Edgar Filing: Nuveen Tax-Advantaged Dividend Growth Fund

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 811-22058

Nuveen Tax-Advantaged Dividend Growth 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:		9/30/2014

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 Tax-Advantaged Dividend Growth Fund (JTD)
	September 30, 2014

Shares		Description (1)					Value
		LONG-TERM INVESTMENTS – 141.9% (97.6% of Total Investments)
		COMMON STOCKS – 105.2% (72.3% of Total Investments)
		Aerospace & Defense - 4.6%
36,859		Boeing Company					$ 4,695,099
48,340		Honeywell International Inc.					4,501,421
145,958		Safran S.A., (3)					2,335,328
		Total Aerospace & Defense					11,531,848
		Automobiles - 1.0%
32,870		Daimler AG, (3)					2,507,652
		Banks - 12.1%
37,436		BOC Hong Kong Holdings Limited, (3)					2,386,425
50,518		Cullen/Frost Bankers, Inc.					3,865,132
44,191		HSBC Holdings PLC, (2)					2,248,438
107,493		JPMorgan Chase & Company, (2)					6,475,377
317,851		Mitsubishi UFJ Financial Group Inc.					1,783,144
88,631		Swedbank AB, (3)					2,223,752
48,738		Toronto-Dominion Bank					2,407,170
116,050		Wells Fargo & Company					6,019,514
94,611		Westpac Banking Corporation, (2)					2,659,515
		Total Banks					30,068,467
		Beverages - 1.0%
66,616		Heineken NV, (3)					2,490,106
		Biotechnology - 0.7%
46,061		Grifols SA					1,618,123
		Capital Markets - 2.9%
92,975		Bank of New York Company, Inc., (2)					3,600,922
11,023		BlackRock Inc.					3,619,071
		Total Capital Markets					7,219,993
		Chemicals - 1.8%
125,777		Linde AG, (3)					2,402,341
31,000		Syngenta AG, ADR					1,964,470
		Total Chemicals					4,366,811
		Communications Equipment - 1.8%
59,104		QUALCOMM, Inc.					4,419,206
		Computers & Peripherals - 4.0%
63,473		Apple, Inc., (2)					6,394,904
125,700		EMC Corporation					3,677,982
		Total Computers & Peripherals					10,072,886
		Consumer Finance - 1.4%
55,745		Discover Financial Services, (2)					3,589,421
		Containers & Packaging - 2.2%
48,323		Amcor Limited, (3)					1,920,839
54,420		Packaging Corp. of America					3,473,084
		Total Containers & Packaging					5,393,923
		Diversified Telecommunication Services - 2.4%
169,625		AT&T Inc., (2)					5,977,585
		Electric Utilities - 4.8%
71,262		ITC Holdings Corporation, (2)					2,539,065
43,004		NextEra Energy Inc.					4,037,216
173,877		Red Electrica Corporacion, S.A., (3)					3,011,845
87,940		Scottish and Southern Energy PLC, (3)					2,219,606
		Total Electric Utilities					11,807,732
		Energy Equipment & Services - 1.6%
68,746		Seadrill Limited					1,839,643
49,188		Tenaris, S.A.					2,240,513
		Total Energy Equipment & Services					4,080,156
		Food & Staples Retailing - 2.1%
66,577		CVS Caremark Corporation, (2)					5,298,863
		Food Products - 2.1%
155,001		Danone, (3)					2,077,013
46,013		McCormick & Company, Incorporated					3,078,270
		Total Food Products					5,155,283
		Health Care Equipment & Supplies - 1.6%
45,490		Covidien PLC					3,935,340
		Health Care Providers & Services - 1.8%
51,364		UnitedHealth Group Incorporated, (2)					4,430,145
		Hotels, Restaurants & Leisure - 1.2%
180,506		Compass Group PLC, (3)					2,900,731
		Household Durables - 2.6%
42,153		Tupperware Corporation					2,910,243
24,024		Whirlpool Corporation					3,499,096
		Total Household Durables					6,409,339
		Household Products - 2.6%
71,092		Colgate-Palmolive Company					4,636,620
105,174		Reckitt and Benckiser, (3)					1,828,976
		Total Household Products					6,465,596
		Industrial Conglomerates - 0.8%
32,027		Jardine Matheson Holdings Limited, (3)					1,908,809
		Insurance - 4.4%
36,674		Ace Limited					3,846,002
86,787		Marsh & McLennan Companies, Inc., (2)					4,542,432
30,749		Swiss Re AG, (3)					2,450,588
		Total Insurance					10,839,022
		IT Services - 3.4%
47,109		Accenture Limited, (4)					3,830,904
80,537		Fidelity National Information Services					4,534,233
		Total IT Services					8,365,137
		Machinery - 2.5%
42,139		Caterpillar Inc.					4,173,025
26,393		Kubota Corporation, (3)					2,077,129
		Total Machinery					6,250,154
		Media - 2.9%
32,989		Time Warner Cable, Class A					4,733,592
24,733		WPP Group PLC					2,484,183
		Total Media					7,217,775
		Metals & Mining - 0.7%
29,702		BHP Billiton PLC					1,748,854
		Multiline Retail - 1.6%
68,893		Macy’s, Inc.					4,008,195
		Oil, Gas & Consumable Fuels - 7.5%
116,068		BG Group PLC, (3)					2,151,901
44,341		Chevron Corporation, (2)					5,290,768
110,547		Kinder Morgan, Inc.					4,238,372
46,309		Phillips 66					3,765,385
25,000		SandRidge Permian Trust					242,750
46,689		Total S.A., Sponsored ADR					3,009,106
		Total Oil, Gas & Consumable Fuels					18,698,282
		Personal Products - 0.8%
65,608		L’Oreal, (3)					2,078,133
		Pharmaceuticals - 8.4%
89,617		AbbVie Inc.					5,176,278
61,860		Merck KGaA, (3)					1,902,294
36,490		Novartis AG, Sponsored ADR					3,434,804
70,358		Novo-Nordisk A/S, (2)					3,350,448
171,661		Pfizer Inc.					5,076,016
33,964		Sanofi-Aventis					1,916,589
		Total Pharmaceuticals					20,856,429
		Professional Services - 3.1%
130,544		Experian PLC, (3)					2,059,984
127,799		Nielsen Holdings BV, (2)					5,665,330
		Total Professional Services					7,725,314
		Road & Rail - 1.7%
40,110		Union Pacific Corporation					4,348,726
		Software - 3.2%
142,461		Microsoft Corporation, (2)					6,604,492
19,606		SAP AG, Sponsored ADR					1,414,769
		Total Software					8,019,261
		Specialty Retail - 1.8%
84,311		Lowe’s Companies, Inc., (2)					4,461,738
		Textiles, Apparel & Luxury Goods - 1.7%
65,829		VF Corporation					4,346,689
		Tobacco - 2.1%
61,619		Philip Morris International					5,139,025
		Trading Companies & Distributors - 0.8%
76,837		Itochu Corporation, (3)					1,877,235
		Wireless Telecommunication Services - 1.5%
121,947		KDDI Corporation, (2), (3)					1,826,766
58,464		Vodafone Group PLC, Sponsored ADR					1,922,881
		Total Wireless Telecommunication Services					3,749,647
		Total Common Stocks (cost $202,446,820)					261,377,631

