‡ 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.
Putnam Advisor Plus
Putnam Emerging Markets Equity Subaccount
The subaccount seeks long-term capital appreciation.
Fund description
The subaccount invests at least 80% of its assets in stocks of emerging market companies believed to have favorable investment potential. It may invest in growth and value stocks of companies of all sizes. The management team focuses on a number of factors when making investment decisions, including company valuation, financial strength, and competitive position within the industry. The team also evaluates projected future earnings and cash flow, as well as dividend yields within the context of current macroeconomic themes.
Sales story
Pursuing growth opportunities in developing economies
- Mispriced earnings potentialWe invest across emerging markets with the philosophy that identifying high-quality companies with mispriced earnings growth can potentially deliver alpha.
- Durable growth driversOur investment process seeks to develop a differentiated view on future company earnings through insights on durable moats that sustain a company’s drivers of growth.
- Focused, best-ideas fundThe team seeks to smooth performance volatility by building a portfolio with emphasis on companies we believe have strong balance sheets and potential for above-average profitability.
Management team
- Brian S. Freiwald, CFA (Investing since 2004)
Daily pricing as of 10/04/24
with optional enhanced death benefits | ||
---|---|---|
Unit Value | $9.68591 | $9.330486 |
Unit Value Change | 0.109217 | 0.105171 |
Lipper ranking ‡ as of 08/31/24
Category: Emerging Markets Funds
Percentile ranking | Rank/Funds in category | |
---|---|---|
10 yrs. | 19% | 12/63 |
1 yr. | 8% | 6/81 |
3 yrs. | 63% | 49/78 |
5 yrs. | 36% | 27/76 |
Quick facts as of 09/30/24
Fiscal Year End | December |
Asset Class | Putnam Advisor Plus |
Subaccount Status | Open to new investors |
Number of issues | 61 |
Turnover (fiscal year end) | 118% |
Net Assets | $25M |
Inception Date | 01/02/97 |
Performance
Performance as of 09/30/24
Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
---|---|---|---|---|---|---|---|
Restated performance | |||||||
Unit Value | 2.85% | 18.03% | 27.95% | -3.18% | 3.65% | 2.25% | 2.97% |
Standardized | -5.15% | 10.03% | 19.95% | -5.83% | 2.59% | 2.25% | 2.97% |
With optional enhanced death benefit | |||||||
Unit Value | 2.81% | 17.90% | 27.76% | -3.33% | 3.50% | 2.10% | 2.81% |
Standardized | -5.19% | 9.90% | 19.76% | -5.98% | 2.43% | 2.10% | 2.81% |
Actual performance | |||||||
Unit Value | 2.85% | 18.03% | 27.95% | -3.18% | 3.65% | 2.25% | -0.43% |
Standardized | -5.15% | 10.03% | 19.95% | -5.83% | 2.59% | 2.25% | -0.43% |
With optional enhanced death benefit | |||||||
Unit Value | 2.81% | 17.90% | 27.76% | -3.33% | 3.50% | 2.10% | -0.58% |
Standardized | -5.19% | 9.90% | 19.76% | -5.98% | 2.43% | 2.10% | -0.58% |
Annual Performance at NAV
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|
-7.65% | -0.50% | -8.21% | 32.89% | -19.95% | 22.93% | 25.89% | -5.72% | -28.63% | 9.81% |
With optional enhanced death benefit | |||||||||
-7.79% | -0.65% | -8.35% | 32.69% | -20.07% | 22.75% | 25.70% | -5.87% | -28.74% | 9.64% |
Restated performance
Monthly as of 09/30/24 |
|
---|---|
Unit Value | 3.24% |
Standardized | -4.76% |
YTD as of 10/04/24 |
|
---|---|
