N-Q 1 d30100dnq.htm EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND 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)

August 31

Date of Fiscal Year End

November 30, 2015

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance

Tax-Advantaged Dividend Income Fund

November 30, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 88.4%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 2.8%

      

United Technologies Corp.(1)

      466,424       $ 44,800,025   
     

 

 

  
      $ 44,800,025   
     

 

 

  

Air Freight & Logistics — 1.0%

      

C.H. Robinson Worldwide, Inc.(1)

      242,651       $ 16,361,957   
     

 

 

  
      $ 16,361,957   
     

 

 

  

Banks — 9.1%

      

Citigroup, Inc.(1)

      461,879       $ 24,983,035   

JPMorgan Chase & Co.(1)

      699,552         46,646,127   

KeyCorp(1)

      1,183,915         15,521,126   

PNC Financial Services Group, Inc. (The)(1)

      182,091         17,391,512   

Wells Fargo & Co.(1)

      720,492         39,699,109   
     

 

 

  
      $ 144,240,909   
     

 

 

  

Beverages — 0.8%

      

Molson Coors Brewing Co., Class B

      140,917       $ 12,968,591   
     

 

 

  
      $ 12,968,591   
     

 

 

  

Biotechnology — 0.8%

      

Gilead Sciences, Inc.

      126,436       $ 13,397,159   
     

 

 

  
      $ 13,397,159   
     

 

 

  

Capital Markets — 6.0%

      

Affiliated Managers Group, Inc.(2)

      129,827       $ 23,009,239   

Credit Suisse Group AG(1)

      938,536         20,169,171   

Credit Suisse Group AG(3)(4)

      564,255         12,124,761   

Goldman Sachs Group, Inc. (The)(1)

      70,876         13,467,858   

Invesco, Ltd.(1)

      774,167         26,081,686   
     

 

 

  
      $ 94,852,715   
     

 

 

  

Chemicals — 3.6%

      

Linde AG

      80,555       $ 14,037,413   

PPG Industries, Inc.

      235,335         24,884,323   

Syngenta AG

      50,126         18,461,396   
     

 

 

  
      $ 57,383,132   
     

 

 

  

Consumer Finance — 0.9%

      

Synchrony Financial(2)

      426,568       $ 13,577,659   
     

 

 

  
      $ 13,577,659   
     

 

 

  

Diversified Telecommunication Services — 1.7%

      

Verizon Communications, Inc.(1)

      606,284       $ 27,555,608   
     

 

 

  
      $ 27,555,608   
     

 

 

  

Electric Utilities — 2.9%

      

Edison International(1)

      228,647       $ 13,572,486   

NextEra Energy, Inc.(1)

      329,562         32,910,061   
     

 

 

  
      $ 46,482,547   
     

 

 

  

Electrical Equipment — 0.9%

      

Hubbell, Inc., Class B

      138,325       $ 13,734,289   
     

 

 

  
      $ 13,734,289   
     

 

 

  

Energy Equipment & Services — 1.7%

      

Schlumberger, Ltd.(1)

      353,411       $ 27,265,659   
     

 

 

  
      $ 27,265,659   
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Food & Staples Retailing — 1.8%

      

Kroger Co. (The)(1)

      759,705       $ 28,610,490   
     

 

 

  
      $ 28,610,490   
     

 

 

  

Food Products — 2.5%

      

General Mills, Inc.(1)

      461,001       $ 26,627,418   

Mondelez International, Inc., Class A(1)

      282,678         12,341,721   
     

 

 

  
      $ 38,969,139   
     

 

 

  

Health Care Equipment & Supplies — 2.7%

      

Medtronic PLC(1)

      408,025       $ 30,740,604   

Zimmer Biomet Holdings, Inc.

      119,943         12,115,442   
     

 

 

  
      $ 42,856,046   
     

 

 

  

Industrial Conglomerates — 4.2%

      

General Electric Co.

