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 811-7056
 
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:         12/31/10         
 
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) 
      
   
    December 31, 2010 
      
Principal 
    
Optional Call 
    
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
   
Alabama – 2.7% (2.8% of Total Investments) 
      
   
Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2001: 
      
$    2,000 
  
5.750%, 12/01/17 
12/11 at 101.00 
A– 
$   2,032,120 
200 
  
5.500%, 12/01/21 
12/11 at 101.00 
A– 
192,528 
180 
  
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health 
11/15 at 100.00 
Baa2 
156,802 
   
System Inc., Series 2005A, 5.000%, 11/15/30 
      
500 
  
Jefferson County, Alabama, Sewer Revenue Refunding Warrants, Series 2003B, 5.250%, 2/01/12 – 
2/11 at 100.00 
AA+ 
490,020 
   
AGM Insured 
      
500 
  
Marshall County Healthcare Authority, Alabama, Revenue Bonds, Series 2002A, 6.250%, 1/01/22 
1/12 at 101.00 
A– 
511,175 
3,380 
  
Total Alabama 
    
3,382,645 
   
Arizona – 1.0% (1.1% of Total Investments) 
      
   
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc 
      
   
Prepay Contract Obligations, Series 2007: 
      
100 
  
5.000%, 12/01/17 
No Opt. Call 
A 
103,698 
85 
  
5.250%, 12/01/19 
No Opt. Call 
A 
87,292 
35 
  
5.000%, 12/01/32 
No Opt. Call 
A 
30,492 
380 
  
5.000%, 12/01/37 
No Opt. Call 
A 
323,722 
750 
  
Surprise Municipal Property Corporation, Arizona, Wastewater System Revenue Bonds, Series 
4/11 at 100.00 
N/R 
751,148 
   
2007, 4.500%, 4/01/17 
      
1,350 
  
Total Arizona 
    
1,296,352 
   
Arkansas – 3.2% (3.3% of Total Investments) 
      
1,500 
  
Jefferson County, Arkansas, Pollution Control Revenue Bonds, Entergy Arkansas Inc. Project, 
6/11 at 100.00 
A– 
1,506,390 
   
Series 2006, 4.600%, 10/01/17 
      
1,000 
  
Jonesboro, Arkansas, Industrial Development Revenue Bonds, Anheuser Busch Inc. Project, Series 
No Opt. Call 
BBB+ 
1,061,600 
   
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 
Baa1 
1,507,084 
   
NPFG Insured 
      
3,880 
  
Total Arkansas 
    
4,075,074 
   
California – 2.5% (2.6% of Total Investments) 
      
400 
  
California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, 
7/15 at 100.00 
A 
412,908 
   
Series 2008H, 5.125%, 7/01/22 
      
500 
  
California State, General Obligation Bonds, Various Purpose Series 2010, 5.500%, 3/01/40 
3/20 at 100.00 
A1 
485,475 
1,000 
  
Ceres Unified School District, Stanislaus County, California, General Obligation Bonds, Series 
8/12 at 32.87 
A+ 
225,890 
   
2002B, 0.000%, 8/01/31 – FGIC Insured 
      
255 
  
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed 
6/17 at 100.00 
BBB– 
196,041 
   
Bonds, Series 2007A-1, 4.500%, 6/01/27 
      
   
Moulton Niguel Water District, California, Certificates of Participation, Refunding 
      
   
Series 2003: 
      
250 
  
5.000%, 9/01/21 – AMBAC Insured 
No Opt. Call 
AA+ 
263,613 
250 
  
5.000%, 9/01/22 – AMBAC Insured 
No Opt. Call 
AA+ 
261,235 
500 
  
5.000%, 9/01/23 – AMBAC Insured 
No Opt. Call 
AA+ 
517,865 
2,000 
  
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/25 – 
No Opt. Call 
AA+ 
815,160 
   
AGC Insured 
      
5,155 
  
Total California 
    
3,178,187 
   
Colorado – 12.0% (12.3% of Total Investments) 
      
