Putnam Allstate Advisor Plus
Putnam Equity Income Subaccount
The subaccount seeks current income. Capital growth is a secondary objective when consistent with seeking current income.
- Highlights
- Performance
- Holdings
- Expenses
Fund Description
The subaccount employs Putnam's value strategy to invest primarily in stocks of large and mid-sized companies that are undervalued and poised for positive change. The subaccount favors dividend-paying companies and is broadly diversified across market sectors. To help manage volatility and increase current income, up to 20% of the portfolio can be invested in high quality, fixed-income securities.
Sales Story
Seeking to harness the power of stock dividends Dividend-paying companies: Dividends offer evidence of a company's commitment to creating shareholder value and are typically paid by more established companies.A large-value focus: The fund focuses on large companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.A rigorous process: The fund's experienced manager combines quantitative research with rigorous fundamental investment research to find opportunities and manage risk.
Management team
- Walter D. Scully, CPA (Investing since 1996)
- Darren A. Jaroch, CFA (Investing since 1996)
Daily Pricing as of 03/05/15
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $26.586925 | $26.110883 |
| Unit Value Change | -0.001175 | -0.001263 |
‡ Lipper Ranking as of 01/31/15
Category: Equity Income
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 7% | 3/42 |
| 1 yr. | 25% | 16/64 |
| 3 yrs. | 4% | 2/56 |
| 5 yrs. | 14% | 7/50 |
Mutual funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Capital gains, if any, are taxable for federal and, in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. 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 12/31/14
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 4.21% | 10.86% | 10.86% | 19.25% | 13.51% | 7.04% | 8.58% |
| Standardized | -3.79% | 2.86% | 2.86% | 17.34% | 12.78% | 7.04% | 8.58% |
| With optional enhanced death benefit | |||||||
| Unit Value | 4.17% | 10.69% | 10.69% | 19.07% | 13.34% | 6.87% | 8.41% |
| Standardized | -3.83% | 2.69% | 2.69% | 17.15% | 12.60% | 6.87% | 8.41% |
| Actual performance | |||||||
| Unit Value | 4.21% | 10.86% | 10.86% | 19.25% | 13.51% | 7.04% | 8.58% |
| Standardized | -3.79% | 2.86% | 2.86% | 17.34% | 12.78% | 7.04% | 8.58% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 4.21% | 10.86% | 10.86% | 69.57% | 88.44% | 97.39% | 161.07% |
| Standardized | -3.79% | 2.86% | 2.86% | 61.57% | 82.44% | 97.39% | 161.07% |
| With optional enhanced death benefit | |||||||
| Unit Value | 4.17% | 10.69% | 10.69% | 68.79% | 87.01% | 94.40% | 156.47% |
| Standardized | -3.83% | 2.69% | 2.69% | 60.79% | 81.01% | 94.40% | 156.47% |
| Actual performance | |||||||
| Unit Value | 4.21% | 10.86% | 10.86% | 69.57% | 88.44% | 97.39% | 161.07% |
| Standardized | -3.79% | 2.86% | 2.86% | 61.57% | 82.44% | 97.39% | 161.07% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| 3.82% | 16.95% | 1.53% | -32.24% | 25.41% | 10.81% | 0.29% | 17.39% | 30.30% | 10.86% |
| With optional enhanced death benefit | |||||||||
| 3.66% | 16.77% | 1.37% | -32.35% | 25.22% | 10.64% | 0.14% | 17.21% | 30.10% | 10.69% |
Restated performance
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With optional enhanced death benefit
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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.
Mutual funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Capital gains, if any, are taxable for federal and, in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. 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 01/31/15
| Northrop Grumman Corp | 2.47% |
|
|---|---|---|
| Eli Lilly | 2.43% |
|
| Cigna Corp | 2.36% |
|
| Exxon Mobil Corp | 2.36% |
|
| Johnson Johnson | 2.02% |
|
| Wells Fargo | 1.97% |
|
| Comcast Corp | 1.94% |
|
| Marathon Oil Corp | 1.92% |
|
| Citigroup | 1.91% |
|
| Royal Dutch Shell | 1.57% |
|
| Top 10 holdings, total: | 20.95% |
|
Equity Holdings as of 12/31/14
| EXXON MOBIL CORP | 2.42% |
|---|---|
| ELI LILLY & CO | 2.25% |
| NORTHROP GRUMMAN CORP | 2.24% |
| CIGNA CORP | 2.20% |
| CITIGROUP INC | 2.13% |
| COMCAST CORP-SPECIAL CL A | 2.05% |
| JOHNSON & JOHNSON | 2.04% |
| WELLS FARGO & CO | 2.02% |
| MARATHON OIL CORP | 1.97% |
| ROYAL DUTCH SHELL-SPON ADR-A | 1.66% |
| STATE STREET CORP | 1.50% |
| JPMORGAN CHASE & CO | 1.49% |
| CVS HEALTH CORP | 1.42% |
| VERIZON COMMUNICATIONS INC | 1.37% |
| GENERAL DYNAMICS CORP | 1.34% |
| APPLE INC | 1.31% |
| ASTRAZENECA PLC-SPONS ADR | 1.27% |
| BAXTER INTERNATIONAL INC | 1.26% |
| TIME WARNER INC | 1.24% |
| AMERICAN AIRLINES GROUP INC | 1.21% |
| CME GROUP INC | 1.20% |
| AMERICAN INTERNATIONAL GROUP | 1.19% |
| L-3 COMMUNICATIONS HLDGS INC | 1.13% |
| COTY INC-CL A | 1.10% |
| METLIFE INC | 1.06% |
| TRW AUTOMOTIVE HOLDINGS CORP | 1.06% |
| EXELON CORP | 1.05% |
| HONEYWELL INTERNATIONAL INC | 1.05% |
| MERCK & CO. INC. | 1.03% |
| GOOGLE INC-CL C | 1.01% |
| PHILIP MORRIS INTERNATIONAL | 1.01% |
| EMC CORP/MA | 0.99% |
| DELPHI AUTOMOTIVE PLC | 0.95% |
| UNION PACIFIC CORP | 0.95% |
| SCHWAB (CHARLES) CORP | 0.94% |
| AIR PRODUCTS & CHEMICALS INC | 0.93% |
| BANK OF AMERICA CORP | 0.92% |
| AT&T INC | 0.88% |
| GENERAL ELECTRIC CO | 0.86% |
| OFFICE DEPOT INC | 0.85% |
| DR PEPPER SNAPPLE GROUP INC | 0.83% |
| TYCO INTERNATIONAL PLC | 0.83% |
| BOSTON PROPERTIES INC | 0.82% |
| CISCO SYSTEMS INC | 0.80% |
| GENERAL MOTORS CO | 0.80% |
| KEYCORP | 0.77% |
| PFIZER INC | 0.77% |
| NXP SEMICONDUCTORS NV | 0.76% |
| REGIONS FINANCIAL CORP | 0.76% |
| COCA-COLA ENTERPRISES | 0.75% |
| VODAFONE GROUP PLC-SP ADR | 0.74% |
| ASSURED GUARANTY LTD | 0.73% |
| HARTFORD FINANCIAL SVCS GRP | 0.72% |
| QUALCOMM INC | 0.72% |
| AGILENT TECHNOLOGIES INC | 0.71% |
| COMPUTER SCIENCES CORP | 0.71% |
| EDISON INTERNATIONAL | 0.71% |
| SEAGATE TECHNOLOGY | 0.71% |
| UNITED TECHNOLOGIES CORP | 0.71% |
| RADIAN GROUP INC | 0.70% |
| TEXAS INSTRUMENTS INC | 0.70% |
| ALCOA INC 05.3750 CUM CV PFD | 0.69% |
| KRAFT FOODS GROUP INC | 0.68% |
| DOW CHEMICAL CO/THE | 0.67% |
| LIBERTY GLOBAL PLC-SERIES C | 0.67% |
| UNITEDHEALTH GROUP INC | 0.67% |
