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 09/30/18

Category: Global Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 67% 12/17
1 yr. 81% 20/24
3 yrs. 83% 19/22
5 yrs. 86% 18/20

Risk Characteristics as of 09/30/18

Alpha (%) -1.05
Beta 0.93
R squared 0.85
Standard deviation (3 yrs.) 9.13

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 09/30/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 95
Turnover (fiscal year end) 75%
Net Assets $165M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 09/30/18

Nrg Energy 3.74%
Alphabet 2.84%
Assured Guaranty 2.52%
Norfolk Southern Corp 2.40%
Amazon.Com 2.29%
Becton Dickinson And 2.07%
Cenovus Energy 2.06%
Unilever Nv 1.99%
Boston Scientific Corp 1.90%
Advance Auto Parts 1.72%
Top 10 holdings, total: 23.53%

Equity Holdings as of 06/30/18

NRG ENERGY INC 3.19%
ALPHABET INC-CL C 2.52%
NORFOLK SOUTHERN CORP 2.12%
UNILEVER NV-CVA 2.10%
AMAZON.COM INC 2.05%
BOSTON SCIENTIFIC CORP 2.01%
BECTON DICKINSON AND CO 2.00%
ASSURED GUARANTY LTD 1.89%
SUNCOR ENERGY INC 1.86%
E*TRADE FINANCIAL CORPORATION 1.73%
NOMAD FOODS LTD 1.60%
SHISEIDO CO LTD 1.44%
FAIRFAX FINANCIAL HLDGS LTD 1.43%
BANK OF AMERICA CORP 1.39%
CENOVUS ENERGY INC 1.37%
KENNEDY-WILSON HOLDINGS INC 1.36%
DXC TECHNOLOGY CO 1.33%
BALL CORP 1.31%
INSTRUCTURE INC 1.30%
SCREEN HOLDINGS CO LTD 1.27%
CHALLENGER LTD 1.26%
UNIVERSAL ENTERTAINMENT CORP 1.26%
ADVANCE AUTO PARTS 1.23%
SINO-AMERICAN SILICON PRODUC 1.22%
LOWES COMPANIES INC 1.21%
PERNOD RICARD SA 1.19%
VISA INC-CLASS A SHARES 1.19%
KKR & CO LP 1.18%
COMPASS GROUP PLC 1.17%
EDELWEISS FINANCIAL SERVICES 1.17%
KINDER MORGAN INC 1.16%
SERVICENOW INC 1.14%
ALIBABA GROUP HOLDING-SP ADR 1.09%
REALPAGE INC 1.09%
BAYER AG-REG 1.01%
GODADDY INC - CLASS A 1.01%
CONOCOPHILLIPS 0.98%
EMERSON ELECTRIC CO 0.98%
EURAZEO SA 0.98%
PIONEER NAT RES CO 0.97%
SHERWIN-WILLIAMS CO/THE 0.96%
TEXTRON INC 0.96%
ILUKA RESOURCES LTD 0.95%
PALTAC CORPORATION 0.95%
LENNAR CORP-A 0.94%
BANK OF IRELAND GROUP PLC 0.93%
KYUDENKO CORP 0.93%
SEVEN GENERATIONS ENERGY - A 0.93%
REALOGY HOLDINGS CORP 0.92%
ASSOCIATED BRITISH FOODS PLC 0.91%
SUMMIT MATERIALS INC -CL A 0.91%
DALATA HOTEL GROUP PLC 0.90%
DANAHER CORP 0.88%
PIRELLI & C SPA 0.88%
DENTSPLY SIRONA INC 0.87%
LIVE NATION ENTERTAINMENT IN 0.87%
PRUDENTIAL PLC 0.85%
EATON CORP PLC 0.84%
L3 TECHNOLOGIES INC 0.84%
ALCOA CORP 0.83%
CHENIERE ENERGY INC 0.82%
ADOBE SYSTEMS INC 0.81%
RADIAN GROUP INC 0.80%
TOSHIBA CORP 0.79%
VERTEX PHARMACEUTICALS INC 0.79%
ACTIVISION BLIZZARD INC 0.78%
KION GROUP AG 0.78%
BRUNSWICK CORP 0.76%
HIBERNIA REIT PLC 0.76%
NCSOFT CORP 0.76%
OPEN HOUSE CO LTD 0.76%
ASAHI GROUP HOLDINGS LTD 0.74%
HILTON WORLDWIDE HOLDINGS IN 0.74%
JAZZ PHARMACEUTICALS PLC 0.74%
SHRIRAM TRANSPORT FINANCE 0.74%
YELLOW CAKE PLC 144A 0.73%
ASSA ABLOY AB-B 0.72%
CIGNA CORP 0.72%
ENTERPRISE PRODUCTS PARTNERS 0.72%
RAYTHEON COMPANY 0.71%
SAMSUNG ELECTRONICS CO LTD 0.70%
APPLIED MATERIALS INC 0.69%
JOHNSON CONTROLS INTERNATION 0.69%
ASHTEAD GROUP PLC 0.67%
NINTENDO CO LTD 0.65%
O'REILLY AUTOMOTIVE INC 0.60%
DOWDUPONT INC 0.59%
UBER TECH INC P/P CV PFD 0.57%
COMPUGROUP MEDICAL SE 0.55%
ASTRAZENECA PLC 0.47%
ALKERMES PLC 0.46%
GRUPO FINANCIERO GALICIA-ADR 0.40%
KONINKLIJKE KPN NV 0.25%
TECHTRONIC INDUSTRIES CO LTD 0.23%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
HC BRILLANT SERVICES 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 06/30/18

