Investment Company Act file number 811-09297
Nuveen Dividend Advantage Municipal Fund
(Exact name of registrant as specified in charter)
333 West Wacker Drive, Chicago, Illinois, 60606
Address of principal executive offices) (Zip code)
Jessica R. Droeger—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: 10/31
Date of reporting period: 7/31/04
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 Dividend Advantage Municipal Fund (NAD)
July 31, 2004
| Principal |
Optional Call |
Market |
||||
|---|---|---|---|---|---|---|
| Amount (000) |
Description(1) |
Provisions* |
Ratings** |
Value |
||
Alabama - 0.2% |
||||||
|
||||||
| $ | 1,500 |
Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2000, 5.750%, 12/01/20 |
6/10 at 102.00 |
A- |
$ 1,423,035 |
|
Arizona - 2.6% |
||||||
|
||||||
15,000 |
Maricopa County, Arizona, Pollution Control Corporation, Remarketing Pollution Control Revenue |
No Opt. Call |
BB+ |
15,479,850 |
||
Bonds, El Paso Electric Company, Series 1994A, 6.375%, 7/01/14 (Mandatory put 8/01/05) |
||||||
California - 2.6% |
||||||
|
||||||
2,605 |
California, General Obligation Bonds, Series 1997, 5.000%, 10/01/18 - AMBAC Insured |
10/07 at 101.00 |
AAA |
2,703,990 |
||
2,475 |
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2001A-3, |
7/06 at 100.00 |
AA- |
2,580,485 |
||
5.375%, 7/01/20 |
||||||
9,375 |
Sacramento County Sanitation District Financing Authority, California, Revenue Bonds, Series 2000A, |
12/05 at 101.00 |
AA |
9,948,375 |
||
5.875%, 12/01/27 |
||||||
Colorado - 3.2% |
||||||
|
||||||
10,250 |
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1996D, 5.500%, 11/15/25 - |
11/06 at 101.00 |
AAA |
10,714,325 |
||
MBIA Insured |
||||||
2,950 |
Denver Convention Center Hotel Authority, Colorado, Convention Center Hotel Senior Revenue Bonds, |
12/13 at 100.00 |
AAA |
3,008,263 |
||
Series 2003A, 5.000%, 12/01/22 - XLCA Insured |
||||||
1,475 |
City and County of Denver, Colorado, FHA-Insured Mortgage Loan Multifamily Housing Revenue Bonds, |
10/07 at 102.00 |
AAA |
1,506,211 |
||
Boston Lofts Project, Series 1997A, 5.750%, 10/01/27 (Alternative Minimum Tax) |
||||||
3,205 |
City and County of Denver, Colorado, Airport Special Facilities Revenue Bonds, Rental Car Projects, |
1/09 at 101.00 |
AAA |
3,544,666 |
||
Series 1999A, 6.000%, 1/01/12 (Alternative Minimum Tax) - MBIA Insured |
||||||
Connecticut - 0.5% |
||||||
|
||||||
Connecticut Development Authority, Health Facilities Revenue Refunding Bonds, Alzheimer's Resource |
||||||
Center of Connecticut Inc., Series 1994A: |
||||||
290 |
6.875%, 8/15/04 |
No Opt. Call |
N/R |
289,994 |
||
2,700 |
7.125%, 8/15/14 |
8/04 at 102.00 |
N/R |
2,666,655 |
||
Florida - 3.1% |
||||||
|
||||||
1,630 |
Florida Housing Finance Agency, Housing Revenue Bonds, Mar Lago Village Apartments Project, |
12/07 at 102.00 |
AAA |
1,703,546 |
||
Series 1997F, 5.800%, 12/01/17 (Alternative Minimum Tax) - AMBAC Insured |
||||||
13,625 |
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds, |
12/04 at 102.00 |
BBB- |
13,988,924 |
||
Indiantown Cogeneration LP Project, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax) |
||||||
2,405 |
Venice, Florida, Bon Secours Health System, Revenue Bonds, Series 1996, 5.600%, 8/15/16 - MBIA |
8/06 at 102.00 |
AAA |
2,590,810 |
||
Insured |
||||||
Georgia - 1.4% |
||||||
|
||||||
4,000 |
Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2000, 6.000%, 4/01/25 |
4/10 at 102.00 |
AA*** |
4,601,840 |
||
(Pre-refunded to 4/01/10) |
||||||
3,500 |
Gainesville, Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast |
5/09 at 101.00 |
AAA |
3,613,470 |
||
Georgia Health Services Inc. Project, Series 1999, 5.500%, 5/15/29 - MBIA Insured |
||||||
Idaho - 0.4% |
||||||
|
||||||
710 |
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1999E, 5.750%, |
7/09 at 101.00 |
Aa2 |
727,736 |
||
1/01/21 (Alternative Minimum Tax) |
||||||
865 |
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000D, 6.350%, |
1/10 at 100.00 |
Aa2 |
911,122 |
||
7/01/22 (Alternative Minimum Tax) |
||||||
850 |
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000E, 5.950%, |
