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 811-09135
 
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:         6/30/15         
 
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
      
 
   
Nuveen New York Dividend Advantage Municipal Fund (NAN)
      
   
June 30, 2015 (Unaudited)
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 144.6% (100.0% of Total Investments)
      
 
   
MUNICIPAL BONDS – 143.9% (99.5% of Total Investments)
      
 
   
Consumer Discretionary – 1.7% (1.2% of Total Investments)
      
$     2,335
  
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
9/15 at 100.00
BBB
$    2,341,001
   
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
      
5,300
  
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
6/17 at 100.00
N/R
5,486,136
   
Series 2007A, 5.000%, 12/01/23
      
7,635
  
Total Consumer Discretionary
    
7,827,137
   
Consumer Staples – 3.9% (2.7% of Total Investments)
      
3,095
  
Erie County Tobacco Asset Securitization Corporation, New York, Settlement Backed Bonds,
9/15 at 100.00
BB+
2,865,568
   
Series 2005A, 5.000%, 6/01/45
      
1,350
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed
6/16 at 100.00
B
1,320,449
   
Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26
      
3,815
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed
6/16 at 100.00
B
3,265,678
   
Bonds, Series 2006A-3, 5.000%, 6/01/35
      
320
  
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
12/15 at 100.00
A1
320,419
   
5.250%, 6/01/25
      
395
  
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
9/15 at 100.00
A1
394,988
   
5.750%, 6/01/33
      
75
  
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed
9/15 at 100.00
A1
73,249
   
Bonds, Series 2001A, 5.200%, 6/01/25
      
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
      
2,830
  
4.750%, 6/01/22
6/16 at 100.00
BBB–
2,841,263
4,390
  
5.000%, 6/01/26
6/16 at 100.00
BB–
4,450,538
1,000
  
5.000%, 6/01/34
6/16 at 100.00
B
901,240
2,110
  
5.125%, 6/01/42
6/16 at 100.00
B
1,812,300
19,380
  
Total Consumer Staples
    
18,245,692
   
Education and Civic Organizations – 24.9% (17.2% of Total Investments)
      
1,295
  
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
1,326,702
   
2007A, 5.000%, 7/01/31
      
1,855
  
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
B+
1,523,883
   
Schools, Series 2007A, 5.000%, 4/01/37
      
   
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
      
   
Bonds, Barclays Center Project, Series 2009:
      
2,950
  
6.250%, 7/15/40
1/20 at 100.00
BBB–
3,404,300
1,000
  
6.375%, 7/15/43
1/20 at 100.00
BBB–
1,158,210
3,265
  
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
12/20 at 100.00
B
3,342,283
   
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
      
   
Build New York City Resource Corporation, New York, Revenue Bonds, City University of
      
   
New York – Queens College, Q Student Residences, LLC Project, Refunding Series 2014A:
      
1,025
  
5.000%, 6/01/32
6/24 at 100.00
Aa2
1,159,931
2,070
  
5.000%, 6/01/43
6/24 at 100.00
Aa2
2,276,917
300
  
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
306,459
   
University, Series 2006, 5.000%, 5/01/23
      
5,575
  
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
7/17 at 100.00
AA
5,809,596
   
2007A, 5.000%, 7/01/41 – RAAI Insured
      
2,120
  
Dormitory Authority of the State of New York, General Revenue Bonds, New York University,
No Opt. Call
AA–
2,508,723
   
Series 2001-1, 5.500%, 7/01/20 – AMBAC Insured
      
1,760
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/23 at 100.00
A–
1,919,790
   
Series 2013A, 5.000%, 7/01/44
      
2,000
  
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
No Opt. Call
AA–
2,261,460
   
Technology, Series 2007, 5.250%, 7/01/29 – FGIC Insured
      
3,500
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/22 at 100.00
Aa2
3,879,715
   
Facilities, Series 2012A, 5.000%, 7/01/37
      
3,915
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/23 at 100.00
Aa3
4,539,364
   
