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Putnam Hartford Capital Manager
Putnam Capital Opportunities Subaccount
The subaccount seeks long-term growth of capital.
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.A rigorous process: The fund's experienced manager uses rigorous fundamental investment research to find opportunities and manage risk.
Management team
- Joseph P. Joseph (Investing since 1987)
- John McLanahan, CFA® (Investing since 1996)
- Randy J. Farina, CFA® (Investing since 1995)
‡ Lipper Ranking as of 01/31/14
Category: Small-Cap Core-PCM
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 39% | 30/77 |
| 1 yr. | 88% | 120/136 |
| 3 yrs. | 94% | 121/129 |
| 5 yrs. | 17% | 19/115 |
Risk Characteristics as of 01/31/14
| Alpha (%) | -5.77 |
|---|---|
| Beta | 1.13 |
| R Squared | 0.98 |
| Standard Deviation (3 yrs.) | 18.04 |
Quick Facts as of 02/28/14
| Fiscal Year End | December |
|---|---|
| Asset Class | Putnam Hartford Capital Manager |
| Subaccount Status | Open to new investors |
| Number of Issues | 139 |
| Turnover (fiscal year end) | 75% |
| Net Assets | $37M |
| Inception Date | 05/01/03 |
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.
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 01/31/14
| Strayer Education | 1.46% |
|
|---|---|---|
| Oriental Finl Group Com | 1.41% |
|
| Brocade Communications Systems | 1.35% |
|
| Oshkosh Corp | 1.31% |
|
| Jazz Pharmaceuticals | 1.31% |
|
| Apollo Education Group | 1.29% |
|
| Waddell Reed Financial | 1.22% |
|
| Jones Lang Lasalle | 1.15% |
|
| Spirit Airlines | 1.15% |
|
| Comerica | 1.08% |
|
| Top 10 holdings, total: | 12.73% |
|
Equity Holdings as of 12/31/13
| OFG BANCORP | 1.64% |
|---|---|
| STRAYER EDUCATION INC | 1.44% |
| ALLIANT TECHSYSTEMS INC | 1.35% |
| WADDELL & REED FINANCIAL-A | 1.20% |
| TOWERS WATSON & CO-CL A | 1.13% |
| COMERICA INC | 1.12% |
| INSIGHT ENTERPRISES INC | 1.12% |
| SELECT MEDICAL HOLDINGS CORP | 1.10% |
| JAZZ PHARMACEUTICALS PLC | 1.09% |
| SPIRIT AIRLINES INC | 1.09% |
| AGCO CORP | 1.07% |
| APOLLO EDUCATION GROUP INC | 1.07% |
| ARROW ELECTRONICS INC | 1.04% |
| FOOT LOCKER INC | 1.03% |
| CAREFUSION CORP | 1.01% |
| OSHKOSH CORP | 1.01% |
| EAST WEST BANCORP INC | 1.00% |
| TIMKEN COMPANY | 1.00% |
| BANCORP INC/THE | 0.99% |
| JANUS CAPITAL GROUP INC | 0.99% |
| LEAR CORP | 0.99% |
| MANTECH INTERNATIONAL CORP-A | 0.99% |
| LAM RESEARCH CORP | 0.98% |
| AMERICAN EAGLE OUTFITTERS | 0.97% |
| JACOBS ENGINEERING GROUP INC | 0.97% |
| OFFICE DEPOT INC | 0.96% |
| ROCK TENN COMPANY -CL A | 0.92% |
| BROCADE COMMUNICATIONS SYS | 0.91% |
| GENWORTH FINANCIAL INC-CL A | 0.91% |
| NABORS INDUSTRIES LTD | 0.91% |