2,895 
  
Centennial Downs Metropolitan District, Colorado, General Obligation Bonds, Series 1999, 
12/14 at 100.00 
N/R 
2,890,165 
   
5.000%, 12/01/20 – AMBAC Insured 
      
1,105 
  
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Douglas 
7/12 at 100.00 
BBB 
1,091,409 
   
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 
1,185,892 
   
Charter School, Series 2003, 4.500%, 12/01/18 – SYNCORA GTY Insured 
      
185 
  
Colorado Housing Finance Authority, Single Family Program Senior Bonds, Series 2000D-2, 
4/11 at 105.00 
AA 
196,803 
   
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) 
1,077,183 
   
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 
N/R 
1,395,427 
   
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 
Baa1 
1,582,110 
   
9/01/39 (Mandatory put 9/01/13) – NPFG Insured 
      
1,000 
  
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 3/01/36 – 
No Opt. Call 
Baa1 
147,660 
   
NPFG Insured 
      
70 
  
Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001A, 
6/11 at 102.00 
AA+ (4) 
72,755 
   
5.250%, 6/15/41 (Pre-refunded 6/15/11) – AGM Insured 
      
5,875 
  
Northwest Parkway Public Highway Authority, Colorado, Senior Lien Revenue Bonds, Series 2001B, 
6/11 at 38.04 
N/R (4) 
2,221,925 
   
0.000%, 6/15/27 (Pre-refunded 6/15/11) – AMBAC Insured 
      
200 
  
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private 
7/20 at 100.00 
Baa3 
196,984 
   
Activity Bonds, Series 2010, 6.000%, 1/15/41 
      
2,845 
  
University of Colorado Hospital Authority, Revenue Bonds, Series 2001A, 5.600%, 11/15/21 
11/11 at 100.00 
A3 (4) 
2,976,098 
   
(Pre-refunded 11/15/11) 
      
19,340 
  
Total Colorado 
    
15,034,411 
   
Connecticut – 1.5% (1.5% of Total Investments) 
      
   
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator 
      
   
Lisbon Project, Series 1993A: 
      
265 
  
5.500%, 1/01/14 (Alternative Minimum Tax) 
1/11 at 100.00 
BBB 
265,697 
1,570 
  
5.500%, 1/01/15 (Alternative Minimum Tax) 
1/11 at 100.00 
BBB 
1,571,539 
1,835 
  
Total Connecticut 
    
1,837,236 
   
Florida – 6.3% (6.5% of Total Investments) 
      
2,400 
  
Deltona, Florida, Utility Systems Water and Sewer Revenue Bonds, Series 2003, 5.250%, 
10/13 at 100.00 
A1 
2,493,528 
   
10/01/17 – NPFG Insured 
      
   
Florida Citizens Property Insurance Corporation, High Risk Account Revenue Bonds, Series 2007A: 
      
1,000 
  
5.000%, 3/01/15 – NPFG Insured 
No Opt. Call 
A+ 
1,044,970 
125 
  
5.000%, 3/01/16 – NPFG Insured 
No Opt. Call 
A+ 
130,154 
600 
  
Florida Deparmtent of Environmental Protection, Florida Forever Revenue Bonds, Series 2007B, 
7/17 at 101.00 
AA– 
652,182 
   
5.000%, 7/01/19 – NPFG Insured 
      
30 
  
JEA, Florida, Electric Revenue Certificates, Series 1973-2, 6.800%, 7/01/12 (ETM) 
No Opt. Call 
AAA 
31,675 
750 
  
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010, 
No Opt. Call 
BBB 
739,710 
   
5.000%, 10/01/20 
      
2,000 
  
Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2005, 5.000%, 10/01/22 – 
10/15 at 100.00 
A+ 
2,073,520 
   
AMBAC Insured 
      
235 
  
Port Everglades Authority, Florida, Port Facilities Revenue Bonds, Series 1986, 7.125%, 
No Opt. Call 
AAA 
274,398 
   
