Putnam Hartford Capital Manager

Putnam Global Equity Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount targets midsize and large industry leaders with consistent earnings growth improvement and the likelihood of positive earnings surprises. The fund managers seek companies in the U.S. and abroad with high rates of growth and dominant market share.

Sales story

Selecting companies around the world that are attractive for investorsEstablished companies: The fund invests in large and midsize companies in the United States and developed international markets to benefit from global opportunities.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads global markets.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.

Management team

Lipper ranking ‡ as of 11/30/17

Category: Global Multi-Cap Core

  Percentile ranking Rank/Funds in category
10 yrs. 43% 6/13
1 yr. 9% 2/24
3 yrs. 67% 16/23
5 yrs. 36% 6/16

Risk Characteristics as of 11/30/17

Alpha (%) -0.62
Beta 0.96
R squared 0.91
Standard deviation (3 yrs.) 10.39

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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.

Quick facts as of 11/30/17

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 107
Turnover (fiscal year end) 54%
Net Assets $172M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 11/30/17

Alphabet 2.85%
Becton Dickinson And 2.08%
Unilever Nv 1.79%
Norfolk Southern Corp 1.72%
Suncor Energy 1.71%
Yamaha Motor 1.63%
Amazon.Com 1.60%
E*Trade Financial Corp 1.58%
Bank Of America Corp 1.52%
Nomad Foods 1.51%
Top 10 holdings, total: 17.99%

Equity Holdings as of 09/30/17

ALPHABET INC-CL C 2.95%
NRG ENERGY INC 2.27%
YAMAHA MOTOR CO LTD 2.08%
BECTON DICKINSON AND CO 1.88%
NORFOLK SOUTHERN CORP 1.74%
UNILEVER NV-CVA 1.70%
SUNCOR ENERGY INC 1.61%
AMAZON.COM INC 1.56%
E*TRADE FINANCIAL CORPORATION 1.51%
BANK OF AMERICA CORP 1.45%
ALIBABA GROUP HOLDING-SP ADR 1.41%
ASSURED GUARANTY LTD 1.41%
MICRON TECHNOLOGY INC 1.37%
DXC TECHNOLOGY CO 1.35%
CF INDUSTRIES HOLDINGS INC 1.33%
PRUDENTIAL PLC 1.32%
RPC GROUP PLC 1.30%
BANCO MACRO SA-ADR 1.26%
BAYER AG-REG 1.26%
FAIRFAX FINANCIAL HLDGS LTD 1.26%
LOWES COMPANIES INC 1.17%
EURAZEO SA 1.15%
EXELON CORP 1.14%
GOODYEAR TIRE & RUBBER CO 1.14%
BOSTON SCIENTIFIC CORP 1.13%
NCSOFT CORP 1.10%
VISA INC-CLASS A SHARES 1.09%
INSTRUCTURE INC 1.08%
ALCOA CORP 1.04%
BRUNSWICK CORP 1.02%
CALPINE CORP 1.02%
KERRY GROUP PLC-A 1.02%
ASSA ABLOY AB-B 1.00%
KENNEDY-WILSON HOLDINGS INC 0.99%
KRAFT HEINZ CO/THE 0.99%
RAYTHEON COMPANY 0.99%
SEVEN GENERATIONS ENERGY - A 0.99%
ASSOCIATED BRITISH FOODS PLC 0.98%
CHALLENGER LTD 0.96%
KYUDENKO CORP 0.96%
NOMAD FOODS LTD 0.96%
CALATLANTIC GROUP INC 0.95%
DIAGEO PLC 0.94%
NINTENDO CO LTD 0.92%
RADIAN GROUP INC 0.92%
LIVE NATION ENTERTAINMENT IN 0.90%
SERVICENOW INC 0.89%
BANK OF IRELAND GROUP PLC 0.88%
COMPASS GROUP PLC 0.88%
DANAHER CORP 0.88%
ROHM CO LTD 0.87%
SAMSUNG ELECTRONICS-PREF 0.87%
HIBERNIA REIT PLC 0.86%
BROADCOM LTD 0.85%
GODADDY INC - CLASS A 0.85%
DALATA HOTEL GROUP PLC 0.84%
PIONEER NAT RES CO 0.84%
CONOCOPHILLIPS 0.82%
REALPAGE INC 0.82%
NEWMONT MINING CORP 0.81%
TECHTRONIC INDUSTRIES CO LTD 0.81%
DENTSPLY SIRONA INC 0.79%
CHUGAI PHARMACEUTICAL CO LTD 0.78%
VERTEX PHARMACEUTICALS INC 0.78%
TELECOM ITALIA-RSP 0.77%
BALL CORP 0.76%
SHERWIN-WILLIAMS CO/THE 0.76%
JOHNSON CONTROLS INTERNATION 0.75%
YOOX NET-A-PORTER GROUP 0.75%
CHUBB LTD 0.74%
PALTAC CORPORATION 0.74%
VODAFONE GROUP PLC-SP ADR 0.73%
ADOBE SYSTEMS INC 0.72%
COMPUGROUP MEDICAL SE 0.72%
JAZZ PHARMACEUTICALS PLC 0.72%
EOG RESOURCES INC 0.69%
HILTON WORLDWIDE HOLDINGS IN 0.69%
MICRO FOCUS INTERNATIONAL 0.69%
MOLSON COORS BREWING CO -B 0.68%
KDDI CORP 0.67%
SERVICE CORP INTERNATIONAL 0.67%
SHISEIDO CO LTD 0.65%
ASTRAZENECA PLC 0.63%
DOWDUPONT INC 0.63%
FORTUNE BRANDS HOME & SECURI 0.63%
MAKEMYTRIP LTD 0.63%
SONY CORP 0.63%
KONINKLIJKE KPN NV 0.62%
UBER TECH INC P/P CV PFD 0.62%
L3 TECHNOLOGIES INC 0.61%
EXPEDIA INC 0.59%
KION GROUP AG 0.58%
REGENERON PHARMACEUTICALS 0.58%
IRB BRASIL RESSEGUROS SA 0.57%
PLAINS ALL AMER PIPELINE LP 0.57%
ATRESMEDIA CORP DE MEDIOS DE 0.56%
WORKPOINT ENTERTAINMENT-FOR 0.54%
MBIA INC 0.51%
SUMMIT MATERIALS INC -CL A 0.50%
SYMRISE AG 0.49%
ALKERMES PLC 0.47%
HARTFORD FINANCIAL SVCS GRP 0.47%
PACIRA PHARMACEUTICALS INC 0.46%
RE/MAX HOLDINGS INC-CL A 0.26%
ZHONGAN ONLINE P&C I 0.05%
GLOBAL FASHION GRP 0.03%
GLOBAL FASHION GRP P/P 0.03%
FABFURNISH GMBH P/P 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%

