Putnam Allstate Advisor
Putnam Multi-Cap Value Subaccount
The subaccount seeks capital appreciation and, as a secondary objective, current income.
- Highlights
- Performance
- Holdings
- Expenses
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.
Daily pricing as of 05/26/17
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $31.267613 | $30.606208 |
| Unit Value Change | 0.053721 | 0.052458 |
Lipper ranking ‡ as of 04/30/17
Category: Multi-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 36% | 14/38 |
| 1 yr. | 77% | 43/55 |
| 3 yrs. | 63% | 35/55 |
| 5 yrs. | 50% | 26/52 |
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.
Performance as of 03/31/17
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 3.23% | 3.23% | 12.94% | 5.04% | 10.83% | 4.98% | 8.60% |
| Standardized | -5.73% | -5.73% | 3.30% | 0.29% | 7.82% | 1.25% | 6.61% |
| With optional enhanced death benefit | |||||||
| Unit Value | 3.19% | 3.19% | 12.77% | 4.88% | 10.66% | 4.82% | 8.44% |
| Standardized | -5.77% | -5.77% | 3.14% | 0.13% | 7.64% | 1.06% | 6.43% |
| Actual performance | |||||||
| Unit Value | 3.23% | 3.23% | 12.94% | 5.04% | 10.83% | 4.98% | 8.60% |
| Standardized | -5.73% | -5.73% | 3.30% | 0.29% | 7.82% | 1.25% | 6.61% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 3.23% | 3.23% | 12.94% | 15.89% | 67.19% | 62.64% | 215.29% |
| Standardized | -5.73% | -5.73% | 3.30% | 0.88% | 45.73% | 13.18% | 143.81% |
| With optional enhanced death benefit | |||||||
| Unit Value | 3.19% | 3.19% | 12.77% | 15.36% | 65.92% | 60.19% | 208.69% |
| Standardized | -5.77% | -5.77% | 3.14% | 0.40% | 44.52% | 11.13% | 138.01% |
| Actual performance | |||||||
| Unit Value | 3.23% | 3.23% | 12.94% | 15.89% | 67.19% | 62.64% | 215.29% |
| Standardized | -5.73% | -5.73% | 3.30% | 0.88% | 45.73% | 13.18% | 143.81% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 0.41% | -43.54% | 37.26% | 22.51% | -6.30% | 14.80% | 40.30% | 9.37% | -5.52% | 11.58% |
| With optional enhanced death benefit | |||||||||
| 0.26% | -43.63% | 37.05% | 22.32% | -6.45% | 14.63% | 40.08% | 9.20% | -5.67% | 11.41% |
Restated performance
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With optional enhanced death benefit
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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 Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, 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 Hartford 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 Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.
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.
Top 10 holdings as of 04/30/17
| Allergan | 4.07% |
|
|---|---|---|
| Union Pacific Corp | 3.50% |
|
| Jazz Pharmaceuticals | 3.36% |
|
| Snap-On | 3.13% |
|
| Dxc Technology | 2.99% |
|
| First Republic Bank/Ca | 2.66% |
|
| Ametek | 2.55% |
|
| Pacwest Bancorp | 2.44% |
|
| Ball Corp | 2.41% |
|
| Mallinckrodt | 2.21% |
|
| Top 10 holdings, total: | 29.32% |
|
Equity Holdings as of 03/31/17
| UNION PACIFIC CORP | 3.38% |
|---|---|
| BANK OF AMERICA CORP | 3.36% |
| SNAP-ON INC | 3.24% |
| FIRST REPUBLIC BANK/CA | 2.79% |
| ALLERGAN PLC | 2.64% |
| PACWEST BANCORP | 2.63% |
| AMETEK INC | 2.49% |
| BALL CORP | 2.39% |
| NRG ENERGY INC | 2.22% |
