Investment Company Act file number 811-7056
Nuveen Select Maturities Municipal Fund
(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: 6/30/09
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 Maturities Municipal Fund (NIM) | ||||||||
June 30, 2009 | ||||||||
Principal | Optional Call | |||||||
Amount (000) | Description (1) | Provisions (2) | Ratings (3) | Value | ||||
| ||||||||
Alabama 2.3% | ||||||||
$ 2,000 | Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2001, 5.750%, 12/01/17 | 12/11 at 101.00 | A | $ | 1,881,560 | |||
500 | Jefferson County, Alabama, Sewer Revenue Refunding Warrants, Series 2003B, 5.250%, 2/01/12 | 2/10 at 100.00 | AAA | 458,515 | ||||
FSA Insured | ||||||||
500 | Marshall County Healthcare Authority, Alabama, Revenue Bonds, Series 2002A, 6.250%, 1/01/22 | 1/12 at 101.00 | A | 505,305 | ||||
| ||||||||
3,000 | Total Alabama | 2,845,380 | ||||||
| ||||||||
Arizona 1.0% | ||||||||
80 | Phoenix Industrial Development Authority, Arizona, Statewide Single Family Mortgage Revenue | 9/09 at 100.50 | AAA | 80,272 | ||||
Bonds, Series 1998C, 6.650%, 10/01/29 (Alternative Minimum Tax) | ||||||||
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007: | ||||||||
100 | 5.000%, 12/01/17 | No Opt. Call | A | 88,640 | ||||
85 | 5.250%, 12/01/19 | No Opt. Call | A | 74,907 | ||||
35 | 5.000%, 12/01/32 | No Opt. Call | A | 26,601 | ||||
380 | 5.000%, 12/01/37 | No Opt. Call | A | 283,427 | ||||
750 | Surprise Municipal Property Corporation, Arizona, Wastewater System Revenue Bonds, Series | 4/11 at 100.00 | N/R | 651,000 | ||||
2007, 4.500%, 4/01/17 | ||||||||
| ||||||||
1,430 | Total Arizona | 1,204,847 | ||||||
| ||||||||
Arkansas 4.2% | ||||||||
1,000 | Fort Smith, Arkansas, Water and Sewer Revenue Refunding and Construction Bonds, Series 2002A, | 10/11 at 100.00 | AAA | 1,094,540 | ||||
5.250%, 10/01/17 (Pre-refunded 10/01/11) FSA Insured | ||||||||
1,500 | Jefferson County, Arkansas, Pollution Control Revenue Bonds, Entergy Arkansas Inc. Project, | 6/11 at 100.00 | A | 1,479,645 | ||||
Series 2006, 4.600%, 10/01/17 | ||||||||
1,000 | Jonesboro, Arkansas, Industrial Development Revenue Bonds, Anheuser Busch Inc. Project, Series | No Opt. Call | BBB+ | 1,071,490 | ||||
2002, 4.600%, 11/15/12 | ||||||||
1,380 | North Little Rock, Arkansas, Electric Revenue Refunding Bonds, Series 1992A, 6.500%, 7/01/15 | No Opt. Call | AA | 1,537,886 | ||||
MBIA Insured | ||||||||
| ||||||||
4,880 | Total Arkansas | 5,183,561 | ||||||
| ||||||||
California 1.1% | ||||||||
400 | California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, | 7/15 at 100.00 | A | 394,144 | ||||
Series 2008H, 5.125%, 7/01/22 | ||||||||
255 | Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement | 6/17 at 100.00 | BBB | 211,867 | ||||
Asset-Backed Bonds, Series 2007A-1, 4.500%, 6/01/27 | ||||||||
2,000 | Palomar Pomerado Health, California, General Obligation Bonds, Election of 2004, Series 2009A, | No Opt. Call | AAA | 735,080 | ||||
0.000%, 8/01/25 AGC Insured | ||||||||
| ||||||||
2,655 | Total California | 1,341,091 | ||||||
| ||||||||
Colorado 12.8% | ||||||||
2,895 | Centennial Downs Metropolitan District, Colorado, General Obligation Bonds, Series 1999, | 12/14 at 100.00 | BBB | 3,033,265 | ||||
5.000%, 12/01/20 AMBAC Insured | ||||||||
1,200 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Douglas | 7/12 at 100.00 | BBB | 1,076,184 | ||||
County School District RE-1 DCS Montessori School, Series 2002A, 6.000%, 7/15/22 | ||||||||
1,175 | Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Classical Academy | 12/13 at 100.00 | A | 1,056,337 | ||||