Full Portfolio Holdings as of 09/30/17

ALPHABET INC-CL C 2.95%
NRG ENERGY INC 2.27%
YAMAHA MOTOR CO LTD 2.08%
BECTON DICKINSON AND CO 1.88%
NORFOLK SOUTHERN CORP 1.74%
UNILEVER NV-CVA 1.70%
SUNCOR ENERGY INC 1.61%
AMAZON.COM INC 1.56%
E*TRADE FINANCIAL CORPORATION 1.51%
BANK OF AMERICA CORP 1.45%
ALIBABA GROUP HOLDING-SP ADR 1.41%
ASSURED GUARANTY LTD 1.41%
MICRON TECHNOLOGY INC 1.37%
DXC TECHNOLOGY CO 1.35%
CF INDUSTRIES HOLDINGS INC 1.33%
PRUDENTIAL PLC 1.32%
RPC GROUP PLC 1.30%
BANCO MACRO SA-ADR 1.26%
BAYER AG-REG 1.26%
FAIRFAX FINANCIAL HLDGS LTD 1.26%
LOWES COMPANIES INC 1.17%
EURAZEO SA 1.15%
EXELON CORP 1.14%
GOODYEAR TIRE & RUBBER CO 1.14%
BOSTON SCIENTIFIC CORP 1.13%
NCSOFT CORP 1.10%
VISA INC-CLASS A SHARES 1.09%
INSTRUCTURE INC 1.08%
ALCOA CORP 1.04%
BRUNSWICK CORP 1.02%
CALPINE CORP 1.02%
KERRY GROUP PLC-A 1.02%
ASSA ABLOY AB-B 1.00%
KENNEDY-WILSON HOLDINGS INC 0.99%
KRAFT HEINZ CO/THE 0.99%
RAYTHEON COMPANY 0.99%
SEVEN GENERATIONS ENERGY - A 0.99%
ASSOCIATED BRITISH FOODS PLC 0.98%
CHALLENGER LTD 0.96%
KYUDENKO CORP 0.96%
NOMAD FOODS LTD 0.96%
CALATLANTIC GROUP INC 0.95%
DIAGEO PLC 0.94%
NINTENDO CO LTD 0.92%
RADIAN GROUP INC 0.92%
LIVE NATION ENTERTAINMENT IN 0.90%
SERVICENOW INC 0.89%
BANK OF IRELAND GROUP PLC 0.88%
COMPASS GROUP PLC 0.88%
DANAHER CORP 0.88%
ROHM CO LTD 0.87%
SAMSUNG ELECTRONICS-PREF 0.87%
HIBERNIA REIT PLC 0.86%
BROADCOM LTD 0.85%
GODADDY INC - CLASS A 0.85%
DALATA HOTEL GROUP PLC 0.84%
PIONEER NAT RES CO 0.84%
CONOCOPHILLIPS 0.82%
REALPAGE INC 0.82%
NEWMONT MINING CORP 0.81%
TECHTRONIC INDUSTRIES CO LTD 0.81%
DENTSPLY SIRONA INC 0.79%
CHUGAI PHARMACEUTICAL CO LTD 0.78%
VERTEX PHARMACEUTICALS INC 0.78%
TELECOM ITALIA-RSP 0.77%
BALL CORP 0.76%
SHERWIN-WILLIAMS CO/THE 0.76%
JOHNSON CONTROLS INTERNATION 0.75%
YOOX NET-A-PORTER GROUP 0.75%
CHUBB LTD 0.74%
PALTAC CORPORATION 0.74%
VODAFONE GROUP PLC-SP ADR 0.73%
ADOBE SYSTEMS INC 0.72%
COMPUGROUP MEDICAL SE 0.72%
JAZZ PHARMACEUTICALS PLC 0.72%
EOG RESOURCES INC 0.69%
