Putnam Hartford 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. companiesA large-company focus: The fund invests in large U.S. companies, targeting those with a competitive edge in markets around the world and the potential to produce strong profits.A rigorous process: The fund's manager uses rigorous fundamental investment research to find opportunities and manage risk.A focus on quality: The manager seeks companies with solid management, sound financials, and products or services that are benefiting from growing demand.

Management team

Lipper ranking ‡ as of 08/31/17

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 37% 57/155
1 yr. 36% 71/201
3 yrs. 65% 127/197
5 yrs. 37% 70/193

Risk Characteristics as of 08/31/17

Alpha (%) -2.05
Beta 1.07
R squared 0.97
Standard deviation (3 yrs.) 11.61

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 08/31/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 95
Turnover (fiscal year end) 71%
Net Assets $761M
Inception Date 02/01/00

Holdings

Top 10 holdings as of 08/31/17

Alphabet 6.19%
Amazon.Com 5.32%
Visa 5.20%
Apple 5.01%
Microsoft Corp 4.76%
Facebook 4.44%
Becton Dickinson And 2.78%
Alibaba Group Holding 2.37%
Norfolk Southern Corp 2.35%
Northrop Grumman Corp 2.31%
Top 10 holdings, total: 40.73%

Equity Holdings as of 06/30/17

ALPHABET INC-CL C 6.18%
AMAZON.COM INC 5.42%
VISA INC-CLASS A SHARES 4.87%
APPLE INC 4.75%
MICROSOFT CORP 4.53%
FACEBOOK INC-A 3.59%
NORFOLK SOUTHERN CORP 2.77%
BECTON DICKINSON AND CO 2.63%
NORTHROP GRUMMAN CORP 2.36%
HOME DEPOT INC 2.34%
ALIBABA GROUP HOLDING-SP ADR 2.01%
DANAHER CORP 2.01%
WALGREENS BOOTS ALLIANCE INC 1.76%
BANK OF AMERICA CORP 1.75%
ADOBE SYSTEMS INC 1.63%
UNITEDHEALTH GROUP INC 1.55%
CELGENE CORP 1.52%
BROADCOM LTD 1.48%
AGILENT TECHNOLOGIES INC 1.45%
SALESFORCE.COM INC 1.44%
JOHNSON CONTROLS INTERNATION 1.35%
BIOGEN INC 1.34%
PRICELINE GROUP INC/THE 1.34%
INTUITIVE SURGICAL INC 1.25%
BOSTON SCIENTIFIC CORP 1.19%
UNITED TECHNOLOGIES CORP 1.17%
COMCAST CORP-CLASS A 1.16%
CHARTER COMMUNICATIONS INC-A 1.09%
PEPSICO INC 1.08%
SCHWAB (CHARLES) CORP 1.03%
SHERWIN-WILLIAMS CO/THE 1.01%
CONSTELLATION BRANDS INC-A 0.99%
SYMRISE AG 0.96%
HUMANA INC 0.93%
LIVE NATION ENTERTAINMENT IN 0.91%
ALBEMARLE CORP 0.87%
HILTON WORLDWIDE HOLDINGS IN 0.87%
APPLIED MATERIALS INC 0.81%
SYNCHRONY FINANCIAL 0.77%
FIDELITY NATIONAL INFO SERV 0.76%
HALLIBURTON CO 0.73%
INVESCO LTD 0.72%
JAZZ PHARMACEUTICALS PLC 0.71%
UBER TECH INC P/P CV PFD 0.71%
WALT DISNEY CO/THE 0.71%
FORTUNE BRANDS HOME & SECURI 0.70%
SEALED AIR CORP 0.70%
PULTEGROUP INC 0.67%
TENCENT HOLDINGS LTD 0.65%
AIRBUS SE 0.64%
EXPEDIA INC 0.63%
GAMING AND LEISURE PROPERTIE 0.63%
ADIDAS AG 0.62%
CUMMINS INC 0.61%
IHS MARKIT LTD 0.61%
LAS VEGAS SANDS CORP 0.60%
DOVER CORP 0.59%
REGENERON PHARMACEUTICALS 0.59%
PRUDENTIAL PLC 0.57%
MONSTER BEVERAGE CORP 0.55%
WASTE CONNECTIONS INC 0.54%
DXC TECHNOLOGY CO 0.48%
EOG RESOURCES INC 0.48%
DAVE & BUSTER'S ENTERTAINMEN 0.47%
NVIDIA CORP 0.47%
PLAINS GP HOLDINGS LP-CL A 0.47%
SUNCOR ENERGY INC 0.47%
SUMMIT MATERIALS INC -CL A 0.43%
ULTA BEAUTY INC 0.43%
MICRON TECHNOLOGY INC 0.41%
YUM CHINA HOLDINGS INC 0.40%
COLGATE-PALMOLIVE CO 0.39%
KLA-TENCOR CORP 0.38%
HAMILTON LANE INC-CLASS A 0.33%
ROCKWELL AUTOMATION INC 0.31%
DISH NETWORK CORP-A 0.30%
BIOVERATIV INC 0.28%
BIO-RAD LABORATORIES-A 0.26%
CAVIUM INC 0.26%
DELIVERY HERO HOLDIN P/P 0.22%
T-MOBILE US INC 0.20%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
OPORTUN FIN CORP P/P SERIES H PFD 0.18%
SELECT ENERGY SVCS 0.18%
PEGASYSTEMS INC 0.15%
ENVEN ENERGY CORP - P/P 144A 0.12%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN G-1 PFD CV P/P 0.06%
OPORTUN FIN CORP P/P 0.05%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN F PFD CV P/P 0.02%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN E-1 PFD CV P/P 0.01%
ENVEN ENERGY CORP-CW P/P 144A 0.00%
ENVEN ENERGY CORP-CW P/P 144A 0.00%
FABFURNISH GMBH P/P 0.00%
NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 06/30/17