7/10 at 100.00 |
Aaa |
861,526 |
||
7/01/20 (Alternative Minimum Tax) |
||||||
Illinois - 34.5% |
||||||
|
||||||
3,635 |
Channahon, Illinois, Revenue Refunding Bonds, Morris Hospital, Series 1999, 5.750%, 12/01/12 |
12/09 at 102.00 |
BBB+ |
3,799,993 |
||
22,750 |
Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, Series 1999, |
No Opt. Call |
AAA |
25,349,415 |
||
5.500%, 1/01/23 - FGIC Insured |
||||||
7,250 |
Chicago School Reform Board of Trustees of the Chicago Board of Education, Illinois, Unlimited Tax |
No Opt. Call |
AAA |
7,935,053 |
||
General Obligation Bonds, Dedicated Tax Revenues, Series 1999A, 5.500%, 12/01/26 - FGIC Insured |
||||||
2,300 |
Chicago, Illinois, Motor Fuel Tax Revenue Refunding Bonds, Series 1993, 5.375%, 1/01/14 - AMBAC |
No Opt. Call |
AAA |
2,543,248 |
||
Insured |
||||||
Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments, |
||||||
Series 1999A: |
||||||
905 |
5.500%, 12/20/19 (Alternative Minimum Tax) |
10/10 at 101.00 |
AAA |
945,173 |
||
1,210 |
5.600%, 12/20/29 (Alternative Minimum Tax) |
10/10 at 101.00 |
AAA |
1,228,319 |
||
1,925 |
5.650%, 12/20/40 (Alternative Minimum Tax) |
10/10 at 101.00 |
AAA |
1,951,103 |
||
4,940 |
Chicago, Illinois, Wastewater Transmission Revenue Bonds, Series 1995, 5.125%, 1/01/25 - FGIC |
1/06 at 102.00 |
AAA |
4,988,017 |
||
Insured |
||||||
5,100 |
Chicago, Illinois, Water Revenue Bonds, Series 1997, 5.250%, 11/01/27 (Pre-refunded to 11/01/07) - |
11/07 at 102.00 |
AAA |
5,192,259 |
||
FGIC Insured |
||||||
1,000 |
DuPage County Community Unit School District No. 200, Wheaton, Illinois, General Obligation Bonds, |
11/13 at 100.00 |
Aaa |
1,065,140 |
||
Series 2003B, 5.250%, 11/01/20 - FSA Insured |
||||||
24,835 |
Illinois Development Finance Authority, Revenue Bonds, Presbyterian Home of Lake Forest Project, |
9/07 at 102.00 |
AAA |
26,149,765 |
||
Series 1999, 5.625%, 9/01/31 - FSA Insured |
||||||
3,935 |
Illinois Development Finance Authority, Local Government Program Revenue Bonds, Round Lake |
No Opt. Call |
Aaa |
2,430,531 |
||
Community Unit School District 116 Project, Series 1999, 0.000%, 1/01/15 - MBIA Insured |
||||||
2,750 |
Illinois Educational Facilities Authority, Revenue Bonds, MJH Education Assistance Illinois LLC, |
9/09 at 100.00 |
AAA |
2,759,845 |
||
Series 1999D, 5.450%, 9/01/14 (Pre-refunded to 9/01/09) - AMBAC Insured |
||||||
Illinois Health Facilities Authority, Revenue Bonds, Loyola University Health System, Series 1997A: |
||||||
1,600 |
5.000%, 7/01/24 (Pre-refunded to 7/01/07) - MBIA Insured |
7/07 at 101.00 |
AAA |
1,730,800 |
||
5,400 |
5.000%, 7/01/24 - MBIA Insured |
7/07 at 101.00 |
AAA |
5,427,810 |
||
5,490 |
Illinois Health Facilities Authority, Revenue Bonds, Sarah Bush Lincoln Health Center, Series |
2/07 at 102.00 |
A |
5,648,387 |
||
1996B, 5.500%, 2/15/16 |
||||||
17,280 |
Illinois Health Facilities Authority, Converted Adjustable Rate Revenue Bonds, Highland Park |
10/07 at 102.00 |
AAA |
19,433,434 |
||
Hospital, Series 1991A, 6.000%, 10/01/15 (Pre-refunded to 10/01/07) - FGIC Insured |
||||||
9,920 |
Illinois Health Facilities Authority, Remarketed Revenue Bonds, University of Chicago Project, |
8/11 at 103.00 |
Aa1 |
10,787,802 |
||
Series 1985A, 5.500%, 8/01/20 |
||||||
7,245 |
Illinois Health Facilities Authority, Revenue Refunding Bonds, Proctor Community Hospital Project, |
1/05 at 100.00 |
BB+ |
7,245,942 |
||
Series 1991, 7.375%, 1/01/23 |
||||||
5,000 |
Community Unit School District No. 300, Kane, McHenry, Cook and DeKalb Counties, Illinois, |
12/11 at 100.00 |
AAA |
5,468,500 |
||
General Obligation Bonds, Series 2000, 5.500%, 12/01/19 - MBIA Insured |
||||||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Refunding |
||||||
Bonds, Series 1996A: |
||||||
9,750 |
0.000%, 12/15/22 - MBIA Insured |
No Opt. Call |
AAA |
3,758,231 |
||
13,000 |
0.000%, 12/15/23 - MBIA Insured |
No Opt. Call |
AAA |
4,688,060 |
||
20,500 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, |
12/09 at 101.00 |
AAA |
21,846,645 |
||
Series 1999A, 5.500%, 12/15/24 - FGIC Insured |
||||||
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, |
