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NUVEEN CALIFORNIA SELECT TAX FREE INCOME PORTFOLIO

Regulatory Filings Feb 29, 2012

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N-Q 1 nq2.htm NXC_NQ nq2.htm Licensed to: FGS Document Created using EDGARizerAgent 5.4.1.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.

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: 12/31/11

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)
Nuveen California Select Tax-Free Income Portfolio (NXC)
December 31, 2011
Principal Optional Call
Amount (000) Description (1) Provisions (2) Ratings (3) Value
Consumer Staples – 4.2%
$ 150 California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma 6/15 at 100.00 BBB $ 140,777
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
1,015 California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Revenue 6/12 at 100.00 A3 1,015,152
Bonds, Fresno County Tobacco Funding Corporation, Series 2002, 5.625%, 6/01/23
1,065 Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed 6/17 at 100.00 BB+ 769,356
Bonds, Series 2007A-1, 5.750%, 6/01/47
2,980 Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed 6/22 at 100.00 BB– 1,912,057
Bonds, Series 2007A-2, 0.000%, 6/01/37
5,210 Total Consumer Staples 3,837,342
Education and Civic Organizations – 6.2%
3,000 California Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series 4/18 at 100.00 Aa3 3,308,130
2008A, 5.625%, 4/01/37
45 California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series 10/15 at 100.00 A3 45,310
2005A, 5.000%, 10/01/35
1,000 California Educational Facilities Authority, Revenue Bonds, University of San Diego, Series 10/12 at 100.00 A2 1,011,880
2002A, 5.500%, 10/01/32
California Educational Facilities Authority, Revenue Bonds, University of the Pacific,
Series 2006:
35 5.000%, 11/01/21 11/15 at 100.00 A2 37,637
45 5.000%, 11/01/25 11/15 at 100.00 A2 47,245
250 California Statewide Communitities Development Authority, School Facility Revenue Bonds, 7/21 at 100.00 N/R 251,375
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
1,000 Long Beach Bond Financing Authority, California, Lease Revenue Refunding Bonds, Long Beach 5/12 at 101.00 BBB 1,000,690
Aquarium of the South Pacific, Series 2001, 5.250%, 11/01/30 – AMBAC Insured
5,375 Total Education and Civic Organizations 5,702,267
Health Care – 12.7%
235 California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital – 8/21 at 100.00 A2 237,019
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– 2,586,032
5.250%, 11/15/46 (UB)
1,500 California Statewide Community Development Authority, Hospital Revenue Bonds, Monterey 6/13 at 100.00 AA– 1,575,555
Peninsula Hospital, Series 2003B, 5.250%, 6/01/18 – AGM Insured
1,500 California Statewide Community Development Authority, Insured Mortgage Hospital Revenue Bonds, 5/12 at 100.00 A– 1,501,245
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+ 561,633
Series 2001C, 5.250%, 8/01/31
1,880 California Statewide Community Development Authority, Revenue Bonds, Los Angeles Orthopaedic 6/12 at 100.00 BBB+ 1,883,271
Hospital Foundation, Series 2000, 5.500%, 6/01/17 – AMBAC Insured
540 Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series 12/17 at 100.00 BBB 602,591
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 1,080,409
6.000%, 11/01/41
670 San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011, 12/21 at 100.00 BB 722,950
7.500%, 12/01/41
800 Upland, California, Certificates of Participation, San Antonio Community Hospital, Series 1/21 at 100.00 A 867,136
2011, 6.500%, 1/01/41
11,320 Total Health Care 11,617,841
Housing/Multifamily – 1.3%
375 California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects 8/20 at 100.00 BBB– 379,121
Series 2010A, 6.400%, 8/15/45
750 California Statewide Communities Development Authority, Student Housing Revenue Bonds, 8/12 at 100.00 Baa1 771,885
EAH-East Campus Apartments, LLC-UC Irvine Project, Series 2002A, 5.500%, 8/01/22 – ACA Insured
1,125 Total Housing/Multifamily 1,151,006
Housing/Single Family – 0.1%
75 California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%, 2/16 at 100.00 BBB 75,044
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 1,124,529
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative
Minimum Tax)
Long-Term Care – 2.7%
1,500 ABAG Finance Authority for Non-Profit Corporations, California, Insured Senior Living Revenue 11/12 at 100.00 A– 1,518,000
