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 04/30/20

Category: Large-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 50% 54/109
1 yr. 68% 102/151
3 yrs. 74% 107/145
5 yrs. 78% 108/139

‡ 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 04/30/20

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 138
Turnover (fiscal year end) 24%
Net Assets $221M
Inception Date 05/01/98

Holdings

Microsoft Corp 8.46%
Apple 6.29%
Amazon.Com 3.65%
Alphabet 3.16%
Bank Of America Corp 2.61%
JPMorgan Chase 2.29%
Amgen 2.07%
Cisco Systems 1.86%
Walmart 1.85%
Berkshire Hathaway 1.81%
Top 10 holdings, total: 34.05%


Top 10 holdings as of 04/30/20
1: Microsoft Corp 8.46%
2: Apple 6.29%
3: Amazon.Com 3.65%
4: Alphabet 3.16%
5: Bank Of America Corp 2.61%
6: JPMorgan Chase 2.29%
7: Amgen 2.07%
8: Cisco Systems 1.86%
9: Walmart 1.85%
10: Berkshire Hathaway 1.81%
Holdings represent 34.05% of portfolio
Top 10 holdings as of 03/31/20
1: Microsoft Corp 8.87%
2: Apple 6.66%
3: Amazon.Com 3.25%
4: Alphabet 3.14%
5: Bank Of America Corp 2.52%
6: JPMorgan Chase 2.43%
7: Walmart 2.07%
8: Visa 2.06%
9: Berkshire Hathaway 2.00%
10: Cisco Systems 1.98%
Holdings represent 34.98% of portfolio
Top 10 holdings as of 02/29/20
1: Microsoft Corp 7.82%
2: Apple 6.09%
3: Alphabet 2.94%
4: Amazon.Com 2.66%
5: JPMorgan Chase 2.66%
6: Bank Of America Corp 2.36%
7: Visa 1.97%
8: Walmart 1.82%
9: Cisco Systems 1.72%
10: Amgen 1.71%
Holdings represent 31.75% of portfolio
Top 10 holdings as of 01/31/20
1: Microsoft Corp 7.54%
2: Apple 6.21%
3: Alphabet 2.85%
4: JPMorgan Chase 2.74%
5: Amazon.Com 2.52%
6: Bank Of America Corp 2.50%
7: Visa 1.99%
8: Cisco Systems 1.95%
9: Walmart 1.79%
10: Amgen 1.68%
Holdings represent 31.77% of portfolio


Portfolio Composition as of 04/30/20

Common stock 98.72%
Cash and net other assets 1.28%

Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. You can lose money by investing in the fund. 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 04/30/20

Information technology 26.21%
Health care 15.07%
Financials 13.35%
Consumer discretionary 10.97%
Communication services 8.68%
Industrials 7.36%
Consumer staples 6.46%
Energy 3.27%
Real estate 2.83%
 
Other
5.80%
Materials 2.32%
Utilities 2.20%
Cash and net other assets 1.28%