# EDGAR Filing Document

**Accession Number:** 0001865389
**File Stem:** 0001865389-26-000012
**Filing Date:** 2026-6
**Character Count:** 105685
**Document Hash:** d5e945342edf52ad759b2b13e633c3f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001865389-26-000012.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0001865389-26-000012

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Variable Rate Preferred & Income Fund
- **CENTRAL INDEX KEY:** 0001865389

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23704
- **FILM NUMBER:** 261114006

**BUSINESS ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Nport-Ex

#### Portfolio

#### of

#### Investments

#### April

#### 30,

#### 2026

#### NPFD
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

157.5%

(99.3%

of

Total

Investments)

678606895

CORPORATE

BONDS

-

.9

%

(89

.5

%

of

Total

Investments)

(a) 678606895

AUTOMOBILES

&

COMPONENTS

-

2.8%

(1.8%

of

Total

Investments)

$

10,476,000

(b),(c)

General

Motors

Financial

Co

Inc

.750

%

N/A

$

10,385,850

3,195,000

(b),(c)

General

Motors

Financial

Co

Inc

.700

N/A

3,139,420

TOTAL

AUTOMOBILES

&

COMPONENTS

13,525,270

BANKS

-

72.5%

(45.7%

of

Total

Investments)

2,495,000

(b),(d)

Banco

Bilbao

Vizcaya

Argentaria

SA

.125

N/A

2,498,281

1,027,000

(b),(d),(e)

Banco

Bilbao

Vizcaya

Argentaria

SA

.125

N/A

1,027,000

1,400,000

(b),(d)

Banco

Bilbao

Vizcaya

Argentaria

SA

.750

N/A

1,481,774

3,075,000

(b),(d)

Banco

Bilbao

Vizcaya

Argentaria

SA

.375

N/A

3,385,523

1,940,000

(b),(d),(f)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

.750

N/A

2,097,111

715,000

(b),(d),(f)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

.500

N/A

731,726

1,595,000

(b),(d),(f)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

.625

N/A

1,630,573

6,800,000

(b),(d)

Banco

Santander

SA

.625

N/A

8,074,293

3,200,000

(b),(d)

Banco

Santander

SA

.000

N/A

3,475,389

6,425,000

(b),(c)

Bank

of

America

Corp

.250

N/A

6,493,561

17,981,000

(b),(c)

Bank

of

America

Corp

.625

N/A

18,544,956

4,783,000

(c) Bank

of

Montreal

.300

11/26/84

5,038,972

3,538,000

(c) Bank

of

Montreal

.875

11/26/85

3,620,524

1,470,000

(c) Bank

of

Montreal

.700

05/26/84

1,544,338

3,090,000

(c),(g)

Bank

of

Nova

Scotia/The

.000

01/27/84

3,276,970

2,555,000

(c) Bank

of

Nova

Scotia/The

.875

10/27/85

2,585,437

3,510,000

(b),(d)

Barclays

PLC

.000

N/A

3,683,910

977,000

(b),(d)

Barclays

PLC

.625

N/A

1,029,025

3,083,000

(b),(d)

Barclays

PLC

.625

N/A

3,440,505

2,513,000

(b),(d),(f)

BNP

Paribas

SA

.000

N/A

2,527,741

986,000

(b),(d),(f)

BNP

Paribas

SA

.450

N/A

1,021,422

1,997,000

(b),(d),(f)

BNP

Paribas

SA

.375

N/A

2,071,019

5,225,000

(b),(d),(f)

BNP

Paribas

SA

.000

N/A

5,591,252

2,430,000

(b),(d),(f)

BNP

Paribas

SA

.500

N/A

2,567,453

2,150,000

(b),(d),(f)

BNP

Paribas

SA

.250

N/A

2,266,048

2,856,000

(b),(d),(f)

BNP

Paribas

SA

.750

N/A

2,995,573

1,646,000

(c) Canadian

Imperial

Bank

of

Commerce

.500

07/28/86

1,640,913

3,298,000

(c) Canadian

Imperial

Bank

of

Commerce

.000

10/28/85

3,384,200

3,617,000

(c) Canadian

Imperial

Bank

of

Commerce

.950

01/28/85

3,687,644

1,092,000

(b),(c)

Citigroup

Inc

.250

N/A

1,092,252

1,650,000

(b),(c)

Citigroup

Inc

.375

N/A

1,695,243

13,100,000

(b),(c)

Citigroup

Inc

.625

N/A

13,622,926

5,351,000

(b),(c)

Citigroup

Inc

.125

N/A

5,429,328

3,014,000

(b),(c)

Citigroup

Inc

.000

N/A

3,130,874

2,717,000

(b),(c)

Citigroup

Inc

.625

N/A

2,750,302

4,177,000

(b),(c)

Citigroup

Inc

.875

N/A

4,240,916

6,500,000

(b),(c),(h)

Citizens

Financial

Group

Inc

(TSFR3M

+

3.419%)

.097

N/A

6,496,357

4,326,000

(b),(d),(f)

Credit

Agricole

SA

.125

N/A

4,483,613

4,185,000

(b),(d),(f)

Credit

Agricole

SA

.700

N/A

4,226,716

2,224,000

(b),(c),(h)

Fifth

Third

Bancorp

(TSFR3M

+

3.295%)

.994

N/A

2,218,106

7,070,000

(b),(c),(h)

First

Citizens

BancShares

Inc/NC

(TSFR3M

+

4.234%)

.908

N/A

7,114,117

2,020,000

(b),(c)

First

Citizens

BancShares

Inc/NC

.000

N/A

2,030,110

4,560,000

(b),(d)

HSBC

Holdings

PLC

.000

N/A

4,754,511

3,763,000

(b),(d)

HSBC

Holdings

PLC

.875

N/A

3,855,190

4,539,000

(b),(d)

HSBC

Holdings

PLC

.950

N/A

4,700,647

1,171,000

(b),(d)

HSBC

Holdings

PLC

.950

N/A

1,196,329

1,706,000

(b),(d)

HSBC

Holdings

PLC

.750

N/A

1,727,932

7,400,000

(b),(c)

Huntington

Bancshares

Inc/OH

.625

N/A

7,479,853

3,406,000

(b),(c)

Huntington

Bancshares

Inc/OH

.250

N/A

3,410,888

6,795,000

(b),(d)

ING

Groep

NV,

Reg

S

.500

N/A

7,033,010

3,784,000

(b),(d)

ING

Groep

NV

.000

N/A

3,913,367

8,663,000

(b),(c)

JPMorgan

Chase

&

Co

.500

N/A

8,893,046

7,561,000

(b),(c)

JPMorgan

Chase

&

Co

.100

N/A

7,561,000

17,767,000

(b),(c)

JPMorgan

Chase

&

Co

.875

N/A

18,508,506

1,300,000

(b),(d)

