Eaton Vance Tax-Advantaged Dividend Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21400

Investment Company Act File Number

Eaton Vance Tax-Advantaged Dividend Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

August 31

Date of Fiscal Year End

May 31, 2018

Date of Reporting Period

 

 

 


Item 1. Schedule of Investments


Eaton Vance

Tax-Advantaged Dividend Income Fund

May 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

 

                                                 

Common Stocks — 91.7%(1)

     
Security    Shares      Value  

Aerospace & Defense — 3.0%

     

Hexcel Corp.

     265,351      $ 18,794,811  

Textron, Inc.

     277,918        18,503,781  

United Technologies Corp.

     96,528        12,048,625  
     

 

 

 
      $ 49,347,217  
     

 

 

 

Air Freight & Logistics — 1.6%

     

C.H. Robinson Worldwide, Inc.

     306,321      $ 26,649,927  
     

 

 

 
      $ 26,649,927  
     

 

 

 

Banks — 12.1%

     

Bank of America Corp.

     690,089      $ 20,040,184  

JPMorgan Chase & Co.

     692,600        74,115,126  

KeyCorp

     1,211,816        23,557,703  

PNC Financial Services Group, Inc. (The)

     166,890        23,933,695  

Sterling Bancorp

     338,122        8,300,895  

U.S. Bancorp

     446,042        22,297,640  

Wells Fargo & Co.

     552,342        29,820,945  
     

 

 

 
      $ 202,066,188  
     

 

 

 

Beverages — 1.3%

     

PepsiCo, Inc.

     211,964      $ 21,249,391  
     

 

 

 
      $ 21,249,391  
     

 

 

 

Biotechnology — 0.8%

     

Gilead Sciences, Inc.

     199,299      $ 13,432,753  
     

 

 

 
      $ 13,432,753  
     

 

 

 

Capital Markets — 5.7%

     

Charles Schwab Corp. (The)

     382,544      $ 21,277,097  

Credit Suisse Group AG

     933,303        14,309,854  

Credit Suisse Group AG ADR

     288,098        4,436,709  

E*TRADE Financial Corp.(2)

     341,736        21,648,976  

Goldman Sachs Group, Inc. (The)

     78,472        17,725,255  

Lazard, Ltd., Class A

     307,116        15,798,047  
     

 

 

 
      $ 95,195,938  
     

 

 

 

Construction & Engineering — 0.2%

     

Fluor Corp.

     67,745      $ 3,301,891  
     

 

 

 
      $ 3,301,891  
     

 

 

 

Consumer Finance — 0.6%

     

Discover Financial Services

     139,141      $ 10,276,954  
     

 

 

 
      $ 10,276,954  
     

 

 

 

Containers & Packaging — 0.8%

     

Ball Corp.

     381,728      $ 14,104,850  
     

 

 

 
      $ 14,104,850  
     

 

 

 

 

1

 

 


                                                 
Security    Shares      Value  

Diversified Financial Services — 0.9%

     

Berkshire Hathaway, Inc., Class B(2)

     74,290      $ 14,228,764  
     

 

 

 
      $ 14,228,764  
     

 

 

 

Diversified Telecommunication Services — 3.6%

     

AT&T, Inc.

     257,656      $ 8,327,442  

Verizon Communications, Inc.

     1,071,627        51,084,459  
     

 

 

 
      $ 59,411,901  
     

 

 

 

Electric Utilities — 3.2%

     

Edison International

     266,823      $ 16,585,718  

NextEra Energy, Inc.

     220,083        36,491,962  
     

 

 

 
      $ 53,077,680  
     

 

 

 

Electronic Equipment, Instruments & Components — 1.1%

     

FLIR Systems, Inc.

     354,761      $ 19,121,618  
     

 

 

 
      $ 19,121,618  
     

 

 

 

Energy Equipment & Services — 1.8%

     

Core Laboratories NV

     107,850      $ 13,392,813  

Halliburton Co.

     331,057        16,466,775  
     

 

 

 
      $ 29,859,588  
     

 

 

 

Equity Real Estate Investment Trusts (REITs) — 6.0%

     

Boston Properties, Inc.

     128,247      $ 15,616,637  

DCT Industrial Trust, Inc.

     281,441        18,330,252  

Equity Residential

     456,830        29,232,552  

Public Storage

     110,173        23,339,048  

Simon Property Group, Inc.

