Putnam Hartford Capital Manager

Putnam Multi-Cap Core Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in stocks of U.S companies of all sizes. The subaccount is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.

Sales story

Seeking opportunities across a wide range of stocks"Go anywhere" approach: The fund invests in stocks of U.S. companies of all sizes and has the flexibility to own both growth and value stocks.A disciplined process: The portfolio managers use a disciplined, fundamental investment process with three buckets of idea generation: legacy companies, smart-money indicators, and special situations.Research focus: Backed by an Equity Research team, the portfolio managers use their stock-picking expertise to identify opportunities and manage risk.

Management team

Lipper ranking ‡ as of 06/30/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 16% 20/129
1 yr. 15% 25/176
3 yrs. 42% 72/171
5 yrs. 29% 46/163

Risk Characteristics as of 06/30/18

Alpha (%) -1.97
Beta 1.06
R squared 0.96
Standard deviation (3 yrs.) 10.84

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 06/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 155
Turnover (fiscal year end) 51%
Net Assets $272M
Inception Date 05/01/98

Holdings

Top 10 holdings as of 06/30/18

Microsoft Corp 5.02%
Apple 4.49%
JPMorgan Chase 3.11%
Alphabet 2.99%
Bank Of America Corp 2.20%
Cisco Systems 2.01%
Amazon.Com 1.92%
Facebook 1.79%
Citigroup 1.65%
Boeing The 1.61%
Top 10 holdings, total: 26.79%