| H&R BLOCK INC | 0.90% |
| HUNTINGTON BANCSHARES INC | 0.90% |
| BIO-REFERENCE LABS INC | 0.88% |
| NAVIGANT CONSULTING INC | 0.87% |
| DELEK US HOLDINGS INC | 0.86% |
| GREATBATCH INC | 0.86% |
| PATTERSON COS INC | 0.86% |
| REPUBLIC AIRWAYS HOLDINGS IN | 0.86% |
| CHEESECAKE FACTORY INC/THE | 0.85% |
| DOMTAR CORP | 0.84% |
| ANN INC | 0.82% |
| RELIANCE STEEL & ALUMINUM | 0.82% |
| RESMED INC | 0.82% |
| JONES LANG LASALLE INC | 0.81% |
| KULICKE & SOFFA INDUSTRIES | 0.81% |
| SYMETRA FINANCIAL CORP | 0.81% |
| DEVRY EDUCATION GROUP INC | 0.80% |
| NELNET INC-CL A | 0.80% |
| DENBURY RESOURCES INC | 0.79% |
| MEDNAX INC | 0.79% |
| WABCO HOLDINGS INC | 0.79% |
| WORLD FUEL SERVICES CORP | 0.79% |
| FACTSET RESEARCH SYSTEMS INC | 0.78% |
| ITT EDUCATIONAL SERVICES INC | 0.78% |
| TRW AUTOMOTIVE HOLDINGS CORP | 0.78% |
| ACCO BRANDS CORP | 0.76% |
| F5 NETWORKS INC | 0.76% |
| GENESCO INC | 0.76% |
| GLOBAL PAYMENTS INC | 0.75% |
| AVNET INC | 0.73% |
| BIG LOTS INC | 0.72% |
| HELMERICH & PAYNE | 0.72% |
| CACI INTERNATIONAL INC -CL A | 0.71% |
| TEREX CORP | 0.71% |
| BROADRIDGE FINANCIAL SOLUTIO | 0.70% |
| CHEMED CORP | 0.70% |
| IAC INTERACTIVECORP | 0.70% |
| JARDEN CORP | 0.70% |
| ENSIGN GROUP INC/THE | 0.69% |
| URS CORP | 0.69% |
| VALUECLICK INC | 0.68% |
| METHANEX CORP | 0.67% |
| NEUSTAR INC-CLASS A | 0.67% |
| CHESAPEAKE UTILITIES CORP | 0.65% |
| KENNAMETAL INC | 0.65% |
| SUPERIOR ENERGY SERVICES INC | 0.65% |
| THORATEC CORP | 0.63% |
| HANGER INC | 0.62% |
| KLA-TENCOR CORPORATION | 0.62% |
| ENERGIZER HOLDINGS INC | 0.61% |
| SCHWEITZER-MAUDUIT INTL INC | 0.61% |
| STEVEN MADDEN LTD | 0.59% |
| VALIDUS HOLDINGS LTD | 0.59% |
| MANHATTAN ASSOCIATES INC | 0.58% |
| OWENS-ILLINOIS INC | 0.58% |
| TORCHMARK CORP | 0.58% |
| ORBITAL SCIENCES CORP | 0.57% |
| SKYWORKS SOLUTIONS INC | 0.56% |
| OIL STATES INTERNATIONAL INC | 0.55% |
| POLYCOM INC | 0.55% |
| CROCS INC | 0.54% |
| OWENS & MINOR INC | 0.54% |
| WHITING PETROLEUM CORP | 0.53% |
| AUTOLIV INC | 0.52% |
| DECKERS OUTDOOR CORP | 0.52% |
| DILLARDS INC-CL A | 0.52% |
| ASSOCIATED BANC-CORP | 0.51% |
| BIG 5 SPORTING GOODS CORP | 0.51% |
| DARLING INTERNATIONAL INC | 0.51% |
| E*TRADE FINANCIAL CORPORATION | 0.51% |
| ASPEN INSURANCE HOLDINGS LTD | 0.50% |
| ATWOOD OCEANICS INC | 0.50% |
| FIRST CITIZENS BCSHS -CL A | 0.50% |
| OMEGA HEALTHCARE INVESTORS | 0.50% |
| BOOZ ALLEN HAMILTON HOLDINGS | 0.49% |
| BORGWARNER INC | 0.49% |
| EL PASO ELECTRIC CO | 0.49% |
| INTER PARFUMS INC | 0.49% |
| KAISER ALUMINUM CORP | 0.49% |
| MYRIAD GENETICS INC | 0.49% |
| ALLEGIANT TRAVEL CO | 0.48% |
| POPULAR INC | 0.48% |
| BRANDYWINE REALTY TRUST | 0.47% |
| QUESTCOR PHARMACEUTICALS | 0.47% |
