‡ 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 Allstate Advisor Plus
Putnam Small Cap Value Subaccount
The subaccount seeks capital appreciation.
Fund description
The subaccount pursues its objective of long-term capital appreciation by investing in stocks of small companies that are undergoing positive changes. In accordance with its value strategy, it seeks holdings that have below-average price/earnings ratios and that are priced below their long-term business value. The subaccount's focus on low valuation helps to manage the risk associated with investing in small companies.
Sales story
Pursuing capital appreciation through undervalued small companiesSmall companiesOften overlooked by Wall Street analysts, the stocks of small companies can be attractive opportunities.Active value strategyThe strategy seeks undervalued companies with improving fundamentals or catalysts that may unlock potential.Rigorous researchThe portfolio manager and a team of senior research analysts combine the collaboration of a boutique with the extensive resources of a large global firm.
Management team
- Michael C. Petro, CFA (Investing since 1999)
Daily pricing as of 01/14/21
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $41.635767 | $40.333194 |
| Unit Value Change | 0.803342 | 0.77805 |
Lipper ranking ‡ as of 11/30/20
Category: Small-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 58% | 20/34 |
| 1 yr. | 71% | 26/36 |
| 3 yrs. | 76% | 28/36 |
| 5 yrs. | 84% | 31/36 |
Quick facts as of 12/31/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 110 |
| Turnover (fiscal year end) | 164% |
| Net Assets | $119M |
| Inception Date | 04/30/99 |
Performance
Performance as of 12/31/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 33.82% | 2.30% | 2.30% | -0.49% | 5.58% | 6.48% | 6.64% |
| Standardized | 25.82% | -5.70% | -5.70% | -3.22% | 4.60% | 6.48% | 6.64% |
| With optional enhanced death benefit | |||||||
| Unit Value | 33.77% | 2.15% | 2.15% | -0.64% | 5.43% | 6.32% | 6.48% |
| Standardized | 25.77% | -5.85% | -5.85% | -3.37% | 4.44% | 6.32% | 6.48% |
| Actual performance | |||||||
| Unit Value | 33.82% | 2.30% | 2.30% | -0.49% | 5.58% | 6.48% | 6.62% |
| Standardized | 25.82% | -5.70% | -5.70% | -3.22% | 4.60% | 6.48% | 6.62% |
| With optional enhanced death benefit | |||||||
| Unit Value | 33.77% | 2.15% | 2.15% | -0.64% | 5.43% | 6.32% | 6.46% |
| Standardized | 25.77% | -5.85% | -5.85% | -3.37% | 4.44% | 6.32% | 6.46% |
Annual Performance at NAV
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|
| -6.25% | 15.60% | 37.38% | 1.78% | -5.77% | 25.46% | 6.15% | -21.22% | 22.25% | 2.30% |
| With optional enhanced death benefit | |||||||||
| -6.39% | 15.43% | 37.17% | 1.62% | -5.92% | 25.27% | 5.99% | -21.34% | 22.07% | 2.15% |
Restated performance
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 9.97% |
| Standardized | 1.97% |
YTD as of 01/14/21 |
|
|---|---|
| Unit Value | 8.42% |
| Standardized | 0.42% |
With optional enhanced death benefit
Monthly as of 12/31/20 |
|
|---|---|
| Unit Value | 9.96% |
| Standardized | 1.96% |
YTD as of 01/14/21 |
|
|---|---|
| Unit Value | 8.42% |
| Standardized | 0.42% |
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 11/30/20
| Alpha (%) | -2.34 |
| Beta | 1.11 |
| R Squared | 0.97 |
| Standard Deviation (3 yrs.) | 29.04 |
