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:		3/31/2015

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)

March 31, 2015

Shares		Description (1)				Value
		LONG-TERM INVESTMENTS – 141.0% (97.4% of Total Investments)
		COMMON STOCKS – 105.7% (73.0% of Total Investments)
		Aerospace & Defense – 4.8%
32,883		Boeing Company				$ 4,935,081
46,159		Honeywell International Inc.				4,814,845
138,114		Safran SA, ADR, (4)				2,390,063
		Total Aerospace & Defense				12,139,989
		Automobiles – 2.8%
31,575		Daimler AG, Sponsored ADR, (4)				2,952,263
111,087		General Motors Company, (2)				4,165,763
		Total Automobiles				7,118,026
		Banks – 11.9%
35,960		BOC Hong Kong Holdings Limited, Sponsored ADR, (3), (4)				2,564,912
47,211		Cullen/Frost Bankers, Inc.				3,261,336
43,748		HSBC Holdings PLC, Sponsored ADR, (2)				1,863,227
106,188		JPMorgan Chase & Co., (2)				6,432,869
395,000		Mitsubishi UFJ Financial Group Inc., Sponsored ADR				2,456,900
99,459		Swedbank AB, ADR, (4)				2,379,557
48,249		Toronto-Dominion Bank				2,067,470
108,971		Wells Fargo & Company				5,928,022
90,882		Westpac Banking Corporation, ADR, (2)				2,718,281
		Total Banks				29,672,574
		Beverages – 2.5%
63,992		Heineken NV, Sponsored ADR, (4)				2,440,655
38,939		PepsiCo, Inc., (2)				3,723,347
		Total Beverages				6,164,002
		Biotechnology – 0.6%
45,599		Grifols SA, ADR				1,496,103
		Capital Markets – 1.4%
9,842		BlackRock Inc.				3,600,597
		Chemicals – 4.2%
102,980		Linde AG, Sponsored ADR, (4)				2,094,613
24,737		Monsanto Company				2,783,902
30,488		Praxair, Inc.				3,681,121
29,334		Syngenta AG, ADR				1,989,139
		Total Chemicals				10,548,775
		Communications Equipment – 1.5%
53,400		QUALCOMM, Inc.				3,702,756
		Consumer Finance – 1.2%
55,068		Discover Financial Services, (2)				3,103,082
		Containers & Packaging – 2.3%
45,727		Amcor Limited, Sponsored ADR, (4)				1,941,111
49,525		Packaging Corp. of America				3,872,360
		Total Containers & Packaging				5,813,471
		Diversified Telecommunication Services – 2.2%
167,565		AT&T Inc., (2)				5,470,997
		Electric Utilities – 4.4%
70,397		ITC Holdings Corporation, (2)				2,634,960
36,194		NextEra Energy Inc.				3,765,986
167,026		Red Electrica Corporacion SA, ADR, (4)				2,723,359
87,058		Scottish and Southern Energy PLC, Sponsored ADR, (4)				1,936,170
		Total Electric Utilities				11,060,475
		Energy Equipment & Services – 0.6%
48,695		Tenaris SA, ADR, (3)				1,363,460
		Food & Staples Retailing – 2.3%
54,628		CVS Caremark Corporation, (2)				5,638,156
		Food Products – 2.0%
126,375		Groupe Danone, Sponsored ADR, (3), (4)				1,707,326
41,620		McCormick & Company, Incorporated				3,209,318
		Total Food Products				4,916,644
		Health Care Equipment & Supplies – 1.7%
53,537		Medtronic, PLC				4,175,351
		Health Care Providers & Services – 2.4%
50,740		UnitedHealth Group Incorporated, (2)				6,002,035
		Hotels, Restaurants & Leisure – 1.2%
