Putnam Capital Manager

Putnam Global Equity Subaccount

The subaccount seeks capital appreciation.

Fund description

The subaccount targets midsize and large industry leaders with consistent earnings growth improvement and the likelihood of positive earnings surprises. The fund managers seek companies in the U.S. and abroad with high rates of growth and dominant market share.

Sales story

Selecting companies around the world that are attractive for investorsEstablished companies: The fund invests in large and midsize companies in the United States and developed international markets to benefit from global opportunities.A flexible strategy: Pursuing Putnam's blend strategy, the fund can own growth- or value-style stocks to participate when either style leads global 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

Lipper ranking ‡ as of 06/30/19

Category: Global Multi-Cap Growth

  Percentile ranking Rank/Funds in category
10 yrs. 69% 13/18
1 yr. 97% 27/27
3 yrs. 85% 21/24
5 yrs. 92% 21/22

Risk Characteristics as of 06/30/19

Alpha (%) -1.15
Beta 1.02
R squared 0.93
Standard deviation (3 yrs.) 11.85

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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.

‡ 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 06/30/19

Fiscal Year End December
Asset Class Putnam Capital Manager
Subaccount Status Open to new investors
Number of issues 90
Turnover (fiscal year end) 53%
Net Assets $212M
Inception Date 05/01/90

Holdings

Top 10 holdings as of 06/30/19

Nrg Energy 3.77%
Amazon.Com 3.21%
Nomad Foods 2.81%
Assured Guaranty 2.79%
Unilever Nv 2.55%
Cenovus Energy 2.01%
Microsoft Corp 1.97%
Advance Auto Parts 1.88%
Becton Dickinson And 1.81%
Enterprise Products Partn 1.79%
Top 10 holdings, total: 24.59%

Prior top 10 holdings

Top 10 holdings as of 06/30/19
1: Nrg Energy 3.77%
2: Amazon.Com 3.21%
3: Nomad Foods 2.81%
4: Assured Guaranty 2.79%
5: Unilever Nv 2.55%
6: Cenovus Energy 2.01%
7: Microsoft Corp 1.97%
8: Advance Auto Parts 1.88%
9: Becton Dickinson And 1.81%
10: Enterprise Products Partn 1.79%
Holdings represent 24.59% of portfolio
Top 10 holdings as of 05/31/19
1: Nrg Energy 3.70%
2: Assured Guaranty 2.99%
3: Amazon.Com 2.98%
4: Nomad Foods 2.85%
5: Unilever Nv 2.59%
6: BD Medical 2.31%
7: Boston Scientific Corp 1.97%
8: Servicenow 1.95%
9: Alphabet 1.89%
10: Cenovus Energy 1.77%
Holdings represent 25.00% of portfolio
Top 10 holdings as of 04/30/19
1: Nrg Energy 3.79%
2: Assured Guaranty 3.31%
3: Alphabet 3.06%
4: Amazon.Com 3.01%
5: Unilever Nv 2.47%
6: BD Medical 2.09%
7: Cenovus Energy 2.04%
8: Servicenow 1.92%
9: Boston Scientific Corp 1.82%
10: Nomad Foods 1.80%
Holdings represent 25.31% of portfolio
Top 10 holdings as of 03/31/19
1: Nrg Energy 4.00%
2: Assured Guaranty 3.15%
3: Alphabet 3.09%
4: Unilever Nv 2.42%
5: Amazon.Com 2.37%
6: BD Medical 2.22%
7: Boston Scientific Corp 1.92%
8: Cenovus Energy 1.83%
9: Nomad Foods 1.80%
10: Servicenow 1.78%
Holdings represent 24.58% of portfolio

Portfolio Composition as of 06/30/19

Common stock 97.44%
Cash and net other assets 2.08%
Convertible preferred stock 0.48%

Portfolio allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. 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 06/30/19

Information technology 15.39%
Consumer discretionary 13.75%
Financials 13.24%
Consumer staples 11.22%
Industrials 9.39%
Energy 9.08%
Health care 8.38%
Materials 6.47%
Communication services 4.90%
 
Other
8.18%
Utilities 3.77%
Real estate 2.33%
Cash and net other assets 2.08%

Country Allocation as of 06/30/19

United States 62.05%
United Kingdom 9.38%
Japan 7.44%
Canada 4.21%
Netherlands 2.55%
France 2.16%
Cash and net other assets 2.08%
Ireland 2.01%
Australia 1.56%
 
Other
6.56%
Switzerland 1.38%
Denmark 1.11%
Italy 0.97%
South Korea 0.90%
Taiwan 0.81%
Hong Kong 0.71%
India 0.66%
Luxembourg 0.02%