Putnam Short Duration Bond R6 (PRREX)

Fund Assets	1.36B
Expense Ratio	0.391%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.41
Dividend Yield	4.14%
Dividend Growth	-2.06%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.83
YTD Return	0.92%
1-Year Return	1.98%
5-Year Return	12.84%
52-Week Low	9.81
52-Week High	10.07
Beta (5Y)	0.09
Holdings	611
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.

• Fund Family: Franklin Templeton, Inc
• 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 1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.36%.

Top 10 Holdings

19.01% of assets

Name	Symbol	Weight
Putnam Fds Tr	n/a	5.13%
United States Treasury Notes 3.875%	T.3.875 05.31.27	5.11%
Franklin Ultra Short Bond ETF	FLUD	2.48%
Banco Santander SA 1.722%	SANTAN.V1.722 09.14.27	1.42%
Goldman Sachs Group, Inc. 1.948%	GS.V1.948 10.21.27	1.09%
Citigroup Inc. 4.45%	C.4.45 09.29.27	0.79%
AutoNation, Inc. 0%	n/a	0.76%
Medline Borrower LP 3.875%	MEDIND.3.875 04.01.29 144A	0.75%
Berry Global Inc 1.65%	AMCR.1.65 01.15.27	0.75%
AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Tru	AER.6.1 01.15.27	0.73%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03443	Sep 30, 2026
Aug 31, 2026	$0.033	Aug 31, 2026
Jul 31, 2026	$0.03662	Jul 31, 2026
Jun 30, 2026	$0.03363	Jun 30, 2026
May 29, 2026	$0.03468	May 29, 2026
Apr 30, 2026	$0.033	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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