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 03/31/18

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. 59% 10/16

Risk Characteristics as of 03/31/18

Alpha (%) -0.86
Beta 0.95
R squared 0.90
Standard deviation (3 yrs.) 10.45

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 03/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 105
Turnover (fiscal year end) 75%
Net Assets $168M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 03/31/18

Nrg Energy 3.31%
Unilever Nv 2.54%
Alphabet 2.42%
BD Medical 1.86%
Boston Scientific Corp 1.78%
Norfolk Southern Corp 1.76%
Amazon.Com 1.68%
E*Trade Financial Corp 1.68%
Suncor Energy 1.61%
Bank Of America Corp 1.52%
Top 10 holdings, total: 20.16%

Equity Holdings as of 12/31/17

ALPHABET INC-CL C 2.91%
UNILEVER NV-CVA 2.17%
NORFOLK SOUTHERN CORP 1.99%
BECTON DICKINSON AND CO 1.95%
SUNCOR ENERGY INC 1.80%
NRG ENERGY INC 1.78%
BOSTON SCIENTIFIC CORP 1.67%
E*TRADE FINANCIAL CORPORATION 1.62%
AMAZON.COM INC 1.59%
BANK OF AMERICA CORP 1.59%
NOMAD FOODS LTD 1.55%
DXC TECHNOLOGY CO 1.41%
YAMAHA MOTOR CO LTD 1.40%
LOWES COMPANIES INC 1.29%
CF INDUSTRIES HOLDINGS INC 1.26%
BAYER AG-REG 1.24%
FAIRFAX FINANCIAL HLDGS LTD 1.23%
ASSURED GUARANTY LTD 1.20%
ALCOA CORP 1.17%
DENTSPLY SIRONA INC 1.17%
SAMSUNG ELECTRONICS CO LTD 1.16%
PIONEER NAT RES CO 1.15%
EXELON CORP 1.13%
KYUDENKO CORP 1.13%
RPC GROUP PLC 1.13%
SEVEN GENERATIONS ENERGY - A 1.13%
EURAZEO SA 1.12%
VISA INC-CLASS A SHARES 1.12%
CALATLANTIC GROUP INC 1.11%
BANK OF IRELAND GROUP PLC 1.10%
NCSOFT CORP 1.06%
ROHM CO LTD 1.06%
COMPASS GROUP PLC 1.04%
PRUDENTIAL PLC 1.04%
ALIBABA GROUP HOLDING-SP ADR 1.03%
KINDER MORGAN INC 1.03%
KRAFT HEINZ CO/THE 1.03%
INSTRUCTURE INC 1.02%
CHALLENGER LTD 1.01%
DIAGEO PLC 0.99%
PIRELLI & C SPA 0.99%
KENNEDY-WILSON HOLDINGS INC 0.98%
MOLSON COORS BREWING CO -B 0.98%
TECHTRONIC INDUSTRIES CO LTD 0.98%
EATON CORP PLC 0.97%
ILUKA RESOURCES LTD 0.97%
VODAFONE GROUP PLC-SP ADR 0.97%
RADIAN GROUP INC 0.96%
BRUNSWICK CORP 0.95%
RAYTHEON COMPANY 0.95%
REALPAGE INC 0.95%
SHISEIDO CO LTD 0.95%
SERVICENOW INC 0.94%
GODADDY INC - CLASS A 0.93%
DALATA HOTEL GROUP PLC 0.92%
DANAHER CORP 0.90%
MICRO FOCUS INTERNATIONAL 0.89%
SUMMIT MATERIALS INC -CL A 0.89%
GRUPO FINANCIERO GALICIA-ADR 0.87%
JOHNSON CONTROLS INTERNATION 0.87%
ASSA ABLOY AB-B 0.86%
HIBERNIA REIT PLC 0.86%
CONOCOPHILLIPS 0.85%
LIVE NATION ENTERTAINMENT IN 0.83%
SHERWIN-WILLIAMS CO/THE 0.83%
PALTAC CORPORATION 0.82%
CHUBB LTD 0.80%
UNIVERSAL ENTERTAINMENT CORP 0.79%
ASSOCIATED BRITISH FOODS PLC 0.78%
KERRY GROUP PLC-A 0.78%
CENOVUS ENERGY INC 0.77%
BALL CORP 0.76%
COMPUGROUP MEDICAL SE 0.76%
HILTON WORLDWIDE HOLDINGS IN 0.76%
EOG RESOURCES INC 0.72%
SONY CORP 0.72%
LOMA NEGRA CIA IND-SPON ADR 0.70%
ING GROEP NV-CVA 0.69%
IRB BRASIL RESSEGUROS SA 0.69%
KION GROUP AG 0.69%
O'REILLY AUTOMOTIVE INC 0.68%
NINTENDO CO LTD 0.65%
ADOBE SYSTEMS INC 0.64%
VERTEX PHARMACEUTICALS INC 0.64%
CHUGAI PHARMACEUTICAL CO LTD 0.63%
SCREEN HOLDINGS CO LTD 0.63%
JAZZ PHARMACEUTICALS PLC 0.62%
DOWDUPONT INC 0.61%
L3 TECHNOLOGIES INC 0.61%
FORTUNE BRANDS HOME & SECURI 0.60%
KONINKLIJKE KPN NV 0.60%
UBER TECH INC P/P CV PFD 0.54%
PACIRA PHARMACEUTICALS INC 0.53%
ALKERMES PLC 0.49%
NOVARTIS AG-REG 0.49%
ASTRAZENECA PLC 0.48%
FACEBOOK INC-A 0.47%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
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 12/31/17