173,394		Compass Group PLC, Sponsored ADR, (4)				3,017,056
		Household Durables – 1.8%
22,605		Whirlpool Corporation				4,567,566
		Household Products – 2.7%
67,569		Colgate-Palmolive Company				4,685,234
126,046		Reckitt and Benckiser, Sponsored ADR, (4)				2,156,647
		Total Household Products				6,841,881
		Industrial Conglomerates – 0.7%
27,069		Jardine Matheson Holdings Limited, ADR, (4)				1,710,761
		Insurance – 4.5%
32,883		Ace Limited				3,666,126
82,934		Marsh & McLennan Companies, Inc., (2)				4,651,768
29,537		Swiss Re AG, Sponsored ADR, (4)				2,861,559
		Total Insurance				11,179,453
		IT Services – 3.6%
41,232		Accenture Limited				3,863,026
76,906		Fidelity National Information Services				5,234,222
		Total IT Services				9,097,248
		Machinery – 0.9%
27,665		Kubota Corporation, Sponsored ADR, (4)				2,189,408
		Media – 3.0%
31,510		Time Warner Cable, Class A				4,722,719
23,759		WPP Group PLC, Sponsored ADR				2,703,061
		Total Media				7,425,780
		Metals & Mining – 0.8%
43,577		BHP Billiton Limited, Sponsored ADR				2,025,023
		Multiline Retail – 1.9%
74,360		Macy’s, Inc.				4,826,708
		Oil, Gas & Consumable Fuels – 6.7%
114,904		BG Group PLC, Sponsored ADR, (3), (4)				1,419,639
43,803		Chevron Corporation, (2)				4,598,439
93,605		Kinder Morgan, Inc., (3)				3,937,026
57,915		Phillips 66				4,552,119
46,221		Total SA, Sponsored ADR				2,295,335
		Total Oil, Gas & Consumable Fuels				16,802,558
		Personal Products – 0.9%
62,082		L’Oreal, ADR, (4)				2,281,514
		Pharmaceuticals – 7.9%
82,171		AbbVie Inc.				4,810,290
58,536		Merck KGaA, ADR, (4)				2,171,978
25,889		Novartis AG, Sponsored ADR				2,552,914
56,473		Novo-Nordisk A/S, Sponsored ADR, (2)				3,015,093
156,865		Pfizer Inc., (3)				5,457,333
33,623		Sanofi-Aventis, ADR				1,662,321
		Total Pharmaceuticals				19,669,929
		Professional Services – 2.8%
97,182		Experian PLC, Sponsored ADR, (4)				1,603,017
119,470		Nielsen Holdings N.V, (2)				5,324,778
		Total Professional Services				6,927,795
		Road & Rail – 1.7%
39,623		Union Pacific Corporation				4,291,567
		Software – 2.8%
129,665		Microsoft Corporation, (2)				5,271,531
24,970		SAP SE, Sponsored ADR				1,802,085
		Total Software				7,073,616
		Specialty Retail – 2.0%
68,669		Lowe’s Companies, Inc., (2)				5,108,287
		Technology Hardware, Storage & Peripherals – 4.3%
61,025		Apple, Inc., (2)				7,593,341
124,174		EMC Corporation				3,173,887
		Total Technology Hardware, Storage & Peripherals				10,767,228
		Textiles, Apparel & Luxury Goods – 1.9%
64,012		VF Corporation				4,820,744
		Tobacco – 1.8%
60,871		Philip Morris International				4,585,412
		Trading Companies & Distributors – 1.1%
124,080		Itochu Corporation, ADR, (4)				2,697,499
		Wireless Telecommunication Services – 1.9%
141,626		KDDI Corporation, ADR, (2), (4)				2,404,809
68,515		Vodafone Group PLC, Sponsored ADR				2,239,070
		Total Wireless Telecommunication Services				4,643,879
		Total Common Stocks (cost $198,263,589)				264,537,405