NRG ENERGY INC 3.19%
ALPHABET INC-CL C 2.52%
NORFOLK SOUTHERN CORP 2.12%
UNILEVER NV-CVA 2.10%
AMAZON.COM INC 2.05%
BOSTON SCIENTIFIC CORP 2.01%
BECTON DICKINSON AND CO 2.00%
ASSURED GUARANTY LTD 1.89%
SUNCOR ENERGY INC 1.86%
E*TRADE FINANCIAL CORPORATION 1.73%
NOMAD FOODS LTD 1.60%
SHISEIDO CO LTD 1.44%
FAIRFAX FINANCIAL HLDGS LTD 1.43%
BANK OF AMERICA CORP 1.39%
CENOVUS ENERGY INC 1.37%
KENNEDY-WILSON HOLDINGS INC 1.36%
DXC TECHNOLOGY CO 1.33%
BALL CORP 1.31%
INSTRUCTURE INC 1.30%
SCREEN HOLDINGS CO LTD 1.27%
CHALLENGER LTD 1.26%
UNIVERSAL ENTERTAINMENT CORP 1.26%
ADVANCE AUTO PARTS 1.23%
SINO-AMERICAN SILICON PRODUC 1.22%
LOWES COMPANIES INC 1.21%
PERNOD RICARD SA 1.19%
VISA INC-CLASS A SHARES 1.19%
KKR & CO LP 1.18%
COMPASS GROUP PLC 1.17%
EDELWEISS FINANCIAL SERVICES 1.17%
KINDER MORGAN INC 1.16%
SERVICENOW INC 1.14%
ALIBABA GROUP HOLDING-SP ADR 1.09%
REALPAGE INC 1.09%
BAYER AG-REG 1.01%
GODADDY INC - CLASS A 1.01%
CONOCOPHILLIPS 0.98%
EMERSON ELECTRIC CO 0.98%
EURAZEO SA 0.98%
PIONEER NAT RES CO 0.97%
SHERWIN-WILLIAMS CO/THE 0.96%
TEXTRON INC 0.96%
ILUKA RESOURCES LTD 0.95%
PALTAC CORPORATION 0.95%
LENNAR CORP-A 0.94%
BANK OF IRELAND GROUP PLC 0.93%
KYUDENKO CORP 0.93%
SEVEN GENERATIONS ENERGY - A 0.93%
REALOGY HOLDINGS CORP 0.92%
ASSOCIATED BRITISH FOODS PLC 0.91%
SUMMIT MATERIALS INC -CL A 0.91%
DALATA HOTEL GROUP PLC 0.90%
DANAHER CORP 0.88%
PIRELLI & C SPA 0.88%
DENTSPLY SIRONA INC 0.87%
LIVE NATION ENTERTAINMENT IN 0.87%
PRUDENTIAL PLC 0.85%
EATON CORP PLC 0.84%
L3 TECHNOLOGIES INC 0.84%
ALCOA CORP 0.83%
CHENIERE ENERGY INC 0.82%
ADOBE SYSTEMS INC 0.81%
RADIAN GROUP INC 0.80%
TOSHIBA CORP 0.79%
VERTEX PHARMACEUTICALS INC 0.79%
ACTIVISION BLIZZARD INC 0.78%
KION GROUP AG 0.78%
BRUNSWICK CORP 0.76%
HIBERNIA REIT PLC 0.76%
NCSOFT CORP 0.76%
OPEN HOUSE CO LTD 0.76%
ASAHI GROUP HOLDINGS LTD 0.74%
HILTON WORLDWIDE HOLDINGS IN 0.74%
JAZZ PHARMACEUTICALS PLC 0.74%
SHRIRAM TRANSPORT FINANCE 0.74%
POUND STERLING CALL ACCOUNT 0.73%
YELLOW CAKE PLC 144A 0.73%
ASSA ABLOY AB-B 0.72%
CIGNA CORP 0.72%
ENTERPRISE PRODUCTS PARTNERS 0.72%
RAYTHEON COMPANY 0.71%
SAMSUNG ELECTRONICS CO LTD 0.70%
APPLIED MATERIALS INC 0.69%
JOHNSON CONTROLS INTERNATION 0.69%
ASHTEAD GROUP PLC 0.67%
NINTENDO CO LTD 0.65%
O'REILLY AUTOMOTIVE INC 0.60%
DOWDUPONT INC 0.59%
UBER TECH INC P/P CV PFD 0.57%
COMPUGROUP MEDICAL SE 0.55%
ASTRAZENECA PLC 0.47%
ALKERMES PLC 0.46%
GRUPO FINANCIERO GALICIA-ADR 0.40%
KONINKLIJKE KPN NV 0.25%
TECHTRONIC INDUSTRIES CO LTD 0.23%
EUR/USD 09/19/2018 GSFX 0.04%
CHF/USD 09/19/2018 BCAP-FX 0.03%
GLOBAL FASHION GRP P/P 0.03%
GLOBAL FASHION GRP 0.02%
DKK/USD 09/19/2018 CITI 0.01%
EUR/USD 09/19/2018 JPMCB 0.01%
GBP/USD 09/19/2018 BCAP-FX 0.01%
JPY/USD 08/16/2018 GSFX 0.01%
AUD/USD 07/18/2018 JPMCB 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
CAD/USD 07/18/2018 GSFX 0.00%
CANADIAN DOLLAR ACCOUNT 0.00%
CHF/USD 09/19/2018 JPMCB 0.00%
EUR/USD 09/19/2018 CITI 0.00%
GBP/USD 09/19/2018 BANKAM 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
HKD/USD 08/16/2018 BANKAM 0.00%
HKD/USD 08/16/2018 BCAP-FX 0.00%
ILS/USD 07/18/2018 SSBT 0.00%
INDIAN RUPEE CALL ACCOUNT 0.00%
JPY/USD 08/16/2018 BANKAM 0.00%
JPY/USD 08/16/2018 CITI 0.00%
JPY/USD 08/16/2018 SSBT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NOK/USD 09/19/2018 JPMCB 0.00%
SEK/USD 09/19/2018 JPMCB 0.00%
SGD/USD 08/16/2018 JPMCB 0.00%
CAD/USD 07/18/2018 SSBT -0.01%
CNH/USD 08/16/2018 GSFX -0.01%
EUR/USD 09/19/2018 BANKAM -0.01%
JPY/USD 08/16/2018 JPMCB -0.01%
KRW/USD 08/16/2018 JPMCB -0.01%
EUR/USD 09/19/2018 HSBCB -0.04%
MSJCFNNU R US0001M P 01/04/19 BA -0.07%
THE EURO EUR CALL ACCOUNT -0.92%