Bonds, Odd Fellows Home of California, Series 2003A, 5.200%, 11/15/22
1,000 California Statewide Communities Development Authority, Revenue Bonds, Inland Regional Center 12/17 at 100.00 Baa1 977,290
Project, Series 2007, 5.250%, 12/01/27
2,500 Total Long-Term Care 2,495,290
Tax Obligation/General – 36.4%
750 California State, General Obligation Bonds, Series 2004, 5.000%, 2/01/23 2/14 at 100.00 A1 799,470
1,650 California State, General Obligation Bonds, Various Purpose Series 2009, 5.500%, 11/01/39 11/19 at 100.00 A1 1,777,595
2,500 California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41 10/21 at 100.00 A1 2,576,700
6,225 Escondido Union High School District, San Diego County, California, General Obligation No Opt. Call Aa2 1,477,877
Refunding Bonds, Series 2009B, 0.000%, 8/01/36 – AGM Insured
1,000 Fremont Unified School District, Alameda County, California, General Obligation Bonds, Series 8/12 at 101.00 Aa2 1,031,280
2002A, 5.000%, 8/01/21 – FGIC 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 3,887,633
1,750 0.000%, 2/01/17 – NPFG Insured No Opt. Call BBB 1,412,583
2,375 0.000%, 8/01/17 – NPFG Insured No Opt. Call BBB 1,870,479
2,345 0.000%, 2/01/18 – NPFG Insured No Opt. Call BBB 1,795,121
Mountain View-Los Altos Union High School District, Santa Clara County, California, General
Obligation Capital Appreciation Bonds, Series 1997C:
1,015 0.000%, 5/01/17 – NPFG Insured No Opt. Call Aa1 862,476
1,080 0.000%, 5/01/18 – NPFG Insured No Opt. Call Aa1 892,188
5,500 Poway Unified School District, San Diego County, California, School Facilities Improvement No Opt. Call Aa2 689,480
District 2007-1 General Obligation Bonds, Series 2011B, 0.000%, 8/01/46
100 Roseville Joint Union High School District, Placer County, California, General Obligation 8/15 at 100.00 AA– 106,033
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 Aa3 3,460,373
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 1,095,535
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 1,615,860
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 3,202,065
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 2,783,256
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– 1,905,700
Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38 – AGM Insured
77,205 Total Tax Obligation/General 33,241,704
Tax Obligation/Limited – 20.7%
1,000 Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, 10/13 at 100.00 N/R 823,820
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 3,424,370
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 1,054,350
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 1,662,990
2009I-1, 6.375%, 11/01/34
120 Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community 9/15 at 100.00 BBB 121,112
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– 327,236
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
135 Community Development Commission, California, National City National City Redevelopment Project 8/21 at 100.00 A– 153,374
2011 Tax Allocation Bonds, 6.500%, 8/01/24
1,000 Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana 10/15 at 100.00 A 1,001,450
Redevelopment Project, Series 2005A, 5.000%, 10/01/32 – AMBAC Insured
270 Fontana California Redevelopment Agancy, Jurupa Hills Redevelopment Project, Tax Allocation 4/12 at 100.00 A– 270,267
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+ 241,175
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 54,770
130 5.125%, 9/01/36 9/16 at 100.00 N/R 122,282
215 Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester 9/15 at 100.00 A1 205,557
Social Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
50 Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment 9/21 at 100.00 A– 54,831
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 1,304,303
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 No Opt. Call N/R 50,396
100 6.125%, 9/01/41 No Opt. Call N/R 100,824
415 Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community 9/18 at 100.00 BBB 420,092
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+ 166,115
2011A, 5.750%, 9/01/30
105 Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 9/15 at 100.00 A– 97,630
2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured
30 Riverside County, California, Redevelopment Agency Jurupa Valley Project Area 2011 Tax Allocation 10/21 at 100.00 A– 31,912
Bonds Series B, 6.500%, 10/01/25
130 Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%, 8/13 at 100.00 AA– 131,764
