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 811-09457
 
Nuveen Pennsylvania Dividend 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:             4/30          
 
Date of reporting period:          7/31/12         
 
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 Pennsylvania Dividend Advantage Municipal Fund (NXM)  
     
   
               July 31, 2012  
     
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 2.4% (1.7% of Total Investments)  
     
$      1,000  
 
Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds,  
No Opt. Call  
AA–  
$    1,268,009  
   
Procter & Gamble Paper Project, Series 2001, 5.375%, 3/01/31 (Alternative Minimum Tax)  
     
   
Education and Civic Organizations – 21.9% (15.9% of Total Investments)  
     
100  
 
Allegheny County Higher Education Building Authority, Pennsylvania, College Revenue Refunding  
No Opt. Call  
Baa3  
116,170  
   
Bonds, Robert Morris College, Series 1998A, 6.000%, 5/01/28  
     
235  
 
Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert  
2/16 at 100.00  
Baa3  
237,280  
   
Morris University, Series 2006A, 4.750%, 2/15/26  
     
700  
 
Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds,  
10/15 at 102.00  
N/R  
723,583  
   
Immaculata University, Series 2005, 5.500%, 10/15/25  
     
720  
 
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School  
12/17 at 100.00  
BBB–  
750,089  
   
Revenue Bonds, Series 2007A, 6.375%, 12/15/37  
     
300  
 
Delaware County Authority, Pennsylvania, General Revenue Bonds, Eastern Univsersity, Series  
10/16 at 100.00  
N/R  
288,798  
   
2006, 4.500%, 10/01/27 – RAAI Insured  
     
   
Delaware County Authority, Pennsylvania, Revenue Bonds, Villanova University, Series 2006:  
     
295  
 
5.000%, 8/01/23 – AMBAC Insured  
8/16 at 100.00  
A+  
324,491  
145  
 
5.000%, 8/01/24 – AMBAC Insured  
8/16 at 100.00  
A+  
158,845  
160  
 
Erie Higher Education Building Authority, Pennsylvania, College Revenue Bonds, Gannon University,  
5/17 at 100.00  
N/R  
162,214  
   
Series 2007-GG3, 5.000%, 5/01/32 – RAAI Insured  
     
200  
 
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Arcadia  
4/20 at 100.00  
BBB+  
219,672  
   
University, Series 2010, 5.625%, 4/01/40  
     
1,000  
 
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, Hill School,  
8/15 at 100.00  
A1  
1,068,440  
   
Series 2005, 5.000%, 8/15/27 – NPFG Insured  
     
75  
 
New Wilmington, Pennsylvania, Revenue, Westminster College, Series 2007G, 5.125%, 5/01/33 –  
5/17 at 100.00  
N/R  
77,174  
   
RAAI Insured  
     
500  
 
Pennsylvania Higher Educational Facilities Authority, General Revenue Bonds, State System of  
No Opt. Call  
Aa2  
626,225  
   
Higher Education, Refunding Series 2012AN, 5.000%, 6/15/21  
     
900  
 
Pennsylvania Higher Educational Facilities Authority, General Revenue Bonds, State System of  
6/18 at 100.00  
Aa2  
1,015,074  
   
Higher Education, Series 2008AH, 5.000%, 6/15/33  
     
500  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing Program-  
11/21 at 100.00  
A–  
538,915  
   
Mount Aloysius College Project, Series 2011R-1, 5.000%, 11/01/35  
     
220  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Allegheny College, Series  
5/16 at 100.00  
A–  
230,166  
   
2006, 4.750%, 5/01/31  
     
540  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Drexel University, Series  
11/17 at 100.00  
A  
581,866  
   
2007A, 5.000%, 5/01/37 – NPFG Insured  
     
400  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Gwynedd Mercy College,  
No Opt. Call  
BBB–  
417,712  
   
Series 2012-KK1, 5.375%, 5/01/42  
     
700  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Temple University, First  
4/16 at 100.00  
Aa3  
795,207  
   
Series of 2006, 5.000%, 4/01/21 – NPFG Insured  
     
350  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University,  
1/13 at 100.00  
A1  
356,832  
   
