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 08/17/17
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $29.338008 | $28.7054 |
| Unit Value Change | -0.479876 | -0.469651 |
Lipper ranking ‡ as of 07/31/17
Category: Equity Income Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 6% | 3/53 |
| 1 yr. | 49% | 37/75 |
| 3 yrs. | 31% | 22/70 |
| 5 yrs. | 4% | 2/62 |
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.
‡ 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 06/30/17
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 1.00% | 5.28% | 14.64% | 5.04% | 12.56% | 5.49% | 7.89% |
| Standardized | -7.00% | -2.72% | 6.64% | 2.56% | 11.81% | 5.49% | 7.89% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.96% | 5.20% | 14.47% | 4.88% | 12.39% | 5.33% | 7.73% |
| Standardized | -7.04% | -2.80% | 6.47% | 2.39% | 11.63% | 5.33% | 7.73% |
| Actual performance | |||||||
| Unit Value | 1.00% | 5.28% | 14.64% | 5.04% | 12.56% | 5.49% | 7.89% |
| Standardized | -7.00% | -2.72% | 6.64% | 2.56% | 11.81% | 5.49% | 7.89% |
| 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 | 1.00% | 5.28% | 14.64% | 15.89% | 80.71% | 70.65% | 193.26% |
| Standardized | -7.00% | -2.72% | 6.64% | 7.89% | 74.71% | 70.65% | 193.26% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.96% | 5.20% | 14.47% | 15.36% | 79.34% | 68.07% | 187.00% |
| Standardized | -7.04% | -2.80% | 6.47% | 7.36% | 73.34% | 68.07% | 187.00% |
| Actual performance | |||||||
| Unit Value | 1.00% | 5.28% | 14.64% | 15.89% | 80.71% | 70.65% | 193.26% |
| Standardized | -7.00% | -2.72% | 6.64% | 7.89% | 74.71% | 70.65% | 193.26% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 1.53% | -32.24% | 25.41% | 10.81% | 0.29% | 17.39% | 30.30% | 10.86% | -4.59% | 11.83% |
| With optional enhanced death benefit | |||||||||
| 1.37% | -32.35% | 25.22% | 10.64% | 0.14% | 17.21% | 30.10% | 10.69% | -4.74% | 11.66% |
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.
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 07/31/17
| JPMorgan Chase | 3.83% |
|
|---|---|---|
| Microsoft | 3.26% |
|
| Northrop Grumman | 3.16% |
|
| Citigroup | 2.97% |
|
| Bank of America | 2.65% |
|
| Comcast | 2.39% |
|
| Johnson & Johnson | 1.98% |
|
| Apple | 1.73% |
|
| AT&T | 1.57% |
|
| Becton Dickinson And | 1.56% |
|
| Top 10 holdings, total: | 25.10% |
|
Equity Holdings as of 06/30/17
| JPMORGAN CHASE & CO | 3.87% |
|---|---|
| MICROSOFT CORP | 3.13% |
| NORTHROP GRUMMAN CORP | 3.12% |
| CITIGROUP INC | 2.94% |
| BANK OF AMERICA CORP | 2.70% |
