‡ 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 Large Cap Value Subaccount
The subaccount seeks capital growth and current income.
Fund description
The subaccount employs Putnam's value strategy, investing primarily in stocks of large companies with underappreciated fundamentals and income potential from growing dividends. The portfolio managers pursue returns for investors across the U.S. equity universe.
Sales story
A multidimensional approach to value investingA relative-value focus The fund focuses on large companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.Dividend growth The fund places a distinct emphasis on companies that can grow their dividends and are able and willing to return cash to shareholders.A disciplined process The portfolio managers invest using fundamental research and quantitative tools supported by strong risk controls in portfolio construction.
Management team
- Darren A. Jaroch, CFA (Investing since 1996)
- Lauren B. DeMore, CFA (Investing since 2002)
Daily pricing as of 06/27/22
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $44.533337 | $43.256301 |
| Unit Value Change | 0.063779 | 0.061418 |
Lipper ranking ‡ as of 02/28/22
Category: Large-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 18% | 12/66 |
| 1 yr. | 39% | 30/76 |
| 3 yrs. | 20% | 15/76 |
| 5 yrs. | 14% | 10/71 |
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 | 78 |
| Turnover (fiscal year end) | 20% |
| Net Assets | $1,662M |
| 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 | 0.05% | 0.05% | 13.12% | 14.52% | 11.07% | 11.05% | 8.77% |
| Standardized | -7.95% | -7.95% | 5.12% | 12.45% | 10.27% | 11.05% | 8.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.01% | 0.01% | 12.95% | 14.34% | 10.90% | 10.89% | 8.61% |
| Standardized | -7.99% | -7.99% | 4.95% | 12.27% | 10.10% | 10.89% | 8.61% |
| Actual performance | |||||||
| Unit Value | 0.05% | 0.05% | 13.12% | 14.52% | 11.07% | 11.05% | 8.77% |
| Standardized | -7.95% | -7.95% | 5.12% | 12.45% | 10.27% | 11.05% | 8.77% |
| With optional enhanced death benefit | |||||||
| Unit Value | -- | -- | -- | -- | -- | -- | -- |
| Standardized | -- | -- | -- | -- | -- | -- | -- |
Annual Performance at NAV
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 17.39% | 30.30% | 10.86% | -4.59% | 11.83% | 16.88% | -9.96% | 28.32% | 4.11% | 25.27% |
| With optional enhanced death benefit | |||||||||
| 17.21% | 30.10% | 10.69% | -4.74% | 11.66% | 16.70% | -10.10% | 28.13% | 3.95% | 25.08% |
Restated performance
Monthly as of 05/31/22 |
|
|---|---|
| Unit Value | 2.44% |
| Standardized | -5.56% |
YTD as of 06/27/22 |
|
|---|---|
| Unit Value | -9.22% |
| Standardized | -16.48% |
With optional enhanced death benefit
Monthly as of 05/31/22 |
|
|---|---|
| Unit Value | 2.42% |
| Standardized | -5.58% |
YTD as of 06/27/22 |
|
|---|---|
| Unit Value | -9.28% |
| Standardized | -16.54% |
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 02/28/22
| Alpha (%) | 3.44 |
| Beta | 0.99 |
| R Squared | 0.99 |
| Standard Deviation (3 yrs.) | 18.67 |
Holdings
| Bank Of America Corp | 3.64% |
| Microsoft Corp | 3.43% |
| JPMorgan Chase | 2.87% |
| Walmart | 2.61% |
| Northrop Grumman Corp | 2.60% |
| ConocoPhillips | 2.36% |
| Citigroup | 2.33% |
| AbbVie | 2.25% |
| Freeport-Mcmoran | 2.15% |
| Regeneron Pharmaceuticals | 2.00% |
