Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 78

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 78
---
value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(e)

When-issued

or

delayed

delivery

security.

(f)

Portion

of

investment

purchased

on

a

delayed

delivery

basis.

(g)

Investment,

or

portion

of

investment,

represents

an

outstanding

unfunded

senior

loan

commitment.

(h)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(i)

The

rate

shown

is

the

annualized

seven-day

subsidized

yield

as

of

end

of

the

reporting

period.

(j)

Borrowings

as

a

percentage

of

Total

Investments

is

23.2%.

(k)

The

Fund

segregates

100%

of

its

eligible

investments

(excluding

any

investments

separately

pledged

as

collateral

for

specific

investments

in

derivatives,

when

applicable)

in

the

Portfolio

of

Investments

as

collateral

for

borrowings.

(l)

TFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

13.8%.

#### 31

#### Portfolio

#### of

#### Investments

#### January

#### 31,

#### 2025

#### JQC
See

Notes

to

### Financial
**Statements

(Unaudited)**

### PRINCIPAL

### DESCRIPTION

#### RATE

### MATURITY

#### VALUE

### LONG-TERM

### INVESTMENTS
#### -

#### 160.8%
**(98.0%**

#### of

#### Total

#### Investments)

### ASSET-BACKED

### SECURITIES
#### -

#### 7.7%
**(4.7%**

#### of

#### Total

#### Investments)
–

$

4,500,000

(a),(b)

AIMCO

CLO

10

Ltd,

(TSFR3M

+

4.250%),

2019

10A

8

.540

%

07/22/37

$

4,594,329

963,000

(a),(