Nuveen Variable Rate Preferred & Income Fund
Sponsor: Nuveen · Inception Dec 16, 2021 · Pays monthly
Market priceShare price
$17.23
-0.02% ($-0.00)
NAVAsset value per share
—
as of —
Premium / discountPrice vs. assets
NAV unavailable
Close vs NAV, Oct 15, 2026
Distribution rate (price)Payout rate
10.90%
regular, annualised · on NAV —
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jul 31, 2026, filed Sep 25, 2026. 191 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | Bank of America Corp | Debt | United States | 2.59% | $18.4M |
| 2 | JPMorgan Chase & Co | Debt | United States | 2.59% | $18.3M |
| 3 | Citigroup Inc | Debt | United States | 1.92% | $13.6M |
| 4 | WELLS FARGO & COMPANY | Debt | United States | 1.82% | $12.9M |
| 5 | SBL HOLDINGS INC | Debt | United States | 1.81% | $12.8M |
| 6 | Goldman Sachs Group Inc/The | Debt | United States | 1.61% | $11.5M |
| 7 | TRUIST FINANCIAL CORP | Debt | United States | 1.58% | $11.2M |
| 8 | General Motors Co | Debt | United States | 1.46% | $10.4M |
| 9 | VODAFONE GROUP PLC | Debt | United Kingdom | 1.45% | $10.3M |
| 10 | Enbridge Inc | Debt | Canada | 1.38% | $9.8M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Debt | 95.29% | $676M |
| Equity (preferred) | 8.19% | $58.1M |
| Repurchase agreement | -3.48% | $-24.7M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United Kingdom | 8.56% | $60.7M |
| United States | 65.96% | $468M |
| Canada | 6.96% | $49.4M |
| France | 5.47% | $38.8M |
| Switzerland | 3.14% | $22.3M |
| Spain | 2.80% | $19.8M |
| Bermuda | 2.10% | $14.9M |
| Netherlands | 1.53% | $10.8M |
| Ireland | 0.94% | $6.6M |
| Germany | 0.83% | $5.9M |
| Mexico | 0.63% | $4.5M |
| Finland | 0.43% | $3M |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 65.96% | $468M |
| Canada | 6.96% | $49.4M |
| Developed Europe | 23.68% | $168M |
| Offshore domiciles | 2.42% | $17.2M |
| Latin America | 0.83% | $5.9M |
| Japan | 0.15% | $1M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 99.32% | $705M |
| U.S. GSE | 0.68% | $4.8M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 94.71% | $672M |
| Level 1 | 8.19% | $58.1M |
| Level 3 | 0.99% | $7M |
| N/A | -3.89% | $-27.6M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 103.89% | $737M |
| Short | -3.89% | $-27.6M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 191 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Bank of America Corp | 06055HAH6 | Debt | CORP | United States | 17,981,000 | principal | $18.4M | 2.59% | 2 |
| JPMorgan Chase & Co | 48128BAQ4 | Debt | CORP | United States | 17,767,000 | principal | $18.3M | 2.59% | 2 |
| Citigroup Inc | 172967PE5 | Debt | CORP | United States | 13,100,000 | principal | $13.6M | 1.92% | 2 |
| WELLS FARGO & COMPANY | 95002YAA1 | Debt | CORP | United States | 12,345,000 | principal | $12.9M | 1.82% | 2 |
| SBL HOLDINGS INCrestricted | 78397DAA6 | Debt | CORP | United States | 13,500,000 | principal | $12.8M | 1.81% | 2 |
