Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to provide a high level of after-tax total return through monthly distributions and capital appreciation. To pursue this goal, the fund invests predominantly in dividend-paying equity securities, including common and preferred stocks, convertible securities, real estate investment trusts (REITs) and master limited partnerships (MLPs). The fund may also use leverage in the form of borrowings and preferred share issuance to enhance current income and total returns.
In structuring its portfolio, Eaton Vance EVT focuses on companies with sustainable dividend track records and attractive valuation profiles across a range of industries. The fund allocates assets between U.S. and non-U.S. issuers, seeking to capture income opportunities in developed and emerging markets. Geographic diversification may include large- and mid-cap equities in North America, Europe and the Asia-Pacific region, as well as global income-oriented vehicles such as closed-end funds. Derivative instruments, including options, are employed selectively to manage risk and potentially enhance yield.
Since its inception in 2006, the fund has been managed by Eaton Vance Management, a subsidiary of Morgan Stanley’s asset management division. Eaton Vance traces its roots to 1924 and has grown into a leading provider of income-oriented strategies for individual and institutional investors. Headquartered in Boston, Massachusetts, the organization leverages experienced research analysts and portfolio managers to identify dividend opportunities and monitor credit and equity markets worldwide. The fund’s structure allows for daily liquidity in secondary markets, offering investors potential access at a discount or premium to net asset value.
Leadership of the Eaton Vance Tax-Advantaged Dividend Income Fund rests with a dedicated team of portfolio managers and analysts who combine deep industry expertise with a long-term investment discipline. The fund’s decision-making is supported by Eaton Vance’s Global Income & Currency Group, drawing on comprehensive research capabilities and proprietary quantitative tools. This collaborative approach aims to balance income generation with prudent risk management, positioning the fund to seek tax-efficient distributions and long-term capital growth for shareholders.
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