- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)

 

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 811-09463

 

Nuveen Ohio 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:             2/28          

 

Date of reporting period:          11/30/11         

 

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.

 

 

 

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Item 1. Schedule of Investments

 

 

		Portfolio of Investments (Unaudited)
		Nuveen Ohio Dividend Advantage Municipal Fund (NXI)
		November 30, 2011
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		Consumer Staples – 5.5% (3.9% of Total Investments)
		Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
		Bonds, Senior Lien, Series 2007A-2:
$    1,500		5.125%, 6/01/24	6/17 at 100.00	BB–	$   1,135,695
3,300		5.875%, 6/01/47	6/17 at 100.00	BB–	2,310,957
45		Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,	5/12 at 100.00	BBB	42,118
		Series 2002, 5.375%, 5/15/33
4,845		Total Consumer Staples			3,488,770
		Education and Civic Organizations – 12.7% (9.0% of Total Investments)
275		Miami University of Ohio, General Receipts Bonds, Series 2011, 5.000%, 9/01/36 (WI/DD,	9/21 at 100.00	AA	285,849
		Settling 12/21/11)
700		Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series	7/16 at 100.00	A+	709,268
		2006, 5.000%, 7/01/41
2,650		Ohio Higher Education Facilities Commission, Revenue Bonds, Ohio Northern University, Series	5/12 at 100.00	Baa2	2,628,668
		2002, 5.000%, 5/01/22
500		Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series	12/15 at 100.00	Ba1	440,045
		2005, 5.000%, 12/01/24
1,000		Ohio State Higher Educational Facility Commission, Higher Education Facility Revenue Bonds,	11/18 at 100.00	A–	1,088,760
		Xavier University 2008C, 5.750%, 5/01/28
950		Ohio State, Higher Educational Facility Revenue Bonds, Otterbein College Project, Series	12/18 at 100.00	A3	1,021,573
		2008A, 5.500%, 12/01/28
1,760		Ohio University at Athens, Subordinate Lien General Receipts Bonds, Series 2004, 5.000%,	6/14 at 100.00	Aa3	1,898,477
		12/01/20 – NPFG Insured
7,835		Total Education and Civic Organizations			8,072,640
		Energy – 1.5% (1.1% of Total Investments)
1,000		Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds, Hovensa Coker	1/13 at 100.00	Ba2	956,370
		Project, Senior Lien Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
		Health Care – 27.9% (19.8% of Total Investments)
65		Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue	11/14 at 100.00	Baa1	63,062
		Bonds, Summa Health System, Series 2004A, 5.500%, 11/15/34 – RAAI Insured
500		Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series	6/20 at 100.00	AA–	509,785
		2010A, 5.250%, 6/01/38
1,385		Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center	5/16 at 100.00	N/R	1,297,357
		Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
1,100		Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A,	7/13 at 100.00	Aa2	1,156,309
		6.000%, 1/01/32
1,300		Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,	11/19 at 100.00	Aa2	1,329,939
		Improvement Series 2009, 5.250%, 11/01/40
600		Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series	11/18 at 100.00	Aa2	603,636
		2005, 5.000%, 11/01/40
1,280		Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond	11/21 at 100.00	AA	1,298,918
		Trust 11-21B, 9.304%, 11/15/41 (IF) (4)
2,000		Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J,	5/14 at 100.00	BBB	1,939,420
		5.125%, 5/15/28 – FGIC Insured
1,000		Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series	6/21 at 100.00	A3	1,070,590
		2011A, 6.250%, 12/01/34
500		Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare	10/12 at 100.00	AA–	502,475
		Partners, Refunding Series 2002, 5.375%, 10/01/30
290		Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series	11/21 at 100.00	AA–	317,886
		2011A, 6.000%, 11/15/41
330		Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center	5/16 at 100.00	A2	347,292
		Inc., Series 2006, 5.250%, 5/15/21
1,000		Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,	5/14 at 100.00	AA	1,011,650
		5.000%, 5/01/30
375		Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39	11/14 at 100.00	Aa3	392,396
		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
		Health System Obligated Group, Series 2008A:
1,050		5.000%, 1/01/25	1/18 at 100.00	Aa2	1,115,216
90		5.250%, 1/01/33	1/18 at 100.00	Aa2	92,999
		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
		System Project, Series 2010:
1,100		5.750%, 11/15/40 – AGM Insured	5/20 at 100.00	AA–	1,136,839
80		5.250%, 11/15/40 – AGM Insured	5/20 at 100.00	AA–	80,465
250		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University	1/15 at 100.00	A	260,550
		Hospitals Health System, Series 2009, 6.750%, 1/15/39
200		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System	1/19 at 100.00	Aa2	208,622
		Obligated Group, Series 2009A, 5.500%, 1/01/39
		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
		Obligated Group, Tender Option Bond Trust 3551:
250		19.675%, 1/01/17 (IF)	No Opt. Call	Aa2	286,790
1,225		20.215%, 1/01/33 (IF)	1/19 at 100.00	Aa2	1,436,239
65		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System	No Opt. Call	Aa2	76,209