| Goldman Sachs Group Inc/The | 38141GA79 | Debt | CORP | United States | 11,071,000 | principal | $11.5M | 1.61% | 2 |
| TRUIST FINANCIAL CORP | 89832QAD1 | Debt | CORP | United States | 11,209,000 | principal | $11.2M | 1.58% | 2 |
| General Motors Co | 37045XCA2 | Debt | CORP | United States | 10,476,000 | principal | $10.4M | 1.46% | 2 |
| VODAFONE GROUP PLC | 92857WBQ2 | Debt | CORP | United Kingdom | 10,000,000 | principal | $10.3M | 1.45% | 2 |
| Enbridge Inc | 29250NBT1 | Debt | CORP | Canada | 8,696,000 | principal | $9.8M | 1.38% | 2 |
| JPMorgan Chase & Co | 48128AAJ2 | Debt | CORP | United States | 8,663,000 | principal | $8.8M | 1.24% | 2 |
| ASSURANT INC | 04621XAK4 | Debt | CORP | United States | 8,045,000 | principal | $8.1M | 1.15% | 2 |
| Wells Fargo & Co | 95002YAC7 | Debt | CORP | United States | 7,874,000 | principal | $8.1M | 1.14% | 2 |
| Banco Santander SA | 05971KAQ2 | Debt | CORP | Spain | 6,800,000 | principal | $7.9M | 1.12% | 2 |
| NatWest Group PLC | 639057AQ1 | Debt | CORP | United Kingdom | 7,262,000 | principal | $7.9M | 1.11% | 2 |
| KeyCorp | 493267843 | Preferred | CORP | United States | 297,600 | shares | $7.6M | 1.06% | 1 |
| JPMorgan Chase & Co | 48128BAR2 | Debt | CORP | United States | 7,561,000 | principal | $7.5M | 1.06% | 2 |
| LLOYDS BANKING GROUP PLC | 53944YAV5 | Debt | CORP | United Kingdom | 6,996,000 | principal | $7.4M | 1.04% | 2 |
| HUNTINGTON BANCSHARES | 446150AT1 | Debt | CORP | United States | 7,400,000 | principal | $7.4M | 1.04% | 2 |
| ENERGY TRANSFER LP | 29273VAM2 | Debt | CORP | United States | 6,970,000 | principal | $7.2M | 1.01% | 2 |
| FIRST CITIZENS BANCSHARE | 31959XAA1 | Debt | CORP | United States | 7,070,000 | principal | $7.1M | 1.00% | 2 |
| PNC FINANCIAL SERVICES | 693475BF1 | Debt | CORP | United States | 6,990,000 | principal | $7M | 0.99% | 2 |
| ING Groep NV | ZM9188925 | Debt | CORP | Netherlands | 6,795,000 | principal | $7M | 0.98% | 2 |
| ENBRIDGE INC | 29250NBP9 | Debt | CORP | Canada | 6,360,000 | principal | $6.8M | 0.97% | 2 |
| Prudential Financial Inc | 744320BP6 | Debt | CORP | United States | 6,688,000 | principal | $6.8M | 0.96% | 2 |
| Sempra | 816851BV0 | Debt | CORP | United States | 6,476,000 | principal | $6.5M | 0.91% | 2 |
| CITIZENS FINANCIAL GROUP | 174610AQ8 | Debt | CORP | United States | 6,500,000 | principal | $6.5M | 0.91% | 2 |
| Bank of America Corp | 06055HAK9 | Debt | CORP | United States | 6,425,000 | principal | $6.4M | 0.91% | 2 |
| NextEra Energy Inc | 65339KDB3 | Debt | CORP | United States | 6,174,000 | principal | $6.3M | 0.89% | 2 |
| MetLife Inc | 59156RAV0 | Debt | CORP | United States | 4,990,000 | principal | $6.3M | 0.89% | 2 |
| COBANK ACB | 19075QAE2 | Debt | CORP | United States | 6,050,000 | principal | $6M | 0.85% | 2 |
| Deutsche Bank AG | EK2626407 | Debt | CORP | Germany | 5,600,000 | principal | $5.9M | 0.83% | 2 |
| Goldman Sachs Group Inc/The | 38141GC28 | Debt | CORP | United States | 5,784,000 | principal | $5.9M | 0.83% | 2 |
