Edgar Filing: NUVEEN DIVERSIFIED DIVIDEND & INCOME FUND

nvq

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 811-21407

Nuveen Diversified Dividend and Income Fund

(Exact name of registrant as specified in charter)

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: 12/31

Date of reporting period: 9/30/2010

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 Diversified Dividend and Income Fund (JDD)
September 30, 2010


Shares			Description (1)								Value


			Common Stocks – 31.1% (23.7% of Total Investments)

			Aerospace & Defense – 1.6%

	30,500		Lockheed Martin Corporation								$	2,174,040
	34,100		Raytheon Company									1,558,711

			Total Aerospace & Defense									3,732,751


			Biotechnology – 0.5%

	21,000		Amgen Inc., (10)									1,157,310


			Building Products – 0.6%

	35,400		Masonite Worldwide Holdings, (10)									1,362,900


			Commercial Banks – 0.5%

	50,100		Wells Fargo & Company									1,259,013


			Commercial Services & Supplies – 0.9%

	103,600		Pitney Bowes Inc.									2,214,968


			Communications Equipment – 1.2%

	332,000		Motorola, Inc., (10)									2,831,960


			Computers & Peripherals – 0.6%

	36,000		Hewlett-Packard Company									1,514,520


			Containers & Packaging – 0.3%

	32,200		Packaging Corp. of America									746,074


			Diversified Financial Services – 1.2%

	714,500		Citigroup Inc., (10)									2,786,550


			Diversified Telecommunication Services – 0.9%

	154,802		Frontier Communications Corporation									1,264,732
	23,400		Verizon Communications Inc.									762,606

			Total Diversified Telecommunication Services									2,027,338


			Food & Staples Retailing – 0.6%

	68,000		Kroger Co.									1,472,880


			Household Products – 0.6%

	20,400		Kimberly-Clark Corporation									1,327,020


			Industrial Conglomerates – 0.5%

	80,000		General Electric Company									1,300,000


			Insurance – 6.3%

	154,000		Genworth Financial Inc., Class A, (10)									1,881,880
	121,100		Hartford Financial Services Group, Inc.									2,779,245
	37,000		Loews Corporation									1,402,300
	61,800		MetLife, Inc.									2,376,210
	181,900		Symetra Financial Corporation									1,902,674
	49,600		Travelers Companies, Inc.									2,584,160
	86,500		Unum Group									1,915,975

			Total Insurance									14,842,444


			Machinery – 1.1%

	37,600		Ingersoll Rand Company Limited, Class A									1,342,696
	59,328		Trinity Industries Inc.									1,321,235

			Total Machinery									2,663,931


			Metals & Mining – 2.7%

	54,900		AngloGold Ashanti Limited, Sponsored ADR, (13)									2,538,576
	57,100		Barrick Gold Corporation, (13)									2,643,159
	30,100		Nucor Corporation									1,149,820

			Total Metals & Mining									6,331,555


			Oil, Gas & Consumable Fuels – 2.5%

	41,300		Eni S.p.A., Sponsored ADR									1,783,334
	14,000		Exxon Mobil Corporation									865,060
	16,100		Occidental Petroleum Corporation									1,260,630
	41,000		Total S.A., Sponsored ADR									2,115,600

			Total Oil, Gas & Consumable Fuels									6,024,624


			Pharmaceuticals – 5.2%

	43,400		GlaxoSmithKline PLC, Sponsored ADR									1,715,168
	85,000		Merck & Company Inc.									3,128,850
	155,000		Pfizer Inc.									2,661,350
	77,400		Sanofi-Aventis, ADR									2,573,550
	85,200		Valeant Pharmaceuticals International									2,134,260

			Total Pharmaceuticals									12,213,178


			Road & Rail – 0.6%

	16,500		Union Pacific Corporation, (13)									1,349,700


			Software – 2.0%

	168,700		CA Inc.									3,562,944
	46,400		Microsoft Corporation									1,136,336

			Total Software									4,699,280


			Tobacco – 0.7%

	31,100		Philip Morris International									1,742,223

			Total Common Stocks (cost $70,053,704)									73,600,219


Shares			Description (1)								Value


			Real Estate Investment Trust Common Stocks – 33.6% (25.7% of Total Investments)

			Diversified – 1.5%

	41,391		Vornado Realty Trust								$	3,540,172


			Industrial – 2.6%

	115,450		AMB Property Corp.									3,055,962
	272,650		ProLogis									3,211,817

			Total Industrial									6,267,779


			Office – 9.3%

	42,250		Boston Properties, Inc.									3,511,820
	250,100		Brandywine Realty Trust									3,063,725
	109,287		Commonwealth REIT									2,797,747
	79,900		Corporate Office Properties									2,981,069
	193,700		Douglas Emmett Inc.									3,391,687
	96,750		Mack-Cali Realty Corporation									3,164,693
	48,100		SL Green Realty Corporation									3,046,173

			Total Office									21,956,914


			Residential – 5.2%

	137,326		Apartment Investment & Management Company, Class A									2,936,030
	29,525		AvalonBay Communities, Inc.									3,068,533
	67,800		Equity Residential									3,225,246
	29,100		Essex Property Trust Inc.									3,184,704

			Total Residential									12,414,513


			Retail – 7.0%

	44,300		Federal Realty Investment Trust									3,617,538
	70,991		Macerich Company									3,049,063
	80,450		Regency Centers Corporation									3,175,362
	38,035		Simon Property Group, Inc.									3,527,366
	70,400		Taubman Centers Inc.									3,140,544

