Putnam Allstate Advisor Plus
Putnam International Value Subaccount
The subaccount seeks capital growth. Current income is a secondary objective.
- Highlights
- Performance
- Holdings
- Expenses
Fund description
The subaccount applies Putnam's value-oriented strategy of seeking undervalued stocks outside the United States. By buying mostly dividend paying stocks with relatively low valuations, the fund pursues capital growth and, secondarily, current income. The fund is positioned to benefit from the spread of corporate strategies focusing on shareholder value outside the United States.
Sales story
Benefiting from undervalued international companies experiencing positive change International companies: The fund invests in international large and midsize companies to benefit from business opportunities outside the United States.A value strategy: The fund focuses on companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.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
- Karan S. Sodhi, CFA (Investing since 1998)
- Darren A. Jaroch, CFA (Investing since 1996)
Daily pricing as of 06/23/17
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $13.575378 | $13.221131 |
| Unit Value Change | 0.024968 | 0.024262 |
Lipper ranking ‡ as of 05/31/17
Category: International Large-Cap Value
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 67% | 12/17 |
| 1 yr. | 66% | 15/22 |
| 3 yrs. | 31% | 7/22 |
| 5 yrs. | 51% | 11/21 |
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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
‡ 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.
Performance as of 03/31/17
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 6.73% | 6.73% | 9.15% | -2.70% | 3.29% | -2.32% | 3.27% |
| Standardized | -1.27% | -1.27% | 1.15% | -5.37% | 2.21% | -2.32% | 3.27% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.69% | 6.69% | 8.98% | -2.85% | 3.13% | -2.46% | 3.11% |
| Standardized | -1.31% | -1.31% | 0.98% | -5.51% | 2.05% | -2.46% | 3.11% |
| Actual performance | |||||||
| Unit Value | 6.73% | 6.73% | 9.15% | -2.70% | 3.29% | -2.32% | 1.35% |
| Standardized | -1.27% | -1.27% | 1.15% | -5.37% | 2.21% | -2.32% | 1.35% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.69% | 6.69% | 8.98% | -2.85% | 3.13% | -2.46% | 1.19% |
| Standardized | -1.31% | -1.31% | 0.98% | -5.51% | 2.05% | -2.46% | 1.19% |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 6.73% | 6.73% | 9.15% | -7.88% | 17.58% | -20.88% | 91.78% |
| Standardized | -1.27% | -1.27% | 1.15% | -15.25% | 11.58% | -20.88% | 91.78% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.69% | 6.69% | 8.98% | -8.31% | 16.68% | -22.08% | 85.95% |
| Standardized | -1.31% | -1.31% | 0.98% | -15.64% | 10.68% | -22.08% | 85.95% |
| Actual performance | |||||||
| Unit Value | 6.73% | 6.73% | 9.15% | -7.88% | 17.58% | -20.88% | 25.68% |
| Standardized | -1.27% | -1.27% | 1.15% | -15.25% | 11.58% | -20.88% | 25.68% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.69% | 6.69% | 8.98% | -8.31% | 16.68% | -22.08% | 22.45% |
| Standardized | -1.31% | -1.31% | 0.98% | -15.64% | 10.68% | -22.08% | 22.45% |
Annual Performance at NAV
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 5.29% | -46.89% | 24.17% | 5.41% | -15.16% | 19.75% | 20.26% | -10.94% | -3.57% | -0.51% |
| With optional enhanced death benefit | |||||||||
| 5.12% | -46.97% | 23.98% | 5.25% | -15.29% | 19.57% | 20.07% | -11.07% | -3.72% | -0.66% |
Restated performance
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With optional enhanced death benefit
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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.
Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
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.
