Putnam Hartford Capital Manager

Putnam International Equity Subaccount

The subaccount seeks capital appreciation.

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 06/30/18

Category: International Multi-Cap Core

  Percentile ranking Rank/Funds in category
10 yrs. 65% 32/49
1 yr. 29% 25/87
3 yrs. 73% 62/85
5 yrs. 13% 10/79

Risk Characteristics as of 06/30/18

Alpha (%) -0.99
Beta 0.94
R squared 0.92
Standard deviation (3 yrs.) 11.75

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 06/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 80
Turnover (fiscal year end) 61%
Net Assets $250M
Inception Date 01/02/97

Holdings

Top 10 holdings as of 06/30/18

Total 3.08%
Rio Tinto 2.55%
Bayer Ag 2.44%
Toyota Motor Corp 2.09%
Unilever Nv 2.08%
Prudential 2.04%
Hoya Corp 1.98%
Bp 1.97%
Orix Corp 1.91%
Novartis Ag 1.89%
Top 10 holdings, total: 22.03%

Equity Holdings as of 03/31/18

TOTAL SA 2.23%
RIO TINTO PLC 2.14%
PRUDENTIAL PLC 2.11%
ING GROEP NV-CVA 2.03%
SONY CORP 2.03%
BAYER AG-REG 2.00%
MAGNA INTERNATIONAL INC 2.00%
UNILEVER NV-CVA 2.00%
ORIX CORP 1.98%
SIEMENS AG 1.93%
TOYOTA MOTOR CORP 1.93%
NOVARTIS AG-REG 1.92%
AIRBUS SE 1.78%
ASAHI GROUP HOLDINGS LTD 1.71%
SUMITOMO MITSUI FINANCIAL GR 1.71%
ASTRAZENECA PLC 1.69%
HOYA CORP 1.67%
KONINKLIJKE AHOLD DELHAIZE N 1.65%
HEINEKEN NV 1.53%
STMICROELECTRONICS NV 1.52%
ADIDAS AG 1.51%
SOCIETE GENERALE SA 1.49%
NSK LTD 1.48%
ASSOCIATED BRITISH FOODS PLC 1.39%
NINTENDO CO LTD 1.37%
RHEINMETALL AG 1.36%
DBS GROUP HOLDINGS LTD 1.35%
UNIPER SE 1.35%
BASF SE 1.34%
SHISEIDO CO LTD 1.33%
ENI SPA 1.32%
KOMATSU LTD 1.30%
FERGUSON PLC 1.29%
PARTNERS GROUP HOLDING AG 1.29%
FERROTEC HOLDINGS CORP 1.28%
DANSKE BANK A/S 1.26%
NATIXIS 1.23%
KYUDENKO CORP 1.20%
SMC CORP 1.19%
VEOLIA ENVIRONNEMENT 1.19%
ASSA ABLOY AB-B 1.18%
CRH PLC 1.14%
SAMSUNG ELECTRONICS-PREF 1.14%
EVONIK INDUSTRIES AG 1.13%
COMPASS GROUP PLC 1.09%
KERRY GROUP PLC-A 1.09%
AENA SME SA 1.07%
KION GROUP AG 1.07%
EURAZEO SA 1.06%
PIRELLI & C SPA 1.06%
IRB BRASIL RESSEGUROS SA 1.05%
CHALLENGER LTD 1.04%
CHUGAI PHARMACEUTICAL CO LTD 1.01%
TOSHIBA CORP 1.01%
TAKEDA PHARMACEUTICAL CO LTD 0.99%
TENCENT HOLDINGS LTD 0.98%
CAIXABANK S.A 0.97%
ALIBABA GROUP HOLDING-SP ADR 0.96%
KKR & CO LP 0.96%
AMAZON.COM INC 0.94%
CENOVUS ENERGY INC 0.93%
CONSTELLATION SOFTWARE INC 0.90%
DIXONS CARPHONE PLC 0.88%
GRUPO FINANCIERO GALICIA-ADR 0.88%
DELIVERY HERO AG 0.86%
ILUKA RESOURCES LTD 0.83%
ALPHABET INC-CL C 0.82%
BANK OF IRELAND GROUP PLC 0.82%
VIRGIN MONEY HOLDINGS UK 0.82%
TIM PARTICIPACOES SA-ADR 0.78%
WANT WANT CHINA HOLDINGS LTD 0.77%
ORION ENGINEERED CARBONS SA 0.75%
BURFORD CAPITAL LTD 0.74%
WIZZ AIR HLDG PLC 0.70%
EDELWEISS FINANCIAL SERVICES 0.65%
GLOBAL FASHION GRP 0.03%
GLOBAL FASHION GRP P/P 0.03%
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%

