Unassociated Document



 
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 811-09451
 
Nuveen Massachusetts 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:            5/31          
 
Date of reporting period:         2/28/13         
 
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 Massachusetts Dividend Advantage Municipal Fund (NMB)
     
   
February 28, 2013
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Discretionary – 1.3% (0.9% of Total Investments)
     
$    480
 
Boston Industrial Development Financing Authority, Massachusetts, Senior Revenue Bonds,
9/13 at 101.00
Caa3
$    378,936
   
Crosstown Center Project, Series 2002, 6.500%, 9/01/35 (Alternative Minimum Tax)
     
   
Education and Civic Organizations – 45.9% (31.4% of Total Investments)
     
500
 
Massachusetts Development Finance Agency Revenue Bonds, Lesley University Issue Series B-1
7/21 at 100.00
AA–
575,095
   
and B-2, 5.250%, 7/01/33 – AGM Insured
     
375
 
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2009V-1,
10/19 at 100.00
A1
423,491
   
5.000%, 10/01/29
     
110
 
Massachusetts Development Finance Agency, Revenue Bonds, Draper Laboratory, Series 2008,
9/18 at 100.00
Aa3
130,312
   
5.875%, 9/01/30
     
400
 
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2010A,
1/20 at 100.00
BBB+
428,784
   
5.000%, 1/01/40
     
300
 
Massachusetts Development Finance Agency, Revenue Bonds, Merrimack College, Series 2012A,
7/22 at 100.00
BBB–
333,051
   
5.250%, 7/01/42
     
1,000
 
Massachusetts Development Finance Agency, Revenue Bonds, The Broad Institute, Series 2011A,
4/21 at 100.00
AA–
1,136,320
   
5.250%, 4/01/37
     
450
 
Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute,
9/17 at 100.00
A+
488,615
   
Series 2007, 5.000%, 9/01/37 – NPFG Insured
     
200
 
Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute,
9/22 at 100.00
A+
222,632
   
Series 2012, 5.000%, 9/01/50
     
500
 
Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation,
No Opt. Call
A
669,375
   
Series 2002A, 5.750%, 1/01/42 – AMBAC Insured
     
2,100
 
Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation,
1/18 at 100.00
AA–
2,236,668
   
Series 2008A, 5.000%, 1/01/42 – AGC Insured
     
1,000
 
Massachusetts Development Finance Authority, Revenue Refunding Bonds, Boston University,
5/29 at 105.00
A1
1,270,330
   
Series 1999P, 6.000%, 5/15/59
     
990
 
Massachusetts Educational Finance Authority, Educational Loan Revenue Bonds, Series 2001E,
7/13 at 100.00
AA
992,871
   
5.300%, 1/01/16 – AMBAC Insured (Alternative Minimum Tax)
     
515
 
Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2008H,
1/18 at 100.00
AA
574,112
   
6.350%, 1/01/30 – AGC Insured (Alternative Minimum Tax)
     
1,000
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Boston College,
6/13 at 100.00
AA–
1,012,810
   
Series 2003N, 5.250%, 6/01/18
     
500
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Springfield College,
10/19 at 100.00
Baa1
550,460
   
Series 2010, 5.500%, 10/15/31
     
1,500
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Wheaton College
1/20 at 100.00
A2
1,660,290
   
Issues, Series 2010F, 5.000%, 1/01/41
     
590
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Williams College,
7/16 at 100.00
AA+
658,788
   
Series 2007L, 5.000%, 7/01/31
     
500
 
Massachusetts Health and Educational Facilities Authority, Revenue Refunding Bonds, Suffolk
7/19 at 100.00
BBB
557,290
   
University Issue, Series 2009A, 5.750%, 7/01/39
     
100
 
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Fin
No Opt. Call
BBB
101,672
   
Authority, Higher Ed Rev and Rev Refunding Bonds, University of the Sacred Heart Project,
     
   
Series 2012, 5.000%, 10/01/42
     
12,630
 
Total Education and Civic Organizations
   
14,022,966
   
Health Care – 28.1% (19.2% of Total Investments)
     
1,200
 
Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series
7/20 at 100.00
AA
1,364,052
   
2011K-6, 5.375%, 7/01/41
     
500
 
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health, Series 2011H,
7/21 at 100.00
A–
573,530
   
