‡ 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.
Putnam Allstate Advisor Plus
Putnam International Equity Subaccount
The subaccount seeks capital appreciation.
Fund description
Formerly Putnam International Growth Subaccount. The name change does not reflect a shift in subaccount objective or strategy.The subaccount invests in large and midsize international stocks, targeting companies with established earnings growth that are priced below their fundamental worth. The fund has no bias toward growth or value. It offers access to a broad range of investment opportunities in many markets of the world.
Sales story
Pursuing the growth potential of overseas marketsEstablished companies: The fund invests in established large and midsize companies mainly in developed markets to benefit from opportunities unfolding outside the United States.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads international markets.Building competitive portfolios: The portfolio manager uses fundamental research as the cornerstone of the investment process. This research is supported by quantitative tools and macroeconomic analysis.
Management team
- Vivek Gandhi, CFA (Investing since 1994)
Daily pricing as of 05/22/20
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $9.562939 | $9.272733 |
| Unit Value Change | -0.077487 | -0.075174 |
Lipper ranking ‡ as of 04/30/20
Category: International Multi-Cp Core Fds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 14% | 6/43 |
| 1 yr. | 7% | 5/79 |
| 3 yrs. | 26% | 18/71 |
| 5 yrs. | 55% | 37/67 |
Quick facts as of 04/30/20
| Fiscal Year End | December |
| Asset Class | Putnam Allstate Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 63 |
| Turnover (fiscal year end) | 80% |
| Net Assets | $193M |
| Inception Date | 01/02/97 |
Performance
Performance as of 03/31/20
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -20.74% | -20.74% | -10.88% | -3.39% | -2.84% | 1.07% | 2.84% |
| Standardized | -27.08% | -27.08% | -18.01% | -6.04% | -4.03% | 1.07% | 2.84% |
| With optional enhanced death benefit | |||||||
| Unit Value | -20.77% | -20.77% | -11.02% | -3.53% | -2.98% | 0.92% | 2.68% |
| Standardized | -27.11% | -27.11% | -18.14% | -6.18% | -4.18% | 0.92% | 2.68% |
| Actual performance | |||||||
| Unit Value | -20.74% | -20.74% | -10.88% | -3.39% | -2.84% | 1.07% | -0.71% |
| Standardized | -27.08% | -27.08% | -18.01% | -6.04% | -4.03% | 1.07% | -0.71% |
| With optional enhanced death benefit | |||||||
| Unit Value | -20.77% | -20.77% | -11.02% | -3.53% | -2.98% | 0.92% | -0.86% |
| Standardized | -27.11% | -27.11% | -18.14% | -6.18% | -4.18% | 0.92% | -0.86% |
Annual Performance at NAV
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| 8.27% | -18.26% | 19.96% | 26.02% | -8.27% | -1.46% | -4.01% | 24.56% | -20.42% | 23.15% |
| With optional enhanced death benefit | |||||||||
| 8.10% | -18.39% | 19.78% | 25.83% | -8.41% | -1.61% | -4.16% | 24.37% | -20.54% | 22.97% |
Restated performance
Monthly as of 04/30/20 |
|
|---|---|
| Unit Value | 6.01% |
| Standardized | -1.99% |
YTD as of 05/22/20 |
|
|---|---|
| Unit Value | -16.12% |
| Standardized | -22.83% |
With optional enhanced death benefit
Monthly as of 04/30/20 |
|
|---|---|
| Unit Value | 6.00% |
| Standardized | -2.00% |
YTD as of 05/22/20 |
|
|---|---|
| Unit Value | -16.17% |
| Standardized | -22.88% |
Unit values and performance information shown apply to the specific annuity product listed, not the underlying Putnam Variable Trust fund. This information should not be used by investors who hold an interest in Putnam Variable Trust funds through a different annuity or other variable product. The unit values and performance of other variable products that offer Putnam Variable Trust funds may be higher or lower due to product charges and expenses or other factors.
Data is historical. Past performance is no guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units.
Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $30 contract maintenance fee. Additional riders and options for insurance-related charges will increase expenses and lower returns. Please see the prospectus for details. For a portion of the period, subaccounts may have limited expenses, without which returns would have been lower.
Variable annuities are long-term investments designed for retirement purposes. Putnam Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., Simsbury, CT.
Putnam Allstate variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company (Allstate Life); underwritten by Allstate Distributors, L.L.C., both of Northbrook, IL; and sold through registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state.
These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds. You may also call Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277. Read the prospectuses carefully before investing.
For the most recent month-end performance, please call Talcott Resolution at 1-800-521-0538 or Allstate at 1-800-390-1277.
Risk Characteristics as of 04/30/20
| Alpha (%) | -0.22 |
| Beta | 0.99 |
| R Squared | 0.95 |
| Standard Deviation (3 yrs.) | 15.04 |
Holdings
| Sony Corp | 3.45% |
| Prudential | 3.37% |
| Aia Group | 3.29% |
| Novartis Ag | 3.01% |
| Astrazeneca | 2.92% |
| Roche Holding Ag | 2.76% |
| Unilever Nv | 2.71% |
| Nintendo | 2.25% |
| Crh | 1.97% |
| Imperial Brands | 1.96% |
| Top 10 holdings, total: | 27.69% |
| Top 10 holdings as of 04/30/20 | |
|---|---|
| 1: Sony Corp | 3.45% |
| 2: Prudential | 3.37% |
| 3: Aia Group | 3.29% |
| 4: Novartis Ag | 3.01% |
| 5: Astrazeneca | 2.92% |
| 6: Roche Holding Ag | 2.76% |
| 7: Unilever Nv | 2.71% |
| 8: Nintendo | 2.25% |
| 9: Crh | 1.97% |
| 10: Imperial Brands | 1.96% |
| Holdings represent 27.69% of portfolio | |
| Top 10 holdings as of 03/31/20 | |
|---|---|
| 1: Novartis Ag | 3.91% |
| 2: Sony Corp | 3.74% |
| 3: Aia Group | 3.62% |
| 4: Prudential | 3.13% |
| 5: Unilever Nv | 2.80% |
| 6: Astrazeneca | 2.70% |
| 7: Nintendo | 2.47% |
| 8: Axa | 2.46% |
| 9: Samsung Electronics | 2.30% |
| 10: Hoya Corp | 2.27% |
| Holdings represent 29.40% of portfolio | |
| Top 10 holdings as of 02/29/20 | |
|---|---|
| 1: Novartis Ag | 3.33% |
| 2: Sony Corp | 3.29% |
| 3: Aia Group | 3.23% |
| 4: Prudential | 3.14% |
| 5: Veolia Environnement | 2.61% |
| 6: Axa | 2.59% |
| 7: Astrazeneca | 2.26% |
| 8: Samsung Electronics | 2.22% |
| 9: Kering | 2.20% |
| 10: Sse | 2.08% |
| Holdings represent 26.95% of portfolio | |
| Top 10 holdings as of 01/31/20 | |
|---|---|
| 1: Novartis Ag | 3.43% |
