Investment Company Act file number 811-6624
Nuveen New York Select Tax-Free Income Portfolio
(Exact name of registrant as specified in charter)
333 West Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip code)
Jessica R. DroegerVice 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: 03/31
Date of reporting period: 06/30/05
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 New York Select Tax-Free Income Portfolio (NXN) | ||||||||||
June 30, 2005 | ||||||||||
Principal | Optional Call | Market | ||||||||
Amount (000) | Description | Provisions* | Ratings** | Value | ||||||
|
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Consumer Staples - 2.0% | ||||||||||
$ 1,080 | TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24 | 7/12 at 100.00 | BBB | $ 1,129,950 | ||||||
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Education and Civic Organizations - 9.9% | ||||||||||
1,700 | Amherst Industrial Development Agency, New York, Revenue Bonds, UBF Faculty/Student Housing | 8/12 at 101.00 | AAA | 1,849,379 | ||||||
Corporation, University of Buffalo Creekside Project, Series 2002A, 5.000%, 8/01/22 - AMBAC | ||||||||||
Insured | ||||||||||
100 | New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St. Francis | 10/14 at 100.00 | A- | 104,940 | ||||||
College, Series 2004, 5.000%, 10/01/34 | ||||||||||
500 | New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of | 2/11 at 100.00 | A- | 526,010 | ||||||
Greater New York, Series 2002, 5.250%, 8/01/21 | ||||||||||
570 | Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue Bonds, | No Opt. Call | AAA | 637,192 | ||||||
City University System, Series 1990C, 7.500%, 7/01/10 - FGIC Insured | ||||||||||
1,425 | Dormitory Authority of the State of New York, Insured Revenue Bonds, Rochester Institute of | 7/07 at 101.00 | AAA | 1,494,041 | ||||||
Technology, Series 1997, 5.250%, 7/01/22 - MBIA Insured | ||||||||||
785 | Dormitory Authority of the State of New York, Insured Revenue Bonds, Iona College, Series 2002, | 7/12 at 100.00 | AAA | 829,831 | ||||||
5.000%, 7/01/22 - XLCA Insured | ||||||||||
200 | Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities | 2/09 at 101.00 | BBB | 207,972 | ||||||
Financing Authority, Higher Education Revenue Bonds, Ana G. Mendez University System, Series 1999, | ||||||||||
5.375%, 2/01/19 | ||||||||||
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Healthcare - 11.4% | ||||||||||
750 | New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series | 2/13 at 100.00 | AAA | 825,023 | ||||||
2003A, 5.250%, 2/15/21 - AMBAC Insured | ||||||||||
250 | New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten Island | 7/12 at 101.00 | B2 | 256,340 | ||||||
University Hospital, Series 2002C, 6.450%, 7/01/32 | ||||||||||
250 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore | 2/15 at 100.00 | AAA | 267,985 | ||||||
Hospital, Series 2004, 5.000%, 8/01/29 - FGIC Insured | ||||||||||
415 | Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, | 8/14 at 100.00 | AAA | 464,074 | ||||||
Series 2004A, 5.250%, 8/15/15 - FSA Insured | ||||||||||
500 | Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University | 7/13 at 100.00 | Baa1 | 529,670 | ||||||
Hospital Association, Series 2003A, 5.500%, 7/01/32 | ||||||||||
670 | Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer | 7/13 at 100.00 | AAA | 723,211 | ||||||
Center, Series 2003-1, 5.000%, 7/01/21 - MBIA Insured | ||||||||||
250 | Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish Group, | 5/13 at 100.00 | A3 | 266,420 | ||||||
Series 2003, 5.375%, 5/01/23 | ||||||||||
1,680 | Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University | 7/11 at 101.00 | AAA | 1,837,718 | ||||||
Health System Obligated Group, Series 2001A, 5.250%, 7/01/17 - AMBAC Insured | ||||||||||
1,195 | Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University | 7/11 at 101.00 | AAA | 1,307,187 | ||||||
Health System Obligated Group, Series 2001B, 5.250%, 7/01/17 - AMBAC Insured | ||||||||||
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Housing/Multifamily - 5.1% | ||||||||||
1,000 | East Rochester Housing Authority, New York, Revenue Bonds, GNMA/FHA Secured Revenue Bonds, St. | 12/12 at 103.00 | AAA | 1,087,230 | ||||||
Mary's Residence Project, Series 2002A, 5.375%, 12/20/22 | ||||||||||
1,000 | New Hartford-Sunset Woods Funding Corporation, New York, FHA-Insured Mortgage Revenue Bonds, Sunset | 8/12 at 101.00 | AAA | 1,071,290 | ||||||
Woods Apartments II Project, Series 2002, 5.350%, 2/01/20 | ||||||||||
775 | New York State Housing Finance Agency, FHA-Insured Mortgage Multifamily Housing Revenue Bonds, | 8/05 at 100.00 | AAA | 776,318 | ||||||
Series 1992C, 6.450%, 8/15/14 - MBIA Insured | ||||||||||
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Housing/Single Family - 8.1% | ||||||||||
2,500 | New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%, 10/01/31 | 4/11 at 100.00 | Aaa | 2,572,500 | ||||||