     87,557        14,028,383  
     

 

 

 
      $ 100,546,872  
     

 

 

 

Food Products — 2.6%

     

McCormick & Co., Inc.

     188,519      $ 19,040,419  

Mondelez International, Inc., Class A

     619,001        24,308,169  
     

 

 

 
      $ 43,348,588  
     

 

 

 

Health Care Equipment & Supplies — 2.9%

     

Baxter International, Inc.

     278,171      $ 19,705,634  

Boston Scientific Corp.(2)

     932,596        28,341,592  
     

 

 

 
      $ 48,047,226  
     

 

 

 

Health Care Providers & Services — 2.0%

     

Aetna, Inc.

     120,746      $ 21,266,993  

Anthem, Inc.

     57,857        12,810,697  
     

 

 

 
      $ 34,077,690  
     

 

 

 

Hotels, Restaurants & Leisure — 0.9%

     

Starbucks Corp.

     266,372      $ 15,095,301  
     

 

 

 
      $ 15,095,301  
     

 

 

 

Household Products — 1.3%

     

Colgate-Palmolive Co.

     345,696      $ 21,809,961  
     

 

 

 
      $ 21,809,961  
     

 

 

 

Insurance — 1.5%

     

American Financial Group, Inc.

     83,486      $ 9,173,442  

Chubb, Ltd.

     85,167        11,130,475  

WR Berkley Corp.

     56,885        4,349,996  
     

 

 

 
      $ 24,653,913  
     

 

 

 

 

2

 

 


                                                 
Security    Shares      Value  

Internet Software & Services — 1.9%

     

Alphabet, Inc., Class C(2)

     29,601      $ 32,116,789  
     

 

 

 
      $ 32,116,789  
     

 

 

 

IT Services — 1.1%

     

Leidos Holdings, Inc.

     294,212      $ 17,670,373  
     

 

 

 
      $ 17,670,373  
     

 

 

 

Machinery — 1.5%

     

Caterpillar, Inc.

     106,802      $ 16,224,292  

Parker-Hannifin Corp.

     47,292        8,082,203  
     

 

 

 
      $ 24,306,495  
     

 

 

 

Media — 1.4%

     

Walt Disney Co. (The)

     226,405      $ 22,520,505  
     

 

 

 
      $ 22,520,505  
     

 

 

 

Metals & Mining — 0.7%

     

Rio Tinto PLC ADR

     208,805      $ 11,839,243  
     

 

 

 
      $ 11,839,243  
     

 

 

 

Multi-Utilities — 2.9%

     

CMS Energy Corp.

     512,262      $ 23,630,646  

Sempra Energy

     234,936        25,027,732  
     

 

 

 
      $ 48,658,378  
     

 

 

 

Oil, Gas & Consumable Fuels — 9.0%

     

ConocoPhillips

     611,127      $ 41,183,848  

EOG Resources, Inc.

     233,393        27,496,029  

Exxon Mobil Corp.

     736,315        59,818,231  

Phillips 66

     191,736        22,335,327  
     

 

 

 
   $ 150,833,435  
     

 

 

 

Personal Products — 1.1%

 

Estee Lauder Cos., Inc. (The), Class A

     118,857      $ 17,761,990  
     

 

 

 
   $ 17,761,990  
     

 

 

 

Pharmaceuticals — 7.2%

 

Eli Lilly & Co.

     124,372      $ 10,576,595  

GlaxoSmithKline PLC ADR

     77,891        3,156,143  

Johnson & Johnson

     433,039        51,800,125  

Pfizer, Inc.

     873,733        31,393,227  

Zoetis, Inc.

     272,172        22,780,796  
     

 

 

 
   $ 119,706,886  
     

 

 

 

Road & Rail — 2.2%

 

CSX Corp.

     571,422      $ 36,942,432  
     

 

 

 
   $ 36,942,432  
     

 

 

 

Semiconductors & Semiconductor Equipment — 2.7%

 

Intel Corp.

     390,592      $ 21,560,678  

QUALCOMM, Inc.

     402,120        23,371,215  
     

 

 

 
   $ 44,931,893  
     

 

 

 

Specialty Retail — 1.9%

 

Home Depot, Inc. (The)

     95,519      $ 17,819,070  

TJX Cos., Inc. (The)

     149,720        13,522,710  
     

 

 

 
   $ 31,341,780  
     

 

 

 

 

3

 

 


                                                 
Security    Shares      Value  

Technology Hardware, Storage & Peripherals — 1.0%

 

Apple, Inc.

