Putnam Capital Manager

Putnam Sustainable Future Subaccount

The subaccount seeks long-term capital appreciation.

Fund description

The subaccount employs a value strategy to identify undervalued, high-quality companies among the market's mid-cap offerings. The subaccount's managers seek stocks they believe have been under-estimated by the market. They target profitable, established companies of two kinds: smaller companies that have grown to midsize, and larger companies that have fallen out of favor temporarily but are expected to recover.

Sales story

Investing in growing companies solving sustainability challengesImpact companies: The fund invests in growth companies that directly demonstrate positive impact in social, environmental, or economic development.Active strategy: The managers utilize bottom-up research to identify companies with attractive sustainability, fundamental, and valuation characteristics.Veteran team: A dedicated sustainable investing team is backed by Putnam's equity research and quantitative/risk analysis groups.

Management team

Lipper ranking ‡ as of 02/29/20

Category: Multi-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 85% 73/85
1 yr. 63% 65/103
3 yrs. 93% 96/103
5 yrs. 92% 94/102

Risk Characteristics as of 02/29/20

Alpha (%) 0.80
Beta 0.87
R squared 0.95
Standard deviation (3 yrs.) 13.10

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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.

Quick facts as of 02/29/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 70
Turnover (fiscal year end) 57%
Net Assets $32M
Inception Date 05/01/03

Holdings

Mastercard 3.31%
Mccormick Md 3.31%
Danaher Corp 3.24%
Adobe 3.09%
Chipotle Mexican Grill 2.38%
Thermo Fisher Scientific 2.34%
First Republic Bank/Ca 2.31%
Everbridge 2.21%
Teladoc Health 2.20%
Vail Resorts 2.20%
Top 10 holdings, total: 26.59%


Top 10 holdings as of 02/29/20
1: Mastercard 3.31%
2: Mccormick Md 3.31%
3: Danaher Corp 3.24%
4: Adobe 3.09%
5: Chipotle Mexican Grill 2.38%
6: Thermo Fisher Scientific 2.34%
7: First Republic Bank/Ca 2.31%
8: Everbridge 2.21%
9: Teladoc Health 2.20%
10: Vail Resorts 2.20%
Holdings represent 26.59% of portfolio
Top 10 holdings as of 01/31/20
1: Mccormick Md 3.51%
2: Mastercard 3.42%
3: Danaher Corp 3.42%
4: Adobe 2.99%
5: Chipotle Mexican Grill 2.53%
6: First Republic Bank/Ca 2.41%
7: Teladoc Health 2.41%
8: Thermo Fisher Scientific 2.39%
9: Vail Resorts 2.30%
10: Godaddy 2.15%
Holdings represent 27.53% of portfolio
Top 10 holdings as of 12/31/19
1: Mccormick Md 3.70%
2: Mastercard 3.53%
3: Danaher Corp 3.31%
4: Chipotle Mexican Grill 3.12%
5: Adobe 2.85%
6: Vail Resorts 2.68%
7: First Republic Bank/Ca 2.59%
8: Thermo Fisher Scientific 2.52%
9: Teladoc Health 2.26%
10: Godaddy 2.21%
Holdings represent 28.77% of portfolio
Top 10 holdings as of 11/30/19
1: Mastercard 3.85%
2: Mccormick Md 3.68%
3: Danaher Corp 3.57%
4: Vail Resorts 3.20%
5: Chipotle Mexican Grill 3.02%
6: Adobe 2.66%
7: Thermo Fisher Scientific 2.43%
8: First Republic Bank/Ca 2.42%
9: Teladoc Health 2.25%
10: Edwards Lifesciences Corp 2.23%
Holdings represent 29.31% of portfolio


Portfolio Composition as of 02/29/20

Common stock 95.30%
Cash and net other assets 4.70%

Portfolio allocations 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. 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.

Top Industry Sectors as of 02/29/20

Information technology 27.28%
Health care 21.17%
Consumer discretionary 12.28%
Industrials 11.74%
Financials 6.86%
Consumer staples 6.32%
Materials 6.31%
Cash and net other assets 4.70%
Utilities 1.53%
 
Other
1.81%
Real estate 1.33%
Communication services 0.48%