Shares		Description (1)	Coupon		Ratings (5)	Value
		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 24.3% (16.8% of Total Investments)
		Banks – 4.5%
16,200		Boston Private Financial Holdings Inc.	6.950%		N/R	$ 419,580
4,615		Citigroup Inc.	8.125%		BB+	134,204
17,200		Citigroup Inc.	7.125%		BB+	475,408
15,955		City National Corporation	6.750%		Baa3	464,769
8,700		Cobank Agricultural Credit Bank, 144A, (4)	6.250%		BBB+	889,847
2,209		Cobank Agricultural Credit Bank, (4)	6.125%		BBB+	203,642
32,800		Fifth Third Bancorp.	6.625%		BB+	926,600
15,765		First Naigara Finance Group	8.625%		BB-	434,168
12,602		First Republic Bank of San Francisco	6.200%		BBB-	324,375
32,600		FNB Corporation	7.250%		Ba3	920,624
9,500		HSBC Holdings PLC	8.000%		BBB+	249,185
15,800		Oxford Lane Capital Corporation	8.125%		N/R	399,740
18,010		Oxford Lane Capital Corporation	7.500%		N/R	452,952
5,375		PNC Financial Services	6.125%		BBB-	154,800
9,707		Private Bancorp Incorporated	7.125%		N/R	257,915
26,875		RBS Capital Trust	6.080%		BB-	665,694
54,400		Regions Financial Corporation	6.375%		BB	1,410,048
62,171		U.S. Bancorp.	6.500%		Baa1	1,847,100
21,224		Zions Bancorporation	7.900%		BB-	584,721
		Total Banks				11,215,372
		Capital Markets – 3.2%
6,900		Apollo Investment Corporation	6.875%		BBB	176,847
25,675		Apollo Investment Corporation	6.625%		BBB	653,172
1,510		Arlington Asset Investment Corporation	6.625%		N/R	37,146
25,360		Capitala Finance Corporation	7.125%		N/R	652,766
35,000		Fifth Street Finance Corporation	6.125%		BBB-	878,500
8,100		Gladstone Capital Corporation	6.750%		N/R	207,360
3,700		Gladstone Investment Corporation	7.125%		N/R	95,275
9,655		Hercules Technology Growth Capital Incorporated	7.000%		N/R	245,720
37,300		Hercules Technology Growth Capital Incorporated	6.250%		N/R	938,095
3,100		JMP Group Inc.	7.250%		N/R	79,081
37,900		Ladenburg Thalmann Financial Services Inc.	8.000%		N/R	909,600
12,675		Medley Capital Corporation	6.125%		N/R	320,044
32,400		Morgan Stanley	7.125%		BB	922,428
19,225		MVC Capital Incorporated	7.250%		N/R	483,701
50,906		Solar Capital Limited	6.750%		BBB-	1,268,578
2,472		Triangle Capital Corporation	6.375%		N/R	62,196
		Total Capital Markets				7,930,509
		Consumer Finance – 1.1%
36,550		Capital One Financial Corporation	6.700%		Ba1	974,423
18,225		Discover Financial Services	6.500%		BB-	472,392
7,470		HSBC Finance Corporation	6.360%		BBB-	190,112
22,575		SLM Corporation, Series A	6.970%		B3	1,115,431
		Total Consumer Finance				2,752,358
		Diversified Financial Services – 0.8%
21,300		Ares Capital Corporation	5.875%		BBB	541,446
1,482		KKR Financial Holdings LLC	7.500%		A-	40,429
16,900		KKR Financial Holdings LLC	7.375%		BBB	453,765
28,818		Main Street Capital Corporation	6.125%		N/R	727,655
15,650		PennantPark Investment Corporation	6.250%		BBB-	392,189
		Total Diversified Financial Services				2,155,484
		Diversified Telecommunication Services – 0.0%
4,600		Qwest Corporation	6.875%		BBB-	121,072
		Electric Utilities – 0.3%
35,700		Entergy Arkansas Inc., (4)	6.450%		BB+	896,963
		Food Products – 0.7%
33,400		CHS Inc.	7.100%		N/R	902,134
36,210		CHS Inc.	0.000%		N/R	942,184
		Total Food Products				1,844,318
		Insurance – 3.7%
8,700		Arch Capital Group Limited	6.750%		BBB	237,684
29,600		Argo Group US Inc.	6.500%		BBB-	748,880
14,298		Aspen Insurance Holdings Limited	7.401%		BBB-	373,893
50,000		Aspen Insurance Holdings Limited	7.250%		BBB-	1,325,000
27,300		Axis Capital Holdings Limited	6.875%		BBB	735,462
65,000		Endurance Specialty Holdings Limited	7.500%		BBB-	1,739,400
23,300		Kemper Corporation	7.375%		Ba1	611,625
