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Managed Fund Since 2019
Multi-Asset
Putnam VT George Putnam Balanced Fund
Popular Documents
Total Net Assets
$310.27M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks to provide a balanced investment composed of a well-diversified portfolio of stocks and bonds that produces both capital growth and current income. One of the pioneering mutual funds, it offers exposure to high-quality bonds to help manage volatility, and high-conviction stocks to drive relative returns.
- Benchmark
- George Putnam Blended Index
- Fund Inception Date
- 04/30/1998
- Share Class Inception Date
- 04/30/1998
Identifiers
- Ticker
- —
- Fund Number
- 5421
- CUSIP Code
- 746896794
- Bloomberg Code
- VPGPIAV US
Top Sectors
As of 12/31/2025 - Market Value % of Equity (Updated Monthly)
Information Technology33.07% | |
Financials13.33% | |
Communication Services11.31% | |
Health Care10.75% | |
Consumer Discretionary9.20% |
Additional Fund Info
- Asset Class
- Multi-Asset
- Morningstar Category
4 - Moderate Allocation
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Investment Style
- Balanced
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
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Managed Fund Since 2021
Latest Insights
January 8, 2026
December 10, 2025
August 14, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $310.27 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 601
Asset Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 63.00% |
Fixed Income | 37.79% |
Cash & Other Net Assets | -0.79% |
Holdings
As of 12/31/2025 (Updated Monthly)
MICROSOFT CORP SEDOL 2588173
NVIDIA CORP SEDOL 2379504
ALPHABET INC-CL A SEDOL BYVY8G0
APPLE INC SEDOL 2046251
US TREASURY N/B 02.3750 03/31/2029
AMAZON.COM INC SEDOL 2000019
BROADCOM INC SEDOL BDZ78H9
META PLATFORMS INC-CLASS A SEDOL B7TL820
TESLA INC SEDOL B616C79
CISCO SYSTEMS INC SEDOL 2198163
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 04-3412097
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Putnam VT George Putnam Balanced Fund | |||
| Annual Report - Putnam VT George Putnam Balanced Fund - Class IA | |||
| Semi-Annual Report - Putnam VT George Putnam Balanced Fund - Class IA | |||
| Semi-Annual Financial Statements and Other Information - Putnam VT George Putnam Balanced Fund | |||
| Prospectus - Putnam VT George Putnam Balanced Fund | |||
| Summary Prospectus - Putnam VT George Putnam Balanced Fund | |||
| Statement Of Additional Information - Putnam Variable Trust | |||
| Fiscal Q1 Holdings - Putnam VT George Putnam Balanced Fund | |||
| Fiscal Q3 Holdings - PUTNAM VARIABLE TRUST |
Risks
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. 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. 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
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 Bloomberg US Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.
The George Putnam Blended Index is an unmanaged index comprises of 60% S&P 500® Index and 40% Bloomberg U.S. Aggregate Bond Index.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization. Source: © S&P Dow Jones Indices LLC. All rights reserved.
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.