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 06/30/18

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 14% 17/129
1 yr. 29% 50/176
3 yrs. 44% 74/171
5 yrs. 22% 36/163

Risk Characteristics as of 06/30/18

Alpha (%) -1.70
Beta 1.03
R squared 0.96
Standard deviation (3 yrs.) 10.51

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 146
Turnover (fiscal year end) 94%
Net Assets $48M
Inception Date 10/01/98

Holdings

Top 10 holdings as of 06/30/18

Microsoft Corp 3.19%
Alphabet 3.07%
Amazon.Com 3.04%
Apple 3.02%
Bank Of America Corp 2.53%
Facebook 2.23%
Visa 1.85%
Home Depot The 1.75%
Citigroup 1.74%
Coca-Cola The 1.53%
Top 10 holdings, total: 23.95%

Equity Holdings as of 03/31/18

MICROSOFT CORP 3.52%
APPLE INC 3.34%
AMAZON.COM INC 2.95%
ALPHABET INC-CL A 2.90%
BANK OF AMERICA CORP 2.44%
FACEBOOK INC-A 1.73%
HOME DEPOT INC 1.62%
UNITEDHEALTH GROUP INC 1.60%
CITIGROUP INC 1.33%
JPMORGAN CHASE & CO 1.27%
BOOKING HOLDINGS INC 1.23%
VISA INC-CLASS A SHARES 1.18%
PEPSICO INC 1.16%
E*TRADE FINANCIAL CORPORATION 1.15%
GOLDMAN SACHS GROUP INC 1.15%
RAYTHEON COMPANY 1.12%
BECTON DICKINSON AND CO 1.09%
PRUDENTIAL PLC 1.07%
EXXON MOBIL CORP 1.04%
DANAHER CORP 0.98%
PROCTER & GAMBLE CO/THE 0.98%
BLACKROCK INC 0.96%
EMERSON ELECTRIC CO 0.96%
JOHNSON & JOHNSON 0.96%
ACTIVISION BLIZZARD INC 0.95%
CATERPILLAR INC 0.95%
HONEYWELL INTERNATIONAL INC 0.95%
CENOVUS ENERGY INC 0.94%
AMERICAN INTERNATIONAL GROUP 0.90%
BOEING CO/THE 0.90%
FORTIVE CORP 0.90%
SUNTRUST BANKS INC 0.83%
AMERICAN TOWER CORP 0.82%
NCSOFT CORP 0.82%
ASSURED GUARANTY LTD 0.79%
CHARTER COMMUNICATIONS INC-A 0.79%
DOWDUPONT INC 0.79%
ROPER TECHNOLOGIES INC 0.79%
AT&T INC 0.78%
KRAFT HEINZ CO/THE 0.77%
MERCK & CO. INC. 0.76%
QUALCOMM INC 0.76%
SHERWIN-WILLIAMS CO/THE 0.75%
TEXAS INSTRUMENTS INC 0.75%
ON SEMICONDUCTOR CORP 0.74%
BOSTON SCIENTIFIC CORP 0.73%
GILEAD SCIENCES INC 0.73%
CONOCOPHILLIPS 0.72%
DXC TECHNOLOGY CO 0.72%
ORBOTECH LTD 0.72%
ADOBE SYSTEMS INC 0.71%
BROADCOM LTD 0.71%
CHUBB LTD 0.71%
BRISTOL-MYERS SQUIBB CO 0.69%
MASTERCARD INC - A 0.69%
KKR & CO LP 0.68%
REALPAGE INC 0.68%
VERTEX PHARMACEUTICALS INC 0.67%
APPLIED MATERIALS INC 0.65%
COSTCO WHOLESALE CORP 0.65%
COMCAST CORP-CLASS A 0.64%
MCCORMICK & CO-NON VTG SHRS 0.64%
JAZZ PHARMACEUTICALS PLC 0.62%
PFIZER INC 0.62%
TOTAL SA 0.61%
ALIBABA GROUP HOLDING-SP ADR 0.60%
MOLSON COORS BREWING CO -B 0.60%
NORTHROP GRUMMAN CORP 0.60%
VERIZON COMMUNICATIONS INC 0.60%
AMGEN INC 0.58%
DENTSPLY SIRONA INC 0.55%
HILTON WORLDWIDE HOLDINGS IN 0.54%
NORFOLK SOUTHERN CORP 0.54%
