‡ 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 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
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Daily pricing as of 07/09/20
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $46.912388 | $45.704347 |
| Unit Value Change | 0.076196 | 0.074046 |
Lipper ranking ‡ as of 05/31/20
Category: Multi-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 84% | 77/91 |
| 1 yr. | 62% | 65/104 |
| 3 yrs. | 64% | 67/104 |
| 5 yrs. | 84% | 87/103 |
Quick facts as of 06/30/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor |
| Subaccount Status | Open to new investors |
| Number of issues | 74 |
| Turnover (fiscal year end) | 57% |
| Net Assets | $35M |
| Inception Date | 05/01/03 |
Performance
Performance as of 06/30/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 33.10% | 11.45% | 17.04% | 12.19% | 8.72% | 12.53% | 9.14% |
| Standardized | 23.10% | 1.91% | 7.10% | 7.68% | 5.15% | 10.68% | 7.39% |
| With optional enhanced death benefit | |||||||
| Unit Value | 33.05% | 11.37% | 16.86% | 12.02% | 8.55% | 12.36% | 8.97% |
| Standardized | 23.05% | 1.83% | 6.94% | 7.50% | 4.97% | 10.49% | 7.20% |
| Actual performance | |||||||
| Unit Value | 33.10% | 11.45% | 17.04% | 12.19% | 8.72% | 12.53% | 9.14% |
| Standardized | 23.10% | 1.91% | 7.10% | 7.68% | 5.15% | 10.68% | 7.39% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| 22.51% | -6.30% | 14.80% | 40.30% | 9.37% | -5.52% | 11.58% | 9.33% | -6.13% | 28.39% |
| With optional enhanced death benefit | |||||||||
| 22.32% | -6.45% | 14.63% | 40.08% | 9.20% | -5.67% | 11.41% | 9.17% | -6.28% | 28.20% |
Restated performance
Monthly as of 06/30/20 |
|
|---|---|
| Unit Value | 4.55% |
| Standardized | -4.51% |
YTD as of 07/09/20 |
|
|---|---|
| Unit Value | 16.57% |
| Standardized | 6.67% |
With optional enhanced death benefit
Monthly as of 06/30/20 |
|
|---|---|
| Unit Value | 4.53% |
| Standardized | -4.52% |
YTD as of 07/09/20 |
|
|---|---|
| Unit Value | 16.48% |
| Standardized | 6.59% |
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 05/31/20
| Alpha (%) | 1.73 |
| Beta | 0.91 |
| R Squared | 0.97 |
| Standard Deviation (3 yrs.) | 18.37 |
Holdings
| Adobe | 3.36% |
| Danaher Corp | 3.26% |
| Thermo Fisher Scientific | 2.86% |
| Chipotle Mexican Grill | 2.35% |
| Godaddy | 2.34% |
| Mccormick Md | 2.26% |
| Dynatrace | 2.22% |
| First Republic Bank/Ca | 2.14% |
| Everbridge | 1.97% |
| Ball Corp | 1.87% |
| Top 10 holdings, total: | 24.63% |
| Top 10 holdings as of 05/31/20 | |
|---|---|
| 1: Adobe | 3.36% |
| 2: Danaher Corp | 3.26% |
| 3: Thermo Fisher Scientific | 2.86% |
| 4: Chipotle Mexican Grill | 2.35% |
| 5: Godaddy | 2.34% |
| 6: Mccormick Md | 2.26% |
| 7: Dynatrace | 2.22% |
| 8: First Republic Bank/Ca | 2.14% |
| 9: Everbridge | 1.97% |
| 10: Ball Corp | 1.87% |
| Holdings represent 24.63% of portfolio | |
| Top 10 holdings as of 04/30/20 | |
|---|---|
| 1: Danaher Corp | 3.55% |
| 2: Adobe | 3.42% |
| 3: Thermo Fisher Scientific | 3.04% |
| 4: Chipotle Mexican Grill | 2.52% |
| 5: Mccormick Md | 2.43% |
| 6: Godaddy | 2.33% |
| 7: First Republic Bank/Ca | 2.29% |
| 8: Nomad Foods | 1.93% |
| 9: Msci | 1.92% |
| 10: Ball Corp | 1.92% |
| Holdings represent 25.35% of portfolio | |
| Top 10 holdings as of 03/31/20 | |
|---|---|
| 1: Danaher Corp | 3.70% |
| 2: Adobe | 3.47% |
| 3: Mastercard | 3.28% |
| 4: Thermo Fisher Scientific | 3.05% |
| 5: Mccormick Md | 2.68% |
| 6: Teladoc Health | 2.61% |
| 7: Everbridge | 2.38% |
| 8: Ball Corp | 2.30% |
| 9: Chipotle Mexican Grill | 2.11% |
