTD 0.29%
DEVON ENERGY CORP 0.28%
EQT CORP 0.23%
TIFFANY & CO 0.01%
S&P MID 400 EMINI JUN18 FAM8 -0.06%
S&P500 EMINI FUT JUN18 ESM8 -0.13%

Prior top 10 holdings

Top 10 holdings as of 06/30/18
1: Novozymes A/S - B Shares 4.54%
2: Mccormick Md 3.90%
3: Becton Dickinson And 3.80%
4: Dxc Technology 3.49%
5: Salesforce.Com 3.38%
6: Vail Resorts 3.33%
7: Unilever 3.27%
8: Alphabet 3.19%
9: First Republic Bank/Ca 2.85%
10: Chipotle Mexican Grill 2.78%
Holdings represent 34.53% of portfolio
Top 10 holdings as of 05/31/18
1: Novozymes A/S - B Shares 4.55%
2: Dxc Technology 3.97%
3: Becton Dickinson And 3.50%
4: Mccormick Md 3.38%
5: Unilever 3.24%
6: Vail Resorts 3.23%
7: Salesforce.Com 3.19%
8: Alphabet 3.10%
9: Penumbra 2.95%
10: First Republic Bank/Ca 2.92%
Holdings represent 34.03% of portfolio
Top 10 holdings as of 04/30/18
1: Dxc Technology 4.62%
2: Bank Of America Corp 3.80%
3: Becton Dickinson And 3.67%
4: E*Trade Financial Corp 3.50%
5: Union Pacific Corp 2.97%
6: ConocoPhillips 2.82%
7: Danaher Corp 2.76%
8: First Republic Bank/Ca 2.72%
9: Jazz Pharmaceuticals 2.60%
10: Northrop Grumman Corp 2.49%
Holdings represent 31.95% of portfolio
Top 10 holdings as of 03/31/18
1: Dxc Technology 4.41%
2: Bank Of America Corp 3.73%
3: Becton Dickinson And 3.36%
4: E*Trade Financial Corp 3.13%
5: Union Pacific Corp 2.93%
6: First Republic Bank/Ca 2.66%
7: Northrop Grumman Corp 2.64%
8: Danaher Corp 2.64%
9: Jazz Pharmaceuticals 2.53%
10: ConocoPhillips 2.50%
Holdings represent 30.53% of portfolio

Portfolio Composition as of 06/30/18

Common stock 96.77%
Cash and net other assets 3.23%

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

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

Top Industry Sectors as of 06/30/18

Information technology 24.86%
Health care 20.59%
Financials 15.05%
Consumer discretionary 10.14%
Consumer staples 9.30%
Materials 8.60%
Industrials 6.61%
Cash and net other assets 3.23%
Utilities 1.62%