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 811-09475
 
Nuveen Dividend Advantage Municipal Income 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:            10/31          
 
Date of reporting period:         7/31/13         
 
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 Dividend Advantage Municipal Income Fund (NVG)
      
   
July 31, 2013
      
 
 
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Long-Term Investments – 141.0% (97.6% of Total Investments)
      
 
   
Municipal Bonds – 140.7% (97.4% of Total Investments)
      
 
   
Alaska – 0.6% (0.4% of Total Investments)
      
$ 3,035
  
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
6/14 at 100.00
B+
$ 2,429,184
   
Series 2006A, 5.000%, 6/01/32
      
   
Arizona – 1.5% (1.0% of Total Investments)
      
6,000
  
Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 5.500%, 7/01/37 –
No Opt. Call
AA
6,398,160
   
FGIC Insured
      
   
California – 17.8% (12.3% of Total Investments)
      
2,000
  
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate
No Opt. Call
BBB+
1,504,180
   
Lien Series 2004A, 0.000%, 10/01/20 – AMBAC Insured
      
6,160
  
Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds,
No Opt. Call
AA–
2,428,888
   
Capital Appreciation Series 2009B, 0.000%, 8/01/30 – AGC Insured
      
   
California Educational Facilities Authority, Revenue Bonds, Occidental College, Series 2005A:
      
1,485
  
5.000%, 10/01/26 (Pre-refunded 10/01/15) – NPFG Insured
10/15 at 100.00
Aa3 (4)
1,631,020
1,565
  
5.000%, 10/01/27 (Pre-refunded 10/01/15) – NPFG Insured
10/15 at 100.00
Aa3 (4)
1,718,886
10,000
  
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard
8/22 at 100.00
AA
9,589,900
   
Children’s Hospital, Series 2012A, 5.000%, 8/15/51
      
   
California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
      
   
Clinics, Tender Option Bond Trust 3294:
      
340
  
9.461%, 2/15/20 (IF) (5)
No Opt. Call
AA–
312,137
855
  
9.468%, 2/15/20 (IF) (5)
No Opt. Call
AA–
784,873
375
  
9.468%, 2/15/20 (IF) (5)
No Opt. Call
AA–
344,243
14,345
  
Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds,
No Opt. Call
Aa2
3,278,406
   
Capital Appreciation, Election 2006 Refunding Series 2009C, 0.000%, 8/01/39 – AGM Insured
      
   
El Rancho Unified School District, Los Angeles County, California, General Obligation Bonds,
      
   
Election 2010 Series 2011A:
      
2,615
  
0.000%, 8/01/31 – AGM Insured
8/28 at 100.00
A1
1,569,314
3,600
  
0.000%, 8/01/34 – AGM Insured
8/28 at 100.00
A1
2,122,920
2,425
  
Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005,
9/15 at 100.00
A
2,474,470
   
5.000%, 9/01/27 – AMBAC Insured
      
18,665
  
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
6/15 at 100.00
A2
18,468,072
   
Asset-Backed Revenue Bonds, Series 2005A, 5.000%, 6/01/35 – FGIC Insured
      
   
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
      
   
Bonds, Series 2007A-1:
      
3,110
  
4.500%, 6/01/27
6/17 at 100.00
B
2,825,342
1,570
  
5.000%, 6/01/33
6/17 at 100.00
B
1,279,299
1,000
  
5.750%, 6/01/47
6/17 at 100.00
B
780,900
365
  
5.125%, 6/01/47
6/17 at 100.00
B
260,643
1,990
  
Kern Community College District, California, General Obligation Bonds, Series 2006, 0.000%,
No Opt. Call
Aa2
1,156,011
   
11/01/25 – AGM Insured
      
   
Oceanside Unified School District, San Diego County, California, General Obligation Bonds,
      
   
Series 2009A:
      
5,905
  
0.000%, 8/01/26 – AGC Insured
No Opt. Call
AA–
3,089,732
2,220
  
0.000%, 8/01/28 – AGC Insured
No Opt. Call
AA–
1,012,942
2,675
  
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/38 –
8/29 at 100.00
AA–
2,059,723
   
AGC Insured
      
4,150
  
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
10/25 at 100.00
AA–
3,738,528
   
Participation, Series 2011, 0.000%, 10/01/28 – AGM Insured
      
160
  
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series
6/23 at 100.00
BBB–
157,803
   
2013A, 5.750%, 6/01/48
      
   
San Francisco Unified School District, California, General Obligation Bonds, Series 2007A:
      
1,000
  
3.000%, 6/15/25 – AGM Insured
6/17 at 100.00
Aa2
946,820
1,180
  
3.000%, 6/15/26 – AGM Insured
6/17 at 100.00
Aa2
1,089,848
6,820
  
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
8/17 at 100.00
A
5,788,816
   
Project, Series 2006C, 4.250%, 8/01/30 – NPFG Insured
      
4,275
  
Sequoia Union High School District, San Mateo County, California, General Obligation Bonds,
7/14 at 102.00
Aa1
3,856,093
   
Series 2006, 3.500%, 7/01/29 – AGM Insured
      
1,690
  
Ventura County Community College District, California, General Obligation Bonds, Series 2005B,
8/15 at 100.00
AA
1,786,448
   
5.000%, 8/01/28 – NPFG Insured
      
102,540
  
Total California
    
76,056,257
   
Colorado – 7.5% (5.2% of Total Investments)
      
16,655
  
Adams County, Colorado, FHA-Insured Mortgage Revenue Bonds, Platte Valley Medical Center,
8/15 at 100.00
A (4)
17,913,452
   
