NFC Nuveen Connecticut Dividend Advantage Municipal Fund Common Shares of Beneficial Interest

		Portfolio of Investments (Unaudited)
		Nuveen Connecticut Dividend Advantage Municipal Fund (NFC)
		August 31, 2011
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		Education and Civic Organizations – 39.2% (24.9% of Total Investments)
$ 300		Connecticut Health and Education Facilities Authority, Revenue Bonds, Connecticut College,	7/21 at 100.00	A2	$ 310,710
		Series 2011H, 5.000%, 7/01/41
250		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Canterbury School,	7/16 at 100.00	N/R	229,365
		Series 2006B, 5.000%, 7/01/36 – RAAI Insured
150		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Chase Collegiate	7/17 at 100.00	N/R	146,306
		School, Series 2007A, 5.000%, 7/01/27 – RAAI Insured
500		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University,	7/20 at 100.00	A–	513,075
		Series 2010-O, 5.000%, 7/01/40
440		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Loomis Chaffee School,	No Opt. Call	A2	521,783
		Series 2005F, 5.250%, 7/01/18 – AMBAC Insured
795		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,	7/17 at 100.00	A–	838,709
		Series 2007-I, 5.000%, 7/01/25 – NPFG Insured
		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Renbrook School,
		Series 2007A:
85		5.000%, 7/01/30 – AMBAC Insured	7/17 at 100.00	N/R	86,239
130		5.000%, 7/01/37 – AMBAC Insured	7/17 at 100.00	N/R	126,139
50		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart	1/12 at 100.00	BBB	48,017
		University, Series 1998E, 5.000%, 7/01/28 – RAAI Insured
600		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart	7/21 at 100.00	BBB	615,210
		University, Series 2011G, 5.625%, 7/01/41
225		Connecticut Health and Educational Facilities Authority, Revenue Bonds, The Loomis Chaffee	7/21 at 100.00	Aa3	244,755
		School Issue, Series 2011-I, 5.000%, 7/01/24 – AGM Insured
350		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity College,	7/14 at 100.00	A+	387,349
		Series 2004H, 5.000%, 7/01/17 – NPFG Insured
1,000		Connecticut Health and Educational Facilities Authority, Revenue Bonds, University of	7/12 at 101.00	BBB–	954,830
		Hartford, Series 2002E, 5.250%, 7/01/32 – RAAI Insured
500		Connecticut Health and Educational Facilities Authority, Revenue Bonds, University of	7/16 at 100.00	BBB–	465,870
		Hartford, Series 2006G, 5.250%, 7/01/36 – RAAI Insured
1,600		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Wesleyan University,	7/20 at 100.00	AA	1,701,456
		Series 2010G, 5.000%, 7/01/35
500		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series	7/13 at 100.00	AAA	510,370
		2003X-1, 5.000%, 7/01/42 (UB)
1,800		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series	7/16 at 100.00	AAA	1,885,950
		2007Z-1, 5.000%, 7/01/42 (UB)
3,050		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series	7/17 at 100.00	AAA	3,228,822
		2007Z-3, 5.050%, 7/01/42 (UB) (4)
		Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing
		Authority, Higher Education Revenue Bonds, Ana G. Mendez University System, Series 1999:
115		5.375%, 2/01/19	2/12 at 100.00	BBB–	115,029
270		5.375%, 2/01/29	2/12 at 100.00	BBB–	248,619
485		University of Connecticut, General Obligation Bonds, Series 2006A, 5.000%, 2/15/23 –	2/16 at 100.00	AA	529,950
		FGIC Insured
1,070		University of Connecticut, General Obligation Bonds, Series 2010A, 5.000%, 2/15/28	2/20 at 100.00	AA	1,186,170
115		University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2010A, 5.000%, 11/15/27	11/19 at 100.00	Aa2	127,768
14,380		Total Education and Civic Organizations			15,022,491
		Health Care – 27.2% (17.2% of Total Investments)
1,400		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Bristol Hospital,	7/12 at 101.00	N/R	1,307,796
		Series 2002B, 5.500%, 7/01/32 – RAAI Insured
25		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Danbury Hospital,	1/12 at 100.00	N/R	25,027
		Series 1999G, 5.700%, 7/01/22 – AMBAC Insured
840		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut	7/15 at 100.00	N/R	784,946
		Health Network, Series 2005, 5.000%, 7/01/25 – RAAI Insured
		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Griffin Hospital,
		Series 2005B:
500		5.000%, 7/01/20 – RAAI Insured	7/15 at 100.00	N/R	505,000
250		5.000%, 7/01/23 – RAAI Insured	7/15 at 100.00	N/R	245,173
200		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hospital For Special	7/17 at 100.00	BBB–	191,440
		Care, Series 2007C, 5.250%, 7/01/32 – RAAI Insured
60		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,	7/16 at 100.00	Aa3	61,013
		Series 2006, 5.000%, 7/01/32 – AGM Insured
500		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,	7/21 at 100.00	A2	519,055
		Series 2011N, 5.000%, 7/01/25
240		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,	7/20 at 100.00	A	248,299
		Series 2010-I, 5.000%, 7/01/30
620		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut	7/21 at 100.00	A	634,452
		Health, Series 2011M, 5.375%, 7/01/41
775		Connecticut Health and Educational Facilities Authority, Revenue Bonds, William W. Backus	7/18 at 100.00	AA+	796,971
		Hospital, Series 2005F, 5.125%, 7/01/35 – AGM Insured
1,870		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven	7/16 at 100.00	Aa3	1,928,942
		Hospital, Series 2006J-1, 5.000%, 7/01/31 – AMBAC Insured
225		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven	7/20 at 100.00	Aa3	238,041
		Hospital, Series 2010M, 5.500%, 7/01/40
1,000		Connecticut Health and Eductaional Facilities Authority, Revenue Bonds, Ascension Health	11/19 at 100.00	AA+	1,020,840
		Series 2010A, 5.000%, 11/15/40
175		Connecticut Health and Eductaional Facilities Authority, Revenue Bonds, Catholic Health East	11/20 at 100.00	A	177,993
		Series 2010, 4.750%, 11/15/29
1,600		Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue	2/21 at 100.00	Aa2	1,731,184
		Bonds, Unity Hospital of Rochester Project, Series 2010, 5.500%, 8/15/40
10,280		Total Health Care			10,416,172
		Housing/Multifamily – 1.2% (0.8% of Total Investments)
480		Connecticut Housing Finance Authority, Multifamily Housing Mortgage Finance Program Bonds,	11/15 at 100.00	AAA	479,698
		Series 2006G-2, 4.800%, 11/15/27 (Alternative Minimum Tax)
		Housing/Single Family – 9.3% (5.9% of Total Investments)
		Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2001C:
1,000		5.300%, 11/15/33 (Alternative Minimum Tax)	11/11 at 100.00	AAA	1,000,180
250		5.450%, 11/15/43 (Alternative Minimum Tax)	11/11 at 100.00	AAA	250,035
800		Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2004-A5,	5/13 at 100.00	AAA	808,848
		5.050%, 11/15/34
685		Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006D,	5/16 at 100.00	AAA	695,364
		4.650%, 11/15/27
800		Connecticut Housing Finance Authority, Single Family Housing Mortgage Finance Program Bonds,	11/19 at 100.00	AAA	809,160
		Series 2010-A2, 4.750%, 11/15/35
3,535		Total Housing/Single Family			3,563,587
		Long-Term Care – 2.1% (1.3% of Total Investments)
300		Connecticut Development Authority, First Mortgage Gross Revenue Healthcare Bonds, Elim Park	12/11 at 102.00	BBB	306,018
		Baptist Home Inc., Series 2003, 5.750%, 12/01/23
110		Connecticut Development Authority, First Mortgage Gross Revenue Refunding Healthcare Bonds,	10/11 at 100.00	BBB–	110,041
		Church Homes Inc. – Congregational Avery Heights, Series 1997, 5.800%, 4/01/21
35		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Village for Families	7/12 at 101.00	N/R	32,152
		and Children Inc., Series 2002A, 5.000%, 7/01/32 – AMBAC Insured
250		Connecticut State Development Authority, Health Facilities Revenue Bonds, Alzheimer’s Resource	8/17 at 100.00	N/R	239,248
		Center of Connecticut, Inc., Series 2007, 5.500%, 8/15/27
105		Hamden, Connecticut, Facility Revenue Bonds, Whitney Center Project, Series 2009A,	1/20 at 100.00	N/R	109,749
