Nuveen Short Term Bond Index Fund R6 is an open-end mutual fund designed to track the performance of the short-term U.S. investment‑grade bond market. It seeks total return by investing primarily in a diversified mix of government and high-quality corporate debt with maturities concentrated in the one‑to‑three‑year range, aligning its portfolio with the Bloomberg U.S. 1–3 Year Government/Credit Bond Index through an index‑sampling approach. The fund emphasizes interest rate risk control and liquidity by focusing on shorter duration securities, which are typically less sensitive to rate fluctuations than intermediate- or long‑duration bonds. It distributes income monthly and holds a broad number of positions to mirror the index’s characteristics and sector exposures across Treasuries, agencies, and investment‑grade corporates. Within the fixed income landscape, Nuveen Short Term Bond Index Fund R6 serves as a core short-duration allocation for investors seeking efficient exposure to high‑quality bonds, systematic index methodology, and transparent risk characteristics associated with the short end of the curve.
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