| Top 10 holdings, total: | 26.26% |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| 1: Bank Of America Corp | 3.64% |
| 2: Microsoft Corp | 3.43% |
| 3: JPMorgan Chase | 2.87% |
| 4: Walmart | 2.61% |
| 5: Northrop Grumman Corp | 2.60% |
| 6: ConocoPhillips | 2.36% |
| 7: Citigroup | 2.33% |
| 8: AbbVie | 2.25% |
| 9: Freeport-Mcmoran | 2.15% |
| 10: Regeneron Pharmaceuticals | 2.00% |
| Holdings represent 26.26% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| 1: Bank Of America Corp | 3.75% |
| 2: Microsoft Corp | 3.52% |
| 3: JPMorgan Chase | 2.97% |
| 4: Walmart | 2.67% |
| 5: Citigroup | 2.53% |
| 6: ConocoPhillips | 2.18% |
| 7: Northrop Grumman Corp | 2.15% |
| 8: AbbVie | 2.06% |
| 9: Regeneron Pharmaceuticals | 1.95% |
| 10: Anthem | 1.87% |
| Holdings represent 25.65% of portfolio | |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Microsoft Corp | 3.75% |
| 2: Bank Of America Corp | 3.56% |
| 3: JPMorgan Chase | 3.11% |
| 4: Walmart | 2.72% |
| 5: Citigroup | 2.31% |
| 6: Northrop Grumman Corp | 2.21% |
| 7: AbbVie | 2.01% |
| 8: Regeneron Pharmaceuticals | 1.99% |
| 9: General Motors | 1.96% |
| 10: Anthem | 1.93% |
| Holdings represent 25.55% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Microsoft Corp | 3.86% |
| 2: Bank Of America Corp | 3.73% |
| 3: JPMorgan Chase | 3.27% |
| 4: Walmart | 2.77% |
| 5: Citigroup | 2.55% |
| 6: Regeneron Pharmaceuticals | 2.10% |
| 7: Northrop Grumman Corp | 2.09% |
| 8: General Motors | 2.03% |
| 9: Goldman Sachs Group The | 1.99% |
| 10: Qualcomm | 1.89% |
| Holdings represent 26.28% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 3.45% | BANK OF AMERICA CORP SEDOL 2295677 | 3.31% | WALMART INC SEDOL 2936921 | 2.81% | JPMORGAN CHASE & CO SEDOL 2190385 | 2.69% | NORTHROP GRUMMAN CORP SEDOL 2648806 | 2.57% | CONOCOPHILLIPS | 2.43% | ABBVIE INC SEDOL B92SR70 | 2.41% | FREEPORT-MCMORAN INC SEDOL 2352118 | 2.22% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 2.21% | MCKESSON CORP SEDOL 2378534 | 2.14% | ANTHEM INC SEDOL BSPHGL4 | 2.06% | CITIGROUP INC SEDOL 2297907 | 2.05% | JOHNSON & JOHNSON SEDOL 2475833 | 1.88% | RAYTHEON TECHNOLOGIES CORP SEDOL BM5M5Y3 | 1.85% | VALERO ENERGY CORP SEDOL 2041364 | 1.71% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 1.69% | ASTRAZENECA PLC-SPONS ADR SEDOL 2989044 | 1.69% | GOLDMAN SACHS GROUP INC SEDOL 2407966 | 1.65% | UNION PACIFIC CORP SEDOL 2914734 | 1.62% | MERCK & CO. INC. SEDOL 2778844 | 1.61% | SHELL PLC SEDOL BP6MXT4 | 1.55% | QUALCOMM INC SEDOL 2714923 | 1.54% | ASSURED GUARANTY LTD SEDOL B00V7H8 | 1.51% | GENERAL MOTORS CO SEDOL B665KZ5 | 1.47% | CORTEVA INC SEDOL BK73B42 | 1.46% | PROCTER & GAMBLE CO/THE SEDOL 2704407 | 1.42% | NRG ENERGY INC SEDOL 2212922 | 1.39% | EXELON CORP SEDOL 2670519 | 1.39% | SOUTHWEST AIRLINES CO SEDOL 2831543 | 1.38% | PNC FINANCIAL SERVICES GROUP SEDOL 2692665 | 1.37% | TARGET CORP SEDOL 2259101 | 1.33% | EXXON MOBIL CORP SEDOL 2326618 | 1.32% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.30% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.27% | O'REILLY AUTOMOTIVE INC SEDOL B65LWX6 | 1.24% | AMERICAN ELECTRIC POWER SEDOL 2026242 | 1.24% | AMERICAN INTERNATIONAL GROUP SEDOL 2027342 | 1.21% | CHARTER COMMUNICATIONS INC-A SEDOL BZ6VT82 | 1.21% | PULTEGROUP INC SEDOL 2708841 | 1.19% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.19% | KEURIG DR PEPPER INC SEDOL BD3W133 | 1.18% | BJ'S WHOLESALE CLUB HOLDINGS