Charter School, Series 2003, 4.500%, 12/01/18 SYNCORA GTY Insured | ||||||||
265 | Colorado Housing Finance Authority, Single Family Program Senior Bonds, Series 2000D-2, | 4/10 at 105.00 | AA | 279,403 | ||||
6.900%, 4/01/29 (Alternative Minimum Tax) | ||||||||
1,025 | Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2001A, | 12/11 at 100.00 | N/R (4) | 1,133,353 | ||||
6.000%, 12/01/23 (Pre-refunded 12/01/11) | ||||||||
1,465 | Denver West Metropolitan District, Colorado, General Obligation Refunding and Improvement | 12/13 at 100.00 | BBB | 1,244,298 | ||||
Bonds, Series 2003, 4.500%, 12/01/18 RAAI Insured | ||||||||
1,500 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2007C-2, 5.000%, | No Opt. Call | A | 1,505,100 | ||||
9/01/39 (Mandatory put 9/01/13) MBIA Insured | ||||||||
1,000 | E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 3/01/36 | No Opt. Call | A | 121,960 | ||||
MBIA Insured | ||||||||
15 | El Paso County, Colorado, FNMA Mortgage-Backed Single Family Revenue Refunding Bonds, Series | No Opt. Call | Aaa | 16,079 | ||||
1992A-2, 8.750%, 6/01/11 | ||||||||
1,050 | Erie, Boulder and Weld Counties, Colorado, Water Enterprise Revenue Bonds, Series 1998, | 9/09 at 100.00 | N/R | 776,328 | ||||
5.000%, 12/01/23 ACA Insured | ||||||||
70 | Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001A, | 6/11 at 102.00 | AAA | 76,435 | ||||
5.250%, 6/15/41 (Pre-refunded 6/15/11) FSA Insured | ||||||||
5,875 | Northwest Parkway Public Highway Authority, Colorado, Senior Lien Revenue Bonds, Series 2001B, | 6/11 at 38.04 | N/R (4) | 2,154,480 | ||||
0.000%, 6/15/27 (Pre-refunded 6/15/11) AMBAC Insured | ||||||||
2,845 | University of Colorado Hospital Authority, Revenue Bonds, Series 2001A, 5.600%, 11/15/21 | 11/11 at 100.00 | A3 (4) | 3,124,863 | ||||
(Pre-refunded 11/15/11) | ||||||||
| ||||||||
20,380 | Total Colorado | 15,598,085 | ||||||
| ||||||||
Connecticut 1.6% | ||||||||
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator | ||||||||
Lisbon Project, Series 1993A: | ||||||||
395 | 5.500%, 1/01/14 (Alternative Minimum Tax) | 9/09 at 100.00 | BBB | 388,143 | ||||
1,570 | 5.500%, 1/01/15 (Alternative Minimum Tax) | 9/09 at 100.00 | BBB | 1,534,016 | ||||
| ||||||||
1,965 | Total Connecticut | 1,922,159 | ||||||
| ||||||||
Florida 5.7% | ||||||||
2,400 | Deltona, Florida, Utility Systems Water and Sewer Revenue Bonds, Series 2003, 5.250%, 10/01/17 | 10/13 at 100.00 | A | 2,418,600 | ||||
MBIA Insured | ||||||||
1,000 | Florida Citizens Property Insurance Corporation, High Risk Account Revenue Bonds, Series | No Opt. Call | A+ | 993,940 | ||||
2007A, 5.000%, 3/01/15 MBIA Insured | ||||||||
600 | Florida Deparmtent of Environmental Protection, Florida Forever Revenue Bonds, Series 2007B, | 7/17 at 101.00 | AA | 615,528 | ||||
5.000%, 7/01/19 MBIA Insured | ||||||||
45 | JEA, Florida, Electric Revenue Certificates, Series 1973-2, 6.800%, 7/01/12 (ETM) | No Opt. Call | AAA | 48,630 | ||||
2,000 | Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2005, 5.000%, 10/01/22 | 10/15 at 100.00 | A+ | 2,016,620 | ||||
AMBAC Insured | ||||||||
295 | Port Everglades Authority, Florida, Port Facilities Revenue Bonds, Series 1986, 7.125%, | No Opt. Call | AAA | 345,740 | ||||
11/01/16 (ETM) | ||||||||
500 | South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System | 8/17 at 100.00 | AA | 480,945 | ||||
Obligation Group, Series 2007, 5.000%, 8/15/27 | ||||||||
| ||||||||
6,840 | Total Florida | 6,920,003 | ||||||
| ||||||||
Georgia 0.4% | ||||||||
425 | Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 1995, 5.200%, | 8/22 at 100.00 | A (4) | 472,286 | ||||
