‡ 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 companies: Often overlooked by Wall Street analysts, the stocks of small companies can represent attractive opportunities to firms with strong research capabilities.A value strategy: The fund focuses on finding small companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.Rigorous research: The portfolio managers and a team of senior research analysts offer 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 09/30/20
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $28.695421 | $27.809729 |
| Unit Value Change | 0.037256 | 0.035992 |
Lipper ranking ‡ as of 08/31/20
Category: Small-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 41% | 13/31 |
| 1 yr. | 61% | 20/32 |
| 3 yrs. | 82% | 27/32 |
| 5 yrs. | 79% | 26/32 |
Quick facts as of 08/31/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 111 |
| Turnover (fiscal year end) | 164% |
| Net Assets | $98M |
| Inception Date | 04/30/99 |
Performance
Performance as of 09/30/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 1.78% | -23.56% | -16.70% | -8.95% | -0.07% | 5.01% | 5.28% |
| Standardized | -6.22% | -29.67% | -23.37% | -11.45% | -1.30% | 5.01% | 5.28% |
| With optional enhanced death benefit | |||||||
| Unit Value | 1.74% | -23.64% | -16.83% | -9.09% | -0.22% | 4.85% | 5.12% |
| Standardized | -6.26% | -29.75% | -23.48% | -11.58% | -1.45% | 4.85% | 5.12% |
| Actual performance | |||||||
| Unit Value | 1.78% | -23.56% | -16.70% | -8.95% | -0.07% | 5.01% | 5.20% |
| Standardized | -6.22% | -29.67% | -23.37% | -11.45% | -1.30% | 5.01% | 5.20% |
| With optional enhanced death benefit | |||||||
| Unit Value | 1.74% | -23.64% | -16.83% | -9.09% | -0.22% | 4.85% | 5.04% |
| Standardized | -6.26% | -29.75% | -23.48% | -11.58% | -1.45% | 4.85% | 5.04% |
Annual Performance at NAV
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| 23.97% | -6.25% | 15.60% | 37.38% | 1.78% | -5.77% | 25.46% | 6.15% | -21.22% | 22.25% |
| With optional enhanced death benefit | |||||||||
| 23.78% | -6.39% | 15.43% | 37.17% | 1.62% | -5.92% | 25.27% | 5.99% | -21.34% | 22.07% |
Restated performance
Monthly as of 09/30/20 |
|
|---|---|
| Unit Value | -4.61% |
| Standardized | -12.24% |
YTD as of 09/30/20 |
|
|---|---|
| Unit Value | -23.56% |
| Standardized | -29.67% |
With optional enhanced death benefit
Monthly as of 09/30/20 |
|
|---|---|
| Unit Value | -4.63% |
| Standardized | -12.26% |
YTD as of 09/30/20 |
|
|---|---|
| Unit Value | -23.64% |
| Standardized | -29.75% |
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 08/31/20
| Alpha (%) | -2.50 |
| Beta | 1.13 |
| R Squared | 0.97 |
| Standard Deviation (3 yrs.) | 26.84 |
Holdings
| Vista Outdoor | 1.90% |
| Major Drilling | 1.69% |
| Ibex | 1.54% |
| Shoe Carnival | 1.46% |
| Quanex Building Products Corp | 1.40% |
| Griffon Corp | 1.33% |
| Everi Holdings | 1.28% |
| Barings Bdc | 1.26% |
| Newpark Resources | 1.24% |
| Lions Gate Entertainment Corp | 1.18% |
| Top 10 holdings, total: | 14.28% |
| 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 | |
