Putnam Capital Manager

Putnam Sustainable Leaders Subaccount

The subaccount seeks long-term capital appreciation.

Fund description

The subaccount invests in companies of all sizes across a range of industry sectors. The management team looks for stocks of innovative companies that are positioned in sectors believed to offer exceptional growth potential. The fund targets companies with strong management and superior financial characteristics.

Sales story

Investing in growing companies committed to sustainable practicesCommitted companies: The fund invests in growth companies with the goal of delivering positive financial and ESG performance.Active strategy: The managers utilize bottom-up research to identify companies with attractive sustainability, fundamental, and valuation characteristics.Veteran team: A dedicated sustainable investing team is backed by Putnam's equity research and quantitative/risk analysis groups.

Management team

Lipper ranking ‡ as of 07/31/19

Category: Multi-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 48% 33/68
1 yr. 37% 30/81
3 yrs. 26% 21/81
5 yrs. 31% 25/80

Risk Characteristics as of 07/31/19

Alpha (%) 2.31
Beta 0.95
R squared 0.95
Standard deviation (3 yrs.) 12.82

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

‡ 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 08/31/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 77
Turnover (fiscal year end) 63%
Net Assets $759M
Inception Date 05/02/94

Holdings

Top 10 holdings as of 07/31/19

Microsoft Corp 7.01%
Visa 4.25%
Amazon.Com 3.99%
Apple 3.81%
Danaher Corp 3.39%
Adobe 3.25%
Unilever Nv 2.99%
Alphabet 2.75%
Novozymes A/S - B Shares 2.61%
Blackrock 2.50%
Top 10 holdings, total: 36.55%

Full Portfolio Holdings as of 06/30/19

MICROSOFT CORP 6.90%
VISA INC-CLASS A SHARES 4.15%
AMAZON.COM INC 4.06%
ADOBE INC 3.59%
APPLE INC 3.55%
DANAHER CORP 3.45%
UNILEVER NV-CVA 3.03%
NOVOZYMES A/S-B SHARES 2.63%
BLACKROCK INC 2.51%
SALESFORCE.COM INC 2.44%
HOME DEPOT INC 2.31%
HILTON WORLDWIDE HOLDINGS IN 2.03%
OKTA INC 2.01%
SERVICENOW INC 1.93%
BECTON DICKINSON AND CO 1.80%
LINDE PLC 1.77%
ACCENTURE PLC-CL A 1.67%
NXP SEMICONDUCTORS NV 1.59%
ALPHABET INC-CL C 1.59%
CHIPOTLE MEXICAN GRILL INC 1.52%
WALMART INC 1.52%
COOPER COS INC/THE 1.44%
HEINEKEN NV 1.42%
ADIDAS AG 1.38%
ROPER TECHNOLOGIES INC 1.36%
BANK OF AMERICA CORP 1.35%
PRUDENTIAL PLC 1.34%
PENUMBRA INC 1.33%
HASBRO INC 1.31%
THERMO FISHER SCIENTIFIC INC 1.28%
BALL CORP 1.21%
MCCORMICK & CO-NON VTG SHRS 1.16%
VAIL RESORTS INC 1.16%
STANLEY BLACK & DECKER INC 1.15%
HONEYWELL INTERNATIONAL INC 1.14%
JOHNSON CONTROLS INTERNATION 1.14%
LOWES COMPANIES INC 1.13%
DOCUSIGN INC 1.11%
TALEND SA - ADR 1.08%
CHR HANSEN HOLDING A/S 1.08%
VERTEX PHARMACEUTICALS INC 1.02%
FIDELITY NATIONAL INFO SERV 1.00%
FIRST REPUBLIC BANK/CA 1.00%
NEXTERA ENERGY INC 1.00%
ON SEMICONDUCTOR CORP 0.99%
ASML HOLDING NV-NY REG SHS 0.97%
FORTIVE CORP 0.92%
METTLER-TOLEDO INTERNATIONAL 0.90%
SUMMIT MATERIALS INC -CL A 0.87%
ALPHABET INC-CL A 0.86%
WEBSTER FINANCIAL CORP 0.83%
DXC TECHNOLOGY CO 0.79%
TEXAS INSTRUMENTS INC 0.78%
UNION PACIFIC CORP 0.76%
FIRST SOLAR INC 0.74%
AES CORP 0.73%
TJX COMPANIES INC 0.71%
ICU MEDICAL INC 0.67%
PINTEREST INC- CLASS A 0.57%
ECOLAB INC 0.55%
LEVI STRAUSS & CO- CLASS A 0.46%
OPORTUN FIN CORP P/P SERIES H PFD 0.12%
OPORTUN FIN G-1 PFD CV P/P 0.04%
OPORTUN FIN CORP P/P 0.04%
OPORTUN FIN F-1 PFD CV P/P 0.03%
TREASURY BILL 00.0000 08/13/2019 0.02%
OPORTUN FIN F PFD CV P/P 0.01%
GLOBAL FASHION GRP P/P 0.01%
OPORTUN FIN D-1 PFD CV P/P 0.01%
OPORTUN FIN C-1 PFD CV P/P 0.00%
OPORTUN FIN E-1 PFD CV P/P 0.00%
OPORTUN FIN B-1 PFD CV P/P 0.00%
GBP/USD 09/18/2019 BCAP-FX 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
OPORTUN FIN A-1 PFD CV P/P 0.00%
GBP/USD 09/18/2019 BANKAM -0.00%
EUR/USD 09/18/2019 UBS -0.00%
EUR/USD 09/18/2019 SSBT -0.01%
EUR/USD 09/18/2019 JPMCB -0.02%