Prior top 10 holdings

Top 10 holdings as of 09/30/18
1: Nrg Energy 3.74%
2: Alphabet 2.84%
3: Assured Guaranty 2.52%
4: Norfolk Southern Corp 2.40%
5: Amazon.Com 2.29%
6: Becton Dickinson And 2.07%
7: Cenovus Energy 2.06%
8: Unilever Nv 1.99%
9: Boston Scientific Corp 1.90%
10: Advance Auto Parts 1.72%
Holdings represent 23.53% of portfolio
Top 10 holdings as of 08/31/18
1: Nrg Energy 3.50%
2: Alphabet 2.87%
3: Norfolk Southern Corp 2.29%
4: Amazon.Com 2.28%
5: Assured Guaranty 2.28%
6: Becton Dickinson And 2.05%
7: Unilever Nv 2.04%
8: Boston Scientific Corp 1.94%
9: Advance Auto Parts 1.66%
10: Cenovus Energy 1.65%
Holdings represent 22.56% of portfolio
Top 10 holdings as of 07/31/18
1: Nrg Energy 3.23%
2: Alphabet 2.94%
3: Norfolk Southern Corp 2.31%
4: Amazon 2.12%
5: Unilever Nv 2.11%
6: Assured Guaranty 2.04%
7: Becton Dickinson and Co 2.04%
8: Boston Scientific Corp 1.99%
9: Cenovus Energy 1.83%
10: Suncor Energy 1.71%
Holdings represent 22.32% of portfolio
Top 10 holdings as of 06/30/18
1: Nrg Energy 3.19%
2: Alphabet 2.52%
3: Norfolk Southern Corp 2.12%
4: Unilever Nv 2.10%
5: Boston Scientific Corp 2.01%
6: Becton Dickinson and Co 2.00%
7: Amazon 1.94%
8: Assured Guaranty 1.89%
9: Suncor Energy 1.86%
10: E*Trade Financial Corp 1.73%
Holdings represent 21.36% of portfolio

Portfolio Composition as of 09/30/18

Common stock 97.47%
Cash and net other assets 1.93%
Convertible preferred stock 0.60%

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 09/30/18

Financials 13.42%
Information technology 13.26%
Consumer discretionary 13.10%
Industrials 12.43%
Health care 10.47%
Energy 9.48%
Consumer staples 7.71%
Communication services 5.98%
Materials 4.75%
 
Other
9.40%
Utilities 3.74%
Real estate 3.73%
Cash and net other assets 1.93%

Country Allocation as of 09/30/18

United States 60.93%
Japan 8.49%
United Kingdom 6.76%
Canada 6.03%
Netherlands 2.77%
Ireland 2.44%
France 2.15%
Germany 2.12%
Cash and net other assets 1.93%
 
Other
6.38%
South Korea 1.35%
Australia 1.11%
Italy 1.06%
Taiwan 0.96%
China 0.86%
Sweden 0.50%
India 0.49%
Luxembourg 0.05%