Putnam Allstate Advisor Preferred
Putnam International Value Subaccount
The subaccount seeks capital growth. Current income is a secondary objective.
Fund Description
The subaccount applies Putnam's value-oriented strategy of seeking undervalued stocks outside the United States. By buying mostly dividend paying stocks with relatively low valuations, the fund pursues capital growth and, secondarily, current income. The fund is positioned to benefit from the spread of corporate strategies focusing on shareholder value outside the United States.
Sales Story
Benefiting from undervalued international companies experiencing positive change International companies: The fund invests in international large and midsize companies to benefit from business opportunities outside the United States.A value strategy: The fund focuses on companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.
Management team
- Darren A. Jaroch, CFA (Investing since 1996)
- Karan Sodhi, CFA® (Investing since 1998)
Daily Pricing as of 04/17/14
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $13.15887 | $12.881251 |
| Unit Value Change | 0.060102 | 0.05878 |
‡ Lipper Ranking as of 03/31/14
Category: International Value-PCM
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 51% | 17/33 |
| 1 yr. | 72% | 45/62 |
| 3 yrs. | 37% | 22/60 |
| 5 yrs. | 42% | 23/55 |
International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
‡ 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.
Performance as of 03/31/14
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -1.01% | -1.01% | 17.13% | 5.45% | 13.85% | 3.57% | 4.29% |
| Standardized | -2.99% | -2.99% | 15.13% | 5.45% | 13.85% | 3.57% | 4.29% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.05% | -1.05% | 16.95% | 5.29% | 13.67% | 3.41% | 4.13% |
| Standardized | -3.02% | -3.02% | 14.95% | 5.29% | 13.67% | 3.41% | 4.13% |
| Actual performance | |||||||
| Unit Value | -1.01% | -1.01% | 17.13% | 5.45% | 13.85% | 3.57% | 2.26% |
| Standardized | -2.99% | -2.99% | 15.13% | 5.45% | 13.85% | 3.57% | 2.26% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.05% | -1.05% | 16.95% | 5.29% | 13.67% | 3.41% | 2.31% |
| Standardized | -3.02% | -3.02% | 14.95% | 5.29% | 13.67% | 3.41% | 2.31% |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -1.01% | -1.01% | 17.13% | 17.25% | 91.24% | 41.99% | 106.38% |
| Standardized | -2.99% | -2.99% | 15.13% | 17.25% | 91.24% | 41.99% | 106.38% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.05% | -1.05% | 16.95% | 16.71% | 89.78% | 39.84% | 101.02% |
| Standardized | -3.02% | -3.02% | 14.95% | 16.71% | 89.78% | 39.84% | 101.02% |
| Actual performance | |||||||
| Unit Value | -1.01% | -1.01% | 17.13% | 17.25% | 91.24% | 41.99% | 36.21% |
| Standardized | -2.99% | -2.99% | 15.13% | 17.25% | 91.24% | 41.99% | 36.21% |
| With optional enhanced death benefit | |||||||
| Unit Value | -1.05% | -1.05% | 16.95% | 16.71% | 89.78% | 39.84% | 40.64% |
| Standardized | -3.02% | -3.02% | 14.95% | 16.71% | 89.78% | 39.84% | 40.64% |
Annual Performance at NAV
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|---|---|---|
| 18.99% | 12.22% | 25.13% | 5.23% | -46.91% | 24.11% | 5.36% | -15.20% | 19.69% | 20.20% |
| With optional enhanced death benefit | |||||||||
| 18.80% | 12.05% | 24.94% | 5.07% | -46.99% | 23.92% | 5.20% | -15.33% | 19.51% | 20.01% |
Restated performance
|
|
||||||||||||
With optional enhanced death benefit
|
|
||||||||||||
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 Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, 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 Hartford 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 Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.
International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.
Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
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.
Top 10 Holdings as of 03/31/14
| Royal Dutch Shell | 4.30% |
|
|---|---|---|
| Sanofi | 3.45% |
|
| Ing Groep Nv | 2.74% |
|
| HSBC Holdings | 2.44% |
|
| Bayer Ag | 2.14% |
|
| Australia New Zealand Banking Group | 2.10% |
|
| Sumitomo Mitsui Financial Group | 2.02% |
|
| Eni Spa | 1.99% |
|
| Deutsche Post Ag | 1.98% |
|
| Vodafone Group | 1.78% |
|
| Top 10 holdings, total: | 24.94% |
|
Equity Holdings as of 12/31/13
| ROYAL DUTCH SHELL PLC-A SHS | 3.91% |
|---|---|
| SANOFI | 3.28% |
| VODAFONE GROUP PLC | 3.26% |
| ING GROEP NV-CVA | 2.52% |
| HSBC HOLDINGS PLC | 2.46% |
| SUMITOMO MITSUI FINANCIAL GR | 2.33% |
| ALLIANZ SE-REG | 2.18% |
| BAYER AG-REG | 2.12% |
| BARCLAYS PLC | 1.86% |
| DEUTSCHE POST AG-REG | 1.85% |
| AUST AND NZ BANKING GROUP | 1.83% |
| ENI SPA | 1.82% |
| SIEMENS AG | 1.70% |
| WPP PLC | 1.61% |
| PRUDENTIAL PLC | 1.54% |
| TUI TRAVEL PLC | 1.40% |
| DAIMLER AG-REGISTERED SHARES | 1.37% |
| ACE LTD | 1.35% |
| VINCI SA | 1.35% |
| AXA SA | 1.34% |
| BASF SE | 1.34% |
| JAPAN TOBACCO INC | 1.26% |
| CENTRICA PLC | 1.25% |
| NISSAN MOTOR CO LTD | 1.25% |
| TOYOTA MOTOR CORP | 1.25% |
| ASTELLAS PHARMA INC | 1.24% |
| CANADIAN NATURAL RESOURCES | 1.17% |
| UNICREDIT SPA | 1.09% |
| MITSUBISHI ESTATE CO LTD | 1.08% |
| BELLWAY PLC | 1.03% |
| MITSUBISHI CORP | 1.00% |
| TOKYO GAS CO LTD | 0.97% |
| ZIGGO NV | 0.95% |
| ASTRAZENECA PLC | 0.94% |
| UBS AG-REG | 0.94% |
| EADS NV | 0.92% |
| GLAXOSMITHKLINE PLC | 0.92% |
| CREDIT SAISON CO LTD | 0.91% |
| ORIX CORP | 0.91% |
| SBERBANK-SPONSORED ADR | 0.90% |
| ARKEMA | 0.87% |
| HIBERNIA REIT PLC | 0.87% |
| KERRY GROUP PLC-A | 0.87% |
| SCOR SE | 0.85% |
| SAMSUNG ELECTRONICS CO LTD | 0.84% |
| BNP PARIBAS | 0.81% |
| AIA GROUP LTD | 0.80% |
| SUNCOR ENERGY INC | 0.80% |
| JAZZTEL PLC | 0.79% |
| SK HYNIX INC | 0.77% |
| LIBERTY GLOBAL PLC-SERIES C | 0.76% |
| NESTLE SA-REG | 0.76% |
| NINTENDO CO LTD | 0.73% |
| ORIGIN ENERGY LTD | 0.73% |
| BANCO BILBAO VIZCAYA ARGENTA | 0.72% |
| INTACT FINANCIAL CORP | 0.70% |
| GLENCORE XSTRATA PLC | 0.69% |
| VALEO SA | 0.69% |
| ATRESMEDIA CORP DE MEDIOS DE | 0.68% |
| COMPAGNIE DE SAINT-GOBAIN | 0.67% |
| TDC A/S | 0.66% |
| SEGA SAMMY HOLDINGS INC | 0.64% |
| LLOYDS BANKING GROUP PLC | 0.63% |
| TELSTRA CORP LTD | 0.63% |
| VEOLIA ENVIRONNEMENT | 0.63% |
| KDDI CORP | 0.62% |
| SJM HOLDINGS LTD | 0.61% |
| CHALLENGER LTD | 0.60% |
| FORTESCUE METALS GROUP LTD | 0.58% |
| JAPAN AIRLINES CO LTD | 0.58% |
| SHOPPING CENTRES AUSTRALASIA | 0.57% |
| SCHNEIDER ELECTRIC SA | 0.55% |
| SOFTBANK CORP | 0.55% |
| ROCHE HOLDING AG-GENUSSCHEIN | 0.53% |