			Total Retail									16,509,873


			Specialized – 8.0%

	94,300		Health Care Property Investors Inc.									3,392,914
	209,192		Host Hotels & Resorts Inc.									3,029,100
	34,124		Public Storage, Inc.									3,311,393
	139,900		Senior Housing Properties Trust									3,287,650
	271,600		Sunstone Hotel Investors Inc., (10)									2,463,412
	64,400		Ventas Inc.									3,321,108

			Total Specialized									18,805,577

			Total Real Estate Investment Trust Common Stocks (cost $58,612,268)									79,494,828


Shares			Description (1)	Coupon					Ratings (2)		Value


			Capital Preferred Securities – 0.9% (0.7% of Total Investments)

			Diversified Financial Services – 0.2%

	16,950		Citigroup Capital XIII		7.875%				Ba1		$	423,750


			Food Products – 0.7%

	15		HJ Heinz Finance Company, 144A		8.000%				BB+			1,613,438

			Total Capital Preferred Securities (cost $1,733,750)									2,037,188


				Weighted
Principal				Average
Amount (000)			Description (1)	Coupon			Maturity (3)		Ratings (2)		Value


			Variable Rate Senior Loan Interests – 32.2% (24.5% of Total Investments) (4)

			Chemicals – 1.5%

$	400		Celanese US Holdings LLC, Credit Linked Deposit		1.758%			4/02/14	BB+		$	394,750
	637		Celanese US Holdings LLC, Term Loan		2.034%			4/02/14	BB+			626,266
	937		Hexion Specialty Chemicals, Inc., Term Loan C4		2.688%			5/05/13	Ba3			899,616
	1,567		Rockwood Specialties Group, Inc., Term Loan H		6.000%			5/15/14	BB+			1,571,088

	3,541		Total Chemicals									3,491,720


			Commercial Services & Supplies – 1.1%

	1,500		Knology, Inc., Term Loan, WI/DD		TBD			TBD		B+		1,545,000
	990		Universal City Development Partners, Ltd., Term Loan		5.500%			11/06/14	Ba2			995,564

	2,490		Total Commercial Services & Supplies									2,540,564


			Containers & Packaging – 0.5%

	150		Reynolds Group Holdings, Inc., Term Loan A, WI/DD		TBD			TBD	Ba3			150,281
	900		Reynolds Group Holdings, Inc., Term Loan D, WI/DD		TBD			TBD	Ba3			905,412

	1,050		Total Containers & Packaging									1,055,693


			Diversified Financial Services – 0.5%

	1,050		Pinafore LLC, Term Loan, WI/DD		TBD			TBD	BB			1,060,823


			Diversified Telecommunication Services – 1.2%

	329		Intelsat, Tranche B2, Term Loan A		3.033%			1/03/14	BB-			317,581
	329		Intelsat, Tranche B2, Term Loan B		3.033%			1/03/14	BB-			317,484
	329		Intelsat, Tranche B2, Term Loan C		3.033%			1/03/14	BB-			317,484
	1,901		Intelsat, Tranche B2, Term Loan		3.033%			7/03/13	BB-			1,837,969

	2,888		Total Diversified Telecommunication Services									2,790,518


			Electric Utilities – 1.4%

	777		Dynegy Holdings, Inc., Delayed Term Loan		4.010%			4/02/13	Ba3			769,463
	215		Dynegy Holdings, Inc., Term Loan		4.010%			4/02/13	Ba3			212,987
	1,940		TXU Corporation, Term Loan B2		3.923%			10/10/14		B+		1,509,832
	972		TXU Corporation, Term Loan B3		3.758%			10/10/14		B+		754,579

	3,904		Total Electric Utilities									3,246,861


			Food Products – 0.9%

	1,297		Michael Foods Group, Inc., Term Loan B		6.250%			6/29/16	BB-			1,308,907
	900		NBTY, Inc., Term Loan, WI/DD		TBD			TBD	BB-			910,446

	2,197		Total Food Products									2,219,353


			Health Care Equipment & Supplies – 0.8%

	1,950		Biomet, Inc., Term Loan		3.282%			3/25/15	BB-			1,894,305


			Health Care Providers & Services – 6.3%

	97		Community Health Systems, Inc., Delayed Term Loan		2.549%			7/25/14	BB			92,224
	1,889		Community Health Systems, Inc., Term Loan		2.549%			7/25/14	BB			1,794,130
	1,041		Fresenius SE, Term Loan C1		4.500%			9/10/14	BBB-			1,047,418
	594		Fresenius SE, Term Loan C2		4.500%			9/10/14	BBB-			598,312
	1,655		HCA, Inc., Tranche B2, Term Loan		3.539%			3/31/17	BB			1,604,852
	1,810		Health Management Associates, Inc., Term Loan		2.039%			2/28/14	BB-			1,712,975
	1,000		MultiPlan, Inc., Term Loan		6.500%			8/26/17	Ba3			1,002,375
	1,905		Quintiles Transnational Corporation, Term Loan B		2.290%			3/31/13	BB			1,869,444
	1,807		Rehabcare Group, Inc., Term Loan B		6.000%			11/24/15	BB			1,808,343
	229		United Surgical Partners International, Inc., Delayed Term Loan		2.260%			4/21/14	Ba3			217,531
	1,214		United Surgical Partners International, Inc., Term Loan		2.375%			4/19/14	Ba3			1,151,307
	2,000		Universal Health Services, Term Loan, WI/DD		TBD			TBD	BB+			2,011,718

