Putnam Allstate Advisor

Putnam Global Equity Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount targets midsize and large industry leaders with consistent earnings growth improvement and the likelihood of positive earnings surprises. The fund managers seek companies in the U.S. and abroad with high rates of growth and dominant market share.

Sales story

Selecting companies around the world that are attractive for investorsEstablished companies: The fund invests in large and midsize companies in the United States and developed international markets to benefit from global opportunities.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads global markets.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.

Management team

Daily pricing as of 10/19/17

with optional enhanced death benefits
Unit Value $15.085935 $14.668251
Unit Value Change -0.008617 -0.008439

Lipper ranking ‡ as of 09/30/17

Category: Global Multi-Cap Core

  Percentile ranking Rank/Funds in category
10 yrs. 59% 7/11
1 yr. 12% 3/25
3 yrs. 77% 19/24
5 yrs. 44% 7/15

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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 09/30/17

Fiscal Year End December
Asset Class Putnam Allstate Advisor
Subaccount Status Open to new investors
Number of issues 110
Turnover (fiscal year end) 54%
Net Assets $169M
Inception Date 05/01/90

Performance

Performance as of 09/30/17

Annualized Performance Last Quarter Year
to Date
1 yr. 3 yrs. 5 yrs. 10 yrs. Life of
subaccount
Restated performance
Unit Value 6.78% 20.80% 18.87% 5.14% 9.68% 1.85% 5.05%
Standardized -2.44% 10.80% 8.87% 0.15% 6.52% -2.81% 2.96%
With optional enhanced death benefit
Unit Value 6.74% 20.67% 18.69% 4.98% 9.51% 1.69% 4.89%
Standardized -2.48% 10.67% 8.69% -0.01% 6.34% -3.00% 2.76%
Actual performance
Unit Value 6.78% 20.80% 18.87% 5.14% 9.68% 1.85% 2.19%
Standardized -2.44% 10.80% 8.87% 0.15% 6.52% -2.81% -2.76%
With optional enhanced death benefit
Unit Value 6.74% 20.67% 18.69% 4.98% 9.51% 1.69% 2.03%
Standardized -2.48% 10.67% 8.69% -0.01% 6.34% -3.00% -3.02%

Annual Performance at NAV

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
7.65% -46.03% 28.35% 8.46% -6.14% 18.67% 30.33% 0.20% -2.94% -0.19%
With optional enhanced death benefit
7.49% -46.11% 28.15% 8.30% -6.28% 18.49% 30.13% 0.05% -3.08% -0.34%

Restated performance

Monthly as of 09/30/17

Unit Value 2.64%
Standardized -6.29%

YTD as of 10/19/17

Unit Value 22.36%
Standardized 12.36%

With optional enhanced death benefit

Monthly as of 09/30/17

Unit Value 2.62%
Standardized -6.30%

YTD as of 10/19/17

Unit Value 22.21%
Standardized 12.21%

Unit values and performance information shown apply to the specific annuity product listed, not the underlying Putnam Variable Trust fund. This information should not be used by investors who hold an interest in Putnam Variable Trust funds through a different annuity or other variable product. The unit values and performance of other variable products that offer Putnam Variable Trust funds may be higher or lower due to product charges and expenses or other factors.

Data is historical. Past performance is no guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units.

Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $30 contract maintenance fee. Additional riders and options for insurance-related charges will increase expenses and lower returns. Please see the prospectus for details. For a portion of the period, subaccounts may have limited expenses, without which returns would have been lower.

Variable annuities are long-term investments designed for retirement purposes. Putnam Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, Simsbury, CT.

Putnam Allstate variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company (Allstate Life); underwritten by Allstate Distributors, L.L.C., both of Northbrook, IL; and sold through registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state.

These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds. You may also call Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277. Read the prospectuses carefully before investing.

For the most recent month-end performance, please call Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

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.

