Nuveen Variable Rate Preferred & Income Fund Files Monthly Portfolio

TL;DR

**Nuveen Variable Rate Preferred & Income Fund just dropped its monthly portfolio, showing what they owned as of January 31, 2026.**

AI Summary

The Nuveen Variable Rate Preferred & Income Fund (CIK: 0001865389) filed its NPORT-P report on March 25, 2026, detailing its portfolio investments as of January 31, 2026. This filing, under Act 40, provides a monthly snapshot of the fund's holdings, offering transparency into how the fund is managing its assets. For investors, this matters because it allows them to see the specific securities the fund holds, helping them assess the fund's strategy and risk exposure in preferred and income-generating assets.

Why It Matters

This filing provides a detailed look into the fund's investment strategy and current holdings, crucial for investors to understand where their money is allocated and the fund's risk profile.

Risk Assessment

Risk Level: medium — The fund invests in variable rate preferred and income securities, which can carry interest rate risk and credit risk, making it a medium risk investment.

Analyst Insight

A smart investor would review the full NPORT-P document to analyze the specific securities held by the Nuveen Variable Rate Preferred & Income Fund as of January 31, 2026, to ensure alignment with their investment goals and risk tolerance.

Key Players & Entities

• Nuveen Variable Rate Preferred & Income Fund (company) — the filer of the NPORT-P report
• 0001865389 (company) — the CIK (Central Index Key) for the Nuveen Variable Rate Preferred & Income Fund
• 2026-03-25 (date) — the filing date of the NPORT-P report
• 2026-01-31 (date) — the period of report for the portfolio investments
• 333 W. WACKER DR. CHICAGO IL 60606 (company) — the mailing and business address of the Nuveen Variable Rate Preferred & Income Fund

FAQ

Key Financial Figures

• $1000 — 738EBX22   iv. Conversion ratio per US$1000 notional, or, if bond currency is not i

Filing Documents

• primary_doc.html (NPORT-P)
• primary_doc.xml (NPORT-P) — 249KB
• 0001865389-26-000006.txt ( ) — 250KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM NPORT-P Monthly Portfolio Investments Report NPORT-P: Filer Information ********   Is this a LIVE or TEST Filing? LIVE TEST Would you like a Return Copy? Is this an electronic copy of an official filing submitted in paper format? Submission Contact Information Name   Phone   E-Mail Address   Notification Information Notify via Filing Website only? Series ID   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 for Registrant: (e.g., 811-______) 811-23704   c. CIK number of Registrant d. LEI of Registrant 549300B5AMVHD58MNL94   e. Address and telephone number of Registrant. Street Address 1 333 W. Wacker Dr   Street Address 2   ILLINOIS   Foreign country, if applicable UNITED STATES OF AMERICA   60606   Telephone number 312-917-7700   Item A.2. Information about the Series. a. Name of Series. Nuveen Variable Rate Preferred & Income Fund   b. EDGAR series identifier (if any).   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. 2026-01-31   Item A.4. Final filing Does the Fund anticipate that this will be its final filing on Form N PORT? Yes No NPORT-P: Part B: Information About the Fund Report the following information for the Fund and its consolidated subsidiaries. Item B.1. Assets and liabilities. Report amounts in U.S. dollars. a. Total assets, including assets attributable to miscellaneous securities reported in Part D. 741301085.00   b. Total liabilities. 251650790.00   c. Net assets. 489650295.00   Item B.2. Certain assets and liabilities. Report amounts in U.S. dollars. a. Assets attributable to miscellaneous securities reported in Part D. 0.00000000   b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities. 0.00000000   c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)]. Amounts payable within one year. Banks or other financial institutions for borrowings. 188906000.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   Amounts payable after one year. Banks or other financial institutions for borrowings. 0.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis. (i) On a delayed delivery, when-issued, or other firm commitment basis: 0.00000000   (ii) On a standby commitment basis: 0.00000000   e. Liquidation preference of outstanding preferred stock issued by the Fund. 85000000.00000000   f. Cash and cash equivalents not reported in Parts C and D. 0.00000000   Item B.3. Portfolio level risk metrics. If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide: Currency Metric: 1 ISO Currency code United States Dollar   a. Interest Rate Risk (DV01). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 1 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Maturity period. 3 month. 0.00000000   1 year. 0.00000000   5 years. 0.00000000   10 years. -4954.96000000   30 years. -261790.75000000   b. Interest Rate Risk (DV100). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 100 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Maturity period. 3 month. 0.00000000   1 year. 0.00000000   5 years. 0.00000000   10 years. -480753.47000000   30 years. -25670943.10000000   c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Investment grade. Maturity period. 3 month. 0.00000000   1 year. 0.00000000   5 years. 0.00000000   10 years. -3596.38000000   30 years. -172574.27000000   Non-Investment grade. Maturity period. 3 month. 0.00000000

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