| PNC FINANCIAL SERVICES | 693475BP9 | Debt | CORP | United States | 5,735,000 | principal | $5.8M | 0.82% | 2 |
| Wells Fargo & Co | 95002YAE3 | Debt | CORP | United States | 5,740,000 | principal | $5.7M | 0.81% | 2 |
| Enstar Group Ltd | 29359U109 | Preferred | CORP | Bermuda | 243,575 | shares | $5.6M | 0.78% | 1 |
| BNP Paribas SArestricted | 05602XDJ4 | Debt | CORP | France | 5,225,000 | principal | $5.5M | 0.78% | 2 |
| Citigroup Inc | 172967PK1 | Debt | CORP | United States | 5,351,000 | principal | $5.4M | 0.77% | 2 |
| UBS Group AGrestricted | 902613BE7 | Debt | CORP | Switzerland | 4,745,000 | principal | $5.4M | 0.76% | 2 |
| Sumisho Air Lease Corp | 00912XBQ6 | Debt | CORP | United States | 5,601,000 | principal | $5.4M | 0.76% | 2 |
| GOLDMAN SACHS GROUP INC | 38141GA38 | Debt | CORP | United States | 5,140,000 | principal | $5.3M | 0.75% | 2 |
| Goldman Sachs Group Inc/The | 38141GB52 | Debt | CORP | United States | 5,249,000 | principal | $5.2M | 0.73% | 2 |
| TRANSCANADA PIPELINES | 89352HAC3 | Debt | CORP | Canada | 5,600,000 | principal | $5.2M | 0.73% | 2 |
| Goldman Sachs Group Inc/The | 38141GF66 | Debt | CORP | United States | 5,091,000 | principal | $5.1M | 0.71% | 2 |
| CHS Inc | 12542R506 | Preferred | CORP | United States | 198,891 | shares | $5M | 0.71% | 1 |
| Voya Financial Inc | 929089209 | Preferred | CORP | United States | 211,000 | shares | $5M | 0.71% | 1 |
| Energy Transfer LP | 29273VBH2 | Debt | CORP | United States | 4,947,000 | principal | $5M | 0.70% | 2 |
| Bank of Montreal | 06368L5Q5 | Debt | CORP | Canada | 4,783,000 | principal | $4.9M | 0.70% | 2 |
| Societe Generale SArestricted | 83370RAF5 | Debt | CORP | France | 4,952,000 | principal | $4.9M | 0.69% | 2 |
| Energy Transfer LP | 29273VAX8 | Debt | CORP | United States | 4,570,000 | principal | $4.8M | 0.68% | 2 |
| HSBC HOLDINGS PLC | 404280DT3 | Debt | CORP | United Kingdom | 4,560,000 | principal | $4.7M | 0.66% | 2 |
| Vistra Corprestricted | 92840MAD4 | Debt | CORP | United States | 4,398,000 | principal | $4.7M | 0.66% | 2 |
| Athene Holding Ltd | 04686J861 | Preferred | CORP | United States | 194,775 | shares | $4.7M | 0.66% | 1 |
| HSBC Holdings PLC | 404280EJ4 | Debt | CORP | United Kingdom | 4,539,000 | principal | $4.6M | 0.65% | 2 |
| UBS Group AGrestricted | 902613BF4 | Debt | CORP | Switzerland | 4,325,000 | principal | $4.6M | 0.65% | 2 |
| VOYA FINANCIAL INC | 929089AG5 | Debt | CORP | United States | 4,352,000 | principal | $4.5M | 0.63% | 2 |
| Entergy Corp | 29364GAQ6 | Debt | CORP | United States | 4,322,000 | principal | $4.4M | 0.62% | 2 |
| American National Group Inc | 025676859 | Preferred | CORP | United States | 185,450 | shares | $4.4M | 0.62% | 1 |
| Credit Agricole SArestricted | 225313AT2 | Debt | CORP | France | 4,326,000 | principal | $4.4M | 0.62% | 2 |
| State Street Corp | 857477CH4 | Debt | CORP | United States | 4,250,000 | principal | $4.3M | 0.61% | 2 |