Lloyds

Banking

Group

PLC

.750

N/A

1,337,413

#### Portfolio

#### of

#### Investments

#### April

#### 30,

#### 2026
(continued)

#### NPFD

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

BANKS

(continued)

$

6,996,000

(b),(d)

Lloyds

Banking

Group

PLC

.000

%

N/A

$

7,460,842

3,000,000

(b),(c)

M&T

Bank

Corp

.125

N/A

2,986,779

1,500,000

(b),(d),(f)

Macquarie

Bank

Ltd/London

.125

N/A

1,508,983

7,262,000

(b),(d)

NatWest

Group

PLC

.125

N/A

8,017,778

1,370,000

(b),(d)

NatWest

Group

PLC

.300

N/A

1,421,768

745,000

(b),(d),(f)

Nordea

Bank

Abp

.300

N/A

752,329

2,280,000

(b),(d),(f)

Nordea

Bank

Abp

.750

N/A

2,323,425

2,445,000

(b),(c)

PNC

Financial

Services

Group

Inc/The

.000

N/A

2,445,379

6,990,000

(b),(c)

PNC

Financial

Services

Group

Inc/The

.200

N/A

7,036,490

5,735,000

(b),(c)

PNC

Financial

Services

Group

Inc/The

.250

N/A

5,827,890

3,586,000

(c) Royal

Bank

of

Canada

.750

08/24/85

3,649,436

3,301,000

(c) Royal

Bank

of

Canada

.500

05/24/86

3,268,708

770,000

(b),(d),(f)

Societe

Generale

SA

.500

N/A

844,550

4,952,000

(b),(d),(f)

Societe

Generale

SA

.125

N/A

4,901,027

3,631,000

(b),(d),(f)

Societe

Generale

SA

.000

N/A

3,968,629

1,680,000

(b),(d),(f)

Societe

Generale

SA

.375

N/A

1,771,683

1,700,000

(b),(d),(f)

Standard

Chartered

PLC

.750

N/A

1,751,977

3,240,000

(c) Toronto-Dominion

Bank/The

.350

10/31/85

3,261,782

3,495,000

(c) Toronto-Dominion

Bank/The

.125

10/31/82

3,635,324

13,209,000

(b),(c)

Truist

Financial

Corp

.669

N/A

13,214,033

12,345,000

(b),(c)

Wells

Fargo

&

Co

.625

N/A

12,962,485

12,874,000

(b),(c)

Wells

Fargo

&

Co

.850

N/A

13,391,509

5,740,000

(b),(c)

Wells

Fargo

&

Co

.125

N/A

5,759,895

TOTAL

BANKS

346,478,386

CAPITAL

GOODS

-

1.8%

(1.1%

of

Total

Investments)

3,673,000

(c),(f)

ILFC

E-Capital

Trust

I

.270

12/21/65

3,149,369

5,601,000

(b),(c)

Sumisho

Air

Lease

Corp

.000

N/A

5,425,730

TOTAL

CAPITAL

GOODS

8,575,099

ENERGY

-

12.2%

(7.7%

of

Total

Investments)

4,546,000

(c) Enbridge

Inc

.500

07/15/77

4,535,665

6,360,000

(c) Enbridge

Inc

.625

01/15/83

6,891,321

8,696,000

(c) Enbridge

Inc

.500

01/15/84

9,905,707

761,000

(b),(c)

Energy

Transfer

LP

.625

N/A

767,704

6,970,000

(b),(c)

Energy

Transfer

LP

.125

N/A

7,158,434

1,886,000

(b),(c)

Energy

Transfer

LP

.500

N/A

1,888,224

4,570,000

(c) Energy

Transfer

LP

.000

05/15/54

4,844,322

4,947,000

(c) Energy

Transfer

LP

.750

02/15/56

4,982,549

3,554,000

(c),(g)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

.500

03/01/55

3,757,411

2,870,000

(b),(c),(f)

Sunoco

LP

.875

N/A

2,972,046

5,600,000

(c) TransCanada

PipeLines

Ltd

.590

05/15/67

4,986,886

2,155,000

(c) Transcanada

Trust

.600

03/07/82

2,128,675

3,673,000

(b),(c),(f)

Venture

Global

LNG

Inc

.000

N/A

3,632,754

TOTAL

ENERGY

58,451,698

FINANCIAL

SERVICES

-

19.9%

(12.6%

of

Total

Investments)

3,350,000

(c) AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

.950

03/10/55

3,468,995

3,200,000

(c) AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust

.500

01/31/56

3,257,626

2,906,000

(b),(c)

Ally

Financial

Inc

.700

N/A

2,795,823

2,853,000

(b),(c)

Ally

Financial

Inc

.100

N/A

2,850,754

3,250,000

(b),(c),(f)

Capital

Farm

Credit

ACA

.393

N/A

3,217,500

3,690,000

(b),(c)

Capital

One

Financial

Corp

.500

N/A

3,650,055

3,657,000

(b),(c)

Charles

Schwab

Corp/The

.100

N/A

3,658,622

350,000

(b),(c),(f)

Compeer

Financial

ACA

.875

N/A

343,000

2,574,000

(b),(c),(f)

Compeer

Financial

ACA

.875

N/A

2,612,611

2,012,000

(b),(c)

Corebridge

Financial

Inc

.875

N/A

2,069,473

3,325,000

(i) Credit

Suisse

Group

AG

.500

01/17/72

1,130,500

2,460,000

(i) Credit

Suisse

Group

AG

.500

06/11/72

836,400

5,850,000

(i) Credit

Suisse

Group

AG

.380

02/21/72

1,989,000

9,004,000

(i) Credit

Suisse

Group

AG

.000

01/17/72

3,061,360

5,600,000

(b),(d)

Deutsche

Bank

AG,

Reg

S

.130

N/A

5,941,074

5,249,000

(b),(c)

Goldman

Sachs

Group

Inc/The

.125

N/A

5,288,199

5,784,000

(b),(c)

Goldman

Sachs

Group

Inc/The

.850

N/A

5,958,798

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FINANCIAL

SERVICES

(continued)

$

11,071,000

(b),(c)

Goldman

Sachs

Group

Inc/The

.500

%

N/A

$

11,570,114

5,140,000

(b),(c)

Goldman

Sachs

Group

Inc/The

.500

N/A

5,403,332

1,600,000

(b),(d)

Julius

Baer

Group

Ltd,

Reg

S

.500

N/A

1,652,524

1,026,000

(b),(d)

Nomura

Holdings

Inc

.000

N/A

1,057,158

4,250,000

(b),(c)

State

Street

Corp

.700

N/A

4,379,476

1,280,000

(b),(d),(f)

UBS

Group

AG

.000

N/A

1,302,601

3,853,000

(b),(d),(f)

UBS

Group

AG

.250

N/A

4,496,601

4,325,000

(b),(d),(f)

