About PDVRX
Putnam Diversified Income Trust Class R is a multi-sector bond mutual fund designed to deliver a high level of current income while emphasizing preservation of capital. The strategy seeks returns from a broad opportunity set across traditional and alternative fixed income markets, operating outside a single benchmark’s constraints to diversify risk and income sources. The portfolio invests in securitized debt such as agency pass-throughs, CMOs, and non-agency residential and commercial mortgage-backed securities, alongside corporate credit across investment-grade and high-yield tiers, emerging markets debt, and bank loans. Its allocation reflects a flexible, macro-driven approach, with meaningful exposure to mortgages and credit, and active use of derivatives to manage interest-rate, currency, and credit risks. Classified by Morningstar as a nontraditional bond strategy and by Lipper as alternative credit focus, the fund distributes income monthly and is positioned to play a complementary role to core bond holdings by broadening sources of income and diversification across sectors, geographies, and credit qualities.
Fund Family Franklin Templeton Investments
Category Multisector Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PDVRX
Share Class Class R Shares
Index ICE BofA U.S.Treasury Bill TR
PDVRX had a total return of 4.81% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.14%.