      2,220,247       $ 66,474,195   
     

 

 

  
      $ 66,474,195   
     

 

 

  

Insurance — 6.5%

      

ACE, Ltd.(1)

      291,577       $ 33,487,618   

Aflac, Inc.(1)

      282,680         18,442,043   

American Financial Group, Inc.(1)

      97,361         7,204,714   

Prudential PLC

      900,322         20,871,003   

Unum Group

      232,473         8,527,110   

XL Group PLC(1)

      386,742         14,765,810   
     

 

 

  
      $ 103,298,298   
     

 

 

  

Internet Software & Services — 1.5%

      

Alphabet, Inc., Class C(1)(2)

      31,068       $ 23,071,097   
     

 

 

  
      $ 23,071,097   
     

 

 

  

Life Sciences Tools & Services — 1.2%

      

Thermo Fisher Scientific, Inc.(1)

      139,024       $ 19,240,922   
     

 

 

  
      $ 19,240,922   
     

 

 

  

Media — 1.0%

      

Walt Disney Co. (The)(1)

      139,443       $ 15,822,597   
     

 

 

  
      $ 15,822,597   
     

 

 

  

Multi-Utilities — 2.6%

      

PG&E Corp.

      376,122       $ 19,832,913   

Sempra Energy(1)

      221,605         21,989,864   
     

 

 

  
      $ 41,822,777   
     

 

 

  

Multiline Retail — 0.8%

      

Target Corp.

      169,255       $ 12,270,987   
     

 

 

  
      $ 12,270,987   
     

 

 

  

Oil, Gas & Consumable Fuels — 10.1%

      

Anadarko Petroleum Corp.(1)

      310,900       $ 18,622,910   

Chevron Corp.(1)

      507,751         46,367,821   

Devon Energy Corp.(1)

      281,543         12,953,793   

EOG Resources, Inc.

      205,315         17,129,431   

Exxon Mobil Corp.

      78,214         6,386,955   

Occidental Petroleum Corp.(1)

      526,720         39,814,765   

Phillips 66

      57,700         5,281,281   

Range Resources Corp.

      456,644         13,050,886   
     

 

 

  
      $ 159,607,842   
     

 

 

  

Pharmaceuticals — 8.5%

      

Allergan PLC(2)

      68,678       $ 21,557,337   

Eli Lilly & Co.(1)

      230,075         18,875,353   

Johnson & Johnson(1)

      492,541         49,864,851   

Merck & Co., Inc.(1)

      400,144         21,211,633   

Roche Holding AG PC

      20,496         5,490,078   

Teva Pharmaceutical Industries, Ltd. ADR(1)

      292,620         18,414,577   
     

 

 

  
      $ 135,413,829   
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Real Estate Investment Trusts (REITs) — 4.5%

      

Equity Residential(1)

      247,063       $ 19,720,569   

Federal Realty Investment Trust

      125,457         18,381,959   

Post Properties, Inc.

      169,554         9,996,904   

Public Storage(1)

      88,167         21,165,370   

Simon Property Group, Inc.

      10,382         1,933,544   
     

 

 

  
      $ 71,198,346   
     

 

 

  

Semiconductors & Semiconductor Equipment — 2.0%

      

Intel Corp.(1)

      697,241       $ 24,243,070   

NXP Semiconductors NV(2)

      78,177         7,306,422   
     

 

 

  
      $ 31,549,492   
     

 

 

  

Software — 3.0%

      

Microsoft Corp.(1)

      618,001       $ 33,588,354   

Oracle Corp.(1)

      365,905         14,259,318   
     

 

 

  
      $ 47,847,672   
     

 

 

  

Specialty Retail — 0.5%

      

Home Depot, Inc. (The)(1)

      64,074       $ 8,578,227   
     

 

 

  
      $ 8,578,227   
     

 

 

  

Textiles, Apparel & Luxury Goods — 0.3%

      

Michael Kors Holdings, Ltd.(2)

      98,000       $ 4,215,960   
     

 

 

  
      $ 4,215,960   
     

 

 

  

Tobacco — 2.5%

      

Altria Group, Inc.(1)