		7.625%, 1/01/30
800		Total Long-Term Care			797,208
		Tax Obligation/General – 15.9% (10.1% of Total Investments)
560		Connecticut State, General Obligation Bonds, Series 2004C, 5.000%, 4/01/23 – FGIC Insured	4/14 at 100.00	AA	605,690
700		Connecticut State, General Obligation Bonds, Series 2006A, 4.750%, 12/15/24	12/16 at 100.00	AA	768,229
100		Connecticut State, General Obligation Bonds, Series 2006C, 5.000%, 6/01/23 – AGM Insured	6/16 at 100.00	AA+	110,307
		Hartford, Connecticut, General Obligation Bonds, Series 2005A:
360		5.000%, 8/01/21 – AGM Insured	8/15 at 100.00	AA+	399,852
240		4.375%, 8/01/24 – AGM Insured	8/15 at 100.00	AA+	248,830
600		Hartford, Connecticut, General Obligation Bonds, Series 2009A, 5.000%, 8/15/28 – AGC Insured	8/19 at 100.00	AA+	653,106
400		North Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 7/15/24	No Opt. Call	Aa1	490,124
1,850		Oregon State, General Obligation Bonds, Oregon University System Projects, Series 2011G,	8/21 at 100.00	AA+	2,004,105
		5.000%, 8/01/36
		Suffield, Connecticut, General Obligation Bonds, Series 2005:
335		5.000%, 6/15/17	No Opt. Call	AA+	405,477
335		5.000%, 6/15/19	No Opt. Call	AA+	411,507
5,480		Total Tax Obligation/General			6,097,227
		Tax Obligation/Limited – 25.7% (16.3% of Total Investments)
		Connecticut Health and Educational Facilities Authority, Child Care Facilities Program Revenue
		Bonds, Series 2006F:
650		5.000%, 7/01/31 – AGC Insured	7/16 at 100.00	AA+	673,218
500		5.000%, 7/01/36 – AGC Insured	7/16 at 100.00	AA+	511,920
		Connecticut, Certificates of Participation, Juvenile Training School, Series 2001:
600		5.000%, 12/15/20	12/11 at 101.00	AA–	612,930
1,000		5.000%, 12/15/30	12/11 at 101.00	AA–	1,012,570
1,475		Connecticut, Special Tax Obligation Transportation Infrastructure Purpose Bonds, Series 1998B,	No Opt. Call	AA+	1,565,595
		5.500%, 11/01/12 – AGM Insured
900		Connecticut, Special Tax Obligation Transportation Infrastructure Purpose Revenue Bonds,	8/17 at 100.00	AA	973,305
		Series 2007A, 5.000%, 8/01/27 – AMBAC Insured
500		Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue	4/20 at 100.00	N/R	547,155
		Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
600		Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,	No Opt. Call	Baa1	575,340
		7/01/31 – AMBAC Insured
470		Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,	No Opt. Call	BBB+	115,883
		0.000%, 7/01/32 – FGIC Insured
1,200		Puerto Rico Municipal Finance Agency, Series 2005C, 5.000%, 8/01/16 – AGM Insured	8/15 at 100.00	AA+	1,304,184
1,000		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series	2/20 at 100.00	A+	1,008,710
		2010A, 5.375%, 8/01/39
750		Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A,	10/11 at 100.00	BBB+	751,508
		6.375%, 10/01/19
210		Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien	10/20 at 100.00	BBB	204,028
		Series 2010A, 5.000%, 10/01/29
9,855		Total Tax Obligation/Limited			9,856,346
		U.S. Guaranteed – 13.6% (8.6% of Total Investments) (5)
475		Connecticut Higher Education Supplemental Loan Authority, Revenue Bonds, Family Education Loan	11/11 at 100.00	Aa2 (5)	476,762
		Program, Series 2001A, 5.250%, 11/15/18 (Pre-refunded 11/15/11) – NPFG Insured (Alternative
		Minimum Tax)
2,000		Connecticut, Clean Water Fund Revenue Bonds, Series 2001, 5.500%, 10/01/20	10/11 at 100.00	N/R (5)	2,008,918
		(Pre-refunded 10/01/11)
500		Connecticut, General Obligation Bonds, Series 2002B, 5.500%, 6/15/21 (Pre-refunded 6/15/12)	6/12 at 100.00	AA (5)	521,075
220		New Haven, Connecticut, General Obligation Bonds, Series 2001A, 5.000%, 11/01/20 (Pre-refunded	11/11 at 100.00	A1 (5)	221,753
		11/01/11) – FGIC Insured
1,000		Waterbury, Connecticut, General Obligation Special Capital Reserve Fund Bonds, Series 2002A,	4/12 at 100.00	AA+ (5)	1,029,940
		5.375%, 4/01/17 (Pre-refunded 4/01/12) – AGM Insured