6,331		Maiden Holdings NA Limited	8.250%		BB	166,885
17,400		Maiden Holdings NA Limited	8.000%		BBB-	463,362
17,943		Maiden Holdings NA Limited	7.750%		BBB-	483,205
31,025		National General Holding Company	7.500%		N/R	780,279
5,850		National General Holding Company	7.500%		N/R	145,782
35,436		Principal Financial Group	6.518%		BBB	896,176
16,575		Reinsurance Group of America Inc.	6.200%		BBB	478,686
		Total Insurance				9,186,319
		Marine – 0.7%
20,300		Costamare Inc.	8.500%		N/R	537,950
23,775		Navios Maritime Holdings Inc.	8.625%		N/R	501,890
19,883		Seaspan Corporation	8.250%		N/R	523,718
11,557		Seaspan Corporation	6.375%		N/R	291,005
		Total Marine				1,854,563
		Multi-Utilities – 0.7%
63,156		DTE Energy Company	6.500%		Baa1	1,683,739
		Oil, Gas, & Consumable Fuels – 0.4%
3,189		Legacy Reserves LP	8.000%		N/R	62,377
4,950		Scorpio Tankers Inc.	7.500%		N/R	123,750
16,203		Scorpio Tankers Inc.	6.750%		N/R	381,581
13,759		Tsakos Energy Navigation Limited	8.875%		N/R	361,862
2,175		Tsakos Energy Navigation Limited	8.000%		N/R	55,658
		Total Oil, Gas, & Consumable Fuels				985,228
		Real Estate Investment Trust – 7.0%
8,400		AG Mortgage Investment Trust	8.250%		N/R	210,672
515		AG Mortgage Investment Trust	8.000%		N/R	12,901
32,755		American Realty Capital Properties Inc.	6.700%		N/R	773,018
38,800		Apartment Investment & Management Company	7.000%		BB-	994,832
19,277		Apollo Commercial Real Estate Finance	8.625%		N/R	510,455
3,558		Apollo Residential Mortgage Inc.	8.000%		N/R	87,705
5,842		Arbor Realty Trust Incorporated	8.500%		N/R	149,555
10,130		Arbor Realty Trust Incorporated	8.250%		N/R	258,822
10,082		Arbor Realty Trust Incorporated	7.375%		N/R	253,159
59,682		Ashford Hospitality Trust Inc.	9.000%		N/R	1,587,541
8,830		Campus Crest Communities	8.000%		N/R	223,664
15,000		Capstead Mortgage Corporation	7.500%		N/R	371,550
4,662		Colony Financial Inc.	0.000%		N/R	124,009
14,000		Colony Financial Inc.	0.000%		N/R	359,940
31,350		DDR Corporation	6.500%		Baa3	800,679
33,600		Digital Realty Trust Inc.	7.375%		Baa3	927,696
72,500		Dupont Fabros Technology	7.875%		Ba2	1,856,725
8,239		First Potomac Realty Trust	7.750%		N/R	210,506
22,075		Inland Real Estate Corporation	8.125%		N/R	577,261
4,900		Inland Real Estate Corporation	6.950%		N/R	124,215
18,700		Invesco Mortgage Capital Inc.	7.750%		N/R	458,150
2,495		Kite Realty Group Trust	8.250%		N/R	64,645
11,469		MFA Financial Inc.	8.000%		N/R	299,112
14,893		MFA Financial Inc.	7.500%		N/R	371,268
22,900		Northstar Realty Finance Corporation	8.875%		N/R	605,018
10,300		Northstar Realty Finance Corporation	8.750%		N/R	271,920
29,300		Northstar Realty Finance Corporation	8.250%		N/R	745,978
36,600		Penn Real Estate Investment Trust	7.375%		N/R	943,914
9,779		Rait Financial Trust	7.750%		N/R	227,166
19,998		Rait Financial Trust	7.625%		N/R	467,753
17,875		Rait Financial Trust	7.125%		N/R	437,938
20,175		Regency Centers Corporation	6.625%		Baa3	530,401
36,749		Resource Capital Corporation	8.625%		N/R	857,722
19,175		Senior Housing Properties Trust	5.625%		BBB-	477,457
3,800		STAG Industrial Inc.	6.625%		BB	97,203
7,250		UMH Properties Inc.	8.250%		N/R	188,064
		Total Real Estate Investment Trust				17,458,614
		Real Estate Management & Development – 0.2%
16,770		Kennedy-Wilson Inc.	7.750%		BB-	436,020
		Specialty Retail – 0.4%
36,800		TravelCenters of America LLC	8.000%		N/R	964,160
		U.S. Agency – 0.2%
4,750		Farm Credit Bank of Texas, 144A, (4)	6.750%		Baa1	494,891
		Wireless Telecommunication Services – 0.4%
36,400		United States Cellular Corporation	7.250%		Ba1	921,648
		Total $25 Par (or similar) Retail Preferred (cost $57,777,021)				60,901,258

