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 811-09473
 
Nuveen New York 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:             9/30          
 
Date of reporting period:          12/31/12         
 
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 New York Dividend Advantage Municipal Income Fund (NKO)  
     
   
December 31, 2012  
     
 
 
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 2.2% (1.5% of Total Investments)  
     
$       1,210  
 
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,  
3/13 at 100.00  
A3  
$     1,171,885  
   
5.250%, 6/01/25  
     
915  
 
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,  
6/13 at 100.00  
A1  
910,599  
   
5.750%, 6/01/33  
     
695  
 
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,  
3/13 at 100.00  
BBB+  
695,653  
   
Series 2002, 5.375%, 5/15/33  
     
2,820  
 
Total Consumer Staples  
   
2,778,137  
   
Education and Civic Organizations – 27.4% (18.5% of Total Investments)  
     
395  
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  
No Opt. Call  
BBB  
459,188  
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured  
     
4,000  
 
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of  
No Opt. Call  
A–  
4,653,840  
   
Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured  
     
1,280  
 
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College,  
3/13 at 100.00  
BBB  
1,284,096  
   
Series 1998, 5.000%, 7/01/21 – NPFG Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/13 at 100.00  
Aa2  
1,024,280  
   
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured  
     
140  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/15 at 100.00  
Aa2  
150,672  
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured  
     
920  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/16 at 100.00  
Aa2  
1,008,274  
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured  
     
240  
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,  
7/17 at 100.00  
BBB  
261,341  
   
5.000%, 7/01/37 – FGIC Insured  
     
2,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A,  
4/21 at 100.00  
AAA  
2,335,680  
   
5.000%, 10/01/41  
     
580  
 
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,  
5/21 at 100.00  
AA–  
688,576  
   
Series 2011, 5.750%, 11/01/40 – AGM Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College,  
7/19 at 100.00  
Baa2  
1,073,590  
   
Series 2009, 5.250%, 7/01/29  
     
3,250  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 1998A,  
No Opt. Call  
AA–  
4,077,905  
   
6.000%, 7/01/18 – NPFG Insured  
     
330  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,  
7/17 at 100.00  
AA–  
365,277  
   
5.000%, 7/01/32 – AMBAC Insured  
     
3,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell  
7/20 at 100.00  
Aa1  
3,449,160  
   
University, Series 2010A, 5.000%, 7/01/40  
     
510  
 
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate  
No Opt. Call  
AA+  
577,534  
   
University, Tender Option Bond Trust 3127, 13.023%, 1/01/14 – AMBAC Insured (IF)  
     
300  
 
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,  
1/19 at 100.00  
AA–  
352,677  
   
Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured  
     
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  
     
   
Stadium Project, Series 2006:  
     
1,000  
 
5.000%, 1/01/36 – AMBAC Insured  
1/17 at 100.00  
Ba1  
1,004,310  
1,060  
 
5.000%, 1/01/46 – AMBAC Insured  
1/17 at 100.00  
Ba1  
1,060,763  
885  
 
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  
3/19 at 100.00  
AA–  
1,081,054  
   
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured  
     
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium  
     
   
Project, Series 2006:  
     
395  
 
5.000%, 3/01/31 – FGIC Insured  
9/16 at 100.00  
BBB  
415,971  
2,210  
 
5.000%, 3/01/36 – NPFG Insured  
9/16 at 100.00  
BBB  
2,305,627  
1,920  
 
4.500%, 3/01/39 – FGIC Insured  
9/16 at 100.00  
BBB  
1,949,914  
1,560  
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of  
7/14 at 100.00  
AA  
1,641,884  
   
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured  
     
1,000  
 
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of  
1/21 at 100.00  
A
1,133,330  
   
American Art, Series 2011, 5.000%, 7/01/31  
     
1,000  
 
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,  
1/21 at 100.00  
Aa3  
1,139,520  
   
5.250%, 7/01/36 – AGM Insured  
     
350  
 
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,  
9/20 at 100.00  
A–  
388,560  
   
Series 2010A, 5.125%, 9/01/40  
     
30,325  
 
Total Education and Civic Organizations  
   
33,883,023  
   
Financials – 1.5% (1.0% of Total Investments)  
     
1,590  
 
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series  
No Opt. Call  
A
1,857,422  
   
2005, 5.250%, 10/01/35  
     
   
Health Care – 11.2% (7.6% of Total Investments)  
     
1,400  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.  
3/13 at 100.00  
N/R  
1,404,508  
   
Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured  
     
760  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson  
8/17 at 100.00  
AA–  
859,590  
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured  
     
425  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  
2/15 at 100.00  
BBB  
449,586  
   
Hospital, Series 2004, 5.000%, 8/01/33 – FGIC Insured  
     
1,500  
 
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical  
2/15 at 100.00  
BBB  
1,612,755  
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured  
     
3,000  
 
Dormitory Authority of the State of New York, North Shore Long Island Jewish Obligated Group  
5/21 at 100.00  
A–  
3,333,000  
   
Revenue Bonds, Series 2011A, 5.000%, 5/01/41  
     
1,540  
 
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series  
7/17 at 100.00  
AA–  
1,753,660  
   
2007B, 5.250%, 7/01/27 – AGC Insured  
     
835  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital,  
8/14 at 100.00  
AA–  
901,149  
   
Series 2004A, 5.250%, 8/15/15 – AGM Insured  
     
   
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,  
     
   
Series 2003A:  
     
1,500  
 
5.250%, 2/15/21 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,507,710  
1,000  
 
5.250%, 2/15/22 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,005,820  
850  
 
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series  
11/20 at 100.00  
A3  
1,007,106  
   
2010-C2, 6.125%, 11/01/37  
     
12,810  
 
Total Health Care  
   
13,834,884  
   
Housing/Multifamily – 0.9% (0.6% of Total Investments)  
     
1,000  
 
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse  
5/20 at 100.00  
AA–  
1,069,850  
   
River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40  
     
   
Long-Term Care – 2.4% (1.6% of Total Investments)  
     
510  
 
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of  
2/17 at 103.00  
AA+  
558,430  
   
Westchester Project, Series 2006, 5.200%, 2/15/41  
     
   
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Willow Towers  
     
   
Inc., Series 2002:  
     
875  
 
5.250%, 2/01/22  
8/13 at 100.50  
AA+  
887,224  
1,500  
 
5.400%, 2/01/34  
8/13 at 100.50  
AA+  
1,520,220  
2,885  
 
Total Long-Term Care  
   
2,965,874  
   
Tax Obligation/General – 7.8% (5.3% of Total Investments)  
     
200  
 
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28  
8/19 at 100.00  
AA  
237,990  
1,000  
 
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/30  
8/22 at 100.00  
AA  
1,187,930  
525  
 
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –  
8/15 at 100.00  
AA  
582,850  
   
AGM Insured  
     
3,800  
 
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012,  
4/22 at 100.00  
AA  
4,576,606  
   
5.000%, 4/01/26  
     
   
New York City, New York, General Obligation Bonds, 2004E:  
     
1,700  
 
5.000%, 11/01/19 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,838,992  
1,100  
 
5.000%, 11/01/20 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,189,936  
8,325  
 
Total Tax Obligation/General  
   
9,614,304  
   
Tax Obligation/Limited – 65.3% (44.2% of Total Investments)  
     
165  
 
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,  
3/13 at 100.00  
N/R  
165,574  
   
Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured  
     
 
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,  
3/13 at 100.00  
A+  
5,019  
   
Series 2002D, 5.250%, 10/01/23 – NPFG Insured  
     
2,000  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General  
3/21 at 100.00  
AAA  
2,286,600  
   
Purpose Series 2011C, 5.000%, 3/15/41  
     
6,000  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General  
2/22 at 100.00  
AAA  
7,106,398  
   
Purpose Series 2012D, 5.000%, 2/15/31  
     
10  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AAA  
10,954  
   
2005F, 5.000%, 3/15/21 – AGM Insured  
     
   
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City  
     
   
School District, Series 2008A:  
     
590  
 
5.750%, 5/01/27 – AGM Insured (UB)  
5/18 at 100.00  
AA–  
701,870  
190  
 
5.750%, 5/01/28 – AGM Insured (UB)  
5/18 at 100.00  
AA–  
224,865  
2,485  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/17 at 100.00  
AA–  
2,877,605  
   
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)  
     
1,850  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series  
2/21 at 100.00  
AA–  
2,060,142  
   
2011A, 5.000%, 2/15/47 – AGM Insured  
     
4,760  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,  
2/17 at 100.00  
A
5,035,794  
   
2/15/47 – FGIC Insured  
     
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local  
     
   
Government Assistance Corporation, Series 2004A:  
     