Shares		Description (1)	Coupon			Ratings (5)	Value
		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 25.3% (17.4% of Total Investments)
		Banks - 3.9%
28,200		Associated Banc-Corp.	8.000%			Ba1	$ 779,448
16,200		Boston Private Financial Holdings Inc.	6.950%			N/R	400,788
4,615		Citigroup Inc.	8.125%			BB+	132,681
17,200		Citigroup Inc.	7.125%			BB+	459,756
15,955		City National Corporation	6.750%			Baa3	444,347
32,800		Fifth Third Bancorp.	6.625%			BB+	867,560
15,765		First Naigara Finance Group	8.625%			BB	446,150
18,000		First Republic Bank of San Francisco	6.200%			BBB-	446,040
32,600		FNB Corporation	7.250%			Ba3	892,588
9,500		HSBC Holdings PLC	8.000%			BBB+	253,080
6,305		HSBC USA Inc.	6.500%			BBB+	158,129
17,675		PNC Financial Services	6.125%			BBB-	482,704
700		Private Bancorp Incorporated	7.125%			N/R	18,025
34,000		Regions Financial Corporation	6.375%			B1	862,920
80,413		U.S. Bancorp.	6.500%			Baa1	2,306,245
23,544		Zions Bancorporation	7.900%			BB-	659,232
		Total Banks					9,609,693
		Capital Markets - 3.4%
308		Affiliated Managers Group Inc.	6.375%			BBB	7,848
1,825		Allied Capital Corporation	6.875%			BBB	46,173
6,900		Apollo Investment Corporation	6.875%			BBB	169,395
25,675		Apollo Investment Corporation	6.625%			BBB	638,024
1,790		Arlington Asset Investment Corporation	6.625%			N/R	43,640
25,360		Capitala Finance Corporation	7.125%			N/R	640,086
35,000		Fifth Street Finance Corporation	6.125%			BBB-	852,250
8,400		Gladstone Capital Corporation	6.750%			N/R	216,636
3,700		Gladstone Investment Corporation	7.125%			N/R	97,199
14,200		Hercules Technology Growth Capital Incorporated	7.000%			N/R	362,100
37,300		Hercules Technology Growth Capital Incorporated	6.250%			N/R	921,683
3,000		JMP Group Inc.	7.250%			N/R	74,910
23,550		Ladenburg Thalmann Financial Services Inc.	8.000%			N/R	572,265
20,225		Medley Capital Corporation	6.125%			N/R	492,074
32,400		Morgan Stanley	7.125%			BB	871,884
18,300		MVC Capital Incorporated	7.250%			N/R	457,866
11,100		Oxford Lane Capital Corporation	8.125%			N/R	279,054
15,048		Oxford Lane Capital Corporation	7.500%			N/R	367,171
500		Saratoga Investment Corporation	7.500%			N/R	12,725
51,308		Solar Capital Limited	6.750%			BBB-	1,243,706
2,472		Triangle Capital Corporation	6.375%			N/R	62,566
		Total Capital Markets					8,429,255
		Consumer Finance – 0.8%
18,225		Discover Financial Services	6.500%			BB-	459,452
36,560		HSBC Finance Corporation	6.360%			BBB-	916,925
13,105		SLM Corporation, Series A	6.970%			BB	645,814
		Total Consumer Finance					2,022,191
		Diversified Financial Services - 1.2%
28,826		Ares Capital Corporation	7.000%			BBB	735,063
21,300		Ares Capital Corporation	5.875%			BBB	538,677
1,500		KKR Financial Holdings LLC	7.500%			A-	40,020
16,900		KKR Financial Holdings LLC	7.375%			BBB	436,358
30,918		Main Street Capital Corporation	6.125%			N/R	770,167
15,650		PennantPark Investment Corporation	6.250%			BBB-	391,563
		Total Diversified Financial Services					2,911,848
		Diversified Telecommunication Services - 0.0%
4,600		Qwest Corporation	6.875%			BBB-	112,056
		Food Products - 0.7%
33,400		CHS Inc.	7.100%			N/R	888,440
37,600		CHS Inc.	0.000%			N/R	958,424
		Total Food Products					1,846,864
		Household Durables - 0.2%
15,594		Pitney Bowes Incorporated	6.700%			BBB	404,041
		Insurance - 3.9%
22,267		American Financial Group	7.000%			BBB+	587,626
8,700		Arch Capital Group Limited	6.750%			BBB	233,508
29,600		Argo Group US Inc.	6.500%			BBB-	709,216
14,298		Aspen Insurance Holdings Limited	7.401%			BBB-	377,753
50,000		Aspen Insurance Holdings Limited	7.250%			BBB-	1,304,500
27,300		Axis Capital Holdings Limited	6.875%			BBB	707,343
65,000		Endurance Specialty Holdings Limited	7.500%			BBB-	1,681,550
23,300		Kemper Corporation	7.375%			Ba1	595,315
6,331		Maiden Holdings Limited	8.250%			BB	163,593
17,400		Maiden Holdings NA Limited	8.000%			BBB-	459,708
17,943		Maiden Holdings NA Limited	7.750%			BBB-	470,465
30,025		National General Holding Company	7.500%			N/R	741,017
