Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 148

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 148
---
 of

#### Total

#### Investments)
15151312

4,883,000

CoBank

ACB

7.250

07/01/73

4,983,277

9,939,000

CoBank

ACB

7.125

12/30/49

10,168,035

#### TOTAL

#### U.S.

### GOVERNMENT

#### AND

### AGENCY

### OBLIGATIONS
**(Cost

$14,858,075)**

#### 15,151,312

#### TOTAL

### LONG-TERM

### INVESTMENTS
**(Cost

$4,058,848,945)**

#### 4,082,823,876

### PRINCIPAL

### DESCRIPTION

#### RATE

### MATURITY

#### VALUE

### SHORT-TERM

### INVESTMENTS
#### -

#### 1.1%(0.7%

#### of

#### Total

#### Investments)
28656420

### REPURCHASE

### AGREEMENTS
#### -

#### 1.1%
**(0.7%**

#### of

#### Total

#### Investments)
28656420

231,420

(h)

Fixed

Income

Clearing

Corporation

1

.360

02/03/25

231,420

28,425,000

(i)

Fixed

Income

Clearing

Corporation

4.320

02/03/25

28,425,000

#### TOTAL

### REPURCHASE

### AGREEMENTS
**(Cost

$28,656,420)**

#### 28,656,420

#### TOTAL

### SHORT-TERM

### INVESTMENTS
**(Cost

$28,656,420)**

#### 28,656,420

#### TOTAL

### INVESTMENTS
#### -

#### 159.9%
**(Cost

$4,087,505,365**

#### )

#### 4,111,480,296

### BORROWINGS
#### -

**(26.8)%

(j),(k)

(689,000,000)**

### REVERSE

### REPURCHASE

#### AGREEMENTS,

### INCLUDING

### ACCRUED

### INTEREST
#### -

**(18.3)%(l)

(471,781,787)**

#### TFP

#### SHARES,

#### NET
#### -

**(16.3)%(m)

(418,549,387**

#### )

#### OTHER