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 11/30/17

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 25% 38/153
1 yr. 47% 91/196
3 yrs. 61% 115/188
5 yrs. 36% 66/184

Risk Characteristics as of 11/30/17

Alpha (%) -2.25
Beta 1.07
R squared 0.96
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 11/30/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 94
Turnover (fiscal year end) 71%
Net Assets $802M
Inception Date 02/01/00

Holdings

Top 10 holdings as of 11/30/17

Amazon.Com 6.01%
Alphabet 5.88%
Microsoft Corp 5.09%
Apple 4.69%
Visa 4.63%
Facebook 4.00%
Becton Dickinson And 2.83%
Home Depot The 2.52%
Northrop Grumman Corp 2.48%
Bank Of America Corp 2.40%
Top 10 holdings, total: 40.53%

Equity Holdings as of 09/30/17

ALPHABET INC-CL C 6.29%
VISA INC-CLASS A SHARES 5.26%
AMAZON.COM INC 5.19%
MICROSOFT CORP 4.72%
FACEBOOK INC-A 4.39%
APPLE INC 4.24%
BECTON DICKINSON AND CO 2.54%
NORTHROP GRUMMAN CORP 2.43%
HOME DEPOT INC 2.40%
ALIBABA GROUP HOLDING-SP ADR 2.37%
NORFOLK SOUTHERN CORP 2.35%
BANK OF AMERICA CORP 2.26%
DANAHER CORP 1.97%
UNITEDHEALTH GROUP INC 1.71%
ADOBE SYSTEMS INC 1.66%
CELGENE CORP 1.57%
HEINEKEN NV 1.50%
SALESFORCE.COM INC 1.50%
BROADCOM LTD 1.48%
CHARTER COMMUNICATIONS INC-A 1.38%
INTUITIVE SURGICAL INC 1.35%
JOHNSON CONTROLS INTERNATION 1.32%
PAYPAL HOLDINGS INC 1.30%
BIOGEN INC 1.28%
PRICELINE GROUP INC/THE 1.27%
BOSTON SCIENTIFIC CORP 1.21%
COMCAST CORP-CLASS A 1.11%
LIVE NATION ENTERTAINMENT IN 1.09%
UNITED TECHNOLOGIES CORP 1.07%
AGILENT TECHNOLOGIES INC 1.00%
SHERWIN-WILLIAMS CO/THE 0.99%
HILTON WORLDWIDE HOLDINGS IN 0.95%
HUMANA INC 0.91%
ALBEMARLE CORP 0.87%
SCHWAB (CHARLES) CORP 0.87%
CUMMINS INC 0.86%
INTERCONTINENTAL EXCHANGE IN 0.86%
BLACKROCK INC 0.85%
TENCENT HOLDINGS LTD 0.85%
DOVER CORP 0.78%
SYMRISE AG 0.78%
VERTEX PHARMACEUTICALS INC 0.78%
FIDELITY NATIONAL INFO SERV 0.76%
FORTUNE BRANDS HOME & SECURI 0.74%
PULTEGROUP INC 0.72%
ADIDAS AG 0.71%
AIRBUS SE 0.71%
ACTIVISION BLIZZARD INC 0.69%
CONSTELLATION BRANDS INC-A 0.69%
MCCORMICK & CO-NON VTG SHRS 0.69%
UBER TECH INC P/P CV PFD 0.68%
EXPEDIA INC 0.67%
JAZZ PHARMACEUTICALS PLC 0.64%
PRUDENTIAL PLC 0.64%
MICRON TECHNOLOGY INC 0.62%
KLA-TENCOR CORP 0.60%
YUM CHINA HOLDINGS INC 0.60%
GAMING AND LEISURE PROPERTIE 0.59%
LAS VEGAS SANDS CORP 0.58%
NVIDIA CORP 0.57%
STMICROELECTRONICS NV-NY SHS 0.57%
SUNCOR ENERGY INC 0.55%
REGENERON PHARMACEUTICALS 0.52%
EOG RESOURCES INC 0.49%
BIOVERATIV INC 0.46%
SUMMIT MATERIALS INC -CL A 0.46%
FMC CORP 0.44%
ROCKWELL AUTOMATION INC 0.43%
MONSTER BEVERAGE CORP 0.41%
PLAINS GP HOLDINGS LP-CL A 0.38%
CAVIUM INC 0.37%
IHS MARKIT LTD 0.36%
PEGASYSTEMS INC 0.36%
ULTA BEAUTY INC 0.33%
BIO-RAD LABORATORIES-A 0.27%
DELIVERY HERO HOLDIN P/P 0.26%
DISH NETWORK CORP-A 0.25%
SELECT ENERGY SVCS-A-1 0.22%
OPORTUN FIN CORP P/P SERIES H PFD 0.15%
ENVEN ENERGY CORP - P/P 144A 0.11%
PIRELLI & C. SPA 0.10%
GLOBAL FASHION GRP P/P 0.07%
OPORTUN FIN G-1 PFD CV P/P 0.05%
TALEND SA - ADR 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F 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 ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 09/30/17

