DWS Short Duration Fund - Class R6 (PPLZX)
| Fund Assets | 1.16B |
| Expense Ratio | 0.38% |
| Min. Investment | $1,000 |
| Turnover | 133.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.82% |
| Dividend Growth | 0.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 8.51 |
| YTD Return | 0.24% |
| 1-Year Return | 5.60% |
| 5-Year Return | 14.69% |
| 52-Week Low | 8.07 |
| 52-Week High | 8.52 |
| Beta (5Y) | 0.10 |
| Holdings | 565 |
| Inception Date | Aug 25, 2014 |
About PPLZX
DWS Short Duration Fund is an actively managed mutual fund focused on investment-grade fixed income with a short interest-rate profile. Its primary objective is to provide income while limiting interest rate sensitivity by maintaining an average portfolio duration typically no longer than three years. The fund invests at least 65% of assets in securities rated within the top four credit tiers by nationally recognized rating agencies, while retaining flexibility to allocate a modest sleeve to below investment-grade issues to enhance spread income. The portfolio spans U.S. Treasuries, agency mortgage-backed securities, high-quality corporates, and securitized credit, using a blend of top-down sector allocation and bottom-up security selection. This approach emphasizes credit quality, relative value, and spread dynamics, with consideration of financially material ESG factors in the research process. Positioned within the short-term bond category, the strategy aims to offer a balance of income generation and lower duration risk relative to core bond funds, serving as a defensive building block or liquidity-aware core complement in diversified fixed income allocations.
Performance
PPLZX had a total return of 5.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.77%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FBNTX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class M | 0.51% |
| FBNAX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class A | 0.50% |
| FBNIX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class I | 0.30% |
| FANCX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class C | 1.36% |
| FIKTX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class Z | 0.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.03564 | Jan 27, 2026 |
| Dec 24, 2025 | $0.03518 | Dec 24, 2025 |
| Nov 21, 2025 | $0.03018 | Nov 21, 2025 |
| Oct 27, 2025 | $0.03649 | Oct 27, 2025 |
| Sep 24, 2025 | $0.03382 | Sep 24, 2025 |
| Aug 25, 2025 | $0.03248 | Aug 25, 2025 |