		Obligated Group, Tender Option Bond Trust 3591, 20.372%, 1/01/17 (IF)
335		Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System	11/12 at 100.00	A–	337,064
		Obligated Group, Series 2000B, 6.375%, 11/15/30
500		Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,	11/16 at 100.00	A–	503,780
		5.250%, 11/15/36
375		Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,	12/18 at 100.00	A	384,656
		5.750%, 12/01/35
17,245		Total Health Care			17,760,144
		Housing/Multifamily – 4.0% (2.8% of Total Investments)
1,165		Cleveland-Cuyahoga County Port Authority, Ohio, Lease Revenue Bonds, Euclid Avenue Housing	8/15 at 100.00	N/R	1,001,201
		Corporation – Fenn Tower Project, Series 2005, 5.000%, 8/01/23 – AMBAC Insured
350		Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court	10/18 at 101.00	Aa1	361,274
		Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
285		Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna	6/16 at 102.00	Aaa	277,847
		Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
915		Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments	9/17 at 102.00	Aaa	926,849
		Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
2,715		Total Housing/Multifamily			2,567,171
		Housing/Single Family – 0.4% (0.3% of Total Investments)
250		Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%,	9/15 at 100.00	Aaa	251,040
		9/01/31 (Alternative Minimum Tax)
		Industrials – 6.7% (4.8% of Total Investments)
1,500		Cleveland-Cuyahoga County Port Authority, Ohio, Common Bond Fund Revenue Bonds, Cleveland	5/12 at 102.00	BBB–	1,466,895
		Christian Home Project, Series 2002C, 5.950%, 5/15/22
290		Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program –	11/15 at 100.00	BBB–	265,028
		Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)
880		Ohio State Water Development Authority, Solid Waste Revenue Bonds, Allied Waste Industries,	7/12 at 100.00	BBB	897,204
		Inc., Series 2007A, 5.150%, 7/15/15 (Alternative Minimum Tax)
1,300		Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc.,	No Opt. Call	Baa3	1,525,953
		Series 1992, 6.450%, 12/15/21
700		Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,	7/17 at 102.00	N/R	124,530
		Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (5), (6)
4,670		Total Industrials			4,279,610
		Long-Term Care – 1.1% (0.8% of Total Investments)
215		Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement	7/21 at 100.00	BBB	217,174
		Services, Improvement Series 2010A, 5.625%, 7/01/26
470		Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,	4/20 at 100.00	BBB–	471,885
		Refunding & improvement Series 2010, 6.625%, 4/01/40
685		Total Long-Term Care			689,059
		Tax Obligation/General – 25.8% (18.3% of Total Investments)
125		Barberton City School District, Summit County, Ohio, General Obligation Bonds, School	6/18 at 100.00	AA	132,949
		Improvement Series 2008, 5.250%, 12/01/31
1,500		Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series	6/15 at 100.00	Aa1	1,558,770
		2005, 5.000%, 12/01/30 – AGM Insured
		Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006:
400		0.000%, 12/01/27 – AGM Insured	No Opt. Call	AA	189,332
1,735		0.000%, 12/01/28 – AGM Insured	No Opt. Call	AA	771,208
400		Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21	12/14 at 100.00	AA+	440,484
1,355		Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/27	12/17 at 100.00	AAA	1,479,132
470		Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32	12/15 at 100.00	AA	492,739
2,550		Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/34 –	6/17 at 100.00	AA–	2,614,668
		AGM Insured
2,000		Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities	6/17 at 100.00	Aa3	2,066,480
		Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
430		Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,	12/17 at 100.00	Aa2	450,756
		5.000%, 12/01/30 – FGIC Insured
400		Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40	10/18 at 100.00	Aa2	411,988
1,005		Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series	12/15 at 100.00	AA–	1,056,175
		2006, 5.000%, 12/01/25 – AGM Insured
200		Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,	6/17 at 100.00	Aaa	211,766
		Series 2007, 5.000%, 12/01/31
1,000		Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding	No Opt. Call	Aa3	1,124,430
		Series 2007, 5.250%, 12/01/31 – AGM Insured
50		Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,	12/18 at 100.00	Aa3	51,942
		5.250%, 12/01/36
750		Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities	11/18 at 100.00	Aa2	774,533
		Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36
50		Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995,	6/17 at 100.00	Aa2	51,823
		5.250%, 12/01/36 – AGC Insured
2,415		Troy City School District, Miami County, Ohio, General Obligation Bonds, Series 2005, 5.000%,	12/14 at 100.00	Aa2	2,505,200
		12/01/28 – AGM Insured
50		Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,	No Opt. Call	AA	52,344
		School Improvement Series 2009, 5.125%, 12/01/37
16,885		Total Tax Obligation/General			16,436,719
		Tax Obligation/Limited – 22.4% (15.8% of Total Investments)
125		Cincinnati City School District, Ohio, Certificates of Participation, Series 2006, 5.000%,	12/16 at 100.00	Aa2	130,104
		12/15/32 – AGM Insured