     89,355      $ 16,697,769  
     

 

 

 
   $ 16,697,769  
     

 

 

 

Textiles, Apparel & Luxury Goods — 3.2%

 

Lululemon Athletica, Inc.(2)

     209,194      $ 21,975,830  

NIKE, Inc., Class B

     213,053        15,297,205  

VF Corp.

     197,518        16,030,561  
     

 

 

 
   $ 53,303,596  
     

 

 

 

Total Common Stocks
(identified cost $1,218,049,174)

 

   $ 1,527,535,775  
     

 

 

 

Preferred Stocks — 9.6%(1)

 

Security    Shares      Value  

Banks — 2.6%

 

AgriBank FCB, 6.875% to 1/1/24(3)

     92,513      $ 9,997,186  

CoBank ACB, Series F, 6.25% to 10/1/22(3)

     94,700        10,026,362  

Farm Credit Bank of Texas, 6.75% to 9/15/23(3)(4)

     13,800        1,480,050  

Farm Credit Bank of Texas, Series 1, 10.00%

     4,678        5,403,090  

First Republic Bank, Series G, 5.50%

     68,800        1,739,264  

First Tennessee Bank NA, 3.75%, (3 mo. USD LIBOR + 0.85%, Floor 3.75%)(4)(5)

     4,660        3,681,400  

IBERIABANK Corp., Series C, 6.60% to 5/1/26(3)

     168,770        4,573,667  

Texas Capital Bancshares, Inc., 6.50%

     128,965        3,319,559  

Wells Fargo & Co., Series Y, 5.625%

     104,075        2,599,794  
     

 

 

 
   $ 42,820,372  
     

 

 

 

Capital Markets — 0.3%

 

KKR & Co., L.P., Series A, 6.75%

     100,200      $ 2,690,370  

State Street Corp., Series D, 5.90% to 3/15/24(3)

     78,938        2,065,018  
     

 

 

 
   $ 4,755,388  
     

 

 

 

Consumer Finance — 0.2%

 

Capital One Financial Corp., Series H, 6.00%

     170,350      $ 4,384,809  
     

 

 

 
   $ 4,384,809  
     

 

 

 

Electric Utilities — 2.0%

 

NextEra Energy Capital Holdings, Inc., Series I, 5.125%

     168,192      $ 4,164,434  

NextEra Energy Capital Holdings, Inc., Series K, 5.25%

     286,000        7,089,940  

SCE Trust VI, 5.00%

     601,650        13,717,620  

Southern Co. (The), 6.25%

     316,040        8,302,371  
     

 

 

 
   $ 33,274,365  
     

 

 

 

Equity Real Estate Investment Trusts (REITs) — 1.6%

 

CBL & Associates Properties, Inc., Series D, 7.375%

     390,325      $ 7,162,464  

DDR Corp., Series A, 6.375%

     250,625        5,862,119  

DDR Corp., Series K, 6.25%

     41,325        918,655  

Spirit Realty Capital, Inc., Series A, 6.00%

     208,200        4,520,022  

Summit Hotel Properties, Inc., Series E, 6.25%

     208,775        4,914,563  

Vornado Realty Trust, Series K, 5.70%

     146,527        3,537,162  
     

 

 

 
   $ 26,914,985  
     

 

 

 

Food Products — 0.9%

 

Dairy Farmers of America, Inc., 7.875%(4)

     94,450      $ 9,459,130  

Ocean Spray Cranberries, Inc., 6.25%(4)

     57,835        5,205,150  
     

 

 

 
   $ 14,664,280  
     

 

 

 

 

4

 

 


                                                 
Security    Shares      Value  

Insurance — 0.5%

 

Arch Capital Group, Ltd., Series E, 5.25%

     100,480      $ 2,396,448  

PartnerRe, Ltd., Series I, 5.875%

     212,421        5,403,990  
     

 

 

 
   $ 7,800,438  
     

 

 

 

Machinery — 0.5%

 

Stanley Black & Decker, Inc., 5.75%

     310,219      $ 7,950,913  
     

 

 

 
   $ 7,950,913  
     

 

 

 

Multi-Utilities — 0.1%

 

