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 08/31/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 84
Turnover (fiscal year end) 53%
Net Assets $205M
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 06/30/19

NRG ENERGY INC 3.77%
AMAZON.COM INC 3.21%
NOMAD FOODS LTD 2.81%
ASSURED GUARANTY LTD 2.79%
UNILEVER NV-CVA 2.55%
CENOVUS ENERGY INC 2.01%
MICROSOFT CORP 1.97%
ADVANCE AUTO PARTS 1.88%
BECTON DICKINSON AND CO 1.81%
ENTERPRISE PRODUCTS PARTNERS 1.79%
UNION PACIFIC CORP 1.71%
COMPASS GROUP PLC 1.70%
VISA INC-CLASS A SHARES 1.64%
KINDER MORGAN INC 1.61%
BOSTON SCIENTIFIC CORP 1.60%
SERVICENOW INC 1.59%
SUMMIT MATERIALS INC -CL A 1.56%
BANK OF AMERICA CORP 1.54%
SHERWIN-WILLIAMS CO/THE 1.43%
FIRST DATA CORP- CLASS A 1.38%
SIG COMBIBLOC GROUP AG 1.38%
WALT DISNEY CO/THE 1.35%
ALPHABET INC-CL C 1.35%
DANAHER CORP 1.28%
JOHNSON CONTROLS INTERNATION 1.28%
NINTENDO CO LTD 1.23%
ASAHI GROUP HOLDINGS LTD 1.21%
CIGNA CORP 1.21%
HILTON WORLDWIDE HOLDINGS IN 1.21%
LOWES COMPANIES INC 1.21%
COCA-COLA CO/THE 1.13%
NOVOZYMES A/S-B SHARES 1.11%
ADOBE INC 1.10%
UNIVERSAL ENTERTAINMENT CORP 1.10%
ASTRAZENECA PLC 1.09%
ASHTEAD GROUP PLC 1.05%
PRUDENTIAL PLC 1.03%
FORTUNE BRANDS HOME & SECURI 1.01%
QBE INSURANCE GROUP LTD 1.00%
KENNEDY-WILSON HOLDINGS INC 1.00%
FAIRFAX FINANCIAL HLDGS LTD 1.00%
LENNAR CORP-A 1.00%
BALL CORP 0.99%
L3 TECHNOLOGIES INC 0.99%
ASSOCIATED BRITISH FOODS PLC 0.98%
LIVE NATION ENTERTAINMENT IN 0.98%
PIRELLI & C SPA 0.97%
RADIAN GROUP INC 0.97%
SUNCOR ENERGY INC 0.96%
CHENIERE ENERGY INC 0.95%
HERSHEY CO/THE 0.94%
SHISEIDO CO LTD 0.92%
VERTEX PHARMACEUTICALS INC 0.90%
SAMSUNG ELECTRONICS CO LTD 0.90%
PALTAC CORPORATION 0.85%
TEXAS INSTRUMENTS INC 0.84%
GODADDY INC - CLASS A 0.83%
PIONEER NAT RES CO 0.83%
BANK OF IRELAND GROUP PLC 0.82%
SINO-AMERICAN SILICON PRODUC 0.81%
EURAZEO SE 0.79%
ACCENTURE PLC-CL A 0.78%
KYUDENKO CORP 0.77%
REALPAGE INC 0.75%
DXC TECHNOLOGY CO 0.74%
OPEN HOUSE CO LTD 0.74%
YELLOW CAKE PLC 144A 0.72%
HONG KONG EXCHANGES & CLEAR 0.71%
WASTE CONNECTIONS INC 0.70%
INSTRUCTURE INC 0.70%
HONEYWELL INTERNATIONAL INC 0.70%
AXA SA 0.69%
E*TRADE FINANCIAL CORPORATION 0.69%
CONOCOPHILLIPS 0.69%
PERNOD RICARD SA 0.68%
EDELWEISS FINANCIAL SERVICES 0.66%
SCREEN HOLDINGS CO LTD 0.62%
DALATA HOTEL GROUP PLC 0.60%
HIBERNIA REIT PLC 0.59%
CHALLENGER LTD 0.56%
NXP SEMICONDUCTORS NV 0.53%
ICU MEDICAL INC 0.49%
UBER TECH INC P/P CV PFD 0.47%
SEVEN GENERATIONS ENERGY - A 0.24%
CROWDSTRIKE HOLDINGS INC - A 0.20%
TREASURY BILL 00.0000 07/18/2019 0.09%
JPY/USD 08/21/2019 GSFX 0.08%
CHF/USD 09/18/2019 BCAP-FX 0.04%
TREASURY BILL 00.0000 07/25/2019 0.03%
EUR/USD 09/18/2019 HSBCB 0.02%
EUR/USD 09/18/2019 RBSF 0.01%
GLOBAL FASHION GRP P/P 0.01%
SEK/USD 09/18/2019 JPMCB 0.01%
GLOBAL FASHION GRP 0.01%
EUR/USD 09/18/2019 GSFX 0.01%
NOK/USD 09/18/2019 JPMCB 0.00%
EUR/USD 09/18/2019 BANKAM 0.00%
HKD/USD 08/21/2019 BCAP-FX 0.00%
EUR/USD 09/18/2019 BCAP-FX 0.00%
ILS/USD 07/17/2019 SSBT 0.00%
SGD/USD 08/21/2019 JPMCB 0.00%
TWD/USD 08/21/2019 GSFX 0.00%
CNH/USD 08/21/2019 HSBCB 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
AUD/USD 07/17/2019 JPMCB -0.00%
GBP/USD 09/18/2019 BCAP-FX -0.00%
GBP/USD 09/18/2019 GSFX -0.00%
GBP/USD 09/18/2019 JPMCB -0.00%
GBP/USD 09/18/2019 SSBT -0.00%
KRW/USD 08/21/2019 JPMCB -0.00%
AUD/USD 07/17/2019 SSBT -0.00%
CHF/USD 09/18/2019 JPMCB -0.00%
DKK/USD 09/18/2019 CITI -0.00%
CAD/USD 07/17/2019 GSFX -0.01%
CAD/USD 07/17/2019 SSBT -0.01%
JPY/USD 08/21/2019 JPMCB -0.01%
JPY/USD 08/21/2019 CSI-FX -0.01%
GBP/USD 09/18/2019 BANKAM -0.02%
JPY/USD 08/21/2019 CITI -0.02%
JPY/USD 08/21/2019 SSBT -0.02%
JPY/USD 08/21/2019 BANKAM -0.02%

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%