Putnam Allstate Advisor Plus

Putnam Global Equity Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount targets midsize and large industry leaders with consistent earnings growth improvement and the likelihood of positive earnings surprises. The fund managers seek companies in the U.S. and abroad with high rates of growth and dominant market share.

Sales story

Selecting companies around the world that are attractive for investorsEstablished companies: The fund invests in large and midsize companies in the United States and developed international markets to benefit from global opportunities.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads global markets.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.

Management team

Daily pricing as of 10/19/18

with optional enhanced death benefits
Unit Value $9.07829 $8.823768
Unit Value Change -0.049584 -0.04823

Lipper ranking ‡ as of 09/30/18

Category: Global Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 67% 12/17
1 yr. 81% 20/24
3 yrs. 83% 19/22
5 yrs. 86% 18/20

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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 Allstate Advisor Plus
Subaccount Status Open to new investors
Number of issues 95
Turnover (fiscal year end) 75%
Net Assets $165M
Inception Date 05/01/90

Performance

Performance as of 09/30/18

Annualized Performance Last Quarter Year
to Date
1 yr. 3 yrs. 5 yrs. 10 yrs. Life of
subaccount
Restated performance
Unit Value 1.95% 2.19% 7.15% 9.88% 6.03% 6.47% 4.76%
Standardized -6.05% -5.81% -0.85% 7.62% 5.07% 6.47% 4.76%
With optional enhanced death benefit
Unit Value 1.91% 2.08% 6.99% 9.71% 5.87% 6.31% 4.75%
Standardized -6.09% -5.92% -1.01% 7.45% 4.90% 6.31% 4.75%
Actual performance
Unit Value 1.95% 2.19% 7.15% 9.88% 6.03% 6.47% -0.43%
Standardized -6.05% -5.81% -0.85% 7.62% 5.07% 6.47% -0.43%
With optional enhanced death benefit
Unit Value 1.91% 2.08% 6.99% 9.71% 5.87% 6.31% -0.58%
Standardized -6.09% -5.92% -1.01% 7.45% 4.90% 6.31% -0.58%

Annual Performance at NAV

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
-46.22% 27.89% 8.08% -6.47% 18.25% 29.87% -0.15% -3.28% -0.54% 26.33%
With optional enhanced death benefit
-46.31% 27.70% 7.91% -6.61% 18.07% 29.67% -0.31% -3.43% -0.69% 26.14%

Restated performance

Monthly as of 09/30/18

Unit Value -0.52%
Standardized -8.48%

YTD as of 10/19/18

Unit Value -5.53%
Standardized -13.09%

With optional enhanced death benefit

Monthly as of 09/30/18

Unit Value -0.53%
Standardized -8.49%

YTD as of 10/19/18

Unit Value -5.64%
Standardized -13.19%

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 Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, Simsbury, CT.

Putnam Allstate variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company (Allstate Life); underwritten by Allstate 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 Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277. Read the prospectuses carefully before investing.

For the most recent month-end performance, please call Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

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.

Risk Characteristics as of 09/30/18

Alpha (%) -1.05
Beta 0.93
R Squared 0.85
Standard Deviation (3 yrs.) 9.13

Holdings

Top 10 holdings as of 09/30/18

Nrg Energy 3.74%
Alphabet 2.84%
Assured Guaranty 2.52%
Norfolk Southern Corp 2.40%
Amazon.Com 2.29%
Becton Dickinson And 2.07%
Cenovus Energy 2.06%
Unilever Nv 1.99%
Boston Scientific Corp 1.90%
Advance Auto Parts 1.72%
Top 10 holdings, total: 23.53%

