Tax-Advantaged Dividend Income Fund (EVT)

Overview

Historical Returns (%) as of Sep 30, 2024

10/31/2024 09/30/2024
10/31/2024	as of Oct 31, 2024

					Annualized
	1 Mo.	3 Mos.	YTD	1 Yr.	3 Yrs.	5 Yrs.	10 Yrs.
Fund at NAV	-1.90	1.38	14.88	32.28	5.20	9.74	9.81
Market Price	-1.98	0.95	15.62	35.20	1.22	7.26	9.97
09/30/2024	as of Sep 30, 2024
Fund at NAV	1.46	7.23	17.10	28.74	7.85	10.57	10.16
Market Price	1.28	8.21	17.96	26.55	4.40	8.15	10.32
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

Distribution Rates^1,2

11/20/2024
	as of Nov 20, 2024
Distribution Rate at NAV	7.24%
Distribution Rate at Market Price	7.87%

Fund Facts as of Oct 31, 2024

10/31/2024
Performance Inception	09/30/2003
Investment Objective	High level of after-tax total return
Total Net Assets	$2.0B
CUSIP	27828G107

Expense Ratios (%)³

06/30/2024
as of Annual Report dated 10/31/2023
Management Fees	1.06
Other Expenses	0.07
Total Expenses (ex Interest and Fee Expense)	1.13
Interest and Fee Expense	1.40
Total Expenses	2.53

Portfolio Management

02/12/2024
Aaron Dunn, CFA			Managed Fund since 2017
Brad Galko, CFA			Managed Fund since 2020
Derek J.V. DiGregorio			Managed Fund since 2021
Joseph Mehlman, CFA			Managed Fund since 2022

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.

Performance

Historical Returns (%) as of Sep 30, 2024

10/31/2024 09/30/2024
10/31/2024	as of Oct 31, 2024

					Annualized
	1 Mo.	3 Mos.	YTD	1 Yr.	3 Yrs.	5 Yrs.	10 Yrs.
Fund at NAV	-1.90	1.38	14.88	32.28	5.20	9.74	9.81
Market Price	-1.98	0.95	15.62	35.20	1.22	7.26	9.97
09/30/2024	as of Sep 30, 2024
Fund at NAV	1.46	7.23	17.10	28.74	7.85	10.57	10.16
Market Price	1.28	8.21	17.96	26.55	4.40	8.15	10.32
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

Calendar Year Returns (%)

12/31/2023
	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund at NAV	13.85	1.67	12.15	17.86	-7.70	35.11	5.30	25.14	-10.94	11.05
Market Price	17.66	-0.01	16.71	21.70	-11.90	44.69	1.47	33.87	-17.32	5.71

Fund Facts

10/31/2024
Performance Inception	09/30/2003

Distribution Rates^1,2

11/20/2024
	as of Nov 20, 2024
Distribution Rate at NAV	7.24%
Distribution Rate at Market Price	7.87%

Distribution History^4,5

11/20/2024
Ex-Date	Distribution	Reinvest Price
Oct 23, 2024	$0.16460
Sep 20, 2024	$0.16460	$24.61
Aug 22, 2024	$0.16460
Jul 23, 2024	$0.16460
Jun 21, 2024	$0.16460
May 23, 2024	$0.16460
Apr 22, 2024	$0.16460
Mar 20, 2024	$0.14880
Feb 21, 2024	$0.14880
Jan 22, 2024	$0.14880
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Tax Character of Distributions

Distributions ($)Distributions (%)
Distributions ($)	as of Dec 31, 2023
	Ordinary Dividends
	Non-Qualified	Qualified	Total	Capital Gain Distributions	Nondividend Distributions	Total Distributions
2023	$0.00	$0.44	$0.44	$1.35	$0.00	$1.79
2022	$0.00	$0.56	$0.56	$1.37	$0.00	$1.92
2021	$0.00	$0.48	$0.48	$1.20	$0.00	$1.68
2020	$0.00	$0.74	$0.74	$1.15	$0.00	$1.89
2019	$0.00	$0.56	$0.56	$1.18	$0.00	$1.74
2018	$0.00	$0.47	$0.47	$1.27	$0.00	$1.74
2017	$0.00	$0.72	$0.72	$0.88	$0.00	$1.60
2016	$0.00	$0.75	$0.75	$1.14	$0.00	$1.89
2015	$0.00	$0.85	$0.85	$0.60	$0.00	$1.45
2014	$0.00	$1.47	$1.47	$0.00	$0.00	$1.47
2013	$0.00	$1.18	$1.18	$0.00	$0.00	$1.18
2012	$0.00	$1.29	$1.29	$0.00	$0.00	$1.29
2011	$0.00	$1.29	$1.29	$0.00	$0.00	$1.29
2010	$0.00	$1.29	$1.29	$0.00	$0.00	$1.29
2009	$0.00	$1.29	$1.29	$0.00	$0.00	$1.29
2008	$0.00	$1.78	$1.78	$0.00	$0.00	$1.78
2007	$0.00	$1.83	$1.83	$0.00	$0.00	$1.83
2006	$0.00	$1.56	$1.56	$0.00	$0.00	$1.56
2005	$0.00	$1.35	$1.35	$0.00	$0.00	$1.35
Distributions (%)	as of Dec 31, 2023
2023	0.00%	24.87%	24.87%	75.13%	0.00%	100.00%
2022	0.00%	28.91%	28.91%	71.09%	0.00%	100.00%
2021	0.00%	28.81%	28.81%	71.19%	0.00%	100.00%
2020	0.00%	39.08%	39.08%	60.92%	0.00%	100.00%
2019	0.00%	32.28%	32.28%	67.72%	0.00%	100.00%
2018	0.00%	27.00%	27.00%	73.00%	0.00%	100.00%
2017	0.00%	45.03%	45.03%	54.97%	0.00%	100.00%
2016	0.00%	39.50%	39.50%	60.50%	0.00%	100.00%
2015	0.00%	58.63%	58.63%	41.37%	0.00%	100.00%
2014	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2013	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2012	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2011	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2010	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2009	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2008	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2007	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2006	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%
2005	0.00%	100.00%	100.00%	0.00%	0.00%	100.00%

