‡ 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 Advisor Plus
Putnam Small Cap Growth Subaccount
The subaccount seeks long-term growth of capital.
Fund description
The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.
Sales story
Seeking opportunities in small and midsize companiesSmaller companies Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.
Management team
- Kathryn B. Lakin (Investing since 2008)
- Joshua H. Fillman (Investing since 2007)
- Elizabeth C. McGuire (Investing since 2014)
- William C. Rives, CFA (Investing since 2013)
Daily pricing as of 06/24/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $40.069385 | $38.920675 |
| Unit Value Change | 1.429403 | 1.388276 |
Lipper ranking ‡ as of 02/28/22
Category: Small-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 80% | 70/87 |
| 1 yr. | 35% | 35/100 |
| 3 yrs. | 5% | 4/99 |
| 5 yrs. | 55% | 53/97 |
Quick facts as of 02/28/22
| Fiscal Year End | December |
| Asset Class | Putnam Advisor Plus |
| Subaccount Status | Open to new investors |
| Number of issues | 86 |
| Turnover (fiscal year end) | 53% |
| Net Assets | $33M |
| Inception Date | 05/01/03 |
Performance
Performance as of 03/31/22
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | -16.10% | -16.10% | -8.46% | 15.96% | 10.39% | 8.90% | 8.61% |
| Standardized | -22.81% | -22.81% | -15.79% | 13.94% | 9.57% | 8.90% | 8.61% |
| With optional enhanced death benefit | |||||||
| Unit Value | -16.13% | -16.13% | -8.60% | 15.78% | 10.22% | 8.73% | 8.44% |
| Standardized | -22.84% | -22.84% | -15.91% | 13.76% | 9.40% | 8.73% | 8.44% |
| Actual performance | |||||||
| Unit Value | -16.10% | -16.10% | -8.46% | 15.96% | 10.39% | 8.90% | 8.61% |
| Standardized | -22.81% | -22.81% | -15.79% | 13.94% | 9.57% | 8.90% | 8.61% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 12.53% | 31.95% | 5.34% | -9.09% | 13.68% | 6.21% | -15.23% | 35.25% | 46.00% | 12.05% |
| With optional enhanced death benefit | |||||||||
| 12.36% | 31.75% | 5.18% | -9.23% | 13.51% | 6.05% | -15.35% | 35.05% | 45.78% | 11.88% |
Restated performance
Monthly as of 05/31/22 |
|
|---|---|
| Unit Value | -0.96% |
| Standardized | -8.88% |
YTD as of 06/24/22 |
|
|---|---|
| Unit Value | -29.51% |
| Standardized | -35.15% |
With optional enhanced death benefit
Monthly as of 05/31/22 |
|
|---|---|
| Unit Value | -0.97% |
| Standardized | -8.89% |
YTD as of 06/24/22 |
|
|---|---|
| Unit Value | -29.56% |
| Standardized | -35.20% |
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.
Holdings
| Tfi International | 3.04% |
| R1 Rcm | 2.67% |
| Colliers International Group | 2.58% |
| Boot Barn Holdings | 2.54% |
| Verra Mobility Corp | 2.29% |
| Nova | 2.22% |
| Conmed Corp | 2.20% |
| Willscot Mobile Mini Holdings Corp | 2.16% |
| Inmode | 2.14% |
| Churchill Downs | 2.05% |
| Top 10 holdings, total: | 23.89% |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| 1: Tfi International | 3.04% |
| 2: R1 Rcm | 2.67% |
| 3: Colliers International Group | 2.58% |
| 4: Boot Barn Holdings | 2.54% |
| 5: Verra Mobility Corp | 2.29% |
| 6: Nova | 2.22% |
| 7: Conmed Corp | 2.20% |
| 8: Willscot Mobile Mini Holdings Corp | 2.16% |
| 9: Inmode | 2.14% |
| 10: Churchill Downs | 2.05% |
| Holdings represent 23.89% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| 1: Tfi International | 2.84% |
| 2: Colliers International Group | 2.73% |
| 3: Boot Barn Holdings | 2.67% |
| 4: Nova | 2.50% |
| 5: Inmode | 2.41% |
| 6: R1 Rcm | 2.33% |
| 7: Willscot Mobile Mini Holdings Corp | 2.24% |
| 8: Medpace Holdings | 2.23% |
| 9: Verra Mobility Corp | 2.15% |
| 10: Techtarget | 2.14% |
| Holdings represent 24.24% of portfolio | |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Boot Barn Holdings | 3.10% |
| 2: Inmode | 3.09% |
| 3: Tfi International | 2.79% |
| 4: Nova | 2.61% |
| 5: Colliers International Group | 2.36% |
| 6: Medpace Holdings | 2.31% |
| 7: R1 Rcm | 2.11% |
| 8: Willscot Mobile Mini Holdings Corp | 2.09% |
| 9: Techtarget | 2.08% |
| 10: Hamilton Lane | 2.08% |
| Holdings represent 24.62% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Inmode | 3.50% |
| 2: Boot Barn Holdings | 3.12% |
| 3: Tfi International | 2.61% |
| 4: Nova | 2.42% |
| 5: Colliers International Group | 2.26% |
| 6: Hamilton Lane | 2.24% |
| 7: Medpace Holdings | 2.23% |
| 8: Techtarget | 2.22% |
| 9: R1 Rcm | 2.08% |
| 10: Montrose Environmental Group | 2.06% |
| Holdings represent 24.74% of portfolio | |
| TFI INTERNATIONAL INC SEDOL BDRXBF4 | 2.96% | BOOT BARN HOLDINGS INC SEDOL BRS6600 | 2.70% | R1 RCM INC SEDOL BD8PMK1 | 2.57% | COLLIERS INTERNATIONAL GROUP SEDOL BYL7SB4 | 2.40% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 2.32% | NOVA LTD SEDOL 2577740 | 2.29% | CONMED CORP SEDOL 2216010 | 2.27% | MEDPACE HOLDINGS INC SEDOL BDCBC61 | 2.09% | TECHTARGET SEDOL B1XH822 | 2.08% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 2.07% | MANHATTAN ASSOCIATES INC SEDOL 2239471 | 2.03% | KINSALE CAPITAL GROUP INC SEDOL BD1MGQ3 | 1.94% | CHURCHILL DOWNS INC SEDOL 2194105 | 1.87% | WNS HOLDINGS LTD-ADR SEDOL B194GX4 | 1.82% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 1.81% | NOVANTA INC SEDOL BD8S5H8 | 1.78% | FIVE BELOW SEDOL B85KFY9 | 1.78% | PLANET FITNESS INC - CL A SEDOL BYSFJV8 | 1.76% | INMODE LTD SEDOL BK5Z9R9 | 1.75% | PAYLOCITY HOLDING CORP SEDOL BKM4N88 | 1.70% | PERFICIENT INC SEDOL 2442547 | 1.70% | MONTROSE ENVIRONMENTAL GROUP SEDOL BLCB610 | 1.68% | RBC BEARINGS INC SEDOL B0GLYB5 | 1.65% | PERFORMANCE FOOD GROUP CO SEDOL BYVYD43 | 1.64% | KORN FERRY SEDOL 2386849 | 1.59% | SAIA INC SEDOL 2982399 | 1.58% | SPS COMMERCE INC SEDOL B57VWJ3 | 1.56% | LITTELFUSE INC SEDOL 2531832 | 1.54% | HAMILTON LANE INC-CLASS A SEDOL BF0SR29 | 1.46% | ZIFF DAVIS INC SEDOL B75DGJ3 | 1.45% | HALOZYME THERAPEUTICS INC SEDOL 2975098 | 1.43% | LITHIA MOTORS INC SEDOL 2515030 | 1.39% | SERVISFIRST BANCSHARES INC SEDOL BMH0MP5 | 1.36% | ONTO INNOVATION INC SEDOL BKZ7N95 | 1.25% | BIOHAVEN PHARMACEUTICAL HOLD SEDOL BZ8FXC4 | 1.21% | AXONICS INC SEDOL BGDQ8B3 | 1.17% | MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 1.15% | RAPID7 INC SEDOL BZ22CY6 | 1.14% | CHAMPIONX CORP SEDOL BMW7N69 | 1.13% | APPLIED INDUSTRIAL TECH INC SEDOL 2086309 | 1.13% | EVERI HOLDINGS INC SEDOL BYV34V4 | 1.12% | BRINK'S CO/THE SEDOL 2691305 | 1.00% | CABLE ONE INC SEDOL BZ07DS4 | 0.98% | BANCORP INC/THE SEDOL B05BRL7 | 0.98% | DIGITAL TURBINE INC SEDOL BVFNZL6 | 0.97% | MATADOR RESOURCES CO SEDOL B7MSLL8 | 0.97% | OMNICELL INC SEDOL 2789523 | 0.91% | SYNAPTICS INC SEDOL 2839268 | 0.90% | ULTRA CLEAN HOLDINGS INC SEDOL B00G0F2 | 0.89% | RYMAN HOSPITALITY PROPERTIES SEDOL B8QV5C9 | 0.88% | CYTOKINETICS INC SEDOL BBBSBJ5 | 0.85% | EMCOR GROUP INC SEDOL 2474164 | 0.79% | WORKIVA INC SEDOL BSS6HY8 | 0.76% | SURGERY PARTNERS INC SEDOL BYTC1B2 | 0.73% | DECKERS OUTDOOR CORP SEDOL 2267278 | 0.73% | SITEONE LANDSCAPE SUPPLY INC SEDOL BYQ7X81 | 0.71% | ACCEL ENTERTAINMENT INC SEDOL BK7FYL6 | 0.69% | ASCENDIS PHARMA A/S - ADR SEDOL BV9G6B8 | 0.69% | REVOLVE GROUP INC SEDOL BJ1FD74 | 0.66% | KONTOOR BRANDS INC SEDOL BJTJGC4 | 0.64% | ALTRA INDUSTRIAL MOTION CORP SEDOL B1L82T2 | 0.63% | SPROUT SOCIAL INC - CLASS A SEDOL BKTNTS0 | 0.61% | RANPAK HOLDINGS CORP SEDOL BKBQD30 | 0.61% | INSMED INC SEDOL 2614487 | 0.60% | ATRICURE INC SEDOL B0C8KV2 | 0.59% | OPTION CARE HEALTH INC SEDOL BKM5C62 | 0.56% | PERIMETER SOLUTIONS SA SEDOL BP8KZH8 | 0.56% | PACIRA BIOSCIENCES INC SEDOL B3X26D8 | 0.52% | LIBERTY OILFIELD SERVICES -A SEDOL BDCWFT8 | 0.51% | WALKER & DUNLOP INC SEDOL B4TZV44 | 0.51% | F45 TRAINING HOLDINGS INC SEDOL BL53KF5 | 0.49% | SM