UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number   811-22058    

Nuveen Tax-Advantaged Dividend Growth Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—Vice President and Secretary
     333 West Wacker Drive, Chicago, Illinois 60606     
(Name and address of agent for service)

Registrant’s telephone number, including area code:      312-917-7700     

Date of fiscal year end:        12/31      

Date of reporting period:    9/30/2007   

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

Nuveen Tax-Advantaged Dividend Growth Fund (JTD)
September 30, 2007

Shares				Description (1)										Value
				Common Stocks – 83.2% (72.3% of Total Investments)
				Aerospace & Defense – 2.3%
	101,858			Raytheon Company										$	6,500,578
				Air Freight & Logistics – 1.4%
	52,570			United Parcel Service, Inc., Class B											3,948,007
				Beverages – 2.1%
	104,090			Coca-Cola Company											5,982,052
				Chemicals – 1.3%
	75,995			E.I. Du Pont de Nemours and Company											3,766,312
				Commercial Banks – 11.0%
	113,813			Bank of America Corporation											5,721,380
	26,615			BB&T Corporation											1,074,980
	105,203			Cullen/Frost Bankers, Inc.											5,272,774
	64,680			Fifth Third Bancorp.											2,191,358
	86,085			Lloyds TSB Group PLC, Sponsored ADR											3,827,339
	34,711			Regions Financial Corporation											1,023,280
	169,804			U.S. Bancorp											5,523,724
	22,583			Wachovia Corporation											1,132,537
	148,450			Washington Mutual, Inc.											5,241,770
				Total Commercial Banks											31,009,142
				Commercial Services & Supplies – 2.1%
	156,180			Waste Management, Inc.											5,894,233
				Communications Equipment – 2.6%
	195,325			Nokia Oyj, Sponsored ADR											7,408,677
				Diversified Financial Services – 1.8%
	110,176			Citigroup Inc.											5,141,914
				Diversified Telecommunication Services – 3.8%
	137,118			AT&T Inc.											5,801,463
	58,055			Telefonica SA											4,863,848
				Total Diversified Telecommunication Services											10,665,311
				Electric Utilities – 7.5%
	72,590			Enel SpA, Sponsored ADR											4,091,898
	76,127			Exelon Corporation											5,736,931
	95,329			FPL Group, Inc.											5,803,630
	117,615			PPL Corporation											5,445,575
				Total Electric Utilities											21,078,034
				Electrical Equipment – 2.3%
	120,846			Emerson Electric Co.											6,431,424
				Food Products – 0.3%
	31,986			Kraft Foods Inc.											1,103,837
				Health Care Equipment & Supplies – 2.2%
	75,985			Becton, Dickinson and Company											6,234,569
				Hotels, Restaurants & Leisure – 2.1%
	175,864			YUM! Brands, Inc.											5,949,479
				Household Products – 1.6%
	63,075			Procter & Gamble Company											4,436,696
				Industrial Conglomerates – 2.1%
	146,508			General Electric Company											6,065,431
				Insurance – 1.9%
	303,016			Fidelity National Title Group Inc., Class A											5,296,720
				IT Services – 2.0%
	138,083			Paychex, Inc.											5,661,403
				Machinery – 2.2%
	73,572			PACCAR Inc.											6,272,013
				Media – 2.1%
	377,488			Pearson Public Limited Company											5,835,964
				Metals & Mining – 2.4%
	54,837			Southern Copper Corporation											6,790,466
				Multi-Utilities – 1.3%
	44,660			Dominion Resources, Inc.											3,764,838
				Oil, Gas & Consumable Fuels – 6.9%
	16,153			BP Amoco PLC											1,120,211
	66,756			Chevron Corporation											6,247,026
	111,737			Equitable Resources Inc.											5,795,798
	76,418			Royal Dutch Shell PLC, Class A											6,280,031
				Total Oil, Gas & Consumable Fuels											19,443,066
