‡ 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.
Putnam Allstate Advisor
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 sustainable solutionsImpact companies The subaccount invests in companies we believe have strong fundamentals that offer potential solutions to key sustainability challenges. Active research process A framework grounded in fundamental research and focused on impact-oriented sustainability solutions drives investment decisions. Experienced teamAn experienced, dedicated sustainable investing team is integrated with Putnam's equity research group.
Management team
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Daily pricing as of 01/20/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $54.869011 | $53.332645 |
| Unit Value Change | -0.593734 | -0.577334 |
Lipper ranking ‡ as of 12/31/21
Category: Multi-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 71% | 60/84 |
| 1 yr. | 83% | 77/92 |
| 3 yrs. | 63% | 58/92 |
| 5 yrs. | 95% | 87/91 |
Quick facts as of 12/31/21
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor |
| Subaccount Status | Open to new investors |
| Number of issues | 70 |
| Turnover (fiscal year end) | 50% |
| Net Assets | $43M |
| Inception Date | 05/01/03 |
Performance
Performance as of 12/31/21
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -4.43% | 4.75% | 4.75% | 26.56% | 15.78% | 14.47% | 10.41% |
| Standardized | -12.86% | -4.32% | -4.32% | 22.94% | 12.64% | 12.56% | 8.80% |
| With optional enhanced death benefit | |||||||
| Unit Value | -4.47% | 4.59% | 4.59% | 26.37% | 15.60% | 14.30% | 10.25% |
| Standardized | -12.89% | -4.47% | -4.47% | 22.75% | 12.46% | 12.38% | 8.61% |
| Actual performance | |||||||
| Unit Value | -4.43% | 4.75% | 4.75% | 26.56% | 15.78% | 14.47% | 10.41% |
| Standardized | -12.86% | -4.32% | -4.32% | 22.94% | 12.64% | 12.56% | 8.80% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 14.80% | 40.30% | 9.37% | -5.52% | 11.58% | 9.33% | -6.13% | 28.39% | 50.72% | 4.75% |
| With optional enhanced death benefit | |||||||||
| 14.63% | 40.08% | 9.20% | -5.67% | 11.41% | 9.17% | -6.28% | 28.20% | 50.50% | 4.59% |
Restated performance
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | -2.57% |
| Standardized | -11.13% |
YTD as of 01/19/22 |
|
|---|---|
| Unit Value | -12.71% |
| Standardized | -20.56% |
With optional enhanced death benefit
Monthly as of 12/31/21 |
|
|---|---|
| Unit Value | -2.58% |
| Standardized | -11.14% |
YTD as of 01/19/22 |
|
|---|---|
| Unit Value | -12.71% |
| Standardized | -20.56% |
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 Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., 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 Talcott Resolution 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 Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277.
Risk Characteristics as of 12/31/21
| Alpha (%) | 2.31 |
| Beta | 0.94 |
| R Squared | 0.93 |
| Standard Deviation (3 yrs.) | 19.63 |
Holdings
| Danaher Corp | 3.12% |
| Adobe | 3.07% |
| Edwards Lifesciences Corp | 2.62% |
| Chipotle Mexican Grill | 2.56% |
| Msci | 2.44% |
| Dynatrace | 2.34% |
| First Republic Bank/Ca | 2.32% |
| Zoetis | 2.32% |
| Thermo Fisher Scientific | 2.24% |
| Koninklijke Dsm Nv | 2.17% |
