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: 6/30/08
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) | ||||||||
June 30, 2008 | ||||||||
Principal | Optional Call | |||||||
Amount (000) | Description (1) | Provisions (2) | Ratings (3) | Value | ||||
| ||||||||
Municipal Bonds 98.1% | ||||||||
Alaska 2.0% | ||||||||
$ 2,475 | Alaska Municipal Bond Bank Authority, General Obligation Bonds, Series 2003E, 5.250%, 12/01/23 | 12/13 at 100.00 | AA (4) | $ | 2,697,008 | |||
(Pre-refunded 12/01/13) MBIA Insured | ||||||||
2,500 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, | 6/14 at 100.00 | Baa3 | 1,866,650 | ||||
Series 2006A, 5.000%, 6/01/46 | ||||||||
| ||||||||
4,975 | Total Alaska | 4,563,658 | ||||||
| ||||||||
Arkansas 0.3% | ||||||||
5,915 | Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer | No Opt. Call | Aa3 | 702,939 | ||||
Research Center Project, Series 2006, 0.000%, 7/01/46 AMBAC Insured | ||||||||
| ||||||||
California 5.0% | ||||||||
2,000 | Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series | 10/17 at 100.00 | AA | 1,657,860 | ||||
2004A, 0.000%, 10/01/25 AMBAC Insured | ||||||||
3,325 | California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, | 5/12 at 101.00 | Aa3 | 3,633,593 | ||||
6.000%, 5/01/14 | ||||||||
3,000 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed | 6/13 at 100.00 | AAA | 3,401,190 | ||||
Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13) | ||||||||
1,130 | Los Angeles Department of Water and Power, California, Waterworks Revenue Refunding Bonds, | 7/11 at 100.00 | AA | 1,132,644 | ||||
Series 2001A, 5.125%, 7/01/41 FGIC Insured | ||||||||
365 | Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 | 5/09 at 101.00 | AA | 367,066 | ||||
AMBAC Insured | ||||||||
1,000 | Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds, | No Opt. Call | AA | 458,520 | ||||
Series 2007, 0.000%, 8/01/23 MBIA Insured | ||||||||
750 | Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed | 6/15 at 100.00 | BBB | 612,743 | ||||
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 | AA+ | 343,908 | ||||
Series 2007, 0.000%, 10/01/30 AMBAC Insured | ||||||||
| ||||||||
12,720 | Total California | 11,607,524 | ||||||
| ||||||||
Colorado 11.5% | ||||||||
1,700 | Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series | 3/12 at 100.00 | AA (4) | 1,792,650 | ||||
2002A, 5.500%, 3/01/22 (ETM) | ||||||||
690 | Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series | 3/12 at 100.00 | AA (4) | 742,571 | ||||
2002A, 5.500%, 3/01/22 (Pre-refunded 3/01/12) | ||||||||
390 | Colorado Water Resources and Power Development Authority, Small Water Resources Revenue Bonds, | 11/10 at 100.00 | N/R | 397,371 | ||||
Series 2000A, 5.800%, 11/01/20 FGIC Insured | ||||||||
9,535 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13 | No Opt. Call | A+ | 10,497,082 | ||||
(Alternative Minimum Tax) | ||||||||
5,000 | Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2001A, | 11/11 at 100.00 | A+ | 5,047,150 | ||||
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) | 3,186,510 | ||||
Hotel, Series 2003A, 5.000%, 12/01/23 (Pre-refunded 12/01/13) XLCA Insured | ||||||||
5,000 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/28 | 9/10 at 31.42 | Aaa | 1,470,250 | ||||
(Pre-refunded 9/01/10) MBIA Insured | ||||||||
3,160 | Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001A, | 6/11 at 102.00 | AA (4) | 3,396,842 | ||||
5.500%, 6/15/20 (Pre-refunded 6/15/11) AMBAC Insured | ||||||||
| ||||||||
28,475 | Total Colorado | 26,530,426 | ||||||
| ||||||||
District of Columbia 0.6% | ||||||||
1,000 | District of Columbia, Hospital Revenue Refunding Bonds, Medlantic Healthcare Group, Series | 8/08 at 100.00 | AA (4) | 1,003,960 | ||||
