Putnam Short Duration Bond Fund Class R (PRARX)
| Fund Assets | 1.40B |
| Expense Ratio | 0.88% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.61% |
| Dividend Growth | -2.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.97 |
| YTD Return | 0.13% |
| 1-Year Return | 3.65% |
| 5-Year Return | 9.79% |
| 52-Week Low | 9.96 |
| 52-Week High | 10.08 |
| Beta (5Y) | n/a |
| Holdings | 562 |
| 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 3.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.88%.
Top 10 Holdings
24.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Us 2yr Note (Cbt) Jun26 Tum6 | n/a | 10.21% |
| United States Treasury Notes 3.875% | T.3.875 05.31.27 | 5.06% |
| Franklin Ultra Short Bond ETF | FLUD | 2.45% |
| Banco Santander SA 1.722% | SANTAN.V1.722 09.14.27 | 1.39% |
| Goldman Sachs Group, Inc. 1.948% | GS.V1.948 10.21.27 | 1.06% |
| Athene Global Funding 1.73% | ATH.1.73 10.02.26 144A | 0.85% |
| General Motors Financial Company Inc 1.5% | GM.1.5 06.10.26 | 0.80% |
| Citigroup Inc. 4.45% | C.4.45 09.29.27 | 0.79% |
| Celanese US Holdings Llc 1.4% | CE.1.4 08.05.26 | 0.76% |
| Block Inc 2.75% | XYZ.2.75 06.01.26 | 0.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.02888 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02886 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02714 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0287 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0316 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0275 | Nov 28, 2025 |