Investment Company Act file number 811-09475
Nuveen Insured Dividend Advantage Municipal Fund
(Exact name of registrant as specified in charter)
333 West Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip code)
Jessica R. DroegerVice 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: 10/31
Date of reporting period: 07/31/05
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 Insured Dividend Advantage Municipal Fund (NVG) | ||||||||||||
July 31, 2005 | ||||||||||||
Principal | Optional Call | Market | ||||||||||
Amount (000) | Description(1) | Provisions* | Ratings** | Value | ||||||||
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Alabama - 4.3% (2.9% of Total Investments) | ||||||||||||
$ | 5,310 | Athens, Alabama, Water and Sewerage Revenue Warrants, Series 2002, 5.300%, 5/01/32 - MBIA Insured | 5/12 at 101.00 | AAA | $ | 5,718,764 | ||||||
3,045 | Hoover, Alabama, General Obligation Bonds, Series 2003, 5.000%, 3/01/20 - MBIA Insured | 3/12 at 101.00 | AAA | 3,253,978 | ||||||||
10,000 | Jefferson County, Alabama, Sewer Revenue Capital Improvement Warrants, Series 1999A, 5.375%, | 2/09 at 101.00 | AAA | 10,825,400 | ||||||||
2/01/36 (Pre-refunded to 2/01/09) - FGIC Insured | ||||||||||||
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Alaska - 3.4% (2.3% of Total Investments) | ||||||||||||
15,000 | Alaska, International Airport System Revenue Bonds, Series 2002B, 5.250%, 10/01/27 - AMBAC Insured | 10/12 at 100.00 | AAA | 15,999,300 | ||||||||
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Arizona - 1.1% (0.8% of Total Investments) | ||||||||||||
5,000 | Phoenix, Arizona, Civic Improvement Corporation, Senior Lien Airport Revenue Bonds, Series 2002B, | 7/12 at 100.00 | AAA | 5,237,400 | ||||||||
5.250%, 7/01/32 (Alternative Minimum Tax) - FGIC Insured | ||||||||||||
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California - 11.4% (7.6% of Total Investments) | ||||||||||||
California Educational Facilities Authority, Revenue Bonds, Occidental College, Series 2005A: | ||||||||||||
1,485 | 5.000%, 10/01/26 - MBIA Insured | 10/15 at 100.00 | Aaa | 1,579,283 | ||||||||
1,565 | 5.000%, 10/01/27 - MBIA Insured | 10/15 at 100.00 | Aaa | 1,663,032 | ||||||||
8,890 | California, General Obligation Veterans Welfare Bonds, Series 1997BH, 5.400%, 12/01/14 | 12/08 at 101.00 | AA- | 9,094,292 | ||||||||
(Alternative Minimum Tax) | ||||||||||||
3,200 | California, Various Purpose General Obligation Bonds, Series 2000, 5.250%, 9/01/17 - MBIA Insured | 9/10 at 100.00 | AAA | 3,456,544 | ||||||||
10,000 | California, General Obligation Refunding Bonds, Series 2002, 5.000%, 2/01/23 - MBIA Insured | No Opt. Call | AAA | 10,442,600 | ||||||||
3,000 | California, General Obligation Veterans Welfare Bonds, Series 2001BZ, 5.375%, 12/01/24 | 6/07 at 101.00 | AAA | 3,057,420 | ||||||||
(Alternative Minimum Tax) - MBIA Insured | ||||||||||||
7,935 | Los Angeles, California, Certificates of Participation, Real Property Acquisition Program, Series | 4/12 at 100.00 | AAA | 8,443,554 | ||||||||
2002, 5.300%, 4/01/32 - AMBAC Insured | ||||||||||||
1,000 | Los Angeles Convention and Exhibition Center Authority, California, Certificates of Participation, | 12/05 at 100.00 | AAA | 1,021,170 | ||||||||
Series 1985, 9.000%, 12/01/20 (Pre-refunded to 12/01/05) | ||||||||||||
3,425 | Los Angeles Unified School District, California, General Obligation Bonds, Series 2005A-1, 5.000%, | 7/15 at 100.00 | AAA | 3,658,277 | ||||||||
7/01/25 - FGIC Insured | ||||||||||||