	15,241		Total Health Care Providers & Services									14,910,629


			Hotels, Restaurants & Leisure – 3.3%

	1,995		24 Hour Fitness Worldwide, Inc., New Term Loan		6.750%			4/22/16	Ba2			1,907,719
	640		CBRL Group, Inc., Term Loan B1		1.960%			4/27/13	BB-			630,031
	24		CBRL Group, Inc., Term Loan B2		1.960%			4/26/13	BB-			23,965
	988		Reynolds Group Holdings, Inc., US Term Loan		6.250%			11/05/15	BB-			994,328
	1,985		SW Acquisitions Co., Inc., Term Loan		5.750%			6/01/16	BB+			1,993,994
	89		Travelport LLC, Letter of Credit		2.789%			8/23/13	Ba3			86,110
	445		Travelport LLC, Term Loan		2.760%			8/23/13	Ba3			429,155
	385		Venetian Casino Resort LLC, Delayed Term Loan		3.030%			11/23/16		B		350,524
	1,524		Venetian Casino Resort LLC, Tranche B, Term Loan		3.030%			11/23/16		B		1,387,910

	8,075		Total Hotels, Restaurants & Leisure									7,803,736


			Household Products – 0.3%

	750		Visant Holding Corporation, Tranche B, Term Loan		7.000%			12/22/16	BB-			755,100


			Independent Power Producers & Energy Traders – 0.6%

	750		KGEN LLC, Synthetic Letter of Credit		0.153%			2/05/14	BB-			712,500
	838		KGEN LLC, Term Loan B		2.063%			2/08/14	BB-			796,264

	1,588		Total Independent Power Producers & Energy Traders									1,508,764


			Industrial Conglomerates – 0.2%

	485		CF Industries, Inc., Term Loan		4.500%			4/05/15	BBB			488,280


			Insurance – 0.5%

	498		Conseco, Inc., Term Loan		7.500%			10/10/13		B2		489,999
	625		Fidelity National Information Services, Inc., Term Loan B		5.250%			7/18/16	BBB-			630,524

	1,123		Total Insurance									1,120,523


			IT Services – 1.5%

	1,864		First Data Corporation, Term Loan B1		3.006%			9/24/14		B+		1,645,083
	1,981		SunGard Data Systems, Inc., Term Loan B		2.008%			2/28/14	BB			1,916,531

	3,845		Total IT Services									3,561,614


			Leisure Equipment & Products – 1.0%

	2,420		Cedar Fair LP, Term Loan		5.500%			12/15/16	Ba2			2,443,441


			Machinery – 0.3%

	672		Manitowoc Company, Term Loan		8.000%			11/06/14	BB			674,305


			Media – 6.5%

	1,905		Charter Communications Operating Holdings LLC, Term Loan C		3.540%			9/06/16	BB+			1,863,452
	235		Charter Communications Operating Holdings LLC, Term Loan		2.260%			3/06/14	BB+			229,459
	1,823		Emmis Operating Company, Term Loan		4.289%			11/01/13	Caa2			1,545,123
	1,197		Interactive Data Corporation, Term Loan		6.750%			1/29/17	Ba3			1,214,078
	2,475		Mediacom Broadband LLC, Tranche D, Term Loan		5.500%			3/31/17	BB-			2,452,572
	958		Metro-Goldwyn-Mayer Studios, Inc., Term Loan B, (5), (7)		0.000%			4/09/12		N/R		422,569
	34		Nielsen Finance LLC, Term Loan A		2.258%			8/09/13	BB-			33,095
	1,244		Nielsen Finance LLC, Term Loan B		4.008%			5/02/16	BB-			1,214,371
	551		Nielsen Finance LLC, Term Loan C		4.008%			5/02/16	BB-			531,323
	700		SuperMedia, Term Loan		11.000%			12/31/15		B-		547,189
	975		Tribune Company, Term Loan B, (5), (6)		0.000%			6/04/14	Ca			637,929
	1,975		Univision Communications, Inc., Term Loan		2.506%			9/29/14		B2		1,734,989
	2,000		UPC Broadband Holding BV, Term Loan N		4.251%			12/31/17	Ba3			1,944,376
	1,690		Yell Group PLC, Term Loan		4.006%			7/31/14		N/R		970,712

	17,762		Total Media									15,341,237


			Pharmaceuticals – 1.6%

	1,119		Mylan Laboratories, Inc., Term Loan		3.563%			10/02/14	BB+			1,118,919
	1,560		Warner Chilcott Corporation, Add on Term Loan		6.250%			4/30/15	BB			1,563,523
	470		Warner Chilcott Corporation, Term Loan A		6.000%			10/30/14	BB			468,869
	227		Warner Chilcott Corporation, Term Loan B1		6.250%			4/30/15	BB			227,403
	378		Warner Chilcott Corporation, Term Loan B2		6.250%			4/30/15	BB			378,668

	3,754		Total Pharmaceuticals									3,757,382


			Real Estate Management & Development – 0.2%

	568		LNR Property Corporation, Term Loan B		3.760%			7/12/11		B2		552,740


			Road & Rail – 1.4%

	266		Hertz Corporation, Letter of Credit		2.089%			12/21/12	Ba1			261,911
	1,436		Hertz Corporation, Term Loan		2.010%			12/21/12	Ba1			1,412,654
	1,731		Swift Transportation Company, Inc., Term Loan		8.250%			5/12/14		B		1,694,484