Risk Characteristics as of 09/30/17

Alpha (%) -0.90
Beta 0.96
R Squared 0.90
Standard Deviation (3 yrs.) 10.35

Holdings

Top 10 holdings as of 09/30/17

Alphabet 2.95%
Nrg Energy 2.27%
Yamaha Motor 2.08%
Becton Dickinson And 1.88%
Norfolk Southern Corp 1.74%
Unilever Nv 1.70%
Suncor Energy 1.61%
Amazon.Com 1.56%
E*Trade Financial Corp 1.51%
Bank Of America Corp 1.45%
Top 10 holdings, total: 18.75%

Equity Holdings as of 06/30/17

ALPHABET INC-CL C 3.10%
BECTON DICKINSON AND CO 1.97%
YAMAHA MOTOR CO LTD 1.93%
AMAZON.COM INC 1.79%
ASSURED GUARANTY LTD 1.66%
NORFOLK SOUTHERN CORP 1.53%
SUNCOR ENERGY INC 1.46%
E*TRADE FINANCIAL CORPORATION 1.44%
MICRON TECHNOLOGY INC 1.40%
IMPERIAL BRANDS PLC 1.30%
DXC TECHNOLOGY CO 1.29%
PRUDENTIAL PLC 1.28%
SHISEIDO CO LTD 1.27%
GOODYEAR TIRE & RUBBER CO 1.26%
ALIBABA GROUP HOLDING-SP ADR 1.24%
LOWES COMPANIES INC 1.23%
CALPINE CORP 1.19%
EXELON CORP 1.19%
BAYER AG-REG 1.18%
UNILEVER NV-CVA 1.17%
NRG ENERGY INC 1.15%
CF INDUSTRIES HOLDINGS INC 1.13%
FAIRFAX FINANCIAL HLDGS LTD 1.12%
SEALED AIR CORP 1.11%
BANCO MACRO SA-ADR 1.06%
BANK OF AMERICA CORP 1.06%
VISA INC-CLASS A SHARES 1.05%
ASSA ABLOY AB-B 1.04%
EURAZEO SA 1.04%
INSTRUCTURE INC 1.03%
SEVEN GENERATIONS ENERGY - A 1.02%
NOMAD FOODS LTD 0.99%
ASSOCIATED BRITISH FOODS PLC 0.98%
KERRY GROUP PLC-A 0.98%
BANK OF IRELAND 0.93%
COMPASS GROUP PLC 0.91%
NINTENDO CO LTD 0.91%
SERVICENOW INC 0.91%
BOSTON SCIENTIFIC CORP 0.89%
GODADDY INC - CLASS A 0.89%
RADIAN GROUP INC 0.87%
KYUDENKO CORP 0.86%
TELECOM ITALIA-RSP 0.86%
CHALLENGER LTD 0.85%
NCSOFT CORP 0.85%
PULTEGROUP INC 0.85%
RE/MAX HOLDINGS INC-CL A 0.85%
BRUNSWICK CORP 0.84%
KRAFT HEINZ CO/THE 0.84%
NORTHROP GRUMMAN CORP 0.84%
SAMSUNG ELECTRONICS-PREF 0.84%
BALL CORP 0.83%
ORKLA ASA 0.83%
RPC GROUP PLC 0.83%
HARTFORD FINANCIAL SVCS GRP 0.82%
JAZZ PHARMACEUTICALS PLC 0.82%
HIBERNIA REIT PLC 0.81%
VODAFONE GROUP PLC-SP ADR 0.80%
ALCOA CORP 0.78%
GOLDMAN SACHS GROUP INC 0.78%
KENNEDY-WILSON HOLDINGS INC 0.78%
LIVE NATION ENTERTAINMENT IN 0.78%
CONOCOPHILLIPS 0.77%
TECHTRONIC INDUSTRIES CO LTD 0.77%
CHUGAI PHARMACEUTICAL CO LTD 0.76%
DALATA HOTEL GROUP PLC 0.75%
PIONEER NAT RES CO 0.75%
ADOBE SYSTEMS INC 0.74%
COMPUGROUP MEDICAL SE 0.74%
DR PEPPER SNAPPLE GROUP INC 0.73%
KDDI CORP 0.72%
NOKIA OYJ 0.72%
BROADCOM LTD 0.71%
REALPAGE INC 0.71%
ASTRAZENECA PLC 0.70%
DOW CHEMICAL CO/THE 0.70%
EOG RESOURCES INC 0.70%
SERVICE CORP INTERNATIONAL 0.70%
SHERWIN-WILLIAMS CO/THE 0.69%
ATRESMEDIA CORP DE MEDIOS DE 0.68%
ROHM CO LTD 0.68%
HILTON WORLDWIDE HOLDINGS IN 0.67%
REGENERON PHARMACEUTICALS 0.67%
ADMIRAL GROUP PLC 0.66%
RAYTHEON COMPANY 0.66%
EXPEDIA INC 0.65%
FORTUNE BRANDS HOME & SECURI 0.65%
PLAINS ALL AMER PIPELINE LP 0.65%
CHUBB LTD 0.64%
UBER TECH INC P/P CV PFD 0.64%
BIG YELLOW GROUP PLC 0.63%
NEWMONT MINING CORP 0.63%
KONINKLIJKE KPN NV 0.62%
SYMRISE AG 0.61%
HOYA CORP 0.60%
MOLSON COORS BREWING CO -B 0.58%
ALKERMES PLC 0.57%
HOME CAPITAL GROUP INC 0.57%
YOOX NET-A-PORTER GROUP 0.55%
BIOGEN INC 0.52%
QUANTA SERVICES INC 0.52%
PACIRA PHARMACEUTICALS INC 0.50%
AENA SA 0.48%
STERICYCLE INC 0.46%
CENOVUS ENERGY INC 0.40%
CALATLANTIC GROUP INC 0.31%
RIB SOFTWARE SE 0.29%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
FABFURNISH GMBH P/P 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%

