FSHAX

About FSHAX

Nuveen Short Term Municipal Bond Fund Class A is a mutual fund that invests primarily in short-term, investment-grade municipal bonds. The fund's principal objective is to provide current income that is exempt from federal income tax, while also seeking preservation of capital. It maintains a targeted average weighted maturity of three years or less, which positions it in the "Muni National Short" category and typically reduces interest rate risk compared to longer-duration bond funds. The portfolio consists largely of securities issued by state and local governments or agencies, supporting infrastructure and public projects across the United States. By focusing on municipal bonds, the fund appeals to investors with an interest in tax-advantaged income solutions. With hundreds of holdings and a regular monthly distribution, Nuveen Short Term Municipal Bond Fund Class A plays a significant role in the market by offering a lower volatility fixed income option, especially suited to those seeking stable cash flow and a measure of protection from federal taxes on income, within the constraints of short-duration risk and tax efficiency.