‡ 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 Capital Manager
Putnam Sustainable Leaders Subaccount
The subaccount seeks long-term capital appreciation.
Fund description
The subaccount invests in companies of all sizes across a range of industry sectors. The management team looks for stocks of innovative companies that are positioned in sectors believed to offer exceptional growth potential. The fund targets companies with strong management and superior financial characteristics.
Sales story
Investing in growing companies committed to sustainable practicesCommitted companies: The fund invests in growth companies with the goal of delivering positive financial and ESG performance.Active strategy: The managers utilize bottom-up research to identify companies with attractive sustainability, fundamental, and valuation characteristics.Veteran team: A dedicated sustainable investing team is backed by Putnam's equity research and quantitative/risk analysis groups.
Management team
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Lipper ranking ‡ as of 05/31/19
Category: Multi-Cap Growth Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 45% | 31/69 |
| 1 yr. | 32% | 26/82 |
| 3 yrs. | 26% | 21/82 |
| 5 yrs. | 33% | 27/81 |
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 | 62 |
| Turnover (fiscal year end) | 29% |
| Net Assets | $728M |
| Inception Date | 05/02/94 |
Holdings
| Microsoft Corp | 7.53% |
| Apple | 5.67% |
| Amazon.Com | 5.03% |
| Alphabet | 3.28% |
| Adobe | 2.79% |
| Danaher Corp | 2.78% |
| Blackrock | 2.57% |
| Fidelity National Information Services | 2.49% |
| Bank Of America Corp | 2.49% |
| Visa | 2.45% |
| Top 10 holdings, total: | 37.08% |
| Top 10 holdings as of 04/30/20 | |
|---|---|
| 1: Microsoft Corp | 7.53% |
| 2: Apple | 5.67% |
| 3: Amazon.Com | 5.03% |
| 4: Alphabet | 3.28% |
| 5: Adobe | 2.79% |
| 6: Danaher Corp | 2.78% |
| 7: Blackrock | 2.57% |
| 8: Fidelity National Information Services | 2.49% |
| 9: Bank Of America Corp | 2.49% |
| 10: Visa | 2.45% |
| Holdings represent 37.08% of portfolio | |
| Top 10 holdings as of 03/31/20 | |
|---|---|
| 1: Microsoft Corp | 8.24% |
| 2: Apple | 5.46% |
| 3: Amazon.Com | 4.40% |
| 4: Visa | 3.75% |
| 5: Alphabet | 3.15% |
| 6: Danaher Corp | 2.87% |
| 7: Adobe | 2.79% |
| 8: Fidelity National Information Services | 2.56% |
| 9: Blackrock | 2.50% |
| 10: Walmart | 2.34% |
| Holdings represent 38.06% of portfolio | |
| Top 10 holdings as of 02/29/20 | |
|---|---|
| 1: Microsoft Corp | 7.47% |
| 2: Apple | 5.18% |
| 3: Amazon.Com | 3.75% |
| 4: Visa | 3.58% |
| 5: Alphabet | 3.20% |
| 6: Bank Of America Corp | 2.67% |
| 7: Adobe | 2.67% |
| 8: Danaher Corp | 2.64% |
| 9: Blackrock | 2.61% |
| 10: Fidelity National Information Services | 2.59% |
| Holdings represent 36.36% of portfolio | |
| Top 10 holdings as of 01/31/20 | |
|---|---|
| 1: Microsoft Corp | 7.19% |
| 2: Apple | 5.37% |
| 3: Amazon.Com | 3.67% |
| 4: Visa | 3.59% |
| 5: Alphabet | 3.14% |
| 6: Blackrock | 2.73% |
| 7: Danaher Corp | 2.70% |
| 8: Bank Of America Corp | 2.61% |
| 9: Adobe | 2.49% |
| 10: Fidelity National Information Services | 2.44% |
