Putnam Hartford Capital Manager

Putnam Research Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in stocks representing the best ideas of Putnam's global equity research analysts. The portfolio typically consists of large, U.S. companies believed to be worth more than their current stock prices indicate. The fund is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.

Sales story

Seeking to capitalize on the expertise of Putnam's research teamA best-ideas fund: The fund represents the stock selections of Putnam's Global Equity Research Group, whose analysts cover more than 1,000 companies.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.A rigorous process: The fund's experienced managers use rigorous fundamental investment research to oversee the portfolio and manage risk.

Management team

Lipper ranking ‡ as of 10/31/17

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 20% 25/128
1 yr. 11% 19/186
3 yrs. 39% 70/179
5 yrs. 17% 28/165

Risk Characteristics as of 10/31/17

Alpha (%) -1.23
Beta 1.04
R squared 0.96
Standard deviation (3 yrs.) 10.49

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 10/31/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 169
Turnover (fiscal year end) 80%
Net Assets $50M
Inception Date 10/01/98

Holdings

Top 10 holdings as of 10/31/17

Apple 3.42%
Microsoft Corp 3.21%
Alphabet 3.10%
Amazon.Com 2.41%
Bank Of America Corp 2.17%
Facebook 2.08%
Home Depot The 1.80%
Johnson Johnson 1.79%
Citigroup 1.63%
Kraft Heinz The 1.22%
Top 10 holdings, total: 22.83%

