UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-6548
 
Nuveen Select Tax-Free Income Portfolio
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:             3/31          
 
Date of reporting period:          12/31/11         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 

 
 
Item 1. Schedule of Investments
 
           
   
Portfolio of Investments (Unaudited)  
     
   
Nuveen Select Tax-Free Income Portfolio (NXP)  
     
   
December 31, 2011  
     
           
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Alaska – 1.9%  
     
$ 2,475  
 
Alaska Municipal Bond Bank Authority, General Obligation Bonds, Series 2003E, 5.250%, 12/01/23  
12/13 at 100.00  
A+ (4)  
$ 2,706,883  
   
(Pre-refunded 12/01/13) – NPFG Insured  
     
2,675  
 
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,  
6/14 at 100.00  
B2  
1,845,456  
   
Series 2006A, 5.000%, 6/01/46  
     
5,150  
 
Total Alaska  
   
4,552,339  
   
Arizona – 1.4%  
     
2,500  
 
Arizona Health Facilities Authority, Hospital Revenue Bonds, Catholic Healthcare West, Series  
No Opt. Call  
A  
2,564,750  
   
2011B-1&2, 5.250%, 3/01/39  
     
625  
 
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power  
10/20 at 100.00  
BBB–  
630,400  
   
Company, Series 2010A, 5.250%, 10/01/40  
     
3,125  
 
Total Arizona  
   
3,195,150  
   
Arkansas – 0.5%  
     
5,915  
 
Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer  
No Opt. Call  
Aa2  
1,116,575  
   
Research Center Project, Series 2006, 0.000%, 7/01/46 – AMBAC Insured  
     
   
California – 11.1%  
     
2,000  
 
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series  
10/17 at 100.00  
BBB+  
1,871,860  
   
2004A, 0.000%, 10/01/25 – AMBAC Insured  
     
1,290  
 
Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public  
No Opt. Call  
AA–  
389,735  
   
Improvement Project, Series 1997C, 0.000%, 9/01/30 – AGM Insured  
     
3,325  
 
California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 6.000%,  
5/12 at 101.00  
AA– (4)  
3,421,990  
   
5/01/14 (Pre-refunded 5/01/12)  
     
1,000  
 
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital  
8/19 at 100.00  
Aa2  
1,151,180  
   
Project, Series 2009, 6.750%, 2/01/38  
     
3,790  
 
Coast Community College District, Orange County, California, General Obligation Bonds, Series  
8/16 at 33.79  
Aa1  
891,256  
   
2006C, 0.000%, 8/01/36 – AGM Insured  
     
2,645  
 
Cypress Elementary School District, Orange County, California, General Obligation Bonds,  
No Opt. Call  
AA  
685,875  
   
Series 2009A, 0.000%, 5/01/34 – AGM Insured  
     
1,980  
 
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement  
No Opt. Call  
A2  
781,961  
   
Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/28 – AMBAC Insured  
     
3,000  
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  
6/13 at 100.00  
Aaa  
3,268,830  
   
Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13)  
     
2,350  
 
Golden Valley Unified School District, Madera County, California, General Obligation Bonds,  
8/17 at 56.07  
AA–  
824,686  
   
Election 2006 Series 2007A, 0.000%, 8/01/29 – AGM Insured  
     
3,030  
 
Grossmont Union High School District, San Diego County, California, General Obligation Bonds,  
No Opt. Call  
Aa2  
1,578,660  
   
Series 2006, 0.000%, 8/01/25 – NPFG Insured  
     
365  
 
Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 –  
5/12 at 100.00  
AA–  
369,030  
   
AMBAC Insured  
     
1,000  
 
Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,  
No Opt. Call  
AA–  
530,560  
   
Series 2007, 0.000%, 8/01/23 – NPFG Insured  
     
5,395  
 
Napa Valley Community College District, Napa and Sonoma Counties, California, General  
8/17 at 46.57  
Aa2  
1,665,383  
   
