Investment Company Act file number 811-21211
Nuveen Insured New York Tax-Free Advantage Municipal Fund
(Exact name of
registrant as specified in charter)
Nuveen
Investments
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: 9/30
Date of reporting period: 6/30/09
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 New York Tax-Free Advantage Municipal Fund (NRK) | ||||||||
June 30, 2009 | ||||||||
Principal | Optional Call | |||||||
Amount (000) | Description (1) | Provisions (2) | Ratings (3) | Value | ||||
| ||||||||
Consumer Staples 3.0% (1.9% of Total Investments) | ||||||||
$ 1,500 | New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003, | 6/13 at 100.00 | BBB | $ | 1,241,640 | |||
5.750%, 6/01/33 | ||||||||
305 | Puerto Rico, The Childrens Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, | 5/12 at 100.00 | BBB | 244,881 | ||||
Series 2002, 5.375%, 5/15/33 | ||||||||
| ||||||||
1,805 | Total Consumer Staples | 1,486,521 | ||||||
| ||||||||
Education and Civic Organizations 23.8% (14.9% of Total Investments) | ||||||||
2,000 | Dormitory Authority of the State of New York, Insured Revenue Bonds, Long Island University, | 9/12 at 100.00 | BBB | 1,643,120 | ||||
Series 2003A, 5.000%, 9/01/32 RAAI Insured | ||||||||
2,000 | Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of | No Opt. Call | A | 1,999,160 | ||||
Medicine, Series 1994A, 5.150%, 7/01/24 MBIA Insured | ||||||||
1,000 | Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory | No Opt. Call | AA | 1,059,470 | ||||
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) SYNCORA GTY Insured | ||||||||
410 | Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory | 7/16 at 100.00 | AA | 398,803 | ||||
Facilities, Series 2006A, 5.000%, 7/01/31 MBIA Insured | ||||||||
1,000 | Dormitory Authority of the State of New York, Revenue Bonds, Mount St. Mary College, Series | 7/13 at 100.00 | BBB | 857,230 | ||||
2003, 5.000%, 7/01/32 RAAI Insured | ||||||||
2,500 | Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of | 7/12 at 100.00 | A1 | 2,504,800 | ||||
Technology, Series 2002A, 5.250%, 7/01/22 AMBAC Insured | ||||||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of | ||||||||
Technology, Series 2006A: | ||||||||
100 | 5.250%, 7/01/20 AMBAC Insured | No Opt. Call | A1 | 104,116 | ||||
80 | 5.250%, 7/01/21 AMBAC Insured | No Opt. Call | A1 | 82,738 | ||||
225 | Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate | 7/15 at 100.00 | AAA | 229,428 | ||||
University, Tender Option Bond Trust 3127, 12.711%, 7/01/40 AMBAC Insured (IF) | ||||||||
300 | New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, | 1/19 at 100.00 | AAA | 329,208 | ||||
Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 AGC Insured | ||||||||
495 | New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project | 3/19 at 100.00 | AAA | 556,583 | ||||
Pilot, Series 2009A, 7.000%, 3/01/49 AGC Insured | ||||||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium | ||||||||
Project, Series 2006: | ||||||||
170 | 5.000%, 3/01/31 FGIC Insured | 9/16 at 100.00 | BBB | 142,994 | ||||
1,425 | 5.000%, 3/01/36 MBIA Insured | 9/16 at 100.00 | A | 1,201,574 | ||||
840 | 4.500%, 3/01/39 FGIC Insured | 9/16 at 100.00 | BBB | 602,893 | ||||
| ||||||||
12,545 | Total Education and Civic Organizations | 11,712,117 | ||||||
| ||||||||
Health Care 23.7% (14.8% of Total Investments) | ||||||||
2,000 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, | 2/13 at 100.00 | A | 1,997,260 | ||||
Lutheran Medical Center, Series 2003, 5.000%, 8/01/31 MBIA Insured | ||||||||
3,000 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St. | 8/12 at 100.00 | BBB | 2,995,950 | ||||
Barnabas Hospital, Series 2002A, 5.000%, 2/01/31 AMBAC Insured | ||||||||
345 | Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson | 8/17 at 100.00 | AAA | 350,040 | ||||
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 FSA Insured | ||||||||
1,000 | Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical | 2/15 at 100.00 | A | 1,007,710 | ||||
Center, Series 2005, 5.000%, 2/01/22 FGIC Insured | ||||||||
255 | Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series | 7/17 at 100.00 | AAA | 254,059 | ||||
2007B, 5.125%, 7/01/37 AGC Insured | ||||||||
25 | Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer | 7/13 at 100.00 | AA | 25,568 | ||||
