Putnam Hartford Capital Manager

Putnam International Equity Subaccount

The subaccount seeks capital appreciation.

  • Highlights
  • Holdings

Fund description

Formerly Putnam International Growth Subaccount. The name change does not reflect a shift in subaccount objective or strategy.The subaccount invests in large and midsize international stocks, targeting companies with established earnings growth that are priced below their fundamental worth. The fund has no bias toward growth or value. It offers access to a broad range of investment opportunities in many markets of the world.

Sales story

Pursuing the growth potential of overseas marketsEstablished companies: The fund invests in established large and midsize companies mainly in developed markets to benefit from opportunities unfolding outside the United States.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads international 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 10/31/16

Category: International Multi-Cap Core

  Percentile ranking Rank/Funds in category
10 yrs. 66% 17/25
1 yr. 93% 60/64
3 yrs. 56% 33/58
5 yrs. 14% 7/50

Risk Characteristics as of 10/31/16

Alpha (%) -0.67
Beta 0.93
R squared 0.93
Standard deviation (3 yrs.) 11.82

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.