Obligation Bonds, Election 2002 Series 2007C, 0.000%, 8/01/32 – NPFG Insured  
     
590  
 
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,  
11/19 at 100.00  
Baa3  
613,989  
   
6.750%, 11/01/39  
     
4,390  
 
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community  
No Opt. Call  
A+  
1,378,811  
   
Development Project, Series 1999, 0.000%, 8/01/29 – AMBAC Insured  
     
1,700  
 
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of  
No Opt. Call  
A+  
414,324  
   
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured  
     
8,000  
 
Poway Unified School District, San Diego County, California, School Facilities Improvement  
No Opt. Call  
Aa2  
2,268,320  
   
District 2007-1 General Obligation Bonds, Series 2009A, 0.000%, 8/01/33  
     
2,930  
 
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue  
No Opt. Call  
BBB  
923,507  
   
Refunding Bonds, Series 1997A, 0.000%, 1/15/27 – NPFG Insured  
     
1,250  
 
San Jose, California, Airport Revenue Bonds, Series 2004D, 5.000%, 3/01/28 – NPFG Insured  
3/14 at 100.00  
A2  
1,264,900  
2,110  
 
Sierra Sands Unified School District, Kern County, California, General Obligation Bonds,  
No Opt. Call  
Aa3  
797,010  
   
Election of 2006, Series 2006A, 0.000%, 11/01/28 – FGIC Insured  
     
915  
 
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed  
6/15 at 100.00  
BB–  
601,036  
   
Bonds, Series 2005A-1, 5.500%, 6/01/45  
     
1,150  
 
Woodside Elementary School District, San Mateo County, California, General Obligation Bonds,  
No Opt. Call  
AAA  
405,985  
   
Series 2007, 0.000%, 10/01/30 – AMBAC Insured  
     
54,205  
 
Total California  
   
26,098,888  
   
Colorado – 5.8%  
     
1,000  
 
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of  
No Opt. Call  
AA  
1,018,820  
   
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40  
     
   
Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series 2002A:  
     
1,700  
 
5.500%, 3/01/22 (Pre-refunded 3/02/12)  
3/12 at 100.00  
AA (4)  
1,715,351  
690  
 
5.500%, 3/01/22 (Pre-refunded 3/01/12)  
3/12 at 100.00  
Aa2 (4)  
696,231  
3,660  
 
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13  
No Opt. Call  
A+  
3,930,181  
   
(Alternative Minimum Tax)  
     
3,000  
 
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,  
12/13 at 100.00  
N/R (4)  
3,254,670  
   
Senior Lien Series 2003A, 5.000%, 12/01/23 (Pre-refunded 12/01/13) – SYNCORA GTY Insured  
     
500  
 
Denver, Colorado, Airport System Revenue Refunding Bonds, Series 2003B, 5.000%, 11/15/33 –  
11/13 at 100.00  
A+  
506,710  
   
SYNCORA GTY Insured  
     
2,000  
 
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/32 –  
9/20 at 50.83  
BBB  
486,760  
   
NPFG Insured  
     
12,500  
 
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006B, 0.000%, 9/01/38 –  
9/26 at 54.77  
BBB  
1,853,625  
   
NPFG Insured  
     
25,050  
 
Total Colorado  
   
13,462,348  
   
Florida – 3.0%  
     
2,000  
 
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.375%, 6/01/46  
6/16 at 100.00  
A–  
1,977,940  
5,050  
 
Jacksonville Health Facilities Authority, Florida, Revenue Bonds, Ascension Health, Series  
11/12 at 101.00  
AA+  
5,145,041  
   
2002A, 5.250%, 11/15/32  
     
7,050  
 
Total Florida  
   
7,122,981  
   
Georgia – 0.9%  
     
2,000  
 
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional  
12/20 at 100.00  
N/R  
2,067,320  
   
Medical Center Project, Series 2010, 8.125%, 12/01/45  
     
   
Illinois – 14.5%  
     
2,465  
 
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System  
No Opt. Call  
A2  
1,697,448  
   
