Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 28

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 28
---
%

N/R

(not

rated)

1.8%

#### Total

#### 100‌
#### %

#### Country

#### Allocation

#### 2
**(%**

#### of

#### total

#### investments)
United

States

67

.2‌

%

Canada

8

.7‌

%

United

Kingdom

8

.1‌

%

France

4

.6‌

%

Switzerland

2

.7‌

%

Spain

2

.5‌

%

Netherlands

1

.3‌

%

Germany

1

.1‌

%

Ireland

0

.9‌

%

Australia

0

.8‌

%

Italy

0

.6‌

%

Other

1

.5‌

%

#### Total

#### 100‌
#### %

1

See

the

Portfolio

of

Investments

for

the

remaining

industries/sectors

comprising  “Other”

and

not

listed

in

the

table

above.

2

Includes

1.1%

(as

a

percentage

of

total

investments)

in

emerging

market

countries.

#### 19

#### Portfolio

#### of

#### Investments

#### January

#### 31,

#### 2025

#### JFR
See

Notes

to

### Financial
**Statements

(Unaudited)**

### SHARES

### DESCRIPTION

#### RATE

#### VALUE

### LONG-TERM

### INVESTMENTS
#### -

#### 161.4%
**(96.6%**

#### of

#### Total

#### Investments)
**592,432

$25**

#### PAR
**(OR**

#### SIMILAR)

### RETAIL

### PREFERRED
#### -

#### 0

#### .0
#### %

**(**

#### 0

#### .0
#### %

#### of

#### Total

#### Investments)
592,432

### TRANSPORTATION
#### -

#### 0.0%
**(0.0%**

#### of

#### Total

#### Investments)
9,712

ACBL

HLDG

CORP

0

.000

%

$

592,432

TOTAL

### TRANSPORTATION
592,432

#### TOTAL
**$25**

#### PAR
**(OR**

#### SIMILAR)

### RETAIL

### PREFERRED
**(Cost

$296,216)**

#### 592,432

### PRINCIPAL