	3,433		Total Road & Rail									3,369,049


			Textiles, Apparel & Luxury Goods – 0.3%

	681		Phillips-Van Heusen Corporation, Tommy Hilfiger B.V., U.S. Tranche B, Term Loan		4.750%			5/06/16	BBB			687,997


			Trading Companies & Distributors – 0.3%

	116		Brenntag Holdings GmbH & Co. KG, Acquisition Facility		4.032%			1/20/14	BBB-			116,284
	666		Brenntag Holdings GmbH & Co. KG, Facility B2		4.023%			1/20/14	BBB-			668,273

	782		Total Trading Companies & Distributors									784,557

$	80,249		Total Variable Rate Senior Loan Interests (cost $79,725,304)									76,059,191


Principal
Amount (000) (8)			Description (1)	Coupon			Maturity		Ratings (2)		Value


			Emerging Markets Debt and Foreign Corporate Bonds – 25.4% (19.4% of Total Investments)

			Argentina – 1.1%

$	250		City of Buenos Aires, Argentina, 144A		12.500%			4/06/15		B2	$	268,125
	240		Provincia de Cordoba, 144A		12.375%			8/17/17		B		243,000
	700		Republic of Argentina		8.280%			12/31/33		B		585,743
	604		Republic of Argentina		8.280%			12/31/33		B-		505,136
	558	EUR	Republic of Argentina		7.820%			12/31/33		B		545,367
	780	EUR	Republic of Argentina		2.260%			12/31/38		B		357,493

			Total Argentina									2,504,864


			Bahrain – 0.2%

	430		Kingdom of Bahrain, 144A		5.500%			3/31/20		A		452,149


			Brazil – 3.0%

	280		Banco do Brasil, 144A		8.500%			10/20/49	Baa2			330,400
	315		Banco Bradesco S.A., 144A		5.900%			1/16/21	Baa2			321,300
	605		Banco Nacional de Desenvolvimento Economico e Social, Reg S		6.369%			6/16/18	BBB-			692,725
	445		Braskem Finance Limited, Reg S		7.000%			5/07/20	BB+			472,256
	225		Cia Brasileira de Bebidas		8.750%			9/15/13		A3		266,625
	695	BRL	Companhia Energetica de Sao Paulo, 144A		9.750%			1/15/15	Ba2			523,554
	470		Federative Republic of Brazil		10.500%			7/14/14	BBB-			615,230
	215		Federative Republic of Brazil, 144A		7.875%			3/07/15	BBB-			264,988
	155		Federative Republic of Brazil		10.125%			5/15/27	BBB-			250,325
	60		Federative Republic of Brazil		8.250%			1/20/34	BBB-			87,600
	471		Fibria Overseas Finance, 144A		7.500%			5/04/20	Ba1			502,204
	265		Globo Comunicacao Participacoes, S.A., 144A		7.250%			4/26/22	BBB-			284,875
	120		Globo Comunicacao Participacoes, S.A., 144A		6.250%			7/20/50	BBB-			123,300
	450		Itau Unibanco Holdings S.A., 144A		5.750%			1/22/21	Baa2			461,250
	70	BRL	National Treasury Note of Brazil		10.000%			1/01/12	BBB			416,630
	260		Petrobras International Finance Company		5.875%			3/01/18	Baa1			290,210
	155		Petrobras International Finance Company		8.375%			12/10/18	Baa1			194,831
	140		Petrobras International Finance Company		7.875%			3/15/19	Baa1			175,294
	215		Rearden G Holdings		7.875%			3/30/20	BB-			231,125

	294		Telemar Norte Leste S.A., 144A		5.500%			10/23/20	Baa2			299,145
	240		Voto Votorantim Overseas Trading Operations, 144A		6.625%			9/25/19	BBB			253,800

			Total Brazil									7,057,667


			Canada – 0.1%

	225		Pacific Rubiales Energy Corporation, 144A		8.750%			11/10/16		B+		254,250


			Chile – 0.1%

	125		Colbun S.A., 144A		6.000%			1/21/20	BBB-			132,314
	450		Coporacion Nacional del Cobre de Chile, Reg S		5.625%			9/21/35		A1		494,510
	55		Empresa Nacional del Petroleo, 144A		4.875%			3/15/14		A3		58,952

			Total Chile									685,776


			Colombia – 1.1%

	220		Bancolombia S.A.		6.125%			7/26/20	Baa3			229,350
	680		Republic of Colombia		11.750%			2/25/20	BBB-			1,071,000
	420,000	COP	Republic of Colombia		7.750%			4/14/21	BB+			274,252
	175,000	COP	Republic of Colombia		9.850%			6/28/27	BB+			138,993
	535		Republic of Colombia		10.375%			1/28/33	BBB-			861,350

			Total Colombia									2,574,945


			Cote d’Ivoire (Ivory Coast) – 0.2%

	905		Ivory Coast Republic, Reg S		2.500%			12/31/32	N/A			530,556


			Croatia – 0.2%

	325		Republic of Croatia, 144A		6.750%			11/05/19	BBB			355,672
	130		Republic of Croatia, 144A		6.625%			7/14/20	BBB			140,818