11/01/16 (ETM) 
      
500 
  
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System 
8/17 at 100.00 
AA 
501,090 
   
Obligation Group, Series 2007, 5.000%, 8/15/27 
      
7,640 
  
Total Florida 
    
7,941,227 
   
Georgia – 0.3% (0.4% of Total Investments) 
      
380 
  
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 1995, 5.200%, 
8/22 at 100.00 
BBB (4) 
428,895 
   
8/01/25 (Pre-refunded 8/01/22) – NPFG Insured 
      
   
Idaho – 0.1% (0.1% of Total Investments) 
      
100 
  
Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial 
9/16 at 100.00 
BBB– 
81,447 
   
Hospital, Series 2006, 5.250%, 9/01/37 
      
   
Illinois – 13.6% (13.9% of Total Investments) 
      
440 
  
Chicago, Illinois, Tax Increment Allocation Bonds, Irving/Cicero Redevelopment Project, Series 
1/11 at 100.00 
N/R 
440,453 
   
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 
Aa3 
1,580,130 
   
2006, 5.000%, 12/01/21 – NPFG Insured 
      
2,000 
  
Huntley, Illinois, Special Service Area 9, Special Tax Bonds, Series 2007, 5.100%, 3/01/28 – 
3/17 at 100.00 
AA+ 
2,005,320 
   
AGC Insured 
      
4,760 
  
Illinois Development Finance Authority, GNMA Collateralized Mortgage Revenue Bonds, Greek 
4/11 at 105.00 
Aaa 
5,083,344 
   
American Nursing Home Committee, Series 2000A, 7.600%, 4/20/40 
      
2,000 
  
Illinois Educational Facilities Authority, Revenue Bonds, Art Institute of Chicago, Series 
3/14 at 102.00 
A+ 
2,103,500 
   
2000, 4.450%, 3/01/34 (Mandatory put 3/01/15) 
      
1,000 
  
Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational 
5/12 at 101.00 
Aaa 
1,089,410 
   
Advancement 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 
Baa2 
234,795 
20 
  
Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002, 
No Opt. Call 
Aaa 
21,218 
   
5.250%, 5/15/12 (ETM) 
      
50 
  
Illinois Health Facilities Authority, Revenue Bonds, Lutheran General Health System, Series 
No Opt. Call 
AA+ (4) 
51,818 
   
1993A, 6.125%, 4/01/12 – AGM Insured (ETM) 
      
695 
  
Illinois Health Facilities Authority, Revenue Bonds, Silver Cross Hospital and Medical 
2/11 at 100.50 
BBB 
696,133 
   
Centers, Series 1999, 5.500%, 8/15/19 
      
50 
  
Illinois State, General Obligation Bonds, Refunding Series 2006, 5.000%, 1/01/15 
No Opt. Call 
A+ 
52,567 
130 
  
Illinois State, General Obligation Bonds, Refunding Series 2007B, 5.000%, 1/01/16 
No Opt. Call 
A+ 
136,439 
195 
  
Illinois State, General Obligation Bonds, Refunding Series 2008, 4.250%, 4/01/16 
No Opt. Call 
A+ 
197,767 
1,165 
  
Illinois State, General Obligation Bonds, Refunding Series 2010, 5.000%, 1/01/19 
No Opt. Call 
A+ 
1,154,410 
25 
  
Illinois State, General Obligation Bonds, Series 2007A, 5.500%, 6/01/15 
No Opt. Call 
A+ 
26,829 
275 
  
Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2002, 5.250%, 12/01/19 – 
12/12 at 100.00 
AA+ 
275,487 
   
AGM Insured 
      
1,355 
  
Kane & DeKalb Counties, Illinois, Community United School District 301, General Obligation 
No Opt. Call 
A1 
952,362 
   
Bonds, Series 2006, 0.000%, 12/01/18 – NPFG Insured 
      
55 
  
Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue Bonds, 
6/13 at 100.00 
AAA 
58,925 
   
