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 09/30/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 14% 17/122
1 yr. 29% 48/169
3 yrs. 26% 41/161
5 yrs. 32% 48/153

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 09/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 159
Turnover (fiscal year end) 51%
Net Assets $281M
Inception Date 05/01/98

Holdings

Top 10 holdings as of 09/30/18

Microsoft Corp 5.25%
Apple 4.67%
JPMorgan Chase 2.91%
Alphabet 2.71%
Bank Of America Corp 2.25%
Amazon.Com 2.05%
Cisco Systems 1.92%
Citigroup 1.71%
Amgen 1.50%
Pfizer 1.42%
Top 10 holdings, total: 26.39%

Equity Holdings as of 06/30/18

MICROSOFT CORP 4.73%
APPLE INC 4.12%
JPMORGAN CHASE & CO 2.93%
BANK OF AMERICA CORP 2.22%
CISCO SYSTEMS INC 1.89%
AMAZON.COM INC 1.79%
ALPHABET INC-CL C 1.73%
CITIGROUP INC 1.65%
FACEBOOK INC-A 1.59%
BOEING CO/THE 1.53%
WALMART INC 1.46%
GOLDMAN SACHS GROUP INC 1.40%
AMGEN INC 1.38%
JOHNSON & JOHNSON 1.34%
ROYAL DUTCH SHELL-SPON ADR-A 1.23%
HOME DEPOT INC 1.20%
PFIZER INC 1.20%
ALPHABET INC-CL A 1.18%
VISA INC-CLASS A SHARES 1.09%
CONOCOPHILLIPS 1.07%
MORGAN STANLEY 1.07%
BERKSHIRE HATHAWAY INC-CL B 1.06%
CATERPILLAR INC 1.05%
COMCAST CORP-CLASS A 1.04%
AT&T INC 1.01%
INTEL CORP 0.96%
BAXTER INTERNATIONAL INC 0.94%
WALT DISNEY CO/THE 0.93%
BECTON DICKINSON AND CO 0.90%
PEPSICO INC 0.87%
GILEAD SCIENCES INC 0.82%
LAM RESEARCH CORP 0.81%
TEXAS INSTRUMENTS INC 0.79%
ANTHEM INC 0.74%
HUMANA INC 0.74%
APPLIED MATERIALS INC 0.73%
LOWES COMPANIES INC 0.73%
VALERO ENERGY CORP 0.73%
BEST BUY CO INC 0.72%
ORACLE CORP 0.72%
CAPITAL ONE FINANCIAL CORP 0.71%
MASTERCARD INC - A 0.70%
PULTEGROUP INC 0.70%
BIOGEN INC 0.69%
EXELON CORP 0.69%
FREEPORT-MCMORAN INC 0.69%
INDUSTRIAL SELECT SECT SPDR 0.69%
AMERIPRISE FINANCIAL INC 0.67%
TARGET CORP 0.65%
TOTAL SA-SPON ADR 0.65%
CF INDUSTRIES HOLDINGS INC 0.64%
UNITED RENTALS INC 0.64%
DOWDUPONT INC 0.63%
HCA HEALTHCARE INC 0.63%
LAS VEGAS SANDS CORP 0.62%
LEAR CORP 0.62%
ENTERGY CORP 0.61%
KROGER CO 0.61%
KKR & CO LP 0.60%
NORFOLK SOUTHERN CORP 0.60%
CVS HEALTH CORP 0.59%
EMERSON ELECTRIC CO 0.59%
INTL BUSINESS MACHINES CORP 0.59%
JAZZ PHARMACEUTICALS PLC 0.59%
LIVE NATION ENTERTAINMENT IN 0.59%
STATE STREET CORP 0.59%
GENERAL MOTORS CO 0.58%
HP INC 0.58%
NRG ENERGY INC 0.58%
ENTERPRISE PRODUCTS PARTNERS 0.57%
SOUTHWEST AIRLINES CO 0.57%
ADOBE SYSTEMS INC 0.56%