				Pharmaceuticals – 6.0%
	116,454			Abbott Laboratories											6,244,263
	98,679			Eli Lilly and Company											5,617,795
	76,670			Merck & Co. Inc.											3,963,072
	44,697			Pfizer Inc.											1,091,948
				Total Pharmaceuticals											16,917,078
				Semiconductors & Equipment – 2.2%
	169,484			Microchip Technology Incorporated											6,155,659
				Specialty Retail – 1.1%
	97,935			Home Depot, Inc.											3,177,011
				Thrifts & Mortgage Finance – 4.5%
	434,173			Hudson City Bancorp, Inc.											6,677,581
	318,913			New York Community Bancorp, Inc.											6,075,293
				Total Thrifts & Mortgage Finance											12,752,874
				Tobacco – 4.1%
	80,374			Altria Group, Inc.											5,588,404
	71,894			Loews Corp – Carolina Group											5,911,844
				Total Tobacco											11,500,248
				Total Common Stocks (cost $229,990,907)											235,183,036
Shares				Description (1)				Coupon				Ratings (2)		Value
				$25 Par (or similar) Preferred Securities – 20.1% (17.5% of Total Investments)
				Capital Markets – 2.2%
	42,700			Bear Stearns Capital Trust III				7.800%				A2		$	1,075,186
	700			Bear Stearns Companies, Series E, (3)				6.150%				A-			33,425
	25,000			Deutsche Bank Capital Funding Trust IX				6.625%				Aa3			599,500
	75,000			Goldman Sachs Group Inc., (3)				6.200%				A			1,812,000
	45,000			Lehman Brothers Holdings Inc., Series F, (3)				6.500%				A-			1,116,000
	65,000			Merrill Lynch and Company, Inc., (3)				6.375%				A			1,558,700
				Total Capital Markets											6,194,811
				Commercial Banks – 5.6%
	1,300			BAC Capital Trust II				7.000%				Aa2			32,266
	2,400			BAC Capital Trust V				6.000%				Aa3			54,144
	75,000			Banco Santander Series 144A				6.800%				Aa3			1,741,410
	50,000			Banco Santander, 144A				6.500%				A			1,157,815
	800			Banco Santander				6.410%				Aa3			17,752
	50,400			Bank of America Corporation, Series D, (3)				6.204%				Aa3			1,239,840
	20,000			Bank of America Corporation, (3)				6.625%				Aa3			502,000
	50,000			Barclays Bank PLC				7.100%				Aa3			1,250,000
	52,300			Barclays Bank PLC				6.625%				Aa3			1,265,137
	23,200			Fleet Capital Trust VIII				7.200%				Aa2			581,856
	15,200			HSBC Holdings PLC, Series A				6.200%				A1			341,392
	55,200			HSBC USA Inc., (3)				6.500%				A			1,392,144
	75,000			National City Capital Trust IV				0.000%				A2			1,882,875
	50,000			Royal Bank of Scotland Group PLC				6.600%				Aa3			1,167,500
	50,000			Royal Bank of Scotland PLC, Series T				7.250%				Aa3			1,255,000
	54,700			USB Capital Trust XI				6.600%				A1			1,284,356
	2,500			Wells Fargo Capital Trust V				7.000%				Aa2			62,275
	31,400			Wells Fargo Capital Trust XI				6.250%				AA-			715,606
				Total Commercial Banks											15,943,368
				Computers & Peripherals – 0.0%
	100			IBM Trust V,Corporate Backed Trust Certificates				6.400%				A+			2,421
				Consumer Finance – 0.3%
	35,000			MBNA Corporation, Capital Trust D				8.125%				Aa2			878,500
				Diversified Financial Services – 3.3%
	5,800			BAC Capital Trust XII				6.875%				Aa3			146,160
	25,000			Citigroup Capital Trust VII				7.125%				Aa2			625,500
	24,500			Citigroup Capital Trust VIII				6.950%				Aa2			600,005
	75,000			CitiGroup Capital XIX				7.250%				Aa2			1,919,250
	1,300			Citigroup Capital XVI				6.450%				Aa2			30,433
	30,400			Deutsche Bank Capital Funding Trust VIII				6.375%				A			697,680
	75,000			General Electric Capital Corporation				6.625%				AAA			1,867,500
	75,000			General Electric Capital Corporation				6.000%				AAA			1,811,250
	25,000			ING Group N.V.				7.200%				A1			608,750
	35,000			ING Group N.V.				7.050%				A			846,300