UBS

Group

AG

.250

N/A

4,680,191

3,892,000

(b),(d),(f)

UBS

Group

AG

.750

N/A

4,151,814

4,352,000

(b),(c)

Voya

Financial

Inc

.758

N/A

4,539,136

TOTAL

FINANCIAL

SERVICES

95,362,737

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.5%

(0.3%

of

Total

Investments)

1,381,000

(c) CVS

Health

Corp

.750

12/10/54

1,430,752

1,174,000

(c) CVS

Health

Corp

.000

03/10/55

1,218,045

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

2,648,797

INSURANCE

-

13.9%

(8.8%

of

Total

Investments)

3,308,000

(c) American

National

Group

Inc

.000

12/01/55

3,232,673

8,045,000

(c),(g)

Assurant

Inc

.000

03/27/48

8,148,929

3,000,000

(c),(f)

Assured

Guaranty

Municipal

Holdings

Inc

.400

12/15/66

2,844,119

3,982,000

(c) Corebridge

Financial

Inc

.375

09/15/54

3,959,504

3,601,000

(c) Enstar

Finance

LLC

.500

01/15/42

3,532,951

2,061,000

(c),(f)

Enstar

Group

Ltd

.500

04/01/45

2,133,601

2,000,000

(c) MetLife

Inc

.750

08/01/39

2,596,748

2,518,000

(c) MetLife

Inc

.350

03/15/55

2,577,578

1,219,000

(c) MetLife

Inc

.850

03/15/56

1,202,507

3,396,000

(f) Omnis

Funding

Trust

.722

05/15/55

3,483,107

3,248,000

(c),(g)

Prudential

Financial

Inc

.750

03/01/53

3,420,280

6,688,000

(c) Prudential

Financial

Inc

.500

03/15/54

6,886,660

3,323,000

(b),(c)

RLGH

Finance

Bermuda

Ltd,

Reg

S

.875

N/A

3,328,734

13,500,000

(b),(c),(f)

SBL

Holdings

Inc

.508

N/A

12,765,542

3,415,000

(b),(c),(f)

SBL

Holdings

Inc

.500

N/A

3,086,968

2,955,000

(b),(d)

Standard

Life

PLC,

Reg

S

.500

N/A

3,150,908

TOTAL

INSURANCE

66,350,809

MATERIALS

-

0.5%

(0.3%

of

Total

Investments)

2,434,000

(b),(c),(f)

Cemex

SAB

de

CV

.200

N/A

2,520,431

TOTAL

MATERIALS

2,520,431

MEDIA

&

ENTERTAINMENT

-

0.6%

(0.4%

of

Total

Investments)

2,566,000

(b),(c),(f)

Farm

Credit

Bank

of

Texas

.750

N/A

2,665,897

TOTAL

MEDIA

&

ENTERTAINMENT

2,665,897

TELECOMMUNICATION

SERVICES

-

4.3%

(2.7%

of

Total

Investments)

3,791,000

(c) Bell

Telephone

Co

of

Canada

or

Bell

Canada

.000

09/15/55

3,934,114

3,941,000

(c) Rogers

Communications

Inc

.125

04/15/55

4,065,577

1,977,000

(c) TELUS

Corp

.000

10/15/55

2,044,867

10,000,000

(c) Vodafone

Group

PLC

.000

04/04/79

10,428,780

TOTAL

TELECOMMUNICATION

SERVICES

20,473,338

UTILITIES

-

12.9%

(8.1%

of

Total

Investments)

1,300,000

(c),(f)

AES

Andes

SA

.150

06/10/55

1,366,749

2,456,000

(c),(g)

AES

Corp/The

.600

01/15/55

2,502,003

3,817,000

(c) AES

Corp/The

.950

07/15/55

3,723,668

1,302,000

(c),(f)

AltaGas

Ltd

.200

10/15/54

1,352,696

3,416,000

(c) CMS

Energy

Corp

.500

06/01/55

3,499,952

3,593,000

(c) Dominion

Energy

Inc

.000

06/01/54

3,831,176

3,000,000

(c) Dominion

Energy

Inc

.625

05/15/55

3,068,241

3,244,000

(c) Duke

Energy

Corp

.450

09/01/54

3,389,172

2,404,000

(c) Edison

International

.125

06/15/53

2,466,343

1,529,000

(c) Edison

International

.875

06/15/54

1,577,225

726,000

(c) Emera

US

Finance

LLC

.850

10/01/56

728,172

4,322,000

(c),(g)

Entergy

Corp

.125

12/01/54

4,449,404

2,713,000

(c) EUSHI

Finance

Inc

.625

12/15/54

2,808,773

6,174,000

(c),(g)

NextEra

Energy

Capital

Holdings

Inc

.750

06/15/54

6,464,944

1,925,000

(c) PG&E

Corp

.375

03/15/55

1,979,972

#### Portfolio

#### of

#### Investments

#### April

#### 30,

#### 2026
(continued)

#### NPFD

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

1,330,000

(c),(f)

Puget

Energy

Inc

.250

%

09/15/56

$

1,337,476

6,476,000

(c) Sempra

.550

04/01/55

6,542,534

1,921,000

(c) Sempra

.375

04/01/56

1,942,922

1,560,000

(b),(c),(f)

Vistra

Corp

.000

N/A

1,573,709

2,215,000

(b),(c),(f)

Vistra

Corp

.000

N/A

2,221,470

4,398,000

(b),(c),(f)

Vistra

Corp

.875

N/A

4,727,832

TOTAL

UTILITIES

61,554,433

TOTAL

CORPORATE

BONDS

(Cost

$684,187,794)

678,606,895

SHARES

DESCRIPTION

RATE

VALUE

60369322

PREFERRED

STOCK

-

.6

%

(7

.9

%

of

Total

Investments)

60369322

BANKS

-

4.3%

(2.7%

of

Total

Investments)

121,601

Fifth

Third

Bancorp

.671

3,091,097

106,650

(j) First

Horizon

Corp

.750

2,671,583

62,700

KeyCorp

.125

1,568,754

297,600

KeyCorp

.200

7,496,544

31,966

KeyCorp

.625

683,433

31,875

KeyCorp

.650

684,994

5,984

Pinnacle

Financial

Partners,

Inc

.397

156,781

163,723

Regions

Financial

Corp

.700

4,066,879

TOTAL

BANKS

20,420,065

FINANCIAL

SERVICES

-

2.6%

(1.5%

of

Total

Investments)

139,125

Bank

of

New

York

Mellon

Corp

.150

3,551,861

143,950

Morgan

Stanley

.625

3,679,362

211,000

Voya

Financial,

Inc

.350

5,057,670

TOTAL

FINANCIAL

SERVICES

12,288,893

FOOD,

BEVERAGE

&

TOBACCO

-

1.8%

(1.2%

of

Total

Investments)