DTE Energy Co., Series C, 5.25%

     59,547      $ 1,460,092  
     

 

 

 
   $ 1,460,092  
     

 

 

 

Oil, Gas & Consumable Fuels — 0.9%

 

NuStar Energy, L.P., Series B, 7.625% to 6/15/22(3)

     733,275      $ 15,802,076  
     

 

 

 
   $ 15,802,076  
     

 

 

 

Total Preferred Stocks
(identified cost $162,913,252)

 

   $ 159,827,718  
     

 

 

 

Corporate Bonds & Notes — 20.7%

 

Security    Principal
Amount
(000’s omitted)
     Value  

Airlines — 0.2%

 

Azul Investments LLP, 5.875%, 10/26/24(1)(4)

   $ 2,895      $ 2,623,594  
     

 

 

 
   $ 2,623,594  
     

 

 

 

Automobiles — 0.4%

 

General Motors Financial Co., Inc., Series A, 5.75% to 9/30/27(1)(3)(6)

   $ 7,260      $ 7,087,575  
     

 

 

 
   $ 7,087,575  
     

 

 

 

Banks — 9.0%

 

Australia and New Zealand Banking Group, Ltd., 6.75% to 6/15/26(1)(3)(4)(6)

   $ 6,140      $ 6,324,200  

Banco Bilbao Vizcaya Argentaria S.A., 6.125% to 11/16/27(1)(3)(6)

     7,700        7,007,000  

Banco do Brasil S.A., 6.25% to 4/15/24(1)(3)(4)(6)

     15,195        12,668,831  

Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/6/28(1)(3)(4)(6)

     5,475        5,423,042  

Bank of America Corp., Series AA, 6.10% to 3/17/25(1)(3)(6)

     12,530        12,937,225  

Bank of America Corp., Series FF, 5.875% to 3/15/28(1)(3)(6)

     5,250        5,197,500  

Citigroup, Inc., Series M, 6.30% to 5/15/24(1)(3)(6)

     3,755        3,834,794  

Citigroup, Inc., Series T, 6.25% to 8/15/26(1)(3)(6)

     8,470        8,740,617  

Credit Agricole S.A., 7.875% to 1/23/24(1)(3)(4)(6)

     4,515        4,706,653  

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(1)(3)(6)

     1,113        1,142,773  

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20(1)(3)(6)

     26,157        26,797,846  

Lloyds Banking Group PLC, 7.50% to 6/27/24(1)(3)(6)

     8,650        9,071,687  

M&T Bank Corp., Series F, 5.125% to 11/1/26(1)(3)(6)

     4,260        4,212,075  

PNC Financial Services Group, Inc. (The), Series S, 5.00% to 11/1/26(1)(3)(6)

     2,530        2,492,050  

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25(1)(3)(6)

     8,348        9,031,534  

Societe Generale S.A., 6.75% to 4/6/28(1)(3)(4)(6)

     13,190        12,560,177  

SunTrust Banks, Inc., Series H, 5.125% to 12/15/27(1)(3)(6)

     3,890        3,703,183  

UniCredit SpA, 8.00% to 6/3/24(1)(3)(6)(7)

     12,790        12,196,506  

Zions Bancorporation, Series I, 5.80% to 6/15/23(1)(3)(6)

     1,243        1,258,538  
     

 

 

 
   $ 149,306,231  
     

 

 

 

 

5

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Capital Markets — 2.0%

 

Banco BTG Pactual S.A./Cayman Islands, 5.75%, 9/28/22(1)(4)

   $ 5,830      $ 5,582,808  

Banco BTG Pactual S.A./Luxembourg, 5.50%, 1/31/23(1)(4)

     3,300        3,124,176  

Charles Schwab Corp. (The), Series F, 5.00% to 12/1/27(1)(3)(6)

     10,430        9,973,687  

UBS Group AG, 6.875% to 8/7/25(1)(3)(6)(7)

     13,656        13,886,650  
     

 

 

 
   $ 32,567,321  
     

 

 

 

Diversified Financial Services — 0.9%

 

Cadence Financial Corp., 4.875%, 6/28/19(1)(4)

   $ 7,086      $ 7,137,623  

Textron Financial Corp., 4.078%, (3 mo. USD LIBOR + 1.735%), 2/15/67(1)(4)(5)

     3,129        2,893,699  

Unifin Financiera SAB de CV, 8.875% to 1/29/25(1)(3)(4)(6)