ENERGY CO SEDOL 2764188 | 0.49% | STEPSTONE GROUP INC-CLASS A SEDOL BLFDXF6 | 0.49% | AZEK CO INC/THE SEDOL BKPVG43 | 0.47% | HEALTH CATALYST INC SEDOL BKLCX50 | 0.44% | REPLIGEN CORP SEDOL 2731654 | 0.43% | ANTARES PHARMA INC SEDOL 2383163 | 0.39% | INTELLIA THERAPEUTICS INC SEDOL BYZM6C2 | 0.38% | CASELLA WASTE SYSTEMS INC-A SEDOL 2120490 | 0.36% | STAAR SURGICAL CO SEDOL 2836292 | 0.32% | MP MATERIALS CORP SEDOL BN15Y35 | 0.29% | SILVERGATE CAPITAL CORP-CL A SEDOL BJ1DBR4 | 0.28% | ORION ENGINEERED CARBONS SA SEDOL BP8FKJ0 | 0.28% | H AND E EQUIPMENT SERVICES INC | 0.25% | DENALI THERAPEUTICS INC SEDOL BD2B4V0 | 0.24% | ADVANCED DRAINAGE SYSTEMS IN SEDOL BP7RS59 | 0.10% |
| BOOT BARN HOLDINGS INC SEDOL BRS6600 | 3.10% | INMODE LTD SEDOL BK5Z9R9 | 3.09% | TFI INTERNATIONAL INC SEDOL BDRXBF4 | 2.79% | NOVA LTD SEDOL 2577740 | 2.61% | COLLIERS INTERNATIONAL GROUP SEDOL BYL7SB4 | 2.36% | MEDPACE HOLDINGS INC SEDOL BDCBC61 | 2.31% | R1 RCM INC SEDOL BD8PMK1 | 2.11% | WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 2.09% | TECHTARGET SEDOL B1XH822 | 2.08% | HAMILTON LANE INC-CLASS A SEDOL BF0SR29 | 2.08% | SAIA INC SEDOL 2982399 | 1.99% | FIVE BELOW SEDOL B85KFY9 | 1.95% | NOVANTA INC SEDOL BD8S5H8 | 1.94% | MANHATTAN ASSOCIATES INC SEDOL 2239471 | 1.89% | MONTROSE ENVIRONMENTAL GROUP SEDOL BLCB610 | 1.88% | CONMED CORP SEDOL 2216010 | 1.80% | VERRA MOBILITY CORP SEDOL BFXX5X8 | 1.77% | CHURCHILL DOWNS INC SEDOL 2194105 | 1.73% | AZEK CO INC/THE SEDOL BKPVG43 | 1.72% | KINSALE CAPITAL GROUP INC SEDOL BD1MGQ3 | 1.68% | PAYLOCITY HOLDING CORP SEDOL BKM4N88 | 1.62% | LITTELFUSE INC SEDOL 2531832 | 1.61% | SPS COMMERCE INC SEDOL B57VWJ3 | 1.54% | KORN FERRY SEDOL 2386849 | 1.54% | PERFICIENT INC SEDOL 2442547 | 1.47% | WNS HOLDINGS LTD-ADR SEDOL B194GX4 | 1.47% | RBC BEARINGS INC SEDOL B0GLYB5 | 1.42% | ZIFF DAVIS INC SEDOL B75DGJ3 | 1.37% | HALOZYME THERAPEUTICS INC SEDOL 2975098 | 1.32% | SITEONE LANDSCAPE SUPPLY INC SEDOL BYQ7X81 | 1.28% | BIOHAVEN PHARMACEUTICAL HOLD SEDOL BZ8FXC4 | 1.21% | DIGITAL TURBINE INC SEDOL BVFNZL6 | 1.21% | ONTO INNOVATION INC SEDOL BKZ7N95 | 1.21% | PERFORMANCE FOOD GROUP CO SEDOL BYVYD43 | 1.16% | BROOKS AUTOMATION INC | 1.15% | LITHIA MOTORS INC SEDOL 2515030 | 1.14% | RANPAK HOLDINGS CORP SEDOL BKBQD30 | 1.12% | CABLE ONE INC SEDOL BZ07DS4 | 1.07% | ALTRA INDUSTRIAL MOTION CORP SEDOL B1L82T2 | 1.07% | ULTRA CLEAN HOLDINGS INC SEDOL B00G0F2 | 1.00% | RAPID7 INC SEDOL BZ22CY6 | 1.00% | INSTALLED BUILDING PRODUCTS SEDOL BJSP4C9 | 0.98% | REPLIGEN CORP SEDOL 2731654 | 