Putnam Short Duration Bond R6 (PRREX)
| Fund Assets | 1.41B |
| Expense Ratio | 0.38% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.10% |
| Dividend Growth | -2.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.95 |
| YTD Return | 0.98% |
| 1-Year Return | 3.84% |
| 5-Year Return | 12.86% |
| 52-Week Low | 9.94 |
| 52-Week High | 10.07 |
| Beta (5Y) | 0.09 |
| Holdings | 593 |
| Inception Date | Jul 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.
Performance
PRREX had a total return of 3.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.41%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03363 | Jun 30, 2026 |
| May 29, 2026 | $0.03468 | May 29, 2026 |
| Apr 30, 2026 | $0.033 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03297 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03102 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03295 | Jan 30, 2026 |