Putnam Capital Manager

Putnam Growth Opportunities Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount invests in large U.S. companies with strong revenue and earnings growth prospects. Members of the management team target established companies that are believed to be leaders in their industries with the potential to grow rapidly. The fund's portfolio typically includes world-renowned businesses whose size and scale give them a competitive advantage.

Sales story

Seeking to harness the growth potential of large U.S. companiesSeeks above-average growth: The fund focuses on businesses that exhibit both a high level of growth and an above-average duration of growth.A thematic approach: The portfolio managers combine top-down investment themes with bottom-up research to select securities that can benefit from growth trends.Rigorous analysis: Backed by fundamental research, the managers focus on identifying management teams that act like owners.

Management team

Lipper ranking ‡ as of 04/30/20

Category: Large-Cap Growth Funds

  Percentile ranking Rank/Funds in category
10 yrs. 23% 34/152
1 yr. 11% 20/189
3 yrs. 5% 9/184
5 yrs. 15% 25/176

Risk Characteristics as of 04/30/20

Alpha (%) 3.01
Beta 0.94
R squared 0.98
Standard deviation (3 yrs.) 16.28

‡ 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 56
Turnover (fiscal year end) 40%
Net Assets $871M
Inception Date 02/01/00

Holdings

Microsoft Corp 10.69%
Amazon.Com 8.25%
Apple 7.93%
Alphabet 4.56%
Visa 3.52%
Paypal Holdings 3.27%
UnitedHealth Group 2.74%
Mastercard 2.55%
Adobe 2.48%
Nvidia Corp 2.31%
Top 10 holdings, total: 48.30%


Top 10 holdings as of 04/30/20
1: Microsoft Corp 10.69%
2: Amazon.Com 8.25%
3: Apple 7.93%
4: Alphabet 4.56%
5: Visa 3.52%
6: Paypal Holdings 3.27%
7: UnitedHealth Group 2.74%
8: Mastercard 2.55%
9: Adobe 2.48%
10: Nvidia Corp 2.31%
Holdings represent 48.30% of portfolio
Top 10 holdings as of 03/31/20
1: Microsoft Corp 10.61%
2: Apple 7.74%
3: Amazon.Com 7.63%
4: Alphabet 4.44%
5: Visa 3.58%
6: Paypal Holdings 2.97%
7: UnitedHealth Group 2.54%
8: Mastercard 2.52%
9: Adobe 2.52%
10: Salesforce.Com 2.41%
Holdings represent 46.96% of portfolio
Top 10 holdings as of 02/29/20
1: Microsoft Corp 9.81%
2: Apple 7.49%
3: Amazon.Com 6.54%
4: Alphabet 4.72%
5: Visa 3.74%
6: Paypal Holdings 3.02%
7: Mastercard 2.80%
8: Salesforce.Com 2.68%
9: Adobe 2.46%
10: Danaher Corp 2.27%
Holdings represent 45.53% of portfolio
Top 10 holdings as of 01/31/20
1: Microsoft Corp 9.97%
2: Apple 8.26%
3: Amazon.Com 6.26%
4: Alphabet 4.75%
5: Visa 3.96%
6: Salesforce.Com 3.04%
7: Paypal Holdings 2.99%
8: Mastercard 2.86%
9: Danaher Corp 2.48%
10: Adobe 2.35%
Holdings represent 46.92% of portfolio


Portfolio Composition as of 04/30/20

Common stock 99.08%
Cash and net other assets 0.92%

Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. 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. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. 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 41.83%
Consumer discretionary 16.25%
Health care 14.63%
Communication services 9.64%
Industrials 6.87%
Real estate 2.91%
Financials 2.86%
Consumer staples 2.16%
Materials 1.93%
 
Other
0.92%
Cash and net other assets 0.92%