Facilities, Series 2013A, 5.000%, 7/01/27
      
   
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
      
   
Facilities, Series 2015A:
      
1,120
  
5.000%, 7/01/31
No Opt. Call
Aa3
1,282,120
1,245
  
5.000%, 7/01/33
No Opt. Call
Aa3
1,412,714
2,500
  
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
4/21 at 100.00
AAA
2,801,825
   
2011A, 5.000%, 10/01/41
      
2,100
  
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College,
7/19 at 100.00
Baa2
2,257,269
   
Series 2009, 5.250%, 7/01/29
      
1,750
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
7/20 at 100.00
A–
1,975,610
   
2010, 5.250%, 7/01/30
      
1,955
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
7/25 at 100.00
A–
2,148,701
   
2015A, 5.000%, 7/01/45
      
290
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
7/19 at 100.00
AA–
323,486
   
2009A, 5.000%, 7/01/39
      
   
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2015A:
      
1,000
  
5.000%, 7/01/34
No Opt. Call
AA–
1,144,290
2,300
  
5.000%, 7/01/35
No Opt. Call
AA–
2,621,356
10,000
  
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
7/20 at 100.00
Aa1
11,258,000
   
University, Series 2010A, 5.000%, 7/01/40
      
1,600
  
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
7/20 at 100.00
Ba1
1,697,312
   
2010, 5.250%, 7/01/35
      
7,015
  
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba3
6,789,047
   
College Refunding, Series 2007-A1, 5.000%, 8/01/46
      
250
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
2/19 at 100.00
A
276,278
   
Project, Series 2009B, 5.250%, 2/01/39
      
   
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
      
   
Project, Series 2013:
      
1,005
  
5.000%, 9/01/38
9/23 at 100.00
A
1,110,515
265
  
5.000%, 9/01/43
9/23 at 100.00
A
290,848
4,445
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College
7/19 at 100.00
BBB
4,904,924
   
Project, Series 2009, 5.750%, 7/01/39
      
5,000
  
Madison County Capital Resource Corporation, New York, Revenue Bonds, Colgate University
7/25 at 100.00
AA
5,612,650
   
Project, Refunding Series 2015A, 5.000%, 7/01/40
      
1,260
  
Madison County Capital Resource Corporation, New York, Revenue Bonds, Colgate University
7/20 at 100.00
AA
1,393,522
   
Project, Series 2010A, 5.000%, 7/01/40
      
890
  
Monroe County Industrial Development Corporation, New York, Revenue Bonds, St. John Fisher
6/21 at 100.00
BBB+
992,386
   
College, Series 2011, 6.000%, 6/01/30
      
   
New Rochelle Corporation, New York, Local Development Revenue Bonds, Iona College Project,
      
   
Series 2015A:
      
75
  
5.000%, 7/01/40
7/25 at 100.00
BBB
80,176
85
  
5.000%, 7/01/45
7/25 at 100.00
BBB
90,364
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
      
   
Stadium Project, Series 2006:
      
1,000
  
5.000%, 1/01/31 – AMBAC Insured
1/17 at 100.00
BB+
1,024,870
160
  
5.000%, 1/01/36 – AMBAC Insured
1/17 at 100.00
BB+
163,578
3,515
  
5.000%, 1/01/39 – AMBAC Insured
1/17 at 100.00
BB+
3,589,448
5,050
  
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
BB+
5,128,275
400
  
5.000%, 1/01/46 – AMBAC Insured
1/17 at 100.00
BB+
407,884
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
      
   
Project, Series 2006:
      
7,555
  
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
7,638,785
2,750
  
4.750%, 3/01/46 – NPFG Insured
9/16 at 100.00
AA–
2,781,268
1,000
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of
1/21 at 100.00
A
1,098,630
   
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–
1,692,690
   
Society, Series 2013A, 5.000%, 8/01/33
      
835
  
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
10/17 at 100.00
BBB
888,190
   
College, Series 2007, 5.000%, 10/01/27
      
   
St. Lawrence County Industrial Development Agency Civic Development Corporation, New York,
      
