Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
Frequently Asked Questions About Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
Can I hold EVT in a tax-advantaged account like an IRA?
Yes, investors can hold Eaton Vance Tax-Advantaged Dividend Income Fund shares in tax-advantaged accounts such as IRAs or 401(k)s. While the fund is designed for tax efficiency in taxable accounts, holding it in tax-advantaged accounts allows investors to benefit from the fund's income without immediate tax obligations. This setup can maximize the overall growth potential of retirement savings.
How are the returns of EVT typically compared to its benchmark?
Eaton Vance Tax-Advantaged Dividend Income Fund aims to outperform its benchmark, which is often a blend of equity indices that reflect its investment strategy. Investors should monitor the fund's performance over various time frames to assess its effectiveness in delivering returns relative to market differentials. The fund's management employs active strategies to potentially enhance returns relative to the benchmark.
How can I invest in EVT?
Investing in Eaton Vance Tax-Advantaged Dividend Income Fund can be done through most brokerage accounts that allow trading of stocks and mutual funds. Investors can buy shares on the stock market using the ticker symbol EVT. It's advisable to conduct thorough research or consult with a financial advisor regarding the timing and amount of investment.
How does EVT approach sustainability in its investments?
Eaton Vance Tax-Advantaged Dividend Income Fund integrates sustainability considerations into its investment processes, aligning with broader trends toward responsible investing. The fund assesses environmental, social, and governance (ESG) factors when evaluating potential investment opportunities, seeking to invest in companies that demonstrate responsible practices alongside their financial viability.
How does EVT generate tax-advantaged income?
EVT generates tax-advantaged income primarily through investing in U.S. stocks that pay qualified dividends. These dividends can be subject to lower federal income tax rates compared to ordinary income, which provides a tax-efficient income stream for shareholders. The fund's investment strategy is aimed at maximizing this tax advantage for its investors.
How does EVT navigate market volatility?
Eaton Vance Tax-Advantaged Dividend Income Fund navigates market volatility through active management and strategic portfolio positioning. The fund's management team seeks to mitigate risks while capitalizing on opportunities even during turbulent market conditions. Strategies may include diversifying investments across sectors and employing options to manage exposure and enhance income.
Is EVT suitable for all types of investors?
While Eaton Vance Tax-Advantaged Dividend Income Fund may appeal to many investors seeking income and tax advantages, it may not be suitable for all investors. Those with a low-risk tolerance or those looking for aggressive growth may find other investment vehicles more appropriate. It's essential for investors to assess their individual financial goals and consult with a financial advisor before investing.
What are the risks associated with investing in EVT?
Investing in the Eaton Vance Tax-Advantaged Dividend Income Fund, like any investment in equity securities, carries risks including market risk, interest rate risk, and sector risk. Changes in market conditions can lead to fluctuations in the value of the underlying stocks, and dividends may be reduced or eliminated. Investors should carefully consider their risk tolerance before investing.
What does Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) do?
Eaton Vance Tax-Advantaged Dividend Income Fund primarily aims to provide a high level of current income through investments in equity securities. The fund specializes in generating tax-advantaged income, focusing on dividend-paying stocks, particularly those that qualify for tax benefits under certain provisions for U.S. investors. By investing in companies with strong dividend histories, the fund seeks to enhance the after-tax income of its shareholders.
What factors does EVT consider when selecting investments?
When selecting investments for the Eaton Vance Tax-Advantaged Dividend Income Fund, the management team evaluates factors such as individual company fundamentals, dividend history, yield potential, and market conditions. The fund employs a disciplined investment approach to identify companies with sustainable dividend payouts and growth prospects, ensuring alignment with its overall income-focused strategy.
What is EVT's investment objective?
Eaton Vance Tax-Advantaged Dividend Income Fund's primary investment objective is to provide a significant level of current income, complemented by long-term capital appreciation. The fund aims to benefit investors looking for income-generating investments while offering the potential for capital growth over time, utilizing a diversified portfolio of equity securities that align with this objective.
What is the current NAV of EVT?
The net asset value (NAV) of Eaton Vance Tax-Advantaged Dividend Income Fund is calculated daily and reflects the market value of its assets minus liabilities. Investors can check the most current NAV through various financial information platforms or on the Eaton Vance website, as it is a key indicator of the fund's performance and growth.
What is the distribution frequency of EVT's dividends?
Eaton Vance Tax-Advantaged Dividend Income Fund typically distributes dividends on a monthly basis. This regular distribution allows investors to receive consistent income, making it an attractive option for those seeking stable cash flow. The fund's distribution policy emphasizes delivering predictable returns while adhering to its tax-advantaged investment strategy.
What is the dividend yield of EVT?
The dividend yield of Eaton Vance Tax-Advantaged Dividend Income Fund varies over time based on the fund's distributions and market price. Typically, the yield is calculated by taking the annual dividends per share divided by the share price. Investors interested in income should monitor both yield and historical distributions to gauge the fund's performance in delivering returns.
What is the expense ratio of EVT?
The expense ratio of Eaton Vance Tax-Advantaged Dividend Income Fund is a measure of the fund's operating expenses relative to its net assets. As of the latest available data, the expense ratio is generally competitive within the space of similar funds. It is important for investors to consider this metric as it directly impacts overall returns.
What is the significance of a closed-end fund like EVT?
As a closed-end fund, Eaton Vance Tax-Advantaged Dividend Income Fund issues a fixed number of shares that are traded on an exchange like a stock. This structure allows for the potential of price fluctuations that differ from its net asset value (NAV). Closed-end funds often offer opportunities for investors to buy shares at a discount or premium to NAV, which can affect overall returns.
What type of investments does EVT typically hold?
The Eaton Vance Tax-Advantaged Dividend Income Fund typically invests in a diversified portfolio of dividend-paying common and preferred stocks. These investments are usually concentrated in large-cap and mid-cap companies that demonstrate a strong history of paying consistent dividends. The fund may also employ options strategies to enhance income or manage risks.
When was Eaton Vance Tax-Advantaged Dividend Income Fund launched?
Eaton Vance Tax-Advantaged Dividend Income Fund was launched on June 17, 2004. Since its inception, the fund has been designed to deliver a combination of income and long-term capital appreciation by investing in high-quality dividend-paying stocks. Its long history reflects management's experience in pursuing effective income-generating strategies.
Where can I find more information about EVT?
More information about Eaton Vance Tax-Advantaged Dividend Income Fund, including historical performance, current holdings, and additional resources, can be found on the Eaton Vance website. This includes access to financial reports, prospectuses, and market commentary which can provide further insights into the fund's operations and investment strategies.
Who is the investment manager for EVT?
Eaton Vance Management serves as the investment manager for the Eaton Vance Tax-Advantaged Dividend Income Fund. Founded in 1924, Eaton Vance is well-known for its investment expertise and dedication to delivering attractive risk-adjusted returns. The firm's seasoned team actively manages the fund's portfolio, leveraging their market knowledge and investment strategies to seek optimal outcomes.
What is the current price of Eaton Vance Tax-Advantaged Dividend Income Fund?
The current price of Eaton Vance Tax-Advantaged Dividend Income Fund is 22.62
When was Eaton Vance Tax-Advantaged Dividend Income Fund last traded?
The last trade of Eaton Vance Tax-Advantaged Dividend Income Fund was at 4:00 pm EDT on April 3rd, 2025