237,055

CHS,

Inc

.100

5,999,862

115,393

CHS,

Inc

.750

2,879,055

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

8,878,917

INSURANCE

-

3.9%

(2.5%

of

Total

Investments)

185,450

American

National

Group,

Inc

.375

4,597,306

59,425

Aspen

Insurance

Holdings

Ltd

.125

1,468,392

194,775

Athene

Holding

Ltd

.350

4,742,771

243,575

Enstar

Group

Ltd

.000

5,602,225

93,300

Reinsurance

Group

of

America,

Inc

.125

2,370,753

TOTAL

INSURANCE

18,781,447

TOTAL

PREFERRED

STOCK

(Cost

$64,551,600)

60,369,322

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

14176746

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

-

.0

%

(1

.9

%

of

Total

Investments)

14176746

6,050,000

(b) CoBank

ACB

.450

N/A

6,038,826

2,062,000

(b) CoBank

ACB

.250

N/A

2,080,356

3,785,000

(b) CoBank

ACB

.125

N/A

3,871,832

50,000

(b),(f)

Farm

Credit

Bank

of

Texas

.200

N/A

49,375

2,092,000

(b) Farm

Credit

Bank

of

Texas

.000

N/A

2,136,357

TOTAL

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

(Cost

$14,068,278)

14,176,746

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$762,807,672)

753,152,963

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

1.1%(0.7%

of

Total

Investments)

5,150,000

REPURCHASE

AGREEMENTS

-

.1

%

(0

.7

%

of

Total

Investments)

5,150,000

$

5,150,000

(k) Fixed

Income

Clearing

Corporation

.600

%

05/01/26

$

5,150,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$5,150,000)

5,150,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$5,150,000)

5,150,000

TOTAL

INVESTMENTS

-

.6

%

(Cost

$

767,957,672)

758,302,963

BORROWINGS

-

(33.7)%

(l),(m)

(161,314,000)

REVERSE

REPURCHASE

AGREEMENTS,

INCLUDING

ACCRUED

INTEREST

-

(5.8)%(n)

(27,781,695)

TFP

SHARES,

NET

-

(17.7)%(o)

(84,590,869)

OTHER

ASSETS

&

LIABILITIES,

NET

- (1.4)%

(6,528,929)

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

-

100%

$

478,087,470

Reg

S

Regulation

S

allows

U.S.

companies

to

sell

securities

to

persons

or

entities

located

outside

of

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

S

provides

a

safe

harbor

from

the

registration

requirements

of

the

Securities

Act

for

the

offers

and

sales

of

securities

by

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

TSFR3M

CME

Term

Secured

Overnight

Financing

Rate

Month

(a) Contains

$1,000

Par

Preferred

and/or

Contingent

Capital

Securities.

(b) Perpetual

security.

Maturity

date

is

not

applicable.

(c) $1,000

Par

Institutional

Preferred

security.

As

of

the

end

of

the

period,

the

percent

of

$1,000

Par

Institutional

Preferred

securities

was

68.3%

of

Total

Investments.

(d) Contingent

Capital

Securities

("CoCos")

are

debt

or

preferred

securities

with

loss

absorption

characteristics

built

into

the

terms

of

the

security

for

the

benefit

of

the

issuer,

for

example

an

automatic

write-down

of

principal

or

a

mandatory

conversion

into

the

issuer's

common

stock

under

certain

adverse

circumstances,

such

as

the

issuer's

capital

ratio

falling

below

a

specified

level.

As

of

the

end

of

the

reporting

period,

the

Fund's

total

investment

in

CoCos

was

19.8%

of

Total

Investments.

(e) When-issued

or

delayed

delivery

security.

(f) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$122,720,309

or

16.2%

of

Total

Investments.

(g) Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

reverse

repurchase

agreements.

As

of

the

end

of

the

fiscal

period,

investments

with

a

value

of

$32,957,689

have

been

pledged

as

collateral

for

reverse

repurchase

agreements.

(h) Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable. For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(i) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (j) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(k) Agreement

with

Fixed

Income

Clearing

Corporation,

3.600%

dated

4/30/26

to

be

repurchased

at

$5,150,515

on

5/1/26,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.625%

and

maturity

date

11/15/55,

valued

at

$5,253,083.

(l) Borrowings

as

a

percentage

of

Total

Investments

is

21.3%.

(m) The

Fund

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

$358,221,009

have

been

pledged

as

collateral

for

borrowings.

(n) Reverse

Repurchase

Agreements,

including

accrued

interest

as

a

percentage

of

Total

investments

is

3.7%.

(o) TFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

11.2%.

#### Portfolio

#### of

#### Investments

#### April

#### 30,

#### 2026
(continued)

#### NPFD

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

The

following

is

a

reconciliation

of

the

Fund's

Level

investments

held

at

the

beginning

and

end

of

the

measurement

period:

The

valuation

techniques

and

significant

unobservable

inputs

used

in

recurring

Level

fair

value

measurements

of

assets

as

of

the

end

of

the

report-

ing

period,

were

as

follows:

NPFD

Level

Level

Level

Total

Long-Term

Investments:

Corporate

Bonds

$

–

$

671,589,635

$

7,017,260

$

678,606,895

Preferred

Stock

60,369,322

–

–

60,369,322

U.S.

Government

and

Agency

Obligations

–

14,176,746

–

14,176,746

Short-Term

Investments:

Repurchase

Agreements

–

5,150,000

–

5,150,000

Total

$

60,369,322

$

690,916,381

$

7,017,260

$

758,302,963

Level

NPFD

Corporate

Bonds

Balance

at

the

beginning

of

period

$

2,425,083

Gains

(losses):

-

Net

realized

gains

(losses)

-

Change

in

net

unrealized

appreciation

(depreciation)

4,592,177

Purchases

at

cost

-

Sales

at

proceeds

-

Net

discounts

(premiums)

-

Transfers

into

-

Transfers

(out

of)

-

Balance

at

the

end

of

period

$

7,017,260

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

securities

held

as

of

period

end

$

4,592,177

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NPFD

Corporate

Bond

$7,017,260

Indicative

Trade

Broker

Quote

$34.00

N/A

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Nuveen Variable Rate Preferred & Income Fund

- **b. Investment Company Act file number:** 811-23704

- **c. CIK number of Registrant:** 0001865389

- **d. LEI of Registrant:** 549300B5AMVHD58MNL94

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nuveen Variable Rate Preferred & Income Fund

- **c. LEI of Series:** 549300B5AMVHD58MNL94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $732585584.00

**Total Liabilities:** $254498114.00

**Net Assets:** $478087470.00

**Cash Not Reported:** $168483.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** -4263.51000000 | **30-Year:** -172706.89000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** -1775.31000000 | **30-Year:** -145634.58000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.77%                | -3.18%               | 2.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-629214.78              | $1678011.75                                |
| Month 2  | $-643777.47              | $-17804105.85                              |
| Month 3  | $-1562133.90             | $10756213.37                               |