207		PartnerRe Limited	7.250%			BBB+	5,562
40,229		Principal Financial Group	6.518%			BBB	1,024,230
24,420		Reinsurance Group of America Inc.	6.200%			BBB	671,794
		Total Insurance					9,733,180
		Marine - 0.7%
20,300		Costamare Inc.	8.500%			N/R	531,048
1,925		Navios Maritime Holdings Inc.	8.750%			N/R	48,799
12,800		Navios Maritime Holdings Inc.	8.625%			N/R	313,216
19,883		Seaspan Corporation	8.250%			N/R	526,900
11,557		Seaspan Corporation	6.375%			N/R	295,744
		Total Marine					1,715,707
		Multi-Utilities - 0.7%
63,156		DTE Energy Company	6.500%			Baa1	1,627,530
		Oil, Gas & Consumable Fuels - 1.8%
6,510		Atlas Pipeline Partners LP	8.250%			CCC+	167,307
1,700		Atlas Resource Partners LP, WI/DD	8.625%			N/R	42,092
21,700		BreitBurn Energy Partners LP	0.000%			N/R	549,010
5,000		Callon Petroleum Company	10.000%			N/R	268,450
4,616		Legacy Reserves LP	8.000%			N/R	116,046
24,125		Legacy Reserves LP	8.000%			N/R	594,440
18,758		Magnum Hunter Resources Corporation	8.000%			N/R	914,453
38,100		Miller Energy Resources Inc.	10.500%			N/R	943,737
12,568		Scorpio Tankers Inc.	6.750%			N/R	314,577
6,668		Tsakos Energy Navigation Limited	8.875%			N/R	173,701
8,600		Vanguard Natural Resources LLC	7.875%			N/R	219,042
7,300		Vanguard Natural Resources LLC	7.625%			N/R	180,675
2,100		Vanguard Natural Resources LLC	0.000%			N/R	52,227
		Total Oil, Gas & Consumable Fuels					4,535,757
		Real Estate Investment Trust - 7.2%
28,755		American Realty Capital Properties Inc.	6.700%			N/R	664,816
38,800		Apartment Investment & Management Company	7.000%			BB-	988,236
19,277		Apollo Commercial Real Estate Finance	8.625%			N/R	500,431
3,558		Apollo Residential Mortgage Inc.	8.000%			N/R	86,459
5,842		Arbor Realty Trust Incorporated	8.500%			N/R	146,050
11,550		Arbor Realty Trust Incorporated	8.250%			N/R	282,282
8,800		Arbor Realty Trust Incorporated	7.375%			N/R	214,544
59,682		Ashford Hospitality Trust Inc.	9.000%			N/R	1,619,769
8,330		Campus Crest Communities	8.000%			N/R	208,667
15,000		Capstead Mortgage Corporation	7.500%			N/R	362,250
11,051		CBL & Associates Properties Inc.	7.375%			BB	281,801
4,662		Colony Financial Inc.	0.000%			N/R	125,594
14,000		Colony Financial Inc.	0.000%			N/R	343,014
31,350		Developers Diversified Realty Corporation	6.500%			Baa3	791,274
33,600		Digital Realty Trust Inc.	7.375%			Baa3	875,280
72,500		Dupont Fabros Technology	7.875%			Ba2	1,878,475
7,000		First Potomac Realty Trust	7.750%			N/R	182,070
22,100		Inland Real Estate Corporation	8.125%			N/R	581,451
18,700		Invesco Mortgage Capital Inc.	7.750%			N/R	464,508
2,600		Kite Realty Group Trust	8.250%			N/R	68,588
11,469		MFA Financial Inc.	8.000%			N/R	301,061
11,218		MFA Financial Inc.	7.500%			N/R	267,437
22,900		Northstar Realty Finance Corporation	8.875%			N/R	581,660
5,900		Northstar Realty Finance Corporation	8.750%			N/R	148,857
32,400		Northstar Realty Finance Corporation	8.250%			N/R	812,268
36,600		Penn Real Estate Investment Trust	7.375%			N/R	947,940
13,804		Rait Financial Trust	7.750%			N/R	334,333
16,752		Rait Financial Trust	7.625%			N/R	401,378
16,000		Rait Financial Trust	7.125%			N/R	394,400
20,175		Regency Centers Corporation	6.625%			Baa3	518,498
34,959		Resource Capital Corporation	8.625%			N/R	836,569
275		Sabra Health Care Real Estate Investment Trust	7.125%			B2	7,062
38,800		Senior Housing Properties Trust	5.625%			BBB-	911,800
3,800		STAG Industrial Inc.	6.625%			BB	94,050
18,500		Taubman Centers Incorporated, Series K	6.250%			N/R	463,610
6,050		UMH Properties Inc.	8.250%			N/R	158,510
		Total Real Estate Investment Trust					17,844,992
		Real Estate Management & Development - 0.2%
16,770		Kennedy-Wilson Inc.	7.750%			BB-	425,790
		U.S. Agency - 0.6%
8,700		Cobank Agricultural Credit Bank, 144A, (6)	6.250%			BBB+	914,044
2,209		Cobank Agricultural Credit Bank, (6)	6.125%			BBB+	199,500
4,750		Farm Credit Bank of Texas, 144A, (6)	6.750%			Baa1	498,156
		Total U.S. Agency					1,611,700
		Total $25 Par (or similar) Retail Preferred (cost $60,294,745)					62,830,604