| Citigroup Inc | 17327CBC6 | Debt | CORP | United States | 4,177,000 | principal | $4.2M | 0.59% | 2 |
| Credit Agricole SArestricted | 225313AR6 | Debt | CORP | France | 4,185,000 | principal | $4.1M | 0.58% | 2 |
| Regions Financial Corp | 7591EP704 | Preferred | CORP | United States | 163,723 | shares | $4M | 0.56% | 1 |
| Rogers Communications Inc | 775109DH1 | Debt | CORP | Canada | 3,941,000 | principal | $4M | 0.56% | 2 |
| Societe Generale SArestricted | 83371GAA9 | Debt | CORP | France | 3,631,000 | principal | $3.9M | 0.56% | 2 |
| Corebridge Financial Inc | 21871XAT6 | Debt | CORP | United States | 3,982,000 | principal | $3.9M | 0.55% | 2 |
| ING Groep NV | 456837BT9 | Debt | CORP | Netherlands | 3,784,000 | principal | $3.9M | 0.54% | 2 |
| HSBC Holdings PLC | 404280EH8 | Debt | CORP | United Kingdom | 3,763,000 | principal | $3.8M | 0.54% | 2 |
| BCE Inc | 0778FPAQ2 | Debt | CORP | Canada | 3,791,000 | principal | $3.8M | 0.54% | 2 |
| CoBank ACB | 19075QAG7 | Debt | CORP | United States | 3,785,000 | principal | $3.8M | 0.54% | 2 |
| South Bow Canadian Infrastructure Holdings Ltd | 836720AJ1 | Debt | CORP | Canada | 3,554,000 | principal | $3.8M | 0.53% | 2 |
| Dominion Energy Inc | 25746UDU0 | Debt | CORP | United States | 3,593,000 | principal | $3.7M | 0.53% | 2 |
| AES Corp/The | 00130HCL7 | Debt | CORP | United States | 3,817,000 | principal | $3.7M | 0.53% | 2 |
| BARCLAYS PLC | 06738EBX2 | Debt | CORP | United Kingdom | 3,510,000 | principal | $3.7M | 0.52% | 2 |
| Morgan Stanley | 61762V838 | Preferred | CORP | United States | 143,950 | shares | $3.7M | 0.52% | 1 |
| Venture Global LNG Increstricted | 92332YAF8 | Debt | CORP | United States | 3,673,000 | principal | $3.7M | 0.52% | 2 |
| Canadian Imperial Bank of Commerce | 13607PNF7 | Debt | CORP | Canada | 3,617,000 | principal | $3.6M | 0.51% | 2 |
| Royal Bank of Canada | 780082AV5 | Debt | CORP | Canada | 3,586,000 | principal | $3.6M | 0.51% | 2 |
| Charles Schwab Corp/The | 808513CM5 | Debt | CORP | United States | 3,657,000 | principal | $3.6M | 0.51% | 2 |
| TORONTO-DOMINION BANK | 89117F8Z5 | Debt | CORP | Canada | 3,495,000 | principal | $3.6M | 0.51% | 2 |
| Bank of Montreal | 06368L8V1 | Debt | CORP | Canada | 3,538,000 | principal | $3.6M | 0.50% | 2 |
| Bank of New York Mellon Corp/The | 064058845 | Preferred | CORP | United States | 139,125 | shares | $3.5M | 0.49% | 1 |
| CMS Energy Corp | 125896BY5 | Debt | CORP | United States | 3,416,000 | principal | $3.5M | 0.49% | 2 |
| AerCap Holdings NV | 00774MBK0 | Debt | CORP | Ireland | 3,350,000 | principal | $3.4M | 0.48% | 2 |
| Banco Santander SA | 05964HBH7 | Debt | CORP | Spain | 3,200,000 | principal | $3.4M | 0.48% | 2 |
| Omnis Funding Trustrestricted | 68218WAA2 | Debt | CORP | United Kingdom | 3,396,000 | principal | $3.4M | 0.48% | 2 |
| Barclays PLC | 06738ECN3 | Debt | CORP | United Kingdom | 3,083,000 | principal | $3.4M | 0.48% | 2 |
| Huntington Bancshares Inc/OH | 446150BG8 | Debt | CORP | United States | 3,406,000 | principal | $3.4M | 0.48% | 2 |