ALPHABET INC-CL C 6.29%
VISA INC-CLASS A SHARES 5.26%
AMAZON.COM INC 5.19%
MICROSOFT CORP 4.72%
FACEBOOK INC-A 4.39%
APPLE INC 4.24%
BECTON DICKINSON AND CO 2.54%
NORTHROP GRUMMAN CORP 2.43%
HOME DEPOT INC 2.40%
ALIBABA GROUP HOLDING-SP ADR 2.37%
NORFOLK SOUTHERN CORP 2.35%
BANK OF AMERICA CORP 2.26%
DANAHER CORP 1.97%
UNITEDHEALTH GROUP INC 1.71%
ADOBE SYSTEMS INC 1.66%
CELGENE CORP 1.57%
HEINEKEN NV 1.50%
SALESFORCE.COM INC 1.50%
BROADCOM LTD 1.48%
CHARTER COMMUNICATIONS INC-A 1.38%
INTUITIVE SURGICAL INC 1.35%
JOHNSON CONTROLS INTERNATION 1.32%
PAYPAL HOLDINGS INC 1.30%
BIOGEN INC 1.28%
PRICELINE GROUP INC/THE 1.27%
BOSTON SCIENTIFIC CORP 1.21%
COMCAST CORP-CLASS A 1.11%
LIVE NATION ENTERTAINMENT IN 1.09%
UNITED TECHNOLOGIES CORP 1.07%
AGILENT TECHNOLOGIES INC 1.00%
SHERWIN-WILLIAMS CO/THE 0.99%
HILTON WORLDWIDE HOLDINGS IN 0.95%
HUMANA INC 0.91%
ALBEMARLE CORP 0.87%
SCHWAB (CHARLES) CORP 0.87%
CUMMINS INC 0.86%
INTERCONTINENTAL EXCHANGE IN 0.86%
BLACKROCK INC 0.85%
TENCENT HOLDINGS LTD 0.85%
DOVER CORP 0.78%
SYMRISE AG 0.78%
VERTEX PHARMACEUTICALS INC 0.78%
FIDELITY NATIONAL INFO SERV 0.76%
FORTUNE BRANDS HOME & SECURI 0.74%
PULTEGROUP INC 0.72%
ADIDAS AG 0.71%
AIRBUS SE 0.71%
ACTIVISION BLIZZARD INC 0.69%
CONSTELLATION BRANDS INC-A 0.69%
MCCORMICK & CO-NON VTG SHRS 0.69%
UBER TECH INC P/P CV PFD 0.68%
EXPEDIA INC 0.67%
JAZZ PHARMACEUTICALS PLC 0.64%
PRUDENTIAL PLC 0.64%
MICRON TECHNOLOGY INC 0.62%
KLA-TENCOR CORP 0.60%
YUM CHINA HOLDINGS INC 0.60%
GAMING AND LEISURE PROPERTIE 0.59%
LAS VEGAS SANDS CORP 0.58%
NVIDIA CORP 0.57%
STMICROELECTRONICS NV-NY SHS 0.57%
SUNCOR ENERGY INC 0.55%
REGENERON PHARMACEUTICALS 0.52%
EOG RESOURCES INC 0.49%
BIOVERATIV INC 0.46%
SUMMIT MATERIALS INC -CL A 0.46%
FMC CORP 0.44%
ROCKWELL AUTOMATION INC 0.43%
MONSTER BEVERAGE CORP 0.41%
PLAINS GP HOLDINGS LP-CL A 0.38%
CAVIUM INC 0.37%
IHS MARKIT LTD 0.36%
PEGASYSTEMS INC 0.36%
ULTA BEAUTY INC 0.33%
BIO-RAD LABORATORIES-A 0.27%
DELIVERY HERO HOLDIN P/P 0.26%
DISH NETWORK CORP-A 0.25%
SELECT ENERGY SVCS-A-1 0.22%
OPORTUN FIN CORP P/P SERIES H PFD 0.15%
ENVEN ENERGY CORP - P/P 144A 0.11%
PIRELLI & C. SPA 0.10%
GLOBAL FASHION GRP P/P 0.07%
OPORTUN FIN G-1 PFD CV P/P 0.05%
TALEND SA - ADR 0.05%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN C-1 PFD CV P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F 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 12/20/2017 SSBT 0.00%
FABFURNISH GMBH P/P 0.00%
NASDAQ 100 E-MINI DEC17 NQZ7 0.00%
NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
S&P500 EMINI FUT DEC17 ESZ7 0.00%
EUR/USD 12/20/2017 UBS -0.01%
GBP/USD 12/20/2017 BANKAM -0.01%
EUR/USD 12/20/2017 JPMCB -0.02%
HONG KONG DOLLAR CALL ACCOUNT -0.05%
THE EURO EUR CALL ACCOUNT -0.12%

