Nuveen Investments
Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD)
Shareholder Fund Report | Printable Fact Sheet | Glossary
OBJECTIVE
The fund's investment objective is to provide an attractive level of distributions and capital appreciation. In pursuing its investment objective, the fund seeks to reduce and defer potential federal income tax liabilities incurred by the holders of its common shares in connection with their investment in the fund.
INVESTMENT STRATEGY

The fund seeks to achieve its investment objective by investing in dividend-paying equity securities consisting primarily of common stocks of mid- to large-cap companies that have attractive dividend income and the potential for future dividend growth and capital appreciation and, to a lesser extent, preferred stocks of mid- to large-cap companies. Under normal market circumstances, the fund will invest at least 80% of its Managed Assets in securities that are eligible to pay tax-advantaged dividends.

The fund, to a limited extent, will write (sell) call options on various equity market indices. In addition, the fund intends to seek to increase Common Share net income and returns by utilizing financial leverage through borrowings and/or offering preferred shares that may represent up to approximately 33% of the fund's Managed Assets.
HIGHLIGHTS

An innovative, equity-based fund that seeks to provide:

  • Attractive, tax-advantaged quarterly distributions
  • Dividend growth potential
  • Capital appreciation opportunities
  • Potential for reduced risk vs. broad-based equity market indexes
DAILY PRICING
Closing Share Price (As of 9/1/2010)$11.86
Closing NAV per Share (As of 9/1/2010)$12.81
Premium / Discount-7.41%
Current Distribution Rate (Market price)††8.77%
Distribution Amount (Quarterly) $0.2600
Managed Distribution Policy: This fund has adopted a Managed Distribution Policy, designed to provide attractive, quarterly distributions throughout the course of the year. Under this policy, the fund seeks to maintain a stable quarterly distribution amount (in cents per common share), comprised of payments received from portfolio companies, as well as net realized fund portfolio capital gains and, if necessary, a return of capital (representing in some cases net unrealized capital gains). The fund will determine the tax characteristics of all fund distributions after the end of the calendar year and will provide shareholders such information at that time.

View more information about Managed Distributions. View fund performance and current estimates of the fund's distribution components.

PORTFOLIO MANAGEMENT
Santa Barbara Asset Management
NWQ Investment Management
NAM - Options
ASSET ALLOCATION As of 06/30/2010

Total may not add up to 100% due to rounding.

Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.

Fund data is updated daily, monthly, and quarterly, depending on the specific data point. Click HERE for the update schedule.

RISKS
Investment and Market RiskAn investment in the fund's common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the securities owned by the fund, most of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. Your common shares at any point in time may be worth less than your original investment, even after considering the reinvestment of fund dividends and distributions. Closed-end funds also carry price risk, or the risk that shares may trade at prices different from their net asset values.Call Option RisksThe value of call options sold (written) will be affected by, among other things, changes in the value of the securities or indices underlying the options and the remaining time to the options' expiration. The value of the call options also may decline if the market for the options becomes less liquid or smaller. When selling a call option, a fund creates the potential for a liability to the extent the asset(s) underlying the option appreciates to a level above the strike price. Therefore, a fund may not participate in any appreciation of its equity portfolio as fully as it would if the fund did not sell call options. In addition, the fund will continue to bear the risk of declines in the value of the equity portfolio that serves as collateral for the written options. The extent of a fund's exposure to call option risk will vary depending on the degree to which call options are written.Call Risk or Prepayment RiskDuring periods of declining interest rates or for other purposes, issuers may exercise their option to prepay principal earlier than scheduled, forcing the fund to reinvest in lower-yielding securities. This is known as call or prepayment risk. Common Stock RiskAlthough common stocks historically have generated higher average returns than other types of investments, common stocks also have experienced significantly more volatility in those returns. An adverse event, such as an unfavorable earnings report, may depress the value of a particular common stock held by the fund. Also, prices of common stocks are sensitive to general movements in the stock market and a drop in the stock market may depress the price of common stocks held by the fund or to which it has exposure. Credit riskThe risk that a security in the fund's portfolio will decline in price, or fail to make dividend or interest payments when due, because the security's issuer defaults or experiences a decline in its financial status. Securities falling lower in a company's capital structure and/or unrated securities and securities with lower credit ratings are expected to have higher credit risk. See subordination.Derivatives Strategy RiskDerivatives are financial instruments whose value changes in response to the changes in underlying investment variables. Derivative securities include, but are not limited to, calls, puts, warrants, swaps, and forwards. The fund's use of derivatives involves risks different from, and possibly greater than, the risks associated with the underlying investments. The derivatives market is largely unregulated. It is possible that developments in the derivatives market, including potential government regulation, could adversely affect the fund's ability to terminate existing contracts or to realize amounts to be received under such contracts.Interest Rate RiskInterest rate risk is the risk that fixed-income securities such as bonds, preferred, convertible and other debt securities will decline in value because of changes in market interest rates. When market interest rates rise, the market value of such securities generally will fall. Consequently, the net asset value and market price of common shares will tend to decline if market interest rates rise. Preferred Stock RiskPreferred stocks are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments, and therefore will be subject to greater credit risk than those debt instruments. Certain preferred stocks contain provisions that allow an issuer under certain circumstances to skip distributions (in the case of "non-cumulative" preferred stocks) or defer distributions (in the case of "cumulative" preferred stocks). If the fund owns a preferred stock that is deferring its distributions, the fund may be required to report income for tax purposes while it is not receiving income from that stock. Preferred stocks typically do not provide any voting rights, except in cases when dividends are in arrears for a specified number of periods.
NOTES

†† Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent daily market price and NAV.

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