| INTEL CORP | 0.66% |
| PPL CORP | 0.66% |
| MFA FINANCIAL INC | 0.65% |
| VALERO ENERGY CORP | 0.65% |
| ZIMMER HOLDINGS INC | 0.64% |
| CBS CORP-CLASS B NON VOTING | 0.63% |
| EOG RESOURCES INC | 0.63% |
| PEPSICO INC | 0.63% |
| MACY'S INC | 0.62% |
| NEXTERA ENERGY INC | 0.60% |
| LORILLARD INC | 0.59% |
| MEADWESTVACO CORP | 0.59% |
| PARTNERRE LTD | 0.58% |
| HASBRO INC | 0.57% |
| AMERICAN ELECTRIC POWER | 0.56% |
| SANDISK CORP | 0.56% |
| GENWORTH FINANCIAL INC-CL A | 0.55% |
| EQUITY LIFESTYLE PROPERTIES | 0.53% |
| HILTON WORLDWIDE HOLDINGS IN | 0.53% |
| PACKAGING CORP OF AMERICA | 0.53% |
| ENERGIZER HOLDINGS INC | 0.52% |
| GAP INC/THE | 0.51% |
| KELLOGG CO | 0.51% |
| NATIONAL OILWELL VARCO INC | 0.51% |
| FIDELITY NATIONAL INFORMATIO | 0.50% |
| AMEREN CORPORATION | 0.49% |
| COVIDIEN PLC | 0.49% |
| INVESCO LTD | 0.49% |
| CENTURYLINK INC | 0.48% |
| DANA HOLDING CORP | 0.47% |
| AMERICAN TOWER CORP | 0.46% |
| MAXIM INTEGRATED PRODUCTS | 0.45% |
| CALPINE CORP | 0.44% |
| PULTEGROUP INC | 0.42% |
| ALTRIA GROUP INC | 0.40% |
| CAPITAL ONE FINANCIAL CORP | 0.40% |
| SEALED AIR CORP | 0.39% |
| GAMING AND LEISURE PROPERTIE | 0.37% |
| NRG ENERGY INC | 0.37% |
| QEP RESOURCES INC | 0.36% |
| SYMANTEC CORP | 0.35% |
| FREEPORT-MCMORAN INC | 0.33% |
| WILLIS GROUP HOLDINGS PLC | 0.30% |
| HI-CRUSH PARTNERS LP | 0.22% |
| TOTAL SA | 0.15% |
| HATTERAS FINANCIAL CORP | 0.14% |
| MCDERMOTT INTERNATIONAL 06.2500 CV PFD | 0.13% |
| ALTISOURCE PORTFOLIO SOL | 0.11% |
| AMERICAN TOWER CORP 05.2500 CV PFD | 0.11% |
| STANLEY BLACK & DECKER I 06.2500 CV PFD | 0.06% |
| ARCELORMITTAL 06.0000 CUM CV PFD | 0.05% |
| NEXTERA ENERGY PARTNERS LP | 0.01% |
| CALIFORNIA RESOURCES CORP | 0.00% |
| TOTAL SA-SPON ADR | 0.00% |
Full Portfolio Holdings as of 12/31/14
| EXXON MOBIL CORP | 2.42% |
|---|---|
| ELI LILLY & CO | 2.25% |
| NORTHROP GRUMMAN CORP | 2.24% |
| CIGNA CORP | 2.20% |
| CITIGROUP INC | 2.13% |
| COMCAST CORP-SPECIAL CL A | 2.05% |
| JOHNSON & JOHNSON | 2.04% |
| WELLS FARGO & CO | 2.02% |
| MARATHON OIL CORP | 1.97% |
| ROYAL DUTCH SHELL-SPON ADR-A | 1.66% |
| STATE STREET CORP | 1.50% |
| JPMORGAN CHASE & CO | 1.49% |
| CVS HEALTH CORP | 1.42% |
| VERIZON COMMUNICATIONS INC | 1.37% |
| GENERAL DYNAMICS CORP | 1.34% |
| APPLE INC | 1.31% |
| ASTRAZENECA PLC-SPONS ADR | 1.27% |
| BAXTER INTERNATIONAL INC | 1.26% |
| TIME WARNER INC | 1.24% |
| AMERICAN AIRLINES GROUP INC | 1.21% |
| CME GROUP INC | 1.20% |
| AMERICAN INTERNATIONAL GROUP | 1.19% |
| L-3 COMMUNICATIONS HLDGS INC | 1.13% |
| COTY INC-CL A | 1.10% |
| METLIFE INC | 1.06% |
| TRW AUTOMOTIVE HOLDINGS CORP | 1.06% |
| EXELON CORP | 1.05% |
| HONEYWELL INTERNATIONAL INC | 1.05% |
| MERCK & CO. INC. | 1.03% |
| GOOGLE INC-CL C | 1.01% |
| PHILIP MORRIS INTERNATIONAL | 1.01% |