      220,429       $ 12,696,710   

Reynolds American, Inc.(1)

      580,346         26,841,003   
     

 

 

  
      $ 39,537,713   
     

 

 

  

Total Common Stocks
(identified cost $1,209,165,722)

       $ 1,403,005,879   
     

 

 

  

Preferred Stocks — 23.4%

      
Security    Shares      Value  

Banks — 9.9%

      

AgriBank FCB, 6.875% to 1/1/24(5)

      92,513       $ 9,797,710   

Barclays Bank PLC, 8.25% to 12/15/18(5)

      18,250         19,894,812   

Citigroup, Inc., Series K, 6.875% to 11/15/23(5)

      412,807         11,258,279   

CoBank ACB, Series F, 6.25% to 10/1/22(5)(6)

      94,700         9,807,369   

Farm Credit Bank of Texas, 6.75% to 9/15/23(5)(6)

      13,800         1,433,475   

Farm Credit Bank of Texas, Series 1, 10.00%(6)

      4,678         5,667,689   

First Tennessee Bank, 3.75%(6)(7)

      4,660         3,031,039   

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23(5)

      4,566         4,718,200   

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(5)

      5,113         5,203,069   

JPMorgan Chase & Co., Series Y, 6.125%

      317,275         8,112,722   

KeyCorp, Series A, 7.75%

      81,279         10,606,909   

Regions Financial Corp., Series A, 6.375%

      471,632         12,064,347   

Royal Bank of Scotland Group PLC, Series L, 5.75%

      336,483         8,378,427   

Standard Chartered PLC, 7.014% to 7/30/37(5)(6)

      40.97         4,536,710   

SunTrust Banks, Inc., Series E, 5.875%

      330,358         8,437,839   

Texas Capital Bancshares, Inc., 6.50%

      274,290         7,062,967   

Texas Capital Bancshares, Inc., Series A, 6.50%

      39,158         1,004,011   

Webster Financial Corp., Series E, 6.40%

      317,662         8,228,240   

Wells Fargo & Co., Series L, 7.50%

      10,588         12,361,490   

Zions Bancorporation, Series I, 5.80% to 9/15/23(5)

      1,243         1,263,813   

Zions Bancorporation, Series J, 7.20% to 9/15/23(5)

      4,120         4,507,907   
     

 

 

  
      $ 157,377,024   
     

 

 

  

 

3

 

 

                                                 
Security    Shares      Value  

Capital Markets — 2.5%

      

Affiliated Managers Group, Inc., 6.375%

      209,988       $ 5,505,634   

Goldman Sachs Group, Inc. (The), Series I, 5.95%

      171,000         4,392,990   

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23(5)

      349,225         8,803,962   

Morgan Stanley, Series G, 6.625%

      507,393         13,562,615   

State Street Corp., Series D, 5.90% to 3/15/24(5)

      253,695         6,966,845   
     

 

 

  
      $ 39,232,046   
     

 

 

  

Consumer Finance — 1.5%

      

Capital One Financial Corp., Series B, 6.00%

      593,826       $ 15,077,242   

Discover Financial Services, Series B, 6.50%

      357,557         9,374,716   
     

 

 

  
      $ 24,451,958   
     

 

 

  

Diversified Financial Services — 1.4%

      

KKR Financial Holdings, LLC, Series A, 7.375%

      435,261       $ 11,605,146   

RBS Capital Funding Trust VII, Series G, 6.08%

      395,086         9,885,052   
     

 

 

  
      $ 21,490,198   
     

 

 

  

Electric Utilities — 2.2%

      

AES Gener SA, 8.375% to 6/18/19(5)(6)

      11,310       $ 12,064,039   

Entergy Arkansas, Inc., 6.45%

      308,409         7,845,154   

NextEra Energy Capital Holdings, Inc., Series G, 5.70%

      112,500         2,871,169   

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

      150,220         3,700,144   

Southern Co. (The), 6.25%

      316,040         8,362,418   
     

 

 

  
      $ 34,842,924   
     

 

 

  