Series 2002, 5.375%, 6/01/15 – FGIC Insured 
      
700 
  
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, 
No Opt. Call 
AA 
857,892 
   
Illinois, General Obligation Bonds, Series 1994D, 7.750%, 6/01/19 – FGIC Insured 
      
16,665 
  
Total Illinois 
    
17,018,799 
   
Indiana – 0.4% (0.4% of Total Investments) 
      
250 
  
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For 
10/19 at 100.00 
BBB– 
246,860 
   
Educational Excellence, Inc., Series 2009A, 6.000%, 10/01/21 
      
250 
  
Jasper County, Indiana, Pollution Control Revenue Refunding Bonds, Northern Indiana Public 
No Opt. Call 
Baa1 
272,648 
   
Service Company Project, Series 1994A Remarketed, 5.850%, 4/01/19 – NPFG Insured 
      
500 
  
Total Indiana 
    
519,508 
   
Iowa – 1.2% (1.3% of Total Investments) 
      
1,520 
  
Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 
6/11 at 101.00 
AAA 
1,563,791 
   
2001B, 5.300%, 6/01/25 (Pre-refunded 6/01/11) 
      
   
Kansas – 3.2% (3.3% of Total Investments) 
      
3,500 
  
Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi 
11/11 at 101.00 
A+ 
3,561,354 
   
Health System Inc., Series 2001-III, 5.500%, 11/15/21 
      
245 
  
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds, 
12/15 at 100.00 
N/R 
246,580 
   
Redevelopment Project Area B, Series 2005, 5.000%, 12/01/20 
      
370 
  
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Capital 
No Opt. Call 
BBB 
197,447 
   
Appreciation Revenue Bonds Redevelopment Project Area B – Major Multi-Sport Athletic 
      
   
Complex Project, Subordinate Lien Series 2010B, 0.000%, 6/01/21 
      
4,115 
  
Total Kansas 
    
4,005,381 
   
Kentucky – 0.9% (0.9% of Total Investments) 
      
325 
  
Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, 
6/18 at 100.00 
AA+ 
337,591 
   
Louisville Arena Authority, Inc., Series 2008-A1, 5.750%, 12/01/28 – AGC Insured 
      
790 
  
Kentucky Housing Corporation, Housing Revenue Bonds, Series 2005G, 5.000%, 7/01/30 
1/15 at 100.60 
AAA 
805,136 
   
(Alternative Minimum Tax) 
      
1,115 
  
Total Kentucky 
    
1,142,727 
   
Louisiana – 1.4% (1.4% of Total Investments) 
      
1,010 
  
Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series 
7/14 at 100.00 
Baa1 
1,016,403 
   
2004, 5.250%, 7/01/24 – NPFG Insured 
      
   
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, 
      
   
Series 2001B: 
      
510 
  
5.500%, 5/15/30 
5/11 at 101.00 
A 
504,574 
245 
  
5.875%, 5/15/39 
5/11 at 101.00 
A– 
235,038 
1,765 
  
Total Louisiana 
    
1,756,015 
   
Maryland – 0.9% (0.9% of Total Investments) 
      
1,100 
  
Maryland Energy Financing Administration, Revenue Bonds, AES Warrior Run Project, Series 1995, 
3/11 at 100.00 
N/R 
1,099,989 
   
7.400%, 9/01/19 (Alternative Minimum Tax) 
      
   
Massachusetts – 0.7% (0.7% of Total Investments) 
      
500 
  
Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Series 2007, 
10/17 at 100.00 
N/R 
445,270 
   
5.000%, 10/01/19 
      
   
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 
N/R 
86,859 
470 
  
5.000%, 1/01/27 – AMBAC Insured (Alternative Minimum Tax) 
1/11 at 101.00 
N/R 
368,489 
1,070 
  
Total Massachusetts 
    
900,618 
   
Michigan – 1.6% (1.6% of Total Investments) 
      
1,000 
  
Cornell Township Economic Development Corporation, Michigan, Environmental Improvement Revenue 
5/12 at 100.00 
AAA 
1,065,940 
   