7,500 | Northern California Power Agency, Revenue Refunding Bonds, Hydroelectric Project 1, Series 1998A, | 7/08 at 101.00 | AAA | 7,931,250 | ||||||||
5.200%, 7/01/32 - MBIA Insured | ||||||||||||
2,320 | Sacramento Municipal Utility District, California, Electric Revenue Bonds, Series 2001P, 5.250%, | 8/11 at 100.00 | AAA | 2,524,276 | ||||||||
8/15/18 - FSA Insured | ||||||||||||
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Colorado - 0.9% (0.6% of Total Investments) | ||||||||||||
1,580 | Gunnison Watershed School District RE1J, Gunnison and Saguache Counties, Colorado, General | No Opt. Call | Aaa | 1,740,496 | ||||||||
Obligation Bonds, Series 2004, 5.000%, 12/01/15 - FSA Insured | ||||||||||||
Sand Creek Metropolitan District, Colorado, General Obligation Bonds, Series 2004: | ||||||||||||
1,095 | 5.000%, 12/01/13 - XLCA Insured | No Opt. Call | AAA | 1,188,108 | ||||||||
1,170 | 5.000%, 12/01/14 - XLCA Insured | 12/13 at 100.00 | AAA | 1,263,226 | ||||||||
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Florida - 16.1% (10.8% of Total Investments) | ||||||||||||
Florida Municipal Loan Council, Revenue Bonds, Series 2003B: | ||||||||||||
2,305 | 5.250%, 12/01/17 - MBIA Insured | 12/13 at 100.00 | AAA | 2,522,016 | ||||||||
1,480 | 5.250%, 12/01/18 - MBIA Insured | 12/13 at 100.00 | AAA | 1,613,836 | ||||||||
11,600 | Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B, | 10/12 at 100.00 | AAA | 12,136,500 | ||||||||
5.125%, 10/01/21 (Alternative Minimum Tax) - FSA Insured | ||||||||||||
6,000 | JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2002A, 5.500%, 10/01/41 - MBIA | 4/07 at 100.00 | AAA | 6,212,760 | ||||||||
Insured | ||||||||||||
8,155 | Lee County, Florida, Solid Waste System Revenue Refunding Bonds, Series 2001, 5.625%, 10/01/13 | 10/11 at 100.00 | Aaa | 8,845,158 | ||||||||
(Alternative Minimum Tax) - MBIA Insured | ||||||||||||
15,000 | Miami-Dade County School Board, Florida, Certificates of Participation, Series 2003A, 5.000%, | No Opt. Call | AAA | 15,729,150 | ||||||||
8/01/27 (Mandatory put 8/01/08) - MBIA Insured | ||||||||||||
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002: | ||||||||||||
7,165 | 5.625%, 10/01/15 (Alternative Minimum Tax) - FGIC Insured | 10/12 at 100.00 | AAA | 7,886,659 | ||||||||
5,600 | 5.750%, 10/01/16 (Alternative Minimum Tax) - FGIC Insured | 10/12 at 100.00 | AAA | 6,207,320 | ||||||||
10,000 | 5.125%, 10/01/21 (Alternative Minimum Tax) - FGIC Insured | 10/12 at 100.00 | AAA | 10,475,000 | ||||||||
2,000 | 5.250%, 10/01/22 (Alternative Minimum Tax) - FGIC Insured | 10/12 at 100.00 | AAA | 2,112,920 | ||||||||
1,000 | Orange County, Florida, Sales Tax Revenue Bonds, Series 2002B, 5.000%, 1/01/25 - FGIC Insured | 1/13 at 100.00 | AAA | 1,057,590 | ||||||||
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Georgia - 0.6% (0.3% of Total Investments) | ||||||||||||
1,000 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/22 - FSA Insured | 11/14 at 100.00 | AAA | 1,064,320 | ||||||||
1,695 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2002B-2, 5.500%, | 12/11 at 100.00 | AAA | 1,763,292 | ||||||||
6/01/32 (Alternative Minimum Tax) | ||||||||||||
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Illinois - 14.0% (9.4% of Total Investments) | ||||||||||||
10,000 | Bolingbrook, Illinois, General Obligation Bonds, Series 2002A, 5.375%, 1/01/38 - FGIC Insured | 1/12 at 100.00 | AAA | 10,783,400 | ||||||||
5,000 | Chicago, Illinois, General Obligation Refunding Bonds, Series 2001A, 5.500%, 1/01/38 - MBIA | 1/11 at 101.00 | AAA | 5,469,000 | ||||||||
