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 03/02/15
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $30.396413 | $29.854551 |
| Unit Value Change | 0.209185 | 0.205088 |
‡ Lipper Ranking as of 01/31/15
Category: Multi-Cap Value
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 25% | 8/32 |
| 1 yr. | 56% | 33/59 |
| 3 yrs. | 20% | 11/56 |
| 5 yrs. | 22% | 12/54 |
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.
Performance as of 12/31/14
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 6.53% | 9.37% | 9.37% | 20.77% | 15.12% | 7.10% | 9.55% |
| Standardized | -2.67% | -0.03% | -0.03% | 16.78% | 12.11% | 4.01% | 7.39% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.49% | 9.20% | 9.20% | 20.59% | 14.95% | 6.94% | 9.38% |
| Standardized | -2.71% | -0.18% | -0.18% | 16.59% | 11.92% | 3.83% | 7.21% |
| Actual performance | |||||||
| Unit Value | 6.53% | 9.37% | 9.37% | 20.77% | 15.12% | 7.10% | 9.55% |
| Standardized | -2.67% | -0.03% | -0.03% | 16.78% | 12.11% | 4.01% | 7.39% |
| 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 | 6.53% | 9.37% | 9.37% | 76.15% | 102.20% | 98.52% | 189.71% |
| Standardized | -2.67% | -0.03% | -0.03% | 59.27% | 77.08% | 48.22% | 129.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | 6.49% | 9.20% | 9.20% | 75.35% | 100.67% | 95.53% | 184.62% |
| Standardized | -2.71% | -0.18% | -0.18% | 58.49% | 75.62% | 45.60% | 125.21% |
| Actual performance | |||||||
| Unit Value | 6.53% | 9.37% | 9.37% | 76.15% | 102.20% | 98.52% | 189.71% |
| Standardized | -2.67% | -0.03% | -0.03% | 59.27% | 77.08% | 48.22% | 129.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| 11.04% | 13.63% | 0.41% | -43.54% | 37.26% | 22.51% | -6.30% | 14.80% | 40.30% | 9.37% |
| With optional enhanced death benefit | |||||||||
| 10.87% | 13.46% | 0.26% | -43.63% | 37.05% | 22.32% | -6.45% | 14.63% | 40.08% | 9.20% |
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.
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.
Top 10 holdings as of 01/31/15
| Actavis | 3.64% |
|
|---|---|---|
| Coca-Cola Enterprises | 3.25% |
|
| Silgan Holdings | 3.12% |
|
| American International Group | 2.07% |
|
| L-3 Communications Holdings, | 2.00% |
|
| Tjx Cos The | 1.95% |
|
| Northrop Grumman Corp | 1.91% |
|
| Snap-On | 1.89% |
|
| Coty | 1.85% |
|
| Jarden Corp | 1.81% |
|
| Top 10 holdings, total: | 23.49% |
|
Equity Holdings as of 12/31/14
| ACTAVIS PLC | 3.37% |
|---|---|
| COCA-COLA ENTERPRISES | 3.27% |
| SILGAN HOLDINGS INC | 3.12% |
| AMERICAN INTERNATIONAL GROUP | 2.28% |
| BEST BUY CO INC | 2.08% |
| L-3 COMMUNICATIONS HLDGS INC | 1.97% |
| TJX COMPANIES INC | 1.94% |
| COTY INC-CL A | 1.92% |
| FIRST REPUBLIC BANK/CA | 1.91% |