| COMCAST CORP-CLASS A | 2.33% |
| JOHNSON & JOHNSON | 2.00% |
| APPLE INC | 1.70% |
| EXXON MOBIL CORP | 1.55% |
| AT&T INC | 1.54% |
| BECTON DICKINSON AND CO | 1.53% |
| SCHWAB (CHARLES) CORP | 1.51% |
| MERCK & CO. INC. | 1.46% |
| ALPHABET INC-CL C | 1.37% |
| RAYTHEON COMPANY | 1.37% |
| CIGNA CORP | 1.33% |
| CONOCOPHILLIPS | 1.31% |
| AMERICAN INTERNATIONAL GROUP | 1.27% |
| PEPSICO INC | 1.25% |
| ALTRIA GROUP INC | 1.18% |
| DXC TECHNOLOGY CO | 1.14% |
| ASSURED GUARANTY LTD | 1.13% |
| MARATHON OIL CORP | 1.11% |
| PHILIP MORRIS INTERNATIONAL | 1.09% |
| STATE STREET CORP | 1.08% |
| HOME DEPOT INC | 1.03% |
| ASTRAZENECA PLC-SPONS ADR | 1.02% |
| REGIONS FINANCIAL CORP | 1.02% |
| DOW CHEMICAL CO/THE | 0.98% |
| GOLDMAN SACHS GROUP INC | 0.98% |
| UNION PACIFIC CORP | 0.98% |
| TEXAS INSTRUMENTS INC | 0.97% |
| AGILENT TECHNOLOGIES INC | 0.96% |
| VALERO ENERGY CORP | 0.96% |
| SOUTHWEST AIRLINES CO | 0.93% |
| EXELON CORP | 0.92% |
| JOHNSON CONTROLS INTERNATION | 0.91% |
| KRAFT HEINZ CO/THE | 0.91% |
| DELPHI AUTOMOTIVE PLC | 0.90% |
| CISCO SYSTEMS INC | 0.87% |
| DR PEPPER SNAPPLE GROUP INC | 0.86% |
| EDGEWELL PERSONAL CARE CO | 0.86% |
| HARTFORD FINANCIAL SVCS GRP | 0.86% |
| WALGREENS BOOTS ALLIANCE INC | 0.86% |
| CHUBB LTD | 0.85% |
| CHARTER COMMUNICATIONS INC-A | 0.83% |
| EOG RESOURCES INC | 0.83% |
| APPLIED MATERIALS INC | 0.81% |
| PFIZER INC | 0.81% |
| ELI LILLY & CO | 0.80% |
| FIDELITY NATIONAL INFO SERV | 0.79% |
| RADIAN GROUP INC | 0.79% |
| KKR & CO LP | 0.78% |
| SUNCOR ENERGY INC | 0.77% |
| BOSTON PROPERTIES INC | 0.76% |
| AMERICAN TOWER CORP | 0.75% |
| DANAHER CORP | 0.75% |
| HALLIBURTON CO | 0.74% |
| WELLS FARGO & CO | 0.74% |
| HILTON WORLDWIDE HOLDINGS IN | 0.73% |
| BROADCOM LTD | 0.72% |
| HONEYWELL INTERNATIONAL INC | 0.72% |
| BALL CORP | 0.71% |
| CF INDUSTRIES HOLDINGS INC | 0.71% |
| MOLSON COORS BREWING CO -B | 0.70% |
| ANADARKO PETROLEUM CORP | 0.69% |
| CALPINE CORP | 0.69% |
| GENERAL ELECTRIC CO | 0.67% |
| NRG ENERGY INC | 0.67% |
| SEALED AIR CORP | 0.67% |
| KEYCORP | 0.66% |
| DU PONT (E.I.) DE NEMOURS | 0.65% |
| EDISON INTERNATIONAL | 0.65% |
| AMERICAN ELECTRIC POWER | 0.63% |
| CAPITAL ONE FINANCIAL CORP | 0.63% |
| TOTAL SA | 0.63% |
| GAMING AND LEISURE PROPERTIE | 0.62% |
| FEDERAL REALTY INVS TRUST | 0.59% |
| AIR PRODUCTS & CHEMICALS INC | 0.57% |
| AIRBUS SE | 0.56% |
| KROGER CO | 0.52% |
| VODAFONE GROUP PLC-SP ADR | 0.51% |
| DISH NETWORK CORP-A | 0.50% |
| NXP SEMICONDUCTORS NV | 0.50% |