||||||
General Obligation Bonds, Series 1999: |
||||||
22,650 |
5.750%, 6/01/19 - FSA Insured |
No Opt. Call |
AAA |
26,182,721 |
||
3,500 |
5.750%, 6/01/23 - FSA Insured |
No Opt. Call |
AAA |
4,015,235 |
||
4,500 |
Will County School District No. 122, New Lenox, Illinois, General Obligation Bonds, Series 2000B, |
No Opt. Call |
Aaa |
2,247,750 |
||
0.000%, 11/01/18 - FSA Insured |
||||||
Indiana - 3.8% |
||||||
|
||||||
8,000 |
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Clarian Health Obligated |
8/10 at 101.50 |
AAA |
8,276,480 |
||
Group, Series 2000A, 5.500%, 2/15/26 - MBIA Insured |
||||||
8,755 |
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Charity Obligated Group, |
11/09 at 101.00 |
AAA |
9,838,081 |
||
Series 1999D, 5.500%, 11/15/24 (Pre-refunded to 11/15/09) - MBIA Insured |
||||||
4,190 |
Indianapolis, Indiana, Economic Development Revenue Bonds, Park Tudor Foundation Inc., Project, |
6/09 at 101.00 |
Aa3 |
4,411,106 |
||
Series 1999, 5.700%, 6/01/24 |
||||||
Iowa - 2.0% |
||||||
|
||||||
11,135 |
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, Waldorf College |
10/10 at 102.00 |
N/R |
11,805,104 |
||
Project, Series 1999, 7.375%, 10/01/19 |
||||||
Kansas - 0.6% |
||||||
|
||||||
3,825 |
Wichita, Kansas, Water and Sewer Utility Revenue Bonds, Series 1999, 4.000%, 10/01/18 - FGIC |
10/06 at 101.00 |
AAA |
3,682,366 |
||
Insured |
||||||
Kentucky - 5.8% |
||||||
|
||||||
3,030 |
Hardin County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series |
2/10 at 101.00 |
Aa3 |
3,348,726 |
||
2000, 5.750%, 2/01/20 |
||||||
Kentucky Economic Development Finance Authority, Hospital System Revenue Refunding and Improvement |
||||||
Bonds, Appalachian Regional Healthcare Inc. Project, Series 1997: |
||||||
1,850 |
5.850%, 10/01/17 |
4/08 at 102.00 |
BB- |
1,741,683 |
||
5,000 |
5.875%, 10/01/22 |
4/08 at 102.00 |
BB- |
4,583,450 |
||
Newport Public Properties Corporation, Kentucky, First Mortgage Revenue Bonds, Public Parking and |
||||||
Plaza Project, Series 2000A: |
||||||
17,240 |
8.375%, 1/01/18 |
7/10 at 104.00 |
N/R |
17,765,820 |
||
3,000 |
8.500%, 1/01/27 |
7/10 at 104.00 |
N/R |
3,091,410 |
||
3,875 |
8.375%, 1/01/27 |
7/10 at 104.00 |
N/R |
3,993,188 |
||
Louisiana - 2.1% |
||||||
|
||||||
2,245 |
Lafayette, Louisiana, Public Improvement Sales Tax Bonds, Series 2000B, 5.625%, 5/01/25 - FGIC |
5/10 at 101.50 |
AAA |
2,402,981 |
||
Insured |
||||||
1,750 |
Louisiana Local Government Environmental Facilities and Community Development Authority, GNMA |
6/12 at 105.00 |
Aaa |
1,916,495 |
||
Collateralized Mortgage Revenue Refunding Bonds, Sharlo Apartments Project, Series 2002A, 6.500%, |
||||||
6/20/37 |
||||||
9,545 |
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, Series |
5/11 at 101.00 |
BBB |
8,049,489 |
||
2001B, 5.500%, 5/15/30 |
||||||
Maryland - 0.9% |
||||||
|
||||||
5,000 |
Maryland Community Development Administration, Residential Revenue Bonds, Series 2000G, 5.950%, |
9/09 at 100.00 |
Aa2 |
5,183,300 |
||
9/01/29 (Alternative Minimum Tax) |
||||||
Massachusetts - 1.7% |
||||||
|
||||||
1,500 |
Boston Industrial Development Financing Authority, Massachusetts, Subordinate Revenue Bonds, |
9/12 at 102.00 |
N/R |
1,537,545 |
||
Crosstown Center Project, Series 2002, 8.000%, 9/01/35 (Alternative Minimum Tax) |
||||||
785 |
Massachusetts Port Authority, Special Facilities Revenue Bonds, US Airways Group Inc., Series |
9/06 at 102.00 |
AAA |
809,186 |
||
1996A, 5.875%, 9/01/23 (Alternative Minimum Tax) - MBIA Insured |
||||||
7,000 |
Massachusetts Port Authority, Special Facilities Revenue Bonds, BOSFUEL Corporation, Series 1997, |
7/07 at 102.00 |
AAA |
7,462,980 |
||
5.500%, 7/01/18 (Alternative Minimum Tax) - MBIA Insured |
||||||
555 |
Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 32, 6.600%, |
12/04 at 102.00 |
AA |
567,943 |
||
12/01/26 (Alternative Minimum Tax) |
||||||
Michigan - 1.6% |
||||||
|
||||||
Detroit, Michigan, Senior Lien Water Supply System Revenue Bonds, Series 2001A: |
||||||
2,565 |
5.250%, 7/01/33 (Pre-refunded to 7/01/11) - FGIC Insured |
7/11 at 100.00 |
AAA |
2,848,638 |
