Putnam Capital Manager

Putnam Global Equity Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount targets midsize and large industry leaders with consistent earnings growth improvement and the likelihood of positive earnings surprises. The fund managers seek companies in the U.S. and abroad with high rates of growth and dominant market share.

Sales story

Selecting companies around the world that are attractive for investorsEstablished companies: The fund invests in large and midsize companies in the United States and developed international markets to benefit from global opportunities.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads global markets.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

Lipper ranking ‡ as of 08/31/19

Category: Global Multi-Cap Growth Fds

  Percentile ranking Rank/Funds in category
10 yrs. 69% 13/18
1 yr. 97% 27/27
3 yrs. 85% 21/24
5 yrs. 87% 20/22

Risk Characteristics as of 08/31/19

Alpha (%) -0.82
Beta 1.02
R squared 0.93
Standard deviation (3 yrs.) 11.80

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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 09/30/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 85
Turnover (fiscal year end) 53%
Net Assets $207M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 08/31/19

Nrg Energy 3.95%
Amazon.Com 3.02%
Assured Guaranty 2.87%
Nomad Foods 2.70%
Unilever Nv 2.64%
Asahi Group Holdings 2.14%
Microsoft Corp 2.06%
Cenovus Energy 2.02%
BD Medical 1.86%
Compass Group 1.83%
Top 10 holdings, total: 25.09%