Series 2005, 5.000%, 8/01/24 (Pre-refunded 8/01/15) – NPFG Insured
      
750
  
Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/32 –
10/16 at 100.00
BBB–
703,410
   
SYNCORA GTY Insured
      
2,225
  
Colorado Department of Transportation, Revenue Anticipation Bonds, Series 2004A, 5.000%,
12/14 at 100.00
Aa2 (4)
2,371,160
   
12/15/16 (Pre-refunded 12/15/14) – FGIC Insured
      
1,610
  
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B,
11/23 at 100.00
A
1,592,532
   
5.000%, 11/15/43
      
17,000
  
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/25 –
No Opt. Call
A
9,290,670
   
NPFG Insured
      
38,240
  
Total Colorado
    
31,871,224
   
District of Columbia – 1.9% (1.3% of Total Investments)
      
900
  
District of Columbia Student Dormitory Revenue Bonds, Provident Group – Howard Properties LLC
10/22 at 100.00
BBB–
776,880
   
Issue, Series 2013, 5.000%, 10/01/45
      
6,805
  
District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 4.500%, 4/01/42 –
4/17 at 100.00
A–
6,407,724
   
AMBAC Insured
      
935
  
Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds,
10/16 at 100.00
AA+
943,041
   
Tender Option Bond Trust 1606, 11.776%, 10/01/30 – AMBAC Insured (IF) (5)
      
8,640
  
Total District of Columbia
    
8,127,645
   
Florida – 6.5% (4.5% of Total Investments)
      
3,000
  
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 –
10/21 at 100.00
AA–
3,032,370
   
AGM Insured
      
   
Florida Municipal Loan Council, Revenue Bonds, Series 2003B:
      
740
  
5.250%, 12/01/17 (WI/DD, Settling 8/01/13)
12/13 at 100.00
A
746,326
480
  
5.250%, 12/01/18 (WI/DD, Settling 8/01/13)
12/13 at 100.00
A
483,837
   
Florida Municipal Loan Council, Revenue Bonds, Series 2003B:
      
580
  
5.250%, 12/01/17 (Pre-refunded 12/01/13)
12/13 at 100.00
A (4)
589,686
730
  
5.250%, 12/01/17 (Pre-refunded 12/01/13) (WI/DD, Settling 8/01/13)
12/13 at 100.00
A (4)
736,240
255
  
5.250%, 12/01/17 (Pre-refunded 12/01/13) – NPFG Insured
12/13 at 100.00
A (4)
259,259
370
  
5.250%, 12/01/18 (Pre-refunded 12/01/13)
12/13 at 100.00
A (4)
376,179
470
  
5.250%, 12/01/18 (Pre-refunded 12/01/13) (WI/DD, Settling 8/01/13)
12/13 at 100.00
A (4)
473,757
160
  
5.250%, 12/01/18 (Pre-refunded 12/01/13) – NPFG Insured
12/13 at 100.00
A (4)
162,672
5,825
  
JEA, Florida, Electric System Revenue Bonds, Series Three 2013B, 5.000%, 10/01/38
10/18 at 100.00
Aa2
5,874,746
2,335
  
Lee County, Florida, Airport Revenue Refunding Bonds, Series 2011A, 5.375%, 10/01/32 – AGM
8/21 at 100.00
AA–
2,393,095
   
Insured (Alternative Minimum Tax)
      
1,545
  
Miami, Florida, Special Obligation Non-Ad Valorem Revenue Refunding Bonds, Series 2011A,
2/21 at 100.00
AA–
1,672,756
   
6.000%, 2/01/31 – AGM Insured
      
1,505
  
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding
No Opt. Call
A
1,481,958
   
Series 2012A, 5.000%, 10/01/31 (Alternative Minimum Tax)
      
800
  
Miami-Dade County, Florida, Subordinate Special Obligation Refunding Bonds Series 2012B,
10/22 at 100.00
A+
786,720
   
5.000%, 10/01/37
      
5,300
  
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2012,
7/22 at 100.00
AA
5,372,080
   
5.000%, 7/01/42
      
1,500
  
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health,
4/22 at 100.00
A
1,462,800
   
Inc., Series 2012A, 5.000%, 10/01/42
      
1,000
  
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System
8/17 at 100.00
AA
995,420
   
Obligation Group, Series 2007, 5.000%, 8/15/42 (UB) (5)
      
1,000
  
Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/28 – NPFG Insured
10/15 at 100.00
AA
1,052,760
27,595
  
Total Florida
    
27,952,661
   
Georgia – 8.0% (5.6% of Total Investments)
      
6,925
  
Atlanta and Fulton County Recreation Authority, Georgia, Guaranteed Revenue Bonds, Park
12/15 at 100.00
Aa2
7,265,433
   
Improvement, Series 2005A, 5.000%, 12/01/30 – NPFG Insured
      
5,000
  
Atlanta, Georgia, Airport General Revenue Bonds, Series 2012B, 5.000%, 1/01/29
No Opt. Call
A+
5,237,600
8,980
  
Atlanta, Georgia, Airport Passenger Facilities Charge Revenue Bonds, Refunding Series 2004C,
7/14 at 100.00
AA–
9,214,288
   
5.000%, 1/01/33 – AGM Insured
      
1,000
  
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/22 –
11/14 at 100.00
AA–
1,051,760
   
AGM Insured
      
1,690
  
Greene County Development Authority, Georgia, Health System Revenue Bonds, Catholic Health
No Opt. Call
A+
1,455,462
   
