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Nuveen AMT-Free Municipal Credit Income Fund

Regulatory Filings Mar 30, 2012

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N-Q 1 nq2.htm NVG_NQ Unassociated Document Licensed to: FGS Document Created using EDGARizerAgent 5.4.1.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.

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: 1/31/12

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)
January 31, 2012
Principal Optional Call
Amount (000) Description (1) Provisions (2) Ratings (3) Value
Municipal Bonds – 146.0% (99.8% of Total Investments)
Alabama – 1.8% (1.2% of Total Investments)
$ 5,310 Athens, Alabama, Water and Sewerage Revenue Warrants, Series 2002, 5.300%, 5/01/32 5/12 at 101.00 A+ (4) $ 5,431,227
(Pre-refunded 5/01/12) – NPFG Insured
3,045 Hoover, Alabama, General Obligation Bonds, Series 2003, 5.000%, 3/01/20 (Pre-refunded 3/12 at 101.00 AA+ (4) 3,087,752
3/01/12) – NPFG Insured
8,355 Total Alabama 8,518,979
Alaska – 3.3% (2.3% of Total Investments)
15,000 Alaska, International Airport System Revenue Bonds, Series 2002B, 5.250%, 10/01/27 10/12 at 100.00 Aa3 (4) 15,505,950
(Pre-refunded 10/01/12) – AMBAC Insured
Arizona – 2.4% (1.7% of Total Investments)
5,000 Phoenix Civic Improvement Corporation, Arizona, Senior Lien Airport Revenue Bonds, Series 7/12 at 100.00 AA– 5,024,350
2002B, 5.250%, 7/01/32 – FGIC Insured (Alternative Minimum Tax)
6,000 Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%, No Opt. Call AA 6,411,660
7/01/37 – FGIC Insured
11,000 Total Arizona 11,436,010
California – 15.9% (10.9% of Total Investments)
2,000 Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series No Opt. Call BBB+ 1,324,400
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– 2,428,580
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 – NPFG Insured 10/15 at 100.00 Aa3 1,621,724
1,565 5.000%, 10/01/27 – NPFG Insured 10/15 at 100.00 Aa3 1,703,221
2,000 Ceres Unified School District, Stanislaus County, California, General Obligation Bonds, Series 8/12 at 29.17 A+ 566,780
2002B, 0.000%, 8/01/33 – FGIC Insured
14,345 Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, No Opt. Call Aa2 3,293,469
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 Aa3 1,511,601
3,600 0.000%, 8/01/34 – AGM Insured 8/28 at 100.00 Aa3 2,011,644
2,425 Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005, 9/15 at 100.00 A 2,464,212
5.000%, 9/01/27 – AMBAC Insured
18,665 Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement 6/15 at 100.00 A2 18,757,578
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:
3,040 4.500%, 6/01/27 6/17 at 100.00 B 2,492,405
650 5.000%, 6/01/33 6/17 at 100.00 B– 486,954
1,000 5.750%, 6/01/47 6/17 at 100.00 B– 756,070
365 5.125%, 6/01/47 6/17 at 100.00 B– 248,642
1,990 Kern Community College District, California, General Obligation Bonds, Series 2006, 0.000%, No Opt. Call Aa2 1,150,021
11/01/25 – AGM Insured
7,935 Los Angeles, California, Certificates of Participation, Series 2002, 5.300%, 4/01/32 – 4/12 at 100.00 A+ 7,960,313
AMBAC Insured
2,220 Northern California Power Agency, Revenue Refunding Bonds, Hydroelectric Project 1, Series 3/12 at 100.00 A 2,222,087
1998A, 5.200%, 7/01/32 – NPFG Insured
Oceanside Unified School District, San Diego County, California, General Obligation Bonds,
Series 2008A and 2009A:
5,905 0.000%, 8/01/26 – AGC Insured No Opt. Call AA– 3,073,257