| OMNIVISION TECHNOLOGIES INC | 0.46% |
| BRADY CORPORATION - CL A | 0.45% |
| WR BERKLEY CORP | 0.45% |
| BUCKLE INC/THE | 0.44% |
| CHICO S FAS INC | 0.44% |
| COMMERCIAL METALS CO | 0.44% |
| PORTLAND GENERAL ELECTRIC CO | 0.44% |
| STANCORP FINANCIAL GROUP | 0.44% |
| UGI CORP | 0.44% |
| KEY ENERGY SERVICES INC | 0.43% |
| PROTECTIVE LIFE CORP | 0.43% |
| AARON'S INC | 0.42% |
| HOLLYFRONTIER CORP | 0.42% |
| HORACE MANN EDUCATORS | 0.42% |
| LACLEDE GROUP INC/THE | 0.42% |
| VECTREN CORPORATION | 0.41% |
| TECO ENERGY INC | 0.40% |
| REDWOOD TRUST INC | 0.39% |
| ENDURANCE SPECIALTY HOLDINGS | 0.35% |
| MAGELLAN HEALTH SERVICES INC | 0.35% |
| CATO CORP-CLASS A | 0.33% |
| HCC INSURANCE HOLDINGS INC | 0.32% |
| MACK-CALI REALTY CORP | 0.32% |
| NETGEAR INC | 0.32% |
| FRANCESCAS HOLDINGS CORP | 0.31% |
| KOPPERS HOLDINGS INC | 0.31% |
| TWO HARBORS INVESTMENT CORP | 0.31% |
| KIMCO REALTY CORP | 0.26% |
| PHOTOMEDEX INC | 0.26% |
| SPARTAN STORES INC | 0.24% |
| PEPCO HOLDINGS INC | 0.23% |
| UNIVERSAL CORP/VA | 0.22% |
Full Portfolio Holdings as of 12/31/13
| OFG BANCORP | 1.64% |
|---|---|
| STRAYER EDUCATION INC | 1.44% |
| ALLIANT TECHSYSTEMS INC | 1.35% |
| WADDELL & REED FINANCIAL-A | 1.20% |
| TOWERS WATSON & CO-CL A | 1.13% |
| COMERICA INC | 1.12% |
| INSIGHT ENTERPRISES INC | 1.12% |
| SELECT MEDICAL HOLDINGS CORP | 1.10% |
| JAZZ PHARMACEUTICALS PLC | 1.09% |
| SPIRIT AIRLINES INC | 1.09% |
| AGCO CORP | 1.07% |
| APOLLO EDUCATION GROUP INC | 1.07% |
| ARROW ELECTRONICS INC | 1.04% |
| FOOT LOCKER INC | 1.03% |
| CAREFUSION CORP | 1.01% |
| OSHKOSH CORP | 1.01% |
| EAST WEST BANCORP INC | 1.00% |
| TIMKEN COMPANY | 1.00% |
| BANCORP INC/THE | 0.99% |
| JANUS CAPITAL GROUP INC | 0.99% |
| LEAR CORP | 0.99% |
| MANTECH INTERNATIONAL CORP-A | 0.99% |
| LAM RESEARCH CORP | 0.98% |
| AMERICAN EAGLE OUTFITTERS | 0.97% |
| JACOBS ENGINEERING GROUP INC | 0.97% |
| OFFICE DEPOT INC | 0.96% |
| ROCK TENN COMPANY -CL A | 0.92% |
| BROCADE COMMUNICATIONS SYS | 0.91% |
| GENWORTH FINANCIAL INC-CL A | 0.91% |
| NABORS INDUSTRIES LTD | 0.91% |
| H&R BLOCK INC | 0.90% |
| HUNTINGTON BANCSHARES INC | 0.90% |
| BIO-REFERENCE LABS INC | 0.88% |
| NAVIGANT CONSULTING INC | 0.87% |
| DELEK US HOLDINGS INC | 0.86% |
| GREATBATCH INC | 0.86% |
| PATTERSON COS INC | 0.86% |
| REPUBLIC AIRWAYS HOLDINGS IN | 0.86% |
| CHEESECAKE FACTORY INC/THE | 0.85% |
| DOMTAR CORP | 0.84% |
| ANN INC | 0.82% |
| RELIANCE STEEL & ALUMINUM | 0.82% |
| RESMED INC | 0.82% |
| JONES LANG LASALLE INC | 0.81% |
| KULICKE & SOFFA INDUSTRIES | 0.81% |
| SYMETRA FINANCIAL CORP | 0.81% |
| DEVRY EDUCATION GROUP INC | 0.80% |
| NELNET INC-CL A | 0.80% |
| DENBURY RESOURCES INC | 0.79% |