| EMC CORP/MA | 0.99% |
| DELPHI AUTOMOTIVE PLC | 0.95% |
| UNION PACIFIC CORP | 0.95% |
| SCHWAB (CHARLES) CORP | 0.94% |
| AIR PRODUCTS & CHEMICALS INC | 0.93% |
| BANK OF AMERICA CORP | 0.92% |
| AT&T INC | 0.88% |
| GENERAL ELECTRIC CO | 0.86% |
| OFFICE DEPOT INC | 0.85% |
| DR PEPPER SNAPPLE GROUP INC | 0.83% |
| TYCO INTERNATIONAL PLC | 0.83% |
| BOSTON PROPERTIES INC | 0.82% |
| CISCO SYSTEMS INC | 0.80% |
| GENERAL MOTORS CO | 0.80% |
| KEYCORP | 0.77% |
| PFIZER INC | 0.77% |
| NXP SEMICONDUCTORS NV | 0.76% |
| REGIONS FINANCIAL CORP | 0.76% |
| COCA-COLA ENTERPRISES | 0.75% |
| VODAFONE GROUP PLC-SP ADR | 0.74% |
| ASSURED GUARANTY LTD | 0.73% |
| HARTFORD FINANCIAL SVCS GRP | 0.72% |
| QUALCOMM INC | 0.72% |
| AGILENT TECHNOLOGIES INC | 0.71% |
| COMPUTER SCIENCES CORP | 0.71% |
| EDISON INTERNATIONAL | 0.71% |
| SEAGATE TECHNOLOGY | 0.71% |
| UNITED TECHNOLOGIES CORP | 0.71% |
| RADIAN GROUP INC | 0.70% |
| TEXAS INSTRUMENTS INC | 0.70% |
| ALCOA INC 05.3750 CUM CV PFD | 0.69% |
| KRAFT FOODS GROUP INC | 0.68% |
| DOW CHEMICAL CO/THE | 0.67% |
| LIBERTY GLOBAL PLC-SERIES C | 0.67% |
| UNITEDHEALTH GROUP INC | 0.67% |
| INTEL CORP | 0.66% |
| PPL CORP | 0.66% |
| MFA FINANCIAL INC | 0.65% |
| VALERO ENERGY CORP | 0.65% |
| ZIMMER HOLDINGS INC | 0.64% |
| CBS CORP-CLASS B NON VOTING | 0.63% |
| EOG RESOURCES INC | 0.63% |
| PEPSICO INC | 0.63% |
| MACY'S INC | 0.62% |
| NEXTERA ENERGY INC | 0.60% |
| LORILLARD INC | 0.59% |
| MEADWESTVACO CORP | 0.59% |
| PARTNERRE LTD | 0.58% |
| HASBRO INC | 0.57% |
| AMERICAN ELECTRIC POWER | 0.56% |
| SANDISK CORP | 0.56% |
| GENWORTH FINANCIAL INC-CL A | 0.55% |
| EQUITY LIFESTYLE PROPERTIES | 0.53% |
| HILTON WORLDWIDE HOLDINGS IN | 0.53% |
| PACKAGING CORP OF AMERICA | 0.53% |
| ENERGIZER HOLDINGS INC | 0.52% |
| GAP INC/THE | 0.51% |
| KELLOGG CO | 0.51% |
| NATIONAL OILWELL VARCO INC | 0.51% |
| FIDELITY NATIONAL INFORMATIO | 0.50% |
| AMEREN CORPORATION | 0.49% |
| COVIDIEN PLC | 0.49% |
| INVESCO LTD | 0.49% |
| CENTURYLINK INC | 0.48% |
| DANA HOLDING CORP | 0.47% |
| AMERICAN TOWER CORP | 0.46% |
| MAXIM INTEGRATED PRODUCTS | 0.45% |
| CALPINE CORP | 0.44% |
| PULTEGROUP INC | 0.42% |
| ALTRIA GROUP INC | 0.40% |
| CAPITAL ONE FINANCIAL CORP | 0.40% |
| MGIC INVESTMENT CORP CV 05.0000 05/01/2017 | 0.40% |
| SEALED AIR CORP | 0.39% |
| GAMING AND LEISURE PROPERTIE | 0.37% |
| NRG ENERGY INC | 0.37% |
| QEP RESOURCES INC | 0.36% |
| SYMANTEC CORP | 0.35% |
| WESCO INTERNATIONAL CV 06.0000 09/15/2029 | 0.34% |
| FREEPORT-MCMORAN INC | 0.33% |
| WILLIS GROUP HOLDINGS PLC | 0.30% |
| HI-CRUSH PARTNERS LP | 0.22% |
| TOTAL SA | 0.15% |
| HATTERAS FINANCIAL CORP | 0.14% |
| MCDERMOTT INTERNATIONAL 06.2500 CV PFD | 0.13% |
| ALTISOURCE PORTFOLIO SOL | 0.11% |
| AMERICAN TOWER CORP 05.2500 CV PFD | 0.11% |
| STANLEY BLACK & DECKER I 06.2500 CV PFD | 0.06% |
| ARCELORMITTAL 06.0000 CUM CV PFD | 0.05% |
| NEXTERA ENERGY PARTNERS LP | 0.01% |
| CALIFORNIA RESOURCES CORP | 0.00% |
| TOTAL SA-SPON ADR | 0.00% |
Prior top 10 holdings
| Top 10 holdings as of 01/31/15 | |
|---|---|
| 1: Northrop Grumman Corp | 2.47% |
| 2: Eli Lilly | 2.43% |
| 3: Cigna Corp | 2.36% |
| 4: Exxon Mobil Corp | 2.36% |
| 5: Johnson Johnson | 2.02% |
| 6: Wells Fargo | 1.97% |
| 7: Comcast Corp | 1.94% |
| 8: Marathon Oil Corp | 1.92% |
| 9: Citigroup | 1.91% |
| 10: Royal Dutch Shell | 1.57% |
| Holdings represent 20.95% of portfolio | |
| Top 10 holdings as of 12/31/14 | |
|---|---|
| 1: Exxon Mobil Corp | 2.42% |
| 2: Eli Lilly | 2.25% |
| 3: Northrop Grumman Corp | 2.24% |
| 4: Cigna Corp | 2.20% |
| 5: Citigroup | 2.13% |
| 6: Comcast Corp | 2.05% |
| 7: Johnson Johnson | 2.04% |
| 8: Wells Fargo | 2.02% |
| 9: Marathon Oil Corp | 1.97% |
| 10: Royal Dutch Shell | 1.66% |
| Holdings represent 20.98% of portfolio | |
| Top 10 holdings as of 11/30/14 | |
|---|---|
| 1: Exxon Mobil Corp | 2.35% |
| 2: Eli Lilly | 2.21% |
| 3: Cigna Corp | 2.18% |
| 4: Northrop Grumman Corp | 2.13% |
| 5: Johnson Johnson | 2.10% |
| 6: Comcast Corp | 2.01% |
| 7: Marathon Oil Corp | 2.00% |
| 8: Wells Fargo | 1.99% |
| 9: Citigroup | 1.72% |
| 10: Royal Dutch Shell | 1.63% |
| Holdings represent 20.32% of portfolio | |
| Top 10 holdings as of 10/31/14 | |
|---|---|
| 1: Exxon Mobil Corp | 2.55% |
| 2: Marathon Oil Corp | 2.49% |
| 3: Eli Lilly | 2.18% |
| 4: Cigna Corp | 2.15% |
| 5: Johnson Johnson | 2.12% |
| 6: Northrop Grumman Corp | 2.12% |
| 7: Comcast Corp | 1.98% |
| 8: Wells Fargo | 1.97% |
| 9: Royal Dutch Shell | 1.79% |
| 10: Citigroup | 1.74% |
| Holdings represent 21.09% of portfolio | |
Portfolio Composition as of 01/31/15
| Common stock | 94.47% |
|
|---|---|---|
| Cash and net other assets | 3.78% |
|
| Convertible preferred stock | 0.98% |
|
| Convertible bonds | 0.72% |
|
| Preferred stock | 0.05% |
|
Allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
Mutual funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Capital gains, if any, are taxable for federal and, in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. 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.
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
Mutual funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Capital gains, if any, are taxable for federal and, in most cases, state purposes. For some investors, investment income may be subject to the federal alternative minimum tax. Income from federally exempt funds may be subject to state and local taxes. 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.