‡ 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 Preferred
Putnam Research Subaccount
The subaccount seeks capital appreciation.
Fund description
The subaccount invests in stocks representing the best ideas of Putnam's global equity research analysts. The portfolio typically consists of large, U.S. companies believed to be worth more than their current stock prices indicate. The fund is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.
Sales story
Seeking to capitalize on the expertise of Putnam's research teamA best-ideas fund The fund represents the stock selections of Putnam's Global Equity Research Group, whose analysts cover more than 1,000 companies.A flexible strategy The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.A rigorous process The fund's experienced managers use rigorous fundamental investment research to oversee the portfolio and manage risk.
Management team
- Kathryn B. Lakin (Investing since 2008)
- Walter D. Scully, CPA (Investing since 1996)
Daily pricing as of 05/26/23
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $25.993073 | $25.097389 |
| Unit Value Change | 0.345421 | 0.333418 |
Lipper ranking ‡ as of 04/30/23
Category: Large-Cap Core Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 17% | 20/120 |
| 1 yr. | 24% | 43/182 |
| 3 yrs. | 31% | 44/144 |
| 5 yrs. | 35% | 47/136 |
Quick facts as of 04/30/23
| Fiscal Year End | December |
| Asset Class | Putnam Advisor Preferred |
| Subaccount Status | Open to new investors |
| Number of issues | 132 |
| Turnover (fiscal year end) | 40% |
| Net Assets | $69M |
| Inception Date | 09/30/98 |
Performance
Performance as of 03/31/23
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 6.80% | 6.80% | -7.66% | 15.77% | 9.15% | 10.21% | 5.56% |
| Standardized | 4.80% | 4.80% | -9.51% | 15.77% | 9.15% | 10.21% | 5.56% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.76% | 6.76% | -7.80% | 15.60% | 8.99% | 10.05% | 5.40% |
| Standardized | 4.76% | 4.76% | -9.64% | 15.60% | 8.99% | 10.05% | 5.40% |
| Actual performance | |||||||
| Unit Value | 6.80% | 6.80% | -7.66% | 15.77% | 9.15% | 10.21% | 4.29% |
| Standardized | 4.80% | 4.80% | -9.51% | 15.77% | 9.15% | 10.21% | 4.29% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.76% | 6.76% | -7.80% | 15.60% | 8.99% | 10.05% | 4.42% |
| Standardized | 4.76% | 4.76% | -9.64% | 15.60% | 8.99% | 10.05% | 4.42% |
Annual Performance at NAV
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| 31.16% | 12.97% | -3.17% | 8.27% | 21.32% | -6.29% | 31.04% | 17.94% | 22.09% | -18.65% |
| With optional enhanced death benefit | |||||||||
| 30.96% | 12.79% | -3.32% | 8.10% | 21.13% | -6.43% | 30.84% | 17.76% | 21.90% | -18.77% |
Restated performance
Monthly as of 04/30/23 |
|
|---|---|
| Unit Value | 1.74% |
| Standardized | -0.26% |
YTD as of 05/26/23 |
|
|---|---|
| Unit Value | 10.69% |
| Standardized | 8.69% |
With optional enhanced death benefit
Monthly as of 04/30/23 |
|
|---|---|
| Unit Value | 1.73% |
| Standardized | -0.27% |
YTD as of 05/26/23 |
|
|---|---|
| Unit Value | 10.63% |
| Standardized | 8.63% |
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 04/30/23
| Alpha (%) | -0.38 |
| Beta | 0.99 |
| R Squared | 0.99 |
| Standard Deviation (3 yrs.) | 17.76 |
Holdings
| Microsoft Corp | 6.10% |
| Apple | 4.97% |
| Alphabet | 3.57% |
| Amazon.Com | 2.94% |
| Exxon Mobil Corp | 2.41% |
| Oracle Corp | 2.32% |
| Meta Platforms | 2.24% |
| Mastercard | 2.22% |
| UnitedHealth Group | 1.92% |
| Procter Gamble The | 1.92% |
| Top 10 holdings, total: | 30.60% |
| Top 10 holdings as of 04/30/23 | |
|---|---|
| 1: Microsoft Corp | 6.10% |
| 2: Apple | 4.97% |
| 3: Alphabet | 3.57% |
| 4: Amazon.Com | 2.94% |
| 5: Exxon Mobil Corp | 2.41% |
| 6: Oracle Corp | 2.32% |
| 7: Meta Platforms | 2.24% |
| 8: Mastercard | 2.22% |
| 9: UnitedHealth Group | 1.92% |
| 10: Procter Gamble The | 1.92% |
| Holdings represent 30.60% of portfolio | |
| Top 10 holdings as of 03/31/23 | |
|---|---|
| 1: Microsoft Corp | 6.26% |
| 2: Apple | 4.91% |
| 3: Alphabet | 3.56% |
| 4: Amazon.Com | 2.87% |
| 5: Exxon Mobil Corp | 2.35% |
| 6: Oracle Corp | 2.32% |
| 7: Nvidia Corp | 2.27% |
| 8: Mastercard | 2.22% |
| 9: Meta Platforms | 1.96% |
| 10: Home Depot | 1.89% |
| Holdings represent 30.62% of portfolio | |
| Top 10 holdings as of 02/28/23 | |
|---|---|
| 1: Microsoft Corp | 5.49% |
| 2: Apple | 4.45% |
| 3: Alphabet | 3.05% |
| 4: Amazon.Com | 2.58% |
| 5: Exxon Mobil Corp | 2.39% |
| 6: Oracle Corp | 2.21% |
| 7: Mastercard | 2.20% |
| 8: UnitedHealth Group | 1.98% |
| 9: Home Depot | 1.93% |
| 10: Nvidia Corp | 1.93% |
| Holdings represent 28.22% of portfolio | |
| Top 10 holdings as of 01/31/23 | |
|---|---|
| 1: Microsoft Corp | 5.37% |
| 2: Apple | 4.28% |
| 3: Alphabet | 3.67% |
| 4: Amazon.Com | 2.88% |
| 5: Exxon Mobil Corp | 2.58% |
| 6: Mastercard | 2.26% |
| 7: Oracle Corp | 2.20% |
| 8: Home Depot | 2.07% |
| 9: Nvidia Corp | 2.02% |
| 10: UnitedHealth Group | 1.89% |
| Holdings represent 29.23% of portfolio | |
Portfolio Composition as of 04/30/23
| Common stock | 97.67% |
| Cash and net other assets | 2.33% |
Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. 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. 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 04/30/23
| Information technology | 22.30% |
|---|---|
| Health care | 14.10% |
| Financials | 12.88% |
| Consumer discretionary | 10.98% |
| Communication services | 8.24% |
| Industrials | 8.22% |
| Consumer staples | 7.62% |
| Energy | 5.40% |
| Materials | 3.56% |
| Other | 6.70% |
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% |