| P G & E CORP | 0.50% |
| CHENIERE ENERGY INC | 0.48% |
| PIONEER NAT RES CO | 0.48% |
| PULTEGROUP INC | 0.45% |
| FORTIVE CORP | 0.44% |
| INVESCO LTD | 0.43% |
| COTY INC-CL A | 0.40% |
| INTEL CORP | 0.36% |
| EQUITY LIFESTYLE PROPERTIES | 0.34% |
| COLGATE-PALMOLIVE CO | 0.33% |
| BERKSHIRE HATHAWAY INC-CL B | 0.31% |
| VERIZON COMMUNICATIONS INC | 0.30% |
| GENERAL MOTORS CO | 0.26% |
| MANDATORY EXCH TRUST P/P 144A 05.7500 CV PFD | 0.26% |
| NEXTERA ENERGY INC | 0.26% |
| CBS CORP-CLASS B NON VOTING | 0.24% |
| BRISTOL-MYERS SQUIBB CO | 0.23% |
| MFA FINANCIAL INC | 0.22% |
| ARCONIC INC 05.3750 CUM CV PFD | 0.16% |
| CENTURYLINK INC | 0.09% |
| AMERICAN TOWER CORP 05.5000 CV PFD | 0.08% |
| OPORTUN FIN CORP P/P SERIES H PFD | 0.05% |
| FRONTIER COMMUNICATIONS 11.1250 CUM CV PFD | 0.03% |
| OPORTUN FIN G-1 PFD CV P/P | 0.02% |
| ARCELORMITTAL-NY REGISTERED | 0.01% |
| GLOBAL FASHION GRP | 0.01% |
| GLOBAL FASHION GRP P/P | 0.01% |
| OPORTUN FIN CORP P/P | 0.01% |
| OPORTUN FIN F-1 PFD CV P/P | 0.01% |
| FABFURNISH GMBH P/P | 0.00% |
| NEW BIGFOOT OTHER AS P/P | 0.00% |
| NEW MIDDLE EAST OTHE P/P | 0.00% |
| OPORTUN FIN A-1 PFD CV P/P | 0.00% |
| OPORTUN FIN B-1 PFD CV P/P | 0.00% |
| OPORTUN FIN C-1 PFD CV P/P | 0.00% |
| OPORTUN FIN D-1 PFD CV P/P | 0.00% |
| OPORTUN FIN E-1 PFD CV P/P | 0.00% |
| OPORTUN FIN F PFD CV P/P | 0.00% |
Full Portfolio Holdings as of 06/30/17
| JPMORGAN CHASE & CO | 3.87% |
|---|---|
| MICROSOFT CORP | 3.13% |
| NORTHROP GRUMMAN CORP | 3.12% |
| CITIGROUP INC | 2.94% |
| BANK OF AMERICA CORP | 2.70% |
| COMCAST CORP-CLASS A | 2.33% |
| JOHNSON & JOHNSON | 2.00% |
| APPLE INC | 1.70% |
| EXXON MOBIL CORP | 1.55% |
| AT&T INC | 1.54% |
| BECTON DICKINSON AND CO | 1.53% |
| SCHWAB (CHARLES) CORP | 1.51% |
| MERCK & CO. INC. | 1.46% |
| ALPHABET INC-CL C | 1.37% |
| RAYTHEON COMPANY | 1.37% |
| CIGNA CORP | 1.33% |
| CONOCOPHILLIPS | 1.31% |
| AMERICAN INTERNATIONAL GROUP | 1.27% |
| PEPSICO INC | 1.25% |
| ALTRIA GROUP INC | 1.18% |
| DXC TECHNOLOGY CO | 1.14% |
| ASSURED GUARANTY LTD | 1.13% |
| MARATHON OIL CORP | 1.11% |
| PHILIP MORRIS INTERNATIONAL | 1.09% |
| STATE STREET CORP | 1.08% |
| HOME DEPOT INC | 1.03% |
| ASTRAZENECA PLC-SPONS ADR | 1.02% |
| REGIONS FINANCIAL CORP | 1.02% |
| DOW CHEMICAL CO/THE | 0.98% |
| GOLDMAN SACHS GROUP INC | 0.98% |
| UNION PACIFIC CORP | 0.98% |
| TEXAS INSTRUMENTS INC | 0.97% |
| AGILENT TECHNOLOGIES INC | 0.96% |
| VALERO ENERGY CORP | 0.96% |
| SOUTHWEST AIRLINES CO | 0.93% |
| EXELON CORP | 0.92% |
