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Nuveen Variable Rate Preferred & Income Fund

CIK: 0001865389 NPFD Fixed Income
Report date: 2026-03-25
AUM $490M
Expense Ratio
Category Fixed Income
State MA
Fiscal Year End
Inception Date
Manager
Latest Filing 2026-03-25

About this Fund

Nuveen Variable Rate Preferred & Income Fund is a prominent player in the asset management industry, specializing in the creation and management of a diverse range of mutual funds designed to cater to the varied investment needs of its clients. With a strong focus on wealth management, the company offers a broad spectrum of investment products, including equity, debt, and hybrid funds, each carefully crafted to provide investors with a unique blend of growth, income, and risk management. By providing a systematic investment plan, or SIP, option, Nuveen Variable Rate Preferred & Income Fund enables investors to invest a fixed amount of money at regular intervals, thereby promoting a disciplined approach to investing and helping to reduce the impact of market volatility on their portfolio. The company's investment philosophy is centered around a thorough understanding of the complexities of the financial markets, combined with a deep-seated commitment to delivering exceptional results for its clients. Nuveen Variable Rate Preferred & Income Fund's team of experienced investment professionals works tirelessly to identify opportunities for growth and income, while at the same time minimizing risk and ensuring that each portfolio is optimized to meet the specific needs and goals of its investors. The company's variable rate preferred and income fund, in particular, is designed to provide investors with a steady stream of income, while also offering the potential for long-term capital appreciation. By investing in a diversified portfolio of preferred securities and other income-generating instruments, this fund seeks to provide investors with a unique combination of yield and capital preservation, making it an attractive option for those seeking to generate regular income while minimizing risk. Nuveen Variable Rate Preferred & Income Fund's investor-centric approach has earned the company a reputation as a trusted and reliable partner in the world of mutual fund investment. The company's commitment to transparency, accountability, and exceptional customer service has fostered long-term relationships with its clients, who appreciate the company's dedication to helping them achieve their financial goals. By providing investors with access to a wide range of mutual funds, each with its own unique characteristics and benefits, Nuveen Variable Rate Preferred & Income Fund empowers its clients to take control of their investment portfolios, making informed decisions that align with their individual risk tolerance, investment horizon, and financial objectives. As a result, the company has become a go-to destination for investors seeking a comprehensive and personalized approach to wealth management, and its mutual funds have become a staple of many investment portfolios, both individual and institutional. With its strong track record, experienced management team, and unwavering commitment to its clients, Nuveen Variable Rate Preferred & Income Fund is well-positioned to continue delivering exceptional results and building long-term relationships with its investors.

