‡ 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 Preferred
Putnam Growth Opportunities Subaccount
The subaccount seeks capital appreciation.
Fund description
The subaccount invests in large U.S. companies with strong revenue and earnings growth prospects. Members of the management team target established companies that are believed to be leaders in their industries with the potential to grow rapidly. The fund's portfolio typically includes world-renowned businesses whose size and scale give them a competitive advantage.
Sales story
Seeking to harness the growth potential of large U.S. companiesSeeks above-average growth The fund focuses on businesses that exhibit both a high level of growth and an above-average duration of growth.A thematic approach The portfolio managers combine top-down investment themes with bottom-up research to select securities that can benefit from growth trends.Rigorous analysis Backed by fundamental research, the managers focus on identifying management teams that act like owners.
Management team
- Richard E. Bodzy (Investing since 2004)
- Gregory D. McCullough, CFA (Investing since 2008)
Daily pricing as of 01/27/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $19.153758 | $18.530475 |
| Unit Value Change | -0.112567 | -0.108981 |
Lipper ranking ‡ as of 12/31/21
Category: Large-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 22% | 36/168 |
| 1 yr. | 31% | 59/190 |
| 3 yrs. | 33% | 61/189 |
| 5 yrs. | 20% | 35/183 |
Quick facts as of 12/31/21
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Preferred |
| Subaccount Status | Open to new investors |
| Number of issues | 53 |
| Turnover (fiscal year end) | 48% |
| Net Assets | $1,227M |
| Inception Date | 02/01/00 |
Performance
Performance as of 12/31/21
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 8.82% | 20.63% | 20.63% | 30.32% | 23.47% | 17.88% | 3.69% |
| Standardized | 6.82% | 18.63% | 18.63% | 30.32% | 23.47% | 17.88% | 3.69% |
| With optional enhanced death benefit | |||||||
| Unit Value | 8.78% | 20.45% | 20.45% | 30.12% | 23.28% | 17.70% | 3.53% |
| Standardized | 6.78% | 18.45% | 18.45% | 30.12% | 23.28% | 17.70% | 3.53% |
| Actual performance | |||||||
| Unit Value | 8.82% | 20.63% | 20.63% | 30.32% | 23.47% | 17.88% | 4.32% |
| Standardized | 6.82% | 18.63% | 18.63% | 30.32% | 23.47% | 17.88% | 4.32% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 15.62% | 33.89% | 12.04% | -0.64% | 4.76% | 28.75% | 0.68% | 34.49% | 36.42% | 20.63% |
| With optional enhanced death benefit | |||||||||
| 15.44% | 33.69% | 11.86% | -0.79% | 4.60% | 28.56% | 0.53% | 34.28% | 36.22% | 20.45% |
Restated performance
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | 1.19% |
| Standardized | -0.81% |
YTD as of 01/27/22 |
|
|---|---|
| Unit Value | -14.46% |
| Standardized | -16.17% |
With optional enhanced death benefit
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | 1.17% |
| Standardized | -0.83% |
YTD as of 01/27/22 |
|
|---|---|
| Unit Value | -14.47% |
| Standardized | -16.18% |
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 12/31/21
| Alpha (%) | 0.34 |
| Beta | 0.94 |
| R Squared | 0.98 |
| Standard Deviation (3 yrs.) | 17.33 |
Holdings
| Microsoft Corp | 10.69% |
| Apple | 9.17% |
| Amazon.Com | 6.93% |
| Alphabet | 5.76% |
| Nvidia Corp | 3.91% |
| Tesla | 3.62% |
| Meta Platforms | 2.96% |
| Mastercard | 2.50% |
| Adobe | 2.28% |
| Accenture | 2.16% |