ALPHABET INC-CL C 6.18%
AMAZON.COM INC 5.42%
VISA INC-CLASS A SHARES 4.87%
APPLE INC 4.75%
MICROSOFT CORP 4.53%
FACEBOOK INC-A 3.59%
NORFOLK SOUTHERN CORP 2.77%
BECTON DICKINSON AND CO 2.63%
NORTHROP GRUMMAN CORP 2.36%
HOME DEPOT INC 2.34%
ALIBABA GROUP HOLDING-SP ADR 2.01%
DANAHER CORP 2.01%
WALGREENS BOOTS ALLIANCE INC 1.76%
BANK OF AMERICA CORP 1.75%
ADOBE SYSTEMS INC 1.63%
UNITEDHEALTH GROUP INC 1.55%
CELGENE CORP 1.52%
BROADCOM LTD 1.48%
AGILENT TECHNOLOGIES INC 1.45%
SALESFORCE.COM INC 1.44%
JOHNSON CONTROLS INTERNATION 1.35%
BIOGEN INC 1.34%
PRICELINE GROUP INC/THE 1.34%
INTUITIVE SURGICAL INC 1.25%
BOSTON SCIENTIFIC CORP 1.19%
UNITED TECHNOLOGIES CORP 1.17%
COMCAST CORP-CLASS A 1.16%
CHARTER COMMUNICATIONS INC-A 1.09%
PEPSICO INC 1.08%
SCHWAB (CHARLES) CORP 1.03%
SHERWIN-WILLIAMS CO/THE 1.01%
CONSTELLATION BRANDS INC-A 0.99%
SYMRISE AG 0.96%
HUMANA INC 0.93%
LIVE NATION ENTERTAINMENT IN 0.91%
ALBEMARLE CORP 0.87%
HILTON WORLDWIDE HOLDINGS IN 0.87%
APPLIED MATERIALS INC 0.81%
SYNCHRONY FINANCIAL 0.77%
FIDELITY NATIONAL INFO SERV 0.76%
HALLIBURTON CO 0.73%
INVESCO LTD 0.72%
JAZZ PHARMACEUTICALS PLC 0.71%
UBER TECH INC P/P CV PFD 0.71%
WALT DISNEY CO/THE 0.71%
FORTUNE BRANDS HOME & SECURI 0.70%
SEALED AIR CORP 0.70%
PULTEGROUP INC 0.67%
TENCENT HOLDINGS LTD 0.65%
AIRBUS SE 0.64%
EXPEDIA INC 0.63%
GAMING AND LEISURE PROPERTIE 0.63%
ADIDAS AG 0.62%
CUMMINS INC 0.61%
IHS MARKIT LTD 0.61%
LAS VEGAS SANDS CORP 0.60%
DOVER CORP 0.59%
REGENERON PHARMACEUTICALS 0.59%
PRUDENTIAL PLC 0.57%
MONSTER BEVERAGE CORP 0.55%
WASTE CONNECTIONS INC 0.54%
DXC TECHNOLOGY CO 0.48%
EOG RESOURCES INC 0.48%
DAVE & BUSTER'S ENTERTAINMEN 0.47%
NVIDIA CORP 0.47%
PLAINS GP HOLDINGS LP-CL A 0.47%
SUNCOR ENERGY INC 0.47%
SUMMIT MATERIALS INC -CL A 0.43%
ULTA BEAUTY INC 0.43%
MICRON TECHNOLOGY INC 0.41%
YUM CHINA HOLDINGS INC 0.40%
COLGATE-PALMOLIVE CO 0.39%
KLA-TENCOR CORP 0.38%
HAMILTON LANE INC-CLASS A 0.33%
ROCKWELL AUTOMATION INC 0.31%
DISH NETWORK CORP-A 0.30%
BIOVERATIV INC 0.28%
BIO-RAD LABORATORIES-A 0.26%
CAVIUM INC 0.26%
DELIVERY HERO HOLDIN P/P 0.22%
T-MOBILE US INC 0.20%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
OPORTUN FIN CORP P/P SERIES H PFD 0.18%
SELECT ENERGY SVCS 0.18%
PEGASYSTEMS INC 0.15%
ENVEN ENERGY CORP - P/P 144A 0.12%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN G-1 PFD CV P/P 0.06%
OPORTUN FIN CORP P/P 0.05%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN F PFD CV P/P 0.02%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN E-1 PFD CV P/P 0.01%
CANADIAN DOLLAR ACCOUNT 0.00%
ENVEN ENERGY CORP-CW P/P 144A 0.00%
ENVEN ENERGY CORP-CW P/P 144A 0.00%
EUR/USD 09/20/2017 SSBT 0.00%
EUR/USD 09/20/2017 UBS 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 09/20/2017 BANKAM 0.00%
HONG KONG DOLLAR CALL ACCOUNT 0.00%
NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT 0.00%
NEW BIGFOOT OTHER AS P/P 0.00%
NEW MIDDLE EAST OTHE P/P 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
S&P500 EMINI FUT SEP17 ESU7 0.00%
EUR/USD 09/20/2017 JPMCB -0.01%
NASDAQ 100 E-MINI SEP17 NQU7 -0.01%

