Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 25

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 25
---
‌

%

Contingent

Capital

Securities

59

.0‌

%

$25

Par

(or

similar)

Retail

Preferred

16

.1‌

%

U.S.

Government

and

Agency

Obligations

1

.7‌

%

Corporate

Bonds

1

.1‌

%

Repurchase

Agreements

1

.0‌

%

Other

Assets

&

Liabilities,

Net

0.6%

Reverse

Repurchase

Agreements,

including

accrued

interest

(

14

.7‌

)

%

Borrowings

(44.0)%

#### Net

#### Assets

#### 100‌
#### %

#### Portfolio

#### Composition

#### 1
**(%**

#### of

#### total

#### investments)
Banks

54.1%

### Financial
Services

17.3%

Insurance

10.8%

Utilities

5.7%

Energy

3.5%

Food,

Beverage

&

Tobacco

3.1%

Other

4.9%

Repurchase

Agreements

0.6%

#### Total

#### 100%

#### Top

#### Five

#### Issuers
**(%**

#### of

#### total

#### long-term

#### investments)
HSBC

Holdings

PLC

4.7%

Citigroup

Inc

4.5%

BNP

Paribas

SA

4.2%

UBS

Group

AG

3.8%

Wells

Fargo

&

Co

3.7%

#### Portfolio

#### Credit

#### Quality
**(%**

#### of

#### total

#### long-term

#### investments)
AAA

1.1%

BBB

74.7%

BB

or

Lower

22.2%

N/R

(not

rated)

2.0%

#### Total

#### 100‌
#### %

#### Country

#### Allocation

#### 2
**(%**

#### of

#### total

#### investments)
United

States

53

.9‌

%

United

Kingdom

14

.2‌

%

France

8

.4‌

%

Canada

5

.0‌

%

Spain

4

.8‌

%

Switzerland

4

.5‌

%

Netherlands

2

.4‌

%

Germany

1

.8‌

%

Italy

1

.0‌

%

Ireland

0