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 05/31/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 17% 22/131
1 yr. 16% 27/178
3 yrs. 37% 64/173
5 yrs. 28% 45/165

Risk Characteristics as of 05/31/18

Alpha (%) -1.75
Beta 1.06
R squared 0.96
Standard deviation (3 yrs.) 10.95

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 05/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 140
Turnover (fiscal year end) 51%
Net Assets $274M
Inception Date 05/01/98

Holdings

Top 10 holdings as of 05/31/18

Microsoft Corp 4.99%
Apple 4.50%
JPMorgan Chase 3.17%
Alphabet 2.89%
Bank Of America Corp 2.25%
Cisco Systems 1.98%
Amazon.Com 1.83%
Facebook 1.75%
Boeing The 1.67%
Citigroup 1.63%
Top 10 holdings, total: 26.66%

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 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
Top 10 holdings as of 02/28/18
1: Microsoft Corp 4.63%
2: Apple 4.19%
3: JPMorgan Chase 3.34%
4: Alphabet 2.86%
5: Bank Of America Corp 2.43%
6: Cisco Systems 2.03%
7: Citigroup 1.80%
8: Amazon.Com 1.65%
9: Goldman Sachs Group The 1.65%
10: Boeing The 1.63%
Holdings represent 26.21% of portfolio

Portfolio Composition as of 05/31/18

Common stock 97.56%
Cash and net other assets 2.25%
Convertible preferred stock 0.19%

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 05/31/18

Information technology 25.98%
Financials 17.38%
Consumer discretionary 13.53%
Health care 11.64%
Industrials 8.19%
Energy 7.46%
Consumer staples 4.96%
Materials 2.92%
Utilities 2.26%
 
Other
5.68%
Cash and net other assets 2.24%
Real estate 1.95%
Telecommunication services 1.49%