| JOHNSON CONTROLS INTERNATION | 0.91% |
| KRAFT HEINZ CO/THE | 0.91% |
| DELPHI AUTOMOTIVE PLC | 0.90% |
| CISCO SYSTEMS INC | 0.87% |
| DR PEPPER SNAPPLE GROUP INC | 0.86% |
| EDGEWELL PERSONAL CARE CO | 0.86% |
| HARTFORD FINANCIAL SVCS GRP | 0.86% |
| WALGREENS BOOTS ALLIANCE INC | 0.86% |
| CHUBB LTD | 0.85% |
| CHARTER COMMUNICATIONS INC-A | 0.83% |
| EOG RESOURCES INC | 0.83% |
| APPLIED MATERIALS INC | 0.81% |
| PFIZER INC | 0.81% |
| ELI LILLY & CO | 0.80% |
| FIDELITY NATIONAL INFO SERV | 0.79% |
| RADIAN GROUP INC | 0.79% |
| KKR & CO LP | 0.78% |
| SUNCOR ENERGY INC | 0.77% |
| BOSTON PROPERTIES INC | 0.76% |
| AMERICAN TOWER CORP | 0.75% |
| DANAHER CORP | 0.75% |
| HALLIBURTON CO | 0.74% |
| WELLS FARGO & CO | 0.74% |
| HILTON WORLDWIDE HOLDINGS IN | 0.73% |
| BROADCOM LTD | 0.72% |
| HONEYWELL INTERNATIONAL INC | 0.72% |
| BALL CORP | 0.71% |
| CF INDUSTRIES HOLDINGS INC | 0.71% |
| MOLSON COORS BREWING CO -B | 0.70% |
| ANADARKO PETROLEUM CORP | 0.69% |
| CALPINE CORP | 0.69% |
| GENERAL ELECTRIC CO | 0.67% |
| NRG ENERGY INC | 0.67% |
| SEALED AIR CORP | 0.67% |
| KEYCORP | 0.66% |
| DU PONT (E.I.) DE NEMOURS | 0.65% |
| EDISON INTERNATIONAL | 0.65% |
| AMERICAN ELECTRIC POWER | 0.63% |
| CAPITAL ONE FINANCIAL CORP | 0.63% |
| TOTAL SA | 0.63% |
| GAMING AND LEISURE PROPERTIE | 0.62% |
| FEDERAL REALTY INVS TRUST | 0.59% |
| AIR PRODUCTS & CHEMICALS INC | 0.57% |
| AIRBUS SE | 0.56% |
| KROGER CO | 0.52% |
| VODAFONE GROUP PLC-SP ADR | 0.51% |
| DISH NETWORK CORP-A | 0.50% |
| NXP SEMICONDUCTORS NV | 0.50% |
| P G & E CORP | 0.50% |
| CHENIERE ENERGY INC | 0.48% |
| PIONEER NAT RES CO | 0.48% |
| PULTEGROUP INC | 0.45% |
| FORTIVE CORP | 0.44% |
| INVESCO LTD | 0.43% |
| COTY INC-CL A | 0.40% |
| INTEL CORP | 0.36% |
| EQUITY LIFESTYLE PROPERTIES | 0.34% |
| COLGATE-PALMOLIVE CO | 0.33% |
| BERKSHIRE HATHAWAY INC-CL B | 0.31% |
| VERIZON COMMUNICATIONS INC | 0.30% |
| GENERAL MOTORS CO | 0.26% |
| MANDATORY EXCH TRUST P/P 144A 05.7500 CV PFD | 0.26% |
| NEXTERA ENERGY INC | 0.26% |
| CBS CORP-CLASS B NON VOTING | 0.24% |
| BRISTOL-MYERS SQUIBB CO | 0.23% |
| MFA FINANCIAL INC | 0.22% |
| ARCONIC INC 05.3750 CUM CV PFD | 0.16% |
| CENTURYLINK INC | 0.09% |
| AMERICAN TOWER CORP 05.5000 CV PFD | 0.08% |
| OPORTUN FIN CORP P/P SERIES H PFD | 0.05% |
| FRONTIER COMMUNICATIONS 11.1250 CUM CV PFD | 0.03% |
| OPORTUN FIN G-1 PFD CV P/P | 0.02% |
| ARCELORMITTAL-NY REGISTERED | 0.01% |
| GLOBAL FASHION GRP | 0.01% |
| GLOBAL FASHION GRP P/P | 0.01% |
| OPORTUN FIN CORP P/P | 0.01% |
