nq2.htm



 
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 811-09135
 
Nuveen New York Dividend Advantage Municipal Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            9/30          
 
Date of reporting period:         6/30/14         
 
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 New York Dividend Advantage Municipal Fund (NAN)
     
 
June 30, 2014
     
 
Principal
Amount (000)
 
Description (1)
Optional Call
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESMENTS – 145.5% (100.0% of Total Investments)
     
   
MUNICIPAL BONDS – 145.5% (100.0% of Total Investments)
     
   
Consumer Discretionary – 3.2% (2.2% of Total Investments)
     
$ 950
 
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
9/15 at 100.00
BBB
$ 953,610
   
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
     
3,350
 
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
6/17 at 100.00
BB
3,521,956
   
Series 2007A, 5.000%, 12/01/23
     
4,300
 
Total Consumer Discretionary
   
4,475,566
   
Consumer Staples – 3.0% (2.0% of Total Investments)
     
700
 
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed
6/16 at 100.00
B
575,260
   
Bonds, Series 2006A-3, 5.000%, 6/01/35
     
120
 
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
12/14 at 100.00
A1
119,992
   
5.250%, 6/01/25
     
50
 
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement
12/14 at 100.00
A1
48,579
   
Asset-Backed Bonds, Series 2001A, 5.200%, 6/01/25
     
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
     
625
 
4.750%, 6/01/22
6/16 at 100.00
BBB–
616,869
2,625
 
5.000%, 6/01/26
6/16 at 100.00
BB–
2,522,310
315
 
5.125%, 6/01/42
6/16 at 100.00
B
257,787
4,435
 
Total Consumer Staples
   
4,140,797
   
Education and Civic Organizations – 19.4% (13.3% of Total Investments)
     
380
 
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
391,791
   
2007A, 5.000%, 7/01/31
     
550
 
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
BB+
524,101
   
Schools, Series 2007A, 5.000%, 4/01/37
     
1,725
 
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
1/20 at 100.00
BBB–
1,917,079
   
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
     
965
 
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
12/20 at 100.00
B
999,624
   
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
     
120
 
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
124,908
   
University, Series 2006, 5.000%, 5/01/23
     
1,635
 
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
7/17 at 100.00
N/R
1,664,152
   
2007A, 5.000%, 7/01/41 – RAAI Insured
     
525
 
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/23 at 100.00
A–
571,610
   
Series 2013A, 5.000%, 7/01/44
     
705
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/15 at 100.00
Aa2
732,819
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
     
1,300
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/23 at 100.00
Aa3
1,499,940
   
Facilities, Series 2013A, 5.000%, 7/01/27
     
700
 
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
7/20 at 100.00
A–
772,380
   
2010, 5.250%, 7/01/30
     
1,000
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
7/20 at 100.00
Aa1
1,132,470
   
University, Series 2010A, 5.000%, 7/01/40
     
680
 
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
7/20 at 100.00
Baa3
715,877
   
2010, 5.250%, 7/01/35
     
1,630
 
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba1
1,511,418
   
College Project, Series 2007-A2, 4.500%, 8/01/36
     
1,300
 
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba1
1,289,665
   
College Refunding, Series 2007-A1, 5.000%, 8/01/46
     
370
 
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A
385,829
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35
     
250
 
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
2/19 at 100.00
A
266,470
   
Project, Series 2009B, 5.250%, 2/01/39
     
375
 
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
9/23 at 100.00
A
406,373
   
Project, Series 2013, 5.000%, 9/01/38
     
1,085
 
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College
7/19 at 100.00
BBB+
1,162,957
   
Project, Series 2009, 5.750%, 7/01/39
     
330
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.
10/14 at 100.00
A–
331,033
   
Francis College, Series 2004, 5.000%, 10/01/34
     
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
     
   
Stadium Project, Series 2006:
     
160
 
5.000%, 1/01/36 – AMBAC Insured
1/17 at 100.00
Ba1
163,086
1,000
 
5.000%, 1/01/39 – AMBAC Insured
1/17 at 100.00
Ba1
1,017,150
1,630
 
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
Ba1
1,637,237
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
     
   
Project, Series 2006:
     
2,240
 
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
2,257,136
1,000
 
4.750%, 3/01/46 – NPFG Insured
9/16 at 100.00
AA–
1,013,820
1,000
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of
1/21 at 100.00
A
1,082,030
   
American Art, Series 2011, 5.000%, 7/01/31
     
1,500
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation
8/23 at 100.00
AA–
1,686,825
   
Society, Series 2013A, 5.000%, 8/01/33
     
245
 
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York
10/17 at 100.00
BBB
254,207
   
Chiropractic College, Series 2007, 5.000%, 10/01/27
     
1,050
 
St. Lawrence County Industrial Development Agency Civic Development Corporation, New York,
3/22 at 100.00
A3
1,166,267
   
Revenue Bonds, Clarkson University Project, Series 2012A, 5.250%, 9/01/33
     
535
 
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
9/20 at 100.00
A–
574,697
   
Series 2010A, 5.125%, 9/01/40
     
25,985
 
Total Education and Civic Organizations
   
27,252,951
   
Financials – 3.1% (2.1% of Total Investments)
     
1,345
 
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
1,555,614
   
Series 2005, 5.250%, 10/01/35
     
2,340
 
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
2,775,006
   
Series 2007, 5.500%, 10/01/37
     
3,685
 
Total Financials
   
4,330,620
   
Health Care – 14.0% (9.6% of Total Investments)
     
625
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
2/15 at 100.00
AA–
639,163
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
     
200
 
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
7/20 at 100.00
A2
215,370
   
Series 2010, 5.200%, 7/01/32
     
1,000
 
Dormitory Authority of the State of New York, North Shore Long Island Jewish Obligated Group
5/21 at 100.00
A–
1,069,730
   
Revenue Bonds, Series 2011A, 5.000%, 5/01/41
     
   
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
     
   
Revenue Bonds, Series 2008:
     
1,480
 
6.500%, 12/01/21
12/18 at 100.00
Ba1
1,638,567
710
 
6.125%, 12/01/29
12/18 at 100.00
Ba1
749,050
1,320
 
6.250%, 12/01/37
12/18 at 100.00
Ba1
1,379,849
3,160
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA
3,356,426
   
Center, Series 2006, 5.000%, 7/01/35 (UB)
     
835
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
8/14 at 100.00
AA
840,160
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
     
1,000
 
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
11/16 at 100.00
A3
1,039,820
   
Obligated Group, Series 2005A, 5.000%, 11/01/34
     
2,000
 
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/17 at 100.00
A–
2,190,360
   
2007B, 5.625%, 7/01/37
     
750
 
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
839,528
   
2011A, 6.000%, 7/01/40
     
420
 
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
1/15 at 100.00
BB
420,256
   
Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30
     
   
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
     
   
Health System, Series 2007A:
     
410
 
5.250%, 2/01/27
2/17 at 100.00
BB+
414,727
360
 
5.500%, 2/01/32
2/17 at 100.00
BB+
364,039
715
 
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
2/21 at 100.00
Aa2
856,913
   
Bonds, Unity Hospital of Rochestor Project, Series 2010, 5.750%, 8/15/35
     
470
 
Suffolk County Economic Development Corporation, New York, Revenue Refunding Bonds, Catholic
7/21 at 100.00
BBB+
508,296
   
Health Services of Long Island Obligated Group Project, Series 2011, 5.000%, 7/01/28
     
2,115
 
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
8/14 at 100.00
N/R
2,125,723
   
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 1999A, 5.650%, 2/01/39
     
950
 
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
7/14 at 100.00
B+
950,627
   
Series 2001A, 7.125%, 7/01/31
     
18,520
 
Total Health Care
   
19,598,604
   
Housing/Multifamily – 4.2% (2.9% of Total Investments)
     
400
 
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse
5/20 at 100.00
AA
427,160
   
River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40
     
4,000
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/19 at 100.00
AA
4,157,960
   
Series 2009J, 4.800%, 5/01/36
     
290
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/20 at 100.00
AA
303,485
   
Series 2010D-1A, 5.000%, 11/01/42
     
600
 
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B,
5/19 at 100.00
Aa2
627,408
   
4.500%, 11/01/29
     
405
 
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
11/17 at 100.00
Aa2
414,161
   
11/01/38 (Alternative Minimum Tax)
     
5,695
 
Total Housing/Multifamily
   
5,930,174
   
Housing/Single Family – 1.5% (1.0% of Total Investments)
     
645
 
Guam Housing Corporation, Mortgage-Backed Securities Program Single Family Mortgage Revenue
No Opt. Call
N/R
721,226
   
Bonds, Series 1998A, 5.750%, 9/01/31 (Alternative Minimum Tax)
     
1,310
 
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%,
4/15 at 100.00
Aa1
1,317,952
   
4/01/27 (Alternative Minimum Tax)
     
1,955
 
Total Housing/Single Family
   
2,039,178
   
Long-Term Care – 4.8% (3.3% of Total Investments)
     