8/01/25 (Pre-refunded 8/01/22) MBIA Insured | ||||||||
| ||||||||
Idaho 0.1% | ||||||||
100 | Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial | 9/16 at 100.00 | BBB | 72,313 | ||||
Hospital, Series 2006, 5.250%, 9/01/37 | ||||||||
| ||||||||
Illinois 14.8% | ||||||||
635 | Chicago, Illinois, Tax Increment Allocation Bonds, Irving/Cicero Redevelopment Project, Series | 7/09 at 100.00 | N/R | 634,397 | ||||
1998, 7.000%, 1/01/14 | ||||||||
1,500 | Cook County Township High School District 208, Illinois, General Obligation Bonds, Series | 12/15 at 100.00 | A1 | 1,570,815 | ||||
2006, 5.000%, 12/01/21 MBIA Insured | ||||||||
2,000 | Huntley, Illinois, Special Service Area 9, Special Tax Bonds, Series 2007, 5.100%, 3/01/28 | 3/17 at 100.00 | AAA | 1,990,320 | ||||
AGC Insured | ||||||||
4,820 | Illinois Development Finance Authority, GNMA Collateralized Mortgage Revenue Bonds, Greek | 4/11 at 105.00 | Aaa | 5,475,131 | ||||
American Nursing Home Committee, Series 2000A, 7.600%, 4/20/40 | ||||||||
2,000 | Illinois Development Finance Authority, Revenue Refunding Bonds, Olin Corporation, Series | 4/10 at 102.00 | Baa3 | 1,860,220 | ||||
1993D, 6.750%, 3/01/16 | ||||||||
2,000 | Illinois Educational Facilities Authority, Revenue Bonds, Art Institute of Chicago, Series | 3/14 at 102.00 | N/R | 2,104,320 | ||||
2000, 4.450%, 3/01/34 (Mandatory put 3/01/15) | ||||||||
1,000 | Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational Advancement | 5/12 at 101.00 | Aaa | 1,156,050 | ||||
Foundation Fund, University Center Project, Series 2002, 6.625%, 5/01/17 (Pre-refunded 5/01/12) | ||||||||
250 | Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.250%, 4/01/22 | 4/17 at 100.00 | Baa1 | 231,120 | ||||
25 | Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2000, | 5/10 at 101.00 | Aaa | 26,503 | ||||
6.350%, 5/15/15 (Pre-refunded 5/15/10) | ||||||||
20 | Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002, | No Opt. Call | Baa3 (4) | 22,123 | ||||
5.250%, 5/15/12 (ETM) | ||||||||
70 | Illinois Health Facilities Authority, Revenue Bonds, Lutheran General Health System, Series | No Opt. Call | AAA | 75,075 | ||||
1993A, 6.125%, 4/01/12 FSA Insured (ETM) | ||||||||
695 | Illinois Health Facilities Authority, Revenue Bonds, Silver Cross Hospital and Medical | 8/09 at 101.00 | BBB | 661,272 | ||||
Centers, Series 1999, 5.500%, 8/15/19 | ||||||||
515 | Illinois Health Facilities Authority, Revenue Bonds, Silver Cross Hospital and Medical | 8/09 at 101.00 | BBB (4) | 523,219 | ||||
Centers, Series 1999, 5.500%, 8/15/19 (Pre-refunded 8/15/09) | ||||||||
1,355 | Kane & DeKalb Counties, Illinois, Community United School District 301, General Obligation | No Opt. Call | A3 | 886,035 | ||||
Bonds, Series 2006, 0.000%, 12/01/18 MBIA Insured | ||||||||
700 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, | No Opt. Call | AA+ | 876,421 | ||||
Illinois, General Obligation Bonds, Series 1994D, 7.750%, 6/01/19 FGIC Insured | ||||||||
| ||||||||
17,585 | Total Illinois | 18,093,021 | ||||||
| ||||||||
Indiana 0.2% | ||||||||
250 | Jasper County, Indiana, Pollution Control Revenue Refunding Bonds, Northern Indiana Public | No Opt. Call | AA | 249,148 | ||||
Service Company Project, Series 1994A Remarketed, 5.850%, 4/01/19 MBIA Insured | ||||||||
| ||||||||
Iowa 2.3% | ||||||||
1,000 | Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Medical Center, Series 2000, | 7/10 at 100.00 | A1 | 1,001,630 | ||||
6.250%, 7/01/25 | ||||||||
1,725 | Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series | 6/11 at 101.00 | AAA | 1,847,906 | ||||