Principal
Amount (000)		Description (1)	Coupon	Maturity	Ratings (5)	Value
		CORPORATE BONDS – 4.6% (3.2% of Total Investments)
		Banks – 0.9%
$ 525		Bank of America Corporation	6.250%	3/05/65	BB	$ 534,844
575		JPMorgan Chase & Company	6.750%	12/31/49	BBB-	623,875
975		M&T Bank Corporation	6.450%	12/31/49	BBB-	1,053,000
2,075		Total Banks				2,211,719
		Beverages – 0.2%
450		Cott Beverages USA Inc., 144A	6.750%	1/01/20	B-	465,750
150		Cott Beverages USA Inc., 144A	5.375%	7/01/22	B-	144,563
600		Total Beverages				610,313
		Capital Markets – 0.1%
300		BGC Partners Inc.	5.375%	12/09/19	BBB-	306,000
		Commercial Services & Supplies – 0.3%
450		GFL Environmental Corporation, 144A	7.875%	4/01/20	B	454,500
350		R.R. Donnelley & Sons Company	6.500%	11/15/23	BB-	371,875
800		Total Commercial Services & Supplies				826,375
		Diversified Consumer Services – 0.1%
250		Gibson Brands Inc., 144A	8.875%	8/01/18	B-	250,313
		Diversified Financial Services – 0.3%
375		Jefferies Finance LLC Corporation, 144A	6.875%	4/15/22	B1	348,750
435		Main Street Capital Corp.	4.500%	12/01/19	BBB	446,433
810		Total Diversified Financial Services				795,183
		Diversified Telecommunication Services – 0.3%
685		US West Communications Company	6.875%	9/15/33	BBB-	687,420
		Health Care Providers & Services – 0.2%
415		Kindred Healthcare Inc.	6.375%	4/15/22	B2	418,631
		Independent Power & Renewable Electricity Producers – 0.2%
350		Abengoa Yield PLC, 144A	7.000%	11/15/19	N/R	360,500
		Marine – 0.4%
200		Navios Maritime Acquisition Corporation, 144A	8.125%	11/15/21	B+	201,000
825		Teekay Offshore Partners LP/Teekay Offshore Finance Corporation	6.000%	7/30/19	N/R	746,625
1,025		Total Marine				947,625
		Media – 0.1%
250		Altice S.A, 144A	7.625%	2/15/25	B	250,469
		Oil, Gas & Consumable Fuels – 0.6%
225		Legacy Reserves LP Finance Corporation	6.625%	12/01/21	B	177,750
225		Linn Energy LLC Finance Corporation	7.750%	2/01/21	B1	178,875
175		Memorial Production Partners LP Finance Corporation	7.625%	5/01/21	B-	159,250
950		Seadrill Limited, 144A	6.125%	9/15/17	N/R	802,750
250		Vanguard Natural Resources Finance	7.875%	4/01/20	B	228,750
1,825		Total Oil, Gas & Consumable Fuels				1,547,375
		Real Estate Investment Trust – 0.2%
375		Iron Mountain Inc.	5.750%	8/15/24	B2	379,688
225		Select Income REIT	4.500%	2/01/25	Baa2	225,706
600		Total Real Estate Investment Trust				605,394
		Real Estate Management & Development – 0.3%
770		Forestar USA Real Estate Group Inc., 144A	8.500%	6/01/22	BB-	743,050
25		Kennedy-Wilson Holdings Incorporated	5.875%	4/01/24	BB-	25,062
795		Total Real Estate Management & Development				768,112
		Wireless Telecommunication Services – 0.4%
500		Frontier Communications Corporation	7.625%	4/15/24	BB	520,624
375		Frontier Communications Corporation	6.875%	1/15/25	BB	371,249
875		Total Wireless Telecommunication Services				891,873
$	11,655	Total Corporate Bonds (cost $11,446,942)				11,477,302