Insured | ||||||||||||
Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O'Hare International | ||||||||||||
Airport, Series 2001C: | ||||||||||||
4,250 | 5.500%, 1/01/16 (Alternative Minimum Tax) - AMBAC Insured | 1/11 at 101.00 | AAA | 4,593,230 | ||||||||
4,485 | 5.500%, 1/01/17 (Alternative Minimum Tax) - AMBAC Insured | 1/11 at 101.00 | AAA | 4,847,209 | ||||||||
4,730 | 5.500%, 1/01/18 (Alternative Minimum Tax) - AMBAC Insured | 1/11 at 101.00 | AAA | 5,102,629 | ||||||||
2,930 | 5.500%, 1/01/19 (Alternative Minimum Tax) - AMBAC Insured | 1/11 at 101.00 | AAA | 3,152,797 | ||||||||
3,000 | Chicago, Illinois, Third Lien General Airport Revenue Refunding Bonds, O'Hare International | 1/12 at 100.00 | AAA | 3,286,650 | ||||||||
Airport, Series 2002A, 5.750%, 1/01/17 (Alternative Minimum Tax) - MBIA Insured | ||||||||||||
12,765 | Chicago, Illinois, Revenue Bonds, Skyway Toll Bridge, Series 1996, 5.500%, 1/01/23 (Pre-refunded | 1/07 at 102.00 | AAA | 13,480,861 | ||||||||
to 1/01/07) - MBIA Insured | ||||||||||||
4,000 | Cicero, Cook County, Illinois, General Obligation Corporate Purpose Bonds, Series 2002, 5.000%, | 12/12 at 101.00 | AAA | 4,243,160 | ||||||||
12/01/21 - MBIA Insured | ||||||||||||
1,500 | DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds, Series | 10/13 at 100.00 | Aaa | 1,630,065 | ||||||||
2003C, 5.250%, 10/01/22 - FSA Insured | ||||||||||||
5,000 | Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2002, 5.250%, 4/01/23 - FSA | 4/12 at 100.00 | AAA | 5,417,350 | ||||||||
Insured | ||||||||||||
2,700 | University of Illinois, Certificates of Participation, Utility Infrastructure Projects, Series | 8/11 at 100.00 | AAA | 2,929,581 | ||||||||
2001A, 5.000%, 8/15/20 (Pre-refunded to 8/15/11) - AMBAC Insured | ||||||||||||
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Indiana - 16.9% (11.4% of Total Investments) | ||||||||||||
3,380 | Evansville, Indiana, Sewerage Works Revenue Refunding Bonds, Series 2003A, 5.000%, 7/01/20 - AMBAC | 7/13 at 100.00 | AAA | 3,597,064 | ||||||||
Insured | ||||||||||||
Indiana Bond Bank, Special Program Bonds, Hendricks County Redevelopment District, Series 2002D: | ||||||||||||
2,500 | 5.375%, 4/01/23 - AMBAC Insured | 4/12 at 100.00 | AAA | 2,710,075 | ||||||||
7,075 | 5.250%, 4/01/26 - AMBAC Insured | 4/12 at 100.00 | AAA | 7,596,569 | ||||||||
7,000 | 5.250%, 4/01/30 - AMBAC Insured | 4/12 at 100.00 | AAA | 7,516,040 | ||||||||
10,000 | Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Marion General Hospital, | 7/12 at 100.00 | AAA | 10,547,900 | ||||||||
Series 2002, 5.250%, 7/01/32 - AMBAC Insured | ||||||||||||
25,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A, | 7/12 at 100.00 | AAA | 26,791,250 | ||||||||
5.250%, 7/01/33 - MBIA Insured (PLG) | ||||||||||||
New Albany-Floyd County School Building Corporation, Indiana, First Mortgage Bonds, Series 2002: | ||||||||||||
2,500 | 5.750%, 7/15/17 (Pre-refunded to 7/15/12) - FGIC Insured | 7/12 at 100.00 | AAA | 2,840,350 | ||||||||
3,810 | 5.750%, 7/15/20 (Pre-refunded to 7/15/12) - FGIC Insured | 7/12 at 100.00 | AAA | 4,328,693 | ||||||||
Northern Wells Community School Building Corporation, Wells County, Indiana, First Mortgage Bonds, | ||||||||||||
Series 2001: | ||||||||||||
420 | 5.250%, 1/15/19 - FGIC Insured | 7/12 at 100.00 | AAA | 454,852 | ||||||||
430 | 5.250%, 7/15/19 - FGIC Insured | 7/12 at 100.00 | AAA | 466,640 | ||||||||
1,675 | 5.400%, 7/15/23 - FGIC Insured | 7/12 at 100.00 | AAA | 1,825,147 | ||||||||
