nq2.htm



 
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:         6/30/11         
 
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)
     
   
June 30, 2011
     
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Municipal Bonds – 98.6%
     
   
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
A+ (4)
$     2,758,511
   
(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
1,714,858
   
Series 2006A, 5.000%, 6/01/46
     
5,110
 
Total Alaska
   
4,473,369
   
Arizona – 0.2%
     
625
 
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power
10/20 at 100.00
BBB–
572,788
   
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
805,505
   
Research Center Project, Series 2006, 0.000%, 7/01/46 – AMBAC Insured
     
   
California – 8.7%
     
2,000
 
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series
10/17 at 100.00
A–
1,618,560
   
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)
3,519,579
   
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
1,112,360
   
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
AA+
704,713
   
2006C, 0.000%, 8/01/36 – AGM Insured
     
2,645
 
Cypress Elementary School District, Orange County, California, General Obligation Bonds,
No Opt. Call
AA+
575,711
   
Series 2009A, 0.000%, 5/01/34 – AGM Insured
     
1,335
 
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
No Opt. Call
A2
416,387
   
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
3,359,430
   
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+
708,690
   
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
1,335,412
   
Series 2006, 0.000%, 8/01/25 – NPFG Insured
     
1,215
 
Los Angeles Department of Water and Power, California, Waterworks Revenue Refunding Bonds,
1/12 at 100.00
AA
1,215,219
   
Series 2001A, 5.125%, 7/01/41 – FGIC Insured
     
365
 
Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 –
11/11 at 100.00
AA–
365,850
   
AMBAC Insured
     
1,000
 
Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,
No Opt. Call
A
473,020
   
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
591,864
   
6.750%, 11/01/39
     
1,700
 
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
No Opt. Call
A+
335,869
   
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured
     
2,930
 
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
No Opt. Call
Baa1
702,848
   
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
A
1,247,813
2,110
 
Sierra Sands Unified School District, Kern County, California, General Obligation Bonds,
No Opt. Call
Aa3
696,595
   
Election of 2006, Series 2006A, 0.000%, 11/01/28 – FGIC Insured
     
750
 
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
6/15 at 100.00
Baa3
488,813
   
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
347,795
   
Series 2007, 0.000%, 10/01/30 – AMBAC Insured
     
35,535
 
Total California
   
19,816,528
   
Colorado – 8.5%
     
1,000
 
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of
No Opt. Call
AA
967,550
   
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)
1,759,160
690
 
5.500%, 3/01/22 (Pre-refunded 3/01/12)
3/12 at 100.00
Aa2 (4)
714,012
5,295
 
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13
No Opt. Call
A+
5,760,430
   
(Alternative Minimum Tax)
     
5,000
 
Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2001A,
11/11 at 100.00
A+
5,070,150
   
5.625%, 11/15/17 – FGIC Insured (Alternative Minimum Tax)
     
3,000
 
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
12/13 at 100.00
N/R (4)
3,296,580
   
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+
497,640
   
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
1,505,500
   
NPFG Insured
     
29,685
 
Total Colorado
   
19,571,022
   
Florida – 7.4%
     
2,000
 
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.375%, 6/01/46
6/16 at 100.00
A–
1,828,560
5,000
 
Jacksonville Health Facilities Authority, Florida, Revenue Bonds, Ascension Health, Series
11/12 at 101.00
AA+
5,054,100
   
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
10,102,599
   
2002-17, 5.000%, 10/01/17
     
17,000
 
Total Florida
   
16,985,259
   
Georgia – 0.9%
     
2,000
 
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional
12/20 at 100.00
N/R
2,000,820
   
Medical Center Project, Series 2010, 8.125%, 12/01/45
     
   
Illinois – 15.1%
     
2,465
 
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System
No Opt. Call
A2
1,595,521
   
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%,
12/11 at 100.00
BBB
2,653,222
   
12/01/17 – FGIC Insured
     
195
 
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
11/13 at 100.00
Aa3
210,347
   
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)
893,115
   
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
634,722
   
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
AA+
1,054,200
   
Trust 1137, 9.316%, 7/01/15 (IF)
     
4,000
 
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,
8/14 at 100.00
N/R (4)
4,571,040
   
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
1,029,630
   
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
1,925,490
   
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
1,328,131
   
5.600%, 10/01/16
     
2,950
 
Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A,
7/12 at 100.00
AA+
3,057,882
   
6.000%, 7/01/17
     
2,275
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
1/13 at 100.00
Baa1
2,345,252
   
Series 2002, 6.250%, 1/01/17
     
450
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Rockford Health System, Series
8/11 at 100.00
N/R
391,968
   
