Putnam Hartford Capital Manager
Putnam International Value Subaccount
The subaccount seeks capital growth. Current income is a secondary objective.
- Asset Liquidity
The subaccount applies Putnam's value-oriented strategy of seeking undervalued stocks outside the United States. By buying mostly dividend paying stocks with relatively low valuations, the fund pursues capital growth and, secondarily, current income. The fund is positioned to benefit from the spread of corporate strategies focusing on shareholder value outside the United States.
Benefiting from undervalued international companies experiencing positive change International companies: The fund invests in international large and midsize companies to benefit from business opportunities outside the United States.A value strategy: The fund focuses on companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.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.
- Karan Sodhi, CFA (Investing since 1998)
- Darren A. Jaroch, CFA (Investing since 1996)
Lipper ranking ‡ as of 10/31/16
Category: International Large-Cap Value
|Percentile ranking||Rank/Funds in category|
Risk Characteristics as of 10/31/16
|Standard deviation (3 yrs.)||12.03|
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.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.