5.500%, 7/01/31
     
500
 
Massachusetts Health and Educational Facilities Authority Revenue Bonds, Quincy Medical Center
1/18 at 100.00
N/R
2,570
   
Issue, Series 2008A, 6.500%, 1/15/38 (4)
     
160
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Baystate Medical
7/19 at 100.00
A+
180,355
   
Center, Series 2009I, 5.750%, 7/01/36
     
775
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Caregroup Inc.,
8/18 at 100.00
A–
886,143
   
Series B1 Capital Asset Program Converted June 13, 2008, 5.375%, 2/01/26 – NPFG Insured
     
500
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Caregroup Inc.,
8/18 at 100.00
A–
569,500
   
Series B2, Capital Asset Program, Converted June 9, 2009, 5.375%, 2/01/27 – NPFG Insured
     
1,000
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Children’s Hospital,
12/19 at 100.00
AA
1,139,710
   
Series 2009M, 5.500%, 12/01/39
     
   
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Emerson Hospital,
     
   
Series 2005E:
     
550
 
5.000%, 8/15/25 – RAAI Insured
8/15 at 100.00
N/R
558,003
315
 
5.000%, 8/15/35 – RAAI Insured
8/15 at 100.00
N/R
315,356
600
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Lahey Clinic Medical
8/15 at 100.00
A+
654,912
   
Center, Series 2005C, 5.000%, 8/15/21 – FGIC Insured
     
1,000
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Lahey Medical
8/17 at 100.00
A+
1,089,190
   
Center, Series 2007D, 5.250%, 8/15/28
     
290
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Milford Regional
7/17 at 100.00
BBB–
295,174
   
Medical Center, Series 2007E, 5.000%, 7/15/32
     
500
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Milton Hospital
7/15 at 100.00
BB–
517,435
   
Project, Series 2005D, 5.250%, 7/01/30
     
159
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire
5/13 at 100.00
D
135,435
   
Community Services Inc., Series 2012A, 6.000%, 2/15/43
     
123
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire
5/13 at 100.00
D
12,345
   
Community Services Inc., Series 2012B, 6.375%, 2/15/43
     
190
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northern Berkshire
5/13 at 100.00
D
2
   
Community Services Inc., Series 2012C, 6.625%, 2/15/43
     
285
 
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, UMass Memorial
7/15 at 100.00
A–
298,016
   
Health Care, Series 2005D, 5.000%, 7/01/33
     
8,647
 
Total Health Care
   
8,591,728
   
Housing/Multifamily – 6.9% (4.7% of Total Investments)
     
555
 
Massachusetts Development Finance Authority, Multifamily Housing Revenue Bonds, Emerson
7/17 at 100.00
BB
579,187
   
Manor Project, Series 2007, 4.800%, 7/20/48
     
500
 
Massachusetts Housing Finance Agency, Housing Revenue Bonds, Series 2003S, 5.050%, 12/01/23
6/13 at 100.00
AA–
501,810
   
(Alternative Minimum Tax)
     
1,000
 
Somerville Housing Authority, Massachusetts, GNMA Collateralized Mortgage Revenue Bonds,
5/13 at 102.00
N/R
1,032,230
   
Clarendon Hill Towers, Series 2002, 5.200%, 11/20/22
     
2,055
 
Total Housing/Multifamily
   
2,113,227
   
Housing/Single Family – 3.7% (2.6% of Total Investments)
     
650
 
Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 2006-126,
6/16 at 100.00
AA
669,370
   
4.625%, 6/01/32 (Alternative Minimum Tax)
     
400
 
Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 2008, Trust
No Opt. Call
AA
468,300
   
3145, 15.583%, 6/01/16 (IF)
     
1,050
 
Total Housing/Single Family
   
1,137,670
   
Industrials – 1.2% (0.8% of Total Investments)
     
100
 
Massachusetts Development Finance Agency, Pioneer Valley Resource Recovery Revenue Bonds,
No Opt. Call
N/R
99,584
   
Eco/Springfield LLC, Series 2006, 5.875%, 7/01/14 (Alternative Minimum Tax)
     
200
 
Massachusetts Development Finance Agency, Solid Waste Disposal Revenue Bonds, Waste
No Opt. Call
BBB
211,422
   
Management Inc., Series 2003, 5.450%, 6/01/14
     
65
 
Massachusetts Development Finance Authority, Revenue Bonds, 100 Cambridge Street
5/13 at 100.00
BBB
65,073
   
