‡ 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
Putnam Small Cap Growth 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
Uncovering high-quality and fast-growing small-cap companiesCombining quality and aggressive growthWe believe portfolios that balance exposure to high-quality and aggressive growth small-cap stocks can offer strong risk-adjusted return potential.Research-intensive processOur fundamental investment process focuses on identifying growth opportunities where the market has undervalued the duration or magnitude of a company's growth potential.Long-term investment horizonWe seek to invest over a multiyear horizon to harness the power of compounding growth and embed risk management at multiple levels.
Management team
- Kathryn B. Lakin (Investing since 2008)
- Joshua H. Fillman (Investing since 2007)
- William C. Rives, CFA (Investing since 2013)
Daily pricing as of 10/14/24
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $67.153809 | $65.005154 |
| Unit Value Change | 0.409916 | 0.396006 |
Lipper ranking ‡ as of 08/31/24
Category: Small-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 35% | 28/80 |
| 1 yr. | 3% | 2/84 |
| 3 yrs. | 3% | 2/84 |
| 5 yrs. | 3% | 2/84 |
Quick facts as of 09/30/24
| Fiscal Year End | December |
| Asset Class | Putnam Advisor |
| Subaccount Status | Open to new investors |
| Number of issues | 89 |
| Turnover (fiscal year end) | 58% |
| Net Assets | $34M |
| Inception Date | 05/01/03 |
Performance
Performance as of 09/30/24
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 9.84% | 25.53% | 39.31% | 3.45% | 13.94% | 9.27% | 9.19% |
| Standardized | 0.41% | 15.53% | 29.31% | -2.12% | 10.98% | 6.67% | 7.82% |
| With optional enhanced death benefit | |||||||
| Unit Value | 9.80% | 25.39% | 39.10% | 3.30% | 13.77% | 9.11% | 9.02% |
| Standardized | 0.37% | 15.39% | 29.10% | -2.28% | 10.79% | 6.49% | 7.64% |
| Actual performance | |||||||
| Unit Value | 9.84% | 25.53% | 39.31% | 3.45% | 13.94% | 9.27% | 9.19% |
| Standardized | 0.41% | 15.53% | 29.31% | -2.12% | 10.98% | 6.67% | 7.82% |
| With optional enhanced death benefit | |||||||
| Unit Value | 9.80% | 25.39% | 39.10% | 3.30% | 13.77% | 9.11% | 9.02% |
| Standardized | 0.37% | 15.39% | 29.10% | -2.28% | 10.79% | 6.49% | 7.64% |
Annual Performance at NAV
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|
| 5.71% | -8.77% | 14.08% | 6.59% | -14.92% | 35.73% | 46.52% | 12.45% | -29.19% | 21.61% |
| With optional enhanced death benefit | |||||||||
| 5.55% | -8.90% | 13.91% | 6.43% | -15.05% | 35.53% | 46.30% | 12.28% | -29.30% | 21.43% |
Restated performance
Monthly as of 09/30/24 |
|
|---|---|
| Unit Value | 1.65% |
| Standardized | -7.21% |
YTD as of 10/14/24 |
|
|---|---|
| Unit Value | 28.37% |
| Standardized | 18.37% |
With optional enhanced death benefit
Monthly as of 09/30/24 |
|
|---|---|
| Unit Value | 1.63% |
| Standardized | -7.22% |
YTD as of 10/14/24 |
|
|---|---|
| Unit Value | 28.22% |
| Standardized | 18.22% |
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 08/31/24
| Alpha (%) | 5.59 |
| Beta | 0.94 |
| R Squared | 0.93 |
| Standard Deviation (3 yrs.) | 22.34 |
Holdings
| Parsons Corp | 2.06% |
| Comfort Systems Usa | 2.05% |
| Encompass Health Corp | 2.04% |
| Vertex | 2.04% |
| Murphy Usa | 2.00% |
| Carpenter Technology Corp | 1.95% |
| Merit Medical Systems | 1.93% |
| Halozyme Therapeutics | 1.88% |
| Ftai Aviation | 1.84% |
| Descartes Systems Group The | 1.80% |
| Top 10 holdings, total: | 19.58% |
| Top 10 holdings as of 08/31/24 | |
|---|---|
| 1: Parsons Corp | 2.06% |
| 2: Comfort Systems Usa | 2.05% |
| 3: Encompass Health Corp | 2.04% |
| 4: Vertex | 2.04% |
| 5: Murphy Usa | 2.00% |
| 6: Carpenter Technology Corp | 1.95% |
| 7: Merit Medical Systems | 1.93% |
| 8: Halozyme Therapeutics | 1.88% |
| 9: Ftai Aviation | 1.84% |
| 10: Descartes Systems Group The | 1.80% |
| Holdings represent 19.58% of portfolio | |
| Top 10 holdings as of 07/31/24 | |
|---|---|
| 1: Vertex | 2.09% |
| 2: Carpenter Technology Corp | 2.07% |
| 3: Parsons Corp | 2.06% |
| 4: Encompass Health Corp | 2.00% |
| 5: Comfort Systems Usa | 1.99% |
| 6: Descartes Systems Group The | 1.94% |
| 7: Murphy Usa | 1.94% |
| 8: Installed Building Products | 1.88% |
| 9: Lantheus Holdings | 1.80% |
| 10: Verra Mobility Corp | 1.79% |
| Holdings represent 19.55% of portfolio | |
| Top 10 holdings as of 06/30/24 | |
|---|---|
| 1: Super Micro Computer | 2.55% |
| 2: Nova | 2.14% |
| 3: Medpace Holdings | 2.08% |
| 4: Vertex | 2.06% |
| 5: Descartes Systems Group The | 2.01% |
| 6: Encompass Health Corp | 2.01% |
| 7: Comfort Systems Usa | 1.97% |
| 8: Murphy Usa | 1.96% |
| 9: Parsons Corp | 1.90% |
| 10: Camtek Israel | 1.86% |
| Holdings represent 20.54% of portfolio | |
| Top 10 holdings as of 05/31/24 | |
|---|---|
| 1: Super Micro Computer | 2.68% |
| 2: Comfort Systems Usa | 2.46% |
| 3: Medpace Holdings | 2.09% |
| 4: Nova | 2.08% |
| 5: Encompass Health Corp | 2.02% |
| 6: Carpenter Technology Corp | 1.92% |
| 7: Descartes Systems Group The | 1.92% |
| 8: Texas Roadhouse | 1.77% |
| 9: Verra Mobility Corp | 1.76% |
| 10: Vertex | 1.75% |
| Holdings represent 20.47% of portfolio | |
Portfolio Composition as of 08/31/24
| Common stock | 99.80% |
| Cash and net other assets | 0.20% |
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. 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. These risks are generally greater for small and midsize companies. 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.
Sector weightings as of 08/31/24
| Industrials | 25.95% |
|---|---|
| Health care | 23.33% |
| Information technology | 18.13% |
| Consumer discretionary | 10.76% |
| Financials | 7.58% |
| Materials | 5.70% |
| Energy | 3.35% |
| Consumer staples | 3.06% |
| Real estate | 1.95% |
| Other | 0.20% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 7.00% |
| 2 | 7.00% |
| 3 | 6.00% |
| 4 | 5.00% |
| 5 | 4.00% |
| 6 | 3.00% |
| 7 | 2.00% |
| 8+ | 0.00% |