Nuveen Variable Rate Preferred & Income Fund Common Shares (NPFD)

Competitors to Nuveen Variable Rate Preferred & Income Fund Common Shares (NPFD)

BlackRock Enhanced Capital and Income Fund 

BlackRock Enhanced Capital and Income Fund (CII) competes with NPFD by focusing on providing high income through enhanced stock and bond strategies. CII utilizes a mix of high-yield fixed-income securities and equity options strategies to generate returns, which appeals to investors seeking consistent income. BlackRock, with its extensive asset management experience and resources, can leverage its research and technology to optimize portfolio management and risk assessment, offering a competitive edge over NPFD.

Cohen & Steers Preferred Securities and Income Fund

Cohen & Steers Preferred Securities and Income Fund (CPX) competes with NPFD by emphasizing actively managed investments in preferred securities and income-producing equities. CPX benefits from the strong brand reputation of Cohen & Steers in managing real estate and income-producing assets, which can contribute to investor confidence. Active management strategies, coupled with a focus on quality holdings, provide CPX a competitive edge in navigating interest rate changes better than NPFD, which may largely follow a passive income strategy.

Invesco Variable Rate Preferred ETF 

Invesco Variable Rate Preferred ETF (VRP) competes with NPFD by focusing on variable-rate preferred securities which appeal to investors looking to hedge against interest rate risk. Unlike NPFD, VRP is structured as an exchange-traded fund, offering investors the advantage of liquidity and real-time trading. This structure allows Invesco to attract investors who prioritize flexibility and accessibility, creating a competitive angle against NPFD's more traditional closed-end fund approach.

KFID S&P Preferred Stock ETF

The KFID S&P Preferred Stock ETF (KPE) competes directly with NPFD by providing exposure to a broad array of preferred stocks, similar to NPFD's offering. KPE is benchmarked against the S&P 500 Preferred Stock Index, appealing to investors looking for a diversified approach to preferred securities. However, KPE's index-based strategy may lead to less active management compared to NPFD, which could be a disadvantage in volatile market conditions where active decision-making can yield better performance.

Nuveen Short-Term REIT ETF 

Nuveen Short-Term REIT ETF (NURE) competes with NPFD by targeting a different segment of the income investment market—real estate investment trust (REIT) securities. NURE offers exposure to the real estate sector, which can provide attractive dividend yields, potentially more growth opportunities, and inflation protection, thus appealing to investors seeking higher returns in a diverse field. By focusing on REITs, NURE has carved a niche that can attract those who are more risk-tolerant compared to traditional fixed-income investors targeting stable preferred shares like NPFD.