Holdings

From latest SEC N-PORT filing · US-listed stocks only

57 positions
# Security Name CUSIP Asset Type Weight % Value ($M) Quantity
1 CM Canadian Imperial Bank of Commerce Since 2026-05-10 13607PNF7 Debt
0.76%
$3.73 3,617,000
2 HSBC HSBC Holdings PLC Since 2026-05-10 404280EV7 Debt
0.25%
$1.22 1,171,000
3 HSBC HSBC Holdings PLC Since 2026-05-10 404280EH8 Debt
0.79%
$3.89 3,763,000
4 EIX Edison International Since 2026-05-10 281020AZ0 Debt
0.33%
$1.59 1,529,000
5 PRU Prudential Financial Inc Since 2026-05-10 744320BP6 Debt
1.44%
$7.04 6,688,000
6 BMO Bank of Montreal Since 2026-05-10 06368L8V1 Debt
0.74%
$3.64 3,538,000
7 JPM JPMorgan Chase & Co Since 2026-05-10 48128AAJ2 Debt
1.84%
$9.01 8,663,000
8 HSBC HSBC Holdings PLC Since 2026-05-10 404280EJ4 Debt
0.98%
$4.78 4,539,000
9 C CITIGROUP INC Since 2026-05-10 172967PC9 Debt
0.35%
$1.71 1,650,000
10 UBS UBS Group AG Since 2026-05-10 902613BF4 Debt
0.96%
$4.72 4,325,000
11 WFC WELLS FARGO & COMPANY Since 2026-05-10 95002YAA1 Debt
2.69%
$13.15 12,345,000
12 MET METLIFE INC Since 2026-05-10 59156RAV0 Debt
0.54%
$2.67 2,000,000
13 AIZ ASSURANT INC Since 2026-05-10 04621XAK4 Debt
1.69%
$8.28 8,045,000
14 CM Canadian Imperial Bank of Commerce Since 2026-05-10 13607QUM2 Debt
0.34%
$1.65 1,646,000
15 CRBG Corebridge Financial Inc Since 2026-05-10 21871XAT6 Debt
0.83%
$4.07 3,982,000
16 BMO Bank of Montreal Since 2026-05-10 06368L5Q5 Debt
1.04%
$5.10 4,783,000
17 ALLY ALLY FINANCIAL INC Since 2026-05-10 02005NBN9 Debt
0.57%
$2.79 2,906,000
18 VOYA Voya Financial Inc Since 2026-05-10 929089209 Equity (Preferred)
1.05%
$5.14 211,000
19 VST Vistra Corp Since 2026-05-10 92840MAD4 Debt
0.99%
$4.83 4,398,000
20 D Dominion Energy Inc Since 2026-05-10 25746UDV8 Debt
0.63%
$3.08 3,000,000
21 KEY KeyCorp Since 2026-05-10 493267843 Equity (Preferred)
1.54%
$7.54 297,600
22 C Citigroup Inc Since 2026-05-10 17327CBC6 Debt
0.87%
$4.27 4,177,000
23 PRU PRUDENTIAL FINANCIAL INC Since 2026-05-10 744320BL5 Debt
0.71%
$3.46 3,248,000
24 MET MetLife Inc Since 2026-05-10 59156RCQ9 Debt
0.54%
$2.65 2,518,000
25 UBS UBS Group AG Since 2026-05-10 902613BS6 Debt
0.27%
$1.30 1,280,000
26 ENB ENBRIDGE INC Since 2026-05-10 29250NAS4 Debt
0.93%
$4.54 4,546,000
27 ENB ENBRIDGE INC Since 2026-05-10 29250NBP9 Debt
1.42%
$6.94 6,360,000
28 RCI Rogers Communications Inc Since 2026-05-10 775109DH1 Debt
0.84%
$4.13 3,941,000
29 HSBC HSBC HOLDINGS PLC Since 2026-05-10 404280DT3 Debt
0.98%
$4.80 4,560,000
30 FITB FIFTH THIRD BANCORP Since 2026-05-10 316773CM0 Debt
0.46%
$2.23 2,224,000
31 EIX EDISON INTERNATIONAL Since 2026-05-10 281020AX5 Debt
0.51%
$2.49 2,404,000
32 C Citigroup Inc Since 2026-05-10 172967QJ3 Debt
0.36%
$1.76 1,732,000
33 C Citigroup Inc Since 2026-05-10 172967PM7 Debt
0.64%
$3.16 3,014,000
34 C CITIGROUP INC Since 2026-05-10 172967KM2 Debt
0.59%
$2.89 2,875,000
35 KEY KeyCorp Since 2026-05-10 493267876 Equity (Preferred)
0.14%
$0.70 31,875
36 MTB M&T BANK CORPORATION Since 2026-05-10 55261FAH7 Debt
0.61%
$3.00 3,000,000
37 KEY KeyCorp Since 2026-05-10 493267868 Equity (Preferred)
0.14%
$0.70 31,966
38 HSBC HSBC HOLDINGS PLC Since 2026-05-10 404280BP3 Debt
0.20%
$1.00 975,000
39 VST VISTRA CORP Since 2026-05-10 92840MAC6 Debt
0.46%
$2.25 2,215,000
40 BMO Bank of Montreal Since 2026-05-10 06368LQ58 Debt
0.32%
$1.56 1,470,000
41 UBS UBS Group AG Since 2026-05-10 902613BK3 Debt
0.85%
$4.17 3,892,000
42 VOYA VOYA FINANCIAL INC Since 2026-05-10 929089AG5 Debt
0.94%
$4.59 4,352,000
43 CM Canadian Imperial Bank of Commerce Since 2026-05-10 13607P7Y4 Debt
0.70%
$3.43 3,298,000
44 KEY KeyCorp Since 2026-05-10 493267702 Equity (Preferred)
0.32%
$1.58 62,700
45 UBS UBS Group AG Since 2026-05-10 902613BE7 Debt
0.92%
$4.51 3,853,000
46 JPM JPMorgan Chase & Co Since 2026-05-10 48128BAQ4 Debt
3.83%
$18.74 17,767,000
47 C Citigroup Inc Since 2026-05-10 172967PE5 Debt
2.81%
$13.74 13,100,000
48 FITB Fifth Third Bancorp Since 2026-05-10 316773605 Equity (Preferred)
0.64%
$3.11 121,601
49 ENB Enbridge Inc Since 2026-05-10 29250NBT1 Debt
2.03%
$9.95 8,696,000
50 D Dominion Energy Inc Since 2026-05-10 25746UDU0 Debt
0.79%
$3.88 3,593,000
51 SRE Sempra Since 2026-05-10 816851BW8 Debt
0.40%
$1.97 1,921,000
52 C Citigroup Inc Since 2026-05-10 172967PK1 Debt
1.13%
$5.54 5,351,000
53 SRE Sempra Since 2026-05-10 816851BV0 Debt
1.35%
$6.59 6,476,000
54 VST VISTRA CORP Since 2026-05-10 92840MAB8 Debt
0.32%
$1.59 1,560,000
55 PNFP Pinnacle Financial Partners Inc Since 2026-05-10 72348N307 Equity (Preferred)
0.03%
$0.16 5,984
56 CRBG Corebridge Financial Inc Since 2026-05-10 21871XAU3 Debt
0.43%
$2.09 2,012,000
57 CFG CITIZENS FINANCIAL GROUP Since 2026-05-10 174610AQ8 Debt
1.32%
$6.47 6,500,000
Frequently Asked Questions — Nuveen Variable Rate Preferred & Income Fund
What type of mutual fund is Nuveen Variable Rate Preferred & Income Fund?
