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:          12/31/10         
 
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, 2010  
     
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Municipal Bonds – 98.7%  
     
   
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)  
$   2,778,732  
   
(Pre-refunded 12/01/13) – NPFG Insured  
     
2,635  
 
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,  
6/14 at 100.00  
Baa3  
1,606,691  
   
Series 2006A, 5.000%, 6/01/46  
     
5,110  
 
Total Alaska  
   
4,385,423  
   
Arizona – 0.2%  
     
625  
 
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power  
10/20 at 100.00  
BBB–  
548,563  
   
Company, Series 2010A, 5.250%, 10/01/40  
     
   
Arkansas – 0.3%  
     
5,915  
 
Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer  
No Opt. Call  
Aa2  
689,216  
   
Research Center Project, Series 2006, 0.000%, 7/01/46 – AMBAC Insured  
     
   
California – 6.3%  
     
2,000  
 
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series  
10/17 at 100.00  
A–  
1,554,460  
   
2004A, 0.000%, 10/01/25 – AMBAC Insured  
     
3,325  
 
California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 6.000%,  
5/12 at 101.00  
AA– (4)  
3,589,604  
   
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  
1,094,570  
   
Project, Series 2009, 6.750%, 2/01/38  
     
2,645  
 
Cypress Elementary School District, San Bernardino County, California, General Obligation  
No Opt. Call  
AA+  
633,478  
   
Bonds, Series 2009A, 0.000%, 5/01/34 – AGM Insured  
     
3,000  
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  
6/13 at 100.00  
AAA  
3,386,310  
   
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+  
657,836  
   
Election 2006 Series 2007A, 0.000%, 8/01/29 – AGM Insured  
     
1,130  
 
Los Angeles Department of Water and Power, California, Waterworks Revenue Refunding Bonds,  
7/11 at 100.00  
AA  
1,126,542  
   
Series 2001A, 5.125%, 7/01/41 – FGIC Insured  
     
365  
 
Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 –  
5/11 at 100.00  
A+  
364,971  
   
AMBAC Insured  
     
1,000  
 
Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,  
No Opt. Call  
AA–  
442,250  
   
Series 2007, 0.000%, 8/01/23 – NPFG Insured  
     
590  
 
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,  
11/19 at 100.00  
Baa3  
590,702  
   
6.750%, 11/01/39  
     
750  
 
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed  
6/15 at 100.00  
Baa3  
485,985  
   
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  
324,128  
   
Series 2007, 0.000%, 10/01/30 – AMBAC Insured  
     
19,305  
 
Total California  
   
14,250,836  
   
Colorado – 10.1%  
     
1,000  
 
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of  
No Opt. Call  
AA  
936,170  
   
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)  
1,788,383  
690  
 
5.500%, 3/01/22 (Pre-refunded 3/01/12)  
3/12 at 100.00  
Aa2 (4)  
728,198  
5,295  
 
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13  
No Opt. Call  
A+  
5,775,044  
   
(Alternative Minimum Tax)  
     
5,000  
 
Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2001A,  
11/11 at 100.00  
A+  
5,164,800  
   
5.625%, 11/15/17 – FGIC Insured (Alternative Minimum Tax)  
     
3,000  
 
Denver Convention Center Hotel Authority, Colorado, Senior Revenue Bonds, Convention Center  
12/13 at 100.00  
N/R (4)  
3,304,680  
   
Hotel, 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+  
463,975  
   
SYNCORA GTY Insured  
     
12,500  
 
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006B, 0.000%, 9/01/38 –  
9/26 at 54.77  
Baa1  
1,471,625  
   
NPFG Insured  
     
3,160  
 
Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001A,  
6/11 at 102.00  
N/R (4)  
3,287,917  
   
5.500%, 6/15/20 (Pre-refunded 6/15/11) – AMBAC Insured  
     
32,845  
 
Total Colorado  
   
22,920,792  
   
Florida – 7.5%  
     
2,000  
 
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.375%, 6/01/46  
6/16 at 100.00  
A–  
1,782,320  
5,000  
 