(Alternative Minimum Tax) | ||||||||||
2,000 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 101, 5.000%, 10/01/18 | 10/11 at 100.00 | Aa1 | 2,053,280 | ||||||
(Alternative Minimum Tax) | ||||||||||
|
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Long-Term Care - 9.3% | ||||||||||
2,000 | East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds, Jewish | 8/12 at 101.00 | AAA | 2,110,940 | ||||||
Home of Rochester, Series 2002, 4.625%, 2/15/17 | ||||||||||
1,000 | New York City Industrial Development Agency, New York, GNMA Collateralized Mortgage Revenue Bonds, | 11/12 at 101.00 | AA+ | 1,047,190 | ||||||
Eger Harbor House Inc. Project, Series 2002A, 4.950%, 11/20/32 | ||||||||||
2,000 | Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds, | 8/11 at 101.00 | AAA | 2,126,660 | ||||||
Norwegian Christian Home and Health Center, Series 2001, 5.200%, 8/01/36 - MBIA Insured | ||||||||||
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Tax Obligation/General - 6.1% | ||||||||||
Clarkstown, Rickland County, New York, Various Purposes Serial Bonds, Series 1992: | ||||||||||
505 | 5.600%, 6/15/10 - AMBAC Insured | No Opt. Call | AAA | 563,540 | ||||||
525 | 5.600%, 6/15/11 - AMBAC Insured | No Opt. Call | AAA | 593,397 | ||||||
525 | 5.600%, 6/15/12 - AMBAC Insured | No Opt. Call | AAA | 602,962 | ||||||
750 | New York City, New York, General Obligation Bonds, Fiscal Series 2004I, 5.000%, 8/01/17 - MBIA | 8/14 at 100.00 | AAA | 824,933 | ||||||
Insured | ||||||||||
225 | New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15 | 8/14 at 100.00 | A+ | 249,917 | ||||||
300 | New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16 | 8/14 at 100.00 | A+ | 331,923 | ||||||
285 | West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds, Series | No Opt. Call | Aaa | 318,884 | ||||||
2005, 5.000%, 10/01/14 - FSA Insured | ||||||||||
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Tax Obligation/Limited - 15.2% | ||||||||||
600 | Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.000%, 11/01/23 | 11/13 at 100.00 | AAA | 649,794 | ||||||
500 | Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City | 5/14 at 100.00 | AAA | 575,610 | ||||||
School District, Series 2004, 5.750%, 5/01/26 - FSA Insured | ||||||||||
500 | Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series | 7/12 at 100.00 | AAA | 557,035 | ||||||
2002A, 5.500%, 1/01/20 - MBIA Insured | ||||||||||
95 | Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2001A-2, | 11/06 at 101.00 | AAA | 98,633 | ||||||
5.125%, 11/15/21 - AMBAC Insured | ||||||||||
670 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series | 2/13 at 100.00 | AAA | 712,766 | ||||||
2003E, 5.000%, 2/01/23 | ||||||||||
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities | ||||||||||
Improvements, Series 2005D: | ||||||||||
175 | 5.000%, 2/15/14 - FGIC Insured | No Opt. Call | AAA | 193,979 | ||||||
320 | 5.000%, 8/15/14 - FGIC Insured | No Opt. Call | AAA | 355,885 | ||||||
50 | New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 1995A, 5.125%, | 4/07 at 100.00 | AAA | 51,094 | ||||||
4/01/15 - MBIA Insured | ||||||||||
750 | New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series | 4/13 at 100.00 | AAA | 828,750 | ||||||
2003A, 5.250%, 4/01/23 - MBIA Insured | ||||||||||
250 | New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2004, | 4/14 at 100.00 | AAA | 270,308 | ||||||
5.000%, 4/01/21 - MBIA Insured | ||||||||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local | ||||||||||
Government Assistance Corporation, Series 2004A: | ||||||||||
250 | 5.000%, 10/15/25 - MBIA Insured | 10/14 at 100.00 | AAA | 269,933 | ||||||
200 | 5.000%, 10/15/26 - MBIA Insured | 10/14 at 100.00 | AAA | 216,270 | ||||||
1,225 | 5.000%, 10/15/29 - AMBAC Insured | 10/14 at 100.00 | AAA | 1,322,669 | ||||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State | ||||||||||
Contingency Contract-Backed Bonds, Series 2003A-1: | ||||||||||
1,000 | 5.250%, 6/01/20 - AMBAC Insured | 6/13 at 100.00 | AAA | 1,100,130 | ||||||
250 | 5.250%, 6/01/21 - AMBAC Insured | 6/13 at 100.00 | AAA | 274,135 | ||||||
500 | New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State | 6/13 at 100.00 | AA- | 554,580 | ||||||
Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21 | ||||||||||
75 | Triborough Bridge and Tunnel Authority, New York, Convention Center Bonds, Series 1990E, 7.250%, | No Opt. Call | AA- | 82,982 | ||||||
1/01/10 | ||||||||||
500 | Yonkers Industrial Development Agency, New York, Revenue Bonds, Community Development Properties - | 2/11 at 100.00 | BBB- | 548,200 | ||||||
Yonkers Inc. Project, Series 2001A, 6.250%, 2/01/16 | ||||||||||
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Transportation - 2.4% | ||||||||||
400 | Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25 | 7/11 at 101.00 | BBB+ | 431,352 | ||||||
500 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A, | No Opt. Call | AAA | 561,520 | ||||||
