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 811-6294
 
Nuveen California Select Quality Municipal Fund, Inc.
(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:             2/28          
 
Date of reporting period:          5/31/13         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 

 
 
Item 1. Schedule of Investments
 
 

 
           
   
Portfolio of Investments (Unaudited)  
     
 
   
                Nuveen California Select Quality Municipal Fund, Inc. (NVC)  
     
   
                May 31, 2013  
     
 
 
 
 
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 8.0% (5.5% of Total Investments)  
     
$      545  
 
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma  
6/15 at 100.00  
BB+  
$    533,244  
   
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21  
     
2,770  
 
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,  
8/13 at 100.00  
Baa1  
2,780,803  
   
Stanislaus County Tobacco Funding Corporation, Series 2002A, 5.500%, 6/01/33  
     
   
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  
     
   
Bonds, Series 2007A-1:  
     
16,515  
 
5.750%, 6/01/47  
6/17 at 100.00  
B  
15,555,479  
2,180  
 
5.125%, 6/01/47  
6/17 at 100.00  
B  
1,916,046  
10,220  
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  
6/22 at 100.00  
B  
9,587,484  
   
Bonds, Series 2007A-2, 5.300%, 6/01/37  
     
32,230  
 
Total Consumer Staples  
   
30,373,056  
   
Education and Civic Organizations – 4.5% (3.1% of Total Investments)  
     
290  
 
California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series  
10/15 at 100.00  
A3  
298,436  
   
2005A, 5.000%, 10/01/35  
     
2,165  
 
California Educational Facilities Authority, Revenue Bonds, University of San Francisco,  
10/21 at 100.00  
A2  
2,615,645  
   
Series 2011, 6.125%, 10/01/36  
     
535  
 
California Educational Facilities Authority, Revenue Bonds, University of Southern California,  
10/18 at 100.00  
Aa1  
817,582  
   
Tender Option Bond Trust 09-11B, 18.149%, 10/01/38 (IF) (4)  
     
   
California Educational Facilities Authority, Revenue Bonds, University of the Pacific,  
     
   
Series 2006:  
     
200  
 
5.000%, 11/01/21  
11/15 at 100.00  
A2  
215,476  
270  
 
5.000%, 11/01/25  
11/15 at 100.00  
A2  
289,896  
1,500  
 
5.000%, 11/01/30  
11/15 at 100.00  
A2  
1,605,555  
1,740  
 
California Infrastructure and Economic Development Bond Bank, Revenue Bonds, Scripps Research  
7/15 at 100.00  
Aa3  
1,877,495  
   
Institute, Series 2005A, 5.000%, 7/01/24  
     
4,787  
 
California State Public Works Board, Lease Revenue Bonds, University of California Regents,  
3/18 at 100.00  
Aa2  
5,670,106  
   
Tender Option Bond Trust 1065, 9.221%, 3/01/33 (IF)  
     
1,385  
 
California State University, Systemwide Revenue Bonds, Series 2005C, 5.000%, 11/01/27 –  
11/15 at 100.00  
Aa2  
1,504,484  
   
NPFG Insured  
     
770  
 
California Statewide Communities Development Authority, Charter School Revenue Bonds,  
12/21 at 100.00  
N/R  
885,107  
   
Rocketship 4 – Mosaic Elementary Charter School, Series 2011A, 8.500%, 12/01/41  
     
1,300  
 
California Statewide Communities Development Authority, School Facility Revenue Bonds,  
7/21 at 100.00  
BBB–  
1,455,480  
   
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46  
     
14,942  
 
Total Education and Civic Organizations  
   
17,235,262  
   
Health Care – 28.9% (19.9% of Total Investments)  
     
1,750  
 
ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue  
8/13 at 100.00  
A  
1,756,108  
   
Bonds, Sansum-Santa Barbara Medical Foundation Clinic, Series 2002A, 5.500%, 4/01/21  
     
1,455  
 
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –  
8/21 at 100.00  
A+  
1,583,724  
   
San Diego, Series 2011, 5.250%, 8/15/41  
     
10,145  
 
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,  
11/16 at 100.00  
AA–  
10,702,062  
   
5.250%, 11/15/46 (UB)  
     
4,200  
 
California Statewide Communities Development Authority, Revenue Bonds, Adventist Health System  
3/15 at 100.00  
A  
4,423,860  
   
West, Series 2005A, 5.000%, 3/01/35  
     
12,125  
 
California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series  
8/20 at 100.00  
AA–  
14,461,366  
   
2011A, 6.000%, 8/15/42  
     
3,475  
 
California Statewide Communities Development Authority, Revenue Bonds, ValleyCare Health  
7/17 at 100.00  
N/R  
3,423,396  
   
System, Series 2007A, 5.125%, 7/15/31  
     
   
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity  
     
   
Health System, Series 2005A:  
     
1,500  
 
5.250%, 7/01/24  
7/15 at 100.00  
BBB–  
1,587,915  
10,105  
 
5.000%, 7/01/39  
7/15 at 100.00  
BBB–  
10,413,910  
5,190  
 
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,  
8/16 at 100.00  
A+  
5,722,702  
   
Series 2001C, 5.250%, 8/01/31  
     
1,355  
 
California Statewide Community Development Authority, Revenue Bonds, Sherman Oaks Health  
No Opt. Call  
A1  
1,485,080  
   
System, Series 1998A, 5.000%, 8/01/22 – AMBAC Insured  
     
4,565  
 
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender  
11/16 at 100.00  
AA–  
5,567,246  
   
Option Bond Trust 3102-4, 18.585%, 11/15/46 (IF) (4)  
     
1,621  
 
California Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health  
7/18 at 100.00  
AA–  
2,144,388  
   
System, Trust 2554, 18.368%, 7/01/47 – AGM Insured (IF)  
     
1,000  
 
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series  
12/15 at 100.00  
BBB  
1,015,180  
   
2005A, 5.000%, 12/01/23  
     
3,100  
 
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series  
12/17 at 100.00  
BBB  
3,555,917  
   
2008A, 8.250%, 12/01/38  
     
   
Madera County, California, Certificates of Participation, Children’s Hospital Central  
     
   
California, Series 2010:  
     
1,195  
 
5.500%, 3/15/36  
3/15 at 100.00  
A+  
1,271,695  
3,410  
 
5.375%, 3/15/36  
3/20 at 100.00  
A+  
3,701,964  
6,200  
 
Madera County, California, Certificates of Participation, Valley Children’s Hospital Project,  
9/13 at 100.00  
A  
6,210,478  
   
Series 1995, 5.750%, 3/15/28 – NPFG Insured  
     
1,770  
 
Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presbyterian, Series 2011A,  
12/21 at 100.00  
AA  
2,138,479  
   
6.000%, 12/01/40  
     
5,885  
 
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,  
11/19 at 100.00  
Baa3  
6,565,306  
   
6.750%, 11/01/39  
     
5,800  
 
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,  
11/20 at 100.00  
Baa3  
6,250,370  
   
6.000%, 11/01/41  
     
9,655  
 
Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical  
7/17 at 100.00  
Baa2  
9,805,908  
   
Center, Series 2007A, 5.000%, 7/01/38  
     
3,550  
 
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,  
12/21 at 100.00  
BB  
4,324,823  
   
7.500%, 12/01/41  
     
1,500  
 
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series  
1/21 at 100.00  
A  
1,767,315  
   
2011, 6.500%, 1/01/41  
     
100,551  
 
Total Health Care  
   
109,879,192  
   
Housing/Multifamily – 1.5% (1.0% of Total Investments)  
     
2,085  
 
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects  
8/20 at 100.00  
BBB  
2,273,818  
   
Series 2010A, 6.400%, 8/15/45  
     
   
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects  
     
   
Series 2012A:  
     
275  
 
5.125%, 8/15/32  
8/22 at 100.00  
BBB  
291,222  
525  
 
5.500%, 8/15/47  
8/22 at 100.00  
BBB  
556,862  
1,500  
 
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects  
8/22 at 100.00  
A1  
1,577,340  
   
Series 2012B, 7.250%, 8/15/47  
     
1,000  
 
Independent Cities Lease Finance Authority, California, Revenue Bonds, Morgan Hill, Hacienda  
11/14 at 100.00  
N/R  
1,013,430  
   
Valley Mobile Home Park, Series 2004A, 5.950%, 11/15/39  
     
5,385  
 
Total Housing/Multifamily  
   
5,712,672  
   
Housing/Single Family – 0.5% (0.3% of Total Investments)  
     
1,590  
 
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2007G,  
2/17 at 100.00  
BBB  
1,570,268  
   
5.050%, 2/01/29 (Alternative Minimum Tax)  
     
270  
 
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%, 8/01/30 –  
2/16 at 100.00  
BBB  
282,469  
   
FGIC Insured (Alternative Minimum Tax)  
     
1,860  
 
Total Housing/Single Family  
   
1,852,737  
   
Industrials – 1.2% (0.8% of Total Investments)  
     
4,055  
 
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic  
No Opt. Call  
BBB  
4,541,519  
   
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative Minimum Tax)  
     
   
Tax Obligation/General – 31.6% (21.7% of Total Investments)  
     
2,010  
 
California State, General Obligation Bonds, Series 2003, 5.250%, 2/01/22 – SYNCORA GTY Insured  
8/13 at 100.00  
A1  
2,025,216  
140  
 
California State, General Obligation Bonds, Various Purpose Series 2000, 5.625%, 5/01/22 –  
8/13 at 100.00  
Aaa  
140,598  
   
FGIC Insured  
     
   
California State, General Obligation Bonds, Various Purpose Series 2009:  
     
15,000  
 
6.000%, 11/01/39  
11/19 at 100.00  
A1  
18,020,400  
3,500  
 
5.500%, 11/01/39  
11/19 at 100.00  
A1  
4,034,765  
   
California State, General Obligation Bonds, Various Purpose Series 2010:  
     
2,000  
 
6.000%, 3/01/33  
3/20 at 100.00  
A1  
2,446,820  
7,605  
 
5.250%, 11/01/40  
11/20 at 100.00  
A1  
8,656,467  
   
California State, General Obligation Bonds, Various Purpose Series 2011:  
     
13,000  
 
5.000%, 9/01/41  
9/21 at 100.00  
A1  
14,099,930  
9,135  
 
5.000%, 10/01/41  
10/21 at 100.00  
A1  
9,914,672  
   
California State, General Obligation Bonds, Various Purpose Series 2012:  
     
3,000  
 
5.250%, 2/01/28  
2/22 at 100.00  
A1  
3,463,350  
2,215  
 
5.250%, 2/01/29  
2/22 at 100.00  
A1  
2,548,070  
3,000  
 
5.000%, 4/01/42  
4/22 at 100.00  
A1  
3,264,330  
4,500  
 
California State, General Obligation Bonds, Various Purpose Series 2013, 5.000%, 4/01/37  
4/23 at 100.00  
A1  
4,995,945  
3,850  
 
Coachella Valley Unified School District, Riverside County, California, General Obligation  
8/15 at 100.00  
A1  
4,105,332  
   
Bonds, Series 2005A, 5.000%, 8/01/30 – FGIC Insured  
     
2,000  
 
Coast Community College District, Orange County, California, General Obligation Bonds, Series  
8/18 at 100.00  
Aa1  
2,145,740  
   
2006C, 0.000%, 8/01/31 – AGM Insured  
     
1,030  
 
Folsom Cordova Unified School District, Sacramento County, California, General Obligation  
10/14 at 100.00  
AA–  
1,089,380  
   
Bonds, School Facilities Improvement District 2, Series 2004B, 5.000%, 10/01/25 – AGM Insured  
     
   
Fontana Unified School District, San Bernardino County, California, General Obligation Bonds,  
     
   
Refunding Series 2004:  
     
1,470  
 
5.250%, 5/01/19 – NPFG Insured  
5/14 at 100.00  
Aa3  
1,529,697  
1,040  
 
5.250%, 5/01/20 – NPFG Insured  
5/14 at 100.00  
Aa3  
1,082,234  
4,000  
 
Long Beach Community College District, California, General Obligation Bonds, Series 2005B,  
5/15 at 100.00  
Aa2  
4,243,080  
   
5.000%, 5/01/30 – FGIC Insured  
     
3,915  
 
Los Angeles Unified School District, California, General Obligation Bonds, Series 2005A-2,  
7/15 at 100.00  
Aa2  
4,241,276  
   
5.000%, 7/01/24 – NPFG Insured  
     
6,000  
 
North Orange County Community College District, California, General Obligation Bonds, Series  
No Opt. Call  
Aa1  
3,469,080  
   
2003B, 0.000%, 8/01/27 – FGIC Insured  
     
5,000  
 
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2002A, 5.500%, 7/01/20 –  
No Opt. Call  
A  
5,304,950  
   
NPFG Insured  
     
3,245  
 
Southwestern Community College District, San Diego County, California, General Obligation  
8/21 at 100.00  
Aa2  
3,710,852  
   
Bonds, Election of 2008, Series 2011C, 5.250%, 8/01/36  
     
16,150  
 
Sylvan Union School District, Stanislaus County, California, General Obligation Bonds,  
No Opt. Call  
AA–  
6,440,620  
   
Election of 2006, Series 2010, 0.000%, 8/01/49 – AGM Insured  
     
20,860  
 
Yosemite Community College District, California, General Obligation Bonds, Capital  
No Opt. Call  
Aa2  
8,813,976  
   
Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42  
     
133,665  
 
Total Tax Obligation/General  
   
119,786,780  
   
Tax Obligation/Limited – 31.1% (21.4% of Total Investments)  
     
3,370  
 
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,  
10/13 at 100.00  
N/R  
3,369,730  
   
Series 2003, 5.500%, 10/01/23 – RAAI Insured  
     
2,000  
 
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series  
10/19 at 100.00  
A2  
2,299,460  
   
2009G-1, 5.750%, 10/01/30  
     
4,860  
 
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series  
11/19 at 100.00  
A2  
5,971,045  
   
2009-I, 6.375%, 11/01/34  
     
2,415  
 
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series  
No Opt. Call  
A2  
2,661,644  
   
2012G, 5.000%, 11/01/31  
     
730  
 
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community  
9/15 at 100.00  
A  
750,900  
   
Facilities District, Series 2005, 5.000%, 9/01/24 – FGIC Insured  
     
1,000  
 
Coachella Valley Unified School District, Riverside County, California, Certificates of  
9/16 at 100.00  
N/R  
1,013,990  
   
Participation, Series 2007, 5.000%, 9/01/31 – AMBAC Insured  
     
1,500  
 
Commerce Joint Power Financing Authority, California, Tax Allocation Bonds, Redevelopment  
8/13 at 100.00  
BBB  
1,501,440  
   
Projects 2 and 3, Refunding Series 2003A, 5.000%, 8/01/28 – RAAI Insured  
     
3,000  
 
Coronado Community Development Agency, California, Tax Allocation Bonds, Community Development  
9/15 at 100.00  
AA–  
3,197,730  
   
Project, Series 2005, 5.000%, 9/01/30 – AMBAC Insured  
     
1,115  
 
Dinuba Redevelopment Agency, California, Tax Allocation Bonds, Merged City of Dinuba  
9/13 at 102.00  
A  
1,124,466  
   
Redevelopment Project and Dinuba Redevelopment Project 2, As Amended, Series 2003, 5.000%,  
     
   
9/01/33 – NPFG Insured  
     
1,530  
 
Fontana Redevelopment Agency, California, Jurupa Hills Redevelopment Project, Tax Allocation  
10/13 at 100.00  
A–  
1,535,829  
   
Refunding Bonds, 1997 Series A, 5.500%, 10/01/27  
     
2,500  
 
Gilroy School Facilities Financing Authority, Santa Clara County, California, Revenue Bonds,  
8/23 at 100.00  
Aa3  
2,675,100  
   
Series 2013A, 5.000%, 8/01/46  
     
   
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement  
     
   
Asset-Backed Revenue Bonds, Tender Option Bonds Trust 2215:  
     
1,940  
 
13.890%, 6/01/45 – FGIC Insured (IF)  
6/15 at 100.00  
A2  
2,258,315  
1,355  
 
13.890%, 6/01/45 – FGIC Insured (IF)  
6/15 at 100.00  
A2  
1,561,231  
1,785  
 
Hawthorne Community Redevelopment Agency, California, Project Area 2 Tax Allocation Bonds,  
9/16 at 100.00  
N/R  
1,876,428  
   
Series 2006, 5.250%, 9/01/36 – SYNCORA GTY Insured  
     
1,500  
 
Hesperia Unified School District, San Bernardino County, California, Certificates of  
2/17 at 100.00  
A–  
1,531,860  
   
Participation, Capital Improvement, Series 2007, 5.000%, 2/01/41 – AMBAC Insured  
     
1,000  
 
Hesperia Unified School District, San Bernardino County, California, Certificates of  
2/23 at 100.00  
AA  
1,056,050  
   
Participation, Series 2013A, 5.000%, 2/01/38 – BAM Insured  
     
435  
 
Indian Wells Redevelopment Agency, California, Tax Allocation Bonds, Consolidated Whitewater  
9/13 at 100.00  
BBB–  
436,492  
   
Project Area, Series 2003A, 5.000%, 9/01/20 – AMBAC Insured  
     
1,345  
 
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment  
5/17 at 100.00  
BB+  
1,387,852  
   
Project, Subordinate Lien Series 2007A-1, 5.000%, 5/01/23 – AMBAC Insured  
     
   
Irvine Unified School District, California, Special Tax Bonds, Community Facilities District  
     
   
Series 2006A:  
     
330  
 
5.000%, 9/01/26  
9/16 at 100.00  
N/R  
340,646  
760  
 
5.125%, 9/01/36  
9/16 at 100.00  
N/R  
776,925  
3,000  
 
La Quinta Redevelopment Agency, California, Tax Allocation Bonds, Redevelopment Project Area 1,  
9/13 at 100.00  
A+  
3,019,740  
   
Series 2001, 5.000%, 9/01/21 – AMBAC Insured  
     
4,315  
 
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester Social  
9/15 at 100.00  
A1  
4,495,971  
   
Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured  
     
8,175  
 
Los Angeles Municipal Improvement Corporation, California, Lease Revenue Bonds, Police  
1/17 at 100.00  
A+  
8,472,897  
   
Headquarters, Series 2006A, 4.750%, 1/01/31 – FGIC Insured  
     
1,895  
 
Murrieta, California, Special Tax Bonds, Community Facilities District 2000-2, The Oaks  
9/14 at 100.00  
N/R  
1,922,364  
   
Improvement Area A, Series 2004A, 5.900%, 9/01/27  
     
735  
 
National City Community Development Commission, California, Tax Allocation Bonds, National  
8/21 at 100.00  
A–  
910,004  
   
City Redevelopment Project, Series 2011, 6.500%, 8/01/24  
     
275  
 
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment  
9/21 at 100.00  
BBB+  
318,665  
   
Project, Series 2011, 6.750%, 9/01/40  
     
2,580  
 
Oakland Redevelopment Agency, California, Subordinate Lien Tax Allocation Bonds, Central  
8/13 at 100.00  
A  
2,586,992  
   
District Redevelopment Project, Series 2003, 5.500%, 9/01/18 – FGIC Insured  
     
3,605  
 
Oakland State Building Authority, California, Lease Revenue Bonds, Elihu M. Harris State  
10/13 at 100.00  
A2  
3,608,821  
   
Office Building, Series 1998A, 5.000%, 4/01/23 – AMBAC Insured  
     
695  
 
Ontario Redevelopment Financing Authority, California, Lease Revenue Bonds, Capital Projects,  
8/13 at 100.00  
AA–  
700,539  
   
Series 2001, 5.250%, 8/01/18 – AMBAC Insured  
     
1,000  
 
Orange County, California, Special Tax Bonds, Community Facilities District 03-1 of Ladera  
8/13 at 100.00  
N/R  
1,003,360  
   
Ranch, Series 2004A, 5.500%, 8/15/24  
     
5,000  
 
Palm Springs Financing Authority, California, Lease Revenue Bonds, Convention Center Project,  
11/14 at 102.00  
A  
5,192,800  
   
Refunding Series 2004A, 5.500%, 11/01/35 – NPFG Insured  
     
1,120  
 
Panama-Buena Vista Union School District, California, Certificates of Participation, School  
9/16 at 100.00  
A  
1,197,605  
   
Construction Project, Series 2006, 5.000%, 9/01/23 – NPFG Insured  
     
   
Perris Union High School District Financing Authority, Riverside County, California, Revenue  
     
   
Bonds, Series 2011:  
     
225  
 
6.000%, 9/01/33  
9/13 at 100.00  
N/R  
232,337  
530  
 
6.125%, 9/01/41  
9/13 at 100.00  
N/R  
547,119  
2,000  
 
Pico Rivera Water Authority, California, Revenue Bonds, Series 2001A, 6.250%, 12/01/32  
12/13 at 100.00  
N/R  
2,013,180  
4,930  
 
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community  
9/18 at 100.00  
BBB–  
5,350,085  
   
Development Project, Refunding Series 2008A, 6.500%, 9/01/28  
     
8,750  
 
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community  
No Opt. Call  
A  
5,656,438  
   
Development Project, Series 1999, 0.000%, 8/01/23 – AMBAC Insured  
     
890  
 
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series  
9/21 at 100.00  
BBB+  
1,015,926  
   
2011A, 5.750%, 9/01/30  
     
635  
 
Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series  
9/15 at 100.00  
A–  
637,292  
   
2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured  
     
160  
 
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project  
10/21 at 100.00  
A–  
181,664  
   
Area, Series 2011B, 6.500%, 10/01/25  
     
55  
 
Riverside Public Financing Authority, California, Revenue Bonds, Multiple Project Loans,  
8/13 at 100.00  
N/R  
55,339  
   
Series 1991A, 8.000%, 2/01/18  
     
820  
 
Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%,  
8/13 at 100.00  
AA–  
824,863  
   
8/01/25 – AMBAC Insured  
     
1,135  
 
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,  
4/22 at 100.00  
AAA  
1,264,719  
   
Series 2012A, 5.000%, 4/01/42  
     
130  
 
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,  
2/21 at 100.00  
A–  
154,103  
   
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41  
     
   
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,  
     
   
Mission Bay South Redevelopment Project, Series 2011D:  
     
130  
 
7.000%, 8/01/33  
2/21 at 100.00  
BBB  
151,178  
165  
 
7.000%, 8/01/41  
2/21 at 100.00  
BBB  
189,179  
2,200  
 
San Jose Financing Authority, California, Lease Revenue Refunding Bonds, Convention Center  
9/13 at 100.00  
AA  
2,208,624  
   
Project, Series 2001F, 5.000%, 9/01/20 – NPFG Insured  
     
875  
 
San Jose Redevelopment Agency, California, Housing Set-Aside Tax Allocation Bonds, Merged Area  
8/20 at 100.00  
A  
952,621  
   
Redevelopment Project, Series 2010A-1, 5.500%, 8/01/35  
     
1,260  
 
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment  
8/13 at 100.00  
A  
1,260,151  
   
Project, Series 2003, 4.900%, 8/01/33 – FGIC Insured  
     
   
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment  
     
   
Project, Series 2006C:  
     
1,100  
 
5.000%, 8/01/24 – NPFG Insured  
8/17 at 100.00  
A  
1,137,928  
1,215  
 
5.000%, 8/01/25 – NPFG Insured  
8/17 at 100.00  
A  
1,254,074  
2,860  
 
Santa Ana Community Redevelopment Agency, California, Tax Allocation Bonds, Merged Project  
3/21 at 100.00  
A+  
3,483,795  
   
Area, Series 2011A, 6.750%, 9/01/28  
     
4,625  
 
Santa Clara Redevelopment Agency, California, Tax Allocation Bonds, Bayshore North Project,  
12/13 at 100.00  
A  
4,719,535  
   
Series 2003, 5.000%, 6/01/17 – NPFG Insured  
     
220  
 
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,  
4/21 at 100.00  
N/R  
243,850  
   
7.000%, 10/01/26  
     
3,900  
 
Ventura County Public Financing Authority, California, Lease Revenue Bonds Series 2013A,  
11/22 at 100.00  
AA  
4,269,057  
   
5.000%, 11/01/38  
     
6,870  
 
Vernon Redevelopment Agency, California, Tax Allocation Bonds, Industrial Redevelopment  
9/15 at 100.00  
A  
6,918,846  
   
Project, Series 2005, 5.000%, 9/01/35 – NPFG Insured  
     
2,175  
 
Washington Unified School District, Yolo County, California, Certificates of Participation,  
8/17 at 100.00  
A  
2,287,121  
   
Series 2007, 5.125%, 8/01/37 – AMBAC Insured  
     
385  
 
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,  
9/21 at 100.00  
A–  
444,625  
   
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.000%, 9/01/26  
     
115,105  
 
Total Tax Obligation/Limited  
   
118,210,540  
   
Transportation – 5.0% (3.5% of Total Investments)  
     
8,300  
 
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series  
7/13 at 100.00  
A  
8,299,253  
   
1995A, 5.000%, 1/01/35 – NPFG Insured  
     
10,500  
 
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding  
1/14 at 101.00  
BBB–  
10,707,375  
   
Bonds, Series 1999, 5.875%, 1/15/29  
     
18,800  
 
Total Transportation  
   
19,006,628  
   
U.S. Guaranteed – 9.5% (6.5% of Total Investments) (5)  
     
2,210  
 
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series  
4/16 at 100.00  
AA (5)  
2,488,084  
   
2006F, 5.000%, 4/01/31 (Pre-refunded 4/01/16) (UB)  
     
2,610  
 
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, North  
7/13 at 100.00  
Aaa  
2,893,890  
   
County Recycling Center, Series 1991A, 6.750%, 7/01/17 (ETM)  
     
   
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,  
     
   
Coalinga State Hospital, Series 2004A:  
     
4,000  
 
5.500%, 6/01/21 (Pre-refunded 6/01/14)  
6/14 at 100.00  
AA+ (5)  
4,210,080  
2,000  
 
5.500%, 6/01/23 (Pre-refunded 6/01/14)  
6/14 at 100.00  
AA+ (5)  
2,105,040  
   
California State, General Obligation Bonds, Series 2003:  
     
1,900  
 
5.250%, 2/01/22 (Pre-refunded 8/01/13)  
8/13 at 100.00  
Aaa  
1,915,941  
990  
 
5.250%, 2/01/22 (Pre-refunded 8/01/13) – AGM Insured  
8/13 at 100.00  
Aaa  
998,306  
100  
 