Center, Series 2003-1, 5.000%, 7/01/21 MBIA Insured | ||||||||
810 | Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian | 8/14 at 100.00 | AAA | 855,692 | ||||
Hospital, Series 2004A, 5.250%, 8/15/15 FSA Insured | ||||||||
750 | Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities | 7/13 at 100.00 | Baa1 | 681,728 | ||||
Hospital, Series 2003B, 5.500%, 7/01/23 | ||||||||
305 | Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian | 8/14 at 100.00 | AAA | 300,086 | ||||
Hospital Project, Series 2007, 5.000%, 8/15/36 FSA Insured | ||||||||
500 | New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series | 2/12 at 100.00 | AAA | 523,890 | ||||
2002A, 5.500%, 2/15/17 FSA Insured | ||||||||
2,640 | New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series | 2/13 at 100.00 | A+ | 2,680,181 | ||||
2003A, 5.250%, 2/15/21 AMBAC Insured | ||||||||
| ||||||||
11,630 | Total Health Care | 11,672,164 | ||||||
| ||||||||
Long-Term Care 0.6% (0.4% of Total Investments) | ||||||||
300 | Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of | 2/17 at 103.00 | A | 289,083 | ||||
Westchester Project, Series 2006, 5.200%, 2/15/41 | ||||||||
| ||||||||
Tax Obligation/General 11.0% (6.9% of Total Investments) | ||||||||
2,055 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, | 2/17 at 100.00 | A | 1,763,149 | ||||
2/15/47 FGIC Insured | ||||||||
1,000 | Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%, | 10/19 at 100.00 | AAA | 1,011,120 | ||||
10/01/29 (WI/DD, Settling 7/21/09) AGC Insured | ||||||||
2,155 | New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25 | 8/09 at 100.50 | AA | 2,161,874 | ||||
MBIA Insured | ||||||||
225 | New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 | 8/15 at 100.00 | AAA | 242,672 | ||||
FSA Insured | ||||||||
250 | New York City, New York, General Obligation Bonds, Series 2004E, 5.000%, 11/01/19 | 11/14 at 100.00 | AAA | 259,798 | ||||
FSA Insured (UB) | ||||||||
| ||||||||
5,685 | Total Tax Obligation/General | 5,438,613 | ||||||
| ||||||||
Tax Obligation/Limited 50.1% (31.3% of Total Investments) | ||||||||
2,695 | Buffalo Fiscal Stability Authority, New York, Sales Tax Revenue State Aid Secured Bonds, | No Opt. Call | Aa2 | 2,982,314 | ||||
Series 2004A, 5.250%, 8/15/12 MBIA Insured | ||||||||
1,000 | Dormitory Authority of the State of New York, Master Lease Program Revenue Bonds, Nassau | 8/19 at 100.00 | AAA | 1,003,100 | ||||
County Board of Cooperative Educational Services, Series 2009A, 5.000%, 8/15/28 (WI/DD, | ||||||||
Settling 7/09/09) AGC Insured | ||||||||
3,000 | Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing | 10/12 at 100.00 | A+ | 2,987,850 | ||||
Program, Series 2002D, 5.250%, 10/01/23 MBIA Insured | ||||||||
1,000 | Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing | 10/19 at 100.00 | AAA | 1,032,550 | ||||
Program, Series 2009A, 5.625%, 10/01/29 AGC Insured | ||||||||
340 | Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo | 5/18 at 100.00 | AAA | 353,331 | ||||
City School District, Series 2008A, 5.750%, 5/01/27 FSA Insured (UB) | ||||||||
1,085 | Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo | 5/17 at 100.00 | AAA | 1,118,700 | ||||
City School District, Series 2007A, 5.750%, 5/01/28 FSA Insured (UB) | ||||||||
1,000 | Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, | 7/12 at 100.00 | AA | 1,002,210 | ||||
Series 2002A, 5.000%, 7/01/25 FGIC Insured | ||||||||
560 | Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003, | 1/13 at 102.00 | BBB | 371,599 | ||||
5.500%, 1/01/34 | ||||||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local | ||||||||
Government Assistance Corporation, Series 2004A: | ||||||||
610 | 5.000%, 10/15/25 NPFG Insured (UB) | 10/14 at 100.00 | AAA | 633,546 | ||||
555 | 5.000%, 10/15/26 NPFG Insured (UB) | 10/14 at 100.00 | AAA | 574,242 | ||||
740 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal | 1/17 at 100.00 | AA | 733,806 | ||||
Series 2007S-2, 5.000%, 1/15/28 FGIC Insured | ||||||||
3,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal | 8/12 at 100.00 | AAA | 3,183,810 | ||||
Series 2003C, 5.250%, 8/01/18 AMBAC Insured | ||||||||
2,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, | 2/13 at 100.00 | AAA | 2,059,120 | ||||
Fiscal Series 2003D, 5.000%, 2/01/22 MBIA Insured | ||||||||