			Total Croatia									496,490


			Dominican Republic – 0.1%

	219		Dominican Republic, Reg S		9.040%			1/23/18		B		259,904


			Egypt – 0.1%

	125		Arab Republic of Egypt, 144A		6.875%			4/30/40	BB+			141,250


			El Salvador – 0.5%

	105		Republic of El Salvador, Reg S		7.375%			12/01/19	BB			117,075
	416		Republic of El Salvador, Reg S		7.750%			1/24/23	Ba1			472,160
	510		Republic of El Salvador, Reg S		7.625%			9/21/34	Ba1			568,650

			Total El Salvador									1,157,885


			Gabon – 0.1%

	235		Republic of Gabon, Reg S		8.200%			12/12/17	BB-			273,187


			Hungary – 0.1%

	195		Republic of Hungary, Government Bond		6.250%			1/29/20	Baa1			210,144
	31,000	HUF	Republic of Hungary, Treasury Bill		6.000%			11/24/23	Baa1			144,218

			Total Hungary									354,362


			Indonesia – 1.5%

	105		Majapahit Holdings BV, 144A		8.000%			8/07/19	BB			127,575
	555		Majapahit Holdings BV, Reg S		8.000%			8/07/19	BB			674,325
	875		Majapahit Holdings BV, Reg S		7.875%			6/28/37	BB			1,089,375
	120		Republic of Indonesia, Reg S		6.750%			3/10/14	BB			136,334
	545		Republic of Indonesia, Reg S		10.375%			5/04/14	BB			691,496
	130		Republic of Indonesia, Reg S		7.250%			4/20/15	BB			153,999
	395		Republic of Indonesia, Reg S		11.625%			3/04/19	BB			614,225

			Total Indonesia									3,487,329


			Kazakhstan – 1.3%

	340		Halyk Savings Bank of Kazakhstan, Reg S		7.250%			5/03/17	Ba2			351,050
	454		Intergas Finance B.V, Reg S		6.375%			5/14/17	Baa2			492,590
	400		Kazakhstan Development Bank		6.500%			6/03/20	BBB-			410,000
	375		Kazakhstan Temir Zholy JSC, Reg S		7.000%			5/11/16	Baa3			408,750
	430		KazMuniaGaz Finance Subsidiary, 144A		11.750%			1/23/15	Baa2			546,100
	265		KazMuniaGaz Finance Subsidiary, 144A		9.125%			7/02/18	Baa2			325,287
	325		KazMuniaGaz Finance Subsidiary, Reg S		9.125%			7/02/18	Baa2			400,969
	193		Tengizchevroil LLP, 144A		6.124%			11/15/14	BBB-			205,014

			Total Kazakhstan									3,139,760


			Lithuania – 0.4%

	175		Republic of Lithuania, 144A		7.375%			2/11/20	Baa1			196,378
	725		Republic of Lithuania, Reg S		7.375%			2/11/20	Baa1			812,906

			Total Lithuania									1,009,284


			Malaysia – 0.6%

	450		Penerbangan Malaysia Berhad, Reg S		5.625%			3/15/16		A-		514,221
	275		Pertoliam Nasional Berhad, Reg S		7.625%			10/15/26		A-		378,569
	565		Petronas Capital Limited, 144A		5.250%			8/12/19		A1		623,970

			Total Malaysia									1,516,760


			Mexico – 1.5%

	20		Banco Mercantil del Norte, Reg S		6.135%			10/13/16		Baa1		20,101
	255		Cemex Finance LLC, 144A		9.500%			12/14/16		B		257,856
	2,785	MXN	Mexico Bonos de DeSarrollo		7.250%			12/15/16		A		237,512
	2,825	MXN	Mexico Bonos de DeSarrollo		7.750%			12/14/17		A		247,648
	100		Pemex Project Funding Master Trust		5.750%			3/01/18	Baa1			110,093
	200		United Mexican States		6.375%			1/16/13	Baa1			223,700
	290		United Mexican States		5.875%			2/17/14	Baa1			329,150
	4,669	MXN	United Mexican States		9.500%			12/18/14		A		427,250
	150,000	ITL	United Mexican States, (9)		11.000%			5/08/17	Baa1			146,533
	110		United Mexican States		5.950%			3/19/19	Baa1			129,635
	165		United Mexican States		8.300%			8/15/31	Baa1			237,600
	500		United Mexican States		7.500%			4/08/33	Baa1			665,000
	494		United Mexican States		6.050%			1/11/40	Baa1			568,100

			Total Mexico									3,600,178


			Morocco – 0.1%

	105	EUR	Kingdom of Morocco, Reg S		5.375%			6/27/17	BBB-			153,234


			Netherlands – 0.0%

	120		Myriad International Holdings BV, 144A		6.375%			7/28/17	Baa3			124,872


			Pakistan – 0.2%

	160		Islamic Republic of Pakistan, Reg S		7.125%			3/31/16		B-		149,643
	130		Islamic Republic of Pakistan, Reg S		6.875%			6/01/17		B-		118,625
	175		Islamic Republic of Pakistan, Reg S		7.875%			3/31/36		B-		138,272

			Total Pakistan									406,540


			Panama – 0.8%

	180		AES Panama, Reg S		6.350%			12/21/16	BBB-			192,960
	160		Republic of Panama		7.250%			3/15/15	BBB-			192,000
	950		Republic of Panama		8.875%			9/30/27	BBB-			1,384,625
	100		Republic of Panama		9.375%			4/01/29	BBB-			152,000

			Total Panama									1,921,585


			Peru – 1.0%

	280		Banco Credito del Peru, 144A		9.750%			11/06/69	BB			336,000
	125		Republic of Peru		9.875%			2/06/15	BBB-			162,500
	165		Republic of Peru		8.375%			5/03/16	BBB-			209,550
	290		Republic of Peru		7.350%			7/21/25	BBB-			377,725
	790		Republic of Peru		8.750%			11/21/33	BBB-			1,179,075
	115		Republic of Peru		6.550%			3/14/37	BBB-			140,012

			Total Peru									2,404,862


			Philippines – 0.7%

	380		National Power Corporation		9.625%			5/15/28	BB-			518,700
	130		Republic of the Philippines		9.875%			1/15/19	BB-			187,200
	75		Republic of the Philippines		10.625%			3/16/25	BB-			121,125
	305		Republic of the Philippines		9.500%			2/02/30	BB-			469,334
	210		The Power Sector Assets and Liabilities Management Corporation of the Philippines, Reg S		7.390%			12/02/24	BB-			257,766

			Total Philippines									1,554,125


			Poland – 0.7%

	510		Republic of Poland		3.875%			7/16/15		A2		533,031
	465		Republic of Poland		6.375%			7/15/19		A2		550,174
	335	EUR	Republic of Poland		5.250%			1/20/25		A2		486,602

			Total Poland									1,569,807


			Qatar – 0.5%

	300		Commercial Bank of Qatar, 144A		7.500%			11/18/19		A2		343,896
	265		Qatari Diar Finance QSC, 144A		3.500%			7/21/15	AA			271,118
	230		State of Qatar, 144A		6.400%			1/20/40	AA			274,850
	225		State of Qatar, Reg S		9.750%			6/15/30	AA			357,750

			Total Qatar									1,247,614


			Russian Federation – 2.7%

	310		Alrosa Finance S.A., Reg S		8.875%			11/17/14	Ba3			341,000
	505		Gaz Capital S.A., Reg S		9.250%			4/23/19	Baa1			631,250
	635		Gaz Capital S.A., 144A		9.250%			4/23/19	Baa1			793,750
	325		Gaz Capital S.A., Reg S		8.625%			4/28/34		Baa1		414,375
	1,300		Russian Federation, 144A		3.625%			4/29/15	Baa1			1,316,250
	300		Russian Federation, 144A		5.000%			4/29/20	Baa1			314,100
	200		Russian Federation, Reg S		3.625%			4/29/15	Baa1			202,500
	465		Russian Federation, Reg S		11.000%			7/24/18	BBB			664,369
	600		Russian Federation, Reg S		5.000%			4/29/20	Baa1			628,200
	375		Russian Ministry of Finance, Reg S		12.750%			6/24/28	BBB			684,375
	285		Sberbank		5.499%			7/07/15		A3		293,550
	155		VTB Capital S.A., 144A		6.465%			3/04/15	Baa1			161,200

			Total Russian Federation									6,444,919


			Serbia – 0.1%

	334		Republic of Serbia, Reg S		6.750%			11/01/24	BB-			328,498


			South Africa – 0.6%

	190		Republic of South Africa		7.375%			4/25/12		A3		208,050
	390		Republic of South Africa		6.875%			5/27/19		A3		478,725
	730		Republic of South Africa		5.500%			3/09/20		A3		819,425

			Total South Africa									1,506,200


			South Korea – 0.2%

	135		Korea Development Bank		8.000%			1/23/14		A1		158,034
	115		National Agricultural Cooperative Federation, Reg S		5.000%			9/30/14		A		123,281
	140		Republic of Korea		5.750%			4/16/14		A1		157,214

			Total South Korea									438,529


			Sri Lanka – 0.1%

	170		Republic of Sri Lanka, 144A, WI/DD		6.250%			10/04/20		B+		172,338


			Trinidad – 0.1%

	185		Petroleum Company of Trinidad & Tobago Limited, 144A		9.750%			8/14/19	BBB			227,550


			Tunisia – 0.2%

	195		Banque de Tunisie		7.375%			4/25/12	BBB			212,550
	110	EUR	Banque de Tunisie, Reg S		4.500%			6/22/20	BBB			151,457

			Total Tunisia									364,007


			Turkey – 1.8%

	455		Akbank TAX, 144A		5.125%			7/22/15	Ba1			455,501
	500		Republic of Turkey, Government Bond		9.500%			1/15/14	BB			607,500
	135		Republic of Turkey, Government Bond		7.250%			3/15/15	BB			158,962
	330		Republic of Turkey, Government Bond		7.000%			9/26/16	BB			391,050
	185		Republic of Turkey, Government Bond		6.750%			4/03/18	BB			217,375
	445		Republic of Turkey, Government Bond		5.625%			3/30/21	BB			487,275
	520		Republic of Turkey, Government Bond		8.000%			2/14/34	BB			681,200
	805		Republic of Turkey, Government Bond		7.250%			3/05/38	BB			968,012
	340		Republic of Turkey, Government Bond		6.750%			5/30/40	BB			389,348

			Total Turkey									4,356,223


			Ukraine – 1.0%

	105		Naftogaz Ukraine		9.500%			9/30/14		N/R		114,093
	100		Republic of Ukraine, 144A		6.875%			9/23/15		B+		100,880
	250		Republic of Ukraine, 144A		7.750%			9/23/20		B+		252,187
	505		Republic of Ukraine, Reg S		6.875%			3/04/11		B+		509,419
	325		Republic of Ukraine, Reg S		6.385%			6/26/12		B+		331,500
	180		Republic of Ukraine, Reg S		7.650%			6/11/13		B+		187,668
	595	EUR	Republic of Ukraine, Reg S		4.950%			10/13/15		B+		747,865

