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Putnam Allstate 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 05/20/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $33.883175 | $32.756953 |
| Unit Value Change | 0.542247 | 0.524093 |
Quick facts as of 04/30/22
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 47 |
| Turnover (fiscal year end) | 51% |
| Net Assets | $158M |
| Inception Date | 04/30/98 |
Performance
Performance as of 03/31/22
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -2.59% | -2.59% | 14.00% | 15.14% | 11.45% | 12.65% | 6.20% |
| Standardized | -10.39% | -10.39% | 6.00% | 13.10% | 10.66% | 12.65% | 6.20% |
| With optional enhanced death benefit | |||||||
| Unit Value | -2.63% | -2.63% | 13.83% | 14.97% | 11.28% | 12.48% | 6.04% |
| Standardized | -10.42% | -10.42% | 5.83% | 12.92% | 10.49% | 12.48% | 6.04% |
| Actual performance | |||||||
| Unit Value | -2.59% | -2.59% | 14.00% | 15.14% | 11.45% | 12.65% | 5.77% |
| Standardized | -10.39% | -10.39% | 6.00% | 13.10% | 10.66% | 12.65% | 5.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | -2.63% | -2.63% | 13.83% | 14.97% | 11.28% | 12.48% | 5.61% |
| Standardized | -10.42% | -10.42% | 5.83% | 12.92% | 10.49% | 12.48% | 5.61% |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 20.31% | 39.40% | 25.60% | 6.06% | -12.77% | 13.46% | -2.19% | 28.21% | 14.42% | 17.49% |
| With optional enhanced death benefit | |||||||||
| 20.12% | 39.19% | 25.41% | 5.90% | -12.90% | 13.29% | -2.34% | 28.02% | 14.25% | 17.31% |
Restated performance
Monthly as of 04/30/22 |
|
|---|---|
| Unit Value | -4.87% |
| Standardized | -12.48% |
YTD as of 05/20/22 |
|
|---|---|
| Unit Value | -9.00% |
| Standardized | -16.28% |
With optional enhanced death benefit
Monthly as of 04/30/22 |
|
|---|---|
| Unit Value | -4.88% |
| Standardized | -12.49% |
YTD as of 05/20/22 |
|
|---|---|
| Unit Value | -9.05% |
| Standardized | -16.33% |
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 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 Talcott Resolution 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 Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277.
Risk Characteristics as of 04/30/22
| Alpha (%) | 3.79 |
| Beta | 0.94 |
| R Squared | 0.96 |
| Standard Deviation (3 yrs.) | 14.57 |
Holdings
| UnitedHealth Group | 8.58% |
| Johnson & Johnson | 5.07% |
| Astrazeneca | 5.00% |
| Thermo Fisher Scientific | 4.30% |
| Merck | 4.29% |
| Ironwood Pharmaceuticals | 4.24% |
| Danaher Corp | 3.89% |
| Roche Holding Ag | 3.59% |
| AbbVie | 3.40% |
| Anthem | 3.33% |
| Top 10 holdings, total: | 45.70% |
| Top 10 holdings as of 04/30/22 | |
|---|---|
| 1: UnitedHealth Group | 8.58% |
| 2: Johnson & Johnson | 5.07% |
| 3: Astrazeneca | 5.00% |
| 4: Thermo Fisher Scientific | 4.30% |
| 5: Merck | 4.29% |
| 6: Ironwood Pharmaceuticals | 4.24% |