Full Portfolio Holdings as of 03/31/18

TOTAL SA 2.23%
RIO TINTO PLC 2.14%
PRUDENTIAL PLC 2.11%
ING GROEP NV-CVA 2.03%
SONY CORP 2.03%
BAYER AG-REG 2.00%
MAGNA INTERNATIONAL INC 2.00%
UNILEVER NV-CVA 2.00%
ORIX CORP 1.98%
SIEMENS AG 1.93%
TOYOTA MOTOR CORP 1.93%
NOVARTIS AG-REG 1.92%
AIRBUS SE 1.78%
ASAHI GROUP HOLDINGS LTD 1.71%
SUMITOMO MITSUI FINANCIAL GR 1.71%
ASTRAZENECA PLC 1.69%
HOYA CORP 1.67%
KONINKLIJKE AHOLD DELHAIZE N 1.65%
HEINEKEN NV 1.53%
STMICROELECTRONICS NV 1.52%
ADIDAS AG 1.51%
SOCIETE GENERALE SA 1.49%
NSK LTD 1.48%
ASSOCIATED BRITISH FOODS PLC 1.39%
NINTENDO CO LTD 1.37%
RHEINMETALL AG 1.36%
DBS GROUP HOLDINGS LTD 1.35%
UNIPER SE 1.35%
BASF SE 1.34%
SHISEIDO CO LTD 1.33%
ENI SPA 1.32%
KOMATSU LTD 1.30%
FERGUSON PLC 1.29%
PARTNERS GROUP HOLDING AG 1.29%
FERROTEC HOLDINGS CORP 1.28%
DANSKE BANK A/S 1.26%
NATIXIS 1.23%
KYUDENKO CORP 1.20%
SMC CORP 1.19%
VEOLIA ENVIRONNEMENT 1.19%
ASSA ABLOY AB-B 1.18%
CRH PLC 1.14%
SAMSUNG ELECTRONICS-PREF 1.14%
EVONIK INDUSTRIES AG 1.13%
COMPASS GROUP PLC 1.09%
KERRY GROUP PLC-A 1.09%
AENA SME SA 1.07%
KION GROUP AG 1.07%
EURAZEO SA 1.06%
PIRELLI & C SPA 1.06%
IRB BRASIL RESSEGUROS SA 1.05%
CHALLENGER LTD 1.04%
CHUGAI PHARMACEUTICAL CO LTD 1.01%
TOSHIBA CORP 1.01%
TAKEDA PHARMACEUTICAL CO LTD 0.99%
TENCENT HOLDINGS LTD 0.98%
CAIXABANK S.A 0.97%
ALIBABA GROUP HOLDING-SP ADR 0.96%
KKR & CO LP 0.96%
AMAZON.COM INC 0.94%
CENOVUS ENERGY INC 0.93%
CONSTELLATION SOFTWARE INC 0.90%
DIXONS CARPHONE PLC 0.88%
GRUPO FINANCIERO GALICIA-ADR 0.88%
DELIVERY HERO AG 0.86%
ILUKA RESOURCES LTD 0.83%
ALPHABET INC-CL C 0.82%
BANK OF IRELAND GROUP PLC 0.82%
VIRGIN MONEY HOLDINGS UK 0.82%
TIM PARTICIPACOES SA-ADR 0.78%
WANT WANT CHINA HOLDINGS LTD 0.77%
ORION ENGINEERED CARBONS SA 0.75%
BURFORD CAPITAL LTD 0.74%
WIZZ AIR HLDG PLC 0.70%
EDELWEISS FINANCIAL SERVICES 0.65%
CANADIAN DOLLAR ACCOUNT 0.33%
GLOBAL FASHION GRP 0.03%
GLOBAL FASHION GRP P/P 0.03%
CHF/USD 06/20/2018 JPMCB 0.02%
CNH/USD 05/16/2018 GSFX 0.01%
EUR/USD 06/20/2018 GSFX 0.01%
GBP/USD 06/20/2018 JPMCB 0.01%
KRW/USD 05/16/2018 JPMCB 0.01%
SEK/USD 06/20/2018 CSI-FX 0.01%
AUD/USD 04/18/2018 BANKAM 0.00%
AUD/USD 04/18/2018 CITI 0.00%
AUD/USD 04/18/2018 SSBT 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 04/18/2018 CITI 0.00%
CAD/USD 04/18/2018 GSFX 0.00%
CAD/USD 04/18/2018 JPMCB 0.00%
CAD/USD 04/18/2018 SSBT 0.00%
CHF/USD 06/20/2018 BCAP-FX 0.00%
DKK/USD 06/20/2018 CITI 0.00%
EUR/USD 06/20/2018 CITI 0.00%
GBP/USD 06/20/2018 CITI 0.00%
GBP/USD 06/20/2018 GSFX 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HKD/USD 05/16/2018 BANKAM 0.00%
HKD/USD 05/16/2018 BCAP-FX 0.00%
ILS/USD 04/18/2018 SSBT 0.00%
JPY/USD 05/16/2018 CITI 0.00%
JPY/USD 05/16/2018 JPMCB 0.00%
JPY/USD 05/16/2018 RBSF 0.00%
JPY/USD 05/16/2018 SSBT 0.00%
KOREAN WON CALL ACCOUNT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NEW ZEALAND DOLLAR CALL ACCOUNT 0.00%
NOK/USD 06/20/2018 CSI-FX 0.00%
NOK/USD 06/20/2018 JPMCB 0.00%
NZD/USD 04/18/2018 CITI 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 06/20/2018 JPMCB 0.00%
SGD/USD 05/16/2018 JPMCB 0.00%
EUR/USD 06/20/2018 BANKAM -0.01%
EUR/USD 06/20/2018 JPMCB -0.01%
EUR/USD 06/20/2018 SSBT -0.01%
HONG KONG DOLLAR CALL ACCOUNT -0.12%
NORWEGIAN KRONE CALL ACCOUNT -0.61%
THE EURO EUR CALL ACCOUNT -0.62%