Revenue Bonds, Series 1999A, 0.000%, 4/01/20 – NPFG Insured  
     
735  
 
Chicago Board of Education, Cook County, Illinois, General Obligation Bonds, Dedicated  
No Opt. Call  
AA–  
760,901  
   
Revenues Series 2011A, 5.000%, 12/01/41  
     
2,600  
 
Chicago Heights, Illinois, General Obligation Corporate Purpose Bonds, Series 1993, 5.650%,  
6/12 at 100.00  
BBB (4)  
2,655,770  
   
12/01/17 (Pre-refunded 6/01/12) – FGIC Insured  
     
195  
 
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,  
11/13 at 100.00  
Aa3  
208,699  
   
Series 2003B, 5.250%, 11/01/20 – AGM Insured  
     
805  
 
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,  
11/13 at 100.00  
Aa3 (4)  
876,476  
   
Series 2003B, 5.250%, 11/01/20 (Pre-refunded 11/01/13) – AGM Insured  
     
600  
 
Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational  
5/12 at 101.00  
Aaa  
617,586  
   
Advancement Foundation Fund, University Center Project, Series 2002, 6.000%, 5/01/22  
     
   
(Pre-refunded 5/01/12)  
     
1,050  
 
Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond  
No Opt. Call  
Aa1  
1,132,089  
   
Trust 1137, 9.274%, 7/01/15 (IF)  
     
4,000  
 
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,  
8/14 at 100.00  
N/R (4)  
4,504,080  
   
5.500%, 8/15/43 (Pre-refunded 8/15/14)  
     
1,000  
 
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series  
8/19 at 100.00  
BBB–  
1,080,090  
   
2009, 6.875%, 8/15/38  
     
2,100  
 
Illinois Finance Authority, Revenue Refunding Bonds, Silver Cross Hospital and Medical  
8/18 at 100.00  
BBB–  
2,044,980  
   
Centers, Series 2008A, 5.500%, 8/15/30  
     
1,320  
 
Illinois Health Facilities Authority, Revenue Bonds, Decatur Memorial Hospital, Series 2001,  
4/12 at 100.00  
A  
1,322,917  
   
5.600%, 10/01/16  
     
2,950  
 
Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A,  
7/12 at 100.00  
AA+  
3,013,101  
   
6.000%, 7/01/17  
     
2,275  
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,  
1/13 at 100.00  
Baa1  
2,339,633  
   
Series 2002, 6.250%, 1/01/17  
     
450  
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Rockford Health System, Series  
2/12 at 100.00  
N/R  
432,356  
   
1997, 5.000%, 8/15/21 – AMBAC Insured  
     
3,125  
 
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion  
No Opt. Call  
A3  
2,668,656  
   
Project, Series 1993A, 0.000%, 6/15/17 – FGIC Insured  
     
   
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion  
     
   
Project, Series 2002A:  
     
1,720  
 
0.000%, 12/15/29 – NPFG Insured  
No Opt. Call  
AAA  
678,781  
810  
 
0.000%, 6/15/30 – NPFG Insured  
No Opt. Call  
AAA  
303,199  
5,000  
 
0.000%, 12/15/36 – NPFG Insured  
No Opt. Call  
AAA  
1,178,500  
5,000  
 
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place  
6/12 at 101.00  
AAA  
5,095,250  
   
Expansion Project, Series 2002B, 5.000%, 6/15/21 – NPFG Insured  
     
1,300  
 
Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 – FGIC Insured  
12/14 at 100.00  
Aaa  
1,405,859  
39,500  
 
Total Illinois  
   
34,016,371  
   
Indiana – 6.2%  
     
1,000  
 
Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage  
7/14 at 100.00  
A+ (4)  
1,113,780  
   
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) – FGIC Insured  
     
1,260  
 
Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus  
No Opt. Call  
AA–  
1,383,984  
   
Regional Hospital, Series 1993, 7.000%, 8/15/15 – AGM Insured  
     
1,000  
 
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest  
3/17 at 100.00  
BBB+  
1,005,940  
   