| Holdings represent 35.93% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 8.24% | APPLE INC SEDOL 2046251 | 5.46% | AMAZON.COM INC SEDOL 2000019 | 4.40% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 3.75% | DANAHER CORP SEDOL 2250870 | 2.87% | ADOBE INC SEDOL 2008154 | 2.79% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 2.56% | BLACKROCK INC SEDOL 2494504 | 2.50% | WALMART INC SEDOL 2936921 | 2.34% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.31% | BANK OF AMERICA CORP SEDOL 2295677 | 2.24% | AES CORP SEDOL 2002479 | 2.20% | UNILEVER NV SEDOL B1527V7 | 2.11% | ALPHABET INC-CL C SEDOL BYY88Y7 | 2.04% | MERCK & CO. INC. SEDOL 2778844 | 2.01% | SALESFORCE.COM INC SEDOL 2310525 | 2.00% | AMGEN INC SEDOL 2023607 | 1.92% | LINDE PLC SEDOL BZ12WP8 | 1.83% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.64% | BALL CORP SEDOL 2073022 | 1.55% | AXA SA SEDOL 7088429 | 1.51% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.51% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.48% | HOME DEPOT INC SEDOL 2434209 | 1.48% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.45% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.38% | COOPER COS INC/THE SEDOL 2222631 | 1.35% | NEXTERA ENERGY INC SEDOL 2328915 | 1.33% | DOCUSIGN INC SEDOL BFYT7B7 | 1.27% | UNION PACIFIC CORP SEDOL 2914734 | 1.25% | TARGET CORP SEDOL 2259101 | 1.24% | HASBRO INC SEDOL 2414580 | 1.23% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.21% | BAXTER INTERNATIONAL INC SEDOL 2085102 | 1.20% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.19% | OKTA INC SEDOL BDFZSP1 | 1.19% | ECOLAB INC SEDOL 2304227 | 1.11% | ALPHABET INC-CL A SEDOL BYVY8G0 | 1.11% | HEINEKEN NV SEDOL 7792559 | 1.09% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.07% | PRUDENTIAL PLC SEDOL 0709954 | 1.06% | ACCENTURE PLC-CL A SEDOL B4BNMY3 | 0.98% | BARRY CALLEBAUT AG-REG SEDOL 5476929 | 0.98% | BECTON DICKINSON AND CO SEDOL 2087807 | 0.96% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 0.96% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.96% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 0.96% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 0.90% | GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 | 0.90% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.88% | ORSTED A/S SEDOL BYT16L4 | 0.83% | TALEND SA - ADR SEDOL BD39HN6 | 0.75% | CLOROX COMPANY SEDOL 2204026 | 0.73% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.71% | VAIL RESORTS INC SEDOL 2954194 | 0.68% | JETBLUE AIRWAYS CORP SEDOL 2852760 | 0.67% | AMEREN CORPORATION SEDOL 2050832 | 0.64% | ETSY INC SEDOL BWTN5N1 | 0.45% | FIRST SOLAR INC SEDOL B1HMF22 | 0.38% | OPORTUN FINANCIAL CORP SEDOL BKTC5L2 | 0.12% | TREASURY BILL 00.0000 04/07/2020 | 0.03% | EUR/USD 06/17/2020 SSBT | 0.02% | TREASURY BILL 00.0000 04/09/2020 | 0.02% | TREASURY BILL 00.0000 04/16/2020 | 0.02% | EUR/USD 06/17/2020 JPMCB | 0.02% | GBP/USD 06/17/2020 BANKAM | 0.01% | EUR/USD 06/17/2020 UBS | 0.01% | GBP/USD 06/17/2020 BCAP-FX | 0.01% | HC BRILLANT SERVICES GMBH P/P | 0.00% | NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% | NEW BIGFOOT OTHER ASSETS GMBH P/P | 0.00% | NEW MIDDLE EAST OTHER ASSETS GMBH P/P | 0.00% |
| MICROSOFT CORP SEDOL 2588173 | 7.25% | APPLE INC SEDOL 2046251 | 5.12% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 3.40% | AMAZON.COM INC SEDOL 2000019 | 3.39% | BANK OF AMERICA CORP SEDOL 2295677 | 2.81% | BLACKROCK INC SEDOL 2494504 | 2.61% | DANAHER CORP SEDOL 2250870 | 2.58% | ADOBE INC SEDOL 2008154 | 2.35% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 2.27% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 2.23% | HOME DEPOT INC SEDOL 2434209 | 2.07% | AES CORP SEDOL 2002479 | 2.02% | UNILEVER NV SEDOL B1527V7 | 2.00% | AXA SA SEDOL 7088429 | 1.99% | WALMART INC SEDOL 2936921 | 1.98% | ALPHABET INC-CL C SEDOL BYY88Y7 | 1.91% | SALESFORCE.COM INC SEDOL 2310525 | 1.83% | LINDE PLC SEDOL BZ12WP8 | 