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
(Registrants 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 |
|
$ | 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 |
|
$ | 159,827,718 | |||||
|
|
|||||||
Corporate Bonds & Notes 20.7% |
| |||||||
Security | Principal Amount (000s 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 (000s 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 (000s 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 |
|
$ | 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 |
|
$ | 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 |
|
$ | 10,579,746 | |||||
|
|
|||||||
Total Investments 125.7% |
|
$ | 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 Funds 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 Funds 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 funds 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 Funds 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 Funds policy regarding the valuation of investments and other significant accounting policies, please refer to the Funds 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 registrants principal executive officer and principal financial officer that the effectiveness of the registrants 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 Commissions 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 registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrants 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 registrants 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 |