Putnam Hartford Capital Manager

Putnam Small Cap Value Subaccount

The subaccount seeks capital appreciation.

  • Highlights
  • Holdings

Fund description

The subaccount pursues its objective of long-term capital appreciation by investing in stocks of small companies that are undergoing positive changes. In accordance with its value strategy, it seeks holdings that have below-average price/earnings ratios and that are priced below their long-term business value. The subaccount's focus on low valuation helps to manage the risk associated with investing in small companies.

Sales story

Pursuing capital appreciation through undervalued small companiesSmall companies: Often overlooked by Wall Street analysts, the stocks of small companies can represent attractive opportunities to firms with strong research capabilities.A value strategy: The fund focuses on finding small companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.A rigorous process: The fund's experienced manager uses fundamental investment research to find stocks that are currently overlooked and undervalued in the current market.

Management team

Lipper ranking ‡ as of 07/31/17

Category: Small-Cap Value Funds

  Percentile ranking Rank/Funds in category
10 yrs. 84% 30/35
1 yr. 13% 6/46
3 yrs. 28% 13/46
5 yrs. 39% 18/46

Risk Characteristics as of 07/31/17

Alpha (%) 0.71
Beta 0.91
R squared 0.96
Standard deviation (3 yrs.) 13.62

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.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.