1996A, 5.750%, 8/15/16 MBIA Insured (ETM) | ||||||||
60 | District of Columbia, Revenue Bonds, Catholic University of America, Series 1999, 5.625%, | 10/09 at 101.00 | AAA | 61,598 | ||||
10/01/29 AMBAC Insured | ||||||||
205 | District of Columbia, Revenue Bonds, Catholic University of America, Series 1999, 5.625%, | 10/09 at 101.00 | Aa3 (4) | 215,498 | ||||
10/01/29 (Pre-refunded 10/01/09) AMBAC Insured | ||||||||
| ||||||||
1,265 | Total District of Columbia | 1,281,056 | ||||||
| ||||||||
Florida 4.4% | ||||||||
10,000 | JEA St. Johns River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series | 10/11 at 100.00 | Aa2 | 10,338,600 | ||||
2002-17, 5.000%, 10/01/17 | ||||||||
| ||||||||
Hawaii 0.6% | ||||||||
1,330 | Hawaii, Certificates of Participation, Kapolei State Office Building, Series 1998A, 5.000%, | 11/08 at 101.00 | AA | 1,352,224 | ||||
5/01/17 AMBAC Insured | ||||||||
| ||||||||
Illinois 13.8% | ||||||||
1,965 | Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System | No Opt. Call | AA | 1,104,802 | ||||
Revenue Bonds, Series 1999A, 0.000%, 4/01/20 MBIA Insured | ||||||||
Chicago Heights, Illinois, General Obligation Corporate Purpose Bonds, Series 1993: | ||||||||
3,820 | 5.650%, 12/01/15 FGIC Insured | 12/08 at 100.00 | N/R | 3,865,420 | ||||
2,600 | 5.650%, 12/01/17 FGIC Insured | 12/08 at 100.00 | N/R | 2,630,914 | ||||
195 | DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds, | 11/13 at 100.00 | Aaa | 205,362 | ||||
Series 2003B, 5.250%, 11/01/20 FSA Insured | ||||||||
805 | DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds, | 11/13 at 100.00 | Aaa | 876,339 | ||||
Series 2003B, 5.250%, 11/01/20 (Pre-refunded 11/01/13) FSA Insured | ||||||||
600 | Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational | 5/12 at 101.00 | Aaa | 661,542 | ||||
Advancement Foundation Fund, University Center Project, Series 2002, 6.000%, 5/01/22 | ||||||||
(Pre-refunded 5/01/12) | ||||||||
525 | Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond | 7/17 at 100.00 | AA | 521,693 | ||||
Trust 1137, 14.084%, 7/01/46 (IF) | ||||||||
4,000 | Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A, | 8/14 at 100.00 | AA+ (4) | 4,425,360 | ||||
5.500%, 8/15/43 (Pre-refunded 8/15/14) | ||||||||
1,320 | Illinois Health Facilities Authority, Revenue Bonds, Decatur Memorial Hospital, Series 2001, | 10/11 at 100.00 | A | 1,358,557 | ||||
5.600%, 10/01/16 | ||||||||
2,700 | Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A, | 7/12 at 100.00 | A | 2,824,227 | ||||
6.000%, 7/01/17 | ||||||||
2,275 | Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare, | 1/13 at 100.00 | Baa1 | 2,371,642 | ||||
Series 2002, 6.250%, 1/01/17 | ||||||||
60 | Illinois Health Facilities Authority, Revenue Refunding Bonds, Evangelical Hospitals | No Opt. Call | N/R (4) | 61,826 | ||||
Corporation, Series 1992B, 6.500%, 4/15/09 (ETM) | ||||||||
3,125 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion | No Opt. Call | A1 | 2,083,281 | ||||
Project, Series 1992A, 0.000%, 6/15/17 FGIC Insured | ||||||||
810 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion | No Opt. Call | AAA | 255,725 | ||||
Project, Series 2002A, 0.000%, 6/15/30 MBIA Insured | ||||||||
5,000 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place | 6/12 at 101.00 | AAA | 5,138,950 | ||||
Expansion Project, Series 2002B, 5.000%, 6/15/21 MBIA Insured | ||||||||
1,300 | Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 FGIC Insured | 12/14 at 100.00 | AA+ | 1,324,037 | ||||
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 | A (4) | 1,061,300 | ||||
1,000 | 5.000%, 12/15/20 (Pre-refunded 12/15/11) RAAI Insured | 12/11 at 100.00 | A (4) | 1,061,300 | ||||
| ||||||||
33,100 | Total Illinois | 31,832,277 | ||||||
