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 06/30/19

Category: Global Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 69% 13/18
1 yr. 97% 27/27
3 yrs. 85% 21/24
5 yrs. 92% 21/22

Risk Characteristics as of 06/30/19

Alpha (%) -1.15
Beta 1.02
R squared 0.93
Standard deviation (3 yrs.) 11.85

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 06/30/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 90
Turnover (fiscal year end) 53%
Net Assets $212M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 06/30/19

Nrg Energy 3.77%
Amazon.Com 3.21%
Nomad Foods 2.81%
Assured Guaranty 2.79%
Unilever Nv 2.55%
Cenovus Energy 2.01%
Microsoft Corp 1.97%
Advance Auto Parts 1.88%
Becton Dickinson And 1.81%
Enterprise Products Partn 1.79%
Top 10 holdings, total: 24.59%

Full Portfolio Holdings as of 03/31/19

NRG ENERGY INC 4.00%
ASSURED GUARANTY LTD 3.15%
ALPHABET INC-CL C 3.09%
UNILEVER NV-CVA 2.42%
AMAZON.COM INC 2.37%
BECTON DICKINSON AND CO 2.22%
BOSTON SCIENTIFIC CORP 1.92%
CENOVUS ENERGY INC 1.83%
NOMAD FOODS LTD 1.80%
SERVICENOW INC 1.78%
ADVANCE AUTO PARTS 1.71%
BALL CORP 1.70%
KINDER MORGAN INC 1.70%
COMPASS GROUP PLC 1.68%
PERNOD RICARD SA 1.57%
UNION PACIFIC CORP 1.53%
SUNCOR ENERGY INC 1.47%
BANK OF AMERICA CORP 1.45%
VISA INC-CLASS A SHARES 1.42%
LENNAR CORP-A 1.37%
FIRST DATA CORP- CLASS A 1.36%
MICROSOFT CORP 1.36%
FAIRFAX FINANCIAL HLDGS LTD 1.27%
SHISEIDO CO LTD 1.26%
DANAHER CORP 1.24%
LIVE NATION ENTERTAINMENT IN 1.22%
ASAHI GROUP HOLDINGS LTD 1.19%
ENTERPRISE PRODUCTS PARTNERS 1.19%
HILTON WORLDWIDE HOLDINGS IN 1.19%
UNIVERSAL ENTERTAINMENT CORP 1.19%
JOHNSON CONTROLS INTERNATION 1.16%
DXC TECHNOLOGY CO 1.15%
ADOBE INC 1.14%
PALTAC CORPORATION 1.13%
PIRELLI & C SPA 1.12%
SHERWIN-WILLIAMS CO/THE 1.09%
CHENIERE ENERGY INC 1.08%
EURAZEO SE 1.08%
SUMMIT MATERIALS INC -CL A 1.07%
GODADDY INC - CLASS A 1.06%
HERSHEY CO/THE 1.06%
PRUDENTIAL PLC 1.06%
KENNEDY-WILSON HOLDINGS INC 1.05%
COCA-COLA CO/THE 1.04%
NXP SEMICONDUCTORS NV 1.04%
REALPAGE INC 1.03%
EDELWEISS FINANCIAL SERVICES 1.01%
LOWES COMPANIES INC 1.01%
WALT DISNEY CO/THE 0.99%
RADIAN GROUP INC 0.98%
L3 TECHNOLOGIES INC 0.97%
CONOCOPHILLIPS 0.94%
VERTEX PHARMACEUTICALS INC 0.92%
TOSHIBA CORP 0.91%
YELLOW CAKE PLC 144A 0.91%
PIONEER NAT RES CO 0.85%
QBE INSURANCE GROUP LTD 0.84%
SIG COMBIBLOC GROUP AG 0.84%
CIGNA CORP 0.83%
OPEN HOUSE CO LTD 0.81%
DALATA HOTEL GROUP PLC 0.79%
KYUDENKO CORP 0.79%
SINO-AMERICAN SILICON PRODUC 0.79%
SCREEN HOLDINGS CO LTD 0.78%
ACTIVISION BLIZZARD INC 0.77%
BANK OF IRELAND GROUP PLC 0.77%
UBER TECH INC P/P CV PFD 0.77%
ASSOCIATED BRITISH FOODS PLC 0.76%
ICU MEDICAL INC 0.75%
E*TRADE FINANCIAL CORPORATION 0.74%
ASTRAZENECA PLC 0.72%
BAYER AG-REG 0.71%
ASHTEAD GROUP PLC 0.70%
INSTRUCTURE INC 0.70%
HIBERNIA REIT PLC 0.69%
NOVOZYMES A/S-B SHARES 0.68%
TEXAS INSTRUMENTS INC 0.67%
ACCENTURE PLC-CL A 0.64%
NINTENDO CO LTD 0.57%
SAMSUNG ELECTRONICS CO LTD 0.54%
SEVEN GENERATIONS ENERGY - A 0.50%
CHALLENGER LTD 0.47%
COMPUGROUP MEDICAL SE 0.47%
GLOBAL FASHION GRP P/P 0.03%
JPY/USD 05/15/2019 GSFX 0.03%
TAIWAN DOLLAR CALL ACCOUNT 0.03%
CHF/USD 06/19/2019 BCAP-FX 0.02%
GLOBAL FASHION GRP 0.02%
AUD/USD 04/17/2019 JPMCB 0.00%
AUD/USD 04/17/2019 SSBT 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 04/17/2019 GSFX 0.00%
CAD/USD 04/17/2019 JPMCB 0.00%
CAD/USD 04/17/2019 SSBT 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 06/19/2019 JPMCB 0.00%
CNH/USD 05/15/2019 HSBCB 0.00%
DKK/USD 06/19/2019 CITI 0.00%
EUR/USD 06/19/2019 BANKAM 0.00%
EUR/USD 06/19/2019 BCAP-FX 0.00%
EUR/USD 06/19/2019 GSFX 0.00%
GBP/USD 06/19/2019 BANKAM 0.00%
GBP/USD 06/19/2019 SSBT 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HKD/USD 05/15/2019 BCAP-FX 0.00%
ILS/USD 04/17/2019 SSBT 0.00%
INDIAN RUPEE CALL ACCOUNT 0.00%
JAPANESE YEN CALL ACCOUNT 0.00%
KOREAN WON CALL ACCOUNT 0.00%
KRW/USD 05/15/2019 JPMCB 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NOK/USD 06/19/2019 JPMCB 0.00%
POUND STERLING CALL ACCOUNT 0.00%
SEK/USD 06/19/2019 JPMCB 0.00%
SGD/USD 05/15/2019 JPMCB 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
TWD/USD 05/15/2019 GSFX 0.00%
JPY/USD 05/15/2019 BANKAM -0.01%
JPY/USD 05/15/2019 CITI -0.01%
JPY/USD 05/15/2019 JPMCB -0.01%
JPY/USD 05/15/2019 SSBT -0.01%