2,000		Cuyhoga County, Ohio, Economic Development Revenue Bonds, Federally Taxable Recovery Zone	12/20 at 100.00	AA	2,169,640
		Facility Medical Mart- Convention Center Project, Series 2010G, 5.000%, 12/01/27
50		Delaware County District Library, Delaware, Franklin, Marion, Morrow and Union Counties, Ohio,	12/19 at 100.00	Aa2	52,991
		Library Fund Library Facilities Special Obligation Notes, Series 2009, 5.000%, 12/01/34
2,000		Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue	12/15 at 100.00	Aaa	2,104,660
		Anticipation Bonds, Series 2005, 5.000%, 12/01/27 – AMBAC Insured
525		Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42 (WI/DD,	1/22 at 100.00	A	534,083
		Settling 12/01/11)
1,415		Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,	6/14 at 100.00	A+	1,515,437
		5.000%, 12/01/21 – FGIC Insured
1,500		Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006A, 5.000%, 12/01/32 –	12/16 at 100.00	A1	1,532,250
		AMBAC Insured
1,000		Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B, 0.000%, 12/01/28 –	No Opt. Call	AA–	428,630
		AGM Insured
500		New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series	4/12 at 100.00	A1	504,885
		2001B, 5.500%, 10/01/15 – AMBAC Insured
345		Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,	4/15 at 100.00	AA	373,594
		Series 2005A, 5.000%, 4/01/25 – AGM Insured
1,000		Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund	4/15 at 100.00	AA	1,097,170
		Project, Series 2005A, 5.000%, 4/01/23 – AGM Insured
5,220		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series	No Opt. Call	A+	1,289,236
		2009A, 0.000%, 8/01/34
5,250		Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,	No Opt. Call	A+	1,207,920
		0.000%, 8/01/35
1,280		Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A,	4/12 at 100.00	BBB+	1,282,701
		6.375%, 10/01/19
22,210		Total Tax Obligation/Limited			14,223,301
		Transportation – 0.7% (0.5% of Total Investments)
425		Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%,	12/13 at 100.00	A–	431,367
		12/01/23 – RAAI Insured (Alternative Minimum Tax)
		U.S. Guaranteed – 16.5% (11.7% of Total Investments) (7)
1,000		Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2004,	12/14 at 100.00	AA (7)	1,141,260
		5.500%, 12/01/15 (Pre-refunded 12/01/14) – AGM Insured
1,000		Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2004,	12/14 at 100.00	Aa2 (7)	1,137,050
		5.250%, 12/01/16 (Pre-refunded 12/01/14) – AGM Insured
1,000		Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004,	12/13 at 100.00	N/R (7)	1,090,990
		5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured
325		Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,	6/18 at 100.00	AAA	394,306
		Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
1,645		Ohio Water Development Authority, Revenue Bonds, Water Development Community Assistance	12/13 at 100.00	Aa1 (7)	1,794,679
		Program, Series 2003, 5.000%, 12/01/23 (Pre-refunded 12/01/13) – NPFG Insured
1,900		Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation	6/14 at 100.00	AA+ (7)	2,119,754
		Bonds, Series 2004A, 5.250%, 12/01/23 (Pre-refunded 6/01/14) – FGIC Insured
2,735		University of Cincinnati, Ohio, General Receipts Bonds, Series 2002F, 5.375%, 6/01/19	6/12 at 100.00	A+ (7)	2,805,973
		(Pre-refunded 6/01/12)
9,605		Total U.S. Guaranteed			10,484,012
		Utilities – 10.3% (7.3% of Total Investments)
		American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
		Series 2008A:
50		5.000%, 2/15/38 – AGC Insured	2/18 at 100.00	AA–	51,324
1,000		5.250%, 2/15/43	2/18 at 100.00	A1	1,040,440
1,440		American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds,	2/12 at 100.00	A2	1,450,037
		Series 2002, 5.250%, 2/15/17 – NPFG Insured
2,130		Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B, 0.000%, 11/15/32 –	No Opt. Call	A2	707,862
		NPFG Insured
2,265		Ohio Air Quality Development Authority, Revenue Refunding Bonds, Ohio Power Company Project,	5/12 at 100.00	Baa1	2,265,882
		Series 1999C, 5.150%, 5/01/26 – AMBAC Insured
1,000		Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville	2/14 at 100.00	A1	1,045,509
		Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/21 – AMBAC Insured
7,885		Total Utilities			6,561,054
		Water and Sewer – 5.5% (3.9% of Total Investments)
175		City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%, 12/01/32 –	12/17 at 100.00	A1	180,253
		AMBAC Insured
925		Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40 –	12/20 at 100.00	Aa3	967,873
		AGM Insured
500		Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2006, 5.250%, 12/01/24 –	12/16 at 100.00	A–	531,834
		SYNCORA GTY Insured
730		Ohio Water Development Authority, Revenue Bonds, Water Development Community Assistance	12/13 at 100.00	Aa1	777,164
		Program, Series 2003, 5.000%, 12/01/23 – NPFG Insured
1,000		Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A,	7/18 at 100.00	Baa2	1,034,789
		6.000%, 7/01/44
3,330		Total Water and Sewer			3,491,913
$ 99,585		Total Investments (cost $86,421,107) – 141.0%			89,693,170
		MuniFund Term Preferred Shares, at Liquidation Value – (48.9)% (8)			(31,103,400)
		Other Assets Less Liabilities – 7.9%			5,039,592
		Net Assets Applicable to Common Shares – 100%			$ 63,629,362