Equity Holdings as of 09/30/17

APPLE INC 3.16%
ALPHABET INC-CL A 2.96%
MICROSOFT CORP 2.92%
AMAZON.COM INC 2.13%
BANK OF AMERICA CORP 2.04%
FACEBOOK INC-A 2.01%
HOME DEPOT INC 1.80%
JOHNSON & JOHNSON 1.70%
CITIGROUP INC 1.63%
COMCAST CORP-CLASS A 1.20%
KRAFT HEINZ CO/THE 1.18%
PEPSICO INC 1.15%
VISA INC-CLASS A SHARES 1.13%
JPMORGAN CHASE & CO 1.10%
UNITEDHEALTH GROUP INC 1.04%
BROADCOM LTD 1.02%
DOWDUPONT INC 1.01%
RAYTHEON COMPANY 1.01%
BECTON DICKINSON AND CO 1.00%
CHUBB LTD 0.98%
DANAHER CORP 0.95%
AMGEN INC 0.92%
AT&T INC 0.92%
PHILIP MORRIS INTERNATIONAL 0.91%
CHARTER COMMUNICATIONS INC-A 0.87%
GOLDMAN SACHS GROUP INC 0.86%
GILEAD SCIENCES INC 0.85%
TEXAS INSTRUMENTS INC 0.84%
ACTIVISION BLIZZARD INC 0.83%
JAZZ PHARMACEUTICALS PLC 0.80%
MCCORMICK & CO-NON VTG SHRS 0.80%
SHERWIN-WILLIAMS CO/THE 0.79%
CATERPILLAR INC 0.78%
NCSOFT CORP 0.77%
CONSTELLATION BRANDS INC-A 0.74%
BLACKROCK INC 0.73%
NORTHROP GRUMMAN CORP 0.73%
QORVO INC 0.72%
APPLIED MATERIALS INC 0.71%
PRICELINE GROUP INC/THE 0.71%
BOSTON SCIENTIFIC CORP 0.70%
BIOGEN INC 0.69%
CELGENE CORP 0.69%
FORTIVE CORP 0.69%
CAVIUM INC 0.68%
JOHNSON CONTROLS INTERNATION 0.68%
AMERICAN INTERNATIONAL GROUP 0.67%
DXC TECHNOLOGY CO 0.67%
NORFOLK SOUTHERN CORP 0.67%
CONOCOPHILLIPS 0.66%
PRUDENTIAL PLC 0.66%
MONDELEZ INTERNATIONAL INC-A 0.64%
DENTSPLY SIRONA INC 0.63%
HILTON WORLDWIDE HOLDINGS IN 0.63%
ALIBABA GROUP HOLDING-SP ADR 0.62%
COSTCO WHOLESALE CORP 0.62%
ASSURED GUARANTY LTD 0.61%
INVESCO LTD 0.61%
MASTERCARD INC - A 0.61%
ORACLE CORP 0.59%
CUMMINS INC 0.58%
ADOBE SYSTEMS INC 0.57%
EOG RESOURCES INC 0.57%
PIONEER NAT RES CO 0.57%
VERTEX PHARMACEUTICALS INC 0.57%
DOVER CORP 0.55%
INTERCONTINENTAL EXCHANGE IN 0.55%
MERCK & CO. INC. 0.55%
REALPAGE INC 0.55%
ROCKWELL AUTOMATION INC 0.55%
TOTAL SA 0.55%
L3 TECHNOLOGIES INC 0.54%
NEXTERA ENERGY INC 0.53%
TJX COMPANIES INC 0.53%
W.R. GRACE & CO 0.52%
AMERICAN AIRLINES GROUP INC 0.51%
AMERICAN TOWER CORP 0.50%
KION GROUP AG 0.50%
KKR & CO LP 0.49%
SUNCOR ENERGY INC 0.48%
WYNN RESORTS LTD 0.48%
EXPEDIA INC 0.46%
INTUITIVE SURGICAL INC 0.46%
TENCENT HOLDINGS LTD 0.46%
BLUE BUFFALO PET PRODUCTS IN 0.45%
HALLIBURTON CO 0.45%
FORTUNE BRANDS HOME & SECURI 0.44%
AMERICAN ELECTRIC POWER 0.43%
KROGER CO 0.43%
PINNACLE FOODS INC 0.43%
LIVE NATION ENTERTAINMENT IN 0.42%
MICRO FOCUS INTL-SPN ADR 0.42%
WAL-MART STORES INC 0.42%
ALCOA CORP 0.41%
EXELON CORP 0.41%
YUM CHINA HOLDINGS INC 0.41%
AETNA INC 0.40%
ALBEMARLE CORP 0.40%
INVESTMENT TECHNOLOGY GROUP 0.40%
P G & E CORP 0.40%
CENOVUS ENERGY INC 0.39%
KOMATSU LTD 0.39%
SOUTHERN CO/THE 0.39%
WASTE CONNECTIONS INC 0.39%
CVS HEALTH CORP 0.38%
FIDELITY NATIONAL INFO SERV 0.38%
HAMILTON LANE INC-CLASS A 0.38%
SIEMENS AG 0.38%
AGILENT TECHNOLOGIES INC 0.37%
CF INDUSTRIES HOLDINGS INC 0.37%
GAMING AND LEISURE PROPERTIE 0.37%
O'REILLY AUTOMOTIVE INC 0.36%
MOLSON COORS BREWING CO -B 0.35%
E*TRADE FINANCIAL CORPORATION 0.33%
PFIZER INC 0.33%
RESTAURANT BRANDS INTERN 0.33%
HANESBRANDS INC 0.32%
METLIFE INC 0.32%
NIKE INC -CL B 0.32%
SCHWAB (CHARLES) CORP 0.32%
ANADARKO PETROLEUM CORP 0.31%
EXXON MOBIL CORP 0.31%
MCKESSON CORP 0.31%
CHENIERE ENERGY INC 0.30%
REGENERON PHARMACEUTICALS 0.30%
MBIA INC 0.28%
NRG ENERGY INC 0.28%
NXP SEMICONDUCTORS NV 0.28%
VERIZON COMMUNICATIONS INC 0.28%
WALT DISNEY CO/THE 0.28%
AMEREN CORPORATION 0.27%
BIOVERATIV INC 0.27%
ROPER TECHNOLOGIES INC 0.26%
NOBLE ENERGY INC 0.25%
DISH NETWORK CORP-A 0.24%
SELECT ENERGY SERVICES INC-A 0.24%
SYNCHRONY FINANCIAL 0.24%
CLOVIS ONCOLOGY INC 0.23%
EDGEWELL PERSONAL CARE CO 0.23%
EDISON INTERNATIONAL 0.23%
EVERBRIDGE INC 0.23%
EQT CORP 0.22%
GODADDY INC - CLASS A 0.22%
SALESFORCE.COM INC 0.22%
AMERICAN WATER WORKS CO INC 0.20%
ENI SPA 0.20%
IHS MARKIT LTD 0.20%
INSTRUCTURE INC 0.20%
ILUKA RESOURCES LTD 0.19%
LIMITED BRANDS INC 0.19%
BRISTOL-MYERS SQUIBB CO 0.17%
CHIPOTLE MEXICAN GRILL INC 0.16%
ENCANA CORP 0.16%
TOTAL SYSTEM SERVICES INC 0.16%
SEVEN GENERATIONS ENERGY - A 0.15%
EVONIK INDUSTRIES AG 0.14%
SEALED AIR CORP 0.13%
T-MOBILE US INC 0.13%
MARATHON OIL CORP 0.11%
PLAINS ALL AMER PIPELINE LP 0.11%
CALYXT INC 0.10%
DELIVERY HERO HOLDIN P/P 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.07%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 09/30/17

