Company: NPFD
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230111
Chunk: 72

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 72
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 to 100% of its assets in high quality, short-term securities, and in short-, intermediate-, or long-term U.S. Treasury securities. There can be no assurance that such techniques will be successful. Accordingly, during such periods, the Fund may not achieve its investment objective.

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NUVEEN CREDIT STRATEGIES INCOME FUND (JQC) Investment Objectives The Fund’s primary investment objective is to achieve a high level of current income. The Fund’s secondary investment objective is total return. Investment Policies The Fund will invest at least 80% of its Assets (as defined below), at time of purchase, in instruments that are senior to its common equity in the issuer’s capital structure, including but not limited to loans, debt securities and preferred securities. “Assets” mean the net assets of the Fund plus the amount of any borrowings for investment purposes. “Managed Assets” mean the total assets of the Fund, minus the sum of its accrued liabilities (other than Fund liabilities incurred for the express purpose of creating leverage). Total assets for this purpose shall include assets attributable to the Fund’s use of leverage (whether or not those assets are reflected in the Fund’s financial statements for purposes of generally accepted accounting principles), and derivatives will be valued at their market value. Under normal circumstances:

| • |     | The Fund may invest without limitation in instruments that are rated below investment grade or are unrated but judged                                                                                                                    
 to be of comparable quality. Investment grade quality instruments are those that are (i) rated by at least one nationally recognized statistical rating organization (“NRSRO”) within the four highest grades (BBB- or Baa3 or better by 
 S&P, Moody’s or Fitch), or (ii) unrated but judged to be of comparable quality. However, the Fund may not invest more than 30% of its Managed Assets in instruments that are rated CCC/Caa or lower at the time of investment (or are    
 unrated but judged by the Fund’s sub-adviser to be of comparable quality).                                                                                                                                                               |

| • |     | The Fund may invest up to 20% of its Managed Assets in instruments of                                                                                             
 non-U.S. issuers that are U.S. dollar or non-U.S. dollar denominated, including instruments of issuers located, or conducting their business in, emerging markets 
 countries.                                                                                                                                                        |

| • |     | The Fund may invest up to 25% of its Managed Assets in collateralized loan obligation (“CLO”) debt