Prior top 10 holdings

Top 10 holdings as of 07/31/19
1: Microsoft Corp 7.01%
2: Visa 4.25%
3: Amazon.Com 3.99%
4: Apple 3.81%
5: Danaher Corp 3.39%
6: Adobe 3.25%
7: Unilever Nv 2.99%
8: Alphabet 2.75%
9: Novozymes A/S - B Shares 2.61%
10: Blackrock 2.50%
Holdings represent 36.55% of portfolio
Top 10 holdings as of 06/30/19
1: Microsoft Corp 6.90%
2: Visa 4.15%
3: Amazon.Com 4.06%
4: Adobe 3.59%
5: Apple 3.55%
6: Danaher Corp 3.45%
7: Unilever Nv 3.03%
8: Novozymes A/S - B Shares 2.63%
9: Blackrock 2.51%
10: Alphabet 2.45%
Holdings represent 36.32% of portfolio
Top 10 holdings as of 05/31/19
1: Microsoft Corp 6.73%
2: Visa 4.08%
3: Amazon.Com 4.02%
4: Adobe 3.49%
5: Danaher Corp 3.37%
6: Apple 3.32%
7: Unilever Nv 3.17%
8: Novozymes A/S - B Shares 2.80%
9: Alphabet 2.64%
10: Salesforce.Com 2.57%
Holdings represent 36.19% of portfolio
Top 10 holdings as of 04/30/19
1: Microsoft Corp 6.69%
2: Visa 4.46%
3: Amazon.Com 4.10%
4: Apple 3.58%
5: Adobe 3.50%
6: Unilever Nv 3.31%
7: Danaher Corp 3.18%
8: Alphabet 3.15%
9: Salesforce.Com 2.64%
10: Novozymes A/S - B Shares 2.62%
Holdings represent 37.23% of portfolio

Portfolio Composition as of 07/31/19

Common stock 98.41%
Cash and net other assets 1.38%
Convertible preferred stock 0.21%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. 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. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 07/31/19

Information technology 34.95%
Consumer discretionary 16.60%
Health care 11.52%
Financials 8.39%
Materials 7.79%
Consumer staples 7.34%
Industrials 6.93%
Communication services 3.36%
Utilities 1.74%
 
Other
1.38%
Cash and net other assets 1.38%