Putnam Capital Manager

Putnam Growth Opportunities Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in large U.S. companies with strong revenue and earnings growth prospects. Members of the management team target established companies that are believed to be leaders in their industries with the potential to grow rapidly. The fund's portfolio typically includes world-renowned businesses whose size and scale give them a competitive advantage.

Sales story

Seeking to harness the growth potential of large U.S. companiesSeeks above-average growth: The fund focuses on businesses that exhibit both a high level of growth and an above-average duration of growth.A thematic approach: The portfolio managers combine top-down investment themes with bottom-up research to select securities that can benefit from growth trends.Rigorous analysis: Backed by fundamental research, the managers focus on identifying management teams that act like owners.

Management team

Lipper ranking ‡ as of 02/29/20

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 23% 33/148
1 yr. 9% 17/188
3 yrs. 8% 13/181
5 yrs. 18% 31/173

Risk Characteristics as of 02/29/20

Alpha (%) 3.13
Beta 0.96
R squared 0.97
Standard deviation (3 yrs.) 13.43

This fund concentrates its assets in fewer stocks, which can affect your fund's performance. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

‡ 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 03/31/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 58
Turnover (fiscal year end) 40%
Net Assets $771M
Inception Date 02/01/00

Holdings

Microsoft Corp 9.81%
Apple 7.49%
Amazon.Com 6.54%
Alphabet 4.72%
Visa 3.74%
Paypal Holdings 3.02%
Mastercard 2.80%
Salesforce.Com 2.68%
Adobe 2.46%
Danaher Corp 2.27%
Top 10 holdings, total: 45.53%


Top 10 holdings as of 02/29/20
1: Microsoft Corp 9.81%
2: Apple 7.49%
3: Amazon.Com 6.54%
4: Alphabet 4.72%
5: Visa 3.74%
6: Paypal Holdings 3.02%
7: Mastercard 2.80%
8: Salesforce.Com 2.68%
9: Adobe 2.46%
10: Danaher Corp 2.27%
Holdings represent 45.53% of portfolio
Top 10 holdings as of 01/31/20
1: Microsoft Corp 9.97%
2: Apple 8.26%
3: Amazon.Com 6.26%
4: Alphabet 4.75%
5: Visa 3.96%
6: Salesforce.Com 3.04%
7: Paypal Holdings 2.99%
8: Mastercard 2.86%
9: Danaher Corp 2.48%
10: Adobe 2.35%
Holdings represent 46.92% of portfolio
Top 10 holdings as of 12/31/19
1: Microsoft Corp 9.69%
2: Apple 7.91%
3: Amazon.Com 5.88%
4: Alphabet 4.60%
5: Visa 4.06%
6: Paypal Holdings 3.24%
7: Mastercard 2.95%
8: Salesforce.Com 2.83%
9: Danaher Corp 2.65%
10: Fidelity National Information Services 2.32%
Holdings represent 46.13% of portfolio
Top 10 holdings as of 11/30/19
1: Microsoft Corp 9.66%
2: Apple 7.33%
3: Amazon.Com 5.84%
4: Alphabet 4.57%
5: Visa 4.23%
6: Paypal Holdings 3.30%
7: Mastercard 2.94%
8: Salesforce.Com 2.89%
9: Danaher Corp 2.57%
10: Fidelity National Information Services 2.35%
Holdings represent 45.68% of portfolio


Portfolio Composition as of 02/29/20

Common stock 97.65%
Cash and net other assets 2.35%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

This fund concentrates its assets in fewer stocks, which can affect your fund's performance. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 02/29/20

Information technology 41.21%
Health care 13.67%
Consumer discretionary 13.47%
Industrials 11.05%
Communication services 9.81%
Financials 2.58%
Cash and net other assets 2.35%
Consumer staples 2.13%
Materials 1.95%
 
Other
1.78%
Real estate 1.78%