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.
Fund Family DWS
Category Short-Term Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PPIAX
Share Class Class A
Index Bloomberg 1-3 Y Government/Credit TR
PPIAX had a total return of 2.97% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.75%.