Refunding Bonds, MeadWestvaco Corporation-Escanaba Project, Series 2002, 5.875%, 5/01/18 
      
   
(Pre-refunded 5/01/12) 
      
360 
  
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Sinai Hospital, 
1/11 at 100.00 
BB 
356,767 
   
Series 1995, 6.625%, 1/01/16 (Pre-refunded 1/31/11) 
      
500 
  
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Airport, 
No Opt. Call 
A 
537,295 
   
Refunding Series 2010C, 5.000%, 12/01/16 (WI/DD, Settling 1/03/11) 
      
1,860 
  
Total Michigan 
    
1,960,002 
   
Minnesota – 1.4% (1.4% of Total Investments) 
      
1,100 
  
Becker, Minnesota, Pollution Control Revenue Bonds, Northern States Power Company, Series 
8/12 at 101.00 
A1 
1,229,316 
   
1993A, 8.500%, 9/01/19 
      
250 
  
Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series 
No Opt. Call 
AA+ 
275,053 
   
2009A, 5.000%, 1/01/15 – AGC Insured 
      
230 
  
White Earth Band of Chippewa Indians, Minnesota, Revenue Bonds, Series 2000A, 7.000%, 
No Opt. Call 
N/R 
235,674 
   
12/01/11 – ACA Insured 
      
1,580 
  
Total Minnesota 
    
1,740,043 
   
Mississippi – 0.6% (0.6% of Total Investments) 
      
   
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial 
      
   
Healthcare, Series 2004B-1: 
      
200 
  
5.000%, 9/01/16 
No Opt. Call 
AA 
214,286 
300 
  
5.000%, 9/01/24 
9/14 at 100.00 
AA 
303,180 
250 
  
Warren County, Mississippi, Gulf Opportunity Zone Revenue Bonds, International Paper Company, 
8/11 at 100.00 
BBB 
218,883 
   
Series 2006A, 4.800%, 8/01/30 
      
750 
  
Total Mississippi 
    
736,349 
   
Missouri – 0.3% (0.3% of Total Investments) 
      
250 
  
St. Louis County, Missouri, GNMA Collateralized Mortgage Revenue Bonds, Series 1989A, 8.125%, 
7/20 at 100.00 
AAA 
321,428 
   
8/01/20 (Pre-refunded 7/01/20) (Alternative Minimum Tax) 
      
   
Montana – 0.1% (0.1% of Total Investments) 
      
90 
  
University of Montana, Revenue Bonds, Series 1996D, 5.375%, 5/15/19 – NPFG Insured (ETM) 
5/11 at 100.00 
BBB (4) 
103,988 
   
Nebraska – 0.9% (0.9% of Total Investments) 
      
1,000 
  
Dodge County School District 1, Nebraska, Fremont Public Schools, General Obligation Bonds, 
12/14 at 100.00 
Aa3 
1,086,000 
   
Series 2004, 5.000%, 12/15/19 – AGM Insured 
      
   
Nevada – 1.2% (1.2% of Total Investments) 
      
1,000 
  
Clark County, Nevada, Airport Revenue Bonds, Subordinte Lien Series 2010B, 5.750%, 7/01/42 
1/20 at 100.00 
Aa3 
1,023,970 
   
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 
D 
126,688 
35 
  
0.000%, 1/01/16 – AMBAC Insured 
No Opt. Call 
D 
5,213 
120 
  
0.000%, 1/01/18 – AMBAC Insured 
No Opt. Call 
D 
15,847 
50 
  
0.000%, 1/01/20 – AMBAC Insured 
No Opt. Call 
D 
5,851 
250 
  
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A, 
6/19 at 100.00 
A 
277,868 
   
8.000%, 6/15/30 
      
2,255 
  
Total Nevada 
    
1,455,437 
   
New Jersey – 2.2% (2.3% of Total Investments) 
      
360 
  
Bayonne Redevelopment Agency, New Jersey, Revenue Bonds, Royal Caribbean Cruises Project, 
No Opt. Call 
BB 
325,721 
   