East Issue, Series 2012, 4.250%, 11/15/42
      
7,000
  
Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%, 2/01/36
2/18 at 100.00
AAA
7,408,870
1,000
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University
10/22 at 100.00
Baa2
1,032,610
   
Project, Refunding Series 2012C, 5.250%, 10/01/27
      
1,710
  
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
10/21 at 100.00
Aa2
1,684,470
   
Medical Center Project, Series 2011B, 5.000%, 10/01/41
      
33,305
  
Total Georgia
    
34,350,493
   
Idaho – 2.0% (1.4% of Total Investments)
      
3,995
  
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project, Series
3/22 at 100.00
A
3,859,330
   
2012A, 5.000%, 3/01/47 – AGM Insured
      
   
Idaho Housing and Finance Association, Grant and Revenue Anticipation Bonds, Federal Highway
      
   
Trust Funds, Series 2006:
      
3,000
  
5.000%, 7/15/23 – NPFG Insured
7/16 at 100.00
Aa3
3,289,290
1,130
  
5.000%, 7/15/24 – NPFG Insured
7/16 at 100.00
Aa3
1,238,966
8,125
  
Total Idaho
    
8,387,586
   
Illinois – 9.0% (6.3% of Total Investments)
      
3,600
  
Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,
1/16 at 100.00
A
3,866,652
   
Series 2005A, 5.250%, 1/01/24 – NPFG Insured
      
   
Community College District 523, Counties of DeKalb, Kane, LaSalle, Lee, Ogle, Winnebago, and
      
   
Boone, Illinois, General Obligation Bonds, Kishwaukee Community College, Capital Appreciation,
      
   
Series 2011B:
      
2,500
  
0.000%, 2/01/33
2/21 at 100.00
AA
789,525
2,000
  
0.000%, 2/01/34
2/21 at 100.00
AA
583,980
   
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
      
   
Series 2003C:
      
770
  
5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured
10/13 at 100.00
Aa3 (4)
776,507
250
  
5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured
10/13 at 100.00
Aa3 (4)
252,113
480
  
5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured
10/13 at 100.00
Aa3 (4)
483,826
1,000
  
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012,
No Opt. Call
AA
983,430
   
5.000%, 6/01/42
      
5,000
  
Illinois Finance Authority, Revenue Bonds, The University of Chicago, Series 2012A,
10/21 at 100.00
Aa1
4,949,150
   
5.000%, 10/01/51
      
3,500
  
Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Series 2007A, 5.000%,
2/17 at 100.00
A+
3,501,120
   
2/01/35 – FGIC Insured
      
   
Illinois State, General Obligation Bonds, Refunding Series 2012:
      
635
  
5.000%, 8/01/21
No Opt. Call
A–
688,289
310
  
5.000%, 8/01/22
No Opt. Call
A–
333,058
685
  
5.000%, 8/01/23
No Opt. Call
A–
729,237
1,265
  
5.000%, 8/01/24
8/22 at 100.00
A–
1,323,532
455
  
Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38
7/23 at 100.00
A–
459,828
   
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
      
   
Project, Capital Appreciation Refunding Series 2010B-1:
      
25,000
  
0.000%, 6/15/44 – AGM Insured
No Opt. Call
AAA
3,899,500
17,465
  
0.000%, 6/15/45 – AGM Insured
No Opt. Call
AAA
2,549,191
3,335
  
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
6/20 at 100.00
AAA
3,136,367
   
Project, Tender Option Bond Trust 3861, 13.717%, 6/15/42 (IF) (5)
      
3,900
  
Rosemont, Illinois, General Obligation Bonds, Series 2011A, 5.600%, 12/01/35 – AGM Insured
12/20 at 100.00
AA–
4,037,046
5,000
  
Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 (Pre-refunded
12/14 at 100.00
AAA
5,331,750
   
12/01/14) – FGIC Insured
      
77,150
  
Total Illinois
    
38,674,101
   
Indiana – 5.3% (3.7% of Total Investments)
      
1,050
  
Indiana Finance Authority, Midwestern Disaster Relief Revenue Bonds, Ohio Valley Electric
6/22 at 100.00
BBB–
983,462
   
Corporation Project, Series 2012A, 5.000%, 6/01/39 – AGM Insured
      
5,370
  
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
7/23 at 100.00
BBB
4,974,231
   
Project, Series 2013A, 5.250%, 1/01/51 (Alternative Minimum Tax)
      
1,850
  
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
10/22 at 100.00
AA
1,882,560
   
2012A, 5.000%, 10/01/37
      
5,950
  
Indiana Health Facility Financing Authority, Revenue Bonds, Community Hospitals of Indiana,
5/15 at 100.00
A (4)
6,430,284
   
Series 2005A, 5.000%, 5/01/35 (Pre-refunded 5/01/15) – AMBAC Insured
      
3,215
  
Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 –
1/17 at 100.00
A+
3,221,848
   
NPFG Insured
      
5,000
  
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A,
1/19 at 100.00
AA–
5,245,150
   
5.500%, 1/01/38 – AGC Insured
      
22,435
  
Total Indiana
    
22,737,535
   
Iowa – 0.8% (0.5% of Total Investments)
      
480
  
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
12/23 at 100.00
BB–
456,120
   
Project, Series 2013, 5.250%, 12/01/25
      
450
  
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
6/15 at 100.00
B+
365,846
   
5.500%, 6/01/42
      
2,800
  
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
6/17 at 100.00
B+
2,408,812
   
5.600%, 6/01/34
      
3,730
  
Total Iowa
    
3,230,778
   
Kansas – 0.8% (0.6% of Total Investments)
      
