Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
NYSE NYSE Primary Summary
EVT: Trades At One Of The Most Attractive Discounts In A Decade
Eaton Vance Tax-Advantaged Dividend Income Fund remains a strong buy, trading at one of its most attractive discounts to NAV in a decade. EVT offers an 8% dividend yield, monthly payouts, and a diversified portfolio focused on tax-advantaged income from equities and preferreds. While EVT underperforms broad market indexes like SPY in total return, it excels in delivering consistent, tax-efficient income for long-term investors.
EVT: Tax-Advantaged High Yield Available At A Discount
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly distribution yielding 8.5%, trading at a -8.3% discount to NAV. Eaton Vance's conservative management, quality stock selection, and tax-advantaged dividends make EVT ideal for long-term, buy-and-hold retirement portfolios. EVT outperforms peer funds on total return, offers diversification beyond REITs, MLPs, BDCs, and bonds, and provides reliable, growing income.
EVT: 8% Yield, Attractive Discount
Eaton Vance Tax-Advantaged Dividend Income Fund offers an attractive 8.4% yield, tax-advantaged income, and trades at a deeper-than-average 8% discount to NAV, enhancing its appeal. The EVT closed-end fund focuses on value-driven, dividend-paying stocks, with a heavy tilt toward Financials, and has outperformed its benchmark over the long term. Distribution coverage has improved, with no return of capital, and assets have grown, though dividend growth has been modest at 2.54% over five years.
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Eaton Vance Tax-Advantaged Dividend Income Fund Profile
| Capital Markets Industry | Financials Sector | Edward J. Perkin CEO | NYSE Exchange | 27828G107 CUSIP |
| US Country | - Employees | 15 Dec 2025 Last Dividend | - Last Split | - IPO Date |
Overview
The LEO Portfolios SIF – Flexible Defensive is a sub-fund with the primary goal of generating stable capital growth over a minimum duration of five years. It adopts a defensive strategy, meaning it focuses on minimizing risks while seeking steady growth. Unlike some investment funds that target quick returns by taking higher risks, this sub-fund prioritizes the long-term security and preservation of its investors’ capital. This is primarily achieved through an active management approach, where investments are diversified across multiple asset classes via other open-end investment funds. The absence of a reference index for benchmarking its performance allows for greater flexibility in the selection of assets, which can include equities, bonds, cash, and even bank deposits or money market instruments. Furthermore, to mitigate adverse market fluctuations, the sub-fund may employ derivatives as part of its risk management strategy.
Products and Services
- Active Management of Investments
The LEO Portfolios SIF – Flexible Defensive is actively managed, implying that its management team consistently monitors the market landscape to make timely investment decisions. This dynamic strategy aims to capitalize on opportunities for capital growth while maintaining a defensive posture against potential market downturns.
- Investment in Open-end Funds
One of the core strategies of the sub-fund is investing in a diversified portfolio of other open-end investment funds. This method allows for a broad exposure to various asset classes across different sectors and geographical regions, enhancing the potential for risk-adjusted returns while spreading the investment risks.
- Defensive Approach
Aiming for stability, the sub-fund employs a defensive approach in its investment strategy. This involves selecting funds that themselves invest conservatively across different asset classes such as equities, bonds, and cash. The goal is to achieve stable growth with minimized volatility, making it suitable for investors seeking long-term, low-risk investment opportunities.
- Bank Deposits and Money Market Instruments
In addition to fund investments, the sub-fund may allocate part of its capital to bank deposits and money market instruments. These instruments offer liquidity and safety, serving as a buffer during market turbulences and further aligning with the sub-fund’s defensive investment philosophy.
- Use of Derivatives for Risk Management
The strategic use of derivatives is another tool at the disposal of the sub-fund to manage and reduce market risks. Derivatives can provide protection against market volatility, potentially safeguarding the sub-fund’s performance from negative impacts due to adverse market movements.
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