APPLE INC 3.16%
ALPHABET INC-CL A 2.96%
MICROSOFT CORP 2.92%
AMAZON.COM INC 2.13%
BANK OF AMERICA CORP 2.04%
FACEBOOK INC-A 2.01%
HOME DEPOT INC 1.80%
JOHNSON & JOHNSON 1.70%
CITIGROUP INC 1.63%
COMCAST CORP-CLASS A 1.20%
KRAFT HEINZ CO/THE 1.18%
PEPSICO INC 1.15%
VISA INC-CLASS A SHARES 1.13%
JPMORGAN CHASE & CO 1.10%
UNITEDHEALTH GROUP INC 1.04%
BROADCOM LTD 1.02%
DOWDUPONT INC 1.01%
RAYTHEON COMPANY 1.01%
BECTON DICKINSON AND CO 1.00%
CHUBB LTD 0.98%
DANAHER CORP 0.95%
AMGEN INC 0.92%
AT&T INC 0.92%
PHILIP MORRIS INTERNATIONAL 0.91%
SPDR S&P REGIONAL BANKING 0.91%
CHARTER COMMUNICATIONS INC-A 0.87%
GOLDMAN SACHS GROUP INC 0.86%
GILEAD SCIENCES INC 0.85%
TEXAS INSTRUMENTS INC 0.84%
ACTIVISION BLIZZARD INC 0.83%
JAZZ PHARMACEUTICALS PLC 0.80%
MCCORMICK & CO-NON VTG SHRS 0.80%
SHERWIN-WILLIAMS CO/THE 0.79%
CATERPILLAR INC 0.78%
NCSOFT CORP 0.77%
CONSTELLATION BRANDS INC-A 0.74%
BLACKROCK INC 0.73%
NORTHROP GRUMMAN CORP 0.73%
QORVO INC 0.72%
APPLIED MATERIALS INC 0.71%
PRICELINE GROUP INC/THE 0.71%
BOSTON SCIENTIFIC CORP 0.70%
BIOGEN INC 0.69%
CELGENE CORP 0.69%
FORTIVE CORP 0.69%
CAVIUM INC 0.68%
JOHNSON CONTROLS INTERNATION 0.68%
AMERICAN INTERNATIONAL GROUP 0.67%
DXC TECHNOLOGY CO 0.67%
NORFOLK SOUTHERN CORP 0.67%
CONOCOPHILLIPS 0.66%
PRUDENTIAL PLC 0.66%
MONDELEZ INTERNATIONAL INC-A 0.64%
DENTSPLY SIRONA INC 0.63%
HILTON WORLDWIDE HOLDINGS IN 0.63%
ALIBABA GROUP HOLDING-SP ADR 0.62%
COSTCO WHOLESALE CORP 0.62%
ASSURED GUARANTY LTD 0.61%
INVESCO LTD 0.61%
MASTERCARD INC - A 0.61%
ORACLE CORP 0.59%
CUMMINS INC 0.58%
ADOBE SYSTEMS INC 0.57%
EOG RESOURCES INC 0.57%
PIONEER NAT RES CO 0.57%
VERTEX PHARMACEUTICALS INC 0.57%
DOVER CORP 0.55%
INTERCONTINENTAL EXCHANGE IN 0.55%
MERCK & CO. INC. 0.55%
REALPAGE INC 0.55%
ROCKWELL AUTOMATION INC 0.55%
TOTAL SA 0.55%
L3 TECHNOLOGIES INC 0.54%
NEXTERA ENERGY INC 0.53%
TJX COMPANIES INC 0.53%
W.R. GRACE & CO 0.52%
AMERICAN AIRLINES GROUP INC 0.51%
AMERICAN TOWER CORP 0.50%
KION GROUP AG 0.50%
KKR & CO LP 0.49%
SUNCOR ENERGY INC 0.48%
WYNN RESORTS LTD 0.48%
EXPEDIA INC 0.46%
INTUITIVE SURGICAL INC 0.46%
TENCENT HOLDINGS LTD 0.46%
BLUE BUFFALO PET PRODUCTS IN 0.45%
HALLIBURTON CO 0.45%
FORTUNE BRANDS HOME & SECURI 0.44%
AMERICAN ELECTRIC POWER 0.43%
KROGER CO 0.43%
PINNACLE FOODS INC 0.43%
LIVE NATION ENTERTAINMENT IN 0.42%
MICRO FOCUS INTL-SPN ADR 0.42%
WAL-MART STORES INC 0.42%
ALCOA CORP 0.41%
EXELON CORP 0.41%
YUM CHINA HOLDINGS INC 0.41%