6,960 | Valparaiso Middle School Building Corporation, Indiana, First Mortgage Refunding Bonds, Series | 1/13 at 100.00 | AAA | 7,327,488 | ||||||||
2002, 5.000%, 7/15/24 - MBIA Insured | ||||||||||||
2,490 | Whitley County Middle School Building Corporation, Columbia City, Indiana, First Mortgage Bonds, | 7/13 at 100.00 | AAA | 2,665,147 | ||||||||
Series 2003, 5.000%, 1/15/18 - FSA Insured | ||||||||||||
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Louisiana - 0.7% (0.5% of Total Investments) | ||||||||||||
3,085 | New Orleans, Louisiana, General Obligation Refunding Bonds, Series 2002, 5.125%, 9/01/21 - MBIA | 9/12 at 100.00 | AAA | 3,326,309 | ||||||||
Insured | ||||||||||||
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Massachusetts - 3.5% (2.4% of Total Investments) | ||||||||||||
5,000 | Massachusetts, General Obligation Bonds, Consolidated Loan, Series 2004B, 5.000%, 8/01/22 | 8/14 at 100.00 | AAA | 5,448,000 | ||||||||
(Pre-refunded to 8/01/14) - AMBAC Insured | ||||||||||||
10,000 | Massachusetts, Special Obligation Refunding Notes, Federal Highway Grant Anticipation Note Program, | No Opt. Call | Aaa | 10,882,200 | ||||||||
Series 2003A, 5.000%, 12/15/13 - FSA Insured | ||||||||||||
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Michigan - 1.8% (1.2% of Total Investments) | ||||||||||||
7,500 | Detroit, Michigan, Sewerage Disposal System Revenue Bonds, Series 1999A, 5.750%, 7/01/26 | 1/10 at 101.00 | AAA | 8,316,600 | ||||||||
(Pre-refunded to 1/01/10) - FGIC Insured | ||||||||||||
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Missouri - 2.4% (1.6% of Total Investments) | ||||||||||||
1,600 | St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series 2004, | 3/14 at 100.00 | AAA | 1,752,032 | ||||||||
5.250%, 3/01/19 - FSA Insured | ||||||||||||
8,735 | St. Louis, Missouri, Airport Revenue Bonds, Airport Development Program, Series 2001A, 5.250%, | 7/11 at 100.00 | AAA | 9,592,515 | ||||||||
7/01/31 (Pre-refunded to 7/01/11) - MBIA Insured | ||||||||||||
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Nebraska - 0.5% (0.2% of Total Investments) | ||||||||||||
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Series 2003A: | ||||||||||||
1,000 | 5.250%, 4/01/20 - FSA Insured | 4/13 at 100.00 | AAA | 1,094,270 | ||||||||
1,000 | 5.250%, 4/01/21 - FSA Insured | 4/13 at 100.00 | AAA | 1,092,880 | ||||||||
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Nevada - 4.3% (2.9% of Total Investments) | ||||||||||||
9,810 | Clark County School District, Nevada, General Obligation Bonds, Series 2002C, 5.000%, 6/15/21 - | 6/12 at 100.00 | AAA | 10,431,365 | ||||||||
MBIA Insured | ||||||||||||
8,750 | Truckee Meadows Water Authority, Nevada, Water Revenue Bonds, Series 2001A, 5.250%, 7/01/34 - FSA | 7/11 at 100.00 | AAA | 9,368,975 | ||||||||
Insured | ||||||||||||
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New Jersey - 0.5% (0.4% of Total Investments) | ||||||||||||
2,345 | Bernards Township School District, Somerset County, New Jersey, General Obligation Bonds, Series | 1/14 at 100.00 | AAA | 2,552,298 | ||||||||
2004, 5.000%, 1/01/15 - FGIC Insured | ||||||||||||
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New York - 2.9% (1.9% of Total Investments) | ||||||||||||
10,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series | 11/12 at 100.00 | AAA | 10,462,400 | ||||||||
2002A, 5.000%, 11/15/30 - FSA Insured | ||||||||||||
