DWS Short Duration Fund - Class Inst (PPILX)
| Fund Assets | 1.18B |
| Expense Ratio | 0.38% |
| Min. Investment | $1,000,000 |
| Turnover | 133.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.83% |
| Dividend Growth | -2.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2026 |
| Previous Close | 8.39 |
| YTD Return | 0.47% |
| 1-Year Return | 3.75% |
| 5-Year Return | 13.67% |
| 52-Week Low | 8.37 |
| 52-Week High | 8.52 |
| Beta (5Y) | 0.12 |
| Holdings | 574 |
| Inception Date | Aug 27, 2008 |
About PPILX
DWS Short Duration Fund – Class Institutional is an actively managed mutual fund focused on short-term fixed income. Its primary objective is to provide high income while maintaining a high degree of capital stability, emphasizing investment-grade securities across government, agency, mortgage-backed, and corporate bonds with shorter maturities to limit interest-rate sensitivity. The strategy typically allocates at least a majority of assets to bonds rated in the top four credit tiers by nationally recognized rating agencies and spans varying maturities within a short-duration profile. The fund plays a role as a core short-term bond allocation for institutions seeking income generation with lower volatility than intermediate- or long-duration bond funds, and it is positioned within the short-term bond category for benchmarking against 1–3 year government/credit indices. Managed by DWS, it employs broad diversification—hundreds of holdings and modest top-10 concentration—to mitigate issuer-specific risk while aiming for competitive risk-adjusted returns in the short end of the yield curve.
Performance
PPILX had a total return of 3.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2026 | $0.03352 | Jun 24, 2026 |
| May 22, 2026 | $0.03152 | May 22, 2026 |
| Apr 24, 2026 | $0.03536 | Apr 24, 2026 |
| Mar 25, 2026 | $0.03224 | Mar 25, 2026 |
| Feb 23, 2026 | $0.0313 | Feb 23, 2026 |
| Jan 27, 2026 | $0.03562 | Jan 27, 2026 |