3,500
  
Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health
1/20 at 100.00
AA
3,489,675
   
Services Corporation, Series 2010A, 5.000%, 1/01/40
      
   
Kentucky – 1.4% (1.0% of Total Investments)
      
2,415
  
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series
2/19 at 100.00
AA–
2,789,591
   
2009, 5.250%, 2/01/20 – AGC Insured
      
3,350
  
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health
6/22 at 100.00
AA–
3,331,944
   
Initiatives, Series 2012A, 5.000%, 12/01/35
      
5,765
  
Total Kentucky
    
6,121,535
   
Louisiana – 4.4% (3.0% of Total Investments)
      
1,175
  
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing
7/23 at 100.00
N/R
1,085,465
   
(US) LLC Project, Series 2013, 6.000%, 7/01/36
      
1,000
  
Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical
1/21 at 100.00
AA–
1,060,970
   
Center, Refunding Series 2011A, 6.000%, 1/01/39 – AGM Insured
      
5,000
  
Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin’ Cajun Facilities
10/20 at 100.00
AA–
5,243,750
   
Inc. Project, Series 2010, 5.500%, 10/01/41 – AGM Insured
      
1,225
  
Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series
7/14 at 100.00
A (4)
1,278,435
   
2004, 5.250%, 7/01/24 (Pre-refunded 7/01/14) – NPFG Insured
      
1,260
  
Louisiana State Office Facilities Corporation, Lease Revenue Bonds, State Capitol Complex
11/13 at 100.00
AA– (4)
1,275,977
   
Program, Series 2003, 5.250%, 11/01/14 (Pre-refunded 11/01/13) – NPFG Insured
      
3
  
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006, Residuals 660-3, 16.073%,
5/16 at 100.00
Aa1
2,942
   
5/01/34 – FGIC Insured (IF)
      
   
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A:
      
770
  
4.750%, 5/01/39 – AGM Insured (UB)
5/16 at 100.00
Aa1
770,339
8,270
  
4.500%, 5/01/41 – FGIC Insured (UB)
5/16 at 100.00
Aa1
8,026,944
18,703
  
Total Louisiana
    
18,744,822
   
Maine – 1.0% (0.7% of Total Investments)
      
4,000
  
Maine Turnpike Authority, Turnpike Revenue Bonds, Series 2004, 5.250%, 7/01/30 (Pre-refunded
7/14 at 100.00
AA– (4)
4,186,240
   
7/01/14) – AGM Insured
      
   
Maryland – 0.2% (0.1% of Total Investments)
      
825
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health
8/23 at 100.00
A2
671,888
   
Issue, Series 2013A, 4.000%, 8/15/41
      
   
Massachusetts – 2.8% (1.9% of Total Investments)
      
4,500
  
Massachusetts Bay Transportation Authority, Assessment Bonds, Series 2004A, 5.000%, 7/01/28
7/14 at 100.00
AA+ (4)
4,700,070
   
(Pre-refunded 7/01/14)
      
1,000
  
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
1/20 at 100.00
AA+
1,036,580
   
Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35
      
1,000
  
Massachusetts Development Finance Agency, Resource Recovery Revenue Refunding Bonds, Covanta
11/17 at 100.00
BB+
840,860
   
Energy Project, Series 2012B, 4.875%, 11/01/42
      
2,775
  
Massachusetts Water Resources Authority, General Revenue Bonds, Series 2007A, 4.500%, 8/01/46 –
2/17 at 100.00
AA+
2,774,306
   
AGM Insured (UB) (5)
      
2,500
  
Massachusetts, General Obligation Bonds, Consolidated Loan, Series 2004D, 5.000%, 12/01/22
12/14 at 100.00
AA+ (4)
2,658,550
   
(Pre-refunded 12/01/14) – AGM Insured
      
11,775
  
Total Massachusetts
    
12,010,366
   
Michigan – 3.8% (2.7% of Total Investments)
      
1,055
  
Battle Creek School District, Calhoun County, Michigan, General Obligation Bonds, Series 2007,
5/17 at 100.00
Aa2
1,104,247
   
5.000%, 5/01/31 – AGM Insured
      
1,290
  
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
7/22 at 100.00
BBB+
1,182,504
   
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
      
3,230
  
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011,
12/21 at 100.00
AA
3,211,040
   
5.000%, 12/01/39
      
4,000
  
Michigan Finance Authority, Unemployment Obligation Assessment Revenue Bonds, Series 2012B,
7/16 at 100.00
AAA
4,396,000
   
5.000%, 7/01/22
      
1,000
  
Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43
1/22 at 100.00
A2
972,930
2,855
  
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series
6/22 at 100.00
AA
2,749,508
   
2009C, 5.000%, 12/01/48
      
   
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2006A:
      
275
  
5.000%, 12/01/31 (Pre-refunded 12/01/16) (UB)
12/16 at 100.00
N/R (4)
311,809
1,225
  
5.000%, 12/01/31 (UB)
12/16 at 100.00
AA
1,236,515
1,250
  
Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation
6/16 at 100.00
BBB
1,276,988
   
Revenue Bonds, Series 2006, 5.500%, 6/01/35
      
16,180
  
Total Michigan
    
16,441,541
   
Minnesota – 0.5% (0.3% of Total Investments)
      
1,980
  
Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series
No Opt. Call
AA–
2,108,086
   
2009A, 5.000%, 1/01/15 – AGC Insured
      
   
Missouri – 0.4% (0.3% of Total Investments)
      
1,600
  
St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series
3/14 at 100.00
AA- (4)
1,646,928
   
