‡ 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 sustainability leadershipCommitted companies The subaccount invests in companies we believe have strong fundamentals linked to leadership in financially material sustainability issues.Active research process A framework grounded in fundamental research, enhanced by a focus on material sustainability issues, drives investment decisions. Experienced team An experienced, dedicated sustainable investing team is integrated with Putnam's equity research group.
Management team
- Katherine Collins, CFA, MTS (Investing since 1990)
- Stephanie Dobson (Investing since 2011)
Lipper ranking ‡ as of 02/28/22
Category: Multi-Cap Core Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 7% | 5/77 |
| 1 yr. | 82% | 86/104 |
| 3 yrs. | 12% | 11/98 |
| 5 yrs. | 3% | 2/88 |
Quick facts as of 02/28/22
| Fiscal Year End | December |
| Asset Class | Putnam Capital Manager |
| Subaccount Status | Open to new investors |
| Number of issues | 67 |
| Turnover (fiscal year end) | 27% |
| Net Assets | $909M |
| Inception Date | 05/02/94 |
Holdings
| Microsoft Corp | 8.20% |
| Apple | 7.83% |
| Amazon.Com | 4.49% |
| Bank Of America Corp | 2.66% |
| Walmart | 2.46% |
| Adobe | 2.41% |
| Visa | 2.28% |
| Danaher Corp | 2.20% |
| Hilton Worldwide Holdings | 2.02% |
| Walt Disney The | 2.00% |
| Top 10 holdings, total: | 36.55% |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| 1: Microsoft Corp | 8.20% |
| 2: Apple | 7.83% |
| 3: Amazon.Com | 4.49% |
| 4: Bank Of America Corp | 2.66% |
| 5: Walmart | 2.46% |
| 6: Adobe | 2.41% |
| 7: Visa | 2.28% |
| 8: Danaher Corp | 2.20% |
| 9: Hilton Worldwide Holdings | 2.02% |
| 10: Walt Disney The | 2.00% |
| Holdings represent 36.55% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| 1: Microsoft Corp | 8.05% |
| 2: Apple | 7.82% |
| 3: Amazon.Com | 4.41% |
| 4: Bank Of America Corp | 2.62% |
| 5: Adobe | 2.60% |
| 6: Walmart | 2.40% |
| 7: Visa | 2.25% |
| 8: Danaher Corp | 2.16% |
| 9: Cvs Health Corp | 2.08% |
| 10: Thermo Fisher Scientific | 1.97% |
| Holdings represent 36.36% of portfolio | |
| Top 10 holdings as of 12/31/21 | |
|---|---|
| 1: Apple | 8.27% |
| 2: Microsoft Corp | 8.03% |
| 3: Amazon.Com | 4.53% |
| 4: Adobe | 2.54% |
| 5: Danaher Corp | 2.29% |
| 6: Bank Of America Corp | 2.19% |
| 7: Eli Lilly | 2.12% |
| 8: Thermo Fisher Scientific | 2.09% |
| 9: Nvidia Corp | 2.06% |
| 10: Visa | 1.99% |
| Holdings represent 36.11% of portfolio | |
| Top 10 holdings as of 11/30/21 | |
|---|---|
| 1: Microsoft Corp | 8.19% |
| 2: Apple | 7.76% |
| 3: Amazon.Com | 5.08% |
| 4: Adobe | 3.03% |
| 5: Nvidia Corp | 2.31% |
| 6: Danaher Corp | 2.26% |
| 7: Bank Of America Corp | 2.21% |
| 8: Thermo Fisher Scientific | 2.00% |
| 9: Eli Lilly | 1.92% |
| 10: Salesforce.Com | 1.92% |
| Holdings represent 36.68% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 8.34% | APPLE INC SEDOL 2046251 | 8.16% | AMAZON.COM INC SEDOL 2000019 | 4.70% | WALMART INC SEDOL 2936921 | 2.67% | REPO TRIPA MORTG 0.3 04/01/2022 | 2.45% | BANK OF AMERICA CORP SEDOL 2295677 | 2.44% | DANAHER CORP SEDOL 2250870 | 2.32% | ADOBE INC SEDOL 2008154 | 2.31% | NVIDIA CORP SEDOL 2379504 | 2.16% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.11% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.09% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 2.03% | ELI LILLY & CO SEDOL 2516152 | 1.98% | TARGET CORP SEDOL 2259101 | 1.92% | CVS HEALTH CORP SEDOL 2577609 | 1.80% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.74% | LINDE PLC SEDOL BZ12WP8 | 1.72% | BLACKROCK INC SEDOL 2494504 | 1.71% | UNION PACIFIC CORP SEDOL 2914734 | 1.64% | WALT DISNEY CO/THE SEDOL 2270726 | 1.62% | SALESFORCE INC SEDOL 2310525 | 1.61% | AMGEN INC SEDOL 2023607 | 1.56% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.53% | COOPER COS INC/THE SEDOL 2222631 | 1.51% | BOSTON PROPERTIES INC SEDOL 2019479 | 1.46% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.45% | DEERE & CO SEDOL 2261203 | 1.44% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.43% | AXA SA SEDOL 7088429 | 1.40% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.34% | FORTIVE CORP SEDOL BYT3MK1 | 1.34% | HEINEKEN NV SEDOL 7792559 | 1.31% | MERCK & CO. INC. SEDOL 2778844 | 1.31% | NEXTERA ENERGY INC SEDOL 2328915 | 1.29% | AES CORP SEDOL 2002479 | 1.20% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.16% | WEBSTER FINANCIAL CORP SEDOL 2945143 | 1.13% | INGERSOLL-RAND INC SEDOL BL5GZ82 | 1.12% | CONSTELLATION