Top 10 holdings as of 05/31/17
| Ing Groep Nv | 4.02% |
|
|---|---|---|
| Royal Dutch Shell | 2.98% |
|
| Sanofi | 2.82% |
|
| Siemens Ag | 2.54% |
|
| Philip Morris International | 2.15% |
|
| Vinci | 2.06% |
|
| Vodafone Group | 2.04% |
|
| Societe Generale | 2.02% |
|
| Australia New Zealand Banking Group | 2.02% |
|
| Prudential | 2.01% |
|
| Top 10 holdings, total: | 24.66% |
|
Equity Holdings as of 03/31/17
| ING GROEP NV-CVA | 3.77% |
|---|---|
| SANOFI | 2.67% |
| SIEMENS AG | 2.53% |
| AUST AND NZ BANKING GROUP | 2.44% |
| PHILIP MORRIS INTERNATIONAL | 2.10% |
| SOCIETE GENERALE SA | 2.03% |
| PRUDENTIAL PLC | 1.97% |
| VINCI SA | 1.94% |
| ROYAL DUTCH SHELL PLC-A SHS | 1.90% |
| NISSAN MOTOR CO LTD | 1.89% |
| NOVARTIS AG-REG | 1.87% |
| SUNCOR ENERGY INC | 1.87% |
| VODAFONE GROUP PLC | 1.85% |
| WPP PLC | 1.75% |
| AXA SA | 1.68% |
| CHALLENGER LTD | 1.65% |
| ASTRAZENECA PLC | 1.62% |
| MITSUBISHI CORP | 1.61% |
| SUMITOMO MITSUI FINANCIAL GR | 1.60% |
| NIPPON TELEGRAPH & TELEPHONE | 1.55% |
| IMPERIAL BRANDS PLC | 1.46% |
| CHUBB LTD | 1.40% |
| AIA GROUP LTD | 1.35% |
| RIO TINTO PLC | 1.34% |
| KERRY GROUP PLC-A | 1.30% |
| AKZO NOBEL | 1.28% |
| BAYER AG-REG | 1.22% |
| TOTAL SA | 1.19% |
| SCOR SE | 1.16% |
| SSE PLC | 1.14% |
| ROYAL DUTCH SHELL PLC-B SHS | 1.12% |
| VEOLIA ENVIRONNEMENT | 1.08% |
| SPARK NEW ZEALAND LTD | 1.07% |
| INSURANCE AUSTRALIA GROUP LTD | 1.06% |
| HIBERNIA REIT PLC | 1.04% |
| JAPAN AIRLINES CO LTD | 1.04% |
| NOKIA OYJ | 1.02% |
| ENCANA CORP | 1.01% |
| DANSKE BANK A/S | 1.00% |
| ALLIANZ SE-REG | 0.95% |
| KONINKLIJKE AHOLD DELHAIZE N | 0.93% |
| LANXESS AG | 0.93% |
| NSK LTD | 0.92% |
| WOLSELEY PLC | 0.92% |
| ORIX CORP | 0.91% |
| COMPAGNIE DE SAINT-GOBAIN | 0.90% |
| FIAT CHRYSLER AUTOMOBILES NV | 0.90% |
| MURATA MANUFACTURING CO LTD | 0.90% |
| CRH PLC | 0.89% |
| YAMAHA MOTOR CO LTD | 0.88% |
| MIZUHO FINANCIAL GROUP INC | 0.87% |
| ITOCHU CORP | 0.86% |
| NINTENDO CO LTD | 0.86% |
| SAMSUNG ELECTRONICS CO LTD | 0.85% |
| MITSUI FUDOSAN CO LTD | 0.84% |
| SKANDINAVISKA ENSKILDA BAN-A | 0.84% |
| SWEDBANK AB - A SHARES | 0.83% |
| BCE INC | 0.82% |
| HOYA CORP | 0.82% |
| GLENCORE PLC | 0.79% |
| EURAZEO | 0.78% |
| NATIXIS | 0.78% |
| ORKLA ASA | 0.74% |
| UBS GROUP AG-REG | 0.74% |
| SEVEN & I HOLDINGS CO LTD | 0.73% |
| VALEO SA | 0.73% |
| BANK OF IRELAND | 0.71% |
| DNB NOR ASA | 0.71% |
| LAFARGEHOLCIM LTD-REG | 0.70% |
| PANASONIC CORP | 0.69% |
| HENKEL AG & CO KGAA VORZUG | 0.67% |
| TELECOM ITALIA-RSP | 0.67% |
| COM HEM HOLDING AB | 0.66% |
| RWE AG | 0.65% |
| AENA SA | 0.64% |
| LENOVO GROUP LTD | 0.62% |
| SUMITOMO WAREHOUSE CO LTD | 0.60% |
| CREDIT SUISSE GROUP AG-REG | 0.58% |
| DALATA HOTEL GROUP PLC | 0.57% |
| KDDI CORP | 0.56% |
| SHISEIDO CO LTD | 0.52% |
| YARA INTERNATIONAL ASA | 0.51% |
| MAGNA INTERNATIONAL INC | 0.48% |
| LLOYDS BANKING GROUP PLC | 0.43% |
| ADMIRAL GROUP PLC | 0.42% |
| PERMANENT TSB GROUP HOLDINGS | 0.29% |