HILTON WORLDWIDE HOLDINGS IN 0.69%
MICRO FOCUS INTERNATIONAL 0.69%
MOLSON COORS BREWING CO -B 0.68%
KDDI CORP 0.67%
SERVICE CORP INTERNATIONAL 0.67%
SHISEIDO CO LTD 0.65%
ASTRAZENECA PLC 0.63%
DOWDUPONT INC 0.63%
FORTUNE BRANDS HOME & SECURI 0.63%
MAKEMYTRIP LTD 0.63%
SONY CORP 0.63%
KONINKLIJKE KPN NV 0.62%
UBER TECH INC P/P CV PFD 0.62%
L3 TECHNOLOGIES INC 0.61%
EXPEDIA INC 0.59%
KION GROUP AG 0.58%
REGENERON PHARMACEUTICALS 0.58%
IRB BRASIL RESSEGUROS SA 0.57%
PLAINS ALL AMER PIPELINE LP 0.57%
ATRESMEDIA CORP DE MEDIOS DE 0.56%
WORKPOINT ENTERTAINMENT-FOR 0.54%
MBIA INC 0.51%
SUMMIT MATERIALS INC -CL A 0.50%
SYMRISE AG 0.49%
ALKERMES PLC 0.47%
HARTFORD FINANCIAL SVCS GRP 0.47%
PACIRA PHARMACEUTICALS INC 0.46%
RE/MAX HOLDINGS INC-CL A 0.26%
ZHONGAN ONLINE P&C I 0.05%
CHF/USD 12/20/2017 SSBT 0.03%
GLOBAL FASHION GRP 0.03%
GLOBAL FASHION GRP P/P 0.03%
EUR/USD 12/20/2017 CITI 0.02%
EUR/USD 12/20/2017 GSFX 0.02%
CHF/USD 12/20/2017 UBS 0.01%
DKK/USD 12/20/2017 CITI 0.01%
GBP/USD 12/20/2017 GSFX 0.01%
GBP/USD 12/20/2017 JPMCB 0.01%
JPY/USD 11/15/2017 GSFX 0.01%
AUD/USD 10/18/2017 JPMCB 0.00%
AUD/USD 10/18/2017 SSBT 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 10/18/2017 BANKAM 0.00%
CAD/USD 10/18/2017 GSFX 0.00%
CAD/USD 10/18/2017 JPMCB 0.00%
CAD/USD 10/18/2017 SSBT 0.00%
CAD/USD 10/18/2017 WPAC 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 12/20/2017 JPMCB 0.00%
CNH/USD 11/15/2017 GSFX 0.00%
FABFURNISH GMBH P/P 0.00%
HKD/USD 11/15/2017 BANKAM 0.00%
HKD/USD 11/15/2017 BCAP-FX 0.00%
ILS/USD 10/18/2017 SSBT 0.00%
JPY/USD 11/15/2017 BANKAM 0.00%
JPY/USD 11/15/2017 JPMCB 0.00%
JPY/USD 11/15/2017 SSBT 0.00%
KRW/USD 11/15/2017 JPMCB 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NOK/USD 12/20/2017 JPMCB 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 12/20/2017 JPMCB 0.00%
SGD/USD 11/15/2017 JPMCB 0.00%
EUR/USD 12/20/2017 JPMCB -0.01%
GBP/USD 12/20/2017 BANKAM -0.02%
GBP/USD 12/20/2017 WPAC -0.02%
EUR/USD 12/20/2017 HSBCB -0.04%
THE EURO EUR CALL ACCOUNT -0.13%

