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Managed Fund Since 2021
Multi-Asset
Putnam VT Global Asset Allocation Fund
Popular Documents
Total Net Assets
$406.13M
As of 09/30/2026 (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
Sales Charges, Expenses & Fees
As of 09/04/2026- Gross Expense Ratio
- 0.86%
- Net Expense Ratio
3 - 0.61%
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- —
- Fund Number
- 5407
- CUSIP Code
- 746896604
- Bloomberg Code
- VPGAIAV US
Additional Fund Info
- Asset Class
- Multi-Asset
- Morningstar Category
4 - Moderate Allocation
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Investment Style
- Asset Allocation
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Franklin Templeton Investment Solutions
![[Brett S Goldsteins avatar]](https://franklintempletonprod.widen.net/content/knp0us84mw/webp/Goldstein_Brett_500x500.png){kind=avatar}
Managed Fund Since 2019
![[Laura Greens avatar]](https://franklintempletonprod.widen.net/content/tstchonqbc/webp/Green_Laura_500x500.png){kind=avatar}
Managed Fund Since 2026
![[Thomas Nelsons avatar]](https://franklintempletonprod.widen.net/content/wb0irvxlsv/webp/Nelson_Thomas_500x500.png){kind=avatar}
Managed Fund Since 2025
Latest Insights
October 14, 2026
October 9, 2026
May 14, 2026
March 26, 2026
Portfolio
Positions
As of 09/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 1,921
Asset Allocation
As of 09/30/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
U.S. Large Cap Equity | 48.27% |
U.S. Investment-Grade Bonds | 30.76% |
International Equity | 9.23% |
U.S. High Yield Bonds | 4.07% |
Emerging Market Equity | 3.96% |
U.S. Small- and Mid-Cap Equity | 1.99% |
Holdings
As of 08/31/2026 (Updated Monthly)
NVIDIA Corp
Apple Inc
Alphabet Inc
Microsoft Corp
Amazon.com Inc
Fannie Mae Or Freddie Mac 5% 09/01/2056 FHLM
FEDERAL HOME LOAN MORTGAGE CORP 2.5% 09/01/2056 FHLM
Meta Platforms Inc
PUTNAM SHORT TERM INVESTMENT FUND STIF USD NPV CLASS P TIS A/C # 39210
Micron Technology Inc
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
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- March
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
03/30/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Documents
Fund Literature
Factsheet - Putnam VT Global Asset Allocation Fund
Regulatory Documents
Prospectus - Putnam VT Global Asset Allocation Fund
Summary Prospectus - Putnam VT Global Asset Allocation Fund
Annual Report - Putnam VT Global Asset Allocation Fund - Class IA
Annual Financial Statements and Other Information - Putnam VT Global Asset Allocation Fund
Semi-Annual Report - Putnam VT Global Asset Allocation Fund - Class IA
Semi-Annual Financial Statements and Other Information - Putnam VT Global Asset Allocation Fund
Statement Of Additional Information - Putnam Variable Trust
Fiscal Q1 Holdings - Putnam Variable Trust
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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Important data provider notices and terms available at www.franklintempletondatasources.com.
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.