Indiana, Series 2007, 5.500%, 3/01/37  
     
9,855  
 
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A,  
7/12 at 100.00  
AA+ (4)  
10,095,950  
   
5.125%, 7/01/21 (Pre-refunded 7/01/12) – NPFG Insured  
     
750  
 
West Clark 2000 School Building Corporation, Clark County, Indiana, First Mortgage Bonds,  
1/15 at 100.00  
AA+  
804,375  
   
Series 2005, 5.000%, 7/15/22 – NPFG Insured  
     
13,865  
 
Total Indiana  
   
14,404,029  
   
Iowa – 1.8%  
     
1,000  
 
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,  
6/15 at 100.00  
BBB  
743,920  
   
5.375%, 6/01/38  
     
4,000  
 
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,  
6/17 at 100.00  
BBB  
3,511,760  
   
5.600%, 6/01/34  
     
5,000  
 
Total Iowa  
   
4,255,680  
   
Kansas – 0.5%  
     
500  
 
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,  
7/16 at 100.00  
A2  
501,805  
   
4.875%, 7/01/36  
     
750  
 
Wamego, Kansas, Pollution Control Revenue Bonds, Kansas Gas and Electric Company, Series 2004,  
6/14 at 100.00  
BBB+  
769,200  
   
5.300%, 6/01/31 – NPFG Insured  
     
1,250  
 
Total Kansas  
   
1,271,005  
   
Kentucky – 1.1%  
     
2,500  
 
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare  
8/21 at 100.00  
A1  
2,519,200  
   
System Obligated Group, Series 2011, 5.250%, 8/15/46  
     
   
Louisiana – 1.2%  
     
2,790  
 
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,  
5/12 at 100.00  
A–  
2,791,200  
   
Series 2001B, 5.875%, 5/15/39  
     
   
Massachusetts – 1.1%  
     
500  
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,  
7/18 at 100.00  
A–  
516,950  
   
Series 2008E-1 &2, 5.000%, 7/01/28  
     
20  
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Partners HealthCare  
7/12 at 100.00  
AA  
20,273  
   
System Inc., Series 2001C, 6.000%, 7/01/17  
     
1,915  
 
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40  
12/18 at 100.00  
AA–  
1,986,276  
2,435  
 
Total Massachusetts  
   
2,523,499  
   
Michigan – 2.3%  
     
2,450  
 
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%,  
7/16 at 100.00  
A  
2,454,386  
   
7/01/33 – FGIC Insured  
     
2,655  
 
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health  
12/12 at 100.00  
AA  
2,677,382  
   
Credit Group, Series 2002C, 5.375%, 12/01/30  
     
245  
 
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health  
12/12 at 100.00  
N/R (4)  
256,527  
   
Credit Group, Series 2002C, 5.375%, 12/01/30 (Pre-refunded 12/01/12)  
     
5,350  
 
Total Michigan  
   
5,388,295  
   
Missouri – 1.0%  
     
   
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series  
     
   
2004B-1:  
     
500  
 
0.000%, 4/15/23 – AMBAC Insured  
No Opt. Call  
AA–  
327,045  
5,000  
 
0.000%, 4/15/30 – AMBAC Insured  
No Opt. Call  
AA–  
1,925,650  
5,500  
 
Total Missouri  
   
2,252,695  
   
Nevada – 4.5%  
     
750  
 
Clark County, Nevada, Airport Revenue Bonds, Tender Option Bond Trust Series 11823, 20.357%,  
No Opt. Call  
Aa3  
1,019,670  
   
1/01/18 (IF)  
     
2,500  
 
Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003,  
7/13 at 100.00  
AA– (4)  
2,670,375  
   
5.000%, 7/01/23 (Pre-refunded 7/01/13) – AMBAC Insured  
     
1,000  
 
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran  
1/20 at 100.00  
Aa3  
1,046,860  
   
International Airport, Series 2010A, 5.250%, 7/01/42  
     
1,500  
 
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,  
6/19 at 100.00  
A  
1,742,775  
   
