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 04/30/18

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 33% 53/162
1 yr. 49% 100/205
3 yrs. 59% 115/196
5 yrs. 42% 80/194

Risk Characteristics as of 04/30/18

Alpha (%) -1.56
Beta 1.10
R squared 0.96
Standard deviation (3 yrs.) 12.23

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 04/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 78
Turnover (fiscal year end) 59%
Net Assets $791M
Inception Date 02/01/00

Holdings

Top 10 holdings as of 04/30/18

Amazon.Com 7.12%
Microsoft Corp 6.71%
Alphabet 5.70%
Visa 4.88%
Apple 4.47%
BD Medical 2.94%
Home Depot The 2.56%
Paypal Holdings 2.47%
UnitedHealth Group 2.43%
Charter Communications 2.36%
Top 10 holdings, total: 41.64%

Equity Holdings as of 03/31/18

AMAZON.COM INC 6.56%
MICROSOFT CORP 6.52%
ALPHABET INC-CL C 5.76%
VISA INC-CLASS A SHARES 4.58%
APPLE INC 4.52%
BECTON DICKINSON AND CO 2.74%
PAYPAL HOLDINGS INC 2.50%
HOME DEPOT INC 2.46%
UNITEDHEALTH GROUP INC 2.19%
CHARTER COMMUNICATIONS INC-A 2.12%
ALIBABA GROUP HOLDING-SP ADR 2.10%
DANAHER CORP 2.05%
BOEING CO/THE 2.04%
NORTHROP GRUMMAN CORP 1.99%
SALESFORCE.COM INC 1.81%
ADOBE SYSTEMS INC 1.79%
FACEBOOK INC-A 1.78%
INTERCONTINENTAL EXCHANGE IN 1.66%
VERTEX PHARMACEUTICALS INC 1.65%
SERVICENOW INC 1.64%
NORFOLK SOUTHERN CORP 1.55%
NETFLIX INC 1.54%
BANK OF AMERICA CORP 1.50%
BLACKROCK INC 1.49%
HEINEKEN NV 1.46%
AMERICAN TOWER CORP 1.44%
SHERWIN-WILLIAMS CO/THE 1.39%
MCCORMICK & CO-NON VTG SHRS 1.33%
FORTIVE CORP 1.32%
BOOKING HOLDINGS INC 1.29%
WYNN RESORTS LTD 1.28%
PRAXAIR INC 1.27%
BRISTOL-MYERS SQUIBB CO 1.19%
INTUITIVE SURGICAL INC 1.18%
ACTIVISION BLIZZARD INC 1.16%
BOSTON SCIENTIFIC CORP 1.07%
ROCKWELL AUTOMATION INC 1.02%
METTLER-TOLEDO INTERNATIONAL 0.98%
LIVE NATION ENTERTAINMENT IN 0.96%
EQUINIX INC 0.93%
HILTON WORLDWIDE HOLDINGS IN 0.85%
WASTE CONNECTIONS INC 0.83%
PRUDENTIAL PLC 0.82%
COSTAR GROUP INC 0.81%
ROPER TECHNOLOGIES INC 0.81%
NVIDIA CORP 0.77%
FORTUNE BRANDS HOME & SECURI 0.76%
YUM CHINA HOLDINGS INC 0.76%
ALEXION PHARMACEUTICALS INC 0.75%
TRANSDIGM GROUP INC 0.67%
SMITH (A.O.) CORP 0.66%
ADIDAS AG 0.64%
HUNT (JB) TRANSPRT SVCS INC 0.61%
PIRELLI & C SPA 0.56%
KION GROUP AG 0.55%
SUMMIT MATERIALS INC -CL A 0.52%
CONSTELLATION BRANDS INC-A 0.51%
LIBERTY MEDIA CORP-LIBERTY-C 0.50%
TENCENT HOLDINGS LTD 0.49%
UBER TECH INC P/P CV PFD 0.49%
ON SEMICONDUCTOR CORP 0.48%
STMICROELECTRONICS NV-NY SHS 0.43%
OKTA INC 0.36%
FMC CORP 0.31%
DISH NETWORK CORP-A 0.16%
JAZZ PHARMACEUTICALS PLC 0.16%
DEVON ENERGY CORP 0.14%
OPORTUN FIN CORP P/P SERIES H PFD 0.12%
ENVEN ENERGY CORP - P/P 144A 0.11%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
SELECT ENERGY SVCS-A-1 0.03%
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%
HC BRILLANT SERVICES 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 C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%

