‡ 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.
Putnam Allstate Advisor
Putnam Sustainable Leaders Subaccount
The subaccount seeks long-term capital appreciation.
Fund description
The subaccount invests in companies of all sizes across a range of industry sectors. The management team looks for stocks of innovative companies that are positioned in sectors believed to offer exceptional growth potential. The fund targets companies with strong management and superior financial characteristics.
Sales story
Investing in growing companies committed to sustainable practicesCommitted companies: The subaccount invests in companies we believe have strong fundamentals linked to leadership in financially material sustainability issues.Active strategy: A framework grounded in fundamental research, enhanced by a focus on material sustainability issues, drives investment decisions. Experienced team: An experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups.
Management team
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Daily pricing as of 01/20/21
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $32.72371 | $31.661936 |
| Unit Value Change | 0.385826 | 0.373179 |
Lipper ranking ‡ as of 12/31/20
Category: Multi-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 50% | 44/88 |
| 1 yr. | 80% | 79/99 |
| 3 yrs. | 55% | 54/99 |
| 5 yrs. | 43% | 42/99 |
Quick facts as of 12/31/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor |
| Subaccount Status | Open to new investors |
| Number of issues | 64 |
| Turnover (fiscal year end) | 29% |
| Net Assets | $931M |
| Inception Date | 05/02/94 |
Performance
Performance as of 12/31/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 10.85% | 27.14% | 27.14% | 18.52% | 17.73% | 13.77% | 8.30% |
| Standardized | 1.35% | 17.14% | 17.14% | 14.10% | 14.73% | 11.51% | 6.74% |
| With optional enhanced death benefit | |||||||
| Unit Value | 10.81% | 26.95% | 26.95% | 18.34% | 17.55% | 13.60% | 8.14% |
| Standardized | 1.31% | 16.95% | 16.95% | 13.91% | 14.55% | 11.33% | 6.55% |
| Actual performance | |||||||
| Unit Value | 10.85% | 27.14% | 27.14% | 18.52% | 17.73% | 13.77% | 5.48% |
| Standardized | 1.35% | 17.14% | 17.14% | 14.10% | 14.73% | 11.51% | 0.87% |
| With optional enhanced death benefit | |||||||
| Unit Value | 10.81% | 26.95% | 26.95% | 18.34% | 17.55% | 13.60% | 5.31% |
| Standardized | 1.31% | 16.95% | 16.95% | 13.91% | 14.55% | 11.33% | 0.59% |
Annual Performance at NAV
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|
| -6.27% | 15.30% | 34.73% | 12.07% | -1.54% | 6.45% | 27.62% | -2.76% | 34.66% | 27.14% |
| With optional enhanced death benefit | |||||||||
| -6.41% | 15.12% | 34.53% | 11.90% | -1.69% | 6.28% | 27.42% | -2.91% | 34.46% | 26.95% |
Restated performance
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 3.20% |
| Standardized | -5.76% |
YTD as of 01/20/21 |
|
|---|---|
| Unit Value | 3.07% |
| Standardized | -5.89% |
With optional enhanced death benefit
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 3.19% |
| Standardized | -5.77% |
YTD as of 01/20/21 |
|
|---|---|
| Unit Value | 3.06% |
| Standardized | -5.89% |
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 Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., 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 Talcott Resolution 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 Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277.
Holdings
| Microsoft Corp | 7.26% |
| Apple | 6.55% |
| Amazon.Com | 5.00% |
| Bank Of America Corp | 2.82% |
| Blackrock | 2.71% |
| Adobe | 2.37% |
| Danaher Corp | 2.36% |
| Visa | 2.33% |
| Aes Corp/The | 2.16% |
| Fidelity National Information Services | 1.93% |
| Top 10 holdings, total: | 35.49% |
| Top 10 holdings as of 12/31/20 | |
|---|---|
| 1: Microsoft Corp | 7.26% |
| 2: Apple | 6.55% |
| 3: Amazon.Com | 5.00% |
| 4: Bank Of America Corp | 2.82% |
| 5: Blackrock | 2.71% |
| 6: Adobe | 2.37% |
| 7: Danaher Corp | 2.36% |
| 8: Visa | 2.33% |
| 9: Aes Corp/The | 2.16% |
| 10: Fidelity National Information Services | 1.93% |
| Holdings represent 35.49% of portfolio | |
| Top 10 holdings as of 11/30/20 | |
|---|---|
| 1: Microsoft Corp | 7.14% |
| 2: Apple | 6.01% |
| 3: Amazon.Com | 4.97% |
| 4: Blackrock | 2.68% |