WYNN RESORTS LTD 0.54%
TENCENT HOLDINGS LTD 0.53%
DR PEPPER SNAPPLE GROUP INC 0.51%
TJX COMPANIES INC 0.51%
INTERCONTINENTAL EXCHANGE IN 0.50%
KION GROUP AG 0.50%
NEXTERA ENERGY INC 0.49%
WALMART INC 0.49%
GAMING AND LEISURE PROPERTIE 0.48%
KROGER CO 0.47%
FORTUNE BRANDS HOME & SECURI 0.46%
DOVER CORP 0.45%
INVESCO LTD 0.45%
PIONEER NAT RES CO 0.45%
ORACLE CORP 0.44%
BAXTER INTERNATIONAL INC 0.43%
WALGREENS BOOTS ALLIANCE INC 0.43%
INTUITIVE SURGICAL INC 0.42%
KIMBERLY-CLARK CORP 0.42%
AMERICAN ELECTRIC POWER 0.41%
CHIPOTLE MEXICAN GRILL INC 0.41%
ANADARKO PETROLEUM CORP 0.40%
NXP SEMICONDUCTORS NV 0.39%
YUM CHINA HOLDINGS INC 0.39%
INVESTMENT TECHNOLOGY GROUP 0.38%
WASTE CONNECTIONS INC 0.38%
SUNCOR ENERGY INC 0.37%
ALEXION PHARMACEUTICALS INC 0.36%
FIDELITY NATIONAL INFO SERV 0.36%
EXELON CORP 0.35%
LIVE NATION ENTERTAINMENT IN 0.35%
O'REILLY AUTOMOTIVE INC 0.35%
SALESFORCE.COM INC 0.35%
KINDER MORGAN INC 0.34%
SUMMIT MATERIALS INC -CL A 0.34%
ABBVIE INC 0.32%
EOG RESOURCES INC 0.32%
CHURCH & DWIGHT CO INC 0.31%
EVERBRIDGE INC 0.31%
PAYPAL HOLDINGS INC 0.30%
GODADDY INC - CLASS A 0.29%
INSTRUCTURE INC 0.29%
NIKE INC -CL B 0.29%
BIOGEN INC 0.28%
ENI SPA 0.28%
SEVEN GENERATIONS ENERGY - A 0.28%
ADVANCE AUTO PARTS 0.27%
DEERE & CO 0.27%
L3 TECHNOLOGIES INC 0.27%
NOBLE ENERGY INC 0.27%
RESTAURANT BRANDS INTERN 0.27%
PINNACLE FOODS INC 0.26%
ILUKA RESOURCES LTD 0.25%
BURLINGTON STORES INC 0.24%
METTLER-TOLEDO INTERNATIONAL 0.24%
MONSTER BEVERAGE CORP 0.24%
NRG ENERGY INC 0.23%
BALL CORP 0.22%
CONSTELLATION BRANDS INC-A 0.21%
DOMINION ENERGY INC 0.21%
CAIRN ENERGY PLC 0.20%
TOTAL SYSTEM SERVICES INC 0.20%
ROCKWELL AUTOMATION INC 0.19%
HCA HEALTHCARE INC 0.18%
PEARLABYSS CORP 0.18%
WALT DISNEY CO/THE 0.18%
ALCOA CORP 0.17%
DISH NETWORK CORP-A 0.17%
XCEL ENERGY INC 0.16%
AMEREN CORPORATION 0.15%
EDISON INTERNATIONAL 0.15%
MONSANTO CO 0.14%
NEKTAR THERAPEUTICS 0.13%
P G & E CORP 0.12%
DUKE ENERGY CORP 0.11%
W.R. GRACE & CO 0.11%
CMS ENERGY CORP 0.10%
DELIVERY HERO AG 0.10%
ELI LILLY & CO 0.10%
FIRSTENERGY CORP 0.10%
SMITH (A.O.) CORP 0.09%
SOGOU INC-ADR 0.08%
ECOLAB INC 0.07%
FMC CORP 0.07%
SOUTHERN CO/THE 0.07%
INCYTE CORP 0.06%
MCKESSON CORP 0.06%
ONEOK INC 0.06%
OPORTUN FIN CORP P/P SERIES H PFD 0.06%
PPG INDUSTRIES INC 0.05%
WILLIAMS COS INC 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
ARCHER-DANIELS-MIDLAND CO 0.03%
OPORTUN FIN F-1 PFD CV P/P 0.03%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
CF INDUSTRIES HOLDINGS INC 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 03/31/18