| 2: Sony Corp | 3.41% |
| 3: Aia Group | 3.00% |
| 4: Prudential | 3.00% |
| 5: Axa | 2.56% |
| 6: Veolia Environnement | 2.43% |
| 7: Astrazeneca | 2.31% |
| 8: Hoya Corp | 2.16% |
| 9: Kering | 2.15% |
| 10: Samsung Electronics | 2.11% |
| Holdings represent 26.56% of portfolio | |
| NOVARTIS AG-REG SEDOL 7103065 | 3.91% | SONY CORP SEDOL 6821506 | 3.74% | AIA GROUP LTD SEDOL B4TX8S1 | 3.62% | PRUDENTIAL PLC SEDOL 0709954 | 3.13% | UNILEVER NV SEDOL B1527V7 | 2.80% | ASTRAZENECA PLC SEDOL 0989529 | 2.70% | NINTENDO CO LTD SEDOL 6639550 | 2.47% | AXA SA SEDOL 7088429 | 2.46% | SAMSUNG ELECTRONICS-PREF SEDOL 6773812 | 2.30% | HOYA CORP SEDOL 6441506 | 2.27% | LONZA GROUP AG-REG SEDOL 7333378 | 2.22% | SCHNEIDER ELECTRIC SE SEDOL 4834108 | 2.16% | KERING SEDOL 5505072 | 2.13% | SSE PLC SEDOL 0790873 | 1.99% | VINCI SA SEDOL B1XH026 | 1.98% | VODAFONE GROUP PLC SEDOL BH4HKS3 | 1.97% | COMPASS GROUP PLC SEDOL BD6K457 | 1.96% | SEVEN & I HOLDINGS CO LTD SEDOL B0FS5D6 | 1.92% | SECOM CO LTD SEDOL 6791591 | 1.90% | SIG COMBIBLOC GROUP AG SEDOL BD5GN60 | 1.90% | TMX GROUP LTD SEDOL B8KH5G7 | 1.89% | KONINKLIJKE AHOLD DELHAIZE N SEDOL BD0Q398 | 1.88% | ADIDAS AG SEDOL 4031976 | 1.86% | CRH PLC SEDOL 4182249 | 1.86% | LINDE PLC SEDOL BYWD9S5 | 1.81% | NEXI SPA SEDOL BJ1F880 | 1.80% | NIPPON PROLOGIS REIT INC SEDOL B98BC67 | 1.79% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.75% | BARRY CALLEBAUT AG-REG SEDOL 5476929 | 1.72% | ANGLO AMER PLC SEDOL B1XZS82 | 1.72% | ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 1.72% | IMPERIAL BRANDS PLC SEDOL 0454492 | 1.70% | SUMITOMO MITSUI FINANCIAL GR SEDOL 6563024 | 1.65% | THALES SA SEDOL 4162791 | 1.59% | COCA-COLA HBC AG-DI SEDOL B9895B7 | 1.59% | PERNOD RICARD SA SEDOL 4682329 | 1.57% | ORSTED A/S SEDOL BYT16L4 | 1.55% | VEOLIA ENVIRONNEMENT SEDOL 4031879 | 1.50% | KERRY GROUP PLC-A SEDOL 4519579 | 1.50% | AKZO NOBEL N.V. SEDOL BJ2KSG2 | 1.38% | DNB NOR ASA SEDOL 4263304 | 1.37% | MINEBEA CO LTD SEDOL 6642406 | 1.35% | TOYOTA INDUSTRIES CORP SEDOL 6900546 | 1.33% | NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 1.29% | DASSAULT SYSTEMES SA SEDOL 5330047 | 1.28% | INTERCONTINENTAL HOTELS GROU SEDOL BHJYC05 | 1.19% | PROSUS NV SEDOL BJDS7L3 | 1.12% | COMPUGROUP MEDICAL SE SEDOL 5094536 | 1.11% | SOFTWARE AG SEDOL BF06WX9 | 1.02% | CHINA MOBILE LTD SEDOL 6073556 | 0.99% | LA FRANCAISE DES JE SEDOL BG0SC10 | 0.90% | ING GROEP NV-CVA SEDOL 7154182 | 0.79% | QUILTER PLC SEDOL BDCXV26 | 0.44% | CENOVUS ENERGY INC SEDOL B57FG04 | 0.22% | TREASURY BILL 00.0000 07/16/2020 | 0.17% | TREASURY BILL 00.0000 