Putnam Hartford Capital Manager
Putnam Multi-Cap Value Subaccount
The subaccount seeks capital appreciation and, as a secondary objective, current income.
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
Pursuing capital appreciation through undervalued companies Flexibility: The fund's portfolio manager can invest in companies of all sizes.A value strategy: The fund targets companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.A rigorous process: Supported by a strong research team, the fund's manager uses his stock-picking expertise and multiple resources to identify opportunities and manage risk.
‡ Lipper Ranking as of 01/31/14
Category: Multi-Cap Value-PCM
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 28% | 8/28 |
| 1 yr. | 12% | 6/53 |
| 3 yrs. | 23% | 12/53 |
| 5 yrs. | 26% | 13/50 |
Risk Characteristics as of 01/31/14
| Alpha (%) | -0.05 |
|---|---|
| Beta | 1.09 |
| R Squared | 0.92 |
| Standard Deviation (3 yrs.) | 15.06 |
Quick Facts as of 02/28/14
| Fiscal Year End | December |
|---|---|
| Asset Class | Putnam Hartford Capital Manager |
| Subaccount Status | Open to new investors |
| Number of Issues | 100 |
| Turnover (fiscal year end) | 85% |
| Net Assets | $45M |
| Inception Date | 05/01/03 |
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.
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.