5.000%, 11/15/15 - FGIC Insured | ||||||||||
375 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B, | 11/15 at 100.00 | AAA | 404,093 | ||||||
5.000%, 11/15/35 (WI, settling 7/01/05) - MBIA Insured | ||||||||||
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U.S. Guaranteed *** - 10.6% | ||||||||||
1,365 | Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk | No Opt. Call | AAA | 1,667,075 | ||||||
County Issue, Series 1986, 7.375%, 7/01/16 | ||||||||||
1,430 | Dormitory Authority of the State of New York, Revenue Bonds, Upstate Community Colleges, Series | 7/11 at 101.00 | AA-*** | 1,591,747 | ||||||
2002A, 5.000%, 7/01/23 (Pre-refunded to 7/01/11) | ||||||||||
1,000 | New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State | 3/13 at 100.00 | AAA | 1,147,940 | ||||||
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded to 3/15/13) - FGIC Insured | ||||||||||
485 | Suffolk County Water Authority, New York, Water Revenue Bonds, Series 1986V, 6.750%, 6/01/12 | No Opt. Call | AAA | 558,798 | ||||||
1,000 | West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds, Series | 10/10 at 100.00 | Aaa | 1,096,740 | ||||||
2001, 5.000%, 10/01/17 (Pre-refunded to 10/01/10) - FSA Insured | ||||||||||
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Utilities - 7.1% | ||||||||||
2,000 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A, | 6/08 at 101.00 | AAA | 2,113,760 | ||||||
5.125%, 12/01/22 - FSA Insured | ||||||||||
1,000 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2003C, | 9/13 at 100.00 | AAA | 1,089,780 | ||||||
5.000%, 9/01/16 - CIFG Insured | ||||||||||
500 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New York | 3/08 at 101.50 | AAA | 510,625 | ||||||
State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 - MBIA Insured | ||||||||||
250 | Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue | 11/11 at 101.00 | Baa3 | 270,318 | ||||||
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Alternative | ||||||||||
Minimum Tax) (Mandatory put 11/15/12) | ||||||||||
60 | Westchester County Industrial Development Agency, Westchester County, New York, Resource Recovery | 7/07 at 101.00 | BBB | 62,359 | ||||||
Revenue Bonds, RESCO Company, Series 1996, 5.500%, 7/01/09 (Alternative Minimum Tax) | ||||||||||
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Water and Sewer - 12.3% | ||||||||||
2,500 | New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, | 6/11 at 101.00 | AA+ | 2,649,850 | ||||||
Fiscal Series 2001C, 5.125%, 6/15/33 | ||||||||||
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving | ||||||||||
Funds Revenue Bonds, New York City Municipal Water Finance Authority Loan, Series 2002B: | ||||||||||
2,000 | 5.250%, 6/15/19 | 6/12 at 100.00 | AAA | 2,213,820 | ||||||
2,000 | 5.000%, 6/15/27 | 6/12 at 100.00 | AAA | 2,126,020 | ||||||
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$ 52,485 | Total Long-Term Investments (cost $53,449,281) - 99.5% | 56,746,457 | ||||||||
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Other Assets Less Liabilities - 0.5% | 296,359 | |||||||||
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Net Assets - 100% | $57,042,816 | |||||||||
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* | 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. | ||||||||||
** | Ratings: Using the higher of Standard & Poor's or Moody's rating. | |||||||||
*** | Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency | |||||||||
securities which ensures the timely payment of principal and interest. Such securities are normally considered | ||||||||||
to be equivalent to AAA rated securities. | ||||||||||
(WI) | Security purchased on a when-issued basis. | |||||||||
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 income on taxable market | ||||||||||
discount securities and timing differences in recognizing certain gains and losses on investment transactions. | ||||||||||
At June 30, 2005, the cost of investments was $53,445,085. | ||||||||||
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2005, were as | ||||||||||
follows: | ||||||||||
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Gross unrealized: | ||||||||||
Appreciation | $3,307,323 | |||||||||
Depreciation | (5,951) | |||||||||
|
||||||||||
Net unrealized appreciation of investments | $3,301,372 | |||||||||
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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: 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 New York Select Tax-Free Income Portfolio
By (Signature and Title)* /s/ Jessica R. Droeger--Vice President and Secretary
Date 08/26/05
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--Chief Administrative Officer (principal executive officer)
Date 08/26/05
By (Signature and Title)* /s/ Stephen D. Foy--Vice President and Controller (principal financial officer)
Date 08/26/05
* Print the name and title of each signing officer under his or her signature.