Series 2002, 5.500%, 1/01/16  
     
1,000  
 
Pennsylvania State University, General Revenue Bonds, Series 2010, 5.000%, 3/01/35  
3/20 at 100.00  
Aa1  
1,124,980  
470  
 
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Leadership  
1/13 at 102.00  
N/R  
338,597  
   
Learning Partners, Series 2005A, 5.375%, 7/01/36  
     
110  
 
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, MaST Charter  
8/20 at 100.00  
BBB+  
124,333  
   
School Project, Series 2010, 6.000%, 8/01/35  
     
230  
 
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Richard Allen  
5/16 at 100.00  
BBB–  
234,736  
   
Preparatory Charter School, Series 2006, 6.250%, 5/01/33  
     
750  
 
State Public School Building Authority, Pennsylvania, College Revenue Bonds, Northampton  
3/21 at 100.00  
A1  
870,308  
   
County Area Community College, Series 2011, 5.500%, 3/01/31  
     
150  
 
Wilkes-Barre Finance Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2010,  
11/20 at 100.00  
A  
166,052  
   
5.000%, 11/01/40  
     
10,750  
 
Total Education and Civic Organizations  
   
11,547,759  
   
Health Care – 25.9% (18.8% of Total Investments)  
     
550  
 
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Ohio Valley  
4/15 at 100.00  
Ba2  
523,419  
   
General Hospital, Series 2005A, 5.125%, 4/01/35  
     
455  
 
Allentown Area Hospital Authority, Pennsylvania, Revenue Bonds, Sacred Heart Hospital, Series  
No Opt. Call  
N/R  
462,849  
   
2005, 6.000%, 11/15/16  
     
700  
 
Beaver County Hospital Authority, Pennsylvania, Revenue Bonds, Heritage Valley Health System,  
5/21 at 100.00  
AA–  
792,106  
   
Inc., Series 2012, 5.000%, 5/15/27  
     
765  
 
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital and Medical  
5/22 at 100.00  
AA  
843,435  
   
Center Project, Series 2012A, 5.000%, 11/01/44  
     
445  
 
Central Bradford Progress Authority, Pennsylvania, Revenue Bonds, Guthrie Health, Series 2011,  
12/21 at 100.00  
AA–  
507,692  
   
5.375%, 12/01/41  
     
175  
 
Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health  
6/22 at 100.00  
A  
189,030  
   
System Project, Series 2012, 5.000%, 6/01/42 (WI/DD, Settling 8/07/12)  
     
200  
 
Erie County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Saint Vincent Health Center  
7/20 at 100.00  
Ba2  
219,976  
   
Project, Series 2010A, 7.000%, 7/01/27  
     
80  
 
Erie County Hospital Authority, Pennsylvania, Revenue Bonds, Hamot Health Foundation, Series  
11/17 at 100.00  
Aa3  
85,488  
   
2007, 5.000%, 11/01/37 – CIFG Insured  
     
835  
 
Franklin County Industrial Development Authority, Pennsylvania, Revenue Bonds, Chambersburg  
7/20 at 100.00  
A+  
904,272  
   
Hospital Project, Series 2010, 5.375%, 7/01/42  
     
230  
 
Fulton County, Pennsylvania, Industrial Development Authority Hospital Revenue Bonds, Fulton  
7/16 at 100.00  
N/R  
234,292  
   
County Medical Center Project, Series 2006, 5.900%, 7/01/40  
     
400  
 
Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster  
1/22 at 100.00  
AA–  
516,484  
   
General Hospital Project, Tender Option Bond 4234, 13.500%, 7/01/36 (IF)  
     
600  
 
Lebanon County Health Facilities Authority, Pennsylvania, Revenue Bonds, Good Samaritan  
11/12 at 101.00  
BB+  
607,836  
   
Hospital Project, Series 2002, 5.900%, 11/15/28  
     
650  
 
Lehigh County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley  
7/18 at 100.00  
AA–  
698,263  
   
Health Network, Series 2008A, 5.000%, 7/01/33 – AGM Insured  
     
250  
 
Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group,  
11/14 at 100.00  
A  
259,625  
   