     5,110        4,786,844  
     

 

 

 
   $ 14,818,166  
     

 

 

 

Electric Utilities — 1.2%

 

AES Gener S.A., 8.375% to 6/18/19, 12/18/73(1)(3)(4)

   $ 11,310      $ 11,719,988  

Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(1)(3)

     8,560        8,865,390  
     

 

 

 
   $ 20,585,378  
     

 

 

 

Energy Equipment & Services — 0.3%

 

Abengoa Finance S.A.U., 7.75%, 3/31/27(1)(4)(8)

   $ 7,369      $ 92,113  

Oceaneering International, Inc., 6.00%, 2/1/28(1)

     5,490        5,433,276  
     

 

 

 
   $ 5,525,389  
     

 

 

 

Food Products — 1.1%

 

JBS Investments GmbH, 7.75%, 10/28/20(1)(4)

   $ 4,193      $ 4,287,384  

Land O’ Lakes, Inc., 8.00%(1)(4)(6)

     12,295        13,708,925  
     

 

 

 
   $ 17,996,309  
     

 

 

 

Insurance — 0.3%

 

MetLife, Inc., 6.40%, 12/15/66(1)

   $ 5,200      $ 5,613,400  
     

 

 

 
   $ 5,613,400  
     

 

 

 

Metals & Mining — 0.4%

 

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75(1)(3)(4)

   $ 6,865      $ 7,486,282  
     

 

 

 
   $ 7,486,282  
     

 

 

 

Multi-Utilities — 0.3%

 

Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54(1)(3)

   $ 4,430      $ 4,694,731  
     

 

 

 
   $ 4,694,731  
     

 

 

 

Oil, Gas & Consumable Fuels — 1.1%

 

EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(1)(3)(6)

   $ 8,752      $ 8,013,870  

Odebrecht Oil & Gas Finance, Ltd., 0.00%(1)(4)(6)

     1        15  

Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(1)(3)(6)

     10,360        9,945,600  
     

 

 

 
   $ 17,959,485  
     

 

 

 

Pharmaceuticals — 0.6%

 

Teva Pharmaceutical Finance Netherlands III B.V., 6.00%, 4/15/24(1)

   $ 10,995      $ 10,897,428  
     

 

 

 
   $ 10,897,428  
     

 

 

 

Pipelines — 2.1%

 

Enbridge Energy Partners, L.P., 6.106%, (3 mo. USD LIBOR + 3.798%), 10/1/77(1)(5)

   $ 10,555      $ 10,528,613  

Energy Transfer Partners, L.P., Series A, 6.25% to 2/15/23(1)(3)(6)

     12,540        11,797,318  

Enterprise Products Operating, LLC, 5.375% to 2/15/28, 2/15/78(1)(3)

     10,985        10,199,843  

Transportadora de Gas del Sur S.A., 6.75%, 5/2/25(4)

     2,525        2,430,313  
     

 

 

 
   $ 34,956,087  
     

 

 

 

 

6

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Thrifts & Mortgage Finance — 0.2%

 

Flagstar Bancorp, Inc., 6.125%, 7/15/21(1)

   $ 3,310      $ 3,495,932  
     

 

 

 
   $ 3,495,932  
     

 

 

 

Toys, Games & Hobbies — 0.4%

 

Mattel, Inc., 6.75%, 12/31/25(4)

   $ 7,460      $ 7,295,880  
     

 

 

 
   $ 7,295,880  
     

 

 

 

Transportation — 0.2%

 

JSL Europe S.A., 7.75%, 7/26/24(1)(4)

   $ 2,755      $ 2,706,788  
     

 

 

 
   $ 2,706,788  
     

 

 

 

Total Corporate Bonds & Notes
(identified cost $354,432,100)

 

   $ 345,615,976  
     

 

 

 

Exchange-Traded Funds — 3.1%

 

Security    Shares      Value  

Equity Funds — 3.1%

 

First Trust Preferred Securities and Income ETF(1)

     2,680,555      $ 51,118,184  
     

 

 

 

Total Exchange-Traded Funds
(identified cost $53,916,261)

 

   $ 51,118,184  
     

 

 

 

Short-Term Investments — 0.6%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 1.98%(9)

     10,578,688      $ 10,579,746  
     

 

 

 

Total Short-Term Investments
(identified cost $10,579,136)

 

   $ 10,579,746  
     

 

 

 

Total Investments — 125.7%
(identified cost $1,799,889,923)

 

   $ 2,094,677,399  
     

 

 

 

Other Assets, Less Liabilities — (25.7)%

 

   $ (428,237,275
     

 

 

 

Net Assets — 100.0%

 

   $ 1,666,440,124  
     

 

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1) Security (or a portion thereof) has been segregated as collateral with the custodian for borrowings under the Credit Agreement.