1,500 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B, | 11/15 at 100.00 | AAA | 1,592,280 | ||||||||
5.000%, 11/15/30 - AMBAC Insured | ||||||||||||
1,120 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore | 2/15 at 100.00 | AAA | 1,192,789 | ||||||||
Hospital, Series 2004, 5.000%, 8/01/23 - FGIC Insured | ||||||||||||
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North Carolina - 0.6% (0.4% of Total Investments) | ||||||||||||
2,435 | North Carolina Medical Care Commission, FHA-Insured Mortgage Revenue Bonds, Betsy Johnson Regional | 10/13 at 100.00 | AAA | 2,687,729 | ||||||||
Hospital Project, Series 2003, 5.375%, 10/01/24 - FSA Insured | ||||||||||||
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Oregon - 3.7% (2.5% of Total Investments) | ||||||||||||
4,725 | Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Series 2004, | 6/14 at 100.00 | AAA | 5,162,441 | ||||||||
5.000%, 6/15/15 - FSA Insured | ||||||||||||
Oregon, General Obligation Veterans Welfare Bonds, Series 82: | ||||||||||||
6,715 | 5.375%, 12/01/31 | 12/11 at 100.00 | AA- | 6,928,940 | ||||||||
3,130 | 5.500%, 12/01/42 | 12/11 at 100.00 | AA- | 3,229,503 | ||||||||
1,615 | Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2004A, 5.000%, | 4/14 at 100.00 | AAA | 1,750,127 | ||||||||
4/01/17 - FSA Insured | ||||||||||||
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Pennsylvania - 4.9% (3.3% of Total Investments) | ||||||||||||
4,500 | Allegheny County, Pennsylvania, Airport Revenue Refunding Bonds, Pittsburgh International Airport, | No Opt. Call | AAA | 4,960,260 | ||||||||
Series 1997A, 5.750%, 1/01/13 (Alternative Minimum Tax) - MBIA Insured | ||||||||||||
5,000 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania, | 7/08 at 100.00 | AAA | 5,290,450 | ||||||||
Series 1998, 5.500%, 7/15/38 - MBIA Insured | ||||||||||||
1,000 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Lycoming College, Series | 11/13 at 100.00 | AA | 1,073,270 | ||||||||
2003-AA2, 5.250%, 11/01/16 - RAAI Insured | ||||||||||||
Philadelphia, Pennsylvania, General Obligation Bonds, Series 2003A: | ||||||||||||
3,090 | 5.250%, 2/15/14 - XLCA Insured | 2/13 at 100.00 | AAA | 3,370,850 | ||||||||
1,000 | 5.250%, 2/15/15 - XLCA Insured | 2/13 at 100.00 | AAA | 1,085,440 | ||||||||
Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B: | ||||||||||||
3,540 | 5.250%, 11/15/16 - FSA Insured | 11/13 at 100.00 | AAA | 3,843,024 | ||||||||
2,000 | 5.250%, 11/15/18 - FSA Insured | 11/13 at 100.00 | AAA | 2,158,020 | ||||||||
1,000 | State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School | 6/13 at 100.00 | AAA | 1,055,850 | ||||||||
District, Series 2003, 5.000%, 6/01/23 - FSA Insured | ||||||||||||
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South Carolina - 0.8% (0.5% of Total Investments) | ||||||||||||
Greenville, South Carolina, Tax Increment Revenue Improvement Bonds, Series 2003: | ||||||||||||
1,000 | 5.500%, 4/01/17 - MBIA Insured | 4/13 at 100.00 | AAA | 1,119,220 | ||||||||
2,300 | 5.000%, 4/01/21 - MBIA Insured | 4/13 at 100.00 | AAA | 2,452,743 | ||||||||
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Tennessee - 9.2% (6.2% of Total Investments) | ||||||||||||
10,000 | Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002A, | 11/12 at 100.00 | AAA | 10,565,000 | ||||||||
5.125%, 11/01/28 - AMBAC Insured | ||||||||||||
10,000 | Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002B, | 11/12 at 100.00 | AAA | 10,558,600 | ||||||||
5.125%, 11/01/29 - AMBAC Insured | ||||||||||||