Holdings
| Ibex Holdings | 2.05% |
| Vista Outdoor | 1.65% |
| Investors Bancorp | 1.42% |
| Ribbon Communications | 1.41% |
| Oriental Finl Group Com | 1.38% |
| Major Drilling | 1.35% |
| Tronox Holdings | 1.31% |
| Allegiant Travel | 1.29% |
| Unifi | 1.28% |
| Connectone Bancorp | 1.22% |
| Top 10 holdings, total: | 14.36% |
| Top 10 holdings as of 11/30/20 | |
|---|---|
| 1: Ibex Holdings | 2.05% |
| 2: Vista Outdoor | 1.65% |
| 3: Investors Bancorp | 1.42% |
| 4: Ribbon Communications | 1.41% |
| 5: Oriental Finl Group Com | 1.38% |
| 6: Major Drilling | 1.35% |
| 7: Tronox Holdings | 1.31% |
| 8: Allegiant Travel | 1.29% |
| 9: Unifi | 1.28% |
| 10: Connectone Bancorp | 1.22% |
| Holdings represent 14.36% of portfolio | |
| Top 10 holdings as of 10/31/20 | |
|---|---|
| 1: Vista Outdoor | 1.79% |
| 2: Ibex | 1.75% |
| 3: Major Drilling | 1.65% |
| 4: Oriental Finl Group Com | 1.36% |
| 5: Wabash National Corp | 1.34% |
| 6: Unisys Corp | 1.30% |
| 7: Purple Innovation | 1.30% |
| 8: Everi Holdings | 1.29% |
| 9: Investors Bancorp | 1.27% |
| 10: Walker Dunlop | 1.25% |
| Holdings represent 14.30% of portfolio | |
| Top 10 holdings as of 09/30/20 | |
|---|---|
| 1: Vista Outdoor | 1.84% |
| 2: Major Drilling | 1.82% |
| 3: Ibex | 1.79% |
| 4: Everi Holdings | 1.46% |
| 5: Quanex Building Products Corp | 1.38% |
| 6: Purple Innovation | 1.30% |
| 7: Barings Bdc | 1.27% |
| 8: Store Capital Corp | 1.24% |
| 9: Arch Resources | 1.22% |
| 10: Zumiez | 1.22% |
| Holdings represent 14.54% of portfolio | |
| Top 10 holdings as of 08/31/20 | |
|---|---|
| 1: Vista Outdoor | 1.90% |
| 2: Major Drilling | 1.69% |
| 3: Ibex | 1.54% |
| 4: Shoe Carnival | 1.46% |
| 5: Quanex Building Products Corp | 1.40% |
| 6: Griffon Corp | 1.33% |
| 7: Everi Holdings | 1.28% |
| 8: Barings Bdc | 1.26% |
| 9: Newpark Resources | 1.24% |
| 10: Lions Gate Entertainment Corp | 1.18% |
| Holdings represent 14.28% of portfolio | |
| IBEX LTD SEDOL BLF81K2 | 1.76% | VISTA OUTDOOR INC SEDOL BVGC697 | 1.75% | MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.60% | UNIFI INC SEDOL 2911865 | 1.55% | TRONOX HOLDINGS PLC- A SEDOL BJT16S6 | 1.43% | INVESTORS BANCORP INC SEDOL BMHT4M3 | 1.39% | OFG BANCORP SEDOL B87LKR8 | 1.39% | UNISYS CORP SEDOL 2931595 | 1.34% | ALLEGIANT TRAVEL CO SEDOL B15M2C3 | 1.30% | ORBCOMM INC SEDOL B19FR01 | 1.27% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.25% | CADENCE BANCORP SEDOL BYWVH74 | 1.24% | AMERIS BANCORP SEDOL 2038849 | 1.21% | EVERI HOLDINGS INC SEDOL BYV34V4 | 1.20% | QCR HOLDINGS INC. | 1.16% | NEWPARK RESOURCES INC SEDOL 2636878 | 1.16% | VECTRUS INC SEDOL BQS2V17 | 1.12% | RADNET INC SEDOL B1JNG19 | 1.11% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 1.09% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 1.09% | PREMIER FINANCIAL CORP SEDOL BLFBX72 | 1.08% | RIBBON COMMUNICATIONS INC SEDOL BD2BLX1 | 1.08% | HILLENBRAND INC SEDOL B2QGDP1 | 1.07% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 1.07% | OTTER TAIL CORP SEDOL 2664103 | 1.07% | CITI TRENDS INC SEDOL B06FLD8 | 1.06% | LAKELAND BANCORP INC SEDOL 2620031 | 1.05% | UNITIL CORP SEDOL 2925037 | 1.05% | CRANE CO SEDOL 2231897 | 1.04% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 1.03% | FIRST HORIZON NATIONAL CORP | 1.03% | VERSO CORP - A SEDOL BYN9TR1 | 