| Top 10 holdings as of 07/31/20 | |
|---|---|
| 1: Vista Outdoor | 2.16% |
| 2: Turning Point Brands | 1.91% |
| 3: Major Drilling | 1.55% |
| 4: Louisiana-Pacific Corp | 1.44% |
| 5: Purple Innovation | 1.34% |
| 6: Griffon Corp | 1.30% |
| 7: Vectrus | 1.29% |
| 8: Photronics | 1.26% |
| 9: Newpark Resources | 1.25% |
| 10: Element Solutions | 1.20% |
| Holdings represent 14.70% of portfolio | |
| Top 10 holdings as of 06/30/20 | |
|---|---|
| 1: Vista Outdoor | 2.02% |
| 2: Newpark Resources | 1.45% |
| 3: Qts Realty Trust | 1.44% |
| 4: Vectrus | 1.43% |
| 5: Limelight Networks | 1.39% |
| 6: Shoe Carnival | 1.27% |
| 7: Louisiana-Pacific Corp | 1.27% |
| 8: Element Solutions | 1.26% |
| 9: Purple Innovation | 1.25% |
| 10: Ingles Markets | 1.23% |
| Holdings represent 14.01% of portfolio | |
| Top 10 holdings as of 05/31/20 | |
|---|---|
| 1: Purple Innovation | 1.79% |
| 2: Vectrus | 1.64% |
| 3: Qts Realty Trust | 1.61% |
| 4: Vista Outdoor | 1.54% |
| 5: Caci International | 1.44% |
| 6: Newpark Resources | 1.36% |
| 7: Parsons Corp | 1.35% |
| 8: Magellan Health | 1.31% |
| 9: Element Solutions | 1.30% |
| 10: Unitil Corp | 1.28% |
| Holdings represent 14.62% of portfolio | |
| VISTA OUTDOOR INC SEDOL BVGC697 | 2.02% | NEWPARK RESOURCES INC SEDOL 2636878 | 1.45% | QTS REALTY TRUST INC-CL A SEDOL BDSV8H8 | 1.44% | VECTRUS INC SEDOL BQS2V17 | 1.42% | LIMELIGHT NETWORKS INC SEDOL B1YB674 | 1.39% | SHOE CARNIVAL INC SEDOL 2805474 | 1.27% | LOUISIANA-PACIFIC CORP SEDOL 2535243 | 1.27% | ELEMENT SOLUTIONS INC SEDOL BJ1C2K1 | 1.26% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 1.25% | INGLES MARKETS INC-CLASS A SEDOL 2460550 | 1.23% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 1.22% | QCR HOLDINGS INC. | 1.21% | SYNNEX CORP SEDOL 2002554 | 1.21% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 1.20% | PHOTRONICS INC SEDOL 2687315 | 1.19% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.17% | BARINGS BDC INC SEDOL BFZ4N57 | 1.17% | MAGELLAN HEALTH INC SEDOL 2307787 | 1.17% | LAKELAND BANCORP INC SEDOL 2620031 | 1.16% | UNITIL CORP SEDOL 2925037 | 1.15% | LUMENTUM HOLDINGS INC SEDOL BYM9ZP2 | 1.13% | TURNING POINT BRANDS INC SEDOL BYQ7X92 | 1.13% | SILGAN HOLDINGS INC SEDOL 2809324 | 1.13% | BIG LOTS INC SEDOL 2218447 | 1.13% | SILICON MOTION TECHNOL-ADR SEDOL B0CL646 | 1.12% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.10% | WALKER & DUNLOP INC SEDOL B4TZV44 | 1.09% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 1.09% | BERRY GLOBAL GROUP INC SEDOL B8BR3H3 | 1.07% | FLAGSTAR BANCORP INC SEDOL B7SVZ97 | 1.06% | PARSONS CORP SEDOL BJN4N02 | 1.06% | MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.06% | OFG BANCORP SEDOL B87LKR8 | 1.06% | ZUMIEZ INC SEDOL B081QB7 | 1.05% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.05% | CACI INTERNATIONAL INC -CL A SEDOL 2159267 | 1.05% | TCF FINANCIAL CORP SEDOL BK5FNZ5 | 1.05% | COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 1.04% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 1.03% | AVAYA HOLDINGS CORP SEDOL BD9G9B3 | 1.02% | PREMIER INC-CLASS