Unassociated Document



 
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 811-6623
 
Nuveen California 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:         6/30/12         
 
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 California Select Tax-Free Income Portfolio (NXC)
     
   
      June 30, 2012
     
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 4.3%
     
$      140
 
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
6/15 at 100.00
BB+
$ 135,646
   
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
     
940
 
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Revenue
12/12 at 100.00
A3
942,651
   
Bonds, Fresno County Tobacco Funding Corporation, Series 2002, 5.625%, 6/01/23
     
   
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
     
   
Bonds, Series 2007A-1:
     
1,065
 
5.750%, 6/01/47
6/17 at 100.00
BB-
856,175
1,885
 
5.125%, 6/01/47
6/17 at 100.00
BB–
1,367,360
1,095
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
6/22 at 100.00
BB–
823,593
   
Bonds, Series 2007A-2, 0.000%, 6/01/37
     
5,125
 
Total Consumer Staples
   
4,125,425
   
Education and Civic Organizations – 3.9%
     
3,000
 
California Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series 2008A,
4/18 at 100.00
Aa3
3,382,020
   
5.625%, 4/01/37
     
45
 
California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series 2005A,
10/15 at 100.00
A3
46,227
   
5.000%, 10/01/35
     
   
California Educational Facilities Authority, Revenue Bonds, University of the Pacific,
     
   
Series 2006:
     
35
 
5.000%, 11/01/21
11/15 at 100.00
A2
37,477
45
 
5.000%, 11/01/25
11/15 at 100.00
A2
47,373
250
 
California Statewide Communities Development Authority, School Facility Revenue Bonds,
7/21 at 100.00
BBB
271,180
   
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
     
3,375
 
Total Education and Civic Organizations
   
3,784,277
   
Health Care – 10.5%
     
235
 
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –
8/21 at 100.00
A+
249,055
   
San Diego, Series 2011, 5.250%, 8/15/41
     
2,550
 
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
11/16 at 100.00
AA–
2,666,408
   
5.250%, 11/15/46 (UB)
     
1,500
 
California Statewide Community Development Authority, Hospital Revenue Bonds, Monterey
6/13 at 100.00
AA–
1,554,015
   
Peninsula Hospital, Series 2003B, 5.250%, 6/01/18 – AGM Insured
     
1,500
 
California Statewide Community Development Authority, Insured Mortgage Hospital Revenue Bonds,
11/12 at 100.00
A–
1,501,680
   
Mission Community Hospital, Series 2001, 5.375%, 11/01/26
     
545
 
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
8/16 at 100.00
A+
602,923
   
Series 2001C, 5.250%, 8/01/31
     
540
 
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
12/17 at 100.00
BBB
617,603
   
2008A, 8.250%, 12/01/38
     
1,100
 
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
11/20 at 100.00
Baa3
1,158,465
   
6.000%, 11/01/41
     
670
 
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
12/21 at 100.00
BB
800,174
   
7.500%, 12/01/41
     
800
 
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series
1/21 at 100.00
A
920,272
   
2011, 6.500%, 1/01/41
     
9,440
 
Total Health Care
   
10,070,595
   
Housing/Multifamily – 0.9%
     
375
 
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
8/20 at 100.00
BBB
409,110
   
Series 2010A, 6.400%, 8/15/45
     
395
 
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
8/22 at 100.00
BBB
409,248
   
Series 2012A, 5.500%, 8/15/47
     
770
 
Total Housing/Multifamily
   
818,358
   
Housing/Single Family – 0.1%
     
65
 
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%,
2/16 at 100.00
BBB
67,703
   
8/01/30 – FGIC Insured (Alternative Minimum Tax)
     
   
Industrials – 1.2%
     
1,015
 
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic
No Opt. Call
BBB
1,149,863
   
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative Minimum Tax)
     
   
Long-Term Care – 1.6%
     
1,500
 
ABAG Finance Authority for Non-Profit Corporations, California, Insured Senior Living Revenue
11/12 at 100.00
A–
1,508,850
   
Bonds, Odd Fellows Home of California, Series 2003A, 5.200%, 11/15/22
     
   
Tax Obligation/General – 39.2%
     
750
 
California State, General Obligation Bonds, Series 2004, 5.000%, 2/01/23
2/14 at 100.00
A1
793,140
1,650
 