Equity Holdings as of 03/31/18

MICROSOFT CORP 4.68%
APPLE INC 4.10%
JPMORGAN CHASE & CO 3.30%
BANK OF AMERICA CORP 2.36%
CISCO SYSTEMS INC 2.02%
ALPHABET INC-CL C 1.80%
CITIGROUP INC 1.68%
GOLDMAN SACHS GROUP INC 1.65%
AMAZON.COM INC 1.64%
BOEING CO/THE 1.58%
JOHNSON & JOHNSON 1.55%
WALMART INC 1.50%
FACEBOOK INC-A 1.48%
AMGEN INC 1.28%
MORGAN STANLEY 1.22%
HOME DEPOT INC 1.21%
COMCAST CORP-CLASS A 1.20%
CATERPILLAR INC 1.15%
ROYAL DUTCH SHELL-SPON ADR-A 1.14%
INTEL CORP 1.11%
AT&T INC 1.10%
BECTON DICKINSON AND CO 1.07%
PFIZER INC 1.04%
LAM RESEARCH CORP 0.99%
ALPHABET INC-CL A 0.98%
CONOCOPHILLIPS 0.98%
APPLIED MATERIALS INC 0.96%
PEPSICO INC 0.96%
WALT DISNEY CO/THE 0.92%
VISA INC-CLASS A SHARES 0.91%
BAXTER INTERNATIONAL INC 0.86%
MASTERCARD INC - A 0.83%
DOWDUPONT INC 0.81%
GILEAD SCIENCES INC 0.81%
ORACLE CORP 0.79%
CAPITAL ONE FINANCIAL CORP 0.78%
UNITED RENTALS INC 0.76%
LOWES COMPANIES INC 0.75%
TEXAS INSTRUMENTS INC 0.75%
ABBVIE INC 0.74%
PULTEGROUP INC 0.73%
AMERIPRISE FINANCIAL INC 0.72%
BEST BUY CO INC 0.72%
FREEPORT-MCMORAN INC 0.72%
SOUTHWEST AIRLINES CO 0.72%
CF INDUSTRIES HOLDINGS INC 0.70%
BIOGEN INC 0.67%
ANTHEM INC 0.66%
INTL BUSINESS MACHINES CORP 0.66%
LEAR CORP 0.66%
BERKSHIRE HATHAWAY INC-CL B 0.65%
HUMANA INC 0.65%
STATE STREET CORP 0.65%
EMERSON ELECTRIC CO 0.64%
EXXON MOBIL CORP 0.64%
TOTAL SA-SPON ADR 0.64%
WYNDHAM WORLDWIDE CORP 0.64%
DXC TECHNOLOGY CO 0.63%
FEDEX CORP 0.63%
HCA HEALTHCARE INC 0.63%
VALERO ENERGY CORP 0.63%
TARGET CORP 0.62%
NORFOLK SOUTHERN CORP 0.60%
HP INC 0.59%
LAS VEGAS SANDS CORP 0.59%
MCKESSON CORP 0.59%
DEERE & CO 0.58%
EXELON CORP 0.58%
NRG ENERGY INC 0.58%
ENTERGY CORP 0.57%
LINCOLN NATIONAL CORP 0.57%
CVS HEALTH CORP 0.56%
WASTE MANAGEMENT INC 0.56%
EASTERLY GOVERNMENT PROPERTI 0.55%
GENERAL MOTORS CO 0.55%
JAZZ PHARMACEUTICALS PLC 0.54%
LIVE NATION ENTERTAINMENT IN 0.54%
SUNTRUST BANKS INC 0.54%
KROGER CO 0.53%
COSTCO WHOLESALE CORP 0.52%
ENTERPRISE PRODUCTS PARTNERS 0.51%
ARCHER-DANIELS-MIDLAND CO 0.50%
ALCOA CORP 0.49%
WALGREENS BOOTS ALLIANCE INC 0.48%
ADOBE SYSTEMS INC 0.47%
CIGNA CORP 0.47%
FGL HLDGS ORD SHS RESTRICTED 0.47%
HANESBRANDS INC 0.47%
KKR & CO LP 0.47%
CBRE GROUP INC - A 0.46%
DELIVERY HERO AG 0.46%
PIRELLI & C SPA 0.46%
SUNCOR ENERGY INC 0.46%
VERIZON COMMUNICATIONS INC 0.46%
PROCTER & GAMBLE CO/THE 0.45%
MANPOWERGROUP INC 0.44%
ASSURED GUARANTY LTD 0.43%
FIRSTENERGY CORP 0.43%
MCCORMICK & CO-NON VTG SHRS 0.43%
ARMADA HOFFLER PROPERTIES IN 0.41%
AMERICAN INTERNATIONAL GROUP 0.40%
DELL TECHNOLOGIES INC-CL V 0.40%
MARATHON OIL CORP 0.40%
BOARDWALK PIPELINE PARTNERS 0.39%
GAP INC/THE 0.36%
TPG PACE HOLDINGS CORP 0.36%
CHILDREN'S PLACE INC/THE 0.35%
PENN NATIONAL GAMING INC 0.35%
EBAY INC 0.33%
COCA-COLA CO/THE 0.32%
GENERAL DYNAMICS CORP 0.32%
INVESCO LTD 0.32%
KIMBERLY-CLARK CORP 0.31%
BANK OF NEW YORK MELLON CORP 0.29%
EASTERLY ACQUISITION CORP 0.29%
KRAFT HEINZ CO/THE 0.28%
J2 ACQUISITION LTD 0.27%
MOLSON COORS BREWING CO -B 0.27%
ENCANA CORP 0.26%
FEDERAL STREET ACQUISITION 0.26%
HYATT HOTELS CORP - CL A 0.26%
KENNEDY-WILSON HOLDINGS INC 0.26%
OWENS CORNING 0.26%
AMERICAN TOWER CORP 0.25%
DELTA AIR LINES INC 0.25%
PLAYA HOTELS & RESORTS NV 0.25%
LYONDELLBASELL INDU-CL A 0.22%
PLAINS GP HOLDINGS LP-CL A 0.21%
ALIGNVEST ACQUISITION II C-A 0.20%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.19%
KIMBELL ROYALTY PARTNERS LP 0.19%
PRUDENTIAL FINANCIAL INC 0.19%
CAPITOL INVESTMENT CORP IV 0.16%
HAYMAKER ACQUISITION CORP 0.15%
GORES HOLDINGS II INC 0.13%
WYNN RESORTS LTD 0.10%
SELECT ENERGY SVCS-A-1 0.06%
GLOBAL FASHION GRP P/P 0.02%
ALIGNVEST ACQUISITION - CW 0.01%
CISION LTD - CW22 0.01%
EASTERLY ACQ CORP - CW20 0.01%
J2 ACQUISITION LTD-CW20 0.01%
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