SEDOL BFZNZF8 | 1.17% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.17% | REPO TRIPA MORTG 0.3 04/01/2022 | 1.14% | BOSTON PROPERTIES INC SEDOL 2019479 | 1.12% | COMCAST CORP-CLASS A SEDOL 2044545 | 1.10% | PEPSICO INC SEDOL 2681511 | 1.09% | ORACLE CORP SEDOL 2661568 | 1.08% | EASTMAN CHEMICAL CO SEDOL 2298386 | 1.04% | EATON CORP PLC SEDOL B8KQN82 | 1.04% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.03% | UNITED RENTALS INC SEDOL 2134781 | 0.99% | DANAHER CORP SEDOL 2250870 | 0.92% | CRH PLC SEDOL 4182249 | 0.92% | ARAMARK SEDOL BH3XG17 | 0.89% | SANOFI SEDOL 5671735 | 0.89% | PPG INDUSTRIES INC SEDOL 2698470 | 0.87% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 0.84% | AXA SA SEDOL 7088429 | 0.83% | APOLLO GLOBAL MANAGEMENT INC SEDOL BN44JF6 | 0.81% | T-MOBILE US INC P/P 144A 05.2500 CV PFD | 0.76% | T-MOBILE US INC SEDOL B94Q9V0 | 0.75% | ENTERPRISE PRODUCTS PARTNERS SEDOL 2285388 | 0.71% | CAPITAL ONE FINANCIAL CORP SEDOL 2654461 | 0.71% | AMEREN CORPORATION SEDOL 2050832 | 0.70% | STATE STREET CORP SEDOL 2842040 | 0.69% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 0.69% | DANAHER CORP 05.0000 CV PFD | 0.65% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.63% | VONTIER CORP SEDOL BH4GV32 | 0.56% | CONSTELLATION ENERGY SEDOL BMH4FS1 | 0.55% | KEYCORP SEDOL 2490911 | 0.51% | EOG RESOURCES INC SEDOL 2318024 | 0.48% | SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 0.19% | GENERAL ELECTRIC CO SEDOL BL59CR9 | 0.18% | TREASURY BILL 00.0000 05/03/2022 | 0.04% | TREASURY BILL 00.0000 05/19/2022 | 0.04% | GBP/USD 06/15/2022 GSFX | 0.02% | GBP/USD 06/15/2022 BCAP-FX | 0.02% | OCCIDENTAL PETROLEUM -CW27 SEDOL BMVF784 | 0.01% | GBP/USD 06/15/2022 HSBCB | 0.01% | EUR/USD 06/15/2022 MSCIL | 0.00% | EUR/USD 06/15/2022 SSBT | 0.00% | GBP/USD 06/15/2022 BANKAM | 0.00% | EUR/USD 06/15/2022 BANKAM | 0.00% | EUR/USD 06/15/2022 UBS | 0.00% | EUR/USD 06/15/2022 GSFX | 0.00% |
| MICROSOFT CORP SEDOL 2588173 | 3.74% | BANK OF AMERICA CORP SEDOL 2295677 | 3.56% | JPMORGAN CHASE & CO SEDOL 2190385 | 3.11% | WALMART INC SEDOL 2936921 | 2.72% | CITIGROUP INC SEDOL 2297907 | 2.31% | NORTHROP GRUMMAN CORP SEDOL 2648806 | 2.21% | ABBVIE INC SEDOL B92SR70 | 2.01% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.99% | GENERAL MOTORS CO SEDOL B665KZ5 | 1.96% | ANTHEM INC SEDOL BSPHGL4 | 1.93% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 1.90% | GOLDMAN SACHS GROUP INC SEDOL 2407966 | 1.90% | FREEPORT-MCMORAN INC SEDOL 2352118 | 1.86% | QUALCOMM INC SEDOL 2714923 | 1.83% | JOHNSON & JOHNSON SEDOL 2475833 | 1.81% | CONOCOPHILLIPS | 1.75% | MCKESSON CORP SEDOL 2378534 | 1.73% | EXELON CORP SEDOL 2670519 | 1.68% | PULTEGROUP INC SEDOL 2708841 | 1.62% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.61% | RAYTHEON TECHNOLOGIES CORP SEDOL BM5M5Y3 | 1.60% | NRG ENERGY INC SEDOL 2212922 | 1.56% | PROCTER & GAMBLE CO/THE SEDOL 2704407 | 1.51% | MERCK & CO. INC. SEDOL 2778844 | 1.50% | UNION PACIFIC CORP SEDOL 2914734 | 1.48% | ASTRAZENECA PLC-SPONS ADR SEDOL 2989044 | 1.48% | PNC FINANCIAL SERVICES GROUP SEDOL 2692665 | 1.48% | TARGET CORP SEDOL 2259101 | 1.44% | CHARTER COMMUNICATIONS INC-A SEDOL BZ6VT82 | 1.44% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.36% | SOUTHWEST AIRLINES CO SEDOL 2831543 | 1.28% | O'REILLY AUTOMOTIVE INC SEDOL B65LWX6 | 1.27% | VALERO ENERGY CORP SEDOL 2041364 | 1.26% | ROYAL