 

(2) Non-income producing security.

 

(3) Security converts to floating rate after the indicated fixed-rate coupon period.

 

(4) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At May 31, 2018, the aggregate value of these securities is $137,385,065 or 8.2% of the Fund’s net assets.

 

(5) Variable rate security. The stated dividend/interest rate represents the rate in effect at May 31, 2018.

 

7

 

 


(6) Perpetual security with no stated maturity date but may be subject to calls by the issuer.

 

(7) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At May 31, 2018, the aggregate value of these securities is $26,083,156 or 1.6% of the Fund’s net assets.

 

(8) Issuer is in default with respect to interest and/or principal payments.

 

(9) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2018 was $157,483.

 

                                                 

Country Concentration of Portfolio

 

 

Country    Percentage of
Total Investments
    Value  

United States

     87.2   $ 1,826,608,403  

Switzerland

     1.8       38,037,203  

United Kingdom

     1.6       33,098,607  

Brazil

     1.5       30,993,596  

France

     0.8       17,266,830  

Bermuda

     0.8       15,798,047  

Australia

     0.7       13,810,482  

Netherlands

     0.6       13,392,813  

Italy

     0.6       12,196,506  

Chile

     0.6       11,719,988  

Israel

     0.5       10,897,428  

Mexico

     0.5       10,209,886  

Spain

     0.3       7,099,113  

Argentina

     0.1       2,430,313  

Exchange-Traded Funds

     2.4       51,118,184  
  

 

 

   

 

 

 

Total Investments

     100.0   $     2,094,677,399  
  

 

 

   

 

 

 

 

Abbreviations:

ADR

  -   American Depositary Receipt

LIBOR

  -   London Interbank Offered Rate

USD

  -   United States Dollar

The Fund did not have any open derivative instruments at May 31, 2018.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

  Level 1 — quoted prices in active markets for identical investments

 

  Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

  Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

8

 

 


At May 31, 2018, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  

Common Stocks

 

Consumer Discretionary

   $ 122,261,182      $      $      $ 122,261,182  

Consumer Staples

     104,169,930                      104,169,930  

Energy

     180,693,023                      180,693,023  

Financials

     332,111,903        14,309,854               346,421,757  

Health Care

     215,264,555                      215,264,555  

Industrials

     140,547,962                      140,547,962  

Information Technology

     130,538,442                      130,538,442  

Materials

     25,944,093                      25,944,093  

Real Estate

     100,546,872                      100,546,872  

Telecommunication Services

     59,411,901                      59,411,901  

Utilities

     101,736,058                      101,736,058  

Total Common Stocks

   $     1,513,225,921      $     14,309,854    $     —      $     1,527,535,775  

Preferred Stocks

 

Consumer Staples

   $      $ 14,664,280      $      $ 14,664,280  

Energy

     15,802,076                      15,802,076  

Financials

     29,172,919        30,588,088               59,761,007  

Industrials

     7,950,913                      7,950,913  

Real Estate

     26,914,985                      26,914,985  

Utilities

     34,734,457                      34,734,457  

Total Preferred Stocks

   $ 114,575,350      $ 45,252,368      $      $ 159,827,718  

Corporate Bonds & Notes

   $      $ 345,615,976      $      $ 345,615,976  

Exchange-Traded Funds

     51,118,184                      51,118,184  

Short-Term Investments

            10,579,746               10,579,746  

Total Investments

   $ 1,678,919,455      $     415,757,944      $      $ 2,094,677,399  

 

* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended May 31, 2018 is not presented. At May 31, 2018, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

9

 

 


Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Item 3. Exhibits

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act is attached hereto.


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax-Advantaged Dividend Income Fund

 

By:   /s/ Edward J. Perkin
  Edward J. Perkin
  President
Date:   July 23, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ Edward J. Perkin
  Edward J. Perkin
  President
Date:   July 23, 2018

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   July 23, 2018