Putnam Hartford Capital Manager

Putnam Investors Subaccount

The subaccount seeks long-term growth of capital and any increased income that results from this growth.

Fund description

The subaccount invests in stocks of large, well-established companies. Its portfolio may include stocks of companies whose products, services, and names are recognized and respected around the world. The subaccount is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.

Sales story

Seeking great companies for investorsA "go-anywhere" approach: The fund is not rigidly limited to a single style. Its manager can invest in growth or value stocks, targeting those that can perform well in a variety of market conditions.Disciplined process: The fund's manager use exhaustive fundamental research to look for large U.S. companies whose stock prices do not reflect their long-range prospects.Leading research: The portfolio manager is supported by Putnam's Global Equity Research Group, whose analysts visit with hundreds of companies each year.

Management team

Lipper ranking ‡ as of 09/30/17

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 48% 63/131
1 yr. 8% 14/185
3 yrs. 66% 118/178
5 yrs. 28% 45/165

Risk Characteristics as of 09/30/17

Alpha (%) -2.16
Beta 1.05
R squared 0.96
Standard deviation (3 yrs.) 10.70

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

‡ 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 09/30/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 146
Turnover (fiscal year end) 50%
Net Assets $275M
Inception Date 05/01/98

Holdings

Top 10 holdings as of 09/30/17

Microsoft Corp 3.96%
Apple 3.95%
JPMorgan Chase 3.42%
Alphabet 2.70%
Bank Of America Corp 2.17%
Citigroup 1.87%
Johnson & Johnson 1.68%
Cisco Systems 1.65%
Goldman Sachs Group The 1.63%
Facebook 1.60%
Top 10 holdings, total: 24.63%