ALPHABET INC-CL C 2.91%
UNILEVER NV-CVA 2.17%
NORFOLK SOUTHERN CORP 1.99%
BECTON DICKINSON AND CO 1.95%
SUNCOR ENERGY INC 1.80%
NRG ENERGY INC 1.78%
BOSTON SCIENTIFIC CORP 1.67%
E*TRADE FINANCIAL CORPORATION 1.62%
AMAZON.COM INC 1.59%
BANK OF AMERICA CORP 1.59%
NOMAD FOODS LTD 1.55%
DXC TECHNOLOGY CO 1.41%
YAMAHA MOTOR CO LTD 1.40%
LOWES COMPANIES INC 1.29%
CF INDUSTRIES HOLDINGS INC 1.26%
BAYER AG-REG 1.24%
FAIRFAX FINANCIAL HLDGS LTD 1.23%
ASSURED GUARANTY LTD 1.20%
ALCOA CORP 1.17%
DENTSPLY SIRONA INC 1.17%
SAMSUNG ELECTRONICS CO LTD 1.16%
PIONEER NAT RES CO 1.15%
EXELON CORP 1.13%
KYUDENKO CORP 1.13%
RPC GROUP PLC 1.13%
SEVEN GENERATIONS ENERGY - A 1.13%
EURAZEO SA 1.12%
VISA INC-CLASS A SHARES 1.12%
CALATLANTIC GROUP INC 1.11%
BANK OF IRELAND GROUP PLC 1.10%
NCSOFT CORP 1.06%
ROHM CO LTD 1.06%
COMPASS GROUP PLC 1.04%
PRUDENTIAL PLC 1.04%
ALIBABA GROUP HOLDING-SP ADR 1.03%
KINDER MORGAN INC 1.03%
KRAFT HEINZ CO/THE 1.03%
INSTRUCTURE INC 1.02%
CHALLENGER LTD 1.01%
DIAGEO PLC 0.99%
PIRELLI & C SPA 0.99%
KENNEDY-WILSON HOLDINGS INC 0.98%
MOLSON COORS BREWING CO -B 0.98%
TECHTRONIC INDUSTRIES CO LTD 0.98%
EATON CORP PLC 0.97%
ILUKA RESOURCES LTD 0.97%
VODAFONE GROUP PLC-SP ADR 0.97%
RADIAN GROUP INC 0.96%
BRUNSWICK CORP 0.95%
RAYTHEON COMPANY 0.95%
REALPAGE INC 0.95%
SHISEIDO CO LTD 0.95%
SERVICENOW INC 0.94%
GODADDY INC - CLASS A 0.93%
DALATA HOTEL GROUP PLC 0.92%
DANAHER CORP 0.90%
MICRO FOCUS INTERNATIONAL 0.89%
SUMMIT MATERIALS INC -CL A 0.89%
GRUPO FINANCIERO GALICIA-ADR 0.87%
JOHNSON CONTROLS INTERNATION 0.87%
ASSA ABLOY AB-B 0.86%
HIBERNIA REIT PLC 0.86%
CONOCOPHILLIPS 0.85%
LIVE NATION ENTERTAINMENT IN 0.83%
SHERWIN-WILLIAMS CO/THE 0.83%
PALTAC CORPORATION 0.82%
CHUBB LTD 0.80%
UNIVERSAL ENTERTAINMENT CORP 0.79%
ASSOCIATED BRITISH FOODS PLC 0.78%
KERRY GROUP PLC-A 0.78%
CENOVUS ENERGY INC 0.77%
BALL CORP 0.76%
COMPUGROUP MEDICAL SE 0.76%
HILTON WORLDWIDE HOLDINGS IN 0.76%
EOG RESOURCES INC 0.72%
SONY CORP 0.72%
LOMA NEGRA CIA IND-SPON ADR 0.70%
ING GROEP NV-CVA 0.69%
IRB BRASIL RESSEGUROS SA 0.69%
KION GROUP AG 0.69%
O'REILLY AUTOMOTIVE INC 0.68%
NINTENDO CO LTD 0.65%
ADOBE SYSTEMS INC 0.64%
VERTEX PHARMACEUTICALS INC 0.64%
CHUGAI PHARMACEUTICAL CO LTD 0.63%
SCREEN HOLDINGS CO LTD 0.63%
JAZZ PHARMACEUTICALS PLC 0.62%
DOWDUPONT INC 0.61%
L3 TECHNOLOGIES INC 0.61%
FORTUNE BRANDS HOME & SECURI 0.60%
KONINKLIJKE KPN NV 0.60%
UBER TECH INC P/P CV PFD 0.54%
PACIRA PHARMACEUTICALS INC 0.53%
ALKERMES PLC 0.49%
NOVARTIS AG-REG 0.49%
ASTRAZENECA PLC 0.48%
FACEBOOK INC-A 0.47%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
KRW/USD 02/22/2018 JPMCB 0.02%
CAD/USD 01/17/2018 SSBT 0.01%
CHF/USD 03/21/2018 BCAP-FX 0.01%
CNH/USD 02/22/2018 GSFX 0.01%
GBP/USD 03/21/2018 BANKAM 0.01%
GBP/USD 03/21/2018 WPAC 0.01%
AUD/USD 01/17/2018 BANKAM 0.00%
AUD/USD 01/17/2018 JPMCB 0.00%
AUD/USD 01/17/2018 SSBT 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 01/17/2018 BANKAM 0.00%
CAD/USD 01/17/2018 GSFX 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 03/21/2018 JPMCB 0.00%
DKK/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 BANKAM 0.00%
EUR/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 GSFX 0.00%
EUR/USD 03/21/2018 HSBCB 0.00%
EUR/USD 03/21/2018 JPMCB 0.00%
FABFURNISH GMBH P/P 0.00%
GBP/USD 03/21/2018 SSBT 0.00%
HKD/USD 02/22/2018 BANKAM 0.00%
HKD/USD 02/22/2018 BCAP-FX 0.00%
ILS/USD 01/17/2018 SSBT 0.00%
JPY/USD 02/22/2018 BANKAM 0.00%
JPY/USD 02/22/2018 GSFX 0.00%
JPY/USD 02/22/2018 JPMCB 0.00%
JPY/USD 02/22/2018 SSBT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NOK/USD 03/21/2018 JPMCB 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 03/21/2018 JPMCB 0.00%
SGD/USD 02/22/2018 JPMCB 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
GBP/USD 03/21/2018 JPMCB -0.01%