2004, 5.250%, 3/01/19 (Pre-refunded 3/01/14) – AGM Insured
      
   
Nebraska – 2.6% (1.8% of Total Investments)
      
6,360
  
Lincoln, Nebraska, Electric System Revenue Bonds, Series 2005, 5.000%, 9/01/32
9/15 at 100.00
AA (4)
6,958,158
   
(Pre-refunded 9/01/15)
      
3,900
  
Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Subordinate Lien Series
No Opt. Call
Aa2
4,021,056
   
2007AA, 4.500%, 2/01/27 – FGIC Insured
      
10,260
  
Total Nebraska
    
10,979,214
   
Nevada – 2.5% (1.7% of Total Investments)
      
2,350
  
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26 –
7/19 at 100.00
AA–
2,503,479
   
AGM Insured
      
6,745
  
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
1/20 at 100.00
AA–
6,997,330
   
International Airport, Series 2010A, 5.250%, 7/01/39 – AGM Insured
      
1,300
  
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B,
6/22 at 100.00
AA+
1,322,204
   
5.000%, 6/01/42
      
10,395
  
Total Nevada
    
10,823,013
   
New Jersey – 3.9% (2.7% of Total Investments)
      
7,690
  
New Jersey Economic Development Authority, Cigarette Tax Revenue Bonds, Series 2004, 5.750%,
6/14 at 100.00
Aaa
8,060,735
   
6/15/34 (Pre-refunded 6/15/14)
      
1,900
  
New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Series
7/14 at 100.00
A
1,951,395
   
2004A, 5.000%, 7/01/29 – NPFG Insured
      
2,150
  
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series
No Opt. Call
A+
2,520,295
   
2006A, 5.250%, 12/15/20
      
1,200
  
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26 –
No Opt. Call
AA–
1,354,416
   
AGM Insured
      
200
  
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 1154,
7/22 at 100.00
A+
214,336
   
17.228%, 1/01/43 (IF) (5)
      
   
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
      
   
Series 2007-1A:
      
1,080
  
4.500%, 6/01/23
6/17 at 100.00
B1
1,008,083
2,025
  
4.750%, 6/01/34
6/17 at 100.00
B2
1,477,987
16,245
  
Total New Jersey
    
16,587,247
   
New Mexico – 0.5% (0.3% of Total Investments)
      
2,080
  
New Mexico Finance Authority, State Transportation Revenue Bonds, Senior Lien Series 2004A,
6/14 at 100.00
AAA
2,172,144
   
5.250%, 6/15/16 (Pre-refunded 6/15/14) – NPFG Insured
      
   
New York – 5.3% (3.7% of Total Investments)
      
1,120
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
2/15 at 100.00
A
1,178,016
   
Hospital, Series 2004, 5.000%, 8/01/23 – FGIC Insured
      
3,660
  
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities
2/15 at 100.00
AA–
3,861,629
   
Improvements, Series 2005B, 5.000%, 2/15/23 – AMBAC Insured
      
   
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender
      
   
Option Bond Trust 3518:
      
2,000
  
13.811%, 2/15/33 (IF)
2/19 at 100.00
AAA
2,184,080
1,335
  
13.799%, 2/15/33 (IF)
2/19 at 100.00
AAA
1,457,753
850
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
904,111
   
2011A, 5.750%, 2/15/47
      
3,090
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,
2/17 at 100.00
A
2,802,167
   
2/15/47 – NPFG Insured
      
690
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A,
6/16 at 100.00
A
742,136
   
5.000%, 12/01/23 – FGIC Insured
      
2,400
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2006F,
11/16 at 100.00
A
2,199,312
   
4.250%, 5/01/33 – NPFG Insured
      
1,575
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
AA–
1,597,113
   
5.000%, 5/01/36 – AGM Insured
      
2,000
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
9/22 at 100.00
A
1,987,780
   
5.000%, 9/01/42
      
480
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B,
11/15 at 100.00
A
498,888
   
5.000%, 11/15/30 – AMBAC Insured
      
1,435
  
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
3/19 at 100.00
AA–
1,679,094
   
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
      
1,340
  
Onondaga Civic Development Corporation, New York, Revenue Bonds, St. Joseph’s Hospital Health
7/22 at 100.00
BB+
1,207,769
   
Center Project, Series 2012, 5.000%, 7/01/42
      
450
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
No Opt. Call
A+
483,111
   
Subordinate Lien Series 2013A, 5.000%, 11/15/28
      
22,425
  
Total New York
    
22,782,959
   
North Carolina – 1.1% (0.8% of Total Investments)
      
2,080
  
North Carolina Medical Care Commission, FHA-Insured Mortgage Revenue Bonds, Betsy Johnson
10/13 at 100.00
AA– (4)
2,097,202
   
Regional Hospital Project, Series 2003, 5.375%, 10/01/24 (Pre-refunded 10/01/13) – AGM Insured
      
2,150
  
North Carolina Medical Care Commission, Health Care Facilities Revenue Refunding Bonds,
10/22 at 100.00
AA–
2,155,332
   
WakeMed, Series 2012A, 5.000%, 10/01/38
      
540
  
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A, 6.000%, 6/01/34 –
6/19 at 100.00
AA–
579,971
   
AGC Insured
      
4,770
  
Total North Carolina
    
4,832,505
   
Ohio – 5.5% (3.8% of Total Investments)
      
2,455
  
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds,
5/22 at 100.00
A1
2,430,597
   
Children’s Hospital Medical Center, Improvement & Refunding Series 2012, 5.000%, 11/15/42
      