||
2,435 |
5.250%, 7/01/33 - FGIC Insured |
7/11 at 100.00 |
AAA |
2,479,390 |
||
4,000 |
Wayne County, Michigan, Airport Revenue Bonds, Detroit Metropolitan Airport, Series 1998A, 5.375%, |
12/08 at 101.00 |
AAA |
4,252,560 |
||
12/01/16 (Alternative Minimum Tax) - MBIA Insured |
||||||
Minnesota - 0.6% |
||||||
|
||||||
2,250 |
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Special Facilities Revenue Bonds, |
4/11 at 101.00 |
N/R |
1,878,120 |
||
Northwest Airlines Inc. Project, Series 2001A, 7.000%, 4/01/25 (Alternative Minimum Tax) |
||||||
1,685 |
Minnesota Housing Finance Agency, Single Family Mortgage Bonds, Series 1998H-1, 5.650%, 7/01/31 |
1/10 at 101.00 |
AA+ |
1,738,735 |
||
(Alternative Minimum Tax) |
||||||
Missouri - 1.4% |
||||||
|
||||||
Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System, Series |
||||||
2001A: |
||||||
4,370 |
5.250%, 6/01/21 - AMBAC Insured |
6/11 at 101.00 |
AAA |
4,568,005 |
||
3,670 |
5.250%, 6/01/28 - AMBAC Insured |
6/11 at 101.00 |
AAA |
3,737,675 |
||
Montana - 0.5% |
||||||
|
||||||
1,800 |
Montana Board of Housing, Single Family Mortgage Bonds, Series 2000A-2, 6.450%, 6/01/29 |
12/09 at 100.00 |
AA+ |
1,875,708 |
||
(Alternative Minimum Tax) |
||||||
1,000 |
Montana Higher Education Student Assistance Corporation, Student Loan Revenue Bonds, Subordinate |
12/09 at 100.00 |
A2 |
1,036,320 |
||
Series 1999B, 6.400%, 12/01/32 (Alternative Minimum Tax) |
||||||
Nebraska - 0.3% |
||||||
|
||||||
1,800 |
Nebraska Higher Education Loan Program Incorporated, Senior Subordinate Bonds, Series 1993A-5A, |
No Opt. Call |
AAA |
1,905,804 |
||
6.200%, 6/01/13 (Alternative Minimum Tax) - MBIA Insured |
||||||
Nevada - 0.5% |
||||||
|
||||||
6,000 |
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas Monorail |
No Opt. Call |
AAA |
2,905,380 |
||
Project, First Tier, Series 2000, 0.000%, 1/01/19 - AMBAC Insured |
||||||
New Hampshire - 0.5% |
||||||
|
||||||
2,745 |
New Hampshire Housing Finance Agency, Single Family Mortgage Acquisition Revenue Bonds, Series |
7/05 at 102.00 |
Aa2 |
2,763,501 |
||
1995D, 6.550%, 7/01/26 (Alternative Minimum Tax) |
||||||
New Jersey - 7.8% |
||||||
|
||||||
3,150 |
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2000A, |
6/10 at 101.00 |
AAA |
3,302,397 |
||
6.000%, 6/01/13 (Alternative Minimum Tax) - MBIA Insured |
||||||
2,000 |
New Jersey Health Care Facilities Financing Authority, FHA-Insured Mortgage Revenue Bonds, Jersey |
8/11 at 100.00 |
AAA |
2,040,520 |
||
City Medical Center, Series 2001, 4.800%, 8/01/21 - AMBAC Insured |
||||||
15,600 |
New Jersey Economic Development Authority, Solid Waste Facilities Revenue Bonds, Bridgewater |
No Opt. Call |
N/R |
9,117,576 |
||
Resources Inc. Project, Series 1999B, 8.250%, 6/01/19 (Alternative Minimum Tax)# |
||||||
675 |
New Jersey Economic Development Authority, Solid Waste Revenue Bonds, Bridgewater Resources Inc. |
No Opt. Call |
N/R |
395,260 |
||
Project, Series 2003C, 0.000%, 6/30/05# |
||||||
4,130 |
New Jersey Transit Corporation, Certificates of Participation, Federal Transit Administration |
No Opt. Call |
AAA |
4,618,951 |
||
Grants, Series 2002A, 5.500%, 9/15/13 - AMBAC Insured |
||||||
4,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 1999A, 5.750%, |
No Opt. Call |
A+ |
4,567,320 |
||
6/15/18 |
||||||
10,000 |
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal |
12/07 at 102.00 |
AAA |
10,966,700 |
||
LLC, Sixth Series 1997, 5.900%, 12/01/17 (Alternative Minimum Tax) - MBIA Insured |
||||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series |
||||||
2002: |
||||||
9,705 |
5.750%, 6/01/32 |
6/12 at 100.00 |
BBB |
8,509,150 |
||
3,165 |
6.125%, 6/01/42 |
6/12 at 100.00 |
BBB |
2,543,109 |
||
New York - 18.4% |
||||||
|
||||||
5,000 |
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A, |
6/08 at 101.00 |
AAA |
5,114,300 |
||
5.250%, 12/01/26 - FSA Insured |
||||||
Nassau County, New York, General Obligations, Serial General Improvement Bonds, Series B: |
||||||
4,005 |
5.250%, 6/01/19 (Pre-refunded to 6/01/09) - AMBAC Insured |
6/09 at 102.00 |
AAA |
4,494,812 |
||
7,005 |