 

 

 

 

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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 three-tier hierarchy of inputs is 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 management’s assumptions in determining the fair value of investments).

 

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of November 30, 2011:

	Level 1	Level 2	Level 3	Total
Investments:
Municipal Bonds	$ —	$89,568,640	$124,530	$89,693,170

 

 

 

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:

	Level 3
	Municipal Bonds
Balance at the beginning of period	$127,750
Gains (losses):
Net realized gains (losses)	—
Net change in unrealized appreciation (depreciation)	(3,220)
Purchases at cost	—
Sales at proceeds	—
Net discounts (premiums)	—
Transfers in to	—
Transfers out of	—
Balance at the end of period	$124,530

 

During the period ended November 30, 2011, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.

 

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 November 30, 2011, the cost of investments was $86,336,128.

 

Gross unrealized appreciation and gross unrealized depreciation of investments at November 30, 2011, were as follows:

Gross unrealized:
Appreciation	$ 4,364,151
Depreciation	(1,007,109)
Net unrealized appreciation (depreciation) of investments	$ 3,357,042

 

 

(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)		Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
		investments in inverse floating rate transactions.
(5)		For fair value measurement disclosure purposes, investment categorized as Level 3.
(6)		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 bond, 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.

(7)		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.
(8)		MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 34.7%.
N/R		Not rated.
WI/DD		Purchased on a when-issued or delayed delivery basis.
(IF)		Inverse floating rate investment.

 

 

 

 

 

 

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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.

 

 

 

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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 Ohio Dividend Advantage Municipal Fund 

 

By (Signature and Title)     /s/ Kevin J. McCarthy                    

                                                   Kevin J. McCarthy

                                                   Vice President and Secretary

 

Date          January 27, 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          January 27, 2012        

 

By (Signature and Title)     /s/ Stephen D. Foy                              

                                                   Stephen D. Foy

                                                  Vice President and Controller (principal financial officer) 

 

Date          January 27, 2012