Series 2006A, 4.750%, 11/01/16 (Alternative Minimum Tax) 
      
   
New Jersey Economic Development Authority, Cigarette Tax Revenue Bonds, Series 2004: 
      
150 
  
5.375%, 6/15/14 
No Opt. Call 
BBB 
155,807 
15 
  
5.375%, 6/15/15 – RAAI Insured 
No Opt. Call 
Baa3 
15,610 
25 
  
5.500%, 6/15/16 – RAAI Insured 
No Opt. Call 
Baa3 
26,001 
1,730 
  
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital 
No Opt. Call 
AA– 
381,949 
   
Appreciation Series 2010A, 0.000%, 12/15/33 
      
1,500 
  
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D, 
No Opt. Call 
AA– 
1,546,650 
   
5.000%, 12/15/23 
      
425 
  
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, 
6/17 at 100.00 
BBB 
364,701 
   
Series 2007-1A, 4.500%, 6/01/23 
      
4,205 
  
Total New Jersey 
    
2,816,439 
   
New York – 6.2% (6.3% of Total Investments) 
      
220 
  
Brooklyn Areba Local Development Corporation, New York, Payment in Lieu of Taxes Revenue 
1/20 at 100.00 
BBB– 
219,993 
   
Bonds, Barclays Center Project, Series 2009, 6.000%, 7/15/30 
      
1,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, Brooklyn Law School, Series 
7/13 at 100.00 
BBB+ 
1,074,910 
   
2003A, 5.500%, 7/01/15 – RAAI Insured 
      
170 
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special 
No Opt. Call 
N/R 
166,622 
   
Needs Facilities Pooled Program, Series 2008A-1, 5.700%, 7/01/13 
      
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and 
      
   
State Contingency Contract-Backed Bonds, Series 2003A-1: 
      
20 
  
5.500%, 6/01/14 
6/11 at 100.00 
AA– 
20,071 
250 
  
5.250%, 6/01/20 – AMBAC Insured 
6/13 at 100.00 
AA– 
266,153 
590 
  
5.250%, 6/01/22 – AMBAC Insured 
6/13 at 100.00 
AA– 
607,753 
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and 
      
   
State Contingency Contract-Backed Bonds, Series 2003B-1C: 
      
500 
  
5.500%, 6/01/21 
6/13 at 100.00 
AA– 
527,805 
300 
  
5.500%, 6/01/22 
6/13 at 100.00 
AA– 
315,795 
4,300 
  
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air 
No Opt. Call 
Baa1 
4,538,004 
   
Terminal LLC, Sixth Series 1997, 7.000%, 12/01/12 – NPFG Insured (Alternative Minimum Tax) 
      
7,350 
  
Total New York 
    
7,737,106 
   
North Carolina – 1.6% (1.7% of Total Investments) 
      
1,880 
  
Union County, North Carolina, Certificates of Participation, Series 2003, 5.000%, 6/01/18 – 
6/13 at 101.00 
Aa2 
2,014,664 
   
AMBAC Insured 
      
   
Ohio – 1.3% (1.4% of Total Investments) 
      
770 
  
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue 
6/17 at 100.00 
Baa3 
595,118 
   
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 
1,056,820 
   
4.500%, 12/01/15 
      
1,770 
  
Total Ohio 
    
1,651,938 
   
Pennsylvania – 7.4% (7.6% of Total Investments) 
      
200 
  
Luzerne County Industrial Development Authority, Pennsylvania, Guaranteed Lease Revenue Bonds, 
12/19 at 100.00 
N/R 
193,916 
   
Series 2009, 7.750%, 12/15/27 
      
770 
  
Pennsylvania Higher Educational Facilities Authority, College Revenue Bonds, Ninth Series 
No Opt. Call 
Aaa 
877,223 
   
1976, 7.625%, 7/01/15 (ETM) 
      
