Putnam Hartford 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 09/30/18

Category: Multi-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 27% 25/94
1 yr. 49% 56/115
3 yrs. 77% 82/106
5 yrs. 71% 71/100

Risk Characteristics as of 09/30/18

Alpha (%) -1.88
Beta 0.90
R squared 0.88
Standard deviation (3 yrs.) 9.38

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 09/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 58
Turnover (fiscal year end) 61%
Net Assets $37M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 09/30/18

Novozymes A/S - B Shares 4.02%
Mccormick Md 3.98%
BD Medical 3.97%
Salesforce.Com 3.78%
Dxc Technology 3.50%
Alphabet 3.27%
Danaher Corp 3.12%
Unilever 3.11%
Everbridge 2.94%
Adobe Systems 2.91%
Top 10 holdings, total: 34.60%

Equity Holdings as of 06/30/18

NOVOZYMES A/S-B SHARES 4.03%
MCCORMICK & CO-NON VTG SHRS 3.90%
BECTON DICKINSON AND CO 3.80%
DXC TECHNOLOGY CO 3.49%
SALESFORCE.COM INC 3.38%
VAIL RESORTS INC 3.33%
UNILEVER PLC 3.27%
ALPHABET INC-CL A 3.19%
FIRST REPUBLIC BANK/CA 2.85%
CHIPOTLE MEXICAN GRILL INC 2.78%
DANAHER CORP 2.72%
WEBSTER FINANCIAL CORP 2.64%
EVERBRIDGE INC 2.60%
FORTIVE CORP 2.55%
PENUMBRA INC 2.55%
JAZZ PHARMACEUTICALS PLC 2.48%
MASTERCARD INC - A 2.23%
ADOBE SYSTEMS INC 2.19%
TELADOC INC 2.15%
DR PEPPER SNAPPLE GROUP INC 2.13%
EDWARDS LIFESCIENCES CORP 2.13%
INSTRUCTURE INC 1.95%
BLACKROCK INC 1.85%
PRUDENTIAL PLC 1.77%
CHR HANSEN HOLDING A/S 1.65%
KION GROUP AG 1.63%
APPLIED MATERIALS INC 1.62%
MSCI INC 1.62%
NEXTERA ENERGY INC 1.62%
BALL CORP 1.50%
ADIDAS AG 1.42%
STITCH FIX INC-CLASS A 1.36%
TJX COMPANIES INC 1.24%
XYLEM INC 1.15%
E*TRADE FINANCIAL CORPORATION 1.11%
VERTEX PHARMACEUTICALS INC 1.09%
NXP SEMICONDUCTORS NV 1.04%
ITRON INC 0.98%
HEALTHEQUITY INC 0.97%
ECOLAB INC 0.91%
ORBOTECH LTD 0.91%
AGILENT TECHNOLOGIES INC 0.90%
ON SEMICONDUCTOR CORP 0.89%
INVESCO LTD 0.85%
NORFOLK SOUTHERN CORP 0.78%
RAYMOND JAMES FINANCIAL INC 0.74%
GENTERA SAB DE CV 0.60%
BANK OF AMERICA CORP 0.53%
EURAZEO SA 0.50%
OWENS CORNING 0.50%
MEDICINES COMPANY 0.48%
GALAPAGOS NV-SPON ADR 0.47%
BLUEBIRD BIO INC 0.43%
CLOVIS ONCOLOGY INC 0.42%
FIRST SOLAR INC 0.39%
NOVOZYMES A/S-UNSPONS ADR 0.39%

Full Portfolio Holdings as of 06/30/18

NOVOZYMES A/S-B SHARES 4.03%
MCCORMICK & CO-NON VTG SHRS 3.90%
BECTON DICKINSON AND CO 3.80%
DXC TECHNOLOGY CO 3.49%
SALESFORCE.COM INC 3.38%
VAIL RESORTS INC 3.33%
UNILEVER PLC 3.27%
ALPHABET INC-CL A 3.19%
FIRST REPUBLIC BANK/CA 2.85%
CHIPOTLE MEXICAN GRILL INC 2.78%
DANAHER CORP 2.72%
WEBSTER FINANCIAL CORP 2.64%
EVERBRIDGE INC 2.60%
FORTIVE CORP 2.55%
PENUMBRA INC 2.55%
JAZZ PHARMACEUTICALS PLC 2.48%
MASTERCARD INC - A 2.23%
ADOBE SYSTEMS INC 2.19%
TELADOC INC 2.15%
DR PEPPER SNAPPLE GROUP INC 2.13%
EDWARDS LIFESCIENCES CORP 2.13%
INSTRUCTURE INC 1.95%
BLACKROCK INC 1.85%
PRUDENTIAL PLC 1.77%
CHR HANSEN HOLDING A/S 1.65%
KION GROUP AG 1.63%
APPLIED MATERIALS INC 1.62%
MSCI INC 1.62%
NEXTERA ENERGY INC 1.62%
BALL CORP 1.50%
ADIDAS AG 1.42%
STITCH FIX INC-CLASS A 1.36%
TJX COMPANIES INC 1.24%
XYLEM INC 1.15%
E*TRADE FINANCIAL CORPORATION 1.11%
VERTEX PHARMACEUTICALS INC 1.09%
NXP SEMICONDUCTORS NV 1.04%
ITRON INC 0.98%
HEALTHEQUITY INC 0.97%
ECOLAB INC 0.91%
ORBOTECH LTD 0.91%
AGILENT TECHNOLOGIES INC 0.90%
ON SEMICONDUCTOR CORP 0.89%
INVESCO LTD 0.85%
NORFOLK SOUTHERN CORP 0.78%
RAYMOND JAMES FINANCIAL INC 0.74%
GENTERA SAB DE CV 0.60%
BANK OF AMERICA CORP 0.53%
EURAZEO SA 0.50%
OWENS CORNING 0.50%
THE EURO EUR CALL ACCOUNT 0.49%
MEDICINES COMPANY 0.48%
GALAPAGOS NV-SPON ADR 0.47%
BLUEBIRD BIO INC 0.43%
CLOVIS ONCOLOGY INC 0.42%
FIRST SOLAR INC 0.39%
NOVOZYMES A/S-UNSPONS ADR 0.39%
MEXICAN PESO CALL ACCOUNT 0.03%
POUND STERLING CALL ACCOUNT 0.00%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Novozymes A/S - B Shares 4.02%
2: Mccormick Md 3.98%
3: BD Medical 3.97%
4: Salesforce.Com 3.78%
5: Dxc Technology 3.50%
6: Alphabet 3.27%
7: Danaher Corp 3.12%
8: Unilever 3.11%
9: Everbridge 2.94%
10: Adobe Systems 2.91%
Holdings represent 34.60% of portfolio
Top 10 holdings as of 08/31/18
1: Novozymes A/S - B Shares 3.97%
2: Becton Dickinson and Co 3.93%
3: Dxc Technology 3.74%
4: Salesforce.Com 3.59%
5: Vail Resorts 3.43%
6: Alphabet 3.30%
7: Unilever 3.18%
8: Everbridge 3.13%
9: Chipotle Mexican Grill 2.90%
10: Adobe Systems 2.81%
Holdings represent 33.98% of portfolio
Top 10 holdings as of 07/31/18
1: Novozymes A/S - B Shares 4.14%
2: Becton Dickinson and Co 3.92%
3: Mccormick Md 3.90%
4: Dxc Technology 3.62%
5: Alphabet 3.42%
6: Salesforce.Com 3.36%
7: Unilever 3.33%
8: Vail Resorts 3.32%
9: First Republic Bank/Ca 2.87%
10: Danaher Corp 2.79%
Holdings represent 34.67% of portfolio
Top 10 holdings as of 06/30/18
1: Novozymes A/S - B Shares 4.54%
2: Mccormick Md 3.90%
3: Becton Dickinson and Co 3.80%
4: Dxc Technology 3.49%
5: Salesforce.Com 3.38%
6: Vail Resorts 3.33%
7: Unilever 3.27%
8: Alphabet 3.19%
9: First Republic Bank/Ca 2.85%
10: Chipotle Mexican Grill 2.78%
Holdings represent 34.53% of portfolio

Portfolio Composition as of 09/30/18

Common stock 95.39%
Cash and net other assets 4.61%

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 09/30/18

Information technology 23.45%
Health care 20.34%
Financials 14.31%
Consumer discretionary 9.36%
Materials 8.98%
Consumer staples 7.76%
Industrials 6.26%
Cash and net other assets 4.61%
Communication services 3.37%
 
Other
1.56%
Utilities 1.56%