	2,000			JPMorgan Chase Capital Trust X				7.000%				Aa3			49,700
				Total Diversified Financial Services											9,202,528
				Electric Utilities – 2.7%
	70,000			Alabama Power Company, (3)				5.625%				BBB+			1,776,250
	700			DTE Energy Trust I				7.800%				Baa3			17,773
	3,000			Entergy Louisiana LLC				7.600%				A-			75,060
	19,800			FPC Capital I				7.100%				Baa2			483,120
	50,000			FPL Group Capital Inc.				7.450%				A3			1,280,000
	47,000			Georgia Power Company				6.375%				AAA			1,193,800
	61,300			PPL Capital Funding, Inc.				6.850%				Baa2			1,458,940
	50,000			PPL Electric Utilities Corporation, (3)				6.250%				BBB			1,273,440
	4,500			PSEG Funding Trust II				8.750%				Baa3			113,445
	300			Virginia Power Capital Trust				7.375%				Baa2			7,527
				Total Electric Utilities											7,679,355
				Insurance – 1.7%
	75,000			Ace Ltd., Series C				7.800%				BBB			1,917,000
	10,000			Aegon N.V.				6.875%				A-			238,700
	44,600			Aegon N.V.				6.375%				A-			992,350
	1,800			Arch Capital Group Limited				8.000%				BBB-			45,990
	2,000			Endurance Specialty Holdings Limited				7.750%				BBB-			50,360
	30,000			MetLife Inc., Series A, (3)				6.694%				Baa1			757,500
	35,000			RenaissanceRe Holdings Limited, Series C				6.080%				BBB+			704,900
	500			XL Capital Ltd, Series B				7.625%				Baa1			12,415
				Total Insurance											4,719,215
				Media – 0.4%
	50,000			Comcast Corporation				7.000%				BBB+			1,247,500
				Real Estate Investment Trust – 0.9%
	100,000			Wachovia Preferred Funding Corporation				7.250%				A2			2,604,000
				U.S. Agency – 2.8%
	25,000			Federal Home Loan Mortgage Corporation, (3)				5.000%				AA-			1,025,000
	25,000			Federal Home Loan Mortgage Corporation, (3)				5.100%				AA-			1,025,750
	75,000			Federal Home Loan Mortgage Corporation, (3)				5.570%				AA-			1,659,000
	50,100			Federal Home Loan Mortgage Corporation, (3)				6.020%				AA-			1,222,941
	30,000			Federal National Mortgage Association				0.000%				AA-			756,000
	1,500			Federal National Mortgage Association, (3)				5.125%				AA-			63,525
	25,000			Federal National Mortgage Association, (3)				5.380%				AA-			1,088,750
	25,000			Federal National Mortgage Association, (3)				5.810%				AA-			1,166,250
				Total U.S. Agency											8,007,216
				Wireless Telecommunication Services – 0.2%
	11,800			United States Cellular Corporation				8.750%				A-			298,186
				Total $25 Par (or similar) Preferred Securities (cost $57,431,395)											56,777,100
Principal
Amount (000)				Description (1)				Coupon		Maturity		Ratings (2)		Value
				Corporate Bonds – 1.1% (1.0% of Total Investments)
				Airlines – 0.0%
$	14			Continental Airlines				6.541%		9/15/09		B		$	14,277
				Capital Markets – 0.5%
	1,000			Goldman Sachs Group, Inc.				6.450%		5/01/36		A+			978,871
	500			JPM Chase Capital XXV				6.800%		10/01/37		Aa3			502,361
	1,500			Total Capital Markets											1,481,232
				Insurance – 0.1%
	230			Liberty Mutual Group Inc., 144A				7.500%		8/15/36		BBB			236,462
				Media – 0.4%
	1,000			News America Inc.				7.625%		11/30/28		BBB			1,094,459
				Thrifts & Mortgage Finance – 0.1%
	350			Countrywide Home Loan Inc.				4.250%		12/19/07		A-			345,967
$	3,094			Total Corporate Bonds (cost $3,090,313)											3,172,397
Shares				Description (1)				Coupon		Maturity		Ratings (2)		Value
				Capital Preferred Securities – 0.7% (0.6% of Total Investments)
				Commercial Banks – 0.2%
	500			Royal Bank of Scotland Group PLC, Series U, WI/DD				0.000%		3/31/49		A1		$	522,500
				Electric Utilities – 0.4%
	1			Consolidated Edison Company of New York Inc., (3)				5.000%		8/01/53		A3			126,812