Equity Holdings as of 06/30/18

NRG ENERGY INC 3.19%
ALPHABET INC-CL C 2.52%
NORFOLK SOUTHERN CORP 2.12%
UNILEVER NV-CVA 2.10%
AMAZON.COM INC 2.05%
BOSTON SCIENTIFIC CORP 2.01%
BECTON DICKINSON AND CO 2.00%
ASSURED GUARANTY LTD 1.89%
SUNCOR ENERGY INC 1.86%
E*TRADE FINANCIAL CORPORATION 1.73%
NOMAD FOODS LTD 1.60%
SHISEIDO CO LTD 1.44%
FAIRFAX FINANCIAL HLDGS LTD 1.43%
BANK OF AMERICA CORP 1.39%
CENOVUS ENERGY INC 1.37%
KENNEDY-WILSON HOLDINGS INC 1.36%
DXC TECHNOLOGY CO 1.33%
BALL CORP 1.31%
INSTRUCTURE INC 1.30%
SCREEN HOLDINGS CO LTD 1.27%
CHALLENGER LTD 1.26%
UNIVERSAL ENTERTAINMENT CORP 1.26%
ADVANCE AUTO PARTS 1.23%
SINO-AMERICAN SILICON PRODUC 1.22%
LOWES COMPANIES INC 1.21%
PERNOD RICARD SA 1.19%
VISA INC-CLASS A SHARES 1.19%
KKR & CO LP 1.18%
COMPASS GROUP PLC 1.17%
EDELWEISS FINANCIAL SERVICES 1.17%
KINDER MORGAN INC 1.16%
SERVICENOW INC 1.14%
ALIBABA GROUP HOLDING-SP ADR 1.09%
REALPAGE INC 1.09%
BAYER AG-REG 1.01%
GODADDY INC - CLASS A 1.01%
CONOCOPHILLIPS 0.98%
EMERSON ELECTRIC CO 0.98%
EURAZEO SA 0.98%
PIONEER NAT RES CO 0.97%
SHERWIN-WILLIAMS CO/THE 0.96%
TEXTRON INC 0.96%
ILUKA RESOURCES LTD 0.95%
PALTAC CORPORATION 0.95%
LENNAR CORP-A 0.94%
BANK OF IRELAND GROUP PLC 0.93%
KYUDENKO CORP 0.93%
SEVEN GENERATIONS ENERGY - A 0.93%
REALOGY HOLDINGS CORP 0.92%
ASSOCIATED BRITISH FOODS PLC 0.91%
SUMMIT MATERIALS INC -CL A 0.91%
DALATA HOTEL GROUP PLC 0.90%
DANAHER CORP 0.88%
PIRELLI & C SPA 0.88%
DENTSPLY SIRONA INC 0.87%
LIVE NATION ENTERTAINMENT IN 0.87%
PRUDENTIAL PLC 0.85%
EATON CORP PLC 0.84%
L3 TECHNOLOGIES INC 0.84%
ALCOA CORP 0.83%
CHENIERE ENERGY INC 0.82%
ADOBE SYSTEMS INC 0.81%
RADIAN GROUP INC 0.80%
TOSHIBA CORP 0.79%
VERTEX PHARMACEUTICALS INC 0.79%
ACTIVISION BLIZZARD INC 0.78%
KION GROUP AG 0.78%
BRUNSWICK CORP 0.76%
HIBERNIA REIT PLC 0.76%
NCSOFT CORP 0.76%
OPEN HOUSE CO LTD 0.76%
ASAHI GROUP HOLDINGS LTD 0.74%
HILTON WORLDWIDE HOLDINGS IN 0.74%
JAZZ PHARMACEUTICALS PLC 0.74%
SHRIRAM TRANSPORT FINANCE 0.74%
YELLOW CAKE PLC 144A 0.73%
ASSA ABLOY AB-B 0.72%
CIGNA CORP 0.72%
ENTERPRISE PRODUCTS PARTNERS 0.72%
RAYTHEON COMPANY 0.71%
SAMSUNG ELECTRONICS CO LTD 0.70%
APPLIED MATERIALS INC 0.69%
JOHNSON CONTROLS INTERNATION 0.69%
ASHTEAD GROUP PLC 0.67%
NINTENDO CO LTD 0.65%
O'REILLY AUTOMOTIVE INC 0.60%
DOWDUPONT INC 0.59%
UBER TECH INC P/P CV PFD 0.57%
COMPUGROUP MEDICAL SE 0.55%
ASTRAZENECA PLC 0.47%
ALKERMES PLC 0.46%
GRUPO FINANCIERO GALICIA-ADR 0.40%
KONINKLIJKE KPN NV 0.25%
TECHTRONIC INDUSTRIES CO LTD 0.23%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%