5.250%, 6/01/20 (Pre-refunded to 6/01/09) - AMBAC Insured |
6/09 at 102.00 |
AAA |
7,861,712 |
||
7,005 |
5.250%, 6/01/21 - AMBAC Insured |
6/09 at 102.00 |
AAA |
7,602,316 |
||
2,000 |
New York City, New York, General Obligation Bonds, Fiscal Series 1998E, 5.250%, 8/01/14 - AMBAC |
2/08 at 101.00 |
AAA |
2,159,920 |
||
Insured |
||||||
14,000 |
New York City, New York, General Obligation Bonds, Series 1998F, 5.375%, 8/01/19 - MBIA Insured |
2/08 at 101.00 |
AAA |
15,082,200 |
||
12,350 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series |
5/10 at 101.00 |
AA+*** |
13,960,317 |
||
2000C, 5.500%, 11/01/29 (Pre-refunded to 5/01/10) |
||||||
10,000 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series |
8/09 at 101.00 |
AA+*** |
11,381,900 |
||
2000A, 5.750%, 8/15/24 (Pre-refunded to 8/15/09) |
||||||
4,600 |
Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services |
2/07 at 102.00 |
AAA |
4,912,294 |
||
Facilities, Series 1996E, 5.250%, 2/15/18 - AMBAC Insured |
||||||
2,170 |
Dormitory Authority of the State of New York, Insured Revenue Bonds, Franciscan Health Partnership |
7/07 at 102.00 |
AA |
2,316,453 |
||
Obligated Group - Frances Shervier Home and Hospital, Series 1997, 5.500%, 7/01/17 - RAAI Insured |
||||||
Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services |
||||||
Facilities, Series 1996B: |
||||||
4,305 |
5.125%, 8/15/21 (Pre-refunded to 2/15/06) - MBIA Insured |
2/06 at 100.00 |
AAA |
4,601,270 |
||
165 |
5.125%, 8/15/21 - MBIA Insured |
2/06 at 102.00 |
AAA |
171,044 |
||
7,500 |
Dormitory Authority of the State of New York, Secured Hospital Revenue Refunding Bonds, Wyckoff |
2/08 at 101.50 |
AAA |
7,965,000 |
||
Heights Medical Center, Series 1998H, 5.300%, 8/15/21 - MBIA Insured |
||||||
10,000 |
Dormitory Authority of the State of New York, Third General Resolution Consolidated Revenue Bonds, |
7/09 at 101.00 |
AAA |
11,263,200 |
||
City University System, Series 1999-1, 5.500%, 7/01/29 (Pre-refunded to 7/01/09) - FSA Insured |
||||||
2,000 |
Dormitory Authority of the State of New York, Third General Resolution Consolidated Revenue Bonds, |
1/08 at 102.00 |
AAA |
2,216,700 |
||
City University System, Series 1997-1, 5.375%, 7/01/24 (Pre-refunded to 1/01/08) - FSA Insured |
||||||
7,500 |
New York State Urban Development Corporation, Correctional Facilities Revenue Bonds, Series 1995-6, |
1/06 at 102.00 |
AAA |
8,020,800 |
||
5.375%, 1/01/25 (Pre-refunded to 1/01/06) - AMBAC Insured |
||||||
North Carolina - 0.5% |
||||||
|
||||||
3,000 |
Wake County, North Carolina, General Obligation School Bonds, Series 2001B, 5.250%, 2/01/17 |
2/11 at 102.00 |
AAA |
3,256,530 |
||
Ohio - 4.4% |
||||||
|
||||||
2,300 |
Amherst Exempted Village School District, Ohio, Unlimited Tax General Obligation School Improvement |
12/11 at 100.00 |
Aaa |
2,395,542 |
||
Bonds, Series 2001, 5.125%, 12/01/21 - FGIC Insured |
||||||
3,635 |
Franklin County, Ohio, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Hamilton Creek |
1/05 at 103.00 |
Aa |
3,681,128 |
||
Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax) |
||||||
5,650 |
Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series |
9/08 at 102.00 |
N/R |
5,270,659 |
||
1998A, 5.875%, 9/01/20 (Alternative Minimum Tax) |
||||||
13,500 |
Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series |
9/09 at 102.00 |
N/R |
13,578,435 |
||
1998B, 6.625%, 9/01/20 (Alternative Minimum Tax) |
||||||
1,115 |
Warren County, Ohio, Special Assessment General Obligation Bonds, Waterstone Boulevard, Series |
12/07 at 101.00 |
Aa2 |
1,214,068 |
||
1997, 5.500%, 12/01/17 |
||||||
Oregon - 0.4% |
||||||
|
||||||
2,355 |
Portland, Oregon, Downtown Waterfront Urban Renewal and Redevelopment Bonds, Series 2000A, |
6/10 at 101.00 |
Aaa |
2,558,284 |
||
5.500%, 6/15/20 - AMBAC Insured |
||||||
Pennsylvania - 5.0% |
||||||
|
||||||
3,480 |
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, West Penn Allegheny |
11/10 at 102.00 |
B |
3,905,012 |
||
Health System, Series 2000B, 9.250%, 11/15/22 |
||||||
2,180 |
Carbon County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue Refunding |
No Opt. Call |