| Top 10 holdings, total: | 49.98% |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Microsoft Corp | 10.69% |
| 2: Apple | 9.17% |
| 3: Amazon.Com | 6.93% |
| 4: Alphabet | 5.76% |
| 5: Nvidia Corp | 3.91% |
| 6: Tesla | 3.62% |
| 7: Meta Platforms | 2.96% |
| 8: Mastercard | 2.50% |
| 9: Adobe | 2.28% |
| 10: Accenture | 2.16% |
| Holdings represent 49.98% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Microsoft Corp | 10.56% |
| 2: Apple | 8.59% |
| 3: Amazon.Com | 7.32% |
| 4: Alphabet | 5.71% |
| 5: Nvidia Corp | 4.47% |
| 6: Tesla | 3.50% |
| 7: Adobe | 2.95% |
| 8: Meta Platforms | 2.83% |
| 9: Mastercard | 2.16% |
| 10: Intuit | 2.09% |
| Holdings represent 50.18% of portfolio | |
| Top 10 holdings as of 10/31/21 | |
|---|---|
| 1: Microsoft Corp | 10.82% |
| 2: Apple | 7.71% |
| 3: Amazon.Com | 6.98% |
| 4: Alphabet | 5.89% |
| 5: Nvidia Corp | 3.71% |
| 6: Tesla | 3.04% |
| 7: Adobe | 2.92% |
| 8: Meta Platforms | 2.80% |
| 9: Paypal Holdings | 2.76% |
| 10: Visa | 2.49% |
| Holdings represent 49.12% of portfolio | |
| Top 10 holdings as of 09/30/21 | |
|---|---|
| 1: Microsoft Corp | 10.21% |
| 2: Apple | 8.06% |
| 3: Amazon.Com | 7.27% |
| 4: Alphabet | 6.01% |
| 5: Facebook | 3.51% |
| 6: Nvidia Corp | 3.31% |
| 7: Paypal Holdings | 3.19% |
| 8: Visa | 2.78% |
| 9: Adobe | 2.68% |
| 10: Mastercard | 2.52% |
| Holdings represent 49.54% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 10.69% | APPLE INC SEDOL 2046251 | 9.18% | AMAZON.COM INC SEDOL 2000019 | 6.93% | ALPHABET INC-CL C SEDOL BYY88Y7 | 5.76% | NVIDIA CORP SEDOL 2379504 | 3.91% | TESLA INC SEDOL B616C79 | 3.62% | META PLATFORMS INC-CLASS A SEDOL B7TL820 | 2.96% | MASTERCARD INC - A SEDOL B121557 | 2.50% | ADOBE INC SEDOL 2008154 | 2.28% | ACCENTURE PLC-CL A SEDOL B4BNMY3 | 2.16% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.15% | INTUIT INC SEDOL 2459020 | 2.14% | PAYPAL HOLDINGS INC SEDOL BYW36M8 | 1.95% | CADENCE DESIGN SYS INC SEDOL 2302232 | 1.80% | UNION PACIFIC CORP SEDOL 2914734 | 1.79% | UNITEDHEALTH GROUP INC SEDOL 2917766 | 1.77% | HCA HEALTHCARE INC SEDOL B4MGBG6 | 1.77% | NIKE INC -CL B SEDOL 2640147 | 1.76% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.74% | DANAHER CORP SEDOL 2250870 | 1.63% | TJX COMPANIES INC SEDOL 2989301 | 1.61% | UBER TECHNOLOGIES INC SEDOL BK6N347 | 1.56% | PALO ALTO NETWORKS INC SEDOL B87ZMX0 | 1.54% | MARVELL TECHNOLOGY INC SEDOL BNKJSM5 | 1.37% | IQVIA HOLDINGS INC SEDOL BDR73G1 | 1.37% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.37% | SALESFORCE.COM INC SEDOL 2310525 | 1.31% | DEERE & CO SEDOL 2261203 | 1.30% | HOME DEPOT INC SEDOL 2434209 | 1.27% | ESTEE LAUDER COMPANIES-CL A SEDOL 2320524 | 1.25% | ADVANCED MICRO DEVICES SEDOL 2007849 | 1.24% | SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 1.14% | O'REILLY AUTOMOTIVE INC SEDOL B65LWX6 | 1.11% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.08% | SERVICENOW INC SEDOL B80NXX8 | 0.96% | ELI LILLY & CO SEDOL 2516152 | 0.92% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 0.92% | DEXCOM INC SEDOL B0796X4 | 0.91% | IDEXX LABORATORIES INC SEDOL 2459202 | 0.91% | LIVE NATION ENTERTAINMENT IN SEDOL B0T7YX2 | 0.89% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 0.87% | LONZA GROUP AG-REG SEDOL 7333378 | 0.86% | AIRBNB INC-CLASS A SEDOL BMGYYH4 | 0.78% | UNIVERSAL MUSIC GROUP NV SEDOL BNZGVV1 | 0.76% | WALT DISNEY CO/THE SEDOL 2270726 | 0.62% | DOCUSIGN INC SEDOL BFYT7B7 | 0.50% | COSTCO WHOLESALE CORP SEDOL 2701271 | 0.48% | INGERSOLL-RAND INC SEDOL BL5GZ82 | 0.46% | DRAFTKINGS INC - CL A SEDOL BMYML02 | 0.44% | NETFLIX INC SEDOL 2857817 | 0.38% | BLOCK INC SEDOL BYNZGK1 | 0.17% | COSTAR GROUP INC SEDOL 2262864 | 0.15% | HC BRILLANT SERVICES GMBH P/P | 0.00% |
