PDVRX

About PDVRX

Putnam Diversified Income Trust Class R is a multi-sector bond mutual fund designed to deliver a high level of current income while emphasizing preservation of capital. The strategy seeks returns from a broad opportunity set across traditional and alternative fixed income markets, operating outside a single benchmark’s constraints to diversify risk and income sources. The portfolio invests in securitized debt such as agency pass-throughs, CMOs, and non-agency residential and commercial mortgage-backed securities, alongside corporate credit across investment-grade and high-yield tiers, emerging markets debt, and bank loans. Its allocation reflects a flexible, macro-driven approach, with meaningful exposure to mortgages and credit, and active use of derivatives to manage interest-rate, currency, and credit risks. Classified by Morningstar as a nontraditional bond strategy and by Lipper as alternative credit focus, the fund distributes income monthly and is positioned to play a complementary role to core bond holdings by broadening sources of income and diversification across sectors, geographies, and credit qualities.