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 Sodhi, CFA (Investing since 1998)
- Darren A. Jaroch, CFA (Investing since 1996)
Daily Pricing as of 09/23/16
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $12.06346 | $11.761996 |
| Unit Value Change | -0.115189 | -0.112361 |
‡ Lipper Ranking as of 08/31/16
Category: International Large-Cap Value
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 62% | 11/17 |
| 1 yr. | 35% | 9/25 |
| 3 yrs. | 33% | 8/24 |
| 5 yrs. | 33% | 8/24 |
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.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
‡ 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 06/30/16
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -3.02% | -5.65% | -13.81% | -1.64% | -1.19% | -1.83% | 2.77% |
| Standardized | -10.78% | -13.20% | -20.70% | -4.33% | -2.40% | -1.83% | 2.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | -3.06% | -5.72% | -13.94% | -1.79% | -1.34% | -1.98% | 2.62% |
| Standardized | -10.81% | -13.27% | -20.83% | -4.48% | -2.55% | -1.98% | 2.62% |
| Actual performance | |||||||
| Unit Value | -3.02% | -5.65% | -13.81% | -1.64% | -1.19% | -1.83% | 0.68% |
| Standardized | -10.78% | -13.20% | -20.70% | -4.33% | -2.40% | -1.83% | 0.68% |
| With optional enhanced death benefit | |||||||
| Unit Value | -3.06% | -5.72% | -13.94% | -1.79% | -1.34% | -1.98% | 0.52% |
| Standardized | -10.81% | -13.27% | -20.83% | -4.48% | -2.55% | -1.98% | 0.52% |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -3.02% | -5.65% | -13.81% | -4.83% | -5.80% | -16.86% | 70.40% |
| Standardized | -10.78% | -13.20% | -20.70% | -12.44% | -11.45% | -16.86% | 70.40% |
| With optional enhanced death benefit | |||||||
| Unit Value | -3.06% | -5.72% | -13.94% | -5.27% | -6.51% | -18.12% | 65.41% |
| Standardized | -10.81% | -13.27% | -20.83% | -12.85% | -12.12% | -18.12% | 65.41% |
| Actual performance | |||||||
| Unit Value | -3.02% | -5.65% | -13.81% | -4.83% | -5.80% | -16.86% | 11.67% |
| Standardized | -10.78% | -13.20% | -20.70% | -12.44% | -11.45% | -16.86% | 11.67% |
| With optional enhanced death benefit | |||||||
| Unit Value | -3.06% | -5.72% | -13.94% | -5.27% | -6.51% | -18.12% | 8.92% |
| Standardized | -10.81% | -13.27% | -20.83% | -12.85% | -12.12% | -18.12% | 8.92% |
Annual Performance at NAV
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 25.20% | 5.29% | -46.89% | 24.17% | 5.41% | -15.16% | 19.75% | 20.26% | -10.94% | -3.57% |
| With optional enhanced death benefit | |||||||||