2,220 0.000%, 8/01/28 – AGC Insured No Opt. Call AA– 1,010,899
2,675 Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/38 – 8/29 at 100.00 AA– 2,150,192
AGC Insured
4,150 Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of 10/21 at 100.00 AA– 3,621,415
Participation, Series 2011, 0.000%, 10/01/28 – AGM Insured
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 1,018,760
1,180 3.000%, 6/15/26 – AGM Insured 6/17 at 100.00 Aa2 1,194,620
6,820 San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment 8/17 at 100.00 BBB 5,816,846
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 4,344,127
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 1,864,239
5.000%, 8/01/28 – NPFG Insured
101,975 Total California 75,094,056
Colorado – 5.8% (4.0% of Total Investments)
17,300 Adams County, Colorado, FHA-Insured Mortgage Revenue Bonds, Platte Valley Medical Center, 8/15 at 100.00 BBB 18,322,257
Series 2005, 5.000%, 8/01/24 – NPFG Insured
750 Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/32 – 10/16 at 100.00 BBB– 756,578
SYNCORA GTY Insured
17,000 E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, No Opt. Call BBB 8,162,210
9/01/25 – NPFG Insured
35,050 Total Colorado 27,241,045
District of Columbia – 1.7% (1.2% of Total Investments)
6,805 District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 4.500%, 4/01/42 – 4/17 at 100.00 A– 6,954,098
AMBAC Insured
935 Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds, 10/16 at 100.00 AA+ 1,066,368
Tender Option Bond Trust 1606, 11.636%, 10/01/30 – AMBAC Insured (IF)
7,740 Total District of Columbia 8,020,466
Florida – 10.8% (7.4% 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– 3,262,230
AGM Insured
Florida Municipal Loan Council, Revenue Bonds, Series 2003B:
2,305 5.250%, 12/01/17 – NPFG Insured 12/13 at 100.00 A– 2,432,029
1,480 5.250%, 12/01/18 – NPFG Insured 12/13 at 100.00 A– 1,555,569
5,945 Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B, 10/12 at 100.00 Aa3 6,084,589
5.125%, 10/01/21 – AGM Insured (Alternative Minimum Tax)
5,655 Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B, 10/12 at 100.00 AA+ (4) 5,812,039
5.125%, 10/01/21 (Pre-refunded 10/01/12) – AGM Insured (Alternative Minimum Tax)
2,335 Lee County, Florida, Airport Revenue Refunding Bonds, Series 2011A, 5.375%, 10/01/32 – AGM 8/21 at 100.00 AA– 2,577,747
Insured (Alternative Minimum Tax)
1,545 Miami, Florida, Special Obligation Non-Ad Valorem Revenue Refunding Bonds, Series 2011A, No Opt. Call AA– 1,775,993
6.000%, 2/01/31 – AGM Insured
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002:
7,165 5.625%, 10/01/15 – FGIC Insured (Alternative Minimum Tax) 10/12 at 100.00 A2 7,357,237
5,600 5.750%, 10/01/16 – FGIC Insured (Alternative Minimum Tax) 10/12 at 100.00 A2 5,749,744
10,000 5.125%, 10/01/21 – FGIC Insured (Alternative Minimum Tax) 10/12 at 100.00 A2 10,174,300
2,000 5.250%, 10/01/22 – FGIC Insured (Alternative Minimum Tax) 10/12 at 100.00 A2 2,033,960
1,000 South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System 8/17 at 100.00 AA 1,042,410
Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)
1,000 Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/28 – 10/15 at 100.00 AA 1,087,590
NPFG Insured
49,030 Total Florida 50,945,437
Georgia – 2.2% (1.5% of Total Investments)
6,925 Atlanta and Fulton County Recreation Authority, Georgia, Guaranteed Revenue Bonds, Park 12/15 at 100.00 Aa2 7,362,037