1.03% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 1.02% | ARCH RESOURCES INC SEDOL BLB8B95 | 1.01% | BARINGS BDC INC SEDOL BFZ4N57 | 1.01% | WABASH NATIONAL CORP SEDOL 2932048 | 1.01% | IMAX CORP SEDOL 2473859 | 1.00% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 0.99% | UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 0.98% | ADVANSIX INC SEDOL BYMMZL7 | 0.97% | WALKER & DUNLOP INC SEDOL B4TZV44 | 0.96% | ACCO BRANDS CORP SEDOL B0G7SZ5 | 0.96% | NESCO HOLDINGS INC SEDOL BHTGB71 | 0.96% | UNIVERSAL ELECTRONICS INC SEDOL 2911683 | 0.95% | ZUMIEZ INC SEDOL B081QB7 | 0.95% | EASTERN BANKSHARES INC SEDOL BMXL9H3 | 0.94% | STIFEL FINANCIAL CORP SEDOL 2849234 | 0.94% | MYR GROUP INC/DELAWARE SEDOL B3CLS18 | 0.94% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 0.93% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.92% | COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 0.92% | KOPPERS HOLDINGS INC SEDOL B0X46B1 | 0.92% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.90% | DOMTAR CORP SEDOL B1T84Z4 | 0.90% | MGIC INVESTMENT CORP SEDOL 2548616 | 0.90% | NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.90% | RADIANT LOGISTICS INC SEDOL B065G33 | 0.90% | NESCO HOLDINGS INC | 0.89% | RLJ LODGING TRUST SEDOL B3PY1N7 | 0.89% | XENIA HOTELS & RESORTS INC SEDOL BVV6CY1 | 0.89% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 0.88% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 0.88% | INDEPENDENT BANK CORP - MICH SEDOL 2492133 | 0.88% | BERRY GLOBAL GROUP INC SEDOL B8BR3H3 | 0.88% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.88% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 0.88% | ELEMENT SOLUTIONS INC SEDOL BJ1C2K1 | 0.87% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.87% | SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.86% | XPERI HOLDING CORP SEDOL BMWP0C8 | 0.86% | COOPER TIRE & RUBBER SEDOL 2222608 | 0.85% | FLAGSTAR BANCORP INC SEDOL B7SVZ97 | 0.84% | SHOE CARNIVAL INC SEDOL 2805474 | 0.84% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 0.83% | BERKSHIRE HILLS BANCORP INC SEDOL 2606570 | 0.83% | STORE CAPITAL CORP SEDOL BSKRKJ5 | 0.82% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 0.82% | INSTEEL INDUSTRIES INC SEDOL 2325875 | 0.81% | CLEAN HARBORS INC SEDOL 2202473 | 0.80% | JABIL INC SEDOL 2471789 | 0.80% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.78% | TECNOGLASS INC SEDOL BHCVTN5 | 0.78% | STERLING CONSTRUCTION CO | 0.78% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.78% | CARTERS INC | 0.77% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 0.77% | PLYMOUTH INDUSTRIAL REIT INC SEDOL BF43645 | 0.74% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.74% | OLYMPIC STEEL INC SEDOL 2659013 | 0.73% | BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.71% | SILGAN HOLDINGS INC SEDOL 2809324 | 0.70% | CECO ENVIRONMENTAL CORP SEDOL 2011970 | 0.68% | DARDEN RESTAURANTS INC SEDOL 2289874 | 0.68% | CEDAR FAIR LP SEDOL 2181453 | 0.67% | INGLES MARKETS INC-CLASS A SEDOL 2460550 | 0.66% | CHESAPEAKE UTILITIES CORP SEDOL 2190750 | 0.65% | UNIVERSAL LOGISTICS HOLDINGS SEDOL B066PX9 | 0.65% | ANDERSONS INC/THE SEDOL 2274922 | 0.64% | EMERALD HOLDING INC SEDOL BKT61V6 | 0.63% | RANGE RESOURCES CORP SEDOL 2523334 | 0.60% | BAYCOM CORP SEDOL BYSTY59 | 0.58% | SCORPIO TANKERS INC SEDOL BHXD297 | 0.58% | LIMELIGHT NETWORKS INC SEDOL B1YB674 | 0.56% | CONCENTRIX CORP SEDOL BNKVVY4 | 0.45% | MYERS INDUSTRIES INC SEDOL 2613086 | 0.37% | CRESCENT CAPITAL BDC INC SEDOL BKKFCK8 | 0.35% | CROSSFIRST BANKSHARES INC SEDOL BK0XBX8 | 0.34% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.30% | NESCO HOLDINGS-CW25 SEDOL BJ01GS5 | 0.02% | BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% | FERROGLOBE REPRESENTATION & | 0.00% |