Full Portfolio Holdings as of 06/30/18

NRG ENERGY INC 3.19%
ALPHABET INC-CL C 2.52%
NORFOLK SOUTHERN CORP 2.12%
UNILEVER NV-CVA 2.10%
AMAZON.COM INC 2.05%
BOSTON SCIENTIFIC CORP 2.01%
BECTON DICKINSON AND CO 2.00%
ASSURED GUARANTY LTD 1.89%
SUNCOR ENERGY INC 1.86%
E*TRADE FINANCIAL CORPORATION 1.73%
NOMAD FOODS LTD 1.60%
SHISEIDO CO LTD 1.44%
FAIRFAX FINANCIAL HLDGS LTD 1.43%
BANK OF AMERICA CORP 1.39%
CENOVUS ENERGY INC 1.37%
KENNEDY-WILSON HOLDINGS INC 1.36%
DXC TECHNOLOGY CO 1.33%
BALL CORP 1.31%
INSTRUCTURE INC 1.30%
SCREEN HOLDINGS CO LTD 1.27%
CHALLENGER LTD 1.26%
UNIVERSAL ENTERTAINMENT CORP 1.26%
ADVANCE AUTO PARTS 1.23%
SINO-AMERICAN SILICON PRODUC 1.22%
LOWES COMPANIES INC 1.21%
PERNOD RICARD SA 1.19%
VISA INC-CLASS A SHARES 1.19%
KKR & CO LP 1.18%
COMPASS GROUP PLC 1.17%
EDELWEISS FINANCIAL SERVICES 1.17%
KINDER MORGAN INC 1.16%
SERVICENOW INC 1.14%
ALIBABA GROUP HOLDING-SP ADR 1.09%
REALPAGE INC 1.09%
BAYER AG-REG 1.01%
GODADDY INC - CLASS A 1.01%
CONOCOPHILLIPS 0.98%
EMERSON ELECTRIC CO 0.98%
EURAZEO SA 0.98%
PIONEER NAT RES CO 0.97%
SHERWIN-WILLIAMS CO/THE 0.96%
TEXTRON INC 0.96%
ILUKA RESOURCES LTD 0.95%
PALTAC CORPORATION 0.95%
LENNAR CORP-A 0.94%
BANK OF IRELAND GROUP PLC 0.93%
KYUDENKO CORP 0.93%
SEVEN GENERATIONS ENERGY - A 0.93%
REALOGY HOLDINGS CORP 0.92%
ASSOCIATED BRITISH FOODS PLC 0.91%
SUMMIT MATERIALS INC -CL A 0.91%
DALATA HOTEL GROUP PLC 0.90%
DANAHER CORP 0.88%
PIRELLI & C SPA 0.88%
DENTSPLY SIRONA INC 0.87%
LIVE NATION ENTERTAINMENT IN 0.87%
PRUDENTIAL PLC 0.85%
EATON CORP PLC 0.84%
L3 TECHNOLOGIES INC 0.84%
ALCOA CORP 0.83%
CHENIERE ENERGY INC 0.82%
ADOBE SYSTEMS INC 0.81%
RADIAN GROUP INC 0.80%
TOSHIBA CORP 0.79%
VERTEX PHARMACEUTICALS INC 0.79%
ACTIVISION BLIZZARD INC 0.78%
KION GROUP AG 0.78%
BRUNSWICK CORP 0.76%
HIBERNIA REIT PLC 0.76%
NCSOFT CORP 0.76%
OPEN HOUSE CO LTD 0.76%
ASAHI GROUP HOLDINGS LTD 0.74%
HILTON WORLDWIDE HOLDINGS IN 0.74%
JAZZ PHARMACEUTICALS PLC 0.74%
SHRIRAM TRANSPORT FINANCE 0.74%
POUND STERLING CALL ACCOUNT 0.73%
YELLOW CAKE PLC 144A 0.73%
ASSA ABLOY AB-B 0.72%
CIGNA CORP 0.72%
ENTERPRISE PRODUCTS PARTNERS 0.72%
RAYTHEON COMPANY 0.71%
SAMSUNG ELECTRONICS CO LTD 0.70%
APPLIED MATERIALS INC 0.69%
JOHNSON CONTROLS INTERNATION 0.69%
ASHTEAD GROUP PLC 0.67%
NINTENDO CO LTD 0.65%
O'REILLY AUTOMOTIVE INC 0.60%
DOWDUPONT INC 0.59%
UBER TECH INC P/P CV PFD 0.57%
COMPUGROUP MEDICAL SE 0.55%
ASTRAZENECA PLC 0.47%
ALKERMES PLC 0.46%
GRUPO FINANCIERO GALICIA-ADR 0.40%
KONINKLIJKE KPN NV 0.25%
TECHTRONIC INDUSTRIES CO LTD 0.23%
EUR/USD 09/19/2018 GSFX 0.04%
CHF/USD 09/19/2018 BCAP-FX 0.03%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
DKK/USD 09/19/2018 CITI 0.01%
EUR/USD 09/19/2018 JPMCB 0.01%
GBP/USD 09/19/2018 BCAP-FX 0.01%
JPY/USD 08/16/2018 GSFX 0.01%
AUD/USD 07/18/2018 JPMCB 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 07/18/2018 GSFX 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 09/19/2018 JPMCB 0.00%
EUR/USD 09/19/2018 CITI 0.00%
GBP/USD 09/19/2018 BANKAM 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HKD/USD 08/16/2018 BANKAM 0.00%