Prior top 10 holdings

Top 10 holdings as of 06/30/18
1: Total 3.08%
2: Rio Tinto 2.55%
3: Bayer Ag 2.44%
4: Toyota Motor Corp 2.09%
5: Unilever Nv 2.08%
6: Prudential 2.04%
7: Hoya Corp 1.98%
8: Bp 1.97%
9: Orix Corp 1.91%
10: Novartis Ag 1.89%
Holdings represent 22.03% of portfolio
Top 10 holdings as of 05/31/18
1: Total 2.60%
2: Rio Tinto 2.51%
3: Bayer Ag 2.33%
4: Magna International 2.16%
5: Prudential 2.06%
6: Unilever Nv 2.00%
7: Hoya Corp 1.98%
8: Toyota Motor Corp 1.91%
9: Orix Corp 1.89%
10: Siemens Ag 1.89%
Holdings represent 21.33% of portfolio
Top 10 holdings as of 04/30/18
1: Total 2.47%
2: Rio Tinto 2.38%
3: Prudential 2.17%
4: Bayer Ag 2.12%
5: Magna International 2.10%
6: Ing Groep Nv 2.02%
7: Unilever Nv 2.02%
8: Orix Corp 1.95%
9: Toyota Motor Corp 1.94%
10: Siemens Ag 1.93%
Holdings represent 21.10% of portfolio
Top 10 holdings as of 03/31/18
1: Total 2.23%
2: Rio Tinto 2.14%
3: Prudential 2.11%
4: Sony Corp 2.03%
5: Ing Groep Nv 2.03%
6: Magna International 2.00%
7: Bayer Ag 2.00%
8: Unilever Nv 2.00%
9: Orix Corp 1.98%
10: Toyota Motor Corp 1.93%
Holdings represent 20.45% of portfolio

Portfolio Composition as of 06/30/18

Common stock 97.74%
Cash and net other assets 1.18%
Preferred stock 1.05%
Convertible preferred stock 0.03%

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 06/30/18

Financials 23.35%
Industrials 17.14%
Consumer staples 12.31%
Consumer discretionary 11.91%
Health care 9.09%
Materials 8.31%
Information technology 7.55%
Energy 6.28%
Utilities 2.88%
 
Other
1.18%
Cash and net other assets 1.18%

Country Allocation as of 06/30/18

Japan 22.15%
United Kingdom 16.24%
Germany 12.70%
France 12.54%
Netherlands 6.56%
China 4.10%
Canada 3.40%
Ireland 3.40%
Switzerland 3.01%
 
Other
15.90%
Australia 2.77%
United States 2.04%
Singapore 1.39%
Denmark 1.37%
Sweden 1.22%
Cash and net other assets 1.18%
Italy 1.05%
South Korea 1.05%
Spain 0.93%
Luxembourg 0.80%
India 0.78%
Poland 0.76%
South Africa 0.56%