Nuveen Tax-Advantaged Total Return Strategy Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to achieve a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation. The fund invests primarily (at least 60% of its managed assets) in dividend-paying common stocks that at the time of investment are eligible to pay dividends that may be eligible for favorable income taxation (Qualified Dividend Income). The fund also invests in preferred stocks that are eligible to pay tax-advantaged dividends (5%-15% of managed assets), as well as in senior loans and other debt instruments (15%-25% of managed assets). The fund uses leverage. The Funds' investment adviser is Nuveen Fund Advisors, Inc. Its sub-advisers are NWQ Investment Management Company, LLC and Symphony Asset Management, LLC.