Equity Holdings as of 06/30/17

APPLE INC 3.94%
MICROSOFT CORP 3.86%
JPMORGAN CHASE & CO 3.41%
ALPHABET INC-CL C 2.49%
JOHNSON & JOHNSON 2.18%
BANK OF AMERICA CORP 2.12%
CITIGROUP INC 1.81%
CISCO SYSTEMS INC 1.61%
COMCAST CORP-CLASS A 1.61%
GOLDMAN SACHS GROUP INC 1.55%
PEPSICO INC 1.55%
WALGREENS BOOTS ALLIANCE INC 1.47%
AMGEN INC 1.41%
WAL-MART STORES INC 1.29%
AT&T INC 1.27%
AMAZON.COM INC 1.22%
FACEBOOK INC-A 1.21%
HOME DEPOT INC 1.14%
BECTON DICKINSON AND CO 1.05%
BOEING CO/THE 1.01%
ROYAL DUTCH SHELL-SPON ADR-A 1.01%
MORGAN STANLEY 0.99%
SOUTHWEST AIRLINES CO 0.98%
ALPHABET INC-CL A 0.94%
PFIZER INC 0.93%
MERCK & CO. INC. 0.88%
CELGENE CORP 0.84%
ORACLE CORP 0.84%
MCKESSON CORP 0.82%
BAXTER INTERNATIONAL INC 0.81%
CONOCOPHILLIPS 0.80%
DXC TECHNOLOGY CO 0.79%
APPLIED MATERIALS INC 0.78%
HONEYWELL INTERNATIONAL INC 0.78%
INTEL CORP 0.78%
DR PEPPER SNAPPLE GROUP INC 0.75%
EXXON MOBIL CORP 0.74%
LAM RESEARCH CORP 0.74%
QUALCOMM INC 0.74%
CAPITAL ONE FINANCIAL CORP 0.71%
NORFOLK SOUTHERN CORP 0.71%
NORTHROP GRUMMAN CORP 0.71%
LOWES COMPANIES INC 0.70%
GILEAD SCIENCES INC 0.68%
CVS HEALTH CORP 0.67%
INTL BUSINESS MACHINES CORP 0.67%
REGIONS FINANCIAL CORP 0.67%
BEST BUY CO INC 0.65%
PULTEGROUP INC 0.65%
HUMANA INC 0.63%
INGERSOLL-RAND PLC 0.63%
MASTERCARD INC - A 0.63%
ANTHEM INC 0.62%
T-MOBILE US INC 0.62%
DELL TECHNOLOGIES INC-CL V 0.60%
EASTERLY GOVERNMENT PROPERTI 0.60%
HCA HEALTHCARE INC 0.60%
TEXAS INSTRUMENTS INC 0.60%
CATERPILLAR INC 0.59%
LIVE NATION ENTERTAINMENT IN 0.59%
STATE STREET CORP 0.59%
AMERIPRISE FINANCIAL INC 0.58%
CBS CORP-CLASS B NON VOTING 0.58%
ROCKWELL AUTOMATION INC 0.58%
COCA-COLA CO/THE 0.56%
LAS VEGAS SANDS CORP 0.56%
LINCOLN NATIONAL CORP 0.56%
BAKER HUGHES INC 0.55%
ENTERPRISE PRODUCTS PARTNERS 0.55%
BIOGEN INC 0.54%
FREEPORT-MCMORAN INC 0.54%
JOHNSON CONTROLS INTERNATION 0.54%
DOW CHEMICAL CO/THE 0.53%
EXELON CORP 0.53%
CUMMINS INC 0.52%
EXPRESS SCRIPTS HOLDING CO 0.52%
GOODYEAR TIRE & RUBBER CO 0.52%
HANESBRANDS INC 0.52%
LEAR CORP 0.52%
AMERICAN INTERNATIONAL GROUP 0.51%
CF INDUSTRIES HOLDINGS INC 0.51%
VALERO ENERGY CORP 0.50%
WYNDHAM WORLDWIDE CORP 0.50%
DISH NETWORK CORP-A 0.49%
HP INC 0.49%
JAZZ PHARMACEUTICALS PLC 0.49%
ENTERGY CORP 0.48%
BIOVERATIV INC 0.47%
CF CORP FORWARD PURCHASE P/P 144A 0.47%
KKR & CO LP 0.46%
PRUDENTIAL FINANCIAL INC 0.46%
TARGET CORP 0.46%
NRG ENERGY INC 0.45%
DANAHER CORP 0.44%
SYNCHRONY FINANCIAL 0.44%
ARMADA HOFFLER PROPERTIES IN 0.43%
ASSURED GUARANTY LTD 0.43%
ROSS STORES INC 0.42%
UNITED RENTALS INC 0.42%
HARTFORD FINANCIAL SVCS GRP 0.41%
HEWLETT PACKARD ENTERPRIS 0.41%
SUNCOR ENERGY INC 0.41%
KRAFT HEINZ CO/THE 0.40%
CBRE GROUP INC - A 0.39%
E*TRADE FINANCIAL CORPORATION 0.37%
TPG PACE HOLDINGS CORP 0.37%
UNITED CONTINENTAL HOLDINGS 0.37%
DELIVERY HERO AG 0.36%
ALBEMARLE CORP 0.35%
DU PONT (E.I.) DE NEMOURS 0.34%
MANPOWERGROUP INC 0.32%
REYNOLDS AMERICAN INC 0.32%
ALCOA CORP 0.30%
KENNEDY-WILSON HOLDINGS INC 0.30%
MARATHON OIL CORP 0.30%
PENN NATIONAL GAMING INC 0.30%
ALIBABA GROUP HOLDING-SP ADR 0.29%
EASTERLY ACQUISITION CORP 0.29%
AMERICAN AIRLINES GROUP INC 0.28%
EDISON INTERNATIONAL 0.28%
GAP INC/THE 0.28%
XEROX CORP 0.28%
HANNON ARMSTRONG SUSTAINABLE 0.27%
EOG RESOURCES INC 0.26%
PLAINS GP HOLDINGS LP-CL A 0.26%
SELECT ENERGY SVCS 0.26%
INVESCO LTD 0.25%
KOMATSU LTD 0.25%
UGI CORP 0.25%
AMERICAN TOWER CORP 05.5000 CV PFD 0.24%
KIMBELL ROYALTY PARTNERS LP 0.24%
CHARTER COMMUNICATIONS INC-A 0.23%
ALIGNVEST ACQUISITION II COR 0.21%
DEL TACO RESTAURANTS INC 0.21%
EXPEDIA INC 0.21%
STERICYCLE INC 0.21%
NCR CORPORATION 0.19%
PLAYA HOTELS & RESORTS NV 0.19%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
CONDUENT INC 0.18%
FORTERRA INC 0.18%
IRIDIUM COMMUNICATIONS I 07.0000 CV PFD 0.17%
HYATT HOTELS CORP - CL A 0.15%
GORES HOLDINGS II INC 0.13%
NEW HOME CO INC/THE 0.12%
CAPITOL ACQUISITION CORP III 0.08%
GLOBAL FASHION GRP P/P 0.02%
EASTERLY ACQ CORP - CW20 0.01%
FABFURNISH GMBH P/P 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%