| 25.01% | 5.12% | -46.97% | 23.98% | 5.25% | -15.29% | 19.57% | 20.07% | -11.07% | -3.72% |
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.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
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 08/31/16
| Sanofi | 3.20% |
|
|---|---|---|
| Ing Groep Nv | 3.11% |
|
| Royal Dutch Shell | 2.81% |
|
| Siemens Ag | 2.19% |
|
| Vodafone Group | 2.13% |
|
| Astellas Pharma | 2.11% |
|
| Novartis Ag | 1.97% |
|
| Nissan Motor | 1.92% |
|
| Australia New Zealand Banking Group | 1.87% |
|
| Philip Morris International | 1.85% |
|
| Top 10 holdings, total: | 23.16% |
|
Equity Holdings as of 06/30/16
| ROYAL DUTCH SHELL PLC-A SHS | 4.24% |
|---|---|
| SANOFI | 3.66% |
| ING GROEP NV-CVA | 2.65% |
| ASTELLAS PHARMA INC | 2.26% |
| VODAFONE GROUP PLC | 2.25% |
| NOVARTIS AG-REG | 2.16% |
| PHILIP MORRIS INTERNATIONAL | 1.97% |
| SIEMENS AG | 1.97% |
| JAPAN TOBACCO INC | 1.93% |
| NISSAN MOTOR CO LTD | 1.84% |
| VINCI SA | 1.81% |
| SUNCOR ENERGY INC | 1.75% |
| WPP PLC | 1.73% |
| SAMSUNG ELECTRONICS CO LTD | 1.68% |
| NIPPON TELEGRAPH & TELEPHONE | 1.66% |
| PRUDENTIAL PLC | 1.65% |
| ASTRAZENECA PLC | 1.63% |
| AUST AND NZ BANKING GROUP | 1.57% |
| KERRY GROUP PLC-A | 1.53% |
| CHUBB LTD | 1.40% |
| AXA SA | 1.36% |
| AIA GROUP LTD | 1.35% |
| SUMITOMO MITSUI FINANCIAL GR | 1.32% |
| ANHEUSER-BUSCH INBEV SA/NV | 1.27% |
| MITSUBISHI CORP | 1.26% |
| HIBERNIA REIT PLC | 1.21% |
| UNILEVER NV-CVA | 1.20% |
| VEOLIA ENVIRONNEMENT | 1.20% |
| ROYAL DUTCH SHELL PLC-B SHS | 1.18% |
| TOTAL SA | 1.18% |
| CHALLENGER LTD | 1.17% |
| AENA SA | 1.16% |
| SPARK NEW ZEALAND LTD | 1.15% |
| NOKIA OYJ | 1.12% |
| BAYER AG-REG | 1.11% |
| JAPAN AIRLINES CO LTD | 1.10% |
| RIO TINTO PLC | 1.08% |
| SSE PLC | 1.06% |
| AKZO NOBEL | 1.02% |
| BARRY CALLEBAUT AG-REG | 1.00% |
| DAIMLER AG-REGISTERED SHARES | 0.99% |
| AIRBUS GROUP SE | 0.97% |
| SCOR SE | 0.96% |
| BCE INC | 0.92% |
| MITSUI FUDOSAN CO LTD | 0.92% |
| BAE SYSTEMS PLC | 0.91% |
| DANSKE BANK A/S | 0.81% |
| SEVEN & I HOLDINGS CO LTD | 0.81% |
| NINTENDO CO LTD | 0.79% |
| WOLSELEY PLC | 0.79% |
| ORKLA ASA | 0.78% |
| SWEDBANK AB - A SHARES | 0.78% |
| ITOCHU CORP | 0.77% |
| ALLIANZ SE-REG | 0.76% |
| CRH PLC | 0.76% |
| MURATA MANUFACTURING CO LTD | 0.75% |
| EURAZEO | 0.73% |
| VIRGIN MONEY HOLDINGS UK | 0.71% |
| COMPAGNIE DE SAINT-GOBAIN | 0.70% |
| ENCANA CORP | 0.70% |
| LIBERTY GLOBAL PLC-SERIES C | 0.70% |
| MIZUHO FINANCIAL GROUP INC | 0.70% |
| BANK OF QUEENSLAND LTD | 0.69% |
| KDDI CORP | 0.69% |