| PRUDENTIAL FINANCIAL INC | 744320BL5 | Debt | CORP | United States | 3,248,000 | principal | $3.4M | 0.47% | 2 |
| Canadian Imperial Bank of Commerce | 13607P7Y4 | Debt | CORP | Canada | 3,298,000 | principal | $3.3M | 0.47% | 2 |
| Banco Bilbao Vizcaya Argentaria SA | 05946KAM3 | Debt | CORP | Spain | 3,075,000 | principal | $3.3M | 0.47% | 2 |
| Duke Energy Corp | 26441CCG8 | Debt | CORP | United States | 3,244,000 | principal | $3.3M | 0.47% | 2 |
| RLGH Finance Bermuda Ltd | DA3569161 | Debt | CORP | Bermuda | 3,323,000 | principal | $3.3M | 0.47% | 2 |
| Bank of Nova Scotia/The | 0641598V1 | Debt | CORP | Canada | 3,090,000 | principal | $3.2M | 0.46% | 2 |
| Toronto-Dominion Bank/The | 89116C4H7 | Debt | CORP | Canada | 3,240,000 | principal | $3.2M | 0.46% | 2 |
| Royal Bank of Canada | 780082BA0 | Debt | CORP | Canada | 3,301,000 | principal | $3.2M | 0.46% | 2 |
| AerCap Holdings NV | 00774MBQ7 | Debt | CORP | Ireland | 3,200,000 | principal | $3.2M | 0.45% | 2 |
| CAPITAL FARM CREDIT ACArestricted | 14019TAA4 | Debt | CORP | United States | 3,250,000 | principal | $3.2M | 0.45% | 2 |
| American National Group Inc | 025676AR8 | Debt | CORP | United States | 3,308,000 | principal | $3.2M | 0.45% | 2 |
| General Motors Co | 37045XDB9 | Debt | CORP | United States | 3,195,000 | principal | $3.1M | 0.44% | 2 |
| Standard Life PLC | YX5563508 | Debt | CORP | United Kingdom | 2,955,000 | principal | $3.1M | 0.44% | 2 |
| Fifth Third Bancorp | 316773605 | Preferred | CORP | United States | 121,601 | shares | $3.1M | 0.44% | 1 |
| AerCap Holdings NVrestricted | 44965TAA5 | Debt | CORP | United States | 3,673,000 | principal | $3.1M | 0.44% | 2 |
| SBL HOLDINGS INCrestricted | 78397DAC2 | Debt | CORP | United States | 3,415,000 | principal | $3.1M | 0.44% | 2 |
| Citigroup Inc | 172967PM7 | Debt | CORP | United States | 3,014,000 | principal | $3.1M | 0.43% | 2 |
| Credit Suisse Group AG | 902LUX008 | Debt | CORP | Switzerland | 9,004,000 | principal | $3.1M | 0.43% | 3 |
| Dominion Energy Inc | 25746UDV8 | Debt | CORP | United States | 3,000,000 | principal | $3M | 0.43% | 2 |
| BNP PARIBASrestricted | 05565AM34 | Debt | CORP | France | 2,856,000 | principal | $3M | 0.42% | 2 |
| Sunoco LPrestricted | 86765KAE9 | Debt | CORP | United States | 2,870,000 | principal | $2.9M | 0.41% | 2 |
| STATE STREET BANK AND TRUST COMPANY | 85748R009 | Repo | CORP | United States | 2,905,841 | principal | $2.9M | 0.41% | 2 |
| Assured Guaranty Ltdrestricted | 31769PAB6 | Debt | CORP | United States | 3,000,000 | principal | $2.9M | 0.40% | 2 |
| Ally Financial Inc | 02005NCB4 | Debt | CORP | United States | 2,853,000 | principal | $2.9M | 0.40% | 2 |
| Emera Inc | 29882DAB9 | Debt | CORP | United States | 2,713,000 | principal | $2.8M | 0.40% | 2 |
| Citigroup Inc | 172967QJ3 | Debt | CORP | United States | 2,717,000 | principal | $2.7M | 0.38% | 2 |