MICROSOFT CORP 4.68%
APPLE INC 4.10%
JPMORGAN CHASE & CO 3.30%
BANK OF AMERICA CORP 2.36%
CISCO SYSTEMS INC 2.02%
ALPHABET INC-CL C 1.80%
CITIGROUP INC 1.68%
GOLDMAN SACHS GROUP INC 1.65%
AMAZON.COM INC 1.64%
BOEING CO/THE 1.58%
JOHNSON & JOHNSON 1.55%
WALMART INC 1.50%
FACEBOOK INC-A 1.48%
AMGEN INC 1.28%
MORGAN STANLEY 1.22%
HOME DEPOT INC 1.21%
COMCAST CORP-CLASS A 1.20%
CATERPILLAR INC 1.15%
ROYAL DUTCH SHELL-SPON ADR-A 1.14%
INTEL CORP 1.11%
AT&T INC 1.10%
BECTON DICKINSON AND CO 1.07%
PFIZER INC 1.04%
LAM RESEARCH CORP 0.99%
ALPHABET INC-CL A 0.98%
CONOCOPHILLIPS 0.98%
APPLIED MATERIALS INC 0.96%
PEPSICO INC 0.96%
WALT DISNEY CO/THE 0.92%
VISA INC-CLASS A SHARES 0.91%
BAXTER INTERNATIONAL INC 0.86%
MASTERCARD INC - A 0.83%
DOWDUPONT INC 0.81%
GILEAD SCIENCES INC 0.81%
ORACLE CORP 0.79%
CAPITAL ONE FINANCIAL CORP 0.78%
UNITED RENTALS INC 0.76%
LOWES COMPANIES INC 0.75%
TEXAS INSTRUMENTS INC 0.75%
ABBVIE INC 0.74%
PULTEGROUP INC 0.73%
AMERIPRISE FINANCIAL INC 0.72%
BEST BUY CO INC 0.72%
FREEPORT-MCMORAN INC 0.72%
SOUTHWEST AIRLINES CO 0.72%
CF INDUSTRIES HOLDINGS INC 0.70%
BIOGEN INC 0.67%
ANTHEM INC 0.66%
INTL BUSINESS MACHINES CORP 0.66%
LEAR CORP 0.66%
BERKSHIRE HATHAWAY INC-CL B 0.65%
HUMANA INC 0.65%
STATE STREET CORP 0.65%
EMERSON ELECTRIC CO 0.64%
EXXON MOBIL CORP 0.64%
TOTAL SA-SPON ADR 0.64%
WYNDHAM WORLDWIDE CORP 0.64%
DXC TECHNOLOGY CO 0.63%
FEDEX CORP 0.63%
HCA HEALTHCARE INC 0.63%
VALERO ENERGY CORP 0.63%
TARGET CORP 0.62%
NORFOLK SOUTHERN CORP 0.60%
HP INC 0.59%
LAS VEGAS SANDS CORP 0.59%
MCKESSON CORP 0.59%
DEERE & CO 0.58%
EXELON CORP 0.58%
NRG ENERGY INC 0.58%
ENTERGY CORP 0.57%
LINCOLN NATIONAL CORP 0.57%
CVS HEALTH CORP 0.56%
WASTE MANAGEMENT INC 0.56%
EASTERLY GOVERNMENT PROPERTI 0.55%
GENERAL MOTORS CO 0.55%
JAZZ PHARMACEUTICALS PLC 0.54%
LIVE NATION ENTERTAINMENT IN 0.54%
SUNTRUST BANKS INC 0.54%
KROGER CO 0.53%
COSTCO WHOLESALE CORP 0.52%
ENTERPRISE PRODUCTS PARTNERS 0.51%
ARCHER-DANIELS-MIDLAND CO 0.50%
ALCOA CORP 0.49%
WALGREENS BOOTS ALLIANCE INC 0.48%
ADOBE SYSTEMS INC 0.47%
CIGNA CORP 0.47%
FGL HLDGS ORD SHS RESTRICTED 0.47%
HANESBRANDS INC 0.47%
KKR & CO LP 0.47%
CBRE GROUP INC - A 0.46%
DELIVERY HERO AG 0.46%
PIRELLI & C SPA 0.46%
SUNCOR ENERGY INC 0.46%
VERIZON COMMUNICATIONS INC 0.46%
PROCTER & GAMBLE CO/THE 0.45%
MANPOWERGROUP INC 0.44%
ASSURED GUARANTY LTD 0.43%
FIRSTENERGY CORP 0.43%
MCCORMICK & CO-NON VTG SHRS 0.43%
ARMADA HOFFLER PROPERTIES IN 0.41%
AMERICAN INTERNATIONAL GROUP 0.40%
DELL TECHNOLOGIES INC-CL V 0.40%
MARATHON OIL CORP 0.40%
BOARDWALK PIPELINE PARTNERS 0.39%
GAP INC/THE 0.36%
TPG PACE HOLDINGS CORP 0.36%
CHILDREN'S PLACE INC/THE 0.35%
PENN NATIONAL GAMING INC 0.35%
EBAY INC 0.33%
COCA-COLA CO/THE 0.32%
GENERAL DYNAMICS CORP 0.32%
INVESCO LTD 0.32%
KIMBERLY-CLARK CORP 0.31%
BANK OF NEW YORK MELLON CORP 0.29%
EASTERLY ACQUISITION CORP 0.29%
KRAFT HEINZ CO/THE 0.28%
J2 ACQUISITION LTD 0.27%
MOLSON COORS BREWING CO -B 0.27%
ENCANA CORP 0.26%
FEDERAL STREET ACQUISITION 0.26%
HYATT HOTELS CORP - CL A 0.26%
KENNEDY-WILSON HOLDINGS INC 0.26%
OWENS CORNING 0.26%
AMERICAN TOWER CORP 0.25%
DELTA AIR LINES INC 0.25%
PLAYA HOTELS & RESORTS NV 0.25%
LYONDELLBASELL INDU-CL A 0.22%
PLAINS GP HOLDINGS LP-CL A 0.21%
ALIGNVEST ACQUISITION II C-A 0.20%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.19%
KIMBELL ROYALTY PARTNERS LP 0.19%
PRUDENTIAL FINANCIAL INC 0.19%
CAPITOL INVESTMENT CORP IV 0.16%
HAYMAKER ACQUISITION CORP 0.15%
GORES HOLDINGS II INC 0.13%
WYNN RESORTS LTD 0.10%
SELECT ENERGY SVCS-A-1 0.06%
GLOBAL FASHION GRP P/P 0.02%
ALIGNVEST ACQUISITION - CW 0.01%
CISION LTD - CW22 0.01%
EASTERLY ACQ CORP - CW20 0.01%
J2 ACQUISITION LTD-CW20 0.01%
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%
POUND STERLING CALL ACCOUNT 0.00%
THE EURO EUR CALL ACCOUNT 0.00%