| Top 10 holdings, total: | 25.20% |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Danaher Corp | 3.12% |
| 2: Adobe | 3.07% |
| 3: Edwards Lifesciences Corp | 2.62% |
| 4: Chipotle Mexican Grill | 2.56% |
| 5: Msci | 2.44% |
| 6: Dynatrace | 2.34% |
| 7: First Republic Bank/Ca | 2.32% |
| 8: Zoetis | 2.32% |
| 9: Thermo Fisher Scientific | 2.24% |
| 10: Koninklijke Dsm Nv | 2.17% |
| Holdings represent 25.20% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Adobe | 3.73% |
| 2: Danaher Corp | 2.82% |
| 3: Msci | 2.29% |
| 4: Edwards Lifesciences Corp | 2.27% |
| 5: Dynatrace | 2.26% |
| 6: Chipotle Mexican Grill | 2.22% |
| 7: Lululemon Athletica | 2.17% |
| 8: First Republic Bank/Ca | 2.15% |
| 9: Docusign | 2.04% |
| 10: Thermo Fisher Scientific | 1.95% |
| Holdings represent 23.90% of portfolio | |
| Top 10 holdings as of 10/31/21 | |
|---|---|
| 1: Adobe | 3.27% |
| 2: Danaher Corp | 2.94% |
| 3: Dynatrace | 2.43% |
| 4: Sunrun | 2.38% |
| 5: Edwards Lifesciences Corp | 2.29% |
| 6: Msci | 2.22% |
| 7: Chipotle Mexican Grill | 2.17% |
| 8: Bio-Rad Laboratories | 2.13% |
| 9: Thermo Fisher Scientific | 2.08% |
| 10: Lululemon Athletica | 2.05% |
| Holdings represent 23.96% of portfolio | |
| Top 10 holdings as of 09/30/21 | |
|---|---|
| 1: Danaher Corp | 3.31% |
| 2: Adobe | 3.06% |
| 3: Dynatrace | 2.69% |
| 4: Chipotle Mexican Grill | 2.55% |
| 5: Edwards Lifesciences Corp | 2.28% |
| 6: Thermo Fisher Scientific | 2.26% |
| 7: Msci | 2.14% |
| 8: Bio-Rad Laboratories | 2.11% |
| 9: Docusign | 1.93% |
| 10: Sunrun | 1.92% |
| Holdings represent 24.25% of portfolio | |
| DANAHER CORP SEDOL 2250870 | 3.12% | ADOBE INC SEDOL 2008154 | 3.07% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 2.62% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 2.56% | MSCI INC SEDOL B2972D2 | 2.44% | DYNATRACE INC SEDOL BJV2RD9 | 2.34% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 2.32% | ZOETIS INC SEDOL B95WG16 | 2.32% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.24% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 2.17% | TRIMBLE INC SEDOL 2903958 | 2.11% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 2.09% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 2.08% | AZEK CO INC/THE SEDOL BKPVG43 | 2.01% | COOPER COS INC/THE SEDOL 2222631 | 1.98% | APPLIED MATERIALS INC SEDOL 2046552 | 1.94% | DEXCOM INC SEDOL B0796X4 | 1.93% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.86% | NEXTERA ENERGY INC SEDOL 2328915 | 1.85% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.78% | EURAZEO SE SEDOL 7042395 | 1.73% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.72% | CROWDSTRIKE HOLDINGS INC - A SEDOL BJJP138 | 1.69% | ZEBRA TECHNOLOGIES CORP-CL A SEDOL 2989356 | 1.66% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 1.51% | INGEVITY CORP SEDOL BD4LHG4 | 1.51% | SEAGEN INC SEDOL BLPK4D2 | 1.50% | MESA LABORATORIES INC SEDOL 2553814 | 1.47% | SUNRUN INC SEDOL BYXB1Y8 | 1.47% | DOCUSIGN INC SEDOL BFYT7B7 | 1.44% | ECOLAB INC SEDOL 2304227 | 1.41% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.40% | EXACT SCIENCES CORP SEDOL 2719951 | 1.37% | RESMED INC SEDOL 2732903 | 1.37% | KORN FERRY SEDOL 2386849 | 1.34% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.25% | BILL.COM HOLDINGS INC SEDOL BKDS4H5 | 1.25% | BALL CORP SEDOL 2073022 | 1.23% | FLUENCE ENERGY