| COMPUTER SCIENCES CORP | 2.21% |
| KEYCORP | 2.10% |
| MALLINCKRODT PLC | 2.03% |
| SEALED AIR CORP | 2.03% |
| AGILENT TECHNOLOGIES INC | 2.01% |
| JAZZ PHARMACEUTICALS PLC | 1.92% |
| AMERICAN INTERNATIONAL GROUP | 1.90% |
| BOSTON SCIENTIFIC CORP | 1.87% |
| GENESEE & WYOMING INC-CL A | 1.69% |
| FIDELITY NATIONAL INFO SERV | 1.66% |
| CR BARD INC | 1.63% |
| EXELON CORP | 1.63% |
| EOG RESOURCES INC | 1.59% |
| HARRIS CORP | 1.59% |
| REGIONS FINANCIAL CORP | 1.59% |
| NORTHROP GRUMMAN CORP | 1.58% |
| TJX COMPANIES INC | 1.57% |
| E*TRADE FINANCIAL CORPORATION | 1.48% |
| CHUBB LTD | 1.47% |
| JM SMUCKER CO/THE | 1.44% |
| ALLERGAN PLC 05.5000 CV PFD | 1.39% |
| HANESBRANDS INC | 1.36% |
| JOHNSON CONTROLS INTERNATION | 1.32% |
| OLIN CORP | 1.22% |
| WESTERN DIGITAL CORP | 1.17% |
| BECTON DICKINSON AND CO | 1.06% |
| W.R. GRACE & CO | 1.06% |
| ARAMARK | 1.05% |
| MARATHON OIL CORP | 1.05% |
| AMEREN CORPORATION | 1.02% |
| EDISON INTERNATIONAL | 1.02% |
| HARTFORD FINANCIAL SVCS GRP | 1.02% |
| CELANESE CORP-SERIES A | 0.99% |
| ANADARKO PETROLEUM CORP | 0.93% |
| WYNN RESORTS LTD | 0.93% |
| ENCANA CORP | 0.92% |
| APACHE CORP | 0.91% |
| XEROX CORP | 0.90% |
| BRUNSWICK CORP | 0.89% |
| EQUITY RESIDENTIAL TR REIT | 0.87% |
| HCP INC | 0.85% |
| LAM RESEARCH CORP | 0.83% |
| AVON PRODUCTS INC | 0.82% |
| HANOVER INSURANCE GROUP INC/ | 0.82% |
| PENN NATIONAL GAMING INC | 0.82% |
| GRAPHIC PACKAGING HOLDING CO | 0.78% |
| L3 TECHNOLOGIES INC | 0.77% |
| PINNACLE FOODS INC | 0.75% |
| WEATHERFORD INTERNATIONAL PL | 0.73% |
| CLIFFS NATURAL RESOURCES INC | 0.71% |
| OLD NATIONAL BANCORP | 0.71% |
| HALLIBURTON CO | 0.70% |
| UNIVERSAL HEALTH SERVICES-B | 0.69% |
| HOST HOTELS & RESORTS INC | 0.67% |
| RLI CORP | 0.67% |
| BANKUNITED INC | 0.66% |
| WABTEC CORP | 0.66% |
| RE/MAX HOLDINGS INC-CL A | 0.61% |
| CAPITAL BANK FINANCIAL-CL A | 0.59% |
| GAP INC/THE | 0.59% |
| META FINANCIAL GROUP INC | 0.57% |
| EDGEWELL PERSONAL CARE CO | 0.53% |
| QEP RESOURCES INC | 0.48% |
| ASSURED GUARANTY LTD | 0.47% |
| PERRIGO CO PLC | 0.43% |
| CF INDUSTRIES HOLDINGS INC | 0.33% |
| UNITED STATES STEEL CORP | 0.32% |
Full Portfolio Holdings as of 03/31/17
| UNION PACIFIC CORP | 3.38% |
|---|---|
| BANK OF AMERICA CORP | 3.36% |
| SNAP-ON INC | 3.24% |
| FIRST REPUBLIC BANK/CA | 2.79% |
| ALLERGAN PLC | 2.64% |
| PACWEST BANCORP | 2.63% |
| AMETEK INC | 2.49% |
| BALL CORP | 2.39% |
| NRG ENERGY INC | 2.22% |
| COMPUTER SCIENCES CORP | 2.21% |
| KEYCORP | 2.10% |
| MALLINCKRODT PLC | 2.03% |
| SEALED AIR CORP | 2.03% |
| AGILENT TECHNOLOGIES INC | 2.01% |
| JAZZ PHARMACEUTICALS PLC | 1.92% |
| AMERICAN INTERNATIONAL GROUP | 1.90% |
| BOSTON SCIENTIFIC CORP | 1.87% |
| GENESEE & WYOMING INC-CL A | 1.69% |
| FIDELITY NATIONAL INFO SERV | 1.66% |
| CR BARD INC | 1.63% |
| EXELON CORP | 1.63% |
| EOG RESOURCES INC | 1.59% |
| HARRIS CORP | 1.59% |
| REGIONS FINANCIAL CORP | 1.59% |
| NORTHROP GRUMMAN CORP | 1.58% |
| TJX COMPANIES INC | 1.57% |
| E*TRADE FINANCIAL CORPORATION | 1.48% |
| CHUBB LTD | 1.47% |
| JM SMUCKER CO/THE | 1.44% |
| ALLERGAN PLC 05.5000 CV PFD | 1.39% |
| HANESBRANDS INC | 1.36% |
| JOHNSON CONTROLS INTERNATION | 1.32% |
| OLIN CORP | 1.22% |
| WESTERN DIGITAL CORP | 1.17% |