EASTERLY GOVERNMENT PROPERTI 0.55%
SUNCOR ENERGY INC 0.55%
MCKESSON CORP 0.54%
EXXON MOBIL CORP 0.53%
MARATHON OIL CORP 0.50%
SUNTRUST BANKS INC 0.50%
CBRE GROUP INC - A 0.49%
PENN NATIONAL GAMING INC 0.49%
ALCOA CORP 0.48%
FEDEX CORP 0.48%
DXC TECHNOLOGY CO 0.47%
CIGNA CORP 0.46%
FIRSTENERGY CORP 0.46%
WALGREENS BOOTS ALLIANCE INC 0.46%
DELL TECHNOLOGIES INC-CL V 0.44%
PROCTER & GAMBLE CO/THE 0.43%
ARMADA HOFFLER PROPERTIES IN 0.42%
COSTCO WHOLESALE CORP 0.42%
GAP INC/THE 0.41%
LINCOLN NATIONAL CORP 0.41%
PIRELLI & C SPA 0.41%
BOARDWALK PIPELINE PARTNERS 0.40%
AMERICAN INTERNATIONAL GROUP 0.39%
ASSURED GUARANTY LTD 0.39%
VERIZON COMMUNICATIONS INC 0.37%
HANESBRANDS INC 0.36%
DELIVERY HERO AG 0.35%
EASTERLY ACQUISITION CORP 0.35%
TPG PACE HOLDINGS CORP 0.35%
BANK OF NEW YORK MELLON CORP 0.34%
EBAY INC 0.34%
GENERAL DYNAMICS CORP 0.34%
HYATT HOTELS CORP - CL A 0.34%
CHILDREN'S PLACE INC/THE 0.33%
ENCANA CORP 0.33%
PRUDENTIAL FINANCIAL INC 0.31%
WYNDHAM HOTELS & RESORTS INC 0.31%
KENNEDY-WILSON HOLDINGS INC 0.30%
COCA-COLA CO/THE 0.29%
J2 ACQUISITION LTD 0.28%
KIMBERLY-CLARK CORP 0.28%
US XPRESS ENTERPRISES INC -A 0.28%
DELTA AIR LINES INC 0.27%
FEDERAL STREET ACQUISITION 0.25%
MOLSON COORS BREWING CO -B 0.24%
INVESCO LTD 0.23%
WYNDHAM DESTINATIONS INC 0.23%
LYONDELLBASELL INDU-CL A 0.22%
AIR CANADA 0.21%
DEVON ENERGY CORP 0.21%
MICHAELS COS INC/THE 0.21%
BECTON DICKINSON AND CO 06.1250 CUM CV PFD 0.20%
GRIFFON CORP 0.20%
ALIGNVEST ACQUISITION II C-A 0.19%
AMERICAN TOWER CORP 0.18%
CAPITOL INVESTMENT CORP IV 0.16%
GENERAL ELECTRIC CO 0.16%
PLAINS GP HOLDINGS LP-CL A 0.16%
EASTMAN CHEMICAL CO 0.15%
HAYMAKER ACQUISITION CORP 0.15%
RAYMOND JAMES FINANCIAL INC 0.15%
ENERGIZER HOLDINGS INC 0.14%
KIMBELL ROYALTY PARTNERS LP 0.14%
QUALCOMM INC 0.14%
TERADYNE INC 0.14%
US FOODS HOLDING CORP 0.14%
GORES HOLDINGS II INC 0.13%
MAGNA INTERNATIONAL INC 0.12%
WYNN RESORTS LTD 0.12%
NOMAD FOODS LTD 0.11%
DISCOVERY INC - A 0.10%
JABIL INC 0.10%
ORION ENGINEERED CARBONS SA 0.10%
PERRIGO CO PLC 0.10%
RADIAN GROUP INC 0.09%
YEXT INC 0.08%
BLOOMIN' BRANDS INC 0.07%
RED ROBIN GOURMET BURGERS 0.04%
EASTERLY ACQ CORP - CW20 0.02%
GLOBAL FASHION GRP P/P 0.02%
ALIGNVEST ACQUISITION - CW 0.01%
J2 ACQUISITION LTD-CW20 0.01%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEURONETICS INC 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 06/30/18