   
Revenue Bonds, Clarkson University Project, Series 2012A:
      
1,050
  
5.250%, 9/01/33
3/22 at 100.00
A3
1,173,627
1,750
  
5.000%, 9/01/41
3/22 at 100.00
A3
1,895,110
2,260
  
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
9/20 at 100.00
A–
2,484,441
   
Series 2010A, 5.125%, 9/01/40
      
1,000
  
Yonkers Industrial Development Agency, New York, Civic Facility Revenue Bonds, Sarah Lawrence
6/19 at 100.00
BBB
1,130,710
   
College Project, Series 2001A Remarketed, 6.000%, 6/01/41
      
108,605
  
Total Education and Civic Organizations
    
116,978,232
   
Financials – 2.9% (2.0% of Total Investments)
      
4,725
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
5,460,305
   
Series 2005, 5.250%, 10/01/35
      
6,885
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
8,181,583
   
Series 2007, 5.500%, 10/01/37
      
11,610
  
Total Financials
    
13,641,888
   
Health Care – 9.3% (6.4% of Total Investments)
      
1,860
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
9/15 at 100.00
AA–
1,867,049
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
      
3,320
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
9/15 at 100.00
AA–
3,332,848
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
      
   
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
      
   
Series 2010:
      
350
  
5.000%, 7/01/26
7/20 at 100.00
A
387,608
350
  
5.200%, 7/01/32
7/20 at 100.00
A
385,970
   
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
      
   
Revenue Bonds, Series 2008:
      
4,665
  
6.500%, 12/01/21
12/18 at 100.00
Ba1
5,268,698
2,420
  
6.125%, 12/01/29
12/18 at 100.00
Ba1
2,662,726
4,800
  
6.250%, 12/01/37
12/18 at 100.00
Ba1
5,251,728
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
5/21 at 100.00
A
1,079,340
   
Obligated Group, Series 2011A, 5.000%, 5/01/41
      
3,700
  
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
5/25 at 100.00
A
4,015,499
   
Obligated Group, Series 2015A, 5.000%, 5/01/43
      
5,500
  
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
6,274,950
   
2011A, 6.000%, 7/01/40
      
500
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest System
7/20 at 100.00
A–
571,170
   
Inc., Series 2010A, 5.750%, 7/01/30
      
710
  
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
9/15 at 100.00
BB
714,899
   
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:
      
1,395
  
5.250%, 2/01/27
2/17 at 100.00
BB+
1,418,701
1,235
  
5.500%, 2/01/32
2/17 at 100.00
BB+
1,250,907
715
  
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
2/21 at 100.00
AA
842,835
   
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/35
      
3,200
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health
7/21 at 100.00
BBB+
3,477,696
   
Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28
      
1,865
  
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
8/15 at 100.00
N/R
1,859,592
   
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 1999A, 5.650%, 2/01/39
      
2,265
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
1/16 at 100.00
B+
2,268,918
   
Series 2001A, 7.125%, 7/01/31
      
650
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
7/15 at 100.00
B+
651,125
   
Series 2001B, 7.125%, 7/01/31
      
40,500
  
Total Health Care
    
43,582,259
   
Housing/Multifamily – 2.6% (1.8% of Total Investments)
      
400
  
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse
5/20 at 100.00
AA
429,444
   
River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40
      
5
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
9/15 at 100.00
AA+
5,013
   
Series 2002A, 5.500%, 11/01/34 (Alternative Minimum Tax)
      
4,000
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/19 at 100.00
AA+
4,157,280
   
Series 2009J, 4.800%, 5/01/36
      
705
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/20 at 100.00
AA+
730,352
   
Series 2010D-1A, 5.000%, 11/01/42
      
2,000
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B,
11/17 at 100.00
Aa2
2,045,880
   
5.300%, 11/01/37 (Alternative Minimum Tax)
      
600
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B,
5/19 at 100.00
Aa2
619,380
   
