Investment objective & strategy
As of Dec. 23, 2025 · prospectusObjective. The fund seeks capital appreciation.
Strategy. The fund invests mainly in common stocks of large U.S. companies, with a focus on growth stocks. Under normal circumstances, the fund invests at least 80% of the funds net assets in companies of a size similar to those in the Russell 1000 Growth Index (the Index). This policy may be changed only after 60 days notice to shareholders. Growth stocks are stocks of companies whose earnings are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. As of October 31, 2025, the Index was composed of companies having market capitalizations of between approximately $1.1 billion to $4.9 trillion. The Investment Manager may consider, among … The fund invests mainly in common stocks of large U.S. companies, with a focus on growth stocks. Under normal circumstances, the fund invests at least 80% of the funds net assets in companies of a size similar to those in the Russell 1000 Growth Index (the Index). This policy may be changed only after 60 days notice to shareholders. Growth stocks are stocks of companies whose earnings are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. As of October 31, 2025, the Index was composed of companies having market capitalizations of between approximately $1.1 billion to $4.9 trillion. The Investment Manager 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 investments. The fund is non-diversified, which means it may invest a greater percentage of its assets in fewer issuers than a diversified fund. The fund expects to invest in a limited number of issuers.
Top holdings
As of Feb. 27, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $8.69M | 13.38% |
| APPLE INC | — | $6.35M | 9.78% |
| MICROSOFT CORP | — | $5.44M | 8.39% |
| BROADCOM INC | — | $4.14M | 6.37% |
| ALPHABET INC CL A | — | $3.54M | 5.45% |
| META PLATFORMS INC CL A | — | $3.15M | 4.85% |
| AMAZON.COM INC | — | $2.87M | 4.42% |
| LILLY ELI and CO | — | $2.81M | 4.32% |
| TESLA INC | — | $2.55M | 3.92% |
| MASTERCARD INC CL A | — | $1.99M | 3.07% |
Portfolio moves
Nov 28, 2025 → Feb 27, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Putnam VT Large Cap Growth Fund | 82% | 0.64% |
| Putnam Large Cap Growth Fund · POGAX, POGBX, POGCX, PGORX, PGOYX | 81% | 0.60% |
| JNL/T. Rowe Price Growth Stock Fund | 71% | 0.53% |
Advisers
| Firm | Role |
|---|---|
| Franklin Advisers, Inc. | Sub-adviser |
| Franklin Templeton Investment Management Limited | Sub-adviser |
| Putnam Investment Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of February 27, 2026, from the fund's N-PORT filing.
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