‡ 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.
Putnam Advisor Plus
Putnam Global Asset Allocation Subaccount
The subaccount seeks a high level of long-term total return consistent with the preservation of capital.
Fund description
The subaccount invests in a wide variety of equity and fixed-income securities, both of U.S. and foreign issuers. It may invest in securities in the following four investment categories: U.S. equities, international equities, U.S. fixed income, and international fixed income.
Sales story
A globally diversified fund pursuing a balance of growth and income Multiple asset classes The fund holds a variety of investments in all market conditions to benefit from a wide range of opportunities.Individual securities The managers select individual stocks and bonds, not other funds, to finely tune the portfolio and avoid overlap in holdings.Active rebalancing The managers proactively purse opportunities and regularly rebalance the portfolio to maintain a consistent risk profile.
Management team
- Robert J. Schoen (Investing since 1990)
- Brett S. Goldstein, CFA (Investing since 2010)
- Adrian H. Chan, CFA (Investing since 2003)
- James A. Fetch (Investing since 1994)
Daily pricing as of 09/25/23
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $21.164196 | $20.419377 |
| Unit Value Change | -0.002806 | -0.002959 |
Lipper ranking ‡ as of 08/31/23
Category: Mixed-Asset Trgt Alloc Mod Fds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 18% | 36/204 |
| 1 yr. | 15% | 40/284 |
| 3 yrs. | 20% | 53/275 |
| 5 yrs. | 38% | 96/258 |
Quick facts as of 08/31/23
| Fiscal Year End | December |
| Asset Class | Putnam Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 1376 |
| Turnover (fiscal year end) | 262% |
| Net Assets | $99M |
| Inception Date | 02/01/88 |
Performance
Performance as of 06/30/23
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 3.71% | 8.58% | 8.48% | 4.46% | 3.38% | 5.11% | 5.51% |
| Standardized | -4.29% | 0.58% | 0.48% | 1.96% | 2.31% | 5.11% | 5.51% |
| With optional enhanced death benefit | |||||||
| Unit Value | 3.67% | 8.50% | 8.32% | 4.30% | 3.23% | 4.95% | 5.35% |
| Standardized | -4.33% | 0.50% | 0.32% | 1.79% | 2.15% | 4.95% | 5.35% |
| Actual performance | |||||||
| Unit Value | 3.71% | 8.58% | 8.48% | 4.46% | 3.38% | 5.11% | 3.31% |
| Standardized | -4.29% | 0.58% | 0.48% | 1.96% | 2.31% | 5.11% | 3.31% |
| With optional enhanced death benefit | |||||||
| Unit Value | 3.67% | 8.50% | 8.32% | 4.30% | 3.23% | 4.95% | 3.15% |
| Standardized | -4.33% | 0.50% | 0.32% | 1.79% | 2.15% | 4.95% | 3.15% |
Annual Performance at NAV
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| 17.58% | 7.67% | -1.43% | 5.01% | 13.50% | -8.75% | 15.26% | 10.51% | 12.13% | -17.37% |
| With optional enhanced death benefit | |||||||||
| 17.40% | 7.51% | -1.58% | 4.85% | 13.33% | -8.89% | 15.08% | 10.35% | 11.96% | -17.49% |
Restated performance
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | -1.25% |
| Standardized | -9.15% |
YTD as of 09/22/23 |
|
|---|---|
| Unit Value | 6.36% |
| Standardized | -1.64% |
With optional enhanced death benefit
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | -1.27% |
| Standardized | -9.16% |
YTD as of 09/22/23 |
|
|---|---|
| Unit Value | 6.24% |
| Standardized | -1.76% |
Unit values and performance information shown apply to the specific annuity product listed, not the underlying Putnam Variable Trust fund. This information should not be used by investors who hold an interest in Putnam Variable Trust funds through a different annuity or other variable product. The unit values and performance of other variable products that offer Putnam Variable Trust funds may be higher or lower due to product charges and expenses or other factors.
Data is historical. Past performance is no guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units.
Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $30 contract maintenance fee. Additional riders and options for insurance-related charges will increase expenses and lower returns. Please see the prospectus for details. For a portion of the period, subaccounts may have limited expenses, without which returns would have been lower.
Variable annuities are long-term investments designed for retirement purposes. Putnam Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., Simsbury, CT.
Putnam Everlake variable annuities are flexible-premium deferred variable annuities issued by Everlake Life Insurance Company (Everlake Life); underwritten by Everlake Distributors, L.L.C., both of Northbrook, IL; and sold through registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state.
These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds. You may also call Talcott Resolution at 1-800-521-0538 or Everlake at 1-800-390-1277. Read the prospectuses carefully before investing.
For the most recent month-end performance, please call Talcott Resolution at 1-800-521-0538 or Everlake at 1-800-390-1277.