			Total Ukraine									2,243,612


			United Arab Emirates – 0.3%

	190		Emirate of Abu Dhabi, 144A		5.500%			4/08/14	AA			212,169
	100		Emirate of Abu Dhabi, Reg S		6.750%			4/08/19	AA			121,700
	310		Waha Aerospace BV, 144A		3.925%			7/28/20	Aa2			319,204

			Total United Arab Emirates									653,073


			Uruguay – 0.8%

	270		Republic of Uruguay		9.250%			5/17/17	Ba3			357,750
	510		Republic of Uruguay		7.875%			1/15/33	BB+			671,925
	707		Republic of Uruguay		7.625%			3/21/36	BB+			915,116

			Total Uruguay									1,944,791


			Venezuela – 1.1%

	250		Pertoleos de Venzuela S.A.		5.250%			4/12/17		B+		145,625
	90		Republic of Venezuela, Reg S		7.750%			10/13/19	BB-			61,200
	845		Republic of Venezuela, Reg S		9.000%			5/07/23	BB-			578,825
	195		Republic of Venezuela, Reg S		8.250%			10/13/24	BB-			126,262
	1,255		Republic of Venezuela, Reg S		9.250%			5/07/28	BB-			855,910
	295		Republic of Venezuela, Reg S		8.500%			10/08/14	BB-			249,275
	245		Republic of Venezuela		7.650%			4/21/25	BB-			150,061
	310		Republic of Venezuela		9.375%			1/13/34	BB-			212,350
	295		Republic of Venezuela		7.000%			3/31/38	BB-			168,150

			Total Venezuela									2,547,658

			Total Emerging Markets Debt and Foreign Corporate Bonds (cost $53,384,870)									60,106,633


Principal
Amount (000) (8)			Description (1)	Coupon			Maturity		Ratings (2)		Value


			Short-Term Investments – 7.9% (6.0% of Total Investments)

			Sovereign Debt – 0.3%

			Egypt – 0.3%

	975	EGP	Arab Republic of Egypt, Treasury Bill		0.000%			10/19/10	Baa2			170,436
	350	EGP	Arab Republic of Egypt, Treasury Bill		0.000%			12/07/10		A-3		60,495
	1,475	EGP	Arab Republic of Egypt, Treasury Bill		0.000%			12/21/10		A-3		253,916
	825	EGP	Arab Republic of Egypt, Treasury Bill		0.000%			2/01/11		A-3		140,404

			Total Egypt									625,251


			Repurchase Agreements – 7.6%

$	7,279		Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/10, repurchase price $7,279,157, collateralized by $6,805,000 U.S. Treasury Notes, 3.125%, due 1/31/17, value $7,425,956		0.080%			10/01/10		N/A	$	7,279,141
	10,691		Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/10, repurchase price $10,691,281, collateralized by $9,995,000 U.S. Treasury Notes, 3.375%, due 11/15/19, value $10,907,044		0.080%			10/01/10		N/A		10,691,257

$	17,970		Total Repurchase Agreements									17,970,398

			Total Short-Term Investments (cost $18,595,089)									18,595,649

			Total Investments (cost $282,104,985) – 131.1%									309,893,708

			Borrowings – (27.5)% (11)									(65,000,000	)

			Other Assets Less Liabilities – (3.6)%									(8,593,809	)

			Net Assets Applicable to Common Shares – 100%								$	236,299,899


Investments in Derivatives

Call Options Written outstanding at September 30, 2010:

Number of				Notional			Expiration		Strike
Contracts			Type	Amount (12)			Date		Price		Value


	(410	)	Anglogold Ashanti Limited	$	(1,640,000	)		10/16/10		$40.0	$	(258,300	)
	(265	)	Barrick Gold Corporation		(1,298,500	)		1/22/11		49.0		(54,590	)
	(165	)	Union Pacific Corporation		(1,402,500	)		1/22/11		85.0		(57,750	)

	(840	)	Total Call Options Written (premiums received $277,182)	$	(4,341,000	)					$	(370,640	)


Forward Foreign Currency Exchange Contracts outstanding at September 30, 2010:


								Unrealized
								Appreciation
	Amount		In Exchange For	Amount		Settlement		(Depreciation)
Currency Contracts to Deliver	(Local Currency)		Currency	(Local Currency)		Date		(U.S. Dollars)