| VISTA OUTDOOR INC SEDOL BVGC697 | 1.84% | MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.82% | IBEX LTD SEDOL BLF81K2 | 1.79% | EVERI HOLDINGS INC SEDOL BYV34V4 | 1.46% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 1.38% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 1.30% | BARINGS BDC INC SEDOL BFZ4N57 | 1.27% | STORE CAPITAL CORP SEDOL BSKRKJ5 | 1.24% | ARCH RESOURCES INC SEDOL BLB8B95 | 1.22% | ZUMIEZ INC SEDOL B081QB7 | 1.22% | SYNNEX CORP SEDOL 2002554 | 1.21% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 1.20% | OFG BANCORP SEDOL B87LKR8 | 1.18% | WALKER & DUNLOP INC SEDOL B4TZV44 | 1.18% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 1.17% | FLAGSTAR BANCORP INC SEDOL B7SVZ97 | 1.17% | WABASH NATIONAL CORP SEDOL 2932048 | 1.17% | MAGELLAN HEALTH INC SEDOL 2307787 | 1.16% | GRIFFON CORP SEDOL 2463344 | 1.13% | VECTRUS INC SEDOL BQS2V17 | 1.12% | UNITIL CORP SEDOL 2925037 | 1.10% | LAKELAND BANCORP INC SEDOL 2620031 | 1.10% | QCR HOLDINGS INC. | 1.10% | AVAYA HOLDINGS CORP SEDOL BD9G9B3 | 1.09% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.09% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.08% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.07% | BUILDERS FIRSTSOURCE INC SEDOL B0BV2M7 | 1.05% | DARDEN RESTAURANTS INC SEDOL 2289874 | 1.05% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 1.05% | INVESTORS BANCORP INC SEDOL BMHT4M3 | 1.04% | PNM RESOURCES INC SEDOL 2707826 | 1.00% | PHOTRONICS INC SEDOL 2687315 | 1.00% | ALLEGIANT TRAVEL CO SEDOL B15M2C3 | 0.99% | CECO ENVIRONMENTAL CORP SEDOL 2011970 | 0.99% | FIRST HORIZON NATIONAL CORP | 0.99% | RIBBON COMMUNICATIONS INC SEDOL BD2BLX1 | 0.99% | BERRY GLOBAL GROUP INC SEDOL B8BR3H3 | 0.98% | COOPER TIRE & RUBBER SEDOL 2222608 | 0.97% | UNISYS CORP SEDOL 2931595 | 0.97% | SHOE CARNIVAL INC SEDOL 2805474 | 0.95% | MAXAR TECHNOLOGIES INC SEDOL BF2KYF5 | 0.94% | KAR AUCTION SERVICES INC SEDOL B4Y1MH7 | 0.94% | MYR GROUP INC/DELAWARE SEDOL B3CLS18 | 0.93% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 0.93% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 0.93% | IMAX CORP SEDOL 2473859 | 0.92% | SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.91% | CRANE CO SEDOL 2231897 | 0.90% | NESCO HOLDINGS INC SEDOL BHTGB71 | 0.90% | BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.90% | NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.89% | LIMELIGHT NETWORKS INC SEDOL B1YB674 | 0.89% | TCF FINANCIAL CORP SEDOL BK5FNZ5 | 0.89% | MGIC INVESTMENT CORP SEDOL 2548616 | 0.88% | ADVANSIX INC SEDOL BYMMZL7 | 0.88% | STERLING CONSTRUCTION CO | 0.88% | UNIFIRST CORP/MA SEDOL 2466428 | 0.88% | INGLES MARKETS INC-CLASS A SEDOL 2460550 | 0.87% | ELEMENT SOLUTIONS INC SEDOL BJ1C2K1 | 0.86% | ACCO BRANDS CORP SEDOL B0G7SZ5 | 0.86% | PLYMOUTH INDUSTRIAL REIT INC SEDOL BF43645 | 0.86% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.85% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 