| SEVEN & I HOLDINGS CO LTD | 0.53% |
| SMC CORP | 0.53% |
| BRITVIC PLC | 0.52% |
| HONGKONG LAND HOLDINGS LTD | 0.52% |
| ITOCHU CORP | 0.52% |
| SERCO GROUP PLC | 0.52% |
| ERSTE GROUP BANK AG | 0.51% |
| HITACHI LTD | 0.51% |
| SEKISUI HOUSE LTD | 0.51% |
| HOLCIM LTD-REG | 0.50% |
| NUMERICABLE GROUP | 0.50% |
| ASUSTEK COMPUTER INC | 0.49% |
| PHILIP MORRIS INTERNATIONAL | 0.48% |
| STADA ARZNEIMITTEL AG | 0.45% |
| TAKEDA PHARMACEUTICAL CO LTD | 0.45% |
| TOKIO MARINE HOLDINGS INC | 0.44% |
| BANK OF IRELAND | 0.41% |
| PEGATRON CORP | 0.41% |
| AJINOMOTO CO INC | 0.40% |
| NXP SEMICONDUCTORS NV | 0.40% |
| ALPINE ELECTRONICS INC | 0.37% |
| EZION HOLDINGS LTD | 0.37% |
| SUN HUNG KAI PROPERTIES | 0.36% |
| BANCO ESPIRITO SANTO-REG | 0.33% |
| AMADEUS IT HOLDING SA-A SHS | 0.32% |
| MS&AD INSURANCE GROUP HOLDIN | 0.32% |
| BUZZI UNICEM SPA | 0.27% |
| WM MORRISON SUPERMARKETS | 0.27% |
| ADMIRAL GROUP PLC | 0.24% |
| MONCLER SPA | 0.20% |
| DAELIM INDUSTRIAL CO LTD | 0.17% |
Full Portfolio Holdings as of 12/31/13
| ROYAL DUTCH SHELL PLC-A SHS | 3.91% |
|---|---|
| SANOFI | 3.28% |
| VODAFONE GROUP PLC | 3.26% |
| ING GROEP NV-CVA | 2.52% |
| HSBC HOLDINGS PLC | 2.46% |
| SUMITOMO MITSUI FINANCIAL GR | 2.33% |
| ALLIANZ SE-REG | 2.18% |
| BAYER AG-REG | 2.12% |
| BARCLAYS PLC | 1.86% |
| DEUTSCHE POST AG-REG | 1.85% |
| AUST AND NZ BANKING GROUP | 1.83% |
| ENI SPA | 1.82% |
| SIEMENS AG | 1.70% |
| WPP PLC | 1.61% |
| PRUDENTIAL PLC | 1.54% |
| TUI TRAVEL PLC | 1.40% |
| DAIMLER AG-REGISTERED SHARES | 1.37% |
| ACE LTD | 1.35% |
| VINCI SA | 1.35% |
| AXA SA | 1.34% |
| BASF SE | 1.34% |
| JAPAN TOBACCO INC | 1.26% |
| CENTRICA PLC | 1.25% |
| NISSAN MOTOR CO LTD | 1.25% |
| TOYOTA MOTOR CORP | 1.25% |
| ASTELLAS PHARMA INC | 1.24% |
| CANADIAN NATURAL RESOURCES | 1.17% |
| UNICREDIT SPA | 1.09% |
| MITSUBISHI ESTATE CO LTD | 1.08% |
| BELLWAY PLC | 1.03% |
| MITSUBISHI CORP | 1.00% |
| TOKYO GAS CO LTD | 0.97% |
| ZIGGO NV | 0.95% |
| ASTRAZENECA PLC | 0.94% |
| UBS AG-REG | 0.94% |
| EADS NV | 0.92% |
| GLAXOSMITHKLINE PLC | 0.92% |
| CREDIT SAISON CO LTD | 0.91% |
| ORIX CORP | 0.91% |
| SBERBANK-SPONSORED ADR | 0.90% |
| ARKEMA | 0.87% |
| HIBERNIA REIT PLC | 0.87% |
| KERRY GROUP PLC-A | 0.87% |
| SCOR SE | 0.85% |
| SAMSUNG ELECTRONICS CO LTD | 0.84% |
| BNP PARIBAS | 0.81% |
| AIA GROUP LTD | 0.80% |
| SUNCOR ENERGY INC | 0.80% |
| JAZZTEL PLC | 0.79% |
| SK HYNIX INC | 0.77% |
| LIBERTY GLOBAL PLC-SERIES C | 0.76% |
| NESTLE SA-REG | 0.76% |
| NINTENDO CO LTD | 0.73% |
| ORIGIN ENERGY LTD | 0.73% |
| BANCO BILBAO VIZCAYA ARGENTA | 0.72% |