| SNAP-ON INC | 1.87% |
| AMETEK INC | 1.84% |
| MICRON TECHNOLOGY INC | 1.83% |
| TYCO INTERNATIONAL PLC | 1.75% |
| HONEYWELL INTERNATIONAL INC | 1.73% |
| JARDEN CORP | 1.73% |
| NORTHROP GRUMMAN CORP | 1.72% |
| SEALED AIR CORP | 1.68% |
| MEDTRONIC INC | 1.60% |
| NORTHSTAR REALTY FINANCE | 1.58% |
| AMERIPRISE FINANCIAL INC | 1.51% |
| WHIRLPOOL CORP | 1.51% |
| ALERE INC | 1.46% |
| HARTFORD FINANCIAL SVCS GRP | 1.44% |
| GENERAL DYNAMICS CORP | 1.39% |
| HARMAN INTERNATIONAL | 1.36% |
| MERIT MEDICAL SYSTEMS INC | 1.26% |
| MEDNAX INC | 1.22% |
| EOG RESOURCES INC | 1.21% |
| COMPUTER SCIENCES CORP | 1.16% |
| ENDO INTERNATIONAL PLC | 1.14% |
| SCHWAB (CHARLES) CORP | 1.10% |
| EDISON INTERNATIONAL | 1.09% |
| AMERICAN AIRLINES GROUP INC | 1.08% |
| PACWEST BANCORP | 1.08% |
| BECTON DICKINSON AND CO | 1.06% |
| ENTERGY CORP | 1.06% |
| PACKAGING CORP OF AMERICA | 1.06% |
| CITY NATIONAL CORP | 1.04% |
| BOSTON SCIENTIFIC CORP | 1.03% |
| KKR & CO LP | 1.03% |
| AMEREN CORPORATION | 1.02% |
| FIDELITY NATIONAL INFORMATIO | 0.97% |
| AXALTA COATING SYSTEMS LTD | 0.95% |
| PALL CORP | 0.94% |
| KELLOGG CO | 0.89% |
| REGIONS FINANCIAL CORP | 0.89% |
| GENESEE & WYOMING INC-CL A | 0.87% |
| P G & E CORP | 0.84% |
| SANDISK CORP | 0.84% |
| UNION PACIFIC CORP | 0.84% |
| BOSTON PROPERTIES INC | 0.83% |
| ZIMMER HOLDINGS INC | 0.80% |
| ESTEE LAUDER COMPANIES-CL A | 0.77% |
| IMPAX LABORATORIES INC | 0.76% |
| JAZZ PHARMACEUTICALS PLC | 0.74% |
| SHERWIN-WILLIAMS CO/THE | 0.74% |
| FIFTH THIRD BANCORP | 0.71% |
| TEVA PHARMACEUTICAL-SP ADR | 0.71% |
| MICHAELS COS INC/THE | 0.69% |
| RE/MAX HOLDINGS INC-CL A | 0.69% |
| WABTEC CORP | 0.69% |
| ALLIANT TECHSYSTEMS INC | 0.66% |
| E*TRADE FINANCIAL CORPORATION | 0.64% |
| EP ENERGY CORP-CL A | 0.59% |
| PRUDENTIAL PLC | 0.58% |
| XL GROUP PLC | 0.58% |
| MYLAN INC | 0.57% |
| MEADWESTVACO CORP | 0.55% |
| AMERICAN CAPITAL AGENCY CORP | 0.54% |
| NETAPP INC | 0.54% |
| LIVE NATION ENTERTAINMENT IN | 0.53% |
| REGAL ENTERTAINMENT GROUP-A | 0.53% |
| CROWN HOLDINGS INC | 0.52% |
| ANIXTER INTERNATIONAL INC | 0.50% |
| GAP INC/THE | 0.50% |
| QEP RESOURCES INC | 0.50% |
| GENWORTH FINANCIAL INC-CL A | 0.49% |
| WEIGHT WATCHERS INTL INC | 0.49% |
| PINNACLE FOODS INC | 0.46% |
| BRUNSWICK CORP | 0.45% |
| EXPRESS INC | 0.45% |
| HEWLETT-PACKARD CO | 0.44% |
| ORASURE TECHNOLOGIES INC | 0.43% |
| NRG ENERGY INC | 0.40% |
| SCORPIO TANKERS INC | 0.40% |
| PENN NATIONAL GAMING INC | 0.36% |
| SYNNEX CORP | 0.36% |
| GARMIN LTD | 0.35% |
| GULFPORT ENERGY CORP | 0.35% |
| QUAKER CHEMICAL CORP | 0.35% |
| OLD NATIONAL BANCORP | 0.33% |
| QLOGIC CORP | 0.33% |
| MAXIM INTEGRATED PRODUCTS | 0.32% |
