NPFD: More Attractive Valuation But Still Not A Buy

2026-01-06 08:58:22 ET

Overview

Nuveen Variable Rate Preferred & Income Fund ( NPFD ) operates as a closed-end fund that aims to provide attractive total returns through a portfolio of variable rate and preferred securities. A fund like NPFD can be an efficient way to hedge against the uncertainty that traditional equities and market indices may expose investors to. As market indices continue to hover near their all-time highs, a fund like NPFD can be a defensive choice for investors seeking income stability. When I previously covered NPFD, I issued a hold rating due to the inconsistent earnings and questionable outlook at the time. Since my last coverage, NPFD has released an updated report that prompted me to revisit the fund's value proposition....

Read the full article on Seeking Alpha

For further details see: