Putnam Hartford Capital Manager

Putnam International Growth Subaccount

The subaccount seeks long-term capital appreciation.

Fund description

The subaccount invests in companies outside the United States experiencing rapid earnings, sales, and business unit growth, and with the potential for positive earnings surprises. The fund invests primarily in large and midsize companies with superior competitive positions within their industries.

Sales story

Harnessing the potential of international growth companiesInternational growth: The fund invests in international companies with above-average earnings growth primarily from developed international markets.Diverse companies: The portfolio includes large companies that dominate their industries and midsize companies that are emerging leaders with strong future potential.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 01/31/18

Category: International Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 34% 19/56
1 yr. 7% 5/77
3 yrs. 59% 44/74
5 yrs. 62% 45/72

Risk Characteristics as of 01/31/18

Alpha (%) 0.23
Beta 0.95
R squared 0.91
Standard deviation (3 yrs.) 11.79

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. 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.

‡ 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 01/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 92
Turnover (fiscal year end) 117%
Net Assets $45M
Inception Date 01/02/97

Holdings

Top 10 holdings as of 01/31/18

Unilever Nv 2.83%
Bayer Ag 2.57%
Tencent Holdings 2.48%
Sony Corp 2.15%
Aia Group 2.07%
Burford Capital 1.97%
Adidas AG 1.87%
Challenger Financial Service 1.81%
Alibaba Group Holding 1.80%
Dalata Hotel Group 1.77%
Top 10 holdings, total: 21.32%

Equity Holdings as of 12/31/17

UNILEVER NV-CVA 2.39%
TENCENT HOLDINGS LTD 2.29%
BAYER AG-REG 2.23%
AIA GROUP LTD 2.16%
SONY CORP 2.16%
DALATA HOTEL GROUP PLC 1.96%
CHALLENGER LTD 1.89%
SHIRE PLC 1.87%
BURFORD CAPITAL LTD 1.84%
DIAGEO PLC 1.65%
RELX NV 1.64%
VALEO SA 1.64%
ALIBABA GROUP HOLDING-SP ADR 1.63%
ALCOA CORP 1.58%
KYUDENKO CORP 1.58%
MITSUBISHI UFJ FINANCIAL GRO 1.58%
TDK CORP 1.55%
ADIDAS AG 1.54%
COMPASS GROUP PLC 1.52%
HDFC BANK LIMITED 1.50%
HEINEKEN NV 1.50%
AIRBUS SE 1.47%
ILUKA RESOURCES LTD 1.45%
RHEINMETALL AG 1.41%
ROYAL DUTCH SHELL PLC-A SHS 1.38%
KOMATSU LTD 1.34%
RPC GROUP PLC 1.32%
JOHNSON CONTROLS INTERNATION 1.27%
SBERBANK PJSC -SPONSORED ADR 1.27%
MTU AERO ENGINES AG 1.23%
ING GROEP NV-CVA 1.20%
KERRY GROUP PLC-A 1.19%
SMS CO LTD 1.19%
AMUNDI SA 1.18%
RAYTHEON COMPANY 1.16%
SCREEN HOLDINGS CO LTD 1.16%
CLINIGEN GROUP PLC 1.15%
ENCANA CORP 1.13%
SHANGHAI FOSUN PHARMACEUTI-H 1.13%
PALTAC CORPORATION 1.10%
KION GROUP AG 1.08%
IRB BRASIL RESSEGUROS SA 1.07%
DELIVERY HERO AG 1.06%
DXC TECHNOLOGY CO 1.05%
UNICREDIT SPA 1.05%
SIEMENS AG 1.04%
SANWA HOLDINGS CORP 1.00%
DMG MORI CO LTD 0.98%
ORIX CORP 0.97%
SOCIETE GENERALE SA 0.94%
COM HEM HOLDING AB 0.93%
TURKCELL ILETISI 0.93%
DART GROUP PLC 0.90%
NCSOFT CORP 0.89%
TOSHIBA CORP 0.87%
VISA INC-CLASS A SHARES 0.87%
PC JEWELLER LTD 0.86%
STMICROELECTRONICS NV 0.86%
ALBEMARLE CORP 0.85%
ASSA ABLOY AB-B 0.84%
ASSOCIATED BRITISH FOODS PLC 0.82%
NOMAD FOODS LTD 0.81%
UNIVERSAL ENTERTAINMENT CORP 0.80%
AVICHINA INDUSTRY & TECH-H 0.79%
BAE SYSTEMS PLC 0.78%
CAIRN ENERGY PLC 0.78%
NOKIA OYJ 0.76%
X 5 RETAIL GROUP NV-REGS GDR 0.76%
ST JAMES'S PLACE PLC 0.67%
OUTSOURCING INC 0.66%
INSTRUCTURE INC 0.65%
KKR & CO LP 0.62%
SHISEIDO CO LTD 0.62%
CHINA WATER AFFAIRS GROUP 0.61%
GRUPO FINANCIERO GALICIA-ADR 0.60%
NINTENDO CO LTD 0.59%
DILIP BUILDCON LTD 0.57%
TECHTRONIC INDUSTRIES CO LTD 0.56%
JAZZ PHARMACEUTICALS PLC 0.54%
SAMSUNG ELECTRONICS CO LTD 0.54%
SHIBUYA CORPORATION 0.47%
ALTICE NV - A 0.43%
ELITE MATERIAL CO LTD 0.42%
J2 ACQUISITION LTD 0.39%
BASSO INDUSTRY CORP 0.14%
CHINA GRAND PHARMACEUTICAL A 0.13%
GLOBAL FASHION GRP P/P 0.03%
J2 ACQUISITION LTD-CW20 0.02%
FABFURNISH 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 12/31/17