Jacksonville Health Facilities Authority, Florida, Revenue Bonds, Ascension Health, Series  
11/12 at 101.00  
Aa1  
5,016,850  
   
2002A, 5.250%, 11/15/32  
     
10,000  
 
JEA St. John’s River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series  
10/11 at 100.00  
Aa2  
10,283,099  
   
2002-17, 5.000%, 10/01/17  
     
17,000  
 
Total Florida  
   
17,082,269  
   
Georgia – 0.9%  
     
2,000  
 
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional  
12/20 at 100.00  
N/R  
2,011,660  
   
Medical Center Project, Series 2010, 8.125%, 12/01/45  
     
   
Illinois – 14.9%  
     
1,965  
 
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System  
No Opt. Call  
A2  
1,226,042  
   
Revenue Bonds, Series 1999A, 0.000%, 4/01/20 – NPFG Insured  
     
2,600  
 
Chicago Heights, Illinois, General Obligation Corporate Purpose Bonds, Series 1993, 5.650%,  
6/11 at 100.00  
BBB  
2,651,792  
   
12/01/17 – FGIC Insured  
     
195  
 
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,  
11/13 at 100.00  
Aa3  
210,579  
   
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)  
899,636  
   
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  
648,672  
   
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  
950,985  
   
Trust 1137, 8.922%, 7/01/15 (IF)  
     
4,000  
 
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,  
8/14 at 100.00  
N/R (4)  
4,570,320  
   
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  
1,048,540  
   
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  
1,923,159  
   
Centers, Series 2008A, 5.500%, 8/15/30  
     
1,320  
 
Illinois Health Facilities Authority, Revenue Bonds, Decatur Memorial Hospital, Series 2001,  
10/11 at 100.00  
A
1,336,051  
   
5.600%, 10/01/16  
     
2,950  
 
Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A,  
7/12 at 100.00  
AA+  
3,074,903  
   
6.000%, 7/01/17  
     
2,275  
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,  
1/13 at 100.00  
Baa1  
2,333,718  
   
Series 2002, 6.250%, 1/01/17  
     
350  
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Rockford Health System, Series  
3/11 at 100.00  
N/R  
309,407  
   
1997, 5.000%, 8/15/21 – AMBAC Insured  
     
3,125  
 
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion  
No Opt. Call  
A2  
2,384,594  
   
Project, Series 1993A, 0.000%, 6/15/17 – FGIC Insured  
     
   
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion  
     
   
Project, Series 2002A:  
     
1,500  
 
0.000%, 12/15/29 – NPFG Insured  
No Opt. Call  
AAA  
456,960  
810  
 
0.000%, 6/15/30 – NPFG Insured  
No Opt. Call  
AAA  
235,556  
5,000  
 
0.000%, 12/15/36 – NPFG Insured  
No Opt. Call  
AAA  
913,000  
5,000  
 
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place  
6/12 at 101.00  
AAA  
5,131,700  
   
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  
1,310,452  
   
Yorkville, Illinois, General Obligation Debt Certificates, Series 2003:  
     
1,000  
 
5.000%, 12/15/19 (Pre-refunded 12/15/11) – RAAI Insured  
12/11 at 100.00  
N/R (4)  
1,044,600  
1,000  
 
5.000%, 12/15/20 (Pre-refunded 12/15/11) – RAAI Insured  
12/11 at 100.00  
N/R (4)  
1,044,600  
39,945  
 
Total Illinois  
   
33,705,266  
   
Indiana – 6.6%  
     
1,000  
 
Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage  
7/14 at 100.00  
A (4)  
1,129,380  
   
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) – FGIC Insured  
     
1,525  
 
Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus  
No Opt. Call  
AA+  
1,712,880  
   