Improvement, Series 2005A, 5.000%, 12/01/30 – NPFG Insured
1,000 Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/22 – 11/14 at 100.00 AA– 1,082,010
AGM Insured
1,710 Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia 10/21 at 100.00 Aa2 1,823,972
Medical Center Project, Series 2011B, 5.000%, 10/01/41
9,635 Total Georgia 10,268,019
Idaho – 1.0% (0.7% of Total Investments)
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 Aa2 3,332,130
1,130 5.000%, 7/15/24 – NPFG Insured 7/16 at 100.00 Aa2 1,247,599
4,130 Total Idaho 4,579,729
Illinois – 11.1% (7.6% of Total Investments)
Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International
Airport, Series 2001C:
4,250 5.500%, 1/01/16 – AMBAC Insured (Alternative Minimum Tax) 4/12 at 100.00 A2 4,263,473
4,485 5.500%, 1/01/17 – AMBAC Insured (Alternative Minimum Tax) 4/12 at 100.00 A2 4,497,872
4,730 5.500%, 1/01/18 – AMBAC Insured (Alternative Minimum Tax) 4/12 at 100.00 A2 4,743,575
2,930 5.500%, 1/01/19 – AMBAC Insured (Alternative Minimum Tax) 4/12 at 100.00 A2 2,938,409
3,600 Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport, 1/16 at 100.00 A1 3,939,624
Series 2005A, 5.250%, 1/01/24 – NPFG Insured
3,000 Chicago, Illinois, Third Lien General Airport Revenue Refunding Bonds, O’Hare International 4/12 at 100.00 A1 3,009,210
Airport, Series 2002A, 5.750%, 1/01/17 – NPFG Insured (Alternative Minimum Tax)
4,000 Cicero, Cook County, Illinois, General Obligation Corporate Purpose Bonds, Series 2002, 12/12 at 101.00 BBB 4,107,280
5.000%, 12/01/21 – 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 740,000
2,000 0.000%, 2/01/34 2/21 at 100.00 AA 547,860
480 DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds, 10/13 at 100.00 Aa3 514,003
Series 2003C, 5.250%, 10/01/22 – AGM Insured
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) 832,847
250 5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured 10/13 at 100.00 Aa3 (4) 270,405
3,000 Illinois Finance Authority, Revenue Bonds, The University of Chicago, Series 2012A, 5.000%, 10/21 at 100.00 Aa1 3,333,720
10/01/51 (WI/DD, Settling 2/02/12)
3,500 Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Series 2007A, 5.000%, 2/17 at 100.00 A+ 3,701,880
2/01/35 – FGIC Insured
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 4,350,750
17,465 0.000%, 6/15/45 – AGM Insured No Opt. Call AAA 2,870,198
3,335 Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion 6/20 at 100.00 AAA 3,634,316
Project, Tender Option Bond Trust 3861, 13.737%, 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– 4,273,620
89,195 Total Illinois 52,569,042
Indiana – 13.2% (9.0% of Total Investments)
3,380 Evansville, Indiana, Sewerage Works Revenue Refunding Bonds, Series 2003A, 5.000%, 7/01/20 – 7/13 at 100.00 A1 3,537,373
AMBAC Insured
Indiana Bond Bank, Special Program Bonds, Hendricks County Redevelopment District,
Series 2002D:
5,075 5.250%, 4/01/26 (Pre-refunded 4/01/12) – AMBAC Insured 4/12 at 100.00 AA (4) 5,118,239
7,000 5.250%, 4/01/30 (Pre-refunded 4/01/12) – AMBAC Insured 4/12 at 100.00 AA (4) 7,059,640
10,000 Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Marion General Hospital, 7/12 at 100.00 A+ 10,044,900
Series 2002, 5.250%, 7/01/32 – 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+ 3,393,079
NPFG Insured
5,000 Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A, 1/19 at 100.00 AA– 5,614,350
5.500%, 1/01/38 – AGC Insured