MICROSOFT CORP 4.73%
APPLE INC 4.12%
JPMORGAN CHASE & CO 2.93%
BANK OF AMERICA CORP 2.22%
CISCO SYSTEMS INC 1.89%
AMAZON.COM INC 1.79%
ALPHABET INC-CL C 1.73%
CITIGROUP INC 1.65%
FACEBOOK INC-A 1.59%
BOEING CO/THE 1.53%
WALMART INC 1.46%
GOLDMAN SACHS GROUP INC 1.40%
AMGEN INC 1.38%
JOHNSON & JOHNSON 1.34%
ROYAL DUTCH SHELL-SPON ADR-A 1.23%
HOME DEPOT INC 1.20%
PFIZER INC 1.20%
ALPHABET INC-CL A 1.18%
VISA INC-CLASS A SHARES 1.09%
CONOCOPHILLIPS 1.07%
MORGAN STANLEY 1.07%
BERKSHIRE HATHAWAY INC-CL B 1.06%
CATERPILLAR INC 1.05%
COMCAST CORP-CLASS A 1.04%
AT&T INC 1.01%
INTEL CORP 0.96%
BAXTER INTERNATIONAL INC 0.94%
WALT DISNEY CO/THE 0.93%
BECTON DICKINSON AND CO 0.90%
PEPSICO INC 0.87%
GILEAD SCIENCES INC 0.82%
LAM RESEARCH CORP 0.81%
TEXAS INSTRUMENTS INC 0.79%
ANTHEM INC 0.74%
HUMANA INC 0.74%
APPLIED MATERIALS INC 0.73%
LOWES COMPANIES INC 0.73%
VALERO ENERGY CORP 0.73%
BEST BUY CO INC 0.72%
ORACLE CORP 0.72%
CAPITAL ONE FINANCIAL CORP 0.71%
MASTERCARD INC - A 0.70%
PULTEGROUP INC 0.70%
BIOGEN INC 0.69%
EXELON CORP 0.69%
FREEPORT-MCMORAN INC 0.69%
INDUSTRIAL SELECT SECT SPDR 0.69%
AMERIPRISE FINANCIAL INC 0.67%
TARGET CORP 0.65%
TOTAL SA-SPON ADR 0.65%
CF INDUSTRIES HOLDINGS INC 0.64%
UNITED RENTALS INC 0.64%
DOWDUPONT INC 0.63%
HCA HEALTHCARE INC 0.63%
LAS VEGAS SANDS CORP 0.62%
LEAR CORP 0.62%
ENTERGY CORP 0.61%
KROGER CO 0.61%
KKR & CO LP 0.60%
NORFOLK SOUTHERN CORP 0.60%
CVS HEALTH CORP 0.59%
EMERSON ELECTRIC CO 0.59%
INTL BUSINESS MACHINES CORP 0.59%
JAZZ PHARMACEUTICALS PLC 0.59%
LIVE NATION ENTERTAINMENT IN 0.59%
STATE STREET CORP 0.59%
GENERAL MOTORS CO 0.58%
HP INC 0.58%
NRG ENERGY INC 0.58%
ENTERPRISE PRODUCTS PARTNERS 0.57%
SOUTHWEST AIRLINES CO 0.57%
ADOBE SYSTEMS INC 0.56%
EASTERLY GOVERNMENT PROPERTI 0.55%
SUNCOR ENERGY INC 0.55%
MCKESSON CORP 0.54%
EXXON MOBIL CORP 0.53%
MARATHON OIL CORP 0.50%
SUNTRUST BANKS INC 0.50%
CBRE GROUP INC - A 0.49%
PENN NATIONAL GAMING INC 0.49%
ALCOA CORP 0.48%
FEDEX CORP 0.48%
DXC TECHNOLOGY CO 0.47%
CIGNA CORP 0.46%
FIRSTENERGY CORP 0.46%
WALGREENS BOOTS ALLIANCE INC 0.46%
DELL TECHNOLOGIES INC-CL V 0.44%
PROCTER & GAMBLE CO/THE 0.43%
ARMADA HOFFLER PROPERTIES IN 0.42%
COSTCO WHOLESALE CORP 0.42%
GAP INC/THE 0.41%
LINCOLN NATIONAL CORP 0.41%
PIRELLI & C SPA 0.41%
BOARDWALK PIPELINE PARTNERS 0.40%
AMERICAN INTERNATIONAL GROUP 0.39%
ASSURED GUARANTY LTD 0.39%
VERIZON COMMUNICATIONS INC 0.37%
HANESBRANDS INC 0.36%
DELIVERY HERO AG 0.35%
EASTERLY ACQUISITION CORP 0.35%
TPG PACE HOLDINGS CORP 0.35%
BANK OF NEW YORK MELLON CORP 0.34%
EBAY INC 0.34%
GENERAL DYNAMICS CORP 0.34%
HYATT HOTELS CORP - CL A 0.34%
CHILDREN'S PLACE INC/THE 0.33%
ENCANA CORP 0.33%
PRUDENTIAL FINANCIAL INC 0.31%
WYNDHAM HOTELS & RESORTS INC 0.31%
KENNEDY-WILSON HOLDINGS INC 0.30%
COCA-COLA CO/THE 0.29%
J2 ACQUISITION LTD 0.28%