DUTCH SHELL PLC-A SHS SEDOL B09CBL4 | 1.23% | GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.22% | CRH PLC SEDOL 4182249 | 1.21% | CORTEVA INC SEDOL BK73B42 | 1.20% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.20% | ASSURED GUARANTY LTD SEDOL B00V7H8 | 1.19% | EATON CORP PLC SEDOL B8KQN82 | 1.18% | COMCAST CORP-CLASS A SEDOL 2044545 | 1.17% | BJ'S WHOLESALE CLUB HOLDINGS SEDOL BFZNZF8 | 1.16% | KEURIG DR PEPPER INC SEDOL BD3W133 | 1.14% | PPG INDUSTRIES INC SEDOL 2698470 | 1.14% | ORACLE CORP SEDOL 2661568 | 1.13% | PEPSICO INC SEDOL 2681511 | 1.12% | EASTMAN CHEMICAL CO SEDOL 2298386 | 1.12% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.11% | AMERICAN ELECTRIC POWER SEDOL 2026242 | 1.10% | AMERICAN INTERNATIONAL GROUP SEDOL 2027342 | 1.09% | DANAHER CORP SEDOL 2250870 | 1.03% | BOSTON PROPERTIES INC SEDOL 2019479 | 1.00% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 0.97% | EXXON MOBIL CORP SEDOL 2326618 | 0.97% | APOLLO GLOBAL MANAGEMENT INC SEDOL BKRLVD5 | 0.95% | UNITED RENTALS INC SEDOL 2134781 | 0.92% | SANOFI SEDOL 5671735 | 0.88% | ARAMARK SEDOL BH3XG17 | 0.87% | AXA SA SEDOL 7088429 | 0.84% | CAPITAL ONE FINANCIAL CORP SEDOL 2654461 | 0.78% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.78% | STATE STREET CORP SEDOL 2842040 | 0.74% | DANAHER CORP 05.0000 CV PFD | 0.72% | T-MOBILE US INC P/P 144A 05.2500 CV PFD | 0.71% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 0.71% | VONTIER CORP SEDOL BH4GV32 | 0.68% | T-MOBILE US INC SEDOL B94Q9V0 | 0.67% | AMEREN CORPORATION SEDOL 2050832 | 0.66% | ENTERPRISE PRODUCTS PARTNERS SEDOL 2285388 | 0.60% | KEYCORP SEDOL 2490911 | 0.53% | EOG RESOURCES INC SEDOL 2318024 | 0.36% | SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 0.27% | GENERAL ELECTRIC CO SEDOL BL59CR9 | 0.18% | RADIAN GROUP INC SEDOL 2173911 | 0.09% | TREASURY BILL 00.0000 05/19/2022 | 0.04% | OCCIDENTAL PETROLEUM -CW27 SEDOL BMVF784 | 0.00% | GBP/USD 03/16/2022 UBS | 0.00% | EUR/USD 03/16/2022 BCAP-FX | 0.00% | GBP/USD 03/16/2022 SSBT | 0.00% | EUR/USD 03/16/2022 WPAC | 0.00% | HC BRILLANT SERVICES GMBH P/P | 0.00% | EUR/USD 03/16/2022 BANKAM | -0.00% | EUR/USD 03/16/2022 GSFX | -0.00% | EUR/USD 03/16/2022 HSBCB | -0.00% | EUR/USD 03/16/2022 MSCIL | -0.00% | EUR/USD 03/16/2022 UBS | -0.00% | GBP/USD 03/16/2022 HSBCB | -0.00% | GBP/USD 03/16/2022 RBSF | -0.00% | GBP/USD 03/16/2022 WPAC | -0.00% | EUR/USD 03/16/2022 SSBT | -0.00% | GBP/USD 03/16/2022 BANKAM | -0.00% | GBP/USD 03/16/2022 GSFX | -0.02% | GBP/USD 03/16/2022 BCAP-FX | -0.02% |
Portfolio Composition as of 02/28/22
| Common stock | 97.36% |
| Convertible preferred stock | 1.39% |
| Cash and net other assets | 1.25% |
Consider these risks before investing: Value stocks may fail to rebound, and the market may not favor value-style investing. Income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available at, the companies in which the fund invests. 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. 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.
Top Industry Sectors as of 02/28/22
| Financials | 18.62% |
|---|---|
| Health care | 17.14% |
| Industrials | 12.19% |
| Information technology | 9.09% |
| Energy | 7.78% |
| Consumer discretionary | 7.62% |
| Consumer staples | 7.53% |
| Materials | 6.81% |
| Utilities | 4.95% |
| Other | 8.27% |
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% |