| BECTON DICKINSON AND CO | 1.06% |
| W.R. GRACE & CO | 1.06% |
| ARAMARK | 1.05% |
| MARATHON OIL CORP | 1.05% |
| AMEREN CORPORATION | 1.02% |
| EDISON INTERNATIONAL | 1.02% |
| HARTFORD FINANCIAL SVCS GRP | 1.02% |
| CELANESE CORP-SERIES A | 0.99% |
| ANADARKO PETROLEUM CORP | 0.93% |
| WYNN RESORTS LTD | 0.93% |
| ENCANA CORP | 0.92% |
| APACHE CORP | 0.91% |
| XEROX CORP | 0.90% |
| BRUNSWICK CORP | 0.89% |
| EQUITY RESIDENTIAL TR REIT | 0.87% |
| HCP INC | 0.85% |
| LAM RESEARCH CORP | 0.83% |
| AVON PRODUCTS INC | 0.82% |
| HANOVER INSURANCE GROUP INC/ | 0.82% |
| PENN NATIONAL GAMING INC | 0.82% |
| GRAPHIC PACKAGING HOLDING CO | 0.78% |
| L3 TECHNOLOGIES INC | 0.77% |
| PINNACLE FOODS INC | 0.75% |
| WEATHERFORD INTERNATIONAL PL | 0.73% |
| CLIFFS NATURAL RESOURCES INC | 0.71% |
| OLD NATIONAL BANCORP | 0.71% |
| HALLIBURTON CO | 0.70% |
| UNIVERSAL HEALTH SERVICES-B | 0.69% |
| HOST HOTELS & RESORTS INC | 0.67% |
| RLI CORP | 0.67% |
| BANKUNITED INC | 0.66% |
| WABTEC CORP | 0.66% |
| RE/MAX HOLDINGS INC-CL A | 0.61% |
| CAPITAL BANK FINANCIAL-CL A | 0.59% |
| GAP INC/THE | 0.59% |
| META FINANCIAL GROUP INC | 0.57% |
| EDGEWELL PERSONAL CARE CO | 0.53% |
| QEP RESOURCES INC | 0.48% |
| ASSURED GUARANTY LTD | 0.47% |
| PERRIGO CO PLC | 0.43% |
| CF INDUSTRIES HOLDINGS INC | 0.33% |
| UNITED STATES STEEL CORP | 0.32% |
Prior top 10 holdings
| Top 10 holdings as of 04/30/17 | |
|---|---|
| 1: Allergan | 4.07% |
| 2: Union Pacific Corp | 3.50% |
| 3: Jazz Pharmaceuticals | 3.36% |
| 4: Snap-On | 3.13% |
| 5: Dxc Technology | 2.99% |
| 6: First Republic Bank/Ca | 2.66% |
| 7: Ametek | 2.55% |
| 8: Pacwest Bancorp | 2.44% |
| 9: Ball Corp | 2.41% |
| 10: Mallinckrodt | 2.21% |
| Holdings represent 29.32% of portfolio | |
| Top 10 holdings as of 03/31/17 | |
|---|---|
| 1: Allergan | 4.02% |
| 2: Union Pacific Corp | 3.38% |
| 3: Bank Of America Corp | 3.36% |
| 4: Snap-On | 3.24% |
| 5: First Republic Bank/Ca | 2.79% |
| 6: Pacwest Bancorp | 2.63% |
| 7: Ametek | 2.49% |
| 8: Ball Corp | 2.39% |
| 9: Nrg Energy | 2.22% |
| 10: Computer Sciences Corp | 2.21% |
| Holdings represent 28.73% of portfolio | |
| Top 10 holdings as of 02/28/17 | |
|---|---|
| 1: Allergan | 4.00% |
| 2: Bank Of America Corp | 3.43% |
| 3: Union Pacific Corp | 3.36% |
| 4: Snap-On | 3.18% |
| 5: First Republic Bank/Ca | 2.72% |
| 6: Pacwest Bancorp | 2.66% |
| 7: Ametek | 2.42% |
| 8: Ball Corp | 2.30% |
| 9: Keycorp | 2.16% |
| 10: Sealed Air Corp | 2.11% |
| Holdings represent 28.34% of portfolio | |
| Top 10 holdings as of 01/31/17 | |
|---|---|
| 1: Allergan | 3.64% |
| 2: Union Pacific Corp | 3.51% |
| 3: Snap-On | 3.43% |
| 4: Bank Of America Corp | 3.17% |
| 5: EOG Resources | 2.92% |
| 6: First Republic Bank/Ca | 2.76% |
| 7: Pacwest Bancorp | 2.69% |
| 8: Ball Corp | 2.41% |
| 9: Ametek | 2.31% |
| 10: Sealed Air Corp | 2.22% |
| Holdings represent 29.06% of portfolio | |
Portfolio Composition as of 04/30/17
| Common stock | 95.09% |
|
|---|---|---|
| Cash and net other assets | 3.48% |
|
| Convertible preferred stock | 1.43% |
|
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.
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
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.