Full Portfolio Holdings as of 03/31/17
| ING GROEP NV-CVA | 3.77% |
|---|---|
| SANOFI | 2.67% |
| SIEMENS AG | 2.53% |
| AUST AND NZ BANKING GROUP | 2.44% |
| PHILIP MORRIS INTERNATIONAL | 2.10% |
| SOCIETE GENERALE SA | 2.03% |
| PRUDENTIAL PLC | 1.97% |
| VINCI SA | 1.94% |
| ROYAL DUTCH SHELL PLC-A SHS | 1.90% |
| NISSAN MOTOR CO LTD | 1.89% |
| NOVARTIS AG-REG | 1.87% |
| SUNCOR ENERGY INC | 1.87% |
| VODAFONE GROUP PLC | 1.85% |
| WPP PLC | 1.75% |
| AXA SA | 1.68% |
| CHALLENGER LTD | 1.65% |
| ASTRAZENECA PLC | 1.62% |
| MITSUBISHI CORP | 1.61% |
| SUMITOMO MITSUI FINANCIAL GR | 1.60% |
| NIPPON TELEGRAPH & TELEPHONE | 1.55% |
| IMPERIAL BRANDS PLC | 1.46% |
| CHUBB LTD | 1.40% |
| AIA GROUP LTD | 1.35% |
| RIO TINTO PLC | 1.34% |
| KERRY GROUP PLC-A | 1.30% |
| AKZO NOBEL | 1.28% |
| BAYER AG-REG | 1.22% |
| TOTAL SA | 1.19% |
| SCOR SE | 1.16% |
| SSE PLC | 1.14% |
| ROYAL DUTCH SHELL PLC-B SHS | 1.12% |
| VEOLIA ENVIRONNEMENT | 1.08% |
| SPARK NEW ZEALAND LTD | 1.07% |
| INSURANCE AUSTRALIA GROUP LTD | 1.06% |
| HIBERNIA REIT PLC | 1.04% |
| JAPAN AIRLINES CO LTD | 1.04% |
| NOKIA OYJ | 1.02% |
| ENCANA CORP | 1.01% |
| DANSKE BANK A/S | 1.00% |
| ALLIANZ SE-REG | 0.95% |
| KONINKLIJKE AHOLD DELHAIZE N | 0.93% |
| LANXESS AG | 0.93% |
| NSK LTD | 0.92% |
| WOLSELEY PLC | 0.92% |
| ORIX CORP | 0.91% |
| COMPAGNIE DE SAINT-GOBAIN | 0.90% |
| FIAT CHRYSLER AUTOMOBILES NV | 0.90% |
| MURATA MANUFACTURING CO LTD | 0.90% |
| CRH PLC | 0.89% |
| YAMAHA MOTOR CO LTD | 0.88% |
| MIZUHO FINANCIAL GROUP INC | 0.87% |
| ITOCHU CORP | 0.86% |
| NINTENDO CO LTD | 0.86% |
| SAMSUNG ELECTRONICS CO LTD | 0.85% |
| MITSUI FUDOSAN CO LTD | 0.84% |
| SKANDINAVISKA ENSKILDA BAN-A | 0.84% |
| SWEDBANK AB - A SHARES | 0.83% |
| BCE INC | 0.82% |
| HOYA CORP | 0.82% |
| GLENCORE PLC | 0.79% |
| EURAZEO | 0.78% |
| NATIXIS | 0.78% |
| ORKLA ASA | 0.74% |
| UBS GROUP AG-REG | 0.74% |
| SEVEN & I HOLDINGS CO LTD | 0.73% |
| VALEO SA | 0.73% |
| BANK OF IRELAND | 0.71% |
| DNB NOR ASA | 0.71% |
| LAFARGEHOLCIM LTD-REG | 0.70% |
| PANASONIC CORP | 0.69% |
| HENKEL AG & CO KGAA VORZUG | 0.67% |
| TELECOM ITALIA-RSP | 0.67% |
| COM HEM HOLDING AB | 0.66% |
| RWE AG | 0.65% |
| AENA SA | 0.64% |
| LENOVO GROUP LTD | 0.62% |
| SUMITOMO WAREHOUSE CO LTD | 0.60% |
| CREDIT SUISSE GROUP AG-REG | 0.58% |
| DALATA HOTEL GROUP PLC | 0.57% |
| KDDI CORP | 0.56% |
| SHISEIDO CO LTD | 0.52% |
| YARA INTERNATIONAL ASA | 0.51% |
| MAGNA INTERNATIONAL INC | 0.48% |
| LLOYDS BANKING GROUP PLC | 0.43% |
| ADMIRAL GROUP PLC | 0.42% |
| PERMANENT TSB GROUP HOLDINGS | 0.29% |
| VIVA ENERGY REIT | 0.10% |
| AUD/USD 04/19/2017 BANKAM | 0.01% |
| GBP/USD 06/21/2017 CITI | 0.01% |
| GBP/USD 06/21/2017 JPMCB | 0.01% |
| AUD/USD 04/19/2017 CITI | 0.00% |
| AUD/USD 04/19/2017 SSBT | 0.00% |
| CAD/USD 04/19/2017 BANKAM | 0.00% |
| CAD/USD 04/19/2017 BCAP-FX | 0.00% |
| CAD/USD 04/19/2017 JPMCB | 0.00% |
| CHF/USD 06/21/2017 JPMCB | 0.00% |
| CNH/USD 05/17/2017 GSFX | 0.00% |