Full Portfolio Holdings as of 06/30/17

ALPHABET INC-CL C 3.10%
BECTON DICKINSON AND CO 1.97%
YAMAHA MOTOR CO LTD 1.93%
AMAZON.COM INC 1.79%
ASSURED GUARANTY LTD 1.66%
NORFOLK SOUTHERN CORP 1.53%
SUNCOR ENERGY INC 1.46%
E*TRADE FINANCIAL CORPORATION 1.44%
MICRON TECHNOLOGY INC 1.40%
IMPERIAL BRANDS PLC 1.30%
DXC TECHNOLOGY CO 1.29%
PRUDENTIAL PLC 1.28%
SHISEIDO CO LTD 1.27%
GOODYEAR TIRE & RUBBER CO 1.26%
ALIBABA GROUP HOLDING-SP ADR 1.24%
LOWES COMPANIES INC 1.23%
CALPINE CORP 1.19%
EXELON CORP 1.19%
BAYER AG-REG 1.18%
UNILEVER NV-CVA 1.17%
NRG ENERGY INC 1.15%
CF INDUSTRIES HOLDINGS INC 1.13%
FAIRFAX FINANCIAL HLDGS LTD 1.12%
SEALED AIR CORP 1.11%
BANCO MACRO SA-ADR 1.06%
BANK OF AMERICA CORP 1.06%
VISA INC-CLASS A SHARES 1.05%
ASSA ABLOY AB-B 1.04%
EURAZEO SA 1.04%
INSTRUCTURE INC 1.03%
SEVEN GENERATIONS ENERGY - A 1.02%
NOMAD FOODS LTD 0.99%
ASSOCIATED BRITISH FOODS PLC 0.98%
KERRY GROUP PLC-A 0.98%
BANK OF IRELAND 0.93%
COMPASS GROUP PLC 0.91%
NINTENDO CO LTD 0.91%
SERVICENOW INC 0.91%
BOSTON SCIENTIFIC CORP 0.89%
GODADDY INC - CLASS A 0.89%
RADIAN GROUP INC 0.87%
KYUDENKO CORP 0.86%
TELECOM ITALIA-RSP 0.86%
CHALLENGER LTD 0.85%
NCSOFT CORP 0.85%
PULTEGROUP INC 0.85%
RE/MAX HOLDINGS INC-CL A 0.85%
BRUNSWICK CORP 0.84%
KRAFT HEINZ CO/THE 0.84%
NORTHROP GRUMMAN CORP 0.84%
SAMSUNG ELECTRONICS-PREF 0.84%
BALL CORP 0.83%
ORKLA ASA 0.83%
RPC GROUP PLC 0.83%
HARTFORD FINANCIAL SVCS GRP 0.82%
JAZZ PHARMACEUTICALS PLC 0.82%
HIBERNIA REIT PLC 0.81%
VODAFONE GROUP PLC-SP ADR 0.80%
ALCOA CORP 0.78%
GOLDMAN SACHS GROUP INC 0.78%
KENNEDY-WILSON HOLDINGS INC 0.78%
LIVE NATION ENTERTAINMENT IN 0.78%
CONOCOPHILLIPS 0.77%
TECHTRONIC INDUSTRIES CO LTD 0.77%
CHUGAI PHARMACEUTICAL CO LTD 0.76%
DALATA HOTEL GROUP PLC 0.75%
PIONEER NAT RES CO 0.75%
ADOBE SYSTEMS INC 0.74%
COMPUGROUP MEDICAL SE 0.74%
DR PEPPER SNAPPLE GROUP INC 0.73%
KDDI CORP 0.72%
NOKIA OYJ 0.72%
BROADCOM LTD 0.71%
REALPAGE INC 0.71%
ASTRAZENECA PLC 0.70%
DOW CHEMICAL CO/THE 0.70%
EOG RESOURCES INC 0.70%
