Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 193

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 193
---
,265,042‌

26,667,178‌

28,656,420‌

2,700,000‌

3,200,000‌

^

Cash

denominated

in

foreign

currencies,

cost

$

–‌

$

17‌

$

–‌

$

–‌

$

–‌

**

TFP

Shares,

liquidation

preference

285,000,000‌

140,000,000‌

420,000,000‌

–‌

85,000,000‌**

#### Statement

#### of

#### Assets

#### and

#### Liabilities
(continued)

See

Notes

to

### Financial
Statements

#### 64
(1)

Cash

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

derivatives

is

in

addition

to

the

Fund’s

securities

pledged

as

collateral

as

noted

in

the

Portfolio

of

Investments.

(2)

As

disclosed

in

Notes

to

### Financial
Statements.

#### Statement

#### of

### Operations
See

Notes

to

### Financial
Statements

#### 65

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2025
**(Unaudited)**

#### JFR

#### JQC

#### JPC

#### JPI

#### NPFD

### INVESTMENT

### INCOME
Dividends

$

181,296‌

$

239‌

$

13,773,980‌

$

1,782,168‌

$

2,893,453‌

Interest

86,086,097‌

54,658,943‌

120,227,047‌

12,768,071‌

19,993,127‌

Rehypothecation

income

—‌

—‌

130,062‌

16,736‌

—‌

Total

investment

income

86,267,393‌

54,659,182‌

134,131,089‌

14,566,975‌

22,886,580‌

### EXPENSES
–

–

–

–

–

### Management
fees

7,761,957‌

5,320,267‌

15,841,657‌

1,935,141‌

3,514,