20,000 Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A, 7/12 at 100.00 AA+ (4) 20,420,000
5.250%, 7/01/33 (Pre-refunded 7/01/12) – NPFG Insured
6,960 Valparaiso Middle School Building Corporation, Indiana, First Mortgage Refunding Bonds, Series 1/13 at 100.00 AA+ 7,155,089
2002, 5.000%, 7/15/24 – NPFG Insured
60,630 Total Indiana 62,342,670
Kansas – 0.8% (0.5% of Total Investments)
3,500 Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health No Opt. Call AA 3,736,600
Services Corporation, Series 2010A, 5.000%, 1/01/40
Kentucky – 0.6% (0.4% of Total Investments)
2,415 Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series 2/19 at 100.00 AA– 2,909,568
2009, 5.250%, 2/01/20 – AGC Insured
Louisiana – 4.4% (3.0% of Total Investments)
1,000 Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical 1/21 at 100.00 AA– 1,114,960
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– 5,554,100
Inc. Project, Series 2010, 5.500%, 10/01/41 – AGM Insured
1,325 Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series 7/14 at 100.00 BBB 1,406,541
2004, 5.250%, 7/01/24 – NPFG Insured
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 805,959
8,270 4.500%, 5/01/41 – FGIC Insured (UB) 5/16 at 100.00 Aa1 8,509,499
3 Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006, Residuals 660-5, 16.191%, 5/16 at 100.00 Aa1 3,718
5/01/34 – FGIC Insured (IF)
3,085 New Orleans, Louisiana, General Obligation Refunding Bonds, Series 2002, 5.125%, 9/01/21 – 9/12 at 100.00 A3 3,146,515
NPFG Insured
19,453 Total Louisiana 20,541,292
Massachusetts – 0.9% (0.6% of Total Investments)
1,000 Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, 1/20 at 100.00 AA+ 1,120,890
Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35
2,775 Massachusetts Water Resources Authority, General Revenue Bonds, Series 2007A, 4.500%, 2/17 at 100.00 AA+ 2,875,871
8/01/46 – AGM Insured (UB) (5)
3,775 Total Massachusetts 3,996,761
Michigan – 1.1% (0.7% of Total Investments)
3,230 Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, No Opt. Call AA 3,432,198
5.000%, 12/01/39
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) 330,374
1,225 5.000%, 12/01/31 (UB) 12/16 at 100.00 AA 1,287,904
4,730 Total Michigan 5,050,476
Minnesota – 0.5% (0.3% of Total Investments)
1,970 Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series No Opt. Call AA– 2,200,470
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) 1,762,208
2004, 5.250%, 3/01/19 (Pre-refunded 3/01/14) – AGM Insured
Nebraska – 1.9% (1.3% of Total Investments)
6,360 Lincoln, Nebraska, Electric System Revenue Bonds, Series 2005, 5.000%, 9/01/32 9/15 at 100.00 AA 7,068,949
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Series 2003A:
1,000 5.250%, 4/01/20 – AGM Insured 4/13 at 100.00 AA– 1,044,080
1,000 5.250%, 4/01/21 – AGM Insured 4/13 at 100.00 AA– 1,044,080
8,360 Total Nebraska 9,157,109
Nevada – 2.1% (1.4% of Total Investments)
2,350 Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26 – No Opt. Call AA– 2,627,253
AGM Insured
6,665 Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran 1/20 at 100.00 AA– 7,279,713
International Airport, Series 2010A, 5.250%, 7/01/39 – AGM Insured
9,015 Total Nevada 9,906,966
New Jersey – 1.2% (0.8% of Total Investments)
2,150 New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series No Opt. Call A+ 2,660,045
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– 1,529,724
AGM Insured
1,340 Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, 6/17 at 100.00 B1 1,258,702
Series 2007-1A, 4.500%, 6/01/23
4,690 Total New Jersey 5,448,471
New York – 6.6% (4.5% of Total Investments)
1,120 Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore 2/15 at 100.00 BBB 1,222,088
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– 3,963,890
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 13.461%, 2/15/33 (IF) 2/19 at 100.00 AAA 2,606,240
1,335 13.449%, 2/15/33 (IF) 2/19 at 100.00 AAA 1,739,291
850 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series No Opt. Call A 962,234
2011A, 5.750%, 2/15/47
3,130 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%, 2/17 at 100.00 A 3,105,367
2/15/47 – NPFG Insured
2,400 Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2006F, 4.250%, 11/16 at 100.00 A– 2,461,008
5/01/33 – NPFG Insured
1,900 Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/21 at 100.00 AA– 2,089,544
5/01/36 – AGM Insured
480 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B, 11/15 at 100.00 A 507,850
5.000%, 11/15/30 – AMBAC Insured
10,265 Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, 11/12 at 100.00 AA– 10,537,330
Series 2002A, 5.000%, 11/15/30 – AGM Insured
1,435 New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project 3/19 at 100.00 AA– 1,700,633
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
28,575 Total New York 30,895,475
North Carolina – 0.6% (0.4% of Total Investments)
2,080 North Carolina Medical Care Commission, FHA-Insured Mortgage Revenue Bonds, Betsy Johnson 10/13 at 100.00 AA– (4) 2,245,360
Regional Hospital Project, Series 2003, 5.375%, 10/01/24 (Pre-refunded 10/01/13) – AGM Insured
540 Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A, 6.000%, 6/01/34 – 6/19 at 100.00 AA– 621,535
AGC Insured
2,620 Total North Carolina 2,866,895
Ohio – 1.7% (1.2% of Total Investments)
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
Bonds, Senior Lien, Series 2007A-2:
125 5.125%, 6/01/24 6/17 at 100.00 B– 98,591
710 5.875%, 6/01/30 6/17 at 100.00 B– 552,217
685 5.750%, 6/01/34 6/17 at 100.00 B– 510,072
1,570 5.875%, 6/01/47 6/17 at 100.00 B– 1,166,730
4,650 Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding No Opt. Call Aa3 5,803,433
Series 2007, 5.250%, 12/01/28 – AGM Insured
7,740 Total Ohio 8,131,043
Oklahoma – 0.4% (0.3% of Total Investments)
2,000 Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007, 2/17 at 100.00 A 2,088,100
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 3,439,770
5.000%, 11/15/33
Pennsylvania – 4.7% (3.2% of Total Investments)
4,500 Allegheny County, Pennsylvania, Airport Revenue Refunding Bonds, Pittsburgh International No Opt. Call BBB+ 4,651,380
Airport, Series 1997A, 5.750%, 1/01/13 – NPFG Insured (Alternative Minimum Tax)
1,050 Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E, 1/20 at 100.00 AA– 1,136,531
5.000%, 1/01/40 – AGM Insured
4,130 Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of 12/16 at 100.00 Aa2 4,283,141
Philadelphia, Series 2006B, 4.500%, 6/01/32 – AGM Insured (UB)
1,050 Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2006A, 5.000%, 12/01/26 – 6/16 at 100.00 Aa3 1,145,309
AMBAC Insured
6,000 Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%, 6/26 at 100.00 AA– 5,698,440
6/01/33 – AGM Insured
2,000 Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B, 5.250%, 11/13 at 100.00 AA– 2,105,820
11/15/18 – AGM Insured