A SEDOL BDZDRC5 | 1.01% | CHESAPEAKE UTILITIES CORP SEDOL 2190750 | 1.01% | MURPHY USA INC SEDOL BCZWJ63 | 1.01% | PNM RESOURCES INC SEDOL 2707826 | 1.00% | INVESTORS BANCORP INC SEDOL BMHT4M3 | 0.99% | LIGAND PHARMACEUTICALS SEDOL 2501578 | 0.99% | CECO ENVIRONMENTAL CORP SEDOL 2011970 | 0.99% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 0.98% | GRIFFON CORP SEDOL 2463344 | 0.98% | STEELCASE INC-CL A SEDOL 2150420 | 0.97% | CORE-MARK HOLDING CO INC SEDOL B0637B2 | 0.95% | MASTEC INC SEDOL 2155306 | 0.91% | UNISYS CORP SEDOL 2931595 | 0.88% | PALOMAR HOLDINGS INC SEDOL BJYLZK6 | 0.88% | STORE CAPITAL CORP SEDOL BSKRKJ5 | 0.87% | TRIPLEPOINT VENTURE GROWTH B SEDOL BK8G322 | 0.86% | FIRST HORIZON NATIONAL CORP | 0.86% | SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.86% | UNIVERSAL ELECTRONICS INC SEDOL 2911683 | 0.85% | MYR GROUP INC/DELAWARE SEDOL B3CLS18 | 0.85% | COOPER TIRE & RUBBER SEDOL 2222608 | 0.84% | SCORPIO TANKERS INC SEDOL BHXD297 | 0.82% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 0.82% | REXNORD CORP SEDOL B4NPMX6 | 0.80% | CONSOLIDATED WATER CO-ORD SH SEDOL 2099095 | 0.78% | FORMFACTOR INC SEDOL 2891826 | 0.78% | MGIC INVESTMENT CORP SEDOL 2548616 | 0.78% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 0.77% | EVERI HOLDINGS INC SEDOL BYV34V4 | 0.76% | STERLING CONSTRUCTION CO | 0.76% | JABIL INC SEDOL 2471789 | 0.76% | VERSO CORP - A SEDOL BYN9TR1 | 0.75% | TECNOGLASS INC SEDOL BHCVTN5 | 0.75% | KKR REAL ESTATE FINANCE TRUS SEDOL BF0YMC2 | 0.74% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 0.73% | IMAX CORP SEDOL 2473859 | 0.73% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.72% | DARDEN RESTAURANTS INC SEDOL 2289874 | 0.72% | NESCO HOLDINGS INC SEDOL BHTGB71 | 0.71% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.70% | PRESTIGE CONSUMER HEALTHCARE SEDOL B0650P3 | 0.70% | WABASH NATIONAL CORP SEDOL 2932048 | 0.69% | BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.69% | UNIFIRST CORP/MA SEDOL 2466428 | 0.68% | RANGE RESOURCES CORP SEDOL 2523334 | 0.66% | BUILDERS FIRSTSOURCE INC SEDOL B0BV2M7 | 0.64% | OCEANFIRST FINANCIAL CORP SEDOL 2125901 | 0.64% | OLIN CORP SEDOL 2658526 | 0.63% | ALLEGIANT TRAVEL CO SEDOL B15M2C3 | 0.62% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.61% | BAYCOM CORP SEDOL BYSTY59 | 0.60% | PLYMOUTH INDUSTRIAL REIT INC SEDOL BF43645 | 0.59% | MRC GLOBAL INC SEDOL B7M66F1 | 0.58% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.56% | PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.56% | ARCH RESOURCES INC SEDOL BLB8B95 | 0.54% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 0.53% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.52% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 0.52% | AMERIS BANCORP SEDOL 2038849 | 0.50% | AMERESCO INC-CL A SEDOL B3SWPT2 | 0.48% | TRICO BANCSHARES SEDOL 2904133 | 0.48% | STATE AUTO FINANCIAL CORP SEDOL 2841898 | 0.47% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.46% | EMERALD HOLDING INC SEDOL BKT61V6 | 0.43% | BAIN CAPITAL SPECIALTY FINAN SEDOL BG48294 | 