Prior top 10 holdings

Top 10 holdings as of 06/30/19
1: Nrg Energy 3.77%
2: Amazon.Com 3.21%
3: Nomad Foods 2.81%
4: Assured Guaranty 2.79%
5: Unilever Nv 2.55%
6: Cenovus Energy 2.01%
7: Microsoft Corp 1.97%
8: Advance Auto Parts 1.88%
9: Becton Dickinson And 1.81%
10: Enterprise Products Partn 1.79%
Holdings represent 24.59% of portfolio
Top 10 holdings as of 05/31/19
1: Nrg Energy 3.70%
2: Assured Guaranty 2.99%
3: Amazon.Com 2.98%
4: Nomad Foods 2.85%
5: Unilever Nv 2.59%
6: BD Medical 2.31%
7: Boston Scientific Corp 1.97%
8: Servicenow 1.95%
9: Alphabet 1.89%
10: Cenovus Energy 1.77%
Holdings represent 25.00% of portfolio
Top 10 holdings as of 04/30/19
1: Nrg Energy 3.79%
2: Assured Guaranty 3.31%
3: Alphabet 3.06%
4: Amazon.Com 3.01%
5: Unilever Nv 2.47%
6: BD Medical 2.09%
7: Cenovus Energy 2.04%
8: Servicenow 1.92%
9: Boston Scientific Corp 1.82%
10: Nomad Foods 1.80%
Holdings represent 25.31% of portfolio
Top 10 holdings as of 03/31/19
1: Nrg Energy 4.00%
2: Assured Guaranty 3.15%
3: Alphabet 3.09%
4: Unilever Nv 2.42%
5: Amazon.Com 2.37%
6: BD Medical 2.22%
7: Boston Scientific Corp 1.92%
8: Cenovus Energy 1.83%
9: Nomad Foods 1.80%
10: Servicenow 1.78%
Holdings represent 24.58% of portfolio

Portfolio Composition as of 06/30/19

Common stock 97.44%
Cash and net other assets 2.08%
Convertible preferred stock 0.48%

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 06/30/19

Information technology 15.39%
Consumer discretionary 13.75%
Financials 13.24%
Consumer staples 11.22%
Industrials 9.39%
Energy 9.08%
Health care 8.38%
Materials 6.47%
Communication services 4.90%
 
Other
8.18%
Utilities 3.77%
Real estate 2.33%
Cash and net other assets 2.08%

Country Allocation as of 06/30/19

United States 62.05%
United Kingdom 9.38%
Japan 7.44%
Canada 4.21%
Netherlands 2.55%
France 2.16%
Cash and net other assets 2.08%
Ireland 2.01%
Australia 1.56%
 
Other
6.56%
Switzerland 1.38%
Denmark 1.11%
Italy 0.97%
South Korea 0.90%
Taiwan 0.81%
Hong Kong 0.71%
India 0.66%
Luxembourg 0.02%