‡ 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 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 07/01/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $44.772216 | $43.276544 |
| Unit Value Change | 0.471615 | 0.455686 |
Lipper ranking ‡ as of 05/31/22
Category: Small-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 19% | 4/21 |
| 1 yr. | 22% | 5/22 |
| 3 yrs. | 23% | 5/21 |
| 5 yrs. | 46% | 10/21 |
Quick facts as of 05/31/22
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 103 |
| Turnover (fiscal year end) | 92% |
| Net Assets | $130M |
| Inception Date | 04/30/99 |
Performance
Performance as of 06/30/22
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -16.27% | -16.20% | -13.91% | 7.76% | 3.54% | 7.86% | 6.86% |
| Standardized | -22.97% | -22.90% | -20.79% | 5.41% | 2.47% | 7.86% | 6.86% |
| With optional enhanced death benefit | |||||||
| Unit Value | -16.30% | -16.26% | -14.04% | 7.59% | 3.39% | 7.70% | 6.70% |
| Standardized | -23.00% | -22.96% | -20.91% | 5.24% | 2.31% | 7.70% | 6.70% |
| Actual performance | |||||||
| Unit Value | -16.27% | -16.20% | -13.91% | 7.76% | 3.54% | 7.86% | 6.85% |
| Standardized | -22.97% | -22.90% | -20.79% | 5.41% | 2.47% | 7.86% | 6.85% |
| With optional enhanced death benefit | |||||||
| Unit Value | -16.30% | -16.26% | -14.04% | 7.59% | 3.39% | 7.70% | 6.68% |
| Standardized | -23.00% | -22.96% | -20.91% | 5.24% | 2.31% | 7.70% | 6.68% |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 15.60% | 37.38% | 1.78% | -5.77% | 25.46% | 6.15% | -21.22% | 22.25% | 2.30% | 37.67% |
| With optional enhanced death benefit | |||||||||
| 15.43% | 37.17% | 1.62% | -5.92% | 25.27% | 5.99% | -21.34% | 22.07% | 2.15% | 37.46% |
Restated performance
Monthly as of 06/30/22 |
|
|---|---|
| Unit Value | -11.26% |
| Standardized | -18.36% |
YTD as of 07/01/22 |
|
|---|---|
| Unit Value | -15.31% |
| Standardized | -22.08% |
With optional enhanced death benefit
Monthly as of 06/30/22 |
|
|---|---|
| Unit Value | -11.27% |
| Standardized | -18.37% |
YTD as of 07/01/22 |
|
|---|---|
| Unit Value | -15.37% |
| Standardized | -22.14% |
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 05/31/22
| Alpha (%) | 2.53 |
| Beta | 1.12 |
| R Squared | 0.97 |
| Standard Deviation (3 yrs.) | 27.95 |
Holdings
| Sm Energy | 2.05% |
| Magnolia Oil Gas Corp | 1.75% |
| Cnx Resources Corp | 1.60% |
| Scorpio Tankers | 1.53% |
| Universal Technical Institute | 1.43% |
| Option Care Health | 1.40% |
| Newpark Resources | 1.35% |
| Icf International | 1.30% |
| Lantheus Holdings | 1.29% |
| Mrc Global | 1.29% |
| Top 10 holdings, total: | 15.01% |
| Top 10 holdings as of 05/31/22 | |
|---|---|
| 1: Sm Energy | 2.05% |
| 2: Magnolia Oil Gas Corp | 1.75% |
| 3: Cnx Resources Corp | 1.60% |
| 4: Scorpio Tankers | 1.53% |
| 5: Universal Technical Institute | 1.43% |
| 6: Option Care Health | 1.40% |
| 7: Newpark Resources | 1.35% |
| 8: Icf International | 1.30% |
| 9: Lantheus Holdings | 1.29% |
| 10: Mrc Global | 1.29% |
| Holdings represent 15.01% of portfolio | |
| Top 10 holdings as of 04/30/22 | |