| ||||||||
Indiana 8.9% | ||||||||
5,000 | Duneland School Building Corporation, Indiana, First Mortgage Refunding Bonds, Series 1999, | 2/09 at 101.00 | AA | 5,090,750 | ||||
5.125%, 2/01/18 MBIA Insured | ||||||||
1,000 | Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage | 7/14 at 100.00 | A (4) | 1,080,640 | ||||
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) FGIC Insured | ||||||||
2,000 | Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus | No Opt. Call | AAA | 2,258,480 | ||||
Regional Hospital, Series 1993, 7.000%, 8/15/15 FSA Insured | ||||||||
1,000 | Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest | 3/17 at 100.00 | BBB | 887,150 | ||||
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) | 10,537,557 | ||||
5.125%, 7/01/21 (Pre-refunded 7/01/12) MBIA Insured | ||||||||
750 | West Clark 2000 School Building Corporation, Clark County, Indiana, First Mortgage Bonds, | 1/15 at 100.00 | AA | 771,885 | ||||
Series 2005, 5.000%, 7/15/22 MBIA Insured | ||||||||
| ||||||||
19,605 | Total Indiana | 20,626,462 | ||||||
| ||||||||
Iowa 0.4% | ||||||||
1,000 | Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, | 6/15 at 100.00 | BBB | 812,240 | ||||
5.375%, 6/01/38 | ||||||||
| ||||||||
Kansas 0.5% | ||||||||
500 | Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2006, | 7/16 at 100.00 | A3 | 461,305 | ||||
4.875%, 7/01/36 | ||||||||
750 | Wamego, Kansas, Pollution Control Revenue Bonds, Kansas Gas and Electric Company, Series 2004, | 6/14 at 100.00 | AA | 744,068 | ||||
5.300%, 6/01/31 MBIA Insured | ||||||||
| ||||||||
1,250 | Total Kansas | 1,205,373 | ||||||
| ||||||||
Kentucky 0.5% | ||||||||
1,100 | Jefferson County, Kentucky, Health System Revenue Bonds, Alliant Health System Inc., Series | 10/08 at 101.00 | AA (4) | 1,115,158 | ||||
1998, 5.125%, 10/01/18 MBIA Insured (ETM) | ||||||||
| ||||||||
Louisiana 0.4% | ||||||||
1,000 | Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, | 5/11 at 101.00 | BBB | 930,880 | ||||
Series 2001B, 5.875%, 5/15/39 | ||||||||
| ||||||||
Massachusetts 1.0% | ||||||||
500 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc., | 7/18 at 100.00 | A3 | 479,260 | ||||
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 | 21,552 | ||||
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 | 524,650 | ||||
System Inc., Series 2001C, 6.000%, 7/01/17 (Pre-refunded 7/01/11) | ||||||||
1,055 | Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior Series | 7/08 at 101.00 | AA | 1,037,677 | ||||
1997A, 5.000%, 1/01/37 MBIA Insured | ||||||||
410 | Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Subordinate | 1/09 at 101.00 | AA | 398,746 | ||||
Series 1999A, 5.000%, 1/01/39 AMBAC Insured | ||||||||
| ||||||||
2,465 | Total Massachusetts | 2,461,885 | ||||||
| ||||||||
Michigan 1.7% | ||||||||
1,000 | Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Detroit Medical Center | 8/08 at 101.00 | BB | 931,940 | ||||
Obligated Group, Series 1998A, 5.125%, 8/15/18 | ||||||||
2,900 | Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health | 12/12 at 100.00 | AA | 2,939,092 | ||||
Credit Group, Series 2002C, 5.375%, 12/01/30 | ||||||||
| ||||||||
3,900 | Total Michigan | 3,871,032 | ||||||
| ||||||||
Minnesota 0.1% | ||||||||
240 | Minnesota Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 1995A, | 7/08 at 101.00 | AA+ | 242,450 | ||||
5.200%, 1/01/17 | ||||||||
| ||||||||
Mississippi 1.6% | ||||||||
3,600 | Calhoun County, Mississippi, Solid Waste Disposal Revenue Bonds, Weyerhauser Company Project, | 10/08 at 102.00 | BBB | 3,660,480 | ||||
Series 1992, 6.875%, 4/01/16 (Alternative Minimum Tax) | ||||||||
| ||||||||
Missouri 0.7% | ||||||||
5,000 | Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series | No Opt. Call | AA | 1,549,100 | ||||