Principal
Amount (000)		Description (1)	Coupon		Maturity	Ratings (5)	Value
		CORPORATE BONDS – 5.3% (3.7% of Total Investments)
		Banks - 0.7%
$	575	JPMorgan Chase & Company	6.750%		12/31/49	BBB-	$ 604,038
975		M&T Bank Corporation	6.450%		12/31/49	BBB-	1,031,062
1,550		Total Banks					1,635,100
		Capital Markets - 0.4%
900		Prosepect Capital Corporation	5.875%		3/15/23	BBB	937,478
		Commercial Services & Supplies - 0.1%
350		R.R. Donnelley & Sons Company	6.500%		11/15/23	BB-	349,125
		Diversified Financial Services - 0.3%
875		Jefferies Finance LLC Corporation, 144A	6.875%		4/15/22	B1	861,875
		Diversified Telecommunication Services - 0.2%
550		US West Communications Company	6.875%		9/15/33	BBB-	548,866
		Energy Equipment & Services - 0.4%
925		McDermott International Inc., 144A	8.000%		5/01/21	BB	904,188
175		NGPL PipeCo LLC, 144A	9.625%		6/01/19	B-	185,500
1,100		Total Energy Equipment & Services					1,089,688
		Marine - 0.5%
200		Global Ship Lease Inc., 144A	10.000%		4/01/19	B	208,500
175		Navios Maritime Acquisition Corporation, 144A	8.125%		11/15/21	B+	168,875
825		Teekay Offshore Partners LP	6.000%		7/30/19	N/R	808,500
1,200		Total Marine					1,185,875
		Oil, Gas & Consumable Fuels - 1.7%
840		Breitburn Energy Partners LP	7.875%		4/15/22	B-	850,500
975		DCP Midstream LLC, 144A	5.850%		5/21/43	Baa3	962,813
900		Key Energy Services Inc.	6.750%		3/01/21	BB-	866,250
275		Legacy Reserves LP Finance Corporation, 144A	6.625%		12/01/21	B	269,500
250		Linn Energy LLC Finance Corporation	6.500%		9/15/21	B1	243,750
975		Seadrill Limited, 144A	6.625%		9/15/20	N/R	909,675
4,215		Total Oil, Gas & Consumable Fuels					4,102,488
		Real Estate Investment Trust - 0.2%
445		Iron Mountain Inc.	5.750%		8/15/24	B1	436,656
		Real Estate Management & Development - 0.3%
770		Forestar USA Real Estate Group Inc., 144A	8.500%		6/01/22	BB-	789,250
		Wireless Telecommunication Services - 0.5%
300		Frontier Communications Corporation	7.125%		1/15/23	BB	306,000
850		Frontier Communications Corporation	7.625%		4/15/24	BB	881,875
75		Frontier Communications Corporation	6.875%		1/15/25	BB	74,063
1,225		Total Wireless Telecommunication Services					1,261,938
$	13,180	Total Corporate Bonds (cost $13,281,679)					13,198,339

