John Hancock Tax-Advantaged Dividend Income Fund Overview
Pro stress-test →John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund seeks to provide a high level of after-tax total return from dividend income and capital appreciation. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.
Strategic Profile
Pro stress-test →The fund primarily invests in dividend-paying common and preferred stocks of companies which have dividends that qualify for a more favorable long-term capital gains tax rate. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 55% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 45% S&P 500 Utilities Index. In June 2025, the fund's Board of Trustees voted to amend its managed distribution plan, increasing the monthly distribution by 15 percent to $0.158 per share.
Competitive Landscape
Pro stress-test →HTD competes in the closed-end dividend fund space against similar tax-advantaged equity funds managed by other major asset managers. Primary competitors include other closed-end dividend income funds focused on utilities, preferreds, and dividend-paying equities, with positioning differentiated by geographic focus (U.S.-only), sector emphasis (utilities-heavy), and tax-advantaged dividend strategy.
Industry Context
John Hancock Tax-Advantaged Dividend Income Fund operates in Closed-end dividend equity funds.
Key facts
Founded: 2004 · Headquarters: Boston, MA · Employees: N/A · Revenue: $71.13 million (Fiscal 2025) · Market cap: N/A