The Nuveen Variable Rate Preferred & Income Fund (NPFD) is rated as a 'Hold' because it mainly holds fixed-rate preferred securities, exposing it to significant interest rate risk with an effective duration of 5.53 years. Despite its name, the fund's distribution coverage is under pressure, with net investment income coverage currently insufficient and expected to worsen. This limits the fund's appeal for investors seeking stable income, especially given the modest discount at which it trades. Investors should be cautious as the fund's income sustainability faces challenges amid rising rates.
The Nuveen Variable Rate Preferred & Income Fund (NPFD) is the subject of this update, with Pluang market data providing context. On September 15, 2026, out of 150 priced US stocks tradable on Pluang, 25 rose and 119 fell. Notable movers include Gilead Sciences, Inc. (GILD) at USD 143.52 with a 1-day change of -1.97%, Gold Fields Limited (GFI) at USD 42.29 down 1.92%, and Freeport-McMoRan Inc (FCX) at USD 68.08 down 1.83%, as of 15:51 WIB.
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