Full Portfolio Holdings as of 09/30/19

NRG ENERGY INC SEDOL 2212922 4.25%
ASSURED GUARANTY LTD SEDOL B00V7H8 2.96%
AMAZON.COM INC SEDOL 2000019 2.92%
NOMAD FOODS LTD SEDOL BQFJGK5 2.72%
UNILEVER NV SEDOL B1527V7 2.53%
ASAHI GROUP HOLDINGS LTD SEDOL 6054409 2.25%
CENOVUS ENERGY INC SEDOL B57FG04 2.15%
MICROSOFT CORP SEDOL 2588173 2.06%
ADVANCE AUTO PARTS 2.03%
COMPASS GROUP PLC SEDOL BD6K457 1.84%
BECTON DICKINSON AND CO SEDOL 2087807 1.83%
SUMMIT MATERIALS INC -CL A SEDOL BW9JPS4 1.81%
ENTERPRISE PRODUCTS PARTNERS SEDOL 2285388 1.78%
SHERWIN-WILLIAMS CO/THE SEDOL 2804211 1.72%
UNION PACIFIC CORP SEDOL 2914734 1.65%
VISA INC-CLASS A SHARES SEDOL B2PZN04 1.63%
FISERV INC SEDOL 2342034 1.61%
SIG COMBIBLOC GROUP AG SEDOL BD5GN60 1.61%
KINDER MORGAN INC SEDOL B3NQ4P8 1.60%
BANK OF AMERICA CORP SEDOL 2295677 1.56%
BOSTON SCIENTIFIC CORP SEDOL 2113434 1.52%
ALPHABET INC-CL C SEDOL BYY88Y7 1.49%
SERVICENOW INC SEDOL B80NXX8 1.48%
JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 1.37%
LOWES COMPANIES INC 1.32%
DANAHER CORP SEDOL 2250870 1.30%
AXA SA SEDOL 7088429 1.28%
QBE INSURANCE GROUP LTD SEDOL 6715740 1.28%
WALT DISNEY CO/THE SEDOL 2270726 1.27%
NINTENDO CO LTD SEDOL 6639550 1.25%
COCA-COLA CO/THE SEDOL 2206657 1.21%
ASTRAZENECA PLC SEDOL 0989529 1.20%
UNIVERSAL ENTERTAINMENT CORP SEDOL 6126892 1.20%
CIGNA CORP SEDOL BHJ0775 1.17%
HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 1.16%
LENNAR CORP-A SEDOL 2511920 1.15%
L3HARRIS TECHNOLOGIES INC SEDOL BK9DTN5 1.10%
HERSHEY CO/THE SEDOL 2422806 1.08%
KENNEDY-WILSON HOLDINGS INC SEDOL B298495 1.06%
BALL CORP SEDOL 2073022 1.05%
WASTE CONNECTIONS INC SEDOL BYVG1F6 1.05%
ADOBE INC SEDOL 2008154 1.03%
ASHTEAD GROUP PLC SEDOL 0053673 1.02%
NOVOZYMES A/S-B SHARES SEDOL B798FW0 1.00%
SUNCOR ENERGY INC SEDOL B3NB1P2 1.00%
SHISEIDO CO LTD SEDOL 6805265 0.99%
LIVE NATION ENTERTAINMENT IN SEDOL B0T7YX2 0.98%
FORTUNE BRANDS HOME & SECURI SEDOL B3MC7D6 0.97%
RADIAN GROUP INC SEDOL 2173911 0.97%
PIRELLI & C SPA SEDOL BZ5ZHK3 0.97%
TEXAS INSTRUMENTS INC SEDOL 2885409 0.96%
VERTEX PHARMACEUTICALS INC SEDOL 2931034 0.94%
SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 0.93%
FAIRFAX FINANCIAL HLDGS LTD SEDOL 2566351 0.92%
CHENIERE ENERGY INC SEDOL 2654364 0.88%
KYUDENKO CORP SEDOL 6499969 0.86%
EURAZEO SE SEDOL 7042395 0.86%
OPEN HOUSE CO LTD SEDOL BD3D170 0.85%
PRUDENTIAL PLC SEDOL 0709954 0.85%
SINO-AMERICAN SILICON PRODUC SEDOL 6335278 0.84%
ACCENTURE PLC-CL A SEDOL B4BNMY3 0.82%
REALPAGE INC SEDOL B4W2S29 0.82%
ASSOCIATED BRITISH FOODS PLC SEDOL 0673123 0.80%
GODADDY INC - CLASS A SEDOL BWFRFC6 0.80%
IRB BRASIL RESSEGUROS SA SEDOL BYZ6D56 0.79%
PALTAC CORPORATION SEDOL B61BG94 0.77%
E*TRADE FINANCIAL CORPORATION 0.69%
PIONEER NAT RES CO 0.69%
YELLOW CAKE PLC 144A SEDOL BF50RG4 0.69%
PERNOD RICARD SA SEDOL 4682329 0.68%
HONEYWELL INTERNATIONAL INC SEDOL 2020459 0.67%
ACTIVISION BLIZZARD INC SEDOL 2575818 0.65%
INSTRUCTURE INC SEDOL BYZGBP2 0.65%
CONOCOPHILLIPS 0.64%
DALATA HOTEL GROUP PLC SEDOL BJMZDW8 0.61%
NXP SEMICONDUCTORS NV SEDOL B505PN7 0.60%
BANK OF IRELAND GROUP PLC SEDOL BD1RP61 0.58%
SCREEN HOLDINGS CO LTD SEDOL 6251028 0.52%
UBER TECH INC P/P CV PFD 0.31%
HIBERNIA REIT PLC SEDOL BGHQ198 0.29%
EDELWEISS FINANCIAL SERVICES SEDOL B291KM9 0.23%
TREASURY BILL 00.0000 12/05/2019 0.06%
GLOBAL FASHION GRP P/P 0.01%
CHF/USD 12/18/2019 JPMCB 0.01%
JPY/USD 11/20/2019 SSBT 0.00%
CAD/USD 10/16/2019 GSFX 0.00%
CAD/USD 10/16/2019 SSBT 0.00%
DKK/USD 12/18/2019 CITI 0.00%
ILS/USD 10/16/2019 SSBT 0.00%
JPY/USD 11/20/2019 BANKAM 0.00%
BRL/USD 02/04/2020 BANKAM 0.00%
JPY/USD 11/20/2019 CITI 0.00%
JPY/USD 11/20/2019 JPMCB 0.00%
JPY/USD 11/20/2019 CSI-FX 0.00%
CNH/USD 11/20/2019 HSBCB 0.00%
EUR/USD 12/18/2019 SSBT 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HKD/USD 11/20/2019 BCAP-FX 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
GBP/USD 12/18/2019 JPMCB -0.00%
NOK/USD 12/18/2019 JPMCB -0.00%
CAD/USD 10/16/2019 RBSF -0.00%
EUR/USD 12/18/2019 BANKAM -0.00%
GBP/USD 12/18/2019 SSBT -0.00%
GBP/USD 12/18/2019 GSFX -0.00%
GBP/USD 12/18/2019 RBSF -0.00%
SGD/USD 11/20/2019 JPMCB -0.00%
EUR/USD 12/18/2019 BCAP-FX -0.00%
KRW/USD 11/20/2019 JPMCB -0.00%
GBP/USD 12/18/2019 BCAP-FX -0.00%
SEK/USD 12/18/2019 JPMCB -0.01%
EUR/USD 12/18/2019 RBSF -0.01%
JPY/USD 11/20/2019 GSFX -0.01%
AUD/USD 10/16/2019 SSBT -0.01%
EUR/USD 12/18/2019 HSBCB -0.01%
AUD/USD 10/16/2019 RBSF -0.02%
GBP/USD 12/18/2019 BANKAM -0.02%
AUD/USD 10/16/2019 JPMCB -0.02%
CHF/USD 12/18/2019 BCAP-FX -0.03%