Unit Value | 20.68% |
Standardized | 12.68% |
With optional enhanced death benefit
Monthly as of 09/30/24 |
|
---|---|
Unit Value | 3.23% |
Standardized | -4.77% |
YTD as of 10/04/24 |
|
---|---|
Unit Value | 20.55% |
Standardized | 12.55% |
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 08/31/24
Alpha (%) | -1.29 |
Beta | 1.01 |
R Squared | 0.91 |
Standard Deviation (3 yrs.) | 18.12 |
Holdings
Taiwan Semiconductor Manufacturing | 11.25% |
Tencent Holdings | 7.88% |
Samsung Electronics | 5.40% |
iShares Core MSCI Emerging Markets ETF | 4.55% |
Icici Bank | 4.07% |
Bank Of China | 2.87% |
Tata Consultancy Services | 2.62% |
Petrochina | 2.11% |
Hon Hai Precision Industry | 2.10% |
International Container Terminal Services | 1.84% |
Top 10 holdings, total: | 44.69% |
Top 10 holdings as of 08/31/24 | |
---|---|
1: Taiwan Semiconductor Manufacturing | 11.25% |
2: Tencent Holdings | 7.88% |
3: Samsung Electronics | 5.40% |
4: iShares Core MSCI Emerging Markets ETF | 4.55% |
5: Icici Bank | 4.07% |
6: Bank Of China | 2.87% |
7: Tata Consultancy Services | 2.62% |
8: Petrochina | 2.11% |
9: Hon Hai Precision Industry | 2.10% |
10: International Container Terminal Services | 1.84% |
Holdings represent 44.69% of portfolio |
Top 10 holdings as of 07/31/24 | |
---|---|
1: Taiwan Semiconductor Manufacturing | 11.18% |
2: Tencent Holdings | 7.51% |
3: Samsung Electronics | 5.53% |
4: iShares Core MSCI Emerging Markets ETF | 4.51% |
5: Icici Bank | 4.15% |
6: Bank Of China | 2.84% |
7: Tata Consultancy Services | 2.54% |
8: Petrochina | 2.05% |
9: Hon Hai Precision Industry | 1.97% |
10: Pdd Holdings | 1.80% |
Holdings represent 44.09% of portfolio |
Top 10 holdings as of 06/30/24 | |
---|---|
1: Taiwan Semiconductor Manufacturing | 13.18% |
2: Tencent Holdings | 7.51% |
3: Samsung Electronics | 5.19% |
4: Icici Bank | 4.01% |
5: Bank Of China | 2.84% |
6: Sk Hynix | 2.56% |
7: Petrochina | 2.32% |
8: iShares Core MSCI Emerging Markets ETF | 2.32% |
9: Tata Consultancy Services | 2.21% |
10: Hon Hai Precision Industry | 2.04% |
Holdings represent 44.19% of portfolio |
Top 10 holdings as of 05/31/24 | |
---|---|
1: Taiwan Semiconductor Manufacturing | 12.56% |
2: Tencent Holdings | 7.68% |
3: Samsung Electronics | 4.94% |
4: Icici Bank | 4.15% |
5: Sk Hynix | 3.21% |
6: Bank Of China | 2.87% |
7: Petrochina | 2.45% |
8: Grupo Financiero Banorte Sab De Cv | 2.45% |
9: iShares Core MSCI Emerging Markets ETF | 2.38% |
10: Tata Consultancy Services | 2.19% |
Holdings represent 44.89% of portfolio |
Portfolio Composition as of 08/31/24
Common stock | 97.76% |
Cash and net other assets | 2.24% |
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. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. 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 08/31/24
Information technology | 26.35% |
---|---|
Financials | 19.92% |
Consumer discretionary | 13.77% |
Communication services | 10.09% |
Industrials | 7.82% |
Unclassified | 4.55% |
Health care | 3.57% |
Materials | 3.49% |
Utilities | 2.35% |
Other | 8.11% |
0
Country Allocation as of 08/31/24
India | 24.19% |
---|---|
China | 19.27% |
Taiwan | 17.04% |
South Korea | 11.23% |
United States | 5.06% |
Brazil | 4.37% |
Indonesia | 3.35% |
Cash and net other assets | 2.24% |
Philippines | 1.84% |
Other | 11.38% |
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% |