Principal
Amount (000)/
Shares		Description (1)	Coupon	Maturity	Ratings (5)	Value
		$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 6.4% (4.4% of Total Investments)
		Banks – 3.4%
600		Bank of America Corporation	6.100%	N/A (6)	BB	$ 608,625
375		Bank of America Corporation	6.500%	N/A (6)	BB	396,563
875		Citigroup Inc.	5.800%	N/A (6)	BB+	877,188
800		Citizens Financial Group Inc., 144A	5.500%	N/A (6)	BB+	800,000
575		General Electric Capital Corporation	6.250%	N/A (6)	A+	646,875
1,000		General Electric Capital Corporation	7.125%	N/A (6)	A+	1,173,750
125		JPMorgan Chase & Company	6.100%	N/A (6)	BBB-	128,750
1,000		JPMorgan Chase & Company	7.900%	N/A (6)	BBB-	1,076,250
1,000		PNC Financial Services Inc.	6.750%	N/A (6)	BBB-	1,112,500
900		SunTrust Bank Inc.	5.625%	N/A (6)	BB+	915,750
700		Wells Fargo & Company	5.875%	N/A (6)	BBB	740,390
50		Zions Bancorporation	7.200%	N/A (6)	BB-	53,325
8,000		Total Banks				8,529,966
		Capital Markets – 0.3%
850		Morgan Stanley	5.450%	N/A (6)	BB	856,375
		Consumer Finance – 0.6%
488		Ally Financial Inc., 144A	7.000%	N/A (6)	B	498,446
900		American Express Company	5.200%	N/A (6)	Baa3	913,500
1,388		Total Consumer Finance				1,411,946
		Insurance – 1.8%
895		Liberty Mutual Group, 144A	7.800%	3/07/87	Baa3	1,094,138
1,000		MetLife Inc.	10.750%	8/01/69	BBB	1,679,500
1,000		National Financial Services Inc., (3)	6.750%	5/15/67	Baa2	1,052,500
594		Symetra Financial Corporation, 144A	8.300%	10/15/37	BBB-	614,789
3,489		Total Insurance				4,440,927
		Specialty Retail – 0.3%
758		Swiss Re Capital I, 144A	6.854%	N/A (6)	A	795,900
		Total $1,000 Par (or similar) Institutional Preferred (cost $14,391,058)				16,035,114
		Total Long-Term Investments (cost $281,878,610)				352,951,079