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.

1. Distribution Rate at NAV and Market Price is calculated by dividing the last distribution paid per share (annualized) by NAV or market price, respectively. A Fund's distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with "yield" or "income."
2. The Fund has adopted a policy to pay common shareholders a stable monthly distribution, and may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and non-dividend distributions, also known as return of capital.
4. See “Tax Character of Distributions”. For information about any distributions in the current year estimated to include non-dividend distributions or capital gains, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a).
5. The Fund has adopted a policy to pay common shareholders a stable monthly distribution. In an effort to maintain a stable distribution amount, the Fund may pay distributions consisting of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains distributions and nondividend distributions, also known as return of capital. A nondividend or return of capital distribution may include, for example, a return of some or all of the money that an investor invested in Fund shares, which can cause the Fund's NAV to erode. There is no assurance that the Fund will always be able to pay distributions of a particular size.

Portfolio

Fund Holdings (%)^6,7 as of Sep 30, 2024

09/30/2024
Holding	% of Net Assets
JPMorgan Chase & Co	4.54%
Thermo Fisher Scientific Inc	2.94%
NextEra Energy Inc	2.92%
Reinsurance Group of America Inc	2.66%
Charles Schwab Corp	2.59%
AbbVie Inc	2.47%
Micron Technology Inc	2.37%
3M Co	2.33%
Bristol-Myers Squibb Co	2.24%
American International Group Inc	2.10%
View All

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.

Management

Aaron Dunn, CFA

Managing Director, Co-Head of Value Equity
Joined Eaton Vance 2012

Biography

Aaron is a managing director of Morgan Stanley. He is Co-Head of Value Equity and a portfolio manager on the Eaton Vance Value team. He is responsible for buy and sell decisions, portfolio construction and risk management. He is a member of the Eaton Vance Equity Strategy Committee. He joined Eaton Vance in 2012. Morgan Stanley acquired Eaton Vance in March 2021.

Aaron began his career in the investment management industry in 1999. Before joining Eaton Vance, Aaron was a senior equity analyst for Amundi Pioneer. He was previously affiliated with Invesco.

Aaron earned a B.S. from the University of Arkansas and an MBA from The University of Texas at Austin McCombs School of Business. He is a member of CFA Society Boston and a CFA charterholder.

Education

B.S. University of Arkansas
M.B.A. University of Texas at Austin

Experience

Managed Fund since 2017

Brad Galko, CFA

Managing Director, Co-Head of Value Equity
Joined Eaton Vance 2013

Biography

Brad is a managing director of Morgan Stanley. He is Co-Head of Value Equity and a portfolio manager on the Eaton Vance Value team. He is responsible for buy and sell decisions, portfolio construction and risk management. He is a member of the Eaton Vance Equity Strategy Committee. He joined Eaton Vance in 2013. Morgan Stanley acquired Eaton Vance in March 2021.

Brad began his career in the investment management industry in 1991. Before joining Eaton Vance, Brad was a vice president and senior equity analyst at Amundi Pioneer. Previously, he was a vice president and senior equity research analyst at Morgan Stanley & Co.

Brad earned a B.B.A., magna cum laude, from the University of Notre Dame. He is a CFA charterholder and member of CFA Society Boston.

Education

B.B.A University of Notre Dame

Experience

Managed Fund since 2020

Derek J.V. DiGregorio

Executive Director, Portfolio Manager
Joined Eaton Vance 2006

Biography

Derek is an executive director of Morgan Stanley and a vice president of Eaton Vance Trust Company. He is head of Equity Income Solutions and a portfolio manager on a number of Eaton Vance global and domestic equity income funds, with particular experience in dividend investing, equity portfolio tax-management, and equity portfolio strategy implementation. Derek began his career in the investment management industry in 2006 with Eaton Vance. Morgan Stanley acquired Eaton Vance in March 2021.

Derek earned a B.S. from Bates College and an MBA from Boston University Questrom School of Business.

Education

B.S. Bates College
M.B.A. Questrom School of Business, Boston University

Experience

Managed Fund since 2021

Other funds managed

Joseph Mehlman, CFA

Head of U.S. Investment Grade Credit, Portfolio Manager
Joined Morgan Stanley 2002

Biography

Joe Mehlman is the Head of U.S. Investment Grade Credit and a portfolio manager on the Broad Markets Fixed Income team. He began his career in the investment industry at Morgan Stanley in 2002.

Joe earned a B.A., with honors, in economics from Trinity College. Joe holds the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts.