EVT - Eaton Vance Tax-Advantaged Dividend Income Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Jan 27, 2025

   The fund said it may sell new shares.

   Original document →

2. Oct 10, 2024

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Eaton Vance Management. Part of the Eaton Vance fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $2.27 billion of holdings, as of July 31, 2026. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 36% on top of its own money, as of July 31, 2026. Borrowed money makes gains and losses bigger. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 2.3% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Among the 53 funds we follow that invest in shares, 36 charge a lower management fee and 42 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $26 in the first year and about $288 over 10 years, assuming the holdings return 5% a year. As of Oct 31, 2024, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $1.98 a share. $0.31 of that was income; $1.67 came from gains. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $26.82. The shares traded at $24.64, about 8.1% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 12% below to 1.6% below. As of Oct 31, 2024, from the fund's annual report. Original document →
• How the holdings did: up 8.6% over the last three months we have (May-July 2026), before the share price is taken into account. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2003.

How this has changed

• Payouts per share: $1.98 in the fiscal year ended Oct 31, 2025; $1.90 in the year ended Oct 31, 2024; $1.79 in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of Oct 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 2.27% a year in the fiscal year ended Oct 31, 2025; 2.53% a year in the year ended Oct 31, 2024; 2.53% a year in the year ended Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $2 billion at Oct 31, 2025; $1.96 billion at Oct 31, 2024; $1.61 billion at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.
• Borrowing: about 34% on top of its own money at Oct 31, 2025; 38% at Oct 31, 2024; 44% at Oct 31, 2023. From the fund's quarterly holdings reports. Original documents: Oct 31, 2025 →, Oct 31, 2024 →, Oct 31, 2023 →.
• The fund had about 74.6 million shares at Oct 31, 2025, about the same as at Oct 31, 2023.As of Oct 31, 2025, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Oct 31, 2025: the shares returned +11.3%, counting payouts; the holdings +10.7%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Oct 31, 2025, from the fund's annual report. Original document →
• The year ended Oct 31, 2024: the shares returned +35.2%, counting payouts; the holdings +32.3%. As of Oct 31, 2024, from the fund's annual report. Original document →
• The year ended Oct 31, 2023: the shares returned -14.5%, counting payouts; the holdings -2%. As of Oct 31, 2023, from the fund's annual report. Original document →
• The year ended Oct 31, 2022: the shares returned -10.2%, counting payouts; the holdings -10.2%. As of Oct 31, 2022, from the fund's annual report. Original document →
• The year ended Oct 31, 2021: the shares returned +67.7%, counting payouts; the holdings +45.7%. As of Oct 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +93.6%. $10,000 of shares bought at the start (Nov 1, 2020) would have become about $19,400 by Oct 31, 2025, with every payout counted, before tax. As of Oct 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to July 31, 2026: +26.4%. The quarterly reports carry no share price, so this is the holdings alone. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 45 funds that invest in shares with a fiscal year ending within six months of this one, 35 reported a higher share return for that year and 9 a lower one. As of Oct 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (72%), the rest bonds, cash and short-term holdings and preferred shares. About 88% issued in the U.S.

1. Cash and short-term - 17.4%
2. Micron Technology - 6%
3. JPMorgan Chase & - 4.8%
4. Amazon.com - 3.8%
5. Apple - 3.4%
6. Cisco Systems - 3%
7. Alphabet - 3%
8. 3M Co - 2.7%
9. Bank of America - 2.5%
10. Charles Schwab Corp/The - 2.3%

As of July 31, 2026, from the fund's quarterly holdings report. Original document →