Brazilian Real		1,507,000	U.S. Dollar		856,007		12/15/10	$	(21,482	)
Colombian Peso		697,633,000	U.S. Dollar		385,241		10/29/10		(2,354	)
Euro		52,000	U.S. Dollar		65,941		12/15/10		(4,909	)
Euro		1,823,000	U.S. Dollar		2,314,517		12/15/10		(169,315	)
Hungarian Forint		23,700,000	U.S. Dollar		102,946		12/15/10		(12,949	)
Mexican Peso		11,337,000	U.S. Dollar		866,909		12/15/10		(27,000	)
Peruvian Nouveau Sol		890,000	U.S. Dollar		311,734		10/14/10		(7,549	)
U.S. Dollar		279,458	Brazilian Real		485,000		12/15/10		2,945
U.S. Dollar		159,830	Hungarian Forint		35,650,000		12/15/10		14,503
U.S. Dollar		159,722	Hungarian Forint		35,650,000		12/15/10		14,610
U.S. Dollar		313,896	Indonesian Rupiah		2,822,000,000		10/29/10		2,212
U.S. Dollar		302,579	Kazakhstan Tenge		44,700,000		1/13/11		(26	)
U.S. Dollar		467,235	Kazakhstan Tenge		68,450,000		3/10/11		(4,040	)
U.S. Dollar		628,232	Mexican Peso		8,200,000		12/15/10		18,328
U.S. Dollar		628,608	New Taiwan Dollar		19,820,000		10/29/10		6,001
U.S. Dollar		313,050	Peruvian Nouveau Sol		890,000		10/14/10		6,233
U.S. Dollar		322,696	Peruvian Nouveau Sol		900,000		12/15/10		154
U.S. Dollar		318,966	Philippine Peso		14,060,000		10/29/10		586
U.S. Dollar		311,419	South Korean Won		365,160,000		12/15/10		7,857
U.S. Dollar		318,749	Turkish Lira		475,000		12/15/10		5,526
U.S. Dollar		636,364	Yuan Renminbi		4,200,000		9/27/11		5,426

								$	(165,243	)

Fair Value Measurements

In determining the fair value of the Fund’s investments, various inputs are used. These inputs are 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 September 30, 2010:


	Level 1			Level 2			Level 3		Total

Investments:
Common Stocks	$	73,600,219		$	—		$	—	$	73,600,219
REIT Common Stocks		79,494,828			—			—		79,494,828
Preferred Securities *		—			2,037,188			—		2,037,188
Variable Rate Senior Loan Interests		—			76,059,191			—		76,059,191
Emerging Markets Debt and Foreign Corporate Bonds		—			60,106,633			—		60,106,633
Short-Term Investments		17,970,398			625,251			—		18,595,649
Derivatives:
Call Options Written		(370,640	)		—			—		(370,640	)
Forward Foreign Currency Exchange Contracts **		—			(165,243	)		—		(165,243	)

Total	$	170,694,805		$	138,663,020		$	—	$	309,357,825


*		Preferred Securities includes Convertible Preferred Securities, $25 Par (or similar) Preferred Securities and Capital Preferred Securities held by the Fund at the end of the reporting period, if any.

**		Represents net unrealized appreciation (depreciation).

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:


	Level 3
	Emerging Markets Debt and Foreign Corporate Bonds

Balance at the beginning of period	$	229,331
Gains (losses):
Net realized gains (losses)		(51,562	)
Net change in unrealized appreciation (depreciation)		43,296
Net purchases at cost (sales at proceeds)		(221,065	)
Net discounts (premiums)		—
Net transfers in to (out of) at end of period fair value		—

Balance at the end of period	$	—

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following table presents the fair value of all derivative instruments held by the Fund as of September 30, 2010, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

Location on the Statement of Assets and Liabilities

Underlying

Derivative

Asset Derivatives

Liability Derivatives

Risk Exposure

Instrument

Location

Value

Location

Value

Equity Price

Options

—

Call options written, at value

370,640

Foreign Currency
Exchange Rate

Forward Foreign Currency
Exchange Contracts

Unrealized appreciation on
forward foreign currency
exchange contracts

84,381

Unrealized depreciation on
forward foreign currency
exchange contracts

249,624

Total

84,381

620,264

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the treatment of paydown gains and losses, recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions. 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 September 30, 2010, the cost of investments (excluding investments in derivatives) was $291,064,521.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at September 30, 2010, were as follows:



Gross unrealized:
Appreciation	$	39,995,507
Depreciation		(21,166,320	)

Net unrealized appreciation (depreciation) of investments	$	18,829,187


		For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund Management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.

(2)		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.

(3)		Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans may occur. As a result, the actual remaining maturity of Senior Loans held may be substantially less than the stated maturities shown.

(4)		Senior Loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks.

		Senior Loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.

(5)		At or subsequent to September 30, 2010, this issue was under the protection of the Federal Bankruptcy Court.

(6)		Non-income producing security; denotes that the issuer has defaulted on the payment of principal or interest.

(7)		The Fund’s Adviser has concluded this issue is not likely to meet its future interest payment obligations and has directed the Fund’s custodian to cease accruing additional income and “write-off” any remaining recorded balances on the Fund’s records.

(8)		Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted.

(9)		Market of issuance for this investment is Euro. Euro par equals 77,469.

(10)		Non-income producing; issuer has not declared a dividend within the past twelve months.

(11)		Borrowings as a percentage of Total Investments is 21.0%.

(12)		For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.

(13)		Investment, or portion of investment, has been pledged as collateral for call options written.

N/A		Not applicable.

N/R		Not rated.

WI/DD		Purchased on a when-issued or delayed delivery basis.

144A		Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

ADR		American Depositary Receipt.

Reg S		Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.

TBD		Senior Loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, Senior Loans typically trade without accrued interest and therefore a weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the Borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.

BRL		Brazilian Real

COP		Colombian Peso

EGP		Egyptian Pound

EUR		Euro

HUF		Hungarian Forint

ITL		Italian Lira

MXN		Mexican Peso

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: 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 Diversified Dividend and Income Fund



By (Signature and Title)	/s/ Kevin J. McCarthy
	Kevin J. McCarthy
	Vice President and Secretary

Date November 29, 2010

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 November 29, 2010



By (Signature and Title)	/s/ Stephen D. Foy
	Stephen D. Foy
	Vice President and Controller (principal financial officer)

Date November 29, 2010