| OPORTUN FIN F-1 PFD CV P/P | 0.01% |
| CAD/USD 07/19/2017 CITI | 0.00% |
| CAD/USD 07/19/2017 GSFX | 0.00% |
| EUR/USD 09/20/2017 BANKAM | 0.00% |
| EUR/USD 09/20/2017 GSFX | 0.00% |
| EUR/USD 09/20/2017 SSBT | 0.00% |
| FABFURNISH GMBH P/P | 0.00% |
| GBP/USD 09/20/2017 BANKAM | 0.00% |
| NEW BIGFOOT OTHER AS P/P | 0.00% |
| NEW MIDDLE EAST OTHE P/P | 0.00% |
| OPORTUN FIN A-1 PFD CV P/P | 0.00% |
| OPORTUN FIN B-1 PFD CV P/P | 0.00% |
| OPORTUN FIN C-1 PFD CV P/P | 0.00% |
| OPORTUN FIN D-1 PFD CV P/P | 0.00% |
| OPORTUN FIN E-1 PFD CV P/P | 0.00% |
| OPORTUN FIN F PFD CV P/P | 0.00% |
| THE EURO EUR CALL ACCOUNT | 0.00% |
| GBP/USD 09/20/2017 BCAP-FX | -0.01% |
| GBP/USD 09/20/2017 GSFX | -0.01% |
Prior top 10 holdings
| Top 10 holdings as of 07/31/17 | |
|---|---|
| 1: JPMorgan Chase | 3.83% |
| 2: Microsoft | 3.26% |
| 3: Northrop Grumman | 3.16% |
| 4: Citigroup | 2.97% |
| 5: Bank of America | 2.65% |
| 6: Comcast | 2.39% |
| 7: Johnson & Johnson | 1.98% |
| 8: Apple | 1.73% |
| 9: AT&T | 1.57% |
| 10: Becton Dickinson And | 1.56% |
| Holdings represent 25.10% of portfolio | |
| Top 10 holdings as of 06/30/17 | |
|---|---|
| 1: JPMorgan Chase | 3.87% |
| 2: Microsoft | 3.13% |
| 3: Northrop Grumman | 3.12% |
| 4: Citigroup | 2.94% |
| 5: Bank of America | 2.70% |
| 6: Comcast | 2.33% |
| 7: Johnson & Johnson | 2.00% |
| 8: Apple | 1.70% |
| 9: Exxon Mobil | 1.55% |
| 10: AT&T | 1.54% |
| Holdings represent 24.88% of portfolio | |
| Top 10 holdings as of 05/31/17 | |
|---|---|
| 1: JPMorgan Chase | 3.45% |
| 2: Microsoft | 3.15% |
| 3: Northrop Grumman Corp | 3.13% |
| 4: Citigroup | 2.65% |
| 5: Bank Of America | 2.48% |
| 6: Comcast | 2.48% |
| 7: Johnson & Johnson | 1.92% |
| 8: Apple | 1.79% |
| 9: AT&T | 1.56% |
| 10: Exxon Mobil | 1.54% |
| Holdings represent 24.15% of portfolio | |
| Top 10 holdings as of 04/30/17 | |
|---|---|
| 1: Microsoft Corp | 3.27% |
| 2: Northrop Grumman Corp | 3.15% |
| 3: JPMorgan Chase | 2.92% |
| 4: Citigroup | 2.64% |
| 5: Bank Of America Corp | 2.55% |
| 6: Comcast Corp | 2.39% |
| 7: Eli Lilly | 2.38% |
| 8: Johnson & Johnson | 2.35% |
| 9: Wells Fargo | 2.15% |
| 10: AT&T | 2.10% |
| Holdings represent 25.90% of portfolio | |
Portfolio Composition as of 07/31/17
| Common stock | 95.45% |
|
|---|---|---|
| Cash and net other assets | 3.91% |
|
| Convertible preferred stock | 0.64% |
|
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.
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.
‡ 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.