Nuveen Variable Rate Preferred & Income Fund (NPFD) - Net Assets
Based on the latest financial reports, Nuveen Variable Rate Preferred & Income Fund (NPFD) has net assets worth $484.74 Million USD as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($765.19 Million) and total liabilities ($280.45 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Nuveen Variable Rate Preferred & Income tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $484.74 Million |
| % of Total Assets | 63.35% |
| Annual Growth Rate | -1.6% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.42 |
Nuveen Variable Rate Preferred & Income Fund - Net Assets Trend (2022–2025)
This chart illustrates how Nuveen Variable Rate Preferred & Income Fund's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Nuveen Variable Rate Preferred & Income to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nuveen Variable Rate Preferred & Income Fund (2022–2025)
The table below shows the annual net assets of Nuveen Variable Rate Preferred & Income Fund from 2022 to 2025. For live valuation and market cap data, see Nuveen Variable Rate Preferred & Income (NPFD) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $484.74 Million | -0.36% |
| 2024-07-31 | $486.48 Million | +7.24% |
| 2023-07-31 | $453.64 Million | -10.85% |
| 2022-07-31 | $508.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nuveen Variable Rate Preferred & Income Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 775986000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $241.64K | 0.05% |
| Other Components | $571.98 Million | 118.00% |
| Total Equity | $484.74 Million | 100.00% |
Nuveen Variable Rate Preferred & Income Fund Competitors by Market Cap
The table below lists competitors of Nuveen Variable Rate Preferred & Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hillstone Networks Co Ltd
SHG:688030
|
$448.36 Million |
|
Energy Recovery Inc
NASDAQ:ERII
|
$448.44 Million |
|
Iteos Therapeutics Inc
NASDAQ:ITOS
|
$448.68 Million |
|
Nanjing Aolian Ae&Ea Co Ltd
SHE:300585
|
$448.70 Million |
|
Tianjin Jieqiang Power Equipment Co
SHE:300875
|
$448.20 Million |
|
Acacia Research Corporation
NASDAQ:ACTG
|
$448.17 Million |
|
Huaren Pharmaceutical Co Ltd
SHE:300110
|
$448.06 Million |
|
AngioDynamics Inc
NASDAQ:ANGO
|
$447.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nuveen Variable Rate Preferred & Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 486,476,014 to 484,742,664, a change of -1,733,350 (-0.4%).
- Net income of 46,836,575 contributed positively to equity growth.
- Dividend payments of 48,569,756 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.84 Million | +9.66% |
| Dividends Paid | $48.57 Million | -10.02% |
| Other Changes | $-169.00 | -0.0% |
| Total Change | $- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares Nuveen Variable Rate Preferred & Income Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-07-31 | $21.02 | $18.55 | x |
| 2023-07-31 | $18.86 | $18.55 | x |
| 2024-07-31 | $20.17 | $18.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nuveen Variable Rate Preferred & Income Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 100.57%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.58x
- Recent ROE (9.66%) is above the historical average (0.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -14.79% | 0.00% | -0.09x | 1.59x | $-126.15 Million |
| 2023 | -5.41% | 0.00% | -0.01x | 1.59x | $-69.90 Million |
| 2024 | 13.44% | 78.68% | 0.11x | 1.59x | $16.72 Million |
| 2025 | 9.66% | 100.57% | 0.06x | 1.58x | $-1.64 Million |
Industry Comparison
This section compares Nuveen Variable Rate Preferred & Income Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,830,051,427
- Average return on equity (ROE) among peers: -2.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nuveen Variable Rate Preferred & Income Fund (NPFD) | $484.74 Million | -14.79% | 0.58x | $448.24 Million |
| Acadian Asset Management Inc (AAMI) | $2.43 Billion | 0.12% | 2.51x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $381.33 Million | 35.01% | 0.36x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $97.63 Million | -30.60% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-214.26K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $4.30 Billion | 10.10% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $9.23 Billion | 14.45% | 14.66x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $3.92 Million | 36.60% | 15.42x | $40.58 Million |
About Nuveen Variable Rate Preferred & Income Fund
Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois.