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 03/31/18

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 35% 56/162
1 yr. 51% 104/205
3 yrs. 58% 114/196
5 yrs. 44% 83/192

Risk Characteristics as of 03/31/18

Alpha (%) -2.02
Beta 1.11
R squared 0.96
Standard deviation (3 yrs.) 12.26

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 03/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 83
Turnover (fiscal year end) 59%
Net Assets $794M
Inception Date 02/01/00

Holdings

Top 10 holdings as of 03/31/18

Amazon.Com 7.18%
Microsoft Corp 6.50%
Alphabet 5.76%
Visa 4.58%
Apple 4.52%
BD Medical 2.58%
Paypal Holdings 2.50%
Home Depot The 2.46%
UnitedHealth Group 2.19%
Alibaba Group Holding 2.10%
Top 10 holdings, total: 40.37%

Equity Holdings as of 12/31/17

ALPHABET INC-CL C 6.03%
AMAZON.COM INC 5.94%
MICROSOFT CORP 5.06%
VISA INC-CLASS A SHARES 4.68%
APPLE INC 4.62%
FACEBOOK INC-A 3.88%
NORFOLK SOUTHERN CORP 2.78%
HOME DEPOT INC 2.61%
BANK OF AMERICA CORP 2.46%
BECTON DICKINSON AND CO 2.45%
UNITEDHEALTH GROUP INC 2.02%
NORTHROP GRUMMAN CORP 2.01%
ALIBABA GROUP HOLDING-SP ADR 2.00%
PAYPAL HOLDINGS INC 1.98%
DANAHER CORP 1.97%
HEINEKEN NV 1.90%
SALESFORCE.COM INC 1.62%
ADOBE SYSTEMS INC 1.48%
BROADCOM LTD 1.45%
MCCORMICK & CO-NON VTG SHRS 1.30%
BOEING CO/THE 1.29%
BOSTON SCIENTIFIC CORP 1.28%
BIOGEN INC 1.24%
MCKESSON CORP 1.22%
SHERWIN-WILLIAMS CO/THE 1.10%
UNITED TECHNOLOGIES CORP 1.09%
HILTON WORLDWIDE HOLDINGS IN 1.07%
VERTEX PHARMACEUTICALS INC 1.05%
BLACKROCK INC 1.04%
DOVER CORP 1.04%
SUNCOR ENERGY INC 1.02%
LIVE NATION ENTERTAINMENT IN 0.97%
CHARTER COMMUNICATIONS INC-A 0.94%
SCHWAB (CHARLES) CORP 0.94%
INTERCONTINENTAL EXCHANGE IN 0.93%
AMERICAN TOWER CORP 0.90%
DEVON ENERGY CORP 0.89%
PRAXAIR INC 0.87%
CONSTELLATION BRANDS INC-A 0.85%
HUMANA INC 0.85%
PRICELINE GROUP INC/THE 0.84%
FORTUNE BRANDS HOME & SECURI 0.78%
EQUINIX INC 0.73%
ADIDAS AG 0.70%
INTUITIVE SURGICAL INC 0.69%
ROPER TECHNOLOGIES INC 0.69%
FMC CORP 0.68%
LAS VEGAS SANDS CORP 0.67%
STMICROELECTRONICS NV-NY SHS 0.65%
PRUDENTIAL PLC 0.64%
FORTIVE CORP 0.63%
SUMMIT MATERIALS INC -CL A 0.63%
YUM CHINA HOLDINGS INC 0.62%
UBER TECH INC P/P CV PFD 0.59%
PULTEGROUP INC 0.58%
NETFLIX INC 0.57%
NVIDIA CORP 0.57%
ROCKWELL AUTOMATION INC 0.56%
ACTIVISION BLIZZARD INC 0.55%
JAZZ PHARMACEUTICALS PLC 0.55%
PIRELLI & C SPA 0.54%
SERVICENOW INC 0.52%
ABBVIE INC 0.50%
AGILENT TECHNOLOGIES INC 0.49%
ALBEMARLE CORP 0.47%
TENCENT HOLDINGS LTD 0.47%
KION GROUP AG 0.44%
APPLIED MATERIALS INC 0.41%
BIOVERATIV INC 0.41%
PLAINS GP HOLDINGS LP-CL A 0.41%
MICRON TECHNOLOGY INC 0.37%
DELIVERY HERO AG 0.28%
BIO-RAD LABORATORIES-A 0.27%
SELECT ENERGY SVCS-A-1 0.25%
TALEND SA - ADR 0.24%
DISH NETWORK CORP-A 0.21%
YY INC-ADR 0.21%
MONSTER BEVERAGE CORP 0.18%
OPORTUN FIN CORP P/P SERIES H PFD 0.14%
ENVEN ENERGY CORP - P/P 144A 0.11%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN G-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 12/31/17