2001B, 5.300%, 6/01/25 (Pre-refunded 6/01/11) | ||||||||
| ||||||||
2,725 | Total Iowa | 2,849,536 | ||||||
| ||||||||
Kansas 3.1% | ||||||||
3,500 | Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi | 11/11 at 101.00 | A+ | 3,512,668 | ||||
Health System Inc., Series 2001-III, 5.500%, 11/15/21 | ||||||||
250 | Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds, | 12/15 at 100.00 | N/R | 234,848 | ||||
Redevelopment Project Area B, Series 2005, 5.000%, 12/01/20 | ||||||||
| ||||||||
3,750 | Total Kansas | 3,747,516 | ||||||
| ||||||||
Kentucky 1.2% | ||||||||
325 | Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, | 6/18 at 100.00 | AAA | 336,206 | ||||
Louisville Arena Authority, Inc., Series 2008A-1, 5.750%, 12/01/28 AGC Insured | ||||||||
1,205 | Kentucky Housing Corporation, Housing Revenue Bonds, Series 2005G, 5.000%, 7/01/30 | 1/15 at 100.60 | AAA | 1,142,714 | ||||
(Alternative Minimum Tax) | ||||||||
| ||||||||
1,530 | Total Kentucky | 1,478,920 | ||||||
| ||||||||
Louisiana 1.2% | ||||||||
1,010 | Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series | 7/14 at 100.00 | A | 1,025,514 | ||||
2004, 5.250%, 7/01/24 MBIA Insured | ||||||||
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, | ||||||||
Series 2001B: | ||||||||
300 | 5.500%, 5/15/30 | 5/11 at 101.00 | BBB | 288,744 | ||||
200 | 5.875%, 5/15/39 | 5/11 at 101.00 | BBB | 157,538 | ||||
| ||||||||
1,510 | Total Louisiana | 1,471,796 | ||||||
| ||||||||
Maryland 0.8% | ||||||||
1,100 | Maryland Energy Financing Administration, Revenue Bonds, AES Warrior Run Project, Series 1995, | 9/09 at 100.00 | N/R | 988,515 | ||||
7.400%, 9/01/19 (Alternative Minimum Tax) | ||||||||
| ||||||||
Massachusetts 1.7% | ||||||||
500 | Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Series 2007, | 10/17 at 100.00 | N/R | 377,920 | ||||
5.000%, 10/01/19 | ||||||||
1,445 | Massachusetts Housing Finance Agency, Rental Housing Mortgage Revenue Bonds, Series 2000H, | 7/10 at 100.00 | A | 1,457,254 | ||||
6.650%, 7/01/41 MBIA Insured (Alternative Minimum Tax) | ||||||||
Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc., Series 2001A: | ||||||||
100 | 5.200%, 1/01/20 AMBAC Insured (Alternative Minimum Tax) | 1/11 at 101.00 | BBB | 64,813 | ||||
435 | 5.000%, 1/01/27 AMBAC Insured (Alternative Minimum Tax) | 1/11 at 101.00 | BBB | 232,934 | ||||
| ||||||||
2,480 | Total Massachusetts | 2,132,921 | ||||||
| ||||||||
Michigan 1.7% | ||||||||
1,000 | Cornell Township Economic Development Corporation, Michigan, Environmental Improvement Revenue | 5/12 at 100.00 | AAA | 1,117,010 | ||||
Refunding Bonds, MeadWestvaco Corporation-Escanaba Project, Series 2002, 5.875%, 5/01/18 | ||||||||
(Pre-refunded 5/01/12) | ||||||||
525 | Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Sinai Hospital, | 7/09 at 100.00 | BB | 473,051 | ||||
Series 1995, 6.625%, 1/01/16 | ||||||||
470 | Michigan State Hospital Finance Authority, Revenue Refunding Bonds, Detroit Medical Center, | 9/09 at 100.00 | BB | 469,676 | ||||
Series 1988A, 8.125%, 8/15/12 | ||||||||
| ||||||||
1,995 | Total Michigan | 2,059,737 | ||||||
| ||||||||
Minnesota 1.8% | ||||||||
1,100 | Becker, Minnesota, Pollution Control Revenue Bonds, Northern States Power Company, Series | 8/12 at 101.00 | A | 1,237,995 | ||||
1993A, 8.500%, 9/01/19 | ||||||||
250 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series | No Opt. Call | AAA | 268,753 | ||||
2009A, 5.000%, 1/01/15 AGC Insured | ||||||||
640 | White Earth Band of Chippewa Indians, Minnesota, Revenue Bonds, Series 2000A, 7.000%, 12/01/11 | No Opt. Call | N/R | 660,806 | ||||