Risk Characteristics as of 08/31/23
| Avg. Eff. Maturity | 11.40 |
| Avg. Eff. Duration | 2.08 |
| Avg. Coupon | -- |
| Avg. Yield to Maturity | -- |
| Alpha (%) | -- |
| Beta | -- |
| R Squared | -- |
| Standard Deviation (3 yrs.) | 11.67 |
Holdings
| Apple Inc Sedol 2046251 | 4.39% |
| Microsoft Corp Sedol 2588173 | 2.73% |
| Alphabet Inc-Cl A Sedol Byvy8g0 | 2.60% |
| Nvidia Corp Sedol 2379504 | 2.34% |
| Amazon.Com Inc Sedol 2000019 | 1.73% |
| Fnma Fn30 Tba Umbs 02.5000 09/01/2053 | 1.68% |
| Eli Lilly & Co Sedol 2516152 | 1.28% |
| Adobe Inc Sedol 2008154 | 1.16% |
| Meta Platforms Inc-Class A Sedol B7tl820 | 1.15% |
| Walmart Inc Sedol 2936921 | 1.06% |
| Top 10 holdings, total: | 20.12% |
| Top 10 holdings as of 08/31/23 | |
|---|---|
| 1: Apple Inc Sedol 2046251 | 4.39% |
| 2: Microsoft Corp Sedol 2588173 | 2.73% |
| 3: Alphabet Inc-Cl A Sedol Byvy8g0 | 2.60% |
| 4: Nvidia Corp Sedol 2379504 | 2.34% |
| 5: Amazon.Com Inc Sedol 2000019 | 1.73% |
| 6: Fnma Fn30 Tba Umbs 02.5000 09/01/2053 | 1.68% |
| 7: Eli Lilly & Co Sedol 2516152 | 1.28% |
| 8: Adobe Inc Sedol 2008154 | 1.16% |
| 9: Meta Platforms Inc-Class A Sedol B7tl820 | 1.15% |
| 10: Walmart Inc Sedol 2936921 | 1.06% |
| Holdings represent 20.12% of portfolio | |
| Top 10 holdings as of 07/31/23 | |
|---|---|
| 1: Apple Inc Sedol 2046251 | 4.50% |
| 2: Microsoft Corp Sedol 2588173 | 2.74% |
| 3: Alphabet Inc-Cl A Sedol Byvy8g0 | 2.48% |
| 4: Nvidia Corp Sedol 2379504 | 2.16% |
| 5: Amazon.Com Inc Sedol 2000019 | 1.64% |
| 6: Meta Platforms Inc-Class A Sedol B7tl820 | 1.20% |
| 7: Adobe Inc Sedol 2008154 | 1.11% |
| 8: Walmart Inc Sedol 2936921 | 1.05% |
| 9: Eli Lilly & Co Sedol 2516152 | 1.03% |
| 10: Jpmorgan Chase & Co Sedol 2190385 | 0.99% |
| Holdings represent 18.90% of portfolio | |
| Top 10 holdings as of 06/30/23 | |
|---|---|
| 1: Apple Inc Sedol 2046251 | 5.15% |
| 2: Microsoft Corp Sedol 2588173 | 3.25% |
| 3: Alphabet Inc-Cl A Sedol Byvy8g0 | 2.60% |
| 4: Nvidia Corp Sedol 2379504 | 2.30% |
| 5: Amazon.Com Inc Sedol 2000019 | 1.85% |
| 6: Meta Platforms Inc-Class A Sedol B7tl820 | 1.25% |
| 7: Eli Lilly & Co Sedol 2516152 | 1.23% |
| 8: Procter & Gamble Co/The Sedol 2704407 | 1.13% |
| 9: Coca-Cola Co/The Sedol 2206657 | 1.07% |
| 10: Jpmorgan Chase & Co Sedol 2190385 | 1.05% |
| Holdings represent 20.88% of portfolio | |
| Top 10 holdings as of 05/31/23 | |
|---|---|
| 1: Apple Inc Sedol 2046251 | 5.07% |
| 2: Microsoft Corp Sedol 2588173 | 3.38% |
| 3: Alphabet Inc-Cl A Sedol Byvy8g0 | 2.88% |
| 4: Nvidia Corp Sedol 2379504 | 2.42% |
| 5: Amazon.Com Inc Sedol 2000019 | 1.84% |
| 6: Meta Platforms Inc-Class A Sedol B7tl820 | 1.24% |
| 7: Eli Lilly & Co Sedol 2516152 | 1.21% |
| 8: Procter & Gamble Co/The Sedol 2704407 | 1.15% |
| 9: Coca-Cola Co/The Sedol 2206657 | 1.14% |
| 10: Merck & Co. Inc. Sedol 2778844 | 1.08% |
| Holdings represent 21.41% of portfolio | |
Portfolio Composition as of 08/31/23
| U.S. large-cap equity | 39.17% |
| U.S. Investment-grade bonds | 31.50% |
| International equity | 9.91% |
| U.S. small- and mid-cap equity | 8.32% |
| U.S. money markets | 6.19% |
| U.S. High-yield bonds | 4.90% |
Consider these risks before investing: Allocation of assets among asset classes may hurt performance. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, asset class, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Funds that invest in government securities are not guaranteed. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Default risk is generally higher for non-qualified mortgages. Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. The use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. 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.
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 8.00% |
| 2 | 8.00% |
| 3 | 8.00% |
| 4 | 7.00% |
| 5 | 6.00% |
| 6 | 5.00% |
| 7 | 4.00% |
| 8 | 3.00% |
| 9+ | 0.00% |