Prior top 10 holdings

Top 10 holdings as of 11/30/17
1: Alphabet 2.85%
2: Becton Dickinson And 2.08%
3: Unilever Nv 1.79%
4: Norfolk Southern Corp 1.72%
5: Suncor Energy 1.71%
6: Yamaha Motor 1.63%
7: Amazon.Com 1.60%
8: E*Trade Financial Corp 1.58%
9: Bank Of America Corp 1.52%
10: Nomad Foods 1.51%
Holdings represent 17.99% of portfolio
Top 10 holdings as of 10/31/17
1: Alphabet 3.11%
2: Nrg Energy 2.20%
3: Yamaha Motor 2.04%
4: Becton Dickinson And 1.98%
5: Suncor Energy 1.74%
6: Norfolk Southern Corp 1.71%
7: Unilever Nv 1.66%
8: Amazon.Com 1.58%
9: Bank Of America Corp 1.55%
10: Micron Technology 1.53%
Holdings represent 19.10% of portfolio
Top 10 holdings as of 09/30/17
1: Alphabet 2.95%
2: Nrg Energy 2.27%
3: Yamaha Motor 2.08%
4: Becton Dickinson And 1.88%
5: Norfolk Southern Corp 1.74%
6: Unilever Nv 1.70%
7: Suncor Energy 1.61%
8: Amazon.Com 1.56%
9: E*Trade Financial Corp 1.51%
10: Bank Of America Corp 1.45%
Holdings represent 18.75% of portfolio
Top 10 holdings as of 08/31/17
1: Alphabet 2.95%
2: Nrg Energy 2.25%
3: Yamaha Motor 2.01%
4: Becton Dickinson And 1.95%
5: Unilever Nv 1.74%
6: Amazon.Com 1.62%
7: Norfolk Southern Corp 1.61%
8: Assured Guaranty 1.59%
9: Suncor Energy 1.47%
10: E*Trade Financial Corp 1.45%
Holdings represent 18.64% of portfolio

Portfolio Composition as of 11/30/17

Common stock 95.35%
Cash and net other assets 4.02%
Convertible preferred stock 0.63%

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.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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 11/30/17

Information technology 17.43%
Consumer discretionary 14.86%
Financials 13.63%
Health care 11.25%
Industrials 8.63%
Consumer staples 8.53%
Materials 7.24%
Energy 6.81%
Cash and net other assets 4.02%
 
Other
7.60%
Utilities 3.61%
Telecommunication services 2.13%
Real estate 1.86%

Country Allocation as of 11/30/17

United States 53.46%
Japan 9.37%
United Kingdom 8.18%
Canada 4.58%
Cash and net other assets 4.02%
Ireland 3.38%
Netherlands 3.09%
Germany 2.49%
South Korea 2.18%
 
Other
9.25%
Australia 1.86%
Argentina 1.39%
France 1.07%
China 1.06%
Italy 0.85%
Sweden 0.84%
Brazil 0.59%
Turkey 0.56%
Switzerland 0.50%
Hong Kong 0.48%
Luxembourg 0.05%