Series 2004A, 5.500%, 11/01/24  
     
1,025  
 
Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group,  
11/17 at 100.00  
AA–  
1,099,374  
   
Series 2007, 5.000%, 11/01/37 – AGC Insured  
     
700  
 
Lycoming County Athority, Pennsylvania, Health System Revenue Bonds, Susquehanna Health  
7/19 at 100.00  
A–  
770,469  
   
System Project, Series 2009, 5.750%, 7/01/39  
     
   
Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center,  
     
   
Series 2012A:  
     
75  
 
4.000%, 1/01/25  
1/22 at 100.00  
A  
77,285  
170  
 
5.000%, 1/01/41  
1/22 at 100.00  
A  
180,958  
140  
 
Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center,  
1/17 at 100.00  
A  
145,194  
   
Series 2007, 5.125%, 1/01/37  
     
330  
 
Montgomery County Higher Education and Health Authority, Pennsylvania, Hospital Revenue Bonds,  
6/22 at 100.00  
A  
374,246  
   
Abington Memorial Hospital Obligated Group, Series 2012, 5.000%, 6/01/31 (WI/DD,  
     
   
Settling 8/02/12)  
     
165  
 
Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage  
8/20 at 100.00  
AA  
189,839  
   
Revenue Bonds, New Regional Medical Center Project, Series 2010, 5.375%, 8/01/38  
     
310  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania  
8/22 at 100.00  
AA–  
344,770  
   
Health System, Series 2012A, 5.000%, 8/15/42  
     
400  
 
Philadelphia Hospitals and Higher Education Facilities Authoirty, Pennsylvania, Hospital Revenue  
7/22 at 100.00  
BBB–  
419,180  
   
Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42  
     
1,495  
 
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System  
5/20 at 100.00  
AA  
1,640,776  
   
Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40  
     
230  
 
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue  
No Opt. Call  
AA  
306,059  
   
Bonds, Children’s Hospital of Philadelphia, Tender Option Bond Trust 3975, 13.490%, 7/01/19 (IF)  
     
25  
 
Pottsville Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pottsville Hospital and  
1/13 at 100.00  
N/R  
25,002  
   
Warne Clinic, Series 1998, 5.625%, 7/01/24  
     
625  
 
West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy  
1/21 at 100.00  
BBB+  
737,906  
   
Spirit Hospital of the Sisters of Christian Charity Project, Series 2011, 6.500%, 1/01/36  
     
420  
 
West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy  
1/22 at 100.00  
BBB+  
475,247  
   
Spirit Hospital of the Sisters of Christian Charity, Series 2011B, 5.750%, 1/01/41  
     
12,445  
 
Total Health Care  
   
13,631,072  
   
Housing/Multifamily – 2.6% (1.9% of Total Investments)  
     
150  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University  
7/20 at 100.00  
BBB–  
168,557  
   
Foundation Student Housing Project, Series 2010, 6.000%, 7/01/43  
     
350  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for Student  
7/22 at 100.00  
BBB+  
375,886  
   
Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/32  
     
700  
 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Slippery Rock University  
7/15 at 100.00  
BBB+  
712,117  
   
Foundation Inc., Student Housing Project, Series 2005A, 5.000%, 7/01/37 – SYNCORA  
     
   
GTY Insured  
     
100  
 
Philadelphia Authority for Industrial Development, Pennsylvania, Multifamily Housing Revenue  
5/15 at 102.00  
Baa3  
100,698  
   
Bonds, Presbyterian Homes Germantown – Morrisville Project, Series 2005A, 5.625%, 7/01/35  
     
1,300  
 
Total Housing/Multifamily  
   
1,357,258  
   
Housing/Single Family – 5.5% (4.0% of Total Investments)  
     
175  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006-93A,  
4/15 at 100.00  
AA+  
180,848  
   
4.950%, 10/01/26 (Alternative Minimum Tax) (UB)  
     
345  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2007-98A,  
10/16 at 100.00  
AA+  
357,222  
   
4.850%, 10/01/31 (Alternative Minimum Tax) (UB)  
     
