Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
NYSE 
Summary
EVT Chart
EVT: The Discount Narrowed, The Yield Fell, You Missed The Entry - Unless You're Patient
Eaton Vance Tax-Advantaged Dividend Income Fund is not a Buy due to a tightened ~6% discount and a yield near 6.8%, both less attractive than recent history. EVT's income relies heavily on capital gains rather than dividends, making forward capital appreciation and discount/yield setup critical for new investors. Leverage costs remain elevated (~1.16% of the 2.27% total expense ratio), with bond interest nearly offset by leverage expenses, limiting fixed income contribution.
Most Income Investors Have Never Heard of These 3 Funds Paying 6 to 8 Percent Monthly for Decades
Income investors chasing yield often stop at the biggest names in the category, overlooking a quiet corner of the market where three closed-end funds have paid monthly distributions for more than two decades.
EVT: Solid Income Fund For Retirees
Eaton Vance Tax-Advantaged Dividend Income Fund remains a compelling buy, trading at a 9.36% discount to NAV versus its five-year average of 5.38%. EVT offers a 7.4% dividend yield, well supported by earnings, with 2025 total earnings of $2.50 per share versus $1.98 in annual payouts. The fund prioritizes income and dividend stability, but its structure limits capital appreciation and exposes NAV to market downturns and sector-specific risks.
Eaton Vance Tax-Advantaged Dividend Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 120,199 | $3.33M | $3.48M | $151,442.06 | 4.55% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,450 | $84,039 | $100,774.5 | $16,735.5 | 19.91% |
 Daniel L. Lippincott Karpus Management Inc. | 412,721 | $9.38M | $12.14M | $2.76M | 29.42% |
 Jeff Ameen Spire Wealth Management | 115,599 | $2.77M | $3.25M | $487,039.65 | 17.61% |
 Jennifer Grunberg Allspring Global Investments Holdings LLC | 98,412 | $2.5M | $2.88M | $381,326.1 | 15.26% |
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) FAQ
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Eaton Vance Tax-Advantaged Dividend Income Fund Profile
| NYSE Exchange | US Country |
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.