4.500%, 11/01/29
      
2,000
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2010A,
5/20 at 100.00
Aa2
2,077,240
   
5.000%, 11/01/42
      
1,385
  
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
11/17 at 100.00
Aa2
1,411,855
   
11/01/38 (Alternative Minimum Tax)
      
830
  
New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue
8/15 at 100.00
Aa1
832,092
   
Bonds, Series 1999I, 6.200%, 2/15/20 (Alternative Minimum Tax)
      
11,925
  
Total Housing/Multifamily
    
12,308,536
   
Housing/Single Family – 0.2% (0.1% of Total Investments)
      
645
  
Guam Housing Corporation, Mortgage-Backed Securities Program Single Family Mortgage Revenue
No Opt. Call
N/R
698,909
   
Bonds, Series 1998A, 5.750%, 9/01/31 (Alternative Minimum Tax)
      
   
Industrials – 3.8% (2.6% of Total Investments)
      
445
  
Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt
1/25 at 100.00
N/R
471,406
   
Paper NY, Inc. Project, Series 2014, 5.000%, 1/01/35 (Alternative Minimum Tax)
      
17,145
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
11/24 at 100.00
N/R
17,284,560
   
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
      
17,590
  
Total Industrials
    
17,755,966
   
Long-Term Care – 2.9% (2.0% of Total Investments)
      
2,095
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
2,264,444
   
Westchester Project, Series 2006, 5.200%, 2/15/41
      
1,275
  
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
11/16 at 100.00
Baa3
1,297,351
   
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005:
      
100
  
5.125%, 7/01/30 – ACA Insured
9/15 at 100.00
N/R
100,055
850
  
5.000%, 7/01/35 – ACA Insured
9/15 at 100.00
N/R
850,238
3,240
  
East Rochester Housing Authority, New York, Senior Living Revenue Bonds, Woodland Village
8/16 at 101.00
N/R
3,283,805
   
Project, Series 2006, 5.500%, 8/01/33
      
2,595
  
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
2,630,785
   
Project, Series 2006A, 6.000%, 11/15/36
      
685
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
1/16 at 100.00
N/R
691,103
   
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:
      
935
  
5.500%, 7/01/18
7/16 at 101.00
N/R
924,435
1,155
  
5.800%, 7/01/23
7/16 at 101.00
N/R
1,133,032
   
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
      
   
Needs Facilities Pooled Program, Series 2008-B1:
      
250
  
5.500%, 7/01/18
7/16 at 100.00
N/R
190,133
340
  
5.800%, 7/01/23
7/16 at 101.00
N/R
253,103
170
  
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
7/16 at 101.00
N/R
166,767
   
Facilities Pooled Program Bonds, Series 2008-C1, 5.800%, 7/01/23
      
13,690
  
Total Long-Term Care
    
13,785,251
   
Tax Obligation/General – 12.4% (8.6% of Total Investments)
      
   
New York City, New York, General Obligation Bonds, Fiscal 2007 Series D-1:
      
11,130
  
5.125%, 12/01/25 (UB)
12/17 at 100.00
AA
12,258,471
10,000
  
5.125%, 12/01/26 (UB)
12/17 at 100.00
AA
11,008,800
400
  
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
8/19 at 100.00
AA
452,120
1,000
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series B, 5.000%, 8/01/30
No Opt. Call
AA
1,133,620
980
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/32
8/22 at 100.00
AA
1,101,598
5,000
  
New York City, New York, General Obligation Bonds, Fiscal 2014 Series A-1, 5.000%, 8/01/26
8/23 at 100.00
AA
5,859,000
8,365
  
New York City, New York, General Obligation Bonds, Fiscal 2015 Series B, 5.000%, 8/01/30
8/24 at 100.00
AA
9,607,788
5
  
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
9/15 at 100.00
AA
5,021
85
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19 –
9/15 at 100.00
AA
85,697
   
SYNCORA GTY Insured
      
25
  
New York City, New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%, 6/01/25
6/16 at 100.00
AA
26,055
3,665
  