2,000
 
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue
2/15 at 100.00
AA
2,010,780
   
Bonds, Gurwin Jewish Geriatric Center of Long Island, Series 2005A, 4.900%, 2/15/41
     
585
 
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
617,134
   
Westchester Project, Series 2006, 5.200%, 2/15/41
     
375
 
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
11/16 at 100.00
B1
351,401
   
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
     
250
 
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
7/15 at 100.00
N/R
243,655
   
5.000%, 7/01/35 – ACA Insured
     
960
 
East Rochester Housing Authority, New York, Senior Living Revenue Bonds, Woodland Village
8/16 at 101.00
N/R
936,691
   
Project, Series 2006, 5.500%, 8/01/33
     
770
 
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
780,880
   
Project, Series 2006A, 6.000%, 11/15/36
     
100
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/19 at 100.00
N/R
100,183
   
Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19
     
275
 
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/14 at 100.00
N/R
277,090
   
Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16
     
   
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
     
   
Needs Facilities Pooled Program, Series 2008A-1:
     
885
 
5.500%, 7/01/18
7/16 at 101.00
N/R
863,760
635
 
5.800%, 7/01/23
7/16 at 101.00
N/R
610,527
6,835
 
Total Long-Term Care
   
6,792,101
   
Tax Obligation/General – 14.3% (9.8% of Total Investments)
     
6,590
 
New York City, New York, General Obligation Bonds, Fiscal 2007 Series D-1, 5.125%,
12/17 at 100.00
AA
7,457,508
   
12/01/25 (UB)
     
980
 
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/32
8/22 at 100.00
AA
1,088,917
2,000
 
New York City, New York, General Obligation Bonds, Fiscal 2014 Series A-1, 5.000%, 8/01/26
8/23 at 100.00
AA
2,317,300
3,700
 
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
8/16 at 100.00
AA
4,018,385
1,025
 
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012,
No Opt. Call
AA
1,164,677
   
5.000%, 4/01/28
     
1,525
 
New York City, New York, General Obligation Bonds, Tender Option Bond Trust 3324, 18.033%,
No Opt. Call
AA
2,274,141
   
3/01/21 (IF) (4)
     
   
Rochester, New York, General Obligation Bonds, Series 1999:
     
720
 
5.250%, 10/01/18 – NPFG Insured
No Opt. Call
AA–
839,059
720
 
5.250%, 10/01/19 – NPFG Insured
No Opt. Call
AA–
851,465
17,260
 
Total Tax Obligation/General
   
20,011,452
   
Tax Obligation/Limited – 33.9% (23.3% of Total Investments)
     
590
 
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series
7/15 at 100.00
AA
617,937
   
2005A, 5.250%, 7/01/24 – CIFG Insured
     
1,850
 
Dormitory Authority of the State of New York, Secured Hospital Revenue Refunding Bonds,
8/14 at 100.00
AA
1,857,733
   
Wyckoff Heights Medical Center, Series 1998H, 5.300%, 8/15/21 – NPFG Insured
     
   
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding
     
   
Series 2012A:
     
1,815
 
5.000%, 11/15/27
No Opt. Call
AA
2,113,059
2,250
 
5.000%, 11/15/29
11/22 at 100.00
AA
2,590,898
1,130
 
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
1/15 at 100.00
A–
1,133,989
   
5.500%, 1/01/34
     
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds,
     
   
Local Government Assistance Corporation, Series 2004A:
     
1,100
 
5.000%, 10/15/25 – NPFG Insured
10/14 at 100.00
AAA
1,114,872
810
 
5.000%, 10/15/26 – NPFG Insured
10/14 at 100.00
AAA
821,121
2,375
 
5.000%, 10/15/29 – AMBAC Insured
10/14 at 100.00
AAA
2,406,540
2,100
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
Aa2
2,276,610
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
     
1,025
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
2/22 at 100.00
AAA
1,133,466
   
Fiscal 2012 Series E-1, 5.000%, 2/01/37
     
840
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
No Opt. Call
AAA
969,410
   
Fiscal 2013 Series F-1, 5.000%, 2/01/29
     
2,350
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
5/23 at 100.00
AAA
2,611,109
   
Fiscal 2013 Series I, 5.000%, 5/01/38
     
1,570
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
2/24 at 100.00
AAA
1,765,104
   
Fiscal 2014 Series D-1, 5.000%, 2/01/35
     
2,500
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
11/20 at 100.00
AAA
2,892,675
   