| Farm Credit Bank of Texasrestricted | 30767EAE9 | Debt | USGSE | United States | 2,566,000 | principal | $2.7M | 0.37% | 2 |
| First Horizon Corp | 320517840 | Preferred | CORP | United States | 106,650 | shares | $2.6M | 0.37% | 1 |
| Compeer Financial ACArestricted | 20453QAC6 | Debt | CORP | United States | 2,574,000 | principal | $2.6M | 0.37% | 2 |
| Lincoln National Corp | 534187CA5 | Debt | CORP | United States | 2,636,000 | principal | $2.6M | 0.37% | 2 |
| MetLife Inc | 59156RCQ9 | Debt | CORP | United States | 2,518,000 | principal | $2.6M | 0.36% | 2 |
| BNP PARIBASrestricted | 05565A5R0 | Debt | CORP | France | 2,430,000 | principal | $2.5M | 0.36% | 2 |
| Bank of Nova Scotia/The | 06419GEE2 | Debt | CORP | Canada | 2,555,000 | principal | $2.5M | 0.36% | 2 |
| Cemex SAB de CVrestricted | 151290CC5 | Debt | CORP | Mexico | 2,434,000 | principal | $2.5M | 0.35% | 2 |
| AES Corp/The | 00130HCK9 | Debt | CORP | United States | 2,456,000 | principal | $2.5M | 0.35% | 2 |
| BNP Paribas SArestricted | 05602XQS0 | Debt | CORP | France | 2,513,000 | principal | $2.5M | 0.35% | 2 |
| EDISON INTERNATIONAL | 281020AX5 | Debt | CORP | United States | 2,404,000 | principal | $2.5M | 0.35% | 2 |
| Enstar Group Ltdrestricted | 29359UAF6 | Debt | CORP | Bermuda | 2,511,000 | principal | $2.5M | 0.35% | 2 |
| PNC FINANCIAL SERVICES | 693475BD6 | Debt | CORP | United States | 2,445,000 | principal | $2.4M | 0.34% | 2 |
| Reinsurance Group of America Inc | 759351885 | Preferred | CORP | United States | 93,300 | shares | $2.4M | 0.34% | 1 |
| UBS Group AGrestricted | 902613BK3 | Debt | CORP | Switzerland | 2,180,000 | principal | $2.3M | 0.32% | 2 |
| Nordea Bank Abprestricted | 65558RAQ2 | Debt | CORP | Finland | 2,280,000 | principal | $2.3M | 0.32% | 2 |
| BNP PARIBASrestricted | 05565AS20 | Debt | CORP | France | 2,150,000 | principal | $2.2M | 0.32% | 2 |
| FIFTH THIRD BANCORP | 316773CM0 | Debt | CORP | United States | 2,224,000 | principal | $2.2M | 0.31% | 2 |
| VISTRA CORPrestricted | 92840MAC6 | Debt | CORP | United States | 2,215,000 | principal | $2.2M | 0.31% | 2 |
| Enstar Group Ltdrestricted | 29359UAD1 | Debt | CORP | Bermuda | 2,061,000 | principal | $2.1M | 0.30% | 2 |
| Farm Credit Bank of Texas | 30767EAF6 | Debt | USGSE | United States | 2,092,000 | principal | $2.1M | 0.30% | 2 |
| TC Energy Corp | 89356BAG3 | Debt | CORP | Canada | 2,155,000 | principal | $2.1M | 0.30% | 2 |
| CoBank ACB | 19075QAF9 | Debt | CORP | United States | 2,062,000 | principal | $2.1M | 0.29% | 2 |
| Corebridge Financial Inc | 21871XAU3 | Debt | CORP | United States | 2,012,000 | principal | $2.1M | 0.29% | 2 |
| BNP Paribas SArestricted | 05602XJC3 | Debt | CORP | France | 1,997,000 | principal | $2M | 0.29% | 2 |
| First Citizens BancShares Inc/NC | 31959XAG8 | Debt | CORP | United States | 2,020,000 | principal | $2M | 0.29% | 2 |
| TELUS Corp | 87971MCM3 | Debt | CORP | Canada | 1,977,000 | principal | $2M | 0.28% | 2 |
| Banco Mercantil del Norte SA/Grand Caymanrestricted | 05971PAE8 | Debt | CORP | Mexico | 1,940,000 | principal | $2M | 0.28% | 2 |