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
8/16 at 100.00
AA
3,842,606
3,775
  
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012,
No Opt. Call
AA
4,285,078
   
5.000%, 4/01/28
      
   
New York City, New York, General Obligation Bonds, Tender Option Bond Trust 3324:
      
3,125
  
18.003%, 3/01/21 (IF) (4)
No Opt. Call
AA
4,716,375
1,525
  
18.003%, 3/01/21 (IF) (4)
No Opt. Call
AA
2,301,591
   
Rochester, New York, General Obligation Bonds, Series 1999:
      
720
  
5.250%, 10/01/18 – NPFG Insured
No Opt. Call
AA–
810,641
720
  
5.250%, 10/01/19 – NPFG Insured
No Opt. Call
AA–
830,974
50,520
  
Total Tax Obligation/General
    
58,325,435
   
Tax Obligation/Limited – 28.9% (20.0% of Total Investments)
      
590
  
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series
9/15 at 100.00
AA
592,443
   
2005A, 5.250%, 7/01/24 – CIFG Insured
      
2,500
  
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational
No Opt. Call
AA
2,662,300
   
Facilities, Series 1993A, 5.875%, 5/15/17 – FGIC Insured
      
980
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
3/21 at 100.00
AAA
1,090,397
   
Purpose Series 2011C, 5.000%, 3/15/41
      
1,000
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
No Opt. Call
AAA
1,119,000
   
Purpose Series 2012D, 5.000%, 2/15/33
      
5,000
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
2/23 at 100.00
AAA
5,513,750
   
Purpose Series 2013A, 5.000%, 2/15/43
      
2,580
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
3/24 at 100.00
AAA
2,846,798
   
Purpose Series 2014C. Group C, 5.000%, 3/15/44
      
1,000
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2013A,
3/23 at 100.00
AAA
1,110,870
   
5.000%, 3/15/43
      
1,000
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2014A,
3/24 at 100.00
AAA
1,124,090
   
5.000%, 3/15/38
      
   
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
      
   
Series 2011A:
      
6,700
  
5.750%, 2/15/47
2/21 at 100.00
A
7,598,202
2,000
  
5.250%, 2/15/47
2/21 at 100.00
A
2,175,600
5,500
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47
2/17 at 100.00
A
5,774,065
   
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding
      
   
Series 2012A:
      
1,815
  
5.000%, 11/15/27
No Opt. Call
AA
2,134,531
2,250
  
5.000%, 11/15/29
11/22 at 100.00
AA
2,604,330
2,175
  
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,
No Opt. Call
AA
2,471,540
   
Series 2002A, 5.750%, 7/01/18
      
3,370
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
7/15 at 100.00
A–
3,387,153
   
5.500%, 1/01/34
      
6,500
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
AA
6,874,400
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
      
1,870
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
No Opt. Call
AA
2,115,288
   
Series 2013S-1, 5.000%, 7/15/31
      
465
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
5/17 at 100.00
AAA
495,848
   
Series 2007B, 5.000%, 11/01/30
      
   
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
      
   
Fiscal 2012 Series E-1:
      
3,775
  
5.000%, 2/01/37
2/22 at 100.00
AAA
4,209,956
3,950
  
5.000%, 2/01/42
2/22 at 100.00
AAA
4,382,724
3,090
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
No Opt. Call
AAA
3,527,822
   
Fiscal 2013 Series F-1, 5.000%, 2/01/29
      
7,860
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
5/23 at 100.00
AAA
8,704,164
   
Fiscal 2013 Series I, 5.000%, 5/01/38
      
4,170
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
2/24 at 100.00
AAA
4,684,578
   
Fiscal 2014 Series D-1, 5.000%, 2/01/35
      
5,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
11/20 at 100.00
AAA
5,895,200
   
Subordinate Lien Series 2011C, 5.500%, 11/01/35
      
2,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
2/21 at 100.00
AAA
2,257,340
   
