PPILX

About PPILX

DWS Short Duration Fund – Class Institutional is an actively managed mutual fund focused on short-term fixed income. Its primary objective is to provide high income while maintaining a high degree of capital stability, emphasizing investment-grade securities across government, agency, mortgage-backed, and corporate bonds with shorter maturities to limit interest-rate sensitivity. The strategy typically allocates at least a majority of assets to bonds rated in the top four credit tiers by nationally recognized rating agencies and spans varying maturities within a short-duration profile. The fund plays a role as a core short-term bond allocation for institutions seeking income generation with lower volatility than intermediate- or long-duration bond funds, and it is positioned within the short-term bond category for benchmarking against 1–3 year government/credit indices. Managed by DWS, it employs broad diversification—hundreds of holdings and modest top-10 concentration—to mitigate issuer-specific risk while aiming for competitive risk-adjusted returns in the short end of the yield curve.