Annuities

Fund name	Prospectuses/Statement of Additional Information (SAI)	Q1 portfolio holdings (PDF)	Semiannual report (PDF)	Q3 portfolio holdings (PDF)	Annual report (PDF)
Putnam VT Diversified Income Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Emerging Markets Equity Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Focused International Equity Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT George Putnam Balanced Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Global Asset Allocation Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Global Health Care Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Government Money Market Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Growth Opportunities Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT High Yield Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Income Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT International Equity Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT International Value Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Large Cap Value Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Mortgage Securities	Prospectuses \| SAI	March	June	September	December
Putnam VT Multi-Asset Absolute Return	Prospectuses \| SAI Top 10 holdings	March	June Portfolio holdings	September	December
Putnam VT Multi-Cap Core	Prospectuses \| SAI	March	June	September	December
Putnam VT Research Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Small Cap Growth Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Small Cap Value Fund	Prospectuses \| SAI	March	June	September	December
Putnam VT Sustainable Future	Prospectuses \| SAI	March	June	September	December
Putnam VT Sustainable Leaders	Prospectuses \| SAI	March	June	September	December

Putnam Variable Trust funds are available through variable products offered by third-party insurance companies. For a prospectus containing information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor or the offering insurance company for a contract prospectus and prospectus for the underlying funds. For Talcott and Everlake products, please call Talcott at 1-800-523-7798 or Everlake at 1-800-203-0068. Read the prospectuses carefully before investing.

Putnam Capital Manager variable annuities

The Putnam Capital Manager variable annuities closed to new accounts on May, 2, 2005.

Existing account holders may continue to make deposits to their contracts.

Performance for the Putnam Capital Manager products below is available through the Talcott Resolution Service Center.

Putnam Capital Manager
Capital Manager Outlook
Capital Manager Plus
Capital Manager Access
Capital Manager Edge

Talcott subaccounts	Style	Director M	Capital Manager
George Putnam Balanced Fund Subaccount	Asset Allocation	•	•
Putnam Diversified Income Subaccount	Income	•	•
Putnam Emerging Markets Equity Subaccount	Blend		•
Putnam Focused International Equity Subaccount	Blend		•
Putnam Global Asset Allocation Subaccount	Asset Allocation	•	•
Putnam Global Health Care Subaccount	Global Sector		•
Putnam Government Money Market Subaccount	Income		•
Putnam Growth Opportunities Subaccount	Growth		•
Putnam High Yield Subaccount	Income		•
Putnam Income Subaccount	Income		•
Putnam International Equity Subaccount	Blend	•	•
Putnam International Value Subaccount	Value		•
Putnam Large Cap Value Subaccount	Value		•
Putnam Mortgage Securities Subaccount	Income		•
Putnam Multi-Cap Core Subaccount	Blend	•	•
Putnam Research Subaccount	Blend		•
Putnam Small Cap Growth Subaccount	Blend		•
Putnam Small Cap Value Subaccount	Value	•	•
Putnam Sustainable Future Subaccount	Value	•	•
Putnam Sustainable Leaders Subaccount	Growth		•

For information about the Fixed Accumulation Feature, which provides a guaranteed interest rate and a guaranteed principal backed by the general assets of Talcott Resolution, please call the Putnam Capital Manager Service Line at 1-800-521-0538.

Variable annuities are long-term investments designed for retirement purposes. Putnam Capital Manager products are flexible-premium variable annuities held by Talcott Resolution Life, Inc., Simsbury, CT.

These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

Everlake Life Insurance Company is among the largest and fastest growing life insurance companies. Everlake Life offers strength and stability as an insurer and an unvarying commitment to quality service.

Everlake subaccounts	Style	Advisor	Advisor Plus	Advisor Preferred
George Putnam Balanced Fund Subaccount	Asset Allocation	View	View	View
Putnam Diversified Income Subaccount	Income	View	View	View
Putnam Emerging Markets Equity Subaccount	Blend	View	View	View
Putnam Focused International Equity Subaccount	Blend	View	View	View
Putnam Global Asset Allocation Subaccount	Asset Allocation	View	View	View
Putnam Global Health Care Subaccount	Global Sector	View	View	View
Putnam Government Money Market Subaccount	Income	View	View	View
Putnam Growth Opportunities Subaccount	Growth	View	View	View
Putnam High Yield Subaccount	Income	View	View	View
Putnam Income Subaccount	Income	View	View	View
Putnam International Equity Subaccount	Blend	View	View	View
Putnam International Value Subaccount	Value	View	View	View
Putnam Large Cap Value Subaccount	Value	View	View	View
Putnam Mortgage Securities Subaccount	Income	View	View	View
Putnam Multi-Cap Core Subaccount	Blend	View	View	View
Putnam Research Subaccount	Blend	View	View	View
Putnam Small Cap Growth Subaccount	Blend	View	View	View
Putnam Small Cap Value Subaccount	Value	View	View	View
Putnam Sustainable Future Subaccount	Value	View	View	View
Putnam Sustainable Leaders Subaccount	Growth	View	View	View

For information about the Fixed Account, which provides a guaranteed interest rate and a guaranteed principal backed by the general assets of Everlake Life, please call the Putnam Everlake Advisor Service Line at 1-800-390-1277.

Variable Annuities are long-term investments designed for retirement purposes.

Putnam Everlake Advisor, Putnam Everlake Advisor Plus and Putnam Everlake Advisor Preferred variable annuities are flexible-premium deferred variable annuities issued by Everlake Life Insurance Company, underwritten by Everlake Distributors, L.L.C, Northbrook, IL, and are sold through registered representatives, or bank employees who are licensed insurance agents. Please check for availability in your specific state.

These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

Please note that Putnam Investments, Everlake Life, or any of their agents cannot give legal or tax advice. The brief discussion of taxes in this material may not be complete or necessarily current; the laws and regulations are complex and subject to change. For complete details, consult your attorney or tax advisor.

Putnam offers its investment expertise and products through partnerships with a number of the country's best-known insurance companies.

Related information

Putnam Capital Manager variable annuities