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Managed Fund Since 2018
Equity
Putnam VT International Equity Fund
Popular Documents
Total Net Assets
$305.19M
As of 09/30/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks capital appreciation. The fund invests in established large and midsize companies, mainly in developed markets to benefit from opportunities outside the United States.
- Fund Inception Date
- 01/02/1997
- Share Class Inception Date
- 01/02/1997
Sales Charges, Expenses & Fees
As of 05/01/2026- Gross Expense Ratio
- 0.81%
- Net Expense Ratio
2 - 0.81%
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- —
- Fund Number
- 5415
- CUSIP Code
- 746896851
- Bloomberg Code
- VPIEIAV US
Top Sectors
As of 09/30/2026 % of Total (Updated Monthly)
Financials25.10% | |
Industrials20.54% | |
Information Technology12.75% | |
Health Care8.45% | |
Materials7.81% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
3 - Foreign Large Blend
- Lipper Classification
- International Large-Cap Core
- Investment Style
- Blend
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.
Putnam Investments
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Managed Fund Since 2025
Latest Insights
August 18, 2026
May 12, 2026
Portfolio
Assets
As of09/30/2026 (Updated Monthly)
- Total Net Assets
- $305.19 Million
Positions
As of 09/30/2026 (Updated Monthly)
Number of Issuers
- Fund
- 58
Portfolio Statistics
As of 09/30/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 14.55x
- Fund
- 3.06x
- Fund
- $191.32 Billion
Geographic Allocation
As of 09/30/2026 % of Total (Updated Monthly)
| Geography | Fund |
|---|---|
Japan | 24.32% |
United Kingdom | 10.59% |
France | 7.78% |
Germany | 6.81% |
Australia | 6.46% |
Netherlands | 5.61% |
Spain | 5.42% |
Switzerland | 4.98% |
United States | 4.85% |
Ireland | 3.38% |
Portugal | 3.12% |
Canada | 2.73% |
Austria | 2.06% |
Hong Kong | 2.00% |
Italy | 1.96% |
Greece | 1.71% |
Denmark | 1.68% |
Taiwan | 1.67% |
South Korea | 1.01% |
Indonesia | 0.38% |
Cash & Cash Equivalents | 1.49% |
Holdings
As of 08/31/2026 (Updated Monthly)
Mitsubishi UFJ Financial Group Inc
ASML Holding NV
Roche Holding AG
Sumitomo Mitsui Financial Group Inc
Banco Santander SA
Safran SA
BHP Group LTD
Hitachi Ltd
Iberdrola SA
British American Tobacco PLC
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 04-3338260
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Fund Literature
Factsheet - Putnam VT International Equity Fund
Regulatory Documents
Prospectus - Putnam VT International Equity Fund
Summary Prospectus - Putnam VT International Equity Fund
Annual Report - Putnam VT International Equity Fund - Class IA
Annual Financial Statements and Other Information - Putnam VT International Equity Fund
Semi-Annual Report - Putnam VT International Equity Fund - Class IA
Semi-Annual Financial Statements and Other Information - Putnam VT International Equity 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. 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. 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 and frequent trading may increase a shareholder’s tax liability and transaction costs. Active management does not ensure gains or protect against market declines. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. 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.
Franklin Distributors, LLC. Member FINRA/SIPC. Putnam Investment is a Franklin Templeton company. 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.