Putnam Hartford Capital Manager

Putnam Voyager Subaccount

The subaccount seeks capital appreciation.

Fund Description

The subaccount invests primarily in stocks of large and midsize companies across a range of industries. It targets companies with sales and profits that Putnam believes are likely to grow faster than the overall economy. For more than 30 years, this flagship Putnam fund has targeted growing companies for investors seeking capital appreciation.

Sales Story

Targeting America's leading growth companiesLeading companies: The fund seeks capital appreciation for investors by investing in the growth potential of leading American companies.A focus on growth: The portfolio manager looks for situations where the market has underestimated the growth rate - or the sustainability of the growth rate - for a company, while also considering the stock's valuation.A rigorous process: The fund's experienced portfolio manager uses rigorous fundamental research to identify opportunities and manage risk.

Management team

‡ Lipper Ranking as of 03/31/14

Category: Large-Cap Growth-PCM

  Percentile ranking Rank/Funds in category
10 yrs. 46% 74/161
1 yr. 3% 7/235
3 yrs. 94% 206/219
5 yrs. 18% 35/203

Risk Characteristics as of 03/31/14

Alpha (%) -12.49
Beta 1.50
R Squared 0.92
Standard Deviation (3 yrs.) 19.78

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.