Subordinate Series 2011-D1, 5.000%, 2/01/35
      
2,400
  
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
5/19 at 100.00
AAA
3,220,464
   
Tender Option Bond Trust 2015-XF0080, 13.416%, 5/01/32 (IF)
      
6,000
  
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A,
4/21 at 100.00
AA–
7,127,940
   
5.750%, 4/01/41
      
   
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
      
   
Series 2008A:
      
2,920
  
5.000%, 12/15/26 (UB)
12/17 at 100.00
AAA
3,193,546
7,020
  
5.000%, 12/15/27 (UB)
12/17 at 100.00
AAA
7,668,508
1,730
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
AA+
1,750,743
   
2005B, 5.000%, 4/01/21 – AMBAC Insured
      
5,550
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
10/17 at 100.00
AA+
6,001,881
   
5.000%, 4/01/27
      
11,300
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,
No Opt. Call
AA+
13,399,992
   
5.500%, 4/01/20 – AMBAC Insured (UB) (4)
      
2,110
  
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A,
9/20 at 100.00
AAA
2,433,758
   
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
1,576,635
   
Tender Option Bond Trust 09-6W, 13.342%, 3/15/37 (IF) (4)
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
      
16,000
  
0.000%, 8/01/43 – NPFG Insured
No Opt. Call
AA–
2,396,800
12,500
  
0.000%, 8/01/45 – NPFG Insured
No Opt. Call
AA–
1,635,750
146,000
  
Total Tax Obligation/Limited
    
135,758,406
   
Transportation – 17.4% (12.0% of Total Investments)
      
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2010D:
      
4,000
  
5.000%, 11/15/34
11/20 at 100.00
AA–
4,431,120
1,560
  
5.250%, 11/15/40
11/20 at 100.00
AA–
1,714,939
6,640
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012E,
No Opt. Call
AA–
7,237,135
   
5.000%, 11/15/42
      
2,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013E,
11/23 at 100.00
AA–
2,261,000
   
5.000%, 11/15/31
      
5,425
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2015A-1,
5/25 at 100.00
AA–
5,947,265
   
5.000%, 11/15/45
      
3,000
  
New York City Industrial Development Agency, New York, American Airlines-JFK International
8/16 at 101.00
N/R
3,210,450
   
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
72,000
5,500
  
5.875%, 10/01/46 (6)
10/17 at 102.00
N/R
1,980,000
5,585
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
12/15 at 100.00
BB
5,607,396
   
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
      
2,000
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK
8/15 at 100.00
N/R
2,022,280
   
Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)
      
3,100
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
1/16 at 100.00
A3
3,173,284
   
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
      
2,850
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
11/21 at 100.00
A+
3,136,710
   
Center Project, Series 2011, 5.000%, 11/15/44
      
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
      
   
Eighty-Forth Series 2014:
      
6,000
  
5.000%, 9/01/33
9/24 at 100.00
AA–
6,872,640
4,000
  
5.000%, 9/01/34
9/24 at 100.00
AA–
4,568,080
8,780
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
5/25 at 100.00
AA–
9,844,312
   
Eighty-Ninth Series 2015, 5.000%, 5/01/45
      
1,520
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
No Opt. Call
AA
2,002,448
   
Eighth Series 2008, Trust 2920, 18.022%, 3/16/17 – AGM Insured (IF)
      
5,000
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Sixty Sixth
1/21 at 100.00
AA–
5,490,900
   
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:
      
1,020
  
6.500%, 12/01/28
12/15 at 100.00
BBB
1,043,480
5,000
  
6.000%, 12/01/36
12/20 at 100.00
BBB
5,832,050
780
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
No Opt. Call
AA–
938,855
   
Subordinate Lien Series 2002E, 5.500%, 11/15/20 – NPFG Insured
      
3,500
  
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
No Opt. Call
AA–
4,268,180
   
Refunding Bonds, Tender Option Bond Trust 1184, 9.211%, 5/15/16 (IF)
      
77,460
  
Total Transportation
    
81,654,524
   
U.S. Guaranteed – 12.5% (8.7% of Total Investments) (7)
      
