As of September 14, 2018, Putnam VT Capital Opportunities Fund was renamed Putnam VT Small Cap Growth Fund.
Putnam Small Cap Growth Subaccount
Fund description
The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.
Sales story
Seeking opportunities in small and midsize companiesSmaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research: The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.
Lipper ranking ‡
as of 10/31/18
Category: Small-Cap Growth Funds
| |
Percentile ranking |
Rank/Funds in category |
|
10 yrs.
|
90% |
65/72 |
|
1 yr.
|
98% |
92/93 |
|
3 yrs.
|
98% |
88/89 |
|
5 yrs.
|
98% |
81/82 |
The subaccount invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.
‡ 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.
Quick facts
as of 11/30/18
| Fiscal Year End |
December |
| Asset Class |
Putnam Capital Manager |
| Subaccount Status |
Open to new investors |
| Number of issues |
80 |
| Turnover (fiscal year end) |
157% |
| Net Assets |
$24M |
| Inception Date |
05/01/03 |
Holdings
Top 10 holdings as of 10/31/18
| Five Below |
3.40% |
| Wingstop |
2.83% |
| Grand Canyon Education |
2.47% |
| Bright Horizons Family Solutions |
2.43% |
| Merit Medical Systems |
2.38% |
| Realpage |
2.28% |
| John Bean Technologies Corp |
2.19% |
| Mercury Systems |
2.05% |
| Heico Corp |
2.04% |
| Quidel Corp |
1.99% |
| Top 10 holdings, total: |
24.06% |
Portfolio Composition as of 10/31/18
| Common stock |
96.20% |
| Cash and net other assets |
3.80% |
Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.
Top Industry Sectors
as of 10/31/18
| Health care |
26.86% |
| Information technology |
22.52% |
| Consumer discretionary |
16.12% |
| Industrials |
15.14% |
| Financials |
6.95% |
| Communication services |
4.14% |
| Cash and net other assets |
3.80% |
| Materials |
2.43% |
| Consumer staples |
2.04% |
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