DWS Short Duration Fund - Class A (PPIAX)
| Fund Assets | 1.18B |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 133.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 4.01% |
| Dividend Growth | -2.21% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jun 24, 2026 |
| Previous Close | 8.39 |
| YTD Return | 0.59% |
| 1-Year Return | 3.56% |
| 5-Year Return | 11.78% |
| 52-Week Low | 8.37 |
| 52-Week High | 8.51 |
| Beta (5Y) | 0.12 |
| Holdings | 574 |
| Inception Date | Nov 29, 2002 |
About PPIAX
DWS Short Duration Fund - Class A is a short-term bond mutual fund designed to generate high income while maintaining a high degree of capital stability. The fund employs a high-quality, multi-sector approach, diversifying across government, agency mortgage-backed, securitized, and corporate debt, with a mandate to keep the majority of assets in investment-grade securities. Its strategy focuses on limited interest-rate sensitivity, reflected in a short effective duration profile that seeks to dampen price volatility relative to intermediate and long-term bond funds. The portfolio often includes U.S. Treasuries, agency mortgage-backed securities, and other high-quality fixed income instruments, aligning with a conservative credit posture and measured spread exposure. Positioned within the short-term bond category, the fund serves as a core fixed income holding for investors seeking income, liquidity, and rate risk management, including potential use as an interest-rate hedging complement to longer-duration holdings. It targets consistent income distribution and capital preservation through careful sector allocation and active risk management across credit quality, duration, and securitized markets.
Performance
PPIAX had a total return of 3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.74%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 22, 2026 | $0.02985 | May 22, 2026 |
| Apr 24, 2026 | $0.03279 | Apr 24, 2026 |
| Mar 25, 2026 | $0.02966 | Mar 25, 2026 |
| Feb 23, 2026 | $0.02898 | Feb 23, 2026 |
| Jan 27, 2026 | $0.03291 | Jan 27, 2026 |
| Dec 24, 2025 | $0.03256 | Dec 24, 2025 |