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+  
892,120  
   
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  
AAA  
10,502,275  
   
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+  
767,948  
   
Series 2005, 5.000%, 7/15/22 – NPFG Insured  
     
14,130  
 
Total Indiana  
   
15,004,603  
   
Iowa – 1.8%  
     
1,000  
 
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,  
6/15 at 100.00  
BBB  
731,580  
   
5.375%, 6/01/38  
     
4,000  
 
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,  
6/17 at 100.00  
BBB  
3,288,240  
   
5.600%, 6/01/34  
     
5,000  
 
Total Iowa  
   
4,019,820  
   
Kansas – 0.5%  
     
500  
 
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,  
7/16 at 100.00  
A2  
442,450  
   
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+  
739,658  
   
5.300%, 6/01/31 – NPFG Insured  
     
1,250  
 
Total Kansas  
   
1,182,108  
   
Kentucky – 0.5%  
     
1,100  
 
Jefferson County, Kentucky, Health System Revenue Bonds, Alliant Health System Inc., Series  
4/11 at 100.00  
BBB (4)  
1,103,432  
   
1998, 5.125%, 10/01/18 – NPFG Insured (ETM)  
     
   
Louisiana – 1.2%  
     
2,735  
 
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,  
5/11 at 101.00  
A–  
2,623,795  
   
Series 2001B, 5.875%, 5/15/39  
     
   
Massachusetts – 1.3%  
     
500  
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,  
7/18 at 100.00  
A3  
473,210  
   
Series 2008E-1, 5.000%, 7/01/28  
     
20  
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Partners HealthCare  
7/11 at 101.00  
AA  
20,597  
   
System Inc., Series 2001C, 6.000%, 7/01/17  
     
480  
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Partners HealthCare  
7/11 at 101.00  
AAA  
498,389  
   
System Inc., Series 2001C, 6.000%, 7/01/17 (Pre-refunded 7/01/11)  
     
1,955  
 
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40  
12/18 at 100.00  
AA–  
1,890,016  
2,955  
 
Total Massachusetts  
   
2,882,212  
   
Michigan – 1.7%  
     
1,000  
 
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Detroit Medical Center  
1/11 at 100.00  
BB– (4)  
970,790  
   
Obligated Group, Series 1998A, 5.125%, 8/15/18 (Pre-refunded 1/31/11)  
     
2,900  
 
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health  
12/12 at 100.00  
AA  
2,822,106  
   
Credit Group, Series 2002C, 5.375%, 12/01/30  
     
3,900  
 
Total Michigan  
   
3,792,896  
   
Missouri – 0.8%  
     
   
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,  
     
   
Series 2004B-1:  
     
500  
 
0.000%, 4/15/23 – AMBAC Insured  
No Opt. Call  
AA+  
276,905  
5,000  
 
0.000%, 4/15/30 – AMBAC Insured  
No Opt. Call  
AA–  
1,548,500  
5,500  
 
Total Missouri  
   
1,825,405  
   
Nevada – 5.0%  
     
2,500  
 
Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003,  
7/13 at 100.00  
AA–  
2,522,600  
   
5.000%, 7/01/23 – AMBAC Insured  
     
1,000  
 
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran  
1/20 at 100.00  
Aa3  
945,650  
   
International Airport, Series 2010A, 5.250%, 7/01/42  
     
   
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas  
     
   
Monorail Project, First Tier, Series 2000:  
     
2,360  
 
0.000%, 1/01/21 – AMBAC Insured  
No Opt. Call  
D
259,907  
4,070  
 
0.000%, 1/01/22 – AMBAC Insured  
No Opt. Call  
D
421,896  
6,025  
 
5.375%, 1/01/40 – AMBAC Insured (5)  
1/11 at 100.00  
D
1,147,461  
1,500  
 
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,  
6/19 at 100.00  
A
1,667,205  
   
