Nuveen Short Term Municipal Bond Fund Class A FSHAX

Medalist Rating as of Sep 30, 2026 See Nuveen Investment Hub

NAV / 1-Day Return$9.77 / 0.00
Fund Size$473.1M
Adjusted Expense Ratio0.600%
Net Expense Ratio0.610%
Fee Level: DistributionBelow Average
Share Class TypeFront Load
Morningstar CategoryMuni National Short
Fixed-Income Style Box (Funds)Medium/Limited
Minimum Initial Investment$2,500
Investment StatusOpen
TTM Yield2.77%
Average Effective Duration1.57 yrs

NAV and 1-Day Return as of Nov 12, 2026, 1:11:04 AM

Will FSHAX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FSHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FSHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Nuveen Short Term Municipal Bond A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings FSHAX

More FSHAX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings9.6

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%	1.45	6M	Cash and Equivalents
FLORIDA ST MUN PWR AGY REV 5%	1.27	5M	municipal
WASHINGTON ST 5%	1.26	5M	municipal
ALASKA ST HSG FIN CORP 5%	1.22	5M	municipal
UNIVERSITY TEX UNIV REVS 5%	1.17	5M	municipal
DENVER COLO CITY & CNTY ARPT REV 5.25%	0.85	4M	Cash and Equivalents
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%	0.84	4M	municipal
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.45%	0.84	4M	municipal
HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5%	0.80	3M	municipal
MICHIGAN ST BLDG AUTH REV 5%	0.77	3M	municipal

Nuveen Short Term Municipal Bond Fund Class A FSHAX

Morningstar’s Analysis FSHAX

Will FSHAX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings FSHAX

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

FLORIDA ST MUN PWR AGY REV 5%

WASHINGTON ST 5%

ALASKA ST HSG FIN CORP 5%

UNIVERSITY TEX UNIV REVS 5%

DENVER COLO CITY & CNTY ARPT REV 5.25%

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.45%

HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5%

MICHIGAN ST BLDG AUTH REV 5%

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