Full Portfolio Holdings as of 06/30/17

APPLE INC 3.94%
MICROSOFT CORP 3.86%
JPMORGAN CHASE & CO 3.41%
ALPHABET INC-CL C 2.49%
JOHNSON & JOHNSON 2.18%
BANK OF AMERICA CORP 2.12%
CITIGROUP INC 1.81%
CISCO SYSTEMS INC 1.61%
COMCAST CORP-CLASS A 1.61%
GOLDMAN SACHS GROUP INC 1.55%
PEPSICO INC 1.55%
WALGREENS BOOTS ALLIANCE INC 1.47%
AMGEN INC 1.41%
WAL-MART STORES INC 1.29%
AT&T INC 1.27%
AMAZON.COM INC 1.22%
FACEBOOK INC-A 1.21%
HOME DEPOT INC 1.14%
BECTON DICKINSON AND CO 1.05%
BOEING CO/THE 1.01%
ROYAL DUTCH SHELL-SPON ADR-A 1.01%
MORGAN STANLEY 0.99%
SOUTHWEST AIRLINES CO 0.98%
ALPHABET INC-CL A 0.94%
PFIZER INC 0.93%
MERCK & CO. INC. 0.88%
CELGENE CORP 0.84%
ORACLE CORP 0.84%
MCKESSON CORP 0.82%
BAXTER INTERNATIONAL INC 0.81%
CONOCOPHILLIPS 0.80%
DXC TECHNOLOGY CO 0.79%
APPLIED MATERIALS INC 0.78%
HONEYWELL INTERNATIONAL INC 0.78%
INTEL CORP 0.78%
DR PEPPER SNAPPLE GROUP INC 0.75%
EXXON MOBIL CORP 0.74%
LAM RESEARCH CORP 0.74%
QUALCOMM INC 0.74%
CAPITAL ONE FINANCIAL CORP 0.71%
NORFOLK SOUTHERN CORP 0.71%
NORTHROP GRUMMAN CORP 0.71%
LOWES COMPANIES INC 0.70%
GILEAD SCIENCES INC 0.68%
CVS HEALTH CORP 0.67%
INTL BUSINESS MACHINES CORP 0.67%
REGIONS FINANCIAL CORP 0.67%
BEST BUY CO INC 0.65%
PULTEGROUP INC 0.65%
HUMANA INC 0.63%
INGERSOLL-RAND PLC 0.63%
MASTERCARD INC - A 0.63%
ANTHEM INC 0.62%
T-MOBILE US INC 0.62%
DELL TECHNOLOGIES INC-CL V 0.60%
EASTERLY GOVERNMENT PROPERTI 0.60%
HCA HEALTHCARE INC 0.60%
TEXAS INSTRUMENTS INC 0.60%
CATERPILLAR INC 0.59%
LIVE NATION ENTERTAINMENT IN 0.59%
STATE STREET CORP 0.59%
AMERIPRISE FINANCIAL INC 0.58%
CBS CORP-CLASS B NON VOTING 0.58%
ROCKWELL AUTOMATION INC 0.58%
COCA-COLA CO/THE 0.56%
LAS VEGAS SANDS CORP 0.56%
LINCOLN NATIONAL CORP 0.56%
BAKER HUGHES INC 0.55%
ENTERPRISE PRODUCTS PARTNERS 0.55%
BIOGEN INC 0.54%
FREEPORT-MCMORAN INC 0.54%
JOHNSON CONTROLS INTERNATION 0.54%
DOW CHEMICAL CO/THE 0.53%
EXELON CORP 0.53%
CUMMINS INC 0.52%
EXPRESS SCRIPTS HOLDING CO 0.52%
GOODYEAR TIRE & RUBBER CO 0.52%
HANESBRANDS INC 0.52%
LEAR CORP 0.52%
AMERICAN INTERNATIONAL GROUP 0.51%
CF INDUSTRIES HOLDINGS INC 0.51%
VALERO ENERGY CORP 0.50%
WYNDHAM WORLDWIDE CORP 0.50%
DISH NETWORK CORP-A 0.49%
HP INC 0.49%
JAZZ PHARMACEUTICALS PLC 0.49%
ENTERGY CORP 0.48%
BIOVERATIV INC 0.47%
CF CORP FORWARD PURCHASE P/P 144A 0.47%
KKR & CO LP 0.46%
PRUDENTIAL FINANCIAL INC 0.46%
TARGET CORP 0.46%
NRG ENERGY INC 0.45%
DANAHER CORP 0.44%
SYNCHRONY FINANCIAL 0.44%
ARMADA HOFFLER PROPERTIES IN 0.43%
ASSURED GUARANTY LTD 0.43%
ROSS STORES INC 0.42%
UNITED RENTALS INC 0.42%
HARTFORD FINANCIAL SVCS GRP 0.41%
HEWLETT PACKARD ENTERPRIS 0.41%
SUNCOR ENERGY INC 0.41%
KRAFT HEINZ CO/THE 0.40%
CBRE GROUP INC - A 0.39%
E*TRADE FINANCIAL CORPORATION 0.37%
TPG PACE HOLDINGS CORP 0.37%
UNITED CONTINENTAL HOLDINGS 0.37%
DELIVERY HERO AG 0.36%
ALBEMARLE CORP 0.35%
DU PONT (E.I.) DE NEMOURS 0.34%
THE EURO EUR CALL ACCOUNT 0.33%
MANPOWERGROUP INC 0.32%
REYNOLDS AMERICAN INC 0.32%
ALCOA CORP 0.30%
KENNEDY-WILSON HOLDINGS INC 0.30%
MARATHON OIL CORP 0.30%
PENN NATIONAL GAMING INC 0.30%
ALIBABA GROUP HOLDING-SP ADR 0.29%
EASTERLY ACQUISITION CORP 0.29%
AMERICAN AIRLINES GROUP INC 0.28%
EDISON INTERNATIONAL 0.28%
GAP INC/THE 0.28%
XEROX CORP 0.28%
HANNON ARMSTRONG SUSTAINABLE 0.27%
EOG RESOURCES INC 0.26%
PLAINS GP HOLDINGS LP-CL A 0.26%
SELECT ENERGY SVCS 0.26%
INVESCO LTD 0.25%
KOMATSU LTD 0.25%
UGI CORP 0.25%
AMERICAN TOWER CORP 05.5000 CV PFD 0.24%
KIMBELL ROYALTY PARTNERS LP 0.24%
CHARTER COMMUNICATIONS INC-A 0.23%
ALIGNVEST ACQUISITION II COR 0.21%
DEL TACO RESTAURANTS INC 0.21%
EXPEDIA INC 0.21%
STERICYCLE INC 0.21%
NCR CORPORATION 0.19%
PLAYA HOTELS & RESORTS NV 0.19%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
CONDUENT INC 0.18%
FORTERRA INC 0.18%
DISH NETWORK P/P 144A CV 03.3750 08/15/2026 0.17%
IRIDIUM COMMUNICATIONS I 07.0000 CV PFD 0.17%
HYATT HOTELS CORP - CL A 0.15%
GORES HOLDINGS II INC 0.13%
NEW HOME CO INC/THE 0.12%
CAPITOL ACQUISITION CORP III 0.08%
GLOBAL FASHION GRP P/P 0.02%
EASTERLY ACQ CORP - CW20 0.01%
FABFURNISH GMBH P/P 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%