10,600
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
8/15 at 100.00
N/R (7)
10,661,162
   
Hospital, Series 2005, 4.900%, 8/15/31 (Pre-refunded 8/15/15)
      
11,050
  
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA (7)
11,461,613
   
Center, Series 2006, 5.000%, 7/01/35 (Pre-refunded 7/01/16) (UB)
      
5,000
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,
7/17 at 100.00
AA– (7)
5,421,100
   
5.000%, 7/01/32 (Pre-refunded 7/01/17) – AMBAC Insured
      
2,800
  
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
11/16 at 100.00
A (7)
2,968,364
   
Obligated Group, Series 2005A, 5.000%, 11/01/34 (Pre-refunded 11/01/16)
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Refunding
7/17 at 100.00
A3 (7)
1,084,220
   
Series 2007A, 5.000%, 7/01/36 (Pre-refunded 7/01/17)
      
3,500
  
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/17 at 100.00
A3 (7)
3,838,170
   
2007B, 5.625%, 7/01/37 (Pre-refunded 7/01/17)
      
1,005
  
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A (7)
1,017,130
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35 (Pre-refunded 10/01/15)
      
5,000
  
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A,
10/15 at 100.00
AA+ (7)
5,054,150
   
4.500%, 4/01/18 (Pre-refunded 10/01/15) – FGIC Insured
      
   
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
      
   
Needs Facilities Pooled Program, Series 2008A-1:
      
1,030
  
5.500%, 7/01/18 (Pre-refunded 7/01/16)
7/16 at 101.00
N/R (7)
1,093,046
675
  
5.800%, 7/01/23 (Pre-refunded 7/01/16)
7/16 at 101.00
N/R (7)
718,342
735
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
5/17 at 100.00
N/R (7)
793,094
   
Series 2007B, 5.000%, 11/01/30 (Pre-refunded 5/01/17)
      
2,950
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19
9/15 at 100.00
Aa2 (7)
2,973,718
   
(Pre-refunded 9/01/15) – SYNCORA GTY Insured
      
35
  
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
8/16 at 100.00
N/R (7)
36,745
   
(Pre-refunded 8/01/16)
      
275
  
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
9/15 at 100.00
N/R (7)
277,702
   
Development and Housing, Series 2006A, 5.000%, 3/15/36 (Pre-refunded 9/15/15)
      
270
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
N/R (7)
273,259
   
2005B, 5.000%, 4/01/21 (Pre-refunded 10/01/15) – AMBAC Insured
      
1,600
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 1993B,
No Opt. Call
AA+ (7)
1,791,475
   
5.000%, 1/01/20 (ETM)
      
7,500
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 1999B,
1/22 at 100.00
AA+ (7)
9,198,300
   
5.500%, 1/01/30 (Pre-refunded 1/01/22)
      
55,025
  
Total U.S. Guaranteed
    
58,661,590
   
Utilities – 14.0% (9.7% of Total Investments)
      
3,500
  
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
2/20 at 100.00
Baa3
3,901,205
   
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
      
370
  
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
394,272
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
      
7,300
  
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
AA–
7,569,808
5,300
  
5.000%, 12/01/24 – FGIC Insured
6/16 at 100.00
AA–
5,491,860
250
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
6/16 at 100.00
A–
258,469
   
5.000%, 12/01/35 – CIFG Insured
      
1,460
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A,
9/24 at 100.00
A–
1,580,392
   
5.000%, 9/01/44
      
   
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A:
      
1,000
  
5.000%, 5/01/36 – AGM Insured
5/21 at 100.00
AA
1,099,560
8,265
  
5.000%, 5/01/38
5/21 at 100.00
A–
8,963,888
1,250
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
No Opt. Call
A–
1,348,188
   
5.000%, 9/01/37
      
4,600
  
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
9/15 at 100.00
A–
4,618,078
   
Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)
      
10,760
  
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
11,100,662
   
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42
      
820
  
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,
11/15 at 100.00
Aa1
834,891
   