### Schedule of Portfolio Investments

| Name                                                      | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CHS Inc                                                   | CHS, Inc                                                  | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |    237055 | NS      | $5999862.05   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS Inc                                                   | CHS, Inc                                                  | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |    115393 | NS      | $2879055.35   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                             | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1092252.25   | 0.23%             | N/A             | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Fifth Third Bancorp                                       | Fifth Third Bancorp                                       | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    121601 | NS      | $3091097.42   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| ASSURED GUARANTY MUNI                                     | Assured Guaranty Municipal Holdings Inc                   | CUSIP: 31769PAB6<br>LEI: 549300WKHOG7BKB8MS12 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2844118.86   | 0.59%             | 2066-12-15      | Fixed         | 6.40%                 | Yes           | 2                  | On Loan: No      |
| KeyCorp                                                   | KeyCorp                                                   | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     62700 | NS      | $1568754.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION                                      | M&T Bank Corp                                             | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2986779.00   | 0.62%             | N/A             | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| ILFC E-CAPITAL TRUST I                                    | ILFC E-Capital Trust I                                    | CUSIP: 44965TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3673000 | PA      | $3149369.41   | 0.66%             | 2065-12-21      | Fixed         | 6.27%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE BANK AG                                          | Deutsche Bank AG                                          | CUSIP: EK2626407<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   5600000 | PA      | $5941073.60   | 1.24%             | N/A             | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                  | Banco Mercantil del Norte SA/Grand Cayman                 | CUSIP: 05962GAJ8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1595000 | PA      | $1630573.29   | 0.34%             | N/A             | Fixed         | 7.62%                 | Yes           | 2                  | On Loan: No      |
| ENBRIDGE INC                                              | Enbridge Inc                                              | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4546000 | PA      | $4535664.67   | 0.95%             | 2077-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO                                    | General Motors Financial Co Inc                           | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10476000 | PA      | $10385849.83  | 2.17%             | N/A             | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                  | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   2495000 | PA      | $2498280.93   | 0.52%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                        | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    761000 | PA      | $767704.41    | 0.16%             | N/A             | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| ASSURANT INC                                              | Assurant Inc                                              | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   8045000 | PA      | $8148929.01   | 1.70%             | 2048-03-27      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| FARM CREDIT BK OF TEXAS                                   | Farm Credit Bank of Texas                                 | CUSIP: 30767EAC3<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |     50000 | PA      | $49375.00     | 0.01%             | N/A             | Fixed         | 6.20%                 | Yes           | 2                  | On Loan: No      |
| Enstar Group Ltd                                          | Enstar Group Ltd                                          | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |    243575 | NS      | $5602225.00   | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| VOYA FINANCIAL INC                                        | Voya Financial Inc                                        | CUSIP: 929089AG5<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   4352000 | PA      | $4539136.00   | 0.95%             | N/A             | Fixed         | 7.76%                 | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                  | Citizens Financial Group Inc                              | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6496356.75   | 1.36%             | N/A             | Variable      | 7.10%                 | No            | 2                  | On Loan: No      |
| VODAFONE GROUP PLC                                        | Vodafone Group PLC                                        | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10428780.00  | 2.18%             | 2079-04-04      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Regions Financial Corp                                    | Regions Financial Corp                                    | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    163723 | NS      | $4066879.32   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Athene Holding Ltd                                        | Athene Holding Ltd                                        | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    194775 | NS      | $4742771.25   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Voya Financial Inc                                        | Voya Financial, Inc                                       | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |    211000 | NS      | $5057670.00   | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MACQUARIE BANK LONDON                                     | Macquarie Bank Ltd/London                                 | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $1508983.50   | 0.32%             | N/A             | Fixed         | 6.12%                 | Yes           | 2                  | On Loan: No      |
| KeyCorp                                                   | KeyCorp                                                   | CUSIP: 493267876<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     31875 | NS      | $684993.75    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | Truist Financial Corp                                     | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  13209000 | PA      | $13214032.63  | 2.76%             | N/A             | Fixed         | 6.67%                 | No            | 2                  | On Loan: No      |
| SBL HOLDINGS INC                                          | SBL Holdings Inc                                          | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $12765541.95  | 2.67%             | N/A             | Fixed         | 9.51%                 | Yes           | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                        | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6970000 | PA      | $7158433.95   | 1.50%             | N/A             | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| KeyCorp                                                   | KeyCorp                                                   | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     31966 | NS      | $683433.08    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES                                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   7400000 | PA      | $7479853.40   | 1.56%             | N/A             | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO                                    | General Motors Financial Co Inc                           | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3139420.10   | 0.66%             | N/A             | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| CAPITAL FARM CREDIT ACA                                   | Capital Farm Credit ACA                                   | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3217500.00   | 0.67%             | N/A             | Fixed         | 8.39%                 | Yes           | 2                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                  | Banco Mercantil del Norte SA/Grand Cayman                 | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    715000 | PA      | $731726.00    | 0.15%             | N/A             | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                                        | Ally Financial Inc                                        | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2906000 | PA      | $2795823.37   | 0.58%             | N/A             | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| COMPEER FINANCIAL ACA                                     | Compeer Financial ACA                                     | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343000.00    | 0.07%             | N/A             | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                        | Energy Transfer LP                                        | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1886000 | PA      | $1888223.59   | 0.39%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| SBL HOLDINGS INC                                          | SBL Holdings Inc                                          | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3086967.67   | 0.65%             | N/A             | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| VISTRA CORP                                               | Vistra Corp                                               | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1573709.28   | 0.33%             | N/A             | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| VISTRA CORP                                               | Vistra Corp                                               | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2221470.02   | 0.46%             | N/A             | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                      | CUSIP: 937JBD007<br>LEI: ES7IP3U3RHIGC71XBU11 | Short            | RA               | CORP              | CA        | -27592000 | PA      | $-27592000.00 | -5.77%            |  |  |  | No            | N/A                | On Loan: No      |
