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 10/31/20

Category: Global Multi-Cap Growth Fds

  Percentile ranking Rank/Funds in category
10 yrs. 93% 12/12
1 yr. 90% 17/18
3 yrs. 90% 17/18
5 yrs. 89% 15/16

Risk Characteristics as of 10/31/20

Alpha (%) -2.98
Beta 1.08
R squared 0.96
Standard deviation (3 yrs.) 18.47

‡ 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 11/30/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 71
Turnover (fiscal year end) 42%
Net Assets $203M
Inception Date 05/01/90

Holdings

Amazon.Com 5.51%
Nrg Energy 4.70%
Microsoft Corp 4.13%
Nomad Foods 3.01%
Servicenow 2.59%
Assured Guaranty 2.53%
Union Pacific Corp 2.39%
Danaher Corp 2.36%
Sig Combibloc Group Ag 2.27%
Alphabet 2.15%
Top 10 holdings, total: 31.64%


Top 10 holdings as of 10/31/20
1: Amazon.Com 5.51%
2: Nrg Energy 4.70%
3: Microsoft Corp 4.13%
4: Nomad Foods 3.01%
5: Servicenow 2.59%
6: Assured Guaranty 2.53%
7: Union Pacific Corp 2.39%
8: Danaher Corp 2.36%
9: Sig Combibloc Group Ag 2.27%
10: Alphabet 2.15%
Holdings represent 31.64% of portfolio
Top 10 holdings as of 09/30/20
1: Amazon.Com 5.54%
2: Nrg Energy 4.43%
3: Microsoft Corp 4.16%
4: Nomad Foods 3.07%
5: Servicenow 2.93%
6: Union Pacific Corp 2.58%
7: Danaher Corp 2.15%
8: Sig Combibloc Group Ag 2.15%
9: Visa 2.11%
10: Lowe'S Cos 2.05%
Holdings represent 31.17% of portfolio
Top 10 holdings as of 08/31/20
1: Amazon.Com 5.85%
2: Nrg Energy 4.78%
3: Microsoft Corp 4.30%
4: Nomad Foods 2.86%
5: Servicenow 2.81%
6: Union Pacific Corp 2.43%
7: Visa 2.15%
8: Sig Combibloc Group Ag 2.03%
9: Alphabet 2.03%
10: Danaher Corp 1.99%
Holdings represent 31.23% of portfolio
Top 10 holdings as of 07/31/20
1: Amazon.Com 5.57%
2: Nrg Energy 4.79%
3: Microsoft Corp 4.06%
4: Nomad Foods 2.78%
5: Servicenow 2.66%
6: Union Pacific Corp 2.27%
7: Danaher Corp 2.04%
8: Visa 2.01%
9: Nestle 1.97%
10: Alphabet 1.91%
Holdings represent 30.06% of portfolio


Portfolio Composition as of 10/31/20

Common stock 98.69%
Cash and net other assets 1.31%

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. 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. 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 10/31/20

Information technology 21.48%
Health care 12.46%
Industrials 12.11%
Consumer discretionary 10.94%
Consumer staples 10.62%
Financials 8.99%
Materials 8.35%
Communication services 5.59%
Utilities 4.70%
 
Other
4.76%
Energy 2.05%
Real estate 1.40%
Cash and net other assets 1.31%

Country Allocation as of 10/31/20

United States 67.81%
United Kingdom 9.03%
Switzerland 5.35%
Japan 4.18%
Canada 3.45%
Netherlands 2.00%
Australia 1.97%
Ireland 1.61%
France 1.42%
 
Other
3.18%
Cash and net other assets 1.31%
Taiwan 1.11%
China 0.76%