11/15/19 – FGIC Insured
      
4,075
  
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue
1/16 at 100.00
N/R
4,075,204
   
Cogeneration Partners Facility, Series 1998, 5.500%, 1/01/23 (Alternative Minimum Tax)
      
   
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE:
      
3,800
  
5.000%, 12/15/33
12/23 at 100.00
AAA
4,367,074
1,060
  
5.000%, 12/15/34
12/23 at 100.00
AAA
1,214,771
8,030
  
5.000%, 12/15/41
12/23 at 100.00
AAA
9,049,168
61,840
  
Total Utilities
    
65,867,490
   
Water and Sewer – 6.5% (4.5% of Total Investments)
      
4,000
  
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
7/20 at 100.00
A–
4,360,160
   
Series 2010, 5.625%, 7/01/40
      
4,140
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
12/21 at 100.00
AA+
4,562,735
   
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44
      
5,000
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
6/24 at 100.00
AA+
5,635,900
   
General Resolution Revenue Bonds, Fiscal Series 2014DD, 5.000%, 6/15/35
      
3,840
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
4/20 at 100.00
AAA
4,329,216
   
Master Financing, Series 2010C, 5.000%, 10/15/35
      
9,750
  
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
6/21 at 100.00
AAA
10,692,825
   
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
      
   
Second Resolution Series 2011B, 5.000%, 6/15/41
      
1,000
  
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
6/25 at 100.00
AAA
1,139,180
   
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
      
   
Second Resolution Subordinated SRF Series 2015A, 5.000%, 6/15/40 (WI/DD, Settling 7/02/15)
      
27,730
  
Total Water and Sewer
    
30,720,016
$ 650,155
  
Total Municipal Bonds (cost $638,546,833)
    
675,811,331
 
Shares
  
Description (1)
    
Value
   
COMMON STOCKS – 0.7% (0.5% of Total Investments)
      
           
   
Airlines – 0.7% (0.5% of Total Investments)
      
78,264
  
American Airlines Group Inc., (8)
    
$     3,125,473
   
Total Common Stocks (cost $2,431,776)
    
3,125,473
   
Total Long-Term Investments (cost $640,978,609)
    
678,936,804
   
Floating Rate Obligations – (7.8)%
    
(36,730,000)
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (19.0)% (9)
    
(89,000,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (20.0)% (10)
    
(94,000,000)
   
Other Assets Less Liabilities – 2.2%
    
10,327,441
   
Net Assets Applicable to Common Shares – 100%
    
$ 469,534,245
 
 
 
 

 
Fair Value Measurements
 
Fair value is defined as the price that would be received 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
$           —
$675,811,331
$ —
$675,811,331
Common Stocks
3,125,473
—
—
3,125,473
Total
$3,125,473
$675,811,331
$ —
$678,936,804
 
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, 2015, the cost of investments was $604,074,126.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2015, were as follows:
   
Gross unrealized:
  
Appreciation
$42,604,628
Depreciation
(4,471,938)
Net unrealized appreciation (depreciation) of investments
$38,132,690
 
(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)
  
On November 28, 2011, AMR Corp. (“AMR”), the parent company of American Airlines Group, Inc. (“AAL”)
   
filed for federal bankruptcy protection. On December 9, 2013, AMR emerged from federal bankruptcy with
   
the acceptance of its reorganization plan by the bankruptcy court. Under the settlement agreement
   
established to meet AMR’s unsecured bond obligations, the bondholders, including the Fund, received a
   
distribution of AAL preferred stock which was converted to AAL common stock over a 120- day period.
   
Every 30 days, a quarter of the preferred stock was converted to AAL common stock based on the 5-day
   
volume-weighted average price and the amount of preferred shares tendered during the optional preferred
   
conversion period.
(9)
  
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 13.1%.
(10)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 13.8%.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
(UB)
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
(WI/DD)
  
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
 
 
 
 
 
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 28, 2015        
 
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 28, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         August 28, 2015