04/09/2020 | 0.15% | TREASURY BILL 00.0000 06/11/2020 | 0.11% | TREASURY BILL 00.0000 06/25/2020 | 0.08% | GBP/USD 06/17/2020 JPMCB | 0.07% | KRW/USD 05/20/2020 JPMCB | 0.07% | NOK/USD 06/17/2020 UBS | 0.07% | GBP/USD 06/17/2020 GSFX | 0.07% | TREASURY BILL 00.0000 07/23/2020 | 0.06% | TREASURY BILL 00.0000 07/09/2020 | 0.06% | TREASURY BILL 00.0000 09/03/2020 | 0.06% | JPY/USD 05/20/2020 BANKAM | 0.05% | GBP/USD 06/17/2020 CITI | 0.05% | NOK/USD 06/17/2020 HSBCB | 0.05% | GBP/USD 06/17/2020 UBS | 0.05% | NOK/USD 06/17/2020 JPMCB | 0.04% | JPY/USD 05/20/2020 JPMCB | 0.04% | JPY/USD 05/20/2020 UBS | 0.04% | EUR/USD 06/17/2020 UBS | 0.03% | CAD/USD 04/15/2020 CITI | 0.02% | CAD/USD 04/15/2020 GSFX | 0.02% | TREASURY BILL 00.0000 09/24/2020 | 0.02% | CAD/USD 04/15/2020 WPAC | 0.02% | JPY/USD 05/20/2020 HSBCB | 0.02% | TREASURY BILL 00.0000 04/07/2020 | 0.02% | CHF/USD 06/17/2020 JPMCB | 0.02% | JPY/USD 05/20/2020 GSFX | 0.02% | TREASURY BILL 00.0000 08/13/2020 | 0.02% | CAD/USD 04/15/2020 UBS | 0.02% | GBP/USD 06/17/2020 SSBT | 0.01% | SEK/USD 06/17/2020 HSBCB | 0.01% | NOK/USD 06/17/2020 BANKAM | 0.01% | DKK/USD 06/17/2020 HSBCB | 0.01% | SEK/USD 06/17/2020 GSFX | 0.01% | HKD/USD 05/20/2020 BCAP-FX | 0.00% | EUR/USD 06/17/2020 CITI | 0.00% | TREASURY BILL 00.0000 04/28/2020 | 0.00% | HC BRILLANT SERVICES GMBH P/P | 0.00% | HKD/USD 05/20/2020 HSBCB | 0.00% | NEW BIGFOOT OTHER ASSETS GMBH P/P | 0.00% | NEW MIDDLE EAST OTHER ASSETS GMBH P/P | 0.00% | EUR/USD 06/17/2020 SSBT | -0.00% | CNH/USD 05/20/2020 GSFX | -0.00% | DKK/USD 06/17/2020 CITI | -0.01% | ILS/USD 04/16/2020 SSBT | -0.02% | JPY/USD 05/20/2020 SSBT | -0.02% | AUD/USD 04/15/2020 JPMCB | -0.02% | NZD/USD 04/15/2020 CITI | -0.03% | EUR/USD 06/17/2020 BCAP-FX | -0.03% | CAD/USD 04/15/2020 JPMCB | -0.04% | AUD/USD 04/15/2020 SSBT | -0.04% | AUD/USD 04/15/2020 UBS | -0.05% | JPY/USD 05/20/2020 BCAP-FX | -0.05% | SGD/USD 05/20/2020 JPMCB | -0.06% | AUD/USD 04/15/2020 BCAP-FX | -0.07% | GBP/USD 06/17/2020 BCAP-FX | -0.10% | AUD/USD 04/15/2020 HSBCB | -0.11% | AUD/USD 04/15/2020 CITI | -0.13% | AUD/USD 04/15/2020 WPAC | -0.15% | SEK/USD 06/17/2020 JPMCB | -0.15% |
| SONY CORP SEDOL 6821506 | 3.24% | ASTRAZENECA PLC SEDOL 0989529 | 3.15% | AIA GROUP LTD SEDOL B4TX8S1 | 3.14% | NOVARTIS AG-REG SEDOL 7103065 | 3.08% | PRUDENTIAL PLC SEDOL 0709954 | 3.02% | AXA SA SEDOL 7088429 | 2.64% | KERING SEDOL 5505072 | 2.26% | HOYA CORP SEDOL 6441506 | 2.18% | VEOLIA ENVIRONNEMENT SEDOL 4031879 | 2.15% | UNILEVER NV SEDOL B1527V7 | 2.12% | SAMSUNG ELECTRONICS-PREF SEDOL 6773812 | 2.04% | ANGLO AMER PLC SEDOL B1XZS82 | 2.04% | ADIDAS AG SEDOL 4031976 | 1.99% | TOYOTA MOTOR CORP SEDOL 6900643 | 1.98% | ASHTEAD GROUP PLC SEDOL 0053673 | 1.96% | ASAHI GROUP HOLDINGS LTD SEDOL 6054409 | 1.83% | SUMITOMO MITSUI FINANCIAL GR SEDOL 6563024 | 1.83% | BARRY CALLEBAUT AG-REG SEDOL 5476929 | 1.83% | AIRBUS SE SEDOL 4012250 | 1.82% | CRH PLC SEDOL 4182249 | 1.81% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.78% | ORIX CORP SEDOL 6661144 | 1.75% | SIG COMBIBLOC GROUP AG SEDOL BD5GN60 | 1.74% | TMX GROUP LTD SEDOL B8KH5G7 | 1.74% | COCA-COLA HBC AG-DI SEDOL B9895B7 | 1.74% | ING GROEP NV-CVA SEDOL 7154182 | 1.73% | VINCI SA SEDOL B1XH026 | 1.71% | COMPASS GROUP PLC SEDOL BD6K457 | 1.69% | LONZA GROUP AG-REG SEDOL 7333378 | 1.66% | NINTENDO CO LTD SEDOL 6639550 | 1.57% | DASSAULT SYSTEMES SA SEDOL 5330047 | 1.56% | KONINKLIJKE AHOLD DELHAIZE N SEDOL BD0Q398 | 1.52% | QANTAS AIRWAYS LTD SEDOL 6710347 | 1.49% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.44% | ALCON INC SEDOL BJT1GR5 | 1.44% | IMPERIAL BRANDS PLC SEDOL 0454492 | 1.40% | LINDE PLC SEDOL BYWD9S5 | 1.39% | FORTUM OYJ SEDOL 5579550 | 1.36% | DNB NOR ASA SEDOL 4263304 | 1.36% | MITSUBISHI CORP SEDOL 6596785 | 1.31% | VODAFONE GROUP PLC SEDOL BH4HKS3 | 1.29% | SSE PLC SEDOL 0790873 | 1.29% | MINEBEA CO LTD SEDOL 6642406 | 1.28% | PERNOD RICARD SA SEDOL 4682329 | 1.26% | SEVEN & I HOLDINGS CO LTD SEDOL B0FS5D6 | 1.22% | ASSA ABLOY AB-B SEDOL BYPC1T4 | 1.17% | RHEINMETALL AG SEDOL 5334588 | 1.17% | DAIKIN INDUSTRIES LTD SEDOL 6250724 | 1.17% | COMPUGROUP MEDICAL SE SEDOL 5094536 | 1.12% | AKZO NOBEL N.V. SEDOL BJ2KSG2 | 1.11% | ASSOCIATED BRITISH FOODS PLC SEDOL 0673123 | 1.09% | BRITISH LAND CO PLC SEDOL 0136701 | 1.04% | YUM CHINA HOLDINGS INC SEDOL BYW4289 | 1.02% | KERRY GROUP PLC-A SEDOL 4519579 | 0.96% | LA FRANCAISE DES JE SEDOL BG0SC10 | 0.86% | NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 0.63% | KOBE BUSSAN CO LTD SEDOL B14RJB7 | 0.58% | M&G PLC SEDOL BKFB1C6 | 0.55% | NEXI SPA SEDOL BJ1F880 | 0.52% | QUILTER PLC SEDOL BDCXV26 | 0.50% | TREASURY BILL 00.0000 04/09/2020 | 0.12% | TREASURY BILL 00.0000 06/11/2020 | 0.08% | AUD/USD 01/15/2020 CITI | 0.05% | GBP/USD 03/18/2020 BCAP-FX | 0.04% | SEK/USD 03/18/2020 JPMCB | 0.02% | EUR/USD 03/18/2020 BCAP-FX | 0.02% | DKK/USD 03/18/2020 CITI | 0.02% | GLOBAL FASHION GRP P/P | 0.02% | NZD/USD 01/15/2020 CITI | 0.01% | AUD/USD 01/15/2020 SSBT | 0.01% | AUD/USD 01/15/2020 HSBCB | 0.01% | CAD/USD 01/15/2020 JPMCB | 0.01% | SGD/USD 02/19/2020 JPMCB | 0.01% | HKD/USD 02/19/2020 BCAP-FX | 0.01% | JPY/USD 02/19/2020 BCAP-FX | 0.01% | AUD/USD 01/15/2020 