3,400  
 
5.000%, 10/15/25 – NPFG Insured  
10/14 at 100.00  
AAA  
3,660,066  
1,040  
 
5.000%, 10/15/26 – NPFG Insured  
10/14 at 100.00  
AAA  
1,113,476  
300  
 
5.000%, 10/15/29 – AMBAC Insured  
10/14 at 100.00  
AAA  
320,586  
3,950  
 
5.000%, 10/15/32 – AMBAC Insured  
10/14 at 100.00  
AAA  
4,217,415  
2,500  
 
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal  
1/17 at 100.00  
AA–  
2,802,300  
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured  
     
4,235  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
2/22 at 100.00  
AAA  
4,883,971  
   
Series E-1, 5.000%, 2/01/42  
     
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
5/22 at 100.00  
AAA  
2,311,980  
   
Series F-1, 5.000%, 5/01/39  
     
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series  
3/13 at 100.00  
AAA  
5,021  
   
2002B, 5.250%, 5/01/16 – NPFG Insured  
     
3,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
11/20 at 100.00  
AAA  
3,421,590  
   
Subordinate Lien Series 2011C, 5.000%, 11/01/39  
     
1,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
2/21 at 100.00  
AAA  
1,202,150  
   
SubSeries 2011D-1, 5.250%, 2/01/30  
     
   
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:  
     
5,130  
 
5.750%, 4/01/33 – AGM Insured  
4/21 at 100.00  
AA+  
6,214,533  
1,000  
 
5.750%, 4/01/41  
4/21 at 100.00  
AA–  
1,193,560  
   
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option  
     
   
Bonds Trust 3095:  
     
165  
 
13.599%, 11/15/30 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
197,622  
140  
 
13.585%, 11/15/44 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
161,102  
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,  
     
   
Series 2005B:  
     
2,625  
 
5.500%, 4/01/20 – AMBAC Insured  
No Opt. Call  
AA  
3,342,675  
500  
 
5.000%, 4/01/21 – AMBAC Insured  
10/15 at 100.00  
AA  
556,245  
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  
     
   
State Contingency Contract-Backed Bonds, Series 2003A-1:  
     
1,900  
 
5.250%, 6/01/20 – AMBAC Insured  
6/13 at 100.00  
AA–  
1,937,943  
1,000  
 
5.250%, 6/01/22 – AMBAC Insured  
6/13 at 100.00  
AA–  
1,019,460  
750  
 
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  
6/13 at 100.00  
AA–  
765,503  
   
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21  
     
8,600  
 
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities,  
No Opt. Call  
AA–  
10,379,942  
   
Series 1995, 5.700%, 4/01/20 – AGM Insured (UB)  
     
295  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/20 at 100.00  
AA–  
309,721  
   
2010C, 5.125%, 8/01/42 – AGM Insured  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:  
     
7,500  
 
0.000%, 8/01/41 – NPFG Insured  
No Opt. Call  
AA–  
1,503,225  
15,000  
 
0.000%, 8/01/44 – NPFG Insured  
No Opt. Call  
AA–  
2,488,050  
17,310  
 
0.000%, 8/01/46 – NPFG Insured  
No Opt. Call  
AA–  
2,490,736  
29,215  
 
0.000%, 8/01/47 – AMBAC Insured  
No Opt. Call  
AA–  
3,904,293  
130,615  
 
Total Tax Obligation/Limited  
   
80,877,986  
   
Transportation – 8.0% (5.4% of Total Investments)  
     
2,000  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,  
11/13 at 100.00  
AA–  
2,069,480  
   
5.000%, 11/15/25 – AGM Insured  
     
300  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A,  
11/15 at 100.00  
AA–  
327,171  
   
4.750%, 11/15/27 – NPFG Insured  
     
740  
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,  
11/21 at 100.00  
A+  
831,508  
   
Series 2011, 5.000%, 11/15/44  
     
315  
 
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,  
1/18 at 100.00  
A+  
361,935  
   
1/01/25 – FGIC Insured  
     
865  
 
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –  
1/15 at 100.00  
A+  
935,593  
   
AMBAC Insured  
     
350  
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  
7/15 at 100.00  
AA–  
380,625  
   
AGM Insured (UB)  
     
1,275  
 
New York State Thruway Authority, General Revenue Bonds, Series2012I, 5.000%, 1/01/42  
1/22 at 100.00  
A+  
1,427,312  
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth  
     
   
Series 2005:  
     