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  
A
1,524,923  
2,555  
 
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded  
6/12 at 100.00  
A3 (4)  
2,727,871  
   
6/01/12) – FGIC Insured  
     
21,525  
 
Total Nevada  
   
11,217,513  
   
New Hampshire – 0.2%  
     
335  
 
New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series  
5/11 at 100.00  
Aa2  
341,874  
   
2001A, 5.600%, 7/01/21 (Alternative Minimum Tax)  
     
   
New Jersey – 2.6%  
     
2,500  
 
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,  
7/13 at 100.00  
Ba2  
2,200,450  
   
Series 2003, 5.500%, 7/01/23  
     
   
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,  
     
   
Series 2002:  
     
1,175  
 
5.750%, 6/01/32 (Pre-refunded 6/01/12)  
6/12 at 100.00  
AAA  
1,238,004  
1,000  
 
6.000%, 6/01/37 (Pre-refunded 6/01/12)  
6/12 at 100.00  
AAA  
1,073,950  
2,500  
 
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,  
6/17 at 100.00  
Baa3  
1,485,200  
   
Series 2007-1A, 5.000%, 6/01/41  
     
7,175  
 
Total New Jersey  
   
5,997,604  
   
New Mexico – 2.1%  
     
1,000  
 
New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series  
9/17 at 100.00  
N/R  
815,900  
   
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+  
4,003,840  
   
7/01/25 – AGM Insured  
     
5,000  
 
Total New Mexico  
   
4,819,740  
   
New York – 0.7%  
     
1,000  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Kaleida  
2/14 at 100.00  
AAA  
1,005,390  
   
Health, Series 2004, 5.050%, 2/15/25  
     
530  
 
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air  
12/20 at 100.00  
BBB–  
526,391  
   
Terminal LLC Project, Eigth Series 2010, 6.000%, 12/01/42  
     
1,530  
 
Total New York  
   
1,531,781  
   
North Carolina – 1.4%  
     
1,000  
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2008C,  
1/19 at 100.00  
A–  
1,134,680  
   
6.750%, 1/01/24  
     
1,420  
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series  
1/11 at 100.00  
A–  
1,421,164  
   
1993B, 5.500%, 1/01/21  
     
500  
 
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Series 2001A, 5.250%,  
5/11 at 101.00  
Aa3 (4)  
513,190  
   
11/01/17 (Pre-refunded 5/01/11) – FGIC Insured  
     
2,920  
 
Total North Carolina  
   
3,069,034  
   
Ohio – 0.5%  
     
1,545  
 
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue  
6/17 at 100.00  
Baa3  
1,055,281  
   
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+  
787,680  
   
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
4,013,520  
   
5.000%, 2/15/24  
     
5,000  
 
Total Oklahoma  
   
4,801,200  
   
Pennsylvania – 0.8%  
     
500  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,  
7/13 at 100.00  
BBB+  
502,345  
   
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  
698,070  
   
Bonds, Series 2010B-2, 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  
707,322  
   
AMBAC Insured  
     
2,200  
 
Total Pennsylvania  
   
1,907,737  
   
Puerto Rico – 0.6%  
     
1,000  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/19 at 100.00  
A+  
1,022,130  
   
2009A, 6.000%, 8/01/42  
     
7,000  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,  
No Opt. Call  
Aa2  
364,910  
   
8/01/54 – AMBAC Insured  
     
8,000  
 
Total Puerto Rico  
   
1,387,040  
   
South Carolina – 7.6%  
     
1,250  
 
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,  
12/14 at 100.00  
AA–  
1,310,050  
   
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)  
11,045,099  
   
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  
A+ (4)  
1,705,410  
   
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)  
566,171  
   
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–  
1,976,337  
   
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30  
     
685  
 
Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement  
5/11 at 101.00  
BBB (4)  
700,830  
   
Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/11)  
     