INC SEDOL BMXC0N9 | 1.22% | MILLERKNOLL INC SEDOL 2594222 | 1.20% | LYFT INC-A SEDOL BJT1RW7 | 1.18% | LIBERTY GLOBAL PLC- C SEDOL B8W67B1 | 1.17% | CERIDIAN HCM HOLDING INC SEDOL BFX1V56 | 1.16% | ON SEMICONDUCTOR SEDOL 2583576 | 1.16% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 1.15% | VAIL RESORTS INC SEDOL 2954194 | 1.07% | BUMBLE INC-A SEDOL BMZ2WT7 | 1.06% | ETSY INC SEDOL BWTN5N1 | 1.06% | ADVANCED DRAINAGE SYSTEMS IN SEDOL BP7RS59 | 1.05% | SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 1.00% | DIVERSEY HOLDINGS LTD SEDOL BNTJ2L3 | 0.98% | HEALTHEQUITY INC SEDOL BP8XZL1 | 0.98% | GOODRX HOLDINGS INC-CLASS A SEDOL BMTVQT8 | 0.92% | MASTERCARD INC - A SEDOL B121557 | 0.91% | WOLFSPEED INC SEDOL BMBVND9 | 0.90% | LIGHTSPEED COMMERCE INC SEDOL BMYZ2B9 | 0.85% | SOARING EAGLE PIPE P/P | 0.82% | BUREAU VERITAS SA SEDOL B28DTJ6 | 0.76% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.74% | TELADOC HEALTH INC SEDOL BYQRFY1 | 0.74% | CHEGG INC SEDOL BG6N6K6 | 0.70% | LAIRD SUPERFOOD INC SEDOL BN2BDY6 | 0.66% | PLANET LABS PBC SEDOL BM8JV32 | 0.59% | GREENLIGHT/ENVI PIPE P/P | 0.58% | THREDUP INC - CLASS A SEDOL BMFPHK2 | 0.55% | SPROUTS FARMERS MARKET INC SEDOL BCGCR79 | 0.51% | WARBY PARKER INC-CLASS A SEDOL BLGZN51 | 0.51% | ZEVIA PBC-A SEDOL BNLYJG0 | 0.29% | ABSCI CORP SEDOL BN94K69 | 0.27% | GINKGO BIOWORKS HOLDINGS INC SEDOL BN6KXF0 | 0.22% | EUR/USD 03/16/2022 UBS | 0.00% | EUR/USD 03/16/2022 JPMCB | -0.00% | EUR/USD 03/16/2022 SSBT | -0.00% | EUR/USD 03/16/2022 BANKAM | -0.00% | GBP/USD 03/16/2022 HSBCB | -0.00% | GBP/USD 03/16/2022 BCAP-FX | -0.01% |
| DANAHER CORP SEDOL 2250870 | 3.31% | ADOBE INC SEDOL 2008154 | 3.06% | DYNATRACE INC SEDOL BJV2RD9 | 2.69% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 2.55% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 2.28% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.26% | MSCI INC SEDOL B2972D2 | 2.14% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 2.11% | DOCUSIGN INC SEDOL BFYT7B7 | 1.93% | SUNRUN INC SEDOL BYXB1Y8 | 1.92% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.92% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.88% | CROWDSTRIKE HOLDINGS INC - A SEDOL BJJP138 | 1.80% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.80% | COOPER COS INC/THE SEDOL 2222631 | 1.78% | TRIMBLE INC SEDOL 2903958 | 1.76% | DEXCOM INC SEDOL B0796X4 | 1.74% | BALL CORP SEDOL 2073022 | 1.72% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.68% | LIGHTSPEED COMMERCE INC SEDOL BMYZ2B9 | 1.66% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.65% | ZOETIS INC SEDOL B95WG16 | 1.63% | SEAGEN INC SEDOL BLPK4D2 | 1.62% | APPLIED MATERIALS INC SEDOL 2046552 | 1.61% | EURAZEO SE SEDOL 7042395 | 1.59% | EVERBRIDGE INC SEDOL BYY5ZB4 | 1.51% | RESMED INC SEDOL 2732903 | 1.48% | EXACT SCIENCES CORP SEDOL 2719951 | 1.48% | NEXTERA ENERGY INC SEDOL 2328915 | 1.42% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 1.42% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.39% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.39% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.38% | GODADDY INC - CLASS A SEDOL BWFRFC6 | 1.35% | TELADOC HEALTH INC SEDOL BYQRFY1 | 1.34% | INGEVITY CORP SEDOL BD4LHG4 | 1.34% | ON SEMICONDUCTOR CORP SEDOL 2583576 | 1.27% | MESA