Principal
Amount (000)/
Shares		Description (1)	Coupon		Maturity	Ratings (5)	Value
		$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 5.2% (3.6% of Total Investments)
		Banks - 0.7%
525		Bank of America Corporation	6.250%		N/A (7)	BB	$ 521,554
1,000		PNC Financial Services Inc.	6.750%		N/A (7)	BBB-	1,105,000
50		Zions Bancorporation	7.200%		N/A (7)	BB-	52,750
		Total Banks					1,679,304
		Capital Markets – 0.3%
850		Morgan Stanley	5.450%		N/A (7)	BB	843,625
		Consumer Finance - 0.4%
925		Ally Financial Inc., 144A	7.000%		N/A (7)	B-	925,867
		Diversified Financial Services – 1.2%
1,000		General Electric Capital Corporation	7.125%		N/A (7)	A+	1,157,500
575		General Electric Capital Corporation, (2)	6.250%		N/A (7)	A+	619,563
1,000		JPMorgan Chase & Company	7.900%		N/A (7)	BBB-	1,082,500
125		JPMorgan Chase & Company	6.100%		N/A (7)	BBB-	123,594
		Total Diversified Financial Services					2,983,157
		Insurance - 2.3%
1,542		Liberty Mutual Group, 144A	7.800	%	3/15/37	Baa3	1,813,777
1,000		MetLife Inc.	10.750	%	8/01/39	BBB	1,615,000
1,000		National Financial Services Inc.	6.750	%	5/15/37	Baa2	1,050,000
594		Symetra Financial Corporation, 144A	8.300	%	10/15/37	BBB-	623,700
825		XL Capital Ltd	6.500	%	N/A (7)	BBB	798,188
		Total Insurance					5,900,665
		Specialty Retail - 0.3%
758		Swiss Re Capital I, 144A	6.854%		N/A (7)	A	795,900
		Total $1,000 Par (or similar) Institutional Preferred (cost $11,709,541)					13,128,518

