Putnam Hartford Capital Manager

Putnam Multi-Cap Growth 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

A flexible approach to seeking companies growing faster than the marketFlexibility: The fund's portfolio manager can invest in companies of all sizes.A growth strategy: The fund targets stocks of companies that are believed to offer above-average growth potential.A rigorous process: Supported by a strong research team, the fund's manager uses his stock-picking expertise and multiple resources to identify opportunities and manage risk.

Management team

‡ Lipper Ranking as of 03/31/14

Category: Multi-Cap Growth-PCM

  Percentile ranking Rank/Funds in category
10 yrs. 65% 42/64
1 yr. 34% 32/95
3 yrs. 51% 44/86
5 yrs. 66% 55/83

Risk Characteristics as of 03/31/14

Alpha (%) -4.36
Beta 1.22
R Squared 0.96
Standard Deviation (3 yrs.) 16.04

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.

You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.

‡ 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.