305 | New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option | 11/15 at 100.00 | AAA | 306,778 | ||||
Bond Trust 3126, 12.203%, 11/15/44 AMBAC Insured (IF) | ||||||||
1,290 | New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds, | 1/13 at 100.00 | AAA | 1,327,100 | ||||
Series 2002A, 5.000%, 1/01/23 FGIC Insured | ||||||||
950 | New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series | No Opt. Call | AA | 1,063,601 | ||||
2005B, 5.500%, 4/01/20 AMBAC Insured | ||||||||
1,200 | New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and | 6/13 at 100.00 | AA | 1,213,608 | ||||
State Contingency Contract-Backed Bonds, Series 2003A-1, 5.250%, 6/01/20 AMBAC Insured | ||||||||
750 | New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and | 6/13 at 100.00 | AA | 762,285 | ||||
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21 | ||||||||
1,860 | New York State Urban Development Corporation, Service Contract Revenue Bonds, Correctional and | No Opt. Call | AA | 1,944,890 | ||||
Youth Facilities, Series 2002A, 5.500%, 1/01/17 (Mandatory put 1/01/11) | ||||||||
| ||||||||
23,940 | Total Tax Obligation/Limited | 24,654,440 | ||||||
| ||||||||
Transportation 6.7% (4.2% of Total Investments) | ||||||||
1,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, | 11/12 at 100.00 | A | 1,003,940 | ||||
Series 2002A, 5.000%, 11/15/25 FGIC Insured | ||||||||
1,875 | New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 | 1/15 at 100.00 | A+ | 1,956,431 | ||||
AMBAC Insured | ||||||||
140 | New York State Thruway Authority, General Revenue Bonds, Series 2007H, 5.000%, 1/01/25 | 1/18 at 100.00 | A+ | 143,508 | ||||
FGIC Insured | ||||||||
170 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty | 8/17 at 100.00 | AAA | 175,518 | ||||
Eighth Series 2008, Trust 2920, 18.167%, 8/15/32 FSA Insured (IF) | ||||||||
| ||||||||
3,185 | Total Transportation | 3,279,397 | ||||||
| ||||||||
U.S. Guaranteed 22.4% (14.0% of Total Investments) (4) | ||||||||
1,185 | Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds, | 2/13 at 102.00 | Aaa | 1,356,280 | ||||
Shorefront Jewish Geriatric Center Inc., Series 2002, 5.200%, 2/01/32 (Pre-refunded 2/01/13) | ||||||||
145 | Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health | 8/09 at 101.00 | AAA | 147,321 | ||||
Services Facilities, Series 1999D, 5.250%, 2/15/29 (Pre-refunded 8/15/09) FSA Insured | ||||||||
500 | Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish | 5/13 at 100.00 | Aaa | 568,985 | ||||
Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13) | ||||||||
100 | Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 | No Opt. Call | BBB (4) | 113,104 | ||||
AMBAC Insured (ETM) | ||||||||
3,500 | New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002B, 5.000%, | 4/12 at 100.00 | AAA | 3,868,550 | ||||
4/01/20 (Pre-refunded 4/01/12) AMBAC Insured | ||||||||
500 | New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State | 3/13 at 100.00 | AAA | 569,810 | ||||
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) FGIC Insured | ||||||||
2,000 | Power Authority of the State of New York, General Revenue Bonds, Series 2002A, 5.000%, | 11/12 at 100.00 | Aa2 (4) | 2,249,540 | ||||
11/15/20 (Pre-refunded 11/15/12) | ||||||||
1,975 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 2002A, | 1/12 at 100.00 | AAA | 2,169,419 | ||||
5.125%, 1/01/31 (Pre-refunded 1/01/12) MBIA Insured | ||||||||
| ||||||||
9,905 | Total U.S. Guaranteed | 11,043,009 | ||||||
| ||||||||
Utilities 4.6% (2.9% of Total Investments) | ||||||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A: | ||||||||
1,130 | 5.000%, 12/01/23 FGIC Insured | 6/16 at 100.00 | A | 1,136,520 | ||||
870 | 5.000%, 12/01/25 FGIC Insured | 6/16 at 100.00 | A | 872,993 | ||||
125 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, | 6/16 at 100.00 | A | 119,014 | ||||
5.000%, 12/01/35 CIFG Insured | ||||||||
110 | Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, | 11/15 at 100.00 | Aa2 | 116,384 | ||||
11/15/19 FGIC Insured | ||||||||
| ||||||||
2,235 | Total Utilities | 2,244,911 | ||||||
| ||||||||
Water and Sewer 1.0% (0.6% of Total Investments) | ||||||||
495 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue | 6/16 at 100.00 | AAA | 493,539 | ||||
Bonds, Series 2006B, 5.000%, 6/15/36 NPFG Insured (UB) | ||||||||
| ||||||||
$ 71,725 | Total Long-Term Municipal Bonds (cost $72,354,541) 146.9% (91.9% of Total Investments) | 72,313,794 | ||||||
|
| |||||||
Short-Term Investments 12.9% (8.1% of Total Investments) | ||||||||
$ 6,365 | State Street Bank Euro Dollar Time Deposit, 0.010%, 7/01/09 | N/A | N/A | 6,364,918 | ||||
|
| |||||||
Total Short-Term Investments (cost $6,364,918) | 6,364,918 | |||||||
| ||||||||
Total Investments (cost $78,719,459) 159.8% | 78,678,712 | |||||||
| ||||||||
Floating Rate Obligations (4.9)% | (2,390,000) | |||||||
| ||||||||
Other Assets Less Liabilities (0.1)% | (41,720) | |||||||
| ||||||||
Auction Rate Preferred Shares, at Liquidation Value (54.8)% (5) | (27,000,000) | |||||||
| ||||||||
Net Assets Applicable to Common Shares 100% | $ | 49,246,992 | ||||||
|
Fair Value Measurements
During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) Fair Value Measurements. SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure about fair value measurements. In determining the value of the Funds 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 managements assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Funds fair value measurements as of June 30, 2009:
Level 1 | Level 2 | Level 3 | Total | |||||
| ||||||||
Investments: | ||||||||
Municipal Bonds | $ | $72,313,794 | $ | $72,313,794 | ||||
Short-Term Investments | 6,364,918 | | | 6,364,918 | ||||
| ||||||||
Total | $6,364,918 | $72,313,794 | $ | $78,678,712 | ||||
|
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 taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), if any. 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 June 30, 2009, the cost of investments was $76,321,783.
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2009, were as follows:
| ||
Gross unrealized: | ||
Appreciation | $ 1,725,088 | |
Depreciation | (1,763,444) | |
| ||
Net unrealized appreciation (depreciation) of investments | $ (38,356) | |
|
At least 80% of the Funds net assets (including net assets attributable to Auction Rate Preferred shares) | ||
are invested in municipal securities that guarantee the timely payment of principal and interest. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to Common | |
shares unless otherwise noted. | ||
(2) | 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. Certain mortgage-backed securities | ||
may be subject to periodic principal paydowns. | ||
(3) | Ratings: Using the higher of Standard & Poors Group (Standard & Poors) or Moodys Investor Service, | |
Inc. (Moodys) rating. Ratings below BBB by Standard & Poors or Baa by Moodys are considered to be | ||
below investment grade. | ||
The Portfolio of Investments may reflect the ratings on certain bonds whose insurer has experienced | ||
downgrades as of the end of the reporting period. Subsequent to the reporting period, and during | ||
the period this Portfolio of Investments was prepared, there may have been reductions to the ratings | ||
of certain bonds resulting from changes to the ratings of the underlying insurers both during the | ||
period and after period end. Such reductions would likely reduce the effective rating of many of the | ||
bonds insured by that insurer or insurers presented at period end. | ||
(4) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities | |
which ensure the timely payment of principal and interest. Such investments are normally considered to | ||
be equivalent to AAA rated securities. | ||
(5) | Auction Rate Preferred Shares, at Liquidation Value as a percentage of Total Investments is 34.3%. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. | |
N/A | Not applicable. | |
(ETM) | Escrowed to maturity. | |
(IF) | Inverse floating rate investment. | |
(UB) | Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the | |
provisions of SFAS No. 140. |
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: See 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 New York Tax-Free Advantage Municipal Fund
By (Signature and Title)
/s/ Kevin J.
McCarthy
Kevin
J.
McCarthy
Vice President and Secretary
Date August 28, 2009
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 August 28, 2009
By (Signature and Title)
/s/ Stephen D.
Foy
Stephen
D.
Foy
Vice President and Controller (principal financial officer)
Date August 28, 2009