PARYX

About PARYX

Putnam Short Duration Bond Fund Class Y is an actively managed mutual fund focused on generating a high level of current income while emphasizing capital preservation. The strategy invests primarily in short-term bonds and other fixed income instruments, generally maintaining an effective duration of three years or less to help limit interest-rate sensitivity. The portfolio spans high-quality sectors of the U.S. bond market, allocating broadly across investment-grade corporates, asset-backed and mortgage-related securities, and U.S. government and agency obligations, with at least 80% of assets typically in fixed income securities under normal conditions. By concentrating on shorter maturities and diversified credit exposures, the fund aims to balance income generation with lower volatility relative to core bond funds. It serves investors seeking a conservative fixed income allocation that can complement cash management needs and reduce overall portfolio duration risk. The fund’s results are often assessed against a linked benchmark that includes short-term Treasury bill and short-duration bond market references, reflecting its focus on capital stability and incremental yield over cash.