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 09/30/18

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 27% 45/166
1 yr. 23% 47/208
3 yrs. 11% 21/196
5 yrs. 26% 49/192

Risk Characteristics as of 09/30/18

Alpha (%) -0.64
Beta 1.07
R squared 0.95
Standard deviation (3 yrs.) 11.05

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 09/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 58
Turnover (fiscal year end) 59%
Net Assets $883M
Inception Date 02/01/00

Holdings

Top 10 holdings as of 09/30/18

Microsoft Corp 7.72%
Amazon.Com 7.49%
Alphabet 6.50%
Apple 5.16%
Visa 4.20%
UnitedHealth Group 2.76%
Boeing The 2.54%
Salesforce.Com 2.52%
Becton Dickinson And 2.52%
Home Depot The 2.48%
Top 10 holdings, total: 43.89%

Equity Holdings as of 06/30/18

MICROSOFT CORP 7.24%
AMAZON.COM INC 6.91%
ALPHABET INC-CL C 6.25%
APPLE INC 4.64%
VISA INC-CLASS A SHARES 4.04%
BECTON DICKINSON AND CO 2.88%
UNITEDHEALTH GROUP INC 2.67%
HOME DEPOT INC 2.57%
PAYPAL HOLDINGS INC 2.52%
CHARTER COMMUNICATIONS INC-A 2.44%
SALESFORCE.COM INC 2.35%
UNION PACIFIC CORP 2.25%
BOEING CO/THE 2.22%
MCCORMICK & CO-NON VTG SHRS 2.22%
SHERWIN-WILLIAMS CO/THE 2.21%
AMERICAN TOWER CORP 2.19%
PRAXAIR INC 2.16%
DANAHER CORP 2.07%
ADOBE SYSTEMS INC 2.00%
RAYTHEON COMPANY 1.87%
INTERCONTINENTAL EXCHANGE IN 1.83%
NETFLIX INC 1.81%
VERTEX PHARMACEUTICALS INC 1.80%
ALIBABA GROUP HOLDING-SP ADR 1.63%
SERVICENOW INC 1.61%
FACEBOOK INC-A 1.55%
COSTAR GROUP INC 1.47%
WYNN RESORTS LTD 1.46%
BOSTON SCIENTIFIC CORP 1.38%
LIVE NATION ENTERTAINMENT IN 1.37%
FORTIVE CORP 1.34%
BLACKROCK INC 1.30%
INTUITIVE SURGICAL INC 1.30%
ACTIVISION BLIZZARD INC 1.26%
ALEXION PHARMACEUTICALS INC 1.09%
METTLER-TOLEDO INTERNATIONAL 1.09%
PRUDENTIAL PLC 1.09%
BANK OF AMERICA CORP 0.98%
WASTE CONNECTIONS INC 0.97%
REALPAGE INC 0.85%
HILTON WORLDWIDE HOLDINGS IN 0.84%
ROPER TECHNOLOGIES INC 0.75%
TRANSDIGM GROUP INC 0.72%
WALMART INC 0.72%
ROCKWELL AUTOMATION INC 0.71%
OKTA INC 0.68%
SMITH (A.O.) CORP 0.59%
BIOMARIN PHARMACEUTICAL INC 0.58%
UBER TECH INC P/P CV PFD 0.58%
LIBERTY MEDIA CORP-LIBERTY-C 0.57%
BOOKING HOLDINGS INC 0.50%
SUMMIT MATERIALS INC -CL A 0.49%
DOCUSIGN INC 0.37%
COOPER COS INC/THE 0.35%
OPORTUN FIN CORP P/P SERIES H PFD 0.12%
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%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
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 06/30/18