| INTACT FINANCIAL CORP | 0.70% |
| GLENCORE XSTRATA PLC | 0.69% |
| VALEO SA | 0.69% |
| ATRESMEDIA CORP DE MEDIOS DE | 0.68% |
| COMPAGNIE DE SAINT-GOBAIN | 0.67% |
| TDC A/S | 0.66% |
| SEGA SAMMY HOLDINGS INC | 0.64% |
| LLOYDS BANKING GROUP PLC | 0.63% |
| TELSTRA CORP LTD | 0.63% |
| VEOLIA ENVIRONNEMENT | 0.63% |
| KDDI CORP | 0.62% |
| SJM HOLDINGS LTD | 0.61% |
| CHALLENGER LTD | 0.60% |
| FORTESCUE METALS GROUP LTD | 0.58% |
| JAPAN AIRLINES CO LTD | 0.58% |
| SHOPPING CENTRES AUSTRALASIA | 0.57% |
| SCHNEIDER ELECTRIC SA | 0.55% |
| SOFTBANK CORP | 0.55% |
| ROCHE HOLDING AG-GENUSSCHEIN | 0.53% |
| SEVEN & I HOLDINGS CO LTD | 0.53% |
| SMC CORP | 0.53% |
| BRITVIC PLC | 0.52% |
| HONGKONG LAND HOLDINGS LTD | 0.52% |
| ITOCHU CORP | 0.52% |
| SERCO GROUP PLC | 0.52% |
| ERSTE GROUP BANK AG | 0.51% |
| HITACHI LTD | 0.51% |
| SEKISUI HOUSE LTD | 0.51% |
| HOLCIM LTD-REG | 0.50% |
| NUMERICABLE GROUP | 0.50% |
| ASUSTEK COMPUTER INC | 0.49% |
| PHILIP MORRIS INTERNATIONAL | 0.48% |
| STADA ARZNEIMITTEL AG | 0.45% |
| TAKEDA PHARMACEUTICAL CO LTD | 0.45% |
| TOKIO MARINE HOLDINGS INC | 0.44% |
| BANK OF IRELAND | 0.41% |
| PEGATRON CORP | 0.41% |
| AJINOMOTO CO INC | 0.40% |
| NXP SEMICONDUCTORS NV | 0.40% |
| ALPINE ELECTRONICS INC | 0.37% |
| EZION HOLDINGS LTD | 0.37% |
| SUN HUNG KAI PROPERTIES | 0.36% |
| BANCO ESPIRITO SANTO-REG | 0.33% |
| AMADEUS IT HOLDING SA-A SHS | 0.32% |
| MS&AD INSURANCE GROUP HOLDIN | 0.32% |
| BUZZI UNICEM SPA | 0.27% |
| WM MORRISON SUPERMARKETS | 0.27% |
| ADMIRAL GROUP PLC | 0.24% |
| MONCLER SPA | 0.20% |
| DAELIM INDUSTRIAL CO LTD | 0.17% |
| GBP/USD 03/19/2014 JPMCB | 0.04% |
| EUR/USD 03/19/2014 DEUTB-L | 0.02% |
| GBP/USD 03/19/2014 CITI | 0.02% |
| NOK/USD 03/19/2014 CSI-FX | 0.02% |
| NOK/USD 03/19/2014 UBS | 0.02% |
| CHF/USD 03/19/2014 BCAP-FX | 0.01% |
| CHF/USD 03/19/2014 JPMCB | 0.01% |
| EUR/USD 03/19/2014 BANKAM | 0.01% |
| EUR/USD 03/19/2014 JPMCB | 0.01% |
| SEK/USD 03/19/2014 CSI-FX | 0.01% |
| SEK/USD 03/19/2014 JPMCB | 0.01% |
| SEK/USD 03/19/2014 SSBT | 0.01% |
| AUD/USD 01/16/2014 BANKAM | 0.00% |
| AUD/USD 01/16/2014 UBS | 0.00% |
| CAD/USD 01/16/2014 BCAP-FX | 0.00% |
| CAD/USD 01/16/2014 CITI | 0.00% |
| CAD/USD 01/16/2014 JPMCB | 0.00% |
| DKK/USD 03/19/2014 CITI | 0.00% |
| EUR/USD 03/19/2014 SSBT | 0.00% |
| GBP/USD 03/19/2014 BCAP-FX | 0.00% |
| GBP/USD 03/19/2014 WPAC | 0.00% |
| HKD/USD 02/19/2014 BCAP-FX | 0.00% |
| ILS/USD 01/16/2014 SSBT | 0.00% |
| JPY/USD 02/19/2014 BCAP-FX | 0.00% |
| JPY/USD 02/19/2014 SSBT | 0.00% |
| JPY/USD 02/19/2014 WPAC | 0.00% |
| SEK/USD 03/19/2014 BCAP-FX | 0.00% |