| ENSTAR FINANCE LLC                                        | Enstar Finance LLC                                        | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3601000 | PA      | $3532950.82   | 0.74%             | 2042-01-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                  | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAA1<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   7070000 | PA      | $7114116.80   | 1.49%             | N/A             | Variable      | 7.91%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                                         | Transcanada Trust                                         | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   2155000 | PA      | $2128674.95   | 0.45%             | 2082-03-07      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2445378.98   | 0.51%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                              | Barclays PLC                                              | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3510000 | PA      | $3683909.97   | 0.77%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                               | BNP Paribas SA                                            | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2856000 | PA      | $2995572.72   | 0.63%             | N/A             | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6990000 | PA      | $7036490.49   | 1.47%             | N/A             | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                                | CoBank ACB                                                | CUSIP: 19075QAE2<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6038825.95   | 1.26%             | N/A             | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| KeyCorp                                                   | KeyCorp                                                   | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    297600 | NS      | $7496544.00   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Reinsurance Group of America Inc                          | Reinsurance Group of America, Inc                         | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     93300 | NS      | $2370753.00   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| ENBRIDGE INC                                              | Enbridge Inc                                              | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   6360000 | PA      | $6891320.76   | 1.44%             | 2083-01-15      | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| TORONTO-DOMINION BANK                                     | Toronto-Dominion Bank/The                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3495000 | PA      | $3635324.25   | 0.76%             | 2082-10-31      | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                               | BNP Paribas SA                                            | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2150000 | PA      | $2266048.40   | 0.47%             | N/A             | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| SOCIETE GENERALE                                          | Societe Generale SA                                       | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1680000 | PA      | $1771682.64   | 0.37%             | N/A             | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5735000 | PA      | $5827889.80   | 1.22%             | N/A             | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA PIPELINES                                     | TransCanada PipeLines Ltd                                 | CUSIP: 89352HAC3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   5600000 | PA      | $4986886.18   | 1.04%             | 2067-05-15      | Fixed         | 7.59%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                  | Prudential Financial Inc                                  | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   3248000 | PA      | $3420280.42   | 0.72%             | 2053-03-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                                             | Citigroup Inc                                             | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1695243.00   | 0.35%             | N/A             | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC Holdings PLC                                         | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4560000 | PA      | $4754511.36   | 0.99%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| STANDARD CHARTERED PLC                                    | Standard Chartered PLC                                    | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1751977.50   | 0.37%             | N/A             | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | Lloyds Banking Group PLC                                  | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   6996000 | PA      | $7460842.22   | 1.56%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                                      | Edison International                                      | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2404000 | PA      | $2466342.93   | 0.52%             | 2053-06-15      | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                     | Wells Fargo & Co                                          | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  12345000 | PA      | $12962484.56  | 2.71%             | N/A             | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                                               | BNP Paribas SA                                            | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2430000 | PA      | $2567452.95   | 0.54%             | N/A             | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                   | Goldman Sachs Group Inc/The                               | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5140000 | PA      | $5403332.48   | 1.13%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   3075000 | PA      | $3385522.73   | 0.71%             | N/A             | Fixed         | 9.38%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                             | Citigroup Inc                                             | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  13100000 | PA      | $13622925.80  | 2.85%             | N/A             | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| Credit Suisse Group AG                                    | Credit Suisse Group AG                                    | CUSIP: 902LUX008<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   9004000 | PA      | $3061360.00   | 0.64%             | 2172-01-17      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| Credit Suisse Group AG                                    | Credit Suisse Group AG                                    | CUSIP: 902LWB004<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   5850000 | PA      | $1989000.00   | 0.42%             | 2172-02-21      | Fixed         | 6.38%                 | No            | 3                  | On Loan: No      |
| Credit Suisse Group AG                                    | Credit Suisse Group AG                                    | CUSIP: 902LWC002<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   2460000 | PA      | $836400.00    | 0.17%             | 2172-06-11      | Fixed         | 7.50%                 | No            | 3                  | On Loan: No      |
| Enbridge Inc                                              | Enbridge Inc                                              | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   8696000 | PA      | $9905707.08   | 2.07%             | 2084-01-15      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Credit Suisse Group AG                                    | Credit Suisse Group AG                                    | CUSIP: 902MMW908<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   3325000 | PA      | $1130500.00   | 0.24%             | 2172-01-17      | Fixed         | 7.50%                 | No            | 3                  | On Loan: No      |
| Societe Generale SA                                       | Societe Generale SA                                       | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3631000 | PA      | $3968628.54   | 0.83%             | N/A             | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                              | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3853000 | PA      | $4496601.27   | 0.94%             | N/A             | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                              | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4325000 | PA      | $4680190.63   | 0.98%             | N/A             | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| Barclays PLC                                              | Barclays PLC                                              | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3083000 | PA      | $3440504.68   | 0.72%             | N/A             | Fixed         | 9.62%                 | No            | 2                  | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                        | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6800000 | PA      | $8074292.80   | 1.69%             | N/A             | Fixed         | 9.62%                 | No            | 2                  | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                              | CUSIP: ZM9188925<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6795000 | PA      | $7033009.82   | 1.47%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Edison International                                      | Edison International                                      | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1529000 | PA      | $1577224.66   | 0.33%             | 2054-06-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Bank of Nova Scotia/The                                   | Bank of Nova Scotia/The                                   | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3090000 | PA      | $3276969.72   | 0.69%             | 2084-01-27      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                        | Energy Transfer LP                                        | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4844321.88   | 1.01%             | 2054-05-15      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Vistra Corp                                               | Vistra Corp                                               | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   4398000 | PA      | $4727832.41   | 0.99%             | N/A             | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| State Street Corp                                         | State Street Corp                                         | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4379476.25   | 0.92%             | N/A             | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| METLIFE INC                                               | MetLife Inc                                               | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2596748.00   | 0.54%             | 2039-08-01      | Fixed         | 10.75%                | No            | 2                  | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                              | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3892000 | PA      | $4151814.35   | 0.87%             | N/A             | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                            | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5225000 | PA      | $5591251.60   | 1.17%             | N/A             | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                          | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1470000 | PA      | $1544337.90   | 0.32%             | 2084-05-26      | Fixed         | 7.70%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co                                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  17767000 | PA      | $18508505.75  | 3.87%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Prudential Financial Inc                                  | Prudential Financial Inc                                  | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   6688000 | PA      | $6886660.35   | 1.44%             | 2054-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Societe Generale SA                                       | Societe Generale SA                                       | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    770000 | PA      | $844549.86    | 0.18%             | N/A             | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| CoBank ACB                                                | CoBank ACB                                                | CUSIP: 19075QAF9<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |   2062000 | PA      | $2080356.46   | 0.44%             | N/A             | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group Inc/The                               | Goldman Sachs Group Inc/The                               | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  11071000 | PA      | $11570113.89  | 2.42%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Dominion Energy Inc                                       | Dominion Energy Inc                                       | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3593000 | PA      | $3831176.38   | 0.80%             | 2054-06-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                         | NatWest Group PLC                                         | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   7262000 | PA      | $8017778.13   | 1.68%             | N/A             | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| AES Corp/The                                              | AES Corp/The                                              | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2456000 | PA      | $2502003.34   | 0.52%             | 2055-01-15      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| Entergy Corp                                              | Entergy Corp                                              | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   