BBB- |
2,346,748 |
||
Bonds, Panther Creek Partners Project, Series 2000, 6.650%, 5/01/10 (Alternative Minimum Tax) |
||||||
18,900 |
Philadelphia Airport System, Pennsylvania, Revenue Refunding Bonds, Series 1998A, 5.500%, 6/15/18 |
6/08 at 102.00 |
AAA |
20,107,143 |
||
(Alternative Minimum Tax) - FGIC Insured |
||||||
3,205 |
Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2002B, 5.625%, |
8/12 at 100.00 |
AAA |
3,516,109 |
||
8/01/16 - FGIC Insured |
||||||
Puerto Rico - 2.0% |
||||||
|
||||||
12,500 |
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003, 4.500%, |
No Opt. Call |
AA*** |
12,007,375 |
||
12/01/23 |
||||||
Rhode Island - 2.7% |
||||||
|
||||||
2,015 |
Central Falls, Rhode Island, General Obligation School Bonds, Series 1999, 6.250%, 5/15/20 - RAAI |
5/09 at 102.00 |
AA |
2,251,521 |
||
Insured |
||||||
3,500 |
Providence Redevelopment Agency, Rhode Island, Revenue Bonds, Public Safety and Municipal Building |
4/10 at 101.00 |
Aaa |
3,759,000 |
||
Projects, Series 1999A, 5.750%, 4/01/29 - AMBAC Insured |
||||||
12,000 |
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, |
6/12 at 100.00 |
BBB |
10,161,360 |
||
Series 2002A, 6.125%, 6/01/32 |
||||||
Tennessee - 2.1% |
||||||
|
||||||
5,260 |
Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 1999D, 6.000%, |
3/10 at 101.00 |
AAA |
5,738,923 |
||
3/01/24 (Alternative Minimum Tax) - AMBAC Insured |
||||||
2,425 |
Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 2001B, 5.125%, |
3/11 at 100.00 |
AAA |
2,455,022 |
||
3/01/26 - FSA Insured |
||||||
2,580 |
Tennessee Housing Development Agency, Homeownership Program Bonds, Series 2000-1, 6.375%, 7/01/25 |
7/10 at 101.00 |
AA |
2,637,921 |
||
(Alternative Minimum Tax) |
||||||
1,475 |
Tennessee Housing Development Agency, Homeownership Program Bonds, Series 2000-2B, 6.250%, 1/01/20 |
7/10 at 100.00 |
AA |
1,518,542 |
||
(Alternative Minimum Tax) |
||||||
Texas - 14.4% |
||||||
|
||||||
1,000 |
Alliance Airport Authority Inc., Texas, Special Facilities Revenue Bonds, American Airlines Inc. |
12/04 at 100.00 |
CCC |
686,780 |
||
Project, Series 1990, 7.500%, 12/01/29 (Alternative Minimum Tax) |
||||||
Austin, Texas, Prior Lien Airport System Revenue Bonds, Series 1995A: |
||||||
1,660 |
6.125%, 11/15/25 (Alternative Minimum Tax) (Pre-refunded to 11/15/05) - MBIA Insured |
11/05 at 102.00 |
AAA |
1,776,200 |
||
8,340 |
6.125%, 11/15/25 (Alternative Minimum Tax) - MBIA Insured |
11/05 at 102.00 |
AAA |
8,888,021 |
||
2,560 |
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric Company |
4/13 at 101.00 |
BBB |
2,944,640 |
||
Project, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax) |
||||||
4,675 |
Carrollton-Farmers Branch Independent School District, Dallas County, Texas, Unlimited |
2/09 at 100.00 |
AAA |
5,265,219 |
||
Tax School Building Bonds, Series 1999, 6.000%, 2/15/20 (Pre-refunded to 2/15/09) |
||||||
Coppell Independent School District, Dallas County, Texas, Unlimited Tax School Building and |
||||||
Refunding Bonds , Series 1999: |
||||||
5,130 |
0.000%, 8/15/20 |
8/09 at 52.47 |
AAA |
2,147,162 |
||
7,000 |
0.000%, 8/15/21 |
8/09 at 49.48 |
AAA |
2,742,810 |
||
7,345 |
0.000%, 8/15/23 |
8/09 at 44.01 |
AAA |
2,507,436 |
||
7,000 |
0.000%, 8/15/24 |
8/09 at 41.50 |
AAA |
2,223,550 |
||
7,350 |
0.000%, 8/15/25 |
8/09 at 39.14 |
AAA |
2,174,351 |
||
7,000 |
0.000%, 8/15/26 |
8/09 at 36.91 |
AAA |
1,943,340 |
||
2,000 |
Dallas-Ft. Worth International Airport Facility Improvement Corporation, Texas, Revenue Refunding |
11/05 at 100.00 |
CCC |
1,906,260 |
||
Bonds, American Airlines Inc., Series 2000B, 6.050%, 5/01/29 (Alternative Minimum Tax) (Mandatory |
||||||
put 11/01/05) |
||||||
6,000 |
Dallas-Ft. Worth International Airport Facility Improvement Corporation, Texas, Revenue Refunding |
11/07 at 100.00 |
CCC |
5,226,120 |
||
Bonds, American Airlines Inc., Series 2000C, 6.150%, 5/01/29 (Alternative Minimum Tax) (Mandatory |
||||||
put 11/01/07) |
||||||
Harris County Health Facilities Development Corporation, Texas, Revenue Bonds, Christus Health, |
||||||
Series 1999A: |
||||||
12,240 |
5.375%, 7/01/24 - MBIA Insured |