MICROSOFT CORP 3.52%
APPLE INC 3.34%
AMAZON.COM INC 2.95%
ALPHABET INC-CL A 2.90%
BANK OF AMERICA CORP 2.44%
FACEBOOK INC-A 1.73%
HOME DEPOT INC 1.62%
UNITEDHEALTH GROUP INC 1.60%
CITIGROUP INC 1.33%
JPMORGAN CHASE & CO 1.27%
BOOKING HOLDINGS INC 1.23%
VISA INC-CLASS A SHARES 1.18%
PEPSICO INC 1.16%
E*TRADE FINANCIAL CORPORATION 1.15%
GOLDMAN SACHS GROUP INC 1.15%
RAYTHEON COMPANY 1.12%
BECTON DICKINSON AND CO 1.09%
PRUDENTIAL PLC 1.07%
EXXON MOBIL CORP 1.04%
DANAHER CORP 0.98%
PROCTER & GAMBLE CO/THE 0.98%
BLACKROCK INC 0.96%
EMERSON ELECTRIC CO 0.96%
JOHNSON & JOHNSON 0.96%
ACTIVISION BLIZZARD INC 0.95%
CATERPILLAR INC 0.95%
HONEYWELL INTERNATIONAL INC 0.95%
CENOVUS ENERGY INC 0.94%
AMERICAN INTERNATIONAL GROUP 0.90%
BOEING CO/THE 0.90%
FORTIVE CORP 0.90%
SUNTRUST BANKS INC 0.83%
AMERICAN TOWER CORP 0.82%
NCSOFT CORP 0.82%
ASSURED GUARANTY LTD 0.79%
CHARTER COMMUNICATIONS INC-A 0.79%
DOWDUPONT INC 0.79%
ROPER TECHNOLOGIES INC 0.79%
AT&T INC 0.78%
KRAFT HEINZ CO/THE 0.77%
MERCK & CO. INC. 0.76%
QUALCOMM INC 0.76%
SHERWIN-WILLIAMS CO/THE 0.75%
TEXAS INSTRUMENTS INC 0.75%
ON SEMICONDUCTOR CORP 0.74%
BOSTON SCIENTIFIC CORP 0.73%
GILEAD SCIENCES INC 0.73%
CONOCOPHILLIPS 0.72%
DXC TECHNOLOGY CO 0.72%
ORBOTECH LTD 0.72%
ADOBE SYSTEMS INC 0.71%
BROADCOM LTD 0.71%
CHUBB LTD 0.71%
BRISTOL-MYERS SQUIBB CO 0.69%
MASTERCARD INC - A 0.69%
KKR & CO LP 0.68%
REALPAGE INC 0.68%
VERTEX PHARMACEUTICALS INC 0.67%
APPLIED MATERIALS INC 0.65%
COSTCO WHOLESALE CORP 0.65%
COMCAST CORP-CLASS A 0.64%
MCCORMICK & CO-NON VTG SHRS 0.64%
JAZZ PHARMACEUTICALS PLC 0.62%
PFIZER INC 0.62%
TOTAL SA 0.61%
ALIBABA GROUP HOLDING-SP ADR 0.60%
MOLSON COORS BREWING CO -B 0.60%
NORTHROP GRUMMAN CORP 0.60%
VERIZON COMMUNICATIONS INC 0.60%
AMGEN INC 0.58%
DENTSPLY SIRONA INC 0.55%
HILTON WORLDWIDE HOLDINGS IN 0.54%
NORFOLK SOUTHERN CORP 0.54%
WYNN RESORTS LTD 0.54%
TENCENT HOLDINGS LTD 0.53%
DR PEPPER SNAPPLE GROUP INC 0.51%
TJX COMPANIES INC 0.51%
INTERCONTINENTAL EXCHANGE IN 0.50%
KION GROUP AG 0.50%
NEXTERA ENERGY INC 0.49%
WALMART INC 0.49%
GAMING AND LEISURE PROPERTIE 0.48%
KROGER CO 0.47%
FORTUNE BRANDS HOME & SECURI 0.46%
DOVER CORP 0.45%
INVESCO LTD 0.45%
PIONEER NAT RES CO 0.45%
ORACLE CORP 0.44%
BAXTER INTERNATIONAL INC 0.43%
WALGREENS BOOTS ALLIANCE INC 0.43%
INTUITIVE SURGICAL INC 0.42%
KIMBERLY-CLARK CORP 0.42%
AMERICAN ELECTRIC POWER 0.41%
CHIPOTLE MEXICAN GRILL INC 0.41%
ANADARKO PETROLEUM CORP 0.40%
NXP SEMICONDUCTORS NV 0.39%
YUM CHINA HOLDINGS INC 0.39%
INVESTMENT TECHNOLOGY GROUP 0.38%
