Putnam Allstate Advisor

Putnam Government Money Market Subaccount

The subaccount seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital and maintenance of liquidity.

  • Highlights
  • Performance
  • Holdings
  • Expenses
  • Asset Liquidity

Fund description

Prior to April 30, 2016, the fund was known as Putnam Money Market Subaccount.

With an emphasis on high-quality, short-term fixed-income securities, this subaccount seeks to protect principal by attempting to maintain a constant $1.00 share price while providing shareholders with easy access to their money.

Sales story

Pursuing income while preserving capital with short-term investmentsCapital preservation: The fund invests in highly rated money market instruments to maintain a stable net asset value and protect investors' wealth.Attractive income: The portfolio managers use credit research to select a diverse portfolio of securities that offer above-average yields.Leading research: The managers, supported by Putnam's fixed-income research division, manage risk by analyzing individual securities and overall market conditions.

Management team

Daily pricing as of 04/28/17

with optional enhanced death benefits
Unit Value $10.674901 $10.386932
Unit Value Change -0.000264 -0.0003

Lipper ranking ‡ as of 03/31/17

Category: Money Market Funds

  Percentile ranking Rank/Funds in category
10 yrs. 45% 26/58
1 yr. 69% 44/63
3 yrs. 57% 36/63
5 yrs. 56% 35/62

Capital gains, if any, are taxable for federal, and in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.

Credit qualities are shown as a percentage of portfolio value. A bond rated P-1 for Moody's, A-1 for Standard & Poor's, or F1 for Fitch or, if unrated, deemed to be of comparable quality by Putnam, is considered a Tier 1 security under SEC rules. Ratings vary over time. The fund itself has not been rated by an independent rating agency.

‡ 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.