| SEK/USD 03/19/2014 DEUTB-L | 0.00% |
| SGD/USD 02/19/2014 BCAP-FX | 0.00% |
| SGD/USD 02/19/2014 JPMCB | 0.00% |
| TAIWAN DOLLAR CALL ACCOUNT | 0.00% |
| CHF/USD 03/19/2014 UBS | -0.01% |
| EUR/USD 03/19/2014 WPAC | -0.01% |
| GBP/USD 03/19/2014 CSI-FX | -0.01% |
| JPY/USD 02/19/2014 RBSF | -0.01% |
| NOK/USD 03/19/2014 BCAP-FX | -0.01% |
| NOK/USD 03/19/2014 HSBCB | -0.01% |
| NOK/USD 03/19/2014 JPMCB | -0.01% |
| GBP/USD 03/19/2014 UBS | -0.02% |
| CANADIAN DOLLAR ACCOUNT | -0.03% |
| EUR/USD 03/19/2014 UBS | -0.03% |
| HONG KONG DOLLAR CALL ACCOUNT | -0.03% |
| AUSTRALIAN DOLLAR ACCOUNT | -0.04% |
| EUR/USD 03/19/2014 CITI | -0.04% |
| THE EURO EUR CALL ACCOUNT | -0.32% |
| POUND STERLING CALL ACCOUNT | -0.35% |
Prior Top 10 Holdings
| Top 10 Holdings as of 03/31/14 | |
|---|---|
| 1: Royal Dutch Shell | 4.30% |
| 2: Sanofi | 3.45% |
| 3: Ing Groep Nv | 2.74% |
| 4: HSBC Holdings | 2.44% |
| 5: Bayer Ag | 2.14% |
| 6: Australia New Zealand Banking Group | 2.10% |
| 7: Sumitomo Mitsui Financial Group | 2.02% |
| 8: Eni Spa | 1.99% |
| 9: Deutsche Post Ag | 1.98% |
| 10: Vodafone Group | 1.78% |
| Holdings represent 24.94% of portfolio | |
| Top 10 Holdings as of 02/28/14 | |
|---|---|
| 1: Royal Dutch Shell | 4.08% |
| 2: Sanofi | 3.26% |
| 3: Ing Groep Nv | 2.67% |
| 4: HSBC Holdings | 2.41% |
| 5: Bayer Ag | 2.13% |
| 6: Allianz | 2.12% |
| 7: Sumitomo Mitsui Financial Group | 2.01% |
| 8: Vodafone Group | 1.92% |
| 9: Deutsche Post Ag | 1.90% |
| 10: Australia New Zealand Banking Group | 1.86% |
| Holdings represent 24.36% of portfolio | |
| Top 10 Holdings as of 01/31/14 | |
|---|---|
| 1: Royal Dutch Shell | 4.00% |
| 2: Vodafone Group | 3.26% |
| 3: Sanofi | 3.19% |
| 4: Ing Groep Nv | 2.52% |
| 5: HSBC Holdings | 2.44% |
| 6: Sumitomo Mitsui Financial Group | 2.20% |
| 7: Bayer Ag | 2.06% |
| 8: Allianz | 2.05% |
| 9: Barclays | 1.94% |
| 10: Deutsche Post Ag | 1.82% |
| Holdings represent 25.48% of portfolio | |
| Top 10 Holdings as of 12/31/13 | |
|---|---|
| 1: Royal Dutch Shell | 4.01% |
| 2: Sanofi | 3.36% |
| 3: Vodafone Group | 3.34% |
| 4: Ing Groep Nv | 2.58% |
| 5: HSBC Holdings | 2.52% |
| 6: Sumitomo Mitsui Financial Group | 2.33% |
| 7: Allianz | 2.18% |
| 8: Bayer Ag | 2.12% |
| 9: Barclays | 1.90% |
| 10: Australia New Zealand Banking Group | 1.87% |
| Holdings represent 26.21% of portfolio | |
Portfolio Composition as of 03/31/14
| Common stock | 97.48% |
|
|---|---|---|
| Cash and net other assets | 2.52% |
|
Portfolio allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.
‡ 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.