| DKK/USD 06/21/2017 CITI | 0.00% |
| EUR/USD 06/21/2017 BANKAM | 0.00% |
| EUR/USD 06/21/2017 CITI | 0.00% |
| EUR/USD 06/21/2017 SSBT | 0.00% |
| GBP/USD 06/21/2017 BANKAM | 0.00% |
| GBP/USD 06/21/2017 WPAC | 0.00% |
| HKD/USD 05/17/2017 BANKAM | 0.00% |
| HKD/USD 05/17/2017 BCAP-FX | 0.00% |
| ILS/USD 04/19/2017 SSBT | 0.00% |
| JPY/USD 05/17/2017 CITI | 0.00% |
| JPY/USD 05/17/2017 JPMCB | 0.00% |
| JPY/USD 05/17/2017 SSBT | 0.00% |
| JPY/USD 05/17/2017 WPAC | 0.00% |
| KOREAN WON CALL ACCOUNT | 0.00% |
| KRW/USD 05/17/2017 JPMCB | 0.00% |
| NOK/USD 06/21/2017 JPMCB | 0.00% |
| NZD/USD 04/19/2017 BANKAM | 0.00% |
| NZD/USD 04/19/2017 JPMCB | 0.00% |
| POUND STERLING CALL ACCOUNT | 0.00% |
| SEK/USD 06/21/2017 CSI-FX | 0.00% |
| SEK/USD 06/21/2017 JPMCB | 0.00% |
| SGD/USD 05/17/2017 JPMCB | 0.00% |
| THE EURO EUR CALL ACCOUNT | 0.00% |
| AUD/USD 04/19/2017 UBS | -0.01% |
| CAD/USD 04/19/2017 CITI | -0.01% |
| CAD/USD 04/19/2017 SSBT | -0.01% |
| CAD/USD 04/19/2017 UBS | -0.01% |
| GBP/USD 06/21/2017 SSBT | -0.01% |
| JPY/USD 05/17/2017 GSFX | -0.01% |
Prior top 10 holdings
| Top 10 holdings as of 05/31/17 | |
|---|---|
| 1: Ing Groep Nv | 4.02% |
| 2: Royal Dutch Shell | 2.98% |
| 3: Sanofi | 2.82% |
| 4: Siemens Ag | 2.54% |
| 5: Philip Morris International | 2.15% |
| 6: Vinci | 2.06% |
| 7: Vodafone Group | 2.04% |
| 8: Societe Generale | 2.02% |
| 9: Australia New Zealand Banking Group | 2.02% |
| 10: Prudential | 2.01% |
| Holdings represent 24.66% of portfolio | |
| Top 10 holdings as of 04/30/17 | |
|---|---|
| 1: Ing Groep Nv | 4.01% |
| 2: Royal Dutch Shell | 2.94% |
| 3: Sanofi | 2.75% |
| 4: Siemens Ag | 2.61% |
| 5: Australia New Zealand Banking Group | 2.44% |
| 6: Societe Generale | 2.16% |
| 7: Vinci | 2.05% |
| 8: Prudential | 2.04% |
| 9: Philip Morris International | 2.03% |
| 10: Novartis Ag | 1.91% |
| Holdings represent 24.94% of portfolio | |
| Top 10 holdings as of 03/31/17 | |
|---|---|
| 1: Ing Groep Nv | 3.77% |
| 2: Royal Dutch Shell | 3.02% |
| 3: Sanofi | 2.67% |
| 4: Siemens Ag | 2.53% |
| 5: Australia New Zealand Banking Group | 2.44% |
| 6: Philip Morris International | 2.10% |
| 7: Societe Generale | 2.03% |
| 8: Prudential | 1.97% |
| 9: Vinci | 1.94% |
| 10: Nissan Motor | 1.89% |
| Holdings represent 24.36% of portfolio | |
| Top 10 holdings as of 02/28/17 | |
|---|---|
| 1: Ing Groep Nv | 3.49% |
| 2: Royal Dutch Shell | 3.02% |
| 3: Sanofi | 2.58% |
| 4: Siemens Ag | 2.44% |
| 5: Australia New Zealand Banking Group | 2.42% |
| 6: Philip Morris International | 2.06% |
| 7: Novartis Ag | 1.99% |
| 8: Nissan Motor | 1.96% |
| 9: Suncor Energy | 1.93% |
| 10: Wpp | 1.91% |
| Holdings represent 23.80% of portfolio | |
Portfolio Composition as of 05/31/17
| Common stock | 99.18% |
|
|---|---|---|
| Cash and net other assets | 0.82% |
|
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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
‡ 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.