ALPHABET INC-CL C 6.03%
AMAZON.COM INC 5.94%
MICROSOFT CORP 5.06%
VISA INC-CLASS A SHARES 4.68%
APPLE INC 4.62%
FACEBOOK INC-A 3.88%
NORFOLK SOUTHERN CORP 2.78%
HOME DEPOT INC 2.61%
BANK OF AMERICA CORP 2.46%
BECTON DICKINSON AND CO 2.45%
UNITEDHEALTH GROUP INC 2.02%
NORTHROP GRUMMAN CORP 2.01%
ALIBABA GROUP HOLDING-SP ADR 2.00%
PAYPAL HOLDINGS INC 1.98%
DANAHER CORP 1.97%
HEINEKEN NV 1.90%
SALESFORCE.COM INC 1.62%
ADOBE SYSTEMS INC 1.48%
BROADCOM LTD 1.45%
MCCORMICK & CO-NON VTG SHRS 1.30%
BOEING CO/THE 1.29%
BOSTON SCIENTIFIC CORP 1.28%
BIOGEN INC 1.24%
MCKESSON CORP 1.22%
SHERWIN-WILLIAMS CO/THE 1.10%
UNITED TECHNOLOGIES CORP 1.09%
HILTON WORLDWIDE HOLDINGS IN 1.07%
VERTEX PHARMACEUTICALS INC 1.05%
BLACKROCK INC 1.04%
DOVER CORP 1.04%
SUNCOR ENERGY INC 1.02%
LIVE NATION ENTERTAINMENT IN 0.97%
CHARTER COMMUNICATIONS INC-A 0.94%
SCHWAB (CHARLES) CORP 0.94%
INTERCONTINENTAL EXCHANGE IN 0.93%
AMERICAN TOWER CORP 0.90%
DEVON ENERGY CORP 0.89%
PRAXAIR INC 0.87%
CONSTELLATION BRANDS INC-A 0.85%
HUMANA INC 0.85%
PRICELINE GROUP INC/THE 0.84%
FORTUNE BRANDS HOME & SECURI 0.78%
EQUINIX INC 0.73%
ADIDAS AG 0.70%
INTUITIVE SURGICAL INC 0.69%
ROPER TECHNOLOGIES INC 0.69%
FMC CORP 0.68%
LAS VEGAS SANDS CORP 0.67%
STMICROELECTRONICS NV-NY SHS 0.65%
PRUDENTIAL PLC 0.64%
FORTIVE CORP 0.63%
SUMMIT MATERIALS INC -CL A 0.63%
YUM CHINA HOLDINGS INC 0.62%
UBER TECH INC P/P CV PFD 0.59%
PULTEGROUP INC 0.58%
NETFLIX INC 0.57%
NVIDIA CORP 0.57%
ROCKWELL AUTOMATION INC 0.56%
ACTIVISION BLIZZARD INC 0.55%
JAZZ PHARMACEUTICALS PLC 0.55%
PIRELLI & C SPA 0.54%
SERVICENOW INC 0.52%
FINANCIAL SELECT SECTOR SPDR 0.51%
ABBVIE INC 0.50%
AGILENT TECHNOLOGIES INC 0.49%
ALBEMARLE CORP 0.47%
TENCENT HOLDINGS LTD 0.47%
KION GROUP AG 0.44%
APPLIED MATERIALS INC 0.41%
BIOVERATIV INC 0.41%
PLAINS GP HOLDINGS LP-CL A 0.41%
MICRON TECHNOLOGY INC 0.37%
DELIVERY HERO AG 0.28%
BIO-RAD LABORATORIES-A 0.27%
SELECT ENERGY SVCS-A-1 0.25%
TALEND SA - ADR 0.24%
DISH NETWORK CORP-A 0.21%
YY INC-ADR 0.21%
MONSTER BEVERAGE CORP 0.18%
OPORTUN FIN CORP P/P SERIES H PFD 0.14%
ENVEN ENERGY CORP - P/P 144A 0.11%
GLOBAL FASHION GRP P/P 0.06%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.04%
OPORTUN FIN G-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 03/21/2018 JPMCB 0.00%
EUR/USD 03/21/2018 SSBT 0.00%
EUR/USD 03/21/2018 UBS 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 03/21/2018 BANKAM 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 E-1 PFD CV P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
S&P500 EMINI FUT MAR18 ESH8 0.00%

Prior top 10 holdings

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
Top 10 holdings as of 12/31/17
1: Alphabet 6.03%
2: Amazon.Com 5.94%
3: Microsoft Corp 5.06%
4: Visa 4.68%
5: Apple 4.62%
6: Facebook 3.88%
7: Norfolk Southern Corp 2.78%
8: Home Depot The 2.61%
9: Bank Of America Corp 2.46%
10: Becton Dickinson And 2.45%
Holdings represent 40.51% of portfolio

Portfolio Composition as of 03/31/18

Common stock 98.67%
Convertible preferred stock 0.72%
Cash and net other assets 0.61%

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 03/31/18

Information technology 36.46%
Consumer discretionary 20.50%
Health care 13.88%
Industrials 13.28%
Financials 5.68%
Materials 3.61%
Consumer staples 3.30%
Real estate 2.17%
Cash and net other assets 0.61%
 
Other
0.51%
Energy 0.51%