‡ 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 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 collaborates with strategy and sector analysts, combining the benefits of a focused boutique with the extensive resources of a global firm.
Management team
- Michael C. Petro, CFA (Investing since 1999)
Daily pricing as of 09/27/23
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $47.4106 | $45.74147 |
| Unit Value Change | 0.433791 | 0.418335 |
Lipper ranking ‡ as of 08/31/23
Category: Small-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 30% | 5/16 |
| 1 yr. | 64% | 12/18 |
| 3 yrs. | 30% | 5/16 |
| 5 yrs. | 24% | 4/16 |
Quick facts as of 08/31/23
| Fiscal Year End | December |
| Asset Class | Putnam Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 104 |
| Turnover (fiscal year end) | 79% |
| Net Assets | $114M |
| Inception Date | 04/30/99 |
Performance
Performance as of 06/30/23
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 7.46% | 5.68% | 7.99% | 19.28% | 3.77% | 6.34% | 6.90% |
| Standardized | -0.54% | -2.32% | -0.01% | 17.37% | 2.71% | 6.34% | 6.90% |
| With optional enhanced death benefit | |||||||
| Unit Value | 7.42% | 5.60% | 7.83% | 19.10% | 3.61% | 6.18% | 6.74% |
| Standardized | -0.58% | -2.40% | -0.17% | 17.19% | 2.55% | 6.18% | 6.74% |
| Actual performance | |||||||
| Unit Value | 7.46% | 5.68% | 7.99% | 19.28% | 3.77% | 6.34% | 6.89% |
| Standardized | -0.54% | -2.32% | -0.01% | 17.37% | 2.71% | 6.34% | 6.89% |
| With optional enhanced death benefit | |||||||
| Unit Value | 7.42% | 5.60% | 7.83% | 19.10% | 3.61% | 6.18% | 6.73% |
| Standardized | -0.58% | -2.40% | -0.17% | 17.19% | 2.55% | 6.18% | 6.73% |
Annual Performance at NAV
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| 37.38% | 1.78% | -5.77% | 25.46% | 6.15% | -21.22% | 22.25% | 2.30% | 37.67% | -14.37% |
| With optional enhanced death benefit | |||||||||
| 37.17% | 1.62% | -5.92% | 25.27% | 5.99% | -21.34% | 22.07% | 2.15% | 37.46% | -14.50% |
Restated performance
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | -2.32% |
| Standardized | -10.13% |
YTD as of 09/27/23 |
|
|---|---|
| Unit Value | 4.73% |
| Standardized | -3.27% |
With optional enhanced death benefit
Monthly as of 08/31/23 |
|
|---|---|
| Unit Value | -2.33% |
| Standardized | -10.14% |
YTD as of 09/27/23 |
|
|---|---|
| Unit Value | 4.62% |
| Standardized | -3.38% |
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 08/31/23
| Alpha (%) | 6.24 |
| Beta | 1.05 |
| R Squared | 0.95 |
| Standard Deviation (3 yrs.) | 24.49 |
Holdings
| First Foundation | 1.94% |
| Celestica | 1.92% |
| Bancorp The | 1.72% |
| Hni Corp | 1.65% |
| Oriental Finl Group Com | 1.62% |
| Ribbon Communications | 1.57% |
| Chart Industries | 1.48% |
| Sp Plus Corp | 1.48% |
| Brookdale Senior Living | 1.44% |
| Cnx Resources Corp | 1.43% |
| Top 10 holdings, total: | 16.25% |
| Top 10 holdings as of 08/31/23 | |
|---|---|
| 1: First Foundation | 1.94% |
| 2: Celestica | 1.92% |
| 3: Bancorp The | 1.72% |
| 4: Hni Corp | 1.65% |
| 5: Oriental Finl Group Com | 1.62% |
| 6: Ribbon Communications | 1.57% |
| 7: Chart Industries | 1.48% |
| 8: Sp Plus Corp | 1.48% |
| 9: Brookdale Senior Living | 1.44% |
| 10: Cnx Resources Corp | 1.43% |
| Holdings represent 16.25% of portfolio | |
| Top 10 holdings as of 07/31/23 | |
|---|---|
| 1: Oriental Finl Group Com | 1.78% |
| 2: Celestica | 1.77% |
| 3: Bancorp The | 1.77% |
| 4: Ribbon Communications | 1.60% |
| 5: First Foundation | 1.53% |
| 6: Chart Industries | 1.45% |
| 7: Diamond Offshore Drilling | 1.43% |
| 8: Rithm Capital Corp | 1.41% |
| 9: Hni Corp | 1.38% |
| 10: Walker Dunlop | 1.33% |
| Holdings represent 15.45% of portfolio | |
| Top 10 holdings as of 06/30/23 | |
|---|---|
| 1: Bancorp The | 1.63% |
| 2: Oriental Finl Group Com | 1.52% |
| 3: Aviat Networks | 1.50% |
| 4: Brookdale Senior Living | 1.48% |
| 5: Diamond Offshore Drilling | 1.43% |
| 6: Graphic Packaging Holding | 1.40% |
| 7: Rithm Capital Corp | 1.40% |
| 8: Sp Plus Corp | 1.38% |
| 9: Chart Industries | 1.35% |
| 10: Celestica | 1.34% |
| Holdings represent 14.41% of portfolio | |
| Top 10 holdings as of 05/31/23 | |
|---|---|
| 1: Bancorp The | 1.75% |
| 2: Aviat Networks | 1.72% |
| 3: Api Group Corp | 1.72% |
| 4: Vontier Corp | 1.69% |
| 5: Radnet | 1.61% |
| 6: Graphic Packaging Holding | 1.59% |
| 7: Oriental Finl Group Com | 1.55% |
| 8: Sp Plus Corp | 1.42% |
| 9: Rithm Capital Corp | 1.40% |
| 10: Ribbon Communications | 1.40% |
| Holdings represent 15.85% of portfolio | |
Portfolio Composition as of 08/31/23
| Common stock | 99.27% |
| Cash and net other assets | 0.73% |
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.
Sector weightings as of 08/31/23
| Financials | 24.71% |
|---|---|
| Industrials | 21.17% |
| Consumer discretionary | 10.43% |
| Energy | 10.01% |
| Health care | 8.31% |
| Information technology | 6.10% |
| Real estate | 5.06% |
| Utilities | 4.85% |
| Materials | 4.76% |
| Other | 4.60% |
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% |