KIMBERLY-CLARK CORP 0.28%
US XPRESS ENTERPRISES INC -A 0.28%
DELTA AIR LINES INC 0.27%
FEDERAL STREET ACQUISITION 0.25%
MOLSON COORS BREWING CO -B 0.24%
INVESCO LTD 0.23%
WYNDHAM DESTINATIONS INC 0.23%
LYONDELLBASELL INDU-CL A 0.22%
AIR CANADA 0.21%
DEVON ENERGY CORP 0.21%
MICHAELS COS INC/THE 0.21%
BECTON DICKINSON AND CO 06.1250 CUM CV PFD 0.20%
GRIFFON CORP 0.20%
ALIGNVEST ACQUISITION II C-A 0.19%
AMERICAN TOWER CORP 0.18%
CAPITOL INVESTMENT CORP IV 0.16%
GENERAL ELECTRIC CO 0.16%
PLAINS GP HOLDINGS LP-CL A 0.16%
EASTMAN CHEMICAL CO 0.15%
HAYMAKER ACQUISITION CORP 0.15%
RAYMOND JAMES FINANCIAL INC 0.15%
ENERGIZER HOLDINGS INC 0.14%
KIMBELL ROYALTY PARTNERS LP 0.14%
QUALCOMM INC 0.14%
TERADYNE INC 0.14%
US FOODS HOLDING CORP 0.14%
GORES HOLDINGS II INC 0.13%
MAGNA INTERNATIONAL INC 0.12%
WYNN RESORTS LTD 0.12%
NOMAD FOODS LTD 0.11%
DISCOVERY INC - A 0.10%
JABIL INC 0.10%
ORION ENGINEERED CARBONS SA 0.10%
PERRIGO CO PLC 0.10%
RADIAN GROUP INC 0.09%
YEXT INC 0.08%
BLOOMIN' BRANDS INC 0.07%
CANADIAN DOLLAR ACCOUNT 0.06%
RED ROBIN GOURMET BURGERS 0.04%
EASTERLY ACQ CORP - CW20 0.02%
GLOBAL FASHION GRP P/P 0.02%
ALIGNVEST ACQUISITION - CW 0.01%
J2 ACQUISITION LTD-CW20 0.01%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEURONETICS INC 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 -0.10%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Microsoft Corp 5.25%
2: Apple 4.67%
3: JPMorgan Chase 2.91%
4: Alphabet 2.71%
5: Bank Of America Corp 2.25%
6: Amazon.Com 2.05%
7: Cisco Systems 1.92%
8: Citigroup 1.71%
9: Amgen 1.50%
10: Pfizer 1.42%
Holdings represent 26.39% of portfolio
Top 10 holdings as of 08/31/18
1: Apple 4.68%
2: Alphabet 3.01%
3: JPMorgan Chase 2.93%
4: Bank Of America Corp 2.35%
5: Amazon 2.04%
6: Cisco Systems 1.87%
7: Citigroup 1.69%
8: Boeing 1.51%
9: Goldman Sachs Group The 1.45%
10: Amgen 1.44%
Holdings represent 22.97% of portfolio
Top 10 holdings as of 07/31/18
1: Microsoft Corp 4.88%
2: Apple 3.94%
3: JPMorgan Chase 3.13%
4: Alphabet 3.07%
5: Bank of America 2.36%
6: Amazon 1.82%
7: Cisco Systems 1.80%
8: Citigroup 1.71%
9: Boeing 1.58%
10: Walmart 1.47%
Holdings represent 25.76% of portfolio
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 2.20%
6: Cisco Systems 2.01%
7: Amazon 1.92%
8: Facebook 1.79%
9: Citigroup 1.65%
10: Boeing 1.61%
Holdings represent 26.79% of portfolio

Portfolio Composition as of 09/30/18

Common stock 98.81%
Cash and net other assets 0.98%
Convertible preferred stock 0.21%

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 09/30/18

Information technology 20.63%
Financials 17.60%
Health care 13.15%
Consumer discretionary 11.99%
Industrials 7.98%
Communication services 7.98%
Energy 6.74%
Consumer staples 5.29%
Materials 2.93%
 
Other
5.71%
Utilities 2.66%
Real estate 2.07%
Cash and net other assets 0.98%