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Managed Fund Since 2019
Multi-Asset
Putnam VT Global Asset Allocation Fund
Popular Documents
Total Net Assets
$97.61M
As of 02/28/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks a high level of long-term total return consistent with the preservation of capital. The fund holds a variety of investments in all market conditions to benefit from a wide range of opportunities.
- Benchmark
- Russell 3000 Index
- Additional Benchmark
2 - Putnam VT Balanced Blended Benchmark
- Fund Inception Date
- 02/01/1988
- Share Class Inception Date
- 02/01/1988
Identifiers
- Ticker
- —
- Fund Number
- 5407
- CUSIP Code
- 746896604
- Bloomberg Code
- VPGAIAV US
Additional Fund Info
- Asset Class
- Multi-Asset
- Morningstar Category
5 - Moderate Allocation
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Investment Style
- Asset Allocation
Manager and Commentary
About the Team
Putnam Investments has been serving clients and shareholders for over 85 years. We manage a range of equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to offer consistent outperformance, regardless of the market environment. Our portfolios are fueled by a variety of independent views and perspectives, enhanced by fundamental research and ongoing dialogue and debate. We combine this with portfolio construction that aims to reduce broader macro exposures and manage downside risk.
Franklin Templeton Investment Solutions
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Managed Fund Since 2021
![[Thomas Nelsons avatar]](https://franklintempletonprod.widen.net/content/wb0irvxlsv/webp/Nelson_Thomas_500x500.png){kind=avatar}
Managed Fund Since 2025
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Managed Fund Since 2025
Latest Insights
January 8, 2026
December 10, 2025
August 14, 2025
Portfolio
Positions
As of 02/28/2026 (Updated Monthly)
Number of Holdings
- Fund
- 1,293
Asset Allocation
As of 02/28/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
U.S. Large Cap Equity | 42.80% |
U.S. Investment-Grade Bonds | 28.83% |
International Equity | 9.44% |
U.S. Money Markets | 5.55% |
U.S. Small- and Mid-Cap Equity | 5.44% |
U.S. High Yield Bonds | 3.99% |
Emerging Market Equity | 3.94% |
Holdings
As of 02/28/2026 (Updated Monthly)
Cash and Equivalents
US 2YR NOTE (CBT) JUN26 TUM6
NVIDIA CORP SEDOL 2379504
APPLE INC SEDOL 2046251
US 5YR NOTE (CBT) JUN26 FVM6
TRS USD FLOAT RCXTPGDL USD FIXED 0% 2026-04-17
MSCI EMGMKT MAR26 MESH6
ALPHABET INC-CL A SEDOL BYVY8G0
TRS USD FLOAT BCFTUSAL USD FIXED 0% 2027-01-22
MICROSOFT CORP SEDOL 2588173
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 04-6577628
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Putnam VT Global Asset Allocation Fund | |||
| Annual Report - Putnam VT Global Asset Allocation Fund - Class IA | |||
| Semi-Annual Report - Putnam VT Global Asset Allocation Fund - Class IA | |||
| Semi-Annual Financial Statements and Other Information - Putnam VT Global Asset Allocation Fund | |||
| Prospectus - Putnam VT Global Asset Allocation Fund | |||
| Summary Prospectus - Putnam VT Global Asset Allocation Fund | |||
| Statement Of Additional Information - Putnam Variable Trust | |||
| Fiscal Q1 Holdings - Putnam VT Global Asset Allocation Fund | |||
| Fiscal Q3 Holdings - PUTNAM VARIABLE TRUST |
Risks
All investments involve risks, including possible loss of principal. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The investment style may become out of favor, which may have a negative impact on performance. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Active management does not ensure gains or protect against market declines. These and other risks are discussed in the fund’s prospectus.
Important Information
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
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CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Putnam VT Balanced Blended Benchmark reflects the performance of the Putnam Balanced Blended Benchmark (50% Russell 3000 Index, 35% Bloomberg U.S. Aggregate Index, 10% MSCI EAFE Index-NR and 5% JPMorgan Developed High Yield Index) from fund inception through 1/31/2026 and the Putnam VT Balanced Blended Benchmark (48% Russell 3000 Index, 38% Bloomberg U.S. Aggregate Index, 12% MSCI ACWI ex USA Index-NR, 2% Bloomberg US Corporate High Yield Index) thereafter.
Source: Bloomberg Indices.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Source: JP Morgan.
Source: FTSE.
Net Returns (NR) include income net of tax withholding when dividends are paid.
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Source: FTSE.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.