AETNA INC 0.40%
ALBEMARLE CORP 0.40%
INVESTMENT TECHNOLOGY GROUP 0.40%
P G & E CORP 0.40%
CENOVUS ENERGY INC 0.39%
KOMATSU LTD 0.39%
SOUTHERN CO/THE 0.39%
WASTE CONNECTIONS INC 0.39%
CVS HEALTH CORP 0.38%
FIDELITY NATIONAL INFO SERV 0.38%
HAMILTON LANE INC-CLASS A 0.38%
SIEMENS AG 0.38%
AGILENT TECHNOLOGIES INC 0.37%
CF INDUSTRIES HOLDINGS INC 0.37%
GAMING AND LEISURE PROPERTIE 0.37%
O'REILLY AUTOMOTIVE INC 0.36%
MOLSON COORS BREWING CO -B 0.35%
E*TRADE FINANCIAL CORPORATION 0.33%
PFIZER INC 0.33%
RESTAURANT BRANDS INTERN 0.33%
HANESBRANDS INC 0.32%
METLIFE INC 0.32%
NIKE INC -CL B 0.32%
SCHWAB (CHARLES) CORP 0.32%
ANADARKO PETROLEUM CORP 0.31%
EXXON MOBIL CORP 0.31%
MCKESSON CORP 0.31%
CHENIERE ENERGY INC 0.30%
REGENERON PHARMACEUTICALS 0.30%
MBIA INC 0.28%
NRG ENERGY INC 0.28%
NXP SEMICONDUCTORS NV 0.28%
VERIZON COMMUNICATIONS INC 0.28%
WALT DISNEY CO/THE 0.28%
AMEREN CORPORATION 0.27%
BIOVERATIV INC 0.27%
ROPER TECHNOLOGIES INC 0.26%
NOBLE ENERGY INC 0.25%
DISH NETWORK CORP-A 0.24%
SELECT ENERGY SERVICES INC-A 0.24%
SYNCHRONY FINANCIAL 0.24%
CLOVIS ONCOLOGY INC 0.23%
EDGEWELL PERSONAL CARE CO 0.23%
EDISON INTERNATIONAL 0.23%
EVERBRIDGE INC 0.23%
EQT CORP 0.22%
GODADDY INC - CLASS A 0.22%
SALESFORCE.COM INC 0.22%
AMERICAN WATER WORKS CO INC 0.20%
ENI SPA 0.20%
IHS MARKIT LTD 0.20%
INSTRUCTURE INC 0.20%
ILUKA RESOURCES LTD 0.19%
LIMITED BRANDS INC 0.19%
BRISTOL-MYERS SQUIBB CO 0.17%
CHIPOTLE MEXICAN GRILL INC 0.16%
ENCANA CORP 0.16%
TOTAL SYSTEM SERVICES INC 0.16%
SEVEN GENERATIONS ENERGY - A 0.15%
EVONIK INDUSTRIES AG 0.14%
SEALED AIR CORP 0.13%
T-MOBILE US INC 0.13%
MARATHON OIL CORP 0.11%
PLAINS ALL AMER PIPELINE LP 0.11%
CALYXT INC 0.10%
DELIVERY HERO HOLDIN P/P 0.09%
OPORTUN FIN CORP P/P SERIES H PFD 0.07%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
GE 20171215 C 26.00BCBP 0.01%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
S&P500 EMINI FUT DEC17 ESZ7 0.01%
CAD/USD 10/18/2017 BANKAM 0.00%
CAD/USD 10/18/2017 JPMCB 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
EUR/USD 12/20/2017 GSFX 0.00%
EUR/USD 12/20/2017 HSBCB 0.00%
GBP/USD 12/20/2017 BANKAM 0.00%
GBP/USD 12/20/2017 SSBT 0.00%
GE 20171215 C 27.00BANKAM 0.00%
ILS/USD 10/18/2017 SSBT 0.00%
JPY/USD 11/15/2017 GSFX 0.00%
NOK/USD 12/20/2017 JPMCB 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
GBP/USD 12/20/2017 JPMCB -0.01%
EUR/USD 12/20/2017 CITI -0.02%
RU20INTR P USL1M R 12/15/20 GS -0.09%

