Putnam Short Duration Bond Fund Class R6 (PRREX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.99
+0.01 (0.10%)
Apr 2, 2026, 4:00 PM EST
Fund Assets1.38B
Expense Ratio0.38%
Min. Investment$500
Turnover41.00%
Dividend (ttm)0.38
Dividend Yield3.80%
Dividend Growth-0.70%
Payout FrequencyMonthly
Ex-Dividend DateMar 31, 2026
Previous Close9.98
YTD Return0.04%
1-Year Return4.16%
5-Year Return12.42%
52-Week Low9.91
52-Week High10.07
Beta (5Y)n/a
Holdings553
Inception DateJul 2, 2012

About PRREX

Putnam Short Duration Bond Fund Class R6 is an actively managed open-end mutual fund focused on high-quality, short-maturity fixed income securities. Its primary objective is to provide current income with limited interest rate sensitivity by maintaining a short duration profile, typically emphasizing maturities of about one to three years common to the short-term bond category. The fund invests across a diversified mix of corporate bonds, securitized assets such as mortgage-backed and asset-backed securities, bank loans, and selected sovereign or agency issues, aiming to balance income generation with capital preservation. Portfolio construction leverages sector diversification and careful management of rate exposure to mitigate volatility relative to longer-duration strategies. The strategy’s role in the market is to serve investors seeking a conservative core bond holding or a cash-plus allocation, offering lower beta characteristics versus broad bond benchmarks and a relatively modest concentration in top holdings for enhanced diversification. Cost efficiency at the share class level further supports its utility as a building block within multi-asset and liability-aware allocations.

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

Performance

PRREX had a total return of 4.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.39%.

Dividend History

Ex-DividendAmountPay Date
Mar 31, 2026$0.03297Mar 31, 2026
Feb 27, 2026$0.03102Feb 27, 2026
Jan 30, 2026$0.03295Jan 30, 2026
Dec 31, 2025$0.036Dec 31, 2025
Nov 28, 2025$0.0314Nov 28, 2025
Oct 31, 2025$0.0375Oct 31, 2025
Full Dividend History