California State, General Obligation Bonds, Various Purpose Series 2009, 5.500%, 11/01/39
11/19 at 100.00
A1
1,849,964
2,500
 
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
10/21 at 100.00
A1
2,658,825
2,000
 
California State, Various Purpose General Obligation Refunding Bonds, Series 2012,
4/22 at 100.00
A1
2,226,660
   
5.250%, 4/01/35
     
6,225
 
Escondido Union High School District, San Diego County, California, General Obligation
No Opt. Call
Aa2
1,772,631
   
Refunding Bonds, Election 2008 Series 2009, 0.000%, 8/01/36 – AGM Insured
     
   
Golden West Schools Financing Authority, California, General Obligation Revenue Refunding
     
   
Bonds, School District Program, Series 1999A:
     
4,650
 
0.000%, 8/01/16 – NPFG Insured
No Opt. Call
BBB
4,070,796
1,750
 
0.000%, 2/01/17 – NPFG Insured
No Opt. Call
BBB
1,481,813
2,375
 
0.000%, 8/01/17 – NPFG Insured
No Opt. Call
BBB
1,967,640
2,345
 
0.000%, 2/01/18 – NPFG Insured
No Opt. Call
BBB
1,885,872
   
Mountain View-Los Altos Union High School District, Santa Clara County, California, General
     
   
Obligation Capital Appreciation Bonds, Series 1995C:
     
1,015
 
0.000%, 5/01/17 – NPFG Insured
No Opt. Call
Aa1
901,269
1,080
 
0.000%, 5/01/18 – NPFG Insured
No Opt. Call
Aa1
933,034
5,500
 
Poway Unified School District, San Diego County, California, School Facilities Improvement
No Opt. Call
Aa2
909,315
   
District 2007-1 General Obligation Bonds, Election 2008 Series 2011A, 0.000%, 8/01/46
     
100
 
Roseville Joint Union High School District, Placer County, California, General Obligation
8/15 at 100.00
AA+
109,271
   
Bonds, Series 2006B, 5.000%, 8/01/27 – FGIC Insured
     
3,220
 
Sacramento City Unified School District, Sacramento County, California, General Obligation
7/15 at 100.00
AA–
3,512,730
   
Bonds, Series 2005, 5.000%, 7/01/27 – NPFG Insured
     
8,075
 
San Bernardino Community College District, California, General Obligation Bonds, Election of
No Opt. Call
Aa2
1,495,409
   
2008 Series 2009B, 0.000%, 8/01/44
     
1,500
 
San Diego Unified School District, San Diego County, California, General Obligation Bonds,
7/13 at 101.00
Aa2
1,585,590
   
Series 2003E, 5.250%, 7/01/24 – AGM Insured
     
26,655
 
Southwestern Community College District, San Diego County, California, General Obligation
No Opt. Call
Aa2
4,354,624
   
Bonds, Election of 2008, Series 2011C, 0.000%, 8/01/46
     
2,565
 
Sunnyvale School District, Santa Clara County, California, General Obligation Bonds, Series
9/15 at 100.00
AA
2,830,708
   
2005A, 5.000%, 9/01/26 – AGM Insured
     
4,250
 
West Hills Community College District, California, General Obligation Bonds, School Facilities
8/31 at 100.00
AA–
2,312,850
   
Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38 – AGM Insured
     
78,205
 
Total Tax Obligation/General
   
37,652,141
   
Tax Obligation/Limited – 21.9%
     
1,000
 
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
10/13 at 100.00
N/R
912,150
   
Series 2003, 5.625%, 10/01/33 – RAAI Insured
     
3,070
 
California State Public Works Board, Lease Revenue Bonds, Department of Corrections,
No Opt. Call
A2
3,407,332
   
Calipatria State Prison, Series 1991A, 6.500%, 9/01/17 – NPFG Insured
     
1,000
 
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
6/14 at 100.00
A2
1,069,190
   
Coalinga State Hospital, Series 2004A, 5.500%, 6/01/23
     
1,500
 
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
11/19 at 100.00
A2
1,790,820
   
2009-I, 6.375%, 11/01/34
     
120
 
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community
9/15 at 100.00
BBB
122,960
   
