Nuveen Variable Rate Pref & Inc Fund:NPFD

Important fund notice!

ON JUNE 3, 2024, THE FUND ANNOUNCED AN INCREASE IN ITS REGULAR DISTRIBUTION.

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    Overview

    As of 6/21/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$17.97$20.04-10.33%
    52 Wk Avg$16.53$19.14-13.68%
    52 Wk High$18.48$20.17-8.32%
    52 Wk Low$14.56$17.69-17.44%
    Regular Distribution TypeIncome Only
    Distribution Rate11.19%
    Distribution Amount$0.1675
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The fund's investment objective is to provide a high level of current income and total return. To achieve it's objective the fund will incest at least 80% of it's assets in variable rate preferred secirities and other variable rate income producing assets of the fund.

    Capital Structure

    As of 6/21/2024

    Total Investment Exposure:$764.155M
    Total Common Assets:$484.249M
    Common Shares Outstanding:24,164,141
    Leverage

    As of 6/21/2024

    Preferred Share Assets:
    Total Debt (USD): $279.906M
    Regulatory Leverage (USD): $279.906M
    Effective Leverage (USD): $279.906M
    Effective Leverage (%): 36.63%
    Annual Expense Ratios

    As of 7/31/2023

      Per Common Share
    Management Fees1.43%
    Other Expenses:0.24%
    Baseline Expense: N/A
    Interest Expense:2.77%
    Total: 4.43%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    Douglas M. Baker, Brenda A. Langenfeld

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: NPFD
    NAV Ticker: XNPFX
    Average Daily Volume (shares): 68,983
    Average Daily Volume (USD): $1.134M
    Inception Date: 12/15/2021
    Inception Share Price: $25.00
    Inception NAV: $25.00
    Tender Offer: No
    Term: No
    Fiscal Year End: July 31
    Third Party Links & Reports

    Distributions

    As of 6/21/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 1/31/2024
    $0.3538
    Annualized Distribution Rate on NAV:
    As of 6/21/2024
    10.03%
    Total Return on NAV (12 months):
    As of 6/21/2024
    17.97%
    Avg. Portfolio Coupon:
    As of 6/21/2024
    7.03%
    Total % Portfolio Effectively Leveraged:
    As of 6/21/2024
    36.63%

    For the latest UNII information on this fund, please visit the Nuveen fund resources.

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/21/2024

    PeriodAvg Discount
    6 Month-12.76%
    1 Year-13.68%
    3 Year 
    5 Year 
    Z-Score

    As of 6/21/2024

    PeriodZStat
    3 Month1.39
    6 Month1.56
    1 Year1.99
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2024
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD12.02%6.21%10.11%7.00%
    2023-1.14%6.04%3.41%7.07%
    2022-25.28%-16.88%-22.47%-15.85%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2024
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/21/2024
    7.03%
    Number of Holdings:
    As of 4/30/2024
    194
    Annual Portfolio Turnover:
    As of 7/31/2023
    17.00%
    Pre-Refunded:
    0.00%
    Average Bond Price:
    As of 4/30/2024
    $98.47
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Corporate (Super Sector)93.91%
    Preferred Stock59.49%
    Corporate Bond34.33%
    Convertible0.09%
    Cash Equivalents0.07%
    Cash Equivalents (Super Sector)0.07%
    Government (Super Sector)0.01%
    Government Related0.01%
    Call Exposure

    As of 4/30/2024

    Top Holdings

    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income26.83%
    Australia - Fixed Income1.36%
    Netherlands - Fixed Income1.22%
    Switzerland - Fixed Income1.21%
    Canada - Fixed Income1.09%
    France - Fixed Income1.06%
    Italy - Fixed Income0.87%
    United Kingdom - Fixed Income0.62%
    Spain - Fixed Income0.37%
    Mexico - Fixed Income0.30%
    Germany - Fixed Income0.02%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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