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Series 2004: | ||||||||||||
1,495 | 5.000%, 10/01/19 - FSA Insured | 10/14 at 100.00 | AAA | 1,612,926 | ||||||||
1,455 | 5.000%, 10/01/20 - FSA Insured | 10/14 at 100.00 | AAA | 1,565,143 | ||||||||
1,955 | 5.000%, 10/01/21 - FSA Insured | 10/14 at 100.00 | AAA | 2,096,777 | ||||||||
15,195 | Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds, Series | 5/12 at 100.00 | AAA | 16,307,730 | ||||||||
2002A, 5.250%, 5/01/32 - FSA Insured | ||||||||||||
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Texas - 27.1% (18.3% of Total Investments) | ||||||||||||
3,500 | Dallas-Ft. Worth International Airport, Texas, Joint Revenue Refunding and Improvement Bonds, | 11/11 at 100.00 | AAA | 3,837,190 | ||||||||
Series 2001A, 5.750%, 11/01/13 (Alternative Minimum Tax) - FGIC Insured | ||||||||||||
10,000 | Gainesville Hospital District, Texas, Limited Tax General Obligation Bonds, Series 2002, 5.375%, | 8/11 at 100.00 | AAA | 10,557,900 | ||||||||
8/15/32 - MBIA Insured | ||||||||||||
3,645 | Galveston, Texas, General Obligation Refunding Bonds, Series 2001A, 5.250%, 5/01/21 - AMBAC | No Opt. Call | AAA | 3,911,814 | ||||||||
Insured | ||||||||||||
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds, TECO | ||||||||||||
Project, Series 2003: | ||||||||||||
2,240 | 5.000%, 11/15/16 - MBIA Insured | 11/13 at 100.00 | AAA | 2,391,782 | ||||||||
2,355 | 5.000%, 11/15/17 - MBIA Insured | 11/13 at 100.00 | AAA | 2,504,307 | ||||||||
13,000 | Houston Area Water Corporation, Texas, Contract Revenue Bonds, Northeast Water Purification Plant, | 3/12 at 100.00 | AAA | 13,563,030 | ||||||||
Series 2002, 5.125%, 3/01/32 - FGIC Insured | ||||||||||||
2,500 | Houston Higher Education Finance Corporation, Texas, Revenue Bonds, Rice University, Series 1999A, | 11/09 at 101.00 | AAA | 2,684,225 | ||||||||
5.375%, 11/15/29 | ||||||||||||
1,000 | Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%, 5/15/24 - | 5/14 at 100.00 | AAA | 1,080,680 | ||||||||
FGIC Insured | ||||||||||||
4,345 | San Antonio, Texas, Water System Senior Lien Revenue Refunding Bonds, Series 2002, 5.500%, | 5/12 at 100.00 | AAA | 4,809,437 | ||||||||
5/15/17 - FSA Insured | ||||||||||||
9,145 | Texas, General Obligation Bonds, Veterans Housing Assistance Program Fund II, Series 2002A-1, | 6/12 at 100.00 | Aa1 | 9,629,594 | ||||||||
5.250%, 12/01/22 (Alternative Minimum Tax) | ||||||||||||
6,110 | Texas Department of Housing and Community Affairs, Residential Mortgage Revenue Bonds, Series | 7/11 at 100.00 | AAA | 6,281,508 | ||||||||
2001A, 5.350%, 7/01/33 (Alternative Minimum Tax) | ||||||||||||
Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System, Series | ||||||||||||
2002: | ||||||||||||
3,520 | 5.125%, 11/01/20 - MBIA Insured | 5/12 at 100.00 | Aaa | 3,773,722 | ||||||||
3,520 | 5.125%, 11/01/21 - MBIA Insured | 5/12 at 100.00 | Aaa | 3,773,722 | ||||||||
8,655 | Texas Department of Housing and Community Affairs, Single Family Mortgage Bonds, Series 2002B, | 3/12 at 100.00 | AAA | 9,003,191 | ||||||||
5.550%, 9/01/33 (Alternative Minimum Tax) - MBIA Insured | ||||||||||||
Texas Student Housing Authority, Revenue Bonds, Austin Project, Senior Series 2001A: | ||||||||||||
9,400 | 5.375%, 1/01/23 - MBIA Insured | 1/12 at 102.00 | Aaa | 10,171,364 | ||||||||
11,665 | 5.500%, 1/01/33 - MBIA Insured | 1/12 at 102.00 | Aaa | 12,859,379 | ||||||||
5,000 | Texas Water Development Board, Senior Lien State Revolving Fund Revenue Bonds, Series 1999B, | 1/10 at 100.00 | AAA | 5,359,500 | ||||||||