Prior top 10 holdings

Top 10 holdings as of 06/30/18
1: Microsoft Corp 5.02%
2: Apple 4.49%
3: JPMorgan Chase 3.11%
4: Alphabet 2.99%
5: Bank Of America Corp 2.20%
6: Cisco Systems 2.01%
7: Amazon.Com 1.92%
8: Facebook 1.79%
9: Citigroup 1.65%
10: Boeing The 1.61%
Holdings represent 26.79% of portfolio
Top 10 holdings as of 05/31/18
1: Microsoft Corp 4.99%
2: Apple 4.50%
3: JPMorgan Chase 3.17%
4: Alphabet 2.89%
5: Bank Of America Corp 2.25%
6: Cisco Systems 1.98%
7: Amazon.Com 1.83%
8: Facebook 1.75%
9: Boeing The 1.67%
10: Citigroup 1.63%
Holdings represent 26.66% of portfolio
Top 10 holdings as of 04/30/18
1: Microsoft Corp 4.81%
2: Apple 4.05%
3: JPMorgan Chase 3.28%
4: Alphabet 2.74%
5: Bank Of America Corp 2.36%
6: Cisco Systems 2.09%
7: Amazon.Com 1.78%
8: Citigroup 1.70%
9: Boeing The 1.61%
10: Facebook 1.60%
Holdings represent 26.02% of portfolio
Top 10 holdings as of 03/31/18
1: Microsoft Corp 4.68%
2: Apple 4.10%
3: JPMorgan Chase 3.30%
4: Alphabet 2.78%
5: Bank Of America Corp 2.36%
6: Cisco Systems 2.02%
7: Citigroup 1.68%
8: Goldman Sachs Group The 1.65%
9: Amazon.Com 1.64%
10: Boeing The 1.58%
Holdings represent 25.79% of portfolio

Portfolio Composition as of 06/30/18

Common stock 97.72%
Cash and net other assets 2.08%
Convertible preferred stock 0.20%

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 06/30/18

Information technology 26.00%
Financials 17.25%
Consumer discretionary 13.96%
Health care 12.00%
Energy 7.46%
Industrials 7.16%
Consumer staples 5.29%
Materials 2.93%
Utilities 2.25%
 
Other
5.70%
Real estate 2.10%
Cash and net other assets 2.08%
Telecommunication services 1.52%