|---|---|
| 1: Sm Energy | 1.84% |
| 2: Magnolia Oil Gas Corp | 1.73% |
| 3: Hackett Group The | 1.55% |
| 4: Universal Technical Institute | 1.53% |
| 5: Cnx Resources Corp | 1.50% |
| 6: Option Care Health | 1.41% |
| 7: Major Drilling | 1.40% |
| 8: Lantheus Holdings | 1.39% |
| 9: Mrc Global | 1.36% |
| 10: Brookdale Senior Living | 1.33% |
| Holdings represent 15.04% of portfolio | |
| Top 10 holdings as of 03/31/22 | |
|---|---|
| 1: Sm Energy | 1.87% |
| 2: Magnolia Oil Gas Corp | 1.62% |
| 3: Hackett Group The | 1.50% |
| 4: Limelight Networks | 1.48% |
| 5: Major Drilling | 1.45% |
| 6: Cnx Resources Corp | 1.40% |
| 7: Brookdale Senior Living | 1.40% |
| 8: Mrc Global | 1.35% |
| 9: Universal Technical Institute | 1.25% |
| 10: Option Care Health | 1.24% |
| Holdings represent 14.56% of portfolio | |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| 1: Sm Energy | 1.85% |
| 2: Magnolia Oil Gas Corp | 1.69% |
| 3: Brookdale Senior Living | 1.42% |
| 4: Hackett Group The | 1.40% |
| 5: Lantheus Holdings | 1.30% |
| 6: Newpark Resources | 1.29% |
| 7: Universal Technical Institute | 1.27% |
| 8: Sterling Construction | 1.22% |
| 9: Cnx Resources Corp | 1.20% |
| 10: Walker Dunlop | 1.19% |
| Holdings represent 13.83% of portfolio | |
| SM ENERGY CO SEDOL 2764188 | 1.87% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 1.62% | HACKETT GROUP INC/THE SEDOL 2249254 | 1.50% | LIMELIGHT NETWORKS INC SEDOL B1YB674 | 1.48% | MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.45% | CNX RESOURCES CORP SEDOL BF3FTF4 | 1.40% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 1.40% | MRC GLOBAL INC SEDOL B7M66F1 | 1.34% | UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 1.25% | OPTION CARE HEALTH INC SEDOL BKM5C62 | 1.24% | NEWPARK RESOURCES INC SEDOL 2636878 | 1.20% | ARIS WATER SOLUTION INC-A SEDOL BNV0RQ4 | 1.19% | ICF INTERNATIONAL INC SEDOL B1FP363 | 1.18% | CRANE CO SEDOL 2231897 | 1.16% | CUSTOM TRUCK ONE SOURCE INC SEDOL BL66YS4 | 1.16% | RUMBLEON INC-B SEDOL BMZN2Y5 | 1.15% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.14% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 1.12% | STERLING CONSTRUCTION CO | 1.10% | HAYNES INTERNATIONAL INC SEDOL B02WVH7 | 1.09% | AVIAT NETWORKS INC SEDOL BZ9NWS6 | 1.05% | OFG BANCORP SEDOL B87LKR8 | 1.04% | VISTA OUTDOOR INC SEDOL BVGC697 | 1.02% | NEW RESIDENTIAL INVESTMENT SEDOL BRJ9GW0 | 1.02% | FIRST FOUNDATION INC SEDOL BMMVY68 | 1.01% | WALKER & DUNLOP INC SEDOL B4TZV44 | 1.01% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 1.00% | RLJ LODGING TRUST SEDOL B3PY1N7 | 1.00% | CLEAN HARBORS INC SEDOL 2202473 | 1.00% | PREFERRED BANK/LOS ANGELES SEDOL 2763602 | 0.98% | TRONOX HOLDINGS PLC- A SEDOL BJT16S6 | 0.98% | NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.98% | CROSSFIRST BANKSHARES INC SEDOL BK0XBX8 | 0.96% | OLIN CORP SEDOL 2658526 | 0.96% | SCORPIO TANKERS INC SEDOL BHXD297 | 0.96% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 0.95% | EPR PROPERTIES SEDOL B8XXZP1 | 0.94% | FIVE STAR BANCORP SEDOL BP2C8W6 | 0.93% | TITAN