Nuveen Short Term Bond Index Fund
U.S. bond index fund · tracks Bloomberg U.S. 13 Year Government/Credit Bond Index
As of its 2026 Q2 report, Nuveen Short Term Bond Index Fund held 988 positions with $2.60B in net assets. Its ten largest holdings made up 32.2% of the fund. The TNSHX share class costs 0.07% a year. Over the 12 months to May 2026, TNSHX returned 3.6%, with dividends reinvested. In 2026 Q2 it added 145 new positions and exited 157.
The Fund seeks total return that corresponds with the total return of a short-term U.S. investment-grade bond market index.
The fund tracks the Bloomberg U.S. 13 Year Government/Credit Bond Index using a sampling technique to match its overall characteristics without holding all constituents, and maintains a dollar-weighted average maturity of no more than three years. The fund's use of sampling means its returns may diverge from the index due to the specific securities selected. The fund invests primarily in investment-grade U.S. Treasury, government-related, and corporate debt, with less than 20% typically in foreign fixed-income securities.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury Note/Bond 3.88% · due 2028-06-15 | 3.97% | $103.43M | — |
United States Treasury Note/Bond 4.13% · due 2027-11-15 | 3.92% | $101.94M | — |
United States Treasury Note/Bond 3.38% · due 2028-09-15 | 3.29% | $85.75M | — |
United States Treasury Note/Bond 4.25% · due 2028-01-15 | 3.25% | $84.59M | — |
United States Treasury Note/Bond 3.63% · due 2028-08-15 | 3.10% | $80.61M | — |
United States Treasury Note/Bond 3.50% · due 2029-01-15 | 3.00% | $78.22M | — |
United States Treasury Note/Bond 3.75% · due 2027-08-15 | 3.00% | $78.16M | — |
United States Treasury Note/Bond 3.50% · due 2028-11-15 | 2.90% | $75.60M | — |
United States Treasury Note/Bond 4.25% · due 2028-02-15 | 2.90% | $75.59M | — |
United States Treasury Note/Bond 3.88% · due 2029-05-15 | 2.82% | $73.43M | — |
The 200 largest of 988 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 98.41% |
| Cash & short-term | 0.99% |
| Securitized | 0.01% |
By sector
- Government
- 75.4%
- Financials
- 6.0%
- Other
- 5.6%
- International
- 4.1%
- 12 other sectors
- 8.9%
- Government
- 75.4%
- Financials
- 6.0%
- Other
- 5.6%
- International
- 4.1%
- Utilities
- 1.8%
- Information Technology
- 1.4%
- Health Care
- 1.3%
- Industrials
- 1.0%
- Consumer Staples
- 0.8%
- Consumer Discretionary
- 0.7%
- Communication Services
- 0.7%
- Real Estate
- 0.6%
- Energy
- 0.4%
- Materials
- 0.3%
- Cash
- 0.0%
- Securitized
- 0.0%
How it has done
TNSHX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.14%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.07% | +3.61% | +13.90% | +10.55% | -0.56% | |
| 0.24% | +3.43% | +13.21% | +9.64% | -0.58% | |
| 0.45% | +3.28% | +12.65% | +8.67% | -0.59% | |
| 0.32% | +3.36% | +13.05% | +9.18% | -0.69% | |
| 0.21% | +3.49% | +13.36% | +9.87% | -0.57% | |
| 0.00% | +3.68% | +14.14% | +10.98% | -0.56% |
These classes hold the same portfolio, so the 2.30pp spread over 5 years is the cost difference between them — roughly 0.46pp a year — not a difference in what they own.
Fees & fund details
Nuveen Short Term Bond Index Fund is a U.S. bond index fund that tracks the Bloomberg U.S. 13 Year Government/Credit Bond Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.00% – 0.45%· TNSHX 0.07%
- Portfolio turnover
- 55.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
145 new· the largest 3
157 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.5% |
| 1-3y | 92.9% |
| 3-5y | 3.4% |
| 5-10y | 0.0% |
| 10y+ | 0.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 50% |
| Interest rates | 50% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.83 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 1.27 yr | 70% |
| 5 yr | 0.53 yr | 29% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 1.28 yr | 70% |
| 5 yr | 0.54 yr | 30% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $618 | $0 |
| 1 yr | +1.27 | +1.28 | +0.00 | $333.4k | $0 |
| 5 yr | +0.53 | +0.54 | +0.00 | $141.4k | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $144 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $324 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
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