| 5: Bank Of America Corp | 2.68% |
| 6: Danaher Corp | 2.44% |
| 7: Adobe | 2.32% |
| 8: Visa | 2.29% |
| 9: Fidelity National Information Services | 2.07% |
| 10: Thermo Fisher Scientific | 2.06% |
| Holdings represent 34.66% of portfolio | |
| Top 10 holdings as of 10/31/20 | |
|---|---|
| 1: Microsoft Corp | 7.38% |
| 2: Apple | 6.00% |
| 3: Amazon.Com | 5.21% |
| 4: Danaher Corp | 3.15% |
| 5: Thermo Fisher Scientific | 2.62% |
| 6: Blackrock | 2.51% |
| 7: Adobe | 2.37% |
| 8: Bank Of America Corp | 2.21% |
| 9: Visa | 2.16% |
| 10: Aes Corp/The | 2.00% |
| Holdings represent 35.61% of portfolio | |
| Top 10 holdings as of 09/30/20 | |
|---|---|
| 1: Microsoft Corp | 7.44% |
| 2: Apple | 6.52% |
| 3: Amazon.Com | 5.24% |
| 4: Danaher Corp | 3.09% |
| 5: Adobe | 2.90% |
| 6: Thermo Fisher Scientific | 2.37% |
| 7: Visa | 2.30% |
| 8: Blackrock | 2.29% |
| 9: Alphabet | 2.26% |
| 10: Fidelity National Information Services | 2.18% |
| Holdings represent 36.59% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 7.26% | APPLE INC SEDOL 2046251 | 6.55% | AMAZON.COM INC SEDOL 2000019 | 5.00% | BANK OF AMERICA CORP SEDOL 2295677 | 2.82% | BLACKROCK INC SEDOL 2494504 | 2.71% | ADOBE INC SEDOL 2008154 | 2.37% | DANAHER CORP SEDOL 2250870 | 2.36% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.33% | AES CORP SEDOL 2002479 | 2.16% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.94% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 1.83% | WALMART INC SEDOL 2936921 | 1.78% | UNILEVER PLC SEDOL BLRB262 | 1.77% | HOME DEPOT INC SEDOL 2434209 | 1.74% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.70% | UNION PACIFIC CORP SEDOL 2914734 | 1.68% | HASBRO INC SEDOL 2414580 | 1.67% | TARGET CORP SEDOL 2259101 | 1.66% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.62% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.61% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.56% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.51% | HEINEKEN NV SEDOL 7792559 | 1.49% | AXA SA SEDOL 7088429 | 1.47% | LINDE PLC SEDOL BZ12WP8 | 1.47% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 1.44% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.43% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.43% | AMGEN INC SEDOL 2023607 | 1.42% | PRUDENTIAL PLC SEDOL 0709954 | 1.39% | BALL CORP SEDOL 2073022 | 1.33% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.31% | COOPER COS INC/THE SEDOL 2222631 | 1.30% | BOSTON PROPERTIES INC SEDOL 2019479 | 1.27% | GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 | 1.27% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.26% | NEXTERA ENERGY INC SEDOL 2328915 | 1.20% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.20% | STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 1.19% | ALPHABET INC-CL A SEDOL BYVY8G0 | 1.12% | BAXTER INTERNATIONAL INC SEDOL 2085102 | 1.04% | ORSTED A/S SEDOL BYT16L4 | 1.04% | DOCUSIGN INC SEDOL BFYT7B7 | 1.04% | APPLIED MATERIALS INC SEDOL 2046552 | 1.03% | ECOLAB INC SEDOL 2304227 | 1.01% | MERCK & CO. INC. SEDOL 2778844 | 1.01% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.00% | AVERY DENNISON CORP SEDOL 2066408 | 0.99% | OKTA INC SEDOL BDFZSP1 | 0.93% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 0.88% | ASTRAZENECA PLC SEDOL 0989529 | 0.87% | ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 0.87% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 0.86% | TALEND SA - ADR SEDOL BD39HN6 | 0.86% | FIRST SOLAR INC SEDOL B1HMF22 | 0.83% | ETSY INC SEDOL BWTN5N1 | 0.77% | VAIL RESORTS INC SEDOL 2954194 | 0.77% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.75% | CVS HEALTH CORP SEDOL 2577609 | 0.71% | AMEREN CORPORATION SEDOL 2050832 | 0.48% | ELI LILLY & CO SEDOL 2516152 | 0.48% | JETBLUE AIRWAYS CORP SEDOL 2852760 | 0.48% | SALESFORCE.COM INC SEDOL 2310525 | 0.46% | TREASURY BILL 00.0000 03/25/2021 | 0.03% | HC BRILLANT SERVICES GMBH P/P | 0.00% | NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% | GBP/USD 03/17/2021 HSBCB | -0.00% | EUR/USD 03/17/2021 SSBT | -0.00% | GBP/USD 03/17/2021 BCAP-FX | -0.00% | EUR/USD 03/17/2021 UBS | -0.00% | GBP/USD 03/17/2021 BANKAM | -0.00% | EUR/USD 03/17/2021 JPMCB | -0.00% |
