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Nuveen Variable Rate Preferred & Income Fund (NPFD)

Specialty Equity Funds - Preferred Equity

Data as of March 24, 2023
Market Price $15.02 (- $0.28)
NAV (March 24, 2023) $17.37 (- $0.17)
Fund Listed NYSE
Premium / Discount -13.53% (-0.76%)
Fund Info
Inception Dec. 15, 2021
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Phone 800.257.8787
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
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
Taxable Bond & BDC Index
Preferred Equity Index
Capital & Leverage
Outstanding Shares 24,164,141
Total Assets (Reported: Jan. 30, 2023) $786M
Estimated Total Assets $652M
Net Assets $420M
Market Cap $363M
Portfolio Turnover 14.00%
Total Leverage 35.61%
Structural Leverage (out of total) 87.25%
Portfolio Leverage (out of total) 12.75%
Expense Ratio 2.78%
Non Lev Exp Ratio 1.49%
Rel Lev Cost 2.33%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -14.24%
Discount High(3 Yr) 6.78%
Discount Rel Range (3 Yr) 3.39%
Comp Discount -8.68
Discount St Dev (1Yr) 2.88
Z-Stat (6mo) -2.00
Z-Stat (1Yr) -1.68
Z-Stat (3Yr)
Comp Z-Stat (6mo) -1.92
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.67%
Income Yield 7.67%
Lev Adj NAV Yield 4.89%
Distribution Frequency M
Current Distribution $0.096
Current Income $0.096
Ex-Date 3/14/23
Payable Date 4/3/23
Div Growth (3yr) %
Dividend Change -19.7% on 1/3/23
Expected Div 4/3/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022
Income 100%
ST Gains 0%
QDI 97.8%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (K) $1,673
Avg Volume 30 day 95,882
Avg Volume 90 day 111,384
Volume Trend -13.92%
Comp Volume Trend -18.04%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
Most Correlated Peer (Mk Pr): FPF 75.0%
NAV - Price Correlation (30 d) 97.9%
NAV - Price Correlation (90 d) 96.5%
NAV - Price Correlation (1 Yr) 93.8%
Price St Dev (1Yr) 21.5%
NAV St Dev (1Yr) 12.0%
Earnings / Share (2/28/23) $0.103
Earn Coverage 107.08%
Earnings Trend Down
UNII / Share (2/28/23) $-0.097
Rel UNII -8.45
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index


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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.

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