Putnam Short Duration Bond Fund Class R (PRARX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.00
0.00 (0.00%)
At close: Apr 2, 2026
Fund Assets1.38B
Expense Ratio0.88%
Min. Investment$500
Turnover41.00%
Dividend (ttm)0.33
Dividend Yield3.33%
Dividend Growth-1.43%
Payout FrequencyMonthly
Ex-Dividend DateMar 31, 2026
Previous Close10.00
YTD Return-0.04%
1-Year Return3.68%
5-Year Return9.93%
52-Week Low9.92
52-Week High10.08
Beta (5Y)n/a
Holdings553
Inception DateDec 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.

Fund Family Franklin Templeton Investments
Category Short-Term Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PRARX
Index ICE BofA U.S. Corporates 1-3 Years TR

Performance

PRARX had a total return of 3.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.89%.

Dividend History

Ex-DividendAmountPay Date
Mar 31, 2026$0.02886Mar 31, 2026
Feb 27, 2026$0.02714Feb 27, 2026
Jan 30, 2026$0.0287Jan 30, 2026
Dec 31, 2025$0.0316Dec 31, 2025
Nov 28, 2025$0.0275Nov 28, 2025
Oct 31, 2025$0.03296Oct 31, 2025
Full Dividend History