| MITSUBISHI ESTATE CO LTD | 0.69% |
| SKANDINAVISKA ENSKILDA BAN-A | 0.69% |
| COMFORTDELGRO CORP LTD | 0.67% |
| HANG LUNG GROUP LTD | 0.66% |
| METRO BANK PLC | 0.66% |
| HENKEL AG & CO KGAA VORZUG | 0.65% |
| SUMITOMO REALTY & DEVELOPMEN | 0.63% |
| BANK OF IRELAND | 0.62% |
| UBS GROUP AG-REG | 0.61% |
| LENOVO GROUP LTD | 0.60% |
| TELECOM ITALIA-RSP | 0.60% |
| CENTRICA PLC | 0.59% |
| YAMAHA MOTOR CO LTD | 0.58% |
| DNB NOR ASA | 0.55% |
| SUMITOMO WAREHOUSE CO LTD | 0.55% |
| PANASONIC CORP | 0.54% |
| SHISEIDO CO LTD | 0.52% |
| WORLDPAY GRP LTD | 0.52% |
| COM HEM HOLDING AB | 0.50% |
| NATIXIS | 0.50% |
| JAPAN HOTEL REIT INVESTMENT | 0.49% |
| ADMIRAL GROUP PLC | 0.47% |
| CREDIT SUISSE GROUP AG-REG | 0.43% |
| GLENCORE PLC | 0.42% |
| LLOYDS BANKING GROUP PLC | 0.38% |
| PERMANENT TSB GROUP HOLDINGS | 0.36% |
| RWE AG | 0.14% |
| LIBERTY GLOBAL PLC LILAC - C | 0.00% |
Full Portfolio Holdings as of 06/30/16
| ROYAL DUTCH SHELL PLC-A SHS | 4.24% |
|---|---|
| SANOFI | 3.66% |
| ING GROEP NV-CVA | 2.65% |
| ASTELLAS PHARMA INC | 2.26% |
| VODAFONE GROUP PLC | 2.25% |
| NOVARTIS AG-REG | 2.16% |
| PHILIP MORRIS INTERNATIONAL | 1.97% |
| SIEMENS AG | 1.97% |
| JAPAN TOBACCO INC | 1.93% |
| NISSAN MOTOR CO LTD | 1.84% |
| VINCI SA | 1.81% |
| SUNCOR ENERGY INC | 1.75% |
| WPP PLC | 1.73% |
| SAMSUNG ELECTRONICS CO LTD | 1.68% |
| NIPPON TELEGRAPH & TELEPHONE | 1.66% |
| PRUDENTIAL PLC | 1.65% |
| ASTRAZENECA PLC | 1.63% |
| AUST AND NZ BANKING GROUP | 1.57% |
| KERRY GROUP PLC-A | 1.53% |
| CHUBB LTD | 1.40% |
| AXA SA | 1.36% |
| AIA GROUP LTD | 1.35% |
| SUMITOMO MITSUI FINANCIAL GR | 1.32% |
| ANHEUSER-BUSCH INBEV SA/NV | 1.27% |
| MITSUBISHI CORP | 1.26% |
| HIBERNIA REIT PLC | 1.21% |
| UNILEVER NV-CVA | 1.20% |
| VEOLIA ENVIRONNEMENT | 1.20% |
| ROYAL DUTCH SHELL PLC-B SHS | 1.18% |
| TOTAL SA | 1.18% |
| CHALLENGER LTD | 1.17% |
| AENA SA | 1.16% |
| SPARK NEW ZEALAND LTD | 1.15% |
| NOKIA OYJ | 1.12% |
| BAYER AG-REG | 1.11% |
| JAPAN AIRLINES CO LTD | 1.10% |
| RIO TINTO PLC | 1.08% |
| SSE PLC | 1.06% |
| AKZO NOBEL | 1.02% |
| BARRY CALLEBAUT AG-REG | 1.00% |
| DAIMLER AG-REGISTERED SHARES | 0.99% |
| AIRBUS GROUP SE | 0.97% |
| SCOR SE | 0.96% |
| BCE INC | 0.92% |
| MITSUI FUDOSAN CO LTD | 0.92% |
| BAE SYSTEMS PLC | 0.91% |
| DANSKE BANK A/S | 0.81% |
| SEVEN & I HOLDINGS CO LTD | 0.81% |
| NINTENDO CO LTD | 0.79% |
| WOLSELEY PLC | 0.79% |
| ORKLA ASA | 0.78% |
| SWEDBANK AB - A SHARES | 0.78% |
| THE EURO EUR CALL ACCOUNT | 0.78% |
| ITOCHU CORP | 0.77% |