1.83% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.79% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.69% | NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.69% | HASBRO INC SEDOL 2414580 | 1.68% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 1.65% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.52% | BECTON DICKINSON AND CO SEDOL 2087807 | 1.50% | UNION PACIFIC CORP SEDOL 2914734 | 1.49% | AMGEN INC SEDOL 2023607 | 1.49% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.45% | MERCK & CO. INC. SEDOL 2778844 | 1.45% | HEINEKEN NV SEDOL 7792559 | 1.42% | NEXTERA ENERGY INC SEDOL 2328915 | 1.35% | LOWES COMPANIES INC | 1.30% | ON SEMICONDUCTOR CORP SEDOL 2583576 | 1.30% | STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 1.28% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.27% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.23% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.17% | PRUDENTIAL PLC SEDOL 0709954 | 1.15% | BALL CORP SEDOL 2073022 | 1.09% | VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 1.08% | TALEND SA - ADR SEDOL BD39HN6 | 1.06% | ALPHABET INC-CL A SEDOL BYVY8G0 | 1.04% | ACCENTURE PLC-CL A SEDOL B4BNMY3 | 1.03% | ADIDAS AG SEDOL 4031976 | 1.02% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.01% | VAIL RESORTS INC SEDOL 2954194 | 0.98% | COOPER COS INC/THE SEDOL 2222631 | 0.90% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.89% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 0.87% | KROGER CO SEDOL 2497406 | 0.86% | OKTA INC SEDOL BDFZSP1 | 0.84% | TJX COMPANIES INC SEDOL 2989301 | 0.79% | FIRST SOLAR INC SEDOL B1HMF22 | 0.78% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 0.72% | DOCUSIGN INC SEDOL BFYT7B7 | 0.70% | ETSY INC SEDOL BWTN5N1 | 0.64% | EQT AB SEDOL BJ7W9K4 | 0.56% | BARRY CALLEBAUT AG-REG SEDOL 5476929 | 0.54% | ECOLAB INC SEDOL 2304227 | 0.52% | MICRON TECHNOLOGY INC SEDOL 2588184 | 0.50% | SERVICENOW INC SEDOL B80NXX8 | 0.50% | AMEREN CORPORATION SEDOL 2050832 | 0.47% | ULTA BEAUTY INC SEDOL B28TS42 | 0.36% | OPORTUN FIN CORP P/P | 0.22% | TREASURY BILL 00.0000 04/09/2020 | 0.02% | TREASURY BILL 00.0000 04/16/2020 | 0.01% | GLOBAL FASHION GRP P/P | 0.00% | HC BRILLANT SERVICES GMBH P/P | 0.00% | NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% | NEW BIGFOOT OTHER ASSETS GMBH P/P | 0.00% | NEW MIDDLE EAST OTHER ASSETS GMBH P/P | 0.00% | GBP/USD 03/18/2020 BCAP-FX | -0.00% | EUR/USD 03/18/2020 SSBT | -0.01% | EUR/USD 03/18/2020 UBS | -0.01% | GBP/USD 03/18/2020 BANKAM | -0.01% | EUR/USD 03/18/2020 JPMCB | -0.01% |
Portfolio Composition as of 04/30/20
| Common stock | 98.46% |
| Cash and net other assets | 1.54% |
Consider these risks before 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. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Investments in small and/or midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks. The fund's investment strategy of investing in companies that exhibit a commitment to sustainable business practices may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds that do not invest with a sustainable focus. 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. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. 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 | 30.94% |
|---|---|
| Health care | 14.68% |
| Consumer discretionary | 14.65% |
| Financials | 8.60% |
| Industrials | 7.56% |
| Consumer staples | 7.32% |
| Materials | 6.80% |
| Utilities | 4.63% |
| Communication services | 3.28% |
| Other | 1.54% |
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