| 7: Danaher Corp | 3.89% |
| 8: Roche Holding Ag | 3.59% |
| 9: AbbVie | 3.40% |
| 10: Anthem | 3.33% |
| Holdings represent 45.70% of portfolio | |
| Top 10 holdings as of 03/31/22 | |
|---|---|
| 1: UnitedHealth Group | 8.79% |
| 2: AbbVie | 6.33% |
| 3: Astrazeneca | 5.27% |
| 4: Johnson & Johnson | 4.70% |
| 5: Thermo Fisher Scientific | 4.33% |
| 6: Danaher Corp | 4.29% |
| 7: Abbott Laboratories | 3.62% |
| 8: Roche Holding Ag | 3.62% |
| 9: Anthem | 3.28% |
| 10: Pfizer | 3.13% |
| Holdings represent 47.36% of portfolio | |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| 1: UnitedHealth Group | 9.29% |
| 2: AbbVie | 6.41% |
| 3: Astrazeneca | 5.53% |
| 4: Johnson & Johnson | 5.40% |
| 5: Danaher Corp | 4.38% |
| 6: Thermo Fisher Scientific | 4.37% |
| 7: Abbott Laboratories | 3.92% |
| 8: Roche Holding Ag | 3.71% |
| 9: Sanofi | 3.31% |
| 10: Anthem | 3.29% |
| Holdings represent 49.61% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| 1: UnitedHealth Group | 9.14% |
| 2: AbbVie | 5.88% |
| 3: Johnson & Johnson | 5.60% |
| 4: Astrazeneca | 5.24% |
| 5: Thermo Fisher Scientific | 4.63% |
| 6: Danaher Corp | 4.52% |
| 7: Pfizer | 4.12% |
| 8: Abbott Laboratories | 3.77% |
| 9: Sanofi | 3.25% |
| 10: Anthem | 3.18% |
| Holdings represent 49.33% of portfolio | |
| UNITEDHEALTH GROUP INC SEDOL 2917766 | 8.79% | ABBVIE INC SEDOL B92SR70 | 6.33% | ASTRAZENECA PLC SEDOL 0989529 | 5.27% | JOHNSON & JOHNSON SEDOL 2475833 | 4.70% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 4.33% | DANAHER CORP SEDOL 2250870 | 4.29% | ABBOTT LABORATORIES SEDOL 2002305 | 3.62% | ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 3.62% | ANTHEM INC SEDOL BSPHGL4 | 3.28% | PFIZER INC SEDOL 2684703 | 3.14% | IRONWOOD PHARMACEUTICALS INC SEDOL B3MZ6K5 | 3.00% | ASCENDIS PHARMA A/S - ADR SEDOL BV9G6B8 | 3.00% | SANOFI SEDOL 5671735 | 2.93% | INNOVIVA INC SEDOL BDDXF67 | 2.83% | MERCK & CO. INC. SEDOL 2778844 | 2.73% | ICON PLC SEDOL B94G471 | 2.63% | ELI LILLY & CO SEDOL 2516152 | 2.58% | NOVO NORDISK A/S-B SEDOL BHC8X90 | 2.43% | MCKESSON CORP SEDOL 2378534 | 2.10% | INTUITIVE SURGICAL INC SEDOL 2871301 | 1.91% | BOSTON SCIENTIFIC CORP SEDOL 2113434 | 1.81% | DEXCOM INC SEDOL B0796X4 | 1.80% | ZOETIS INC SEDOL B95WG16 | 1.61% | 4FRONT VENTURES CORP SEDOL BKFGXD6 | 1.47% | LONZA GROUP AG-REG SEDOL 7333378 | 1.42% | ILLUMINA INC SEDOL 2613990 | 1.38% | HCA HEALTHCARE INC SEDOL B4MGBG6 | 1.38% | CVS HEALTH CORP SEDOL 2577609 | 1.23% | HUMANA INC SEDOL 2445063 | 1.22% | MEDTRONIC PLC SEDOL BTN1Y11 | 1.12% | NOVARTIS AG-REG SEDOL 7103065 | 1.06% | OPTION CARE HEALTH INC SEDOL BKM5C62 | 1.05% | SARISSA CAPITAL ACQUISITION SEDOL BMF7JF7 | 1.03% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 0.96% | TERRASCEND CORP SEDOL BDFDQ73 | 0.96% | HORIZON THERAPEUTICS PLC SEDOL BQPVQZ6 | 0.85% | MERCK KGAA