0.85% | UNIVERSAL ELECTRONICS INC SEDOL 2911683 | 0.85% | CORE-MARK HOLDING CO INC SEDOL B0637B2 | 0.84% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.83% | SILGAN HOLDINGS INC SEDOL 2809324 | 0.83% | PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.83% | TRIPLEPOINT VENTURE GROWTH B SEDOL BK8G322 | 0.81% | CLEVELAND-CLIFFS INC SEDOL BYVZ186 | 0.81% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.81% | KOPPERS HOLDINGS INC SEDOL B0X46B1 | 0.80% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 0.80% | TECNOGLASS INC SEDOL BHCVTN5 | 0.80% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 0.79% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.79% | RANGE RESOURCES CORP SEDOL 2523334 | 0.78% | MURPHY USA INC SEDOL BCZWJ63 | 0.78% | PARSONS CORP SEDOL BJN4N02 | 0.78% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 0.77% | CHESAPEAKE UTILITIES CORP SEDOL 2190750 | 0.76% | BIG LOTS INC SEDOL 2218447 | 0.75% | SCORPIO TANKERS INC SEDOL BHXD297 | 0.74% | JABIL INC SEDOL 2471789 | 0.74% | QTS REALTY TRUST INC-CL A SEDOL BDSV8H8 | 0.74% | NEWPARK RESOURCES INC SEDOL 2636878 | 0.73% | UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 0.72% | KKR REAL ESTATE FINANCE TRUS SEDOL BF0YMC2 | 0.72% | INDEPENDENT BANK CORP - MICH SEDOL 2492133 | 0.72% | UNIVERSAL LOGISTICS HOLDINGS SEDOL B066PX9 | 0.71% | RADIANT LOGISTICS INC SEDOL B065G33 | 0.70% | AMERIS BANCORP SEDOL 2038849 | 0.66% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.65% | CONSOLIDATED WATER CO-ORD SH SEDOL 2099095 | 0.64% | OCEANFIRST FINANCIAL CORP SEDOL 2125901 | 0.62% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.61% | OLYMPIC STEEL INC SEDOL 2659013 | 0.58% | BAYCOM CORP SEDOL BYSTY59 | 0.51% | CITI TRENDS INC SEDOL B06FLD8 | 0.51% | CARTERS INC | 0.49% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.44% | PALOMAR HOLDINGS INC SEDOL BJYLZK6 | 0.44% | INSTEEL INDUSTRIES INC SEDOL 2325875 | 0.42% | TRICO BANCSHARES SEDOL 2904133 | 0.40% | CRESCENT CAPITAL BDC INC SEDOL BKKFCK8 | 0.40% | OTTER TAIL CORP SEDOL 2664103 | 0.34% | EMERALD HOLDING INC SEDOL BKT61V6 | 0.34% | TURNING POINT BRANDS INC SEDOL BYQ7X92 | 0.32% | VERSO CORP - A SEDOL BYN9TR1 | 0.31% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.26% | STATE AUTO FINANCIAL CORP SEDOL 2841898 | 0.05% | UNIFI INC SEDOL 2911865 | 0.02% | NESCO HOLDINGS-CW25 SEDOL BJ01GS5 | 0.01% | BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% | FERROGLOBE REPRESENTATION & | 0.00% |
Portfolio Composition as of 11/30/20
| Common stock | 99.70% |
| Cash and net other assets | 0.30% |
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Value stocks may fail to rebound, and the market may not favor value-style investing. 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. These risks are generally greater for small and midsize companies. 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. 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 11/30/20
| Financials | 26.14% |
|---|---|
| Industrials | 20.20% |
| Consumer discretionary | 14.30% |
| Materials | 9.87% |
| Real estate | 7.13% |
| Information technology | 6.82% |
| Health care | 4.21% |
| Energy | 4.14% |
| Communication services | 3.65% |
| Other | 3.54% |
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% |