5.250%, 2/01/22 (Pre-refunded 8/01/13) – SYNCORA GTY Insured  
8/13 at 100.00  
Aaa  
100,839  
4,000  
 
Imperial Irrigation District, California, Certificates of Participation, Electric System  
11/13 at 100.00  
AA– (5)  
4,084,000  
   
Revenue Bonds, Series 2003, 5.250%, 11/01/23 (Pre-refunded 11/01/13) – AGM Insured  
     
1,025  
 
Los Angeles, California, Sanitation Equipment Charge Revenue Bonds, Series 2004A, 5.000%,  
2/14 at 100.00  
AA (5)  
1,057,462  
   
2/01/22 (Pre-refunded 2/01/14) – AMBAC Insured  
     
   
Los Rios Community College District, Sacramento, El Dorado and Yolo Counties, California,  
     
   
General Obligation Bonds, Series 2006C:  
     
2,710  
 
5.000%, 8/01/25 (Pre-refunded 8/01/14) – AGM Insured (UB)  
8/14 at 102.00  
Aa2 (5)  
2,913,900  
3,875  
 
5.000%, 8/01/26 (Pre-refunded 8/01/14) – AGM Insured (UB)  
8/14 at 102.00  
Aa2 (5)  
4,166,555  
3,750  
 
Metropolitan Water District of Southern California, Water Revenue Bonds, Series 2004B-3,  
10/14 at 100.00  
AAA  
3,986,400  
   
5.000%, 10/01/29 (Pre-refunded 10/01/14) – NPFG Insured  
     
2,000  
 
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 2002E,  
No Opt. Call  
AA+ (5)  
2,751,300  
   
6.000%, 8/01/26 – AGC Insured (ETM)  
     
585  
 
Roseville Joint Union High School District, Placer County, California, General Obligation  
8/15 at 100.00  
AA (5)  
643,190  
   
Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) – FGIC Insured  
     
1,365  
 
San Mateo Union High School District, San Mateo County, California, Certificates of  
12/17 at 100.00  
AA– (5)  
1,619,354  
   
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) – AMBAC Insured  
     
33,120  
 
Total U.S. Guaranteed  
   
35,934,341  
   
Utilities – 9.4% (6.5% of Total Investments)  
     
2,000  
 
Anaheim Public Finance Authority, California, Revenue Refunding Bonds, Electric Generating  
7/13 at 100.00  
AA–  
2,007,960  
   
System, Series 2002B, 5.250%, 10/01/18 – AGM Insured  
     
1,810  
 
Anaheim Public Finance Authority, California, Second Lien Electric Distribution Revenue Bonds,  
10/14 at 100.00  
AA–  
1,917,967  
   
Series 2004, 5.250%, 10/01/21 – NPFG Insured  
     
10,350  
 
California Pollution Control Financing Authority, Revenue Bonds, San Diego Gas and Electric  
No Opt. Call  
Aa3  
11,326,730  
   
Company, Series 1991A, 6.800%, 6/01/15 (Alternative Minimum Tax)  
     
1,855  
 
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series  
No Opt. Call  
A  
2,240,562  
   
2007A, 5.500%, 11/15/37  
     
5,000  
 
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series  
7/15 at 100.00  
AA–  
5,360,300  
   
2005A-1, 5.000%, 7/01/31 – AGM Insured (UB)  
     
2,510  
 
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series  
7/23 at 100.00  
AA–  
2,919,030  
   
2013B, 5.000%, 7/01/29 (WI/DD, Settling 6/04/13)  
     
   
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005:  
     
4,000  
 
5.000%, 9/01/26 – SYNCORA GTY Insured  
9/15 at 100.00  
N/R  
4,122,400  
1,260  
 
5.125%, 9/01/31 – SYNCORA GTY Insured  
9/15 at 100.00  
N/R  
1,291,223  
2,800  
 
5.250%, 9/01/36 – SYNCORA GTY Insured  
9/15 at 100.00  
N/R  
2,865,940  
1,305  
 
Southern California Public Power Authority, California, Milford Wind Corridor Phase I Revenue  
1/20 at 100.00  
AA–  
1,492,085  
   
Bonds, Series 2010-1, 5.000%, 7/01/28  
     
32,890  
 
Total Utilities  
   
35,544,197  
   
Water and Sewer – 14.2% (9.8% of Total Investments)  
     
4,710  
 
Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost  
4/23 at 100.00  
AA–  
5,526,573  
   
Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/28  
     
1,185  
 
Burbank, California, Wastewater System Revenue Bonds, Series 2004A, 5.000%, 6/01/24 –  
6/14 at 100.00  
AA+  
1,234,415  
   
AMBAC Insured  
     
8,380  
 
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon  
No Opt. Call  
Baa3  
8,404,553  
   
Resources Channelside Desalination Project, Series 2012, 5.000%, 11/21/45 (Alternative  
     
   
Minimum Tax)  
     
890  
 
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,  
4/16 at 100.00  
AA–  
958,975  
   
5.000%, 4/01/36 – NPFG Insured  
     
1,250  
 
Indio Water Authority, California, Water Revenue Bonds, Series 2006, 5.000%, 4/01/31 –  
4/16 at 100.00  
A  
1,351,413  
   
AMBAC Insured  
     
4,685  
 
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2011A,  
1/21 at 100.00  
AA  
5,305,107  
   
5.250%, 7/01/39 (UB)  
     
1,500  
 
Los Angeles, California, Wastewater System Revenue Bonds, Subordinate Lien, Refunding Series  
6/23 at 100.00  
AA  
1,709,520  
   
2013A, 5.000%, 6/01/34  
     
4,705  
 
Madera Irrigation District. California, Water Revenue Refunding Bonds, Series 2008,  
1/18 at 100.00  
A–  
5,033,268  
   
5.500%, 1/01/38  
     
3,000  
 
Metropolitan Water District of Southern California, Water Revenue Bonds, 2006 Authorization  
7/17 at 100.00  
AAA  
3,358,080  
   
Series 2007A, 5.000%, 7/01/37  
     
1,510  
 
Orange County Sanitation District, California, Certificates of Participation, Tender Option  
2/19 at 100.00  
AAA  
2,339,730  
   
Bond Trust 3020-1, 17.882%, 2/01/35 (IF) (4)  
     
2,525  
 
Sacramento County Sanitation District Financing Authority, California, Revenue Refunding  
No Opt. Call  
AA  
3,185,260  
   
Bonds, Series 2001, 5.500%, 12/01/20 – AMBAC Insured  
     
11,320  
 
San Diego Public Facilities Financing Authority, California, Sewerage Revenue Bonds, Refunding  
5/20 at 100.00  
AA  
13,391,330  
   
Series 2010A, 5.250%, 5/15/25  
     
2,000  
 
West Basin Municipal Water District, California, Certificates of Participation, Refunding  
8/18 at 100.00  
AA–  
2,223,440  
   
Series 2008B, 5.000%, 8/01/28 – AGC Insured  
     
 47,660    
Total Water and Sewer
   
54,021,664  
  $ 540,263   
Total Investments (cost $499,870,792) – 145.4%  
 
 
552,098,588  
   
Floating Rate Obligations – (4.6)%  
   
(17,320,000)  
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (41.9)% (6)  
   
(158,900,000)  
   
Other Assets Less Liabilities – 1.1%  
   
3,755,787  
   
Net Assets Applicable to Common Shares – 100%  
   
$ 379,634,375  
 
 
 
 

 

 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
 
 
Level 1  
Level 2  
Level 3  
Total  
Long-Term Investments:  
       
Municipal Bonds  
$ —  
$552,098,588  
$ —  
$552,098,588  
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of May 31, 2013, the cost of investments was $482,205,922.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of May 31, 2013, were as follows:
 
   
Gross unrealized:  
 
Appreciation  
$ 53,854,356  
Depreciation  
(1,282,623)
Net unrealized appreciation (depreciation) of investments  
$52,571,733  
 
     
(1)  
 
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares  
   
unless otherwise noted.  
(2)  
 
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There  
   
may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be  
   
subject to periodic principal paydowns.  
(3)  
 
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc.  
   
(“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB  
   
by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of  
   
these national rating agencies.  
(4)  
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for  
   
investments in inverse floating rate transactions.  
(5)  
 
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,  
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or  
   
agency securities are regarded as having an implied rating equal to the rating of such securities.  
(6)  
 
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 28.8%.  
WI/DD  
 
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.  
(ETM)  
 
Escrowed to maturity.  
(IF)  
 
Inverse floating rate investment.  
(UB)  
 
Underlying bond of an inverse floating rate trust reflected as a financing transaction.  
 
 
 
 
 

 
 
Item 2. Controls and Procedures.

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

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

 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)   Nuveen California Select Quality Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          July 30, 2013        
 
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:          July 30, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          July 30, 2013        
 

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