0.42% | CRANE CO SEDOL 2231897 | 0.40% | CRESCENT CAPITAL BDC INC SEDOL BKKFCK8 | 0.40% | CEDAR FAIR LP SEDOL 2181453 | 0.39% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.30% | MASONITE INTERNATIONAL CORP SEDOL BCZM468 | 0.26% | PAR PACIFIC HOLDINGS INC SEDOL BJH08C3 | 0.25% | NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.25% | WESTERN ALLIANCE BANCORP SEDOL B0CCGJ4 | 0.20% | NESCO HOLDINGS-CW25 SEDOL BJ01GS5 | 0.00% | BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% | FERROGLOBE REPRESENTATION & | 0.00% |
| SCORPIO TANKERS INC SEDOL BHXD297 | 1.69% | QTS REALTY TRUST INC-CL A SEDOL BDSV8H8 | 1.64% | INGLES MARKETS INC-CLASS A SEDOL 2460550 | 1.56% | UNITIL CORP SEDOL 2925037 | 1.54% | MEET GROUP INC/THE SEDOL BYWW6W5 | 1.52% | CACI INTERNATIONAL INC -CL A SEDOL 2159267 | 1.50% | VECTRUS INC SEDOL BQS2V17 | 1.48% | VISTA OUTDOOR INC SEDOL BVGC697 | 1.42% | JABIL INC SEDOL 2471789 | 1.40% | PRESTIGE CONSUMER HEALTHCARE SEDOL B0650P3 | 1.38% | SILICON MOTION TECHNOL-ADR SEDOL B0CL646 | 1.34% | ELEMENT SOLUTIONS INC SEDOL BJ1C2K1 | 1.32% | SILGAN HOLDINGS INC SEDOL 2809324 | 1.32% | PHOTRONICS INC SEDOL 2687315 | 1.32% | INVESTORS BANCORP INC SEDOL BMHT4M3 | 1.29% | PREMIER INC-CLASS A SEDOL BDZDRC5 | 1.27% | PORTLAND GENERAL ELECTRIC CO SEDOL B125XQ6 | 1.27% | PARSONS CORP SEDOL BJN4N02 | 1.25% | QCR HOLDINGS INC. | 1.25% | REXNORD CORP SEDOL B4NPMX6 | 1.24% | CONSOLIDATED WATER CO-ORD SH SEDOL 2099095 | 1.23% | UNISYS CORP SEDOL 2931595 | 1.23% | STERLING CONSTRUCTION CO | 1.22% | TCF FINANCIAL CORP SEDOL BK5FNZ5 | 1.21% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 1.16% | OFG BANCORP SEDOL B87LKR8 | 1.16% | COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 1.16% | LOUISIANA-PACIFIC CORP SEDOL 2535243 | 1.16% | FLAGSTAR BANCORP INC SEDOL B7SVZ97 | 1.16% | PNM RESOURCES INC SEDOL 2707826 | 1.16% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.14% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 1.10% | PALOMAR HOLDINGS INC SEDOL BJYLZK6 | 1.10% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 1.09% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 1.08% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 1.07% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 1.07% | MASONITE INTERNATIONAL CORP SEDOL BCZM468 | 1.05% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.04% | MAGELLAN HEALTH INC SEDOL 2307787 | 1.04% | FORMFACTOR INC SEDOL 2891826 | 1.03% | STERLING BANCORP/DE SEDOL BFNXVB8 | 1.02% | MYR GROUP INC/DELAWARE SEDOL B3CLS18 | 1.01% | AVAYA HOLDINGS CORP SEDOL BD9G9B3 | 1.01% | LAKELAND BANCORP INC SEDOL 2620031 | 1.00% | WALKER & DUNLOP INC SEDOL B4TZV44 | 0.98% | J2 GLOBAL INC SEDOL B75DGJ3 | 0.98% | LUMENTUM HOLDINGS INC SEDOL BYM9ZP2 | 0.98% | AMERESCO INC-CL A SEDOL B3SWPT2 | 0.96% | CORE-MARK HOLDING CO INC SEDOL B0637B2 | 0.96% | WESTERN ALLIANCE BANCORP SEDOL B0CCGJ4 | 0.94% | VERSO CORP - A SEDOL BYN9TR1 | 0.94% | TURNING POINT BRANDS INC SEDOL BYQ7X92 | 0.92% | FIRST HORIZON NATIONAL CORP | 0.90% | BIG LOTS INC SEDOL 2218447 | 0.90% | COOPER TIRE & RUBBER SEDOL 