Putnam VT Equity Income Fund
Fact Sheet as of 12/31/2015
Classification: Equity Income Funds
Share Class
Class IB
Investment Objective
The Fund seeks current income and capital growth is secondary. The Fund invests
mainly in common stocks of U.S. companies, focusing on value stocks that offer the
potential for current income. At least 80% of the net assets are in common stocks
and other equity investments that offer current income. There can be no guarantee
that the investment objective will be achieved.
Performance Overview
Cumulative
Fund
Russell 1000 Value Index1
Fund Overview Based on Share Class
Annualized
QTD
YTD
1 Yr
3 Yr
5 Yr
10 Yr
Since
Incep
4.01
-3.04
-3.04
13.09
11.95
7.86
9.23
5.64
-3.83
-3.83
13.08
11.27
6.16
-
CUSIP
746896349
Benchmark 1
Russell 1000 Value Index
Inception Date
Total Net Assets ($M)
Total Expense Ratio (%)
05/01/2003
290.70
0.86
Fund Manager Benchmark
1
Past performance does not guarantee future returns. The investment
return and principal value of an investment will fluctuate so that the
units, when redeemed, may be worth more or less than their original
cost. Current performance may be lower or higher than the past
performance data quoted. Performance information as of the most
recent month-end is available upon request.
Risk Statistics 3-year
Alpha*
0.04
Beta*
0.96
R-Squared*
0.98
Tracking Error*
Annualized Standard Deviation
Growth of $10,000 Initial Investment
Sharpe Ratio
$24,000
1.66
10.43
1.22
*Risk Statistics are measured against the Benchmark.
$22,000
$20,000
$18,000
$16,000
Fund Characteristics
$14,000
Number of Holdings
$12,000
Price to Earning Ratio
$10,000
$8,000
Weighted Average Market Cap ($M)
$6,000
Turnover (%)
09/30/15
131
21.73
85,828
31
$4,000
12/2005 12/2006 12/2007 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 12/2014 12/2015
Russell 1000 Value Index ($19,164)
Putnam VT Equity Income Fund ($22,680)
The Fund is available to the public only through variable life and variable annuity
contracts. The performance of the Fund is not related to that of any other retail
mutual fund, despite any similarities in its name, investment objective or policy.
The rates of return reflect the reinvestment of all dividends and capital gains,
and the deduction of investment management fees and expenses. They do not
reflect other charges specific to your contract such as premium loads, cost of
insurance, administrative charges, transfer charges and mortality and expense
charges, which would significantly lower the returns shown. For specific charges
and expenses associated with your contract, please refer to the prospectus.
Upon request, Prudential will provide an illustration of historical performance,
which reflects the cost of insurance protection under your contract.
Investors should consider the contract and the underlying portfolios’
investment objectives, risks, and charges and expenses carefully before
investing. The contract’s prospectus and the underlying portfolios’
prospectus contain this and other important information. Read them
carefully before investing or sending money.
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Top Ten Holdings
09/30/15
Eli Lilly and Co
2.87
Northrop Grumman Corp
2.66
Cigna Corp
2.21
JPMorgan Chase & Co
2.20
Citigroup Inc
2.08
Exxon Mobil Corp
2.05
Wells Fargo & Co
1.99
Johnson & Johnson
1.92
Comcast Corp
1.88
Coty Inc
Total
1.67
21.53
Putnam VT Equity Income Fund
Sector Allocation
9
09/30/15
10
8
1
7
6
2
5
4
3
1 Financials
21.83
2 Industrials
11.81
3 Health Care
11.16
4 Consumer Services
9.87
5 Consumer Goods
9.13
6 Technology
9.02
7 Oil & Gas
8.92
8 Utilities
5.04
9 Non Classified Equity
4.77
10 Telecommunications
3.38
Asset Allocation
Managed By
ADVISOR
Putnam Investment Management LLC
09/30/15
97.48
Equity
1.81
Cash
Fixed Income
0.68
Other
0.03
0
25
50
75
% of Investments
100
Top Holdings, Asset Allocation, Quality Analysis &
Sector Weightings
Data is based on information collected from the investment
company, is updated as of the date shown in the section’s title,
and will vary over time. Asset Allocation may equal less than
or greater than 100% due to hedged funds or leveraged cash
positions by the Fund. Holdings and allocations are subject to
change. Asset allocation does not guarantee a profit or protect
against a loss in declining Markets.
Risk Measures
Alpha - Measures a manager’s contribution to performance due
to security selection or market timing relative to the index.
Beta – Measures a portfolio’s sensitivity to market movements
in the index.
R-Squared - A measure that indicates the extent to which
fluctuations in portfolio returns are correlated with those of the
index.
Standard Deviation – A measure of risk that gauges the
variability of actual returns from the expected values and the
dispersion of these variations over time.
Sharpe Ratio – A measure that uses standard deviation and
excess return to determine reward per unit of risk.
Tracking Error – A divergence between the price behavior of a
position or portfolio and the price behavior of a benchmark.
125
Indices
The Russell 1000 Value Index is an unmanaged index which
measures the performance of those Russell 1000 companies with
lower price-to-book ratios and lower forecasted growth values. The
Russell indexes and Russell are trademarks of the Frank Russell
Company. Investors cannot invest directly in a market index.
Risk Disclosures
The Fund may invest in foreign securities, which are subject to
currency fluctuation and political uncertainty. The Fund may invest
in derivative securities, which may carry market, credit, and
liquidity risks. These risks may result in greater share price
volatility.
Variable life insurance is issued by the Hartford Life Insurance Company (HLI) (New York) and Hartford Life and Annuity Insurance
Company (HLA) (outside New York), Simsbury, CT. The mailing address for both issuers is P.O. Box 2999, Hartford, CT 06104-2999.
Variable life insurance is distributed by Pruco Securities LLC, Newark, New Jersey, Member SIPC and a Prudential Financial Company.
Fund data provided by Lipper. © 2016 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content
is expressly prohibited without the prior written consent of Lipper. The information contained herein is not represented or warranted to be
accurate, complete, or timely. Past performance is no guarantee of future performance.
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