Food Products — 1.6%

      

Dairy Farmers of America, 7.875%(6)

      94,450       $ 9,911,347   

Land O’Lakes, Inc., 8.00%(6)

      9,795         10,337,806   

Ocean Spray Cranberries, Inc., 6.25%(6)

      57,835         5,201,535   
     

 

 

  
      $ 25,450,688   
     

 

 

  

Insurance — 0.6%

      

American Overseas Group, Ltd., Series A, 7.50% to 12/15/16(5)

      13,000       $ 5,200,813   

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23(5)

      70,552         1,794,137   

Endurance Specialty Holdings, Ltd., Series B, 7.50%

      92,875         2,391,531   
     

 

 

  
      $ 9,386,481   
     

 

 

  

Machinery — 1.1%

      

Stanley Black & Decker, Inc., 5.75%

      644,724       $ 16,764,436   
     

 

 

  
      $ 16,764,436   
     

 

 

  

Multi-Utilities — 0.1%

      

DTE Energy Co., Series C, 5.25%

      59,547       $ 1,466,643   
     

 

 

  
      $ 1,466,643   
     

 

 

  

Pipelines — 0.4%

      

NuStar Logistics LP, 7.625% to 1/15/18(5)

      283,020       $ 7,093,189   
     

 

 

  
      $ 7,093,189   
     

 

 

  

Real Estate Investment Trusts (REITs) — 1.2%

      

Cedar Realty Trust, Inc., Series B, 7.25%

      188,900       $ 4,697,943   

DDR Corp., Series J, 6.50%

      250,000         6,537,500   

DDR Corp., Series K, 6.25%

      129,500         3,279,264   

Vornado Realty Trust, Series K, 5.70%

      146,527         3,774,535   
     

 

 

  
      $ 18,289,242   
     

 

 

  

Thrifts & Mortgage Finance — 0.9%

      

Elmira Savings Bank, 8.998% to 12/31/17(5)

      4,750       $ 4,488,750   

EverBank Financial Corp., Series A, 6.75%

      391,931         10,125,537   
     

 

 

  
      $ 14,614,287   
     

 

 

  

Total Preferred Stocks
(identified cost $357,734,792)

       $ 370,459,116   
     

 

 

  

 

4

 

 

Corporate Bonds & Notes — 11.7%

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Banks — 4.9%

      

Banco do Brasil SA, 9.00% to 6/18/24, 6/29/49(5)(6)

    $ 5,517       $ 3,855,004   

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49(5)

      9,335         9,399,178   

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24(5)(6)

      6,118         4,861,975   

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49(5)(6)

      12,885         13,229,171   

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49(5)(6)

      16,311         16,295,504   

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49(5)

      6,180         5,988,760   

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20, 12/29/49(5)

      5,190         5,167,294   

Lloyds Banking Group PLC, 7.50% to 6/27/24, 4/30/49(5)

      4,571         4,919,539   

Societe Generale SA, 8.25% to 11/29/18, 9/29/49(5)(8)

      11,828         12,533,729   

SunTrust Preferred Capital I, 4.00%, 6/29/49(7)

      2,746         2,155,610   
     

 

 

  
      $ 78,405,764   
     

 

 

  

Diversified Financial Services — 0.6%

      

Leucadia National Corp., 6.625%, 10/23/43

    $ 7,238       $ 6,360,226   

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67(5)(6)

      3,791         2,795,863   
     

 

 

  
      $ 9,156,089   
     

 

 

  

Diversified Telecommunication Services — 0.8%

      

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73(5)(6)

    $ 11,855       $ 12,316,041   
     

 

 

  
      $ 12,316,041   
     

 

 

  

Electric Utilities — 2.0%

      

AES Panama SA, 6.00%, 6/25/22(6)

    $ 2,439       $ 2,426,805   

Enel SpA, 8.75% to 9/24/23, 9/24/73(5)(6)

      12,557         14,471,942   

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67(5)

      18,510         15,275,174   
     

 

 

  
      $ 32,173,921   
     

 