Prior top 10 holdings

Top 10 holdings as of 10/31/17
1: Apple 3.42%
2: Microsoft Corp 3.21%
3: Alphabet 3.10%
4: Amazon.Com 2.41%
5: Bank Of America Corp 2.17%
6: Facebook 2.08%
7: Home Depot The 1.80%
8: Johnson Johnson 1.79%
9: Citigroup 1.63%
10: Kraft Heinz The 1.22%
Holdings represent 22.83% of portfolio
Top 10 holdings as of 09/30/17
1: Apple 3.16%
2: Alphabet 2.96%
3: Microsoft Corp 2.92%
4: Amazon.Com 2.13%
5: Bank Of America Corp 2.04%
6: Facebook 2.01%
7: Home Depot The 1.80%
8: Johnson & Johnson 1.70%
9: Citigroup 1.63%
10: Comcast Corp 1.20%
Holdings represent 21.55% of portfolio
Top 10 holdings as of 08/31/17
1: Apple 3.50%
2: Alphabet 3.12%
3: Microsoft Corp 3.08%
4: Amazon.Com 2.35%
5: Facebook 2.15%
6: Bank Of America Corp 1.85%
7: Johnson Johnson 1.76%
8: Home Depot The 1.73%
9: Citigroup 1.41%
10: Pepsico 1.37%
Holdings represent 22.32% of portfolio
Top 10 holdings as of 07/31/17
1: Apple 3.51%
2: Alphabet 3.07%
3: Microsoft Corp 2.97%
4: Amazon.Com 2.35%
5: Facebook 2.10%
6: Bank Of America Corp 1.79%
7: Johnson Johnson 1.76%
8: Home Depot The 1.58%
9: Pepsico 1.30%
10: Comcast Corp 1.27%
Holdings represent 21.70% of portfolio

Portfolio Composition as of 10/31/17

Common stock 98.76%
Cash and net other assets 1.06%
Convertible preferred stock 0.18%

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 10/31/17

Information technology 26.17%
Financials 14.41%
Health care 13.44%
Consumer discretionary 11.42%
Industrials 9.74%
Consumer staples 8.17%
Energy 5.63%
Materials 4.45%
Utilities 3.16%
 
Other
3.41%
Telecommunication services 1.27%
Real estate 1.08%
Cash and net other assets 1.06%