MICROSOFT CORP 7.24%
AMAZON.COM INC 6.91%
ALPHABET INC-CL C 6.25%
APPLE INC 4.64%
VISA INC-CLASS A SHARES 4.04%
BECTON DICKINSON AND CO 2.88%
UNITEDHEALTH GROUP INC 2.67%
HOME DEPOT INC 2.57%
PAYPAL HOLDINGS INC 2.52%
CHARTER COMMUNICATIONS INC-A 2.44%
SALESFORCE.COM INC 2.35%
UNION PACIFIC CORP 2.25%
BOEING CO/THE 2.22%
MCCORMICK & CO-NON VTG SHRS 2.22%
SHERWIN-WILLIAMS CO/THE 2.21%
AMERICAN TOWER CORP 2.19%
PRAXAIR INC 2.16%
DANAHER CORP 2.07%
ADOBE SYSTEMS INC 2.00%
RAYTHEON COMPANY 1.87%
INTERCONTINENTAL EXCHANGE IN 1.83%
NETFLIX INC 1.81%
VERTEX PHARMACEUTICALS INC 1.80%
ALIBABA GROUP HOLDING-SP ADR 1.63%
SERVICENOW INC 1.61%
FACEBOOK INC-A 1.55%
COSTAR GROUP INC 1.47%
WYNN RESORTS LTD 1.46%
BOSTON SCIENTIFIC CORP 1.38%
LIVE NATION ENTERTAINMENT IN 1.37%
FORTIVE CORP 1.34%
BLACKROCK INC 1.30%
INTUITIVE SURGICAL INC 1.30%
ACTIVISION BLIZZARD INC 1.26%
ALEXION PHARMACEUTICALS INC 1.09%
METTLER-TOLEDO INTERNATIONAL 1.09%
PRUDENTIAL PLC 1.09%
BANK OF AMERICA CORP 0.98%
WASTE CONNECTIONS INC 0.97%
REALPAGE INC 0.85%
HILTON WORLDWIDE HOLDINGS IN 0.84%
ROPER TECHNOLOGIES INC 0.75%
TRANSDIGM GROUP INC 0.72%
WALMART INC 0.72%
ROCKWELL AUTOMATION INC 0.71%
OKTA INC 0.68%
SMITH (A.O.) CORP 0.59%
BIOMARIN PHARMACEUTICAL INC 0.58%
UBER TECH INC P/P CV PFD 0.58%
LIBERTY MEDIA CORP-LIBERTY-C 0.57%
BOOKING HOLDINGS INC 0.50%
SUMMIT MATERIALS INC -CL A 0.49%
DOCUSIGN INC 0.37%
COOPER COS INC/THE 0.35%
POUND STERLING CALL ACCOUNT 0.20%
OPORTUN FIN CORP P/P SERIES H PFD 0.12%
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%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN F PFD CV P/P 0.01%
CANADIAN DOLLAR ACCOUNT 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%
THE EURO EUR CALL ACCOUNT 0.00%
GBP/USD 09/19/2018 BANKAM -0.01%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Microsoft Corp 7.72%
2: Amazon.Com 7.49%
3: Alphabet 6.50%
4: Apple 5.16%
5: Visa 4.20%
6: UnitedHealth Group 2.76%
7: Boeing The 2.54%
8: Salesforce.Com 2.52%
9: Becton Dickinson And 2.52%
10: Home Depot The 2.48%
Holdings represent 43.89% of portfolio
Top 10 holdings as of 08/31/18
1: Microsoft Corp 7.70%
2: Amazon.Com 7.64%
3: Alphabet 6.75%
4: Apple 5.27%
5: Visa 4.17%
6: UnitedHealth Group 2.84%
7: Paypal Holdings 2.60%
8: Becton Dickinson And 2.55%
9: Salesforce.Com 2.44%
10: Home Depot The 2.42%
Holdings represent 44.38% of portfolio
Top 10 holdings as of 07/31/18
1: Microsoft Corp 7.54%
2: Alphabet 6.99%
3: Amazon 6.99%
4: Apple 4.56%
5: Visa 4.02%
6: UnitedHealth Group 2.78%
7: Becton Dickinson and Co 2.69%
8: Home Depot 2.47%
9: Charter Communications 2.41%
10: Boeing 2.40%
Holdings represent 42.85% of portfolio
Top 10 holdings as of 06/30/18
1: Microsoft Corp 7.24%
2: Amazon 6.91%
3: Alphabet 6.25%
4: Apple 4.64%
5: Visa 4.04%
6: Becton Dickinson and Co 2.88%
7: UnitedHealth Group 2.67%
8: Home Depot 2.57%
9: Paypal Holdings 2.52%
10: Charter Communications 2.44%
Holdings represent 42.16% of portfolio

Portfolio Composition as of 09/30/18

Common stock 99.43%
Convertible preferred stock 0.51%
Cash and net other assets 0.06%

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 09/30/18

Information technology 29.20%
Health care 16.01%
Communication services 14.39%
Consumer discretionary 13.77%
Industrials 13.65%
Financials 4.09%
Materials 3.74%
Consumer staples 3.06%
Real estate 2.03%
 
Other
0.06%
Cash and net other assets 0.06%

Country Allocation as of 09/30/18

United States 98.87%
United Kingdom 1.02%
Cash and net other assets 0.06%
Luxembourg 0.05%