0.96% | APPLIED INDUSTRIAL TECH INC SEDOL 2086309 | 0.94% | NATERA INC SEDOL BYQRG48 | 0.94% | PATRICK INDUSTRIES INC SEDOL 2673154 | 0.89% | CYTOKINETICS INC SEDOL BBBSBJ5 | 0.88% | INGEVITY CORP SEDOL BD4LHG4 | 0.87% | AXONICS INC SEDOL BGDQ8B3 | 0.87% | PLANET FITNESS INC - CL A SEDOL BYSFJV8 | 0.86% | WINGSTOP INC SEDOL BYYXHN4 | 0.85% | DECKERS OUTDOOR CORP SEDOL 2267278 | 0.85% | EVERI HOLDINGS INC SEDOL BYV34V4 | 0.82% | BRINK'S CO/THE SEDOL 2691305 | 0.80% | CROCS INC SEDOL B0T7Z62 | 0.79% | JOHN BEAN TECHNOLOGIES CORP SEDOL B3BRJZ8 | 0.77% | SERVISFIRST BANCSHARES INC SEDOL BMH0MP5 | 0.74% | SYNAPTICS INC SEDOL 2839268 | 0.74% | CHAMPIONX CORP SEDOL BMW7N69 | 0.73% | LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 0.73% | SPROUT SOCIAL INC - CLASS A SEDOL BKTNTS0 | 0.72% | REVOLVE GROUP INC SEDOL BJ1FD74 | 0.71% | RH SEDOL BYXR425 | 0.71% | WORKIVA INC SEDOL BSS6HY8 | 0.70% | ASCENDIS PHARMA A/S - ADR SEDOL BV9G6B8 | 0.65% | HEALTH CATALYST INC SEDOL BKLCX50 | 0.62% | ACCEL ENTERTAINMENT INC SEDOL BK7FYL6 | 0.61% | STEPSTONE GROUP INC-CLASS A SEDOL BLFDXF6 | 0.61% | OPEN LENDING CORP - CL A SEDOL BMTD3M6 | 0.60% | KONTOOR BRANDS INC SEDOL BJTJGC4 | 0.59% | INSMED INC SEDOL 2614487 | 0.58% | ORION ENGINEERED CARBONS SA SEDOL BP8FKJ0 | 0.54% | ATRICURE INC SEDOL B0C8KV2 | 0.52% | PERIMETER SOLUTIONS SA SEDOL BP8KZH8 | 0.50% | INTELLIA THERAPEUTICS INC SEDOL BYZM6C2 | 0.50% | PHREESIA INC SEDOL BKF9DQ8 | 0.48% | VERACYTE INC SEDOL BFTWZY0 | 0.44% | F45 TRAINING HOLDINGS INC SEDOL BL53KF5 | 0.41% | OMNICELL INC SEDOL 2789523 | 0.35% | DENALI THERAPEUTICS INC SEDOL BD2B4V0 | 0.34% | CASTLE BIOSCIENCES INC SEDOL BKLCWZ3 | 0.34% | DIGITALOCEAN HOLDINGS INC SEDOL BNC23Q1 | 0.33% | BEAUTY HEALTH CO/THE SEDOL BNQQ6C6 | 0.31% | STAAR SURGICAL CO SEDOL 2836292 | 0.30% | ANTARES PHARMA INC SEDOL 2383163 | 0.28% | PACIFIC BIOSCIENCES OF CALIF SEDOL B4N8MH9 | 0.28% | DEFINITIVE HEALTHCARE CORP SEDOL BMGSDK2 | 0.27% | TURNING POINT THERAPEUTICS I SEDOL BJXBP30 | 0.26% | SILVERGATE CAPITAL CORP-CL A SEDOL BJ1DBR4 | 0.23% |
Portfolio Composition as of 02/28/22
| Common stock | 99.64% |
| Cash and net other assets | 0.36% |
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 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. These risks are generally greater for small and midsize companies. 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. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. 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.
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% |