About PDVGX
Putnam Diversified Income Trust Class R6 is a mutual fund designed to deliver high current income while prioritizing capital preservation through broad diversification across traditional and alternative bond markets. It invests in a multi-sector portfolio including high-yield corporate bonds (18.38%), agency pass-through securities (18.08%), investment-grade corporate bonds (13.25%), emerging markets bonds (12.86%), and residential mortgage-backed securities (8.50%), among 849 holdings totaling approximately $1.02 billion in net assets. The fund employs flexible risk allocations, dynamically adjusting exposures rather than fixed sectors, and active duration management with an effective duration of 3.46 years to mitigate interest-rate risk, independent of its ICE BofA U.S. Treasury Bill Index benchmark. Launched in 1988 with Class R6 shares introduced in 2013, it pays monthly dividends, featuring a distribution rate of 5.24% and a 30-day SEC yield of 3.77%. Classified in the Nontraditional Bond category by Morningstar and Alternative Credit Focus by Lipper, it plays a key role in income-oriented portfolios by seeking multiple return sources beyond conventional benchmarks.
Fund Family Franklin Templeton Investments
Category Nontraditional Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PDVGX
Index ICE BofA U.S.Treasury Bill TR
PDVGX had a total return of 9.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.69%.