550  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006-94A,  
10/15 at 100.00  
AA+  
566,214  
   
5.150%, 10/01/37 (Alternative Minimum Tax) (UB)  
     
475  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006-95A,  
10/15 at 100.00  
AA+  
484,381  
   
4.900%, 10/01/37 (Alternative Minimum Tax) (UB)  
     
400  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2011-112,  
10/20 at 100.00  
AA+  
449,992  
   
5.000%, 10/01/25  
     
665  
 
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Tender Option  
4/21 at 100.00  
AA+  
833,265  
   
Bonds Trust 3950, 12.481%, 4/01/27 (IF)  
     
2,610  
 
Total Housing/Single Family  
   
2,871,922  
   
Industrials – 0.6% (0.5% of Total Investments)  
     
290  
 
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding  
11/22 at 100.00  
A1  
325,534  
   
Bonds, Amtrak Project, Series 2012A, 5.000%, 11/01/27 (Alternative Minimum Tax)  
     
   
Long-Term Care – 15.2% (11.1% of Total Investments)  
     
   
Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, Lutheran Community  
     
   
at Telford Center, Series 2007:  
     
220  
 
5.750%, 1/01/27  
1/17 at 100.00  
N/R  
225,188  
360  
 
5.750%, 1/01/37  
1/17 at 100.00  
N/R  
363,467  
1,000  
 
Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social  
1/19 at 100.00  
BBB+  
1,090,660  
   
Ministries Project, Series 2009, 6.375%, 1/01/39  
     
220  
 
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social  
1/17 at 100.00  
BBB+  
222,334  
   
Ministries, Series 2007, 5.000%, 1/01/36  
     
230  
 
Delaware County Authority, Pennsylvania, Revenue Bonds, Elwyn, Inc. Project, Series 2010,  
6/17 at 100.00  
BBB  
240,417  
   
5.000%, 6/01/21  
     
200  
 
Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Masonic Homes  
11/16 at 100.00  
A  
208,250  
   
Project, Series 2006, 5.000%, 11/01/36  
     
185  
 
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Brethren Village Project, Series  
7/17 at 100.00  
N/R  
199,227  
   
2008A, 6.375%, 7/01/30  
     
785  
 
Lebanon County Health Facilities Authority, Pennsylvania, Health Center Revenue Bonds, Pleasant  
12/14 at 100.00  
N/R  
796,571  
   
View Retirement Community, Series 2005A, 5.300%, 12/15/26  
     
190  
 
Montgomery Count Inudustrial Development Authority, Pennsylvania, Revenue Refunding Bonds,  
5/22 at 100.00  
A–  
208,890  
   
ACTS Retirement-Life Communities, Inc. , Series 2012, 5.000%, 11/15/26  
     
   
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Northwestern Human  
     
   
Services Inc., Series 1998A:  
     
855  
 
5.250%, 6/01/14  
10/12 at 100.00  
BB  
855,898  
50  
 
5.125%, 6/01/18  
10/12 at 100.00  
BB  
50,017  
   
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Philadelphia  
     
   
Corporation for the Aging Project, Series 2001B:  
     
670  
 
5.250%, 7/01/23 – AMBAC Insured  
7/13 at 100.00  
Baa1  
674,221  
2,875  
 
5.250%, 7/01/31 – AMBAC Insured  
1/13 at 100.50  
Baa1  
2,891,358  
7,840  
 
Total Long-Term Care  
   
8,026,498  
   
Materials – 2.5% (1.8% of Total Investments)  
     
350  
 
Allegheny County Industrial Development Authority, Pennsylvania, Revenue Bonds, United States  
No Opt. Call  
BB  
358,344  
   
Steel Corporation, Series 2005, 5.500%, 11/01/16  
     
210  
 
Bradford County Industrial Development Authority, Pennsylvania, Solid Waste Disposal Revenue  
12/15 at 100.00  
BBB  
225,786  
   
Bonds, International Paper Company, Series 2005B, 5.200%, 12/01/19 (Alternative Minimum Tax)  
     
