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 04/30/20

Category: Multi-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 43% 37/86
1 yr. 67% 69/103
3 yrs. 52% 54/103
5 yrs. 38% 39/102

‡ 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 04/30/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 62
Turnover (fiscal year end) 29%
Net Assets $728M
Inception Date 05/02/94

Holdings

Microsoft Corp 7.53%
Apple 5.67%
Amazon.Com 5.03%
Alphabet 3.28%
Adobe 2.79%
Danaher Corp 2.78%
Blackrock 2.57%
Fidelity National Information Services 2.49%
Bank Of America Corp 2.49%
Visa 2.45%
Top 10 holdings, total: 37.08%


Top 10 holdings as of 04/30/20
1: Microsoft Corp 7.53%
2: Apple 5.67%
3: Amazon.Com 5.03%
4: Alphabet 3.28%
5: Adobe 2.79%
6: Danaher Corp 2.78%
7: Blackrock 2.57%
8: Fidelity National Information Services 2.49%
9: Bank Of America Corp 2.49%
10: Visa 2.45%
Holdings represent 37.08% of portfolio
Top 10 holdings as of 03/31/20
1: Microsoft Corp 8.24%
2: Apple 5.46%
3: Amazon.Com 4.40%
4: Visa 3.75%
5: Alphabet 3.15%
6: Danaher Corp 2.87%
7: Adobe 2.79%
8: Fidelity National Information Services 2.56%
9: Blackrock 2.50%
10: Walmart 2.34%
Holdings represent 38.06% of portfolio
Top 10 holdings as of 02/29/20
1: Microsoft Corp 7.47%
2: Apple 5.18%
3: Amazon.Com 3.75%
4: Visa 3.58%
5: Alphabet 3.20%
6: Bank Of America Corp 2.67%
7: Adobe 2.67%
8: Danaher Corp 2.64%
9: Blackrock 2.61%
10: Fidelity National Information Services 2.59%
Holdings represent 36.36% of portfolio
Top 10 holdings as of 01/31/20
1: Microsoft Corp 7.19%
2: Apple 5.37%
3: Amazon.Com 3.67%
4: Visa 3.59%
5: Alphabet 3.14%
6: Blackrock 2.73%
7: Danaher Corp 2.70%
8: Bank Of America Corp 2.61%
9: Adobe 2.49%
10: Fidelity National Information Services 2.44%
Holdings represent 35.93% of portfolio


Portfolio Composition as of 04/30/20

Common stock 98.46%
Cash and net other assets 1.54%

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, and the market may not favor growth-style investing. Investments in small and/or 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 investment strategy of investing in companies that exhibit a commitment to sustainable business practices may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds that do not invest with a sustainable 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. 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 04/30/20

Information technology 30.94%
Health care 14.68%
Consumer discretionary 14.65%
Financials 8.60%
Industrials 7.56%
Consumer staples 7.32%
Materials 6.80%
Utilities 4.63%
Communication services 3.28%
 
Other
1.54%
Cash and net other assets 1.54%