Eaton Vance Tax-Advantaged Dividend Income Fund Overview
Pro stress-test →Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) is a closed-end equity mutual fund that invests globally in dividend-paying common and preferred stocks to deliver high after-tax total returns. Listed on the NYSE, the fund targets qualified dividends that receive favorable federal tax treatment and benchmarks against the Russell 1000 Value Index.
Strategic Profile
Pro stress-test →EVT pursues a value investment style, emphasizing dividend-paying stocks with meaningful growth potential while optimizing for tax efficiency. Managed by Eaton Vance Management—now a Morgan Stanley subsidiary since March 2021—the fund provides daily liquidity through NYSE listing and has been managing assets since its formation in September 2003.
Competitive Landscape
Pro stress-test →EVT competes in the closed-end dividend equity fund space against similar vehicles from BlackRock, Invesco, and Vanguard, along with open-end dividend-focused mutual funds and exchange-traded funds (ETFs). Its competitive edge rests on tax optimization strategies and the backing of Morgan Stanley's investment expertise, though performance relative to passive alternatives like dividend ETFs remains a key differentiator.
Industry Context
Eaton Vance Tax-Advantaged Dividend Income Fund operates in Closed-end dividend equity funds.
Key facts
Founded: 2003 · Headquarters: Boston, US · Revenue: $67.32M (FY2025) · Market cap: N/A