2004B-1, 0.000%, 4/15/30 AMBAC Insured | ||||||||
| ||||||||
Nevada 5.7% | ||||||||
2,500 | Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003, | 7/13 at 100.00 | AA | 2,556,550 | ||||
5.000%, 7/01/23 AMBAC Insured | ||||||||
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 | AA | 877,141 | ||||
4,070 | 0.000%, 1/01/22 AMBAC Insured | No Opt. Call | AA | 1,397,557 | ||||
6,025 | 5.375%, 1/01/40 AMBAC Insured | 1/10 at 100.00 | AA | 4,082,540 | ||||
1,515 | Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 FGIC Insured | 6/12 at 100.00 | Baa1 | 1,531,286 | ||||
2,555 | Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded | 6/12 at 100.00 | Baa1 (4) | 2,755,312 | ||||
6/01/12) FGIC Insured | ||||||||
| ||||||||
19,025 | Total Nevada | 13,200,386 | ||||||
| ||||||||
New Hampshire 0.1% | ||||||||
380 | New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series | 5/11 at 100.00 | Aa2 | 387,805 | ||||
2001A, 5.600%, 7/01/21 (Alternative Minimum Tax) | ||||||||
| ||||||||
New Jersey 2.9% | ||||||||
2,500 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center, | 7/13 at 100.00 | Ba2 | 2,235,150 | ||||
Series 2003, 5.500%, 7/01/23 | ||||||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, | ||||||||
Series 2002: | ||||||||
1,460 | 5.750%, 6/01/32 (Pre-refunded 6/01/12) | 6/12 at 100.00 | AAA | 1,554,462 | ||||
1,000 | 6.000%, 6/01/37 (Pre-refunded 6/01/12) | 6/12 at 100.00 | AAA | 1,096,930 | ||||
2,500 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, | 6/17 at 100.00 | BBB | 1,893,000 | ||||
Series 2007-1A, 5.000%, 6/01/41 | ||||||||
| ||||||||
7,460 | Total New Jersey | 6,779,542 | ||||||
| ||||||||
New Mexico 2.1% | ||||||||
1,000 | New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series | 9/17 at 100.00 | AAA | 936,810 | ||||
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 | AAA | 3,937,520 | ||||
7/01/25 FSA Insured | ||||||||
| ||||||||
5,000 | Total New Mexico | 4,874,330 | ||||||
| ||||||||
New York 1.2% | ||||||||
1,000 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Kaleida | 2/14 at 100.00 | AAA | 1,023,520 | ||||
Health, Series 2004, 5.050%, 2/15/25 | ||||||||
1,215 | Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health Obligated | 7/10 at 101.00 | BBB+ | 1,259,153 | ||||
Group, Series 2000A, 6.500%, 7/01/17 | ||||||||
385 | Dormitory Authority of the State of New York, Revenue Bonds, Mount Sinai NYU Health Obligated | 7/10 at 101.00 | Baa1 (4) | 416,316 | ||||
Group, Series 2000A, 6.500%, 7/01/17 (Pre-refunded 7/01/10) | ||||||||
| ||||||||
2,600 | Total New York | 2,698,989 | ||||||
| ||||||||
North Carolina 1.2% | ||||||||
2,195 | North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series | 7/08 at 100.00 | Baa1 | 2,195,702 | ||||
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 | 511,950 | ||||
11/01/17 FGIC Insured | ||||||||
| ||||||||
2,695 | Total North Carolina | 2,707,652 | ||||||
| ||||||||
Ohio 0.1% | ||||||||
300 | Lebanon, Ohio, Electric System Mortgage Revenue Bonds, Series 2001, 5.500%, 12/01/17 | 12/10 at 101.00 | AA (4) | 321,801 | ||||
(Pre-refunded 12/01/10) AMBAC Insured | ||||||||
| ||||||||
Oklahoma 2.1% | ||||||||
1,000 | Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005, | 9/16 at 100.00 | BBB | 961,370 | ||||
5.375%, 9/01/36 | ||||||||
4,000 | Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004, | 2/14 at 100.00 | AA | 3,999,760 | ||||
5.000%, 2/15/24 | ||||||||
| ||||||||
5,000 | Total Oklahoma | 4,961,130 | ||||||
| ||||||||
Pennsylvania 0.8% | ||||||||
500 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, | 7/13 at 100.00 | BBB+ | 499,395 | ||||
Series 2003, 5.250%, 7/15/24 | ||||||||
