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Nuveen Variable Rate Preferred & Income Fund (NPFD)

Specialty Equity Funds - Preferred Equity

Data as of May 20, 2024
Current
Market Price $17.82 ( $0.00)
NAV (May 20, 2024) $20.17 (+ $0.03)
Fund Listed NYSE
Premium / Discount -11.65% (-0.13%)
Fund Info
Inception Dec. 15, 2021
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Phone 800.257.8787
NAV Symbol XNPFX
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date Feb. 1, 2034
Objective: High level of current income and total return by investing in a portfolio of variable rate preferred securities and other variable rate income producing securities.
Related Indexes
15 Major CEF Sectors Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Taxable Bond & BDC Index
Preferred Equity Index
Capital & Leverage
Outstanding Shares 24,164,141
Total Assets (Reported: March 30, 2024) $765M
Estimated Total Assets $768M
Net Assets $487M
Market Cap $431M
Portfolio Turnover 17.00%
Total Leverage 36.55%
Structural Leverage (out of total) 92.64%
Portfolio Leverage (out of total) 7.36%
Expense Ratio 4.84%
Non Lev Exp Ratio 1.52%
Rel Lev Cost 5.76%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -17.44%
Discount High(3 Yr) 6.78%
Discount Rel Range (3 Yr) 23.89%
Comp Discount -5.12
Discount St Dev (1Yr) 1.51
Z-Stat
Z-Stat (6mo) 1.19
Z-Stat (1Yr) 1.57
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.82
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 8.05%
Income Yield 8.05%
Lev Adj NAV Yield 5.21%
Distribution Frequency M
Current Distribution $0.120
Current Income $0.120
Ex-Date 5/14/24
Payable Date 6/3/24
Div Growth (3yr) %
Dividend Change 27.8% on 2/1/24
Expected Div 6/3/24
RoC (1yr) 1.20%
RoC (3yr) 0.80%
Tax Dividend Data 2023
Income 97.7%
ST Gains 0%
QDI 97.7%
LT Gains 0%
RoC 2.3%
Volume & Liquidity
Average Daily $ (K) $859
Avg Volume 30 day 47,876
Avg Volume 90 day 48,225
Volume Trend -0.72%
Comp Volume Trend 11.01%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
52.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
77.0%
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
86.0%
Most Correlated Peer (Mk Pr): FLC 85.0%
NAV - Price Correlation (30 d) 96.1%
NAV - Price Correlation (90 d) 84.1%
NAV - Price Correlation (1 Yr) 96.8%
Price St Dev (1Yr) 11.7%
NAV St Dev (1Yr) 4.6%
Earnings
Earnings / Share (4/30/24) $0.092
Earn Coverage 76.65%
Earnings Trend Up
UNII / Share (4/30/24) $-0.095
Rel UNII -6.64
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.41
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.79
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index
0.91

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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