MACHINERY INC SEDOL B29H3T5 | 0.93% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 0.92% | COMMERCIAL METALS CO SEDOL 2213260 | 0.92% | DELUXE CORP SEDOL 2260363 | 0.92% | RYERSON HOLDING CORP SEDOL B3TPPZ6 | 0.92% | SUPER MICRO COMPUTER INC SEDOL B1VQR35 | 0.92% | BANCORP INC/THE SEDOL B05BRL7 | 0.91% | APPLE HOSPITALITY REIT INC SEDOL BXRTX56 | 0.91% | TIVITY HEALTH INC SEDOL BD8Q1B8 | 0.91% | PHOTRONICS INC SEDOL 2687315 | 0.91% | ZIFF DAVIS INC SEDOL B75DGJ3 | 0.90% | METROPOLITAN BANK HOLDING CO SEDOL BDBRDR8 | 0.90% | UNIFI INC SEDOL 2911865 | 0.89% | ACCO BRANDS CORP SEDOL B0G7SZ5 | 0.89% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.89% | PENNANTPARK INVESTMENT CORP SEDOL B1W5VY0 | 0.88% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 0.88% | JABIL INC SEDOL 2471789 | 0.88% | MAXAR TECHNOLOGIES INC SEDOL BF2KYF5 | 0.86% | UNISYS CORP SEDOL 2931595 | 0.86% | ANTARES PHARMA INC SEDOL 2383163 | 0.86% | DIME COMMUNITY BANCSHARES IN SEDOL BMFZ702 | 0.86% | CHART INDUSTRIES INC SEDOL B19HNF4 | 0.86% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 0.84% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 0.83% | PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.83% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 0.83% | QCR HOLDINGS INC. | 0.82% | CITI TRENDS INC SEDOL B06FLD8 | 0.82% | EVERI HOLDINGS INC SEDOL BYV34V4 | 0.82% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 0.82% | AKA BRANDS HOLDING CORP SEDOL BPF0FG0 | 0.82% | IBEX LTD SEDOL BLF81K2 | 0.82% | RADIANT LOGISTICS INC SEDOL B065G33 | 0.81% | TURNING POINT BRANDS INC SEDOL BYQ7X92 | 0.81% | XENIA HOTELS & RESORTS INC SEDOL BVV6CY1 | 0.81% | LAKELAND BANCORP INC SEDOL 2620031 | 0.81% | HILLENBRAND INC SEDOL B2QGDP1 | 0.81% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.81% | COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 0.80% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.80% | ONE GAS INC SEDOL BJ0KXV4 | 0.80% | BRIDGEWATER BANCSHARES INC SEDOL BFMZC67 | 0.80% | ORIGIN BANCORP INC SEDOL BDFFBM9 | 0.79% | UMB FINANCIAL CORP SEDOL 2918510 | 0.79% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.79% | API GROUP CORP SEDOL BMBPH06 | 0.77% | ALAMOS GOLD INC-CLASS A SEDOL BYNBW45 | 0.77% | RAMBUS INC SEDOL 2721967 | 0.77% | VECTRUS INC SEDOL BQS2V17 | 0.77% | TPG INC SEDOL BNKBB55 | 0.76% | AMERIS BANCORP SEDOL 2038849 | 0.76% | BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.74% | EQUITY BANCSHARES INC - CL A SEDOL BYZG9Q9 | 0.73% | KARAT PACKAGING INC SEDOL BKDZ6W5 | 0.73% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.73% | TRINITY CAPITAL INC SEDOL BMFWRS1 | 0.72% | SUN COUNTRY AIRLINES HOLDING SEDOL BM8TFC9 | 0.72% | LSI INDUSTRIES INC SEDOL 2499026 | 0.70% | REPO TRIPA MORTG 0.3 04/01/2022 | 0.69% | UNITIL CORP SEDOL 2925037 | 0.68% | AEROJET ROCKETDYNE HOLDINGS SEDOL BWD7PX9 | 0.68% | RADNET INC SEDOL B1JNG19 | 0.67% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.65% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.65% | BERKSHIRE HILLS BANCORP INC SEDOL 2606570 | 0.64% | ANDERSONS INC/THE SEDOL 2274922 | 0.61% | AVEANNA HEALTHCARE HOLDINGS SEDOL BNYK9Y3 | 0.58% | HOOKER FURNITURE CORP | 0.54% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.50% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.33% | SP PLUS CORP SEDOL BH2QZH6 | 0.31% | FERROGLOBE REPRESENTATION & | 0.00% | OLN 20220520 P 47.00JPMCB | -0.00% |