Prior top 10 holdings

Top 10 holdings as of 03/31/18
1: Nrg Energy 3.31%
2: Unilever Nv 2.54%
3: Alphabet 2.42%
4: BD Medical 1.86%
5: Boston Scientific Corp 1.78%
6: Norfolk Southern Corp 1.76%
7: Amazon.Com 1.68%
8: E*Trade Financial Corp 1.68%
9: Suncor Energy 1.61%
10: Bank Of America Corp 1.52%
Holdings represent 20.16% of portfolio
Top 10 holdings as of 02/28/18
1: Nrg Energy 2.83%
2: Alphabet 2.58%
3: Unilever Nv 2.33%
4: BD Medical 1.94%
5: Norfolk Southern Corp 1.83%
6: Amazon.Com 1.77%
7: Boston Scientific Corp 1.75%
8: Bank of America 1.66%
9: E*Trade Financial Corp 1.56%
10: Suncor Energy 1.56%
Holdings represent 19.81% of portfolio
Top 10 holdings as of 01/31/18
1: Alphabet 3.08%
2: Unilever Nv 2.09%
3: BD Medical 2.06%
4: Norfolk Southern Corp 1.93%
5: Amazon.Com 1.90%
6: Boston Scientific Corp 1.75%
7: Suncor Energy 1.68%
8: E*Trade Financial Corp 1.62%
9: Bank Of America Corp 1.61%
10: Nrg Energy 1.53%
Holdings represent 19.25% of portfolio
Top 10 holdings as of 12/31/17
1: Alphabet 2.91%
2: Unilever Nv 2.17%
3: Norfolk Southern Corp 1.99%
4: Becton Dickinson And 1.95%
5: Suncor Energy 1.80%
6: Nrg Energy 1.78%
7: Boston Scientific Corp 1.67%
8: E*Trade Financial Corp 1.62%
9: Bank Of America Corp 1.59%
10: Amazon.Com 1.59%
Holdings represent 19.07% of portfolio

Portfolio Composition as of 03/31/18

Common stock 96.66%
Cash and net other assets 2.85%
Convertible preferred stock 0.49%

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 03/31/18

Information technology 15.82%
Consumer discretionary 14.89%
Financials 14.44%
Health care 11.02%
Industrials 9.89%
Consumer staples 8.80%
Materials 7.38%
Energy 7.17%
Utilities 4.57%
 
Other
6.02%
Cash and net other assets 2.85%
Real estate 1.86%
Telecommunication services 1.31%

Country Allocation as of 03/31/18

United States 54.52%
United Kingdom 7.94%
Japan 7.35%
Canada 5.22%
Netherlands 3.64%
Cash and net other assets 2.85%
Ireland 2.75%
Germany 2.46%
Australia 1.72%
 
Other
11.55%
South Korea 1.67%
India 1.64%
Argentina 1.45%
Brazil 1.28%
China 0.98%
Italy 0.96%
France 0.92%
Sweden 0.85%
Taiwan 0.66%
Hong Kong 0.63%
Switzerland 0.46%
Luxembourg 0.05%