	10			Southern California Edison Company, Series C, (3)				6.000%		4/30/56		Baa2			1,014,375
	11			Total Electric Utilities											1,141,187
				Insurance – 0.1%
	370			Liberty Mutual Group				7.800%		3/15/37		Baa3			361,104
				Total Capital Preferred Securities (cost $1,898,407)											2,024,791
Shares				Description (1)										Value
				Investment Companies – 0.6% (0.5% of Total Investments)
	100,000			Blackrock Preferred Income Strategies Fund										$	1,765,000
				Total Investment Companies (cost $1,911,560)											1,765,000
Principal
Amount (000)				Description (1)				Coupon		Maturity				Value
				U.S. Government and Agency Obligations – 0.3% (0.2% of Total Investments)
$	675			United States of America Treasury Notes				5.125%		6/30/08				$	680,010
$	675			Total U.S. Government and Agency Obligations (cost $678,961)											680,010
Principal
Amount (000)				Description (1)				Coupon		Maturity				Value
				Short-Term Investments – 9.1% (7.9% of Total Investments)
				Certificates of Deposit 1.8%
$	5,000			Canadian Imperial Bank of Commerce				5.270%		10/01/07				$	5,000,000
				Repurchase Agreements 7.3%
	20,574			Repurchase Agreement with State Street Bank, dated 9/28/07, repurchase price $20,580,893 collateralized by $7,465,000 U.S. Treasury Bonds, 4.750%, due 8/15/17, value $7,586,306 and $13,995,000 U.S. Treasury Bonds, 4.500%, due 2/15/36, value $13,400,212				3.750%		10/01/07					20,574,463
$	25,574			Total Short-Term Investments (cost $25,574,463)											25,574,463
				Total Investments (cost $320,576,006) – 115.1%											325,176,797
							Notional			Expiration	Strike
Contracts				Type			Amount (4)			Date	Price			Value
				Call Options Written – (0.3)% (5)
	(260	)		S&P 500 INDEX			$	(39,910,000	)	10/18/07	$	1,535		$	(520,000	)
	(260	)		S&P 500 INDEX				(40,300,000	)	10/18/07		1,550			(317,200	)
	(520	)		Total Call Options Written (premiums received $1,324,440)				(80,210,000	)						(837,200	)
				Other Assets Less Liabilities – (2.1)%											(5,821,626	)
				FundPreferred Shares, at Liquidation Value – (12.7)%											(36,000,000	)
				Net Assets Applicable to Common Shares – 100%										$	282,517,971

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below investment grade.
(3)		Investment is eligible for the Dividends Received Deduction.
(4)		For disclosure purposes, Notional Amount is calculated by multiplying the number of Contracts by the Strike Price by 100.
(5)		The Fund may designate up to 100% of its Common Stock investments to cover outstanding Call Options Written.
WI/DD		Purchased on a when-issued or delayed delivery basis.
144A		Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.
ADR		American Depositary Receipt.

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 the treatment of paydown gains and losses, recognition of premium amortization, recognition of income on REIT investments, timing differences in the recognition of income and timing differences in recognizing certain gains and losses on investment transactions.

At September 30, 2007, the cost of investments was $320,576,131.

Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2007, were as follows:

Gross unrealized:
Appreciation		$	11,583,213
Depreciation			(6,982,547	)
Net unrealized appreciation (depreciation) of investments		$	4,600,666

Item 2. Controls and Procedures.

	a.		The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
	b.		There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  Nuveen Tax-Advantaged Dividend Growth Fund    

Date November 29, 2007

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.

Date November 29, 2007

Date November 29, 2007