| MICROSOFT CORP SEDOL 2588173 | 10.21% | APPLE INC SEDOL 2046251 | 8.06% | AMAZON.COM INC SEDOL 2000019 | 7.27% | ALPHABET INC-CL C SEDOL BYY88Y7 | 6.01% | FACEBOOK INC-CLASS A SEDOL B7TL820 | 3.51% | NVIDIA CORP SEDOL 2379504 | 3.31% | PAYPAL HOLDINGS INC SEDOL BYW36M8 | 3.19% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.78% | ADOBE INC SEDOL 2008154 | 2.68% | MASTERCARD INC - A SEDOL B121557 | 2.52% | TESLA INC SEDOL B616C79 | 1.94% | INTUIT INC SEDOL 2459020 | 1.78% | DANAHER CORP SEDOL 2250870 | 1.71% | NIKE INC -CL B SEDOL 2640147 | 1.69% | SERVICENOW INC SEDOL B80NXX8 | 1.64% | TJX COMPANIES INC SEDOL 2989301 | 1.44% | CADENCE DESIGN SYS INC SEDOL 2302232 | 1.44% | DEERE & CO SEDOL 2261203 | 1.34% | ELI LILLY & CO SEDOL 2516152 | 1.32% | COSTAR GROUP INC SEDOL 2262864 | 1.32% | UBER TECHNOLOGIES INC SEDOL BK6N347 | 1.31% | AIRBNB INC-CLASS A SEDOL BMGYYH4 | 1.30% | IQVIA HOLDINGS INC SEDOL BDR73G1 | 1.28% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.28% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.23% | UNITEDHEALTH GROUP INC SEDOL 2917766 | 1.20% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.20% | UNION PACIFIC CORP SEDOL 2914734 | 1.20% | HCA HEALTHCARE INC SEDOL B4MGBG6 | 1.18% | LIVE NATION ENTERTAINMENT IN SEDOL B0T7YX2 | 1.15% | ESTEE LAUDER COMPANIES-CL A SEDOL 2320524 | 1.15% | DEXCOM INC SEDOL B0796X4 | 1.13% | O'REILLY AUTOMOTIVE INC SEDOL B65LWX6 | 1.12% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.11% | S&P GLOBAL INC SEDOL BYV2325 | 1.10% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.08% | HOME DEPOT INC SEDOL 2434209 | 1.07% | CHARTER COMMUNICATIONS INC-A SEDOL BZ6VT82 | 1.06% | LONZA GROUP AG-REG SEDOL 7333378 | 1.05% | SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 1.03% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.03% | WALT DISNEY CO/THE SEDOL 2270726 | 1.03% | DOCUSIGN INC SEDOL BFYT7B7 | 0.90% | TWILIO INC - A SEDOL BD6P5Q0 | 0.89% | DRAFTKINGS INC - CL A SEDOL BMYML02 | 0.85% | ADVANCED MICRO DEVICES SEDOL 2007849 | 0.84% | DYNATRACE INC SEDOL BJV2RD9 | 0.78% | AIA GROUP LTD SEDOL B4TX8S1 | 0.70% | MERCADOLIBRE INC SEDOL B23X1H3 | 0.68% | LONDON STOCK EXCHANGE GROUP SEDOL B0SWJX3 | 0.64% | APPLIED MATERIALS INC SEDOL 2046552 | 0.60% | NETFLIX INC SEDOL 2857817 | 0.58% | TRANSDIGM GROUP INC SEDOL B11FJK3 | 0.52% | MARVELL TECHNOLOGY INC SEDOL BNKJSM5 | 0.40% | UNIVERSAL MUSIC GROUP NV SEDOL BNZGVV1 | 0.39% | MODERNA INC SEDOL BGSXTS3 | 0.20% | HC BRILLANT SERVICES GMBH P/P | 0.00% | NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% |
Portfolio Composition as of 12/31/21
| Common stock | 98.93% |
| Cash and net other assets | 1.07% |
Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-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. 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 12/31/21
| Information technology | 45.83% |
|---|---|
| Consumer discretionary | 19.49% |
| Communication services | 11.36% |
| Health care | 11.02% |
| Industrials | 6.99% |
| Consumer staples | 1.73% |
| Real estate | 1.37% |
| Materials | 1.14% |
| Cash and net other assets | 1.07% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 2.00% |
| 2 | 1.00% |
| 3+ | 0.00% |