15,935  
 
Total South Carolina  
   
17,303,897  
   
Texas – 8.6%  
     
5,000  
 
Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities  
5/12 at 101.00  
BBB–  
5,000,000  
   
Revenue Bonds, Dow Chemical Company Project, Series 2002A-6, 6.250%, 5/15/33  
     
   
(Mandatory put 5/15/17) (Alternative Minimum Tax)  
     
1,000  
 
Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Series 2001, 5.000%,  
12/11 at 100.00  
AA+ (4)  
1,041,020  
   
12/01/31 (Pre-refunded 12/01/11) – AMBAC Insured  
     
360  
 
Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel  
1/11 at 100.00  
AA+  
360,508  
   
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  
2,248,871  
   
TECO Project, Series 2003, 5.000%, 11/15/30 – NPFG Insured  
     
1,750  
 
Harris County-Houston Sports Authority, Texas, Junior Lien Revenue Bonds, Series 2001H,  
No Opt. Call  
Baa1  
366,065  
   
0.000%, 11/15/30 – NPFG Insured  
     
3,470  
 
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series  
11/30 at 61.17  
Baa1  
438,608  
   
2001A, 0.000%, 11/15/38 – NPFG Insured  
     
3,805  
 
Harris County-Houston Sports Authority, Texas, Third Lien Revenue Bonds, Series 2004A–3,  
11/24 at 52.47  
Baa1  
509,451  
   
0.000%, 11/15/35 – NPFG Insured  
     
45  
 
Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds,  
2/12 at 100.00  
AAA  
45,104  
   
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  
3,626,955  
   
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  
382,504  
   
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  
1,495,000  
   
Series 2008I, 0.000%, 1/01/43  
     
2,000  
 
Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,  
12/13 at 100.00  
Baa2  
1,805,580  
   
Series 2004, 6.000%, 12/01/34  
     
465  
 
San Antonio, Texas, Water System Revenue Refunding Bonds, Series 1992, 6.000%, 5/15/16  
5/12 at 100.00  
Aa3 (4)  
484,856  
   
(Pre-refunded 5/15/12) – NPFG Insured  
     
1,750  
 
Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%,  
8/13 at 100.00  
Aaa  
1,628,638  
   
8/01/42 (Alternative Minimum Tax)  
     
29,180  
 
Total Texas  
   
19,433,160  
   
Utah – 0.4%  
     
775  
 
Utah State Building Ownership Authority, Lease Revenue Bonds, State Facilities Master Lease  
11/11 at 100.00  
AA+ (4)  
807,550  
   
Program, Series 2001B, 5.250%, 5/15/24 (Pre-refunded 11/15/11)  
     
   
Virginia – 1.1%  
     
1,500  
 
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage  
10/17 at 100.00  
N/R  
1,288,245  
   
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/42  
     
2,000  
 
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,  
10/28 at 100.00  
BBB+  
1,136,780  
   
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44  
     
3,500  
 
Total Virginia  
   
2,425,025  
   
Washington – 6.4%  
     
250  
 
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station,  
7/12 at 100.00  
Aaa  
264,568  
   
Series 2002A, 5.500%, 7/01/17 – NPFG Insured  
     
1,330  
 
Snohomish County Public Utility District 1, Washington, Generation System Revenue Bonds,  
No Opt. Call  
Aaa  
1,369,501  
   
Series 1989, 6.750%, 1/01/12 (ETM)  
     
9,750  
 
Washington State Health Care Facilities Authority, Revenue Bonds, Sisters of Providence Health  
10/11 at 100.00  
AA  
9,987,607  
   
System, Series 2001A, 5.125%, 10/01/17 – NPFG Insured  
     
2,025  
 
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,  
6/13 at 100.00  
BBB  
2,049,908  
   
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+  
900,757  
   
12/01/27 – NPFG Insured  
     
15,470  
 
Total Washington  
   
14,572,341  
   
West Virginia – 0.2%  
     
500  
 
West Virginia Hospital Finance Authority, Revenue Bonds, United Hospital Center Inc. Project,  
6/16 at 100.00  
A+  
464,680  
   