LABORATORIES INC SEDOL 2553814 | 1.19% | LYFT INC-A SEDOL BJT1RW7 | 1.18% | ECOLAB INC SEDOL 2304227 | 1.15% | ZEBRA TECHNOLOGIES CORP-CL A SEDOL 2989356 | 1.15% | HEALTHEQUITY INC SEDOL BP8XZL1 | 1.13% | LIBERTY GLOBAL PLC- C SEDOL B8W67B1 | 1.13% | AZEK CO INC/THE SEDOL BKPVG43 | 1.12% | CERIDIAN HCM HOLDING INC SEDOL BFX1V56 | 1.11% | NOMAD FOODS LTD SEDOL BQFJGK5 | 1.10% | SOARING EAGLE PIPE P/P | 1.09% | INSULET CORP SEDOL B1XGNW4 | 1.09% | CHEGG INC SEDOL BG6N6K6 | 1.08% | GOODRX HOLDINGS INC-CLASS A SEDOL BMTVQT8 | 1.08% | ETSY INC SEDOL BWTN5N1 | 1.07% | HERMAN MILLER INC SEDOL 2594222 | 1.07% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 1.03% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.98% | DIVERSEY HOLDINGS LTD SEDOL BNTJ2L3 | 0.97% | BUMBLE INC-A SEDOL BMZ2WT7 | 0.92% | VAIL RESORTS INC SEDOL 2954194 | 0.92% | MASTERCARD INC - A SEDOL B121557 | 0.83% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 0.82% | NEVRO CORP SEDOL BS7K7C9 | 0.82% | THREDUP INC - CLASS A SEDOL BMFPHK2 | 0.79% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.71% | WOLFSPEED INC SEDOL BMBVND9 | 0.70% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 0.62% | LAIRD SUPERFOOD INC SEDOL BN2BDY6 | 0.62% | GREENLIGHT/ENVI PIPE P/P | 0.56% | WARBY PARKER INC-CLASS A SEDOL BLGZN51 | 0.54% | NUANCE COMMUNICATIONS INC SEDOL 2402121 | 0.54% | HOLOGIC INC SEDOL 2433530 | 0.52% | SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 0.52% | 1STDIBS.COM INC SEDOL BNNTVV2 | 0.51% | ZEVIA PBC-A SEDOL BNLYJG0 | 0.50% | CLIMATE CHANGE CRISI | 0.44% | ATLAS CREST INV PIPE P/P | 0.40% | TREX COMPANY INC SEDOL 2483074 | 0.38% | GINKGO BIOWORKS HOLDINGS INC SEDOL BN6KXF0 | 0.29% | ABSCI CORP SEDOL BN94K69 | 0.27% | REMITLY GLOBAL INC SEDOL BNZJHH8 | 0.11% | EUR/USD 12/15/2021 BANKAM | 0.02% | GBP/USD 12/15/2021 BCAP-FX | 0.01% | GBP/USD 12/15/2021 HSBCB | 0.00% | EUR/USD 12/15/2021 JPMCB | 0.00% | EUR/USD 12/15/2021 SSBT | 0.00% | EUR/USD 12/15/2021 UBS | 0.00% |
Portfolio Composition as of 12/31/21
| Common stock | 98.13% |
| Cash and net other assets | 1.87% |
Consider these risks before investing: The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, technological obsolescence, falling prices and profits, and the market may not favor growth-style investing. Investments in small and midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. The fund's sustainable and environmental, social, and/or corporate governance (ESG) investment strategy may cause the fund to forego otherwise attractive investment opportunities or may increase or decrease the fund’s exposure to certain types of companies and, therefore, to underperform funds that do not invest with a similar focus. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. 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.
Top Industry Sectors as of 12/31/21
| Health care | 27.35% |
|---|---|
| Information technology | 24.36% |
| Industrials | 12.08% |
| Materials | 9.07% |
| Financials | 8.58% |
| Consumer discretionary | 8.54% |
| Consumer staples | 3.32% |
| Communication services | 2.98% |
| Cash and net other assets | 1.87% |
| Other | 1.85% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 7.00% |
| 2 | 7.00% |
| 3 | 6.00% |
| 4 | 5.00% |
| 5 | 4.00% |
| 6 | 3.00% |
| 7 | 2.00% |
| 8+ | 0.00% |