4322000 | PA      | $4449403.92   | 0.93%             | 2054-12-01      | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| Farm Credit Bank of Texas                                 | Farm Credit Bank of Texas                                 | CUSIP: 30767EAE9<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |   2566000 | PA      | $2665897.28   | 0.56%             | N/A             | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Citigroup Inc                                             | Citigroup Inc                                             | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5351000 | PA      | $5429327.94   | 1.14%             | N/A             | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                       | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6174000 | PA      | $6464943.58   | 1.35%             | 2054-06-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| AES Andes SA                                              | AES Andes SA                                              | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |   1300000 | PA      | $1366748.62   | 0.29%             | 2055-06-10      | Fixed         | 8.15%                 | Yes           | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3350000 | PA      | $3468995.22   | 0.73%             | 2055-03-10      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co                                          | Wells Fargo & Co                                          | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  12874000 | PA      | $13391509.05  | 2.80%             | N/A             | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                            | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    143950 | NS      | $3679362.00   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Citigroup Inc                                             | Citigroup Inc                                             | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3014000 | PA      | $3130873.88   | 0.65%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Banco Santander SA                                        | Banco Santander SA                                        | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3200000 | PA      | $3475388.80   | 0.73%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                          | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4783000 | PA      | $5038971.81   | 1.05%             | 2084-11-26      | Fixed         | 7.30%                 | No            | 2                  | On Loan: No      |
| Standard Life PLC                                         | Standard Life PLC                                         | CUSIP: YX5563508<br>LEI: 2138001P49OLAEU33T68 | Long             | DBT              | CORP              | GB        |   2955000 | PA      | $3150907.64   | 0.66%             | N/A             | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Duke Energy Corp                                          | Duke Energy Corp                                          | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   3244000 | PA      | $3389172.24   | 0.71%             | 2054-09-01      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                            | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1997000 | PA      | $2071018.81   | 0.43%             | N/A             | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC Holdings PLC                                         | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3763000 | PA      | $3855189.74   | 0.81%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC Holdings PLC                                         | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4539000 | PA      | $4700647.41   | 0.98%             | N/A             | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Corebridge Financial Inc                                  | Corebridge Financial Inc                                  | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   3982000 | PA      | $3959504.09   | 0.83%             | 2054-09-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| PG&E Corp                                                 | PG&E Corp                                                 | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1979972.23   | 0.41%             | 2055-03-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| AltaGas Ltd                                               | AltaGas Ltd                                               | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   1302000 | PA      | $1352695.97   | 0.28%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           | 2                  | On Loan: No      |
| Sumisho Air Lease Corp                                    | Sumisho Air Lease Corp                                    | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   5601000 | PA      | $5425729.59   | 1.13%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                           | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    745000 | PA      | $752329.31    | 0.16%             | N/A             | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Goldman Sachs Group Inc/The                               | Goldman Sachs Group Inc/The                               | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5249000 | PA      | $5288199.53   | 1.11%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                        | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   4185000 | PA      | $4226716.08   | 0.88%             | N/A             | Fixed         | 6.70%                 | Yes           | 2                  | On Loan: No      |
| Lloyds Banking Group PLC                                  | Lloyds Banking Group PLC                                  | CUSIP: 53944YBB8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1337412.70   | 0.28%             | N/A             | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Venture Global LNG Inc                                    | Venture Global LNG Inc                                    | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3673000 | PA      | $3632753.84   | 0.76%             | N/A             | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman                 | Banco Mercantil del Norte SA/Grand Cayman                 | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1940000 | PA      | $2097110.90   | 0.44%             | N/A             | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Dominion Energy Inc                                       | Dominion Energy Inc                                       | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3068241.00   | 0.64%             | 2055-05-15      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                         | NatWest Group PLC                                         | CUSIP: 639057AT5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1370000 | PA      | $1421768.19   | 0.30%             | N/A             | Fixed         | 7.30%                 | No            | 2                  | On Loan: No      |
| Sempra                                                    | Sempra                                                    | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   6476000 | PA      | $6542534.42   | 1.37%             | 2055-04-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| Aspen Insurance Holdings Ltd                              | Aspen Insurance Holdings Ltd                              | CUSIP: EP0607309<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     59425 | NS      | $1468391.75   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| CoBank ACB                                                | CoBank ACB                                                | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |   3785000 | PA      | $3871831.69   | 0.81%             | N/A             | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                        | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3617000 | PA      | $3687643.63   | 0.77%             | 2085-01-28      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                           | CVS Health Corp                                           | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1381000 | PA      | $1430751.91   | 0.30%             | 2054-12-10      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                           | CVS Health Corp                                           | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1174000 | PA      | $1218045.31   | 0.25%             | 2055-03-10      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| AES Corp/The                                              | AES Corp/The                                              | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   3817000 | PA      | $3723667.48   | 0.78%             | 2055-07-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1400000 | PA      | $1481774.00   | 0.31%             | N/A             | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| American National Group Inc                               | American National Group, Inc                              | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    185450 | NS      | $4597305.50   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs Group Inc/The                               | Goldman Sachs Group Inc/The                               | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5784000 | PA      | $5958798.26   | 1.25%             | N/A             | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| EUSHI Finance Inc                                         | EUSHI Finance Inc                                         | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2713000 | PA      | $2808772.86   | 0.59%             | 2054-12-15      | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co                                       | JPMorgan Chase & Co                                       | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8663000 | PA      | $8893046.14   | 1.86%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc                                 | Rogers Communications Inc                                 | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3941000 | PA      | $4065577.10   | 0.85%             | 2055-04-15      | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| Bell Telephone Co of Canada or Bell Canada                | Bell Telephone Co of Canada or Bell Canada                | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   3791000 | PA      | $3934114.04   | 0.82%             | 2055-09-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                              | Barclays PLC                                              | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    977000 | PA      | $1029025.25   | 0.22%             | N/A             | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| CMS Energy Corp                                           | CMS Energy Corp                                           | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   3416000 | PA      | $3499951.62   | 0.73%             | 2055-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC Holdings PLC                                         | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1171000 | PA      | $1196328.73   | 0.25%             | N/A             | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Julius Baer Group Ltd                                     | Julius Baer Group Ltd                                     | CUSIP: YR4111344<br>LEI: 5299007MF0604ZGJER92 | Long             | DBT              | CORP              | CH        |   1600000 | PA      | $1652524.50   | 0.35%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Bank of New York Mellon Corp/The                          | Bank of New York Mellon Corp                              | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    139125 | NS      | $3551861.25   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| MetLife Inc                                               | MetLife Inc                                               | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2577578.40   | 0.54%             | 2055-03-15      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Enstar Group Ltd                                          | Enstar Group Ltd                                          | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   2061000 | PA      | $2133600.79   | 0.45%             | 2045-04-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3200000 | PA      | $3257625.60   | 0.68%             | 2056-01-31      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp                                      | Bank of America Corp                                      | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  17981000 | PA      | $18544956.08  | 3.88%             | N/A             | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| Capital One Financial Corp                                | Capital One Financial Corp                                | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3650054.64   | 0.76%             | N/A             | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Omnis Funding Trust                                       | Omnis Funding Trust                                       | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3396000 | PA      | $3483107.50   | 0.73%             | 2055-05-15      | Fixed         | 6.72%                 | Yes           | 2                  | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                      | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3586000 | PA      | $3649436.34   | 0.76%             | 2085-08-24      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Cemex SAB de CV                                           | Cemex SAB de CV                                           | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   2434000 | PA      | $2520431.34   | 0.53%             | N/A             | Fixed         | 7.20%                 | Yes           | 2                  | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                            | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    986000 | PA      | $1021422.05   | 0.21%             | N/A             | Fixed         | 7.45%                 | Yes           | 2                  | On Loan: No      |