| ALLIANZ SE-REG | 0.76% |
| CRH PLC | 0.76% |
| MURATA MANUFACTURING CO LTD | 0.75% |
| EURAZEO | 0.73% |
| VIRGIN MONEY HOLDINGS UK | 0.71% |
| COMPAGNIE DE SAINT-GOBAIN | 0.70% |
| ENCANA CORP | 0.70% |
| LIBERTY GLOBAL PLC-SERIES C | 0.70% |
| MIZUHO FINANCIAL GROUP INC | 0.70% |
| BANK OF QUEENSLAND LTD | 0.69% |
| KDDI CORP | 0.69% |
| MITSUBISHI ESTATE CO LTD | 0.69% |
| SKANDINAVISKA ENSKILDA BAN-A | 0.69% |
| COMFORTDELGRO CORP LTD | 0.67% |
| HANG LUNG GROUP LTD | 0.66% |
| METRO BANK PLC | 0.66% |
| HENKEL AG & CO KGAA VORZUG | 0.65% |
| SUMITOMO REALTY & DEVELOPMEN | 0.63% |
| BANK OF IRELAND | 0.62% |
| UBS GROUP AG-REG | 0.61% |
| LENOVO GROUP LTD | 0.60% |
| TELECOM ITALIA-RSP | 0.60% |
| CENTRICA PLC | 0.59% |
| TAIWAN DOLLAR CALL ACCOUNT | 0.59% |
| YAMAHA MOTOR CO LTD | 0.58% |
| JAPANESE YEN CALL ACCOUNT | 0.57% |
| DNB NOR ASA | 0.55% |
| SUMITOMO WAREHOUSE CO LTD | 0.55% |
| PANASONIC CORP | 0.54% |
| SHISEIDO CO LTD | 0.52% |
| WORLDPAY GRP LTD | 0.52% |
| COM HEM HOLDING AB | 0.50% |
| NATIXIS | 0.50% |
| JAPAN HOTEL REIT INVESTMENT | 0.49% |
| ADMIRAL GROUP PLC | 0.47% |
| CREDIT SUISSE GROUP AG-REG | 0.43% |
| GLENCORE PLC | 0.42% |
| LLOYDS BANKING GROUP PLC | 0.38% |
| POUND STERLING CALL ACCOUNT | 0.37% |
| PERMANENT TSB GROUP HOLDINGS | 0.36% |
| RWE AG | 0.14% |
| HONG KONG DOLLAR CALL ACCOUNT | 0.10% |
| SWISS FRANC CALL ACCOUNT | 0.09% |
| CANADIAN DOLLAR ACCOUNT | 0.08% |
| SWEDISH KRONA CALL ACCOUNT | 0.05% |
| AUSTRALIAN DOLLAR ACCOUNT | 0.04% |
| NEW ZEALAND DOLLAR CALL ACCOUNT | 0.04% |
| DANISH KRONE CALL ACCOUNT | 0.02% |
| NORWEGIAN KRONE CALL ACCOUNT | 0.02% |
| SINGAPORE DOLLAR CALL ACCOUNT | 0.02% |
| KRW/USD 08/18/2016 JPMCB | 0.01% |
| AUD/USD 07/21/2016 CSI-FX | 0.00% |
| AUD/USD 07/21/2016 GSFX | 0.00% |
| AUD/USD 07/21/2016 UBS | 0.00% |
| CAD/USD 07/21/2016 BCAP-FX | 0.00% |
| CAD/USD 07/21/2016 CITI | 0.00% |
| CAD/USD 07/21/2016 SSBT | 0.00% |
| CAD/USD 07/21/2016 UBS | 0.00% |
| CHF/USD 09/21/2016 BCAP-FX | 0.00% |
| CHF/USD 09/21/2016 JPMCB | 0.00% |
| CHF/USD 09/21/2016 UBS | 0.00% |
| DKK/USD 09/21/2016 CITI | 0.00% |
| EUR/USD 09/21/2016 BCAP-FX | 0.00% |
| EUR/USD 09/21/2016 CITI | 0.00% |
| EUR/USD 09/21/2016 HSBCB | 0.00% |
| EUR/USD 09/21/2016 SSBT | 0.00% |
| EUR/USD 09/21/2016 UBS | 0.00% |
| EUR/USD 09/21/2016 WPAC | 0.00% |
| GBP/USD 09/21/2016 BANKAM | 0.00% |
| GBP/USD 09/21/2016 HSBCB | 0.00% |
| GBP/USD 09/21/2016 JPMCB | 0.00% |
| GBP/USD 09/21/2016 SSBT | 0.00% |
| HKD/USD 08/18/2016 BCAP-FX | 0.00% |
| ILS/USD 07/21/2016 SSBT | 0.00% |