BCAP-FX | 0.00% | EUR/USD 03/18/2020 JPMCB | 0.00% | ILS/USD 01/15/2020 SSBT | 0.00% | AUD/USD 01/15/2020 JPMCB | 0.00% | EUR/USD 03/18/2020 WPAC | 0.00% | EUR/USD 03/18/2020 UBS | 0.00% | HC BRILLANT SERVICES GMBH P/P | 0.00% | JPY/USD 02/19/2020 UBS | 0.00% | NEW BIGFOOT OTHER ASSETS GMBH P/P | 0.00% | NEW MIDDLE EAST OTHER ASSETS GMBH P/P | 0.00% | CAD/USD 01/15/2020 UBS | -0.00% | GBP/USD 03/18/2020 UBS | -0.00% | NOK/USD 03/18/2020 JPMCB | -0.00% | JPY/USD 02/19/2020 BANKAM | -0.00% | JPY/USD 02/19/2020 JPMCB | -0.00% | KRW/USD 02/19/2020 JPMCB | -0.00% | EUR/USD 03/18/2020 CITI | -0.01% | GBP/USD 03/18/2020 BANKAM | -0.01% | CNH/USD 02/19/2020 HSBCB | -0.01% | NOK/USD 03/18/2020 HSBCB | -0.02% | GBP/USD 03/18/2020 CITI | -0.02% | GBP/USD 03/18/2020 GSFX | -0.03% | GBP/USD 03/18/2020 JPMCB | -0.03% | CHF/USD 03/18/2020 JPMCB | -0.04% |
Portfolio Composition as of 04/30/20
| Common stock | 95.61% |
| Cash and net other assets | 2.66% |
| Preferred stock | 1.73% |
Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments focused in a single region may be affected by common economic forces and other factors. In addition, events in any one country within the region may impact the other countries or the region as a whole. Because the fund currently, and may in the future, invest significantly in European companies, the fund is particularly susceptible to economic, political, regulatory, or other events or conditions affecting issuers in Europe. European financial markets have in recent years experienced increased volatility due to concerns with some countries’ high levels of sovereign debt, budget deficits, and unemployment. 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. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. 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
| Financials | 15.39% |
|---|---|
| Health care | 14.63% |
| Consumer staples | 14.49% |
| Consumer discretionary | 12.78% |
| Materials | 10.02% |
| Industrials | 8.68% |
| Communication services | 8.68% |
| Information technology | 7.99% |
| Utilities | 2.97% |
| Other | 4.37% |
0
Country Allocation as of 04/30/20
| Japan | 20.26% |
|---|---|
| United Kingdom | 17.69% |
| Switzerland | 12.12% |
| France | 10.78% |
| Netherlands | 9.72% |
| Germany | 7.47% |
| Ireland | 3.67% |
| Hong Kong | 3.29% |
| Cash and net other assets | 2.66% |
| Other | 12.34% |
0
Expenses
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
CDSC
| Year | Percent |
|---|---|
| 1 | 8.00% |
| 2 | 8.00% |
| 3 | 8.00% |
| 4 | 7.00% |
| 5 | 6.00% |
| 6 | 5.00% |
| 7 | 4.00% |
| 8 | 3.00% |
| 9+ | 0.00% |