PPLZX

About PPLZX

DWS Short Duration Fund is an actively managed mutual fund focused on investment-grade fixed income with a short interest-rate profile. Its primary objective is to provide income while limiting interest rate sensitivity by maintaining an average portfolio duration typically no longer than three years. The fund invests at least 65% of assets in securities rated within the top four credit tiers by nationally recognized rating agencies, while retaining flexibility to allocate a modest sleeve to below investment-grade issues to enhance spread income. The portfolio spans U.S. Treasuries, agency mortgage-backed securities, high-quality corporates, and securitized credit, using a blend of top-down sector allocation and bottom-up security selection. This approach emphasizes credit quality, relative value, and spread dynamics, with consideration of financially material ESG factors in the research process. Positioned within the short-term bond category, the strategy aims to offer a balance of income generation and lower duration risk relative to core bond funds, serving as a defensive building block or liquidity-aware core complement in diversified fixed income allocations.