| Credit Suisse Group AG | 902LWB004 | Debt | CORP | Switzerland | 5,850,000 | principal | $2M | 0.28% | 3 |
| PG&E Corp | 69331CAM0 | Debt | CORP | United States | 1,925,000 | principal | $2M | 0.28% | 2 |
| Sempra | 816851BW8 | Debt | CORP | United States | 1,921,000 | principal | $1.9M | 0.27% | 2 |
| Banco Bilbao Vizcaya Argentaria SA | 05946KAF8 | Debt | CORP | Spain | 1,895,000 | principal | $1.9M | 0.27% | 2 |
| Citizens Financial Group Inc | 174610BL8 | Debt | CORP | United States | 1,854,000 | principal | $1.8M | 0.26% | 2 |
| SOCIETE GENERALErestricted | 83370RAC2 | Debt | CORP | France | 1,680,000 | principal | $1.8M | 0.25% | 2 |
| STANDARD CHARTERED PLCrestricted | 853254CM0 | Debt | CORP | United Kingdom | 1,700,000 | principal | $1.7M | 0.25% | 2 |
| HSBC Holdings PLC | 404280FH7 | Debt | CORP | United Kingdom | 1,706,000 | principal | $1.7M | 0.24% | 2 |
| CITIGROUP INC | 172967PC9 | Debt | CORP | United States | 1,650,000 | principal | $1.7M | 0.24% | 2 |
| Capital One Financial Corp | 14040HDK8 | Debt | CORP | United States | 1,690,000 | principal | $1.7M | 0.24% | 2 |
| Julius Baer Group Ltd | YR4111344 | Debt | CORP | Switzerland | 1,600,000 | principal | $1.6M | 0.23% | 2 |
| Canadian Imperial Bank of Commerce | 13607QUM2 | Debt | CORP | Canada | 1,646,000 | principal | $1.6M | 0.23% | 2 |
| CHS Inc | 12542R704 | Preferred | CORP | United States | 65,393 | shares | $1.6M | 0.23% | 1 |
| Banco Mercantil del Norte SA Institucion de Banca Multiple Grupo Financierorestricted | 05962GAJ8 | Debt | CORP | Cayman Islands | 1,595,000 | principal | $1.6M | 0.23% | 2 |
| KeyCorp | 493267702 | Preferred | CORP | United States | 62,700 | shares | $1.6M | 0.22% | 1 |
| Edison International | 281020AZ0 | Debt | CORP | United States | 1,529,000 | principal | $1.6M | 0.22% | 2 |
| VISTRA CORPrestricted | 92840MAB8 | Debt | CORP | United States | 1,560,000 | principal | $1.6M | 0.22% | 2 |
| Bank of Montreal | 06368LQ58 | Debt | CORP | Canada | 1,470,000 | principal | $1.5M | 0.21% | 2 |
| Banco Bilbao Vizcaya Argentaria SA | 05946KAS0 | Debt | CORP | Spain | 1,400,000 | principal | $1.5M | 0.21% | 2 |
| CVS Health Corp | 126650EG1 | Debt | CORP | United States | 1,381,000 | principal | $1.4M | 0.20% | 2 |
| Aspen Insurance Holdings Ltd | EP0607309 | Preferred | CORP | Bermuda | 59,425 | shares | $1.4M | 0.20% | 1 |
| NatWest Group PLC | 639057AT5 | Debt | CORP | United Kingdom | 1,370,000 | principal | $1.4M | 0.20% | 2 |
| AES Andes SArestricted | 00111VAC1 | Debt | CORP | Chile | 1,300,000 | principal | $1.4M | 0.19% | 2 |
| AltaGas Ltdrestricted | 021361AD2 | Debt | CORP | Canada | 1,302,000 | principal | $1.3M | 0.19% | 2 |
| Puget Energy Inc | 745310AU6 | Debt | CORP | United States | 1,330,000 | principal | $1.3M | 0.19% | 2 |
| Lloyds Banking Group PLC | 53944YBB8 | Debt | CORP | United Kingdom | 1,300,000 | principal | $1.3M | 0.19% | 2 |