750  
 
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds,  
11/12 at 100.00  
N/R  
731,438  
   
National Gypsum Company, Series 1997B, 6.125%, 11/01/27 (Alternative Minimum Tax)  
     
1,310  
 
Total Materials  
   
1,315,568  
   
Tax Obligation/General – 22.2% (16.2% of Total Investments)  
     
500  
 
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65, 5.375%, 5/01/31  
5/21 at 100.00  
A+  
557,535  
1,965  
 
Gateway School District, Allegheny County, Pennsylvania, General Obligation Bonds, Refunding  
10/22 at 100.00  
A1  
2,054,642  
   
Series 2012, 4.000%, 10/15/32  
     
500  
 
Heidelberg, Lebanon County, Pennsylvania, Guaranteed Sewer Revenue Bonds, Series 2011,  
12/16 at 100.00  
A  
528,115  
   
5.125%, 12/01/46  
     
1,000  
 
Luzerne County, Pennsylvania, General Obligation Bonds, Series 2008B, 5.000%, 12/15/27 –  
6/18 at 100.00  
AA–  
1,047,350  
   
AGM Insured  
     
375  
 
Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2007A, 5.000%,  
No Opt. Call  
AA  
451,031  
   
6/01/34 – FGIC Insured  
     
840  
 
Pine-Richland School District, Pennsylvania, General Obligation Bonds, School Improvement Series  
7/15 at 100.00  
AA–  
878,800  
   
2005, 5.000%, 7/15/35 – AGM Insured  
     
3,000  
 
Pittsburgh School District, Allegheny County, Pennsylvania, General Obligation Refunding Bonds,  
No Opt. Call  
AA–  
3,284,697  
   
Series 2002A, 5.500%, 9/01/14 – AGM Insured  
     
480  
 
Pittsburgh, Pennsylvania, General Obligation Bonds, Series 2012B, 5.000%, 9/01/26  
9/22 at 100.00  
A1  
553,858  
505  
 
Radnor Township, Pennsylvania, General Obligation Bonds, Series 2012, 4.000%, 11/01/37  
11/22 at 100.00  
Aa1  
529,457  
2,220  
 
Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2003B,  
No Opt. Call  
A  
1,015,250  
   
0.000%, 1/15/32 – FGIC Insured  
     
160  
 
Scranton Parking Authority, Pennsylvania, Guaranteed Parking Revenue Bonds, Series 2004,  
9/13 at 100.00  
BBB  
152,760  
   
5.000%, 9/15/33 – FGIC Insured  
     
600  
 
York County, Pennsylvania, General Obligation Bonds, Series 2006, 5.000%, 6/01/33 –  
12/15 at 100.00  
AA  
662,736  
   
NPFG Insured  
     
12,145  
 
Total Tax Obligation/General  
   
11,716,231  
   
Tax Obligation/Limited – 11.9% (8.6% of Total Investments)  
     
1,000  
 
Allegheny County Redevelopment Authority, Pennsylvania, TIF Revenue Bonds, Pittsburg Mills  
7/15 at 101.00  
N/R  
1,032,170  
   
Project, Series 2004, 5.600%, 7/01/23  
     
450  
 
Erie County Convention Center Authority, Pennsylvania, Convention Center Revenue Bonds, Series  
1/15 at 100.00  
AA–  
483,480  
   
2005, 5.000%, 1/15/36 – FGIC Insured  
     
425  
 
Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Senior Lien Series 2003A,  
12/18 at 100.00  
AA  
471,997  
   
5.000%, 12/01/32 – NPFG Insured  
     
1,000  
 
Pennsylvania Turnpike Commission, Registration Fee Revenue Bonds, Series 2005A, 5.250%,  
No Opt. Call  
AA–  
1,222,510  
   
7/15/18 – AGM Insured  
     
1,000  
 
Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B, 5.250%,  
11/13 at 100.00  
AA–  
1,057,790  
   
11/15/17 – AGM Insured  
     
610  
 
Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room Excise  
8/22 at 100.00  
AA–  
709,686  
   