5.250%, 7/15/17 | ||||||||||||
Williamson County, Texas, General Obligation Bonds, Series 2002: | ||||||||||||
3,500 | 5.200%, 2/15/21 - FSA Insured | 2/12 at 100.00 | AAA | 3,760,085 | ||||||||
3,000 | 5.250%, 2/15/22 - FSA Insured | 2/12 at 100.00 | AAA | 3,237,270 | ||||||||
7,340 | 5.250%, 2/15/23 - FSA Insured | 2/12 at 100.00 | AAA | 7,920,521 | ||||||||
5,000 | 5.250%, 2/15/25 - FSA Insured | 2/12 at 100.00 | AAA | 5,344,800 | ||||||||
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Washington - 14.1% (9.4% of Total Investments) | ||||||||||||
7,675 | Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series 2002A, | 7/12 at 100.00 | AAA | 8,479,570 | ||||||||
5.500%, 7/01/15 - MBIA Insured | ||||||||||||
6,600 | Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station - | 7/12 at 100.00 | AAA | 7,198,488 | ||||||||
Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 - FSA Insured | ||||||||||||
2,200 | King County School District 414, Lake Washington, Washington, General Obligation Bonds, Series | 12/14 at 100.00 | AAA | 2,386,890 | ||||||||
2004, 5.000%, 12/01/16 - FSA Insured | ||||||||||||
2,500 | Port of Seattle, Washington, Revenue Refunding Bonds, Series 2002D, 5.750%, 11/01/15 (Alternative | 11/12 at 100.00 | AAA | 2,773,825 | ||||||||
Minimum Tax) - FGIC Insured | ||||||||||||
2,200 | Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series 2003B, | 12/13 at 100.00 | AAA | 2,370,742 | ||||||||
5.000%, 6/01/17 - FSA Insured | ||||||||||||
3,255 | Thurston and Pierce Counties School District, Washington, General Obligation Bonds, Yelm Community | 6/13 at 100.00 | Aaa | 3,574,511 | ||||||||
Schools, Series 2003, 5.250%, 12/01/16 - FSA Insured | ||||||||||||
Washington State Economic Development Finance Authority, Wastewater Revenue Bonds, LOTT Project, | ||||||||||||
Series 2002: | ||||||||||||
2,000 | 5.500%, 6/01/17 - AMBAC Insured | 6/12 at 100.00 | Aaa | 2,218,840 | ||||||||
4,325 | 5.125%, 6/01/22 - AMBAC Insured | 6/12 at 100.00 | Aaa | 4,630,994 | ||||||||
15,000 | Washington State Healthcare Facilities Authority, Revenue Bonds, Harrison Memorial Hospital, Series | 8/13 at 102.00 | AAA | 15,778,800 | ||||||||
1998, 5.000%, 8/15/28 - AMBAC Insured | ||||||||||||
10,000 | Washington State Healthcare Facilities Authority, Revenue Bonds, Children's Hospital and Regional | 10/11 at 100.00 | Aaa | 10,393,000 | ||||||||
Medical Center, Series 2001, 5.125%, 10/01/31 - AMBAC Insured | ||||||||||||
5,170 | Whitman County School District 267, Pullman, Washington, General Obligation Bonds, Series 2002, | 6/12 at 100.00 | Aaa | 5,507,601 | ||||||||
5.000%, 12/01/20 - FSA Insured | ||||||||||||
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Wisconsin - 3.2% (2.2% of Total Investments) | ||||||||||||
2,040 | Wisconsin Housing and Economic Development Authority, Home Ownership Revenue Bonds, Series 2002E, | 3/12 at 100.00 | AA | 2,111,624 | ||||||||
5.250%, 9/01/22 (Alternative Minimum Tax) | ||||||||||||
11,950 | Wisconsin, Transportation Revenue Refunding Bonds, Series 2002-1, 5.125%, 7/01/18 - AMBAC Insured | 7/12 at 100.00 | AAA | 12,962,160 | ||||||||
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$ | 647,070 | Total Long-Term Investments (cost $649,237,633) - 148.9% | 692,149,060 | |||||||||
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Other Assets Less Liabilities - 1.2% | 5,647,516 | |||||||||||
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Preferred Shares, at Liquidation Value - (50.1)% | (233,000,000) | |||||||||||
