PRARX

About PRARX

Putnam Short Duration Bond Fund Class R is an actively managed mutual fund focused on high-quality, short-maturity fixed income. Its primary objective is to generate a high level of current income while emphasizing preservation of capital by concentrating on bonds with limited interest-rate sensitivity and an effective duration typically in the short-term range. The strategy invests broadly across investment-grade sectors, including U.S. Treasuries, corporate credit, asset-backed and other securitized debt, and may hold cash equivalents to manage liquidity and risk. The fund’s portfolio construction reflects diversification, with a relatively small proportion allocated to any single issuer and a modest share of assets in the top holdings, supporting risk control. Positioned within the short-term bond category, it is designed to dampen volatility compared with longer-duration bond funds and to provide a more stable return profile around interest-rate cycles. The fund’s mandate commonly includes maintaining at least a substantial majority of assets in bonds, aligning the vehicle with investors seeking income generation from short-dated, investment-grade fixed income instruments and a conservative posture within the broader bond market.