WASTE CONNECTIONS INC 0.38%
SUNCOR ENERGY INC 0.37%
ALEXION PHARMACEUTICALS INC 0.36%
FIDELITY NATIONAL INFO SERV 0.36%
EXELON CORP 0.35%
LIVE NATION ENTERTAINMENT IN 0.35%
O'REILLY AUTOMOTIVE INC 0.35%
SALESFORCE.COM INC 0.35%
KINDER MORGAN INC 0.34%
SUMMIT MATERIALS INC -CL A 0.34%
ABBVIE INC 0.32%
EOG RESOURCES INC 0.32%
CHURCH & DWIGHT CO INC 0.31%
EVERBRIDGE INC 0.31%
PAYPAL HOLDINGS INC 0.30%
GODADDY INC - CLASS A 0.29%
INSTRUCTURE INC 0.29%
NIKE INC -CL B 0.29%
BIOGEN INC 0.28%
ENI SPA 0.28%
SEVEN GENERATIONS ENERGY - A 0.28%
ADVANCE AUTO PARTS 0.27%
DEERE & CO 0.27%
L3 TECHNOLOGIES INC 0.27%
NOBLE ENERGY INC 0.27%
RESTAURANT BRANDS INTERN 0.27%
PINNACLE FOODS INC 0.26%
ILUKA RESOURCES LTD 0.25%
BURLINGTON STORES INC 0.24%
METTLER-TOLEDO INTERNATIONAL 0.24%
MONSTER BEVERAGE CORP 0.24%
NRG ENERGY INC 0.23%
BALL CORP 0.22%
CONSTELLATION BRANDS INC-A 0.21%
DOMINION ENERGY INC 0.21%
CAIRN ENERGY PLC 0.20%
TOTAL SYSTEM SERVICES INC 0.20%
ROCKWELL AUTOMATION INC 0.19%
HCA HEALTHCARE INC 0.18%
PEARLABYSS CORP 0.18%
WALT DISNEY CO/THE 0.18%
ALCOA CORP 0.17%
DISH NETWORK CORP-A 0.17%
XCEL ENERGY INC 0.16%
AMEREN CORPORATION 0.15%
EDISON INTERNATIONAL 0.15%
MONSANTO CO 0.14%
NEKTAR THERAPEUTICS 0.13%
P G & E CORP 0.12%
DUKE ENERGY CORP 0.11%
W.R. GRACE & CO 0.11%
CMS ENERGY CORP 0.10%
DELIVERY HERO AG 0.10%
ELI LILLY & CO 0.10%
FIRSTENERGY CORP 0.10%
SMITH (A.O.) CORP 0.09%
SOGOU INC-ADR 0.08%
ECOLAB INC 0.07%
FMC CORP 0.07%
RU20INTR P USL1M R 12/15/20 GS 0.07%
SOUTHERN CO/THE 0.07%
INCYTE CORP 0.06%
MCKESSON CORP 0.06%
ONEOK INC 0.06%
OPORTUN FIN CORP P/P SERIES H PFD 0.06%
PPG INDUSTRIES INC 0.05%
WILLIAMS COS INC 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
ARCHER-DANIELS-MIDLAND CO 0.03%
CANADIAN DOLLAR ACCOUNT 0.03%
OPORTUN FIN F-1 PFD CV P/P 0.03%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
POUND STERLING CALL ACCOUNT 0.01%
AUD/USD 04/18/2018 GSFX 0.00%
CAD/USD 04/18/2018 BANKAM 0.00%
CAD/USD 04/18/2018 JPMCB 0.00%
CF INDUSTRIES HOLDINGS INC 0.00%
EUR/USD 06/20/2018 HSBCB 0.00%
GBP/USD 06/20/2018 BCAP-FX 0.00%
GBP/USD 06/20/2018 GSFX 0.00%
GBP/USD 06/20/2018 JPMCB 0.00%
GE 20180615 C 21.00UBS 0.00%
GE 20180615 C 22.00CSI 0.00%
GE 20180615 C 22.00UBS 0.00%
GE 20180615 C 24.00CSI 0.00%
ILS/USD 04/18/2018 SSBT 0.00%
NOK/USD 06/20/2018 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 C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
EUR/USD 06/20/2018 CITI -0.01%
AUSTRALIAN DOLLAR ACCOUNT -0.05%
S&P500 EMINI FUT JUN18 ESM8 -0.10%

