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Managed Fund Since 2020
Equity
Putnam VT Emerging Markets Equity Fund
Popular Documents
Total Net Assets
$27.95M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks long-term capital appreciation. The fund seeks to capitalize on inefficiencies by targeting 40-60 high-conviction names.
- Benchmark
- MSCI Emerging Markets Index-NR
- Additional Benchmark
- Putnam VT Emerging Markets Equity Linked Benchmark
- Fund Inception Date
- 01/02/1997
- Share Class Inception Date
- 01/02/1997
Identifiers
- Ticker
- —
- Fund Number
- 5416
- CUSIP Code
- 746896836
- Bloomberg Code
- VPIOIAV US
Top Sectors
As of 10/31/2025 % of Total (Updated Monthly)
Information Technology26.49% | |
Financials22.12% | |
Communication Services16.51% | |
Consumer Discretionary9.74% | |
Industrials5.69% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Diversified Emerging Markets
- Lipper Classification
- Emerging Markets Funds
- Investment Style
- Blend
Manager and Commentary
About the Team
Putnam Investments
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
Latest Insights
August 14, 2025
March 19, 2025
Ratings 4
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $27.95 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 61
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Weighted Average Market Capitalization (USD)
- Fund
- $347.15 Billion
- Fund
- 14.52x
- Fund
- 2.72x
Market Capitalization Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| $1.8B - $11.1B | 8.71% |
| $11.1B - $55.6B | 32.42% |
| Over $55.6B | 52.75% |
| Cash and other assets | 6.11% |
Holdings
As of 10/31/2025 (Updated Monthly)
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106
TENCENT HOLDINGS LTD SEDOL BMMV2K8
SAMSUNG ELECTRONICS CO LTD SEDOL 6771720
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5
ICICI BANK LTD SEDOL BSZ2BY7
BANK OF CHINA LTD-H SEDOL B154564
Cash and Equivalents
ISHARES CORE MSCI EMERGING MARKETS ETF
AL RAJHI BANK SEDOL B12LZH9
BHARTI AIRTEL LTD SEDOL 6442327
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
03/28/2025
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
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Putnam VT Emerging Markets Equity Fund | |||
| Annual Report - Putnam VT Emerging Markets Equity Fund - Class IA | |||
| Semi-Annual Report - Putnam VT Emerging Markets Equity Fund - Class IA | |||
| Semi-Annual Financial Statements and Other Information - Putnam VT Emerging Markets Equity Fund | |||
| Prospectus - Putnam VT Emerging Markets Equity Fund | |||
| Summary Prospectus - Putnam VT Emerging Markets Equity Fund | |||
| Statement Of Additional Information - Putnam Variable Trust | |||
| Fiscal Q1 Holdings - Putnam VT Emerging Markets Equity Fund | |||
| Fiscal Q3 Holdings - PUTNAM VARIABLE TRUST | |||
| Fiscal Q3 Holdings - Putnam VT Emerging Markets Equity Fund |
Risks
All investments involve risks, including possible loss of principal. 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. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. 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
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
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.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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.
The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
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.
Net Returns (NR) include income net of tax withholding when dividends are paid.