700 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2004A, 5.500%, 12/01/31 | 12/14 at 100.00 | AA | 726,768 | ||||
AMBAC Insured | ||||||||
520 | Pennsylvania, General Obligation Bonds, Second Series 2001, 5.000%, 9/15/20 (Pre-refunded | 9/11 at 101.00 | AAA | 555,214 | ||||
9/15/11) FSA Insured | ||||||||
| ||||||||
1,720 | Total Pennsylvania | 1,781,377 | ||||||
| ||||||||
South Carolina 7.8% | ||||||||
1,000 | Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds, | 12/14 at 100.00 | A | 1,021,470 | ||||
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) | 11,105,699 | ||||
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) | 1,664,205 | ||||
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 | A (4) | 567,304 | ||||
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 | 1,994,711 | ||||
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30 | ||||||||
1,670 | Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement | 5/11 at 101.00 | BBB | 1,762,167 | ||||
Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 | ||||||||
| ||||||||
16,670 | Total South Carolina | 18,115,556 | ||||||
| ||||||||
Texas 9.7% | ||||||||
5,000 | Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities Revenue | 5/12 at 101.00 | A | 5,065,400 | ||||
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 | AAA | 1,060,870 | ||||
12/01/31 (Pre-refunded 12/01/11) AMBAC Insured | ||||||||
6,150 | Dallas Independent School District, Dallas County, Texas, General Obligation Refunding Bonds, | 2/12 at 100.00 | AAA | 6,403,565 | ||||
Series 2002, 5.250%, 2/15/20 | ||||||||
360 | Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel | 1/09 at 100.00 | AAA | 364,028 | ||||
Revenue Bonds, Series 2001, 5.500%, 1/15/20 FSA Insured | ||||||||
2,300 | Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds, | 11/13 at 100.00 | AA | 2,278,472 | ||||
TECO Project, Series 2003, 5.000%, 11/15/30 MBIA Insured | ||||||||
3,470 | Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series | 11/30 at 61.17 | AA | 539,065 | ||||
2001A, 0.000%, 11/15/38 MBIA Insured | ||||||||
2,585 | Harris County-Houston Sports Authority, Texas, Third Lien Revenue Bonds, Series 2004-A3., | 11/24 at 52.47 | AA | 484,093 | ||||
0.000%, 11/15/35 MBIA Insured | ||||||||
45 | Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds, | 2/12 at 100.00 | AAA | 44,877 | ||||
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 | 3,661,885 | ||||
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 | 347,331 | ||||
Bonds, Series 2007, 0.000%, 8/15/37 | ||||||||
465 | San Antonio, Texas, Water System Revenue Refunding Bonds, Series 1992, 6.000%, 5/15/16 | 5/12 at 100.00 | AAA | 511,095 | ||||
(Pre-refunded 5/15/12) MBIA Insured | ||||||||
1,750 | Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%, | 8/13 at 100.00 | Aa1 | 1,663,025 | ||||
8/01/42 (Alternative Minimum Tax) | ||||||||
| ||||||||
28,360 | Total Texas | 22,423,706 | ||||||
| ||||||||
Utah 0.4% | ||||||||
775 | Utah State Building Ownership Authority, Lease Revenue Bonds, State Facilities Master Lease | 11/11 at 100.00 | AA+ | 810,743 | ||||
Program, Series 2001B, 5.250%, 5/15/24 | ||||||||
| ||||||||
Washington 7.9% | ||||||||
250 | Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station | 7/12 at 100.00 | Aaa | 264,835 | ||||
Nuclear Project 2, Series 2002C, 5.500%, 7/01/17 MBIA Insured | ||||||||
4,750 | Snohomish County Public Utility District 1, Washington, Generation System Revenue Bonds, | No Opt. Call | Aaa | 5,089,768 | ||||
Series 1989, 6.750%, 1/01/12 (ETM) | ||||||||
9,750 | Washington State Healthcare Facilities Authority, Revenue Bonds, Sisters of Providence Health | 10/11 at 100.00 | AA | 9,968,205 | ||||
System, Series 2001A, 5.125%, 10/01/17 MBIA Insured | ||||||||