Full Portfolio Holdings as of 03/31/18

AMAZON.COM INC 6.56%
MICROSOFT CORP 6.52%
ALPHABET INC-CL C 5.76%
VISA INC-CLASS A SHARES 4.58%
APPLE INC 4.52%
BECTON DICKINSON AND CO 2.74%
PAYPAL HOLDINGS INC 2.50%
HOME DEPOT INC 2.46%
UNITEDHEALTH GROUP INC 2.19%
CHARTER COMMUNICATIONS INC-A 2.12%
ALIBABA GROUP HOLDING-SP ADR 2.10%
DANAHER CORP 2.05%
BOEING CO/THE 2.04%
NORTHROP GRUMMAN CORP 1.99%
SALESFORCE.COM INC 1.81%
ADOBE SYSTEMS INC 1.79%
FACEBOOK INC-A 1.78%
INTERCONTINENTAL EXCHANGE IN 1.66%
VERTEX PHARMACEUTICALS INC 1.65%
SERVICENOW INC 1.64%
NORFOLK SOUTHERN CORP 1.55%
NETFLIX INC 1.54%
BANK OF AMERICA CORP 1.50%
BLACKROCK INC 1.49%
HEINEKEN NV 1.46%
AMERICAN TOWER CORP 1.44%
SHERWIN-WILLIAMS CO/THE 1.39%
MCCORMICK & CO-NON VTG SHRS 1.33%
FORTIVE CORP 1.32%
BOOKING HOLDINGS INC 1.29%
WYNN RESORTS LTD 1.28%
PRAXAIR INC 1.27%
BRISTOL-MYERS SQUIBB CO 1.19%
INTUITIVE SURGICAL INC 1.18%
ACTIVISION BLIZZARD INC 1.16%
BOSTON SCIENTIFIC CORP 1.07%
ROCKWELL AUTOMATION INC 1.02%
METTLER-TOLEDO INTERNATIONAL 0.98%
LIVE NATION ENTERTAINMENT IN 0.96%
EQUINIX INC 0.93%
HILTON WORLDWIDE HOLDINGS IN 0.85%
WASTE CONNECTIONS INC 0.83%
PRUDENTIAL PLC 0.82%
COSTAR GROUP INC 0.81%
ROPER TECHNOLOGIES INC 0.81%
NVIDIA CORP 0.77%
FORTUNE BRANDS HOME & SECURI 0.76%
YUM CHINA HOLDINGS INC 0.76%
ALEXION PHARMACEUTICALS INC 0.75%
TRANSDIGM GROUP INC 0.67%
SMITH (A.O.) CORP 0.66%
ADIDAS AG 0.64%
HUNT (JB) TRANSPRT SVCS INC 0.61%
PIRELLI & C SPA 0.56%
KION GROUP AG 0.55%
SUMMIT MATERIALS INC -CL A 0.52%
CONSTELLATION BRANDS INC-A 0.51%
LIBERTY MEDIA CORP-LIBERTY-C 0.50%
TENCENT HOLDINGS LTD 0.49%
UBER TECH INC P/P CV PFD 0.49%
ON SEMICONDUCTOR CORP 0.48%
STMICROELECTRONICS NV-NY SHS 0.43%
OKTA INC 0.36%
FMC CORP 0.31%
DISH NETWORK CORP-A 0.16%
JAZZ PHARMACEUTICALS PLC 0.16%
DEVON ENERGY CORP 0.14%
OPORTUN FIN CORP P/P SERIES H PFD 0.12%
ENVEN ENERGY CORP - P/P 144A 0.11%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
SELECT ENERGY SVCS-A-1 0.03%
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 06/20/2018 SSBT 0.00%
EUR/USD 06/20/2018 UBS 0.00%
GBP/USD 06/20/2018 BANKAM 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HONG KONG DOLLAR CALL ACCOUNT 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 C-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 JUN18 ESM8 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
EUR/USD 06/20/2018 JPMCB -0.01%

Prior top 10 holdings

Top 10 holdings as of 04/30/18
1: Amazon.Com 7.12%
2: Microsoft Corp 6.71%
3: Alphabet 5.70%
4: Visa 4.88%
5: Apple 4.47%
6: BD Medical 2.94%
7: Home Depot The 2.56%
8: Paypal Holdings 2.47%
9: UnitedHealth Group 2.43%
10: Charter Communications 2.36%
Holdings represent 41.64% of portfolio
Top 10 holdings as of 03/31/18
1: Amazon.Com 7.18%
2: Microsoft Corp 6.50%
3: Alphabet 5.76%
4: Visa 4.58%
5: Apple 4.52%
6: BD Medical 2.58%
7: Paypal Holdings 2.50%
8: Home Depot The 2.46%
9: UnitedHealth Group 2.19%
10: Alibaba Group Holding 2.10%
Holdings represent 40.37% of portfolio
Top 10 holdings as of 02/28/18
1: Amazon.Com 7.24%
2: Microsoft Corp 6.24%
3: Alphabet 6.07%
4: Visa 4.81%
5: Apple 4.63%
6: Home Depot The 2.52%
7: BD Medical 2.49%
8: Facebook 2.49%
9: Paypal Holdings 2.47%
10: UnitedHealth Group 2.26%
Holdings represent 41.22% of portfolio
Top 10 holdings as of 01/31/18
1: Amazon 6.79%
2: Alphabet 6.21%
3: Microsoft 6.01%
4: Visa 4.69%
5: Apple 4.20%
6: Facebook 3.16%
7: Norfolk Southern Corp 2.64%
8: Home Depot 2.56%
9: BD Medical 2.54%
10: Bank of America 2.47%
Holdings represent 41.27% of portfolio

Portfolio Composition as of 04/30/18

Common stock 99.96%
Convertible preferred stock 0.72%
Cash and net other assets -0.68%

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 04/30/18

Information technology 36.75%
Consumer discretionary 20.93%
Health care 14.27%
Industrials 12.91%
Financials 5.64%
Materials 4.10%
Consumer staples 3.53%
Real estate 2.43%
Energy 0.12%
 
Other
-0.68%
Cash and net other assets -0.68%