Subordinate Lien Series 2011C, 5.500%, 11/01/35
     
   
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
     
   
Subordinate Series 2011-D1:
     
1,000
 
5.250%, 2/01/30
2/21 at 100.00
AAA
1,153,090
2,000
 
5.000%, 2/01/35
2/21 at 100.00
AAA
2,225,000
4,000
 
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A,
4/21 at 100.00
AA–
4,703,240
   
5.750%, 4/01/41
     
2,920
 
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
12/17 at 100.00
AAA
3,282,839
   
Series 2008A, 5.000%, 12/15/26 (UB)
     
1,090
 
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
9/15 at 100.00
AAA
1,143,116
   
Development and Housing, Series 2006A, 5.000%, 3/15/36
     
865
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
AA+
916,468
   
2005B, 5.000%, 4/01/21 – AMBAC Insured
     
1,625
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
10/17 at 100.00
AA+
1,804,595
   
5.000%, 4/01/27
     
3,400
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%,
No Opt. Call
AA+
4,143,682
   
4/01/20 – AMBAC Insured (UB) (4)
     
510
 
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A,
9/20 at 100.00
AAA
586,072
   
5.000%, 3/15/29
     
1,330
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,
3/17 at 100.00
AAA
1,689,379
   
Tender Option Bond Trust 09-6W, 13.422%, 3/15/37 (IF) (4)
     
8,610
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,
No Opt. Call
AA–
1,445,963
   
0.000%, 8/01/39
     
1,250
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
No Opt. Call
AA–
165,563
   
8/01/45 – NPFG Insured
     
50,905
 
Total Tax Obligation/Limited
   
47,563,530
   
Transportation – 19.5% (13.4% of Total Investments)
     
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2010D:
     
1,000
 
5.000%, 11/15/34
11/20 at 100.00
AA–
1,085,900
1,560
 
5.250%, 11/15/40
11/20 at 100.00
AA–
1,715,189
4,140
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012E,
No Opt. Call
AA–
4,464,079
   
5.000%, 11/15/42
     
2,000
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013E,
11/23 at 100.00
AA–
2,242,180
   
5.000%, 11/15/31
     
1,750
 
New York City Industrial Development Agency, New York, American Airlines-JFK International
8/16 at 101.00
N/R
1,934,765
   
Airport Special Facility Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum Tax)
     
   
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
     
   
Parking Development Company, LLC Project, Series 2007:
     
200
 
5.750%, 10/01/37 (5)
10/17 at 100.00
N/R
75,996
2,000
 
5.875%, 10/01/46 (6)
10/17 at 102.00
N/R
759,960
1,575
 
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
12/14 at 100.00
BB
1,568,117
   
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
     
1,000
 
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK
8/14 at 100.00
N/R
1,051,990
   
Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)
     
900
 
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
1/16 at 100.00
A3
957,672
   
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
     
   
New York City Industrial Development Agency, New York, Special Facility Revenue Bonds, JetBlue
     
   
Airways Corporation Project, Series 2006:
     
320
 
5.000%, 5/15/20 (Alternative Minimum Tax)
9/14 at 100.00
B
320,045
1,000
 
5.125%, 5/15/30 (Alternative Minimum Tax)
9/14 at 100.00
B
999,950
845
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
11/21 at 100.00
A+
915,017
   
Series 2011, 5.000%, 11/15/44
     
50
 
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 –
1/15 at 100.00
A
50,989
   
AMBAC Insured
     
700
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
7/15 at 100.00
AA
729,022
   
AGM Insured
     
500
 
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara
10/14 at 100.00
AA–
503,530
   
International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
     
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
     
   
Series 2005:
     
1,300
 
5.000%, 12/01/28 – SYNCORA GTY Insured
6/15 at 101.00
AA–
1,361,841
615
 
5.000%, 12/01/31 – SYNCORA GTY Insured
6/15 at 101.00
AA–
643,819
440
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
8/17 at 100.00
AA
623,955
   
Eighth Series 2008, Trust 2920, 18.022%, 8/15/32 – AGM Insured (IF)
     
2,000
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Sixty Sixth
1/21 at 100.00
AA–
2,168,540
   
Series 2011, 5.000%, 1/15/41
     
   
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
     
   
Terminal LLC Project, Eighth Series 2010:
     
290
 
6.500%, 12/01/28
12/15 at 100.00
BBB
309,848
1,470
 
6.000%, 12/01/36
12/20 at 100.00
BBB
1,689,633
1,000
 
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
No Opt. Call
AA–
1,244,100
   
Refunding Bonds, Tender Option Bond Trust 1184, 9.221%, 5/15/16 (IF)
     