8/01/25 – AMBAC Insured
605 Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A, No Opt. Call A1 668,059
5.400%, 11/01/20 – NPFG Insured
25 San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, 2/21 at 100.00 A– 27,376
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 27,558
30 7.000%, 8/01/41 2/21 at 100.00 BBB 32,690
615 San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment 8/17 at 100.00 Baa1 586,378
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 3,357,090
6/01/21 – NPFG Insured
1,000 Santa Clara County Board of Education, California, Certificates of Participation, Series 2002, 4/12 at 101.00 BBB 985,640
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 41,510
7.000%, 10/01/26
1,000 Travis Unified School District, Solano County, California, Certificates of Participation, 9/16 at 100.00 N/R 938,530
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+ 387,180
7.500%, 9/01/39
70 Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds, 9/21 at 100.00 A– 75,216
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
18,215 Total Tax Obligation/Limited 18,947,847
Transportation – 1.4%
1,150 Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series 7/12 at 100.00 BBB– 962,343
1995A, 5.000%, 1/01/35
335 San Francisco Airports Commission, California, Revenue Bonds, San Francisco International 5/12 at 100.00 A+ 335,023
Airport, Second Series 1999, Issue 23A, 5.000%, 5/01/30 – FGIC Insured (Alternative
Minimum Tax)
1,485 Total Transportation 1,297,366
U.S. Guaranteed – 4.7% (4)
800 California State, General Obligation Bonds, Series 2004, 5.125%, 2/01/27 (Pre-refunded 2/01/14) 2/14 at 100.00 AA+ (4) 877,656
2,000 North Orange County Community College District, California, General Obligation Bonds, Series 8/12 at 101.00 AA (4) 2,075,920
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) 1,041,970
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) 275,051
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) –
AMBAC Insured
4,025 Total U.S. Guaranteed 4,270,597
Utilities – 6.8%
1,000 Imperial Irrigation District, California, Electric System Revenue Bonds, Refunding Series 11/20 at 100.00 AA– 1,090,840
2011A, 5.500%, 11/01/41
645 Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series No Opt. Call A– 622,664
2007A, 5.500%, 11/15/37
200 Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 7/13 at 100.00 AA– 211,054
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 3,799,392
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 201,197
9/01/31 – SYNCORA GTY Insured
275 Turlock Irrigation District, California, Revenue Refunding Bonds, Series 1992A, 6.250%, No Opt. Call A2 275,030
1/01/12 – NPFG Insured
9,935 Total Utilities 6,200,177
Water and Sewer – 2.5%
150 Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006, 4/16 at 100.00 AA– 153,885
5.000%, 4/01/36 – NPFG Insured
250 Sacramento County Sanitation District Financing Authority, California, Revenue Bonds, Series 6/16 at 100.00 AA 264,018
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 833,638
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+ 1,004,200
Project, Series 2003, 5.625%, 7/01/43
2,225 Total Water and Sewer 2,255,741
$ 139,710 Total Investments (cost $87,786,370) – 100.9% 92,216,751
Floating Rate Obligations – (1.7)% (1,540,000)
Other Assets Less Liabilities – 0.8% 678,495
Net Assets – 100% $ 91,355,246

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management's assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of December 31, 2011:

Level 1 Level 2 Level 3 Total
Investments:
Municipal Bonds $ — $ 92,216,751 $ — $ 92,216,751

During the period ended December 31, 2011, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At December 31, 2011, the cost of investments was $86,236,256.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2011, were as follows:

Gross unrealized: — Appreciation $ 5,902,445
Depreciation (1,466,400 )
Net unrealized appreciation (depreciation) of investments $ 4,436,045
(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 February 29, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title) /s/ Gifford R. Zimmerman

Gifford R. Zimmerman

Chief Administrative Officer (principal executive officer)

Date February 29, 2012

By (Signature and Title) /s/ Stephen D. Foy

Stephen D. Foy

Vice President and Controller (principal financial officer)

Date February 29, 2012

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