Putnam Short Duration Bond Fund Class R (PRARX)
| Fund Assets | 1.37B |
| Expense Ratio | 0.87% |
| Min. Investment | $500 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.62% |
| Dividend Growth | -0.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.07 |
| YTD Return | 0.49% |
| 1-Year Return | 5.49% |
| 5-Year Return | 12.83% |
| 52-Week Low | 9.57 |
| 52-Week High | 10.08 |
| Beta (5Y) | n/a |
| Holdings | 530 |
| Inception Date | Dec 23, 2008 |
About PRARX
Putnam Short Duration Bond Fund Class R is an actively managed mutual fund focused on high-quality, short-maturity fixed income. Its primary objective is to generate a high level of current income while emphasizing preservation of capital by concentrating on bonds with limited interest-rate sensitivity and an effective duration typically in the short-term range. The strategy invests broadly across investment-grade sectors, including U.S. Treasuries, corporate credit, asset-backed and other securitized debt, and may hold cash equivalents to manage liquidity and risk. The fund’s portfolio construction reflects diversification, with a relatively small proportion allocated to any single issuer and a modest share of assets in the top holdings, supporting risk control. Positioned within the short-term bond category, it is designed to dampen volatility compared with longer-duration bond funds and to provide a more stable return profile around interest-rate cycles. The fund’s mandate commonly includes maintaining at least a substantial majority of assets in bonds, aligning the vehicle with investors seeking income generation from short-dated, investment-grade fixed income instruments and a conservative posture within the broader bond market.
Performance
PRARX had a total return of 5.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.77%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0287 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0316 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0275 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03296 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02914 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03275 | Aug 29, 2025 |