| SYMANTEC CORP | 0.31% |
| HANESBRANDS INC | 0.29% |
| ITT EDUCATIONAL SERVICES INC | 0.27% |
| GNC HOLDINGS INC-CL A | 0.23% |
| AVON PRODUCTS INC | 0.20% |
| DXP ENTERPRISES INC | 0.20% |
Full Portfolio Holdings as of 12/31/14
| ACTAVIS PLC | 3.37% |
|---|---|
| COCA-COLA ENTERPRISES | 3.27% |
| SILGAN HOLDINGS INC | 3.12% |
| AMERICAN INTERNATIONAL GROUP | 2.28% |
| BEST BUY CO INC | 2.08% |
| L-3 COMMUNICATIONS HLDGS INC | 1.97% |
| TJX COMPANIES INC | 1.94% |
| COTY INC-CL A | 1.92% |
| FIRST REPUBLIC BANK/CA | 1.91% |
| SNAP-ON INC | 1.87% |
| AMETEK INC | 1.84% |
| MICRON TECHNOLOGY INC | 1.83% |
| TYCO INTERNATIONAL PLC | 1.75% |
| HONEYWELL INTERNATIONAL INC | 1.73% |
| JARDEN CORP | 1.73% |
| NORTHROP GRUMMAN CORP | 1.72% |
| SEALED AIR CORP | 1.68% |
| MEDTRONIC INC | 1.60% |
| NORTHSTAR REALTY FINANCE | 1.58% |
| AMERIPRISE FINANCIAL INC | 1.51% |
| WHIRLPOOL CORP | 1.51% |
| ALERE INC | 1.46% |
| HARTFORD FINANCIAL SVCS GRP | 1.44% |
| GENERAL DYNAMICS CORP | 1.39% |
| HARMAN INTERNATIONAL | 1.36% |
| MERIT MEDICAL SYSTEMS INC | 1.26% |
| MEDNAX INC | 1.22% |
| EOG RESOURCES INC | 1.21% |
| COMPUTER SCIENCES CORP | 1.16% |
| ENDO INTERNATIONAL PLC | 1.14% |
| SCHWAB (CHARLES) CORP | 1.10% |
| EDISON INTERNATIONAL | 1.09% |
| AMERICAN AIRLINES GROUP INC | 1.08% |
| PACWEST BANCORP | 1.08% |
| BECTON DICKINSON AND CO | 1.06% |
| ENTERGY CORP | 1.06% |
| PACKAGING CORP OF AMERICA | 1.06% |
| CITY NATIONAL CORP | 1.04% |
| BOSTON SCIENTIFIC CORP | 1.03% |
| KKR & CO LP | 1.03% |
| AMEREN CORPORATION | 1.02% |
| FIDELITY NATIONAL INFORMATIO | 0.97% |
| AXALTA COATING SYSTEMS LTD | 0.95% |
| PALL CORP | 0.94% |
| KELLOGG CO | 0.89% |
| REGIONS FINANCIAL CORP | 0.89% |
| GENESEE & WYOMING INC-CL A | 0.87% |
| P G & E CORP | 0.84% |
| SANDISK CORP | 0.84% |
| UNION PACIFIC CORP | 0.84% |
| BOSTON PROPERTIES INC | 0.83% |
| ZIMMER HOLDINGS INC | 0.80% |
| ESTEE LAUDER COMPANIES-CL A | 0.77% |
| IMPAX LABORATORIES INC | 0.76% |
| JAZZ PHARMACEUTICALS PLC | 0.74% |
| SHERWIN-WILLIAMS CO/THE | 0.74% |
| FIFTH THIRD BANCORP | 0.71% |
| TEVA PHARMACEUTICAL-SP ADR | 0.71% |
| MICHAELS COS INC/THE | 0.69% |
| RE/MAX HOLDINGS INC-CL A | 0.69% |
| WABTEC CORP | 0.69% |
| ALLIANT TECHSYSTEMS INC | 0.66% |
| E*TRADE FINANCIAL CORPORATION | 0.64% |
| EP ENERGY CORP-CL A | 0.59% |
| PRUDENTIAL PLC | 0.58% |
| XL GROUP PLC | 0.58% |
| MYLAN INC | 0.57% |
| MEADWESTVACO CORP | 0.55% |
| AMERICAN CAPITAL AGENCY CORP | 0.54% |
| NETAPP INC | 0.54% |
| LIVE NATION ENTERTAINMENT IN | 0.53% |
| REGAL ENTERTAINMENT GROUP-A | 0.53% |
| CROWN HOLDINGS INC | 0.52% |
| ANIXTER INTERNATIONAL INC | 0.50% |
| GAP INC/THE | 0.50% |
| QEP RESOURCES INC | 0.50% |