2,000 Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2005, 1/16 at 100.00 AA– 2,269,320
5.000%, 1/15/19 – AGM Insured (UB)
1,000 State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School 6/13 at 100.00 AA+ (4) 1,063,490
District, Series 2003, 5.000%, 6/01/23 (Pre-refunded 6/01/13) – AGM Insured
21,730 Total Pennsylvania 22,353,431
Puerto Rico – 0.9% (0.6% of Total Investments)
1,225 Puerto Rico Municipal Finance Agency, Series 2005C, 5.250%, 8/01/21 – CIFG Insured No Opt. Call AA– 1,379,791
8,480 Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C, No Opt. Call Aa2 1,988,051
0.000%, 8/01/39
5,000 Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, No Opt. Call Aa2 947,400
8/01/42 – NPFG Insured
14,705 Total Puerto Rico 4,315,242
South Carolina – 1.4% (1.0% of Total Investments)
1,950 Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series 12/16 at 100.00 AA 2,125,559
2006, 5.000%, 12/01/28 – AGM Insured
Greenville, South Carolina, Tax Increment Revenue Improvement Bonds, Series 2003:
1,000 5.500%, 4/01/17 (Pre-refunded 4/01/13) – NPFG Insured 4/13 at 100.00 A– (4) 1,061,060
2,300 5.000%, 4/01/21 (Pre-refunded 4/01/13) – NPFG Insured 4/13 at 100.00 A– (4) 2,427,052
1,000 Scago Educational Facilities Corporation, South Carolina, Installment Purchase Revenue Bonds, 10/15 at 100.00 AA– 1,093,210
Spartanburg County School District 5, Series 2005, 5.000%, 4/01/21 – AGM Insured
6,250 Total South Carolina 6,706,881
Tennessee – 8.8% (6.0% 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 1,653,500
1,455 5.000%, 10/01/20 – AGM Insured 10/14 at 100.00 AA 1,609,259
1,955 5.000%, 10/01/21 – AGM Insured 10/14 at 100.00 AA 2,162,269
10,000 Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002A, 11/12 at 100.00 AA– (4) 10,370,300
5.125%, 11/01/28 (Pre-refunded 11/01/12) – AMBAC Insured
10,000 Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002B, 11/12 at 100.00 AA– (4) 10,370,300
5.125%, 11/01/29 (Pre-refunded 11/01/12) – AMBAC Insured
15,195 Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds, 5/12 at 100.00 Aa1 (4) 15,388,888
Series 2002A, 5.250%, 5/01/32 (Pre-refunded 5/01/12) – AGM Insured
40,100 Total Tennessee 41,554,516
Texas – 19.6% (13.4% of Total Investments)
2,265 Dallas-Ft. Worth International Airport, Texas, Joint Revenue Refunding and Improvement Bonds, 4/12 at 100.00 A+ 2,274,694
Series 2001A, 5.750%, 11/01/13 – NPFG Insured (Alternative Minimum Tax)
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,
TECO Project, Series 2003:
2,240 5.000%, 11/15/16 – NPFG Insured 11/13 at 100.00 AA 2,397,405
2,355 5.000%, 11/15/17 – NPFG Insured 11/13 at 100.00 AA 2,513,727
1,545 Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender 11/21 at 100.00 AA 2,158,674
Option Bond Trust 1014, 13.675%, 11/01/41 (IF)
4,080 Harris County, Texas, General Obligtion Toll Road Revenue Bonds, Tender Option Bond Trust No Opt. Call AAA 8,066,935
3418, 13.996%, 8/15/27 – AGM Insured (IF)
13,000 Houston Area Water Corporation, Texas, Contract Revenue Bonds, Northeast Water Purification 3/12 at 100.00 N/R (4) 13,054,080
Plant, Series 2002, 5.125%, 3/01/32 (Pre-refunded 3/01/12) – FGIC Insured
1,000 Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%, 5/14 at 100.00 AA 1,091,030
5/15/24 – FGIC Insured
3,220 North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%, 12/21 at 100.00 AA– 3,476,280
12/15/36 – AGM Insured
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011C:
2,590 0.000%, 9/01/43 9/31 at 100.00 AA 1,705,152
3,910 0.000%, 9/01/45 9/31 at 100.00 AA 2,842,531
500 San Antonio, Texas, Water Revenue Refunding Bonds, Series 2002, 5.500%, 5/15/17 (Pre-refunded 5/12 at 100.00 Aa1 (4) 507,730
5/15/12) – AGM Insured
3,845 San Antonio, Texas, Water Revenue Refunding Bonds, Series 2002, 5.500%, 5/15/17 – AGM Insured 5/12 at 100.00 Aa1 3,902,406
6,940 Texas Department of Housing and Community Affairs, Single Family Mortgage Bonds, Series 2002B, 3/12 at 100.00 AA+ 6,945,274
5.550%, 9/01/33 – NPFG Insured (Alternative Minimum Tax)
Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,
Series 2002:
3,520 5.125%, 11/01/20 – NPFG Insured 5/12 at 100.00 Baa1 3,524,506
3,520 5.125%, 11/01/21 – NPFG Insured 5/12 at 100.00 Baa1 3,522,922
Texas Student Housing Authority, Revenue Bonds, Austin Project, Senior Series 2001A:
9,000 5.375%, 1/01/23 – NPFG Insured 1/14 at 100.00 Baa2 7,883,460
11,665 5.500%, 1/01/33 – NPFG Insured 1/13 at 101.00 Baa2 9,303,304
5,000 Texas Water Development Board, Senior Lien State Revolving Fund Revenue Bonds, Series 1999B, 4/12 at 100.00 AAA 5,020,150
5.250%, 7/15/17
9,145 Texas, General Obligation Bonds, Veterans Housing Assistance Program Fund II, Series 2002A-1, 6/12 at 100.00 Aaa 9,276,871
5.250%, 12/01/22 (Pre-refunded 6/01/12) (Alternative Minimum Tax) (UB)
3,000 Williamson County, Texas, General Obligation Bonds, Series 2002, 5.250%, 2/15/25 2/12 at 100.00 AAA 2,997,612
(Pre-refunded 2/15/12) – AGM Insured
92,340 Total Texas 92,464,743
Utah – 1.4% (0.9% of Total Investments)
4,865 Utah Transit Authority, Sales Tax Revenue Bonds, Series 2008, Trust 1193, 13.430%, 12/15/15 – No Opt. Call AAA 6,513,651
AGM Insured (IF)
Washington – 14.5% (9.9% of Total Investments)
5,265 Energy Northwest, Washington Public Power, Nine Canyon Wind Project Revenue Bonds, Series 7/16 at 100.00 A 5,401,574
2006A, 4.500%, 7/01/30 – AMBAC Insured
3,235 Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station – 7/12 at 100.00 AA– (4) 3,304,973
Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 (Pre-refunded 7/01/12) – AGM Insured
3,365 Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station – 7/12 at 100.00 AA– 3,432,401
Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 – AGM Insured
7,675 Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series 7/12 at 100.00 Aa1 7,839,399
2002A, 5.500%, 7/01/15 – NPFG Insured
2,500 Port of Seattle, Washington, Revenue Refunding Bonds, Series 2002D, 5.750%, 11/01/15 – FGIC 11/12 at 100.00 Aa2 2,578,200
Insured (Alternative Minimum Tax)
2,200 Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series 12/13 at 100.00 AA+ 2,372,084
2003B, 5.000%, 6/01/17 – AGM Insured
3,255 Thurston and Pierce Counties School District, Washington, General Obligation Bonds, Yelm 6/13 at 100.00 Aa1 (4) 3,472,499
Community Schools, Series 2003, 5.250%, 12/01/16 (Pre-refunded 6/01/13) – AGM Insured
10,000 University of Washington, General Revenue Bonds, Refunding Series 2007, 5.000%, 6/01/37 – 6/17 at 100.00 Aaa 10,786,600
AMBAC Insured (UB)
4,325 Washington State Economic Development Finance Authority, Wastewater Revenue Bonds, LOTT 6/12 at 100.00 Aa3 (4) 4,396,709
Project, Series 2002, 5.125%, 6/01/22 (Pre-refunded 6/01/12) – AMBAC Insured
15,000 Washington State Health Care Facilities Authority, Revenue Bonds, Harrison Memorial Hospital, 8/13 at 102.00 N/R 15,127,797