Principal
Amount (000)		Description (1)	Coupon	Maturity		Value
		SHORT-TERM INVESTMENTS – 3.7% (2.6% of Total Investments)
$ 9,410		Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/15, repurchase price $9,409,870, collateralized by $9,235,000 U.S. Treasury Notes, 2.375%, due 8/15/24, value $9,604,400	0.000%	4/01/15		$ 9,409,870
		Total Short-Term Investments (cost $9,409,870)				9,409,870
		Total Investments (cost $291,288,480) – 144.7%				362,360,949
		Borrowings – (43.9)% (7), (8)				(110,000,000	)
		Other Assets Less Liabilities – (0.8)% (9)				(1,968,172	)
		Net Assets Applicable to Common Shares – 100%				$ 250,392,777

Investments in Derivatives as of March 31, 2015

Options Written outstanding:

	Number of		Notional	Expiration	Strike
Option Type	Contracts	Description	Amount (10)	Date	Price	Value
Call	(60)	NASDAQ 100® Index	$ (27,000,000)	4/18/15	$ 4,500	$ (21,600)
Call	(45)	NASDAQ 100® Index	(20,115,000)	4/18/15	4,470	(32,175)
Call	(105)	S&P 500® Index	(22,050,000)	4/18/15	2,100	(85,050)
Call	(200)	S&P 500® Index	(42,200,000)	4/18/15	2,110	(104,000)
	(410)	Total Options Written (premiums received $1,019,064)	$ (111,365,000)			$ (242,825)

Interest Rate Swaps:

Fund

Fixed Rate

Unrealized

Notional

Pay/Receive

Fixed Rate

Payment

Effective

Termination

Appreciation

Counterparty

Amount

Floating Rate

Floating Rate Index

(Annualized)

Frequency

Date (11)

Date

(Depreciation)

JPMorgan

$ 27,625,000

Receive

1-Month USD-LIBOR-BBA

1.462%

Monthly

12/01/15

12/01/20

(288,153)

JPMorgan

27,625,000

Receive

1-Month USD-LIBOR-BBA

1.842

Monthly

12/01/15

12/01/22

(533,509)

$ 55,250,000

(821,662)

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

$ 216,893,489

$ 47,643,916

$ –

$ 264,537,405

$25 Par (or similar) Retail Preferred

58,415,915

2,485,343

–

60,901,258

Corporate Bonds

–

11,477,302

–

11,477,302

$1,000 Par (or similar) Institutional Preferred

–

16,035,114

–

16,035,114

Short-Term Investments:

Repurchase Agreements

–

9,409,870

–

9,409,870

Investments in Derivatives:

Options Written

(242,825

)

–

(242,825

)

Interest Rate Swaps*

–

(821,662

)

–

(821,662

)

Total

$ 275,066,579

$ 86,229,883

$ –

$ 361,296,462

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

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 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.

As of March 31, 2015, the cost of investments (excluding investments in derivatives) was $292,174,336.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of March 31, 2015, were as follows:

Gross unrealized:

Appreciation

$ 76,587,321

Depreciation

(6,400,708

)

Net unrealized appreciation (depreciation) of investments

$ 70,186,613

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)

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 $1,430,600.

(4)

For fair value measurement disclosure purposes, investment classified as Level 2.

(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)

Perpetual security. Maturity date is not applicable.

(7)

Borrowings as a percentage of Total Investments is 30.4%.

(8)

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 $231,466,507 have been pledged as collateral for Borrowings.

(9)

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.

(10)

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

(11)

Effective date represents the date on which both the Fund and Counterparty commence interest payment accruals on each contract.

N/A

Not applicable.

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: May 29, 2015

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: May 29, 2015

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

Date: May 29, 2015