| 10: Godaddy | 2.08% |
| Holdings represent 27.66% of portfolio | |
| 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 | |
| DANAHER CORP SEDOL 2250870 | 3.70% | ADOBE INC SEDOL 2008154 | 3.47% | MASTERCARD INC - A SEDOL B121557 | 3.28% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 3.04% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 2.68% | TELADOC HEALTH INC SEDOL BYQRFY1 | 2.61% | EVERBRIDGE INC SEDOL BYY5ZB4 | 2.38% | BALL CORP SEDOL 2073022 | 2.30% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 2.11% | GODADDY INC - CLASS A SEDOL BWFRFC6 | 2.08% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 2.04% | NOMAD FOODS LTD SEDOL BQFJGK5 | 1.96% | NEXTERA ENERGY INC SEDOL 2328915 | 1.93% | MSCI INC SEDOL B2972D2 | 1.91% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.90% | SALESFORCE.COM INC SEDOL 2310525 | 1.86% | VAIL RESORTS INC SEDOL 2954194 | 1.81% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.78% | DYNATRACE INC SEDOL BJV2RD9 | 1.72% | DOCUSIGN INC SEDOL BFYT7B7 | 1.66% | APPLIED MATERIALS INC SEDOL 2046552 | 1.54% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 1.53% | CHEGG INC SEDOL BG6N6K6 | 1.50% | ECOLAB INC SEDOL 2304227 | 1.49% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.48% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.47% | UNITED RENTALS INC SEDOL 2134781 | 1.47% | HERMAN MILLER INC SEDOL 2594222 | 1.47% | SIMPLY GOOD FOODS CO/THE SEDOL BF27XF9 | 1.45% | CLARIVATE ANALYTICS PLC SEDOL BJJN444 | 1.42% | BECTON DICKINSON AND CO SEDOL 2087807 | 1.41% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.37% | FORTIVE CORP SEDOL BYT3MK1 | 1.33% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.32% | RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 1.31% | XYLEM INC SEDOL B3P2CN8 | 1.30% | HEALTHEQUITY INC SEDOL BP8XZL1 | 1.27% | MESA LABORATORIES INC SEDOL 2553814 | 1.26% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.26% | EURAZEO SE SEDOL 7042395 | 1.21% | STITCH FIX INC-CLASS A SEDOL BF3FPW3 | 1.18% | SUNRUN INC SEDOL BYXB1Y8 | 1.16% | TALEND SA - ADR SEDOL BD39HN6 | 1.15% | TRIMBLE INC SEDOL 2903958 | 1.15% | CROWDSTRIKE HOLDINGS INC - A SEDOL BJJP138 | 1.10% | ITRON INC SEDOL 2471949 | 1.09% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.04% | INSULET CORP SEDOL B1XGNW4 | 1.01% | SEATTLE GENETICS INC SEDOL 2738127 | 0.97% | PLANET FITNESS INC - CL A SEDOL BYSFJV8 | 0.93% | ZOETIS INC SEDOL B95WG16 | 0.93% | CREE INC SEDOL 2232351 | 0.92% | CLOROX COMPANY SEDOL 2204026 | 0.86% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 0.79% | LYFT INC-A SEDOL BJT1RW7 | 0.78% | ANAPLAN INC SEDOL BD9PLW5 | 0.78% | TREX COMPANY INC SEDOL 2483074 | 0.71% | CHR HANSEN HOLDING A/S SEDOL B573M11 | 0.69% | LIVONGO HEALTH INC SEDOL BK74NR2 | 0.64% | INTERFACE INC SEDOL B86V808 | 0.61% | UNILEVER PLC SEDOL B10RZP7 | 0.60% | HOLOGIC INC SEDOL 2433530 | 0.58% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 0.56% | FIRST SOLAR INC SEDOL B1HMF22 | 0.54% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.46% | ELASTIC NV SEDOL BFXCLC6 | 0.42% | WW INTERNATIONAL INC SEDOL BK71LY6 | 0.42% | RESMED INC SEDOL 2732903 | 0.34% | BLACKROCK INC SEDOL 2494504 | 0.32% | 1LIFE HEALTHCARE INC SEDOL BKMG1N5 | 0.22% | ADIDAS AG SEDOL 4031976 | 0.19% | GBP/USD 06/17/2020 BCAP-FX | 0.04% | EUR/USD 06/17/2020 BANKAM | 0.01% | EUR/USD 06/17/2020 SSBT | 0.01% | EUR/USD 06/17/2020 JPMCB | 0.00% | EUR/USD 06/17/2020 UBS | 0.00% |
| MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 3.70% | MASTERCARD INC - A SEDOL B121557 | 3.53% | DANAHER CORP SEDOL 2250870 | 3.31% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 3.12% | ADOBE INC SEDOL 2008154 | 2.85% | VAIL RESORTS INC SEDOL 2954194 | 2.68% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 2.59% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.52% | TELADOC HEALTH INC SEDOL BYQRFY1 | 2.26% | GODADDY INC - CLASS A SEDOL BWFRFC6 | 2.21% | BECTON DICKINSON AND CO SEDOL 2087807 | 2.10% | BLACKROCK INC SEDOL 2494504 | 2.06% | ON SEMICONDUCTOR CORP SEDOL 2583576 | 2.02% | ADIDAS AG SEDOL 4031976 | 1.95% | NOMAD FOODS LTD SEDOL BQFJGK5 | 1.88% | BALL CORP SEDOL 2073022 | 1.85% | EVERBRIDGE INC SEDOL BYY5ZB4 | 1.78% | HEALTHEQUITY INC SEDOL BP8XZL1 | 1.77% | SUNRUN INC SEDOL BYXB1Y8 | 1.72% | NEXTERA ENERGY INC SEDOL 2328915 | 1.69% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.66% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.65% | MSCI INC SEDOL B2972D2 | 1.64% | TALEND SA - ADR SEDOL BD39HN6 | 1.62% | EURAZEO SE SEDOL 7042395 | 1.47% | PLANET FITNESS INC - CL A SEDOL BYSFJV8 | 1.47% | SALESFORCE.COM INC SEDOL 2310525 | 1.46% | UNITED RENTALS INC SEDOL 2134781 | 1.45% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.44% | STITCH FIX INC-CLASS A SEDOL BF3FPW3 | 1.42% | PVH CORP SEDOL B3V9F12 | 1.42% | TREX COMPANY INC SEDOL 2483074 | 1.34% | CREE INC SEDOL 2232351 | 1.34% | BIO-RAD LABORATORIES-A SEDOL 2098508 | 1.31% | CHEGG INC SEDOL BG6N6K6 | 1.28% | LULULEMON ATHLETICA INC SEDOL B23FN39 | 1.24% | SIMPLY GOOD FOODS CO/THE SEDOL BF27XF9 | 1.21% | FIRST SOLAR INC SEDOL B1HMF22 | 1.17% | IDEXX LABORATORIES INC SEDOL 2459202 | 1.17% | APPLIED MATERIALS INC SEDOL 2046552 | 1.17% | LYFT INC-A SEDOL BJT1RW7 | 1.16% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.09% | DOCUSIGN INC SEDOL BFYT7B7 | 1.07% | DYNATRACE INC SEDOL BJV2RD9 | 1.07% | WEBSTER FINANCIAL CORP SEDOL 2945143 | 1.02% | XYLEM INC SEDOL B3P2CN8 | 0.97% | HANNON ARMSTRONG SUSTAINABLE SEDOL B9HHD96 | 0.97% | INTERFACE INC SEDOL B86V808 | 0.94% | MESA LABORATORIES INC SEDOL 2553814 | 0.91% | FORTIVE CORP SEDOL BYT3MK1 | 0.91% | UNILEVER PLC SEDOL B10RZP7 | 0.87% | ECOLAB INC SEDOL 2304227 | 0.83% | EDWARDS LIFESCIENCES CORP SEDOL 2567116 | 0.78% | ZOETIS INC SEDOL B95WG16 | 0.76% | HERMAN MILLER INC SEDOL 2594222 | 0.74% | TRIMBLE INC SEDOL 2903958 | 0.72% | HOLOGIC INC SEDOL 2433530 | 0.69% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 0.67% | SEATTLE GENETICS INC SEDOL 2738127 | 0.62% | CHR HANSEN HOLDING A/S SEDOL B573M11 | 0.59% | TIVITY HEALTH INC SEDOL BD8Q1B8 | 0.54% | ITRON INC SEDOL 2471949 | 0.54% | WW INTERNATIONAL INC SEDOL BK71LY6 | 0.50% | INSULET CORP SEDOL B1XGNW4 | 0.49% | LIVONGO HEALTH INC SEDOL BK74NR2 | 0.46% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 0.46% | PINTEREST INC- CLASS A SEDOL BJ2Z0H2 | 0.44% | BLUEBIRD BIO INC SEDOL BBFL7S1 | 0.16% | EUR/USD 03/18/2020 SSBT | -0.00% | EUR/USD 03/18/2020 UBS | -0.00% | EUR/USD 03/18/2020 JPMCB | -0.00% | EUR/USD 03/18/2020 BANKAM | -0.01% | GBP/USD 03/18/2020 BCAP-FX | -0.02% |
Portfolio Composition as of 05/31/20
| Common stock | 93.08% |
| Cash and net other assets | 4.42% |
| Convertible preferred stock | 2.50% |
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 05/31/20
| Information technology | 28.75% |
|---|---|
| Health care | 23.67% |
| Industrials | 10.83% |
| Consumer discretionary | 10.34% |
| Financials | 6.64% |
| Materials | 6.31% |
| Consumer staples | 6.00% |
| Cash and net other assets | 4.42% |
| Utilities | 1.64% |
| Other | 1.40% |
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% |