| TELUS Corp                                                | TELUS Corp                                                | CUSIP: 87971MCM3<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |   1977000 | PA      | $2044866.46   | 0.43%             | 2055-10-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Nomura Holdings Inc                                       | Nomura Holdings Inc                                       | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1026000 | PA      | $1057157.57   | 0.22%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                        | CUSIP: 13607P7Y4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3298000 | PA      | $3384199.83   | 0.71%             | 2085-10-28      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Farm Credit Bank of Texas                                 | Farm Credit Bank of Texas                                 | CUSIP: 30767EAF6<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |   2092000 | PA      | $2136356.68   | 0.45%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                             | Citigroup Inc                                             | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4177000 | PA      | $4240916.45   | 0.89%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal                                          | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3538000 | PA      | $3620523.85   | 0.76%             | 2085-11-26      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp                                      | Bank of America Corp                                      | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6425000 | PA      | $6493561.18   | 1.36%             | N/A             | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                              | UBS Group AG                                              | CUSIP: 902613BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1280000 | PA      | $1302600.96   | 0.27%             | N/A             | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd            | South Bow Canadian Infrastructure Holdings Ltd            | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   3554000 | PA      | $3757411.41   | 0.79%             | 2055-03-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                        | Energy Transfer LP                                        | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4947000 | PA      | $4982549.14   | 1.04%             | 2056-02-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| American National Group Inc                               | American National Group Inc                               | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   3308000 | PA      | $3232672.87   | 0.68%             | 2055-12-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Sempra                                                    | Sempra                                                    | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1921000 | PA      | $1942922.45   | 0.41%             | 2056-04-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                              | CUSIP: 456837BT9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   3784000 | PA      | $3913367.39   | 0.82%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Credit Agricole SA                                        | Credit Agricole SA                                        | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   4326000 | PA      | $4483613.48   | 0.94%             | N/A             | Fixed         | 7.12%                 | Yes           | 2                  | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                           | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   2280000 | PA      | $2323424.88   | 0.49%             | N/A             | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Sunoco LP                                                 | Sunoco LP                                                 | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2972045.72   | 0.62%             | N/A             | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Huntington Bancshares Inc/OH                              | Huntington Bancshares Inc/OH                              | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   3406000 | PA      | $3410887.61   | 0.71%             | N/A             | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Toronto-Dominion Bank/The                                 | Toronto-Dominion Bank/The                                 | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3240000 | PA      | $3261782.52   | 0.68%             | 2085-10-31      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Bank of Nova Scotia/The                                   | Bank of Nova Scotia/The                                   | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2555000 | PA      | $2585436.69   | 0.54%             | 2085-10-27      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Corebridge Financial Inc                                  | Corebridge Financial Inc                                  | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2012000 | PA      | $2069472.78   | 0.43%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| First Citizens BancShares Inc/NC                          | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2030110.10   | 0.42%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Compeer Financial ACA                                     | Compeer Financial ACA                                     | CUSIP: 20453QAC6<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |   2574000 | PA      | $2612610.82   | 0.55%             | N/A             | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| RLGH Finance Bermuda Ltd                                  | RLGH Finance Bermuda Ltd                                  | CUSIP: DA3569161<br>LEI: 549300JARQYXR76TRX40 | Long             | DBT              | CORP              | BM        |   3323000 | PA      | $3328734.33   | 0.70%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                             | Citigroup Inc                                             | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2717000 | PA      | $2750301.86   | 0.58%             | N/A             | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| Pinnacle Financial Partners Inc                           | Pinnacle Financial Partners, Inc                          | CUSIP: 72348N307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      5984 | NS      | $156780.80    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                        | CUSIP: 13607QUM2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1646000 | PA      | $1640913.53   | 0.34%             | 2086-07-28      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Societe Generale SA                                       | Societe Generale SA                                       | CUSIP: 83370RAF5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4952000 | PA      | $4901026.59   | 1.03%             | N/A             | Fixed         | 7.12%                 | Yes           | 2                  | On Loan: No      |
| Royal Bank of Canada                                      | Royal Bank of Canada                                      | CUSIP: 780082BA0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3301000 | PA      | $3268708.30   | 0.68%             | 2086-05-24      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MetLife Inc                                               | MetLife Inc                                               | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1202506.56   | 0.25%             | 2056-03-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| First Horizon Corp                                        | First Horizon Corp                                        | CUSIP: 320517840<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    106650 | NS      | $2671582.50   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Wells Fargo & Co                                          | Wells Fargo & Co                                          | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5740000 | PA      | $5759894.84   | 1.20%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                         | HSBC Holdings PLC                                         | CUSIP: 404280FH7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1706000 | PA      | $1727932.01   | 0.36%             | N/A             | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Emera US Finance LLC                                      | Emera US Finance LLC                                      | CUSIP: 29103HAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    726000 | PA      | $728171.47    | 0.15%             | 2056-10-01      | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| Puget Energy Inc                                          | Puget Energy Inc                                          | CUSIP: 745310AT9<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1337475.93   | 0.28%             | 2056-09-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                            | CUSIP: 05602XQS0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2513000 | PA      | $2527741.26   | 0.53%             | N/A             | Fixed         | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Charles Schwab Corp/The                                   | Charles Schwab Corp/The                                   | CUSIP: 808513CM5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3657000 | PA      | $3658621.55   | 0.77%             | N/A             | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Ally Financial Inc                                        | Ally Financial Inc                                        | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2853000 | PA      | $2850754.12   | 0.60%             | N/A             | Fixed         | 7.10%                 | No            | 2                  | On Loan: No      |
| FIFTH THIRD BANCORP                                       | Fifth Third Bancorp                                       | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   2224000 | PA      | $2218106.02   | 0.46%             | N/A             | Variable      | 6.99%                 | No            | 2                  | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY                       | Fixed Income Clearing Corp (FICC)                         | CUSIP: 85748R009<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   5150000 | PA      | $5150000.00   | 1.08%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Nuveen Variable Rate Preferred & Income Fund

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting