Putnam Hartford Capital Manager

Putnam Multi-Cap Value Subaccount

The subaccount seeks capital appreciation and, as a secondary objective, current income.

  • Highlights
  • Holdings

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.

Management team

Lipper ranking ‡ as of 07/31/17

Category: Multi-Cap Value Funds

  Percentile ranking Rank/Funds in category
10 yrs. 34% 13/38
1 yr. 76% 43/56
3 yrs. 61% 34/55
5 yrs. 44% 23/52

Risk Characteristics as of 07/31/17

Alpha (%) -0.89
Beta 0.92
R squared 0.84
Standard deviation (3 yrs.) 10.52

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.