500  
 
5.000%, 12/01/19 – AGM Insured  
6/15 at 101.00  
AA–  
557,040  
1,000  
 
5.000%, 12/01/28 – SYNCORA GTY Insured  
6/15 at 101.00  
AA–  
1,089,770  
345  
 
5.000%, 12/01/31 – SYNCORA GTY Insured  
6/15 at 101.00  
AA–  
373,735  
390  
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  
8/17 at 100.00  
AA–  
564,455  
   
Eighth Series 2008, Tender Option Bond Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)  
     
780  
 
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue  
No Opt. Call  
A+  
995,865  
   
Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – NPFG Insured  
     
8,860  
 
Total Transportation  
   
9,914,489  
   
U.S. Guaranteed – 4.0% (2.7% of Total Investments) (5)  
     
85  
 
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk  
No Opt. Call  
Aaa  
95,645  
   
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)  
     
1,725  
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  
7/13 at 100.00  
AA (5)  
1,765,520  
   
Center, Series 2003-1, 5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured  
     
600  
 
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities  
7/13 at 100.00  
Baa1 (5)  
615,594  
   
Hospital, Series 2003B, 5.500%, 7/01/23 (Pre-refunded 7/01/13)  
     
690  
 
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian  
8/14 at 100.00  
AA– (5)  
740,977  
   
Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured  
     
150  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AA– (5)  
165,020  
   
2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured  
     
1,000  
 
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series  
11/13 at 100.00  
AAA  
1,041,310  
   
2003A, 5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured  
     
500  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series  
2/14 at 100.00  
AAA  
525,470  
   
2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured  
     
4,750  
 
Total U.S. Guaranteed  
   
4,949,536  
   
Utilities – 12.5% (8.4% of Total Investments)  
     
95  
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34  
10/22 at 100.00  
BBB  
105,966  
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:  
     
1,700  
 
5.000%, 12/01/23 – FGIC Insured  
6/16 at 100.00  
A
1,888,054  
1,300  
 
5.000%, 12/01/25 – FGIC Insured  
6/16 at 100.00  
A
1,438,788  
1,500  
 
5.000%, 12/01/26 – AGC Insured  
6/16 at 100.00  
AA+  
1,660,140  
250  
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,  
6/16 at 100.00  
A
272,577  
   
5.000%, 12/01/35 – CIFG Insured  
     
4,000  
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,  
5/21 at 100.00  
A
4,477,800  
   
5.000%, 5/01/38  
     
5,000  
 
New York State Energy Research and Development Authority, Pollution Control Revenue Refunding  
3/13 at 100.00  
A–  
5,009,500  
   
Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured  
     
575  
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue  
No Opt. Call  
BB+  
584,585  
   
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24  
     
14,420  
 
Total Utilities  
   
15,437,410  
   
Water and Sewer – 4.7% (3.2% of Total Investments)  
     
1,900  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
12/21 at 100.00  
AA+  
2,160,490  
   
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44  
     
1,140  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/16 at 100.00  
AAA  
1,262,732  
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)  
     
2,295  
 
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,  
6/15 at 100.00  
AAA  
2,428,959  
   
6/01/28 – NPFG Insured  
     
5,335  
 
Total Water and Sewer  
   
5,852,181  
$      223,735  
 
Total Investments (cost $171,677,349) – 147.9%  
   
183,035,096  
   
Floating Rate Obligations – (9.4)%  
   
(11,620,000)  
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (40.4)% (6)  
   
(50,000,000)  
   
Other Assets Less Liabilities – 1.9%  
   
2,377,707  
   
Net Assets Applicable to Common Shares – 100%  
   
$    123,792,803  
 
 
 
 

 

 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
  Level 1 - Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
  Level 2 - Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
  Level 3 - Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
         
 
  Level 1  
  Level 2  
  Level 3  
Total  
Long-Term Investments:  
       
Municipal Bonds  
$ —  
$183,035,096  
$ —  
$183,035,096  
 
The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.
 
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
 
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of December 31, 2012, the cost of investments was $160,788,367.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2012, were as follows:
     
Gross unrealized:  
   
   Appreciation  
$ 12,247,401  
   Depreciation  
  (1,603,449 )  
Net unrealized appreciation (depreciation) of investments  
$ 10,643,952  
 
(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)
 
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.
(6)
 
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 27.3%.
N/R   Not rated.
(ETM)
 
Escrowed to maturity.
(IF)
 
Inverse floating rate investment.
(UB)
 
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
 
 
 

 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)   Nuveen New York Dividend Advantage Municipal Income Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          March 1, 2013        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:          March 1, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          March 1, 2013        
 

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