ENERGY SEDOL BMH4FS1 | 1.12% | APPLIED MATERIALS INC SEDOL 2046552 | 1.09% | INTUIT INC SEDOL 2459020 | 1.08% | KKR & CO INC SEDOL BG1FRR1 | 1.08% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.07% | BALL CORP SEDOL 2073022 | 1.04% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.01% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.01% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.01% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.01% | UNILEVER PLC SEDOL BLRB262 | 1.00% | BAXTER INTERNATIONAL INC SEDOL 2085102 | 0.90% | TPG INC SEDOL BNKBB55 | 0.80% | BOSTON SCIENTIFIC CORP SEDOL 2113434 | 0.78% | VAIL RESORTS INC SEDOL 2954194 | 0.74% | ECOLAB INC SEDOL 2304227 | 0.72% | EASTMAN CHEMICAL CO SEDOL 2298386 | 0.72% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.70% | HOME DEPOT INC SEDOL 2434209 | 0.50% | SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 0.45% | ETSY INC SEDOL BWTN5N1 | 0.42% | SOARING EAGLE PIPE P/P | 0.40% | PAYPAL HOLDINGS INC SEDOL BYW36M8 | 0.37% | PRUDENTIAL PLC SEDOL 0709954 | 0.34% | AVERY DENNISON CORP SEDOL 2066408 | 0.22% | GBP/USD 06/15/2022 BANKAM | 0.00% | EUR/USD 06/15/2022 JPMCB | 0.00% | EUR/USD 06/15/2022 UBS | 0.00% | EUR/USD 06/15/2022 SSBT | 0.00% | GBP/USD 06/15/2022 BCAP-FX | 0.00% | GBP/USD 06/15/2022 HSBCB | 0.00% |
| APPLE INC SEDOL 2046251 | 8.26% | MICROSOFT CORP SEDOL 2588173 | 8.03% | AMAZON.COM INC SEDOL 2000019 | 4.53% | ADOBE INC SEDOL 2008154 | 2.54% | DANAHER CORP SEDOL 2250870 | 2.29% | BANK OF AMERICA CORP SEDOL 2295677 | 2.19% | ELI LILLY & CO SEDOL 2516152 | 2.12% | THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.09% | NVIDIA CORP SEDOL 2379504 | 2.06% | VISA INC-CLASS A SHARES SEDOL B2PZN04 | 1.98% | JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.90% | CVS HEALTH CORP SEDOL 2577609 | 1.86% | HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.84% | WALT DISNEY CO/THE SEDOL 2270726 | 1.81% | BLACKROCK INC SEDOL 2494504 | 1.81% | HOME DEPOT INC SEDOL 2434209 | 1.71% | FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.71% | WALMART INC SEDOL 2936921 | 1.70% | SALESFORCE.COM INC SEDOL 2310525 | 1.70% | TARGET CORP SEDOL 2259101 | 1.66% | LINDE PLC SEDOL BZ12WP8 | 1.65% | AXA SA SEDOL 7088429 | 1.56% | AVERY DENNISON CORP SEDOL 2066408 | 1.53% | NEXTERA ENERGY INC SEDOL 2328915 | 1.52% | CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.49% | HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.45% | COOPER COS INC/THE SEDOL 2222631 | 1.44% | KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.44% | KKR & CO INC SEDOL BG1FRR1 | 1.41% | HEINEKEN NV SEDOL 7792559 | 1.37% | ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.33% | UNION PACIFIC CORP SEDOL 2914734 | 1.33% | NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.32% | ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.30% | AES CORP SEDOL 2002479 | 1.29% | INTUIT INC SEDOL 2459020 | 1.28% | UNILEVER PLC SEDOL BLRB262 | 1.25% | TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.22% | MEDTRONIC PLC SEDOL BTN1Y11 | 1.21% | AMGEN INC SEDOL 2023607 | 1.20% | APPLIED MATERIALS INC SEDOL 2046552 | 1.15% | PRUDENTIAL PLC SEDOL 0709954 | 1.12% | FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.11% | AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.11% | MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 1.10% | ECOLAB INC SEDOL 2304227 | 1.04% | INGERSOLL-RAND INC SEDOL BL5GZ82 | 1.00% | BOSTON PROPERTIES INC SEDOL 2019479 | 1.00% | MERCK & CO. INC. SEDOL 2778844 | 1.00% | DEERE & CO SEDOL 2261203 | 0.94% | VAIL RESORTS INC SEDOL 2954194 | 0.82% | SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 0.82% | REGENERON PHARMACEUTICALS SEDOL 2730190 | 0.80% | DOCUSIGN INC SEDOL BFYT7B7 | 0.78% | SOARING EAGLE PIPE P/P | 0.72% | BALL CORP SEDOL 2073022 | 0.70% | LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.69% | ETSY INC SEDOL BWTN5N1 | 0.65% | PAYPAL HOLDINGS INC SEDOL BYW36M8 | 0.63% | BUMBLE INC-A SEDOL BMZ2WT7 | 0.36% | ZEVIA PBC-A SEDOL BNLYJG0 | 0.07% | HC BRILLANT SERVICES GMBH P/P | 0.00% | EUR/USD 03/16/2022 SSBT | -0.00% | GBP/USD 03/16/2022 BCAP-FX | -0.00% | GBP/USD 03/16/2022 HSBCB | -0.00% | EUR/USD 03/16/2022 UBS | -0.00% | EUR/USD 03/16/2022 JPMCB | -0.00% | GBP/USD 03/16/2022 BANKAM | -0.00% |
Portfolio Composition as of 02/28/22
| Common stock | 98.83% |
| Cash and net other assets | 1.17% |
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. 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.