 

  

Energy Equipment & Services — 0.1%

      

Abengoa Finance S.A.U., 7.75%, 2/1/20(6)

    $ 7,369       $ 1,197,463   
     

 

 

  
      $ 1,197,463   
     

 

 

  

Insurance — 1.2%

      

Genworth Financial, Inc., 7.625%, 9/24/21

    $ 2,163       $ 2,026,731   

Genworth Financial, Inc., 7.70%, 6/15/20

      400         396,000   

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41(5)(6)

      1,680         1,866,900   

XLIT, Ltd., Series E, 6.50% to 4/15/17, 10/29/49(5)

      18,845         14,746,212   
     

 

 

  
      $ 19,035,843   
     

 

 

  

Metals & Mining — 0.7%

      

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75(5)(6)

    $ 9,480       $ 9,468,150   

Freeport-McMoRan, Inc., 3.55%, 3/1/22

      3,497         2,430,415   
     

 

 

  
      $ 11,898,565   
     

 

 

  

Oil, Gas & Consumable Fuels — 0.2%

      

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49(5)(6)

    $ 11,599       $ 3,363,710   
     

 

 

  
      $ 3,363,710   
     

 

 

  

Telecommunications — 1.2%

      

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49(5)(6)

    $ 20,770       $ 18,454,145   
     

 

 

  
      $ 18,454,145   
     

 

 

  

Total Corporate Bonds & Notes
(identified cost $206,183,981)

       $ 186,001,541   
     

 

 

  

 

5

 

 

                                                 

Exchange-Traded Funds — 2.5%

      
Security    Shares      Value  

Equity Funds — 2.5%

      

iShares U.S. Preferred Stock ETF

      1,002,350       $ 39,462,519   
     

 

 

  

Total Exchange-Traded Funds
(identified cost $39,428,522)

       $ 39,462,519   
     

 

 

  

Rights — 0.0%(9)

      
Security    Shares      Value  

Credit Suisse Group AG, Exp. 12/3/15(2)

      938,536       $ 574,698   
     

 

 

  

Total Rights
(identified cost $0)

       $ 574,698   
     

 

 

  

Short-Term Investments — 1.0%

      
Description    Interest
(000’s omitted)		      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.24%(10)

    $ 15,019       $ 15,018,626   
     

 

 

  

Total Short-Term Investments
(identified cost $15,018,626)

       $ 15,018,626   
     

 

 

  

Total Investments — 127.0%
(identified cost $1,827,531,643)

       $  2,014,522,379   
     

 

 

  

Other Assets, Less Liabilities — (27.0)%

       $ (428,120,495 ) 
     

 

 

  

Net Assets — 100.0%

       $ 1,586,401,884   
     

 

 

  

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

 

(1) Security has been segregated as collateral with the custodian for borrowings under the Committed Facility Agreement.

 

(2) Non-income producing security.

 

(3) Restricted security.

 

(4) Includes 75,234 shares to be issued upon mandatory exercise of rights pursuant to the share subscription offering.

 

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

 

(6) 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 November 30, 2015, the aggregate value of these securities is $166,593,682 or 10.5% of the Fund’s net assets.

 

(7) Variable rate security. The stated interest rate represents the rate in effect at November 30, 2015.

 

(8) 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 November 30, 2015, the aggregate value of these securities is $12,533,729 or 0.8% of the Fund’s net assets.

 

(9) Amount is less than 0.05%.

 

(10) 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 November 30, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended November 30, 2015 was $14,598.