Redevelopment, M/SRBC Project, Series 2002A, 5.125%, 2/01/34 – NPFG Insured
     
365
 
Total Industrials
   
376,079
   
Long-Term Care – 4.8% (3.3% of Total Investments)
     
100
 
Massachusetts Development Finance Agency, Revenue Bonds, Carleton-Willard Village, Series
12/19 at 100.00
A–
111,064
   
2010, 5.625%, 12/01/30
     
725
 
Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Series 2007,
4/13 at 102.00
N/R
738,869
   
5.250%, 10/01/26
     
605
 
Massachusetts Development Finance Authority, First Mortgage Revenue Bonds, Berkshire
7/13 at 100.00
BBB
611,020
   
Retirement Community – Edgecombe Project, Series 2001A, 6.750%, 7/01/21
     
1,430
 
Total Long-Term Care
   
1,460,953
   
Tax Obligation/General – 13.6% (9.3% of Total Investments)
     
310
 
Ashland, Massachusetts, General Obligation Bonds, Series 2004, 5.250%, 5/15/23 – AMBAC Insured
5/15 at 100.00
Aa2
342,296
55
 
Fall River, Massachusetts, General Obligation Bonds, Series 2003, 5.000%, 2/01/21 – AGM Insured
2/14 at 100.00
AA–
55,770
1,000
 
Hampden-Wilbraham Regional School District, Hampden County, Massachusetts, General Obligation
2/21 at 100.00
Aa3
1,120,050
   
Bonds, Series 2011, 5.000%, 2/15/41
     
500
 
Norwell, Massachusetts, General Obligation Bonds, Series 2003, 5.000%, 11/15/20 – FGIC Insured
No Opt. Call
AAA
629,255
500
 
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2002A, 5.500%, 7/01/29 –
No Opt. Call
Baa3
526,795
   
FGIC Insured
     
1,280
 
Quincy, Massachusetts, General Obligation Bonds, Series 2011, 5.125%, 12/01/33
12/20 at 100.00
Aa2
1,476,531
3,645
 
Total Tax Obligation/General
   
4,150,697
   
Tax Obligation/Limited – 17.0% (11.6% of Total Investments)
     
395
 
Martha’s Vineyard Land Bank, Massachusetts, Revenue Bonds, Series 2004, 5.000%, 5/01/26 –
5/14 at 100.00
A–
412,973
   
AMBAC Insured
     
385
 
Massachusetts Bay Transportation Authority, Senior Lien Sales Tax Revenue Refunding Bonds,
No Opt. Call
AAA
495,187
   
Series 2004C, 5.250%, 7/01/21
     
550
 
Massachusetts College Building Authority, Project Revenue Bonds, Series 2008A, 5.000%, 5/01/33 –
5/18 at 100.00
AA
628,073
   
AGC Insured
     
285
 
Massachusetts College Building Authority, Revenue Bonds, Refunding Series 2012B, 5.000%, 5/01/37
5/22 at 100.00
AA
330,039
230
 
Massachusetts State, Special Obligation Dedicated Tax Revenue Bonds, Series 2005, 5.000%,
No Opt. Call
A1
273,505
   
1/01/20 – FGIC Insured
     
750
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/19 at 100.00
A+
828,638
   
2009A, 6.000%, 8/01/42
     
1,500
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/21 at 100.00
A+
1,563,270
   
2011A-1, 5.000%, 8/01/43
     
600
 
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series
No Opt. Call
BBB+
657,654
   
2012A, 5.000%, 10/01/32
     
4,695
 
Total Tax Obligation/Limited
   
5,189,339
   
Transportation – 6.0% (4.1% of Total Investments)
     
500
 
Massachusetts Port Authority, Airport System Revenue Bonds, Series 2010A, 5.000%, 7/01/30
7/20 at 100.00
AA
596,365
400
 
Massachusetts Port Authority, Special Facilities Revenue Bonds, BOSFUEL Corporation, Series
7/17 at 100.00
A2
434,720
   
2007, 5.000%, 7/01/32 – FGIC Insured (Alternative Minimum Tax)
     
500
 
Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc., Series
7/13 at 100.00
N/R
499,965
   
2001A, 5.000%, 1/01/27 – AMBAC Insured (Alternative Minimum Tax)
     
260
 
Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Senior Lien Parking
7/21 at 100.00
A+
291,086
   
Revenue Bonds, Series 2011, 5.000%, 7/01/41
     
1,660
 
Total Transportation
   
1,822,136
   
U.S. Guaranteed – 13.3% (9.1% of Total Investments) (5)
     
530
 
Boston Water and Sewerage Commission, Massachusetts, General Revenue Bonds, Senior Series
11/14 at 100.00
AA+ (5)
572,845
   
2004A, 5.000%, 11/01/25 (Pre-refunded 11/01/14)
     
230
 
Massachusetts College Building Authority, Project Revenue Bonds, Series 2004A, 5.000%, 5/01/19
5/14 at 100.00
Aa2 (5)
242,832
   
(Pre-refunded 5/01/14) – NPFG Insured
     
250
 
Massachusetts College Building Authority, Project Revenue Bonds, Series 2006A, 5.000%, 5/01/31
5/16 at 100.00
Aa2 (5)
285,068
   
(Pre-refunded 5/01/16) – AMBAC Insured
     
495
 
Massachusetts Development Finance Authority, Revenue Bonds, Massachusetts College of Pharmacy
7/15 at 100.00
AA– (5)
548,816
   
and Allied Health Sciences, Series 2005D, 5.000%, 7/01/27 (Pre-refunded 7/01/15) – AGC Insured
     
500
 
Massachusetts Development Finance Authority, Revenue Bonds, Milton Academy, Series 2003A,
9/13 at 100.00
AA– (5)
512,105
   
5.000%, 9/01/19 (Pre-refunded 9/01/13)
     
500
 
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Series 2005A,
8/15 at 100.00
AA+ (5)
556,895
   
5.000%, 8/15/20 (Pre-refunded 8/15/15) – AGM Insured (UB)
     
750
 
Massachusetts State, Special Obligation Dedicated Tax Revenue Bonds, Series 2004, 5.250%,
1/14 at 100.00
A1 (5)
781,994
   
1/01/25 (Pre-refunded 1/01/14) – FGIC Insured
     
500
 
Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2005-11,
8/15 at 100.00
AAA
551,084
   
4.500%, 8/01/29 (Pre-refunded 8/01/15)
     
3,755
 
Total U.S. Guaranteed
   
4,051,639
   
Utilities – 1.1% (0.7% of Total Investments)
     
320
 
Massachusetts Development Finance Agency, Resource Recovery Revenue Refunding Bonds, Covanta
11/17 at 100.00
BB+
330,435
   
Energy Project, Series 2012B, 4.875%, 11/01/42
     
   
Water and Sewer – 3.3% (2.3% of Total Investments)
     
125
 
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
7/15 at 100.00
Ba2
130,073
   
2005, 6.000%, 7/01/25
     
400
 
Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2006-12,
8/16 at 100.00
AAA
423,856
   
4.375%, 8/01/31 (UB)
     
200
 
Massachusetts Water Pollution Abatement Trust, Revenue Bonds, MWRA Loan Program, Series
8/16 at 100.00
AAA
200,895
   
2002A, 5.250%, 8/01/20
     
250
 
Massachusetts Water Resources Authority, General Revenue Bonds, Series 2006A, 4.000%, 8/01/46
8/16 at 100.00
AA+
256,074
975
 
Total Water and Sewer
   
1,010,898
$ 41,707
 
Total Investments (cost $41,446,916) – 146.2%
   
44,636,703
   
Floating Rate Obligations – (1.8)%
   
(560,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (48.2)% (6)
   
(14,725,000)
   
Other Assets Less Liabilities – 3.8%
   
1,183,861
   
Net Assets Applicable to Common Shares – 100%
   
$ 30,535,564
 
 
 
 
 

 

 
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
$ —
$44,636,703
$ —
$44,636,703
 
 
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.
 
As of February 28, 2013, the cost of investments was $40,846,213.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of February 28, 2013, were as follows:
 
   
Gross unrealized:
 
Appreciation
$3,448,744
Depreciation
(218,548)
Net unrealized appreciation (depreciation) of investments
$3,230,196
 
 
     
(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)
 
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
   
producing security, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted
   
on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
   
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and
   
has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
(5)
 
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.
(6)
 
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 33.0%.
N/R
 
Not rated.
(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 Massachusetts Dividend Advantage Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         April 29, 2013        
 
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:         April 29, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         April 29, 2013