| JPY/USD 08/18/2016 BCAP-FX | 0.00% |
| JPY/USD 08/18/2016 CITI | 0.00% |
| JPY/USD 08/18/2016 CSI-FX | 0.00% |
| KOREAN WON CALL ACCOUNT | 0.00% |
| LIBERTY GLOBAL PLC LILAC - C | 0.00% |
| NOK/USD 09/21/2016 CSI-FX | 0.00% |
| NOK/USD 09/21/2016 JPMCB | 0.00% |
| NZD/USD 07/21/2016 JPMCB | 0.00% |
| SEK/USD 09/21/2016 CSI-FX | 0.00% |
| SEK/USD 09/21/2016 JPMCB | 0.00% |
| SGD/USD 08/18/2016 BCAP-FX | 0.00% |
| SGD/USD 08/18/2016 JPMCB | 0.00% |
| AUD/USD 07/21/2016 BANKAM | -0.01% |
| AUD/USD 07/21/2016 SSBT | -0.01% |
| JPY/USD 08/18/2016 SSBT | -0.01% |
Prior top 10 holdings
| Top 10 holdings as of 08/31/16 | |
|---|---|
| 1: Sanofi | 3.20% |
| 2: Ing Groep Nv | 3.11% |
| 3: Royal Dutch Shell | 2.81% |
| 4: Siemens Ag | 2.19% |
| 5: Vodafone Group | 2.13% |
| 6: Astellas Pharma | 2.11% |
| 7: Novartis Ag | 1.97% |
| 8: Nissan Motor | 1.92% |
| 9: Australia New Zealand Banking Group | 1.87% |
| 10: Philip Morris International | 1.85% |
| Holdings represent 23.16% of portfolio | |
| Top 10 holdings as of 07/31/16 | |
|---|---|
| 1: Royal Dutch Shell | 4.89% |
| 2: Sanofi | 3.53% |
| 3: Ing Groep Nv | 2.77% |
| 4: Astellas Pharma | 2.32% |
| 5: Vodafone Group | 2.14% |
| 6: Novartis Ag | 2.06% |
| 7: Siemens Ag | 1.99% |
| 8: Nissan Motor | 1.93% |
| 9: Philip Morris International | 1.85% |
| 10: Vinci | 1.84% |
| Holdings represent 25.32% of portfolio | |
| Top 10 holdings as of 06/30/16 | |
|---|---|
| 1: Royal Dutch Shell | 5.42% |
| 2: Sanofi | 3.66% |
| 3: Ing Groep Nv | 2.65% |
| 4: Vodafone Group | 2.25% |
| 5: Astellas Pharma | 2.20% |
| 6: Novartis Ag | 2.16% |
| 7: Siemens Ag | 1.97% |
| 8: Philip Morris International | 1.97% |
| 9: Japan Tobacco | 1.88% |
| 10: Vinci | 1.81% |
| Holdings represent 25.97% of portfolio | |
| Top 10 holdings as of 05/31/16 | |
|---|---|
| 1: Royal Dutch Shell | 4.53% |
| 2: Sanofi | 3.37% |
| 3: Ing Groep Nv | 2.99% |
| 4: Vodafone Group | 2.01% |
| 5: Novartis Ag | 1.99% |
| 6: Siemens Ag | 1.96% |
| 7: Nissan Motor | 1.95% |
| 8: Astellas Pharma | 1.84% |
| 9: Prudential | 1.83% |
| 10: Vinci | 1.83% |
| Holdings represent 24.30% of portfolio | |
Portfolio Composition as of 08/31/16
| Common stock | 96.69% |
|
|---|---|---|
| Cash and net other assets | 3.31% |
|
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.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
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.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
‡ 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.