Putnam 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 01/31/20

Category: Global Multi-Cap Growth Fds

  Percentile ranking Rank/Funds in category
10 yrs. 65% 11/16
1 yr. 93% 24/25
3 yrs. 85% 21/24
5 yrs. 86% 18/20

Risk Characteristics as of 01/31/20

Alpha (%) -0.98
Beta 1.01
R squared 0.93
Standard deviation (3 yrs.) 11.70

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 01/31/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 76
Turnover (fiscal year end) 53%
Net Assets $210M
Inception Date 05/01/90

Holdings

Nrg Energy 4.10%
Amazon.Com 3.24%
Microsoft Corp 3.12%
Assured Guaranty 2.91%
Nomad Foods 2.54%
Cenovus Energy 2.20%
Union Pacific Corp 2.18%
Asahi Group Holdings 2.05%
Servicenow 1.88%
Enterprise Products Partn 1.83%
Top 10 holdings, total: 26.05%


Top 10 holdings as of 01/31/20
1: Nrg Energy 4.10%
2: Amazon.Com 3.24%
3: Microsoft Corp 3.12%
4: Assured Guaranty 2.91%
5: Nomad Foods 2.54%
6: Cenovus Energy 2.20%
7: Union Pacific Corp 2.18%
8: Asahi Group Holdings 2.05%
9: Servicenow 1.88%
10: Enterprise Products Partn 1.83%
Holdings represent 26.05% of portfolio
Top 10 holdings as of 12/31/19
1: Nrg Energy 4.08%
2: Assured Guaranty 3.09%
3: Amazon.Com 2.98%
4: Microsoft Corp 2.87%
5: Nomad Foods 2.80%
6: Cenovus Energy 2.54%
7: Asahi Group Holdings 2.00%
8: Enterprise Products Partn 1.95%
9: Bank Of America Corp 1.78%
10: Union Pacific Corp 1.74%
Holdings represent 25.83% of portfolio
Top 10 holdings as of 11/30/19
1: Nrg Energy 4.17%
2: Assured Guaranty 3.24%
3: Amazon.Com 2.96%
4: Microsoft Corp 2.85%
5: Nomad Foods 2.72%
6: Unilever Nv 2.44%
7: Asahi Group Holdings 2.18%
8: Cenovus Energy 2.08%
9: Enterprise Products Partn 1.88%
10: Fiserv 1.77%
Holdings represent 26.29% of portfolio
Top 10 holdings as of 10/31/19
1: Nrg Energy 4.28%
2: Assured Guaranty 3.11%
3: Amazon.Com 2.97%
4: Nomad Foods 2.57%
5: Unilever Nv 2.47%
6: Asahi Group Holdings 2.27%
7: Microsoft Corp 2.11%
8: Advance Auto Parts 1.99%
9: Cenovus Energy 1.95%
10: Compass Group 1.89%
Holdings represent 25.61% of portfolio


Portfolio Composition as of 01/31/20

Common stock 97.01%
Cash and net other assets 2.99%

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 01/31/20

Information technology 17.25%
Financials 13.84%
Consumer discretionary 12.51%
Industrials 10.87%
Consumer staples 9.48%
Health care 8.08%
Energy 7.47%
Materials 6.19%
Communication services 6.18%
 
Other
8.13%
Utilities 4.10%
Cash and net other assets 2.99%
Real estate 1.04%

Country Allocation as of 01/31/20

United States 67.14%
United Kingdom 7.87%
Japan 7.56%
Canada 3.12%
Cash and net other assets 2.99%
Switzerland 2.81%
France 2.20%
Ireland 1.95%
Australia 1.42%
 
Other
2.94%
South Korea 1.10%
Taiwan 0.97%
Brazil 0.87%