7/09 at 101.00 |
AAA |
12,585,780 |
||
11,000 |
5.375%, 7/01/29 - MBIA Insured |
7/09 at 101.00 |
AAA |
11,180,510 |
||
2,500 |
Jefferson County, Texas, Certificates of Obligation, Series 2000, 6.000%, 8/01/25 (Pre-refunded to |
8/10 at 100.00 |
AAA |
2,871,900 |
||
8/01/10) - FSA Insured |
||||||
4,245 |
Laredo Independent School District, Webb County, Texas, Unlimited Tax School Building Bonds, Series |
8/09 at 100.00 |
AAA |
4,371,077 |
||
1999, 5.250%, 8/01/24 |
||||||
2,000 |
Laredo, Texas, Sports Venue Sales Tax Revenue Bonds, Series 2001, 5.300%, 3/15/26 - FGIC Insured |
3/09 at 100.00 |
AAA |
2,060,480 |
||
1,500 |
Port Arthur, Texas, Jefferson County, General Obligation Bonds, Series 1997, 5.000%, 2/15/21 - |
2/07 at 100.00 |
AAA |
1,531,230 |
||
MBIA Insured |
||||||
10,000 |
Tarrant County, Health Facilities Development Corporation, Texas Health Resources System |
2/08 at 102.00 |
AAA |
10,544,500 |
||
Revenue Bonds, Series 1997A, 5.250%, 2/15/17 - MBIA Insured |
||||||
Utah - 0.6% |
||||||
|
||||||
40 |
Utah Housing Finance Agency, Single Family Mortgage Senior Bonds, Federally Insured or Guaranteed |
1/05 at 102.00 |
AAA |
40,413 |
||
Mortgage Loans, Series 1994F, 7.000%, 7/01/27 (Alternative Minimum Tax) |
||||||
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999C-2, Class II: |
||||||
940 |
5.700%, 7/01/19 (Alternative Minimum Tax) |
1/10 at 101.50 |
AAA |
988,100 |
||
315 |
5.750%, 7/01/21 (Alternative Minimum Tax) |
1/10 at 101.50 |
AA |
329,578 |
||
345 |
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999D, 5.850%, 7/01/21 |
7/09 at 101.00 |
AA |
353,339 |
||
(Alternative Minimum Tax) |
||||||
150 |
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999F, 6.300%, 7/01/21 |
7/09 at 101.50 |
Aa2 |
152,153 |
||
(Alternative Minimum Tax) |
||||||
1,705 |
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 2000F-2, Class III, 6.000%, |
7/10 at 100.00 |
AA- |
1,759,202 |
||
1/01/15 (Alternative Minimum Tax) |
||||||
Virginia - 1.4% |
||||||
|
||||||
4,815 |
Metropolitan District of Columbia Airports Authority, Virginia, Airport System Revenue Bonds, |
10/04 at 100.00 |
AAA |
4,845,238 |
||
Series 1994A, 5.500%, 10/01/24 (Alternative Minimum Tax) (Pre-refunded to 10/01/04) - MBIA Insured |
||||||
3,395 |
Virginia Small Business Financing Authority, Industrial Development Water Revenue Bonds, S.I.L. |
11/09 at 102.00 |
N/R |
3,309,140 |
||
Clean Water, LLC Project, Series 1999, 7.250%, 11/01/24 (Alternative Minimum Tax) |
||||||
Washington - 10.9% |
||||||
|
||||||
4,000 |
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 3, Series 2003A, |
7/13 at 100.00 |
Aaa |
4,330,760 |
||
5.500%, 7/01/17 |
||||||
Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999B: |
||||||
1,755 |
6.000%, 9/01/15 (Alternative Minimum Tax) - MBIA Insured |
3/10 at 101.00 |
AAA |
1,942,873 |
||
2,590 |
6.000%, 9/01/16 (Alternative Minimum Tax) - MBIA Insured |
3/10 at 101.00 |
AAA |
2,860,422 |
||
Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999C: |
||||||
875 |
6.000%, 9/01/15 (Alternative Minimum Tax) - MBIA Insured |
3/10 at 101.00 |
AAA |
968,669 |
||
1,260 |
6.000%, 9/01/16 (Alternative Minimum Tax) - MBIA Insured |
3/10 at 101.00 |
AAA |
1,391,557 |
||
9,760 |
Tacoma, Washington, Electric System Revenue Refunding Bonds, Series 2001A, 5.625%, 1/01/21 - |
1/11 at 101.00 |
AAA |
10,655,382 |
||
FSA Insured |
||||||
7,530 |
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, |
6/13 at 100.00 |
BBB |
7,082,944 |
||
Series 2002, 6.500%, 6/01/26 |
||||||
11,605 |
Washington, Certificates of Participation, Washington State Convention and Trade Center, Series |
7/09 at 100.00 |
AAA |
12,458,200 |
||
1999, 5.250%, 7/01/16 - MBIA Insured |
||||||
3,350 |
Washington, General Obligation Compound Interest Bonds, Series 1999S-2, 0.000%, 1/01/18 - FSA |
No Opt. Call |
AAA |
1,735,803 |
||
Insured |
||||||
Washington, General Obligation Compound Interest Bonds, Series 1999S-3: |
||||||
17,650 |
0.000%, 1/01/20 |
No Opt. Call |
Aa1 |
8,058,108 |
||
18,470 |
0.000%, 1/01/21 |
No Opt. Call |
Aa1 |
7,899,804 |
||
4,800 |
Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 3, Series 1997A, |
7/07 at 102.00 |
AAA |
5,146,272 |
||
5.250%, 7/01/16 - FSA Insured |
||||||
Wisconsin - 6.4% |
||||||
|
||||||
3,810 |
La Crosse, Wisconsin, Industrial Development Revenue Refunding Bonds, Dairyland Power Cooperative |
12/08 at 102.00 |
AAA |
4,140,594 |
||
Project, Series 1997C, 5.550%, 2/01/15 - AMBAC Insured |
||||||
4,180 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Kenosha Hospital and Medical |
5/09 at 101.00 |
A |
4,187,773 |
||
Center Inc. Project, Series 1999, 5.625%, 5/15/29 |
||||||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, FH Healthcare Development |
||||||
Inc. Project, Series 1999: |
||||||
8,375 |
6.250%, 11/15/20 |
11/09 at 101.00 |
N/R |
8,930,265 |
||
5,000 |
6.250%, 11/15/28 |
11/09 at 101.00 |
N/R |
5,238,800 |
||
12,700 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Health System |
8/09 at 101.00 |
Aaa |
13,148,560 |
||
Corporation, Series 1999, 5.500%, 8/15/25 - AMBAC Insured |
||||||
2,200 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan Services |
8/13 at 100.00 |
A |
2,085,530 |
||
Inc., Series 2003A, 5.125%, 8/15/33 |
||||||
| $ | 915,645 |
Total Long-Term Investments (cost $826,646,652) - 147.8% |
877,302,558 |
|||
Other Assets Less Liabilities - 1.9% |
11,285,425 |
|||||
Preferred Shares, at Liquidation Value - (49.7)% |
(295,000,000) |
|||||
Net Assets Applicable to Common Shares - 100% |
$593,587,983 |
|||||
(1) |
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common |
||
shares. |
|||
* |
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. |
||
There may be other call provisions at varying prices at later dates. |
|||
** |
Ratings: Using the higher of Standard & Poor's or Moody's rating. |
||
*** |
Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government |
||
agency securities which ensures the timely payment of principal and interest. Such securities are |
|||
normally considered to be equivalent to AAA rated securities. |
|||
# |
Non-income producing security. In June 2003, Waste Solutions Group, Inc. (an entity formed for the |
||
benefit of Nuveen Dividend Advantage Municipal Fund (NAD) which owns various interests in the |
|||
Bridgewater Resources Inc. project) took possession of 45% of the Bridgewater Resources Inc. assets |
|||
on behalf of the Fund. Bridgewater Resources Inc. emerged from bankruptcy in June 2003. NAD, via |
|||
Waste Solutions Group Inc., has agreed to allow debt service reserve monies to be used for capital |
|||
expenses, and has also agreed to a debt service moratorium until December 2005. Nuveen Advisory |
|||
Corp. will continue to actively monitor the Bridgewater Resources, Inc. project, and to cause NAD and |
|||
Waste Solutions Group Inc. to act in what it believes is in the best interests of fund shareholders. |
|||
N/R |
Investment is not rated. |
||
Income Tax Information |
|||
The following information is presented on an income tax basis. Differences between amounts for financial |
|||
statement and federal income tax purposes are primarily due to timing differences in recognizing income |
|||
on taxable market discount securities and timing differences in recognizing gains and losses on security |
|||
transactions. |
|||
At July 31, 2004, the cost of investments was $825,880,716. |
|||
Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2004 were as follows: |
|||
Gross unrealized: |
|||
Appreciation |
$ 63,943,254 |
||
Depreciation |
(12,521,412) |
||
Net unrealized appreciation of investments |
$ 51,421,842 |
||
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 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Dividend Advantage Municipal Fund
By (Signature and Title)* /s/ Jessica R. Droeger--Vice President and Secretary
Date 09/29/04
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Gifford R. Zimmerman--Chief Administrative Officer (Principal Executive Officer)
Date 09/29/04
By (Signature and Title)* /s/ Stephen D. Foy--Vice President and Controller (Principal Financial Officer)
Date 09/29/04
* Print the name and title of each signing officer under his or her signature.