Shares		Description (1), (8)					Value
		INVESTMENT COMPANIES - 0.9% (0.6% of Total Investments)
10,460		AllianceBernstein Global High Income Fund					$ 142,256
63,770		Ares Dynamic Credit Allocation Fund					1,086,641
183,496		MFS Intermediate Income Trust					919,315
		Total Investment Companies (cost $2,250,471)					2,148,212
		Total Long-Term Investments (cost $289,983,256)					352,683,304

Principal
Amount (000)		Description (1)	Coupon		Maturity		Value
		SHORT-TERM INVESTMENTS - 3.5% (2.4% of Total Investments)
$	8,590	Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/14, repurchase price $8,589,707, collateralized by $8,790,000 U.S. Treasury Notes, 1.750%, due 9/30/19, value $8,768,025	0.000%		10/01/14		$ 8,589,707
		Total Short-Term Investments (cost $8,589,707)					8,589,707
		Total Investments (cost $298,572,963) - 145.4%					361,273,011
		Borrowings – (44.3)(9), (10)%					(110,000,000	)
		Other Assets Less Liabilities – (1.1)(11)%					(2,861,051	)
		Net Assets Applicable to Common Shares – 100%					$ 248,411,960

Investments in Derivatives as of September 30, 2014

Options Written outstanding:

Number of		Notional		Expiration	Strike
Contracts	Description	Amount (12)		Date	Price	Value (11)
(100)	NASDAQ 100® INDEX	$ (41,000,000	)	10/18/14	$ 4,100	$ (306,500	)
(75)	NASDAQ 100® INDEX	(30,937,500	)	11/22/14	4,125	(420,000	)
(75)	S&P 500® Index	(15,037,500	)	10/18/14	2,005	(50,625	)
(75)	S&P 500® Index	(15,112,500	)	11/22/14	2,015	(121,500	)
(100)	S&P 500® Index	(20,250,000	)	11/22/14	2,025	(124,500	)
(425)	Total Options Written (premiums received $1,094,634)	$(122,337,500	)			$(1,023,125	)

Interest Rate Swaps outstanding:

Fund

Fixed Rate

Unrealized

Notional

Pay/Receive

Fixed Rate

Payment

Effective

Termination

Appreciation

Counterparty

Amount

Floating Rate

Floating Rate Index

(Annualized)

Frequency

Date (13)

Date

(Depreciation) (11)

JPMorgan

$ 27,625,000

Receive

1-Month USD-LIBOR-BBA

1.255

Monthly

12/01/14

12/01/18

$448,272

JPMorgan

27,625,000

Receive

1-Month USD-LIBOR-BBA

1.673

Monthly

12/01/14

12/01/20

693,701

Morgan Stanley

16,750,000

Receive

1-Month USD-LIBOR-BBA

2.323

Monthly

3/29/11

3/29/16

(465,080

)

$ 72,000,000

$676,893

		Fair Value Measurements

		Fair value is defined as the price that would be received 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:
Common Stocks	$ 214,740,178		$ 46,637,453	$ –	$ 261,377,631
$25 Par (or similar) Retail Structures	61,218,904		1,611,700	–	62,830,604
Corporate Bonds	–		13,198,339	–	13,198,339
$1,000 Par (or similar) Institutional Structures	–		13,128,518	–	13,128,518
Investment Companies	2,148,212		–	–	2,148,212
Short-Term Investments:
Repurchase Agreements	–		8,589,707	–	8,589,707
Investments in Derivatives:
Options Written	(1,023,125	)	–	–	(1,023,125	)
Interest Rate Swaps*	–		676,893	–	676,893
Total	$ 277,084,169		$ 83,842,610	$ –	$ 360,926,779

* Represents net unrealized appreciation (depreciation).

	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 certain gains and losses on investment transactions, timing differences in the recognition of income and the recognition of unrealized gain or loss for tax (mark-to-market) on options contracts. 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 September 30, 2014, the cost of investments (excluding investments in derivatives) was $299,681,061.

	Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2014, were as follows:


	Gross unrealized:
	Appreciation		$	67,672,125
	Depreciation		(6,080,175		)
	Net unrealized appreciation (depreciation) of investments		$	61,591,950

		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)	Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.
	(3)	For fair value measurement disclosure purposes, Common Stock classified as Level 2.
	(4)	Investment, or portion of investment, is out on loan. The total value of investments out on loan as of the end of the reporting period was $45,100.
	(5)	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.
	(6)	For fair value measurement disclosure purposes, $25 Par (or similar) Retail Preferred classified as Level 2.
	(7)	Perpetual security. Maturity date is not applicable.
	(8)	A copy of the most recent financial statements for the investment companies in which the Fund invests can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.
	(9)	Borrowings as a percentage of Total Investments is 30.4%.
	(10)	The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives) in the Portfolio of Investments as collateral for Borrowings. As of the end of the reporting period, investments with a value of $229,236,130 have been pledged as collateral for Borrowings.
	(11)	Other Assets Less Liabilities includes the Value and the Unrealized Appreciation (Depreciation) of derivative instruments as listed within Investments in Derivatives as of the end of the reporting period.
	(12)	For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.
	(13)	Effective date represents the date on which both the Fund and Counterparty commence interest payment accruals on each contract.
	N/A	Not applicable.
	WI/DD	Investment, or portion of investment, 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.
USD-LIBOR-BBA		United States Dollar-London Inter-Bank Offered Rate British Bankers’ Association.

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 Tax-Advantaged Dividend Growth Fund

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

Date: November 28, 2014

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 28, 2014

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

Date: November 28, 2014