Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 171

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 171
---

may

pledge

up

to

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.

As

of

the

end

of

the

reporting

period,

investments

with

a

value

of

$291,909,013

have

been

pledged

as

collateral

for

borrowings.

(k)

Reverse

Repurchase

Agreements,

including

accrued

interest

as

a

percentage

of

Total

investments

is

9.3%.

#### 57

#### Portfolio

#### of

#### Investments

#### January

#### 31,

#### 2025

#### NPFD
See

Notes

to

### Financial
**Statements

(Unaudited)**

### PRINCIPAL
#### /

### SHARES

### DESCRIPTION

#### RATE

### MATURITY

#### VALUE

### LONG-TERM

### INVESTMENTS
#### -

#### 157.4%
**(99.6%**

#### of

#### Total

#### Investments)
**534571653

$1,000**

#### PAR
**(OR**

#### SIMILAR)

### INSTITUTIONAL

### PREFERRED
#### -

#### 110

#### .2
#### %

**(**

#### 69

#### .7
#### %

#### of

#### Total

#### Investments)
534571653

### AUTOMOBILES
#### &

### COMPONENTS
#### -

#### 3.8%
**(2.4%**

#### of

#### Total

#### Investments)
$

10,476,000

(a)

General

Motors

### Financial
Co

Inc

5

.750

%

N/A

$

10,199,824

8,195,000

(a)

General

Motors

### Financial
Co

Inc

5

.700

N/A

7,975,474

TOTAL

### AUTOMOBILES
&

### COMPONENTS
18,175,298

#### BANKS
#### -

#### 38.0%
**(24.0%**

#### of

#### Total

#### Investments)
2,219,000

(a)

Bank

of

America

Corp

6