225 
  
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Arts, 
3/11 at 100.00 
A+ (4) 
248,821 
   
Series 1999, 5.150%, 3/15/20 – RAAI Insured (ETM) 
      
580 
  
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue 
No Opt. Call 
AA 
413,905 
   
Bonds, Series 2010A-2, 0.000%, 12/01/34 
      
4,120 
  
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Eighteenth Series 2004, 5.000%, 8/01/15 – 
8/14 at 100.00 
BBB+ 
4,380,589 
   
AMBAC Insured 
      
1,435 
  
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20 – 
No Opt. Call 
Aaa 
1,762,080 
   
NPFG Insured (ETM) 
      
250 
  
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital 
5/11 at 100.00 
BBB 
250,135 
   
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 
Aa3 
1,154,603 
   
2006B, 5.000%, 9/01/12 – AMBAC Insured 
      
8,665 
  
Total Pennsylvania 
    
9,281,272 
   
Puerto Rico – 0.6% (0.6% of Total Investments) 
      
1,000 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 
8/26 at 100.00 
A+ 
789,540 
   
2009A, 0.000%, 8/01/32 
      
   
Rhode Island – 0.7% (0.7% of Total Investments) 
      
   
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, 
      
   
Series 2002A: 
      
255 
  
6.125%, 6/01/32 
6/12 at 100.00 
BBB 
250,071 
725 
  
6.250%, 6/01/42 
6/12 at 100.00 
BBB 
653,682 
980 
  
Total Rhode Island 
    
903,753 
   
South Carolina – 5.1% (5.2% of Total Investments) 
      
750 
  
Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing 
12/13 at 100.00 
A1 
785,940 
   
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 
AAA 
1,936,180 
   
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 
3,390,007 
   
1/01/19 – FGIC Insured 
      
5 
  
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon 
11/12 at 100.00 
A3 (4) 
5,444 
   
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– 
19,963 
   
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30 
      
195 
  
Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement 
5/11 at 101.00 
BBB (4) 
199,506 
   
Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/11) 
      
5,345 
  
Total South Carolina 
    
6,337,040 
   
South Dakota – 0.8% (0.8% of Total Investments) 
      
1,000 
  
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, 
5/17 at 100.00 
AA– 
967,870 
   
Series 2007, 5.000%, 11/01/27 
      
   
Tennessee – 2.1% (2.1% of Total Investments) 
      
   
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 
AAA 
815,490 
1,250 
  
6.000%, 9/01/17 (Pre-refunded 9/01/12) 
9/12 at 100.00 
AAA 
1,359,150 
400 
  
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.000%, 9/01/13 
No Opt. Call 
Ba3 
423,780 
2,400 
  
Total Tennessee 
    
2,598,420 
   
Texas – 6.7% (6.8% of Total Investments) 
      
1,055 
  
Austin, Texas, General Obligation Bonds, Series 2004, 5.000%, 9/01/20 – NPFG Insured 
9/14 at 100.00 
AAA 
1,134,737 
565 
  
Bexar County Housing Finance Corporation, Texas, FNMA Guaranteed Multifamily Housing Revenue 
No Opt. Call 
N/R 
586,628 
   
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– 
8,397 
   
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 
A3 
2,010,180 
   
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 
466,120 
   
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– 
10,706 
   
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 
2,024,888 
   
2006, 5.000%, 8/15/20 
      
300 
  
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson 
No Opt. Call 
BBB– 
268,113 
   
Memorial Hospital Project, Series 2005, 5.125%, 8/15/26 
      
200 
  
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, 
11/20 at 100.00 
BBB 
179,778 
   
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40 
      
325 
  
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Series 2008F, 
1/18 at 100.00 
A3 
307,574 
   
5.750%, 1/01/38 
      
25 
  
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC 
No Opt. Call 
CCC 
23,306 
   
Project, Series 2001B, 5.750%, 5/01/30 (Mandatory put 11/01/11) (Alternative Minimum Tax) 
      
1,350 
  
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Series 
1/11 at 100.00 
A 
1,201,311 
   