SEDOL 4741844 | 0.84% | TAKEDA PHARMACEUTICAL CO LTD SEDOL 6870445 | 0.61% | BAXTER INTERNATIONAL INC SEDOL 2085102 | 0.52% | DAIICHI SANKYO CO LTD SEDOL B0J7D91 | 0.49% | GREEN THUMB INDUSTRIES INC SEDOL BFFY829 | 0.31% | TERUMO CORP SEDOL 6885074 | 0.25% | VERANO HOLDINGS CORP SEDOL BM8SM36 | 0.19% | TREASURY BILL 00.0000 06/09/2022 | 0.18% | EISAI CO LTD SEDOL 6307200 | 0.16% | ASTELLAS PHARMA INC SEDOL 6985383 | 0.16% | AUD/USD 04/20/2022 RBSF | 0.07% | CHUGAI PHARMACEUTICAL CO LTD SEDOL 6196408 | 0.05% | IRWD 20220617 C 15.00BCBP | 0.05% | GBP/USD 06/15/2022 WPAC | 0.02% | AUD/USD 04/20/2022 BANKAM | 0.01% | EUR/USD 06/15/2022 HSBCB | 0.00% | DKK/USD 06/15/2022 CITI | 0.00% | NZD/USD 04/20/2022 JPMCB | 0.00% | CAD/USD 04/20/2022 SSBT | 0.00% | EUR/USD 06/15/2022 SSBT | 0.00% | CHF/USD 06/15/2022 BANKAM | -0.00% | DKK/USD 06/15/2022 BANKAM | -0.00% | DKK/USD 06/15/2022 HSBCB | -0.00% | GBP/USD 06/15/2022 JPMCB | -0.00% | ILS/USD 04/20/2022 SSBT | -0.00% | CAD/USD 04/20/2022 GSFX | -0.01% | CAD/USD 04/20/2022 HSBCB | -0.01% | CHF/USD 06/15/2022 HSBCB | -0.01% | JPY/USD 05/18/2022 MSCIL | -0.01% | AUD/USD 04/20/2022 TDBK | -0.02% | IRWD 20220617 C 16.50BCBP | -0.02% | JPY/USD 05/18/2022 GSFX | -0.13% |
| UNITEDHEALTH GROUP INC SEDOL 2917766 | 8.91% | ABBVIE INC SEDOL B92SR70 | 5.34% | JOHNSON & JOHNSON SEDOL 2475833 | 5.10% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 4.87% | ASTRAZENECA PLC SEDOL 0989529 | 4.87% | DANAHER CORP SEDOL 2250870 | 4.77% | PFIZER INC SEDOL 2684703 | 4.23% | ABBOTT LABORATORIES SEDOL 2002305 | 3.81% | ANTHEM INC SEDOL BSPHGL4 | 3.07% | ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 3.03% | SANOFI SEDOL 5671735 | 2.89% | ELI LILLY & CO SEDOL 2516152 | 2.88% | ASCENDIS PHARMA A/S - ADR SEDOL BV9G6B8 | 2.84% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 2.68% | IRONWOOD PHARMACEUTICALS INC SEDOL B3MZ6K5 | 2.50% | MERCK & CO. INC. SEDOL 2778844 | 2.49% | ICON PLC SEDOL B94G471 | 2.24% | INNOVIVA INC SEDOL BDDXF67 | 1.79% | BOSTON SCIENTIFIC CORP SEDOL 2113434 | 1.71% | MCKESSON CORP SEDOL 2378534 | 1.69% | NOVARTIS AG-REG SEDOL 7103065 | 1.66% | LONZA GROUP AG-REG SEDOL 7333378 | 1.63% | 4FRONT VENTURES CORP SEDOL BKFGXD6 | 1.52% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 1.42% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.42% | HCA HEALTHCARE INC SEDOL B4MGBG6 | 1.39% | NOVO NORDISK A/S-B SEDOL BHC8X90 | 1.29% | CVS HEALTH CORP SEDOL 2577609 | 1.22% | MERCK KGAA SEDOL 4741844 | 1.21% | DEXCOM INC SEDOL B0796X4 | 1.16% | INTUITIVE SURGICAL INC SEDOL 2871301 | 1.11% | MEDTRONIC PLC SEDOL BTN1Y11 | 1.03% | UNITED THERAPEUTICS CORP SEDOL 2430412 | 1.02% | SARISSA CAPITAL ACQUISITION SEDOL BMF7JF7 | 1.00% | AMERISOURCEBERGEN CORP | 0.86% | TERRASCEND CORP SEDOL BDFDQ73 | 0.86% | HUMANA INC SEDOL 2445063 | 0.79% | MODERNA INC SEDOL BGSXTS3 | 0.66% | CIGNA CORP SEDOL BHJ0775 | 0.59% | TAKEDA PHARMACEUTICAL CO LTD SEDOL 6870445 | 0.59% | ELANCO ANIMAL HEALTH INC SEDOL BF5L3T2 | 0.58% | DAIICHI SANKYO CO LTD SEDOL B0J7D91 | 0.57% | BIOGEN INC SEDOL 2455965 | 0.46% | ASTELLAS PHARMA INC SEDOL 6985383 | 0.44% | HEALTH SCIENCES ACQUISITIONS SEDOL BMWWF91 | 0.39% | TERUMO CORP SEDOL 6885074 | 0.35% | CHUGAI PHARMACEUTICAL CO LTD SEDOL 6196408 | 0.30% | EISAI CO LTD SEDOL 6307200 | 0.19% | GREEN THUMB INDUSTRIES INC SEDOL BFFY829 | 0.16% | EYEPOINT PHARMACEUTICALS INC SEDOL BMGS7L1 | 0.14% | TREASURY BILL 00.0000 02/03/2022 | 0.11% | TREASURY BILL 00.0000 02/24/2022 | 0.11% | GBP/USD 03/16/2022 MSCIL | 0.02% | GBP/USD 03/16/2022 GSFX | 0.01% | CHF/USD 03/16/2022 HSBCB | 0.01% | JPY/USD 02/16/2022 BANKAM | 0.01% | JPY/USD 02/16/2022 JPMCB | 0.01% | EUR/USD 03/16/2022 BANKAM | 0.01% | GBP/USD 03/16/2022 HSBCB | 0.01% | CAD/USD 01/19/2022 SSBT | 0.00% | ILS/USD 01/19/2022 SSBT | 0.00% | DKK/USD 03/16/2022 MSCIL | 0.00% | JPY/USD 02/16/2022 MSCIL | 0.00% | CHF/USD 03/16/2022 BANKAM | 0.00% | EUR/USD 03/16/2022 BCAP-FX | 0.00% | EUR/USD 03/16/2022 RBSF | 0.00% | CAD/USD 01/19/2022 GSFX | 0.00% | CAD/USD 01/19/2022 HSBCB | 0.00% | GBP/USD 03/16/2022 SSBT | 0.00% | EUR/USD 03/16/2022 TDBK | 0.00% | EUR/USD 03/16/2022 UBS | 0.00% | AUD/USD 01/19/2022 BANKAM | 0.00% | CHF/USD 03/16/2022 UBS | 0.00% | EUR/USD 03/16/2022 SSBT | 0.00% | EUR/USD 03/16/2022 WPAC | 0.00% | EUR/USD 03/16/2022 CITI | -0.00% | AUD/USD 01/19/2022 RBSF | -0.00% | JPY/USD 02/16/2022 BCAP-FX | -0.00% | EUR/USD 03/16/2022 GSFX | -0.00% | GBP/USD 03/16/2022 BANKAM | -0.00% | NZD/USD 01/19/2022 JPMCB | -0.00% | DKK/USD 03/16/2022 CITI | -0.00% | GBP/USD 03/16/2022 BCAP-FX | -0.00% | GBP/USD 03/16/2022 UBS | -0.00% | EUR/USD 03/16/2022 MSCIL | -0.01% | JPY/USD 02/16/2022 CSI-FX | -0.01% | EUR/USD 03/16/2022 HSBCB | -0.01% | JPY/USD 02/16/2022 UBS | -0.01% | JPY/USD 02/16/2022 SSBT | -0.01% | GBP/USD 03/16/2022 WPAC | -0.01% | GBP/USD 03/16/2022 CSI-FX | -0.02% | JPY/USD 02/16/2022 GSFX | -0.02% |
Portfolio Composition as of 04/30/22
| Common stock | 97.60% |
| Cash and net other assets | 2.40% |
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.
Top Industry Sectors as of 04/30/22
| Pharmaceuticals | 40.53% |
|---|---|
| Health Care Providers & Services | 20.42% |
| Life Sciences Tools & Services | 13.24% |
| Health Care Equipment & Supplies | 11.31% |
| Biotechnology | 11.00% |
| Cash and net other assets | 2.40% |
| Diversified Financial Services | 1.10% |
0
Country Allocation as of 04/30/22
| United States | 72.17% |
|---|---|
| Switzerland | 5.94% |
| Denmark | 5.18% |
| United Kingdom | 5.00% |
| France | 3.21% |
| Ireland | 2.59% |
| Cash and net other assets | 2.40% |
| Japan | 1.89% |
| Canada | 0.83% |
| Other | 0.79% |
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% |