| UBS Group AGrestricted | 902613BS6 | Debt | CORP | Switzerland | 1,280,000 | principal | $1.3M | 0.18% | 2 |
| CVS Health Corp | 126650EH9 | Debt | CORP | United States | 1,174,000 | principal | $1.2M | 0.17% | 2 |
| CoBank ACB | 19075QAH5 | Debt | CORP | United States | 1,198,000 | principal | $1.2M | 0.17% | 2 |
| MetLife Inc | 59156RCR7 | Debt | CORP | United States | 1,219,000 | principal | $1.2M | 0.17% | 2 |
| HSBC Holdings PLC | 404280EV7 | Debt | CORP | United Kingdom | 1,171,000 | principal | $1.2M | 0.17% | 2 |
| Credit Suisse Group AG | 902MMW908 | Debt | CORP | Switzerland | 3,325,000 | principal | $1.1M | 0.16% | 3 |
| Nomura Holdings Inc | 65535HCC1 | Debt | CORP | Japan | 1,026,000 | principal | $1M | 0.15% | 2 |
| Banco Bilbao Vizcaya Argentaria SA | 05946KAW1 | Debt | CORP | Spain | 1,027,000 | principal | $1M | 0.14% | 2 |
| Barclays PLC | 06738EDC6 | Debt | CORP | United Kingdom | 977,000 | principal | $1M | 0.14% | 2 |
| BNP Paribas SArestricted | 05602XQQ4 | Debt | CORP | France | 986,000 | principal | $999K | 0.14% | 2 |
| Credit Suisse Group AG | 902LWC002 | Debt | CORP | Switzerland | 2,460,000 | principal | $836K | 0.12% | 3 |
| Societe Generale SArestricted | 83370RAD0 | Debt | CORP | France | 770,000 | principal | $836K | 0.12% | 2 |
| Banco Santander SA | 05971KAY5 | Debt | CORP | Spain | 800,000 | principal | $802K | 0.11% | 2 |
| ENERGY TRANSFER LP | 29273VAJ9 | Debt | CORP | United States | 761,000 | principal | $764K | 0.11% | 2 |
| Nordea Bank Abprestricted | 65558RAK5 | Debt | CORP | Finland | 745,000 | principal | $745K | 0.10% | 2 |
| Emera US Finance LLC | 29103HAB3 | Debt | CORP | United States | 726,000 | principal | $732K | 0.10% | 2 |
| Banco Mercantil del Norte SA Institucion de Banca Multiple Grupo Financierorestricted | 05971PAB4 | Debt | CORP | Cayman Islands | 715,000 | principal | $709K | 0.10% | 2 |
| KeyCorp | 493267868 | Preferred | CORP | United States | 31,966 | shares | $690K | 0.10% | 1 |
| KeyCorp | 493267876 | Preferred | CORP | United States | 31,875 | shares | $688K | 0.10% | 1 |
| Pinnacle Financial Partners Inc | 72348N307 | Preferred | CORP | United States | 25,184 | shares | $666K | 0.09% | 1 |
| COMPEER FINANCIAL ACArestricted | 20453QAA0 | Debt | CORP | United States | 350,000 | principal | $345K | 0.05% | 2 |
| FARM CREDIT BK OF TEXASrestricted | 30767EAC3 | Debt | USGSE | United States | 50,000 | principal | $50K | 0.01% | 2 |
| RBC CAP MKTS/DAIN RAUSCHER/FOREFRONT/JOSEPH GUNNARshort | 937JBD007 | Repo | CORP | Canada | -27,592,000 | principal | $-27.6M | -3.89% | N/A |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jul 31, 2026 | Sep 25, 2026 | 191 | 100.0% | $710M | full |
| Apr 30, 2026 | Jun 24, 2026 | 190 | 100.0% | $722M | full |
| Jan 31, 2026 | Mar 25, 2026 | 188 | 100.0% | $730M | full |
| Oct 31, 2025 | Dec 30, 2025 | 188 | 100.0% | $734M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Nuveen Variable Rate Preferred & Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.