Nuveen Short Term Bond Fund R6 is an open-end mutual fund focused on investment-grade fixed income with a short duration profile. The strategy seeks current income by primarily investing in a blend of U.S. Treasuries, U.S. agency securities, and investment‑grade corporate bonds, maintaining an average maturity of less than five years to moderate interest rate sensitivity. The mandate includes flexibility to allocate to emerging market and non‑U.S. dollar denominated debt, providing measured diversification beyond core U.S. sectors. The fund’s short-term orientation positions it within the short-term bond category, aiming to balance income generation with lower volatility relative to intermediate and long-duration bond strategies. It plays a role in fixed income allocations as a core short-duration holding, often used for managing liquidity, tempering portfolio duration, and smoothing return variability during shifting rate environments. The R6 share class is designed for institutional platforms, typically emphasizing cost efficiency for retirement plans and fiduciary-focused investors. Performance, distributions, and holdings reflect the fund’s emphasis on high-quality credit and government-related securities, aligning with a conservative, income-first approach within the bond market.
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