ACA Insured | ||||||||
| ||||||||
1,990 | Total Minnesota | 2,167,554 | ||||||
| ||||||||
Mississippi 0.8% | ||||||||
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial | ||||||||
Healthcare, Series 2004B-1: | ||||||||
485 | 5.000%, 9/01/16 | No Opt. Call | AA | 502,538 | ||||
300 | 5.000%, 9/01/24 | 9/14 at 100.00 | AA | 299,664 | ||||
250 | Warren County, Mississippi, Gulf Opportunity Zone Revenue Bonds, International Paper Company, | 8/11 at 100.00 | BBB | 182,075 | ||||
Series 2006A, 4.800%, 8/01/30 | ||||||||
| ||||||||
1,035 | Total Mississippi | 984,277 | ||||||
| ||||||||
Montana 0.1% | ||||||||
60 | University of Montana, Revenue Bonds, Series 1996D, 5.375%, 5/15/19 MBIA Insured (ETM) | 9/09 at 100.00 | A (4) | 68,638 | ||||
| ||||||||
Nebraska 0.9% | ||||||||
1,000 | Dodge County School District 1, Nebraska, Fremont Public Schools, General Obligation Bonds, | 12/14 at 100.00 | Aa3 | 1,059,090 | ||||
Series 2004, 5.000%, 12/15/19 FSA Insured | ||||||||
30 | NebHelp Inc., Nebraska, Senior Subordinate Bonds, Student Loan Program, Series 1993A-5B, | No Opt. Call | Aa2 | 31,406 | ||||
6.250%, 6/01/18 MBIA Insured (Alternative Minimum Tax) | ||||||||
| ||||||||
1,030 | Total Nebraska | 1,090,496 | ||||||
| ||||||||
Nevada 0.4% | ||||||||
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas | ||||||||
Monorail Project, First Tier, Series 2000: | ||||||||
800 | 0.000%, 1/01/15 AMBAC Insured | No Opt. Call | Caa2 | 188,296 | ||||
35 | 0.000%, 1/01/16 AMBAC Insured | No Opt. Call | Caa2 | 7,501 | ||||
120 | 0.000%, 1/01/18 AMBAC Insured | No Opt. Call | Caa2 | 21,953 | ||||
50 | 0.000%, 1/01/20 AMBAC Insured | No Opt. Call | Caa2 | 8,104 | ||||
250 | Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A, | 6/19 at 100.00 | A | 262,943 | ||||
8.000%, 6/15/30 | ||||||||
| ||||||||
1,255 | Total Nevada | 488,797 | ||||||
| ||||||||
New Jersey 0.5% | ||||||||
455 | Bayonne Redevelopment Agency, New Jersey, Revenue Bonds, Royal Caribbean Cruises Project, | No Opt. Call | BB | 277,828 | ||||
Series 2006A, 4.750%, 11/01/16 (Alternative Minimum Tax) | ||||||||
445 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, | 6/17 at 100.00 | BBB | 376,599 | ||||
Series 2007-1A, 4.500%, 6/01/23 | ||||||||
| ||||||||
900 | Total New Jersey | 654,427 | ||||||
| ||||||||
New York 6.1% | ||||||||
1,000 | Dormitory Authority of the State of New York, Revenue Bonds, Brooklyn Law School, Series | 7/13 at 100.00 | BBB+ | 1,037,370 | ||||
2003A, 5.500%, 7/01/15 RAAI Insured | ||||||||
240 | New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special | No Opt. Call | N/R | 220,056 | ||||
Needs Facilities Pooled Program, Series 2008A-1, 5.700%, 7/01/13 | ||||||||
1,500 | New York State Energy Research and Development Authority, Facilities Revenue Bonds, Consolidated | 9/09 at 100.00 | A | 1,500,435 | ||||
Edison Company Inc., Series 2001A, 4.700%, 6/01/36 (Mandatory put 10/01/12) (Alternative | ||||||||
Minimum Tax) | ||||||||
145 | New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and | 6/13 at 100.00 | AA | 146,644 | ||||
State Contingency Contract-Backed Bonds, Series 2003A-1, 5.250%, 6/01/20 AMBAC Insured | ||||||||
4,300 | Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air | No Opt. Call | A | 4,506,484 | ||||
Terminal LLC, Sixth Series 1997, 7.000%, 12/01/12 MBIA Insured (Alternative Minimum Tax) | ||||||||
| ||||||||
7,185 | Total New York | 7,410,989 | ||||||
| ||||||||
North Carolina 1.6% | ||||||||
1,880 | Union County, North Carolina, Certificates of Participation, Series 2003, 5.000%, 6/01/18 | 6/13 at 101.00 | AA | 1,966,405 | ||||