   
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and
      
   
Improvement Series 2012A:
      
770
  
5.000%, 5/01/33
5/22 at 100.00
AA–
776,460
1,640
  
4.000%, 5/01/33
5/22 at 100.00
AA–
1,407,825
985
  
5.000%, 5/01/42
5/22 at 100.00
AA–
965,783
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
      
   
Bonds, Senior Lien, Series 2007A-2:
      
860
  
5.125%, 6/01/24
6/17 at 100.00
B–
717,550
710
  
5.875%, 6/01/30
6/17 at 100.00
B
567,226
3,665
  
5.750%, 6/01/34
6/17 at 100.00
B
2,789,615
2,115
  
5.875%, 6/01/47
6/17 at 100.00
B
1,582,845
1,870
  
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
5/22 at 100.00
Aa2
1,855,638
   
Improvement Series 2012A, 5.000%, 11/01/42
      
4,650
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
No Opt. Call
A2
5,024,930
   
Series 2007, 5.250%, 12/01/28 – AGM Insured
      
2,765
  
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated
2/23 at 100.00
BB+
2,358,490
   
Group Project, Series 2013, 5.000%, 2/15/48
      
1,290
  
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series
2/23 at 100.00
A+
1,279,512
   
2013A-1, 5.000%, 2/15/48 (WI/DD, Settling 8/15/13)
      
1,240
  
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
2/31 at 100.00
A+
720,316
   
Convertible Series 2013A-3, 0.000%, 2/15/36 (WI/DD, Settling 8/15/13)
      
   
Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health System
      
   
Obligated Group Project, Refunding and Improvement Series 2012:
      
600
  
5.750%, 12/01/32
12/22 at 100.00
N/R
608,598
420
  
6.000%, 12/01/42
12/22 at 100.00
N/R
427,463
26,035
  
Total Ohio
    
23,512,848
   
Oklahoma – 0.6% (0.4% of Total Investments)
      
2,375
  
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
2/17 at 100.00
A+
2,407,585
   
5.000%, 2/15/37
      
   
Oregon – 0.7% (0.5% of Total Investments)
      
3,000
  
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Series 2009A,
5/19 at 100.00
AAA
3,172,560
   
5.000%, 11/15/33
      
   
Pennsylvania – 5.2% (3.6% of Total Investments)
      
1,050
  
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E,
1/20 at 100.00
AA–
1,075,998
   
5.000%, 1/01/40 – AGM Insured
      
4,690
  
Pennsylvania Economic Development Financing Authority, Unemployment Compensation Revenue
No Opt. Call
Aaa
5,554,883
   
Bonds, Series 2012A, 5.000%, 7/01/19
      
4,130
  
Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of
12/16 at 100.00
AA–
4,012,213
   
Philadelphia, Series 2006B, 4.500%, 6/01/32 – AGM Insured (UB) (5)
      
1,050
  
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2006A, 5.000%, 12/01/26 –
6/16 at 100.00
A+
1,068,344
   
AMBAC Insured
      
6,000
  
Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,
6/26 at 100.00
AA
5,722,020
   
6/01/33 – AGM Insured
      
400
  
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital
7/22 at 100.00
BB+
354,128
   
Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42
      
2,000
  
Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B, 5.250%,
11/13 at 100.00
AA–
2,027,880
   
11/15/18 – AGM Insured
      
2,000
  
Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2005,
1/16 at 100.00
AA–
2,193,740
   
5.000%, 1/15/19 – AGM Insured (UB)
      
21,320
  
Total Pennsylvania
    
22,009,206
   
Puerto Rico – 1.0% (0.7% of Total Investments)
      
   
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A:
      
435
  
5.000%, 7/01/33
7/22 at 100.00
BBB–
353,485
575
  
5.250%, 7/01/42
7/22 at 100.00
BBB–
449,702
1,225
  
Puerto Rico Municipal Finance Agency, Series 2005C, 5.250%, 8/01/21 – CIFG Insured
No Opt. Call
AA–
1,292,130
8,480
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,
No Opt. Call
AA–
1,607,384
   
0.000%, 8/01/39
      
5,035
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
No Opt. Call
AA–
771,010
   
8/01/42 – FGIC Insured
      
15,750
  
Total Puerto Rico
    
4,473,711
   
Rhode Island – 1.2% (0.8% of Total Investments)
      
   
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
      
   
Series 2002A:
      
820
  
6.125%, 6/01/32
10/13 at 100.00
BBB+
820,722
4,310
  
6.250%, 6/01/42
10/13 at 100.00
BBB–
4,313,793
5,130
  
Total Rhode Island
    
5,134,515
   
South Carolina – 3.9% (2.7% of Total Investments)
      
3,340
  
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series
12/13 at 100.00
AA (4)
3,395,778
   
2003, 5.250%, 12/01/19 (Pre-refunded 12/01/13)
      
   
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series 2006:
      
5,000
  
5.000%, 12/01/24
12/16 at 100.00
AA
5,582,400
1,950
  
5.000%, 12/01/28 – AGM Insured
12/16 at 100.00
AA
2,058,927
1,000
  
Scago Educational Facilities Corporation, South Carolina, Installment Purchase Revenue Bonds,
10/15 at 100.00
AA–
1,082,250
   
Spartanburg County School District 5, Series 2005, 5.000%, 4/01/21 – AGM Insured
      
1,070
  
South Carolina Public Service Authority, Revenue Refunding Bonds, Santee Cooper Electric
9/13 at 100.00
AA–
1,073,017
   