Prior top 10 holdings

Top 10 holdings as of 08/31/19
1: Nrg Energy 3.95%
2: Amazon.Com 3.02%
3: Assured Guaranty 2.87%
4: Nomad Foods 2.70%
5: Unilever Nv 2.64%
6: Asahi Group Holdings 2.14%
7: Microsoft Corp 2.06%
8: Cenovus Energy 2.02%
9: BD Medical 1.86%
10: Compass Group 1.83%
Holdings represent 25.09% of portfolio
Top 10 holdings as of 07/31/19
1: Nrg Energy 3.59%
2: Amazon.Com 3.07%
3: Nomad Foods 2.89%
4: Assured Guaranty 2.85%
5: Unilever Nv 2.38%
6: Cenovus Energy 2.09%
7: Microsoft Corp 1.97%
8: Asahi Group Holdings 1.92%
9: Enterprise Products Partn 1.84%
10: Advance Auto Parts 1.81%
Holdings represent 24.41% of portfolio
Top 10 holdings as of 06/30/19
1: Nrg Energy 3.77%
2: Amazon.Com 3.21%
3: Nomad Foods 2.81%
4: Assured Guaranty 2.79%
5: Unilever Nv 2.55%
6: Cenovus Energy 2.01%
7: Microsoft Corp 1.97%
8: Advance Auto Parts 1.88%
9: Becton Dickinson And 1.81%
10: Enterprise Products Partn 1.79%
Holdings represent 24.59% of portfolio
Top 10 holdings as of 05/31/19
1: Nrg Energy 3.70%
2: Assured Guaranty 2.99%
3: Amazon.Com 2.98%
4: Nomad Foods 2.85%
5: Unilever Nv 2.59%
6: BD Medical 2.31%
7: Boston Scientific Corp 1.97%
8: Servicenow 1.95%
9: Alphabet 1.89%
10: Cenovus Energy 1.77%
Holdings represent 25.00% of portfolio

Portfolio Composition as of 08/31/19

Common stock 97.59%
Cash and net other assets 2.07%
Convertible preferred stock 0.34%

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.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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 08/31/19

Information technology 14.86%
Consumer discretionary 13.46%
Consumer staples 12.37%
Financials 12.33%
Industrials 9.65%
Energy 8.46%
Health care 8.17%
Materials 7.21%
Communication services 5.15%
 
Other
8.34%
Utilities 3.95%
Real estate 2.32%
Cash and net other assets 2.07%

Country Allocation as of 08/31/19

United States 62.41%
United Kingdom 9.04%
Japan 8.49%
Canada 3.89%
Netherlands 2.64%
France 2.32%
Cash and net other assets 2.07%
Switzerland 1.61%
Ireland 1.60%
 
Other
5.93%
Australia 1.29%
Denmark 1.03%
Italy 0.86%
South Korea 0.83%
Brazil 0.77%
Taiwan 0.75%
India 0.39%
Luxembourg 0.01%