| GENWORTH FINANCIAL INC-CL A | 0.49% |
| WEIGHT WATCHERS INTL INC | 0.49% |
| PINNACLE FOODS INC | 0.46% |
| BRUNSWICK CORP | 0.45% |
| EXPRESS INC | 0.45% |
| HEWLETT-PACKARD CO | 0.44% |
| ORASURE TECHNOLOGIES INC | 0.43% |
| NRG ENERGY INC | 0.40% |
| SCORPIO TANKERS INC | 0.40% |
| PENN NATIONAL GAMING INC | 0.36% |
| SYNNEX CORP | 0.36% |
| GARMIN LTD | 0.35% |
| GULFPORT ENERGY CORP | 0.35% |
| QUAKER CHEMICAL CORP | 0.35% |
| OLD NATIONAL BANCORP | 0.33% |
| QLOGIC CORP | 0.33% |
| MAXIM INTEGRATED PRODUCTS | 0.32% |
| SYMANTEC CORP | 0.31% |
| HANESBRANDS INC | 0.29% |
| ITT EDUCATIONAL SERVICES INC | 0.27% |
| GNC HOLDINGS INC-CL A | 0.23% |
| AVON PRODUCTS INC | 0.20% |
| DXP ENTERPRISES INC | 0.20% |
Prior top 10 holdings
| Top 10 holdings as of 01/31/15 | |
|---|---|
| 1: Actavis | 3.64% |
| 2: Coca-Cola Enterprises | 3.25% |
| 3: Silgan Holdings | 3.12% |
| 4: American International Group | 2.07% |
| 5: L-3 Communications Holdings, | 2.00% |
| 6: Tjx Cos The | 1.95% |
| 7: Northrop Grumman Corp | 1.91% |
| 8: Snap-On | 1.89% |
| 9: Coty | 1.85% |
| 10: Jarden Corp | 1.81% |
| Holdings represent 23.49% of portfolio | |
| Top 10 holdings as of 12/31/14 | |
|---|---|
| 1: Actavis | 3.37% |
| 2: Coca-Cola Enterprises | 3.27% |
| 3: Silgan Holdings | 3.12% |
| 4: American International Group | 2.28% |
| 5: Best Buy | 2.08% |
| 6: L-3 Communications Holdings, | 1.97% |
| 7: Tjx Cos The | 1.94% |
| 8: Coty | 1.92% |
| 9: First Republic Bank/Ca | 1.91% |
| 10: Snap-On | 1.87% |
| Holdings represent 23.73% of portfolio | |
| Top 10 holdings as of 11/30/14 | |
|---|---|
| 1: Actavis | 3.54% |
| 2: Coca-Cola Enterprises | 3.25% |
| 3: Silgan Holdings | 2.79% |
| 4: American International Group | 2.22% |
| 5: Best Buy | 2.10% |
| 6: First Republic Bank/Ca | 1.89% |
| 7: Coty | 1.88% |
| 8: Micron Technology | 1.87% |
| 9: Tjx Cos The | 1.87% |
| 10: Snap-On | 1.85% |
| Holdings represent 23.26% of portfolio | |
| Top 10 holdings as of 10/31/14 | |
|---|---|
| 1: Silgan Holdings | 2.88% |
| 2: Actavis | 2.79% |
| 3: Coca-Cola Enterprises | 2.79% |
| 4: American International Group | 2.24% |
| 5: First Republic Bank/Ca | 1.99% |
| 6: Tjx Cos The | 1.91% |
| 7: Best Buy | 1.87% |
| 8: Micron Technology | 1.78% |
| 9: Honeywell International | 1.77% |
| 10: Tyco International | 1.76% |
| Holdings represent 21.78% of portfolio | |
Portfolio Composition as of 01/31/15
| Common stock | 96.05% |
|
|---|---|---|
| Cash and net other assets | 3.95% |
|
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.
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.
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.
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.