8.000%, 6/15/30  
     
1,515  
 
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 – FGIC Insured  
6/12 at 100.00  
A3  
1,527,635  
2,555  
 
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded  
6/12 at 100.00  
A3 (4)  
2,611,823  
   
6/01/12) – FGIC Insured  
     
9,820  
 
Total Nevada  
   
10,619,138  
   
New Hampshire – 0.2%  
     
325  
 
New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series  
5/12 at 100.00  
Aa3  
339,232  
   
2001A, 5.600%, 7/01/21 (Alternative Minimum Tax)  
     
   
New Jersey – 6.3%  
     
2,500  
 
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,  
7/13 at 100.00  
Ba2  
2,286,400  
   
Series 2003, 5.500%, 7/01/23  
     
35,000  
 
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,  
No Opt. Call  
AA–  
9,594,900  
   
0.000%, 12/15/34 – AGM Insured  
     
1,010  
 
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,  
6/12 at 100.00  
Aaa  
1,033,523  
   
Series 2002, 5.750%, 6/01/32 (Pre-refunded 6/01/12)  
     
2,500  
 
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,  
6/17 at 100.00  
BB–  
1,801,925  
   
Series 2007-1A, 5.000%, 6/01/41  
     
41,010  
 
Total New Jersey  
   
14,716,748  
   
New Mexico – 2.2%  
     
1,000  
 
New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series  
9/17 at 100.00  
N/R  
981,680  
   
2007A, 5.250%, 9/01/42 (Alternative Minimum Tax)  
     
4,000  
 
University of New Mexico, FHA-Insured Mortgage Hospital Revenue Bonds, Series 2004, 4.625%,  
7/14 at 100.00  
AA–  
4,123,880  
   
7/01/25 – AGM Insured  
     
5,000  
 
Total New Mexico  
   
5,105,560  
   
New York – 0.9%  
     
1,000  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Kaleida  
2/14 at 100.00  
AAA  
1,037,570  
   
Health, Series 2004, 5.050%, 2/15/25  
     
500  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series  
No Opt. Call  
A  
518,010  
   
2011A, 5.250%, 2/15/47  
     
530  
 
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air  
12/20 at 100.00  
BBB–  
559,076  
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42  
     
2,030  
 
Total New York  
   
2,114,656  
   
North Carolina – 1.1%  
     
1,000  
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2008C,  
1/19 at 100.00  
A–  
1,224,300  
   
6.750%, 1/01/24  
     
1,420  
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series  
1/12 at 100.00  
A–  
1,423,351  
   
1993B, 5.500%, 1/01/21  
     
2,420  
 
Total North Carolina  
   
2,647,651  
   
Ohio – 0.5%  
     
1,620  
 
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue  
6/17 at 100.00  
BB–  
1,188,724  
   
Bonds, Senior Lien, Series 2007A-2, 6.000%, 6/01/42  
     
   
Oklahoma – 2.1%  
     
1,000  
 
Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005,  
9/16 at 100.00  
BB+  
902,400  
   
5.375%, 9/01/36  
     
4,000  
 
Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004,  
2/14 at 100.00  
A  
4,103,440  
   
5.000%, 2/15/24  
     
5,000  
 
Total Oklahoma  
   
5,005,840  
   
Pennsylvania – 0.9%  
     
500  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,  
7/13 at 100.00  
BBB+  
511,235  
   
Series 2003, 5.250%, 7/15/24  
     
1,000  
 
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue  
12/20 at 100.00  
AA  
856,740  
   
Bonds, Series 2010B, 0.000%, 12/01/30  
     
700  
 
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2004A, 5.500%, 12/01/31 –  
12/14 at 100.00  
Aa3  
753,487  
   
AMBAC Insured  
     
2,200  
 
Total Pennsylvania  
   
2,121,462  
   
Puerto Rico – 2.0%  
     
1,000  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/19 at 100.00  
A+  
1,097,140  
   
2009A, 6.000%, 8/01/42  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:  
     
