PPIAX

About PPIAX

DWS Short Duration Fund - Class A is a short-term bond mutual fund designed to generate high income while maintaining a high degree of capital stability. The fund employs a high-quality, multi-sector approach, diversifying across government, agency mortgage-backed, securitized, and corporate debt, with a mandate to keep the majority of assets in investment-grade securities. Its strategy focuses on limited interest-rate sensitivity, reflected in a short effective duration profile that seeks to dampen price volatility relative to intermediate and long-term bond funds. The portfolio often includes U.S. Treasuries, agency mortgage-backed securities, and other high-quality fixed income instruments, aligning with a conservative credit posture and measured spread exposure. Positioned within the short-term bond category, the fund serves as a core fixed income holding for investors seeking income, liquidity, and rate risk management, including potential use as an interest-rate hedging complement to longer-duration holdings. It targets consistent income distribution and capital preservation through careful sector allocation and active risk management across credit quality, duration, and securitized markets.