As of March 11, 2013 Nuveen New York Dividend Advantage Municipal Income Fund has been acquired by Nuveen New York AMT-Free Municipal Income Fund. Nuveen New York Dividend Advantage Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Fund Advisors LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity approximately between 16 to 17 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor’s (S&P) New York Municipal Bond Index and the Standard & Poor’s (S&P) Insured National Municipal Bond Index. It was formerly known as Nuveen Insured New York Dividend Advantage Municipal Fund. Nuveen New York Dividend Advantage Municipal Income Fund was formed on March 25, 2002 and is domiciled in the United States.