17,500  
 
0.000%, 8/01/41 – NPFG Insured  
No Opt. Call  
Aa2  
2,928,100  
1,000  
 
0.000%, 8/01/43 – NPFG Insured  
No Opt. Call  
Aa2  
147,460  
7,000  
 
0.000%, 8/01/54 – AMBAC Insured  
No Opt. Call  
Aa2  
491,190  
26,500  
 
Total Puerto Rico  
   
4,663,890  
   
South Carolina – 6.9%  
     
1,250  
 
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,  
12/14 at 100.00  
AA–  
1,374,425  
   
GROWTH, Series 2004, 5.250%, 12/01/20  
     
10,000  
 
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series  
12/12 at 101.00  
AA (4)  
10,617,200  
   
2002, 5.875%, 12/01/19 (Pre-refunded 12/01/12)  
     
1,500  
 
Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and  
11/13 at 100.00  
AA– (4)  
1,654,620  
   
Improvement Bonds, Series 2003, 6.000%, 11/01/18 (Pre-refunded 11/01/13)  
     
520  
 
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon  
11/12 at 100.00  
A3 (4)  
544,482  
   
Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12)  
     
1,980  
 
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon  
11/12 at 100.00  
A–  
1,985,544  
   
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30  
     
15,250  
 
Total South Carolina  
   
16,176,271  
   
Texas – 9.7%  
     
5,000  
 
Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities  
5/12 at 101.00  
BBB  
5,086,450  
   
Revenue Bonds, Dow Chemical Company Project, Series 2002A-6, 6.250%, 5/15/33 (Mandatory  
     
   
put 5/15/17) (Alternative Minimum Tax)  
     
250  
 
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2011,  
1/21 at 100.00  
BBB–  
254,608  
   
6.000%, 1/01/41  
     
500  
 
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue  
1/15 at 100.00  
BBB  
459,345  
   
Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured  
     
360  
 
Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel  
1/12 at 100.00  
AA–  
360,828  
   
Revenue Bonds, Series 2001, 5.500%, 1/15/20 – AGM Insured  
     
2,300  
 
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,  
11/13 at 100.00  
AA  
2,355,890  
   
TECO Project, Series 2003, 5.000%, 11/15/30 – NPFG Insured  
     
2,585  
 
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H,  
No Opt. Call  
BBB  
665,482  
   
0.000%, 11/15/30 – NPFG Insured  
     
3,805  
 
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004-A3,  
11/24 at 52.47  
BBB  
668,234  
   
0.000%, 11/15/35 – NPFG Insured  
     
3,765  
 
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series  
11/30 at 61.17  
BBB  
629,508  
   
2001A, 0.000%, 11/15/38 – NPFG Insured  
     
45  
 
Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds,  
2/12 at 100.00  
AAA  
45,210  
   
Series 2002A, 5.000%, 2/15/31  
     
3,455  
 
Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds,  
2/12 at 100.00  
Aaa  
3,475,868  
   
Series 2002A, 5.000%, 2/15/31 (Pre-refunded 2/15/12)  
     
1,780  
 
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation  
8/16 at 35.23  
AAA  
501,088  
   
Bonds, Series 2007, 0.000%, 8/15/37  
     
2,000  
 
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Capital Appreciation  
1/25 at 100.00  
A2  
1,912,020  
   
Series 2008I, 0.000%, 1/01/43  
     
2,000  
 
Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,  
12/13 at 100.00  
A  
2,027,860  
   
Series 2004, 6.000%, 12/01/34  
     
240  
 
San Antonio, Texas, Water System Revenue Refunding Bonds, Series 1992, 6.000%, 5/15/16  
5/12 at 100.00  
Aa3 (4)  
244,661  
   
(Pre-refunded 5/15/12) – NPFG Insured  
     
1,470  
 
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series  
8/12 at 100.00  
BBB+  
1,476,836  
   
2002A, 5.750%, 8/15/38 – AMBAC Insured  
     
1,750  
 
Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%,  
8/13 at 100.00  
Aaa  
1,766,888  
   
8/01/42 (Alternative Minimum Tax)  
     