2,250 | Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, | 6/13 at 100.00 | BBB | 2,278,103 | ||||
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+ | 771,658 | ||||
12/01/27 MBIA Insured | ||||||||
| ||||||||
19,115 | Total Washington | 18,372,569 | ||||||
| ||||||||
West Virginia 0.5% | ||||||||
1,075 | Marshall County, West Virginia, Special Obligation Refunding Bonds, Series 1992, 6.500%, | No Opt. Call | AAA | 1,133,222 | ||||
5/15/10 (ETM) | ||||||||
| ||||||||
Wisconsin 1.6% | ||||||||
285 | Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed | 6/12 at 100.00 | BBB | 281,497 | ||||
1,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan | 8/13 at 100.00 | A | 990,750 | ||||
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 | 2,544,325 | ||||
| ||||||||
3,785 | Total Wisconsin | 3,816,572 | ||||||
| ||||||||
$ 250,900 | Total Municipal Bonds (cost $223,233,394) | 227,069,144 | ||||||
|
| |||||||
Shares | Description (1) | Value | ||||||
| ||||||||
Common Stocks 0.0% | ||||||||
Airlines 0.0% | ||||||||
789 | UAL Corporation, (5) | $ | 4,119 | |||||
| ||||||||
Total Common Stocks (cost $0) | 4,119 | |||||||
| ||||||||
Total Investments (cost $223,233,394) 98.1% | 227,073,263 | |||||||
| ||||||||
Other Assets Less Liabilities 1.9% | 4,292,952 | |||||||
| ||||||||
Net Assets 100% | $ | 231,366,215 | ||||||
|
(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 higher of Standard & Poors Group (Standard & Poors) or Moodys Investor Service, Inc. | |
(Moodys) rating. Ratings below BBB by Standard & Poors or Baa by Moodys are considered to be | ||
below investment grade. | ||
The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AMBAC, CIFG, FGIC, | ||
MBIA, RAAI and XLCA as of June 30, 2008. Subsequent to June 30, 2008, and during the period this | ||
Portfolio of Investments was prepared, there may have been reductions to the ratings of certain bonds | ||
resulting from changes to the ratings of the underlying insurers both during the period and after period | ||
end. Such reductions would likely reduce the effective rating of many of the bonds insured by that insurer | ||
or insurers presented at period end. | ||
(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) | 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 UALs 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 still held by | ||
the Fund at June 30, 2008. | ||
N/R | Not rated. | |
(ETM) | Escrowed to maturity. | |
(IF) | Inverse floating rate investment. |
Fair Value Measurements
During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Funds 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 managements assumptions in determining the |
fair value of investments). |
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
The following is a summary of the Funds fair value measurements as of June 30, 2008:
Level 1 | Level 2 | Level 3 | Total | |||||
| ||||||||
Investments | $4,119 | $227,069,144 | $ | $227,073,263 | ||||
|
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 transactions subject to SFAS No. 140. 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 June 30, 2008, the cost of investments was $222,736,039.
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2008, were as follows:
| ||
Gross unrealized: | ||
Appreciation | $ 9,576,574 | |
Depreciation | (5,239,350) | |
| ||
Net unrealized appreciation (depreciation) of investments | $ 4,337,224 | |
|
Item 2. Controls and Procedures.
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.
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 August 29, 2008
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 August 29, 2008
By (Signature and Title)
/s/ Stephen D.
Foy
Stephen
D.
Foy
Vice President and Controller (principal financial officer)
Date August 29, 2008