AMBAC Insured | ||||||||
| ||||||||
Ohio 1.4% | ||||||||
775 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue | 6/17 at 100.00 | BBB | 626,301 | ||||
Bonds, Senior Lien, Series 2007A-2, 5.125%, 6/01/24 | ||||||||
1,000 | Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B, | No Opt. Call | A | 1,034,900 | ||||
4.500%, 12/01/15 | ||||||||
| ||||||||
1,775 | Total Ohio | 1,661,201 | ||||||
| ||||||||
Pennsylvania 7.4% | ||||||||
400 | Pennsylvania Economic Development Financing Authority, Pollution Control Revenue Bonds, PPL | No Opt. Call | A | 406,256 | ||||
Electric Utilities Corporation, Refunding Series 2008, 4.850%, 10/01/23 (Mandatory put 10/01/10) | ||||||||
895 | Pennsylvania Higher Educational Facilities Authority, College Revenue Bonds, Ninth Series | No Opt. Call | Aaa | 1,035,103 | ||||
1976, 7.625%, 7/01/15 (ETM) | ||||||||
225 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Arts, | 9/09 at 100.00 | BBB (4) | 233,658 | ||||
Series 1999, 5.150%, 3/15/20 RAAI Insured (ETM) | ||||||||
4,120 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Eighteenth Series 2004, 5.000%, 8/01/15 | 8/14 at 100.00 | BBB | 4,094,866 | ||||
AMBAC Insured | ||||||||
1,535 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20 | No Opt. Call | Aaa | 1,878,103 | ||||
MBIA Insured (ETM) | ||||||||
250 | Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital | 9/09 at 100.00 | BBB | 242,663 | ||||
Revenue Bonds, Temple University Hospital, Series 1993A, 6.625%, 11/15/23 | ||||||||
1,085 | Pittsburgh School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series | No Opt. Call | A1 | 1,169,532 | ||||
2006B, 5.000%, 9/01/12 AMBAC Insured | ||||||||
| ||||||||
8,510 | Total Pennsylvania | 9,060,181 | ||||||
| ||||||||
Puerto Rico 0.5% | ||||||||
1,000 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series | 8/26 at 100.00 | A+ | 631,000 | ||||
2009A, 0.000%, 8/01/32 | ||||||||
| ||||||||
Rhode Island 0.5% | ||||||||
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, | ||||||||
Series 2002A: | ||||||||
110 | 6.125%, 6/01/32 | 6/12 at 100.00 | BBB | 90,965 | ||||
670 | 6.250%, 6/01/42 | 6/12 at 100.00 | BBB | 520,081 | ||||
| ||||||||
780 | Total Rhode Island | 611,046 | ||||||
| ||||||||
South Carolina 6.0% | ||||||||
750 | Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing | 12/13 at 100.00 | A | 766,530 | ||||
Assets for Education, Series 2003, 5.250%, 12/01/19 | ||||||||
1,540 | Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%, | No Opt. Call | Baa1 (4) | 1,988,587 | ||||
1/01/19 FGIC Insured (ETM) | ||||||||
2,835 | Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%, | No Opt. Call | Baa1 | 3,273,487 | ||||
1/01/19 FGIC Insured | ||||||||
5 | South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon | 11/12 at 100.00 | A3 (4) | 5,683 | ||||
Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12) | ||||||||
20 | South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon | 11/12 at 100.00 | A | 18,513 | ||||
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30 | ||||||||
865 | South Carolina JOBS Economic Development Authority, Hospital Revenue Bonds, Palmetto Health | No Opt. Call | Baa2 (4) | 909,842 | ||||
Alliance, Series 2000A, 7.000%, 12/15/10 (ETM) | ||||||||
325 | Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement | 5/11 at 101.00 | BBB (4) | 342,602 | ||||
Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/11) | ||||||||
| ||||||||
6,340 | Total South Carolina | 7,305,244 | ||||||
| ||||||||
South Dakota 0.8% | ||||||||
1,000 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, | 5/17 at 100.00 | AA | 937,140 | ||||