2222608 | 0.90% | INSIGHT ENTERPRISES INC SEDOL 2475060 | 0.90% | STORE CAPITAL CORP SEDOL BSKRKJ5 | 0.87% | SYNNEX CORP SEDOL 2002554 | 0.87% | CECO ENVIRONMENTAL CORP SEDOL 2011970 | 0.87% | CLARUS CORP SEDOL BF5QHG2 | 0.85% | IMAX CORP SEDOL 2473859 | 0.82% | SHOE CARNIVAL INC SEDOL 2805474 | 0.81% | WILLSCOT CORP SEDOL BF6QP89 | 0.81% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 0.80% | PLYMOUTH INDUSTRIAL REIT INC SEDOL BF43645 | 0.80% | OWL ROCK CAPITAL CORP SEDOL BK0P8V1 | 0.79% | GMS INC SEDOL BYY9FS3 | 0.75% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.74% | NEWPARK RESOURCES INC SEDOL 2636878 | 0.73% | MGIC INVESTMENT CORP SEDOL 2548616 | 0.72% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 0.72% | NESCO HOLDINGS INC SEDOL BHTGB71 | 0.72% | DARDEN RESTAURANTS INC SEDOL 2289874 | 0.72% | BAYCOM CORP SEDOL BYSTY59 | 0.70% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.70% | PURPLE INNOVATION INC SEDOL BYWFGP7 | 0.70% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.70% | BUILDERS FIRSTSOURCE INC SEDOL B0BV2M7 | 0.69% | SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.68% | AMERIS BANCORP SEDOL 2038849 | 0.66% | MASTEC INC SEDOL 2155306 | 0.65% | TRIPLEPOINT VENTURE GROWTH B SEDOL BK8G322 | 0.64% | FIRST DEFIANCE FINL CORP SEDOL 2356701 | 0.62% | WABASH NATIONAL CORP SEDOL 2932048 | 0.61% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.59% | MRC GLOBAL INC SEDOL B7M66F1 | 0.57% | DINE BRANDS GLOBAL INC SEDOL 2456957 | 0.56% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 0.52% | CRESCENT CAPITAL BDC INC SEDOL BKKFCK8 | 0.51% | TRICO BANCSHARES SEDOL 2904133 | 0.50% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 0.50% | ARCH COAL INC - A SEDOL BYYHNV6 | 0.49% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.48% | MURPHY USA INC SEDOL BCZWJ63 | 0.46% | FIRST MERCHANTS CORP SEDOL 2342410 | 0.44% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.44% | SELECT ENERGY SERVICES INC-A SEDOL BDHSLL5 | 0.43% | KKR REAL ESTATE FINANCE TRUS SEDOL BF0YMC2 | 0.41% | EMERALD HOLDING INC SEDOL BKT61V6 | 0.37% | GENESCO INC SEDOL 2367101 | 0.37% | RANGE RESOURCES CORP SEDOL 2523334 | 0.33% | COLUMBIA PROPERTY TRUST INC SEDOL BFLY9C0 | 0.32% | MAIN STREET CAPITAL CORP SEDOL B28BNR6 | 0.28% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.27% | PAR PACIFIC HOLDINGS INC SEDOL BJH08C3 | 0.25% | STIFEL FINANCIAL CORP SEDOL 2849234 | 0.16% | EXPRESS INC SEDOL B464DZ9 | 0.15% | NESCO HOLDINGS-CW25 SEDOL BJ01GS5 | 0.01% | BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% | FERROGLOBE REPRESENTATION & | 0.00% |
Portfolio Composition as of 08/31/20
| Common stock | 98.70% |
| Cash and net other assets | 1.30% |
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 08/31/20
| Financials | 24.93% |
|---|---|
| Industrials | 19.33% |
| Consumer discretionary | 13.99% |
| Materials | 8.64% |
| Information technology | 8.03% |
| Real estate | 6.84% |
| Energy | 4.65% |
| Health care | 3.91% |
| Utilities | 3.83% |
| Other | 5.85% |
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% |