UNILEVER NV-CVA 2.39%
TENCENT HOLDINGS LTD 2.29%
BAYER AG-REG 2.23%
AIA GROUP LTD 2.16%
SONY CORP 2.16%
DALATA HOTEL GROUP PLC 1.96%
CHALLENGER LTD 1.89%
SHIRE PLC 1.87%
BURFORD CAPITAL LTD 1.84%
DIAGEO PLC 1.65%
RELX NV 1.64%
VALEO SA 1.64%
ALIBABA GROUP HOLDING-SP ADR 1.63%
ALCOA CORP 1.58%
KYUDENKO CORP 1.58%
MITSUBISHI UFJ FINANCIAL GRO 1.58%
TDK CORP 1.55%
ADIDAS AG 1.54%
COMPASS GROUP PLC 1.52%
HDFC BANK LIMITED 1.50%
HEINEKEN NV 1.50%
AIRBUS SE 1.47%
ILUKA RESOURCES LTD 1.45%
RHEINMETALL AG 1.41%
ROYAL DUTCH SHELL PLC-A SHS 1.38%
KOMATSU LTD 1.34%
RPC GROUP PLC 1.32%
JOHNSON CONTROLS INTERNATION 1.27%
SBERBANK PJSC -SPONSORED ADR 1.27%
MTU AERO ENGINES AG 1.23%
ING GROEP NV-CVA 1.20%
KERRY GROUP PLC-A 1.19%
SMS CO LTD 1.19%
AMUNDI SA 1.18%
QINGDAO HAIER CO LTD 144A/REGS WARRANT 09/24/2018 1.16%
RAYTHEON COMPANY 1.16%
SCREEN HOLDINGS CO LTD 1.16%
CLINIGEN GROUP PLC 1.15%
ENCANA CORP 1.13%
SHANGHAI FOSUN PHARMACEUTI-H 1.13%
PALTAC CORPORATION 1.10%
KION GROUP AG 1.08%
IRB BRASIL RESSEGUROS SA 1.07%
DELIVERY HERO AG 1.06%
DXC TECHNOLOGY CO 1.05%
UNICREDIT SPA 1.05%
SIEMENS AG 1.04%
SANWA HOLDINGS CORP 1.00%
DMG MORI CO LTD 0.98%
ORIX CORP 0.97%
SHANGHAI INTL AIRPORT CO LTD 144A REGS WARRANT 05/07/2018 0.96%
SOCIETE GENERALE SA 0.94%
COM HEM HOLDING AB 0.93%
TURKCELL ILETISI 0.93%
DART GROUP PLC 0.90%
NCSOFT CORP 0.89%
TOSHIBA CORP 0.87%
VISA INC-CLASS A SHARES 0.87%
PC JEWELLER LTD 0.86%
STMICROELECTRONICS NV 0.86%
ALBEMARLE CORP 0.85%
ASSA ABLOY AB-B 0.84%
ASSOCIATED BRITISH FOODS PLC 0.82%
NOMAD FOODS LTD 0.81%
UNIVERSAL ENTERTAINMENT CORP 0.80%
AVICHINA INDUSTRY & TECH-H 0.79%
BAE SYSTEMS PLC 0.78%
CAIRN ENERGY PLC 0.78%
NOKIA OYJ 0.76%
X 5 RETAIL GROUP NV-REGS GDR 0.76%
ST JAMES'S PLACE PLC 0.67%
OUTSOURCING INC 0.66%
INSTRUCTURE INC 0.65%
KKR & CO LP 0.62%
SHISEIDO CO LTD 0.62%
CHINA WATER AFFAIRS GROUP 0.61%
GRUPO FINANCIERO GALICIA-ADR 0.60%
NINTENDO CO LTD 0.59%
DILIP BUILDCON LTD 0.57%
TECHTRONIC INDUSTRIES CO LTD 0.56%
JAZZ PHARMACEUTICALS PLC 0.54%
SAMSUNG ELECTRONICS CO LTD 0.54%
SHIBUYA CORPORATION 0.47%
ALTICE NV - A 0.43%
ELITE MATERIAL CO LTD 0.42%
J2 ACQUISITION LTD 0.39%
BASSO INDUSTRY CORP 0.14%
CHINA GRAND PHARMACEUTICAL A 0.13%
JAPANESE YEN CALL ACCOUNT 0.13%
TAIWAN DOLLAR CALL ACCOUNT 0.08%
HONG KONG DOLLAR CALL ACCOUNT 0.04%
CNH/USD 02/22/2018 GSFX 0.03%
GLOBAL FASHION GRP P/P 0.03%
GBP/USD 03/21/2018 BANKAM 0.02%
J2 ACQUISITION LTD-CW20 0.02%
CHF/USD 03/21/2018 BCAP-FX 0.01%
CHF/USD 03/21/2018 JPMCB 0.01%
KRW/USD 02/22/2018 JPMCB 0.01%
AUD/USD 01/17/2018 BANKAM 0.00%
AUD/USD 01/17/2018 CITI 0.00%
AUD/USD 01/17/2018 GSFX 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 01/17/2018 CSI-FX 0.00%
CAD/USD 01/17/2018 SSBT 0.00%
DKK/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 BANKAM 0.00%
EUR/USD 03/21/2018 BCAP-FX 0.00%
EUR/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 GSFX 0.00%
EUR/USD 03/21/2018 HSBCB 0.00%
EUR/USD 03/21/2018 JPMCB 0.00%
EUR/USD 03/21/2018 WPAC 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 03/21/2018 CITI 0.00%
GBP/USD 03/21/2018 GSFX 0.00%
GBP/USD 03/21/2018 SSBT 0.00%
HKD/USD 02/22/2018 BANKAM 0.00%
HKD/USD 02/22/2018 BCAP-FX 0.00%
ILS/USD 01/17/2018 SSBT 0.00%
JPY/USD 02/22/2018 BANKAM 0.00%
JPY/USD 02/22/2018 CITI 0.00%
JPY/USD 02/22/2018 GSFX 0.00%
JPY/USD 02/22/2018 SSBT 0.00%
KOREAN WON CALL ACCOUNT 0.00%
MXN/USD 01/17/2018 CITI 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NZD/USD 01/17/2018 JPMCB 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 03/21/2018 JPMCB 0.00%
SEK/USD 03/21/2018 SSBT 0.00%
SGD/USD 02/22/2018 JPMCB 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
GBP/USD 03/21/2018 JPMCB -0.01%
NOK/USD 03/21/2018 JPMCB -0.01%