830  
 
Wood County Central Hospital District, Texas, Revenue Bonds, East Texas Mecical Center Quitman  
11/21 at 100.00  
Baa2  
835,121  
   
Project, Series 2011, 6.000%, 11/01/41  
     
32,135  
 
Total Texas  
   
22,765,897  
   
Virginia – 1.4%  
     
1,000  
 
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage  
10/17 at 100.00  
N/R  
979,450  
   
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/42  
     
1,000  
 
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue  
No Opt. Call  
BBB  
966,860  
   
Bonds, Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35  
     
2,000  
 
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,  
10/28 at 100.00  
BBB+  
1,402,480  
   
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44  
     
4,000  
 
Total Virginia  
   
3,348,790  
   
Washington – 2.5%  
     
250  
 
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station,  
7/12 at 100.00  
Aa1  
256,238  
   
Series 2002A, 5.500%, 7/01/17 – NPFG Insured  
     
990  
 
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer  
1/21 at 100.00  
A  
1,021,739  
   
Research Center, Series 2011A, 5.625%, 1/01/35  
     
2,000  
 
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,  
6/13 at 100.00  
A3  
2,047,820  
   
Series 2002, 6.500%, 6/01/26  
     
2,115  
 
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003F, 0.000%,  
No Opt. Call  
AA+  
1,130,277  
   
12/01/27 – NPFG Insured  
     
1,330  
 
Snohomish County Public Utility District 1, Washington, Generation System Revenue Bonds,  
No Opt. Call  
AA– (4)  
1,330,239  
   
Series 1989, 6.750%, 1/01/12 (ETM)  
     
6,685  
 
Total Washington  
   
5,786,313  
   
West Virginia – 0.2%  
     
500  
 
West Virginia Hospital Finance Authority, Revenue Bonds, United Hospital Center Inc. Project,  
6/16 at 100.00  
A+  
498,145  
   
Series 2006A, 4.500%, 6/01/26 – AMBAC Insured  
     
   
Wisconsin – 1.6%  
     
470  
 
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed  
6/12 at 100.00  
Aaa  
481,590  
   
Bonds, Series 2002, 6.125%, 6/01/27 (Pre-refunded 6/01/12)  
     
1,000  
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan  
8/13 at 100.00  
BBB+  
1,030,690  
   
Services Inc., Series 2003A, 5.500%, 8/15/17  
     
2,150  
 
Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26  
11/13 at 100.00  
AA  
2,232,238  
3,620  
 
Total Wisconsin  
   
3,744,518  
$    338,800  
 
Total Investments (cost $216,730,831) – 97.3%  
   
227,880,410  
   
Other Assets Less Liabilities – 2.7%  
   
6,344,114  
   
Net Assets – 100%  
   
$ 234,224,524  
 
 
 
 
 

 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
 
Level 1 – Quoted prices in active markets for identical securities.
 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of December 31, 2011:
 
                         
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Investments:  
                       
Municipal Bonds  
  $     $ 227,880,410     $     $ 227,880,410  
 
During the period ended December 31, 2011, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
At December 31, 2011, the cost of investments was $216,066,174.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2011, were as follows:
 
   
Gross unrealized:  
 
   Appreciation  
$14,962,104  
   Depreciation  
(3,147,868)  
Net unrealized appreciation (depreciation) of investments  
$11,814,236  
 
     
(1)  
 
All percentages shown in the Portfolio of Investments are based on net assets.  
(2)  
 
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.  
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities  
   
may be subject to periodic principal paydowns.  
(3)  
 
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,  
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s  
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by  
   
any of these national rating agencies.  
(4)  
 
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,  
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or  
   
agency securities are regarded as having an implied rating equal to the rating of such securities.  
N/R  
 
Not rated.  
(ETM)  
 
Escrowed to maturity.  
(IF)  
 
Inverse floating rate investment.  
 
 
 

 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)   Nuveen Select Tax-Free Income Portfolio 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date          February 29, 2012        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date          February 29, 2012        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date          February 29, 2012        
 

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