SERVICE CORP INTERNATIONAL 0.70%
SHERWIN-WILLIAMS CO/THE 0.69%
ATRESMEDIA CORP DE MEDIOS DE 0.68%
ROHM CO LTD 0.68%
HILTON WORLDWIDE HOLDINGS IN 0.67%
REGENERON PHARMACEUTICALS 0.67%
ADMIRAL GROUP PLC 0.66%
RAYTHEON COMPANY 0.66%
EXPEDIA INC 0.65%
FORTUNE BRANDS HOME & SECURI 0.65%
PLAINS ALL AMER PIPELINE LP 0.65%
CHUBB LTD 0.64%
UBER TECH INC P/P CV PFD 0.64%
BIG YELLOW GROUP PLC 0.63%
NEWMONT MINING CORP 0.63%
KONINKLIJKE KPN NV 0.62%
SYMRISE AG 0.61%
HOYA CORP 0.60%
MOLSON COORS BREWING CO -B 0.58%
ALKERMES PLC 0.57%
HOME CAPITAL GROUP INC 0.57%
YOOX NET-A-PORTER GROUP 0.55%
BIOGEN INC 0.52%
QUANTA SERVICES INC 0.52%
PACIRA PHARMACEUTICALS INC 0.50%
AENA SA 0.48%
STERICYCLE INC 0.46%
CENOVUS ENERGY INC 0.40%
THE EURO EUR CALL ACCOUNT 0.34%
CALATLANTIC GROUP INC 0.31%
RIB SOFTWARE SE 0.29%
KOREAN WON CALL ACCOUNT 0.09%
GLOBAL FASHION GRP P/P 0.03%
CHF/USD 09/20/2017 SSBT 0.02%
GLOBAL FASHION GRP 0.02%
AUD/USD 07/19/2017 JPMCB 0.01%
CHF/USD 09/20/2017 UBS 0.01%
DKK/USD 09/20/2017 CITI 0.01%
EUR/USD 09/20/2017 CITI 0.01%
EUR/USD 09/20/2017 GSFX 0.01%
JPY/USD 08/16/2017 GSFX 0.01%
AUD/USD 07/19/2017 SSBT 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 07/19/2017 BANKAM 0.00%
CAD/USD 07/19/2017 SSBT 0.00%
CAD/USD 07/19/2017 WPAC 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 09/20/2017 JPMCB 0.00%
CNH/USD 08/16/2017 GSFX 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 09/20/2017 CITI 0.00%
GBP/USD 09/20/2017 SSBT 0.00%
HKD/USD 08/16/2017 BANKAM 0.00%
HKD/USD 08/16/2017 BCAP-FX 0.00%
ILS/USD 07/19/2017 SSBT 0.00%
JPY/USD 08/16/2017 CITI 0.00%
JPY/USD 08/16/2017 JPMCB 0.00%
JPY/USD 08/16/2017 SSBT 0.00%
KRW/USD 08/16/2017 JPMCB 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%
NOK/USD 09/20/2017 JPMCB 0.00%
SEK/USD 09/20/2017 CSI-FX 0.00%
SEK/USD 09/20/2017 JPMCB 0.00%
SGD/USD 08/16/2017 JPMCB 0.00%
GBP/USD 09/20/2017 BANKAM -0.01%
GBP/USD 09/20/2017 WPAC -0.01%
EUR/USD 09/20/2017 HSBCB -0.03%
POUND STERLING CALL ACCOUNT -0.48%

Prior top 10 holdings

Top 10 holdings as of 09/30/17
1: Alphabet 2.95%
2: Nrg Energy 2.27%
3: Yamaha Motor 2.08%
4: Becton Dickinson And 1.88%
5: Norfolk Southern Corp 1.74%
6: Unilever Nv 1.70%
7: Suncor Energy 1.61%
8: Amazon.Com 1.56%
9: E*Trade Financial Corp 1.51%
10: Bank Of America Corp 1.45%
Holdings represent 18.75% of portfolio
Top 10 holdings as of 08/31/17
1: Alphabet 2.95%
2: Nrg Energy 2.25%
3: Yamaha Motor 2.01%
4: Becton Dickinson And 1.95%
5: Unilever Nv 1.74%
6: Amazon.Com 1.62%
7: Norfolk Southern Corp 1.61%
8: Assured Guaranty 1.59%
9: Suncor Energy 1.47%
10: E*Trade Financial Corp 1.45%
Holdings represent 18.64% of portfolio
Top 10 holdings as of 07/31/17
1: Alphabet 3.10%
2: Nrg Energy 2.29%
3: Becton Dickinson And 2.02%
4: Yamaha Motor 1.85%
5: Amazon 1.79%
6: Assured Guaranty 1.76%
7: Suncor Energy 1.60%
8: E*TRADE Financial 1.47%
9: Bank of America 1.45%
10: Norfolk Southern 1.38%
Holdings represent 18.71% of portfolio
Top 10 holdings as of 06/30/17
1: Alphabet 3.10%
2: Becton Dickinson And 1.97%
3: Yamaha Motor 1.93%
4: Amazon 1.79%
5: Assured Guaranty 1.66%
6: Norfolk Southern 1.53%
7: Suncor Energy 1.46%
8: E*TRADE Financial 1.44%
9: Micron Technology 1.40%
10: Dxc Technology 1.29%
Holdings represent 17.57% of portfolio

Portfolio Composition as of 09/30/17

Common stock 97.42%
Cash and net other assets 1.07%
Preferred stock 0.87%
Convertible preferred stock 0.64%

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.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

Top Industry Sectors as of 09/30/17

Information technology 17.84%
Consumer discretionary 17.83%
Financials 14.44%
Health care 11.08%
Consumer staples 7.92%
Materials 7.72%
Industrials 7.26%
Energy 5.51%
Utilities 4.43%
 
Other
5.97%
Telecommunication services 2.79%
Real estate 2.11%
Cash and net other assets 1.07%

Country Allocation as of 09/30/17

United States 56.76%
United Kingdom 8.44%
Japan 8.31%
Canada 3.86%
Ireland 3.61%
Germany 3.16%
Netherlands 2.32%
South Korea 1.97%
Italy 1.52%
 
Other
10.05%
China 1.46%
Argentina 1.26%
France 1.15%
Cash and net other assets 1.07%
Sweden 1.00%
Australia 0.94%
Hong Kong 0.81%
India 0.63%
Brazil 0.57%
Spain 0.56%
Thailand 0.54%
Luxembourg 0.06%

Expenses

Sales Charges/Fees

Breakpoint Sales Charge Dealer Allowance CDSC Liab
$0 - $0 0.00% 0.00% N

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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.

CDSC

Year Percent
1 7.00%
2 7.00%
3 6.00%
4 5.00%
5 4.00%
6 3.00%
7 2.00%
8+ 0.00%