| MEDNAX INC | 0.79% |
| WABCO HOLDINGS INC | 0.79% |
| WORLD FUEL SERVICES CORP | 0.79% |
| FACTSET RESEARCH SYSTEMS INC | 0.78% |
| ITT EDUCATIONAL SERVICES INC | 0.78% |
| TRW AUTOMOTIVE HOLDINGS CORP | 0.78% |
| ACCO BRANDS CORP | 0.76% |
| F5 NETWORKS INC | 0.76% |
| GENESCO INC | 0.76% |
| GLOBAL PAYMENTS INC | 0.75% |
| AVNET INC | 0.73% |
| BIG LOTS INC | 0.72% |
| HELMERICH & PAYNE | 0.72% |
| CACI INTERNATIONAL INC -CL A | 0.71% |
| TEREX CORP | 0.71% |
| BROADRIDGE FINANCIAL SOLUTIO | 0.70% |
| CHEMED CORP | 0.70% |
| IAC INTERACTIVECORP | 0.70% |
| JARDEN CORP | 0.70% |
| ENSIGN GROUP INC/THE | 0.69% |
| URS CORP | 0.69% |
| VALUECLICK INC | 0.68% |
| METHANEX CORP | 0.67% |
| NEUSTAR INC-CLASS A | 0.67% |
| CHESAPEAKE UTILITIES CORP | 0.65% |
| KENNAMETAL INC | 0.65% |
| SUPERIOR ENERGY SERVICES INC | 0.65% |
| THORATEC CORP | 0.63% |
| HANGER INC | 0.62% |
| KLA-TENCOR CORPORATION | 0.62% |
| ENERGIZER HOLDINGS INC | 0.61% |
| SCHWEITZER-MAUDUIT INTL INC | 0.61% |
| STEVEN MADDEN LTD | 0.59% |
| VALIDUS HOLDINGS LTD | 0.59% |
| MANHATTAN ASSOCIATES INC | 0.58% |
| OWENS-ILLINOIS INC | 0.58% |
| TORCHMARK CORP | 0.58% |
| ORBITAL SCIENCES CORP | 0.57% |
| SKYWORKS SOLUTIONS INC | 0.56% |
| OIL STATES INTERNATIONAL INC | 0.55% |
| POLYCOM INC | 0.55% |
| CROCS INC | 0.54% |
| OWENS & MINOR INC | 0.54% |
| WHITING PETROLEUM CORP | 0.53% |
| AUTOLIV INC | 0.52% |
| DECKERS OUTDOOR CORP | 0.52% |
| DILLARDS INC-CL A | 0.52% |
| ASSOCIATED BANC-CORP | 0.51% |
| BIG 5 SPORTING GOODS CORP | 0.51% |
| DARLING INTERNATIONAL INC | 0.51% |
| E*TRADE FINANCIAL CORPORATION | 0.51% |
| ASPEN INSURANCE HOLDINGS LTD | 0.50% |
| ATWOOD OCEANICS INC | 0.50% |
| FIRST CITIZENS BCSHS -CL A | 0.50% |
| OMEGA HEALTHCARE INVESTORS | 0.50% |
| BOOZ ALLEN HAMILTON HOLDINGS | 0.49% |
| BORGWARNER INC | 0.49% |
| EL PASO ELECTRIC CO | 0.49% |
| INTER PARFUMS INC | 0.49% |
| KAISER ALUMINUM CORP | 0.49% |
| MYRIAD GENETICS INC | 0.49% |
| ALLEGIANT TRAVEL CO | 0.48% |
| POPULAR INC | 0.48% |
| BRANDYWINE REALTY TRUST | 0.47% |
| QUESTCOR PHARMACEUTICALS | 0.47% |
| OMNIVISION TECHNOLOGIES INC | 0.46% |
| BRADY CORPORATION - CL A | 0.45% |
| WR BERKLEY CORP | 0.45% |
| BUCKLE INC/THE | 0.44% |
| CHICO S FAS INC | 0.44% |
| COMMERCIAL METALS CO | 0.44% |
| PORTLAND GENERAL ELECTRIC CO | 0.44% |
| STANCORP FINANCIAL GROUP | 0.44% |
| UGI CORP | 0.44% |
| KEY ENERGY SERVICES INC | 0.43% |
| PROTECTIVE LIFE CORP | 0.43% |
| AARON'S INC | 0.42% |
| HOLLYFRONTIER CORP | 0.42% |
| HORACE MANN EDUCATORS | 0.42% |
| LACLEDE GROUP INC/THE | 0.42% |
| VECTREN CORPORATION | 0.41% |
| TECO ENERGY INC | 0.40% |
| REDWOOD TRUST INC | 0.39% |
| ENDURANCE SPECIALTY HOLDINGS | 0.35% |