Prior top 10 holdings

Top 10 holdings as of 01/31/18
1: Unilever Nv 2.83%
2: Bayer Ag 2.57%
3: Tencent Holdings 2.48%
4: Sony Corp 2.15%
5: Aia Group 2.07%
6: Burford Capital 1.97%
7: Adidas AG 1.87%
8: Challenger Financial Service 1.81%
9: Alibaba Group Holding 1.80%
10: Dalata Hotel Group 1.77%
Holdings represent 21.32% of portfolio
Top 10 holdings as of 12/31/17
1: Unilever Nv 2.39%
2: Tencent Holdings 2.29%
3: Bayer Ag 2.23%
4: Aia Group 2.16%
5: Sony Corp 2.16%
6: Dalata Hotel Group 1.96%
7: Challenger Financial Service 1.89%
8: Shire 1.87%
9: Burford Capital 1.84%
10: Diageo 1.65%
Holdings represent 20.44% of portfolio
Top 10 holdings as of 11/30/17
1: Tencent Holdings 2.31%
2: Bayer Ag 2.30%
3: Sony Corp 2.25%
4: Aia Group 2.08%
5: Burford Capital 1.99%
6: Challenger Financial Service 1.86%
7: Shire 1.79%
8: Alibaba Group Holding 1.68%
9: Compass Group 1.68%
10: Reed Elsevier N.V. 1.64%
Holdings represent 19.58% of portfolio
Top 10 holdings as of 10/31/17
1: Bayer Ag 2.37%
2: Tencent Holdings 2.02%
3: Burford Capital 1.98%
4: Aia Group 1.94%
5: Sony Corp 1.90%
6: Compass Group 1.83%
7: Challenger Financial Service 1.79%
8: Alibaba Group Holding 1.77%
9: Reed Elsevier N.V. 1.64%
10: Shire 1.59%
Holdings represent 18.83% of portfolio

Portfolio Composition as of 01/31/18

Common stock 98.40%
Cash and net other assets 1.60%

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.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging market securities, including illiquidity and volatility. 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.

Top Industry Sectors as of 01/31/18

Industrials 21.47%
Financials 19.03%
Information technology 16.55%
Consumer discretionary 12.96%
Consumer staples 9.91%
Health care 7.66%
Materials 6.22%
Energy 3.04%
Cash and net other assets 1.60%
 
Other
1.56%
Telecommunication services 0.98%
Utilities 0.58%

Country Allocation as of 01/31/18

Japan 19.66%
United Kingdom 14.03%
Germany 12.26%
China 8.58%
United States 8.56%
Netherlands 6.87%
France 6.70%
India 3.58%
Australia 3.33%
 
Other
16.43%
Ireland 2.84%
Russia 2.10%
Hong Kong 2.07%
Sweden 1.83%
Taiwan 1.65%
Cash and net other assets 1.60%
Brazil 1.15%
South Korea 0.82%
Canada 0.78%
Argentina 0.69%
Spain 0.50%
British Virgin Islands 0.37%
Luxembourg 0.03%