The subaccount seeks capital appreciation.
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.
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.
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 62% | 11/17 |
| 1 yr. | 53% | 13/24 |
| 3 yrs. | 83% | 19/22 |
| 5 yrs. | 86% | 18/20 |
| Alpha (%) | -2.25 |
| Beta | 1.05 |
| R squared | 0.89 |
| Standard deviation (3 yrs.) | 10.46 |
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.
| Fiscal Year End | December |
| Asset Class | Putnam Capital Manager |
| Subaccount Status | Open to new investors |
| Number of issues | 92 |
| Turnover (fiscal year end) | 75% |
| Net Assets | $149M |
| Inception Date | 05/01/90 |
| Nrg Energy | 4.02% |
| Assured Guaranty | 2.92% |
| Alphabet | 2.85% |
| Unilever Nv | 2.14% |
| Norfolk Southern Corp | 2.08% |
| Amazon.Com | 2.03% |
| Becton Dickinson And | 2.03% |
| Cenovus Energy | 2.01% |
| Boston Scientific Corp | 1.85% |
| Ball Corp | 1.77% |
| Top 10 holdings, total: | 23.70% |
| Common stock | 95.61% |
| Cash and net other assets | 3.73% |
| Convertible preferred stock | 0.66% |
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.
| Financials | 13.08% |
|---|---|
| Consumer discretionary | 12.94% |
| Information technology | 12.16% |
| Industrials | 10.69% |
| Health care | 10.08% |
| Energy | 9.80% |
| Consumer staples | 9.69% |
| Communication services | 5.23% |
| Materials | 5.04% |
| Other | 11.29% |
0
| United States | 59.92% |
|---|---|
| Japan | 8.61% |
| United Kingdom | 7.22% |
| Canada | 5.92% |
| Cash and net other assets | 3.73% |
| Ireland | 2.39% |
| France | 2.38% |
| Germany | 2.17% |
| Netherlands | 2.14% |
| Other | 5.52% |
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