810		West Hartford, Connecticut, General Obligation Bonds, Series 2005B, 5.000%, 10/01/18	10/15 at 100.00	AAA	948,534
		(Pre-refunded 10/01/15)
5,005		Total U.S. Guaranteed			5,206,982
		Utilities – 6.9% (4.4% of Total Investments)
575		Connecticut Development Authority, Pollution Control Revenue Refunding Bonds, Connecticut	10/11 at 100.50	BBB+	579,520
		Light and Power Company, Series 1993A, 5.850%, 9/01/28
560		Connecticut Development Authority, Solid Waste Disposal Facilities Revenue Bonds, PSEG Power	11/12 at 100.00	Baa1	560,386
		LLC Project, Series 2007A, 5.750%, 11/01/37 (Alternative Minimum Tax)
1,000		Connecticut Resource Recovery Authority, Revenue Bonds, American Ref-Fuel Company of	12/11 at 102.00	Ba1	1,001,560
		Southeastern Connecticut LP, Series 1998A-I, 5.500%, 11/15/15 (Alternative Minimum Tax)
525		Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator	1/12 at 100.00	BBB	526,601
		Lisbon Project, Series 1993A, 5.500%, 1/01/14 (Alternative Minimum Tax)
2,660		Total Utilities			2,668,067
		Water and Sewer – 16.6% (10.5% of Total Investments)
255		Connecticut Development Authority, Water Facility Revenue Bonds, Aquarion Water Company	9/17 at 100.00	N/R	228,671
		Project, Series 2007, 5.100%, 9/01/37 – SYNCORA GTY Insured (Alternative Minimum Tax)
1,185		Connecticut, State Revolving Fund General Revenue Bonds, Series 2003A, 5.000%, 10/01/16	10/13 at 100.00	AAA	1,290,975
		Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
		Revenue Bonds, Series 2005A:
720		5.000%, 11/15/30 – NPFG Insured	11/15 at 100.00	A1	742,932
1,110		5.000%, 8/15/35 – NPFG Insured	11/15 at 100.00	A1	1,129,059
140		Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2005,	7/15 at 100.00	Ba2	140,508
		6.000%, 7/01/25
375		Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010,	7/20 at 100.00	Ba2	345,930
		5.625%, 7/01/40
500		Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A,	7/18 at 100.00	Baa2	501,895
		6.000%, 7/01/38
		South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Eighteenth
		Series 2003A:
750		5.000%, 8/01/20 – NPFG Insured	8/13 at 100.00	Aa3	783,158
470		5.000%, 8/01/33 – NPFG Insured	8/13 at 100.00	Aa3	476,796
700		South Central Connecticut Regional Water Authority, Water System Revenue Bonds,	8/21 at 100.00	Aa3	730,856
		Twentieth-Sixth Series, 2011, 5.000%, 8/01/41
6,205		Total Water and Sewer			6,370,780
$ 58,680		Total Investments (cost $59,037,109) – 157.7%			60,478,558
		Floating Rate Obligations – (10.0)%			(3,820,000)
		MuniFund Term Preferred Shares, at Liquidation Value – (53.4)% (6)			(20,470,000)
		Other Assets Less Liabilities – 5.7%			2,163,825
		Net Assets Applicable to Common Shares – 100%			$ 38,352,383

 

 

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 August 31, 2011:

 

	Level 1	Level 2	Level 3	Total
Investments:
Municipal Bonds	$ —	$60,478,558	$ —	$60,478,558

 

 

During the period ended August 31, 2011, 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 August 31, 2011, the cost of investments was $55,221,117.

 

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2011, were as follows:

 

Gross unrealized:
Appreciation	$1,956,540
Depreciation	(519,973)
Net unrealized appreciation (depreciation) of investments	$1,436,567

 

 

(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 Investor 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)		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. Bonds backed by U.S. Government or agency
		securities are given an implied rating equal to the rating of such securities.
(6)		MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 33.8%.
N/R		Not rated.
(UB)		Underlying bond of an inverse floating rate trust reflected as a financing transaction.

 

 

Date          October 28, 2011        

 

Date          October 28, 2011        

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