Series 2006A, 4.500%, 6/01/26 – AMBAC Insured  
     
   
Wisconsin – 1.9%  
     
640  
 
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed  
6/12 at 100.00  
AAA  
675,418  
   
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+  
1,027,160  
   
Services Inc., Series 2003A, 5.500%, 8/15/17  
     
2,500  
 
Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26  
11/13 at 100.00  
AA  
2,549,750  
4,140  
 
Total Wisconsin  
   
4,252,328  
$ 284,045  
 
Total Municipal Bonds (cost $226,995,649)  
   
223,416,081  
           
Shares  
 
Description  
   
Value  
   
Common Stocks – 0.0%  
     
   
Airlines – 0.0%  
     
122  
 
UAL Corporation, (6)  
   
$           2,906  
   
Total Common Stocks (cost $0)  
   
2,906  
   
Total Investments (cost $226,995,649) – 98.7%  
   
223,418,987  
   
Other Assets Less Liabilities – 1.3%  
   
3,014,912  
   
Net Assets – 100%  
   
$ 226,433,899  
 
 
 

 

 
Fair Value Measurements
 
In determining the fair value of the Fund's investments, various inputs are used. These inputs are 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, 2010:
 
         
 
Level 1  
Level 2  
Level 3  
Total  
Investments:  
       
Municipal Bonds  
$     —  
$223,416,081  
$ —  
$223,416,081  
Common Stocks  
2,906  
— 
— 
2,906  
Total  
$2,906  
$223,416,081  
$ —  
$223,418,987  
 
During the period ended December 31, 2010, the Fund recognized no significant transfers to/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, 2010, the cost of investments was $226,510,721.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2010, were as follows:
 
   
Gross unrealized:  
 
  Appreciation  
$ 11,593,126  
  Depreciation  
(14,684,860)
Net unrealized appreciation (depreciation) of investments  
$ (3,091,734)
 
     
(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 Investor 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. Such investments are normally considered to  
   
be equivalent to AAA rated securities.  
(5)  
 
The Fund’s Adviser has concluded this issue is not likely to meet its future interest payment obligations  
   
and has directed the Fund's custodian to cease accruing additional income on the Fund's records.  
(6)  
 
On December 9, 2002, UAL Corporation (“UAL”), the holding company of United Air Lines, Inc. (“United”)  
   
filed for federal bankruptcy protection. The Adviser determined that it was likely that United would not  
   
remain current on their interest payment obligations with respect to the bonds previously held and thus  
   
the Fund had stopped accruing interest on its UAL bonds. On February 1, 2006, UAL emerged from federal  
   
bankruptcy with the acceptance of its reorganization plan by the bankruptcy court. Under the settlement  
   
agreement established to meet UAL’s unsecured bond obligations, the bondholders, including the Fund,  
   
received three distributions of UAL common stock over the subsequent months, and the bankruptcy court  
   
dismissed all unsecured claims of bondholders, including those of the Fund. On May 5, 2006, the Fund  
   
liquidated such UAL common stock holdings. On September 29, 2006 and May 30, 2007, the Fund received  
   
additional distributions of 1,901 and 617 shares, respectively, of UAL common stock as a result of its  
   
earlier ownership of the UAL bonds. The Fund liquidated the 1,901 shares of such UAL common stock  
   
holdings on November 15, 2006. The Fund received an additional distribution of 172 UAL common stock  
   
shares on November 14, 2007. The remaining 789 shares of UAL common stock were liquidated by the  
   
Fund on March 30, 2010. The Fund received an additional distribution of 122 UAL common stock shares on  
   
July 20, 2010, which are still held by the Fund as of December 31, 2010.  
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          March 1, 2011        
 
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          March 1, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date          March 1, 2011        
 

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