Series 1998, 5.000%, 8/15/28 – AMBAC Insured
3,335 Washington State, General Obligation Bonds, Series 2009, Trust 1212, 13.597%, 7/01/14 – No Opt. Call AA+ 4,358,878
AGM Insured (IF)
5,170 Whitman County School District 267, Pullman, Washington, General Obligation Bonds, Series 6/12 at 100.00 Aa1 (4) 5,253,541
2002, 5.000%, 12/01/20 (Pre-refunded 6/01/12) – AGM Insured
65,325 Total Washington 68,324,655
Wisconsin – 1.6% (1.1% of Total Investments)
2,220 Wisconsin Health and Educational Facilities Authority, Revenus Bonds, Gundersen Lutheran, 10/21 at 100.00 A+ 2,350,514
Series 2011A, 5.250%, 10/15/39
5,000 Wisconsin, Transportation Revenue Refunding Bonds, Series 2002-1, 5.125%, 7/01/18 7/12 at 100.00 AA+ (4) 5,103,250
(Pre-refunded 7/01/12) – AMBAC Insured
7,220 Total Wisconsin 7,453,764
$ 747,718 Total Municipal Bonds (cost $639,749,674) – 146.0% 688,339,490
Shares Description (1) Value
Investment Companies – 0.3% (0.2% of Total Investments)
13,600 BlackRock MuniEnhanced Fund Inc. 163,880
8,134 BlackRock MuniHoldings Fund Inc. 146,005
7,920 Dreyfus Strategic Municipal Fund 73,102
3,500 DWS Municipal Income Trust 49,735
9,500 Invesco Advantage Municipal Income Fund II 126,350
9,668 Invesco Quality Municipal Income Trust 134,482
28,980 Invesco Van Kampen Investment Grade Municipal Trust 447,451
26,280 PIMCO Municipal Income Fund II 338,224
Total Investment Companies (cost $1,353,712) 1,479,229
Total Investments (cost $641,103,386) – 146.3% 689,818,719
Floating Rate Obligations – (6.0)% (28,413,334)
MuniFund Term Preferred Shares, at Liquidation Value – (22.9)% (6) (108,000,000)
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (19.6)% (6) (92,500,000)
Other Assets Less Liabilities – 2.2% 10,714,234
Net Assets Applicable to Common Shares – 100% $ 471,619,619

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 three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – 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 risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of January 31, 2012:

Level 1 Level 2 Level 3 Total
Investments:
Municipal Bonds $ — $ 688,339,490 $ — $ 688,339,490
Investment Companies 1,479,229 1,479,229
Total $ 1,479,229 $ 688,339,490 $ — $ 689,818,719

During the period ended January 31, 2012, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.

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.

At January 31, 2012, the cost of investments was $620,079,332.

Gross unrealized appreciation and gross unrealized depreciation of investments at January 31, 2012, were as follows:

Gross unrealized: — Appreciation $ 55,312,559
Depreciation (13,987,082 )
Net unrealized appreciation (depreciation) of investments $ 41,325,477
(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) MuniFund Term Preferred Shares and Variable Rate MuniFund Term Preferred Shares, at Liquidation Value
as a percentage of Total Investments are 15.7% and 13.4%, respectively.
N/R Not rated.
WI/DD Purchased on a when-issued or delayed delivery basis.
(IF) Inverse floating rate investment.
(UB) Underlying bond of an inverse floating rate trust refelected 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 March 30, 2012

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 March 30, 2012

By (Signature and Title) /s/ Stephen D. Foy

Stephen D. Foy

Vice President and Controller (principal financial officer)

Date March 30, 2012

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