| MAGELLAN HEALTH SERVICES INC | 0.35% |
| CATO CORP-CLASS A | 0.33% |
| HCC INSURANCE HOLDINGS INC | 0.32% |
| MACK-CALI REALTY CORP | 0.32% |
| NETGEAR INC | 0.32% |
| FRANCESCAS HOLDINGS CORP | 0.31% |
| KOPPERS HOLDINGS INC | 0.31% |
| TWO HARBORS INVESTMENT CORP | 0.31% |
| KIMCO REALTY CORP | 0.26% |
| PHOTOMEDEX INC | 0.26% |
| SPARTAN STORES INC | 0.24% |
| PEPCO HOLDINGS INC | 0.23% |
| UNIVERSAL CORP/VA | 0.22% |
Prior Top 10 Holdings
| Top 10 Holdings as of 01/31/14 | |
|---|---|
| 1: Strayer Education | 1.46% |
| 2: Oriental Finl Group Com | 1.41% |
| 3: Brocade Communications Systems | 1.35% |
| 4: Oshkosh Corp | 1.31% |
| 5: Jazz Pharmaceuticals | 1.31% |
| 6: Apollo Education Group | 1.29% |
| 7: Waddell Reed Financial | 1.22% |
| 8: Jones Lang Lasalle | 1.15% |
| 9: Spirit Airlines | 1.15% |
| 10: Comerica | 1.08% |
| Holdings represent 12.73% of portfolio | |
| Top 10 Holdings as of 12/31/13 | |
|---|---|
| 1: Oriental Finl Group Com | 1.64% |
| 2: Strayer Education | 1.44% |
| 3: Alliant Techsystems | 1.35% |
| 4: Waddell Reed Financial | 1.20% |
| 5: Towers Watson | 1.13% |
| 6: Comerica | 1.12% |
| 7: Insight Enterprises | 1.12% |
| 8: Egl Holding | 1.10% |
| 9: Jazz Pharmaceuticals | 1.09% |
| 10: Spirit Airlines | 1.09% |
| Holdings represent 12.28% of portfolio | |
| Top 10 Holdings as of 11/30/13 | |
|---|---|
| 1: Alliant Techsystems | 1.36% |
| 2: Insight Enterprises | 1.20% |
| 3: Waddell Reed Financial | 1.19% |
| 4: American Eagle Outfitters | 1.11% |
| 5: Spirit Airlines | 1.11% |
| 6: Comerica | 1.08% |
| 7: Agco Corp | 1.07% |
| 8: Apollo Education Group | 1.04% |
| 9: Carefusion Corp | 1.03% |
| 10: Lear Corp | 1.03% |
| Holdings represent 11.22% of portfolio | |
| Top 10 Holdings as of 10/31/13 | |
|---|---|
| 1: Alliant Techsystems | 1.26% |
| 2: Waddell Reed Financial | 1.18% |
| 3: Bio-Reference Labs | 1.17% |
| 4: Agco Corp | 1.10% |
| 5: American Eagle Outfitters | 1.10% |
| 6: Insight Enterprises | 1.09% |
| 7: Comerica | 1.07% |
| 8: Spirit Airlines | 1.07% |
| 9: Bancorp De | 1.06% |
| 10: Towers Watson | 1.06% |
| Holdings represent 11.16% of portfolio | |
Portfolio Composition as of 01/31/14
| Common stock | 99.57% |
|
|---|---|---|
| Cash and net other assets | 0.43% |
|
Top Industry Sectors as of 01/31/14
| Consumer discretionary | 19.19% |
|---|---|
| Financials | 18.84% |
| Industrials | 17.65% |
| Health care | 13.58% |
| Information technology | 13.00% |
| Energy | 8.71% |
| Materials | 5.07% |
| Utilities | 2.27% |
| Consumer staples | 1.26% |
| 0.43% |
| Cash and net other assets | 0.43% |
|---|
0
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.
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.