Putnam Capital Manager

Putnam Multi-Cap Core Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in stocks of U.S companies of all sizes. The subaccount is managed with no predetermined style bias; its portfolio may contain both growth and value stocks.

Sales story

Seeking opportunities across a wide range of stocks"Go anywhere" approach: The fund invests in stocks of U.S. companies of all sizes and has the flexibility to own both growth and value stocks.A disciplined process: The portfolio managers use a disciplined, fundamental investment process with three buckets of idea generation: legacy companies, smart-money indicators, and special situations.Research focus: Backed by an Equity Research team, the portfolio managers use their stock-picking expertise to identify opportunities and manage risk.

Management team

Lipper ranking ‡ as of 06/30/19

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 35% 39/112
1 yr. 88% 136/154
3 yrs. 38% 54/144
5 yrs. 72% 102/142

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

‡ 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 126
Turnover (fiscal year end) 34%
Net Assets $254M
Inception Date 05/01/98

Holdings

Top 10 holdings as of 06/30/19

Microsoft Corp 6.38%
Apple 4.52%
JPMorgan Chase 2.53%
Bank Of America Corp 2.51%
Cisco Systems 2.38%
Amazon.Com 2.28%
Alphabet 2.26%
Visa 1.86%
Walmart 1.85%
Citigroup 1.68%
Top 10 holdings, total: 28.25%

Prior top 10 holdings

Top 10 holdings as of 06/30/19
1: Microsoft Corp 6.38%
2: Apple 4.52%
3: JPMorgan Chase 2.53%
4: Bank Of America Corp 2.51%
5: Cisco Systems 2.38%
6: Amazon.Com 2.28%
7: Alphabet 2.26%
8: Visa 1.86%
9: Walmart 1.85%
10: Citigroup 1.68%
Holdings represent 28.25% of portfolio
Top 10 holdings as of 05/31/19
1: Microsoft Corp 6.24%
2: Apple 4.24%
3: JPMorgan Chase 2.62%
4: Alphabet 2.44%
5: Bank Of America Corp 2.44%
6: Cisco Systems 2.40%
7: Amazon.Com 2.27%
8: Visa 1.83%
9: Walmart 1.80%
10: Citigroup 1.58%
Holdings represent 27.86% of portfolio
Top 10 holdings as of 04/30/19
1: Microsoft Corp 6.00%
2: Apple 4.43%
3: JPMorgan Chase 2.62%
4: Bank Of America Corp 2.56%
5: Alphabet 2.40%
6: Cisco Systems 2.35%
7: Amazon 2.24%
8: Visa 1.70%
9: Walmart 1.66%
10: Citigroup 1.63%
Holdings represent 27.59% of portfolio
Top 10 holdings as of 03/31/19
1: Microsoft Corp 5.62%
2: Apple 4.34%
3: Alphabet 2.55%
4: JPMorgan Chase 2.47%
5: Bank Of America Corp 2.39%
6: Cisco Systems 2.35%
7: Amazon.Com 2.15%
8: Visa 1.68%
9: Walmart 1.63%
10: Amgen 1.52%
Holdings represent 26.70% of portfolio

Portfolio Composition as of 06/30/19

Common stock 98.14%
Cash and net other assets 1.86%

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.

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.The fund involves the risk that the stock prices of the companies in the portfolio will fall or will fail to rise. Many factors can adversely affect a stock's performance, including both general financial market conditions and factors related to a specific company or industry.

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.

Top Industry Sectors as of 06/30/19

Information technology 21.21%
Financials 16.78%
Health care 12.55%
Consumer discretionary 10.04%
Communication services 9.20%
Industrials 8.91%
Energy 6.46%
Consumer staples 5.80%
Real estate 2.63%
 
Other
6.42%
Utilities 2.46%
Materials 2.10%
Cash and net other assets 1.86%