Putnam VT Global Asset Allocation Fund
Putnam Variable Trust
Expense ratio
Net assets1
$92.74M
Holdings1
1625
Category
US Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. The fund seeks long-term return consistent with preservation of capital.

Strategy. Investments We invest a majority of the funds assets in a diversified portfolio of equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in a diversified portfolio of fixed-income investments, including both U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed income investments. … Investments We invest a majority of the funds assets in a diversified portfolio of equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments. We also invest in a diversified portfolio of fixed-income investments, including both U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments). We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed income investments. We may also select other investments that do not fall within these asset classes. We may also use to a significant extent derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $4.53M 4.88%
APPLE INC $4.17M 4.50%
ALPHABET INC CL A $2.84M 3.06%
MICROSOFT CORP $2.38M 2.57%
AMAZON.COM INC $2.31M 2.49%
Putnam Short Term Investment Fund, Class P $1.89M 2.04%
FNCL 2.5 4/26 $1.75M 1.89%
META PLATFORMS INC CL A $1.69M 1.82%
U.S. Treasury Bills $1.68M 1.81%
FNCL 5 4/26 $1.18M 1.28%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
518
Exited
123
Increased
98
Decreased
424
Unchanged
600

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
SA Franklin Allocation Moderately Aggressive Portfolio 75% 0.89%
Putnam Dynamic Asset Allocation Balanced Fund · PABAX, PABBX, AABCX, PAARX, PABYX 69% 0.55%
Putnam Dynamic Asset Allocation Growth Fund · PAEAX, PAEBX, PAECX, PASRX, PAGYX 65% 0.63%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Franklin Advisers, Inc. Adviser
Franklin Templeton Investment Management Limited Sub-adviser
Putnam Investment Management, LLC Sub-adviser
The Putnam Advisory Company, LLC Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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