Putnam Short Duration Bond R (PRARX)
| Fund Assets | 1.40B |
| Expense Ratio | 0.88% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.60% |
| Dividend Growth | -2.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.96 |
| YTD Return | 0.74% |
| 1-Year Return | 3.22% |
| 5-Year Return | 10.31% |
| 52-Week Low | 9.95 |
| 52-Week High | 10.08 |
| Beta (5Y) | 0.08 |
| Holdings | 593 |
| 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 3.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.91%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02954 | Jun 30, 2026 |
| May 29, 2026 | $0.03044 | May 29, 2026 |
| 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 |