26,655
 
Total Transportation
   
27,416,137
   
U.S. Guaranteed – 6.6% (4.6% of Total Investments) (7)
     
3,600
 
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
8/15 at 100.00
N/R (7)
3,734,856
   
Hospital, Series 2005, 4.900%, 8/15/31 (Pre-refunded 8/15/15)
     
   
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
     
   
Series 2005F:
     
175
 
5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
3/15 at 100.00
Aa1 (7)
180,982
10
 
5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
3/15 at 100.00
AAA
10,347
535
 
Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series
9/14 at 100.00
N/R (7)
558,861
   
1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)
     
2,585
 
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
7/15 at 100.00
AA+ (7)
2,711,251
   
New York Housing Authority Program, Series 2005A, 5.000%, 7/01/25 (Pre-refunded 7/01/15) –
     
   
NPFG Insured (UB) (4)
     
750
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
8/14 at 100.00
AA (7)
753,023
   
Series 2004A, 5.250%, 11/01/30 (Pre-refunded 8/14/14)
     
1,000
 
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
8/14 at 100.00
Aa2 (7)
1,006,440
   
(Pre-refunded 8/15/14)
     
100
 
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
9/15 at 100.00
N/R (7)
105,848
   
Development and Housing, Series 2006A, 5.000%, 3/15/36 (Pre-refunded 9/15/15)
     
110
 
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30
1/15 at 100.00
A2 (7)
112,712
   
(Pre-refunded 1/01/15) – AMBAC Insured
     
135
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
N/R (7)
143,209
   
2005B, 5.000%, 4/01/21 (Pre-refunded 10/01/15) – AMBAC Insured
     
9,000
 
Total U.S. Guaranteed
   
9,317,529
   
Utilities – 11.7% (8.1% of Total Investments)
     
1,300
 
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
2/20 at 100.00
Baa3
1,399,996
   
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
     
110
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
121,153
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
     
2,500
 
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
AA–
2,693,948
500
 
5.000%, 12/01/24 – FGIC Insured
6/16 at 100.00
AA–
538,288
3,885
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A–
4,123,500
   
5.000%, 5/01/38
     
1,250
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
No Opt. Call
A–
1,341,261
   
5.000%, 9/01/37
     
1,400
 
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
12/14 at 100.00
A–
1,405,235
   
Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)
     
3,210
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
3,249,387
   
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42
     
1,410
 
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE,
12/23 at 100.00
AAA
1,591,749
   
5.000%, 12/15/41
     
15,565
 
Total Utilities
   
16,464,517
   
Water and Sewer – 6.3% (4.4% of Total Investments)
     
1,185
 
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
7/20 at 100.00
A–
1,229,840
   
2010, 5.625%, 7/01/40
     
2,000
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
6/24 at 100.00
AA+
2,267,480
   
General Resolution Revenue Bonds, Fiscal Series 2014DD, 5.000%, 6/15/35
     
4,875
 
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
6/21 at 100.00
AAA
5,404,035
   
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
     
   
Second Resolution Series 2011B, 5.000%, 6/15/41
     
8,060
 
Total Water and Sewer
   
8,901,355
$ 198,855
 
Total Long-Term Investments (cost $193,455,902)
   
204,234,511
   
Floating Rate Obligations – (9.4)%
   
(13,155,000)
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (39.9)% (8)
   
(56,000,000)
   
Other Assets Less Liabilities - 3.8%
   
5,297,385
   
Net Assets Applicable to Common Shares - 100%
   
$ 140,376,896
 
 
 
 

 

 
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
$ —
$204,234,511
$ —
$204,234,511
 
 
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 the 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 June 30, 2014, the cost of investments was $180,080,310.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2014, were as follows:
   
Gross unrealized:
 
Appreciation
$12,928,387
Depreciation
(1,931,312)
Net unrealized appreciation (depreciation) of investments
$10,997,075
 
(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)
 
On April 1, 2013, the Fund’s Adviser determined it was unlikely that this borrower would fulfill its
   
entire obligation on this security, and therefore reduced the security’s interest rate of accrual from
   
5.750% to 2.300%.
(6)
 
On April 1, 2013, the Fund’s Adviser determined it was unlikely that this borrower would fulfill its
   
entire obligation on this security, and therefore reduced the security’s interest rate of accrual from
   
5.875% to 2.350%.
(7)
 
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.
(8)
 
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Invesments is 27.4%
(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 New York Dividend Advantage Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         August 29, 2014        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         August 29, 2014        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         August 29, 2014