2006B, 0.752%, 12/15/17 
      
145 
  
Weslaco Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Knapp 
6/12 at 100.00 
N/R (4) 
152,386 
   
Medical Center, Series 2002, 6.000%, 6/01/17 (Pre-refunded 6/01/12) 
      
8,380 
  
Total Texas 
    
8,374,124 
   
Virgin Islands – 0.4% (0.4% of Total Investments) 
      
525 
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien 
10/20 at 100.00 
BBB 
490,985 
   
Series 2010A, 5.000%, 10/01/29 
      
   
Virginia – 0.2% (0.2% of Total Investments) 
      
250 
  
Virginia College Building Authority, Educational Facilities Revenue Refunding Bonds, Marymount 
1/11 at 100.00 
N/R 
250,093 
   
University, Series 1998, 5.100%, 7/01/18 – RAAI Insured 
      
   
Washington – 0.7% (0.7% of Total Investments) 
      
295 
  
Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 3, Series 
No Opt. Call 
Aaa 
367,192 
   
1989B, 7.125%, 7/01/16 – NPFG Insured 
      
520 
  
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, 
6/13 at 100.00 
BBB 
526,396 
   
Series 2002, 6.500%, 6/01/26 
      
815 
  
Total Washington 
    
893,588 
   
Wisconsin – 3.7% (3.7% of Total Investments) 
      
   
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed 
      
   
Bonds, Series 2002: 
      
465 
  
6.125%, 6/01/27 (Pre-refunded 6/01/12) 
6/12 at 100.00 
AAA 
490,733 
1,480 
  
6.375%, 6/01/32 (Pre-refunded 6/01/12) 
6/12 at 100.00 
AAA 
1,593,531 
1,000 
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare 
7/11 at 100.00 
A– (4) 
1,027,610 
   
Inc., Series 2001, 6.000%, 7/01/21 (Pre-refunded 7/01/11) 
      
1,105 
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care Inc., 
2/11 at 100.00 
A3 
1,105,033 
   
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+ 
206,366 
180 
  
5.250%, 8/15/34 
8/16 at 100.00 
BBB+ 
158,319 
4,430 
  
Total Wisconsin 
    
4,581,592 
$   127,690 
  
Total Investments (cost $120,715,977) – 97.7% 
    
122,353,973 
   
Other Assets Less Liabilities – 2.3% 
    
2,850,209 
   
Net Assets – 100% 
    
$ 125,204,182 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
In determining the fair value of the Fund’s 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 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, 2010:
 
         
 
Level 1 
Level 2 
Level 3 
Total 
Investments: 
        
Municipal Bonds 
$ — 
$122,353,973 
$ — 
$122,353,973 
 
 
During the period ended December 31, 2010, the Fund recognized no significant transfers to/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 and timing differences in recognizing certain gains and losses on investment transactions. 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, 2010, the cost of investments was $120,582,215.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2010, were as follows:
 
   
Gross unrealized: 
  
  Appreciation 
$ 3,835,854 
  Depreciation 
(2,064,096)
Net unrealized appreciation (depreciation) of investments 
$ 1,771,758 
 
     
(1) 
  
All percentages shown in the Portfolio of Investments are based on net assets. 
(2) 
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
   
may be subject to periodic principal paydowns. 
(3) 
  
Ratings: Using the highest of Standard & Poor’s Group ("Standard & Poor's"), Moody’s Investor Service, Inc. 
   
("Moody's") or Fitch, Inc. ("Fitch") rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB 
   
by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of 
   
these national rating agencies. 
(4) 
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
   
which ensure the timely payment of principal and interest. Such investments are normally considered to 
   
be equivalent to AAA rated securities. 
N/R 
  
Not rated. 
WI/DD 
  
Purchased on a when-issued or delayed delivery basis. 
(ETM) 
  
Escrowed to maturity. 
 
 
 
 
 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen Select Maturities Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         March 1, 2011        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date         March 1, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         March 1, 2011