 

6

 

 

Country Concentration of Portfolio

                                                 
Country    Percentage of
Total Investments		     Value  

United States

      81.8 %    $ 1,646,296,304   

Switzerland

      3.6        73,115,608   

United Kingdom

      2.9        58,600,491   

Ireland

      1.5        29,512,022   

Netherlands

      1.5        29,507,515   

France

      1.3        25,762,900   

Germany

      1.0        20,026,173   

Colombia

      0.9        18,454,145   

Israel

      0.9        18,414,577   

Italy

      0.7        14,471,942   

Brazil

      0.6        12,080,689   

Chile

      0.6        12,064,039   

Australia

      0.5        11,335,050   

Panama

      0.1        2,426,805   

Bermuda

      0.1        1,794,137   

Spain

      0.1        1,197,463   

Exchange-Traded Funds

      1.9        39,462,519   
  

 

 

    

 

 

  

Total Investments

      100.0 %    $     2,014,522,379   
  

 

 

    

 

 

  

Abbreviations:

ADR

   -   American Depositary Receipt

PC

   -   Participation Certificate

The Fund did not have any open financial instruments at November 30, 2015.

The cost and unrealized appreciation (depreciation) of investments of the Fund at November 30, 2015, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     1,834,511,238   
  

 

 

  

Gross unrealized appreciation

    $ 233,695,879   

Gross unrealized depreciation

      (53,684,738 ) 
  

 

 

  

Net unrealized appreciation

    $     180,011,141   
  

 

 

  

Restricted Securities

At November 30, 2015, the Fund owned the following security (representing 0.8% of net assets) which was acquired in a private offering to qualified institutional investors and was restricted as to public resale and not registered under the Securities Act of 1933. The Fund is restricted from selling these shares until December 4, 2015, after which time the shares can be sold under an available exemption from the registration requirements under the Securities Act of 1933, as amended. The unit cost of the shares purchased (excluding the cost to mandatorily exercise the rights included with the shares pursuant to the share subscription offering) is 94.5% of the volume weighted average price of unrestricted shares of the same issuer on the date of acquisition.

 

                                                                                                   
Description    Date of
Acquisition		      Shares      Cost      Value  

Common Stock

            

Credit Suisse Group AG

      10/21/15         564,255       $ 12,911,661       $ 12,124,761   
        

 

 

     

 

 

  

Total Restricted Securities

          $     12,911,661       $     12,124,761   
        

 

 

     

 

 

  

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)

 

7

 

 

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.

At November 30, 2015, 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

    $ 40,887,771       $ —       $ —       $ 40,887,771   

Consumer Staples

      120,085,933         —         —         120,085,933   

Energy

      186,873,501         —         —         186,873,501   

Financials

      374,002,992         53,164,935         —         427,167,927   

Health Care

      205,417,878         5,490,078         —         210,907,956   

Industrials

      141,370,466         —         —         141,370,466   

Information Technology

      102,468,261         —         —         102,468,261   

Materials

      24,884,323         32,498,809         —         57,383,132   

Telecommunication Services

      27,555,608         —         —         27,555,608   

Utilities

      88,305,324         —         —         88,305,324   

Total Common Stocks

    $ 1,311,852,057       $ 91,153,822 *     $ —       $ 1,403,005,879   
Preferred Stocks            

Consumer Staples

    $ —       $ 25,450,688       $ —       $ 25,450,688   

Energy

      —         7,093,189         —         7,093,189   

Financials

      130,508,380         154,332,856         —         284,841,236   

Industrials

      —         16,764,436         —         16,764,436   

Utilities

      9,829,061         26,480,506         —         36,309,567   

Total Preferred Stocks

    $ 140,337,441       $ 230,121,675       $ —       $ 370,459,116   

Corporate Bonds & Notes

    $ —       $ 186,001,541       $ —       $ 186,001,541   

Exchange-Traded Funds

      39,462,519         —         —         39,462,519   

Rights

      574,698         —         —         574,698   

Short-Term Investments

      —         15,018,626         —         15,018,626   

Total Investments

    $     1,492,226,715       $     522,295,664       $     —       $     2,014,522,379   

 

* 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.

The Fund held no investments or other financial instruments as of August 31, 2015 whose fair value was determined using Level 3 inputs. At November 30, 2015, 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.

 

8

 

 

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 being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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/ Michael A. Allison
  Michael A. Allison
  President
Date:   January 25, 2016

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/ Michael A. Allison
  Michael A. Allison
  President
Date:   January 25, 2016

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   January 25, 2016