| VISTA OUTDOOR INC SEDOL BVGC697 | 1.80% | SM ENERGY CO SEDOL 2764188 | 1.63% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 1.53% | HACKETT GROUP INC/THE SEDOL 2249254 | 1.28% | WALKER & DUNLOP INC SEDOL B4TZV44 | 1.25% | UNIFI INC SEDOL 2911865 | 1.21% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 1.18% | ICF INTERNATIONAL INC SEDOL B1FP363 | 1.17% | UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 1.15% | TRONOX HOLDINGS PLC- A SEDOL BJT16S6 | 1.15% | FRANCHISE GROUP INC SEDOL BK8VYM4 | 1.12% | CNX RESOURCES CORP SEDOL BF3FTF4 | 1.11% | MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.10% | ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 1.09% | OFG BANCORP SEDOL B87LKR8 | 1.07% | LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.07% | FIVE STAR BANCORP SEDOL BP2C8W6 | 1.06% | NEW RESIDENTIAL INVESTMENT SEDOL BRJ9GW0 | 1.05% | LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 1.05% | CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.04% | ARGO GROUP INTERNATIONAL SEDOL 2499543 | 1.04% | NEWPARK RESOURCES INC SEDOL 2636878 | 1.03% | PHOTRONICS INC SEDOL 2687315 | 1.03% | ACCO BRANDS CORP SEDOL B0G7SZ5 | 1.03% | LAKELAND BANCORP INC SEDOL 2620031 | 1.02% | TURNING POINT BRANDS INC SEDOL BYQ7X92 | 1.01% | CROSSFIRST BANKSHARES INC SEDOL BK0XBX8 | 1.01% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.99% | ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 0.99% | METROPOLITAN BANK HOLDING CO SEDOL BDBRDR8 | 0.99% | COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.98% | OLIN CORP SEDOL 2658526 | 0.98% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 0.98% | CITI TRENDS INC SEDOL B06FLD8 | 0.98% | CRANE CO SEDOL 2231897 | 0.98% | UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.98% | RAMBUS INC SEDOL 2721967 | 0.98% | AMERIS BANCORP SEDOL 2038849 | 0.97% | ARIS WATER SOLUTION INC-A SEDOL BNV0RQ4 | 0.96% | PENNANTPARK INVESTMENT CORP SEDOL B1W5VY0 | 0.95% | TITAN MACHINERY INC SEDOL B29H3T5 | 0.95% | COMMERCIAL METALS CO SEDOL 2213260 | 0.95% | HAYNES INTERNATIONAL INC SEDOL B02WVH7 | 0.94% | PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.94% | CLEAN HARBORS INC SEDOL 2202473 | 0.94% | OPTION CARE HEALTH INC SEDOL BKM5C62 | 0.93% | NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.93% | PREFERRED BANK/LOS ANGELES SEDOL 2763602 | 0.93% | AVEANNA HEALTHCARE HOLDINGS SEDOL BNYK9Y3 | 0.92% | SUPER MICRO COMPUTER INC SEDOL B1VQR35 | 0.92% | TRINITY CAPITAL INC SEDOL BMFWRS1 | 0.92% | ANDERSONS INC/THE SEDOL 2274922 | 0.91% | APPLE HOSPITALITY REIT INC SEDOL BXRTX56 | 0.91% | CUSTOM TRUCK ONE SOURCE INC SEDOL BL66YS4 | 0.91% | RADIANT LOGISTICS INC SEDOL B065G33 | 0.91% | JABIL INC SEDOL 2471789 | 