Facilities District, Series 2005, 5.000%, 9/01/24 – FGIC Insured
     
360
 
Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation
9/16 at 101.00
A–
355,061
   
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
     
1,000
 
Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana
10/15 at 100.00
A
1,016,890
   
Redevelopment Project, Series 2005A, 5.000%, 10/01/32 – AMBAC Insured
     
270
 
Fontana, California, Redevelopment Agency, Jurupa Hills Redevelopment Project, Tax Allocation
10/12 at 100.00
A–
270,653
   
Refunding Bonds, 1997 Series A, 5.500%, 10/01/27
     
250
 
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
5/17 at 100.00
BBB+
255,913
   
Project, Subordinate Lien Series 2007A-1, 5.000%, 5/01/23 – AMBAC Insured
     
   
Irvine, California, Unified School District, Community Facilities District Special Tax Bonds,
     
   
Series 2006A:
     
55
 
5.000%, 9/01/26
9/16 at 100.00
N/R
56,538
130
 
5.125%, 9/01/36
9/16 at 100.00
N/R
131,572
215
 
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester Social
9/15 at 100.00
A1
218,290
   
Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
     
135
 
National City Community Development Commission, California, Tax Allocation Bonds, National
8/21 at 100.00
A–
158,163
   
City Redevelopment Project, Series 2011, 6.500%, 8/01/24
     
50
 
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment
9/21 at 100.00
A–
56,883
   
Project, Series 2011, 6.750%, 9/01/40
     
1,300
 
Orange County, California, Special Tax Bonds, Community Facilities District 03-1 of Ladera
8/12 at 101.00
N/R
1,313,481
   
Ranch, Series 2004A, 5.625%, 8/15/34
     
   
Perris Union High School District Financing Authority, Riverside County, California, Revenue
     
   
Bonds, Series 2011:
     
50
 
6.000%, 9/01/33
9/12 at 103.00
N/R
51,562
100
 
6.125%, 9/01/41
9/12 at 103.00
N/R
103,104
415
 
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
9/18 at 100.00
BBB
447,673
   
Development Project, Refunding Series 2008A, 6.500%, 9/01/28
     
160
 
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series
9/21 at 100.00
BBB+
173,382
   
2011A, 5.750%, 9/01/30
     
105
 
Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
9/15 at 100.00
A–
105,039
   
2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured
     
30
 
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
10/21 at 100.00
A–
33,182
   
Area, Series 2011B, 6.500%, 10/01/25
     
130
 
Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%,
8/13 at 100.00
AA–
132,057
   
8/01/25 – AMBAC Insured
     
605
 
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A,
No Opt. Call
A1
694,032
   
5.400%, 11/01/20 – NPFG Insured
     
1,365
 
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
4/22 at 100.00
AAA
1,541,945
   
Series 2012A, 5.000%, 4/01/42
     
25
 
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
2/21 at 100.00
A–
28,642
   
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41
     
   
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
     
   
Mission Bay South Redevelopment Project, Series 2011D:
     
25
 
7.000%, 8/01/33
2/21 at 100.00
BBB
28,530
30
 
7.000%, 8/01/41
2/21 at 100.00
BBB
33,834
615
 
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
8/17 at 100.00
BBB
603,395
   
Project, Series 2006C, 5.000%, 8/01/25 – NPFG Insured
     
3,000
 
San Mateo County Transit District, California, Sales Tax Revenue Bonds, Series 2005A, 5.000%,
6/15 at 100.00
AA
3,355,590
   
6/01/21 – NPFG Insured
     
1,000
 
Santa Clara County Board of Education, California, Certificates of Participation, Series 2002,
4/13 at 100.00
BBB
1,003,160
   
5.000%, 4/01/25 – NPFG Insured
     
40
 
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,
4/21 at 100.00
N/R
43,627
   
7.000%, 10/01/26
     
1,000
 
Travis Unified School District, Solano County, California, Certificates of Participation,
9/16 at 100.00
N/R
1,007,410
   
Series 2006, 5.000%, 9/01/26 – FGIC Insured
     
360
 
Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011,
3/21 at 100.00
BBB+
400,766
   
7.500%, 9/01/39
     
70
 
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,
9/21 at 100.00
A–
78,107
   
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
     
19,580
 
Total Tax Obligation/Limited
   
21,000,933
   
Transportation – 1.2%
     
1,150
 
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
1/13 at 100.00
BBB–
1,150,288
   
1995A, 5.000%, 1/01/35
     
   
U.S. Guaranteed – 5.4% (4)
     
1,000
 
California Educational Facilities Authority, Revenue Bonds, University of San Diego, Series
10/12 at 100.00
A2 (4)
1,013,520
   
2002A, 5.500%, 10/01/32 (Pre-refunded 10/01/12)
     
800
 
California State, General Obligation Bonds, Series 2004, 5.125%, 2/01/27 (Pre-refunded 2/01/14)
2/14 at 100.00
AAA
861,160
2,000
 
North Orange County Community College District, California, General Obligation Bonds, Series
8/12 at 101.00
AA (4)
2,028,520
   
2002A, 5.000%, 8/01/22 (Pre-refunded 8/01/12) – NPFG Insured
     
1,000
 
Port of Oakland, California, Revenue Bonds, Series 2002M, 5.250%, 11/01/20 (Pre-refunded
11/12 at 100.00
A+ (4)
1,017,220
   
11/01/12) – FGIC Insured
     
225
 
San Mateo Union High School District, San Mateo County, California, Certificates of
12/17 at 100.00
AA– (4)
275,533
   
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) – AMBAC Insured
     
5,025
 
Total U.S. Guaranteed
   
5,195,953
   
Utilities – 6.5%
     
1,000
 
Imperial Irrigation District, California, Electric System Revenue Bonds, Refunding Series 2011A,
11/20 at 100.00
A1
1,125,420
   
5.500%, 11/01/41
     
645
 
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A,
No Opt. Call
A
700,902
   
5.500%, 11/15/37
     
200
 
Los Angeles Department of Water and Power, California, Power System Revenue Bonds,
7/13 at 100.00
AA–
208,964
   
Series 2003A-2, 5.000%, 7/01/21 – NPFG Insured
     
7,600
 
Merced Irrigation District, California, Certificates of Participation, Water and Hydroelectric
9/16 at 64.56
A
4,002,312
   
Series 2008B, 0.000%, 9/01/23
     
215
 
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005, 5.125%,
9/15 at 100.00
N/R
217,965
   
9/01/31 – SYNCORA GTY Insured
     
9,660
 
Total Utilities
   
6,255,563
   
Water and Sewer – 2.4%
     
150
 
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,
4/16 at 100.00
AA–
156,050
   
5.000%, 4/01/36 – NPFG Insured
     
250
 
Sacramento County Sanitation District Financing Authority, California, Revenue Bonds, Series
6/16 at 100.00
AA
277,803
   
2006, 5.000%, 12/01/31 – FGIC Insured
     
825
 
South Feather Water and Power Agency, California, Water Revenue Certificates of Participation,
4/13 at 100.00
A
833,671
   
Solar Photovoltaic Project, Series 2003, 5.375%, 4/01/24
     
1,000
 
Woodbridge Irrigation District, California, Certificates of Participation, Water Systems
7/13 at 100.00
A+
1,008,490
   
Project, Series 2003, 5.625%, 7/01/43
     
2,225
 
Total Water and Sewer
   
2,276,014
$ 137,135
 
Total Investments (cost $85,703,379) – 99.1%
   
95,055,963
   
Floating Rate Obligations – (1.6)%
   
(1,540,000)
   
Other Assets Less Liabilities – 2.5%
   
2,424,689
   
Net Assets – 100%
   
$ 95,940,652
 
 
 
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 following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
         
 
Level 1
Level 2
Level 3
Total
Long-Term Investments*:
       
Municipal Bonds
$ —
$95,055,963
$ —
$95,055,963
* Refer to the Fund's Portfolio of Investments for industry classifications.
 
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, 2012, the cost of investments was $84,148,284.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2012, were as follows:
 
   
Gross unrealized:
 
Appreciation
$9,713,389
Depreciation
(350,383)
Net unrealized appreciation (depreciation) of investments
$9,363,006
 
 
     
(1)
 
All percentages shown in the Portfolio of Investments are based on net assets.
(2)
 
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
 
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated
   
by any of these national rating agencies.
(4)
 
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
N/R
 
Not rated.
(UB)
 
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
 
 
 
 
 

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