Putnam Capital Manager

Putnam Sustainable Leaders Subaccount

The subaccount seeks long-term capital appreciation.

Fund description

The subaccount invests in companies of all sizes across a range of industry sectors. The management team looks for stocks of innovative companies that are positioned in sectors believed to offer exceptional growth potential. The fund targets companies with strong management and superior financial characteristics.

Sales story

Investing in growing companies committed to sustainable practicesCommitted companies: The fund invests in growth companies with the goal of delivering positive financial and ESG performance.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 10/31/19

Category: Multi-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 36% 29/81
1 yr. 24% 23/99
3 yrs. 27% 26/99
5 yrs. 32% 31/97

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

‡ 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 10/31/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 69
Turnover (fiscal year end) 63%
Net Assets $764M
Inception Date 05/02/94

Holdings

Microsoft Corp 6.96%
Apple 4.58%
Amazon.Com 3.44%
Visa 3.42%
Alphabet 2.93%
Home Depot The 2.67%
Bank Of America Corp 2.63%
Blackrock 2.53%
Danaher Corp 2.45%
Unilever Nv 2.17%
Top 10 holdings, total: 33.78%


Top 10 holdings as of 10/31/19
1: Microsoft Corp 6.96%
2: Apple 4.58%
3: Amazon.Com 3.44%
4: Visa 3.42%
5: Alphabet 2.93%
6: Home Depot The 2.67%
7: Bank Of America Corp 2.63%
8: Blackrock 2.53%
9: Danaher Corp 2.45%
10: Unilever Nv 2.17%
Holdings represent 33.78% of portfolio
Top 10 holdings as of 09/30/19
1: Microsoft Corp 6.80%
2: Apple 4.15%
3: Visa 3.81%
4: Amazon.Com 3.39%
5: Unilever Nv 3.23%
6: Adobe 2.91%
7: Alphabet 2.85%
8: Home Depot The 2.66%
9: Danaher Corp 2.59%
10: Bank Of America Corp 2.47%
Holdings represent 34.86% of portfolio
Top 10 holdings as of 08/31/19
1: Microsoft Corp 6.74%
2: Visa 4.46%
3: Apple 3.87%
4: Danaher Corp 3.55%
5: Amazon.Com 3.46%
6: Unilever Nv 3.33%
7: Adobe 2.99%
8: Alphabet 2.78%
9: Home Depot The 2.62%
10: Blackrock 2.33%
Holdings represent 36.13% of portfolio
Top 10 holdings as of 07/31/19
1: Microsoft Corp 7.01%
2: Visa 4.25%
3: Amazon.Com 3.99%
4: Apple 3.81%
5: Danaher Corp 3.39%
6: Adobe 3.25%
7: Unilever Nv 2.99%
8: Alphabet 2.75%
9: Novozymes A/S - B Shares 2.61%
10: Blackrock 2.50%
Holdings represent 36.55% of portfolio


Portfolio Composition as of 10/31/19

Common stock 97.72%
Cash and net other assets 2.28%

Portfolio characteristics 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. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 10/31/19

Information technology 30.68%
Consumer discretionary 17.04%
Health care 12.01%
Financials 9.90%
Consumer staples 7.67%
Industrials 7.12%
Materials 6.09%
Utilities 3.74%
Communication services 3.47%
 
Other
2.28%
Cash and net other assets 2.28%