0.91% | LIMELIGHT NETWORKS INC SEDOL B1YB674 | 0.90% | BANCORP INC/THE SEDOL B05BRL7 | 0.90% | QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 0.90% | TIVITY HEALTH INC SEDOL BD8Q1B8 | 0.89% | VECTRUS INC SEDOL BQS2V17 | 0.89% | BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 0.88% | COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 0.87% | UMB FINANCIAL CORP SEDOL 2918510 | 0.87% | SILGAN HOLDINGS INC SEDOL 2809324 | 0.87% | EPR PROPERTIES SEDOL B8XXZP1 | 0.86% | GLOBAL MEDICAL REIT INC SEDOL BSNMBW7 | 0.85% | BRIDGEWATER BANCSHARES INC SEDOL BFMZC67 | 0.85% | UNISYS CORP SEDOL 2931595 | 0.84% | MRC GLOBAL INC SEDOL B7M66F1 | 0.84% | BERKSHIRE HILLS BANCORP INC SEDOL 2606570 | 0.83% | DELUXE CORP SEDOL 2260363 | 0.83% | QCR HOLDINGS INC. | 0.83% | MAXAR TECHNOLOGIES INC SEDOL BF2KYF5 | 0.82% | MILLERKNOLL INC SEDOL 2594222 | 0.82% | DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.81% | MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.81% | ORIGIN BANCORP INC SEDOL BDFFBM9 | 0.81% | SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.81% | RLJ LODGING TRUST SEDOL B3PY1N7 | 0.81% | XENIA HOTELS & RESORTS INC SEDOL BVV6CY1 | 0.80% | ALLEGIANT TRAVEL CO SEDOL B15M2C3 | 0.80% | UNITIL CORP SEDOL 2925037 | 0.80% | RIBBON COMMUNICATIONS INC SEDOL BD2BLX1 | 0.78% | ONE GAS INC SEDOL BJ0KXV4 | 0.78% | RADNET INC SEDOL B1JNG19 | 0.77% | ANTARES PHARMA INC SEDOL 2383163 | 0.77% | FIRST FOUNDATION INC SEDOL BMMVY68 | 0.77% | STERLING CONSTRUCTION CO | 0.75% | LSI INDUSTRIES INC SEDOL 2499026 | 0.74% | IBEX LTD SEDOL BLF81K2 | 0.74% | ALAMOS GOLD INC-CLASS A SEDOL BYNBW45 | 0.74% | SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 0.73% | HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.73% | PATRICK INDUSTRIES INC SEDOL 2673154 | 0.72% | RUMBLEON INC-B SEDOL BMZN2Y5 | 0.72% | FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.72% | ZIFF DAVIS INC SEDOL B75DGJ3 | 0.72% | EQUITY BANCSHARES INC - CL A SEDOL BYZG9Q9 | 0.70% | BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.69% | SUN COUNTRY AIRLINES HOLDING SEDOL BM8TFC9 | 0.69% | ZUMIEZ INC SEDOL B081QB7 | 0.65% | HILLENBRAND INC SEDOL B2QGDP1 | 0.64% | KARAT PACKAGING INC SEDOL BKDZ6W5 | 0.61% | AEROJET ROCKETDYNE HOLDINGS SEDOL BWD7PX9 | 0.60% | HOOKER FURNITURE CORP | 0.58% | PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.54% | API GROUP CORP SEDOL BMBPH06 | 0.50% | OLYMPIC STEEL INC SEDOL 2659013 | 0.43% | ATEA PHARMACEUTICALS INC SEDOL BLN9Z50 | 0.24% | SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.15% | FERROGLOBE REPRESENTATION & | 0.00% |
Portfolio Composition as of 05/31/22
| Common stock | 98.97% |
| Cash and net other assets | 1.03% |
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 05/31/22
| Financials | 25.65% |
|---|---|
| Industrials | 20.98% |
| Energy | 10.12% |
| Consumer discretionary | 8.82% |
| Information technology | 8.44% |
| Health care | 7.43% |
| Materials | 6.65% |
| Real estate | 6.44% |
| Utilities | 1.99% |
| Other | 3.48% |
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% |