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Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Scaled Net Operating Assets : 0.67 (As of Oct. 2015)


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What is Nuveen Dividend Advantage Muni Fund 2 Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Dividend Advantage Muni Fund 2's operating assets for the quarter that ended in Oct. 2015 was $682.96 Mil. Nuveen Dividend Advantage Muni Fund 2's operating liabilities for the quarter that ended in Oct. 2015 was $218.68 Mil. Nuveen Dividend Advantage Muni Fund 2's Total Assets for the quarter that ended in Apr. 2015 was $689.14 Mil. Therefore, Nuveen Dividend Advantage Muni Fund 2's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2015 was 0.67.

Nuveen Dividend Advantage Muni Fund 2 Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Dividend Advantage Muni Fund 2's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2015 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2015 )
=(Operating Assets (A: Oct. 2015 )-Operating Liabilities (A: Oct. 2015 ))/Total Assets (A: Oct. 2014 )
=(682.957-218.682)/689.469
=0.67

where

Operating Assets(A: Oct. 2015 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=682.957 - 0
=682.957

Operating Liabilities(A: Oct. 2015 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=218.682 - 0 - 0
=218.682

Nuveen Dividend Advantage Muni Fund 2's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2015 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2015 )
=(Operating Assets (Q: Oct. 2015 )-Operating Liabilities (Q: Oct. 2015 ))/Total Assets (Q: Apr. 2015 )
=(682.957-218.682)/689.138
=0.67

where

Operating Assets(Q: Oct. 2015 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=682.957 - 0
=682.957

Operating Liabilities(Q: Oct. 2015 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=218.682 - 0 - 0
=218.682

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Dividend Advantage Muni Fund 2 (AMEX:NXZ) » Definitions » Scaled Net Operating Assets
Comparable Companies
XSWX:GAM JSE:AFH KUW:ALIMTIAZ XPAR:ABCA NEWT PFLT ASX:EQT GAIN TSE:8739 LSE:ARW HKSE:00245 SHSE:600318 OSTO:CRED A PNNT XBRU:TINC LSE:IPX MIL:DEA ISX:BPII ADX:WAHA TSE:6620
Traded in Other Exchanges
N/A
Address
Website
http://www.nuveen.com
Nuveen Dividend Advantage Muni Fund 2 invests in municipal securities that are exempt from federal income taxes. The Company's investment objective is to provide current income exempt from regular federal income tax and to enhance portfolio value.
Executives
Margaret L. Wolff other: Trustee C/O NUVEEN 333 W. WACKER DR., STE 3400, CHICAGO IL 60606
Sherri A Hlavacek officer: Vice President and Treasurer 333 WEST WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
David J Lamb officer: Vice President 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
John Kevin Nelson other: Trustee C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Schreier Thomas S Jr other: Trustee C/O NORTHWEST AIRLINES, 1689 NONCONNAN BLVD, MEMPHIS TN 38132
Joel T. Slager officer: Vice President C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Steven M. Hlavin other: Portfolio Manager 333 W. WACKER DRIVE, SUITE 2900, CHICAGO IL 60606
Spalding Thomas C Jr officer: V.P. & Portfolio Manager 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Douglas J White other: Portfolio Manager 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Virginia Stringer other: Trustee 800 NICOLLET MALL, C/O US BANCORP ASSET MANAGEMENT, MINNEAPOLIS MI 55402
Kathleen L Prudhomme officer: Vice President 800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Christopher L Drahn other: Portfolio Manager 800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Michael S. Hamilton other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606