| MICROSOFT CORP SEDOL 2588173 | 7.44% | APPLE INC SEDOL 2046251 | 6.52% | AMAZON.COM INC SEDOL 2000019 | 5.24% | DANAHER CORP SEDOL 2250870 | 3.09% | ADOBE INC SEDOL 2008154 | 2.90% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.37% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.30% | BLACKROCK INC SEDOL 2494504 | 2.29% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 2.18% | BANK OF AMERICA CORP SEDOL 2295677 | 2.18% | SALESFORCE.COM INC SEDOL 2310525 | 2.15% | AES CORP SEDOL 2002479 | 1.99% | HOME DEPOT INC SEDOL 2434209 | 1.97% | UNILEVER NV SEDOL B1527V7 | 1.91% | WALMART INC SEDOL 2936921 | 1.87% | TARGET CORP SEDOL 2259101 | 1.78% | MERCK & CO. INC. SEDOL 2778844 | 1.74% | AMGEN INC SEDOL 2023607 | 1.71% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.64% | HASBRO INC SEDOL 2414580 | 1.60% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.53% | LINDE PLC SEDOL BZ12WP8 | 1.44% | BALL CORP SEDOL 2073022 | 1.40% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.39% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.36% | UNION PACIFIC CORP SEDOL 2914734 | 1.33% | DOCUSIGN INC SEDOL BFYT7B7 | 1.31% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.31% | COOPER COS INC/THE SEDOL 2222631 | 1.31% | ALPHABET INC-CL C SEDOL BYY88Y7 | 1.25% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.24% | AXA SA SEDOL 7088429 | 1.23% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.19% | NEXTERA ENERGY INC SEDOL 2328915 | 1.17% | PRUDENTIAL PLC SEDOL 0709954 | 1.17% | BAXTER INTERNATIONAL INC SEDOL 2085102 | 1.13% | ORSTED A/S SEDOL BYT16L4 | 1.12% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.11% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.11% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.10% | STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 1.02% | ECOLAB INC SEDOL 2304227 | 1.01% | ALPHABET INC-CL A SEDOL BYVY8G0 | 1.01% | GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 | 1.00% | HEINEKEN NV SEDOL 7792559 | 0.98% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 0.95% | OKTA INC SEDOL BDFZSP1 | 0.95% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 0.95% | TALEND SA - ADR SEDOL BD39HN6 | 0.95% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 0.94% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.94% | ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 0.92% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.89% | APPLIED MATERIALS INC SEDOL 2046552 | 0.77% | BOSTON PROPERTIES INC SEDOL 2019479 | 0.76% | ETSY INC SEDOL BWTN5N1 | 0.76% | ASTRAZENECA PLC SEDOL 0989529 | 0.76% | FIRST SOLAR INC SEDOL B1HMF22 | 0.69% | JETBLUE AIRWAYS CORP SEDOL 2852760 | 0.65% | VAIL RESORTS INC SEDOL 2954194 | 0.64% | BARRY CALLEBAUT AG-REG SEDOL 5476929 | 0.60% | AMEREN CORPORATION SEDOL 2050832 | 0.53% | AVERY DENNISON CORP SEDOL 2066408 | 0.40% | BECTON DICKINSON AND CO 06.0000 CV PFD | 0.31% | SNOWFLAKE INC-CLASS A SEDOL BN134B7 | 0.28% | TREASURY BILL 00.0000 10/27/2020 | 0.09% | CASH MGMT BILL 00.0000 12/15/2020 | 0.04% | EUR/USD 12/16/2020 JPMCB | 0.01% | EUR/USD 12/16/2020 UBS | 0.01% | GBP/USD 12/16/2020 BANKAM | 0.01% | GBP/USD 12/16/2020 HSBCB | 0.00% | HC BRILLANT SERVICES GMBH P/P | 0.00% | NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% | EUR/USD 12/16/2020 SSBT | -0.00% | GBP/USD 12/16/2020 BCAP-FX | -0.00% |
Portfolio Composition as of 12/31/20
| Common stock | 98.78% |
| Cash and net other assets | 1.22% |
Consider these risks before investing: The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Investments in small and/or midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. The fund's investment strategy of investing in companies that exhibit a commitment to sustainable business practices may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds that do not invest with a sustainable focus. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. 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 12/31/20
| Information technology | 30.22% |
|---|---|
| Consumer discretionary | 16.12% |
| Health care | 12.90% |
| Financials | 9.82% |
| Industrials | 8.86% |
| Materials | 6.81% |
| Consumer staples | 5.90% |
| Utilities | 4.88% |
| Real estate | 2.15% |
| Other | 2.34% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
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% |