Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 189

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 189
---
ged

as

collateral

for

specific

investments

in

derivatives,

when

applicable)

in

the

Portfolio

of

Investments

as

collateral

for

borrowings.

As

of

the

end

of

the

reporting

period,

investments

with

a

value

of

$281,333,639

have

been

pledged

as

collateral

for

borrowings.

(j)

Reverse

Repurchase

Agreements,

including

accrued

interest

as

a

percentage

of

Total

investments

is

3.6%.

#### Portfolio

#### of

#### Investments

#### January

#### 31,

#### 2025
(continued)

#### NPFD

#### 62
See

Notes

to

### Financial
Statements

(k)

TFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

11.0%.

#### Statement

#### of

#### Assets

#### and

#### Liabilities
See

Notes

to

### Financial
Statements

#### 63

#### January

#### 31,

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

#### JFR

#### JQC

#### JPC

#### JPI

#### NPFD

### ASSETS
Long-term

investments,

at

value

†

$

1,990,679,299‌

$

1,280,325,625‌

$

4,082,823,876‌

$

442,872,290‌

$

764,068,179‌

Short-term

investments,

at

value

◊

69,265,042‌

26,667,178‌

28,656,420‌

2,700,000‌

3,200,000‌

Cash

–‌

–‌

665,585‌

120,871‌

106,005‌

Cash

denominated

in

foreign

currencies

^

–‌

16‌

–‌

–‌

–‌

Unrealized

appreciation

on

interest

rate

swaps

contracts

–‌

–‌

13,041,892‌

–‌

–‌

Receivables:

Dividends

–‌

–‌

251,285‌

14,695‌

–‌

Interest

12,544,424‌

9