Prior top 10 holdings

Top 10 holdings as of 06/30/18
1: Microsoft Corp 3.19%
2: Alphabet 3.07%
3: Amazon.Com 3.04%
4: Apple 3.02%
5: Bank Of America Corp 2.53%
6: Facebook 2.23%
7: Visa 1.85%
8: Home Depot The 1.75%
9: Citigroup 1.74%
10: Coca-Cola The 1.53%
Holdings represent 23.95% of portfolio
Top 10 holdings as of 05/31/18
1: Microsoft Corp 3.17%
2: Apple 3.02%
3: Alphabet 2.96%
4: Amazon.Com 2.89%
5: Bank Of America Corp 2.58%
6: Facebook 2.18%
7: Visa 1.74%
8: Citigroup 1.72%
9: Home Depot The 1.70%
10: Coca-Cola The 1.49%
Holdings represent 23.45% of portfolio
Top 10 holdings as of 04/30/18
1: Microsoft Corp 3.03%
2: Amazon.Com 2.81%
3: Alphabet 2.77%
4: Apple 2.69%
5: Bank Of America Corp 2.69%
6: Citigroup 1.78%
7: Home Depot The 1.70%
8: Facebook 1.62%
9: UnitedHealth Group 1.50%
10: Goldman Sachs Group The 1.34%
Holdings represent 21.93% of portfolio
Top 10 holdings as of 03/31/18
1: Microsoft Corp 3.52%
2: Apple 3.34%
3: Amazon.Com 2.95%
4: Alphabet 2.90%
5: Bank Of America Corp 2.44%
6: Facebook 1.73%
7: Home Depot The 1.62%
8: UnitedHealth Group 1.60%
9: Citigroup 1.33%
10: JPMorgan Chase 1.27%
Holdings represent 22.70% of portfolio

Portfolio Composition as of 06/30/18

Common stock 98.62%
Cash and net other assets 1.22%
Convertible preferred stock 0.16%

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 24.89%
Financials 14.11%
Health care 13.17%
Consumer discretionary 12.40%
Industrials 9.36%
Consumer staples 7.21%
Energy 6.92%
Materials 3.99%
Utilities 3.63%
 
Other
4.32%
Telecommunication services 2.28%
Cash and net other assets 1.22%
Real estate 0.82%