System, Series 2003A, 5.000%, 1/01/27 – AMBAC Insured
      
3,330
  
Spartanburg Regional Health Services District, Inc., South Carolina, Hospital Revenue
4/22 at 100.00
A1
3,351,945
   
Refunding Bonds, Series 2012A, 5.000%, 4/15/32
      
15,690
  
Total South Carolina
    
16,544,317
   
Tennessee – 1.2% (0.8% of Total Investments)
      
   
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Series 2004:
      
1,495
  
5.000%, 10/01/19 – AGM Insured
10/14 at 100.00
AA
1,575,595
1,455
  
5.000%, 10/01/20 – AGM Insured
10/14 at 100.00
AA
1,533,439
1,955
  
5.000%, 10/01/21 – AGM Insured
10/14 at 100.00
AA
2,060,394
4,905
  
Total Tennessee
    
5,169,428
   
Texas – 10.6% (7.3% of Total Investments)
      
3,300
  
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2013C,
11/22 at 100.00
A+
3,184,236
   
5.125%, 11/01/43 (Alternative Minimum Tax)
      
2,700
  
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding and Improvement
11/21 at 100.00
A+
2,640,546
   
Bonds, Series 2012C, 5.000%, 11/01/45 – AGM Insured
      
1,140
  
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option Bond
10/23 at 100.00
AA
1,009,493
   
Trust 2013-9A, 18.033%, 4/01/53 (WI/DD, Settling 8/01/13) (IF)
      
   
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,
      
   
TECO Project, Series 2003:
      
2,240
  
5.000%, 11/15/16 (Pre-refunded 11/15/13) – NPFG Insured
11/13 at 100.00
AA (4)
2,270,800
2,355
  
5.000%, 11/15/17 (Pre-refunded 11/15/13) – NPFG Insured
11/13 at 100.00
AA (4)
2,387,381
1,545
  
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender
11/21 at 100.00
AA+
1,635,769
   
Option Bond Trust 1014, 13.723%, 11/01/41 (IF) (5)
      
4,080
  
Harris County, Texas, General Obligation Toll Road Revenue Bonds, Tender Option Bond Trust
No Opt. Call
AAA
5,369,974
   
3418, 14.565%, 8/15/27 – AGM Insured (IF)
      
1,000
  
Houston, Texas, First Lien Combined Utility System Revenue Bonds, First Lien Series 2004A,
5/14 at 100.00
AA
1,037,430
   
5.250%, 5/15/24 – FGIC Insured
      
2,820
  
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds,
8/22 at 100.00
AA
2,871,268
   
Children’s Medical Center Dallas Project, Series 2012, 5.000%, 8/15/32
      
3,220
  
North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%,
12/21 at 100.00
AA–
3,252,715
   
12/15/36 – AGM Insured
      
   
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A:
      
2,590
  
0.000%, 9/01/43
9/31 at 100.00
AA
1,724,526
3,910
  
0.000%, 9/01/45
9/31 at 100.00
AA
2,861,807
7,700
  
Tarrant Regional Water District, Texas, Water Revenue Bonds, Refunding and Improvement Series
3/22 at 100.00
AAA
7,763,833
   
2012, 5.000%, 3/01/52
      
355
  
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series
No Opt. Call
A3
336,806
   
2012, 5.000%, 12/15/32
      
   
Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,
      
   
Series 2002:
      
3,520
  
5.125%, 11/01/20 – NPFG Insured
9/13 at 100.00
Baa1
3,521,338
3,520
  
5.125%, 11/01/21 – NPFG Insured
9/13 at 100.00
Baa1
3,520,317
45,995
  
Total Texas
    
45,388,239
   
Utah – 2.1% (1.5% of Total Investments)
      
3,700
  
Utah Transit Authority, Sales Tax Revenue and Refunding Bonds, Series 2012, 5.000%, 6/15/42
6/22 at 100.00
A1
3,758,090
4,865
  
Utah Transit Authority, Sales Tax Revenue Bonds, Series 2008, Tender Option Bond Trust 1193,
No Opt. Call
AAA
5,389,155
   
13.610%, 12/15/15 – AGM Insured (IF)
      
8,565
  
Total Utah
    
9,147,245
   
Vermont – 1.9% (1.3% of Total Investments)
      
7,840
  
University of Vermont and State Agricultural College, Revenue Bonds, Series 2005, 5.000%,
10/15 at 100.00
Aa3
8,045,330
   
10/01/35 – NPFG Insured
      
   
Virginia – 0.7% (0.5% of Total Investments)
      
1,795
  
Route 460 Funding Corporation, Virginia, Toll Road Revenue Bonds, Series 2012A, 5.000%, 7/01/52
No Opt. Call
BBB–
1,609,451
2,050
  
Route 460 Funding Corporation, Virginia, Toll Road Revenue Bonds, Series 2012B, 0.000%, 7/01/32
No Opt. Call
BBB–
712,088
700
  
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC
1/22 at 100.00
BBB–
602,812
   
Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)
      
4,545
  
Total Virginia
    
2,924,351
   
Washington – 13.1% (9.1% of Total Investments)
      
5,265
  
Energy Northwest, Washington Public Power, Nine Canyon Wind Project Revenue Bonds, Series
7/16 at 100.00
A
5,258,629
   
2006A, 4.500%, 7/01/30 – AMBAC Insured
      
5,000
  
King County, Washington, Sewer Revenue Bonds, Refunding Series 2012, 5.000%, 1/01/52
1/22 at 100.00
AA+
5,040,800
2,340
  
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Refunding Series 2012A,
8/22 at 100.00
Aa3
2,427,563
   
5.000%, 8/01/31
      
7,850
  
Seattle, Washington, Water System Revenue Bonds, Series 2003, 5.000%, 9/01/20 – NPFG Insured
9/13 at 100.00
Aa1
7,881,165
2,200
  
Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series
12/13 at 100.00
AA+ (4)
2,234,298
   
2003B, 5.000%, 6/01/17 (Pre-refunded 12/01/13) – AGM Insured
      
10,000
  
University of Washington, General Revenue Bonds, Refunding Series 2007, 5.000%, 6/01/37 –
6/17 at 100.00
Aaa
10,335,400
   
AMBAC Insured (UB)
      
750
  
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
10/22 at 100.00
AA
768,803
   
Refunding Series 2012B, 5.000%, 10/01/30
      
1,925
  
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
10/22 at 100.00
AA
1,898,685
   
Series 2012A, 5.000%, 10/01/42
      
15,000
  
Washington State Health Care Facilities Authority, Revenue Bonds, Harrison Memorial Hospital,
8/13 at 102.00
N/R
14,514,600
   
Series 1998, 5.000%, 8/15/28 – AMBAC Insured
      
   
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
      
   
Series 2002:
      
300
  
6.500%, 6/01/26
10/13 at 100.00
A3
303,255
765
  
6.625%, 6/01/32
10/13 at 100.00
Baa1
774,310
3,335
  
Washington State, General Obligation Bonds, Series 2009, Trust 1212, 13.606%, 7/01/14 – AGM
No Opt. Call
AA+
4,570,417
   
Insured (IF)
      
54,730
  
Total Washington
    
56,007,925
   
Wisconsin – 0.9% (0.6% of Total Investments)
      
1,530
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Health Inc.
10/22 at 100.00
AA–
1,513,797
   
Obligated Group, Series 2012A, 5.000%, 4/01/42
      
2,220
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran,
10/21 at 100.00
A+
2,226,416
   
Series 2011A, 5.250%, 10/15/39
      
3,750
  
Total Wisconsin
    
3,740,213
$ 680,928
  
Total Municipal Bonds (cost $592,449,898)
    
601,491,260
 
       
Shares
  
Description (1)
Value
   
Investment Companies - 0.3% (0.2% of Total Investments)
  
$ 8,134
  
BlackRock MuniHoldings Fund Inc.
$     126,809
13,600
  
BlackRock MuniEnhanced Fund Inc.
148,784
7,920
  
Dreyfus Strategic Municipal Fund
63,202
3,500
  
DWS Municipal Income Trust
42,455
9,500
  
Invesco Advantage Municipal Income Fund II
101,080
9,668
  
Invesco Quality Municipal Income Trust
110,505
28,980
  
Invesco VK Investment Grade Municipal Trust
358,193
26,280
  
PIMCO Municipal Income Fund II
297,752
   
Total Investment Companies (cost $1,353,712)
1,248,780
   
Total Long-Term Investments (cost $593,803,610)
602,740,040
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Short-Term Investments – 3.4% (2.4% of Total Investments)
      
   
Missouri – 0.9% (0.6% of Total Investments)
      
$ 3,965
  
St. Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis International Airport, Variable Rate
No Opt. Call
A-2
$ 3,965,000
   
Demand Obligations, Tender Option Bond Trust DCL-017, 0.490%, 7/01/26 (6)
      
   
North Carolina – 1.5% (1.1% of Total Investments)
      
6,590
  
Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Variable Rate Demand
No Opt. Call
A-1
6,590,000
   
Obligations, Tender Option Bond Trust 11023, 0.090%, 6/01/37 (6)
      
   
South Carolina – 1.0% (0.7% of Total Investments)
      
4,225
  
South Carolina Educational Facilities Authority, Charleston Southern University Education Facilities
11/13 at 100.00
F-1
4,225,000
   
Revenue Bond, Variable Rate Demand Obligations, Series 2003, 0.090%, 4/01/28 (6)
      
$ 14,780
  
Total Short-Term Investments (cost $14,780,000)
    
14,780,000
   
Total Investments (cost $608,583,610) – 144.4%
    
617,520,040
   
Floating Rate Obligations – (5.0)%
    
(21,558,334)
   
MuniFund Term Preferred Shares, at Liquidation Value – (25.3)% (7)
    
(108,000,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (21.6)% (8)
    
(92,500,000)
   
Other Assets Less Liabilities – 7.5%
    
32,058,016
   
Net Assets Applicable to Common Shares – 100%
    
$ 427,519,722
 
 
 
 
 
 
 
 
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
$           —
$601,491,260
$ —
$601,491,260
Investment Companies
1,248,780
—
—
1,248,780
Short-Term Investments:
        
   Municipal Bonds
—
14,780,000
—
14,780,000
Total
$1,248,780
$616,271,260
$ —
$617,520,040
 
 
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 July 31, 2013, the cost of investments was $593,616,474.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of July 31, 2013, were as follows:
 
   
Gross unrealized:
  
   Appreciation
$   26,992,079
   Depreciation
(24,646,734)
Net unrealized appreciation (depreciation) of investments
$    2,345,345
 
 
     
(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)
  
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.
(5)
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(6)
  
Investment has a maturity of more than one year, but has variable rate and demand features which qualify
   
it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This
   
rate changes periodically based on market conditions or a specified market index.
(7)
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 17.5%.
(8)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments
   
is 15.0%.
WI/DD
  
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
(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 Dividend Advantage Municipal Income Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         September 27, 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:         September 27, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         September 27, 2013