Nuveen Variable Rate Preferred & Income Fund is a SEC-registered Fixed Income fund, with $490M in assets under management. Fixed Income funds invest in bonds, government securities, and other debt instruments, seeking regular income and capital preservation. They are generally considered lower risk than equity funds but are sensitive to changes in interest rates — when rates rise, bond prices typically fall. Fixed income funds are commonly used by income-oriented investors or as a portfolio stabiliser alongside equities. As of its latest SEC N-PORT filing, Nuveen Variable Rate Preferred & Income Fund holds 57 portfolio positions, all detailed in the holdings table on this page.
What are Nuveen Variable Rate Preferred & Income Fund's assets under management (AUM)?
Nuveen Variable Rate Preferred & Income Fund has $490M in assets under management (AUM) according to its most recent SEC N-PORT filing on StockSifting. AUM represents the total market value of all securities and other assets held by the fund as of the report date. A larger AUM generally signals a more established fund with greater institutional adoption, more trading liquidity, and potentially lower per-unit operational costs due to economies of scale. AUM changes daily as market prices fluctuate and as investors purchase or redeem fund shares — the figure shown here reflects the most recently available N-PORT disclosure, not the current real-time value. For the live figure, consult the fund's official website or its latest SEC EDGAR filing.
What are Nuveen Variable Rate Preferred & Income Fund's top holdings?
According to Nuveen Variable Rate Preferred & Income Fund's most recent SEC N-PORT filing, the fund's largest holdings by portfolio weight include Canadian Imperial Bank of Commerce, HSBC Holdings PLC, HSBC Holdings PLC , among others. The complete list of all 57 holdings — including CUSIP, asset type, portfolio weight percentage, dollar value, and share quantity — is available in the holdings table above. Holdings data is sourced directly from SEC EDGAR N-PORT filings and reflects the fund's positions as of the report date shown at the top of this page. Due to the 60-day SEC disclosure lag, these positions may differ from the fund's current portfolio. For the latest holdings before public release, refer to SEC EDGAR directly.
What is Nuveen Variable Rate Preferred & Income Fund's expense ratio?
Expense ratio data for Nuveen Variable Rate Preferred & Income Fund is not currently available in StockSifting's database. The expense ratio is the annual fee charged by a mutual fund as a percentage of your investment, covering management fees and operational costs. It is one of the most important factors affecting net long-term returns — lower expense ratios allow more of a fund's gross performance to flow through to investors. For the most accurate and current expense ratio, refer to the fund's official prospectus or its SEC EDGAR filings. You can also contact us if you believe this data should be present.
Where can I find Nuveen Variable Rate Preferred & Income Fund's SEC filings?
Nuveen Variable Rate Preferred & Income Fund is required to file monthly portfolio reports (Form N-PORT) with the U.S. Securities and Exchange Commission (SEC). Its SEC Central Index Key (CIK) is 0001865389. You can access all of Nuveen Variable Rate Preferred & Income Fund's SEC filings — including N-PORT holdings disclosures, annual reports (Form N-CEN), and registration statements — directly on SEC EDGAR (CIK: 0001865389). N-PORT filings disclose the fund's complete portfolio holdings, fair value measurements, and certain risk metrics as of each filing period end date. StockSifting automatically parses these filings to populate the holdings table, AUM figures, and expense ratio displayed on this page, making the raw EDGAR data accessible without needing to download and parse XML files manually.
How current is Nuveen Variable Rate Preferred & Income Fund's holdings data on StockSifting?
Holdings data for Nuveen Variable Rate Preferred & Income Fund on StockSifting is sourced from its most recent SEC EDGAR N-PORT filing. Under SEC rules, registered investment companies must file N-PORT reports monthly, but these are made publicly available approximately 60 days after the reporting period end date. This means the holdings shown on this page reflect the fund's portfolio from roughly two months prior — not today's exact positions. The Report date displayed at the top of this page indicates exactly when the underlying data was current. If the fund has made significant portfolio changes since that date — responding to market events, earnings releases, or macro shifts — those changes will not be reflected here until the next N-PORT filing is released. For the most up-to-date holdings before the public disclosure window, refer to the fund's official website or SEC EDGAR directly. StockSifting is best used for fundamental research and historical portfolio analysis, not real-time trading decisions.