Putnam Hartford Capital Manager

George Putnam Balanced Fund Subaccount

The subaccount seeks to provide a balanced investment composed of a well diversified portfolio of stocks and bonds which produce both capital growth and current income.

  • Highlights
  • Holdings

Fund description

The subaccount seeks its dual objectives of capital growth and current income by investing in a combination of value stocks and fixed-income securities. The equity portion targets stocks of large companies that are currently undervalued and undergoing positive changes. The fixed-income portion includes government, corporate, and mortgage-backed securities. The subaccount typically has a 60%-70% allocation to stocks and a 30%-40% position in bonds.

Sales story

A prudent balance of stocks and bonds A balanced approach: The fund seeks conservative growth plus income through a mix of roughly 60% stocks and 40% bonds.Seeking reduced volatility: The fund's focus on undervalued stocks and primarily high-quality bonds is designed to reduce volatility for conservative and income-oriented investors.A rigorous process: The fund's experienced portfolio managers use rigorous fundamental investment research to find opportunities and manage risk.

Management team

Lipper ranking ‡ as of 07/31/17


  Percentile ranking Rank/Funds in category
10 yrs. 96% 109/113
1 yr. 16% 24/151
3 yrs. 15% 21/144
5 yrs. 16% 21/136

Risk characteristics as of 07/31/17

Avg. Eff. Maturity 9.22
Avg. Price --
Avg. Eff. Duration 5.98
Avg. Coupon --
Avg. Yield to Maturity --
Alpha (%) -0.33
Beta 0.68
R squared 0.95
Standard deviation (3 yrs.) 7.06

Maturity details

0 to 1 yr. 2.04%
1 to 5 yrs. 33.55%
5 to 10 yrs. 43.85%
10 to 15 yrs. 3.10%
Over 15 yrs. 17.46%

Quality ratings

AAA 56.76%
AA 1.75%
A 12.15%
BBB 25.13%
BB 2.29%
CCC and Below 0.04%
Not Rated 1.88%

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 use of derivatives involves additional risks, such as the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.

‡ 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.