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Net Assets Applicable to Common Shares - 100% | $ | 464,796,576 | ||||||||||
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Forward Swaps outstanding at July 31, 2005: | ||||||||||||||||
Unrealized | ||||||||||||||||
Notional | Effective | Termination | Appreciation | |||||||||||||
Amount | Date(2) | Date | (Depreciation) | |||||||||||||
Agreement with Morgan Stanley dated January 31, 2005, to pay | ||||||||||||||||
semi-annually the notional amount multiplied by 5.058% (annualized) | ||||||||||||||||
and receive quarterly the notional amount multiplied by the | ||||||||||||||||
three-month USD-LIBOR (United States Dollar-London | ||||||||||||||||
Inter-Bank Offered Rates). | $ | 7,500,000 | 8/16/05 | 8/16/35 | $(110,661 | ) | ||||||||||
$(110,661 | ) | |||||||||||||||
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At least 80% of the Funds net assets (including net assets attributable to Preferred shares) are invested in | |||
municipal securities that are either covered by Original Issue Insurance, Secondary Market Insurance or | |||
Portfolio Insurance which ensures the timely payment of principal and interest. Up to 20% of the Funds net | |||
assets (including net assets attributable to Preferred shares) may be invested in municipal securities that are | |||
(i) either backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency | |||
securities (also ensuring the timely payment of principal and interest), or (ii) municipal bonds that are rated, | |||
at the time of investment, within the four highest grades (Baa or BBB or better by Moodys, S&P or Fitch) or | |||
unrated but judged to be of comparable quality by the Adviser. | |||
(1 | ) | All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares | |
unless otherweise noted. | |||
(2 | ) | Effective date reresents the date on which both the Fund and counterparty commence interest payment | |
accruals on each forward swap contract. | |||
* | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There | ||
may be other call provisions at varying prices at later dates. | |||
** | Ratings: Using the higher of Standard & Poor's or Moody's rating. | ||
(PLG) | Portion of security with an aggregate market value of $165,034, has been pledged to collateralize the net | ||
payment obligations under forward swap contracts. | |||
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 income on taxable market | |||
discount securities and timing differences in recognizing certain gains and losses on investment transactions. | |||
At July 31, 2005, the cost of investments was $649,109,628. | |||
Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2005, were as | |||
follows: |
Gross unrealized: | |||||
Appreciation | $44,511,972 | ||||
Depreciation | (1,472,540 | ) | |||
Net unrealized appreciation of investments | $43,039,432 | ||||
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Item 2. Controls and Procedures.
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.
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 Insured Dividend Advantage Municipal Fund
By (Signature and Title)* /s/ Jessica R. Droeger--Vice President and Secretary
Date 09/29/05
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--Chief Administrative Officer (principal executive officer)
Date 09/29/05
By (Signature and Title)* /s/ Stephen D. Foy--Vice President and Controller (principal financial officer)
Date 09/29/05
* Print the name and title of each signing officer under his or her signature.