Series 2007, 5.000%, 11/01/27 | ||||||||
| ||||||||
Tennessee 2.2% | ||||||||
Shelby County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue | ||||||||
Bonds, Methodist Healthcare, Series 2002: | ||||||||
750 | 6.000%, 9/01/17 (Pre-refunded 9/01/12) | 9/12 at 100.00 | N/R (4) | 851,198 | ||||
1,250 | 6.000%, 9/01/17 (Pre-refunded 9/01/12) | 9/12 at 100.00 | N/R (4) | 1,418,663 | ||||
400 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.000%, 9/01/13 | No Opt. Call | BBB | 395,284 | ||||
| ||||||||
2,400 | Total Tennessee | 2,665,145 | ||||||
| ||||||||
Texas 6.6% | ||||||||
1,055 | Austin, Texas, General Obligation Bonds, Series 2004, 5.000%, 9/01/20 MBIA Insured | 9/14 at 100.00 | AAA | 1,103,266 | ||||
565 | Bexar County Housing Finance Corporation, Texas, FNMA Guaranteed Multifamily Housing Revenue | No Opt. Call | AAA | 579,984 | ||||
Bonds, Villas Sonterra Apartments Project, Series 2007A, 4.700%, 10/01/15 (Alternative | ||||||||
Minimum Tax) | ||||||||
25 | Brazos River Authority, Texas, Collateralized Pollution Control Revenue Bonds, Texas Utilities | No Opt. Call | CCC | 13,866 | ||||
Electric Company, Series 2003D, 5.400%, 10/01/29 (Mandatory put 10/01/14) | ||||||||
2,000 | Brazos River Authority, Texas, Collateralized Revenue Refunding Bonds, CenterPoint Energy | 6/14 at 100.00 | BBB+ | 1,798,060 | ||||
Inc., Series 2004B, 4.250%, 12/01/17 FGIC Insured | ||||||||
500 | Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric | No Opt. Call | CCC | 384,330 | ||||
Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax) | ||||||||
15 | Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company | No Opt. Call | CCC | 9,696 | ||||
LLC, Series 2003A, 6.750%, 4/01/38 (Mandatory put 4/01/13) (Alternative Minimum Tax) | ||||||||
1,875 | Denton Independent School District, Denton County, Texas, General Obligation Bonds, Series | 8/16 at 100.00 | AAA | 2,031,244 | ||||
2006, 5.000%, 8/15/20 | ||||||||
20 | Galveston Property Finance Authority Inc., Texas, Single Family Mortgage Revenue Bonds, Series | 9/09 at 100.00 | Caa1 | 19,698 | ||||
1991A, 8.500%, 9/01/11 | ||||||||
300 | Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson | No Opt. Call | BBB | 256,629 | ||||
Memorial Hospital Project, Series 2005, 5.125%, 8/15/26 | ||||||||
325 | North Texas Thruway Authority, Second Tier System Revenue Refunding Bonds, Series 2008, | 1/18 at 100.00 | A3 | 312,683 | ||||
5.750%, 1/01/38 | ||||||||
25 | Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC | No Opt. Call | CCC | 19,217 | ||||
Project, Series 2001B, 5.750%, 5/01/30 (Mandatory put 11/01/11) (Alternative Minimum Tax) | ||||||||
1,500 | Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Series | 9/09 at 100.00 | A | 1,126,500 | ||||
2006B, 1.887%, 12/15/17 | ||||||||
270 | Tri-County Mental Health and Retardation Center, Texas, Revenue Bonds, Facilities Acquisition | 9/09 at 100.00 | AAA | 271,909 | ||||
Program, Series 1995E, 6.500%, 3/01/15 FSA Insured | ||||||||
160 | Weslaco Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Knapp | 6/12 at 100.00 | BBB+ (4) | 172,758 | ||||
Medical Center, Series 2002, 6.000%, 6/01/17 (Pre-refunded 6/01/12) | ||||||||
| ||||||||
8,635 | Total Texas | 8,099,840 | ||||||
| ||||||||
Utah 0.5% | ||||||||
680 | Bountiful, Davis County, Utah, Hospital Revenue Refunding Bonds, South Davis Community | No Opt. Call | N/R | 667,175 | ||||
Hospital Project, Series 1998, 6.000%, 12/15/10 | ||||||||
| ||||||||
Virginia 0.2% | ||||||||
250 | Virginia College Building Authority, Educational Facilities Revenue Refunding Bonds, Marymount | 7/09 at 100.50 | BBB | 237,693 | ||||
