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Putnam Advisor Plus
Putnam Global Health Care Subaccount
The subaccount seeks capital appreciation.
Fund description
The subaccount seeks to capitalize on the strength of the health-care sector, targeting companies of all sizes. Holdings encompass an array of industries, including pharmaceuticals, health-care services, and biotechnology. The fund seeks companies that offer strong long-term growth prospects, regardless of their size.
Sales story
Investing in the health care sectorA dynamic sectorFrom biotech and drugs to devices and hospitals, the fund invests in industries that can profit from the global demand for health care products and services.Seeks growth from innovationInnovative health care solutions are always in demand, giving the fund potential for positive returns regardless of economic conditions.Active managementSupported by experienced research analysts, the portfolio manager uses bottom-up research to assess scientific innovation, regulatory changes, and company fundamentals.
Management team
- Michael J. Maguire, CFA (Investing since 2002)
Daily pricing as of 09/26/23
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $35.157612 | $33.920019 |
| Unit Value Change | -0.233791 | -0.225703 |
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 | 37 |
| Turnover (fiscal year end) | 72% |
| Net Assets | $156M |
| Inception Date | 04/30/98 |
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 | 4.25% | 1.65% | 6.69% | 8.11% | 9.35% | 9.62% | 5.80% |
| Standardized | -3.75% | -6.35% | -1.31% | 5.78% | 8.50% | 9.62% | 5.80% |
| With optional enhanced death benefit | |||||||
| Unit Value | 4.21% | 1.58% | 6.53% | 7.94% | 9.19% | 9.46% | 5.64% |
| Standardized | -3.79% | -6.42% | -1.47% | 5.61% | 8.33% | 9.46% | 5.64% |
| Actual performance | |||||||
| Unit Value | 4.25% | 1.65% | 6.69% | 8.11% | 9.35% | 9.62% | 5.36% |
| Standardized | -3.75% | -6.35% | -1.31% | 5.78% | 8.50% | 9.62% | 5.36% |
| With optional enhanced death benefit | |||||||
| Unit Value | 4.21% | 1.58% | 6.53% | 7.94% | 9.19% | 9.46% | 5.20% |
| Standardized | -3.79% | -6.42% | -1.47% | 5.61% | 8.33% | 9.46% | 5.20% |
Annual Performance at NAV
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| 39.40% | 25.60% | 6.06% | -12.77% | 13.46% | -2.19% | 28.21% | 14.42% | 17.49% | -6.20% |
| With optional enhanced death benefit | |||||||||
| 39.19% | 25.41% | 5.90% | -12.90% | 13.29% | -2.34% | 28.02% | 14.25% | 17.31% | -6.34% |
Restated performance
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | 0.13% |
| Standardized | -7.87% |
YTD as of 09/26/23 |
|
|---|---|
| Unit Value | 0.66% |
| Standardized | -7.34% |
With optional enhanced death benefit
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | 0.11% |
| Standardized | -7.89% |
YTD as of 09/26/23 |
|
|---|---|
| Unit Value | 0.55% |
| Standardized | -7.45% |
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
| Alpha (%) | 1.76 |
| Beta | 0.93 |
| R Squared | 0.94 |
| Standard Deviation (3 yrs.) | 13.87 |
Holdings
| UnitedHealth Group | 8.51% |
| Eli Lilly | 7.30% |
| Astrazeneca | 5.73% |
| Intuitive Surgical | 5.32% |
| Sanofi | 5.15% |
| AbbVie | 5.02% |
| Novo Nordisk A/S | 4.93% |
| Thermo Fisher Scientific | 4.47% |
| Innoviva | 4.21% |
| Boston Scientific Corp | 4.04% |
| Top 10 holdings, total: | 54.69% |
| Top 10 holdings as of 08/31/23 | |
|---|---|
| 1: UnitedHealth Group | 8.51% |
| 2: Eli Lilly | 7.30% |
| 3: Astrazeneca | 5.73% |
| 4: Intuitive Surgical | 5.32% |
| 5: Sanofi | 5.15% |
| 6: AbbVie | 5.02% |
| 7: Novo Nordisk A/S | 4.93% |
| 8: Thermo Fisher Scientific | 4.47% |
| 9: Innoviva | 4.21% |
| 10: Boston Scientific Corp | 4.04% |
| Holdings represent 54.69% of portfolio | |
| Top 10 holdings as of 07/31/23 | |
|---|---|
| 1: UnitedHealth Group | 9.01% |
| 2: Eli Lilly | 6.34% |
| 3: Astrazeneca | 6.08% |
| 4: Intuitive Surgical | 5.50% |
| 5: Sanofi | 5.15% |
| 6: AbbVie | 4.63% |
| 7: Innoviva | 4.50% |
| 8: Thermo Fisher Scientific | 4.39% |
| 9: Novo Nordisk A/S | 4.32% |
| 10: Dexcom | 4.14% |
| Holdings represent 54.06% of portfolio | |
| Top 10 holdings as of 06/30/23 | |
|---|---|
| 1: UnitedHealth Group | 8.50% |
| 2: Eli Lilly | 6.50% |
| 3: Astrazeneca | 6.03% |
| 4: Intuitive Surgical | 5.76% |
| 5: Sanofi | 5.43% |
| 6: Merck | 4.52% |
| 7: Novo Nordisk A/S | 4.29% |
| 8: Dexcom | 4.24% |
| 9: Innoviva | 4.20% |
| 10: Thermo Fisher Scientific | 4.15% |
| Holdings represent 53.62% of portfolio | |
| Top 10 holdings as of 05/31/23 | |
|---|---|
| 1: UnitedHealth Group | 8.86% |
| 2: Astrazeneca | 6.29% |
| 3: Eli Lilly | 6.12% |
| 4: Intuitive Surgical | 5.34% |
| 5: Sanofi | 5.29% |
| 6: Innoviva | 4.58% |
| 7: Merck | 4.45% |
| 8: Novo Nordisk A/S | 4.40% |
| 9: Thermo Fisher Scientific | 4.16% |
| 10: Alkermes | 3.71% |
| Holdings represent 53.20% of portfolio | |
Portfolio Composition as of 08/31/23
| Common stock | 93.00% |
| Cash and net other assets | 7.00% |
Consider these risks before investing: 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. The health care industries may be affected by technological obsolescence, changes in regulatory approval policies for drugs, medical devices, or procedures, and changes in governmental and private payment systems. The fund concentrates on a limited group of industries and is non-diversified. Because the fund may invest in fewer issuers than a diversified fund, it is vulnerable to common economic forces and may result in greater losses and volatility. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. The use of short selling may result in losses if the securities appreciate in value. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. 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, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. 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.
Sector weightings as of 08/31/23
| Pharmaceuticals | 37.71% |
|---|---|
| Health Care Providers & Services | 17.80% |
| Biotechnology | 14.29% |
| Health Care Equipment & Supplies | 14.28% |
| Life Sciences Tools & Services | 8.04% |
| Cash and net other assets | 7.00% |
| Personal Products | 0.88% |
0
Country Allocation as of 08/31/23
| United States | 69.36% |
|---|---|
| Denmark | 8.38% |
| Cash and net other assets | 7.00% |
| United Kingdom | 5.73% |
| France | 5.15% |
| Japan | 2.88% |
| Canada | 0.79% |
| Netherlands | 0.70% |
0
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% |