Tax Revenue Bonds, Refunding Series 2012, 5.000%, 2/01/26 – AGC Insured  
     
750  
 
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N,  
No Opt. Call  
Baa1  
829,470  
   
5.250%, 7/01/33 – NPFG Insured  
     
630  
 
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,  
No Opt. Call  
BBB+  
206,123  
   
0.000%, 7/01/32 – FGIC Insured  
     
240  
 
Washington County Redevelopment Authority, Pennsylvania, Tanger Outlet Victory Center Tax  
7/17 at 100.00  
N/R  
246,115  
   
Increment Bonds, Series 2006A, 5.450%, 7/01/35  
     
6,105  
 
Total Tax Obligation/Limited  
   
6,259,341  
   
Transportation – 10.4% (7.5% of Total Investments)  
     
130  
 
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Revenue Bonds,  
7/13 at 100.00  
A2  
135,309  
   
Series 2003, 5.250%, 7/01/17  
     
680  
 
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E,  
1/20 at 100.00  
A–  
748,666  
   
5.000%, 1/01/40  
     
1,000  
 
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Amtrak 30th Street  
6/14 at 100.00  
BBB+  
1,019,630  
   
Station Parking Garage, Series 2002, 5.875%, 6/01/33 – ACA Insured (Alternative Minimum Tax)  
     
   
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue  
     
   
Bonds, Series 2010A:  
     
880  
 
0.000%, 12/01/34  
12/20 at 100.00  
AA  
828,414  
250  
 
5.000%, 12/01/38  
12/19 at 100.00  
AA  
277,213  
680  
 
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue  
12/21 at 100.00  
AA  
786,073  
   
Bonds, Series 2012A, 5.000%, 12/01/31  
     
420  
 
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2006A, 5.000%, 12/01/24 –  
6/16 at 100.00  
Aa3  
475,545  
   
AMBAC Insured  
     
150  
 
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Lien, Refunding Series  
12/19 at 100.00  
A–  
162,366  
   
2009B-1, 5.000%, 12/01/37  
     
1,000  
 
Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,  
6/26 at 100.00  
AA  
1,034,580  
   
6/01/33 – AGM Insured  
     
5,190  
 
Total Transportation  
   
5,467,796  
   
U.S. Guaranteed – 6.2% (4.5% of Total Investments) (4)  
     
1,000  
 
Cumberland County Municipal Authority, Pennsylvania, Retirement Community Revenue Bonds,  
1/13 at 101.00  
N/R (4)  
1,038,560  
   
Wesley Affiliated Services Inc., Series 2002A, 7.125%, 1/01/25 (Pre-refunded 1/01/13)  
     
800  
 
Hazleton Area School District, Luzerne County, Pennsylvania, General Obligation Bonds, Series  
9/14 at 100.00  
Aa3 (4)  
879,664  
   
2004, 5.125%, 3/01/28 (Pre-refunded 9/01/14) – AGM Insured  
     
300  
 
Pennsylvania, General Obligation Bonds, First Series 2006, 5.000%, 10/01/18  
10/16 at 100.00  
Aa1 (4)  
356,280  
   
(Pre-refunded 10/01/16)  
     
255  
 
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Franklin Towne  
1/17 at 100.00  
Baa1 (4)  
303,351  
   
Charter High School, Series 2006A, 5.250%, 1/01/27 (Pre-refunded 1/01/17)  
     
350  
 
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fourth Series 1998,  
8/13 at 100.00  
AA– (4)  
367,640  
   
5.250%, 8/01/18 (Pre-refunded 8/01/13) – AGM Insured  
     
120  
 
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20 –  
No Opt. Call  
BBB (4)  
150,062  
   
NPFG Insured (ETM)  
     
170  
 
St. Mary Hospital Authority, Pennsylvania, Health System Revenue Bonds, Catholic Health East,  
11/14 at 100.00  
A+ (4)  
188,919  
   
Series 2004B, 5.375%, 11/15/34 (Pre-refunded 11/15/14)  
     
2,995  
 
Total U.S. Guaranteed  
   
3,284,476  
   
Utilities – 3.4% (2.5% of Total Investments)  
     
500  
 
Allegheny County Industrial Development Authority, Pennsylvania, Pollution Control Revenue  
No Opt. Call  
BBB+  
518,275  
   
Refunding Bonds, Duquesne Light Company, Series 1999A, 4.350%, 12/01/13 – AMBAC Insured  
     
140  
 
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fifth Series 2004A-1,  
9/14 at 100.00  
AA–  
145,202  
   
5.000%, 9/01/26 – AGM Insured  
     
1,105  
 
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Seventh Series, 2007, 5.000%, 10/01/37 –  
10/17 at 100.00  
BBB+  
1,148,990  
   
AMBAC Insured  
     
1,745  
 
Total Utilities  
   
1,812,467  
   
Water and Sewer – 6.9% (5.0% of Total Investments)  
     
500  
 
Bethlehem Authority, Northampton and Lehigh Counties, Pennsylvania, Guaranteed Water Revenue  
11/14 at 100.00  
AA–  
527,335  
   
Bonds, Series 2004, 5.000%, 11/15/20 – AGM Insured  
     
375  
 
Bucks County Water and Sewer Authority, Pennsylvania, Revenue Bonds, Tender Option Bond Trust  
No Opt. Call  
AA–  
547,530  
   
4015, 13.220%, 12/01/19 (IF) (5)  
     
600  
 
Harrisburg Authority, Dauphin County, Pennsylvania, Water Revenue Refunding Bonds, Series 2004,  
7/14 at 100.00  
AA–  
604,416  
   
5.000%, 7/15/22 – AGM Insured  
     
400  
 
Luzerne County Industrial Development Authority, Pennsylvania, Water Facility Revenue Refunding  
12/19 at 100.00  
A  
449,816  
   
Bonds, Pennsylvania-American Water Company, Series 2009, 5.500%, 12/01/39  
     
100  
 
Pennsylvania Economic Development Financing Authority, Sewage Sludge Disposal Revenue Bonds,  
1/20 at 100.00  
BBB+  
111,796  
   
Philadelphia Biosolids Facility Project, Series 2009, 6.250%, 1/01/32  
     
500  
 
Pennsylvania Economic Development Financing Authority, Water Facilities Revenue Bonds, Aqua  
10/19 at 100.00  
AA–  
557,040  
   
Pennsylvania, Inc. Project, Series 2009A, 5.000%, 10/01/39  
     
750  
 
Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2011A, 5.000%, 1/01/41  
1/21 at 100.00  
A1  
840,970  
3,225  
 
Total Water and Sewer  
   
3,638,903  
$ 68,950  
 
Total Investments (cost $67,050,505) – 137.6%  
   
72,522,834  
   
Floating Rate Obligations – (1.7)%  
   
(915,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (44.0)% (6)  
   
(23,190,000)
   
Other Assets Less Liabilities – 8.1%  
   
4,270,344  
   
Net Assets Applicable to Common Shares – 100%  
   
$ 52,688,178  
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive 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:  
       
Municipal Bonds  
$ —  
$72,522,834  
$ —  
$72,522,834  
 
 
The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.
 
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
 
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.
 
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 securities reflected as financing transactions, 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 July 31, 2012, the cost of investments was $66,316,389.
 
Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:
 
   
Gross unrealized:  
 
Appreciation  
$5,785,705  
Depreciation  
(494,184)
Net unrealized appreciation (depreciation) of investments  
$5,291,521  
 
 
     
(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 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.  
(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. Certain bonds backed by U.S. Government or  
   
agency securities are regarded as having an implied rating equal to the rating of such securities.  
(5)  
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for  
   
investments in inverse floating rate transactions.  
(6)  
 
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 32.0%.  
N/R  
 
Not rated.  
WI/DD  
 
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.  
(ETM)  
 
Escrowed to maturity.  
(IF)  
 
Inverse floating rate investment.  
(UB)  
 
Underlying bond of an inverse floating rate trust reflected as a financing transaction.  
 
 
 
 

 
 
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: See 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 Pennsylvania Dividend Advantage Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          September 28, 2012        
 
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:          September 28, 2012        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          September 28, 2012        
 

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