University, Series 1998, 5.100%, 7/01/18 RAAI Insured | ||||||||
| ||||||||
Washington 0.3% | ||||||||
295 | Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 3, Series | No Opt. Call | Aaa | 366,290 | ||||
1989B, 7.125%, 7/01/16 MBIA Insured | ||||||||
25 | Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, | 6/13 at 100.00 | BBB | 24,796 | ||||
Series 2002, 6.500%, 6/01/26 | ||||||||
| ||||||||
320 | Total Washington | 391,086 | ||||||
| ||||||||
Wisconsin 3.9% | ||||||||
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed | ||||||||
Bonds, Series 2002: | ||||||||
570 | 6.125%, 6/01/27 (Pre-refunded 6/01/12) | 6/12 at 100.00 | AAA | 619,619 | ||||
1,480 | 6.375%, 6/01/32 (Pre-refunded 6/01/12) | 6/12 at 100.00 | AAA | 1,656,668 | ||||
1,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare | 7/11 at 100.00 | A | 1,012,000 | ||||
Inc., Series 2001, 6.000%, 7/01/21 | ||||||||
1,150 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care Inc., | 2/10 at 100.00 | BBB+ | 1,111,337 | ||||
Series 1999A, 5.500%, 2/15/20 ACA Insured | ||||||||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan | ||||||||
Healthcare System, Series 2006: | ||||||||
200 | 5.250%, 8/15/18 | 8/16 at 100.00 | BBB+ | 184,272 | ||||
180 | 5.250%, 8/15/34 | 8/16 at 100.00 | BBB+ | 134,312 | ||||
| ||||||||
4,580 | Total Wisconsin | 4,718,208 | ||||||
| ||||||||
$ 126,205 | Total Investments (cost $121,414,876) 98.7% | 120,447,377 | ||||||
|
| |||||||
Other Assets Less Liabilities 1.3% | 1,541,940 | |||||||
| ||||||||
Net Assets 100% | $ | 121,989,317 | ||||||
|
Fair Value Measurements
In determining the value of the Funds investments various inputs are used. These inputs are summarized in the three broad levels listed below:
Level 1 Quoted prices in active markets for identical securities.
Level 2 Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 Significant unobservable inputs (including managements assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Funds fair value measurements as of June 30, 2009:
Level 1 | Level 2 | Level 3 | Total | |||||
| ||||||||
Investments: | ||||||||
Municipal Bonds | $ | $120,447,377 | $ | $120,447,377 | ||||
|
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), 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, 2009, the cost of investments was $121,336,086.
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2009, were as follows:
| ||
Gross unrealized: | ||
Appreciation | $ 3,578,631 | |
Depreciation | (4,467,340) | |
| ||
Net unrealized appreciation (depreciation) of investments | $ (888,709) | |
|
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. | |
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities | ||
may be subject to periodic principal paydowns. | ||
(3) | Ratings: Using the higher of Standard & Poors Group (Standard & Poors) or Moodys Investor Service, | |
Inc. (Moodys) rating. Ratings below BBB by Standard & Poors or Baa by Moodys are considered to be | ||
below investment grade. | ||
(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. | ||
N/R | Not rated. | |
(ETM) | Escrowed to maturity. |
Item 2. Controls and Procedures.
Item 3. Exhibits.
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Select Maturities Municipal Fund
By (Signature and Title)
/s/ Kevin J.
McCarthy
Kevin
J.
McCarthy
Vice President and Secretary
Date August 28, 2009
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 28, 2009
By (Signature and Title)
/s/ Stephen D.
Foy
Stephen
D.
Foy
Vice President and Controller (principal financial officer)
Date August 28, 2009