Prior top 10 holdings

Top 10 holdings as of 09/30/17
1: Microsoft Corp 3.96%
2: Apple 3.95%
3: JPMorgan Chase 3.42%
4: Alphabet 2.70%
5: Bank Of America Corp 2.17%
6: Citigroup 1.87%
7: Johnson & Johnson 1.68%
8: Cisco Systems 1.65%
9: Goldman Sachs Group The 1.63%
10: Facebook 1.60%
Holdings represent 24.63% of portfolio
Top 10 holdings as of 08/31/17
1: Apple 4.33%
2: Microsoft Corp 4.14%
3: JPMorgan Chase 3.36%
4: Alphabet 2.81%
5: Bank Of America Corp 2.10%
6: Johnson Johnson 1.84%
7: Citigroup 1.82%
8: Comcast Corp 1.66%
9: Cisco Systems 1.64%
10: Facebook 1.64%
Holdings represent 25.34% of portfolio
Top 10 holdings as of 07/31/17
1: Microsoft Corp 3.99%
2: Apple 3.99%
3: Alphabet 3.44%
4: JPMorgan Chase 3.36%
5: Johnson & Johnson 2.14%
6: Bank Of America Corp 2.10%
7: Citigroup 1.82%
8: Comcast Corp 1.64%
9: Cisco Systems 1.59%
10: Goldman Sachs Group The 1.58%
Holdings represent 25.65% of portfolio
Top 10 holdings as of 06/30/17
1: Apple 3.94%
2: Microsoft Corp 3.86%
3: Alphabet 3.43%
4: JPMorgan Chase 3.41%
5: Johnson & Johnson 2.18%
6: Bank Of America Corp 2.12%
7: Citigroup 1.81%
8: Comcast Corp 1.61%
9: Cisco Systems 1.61%
10: Goldman Sachs Group The 1.55%
Holdings represent 25.52% of portfolio

Portfolio Composition as of 09/30/17

Common stock 97.92%
Cash and net other assets 1.67%
Convertible preferred stock 0.41%

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.

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

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.

Top Industry Sectors as of 09/30/17

Information technology 24.39%
Financials 17.56%
Health care 13.44%
Consumer discretionary 13.00%
Industrials 8.48%
Consumer staples 7.02%
Energy 6.13%
Materials 2.73%
Utilities 2.00%
 
Other
5.25%
Real estate 1.90%
Telecommunication services 1.68%
Cash and net other assets 1.67%