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
2,515,906
   
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
519,300
810
 
0.000%, 6/15/30 – NPFG Insured
No Opt. Call
AAA
268,005
5,000
 
0.000%, 12/15/36 – NPFG Insured
No Opt. Call
AAA
1,008,150
5,000
 
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place
6/12 at 101.00
AAA
5,096,250
   
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
1,327,638
   
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)
1,022,100
1,000
 
5.000%, 12/15/20 (Pre-refunded 12/15/11) – RAAI Insured
12/11 at 100.00
N/R (4)
1,022,100
40,545
 
Total Illinois
   
34,469,969
   
Indiana – 6.5%
     
1,000
 
Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage
7/14 at 100.00
A+ (4)
1,130,150
   
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+
1,695,571
   
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+
937,330
   
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
10,336,416
   
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+
777,233
   
Series 2005, 5.000%, 7/15/22 – NPFG Insured
     
14,130
 
Total Indiana
   
14,876,700
   
Iowa – 1.8%
     
1,000
 
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
6/15 at 100.00
BBB
762,160
   
5.375%, 6/01/38
     
4,000
 
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
6/17 at 100.00
BBB
3,381,040
   
5.600%, 6/01/34
     
5,000
 
Total Iowa
   
4,143,200
   
Kansas – 0.5%
     
500
 
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,
7/16 at 100.00
A2
459,720
   
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+
756,923
   
5.300%, 6/01/31 – NPFG Insured
     
1,250
 
Total Kansas
   
1,216,643
   
Louisiana – 1.2%
     
2,735
 
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
11/11 at 101.00
A–
2,649,230
   
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–
476,325
   
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
20,272
   
System Inc., Series 2001C, 6.000%, 7/01/17
     
1,935
 
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
12/18 at 100.00
AA–
1,960,561
2,455
 
Total Massachusetts
   
2,457,158
   
Michigan – 1.3%
     
2,900
 
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health
12/12 at 100.00
AA
2,911,832
   
Credit Group, Series 2002C, 5.375%, 12/01/30
     
   
Missouri – 0.9%
     
   
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
     
   
Series 2004B-1:
     
500
 
0.000%, 4/15/23 – AMBAC Insured
No Opt. Call
AA+
295,275
5,000
 
0.000%, 4/15/30 – AMBAC Insured
No Opt. Call
AA–
1,672,000
5,500
 
Total Missouri
   
1,967,275
   
Nevada – 5.2%
     
2,500
 
Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003,
7/13 at 100.00
AA–
2,597,625
   
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
975,340
   
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
338,943
4,070
 
0.000%, 1/01/22 – AMBAC Insured
No Opt. Call
D
548,677
6,025
 
5.375%, 1/01/40 – AMBAC Insured (5)
1/12 at 100.00
N/R
1,447,085
1,500
 
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,
6/19 at 100.00
A
1,696,695
   
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
1,528,832
2,555
 
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded
6/12 at 100.00
A3 (4)
2,677,410
   
6/01/12) – FGIC Insured
     
21,525
 
Total Nevada
   
11,810,607
   
New Hampshire – 0.1%
     
325
 
New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series
11/11 at 100.00
Aa2
336,885
   
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
2,184,125
   
Series 2003, 5.500%, 7/01/23
     
   
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
     
   
Series 2002:
     
1,010
 
5.750%, 6/01/32 (Pre-refunded 6/01/12)
6/12 at 100.00
AAA
1,060,359
1,000
 
6.000%, 6/01/37 (Pre-refunded 6/01/12)
6/12 at 100.00
AAA
1,052,920
2,500
 
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
6/17 at 100.00
Baa3
1,712,500
   
Series 2007-1A, 5.000%, 6/01/41
     
7,010
 
Total New Jersey
   
6,009,904
   
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
920,100
   
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+
4,050,880
   
7/01/25 – AGM Insured
     
5,000
 
Total New Mexico
   
4,970,980
   
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
1,016,520
   
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–
537,505
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
     
1,530
 
Total New York
   
1,554,025
   
North Carolina – 1.1%
     
1,000
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2008C,
1/19 at 100.00
A–
1,176,020
   
6.750%, 1/01/24
     
1,420
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series
7/11 at 100.00
A–
1,422,158
   
1993B, 5.500%, 1/01/21
     
2,420
 
Total North Carolina
   
2,598,178
   
Ohio – 0.5%
     
1,545
 
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
6/17 at 100.00
Baa3
1,156,757
   
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+
837,670
   
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
4,066,120
   
5.000%, 2/15/24
     
5,000
 
Total Oklahoma
   
4,903,790
   
Pennsylvania – 0.9%
     
500
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,
7/13 at 100.00
BBB+
507,715
   