Prior top 10 holdings

Top 10 holdings as of 11/30/17
1: Amazon.Com 6.01%
2: Alphabet 5.88%
3: Microsoft Corp 5.09%
4: Apple 4.69%
5: Visa 4.63%
6: Facebook 4.00%
7: Becton Dickinson And 2.83%
8: Home Depot The 2.52%
9: Northrop Grumman Corp 2.48%
10: Bank Of America Corp 2.40%
Holdings represent 40.53% of portfolio
Top 10 holdings as of 10/31/17
1: Alphabet 6.44%
2: Amazon.Com 5.72%
3: Visa 5.32%
4: Microsoft Corp 5.09%
5: Apple 4.50%
6: Facebook 4.47%
7: Becton Dickinson And 2.62%
8: Alibaba Group Holding 2.51%
9: Northrop Grumman Corp 2.42%
10: Bank Of America Corp 2.36%
Holdings represent 41.45% of portfolio
Top 10 holdings as of 09/30/17
1: Alphabet 6.29%
2: Visa 5.26%
3: Amazon.Com 5.19%
4: Microsoft Corp 4.72%
5: Facebook 4.39%
6: Apple 4.24%
7: Becton Dickinson And 2.54%
8: Northrop Grumman Corp 2.43%
9: Home Depot The 2.40%
10: Alibaba Group Holding 2.37%
Holdings represent 39.83% of portfolio
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

Portfolio Composition as of 11/30/17

Common stock 97.39%
Cash and net other assets 1.71%
Convertible preferred stock 0.90%

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 11/30/17

Information technology 38.07%
Consumer discretionary 16.56%
Health care 15.10%
Industrials 10.93%
Financials 6.76%
Consumer staples 3.80%
Materials 3.70%
Energy 1.97%
Cash and net other assets 1.71%
 
Other
1.40%
Real estate 1.40%