HKD/USD 08/16/2018 BCAP-FX 0.00%
ILS/USD 07/18/2018 SSBT 0.00%
INDIAN RUPEE CALL ACCOUNT 0.00%
JPY/USD 08/16/2018 BANKAM 0.00%
JPY/USD 08/16/2018 CITI 0.00%
JPY/USD 08/16/2018 SSBT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NOK/USD 09/19/2018 JPMCB 0.00%
SEK/USD 09/19/2018 JPMCB 0.00%
SGD/USD 08/16/2018 JPMCB 0.00%
CAD/USD 07/18/2018 SSBT -0.01%
CNH/USD 08/16/2018 GSFX -0.01%
EUR/USD 09/19/2018 BANKAM -0.01%
JPY/USD 08/16/2018 JPMCB -0.01%
KRW/USD 08/16/2018 JPMCB -0.01%
EUR/USD 09/19/2018 HSBCB -0.04%
MSJCFNNU R US0001M P 01/04/19 BA -0.07%
THE EURO EUR CALL ACCOUNT -0.92%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Nrg Energy 3.74%
2: Alphabet 2.84%
3: Assured Guaranty 2.52%
4: Norfolk Southern Corp 2.40%
5: Amazon.Com 2.29%
6: Becton Dickinson And 2.07%
7: Cenovus Energy 2.06%
8: Unilever Nv 1.99%
9: Boston Scientific Corp 1.90%
10: Advance Auto Parts 1.72%
Holdings represent 23.53% of portfolio
Top 10 holdings as of 08/31/18
1: Nrg Energy 3.50%
2: Alphabet 2.87%
3: Norfolk Southern Corp 2.29%
4: Amazon.Com 2.28%
5: Assured Guaranty 2.28%
6: Becton Dickinson And 2.05%
7: Unilever Nv 2.04%
8: Boston Scientific Corp 1.94%
9: Advance Auto Parts 1.66%
10: Cenovus Energy 1.65%
Holdings represent 22.56% of portfolio
Top 10 holdings as of 07/31/18
1: Nrg Energy 3.23%
2: Alphabet 2.94%
3: Norfolk Southern Corp 2.31%
4: Amazon 2.12%
5: Unilever Nv 2.11%
6: Assured Guaranty 2.04%
7: Becton Dickinson and Co 2.04%
8: Boston Scientific Corp 1.99%
9: Cenovus Energy 1.83%
10: Suncor Energy 1.71%
Holdings represent 22.32% of portfolio
Top 10 holdings as of 06/30/18
1: Nrg Energy 3.19%
2: Alphabet 2.52%
3: Norfolk Southern Corp 2.12%
4: Unilever Nv 2.10%
5: Boston Scientific Corp 2.01%
6: Becton Dickinson and Co 2.00%
7: Amazon 1.94%
8: Assured Guaranty 1.89%
9: Suncor Energy 1.86%
10: E*Trade Financial Corp 1.73%
Holdings represent 21.36% of portfolio

Portfolio Composition as of 09/30/18

Common stock 97.47%
Cash and net other assets 1.93%
Convertible preferred stock 0.60%

Portfolio allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

Top Industry Sectors as of 09/30/18

Financials 13.42%
Information technology 13.26%
Consumer discretionary 13.10%
Industrials 12.43%
Health care 10.47%
Energy 9.48%
Consumer staples 7.71%
Communication services 5.98%
Materials 4.75%
 
Other
9.40%
Utilities 3.74%
Real estate 3.73%
Cash and net other assets 1.93%

Country Allocation as of 09/30/18

United States 60.93%
Japan 8.49%
United Kingdom 6.76%
Canada 6.03%
Netherlands 2.77%
Ireland 2.44%
France 2.15%
Germany 2.12%
Cash and net other assets 1.93%
 
Other
6.38%
South Korea 1.35%
Australia 1.11%
Italy 1.06%
Taiwan 0.96%
China 0.86%
Sweden 0.50%
India 0.49%
Luxembourg 0.05%

Expenses

Sales Charges/Fees

Breakpoint Sales Charge Dealer Allowance CDSC Liab
$0 - $0 0.00% 0.00% N

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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.

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%