Series 2003, 5.250%, 7/15/24
     
1,000
 
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue
No Opt. Call
Aa3
766,790
   
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
718,851
   
AMBAC Insured
     
2,200
 
Total Pennsylvania
   
1,993,356
   
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+
1,043,490
   
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
379,610
   
8/01/54 – AMBAC Insured
     
8,000
 
Total Puerto Rico
   
1,423,100
   
South Carolina – 7.2%
     
1,250
 
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,
12/14 at 100.00
AA–
1,363,463
   
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)
10,890,396
   
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)
1,692,900
   
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)
557,851
   
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–
1,978,693
   
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30
     
15,250
 
Total South Carolina
   
16,483,303
   
Texas – 8.6%
     
5,000
 
Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities
5/12 at 101.00
BBB
5,133,350
   
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–
247,950
   
6.000%, 1/01/41
     
500
 
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue
1/15 at 100.00
BBB
429,020
   
Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured
     
360
 
Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel
7/11 at 100.00
AA+
360,500
   
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
2,317,020
   
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
438,690
   
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
Baa1
623,449
   
0.000%, 11/15/35 – NPFG Insured
     
3,470
 
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series
11/30 at 61.17
Baa1
497,841
   
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
45,816
   
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
3,559,203
   
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
411,732
   
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
1,656,140
   
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
1,958,040
   
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)
250,133
   
(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
1,689,293
   
8/01/42 (Alternative Minimum Tax)
     
28,705
 
Total Texas
   
19,618,177
   
Utah – 0.3%
     
775
 
Utah State Building Ownership Authority, Lease Revenue Bonds, State Facilities Master Lease
11/11 at 100.00
AA+ (4)
789,485
   
Program, Series 2001B, 5.250%, 5/15/24 (Pre-refunded 11/15/11)
     
   
Virginia – 1.3%
     
1,000
 
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
10/17 at 100.00
N/R
887,300
   
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
879,920
   
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+
1,255,200
   
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
     
4,000
 
Total Virginia
   
3,022,420
   
Washington – 6.8%
     
250
 
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station,
7/12 at 100.00
Aaa
261,688
   
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
1,367,400
   
Series 1989, 6.750%, 1/01/12 (ETM)
     
990
 
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
1/21 at 100.00
A
974,150
   
Research Center, Series 2011A, 5.625%, 1/01/35
     
9,750
 
Washington State Health Care Facilities Authority, Revenue Bonds, Sisters of Providence Health
10/11 at 100.00
AA
9,838,042
   
System, Series 2001A, 5.125%, 10/01/17 – NPFG Insured
     
2,000
 
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
6/13 at 100.00
BBB
2,029,560
   
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+
992,718
   
12/01/27 – NPFG Insured
     
16,435
 
Total Washington
   
15,463,558
   
West Virginia – 0.2%
     
500
 
West Virginia Hospital Finance Authority, Revenue Bonds, United Hospital Center Inc. Project,
6/16 at 100.00
A+
467,415
   
Series 2006A, 4.500%, 6/01/26 – AMBAC Insured
     
   
Wisconsin – 1.8%
     
470
 
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed
6/12 at 100.00
AAA
490,309
   
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+
1,033,930
   
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
2,570,550
3,970
 
Total Wisconsin
   
4,094,789
$        294,575
 
Total Municipal Bonds (cost $227,046,147)
   
225,614,027
           
Shares
 
Description
   
Value
   
Common Stocks – 0.0%
     
   
Airlines – 0.0%
     
122
 
United Continental Holdings Inc. (6), (7)
   
$                2,761
   
Total Common Stocks (cost $0)
   
2,761
   
Total Investments (Cost $227,046,147) – 98.6%
   
225,616,788
   
Other Assets Less Liabilities – 1.4%
   
3,194,603
   
Net Assets – 100%
   
$      228,811,391
 
 
 
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 June 30, 2011:
 
                       
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Investments:
                     
Municipal Bonds
$     $ 225,614,027     $     $ 225,614,027  
Common Stocks
  2,761                   2,761  
Total
$ 2,761     $ 225,614,027     $     $ 225,616,788  
 
During the period ended June 30, 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 June 30, 2011, the cost of investments was $226,522,369.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2011, were as follows:
 
     
Gross unrealized:
   
   Appreciation
$ 11,667,653  
   Depreciation
  (12,573,234 )
Net unrealized appreciation (depreciation) of investments
$ (905,581 )
 
(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)     
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income producing security, in the case of a bond, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the 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 June 30, 2011. On October 1, 2010, UAL Corporation was renamed United Continental Holdings, Inc.
(7)     
Non-income producing; issuer has not declared a dividend within the past twelve months.
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         August 29, 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         August 29, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         August 29, 2011