Prior top 10 holdings

Top 10 holdings as of 08/31/17
1: Alphabet 6.19%
2: Amazon.Com 5.32%
3: Visa 5.20%
4: Apple 5.01%
5: Microsoft Corp 4.76%
6: Facebook 4.44%
7: Becton Dickinson And 2.78%
8: Alibaba Group Holding 2.37%
9: Norfolk Southern Corp 2.35%
10: Northrop Grumman Corp 2.31%
Holdings represent 40.73% of portfolio
Top 10 holdings as of 07/31/17
1: Alphabet 6.21%
2: Amazon 5.43%
3: Visa 5.07%
4: Microsoft 4.69%
5: Apple 4.60%
6: Facebook 4.42%
7: Becton Dickinson And 2.84%
8: Norfolk Southern 2.52%
9: Northrop Grumman 2.38%
10: Home Depot 2.23%
Holdings represent 40.39% of portfolio
Top 10 holdings as of 06/30/17
1: Alphabet 6.18%
2: Amazon 5.42%
3: Visa 4.87%
4: Apple 4.75%
5: Microsoft 4.53%
6: Facebook 3.59%
7: Becton Dickinson And 2.81%
8: Norfolk Southern 2.77%
9: Northrop Grumman 2.36%
10: Home Depot The 2.34%
Holdings represent 39.62% of portfolio
Top 10 holdings as of 05/31/17
1: Alphabet 6.48%
2: Amazon 5.50%
3: Apple 4.98%
4: Visa 4.88%
5: Microsoft 4.53%
6: Facebook 3.55%
7: Norfolk Southern Corp 2.79%
8: Becton Dickinson And 2.69%
9: Northrop Grumman Corp 2.36%
10: Home Depot 2.31%
Holdings represent 40.07% of portfolio

Portfolio Composition as of 08/31/17

Common stock 97.95%
Convertible preferred stock 1.13%
Cash and net other assets 0.92%

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 08/31/17

Information technology 38.91%
Consumer discretionary 17.83%
Health care 16.43%
Industrials 10.83%
Financials 5.02%
Consumer staples 3.97%
Materials 3.83%
Energy 1.63%
Cash and net other assets 0.92%
 
Other
0.63%
Real estate 0.63%