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, Including Area Code)
August 31
Date of Fiscal Year End
May 31, 2012
Date of Reporting Period
Item 1. Schedule of Investments
Eaton Vance
Tax-Advantaged Dividend Income Fund
May 31, 2012
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks — 87.0%
Security | Shares | Value | ||||||
Aerospace & Defense — 2.6% |
||||||||
General Dynamics Corp.(1) |
85,000 | $ | 5,440,850 | |||||
Honeywell International, Inc.(1) |
300,000 | 16,698,000 | ||||||
United Technologies Corp.(1) |
130,000 | 9,634,300 | ||||||
|
|
|||||||
$ | 31,773,150 | |||||||
|
|
|||||||
Automobiles — 1.6% |
||||||||
Ford Motor Co.(1) |
1,860,000 | $ | 19,641,600 | |||||
|
|
|||||||
$ | 19,641,600 | |||||||
|
|
|||||||
Building Products — 1.1% |
||||||||
Compagnie de Saint-Gobain(1) |
370,000 | $ | 13,168,577 | |||||
|
|
|||||||
$ | 13,168,577 | |||||||
|
|
|||||||
Commercial Banks — 10.5% |
||||||||
DNB ASA(1) |
700,000 | $ | 6,339,971 | |||||
Fifth Third Bancorp(1) |
2,350,000 | 31,372,500 | ||||||
National Australia Bank, Ltd. |
640,000 | 13,997,973 | ||||||
PNC Financial Services Group, Inc.(1) |
150,000 | 9,213,000 | ||||||
Svenska Handelsbanken AB(1) |
60,000 | 1,683,432 | ||||||
Swedbank AB, Class A(1) |
300,000 | 4,287,550 | ||||||
U.S. Bancorp(1) |
819,000 | 25,479,090 | ||||||
Wells Fargo & Co.(1) |
1,170,000 | 37,498,500 | ||||||
|
|
|||||||
$ | 129,872,016 | |||||||
|
|
|||||||
Computers & Peripherals — 1.9% |
||||||||
Apple, Inc.(1)(2) |
40,700 | $ | 23,513,611 | |||||
|
|
|||||||
$ | 23,513,611 | |||||||
|
|
|||||||
Construction & Engineering — 1.3% |
||||||||
Vinci SA(1) |
400,000 | $ | 16,062,183 | |||||
|
|
|||||||
$ | 16,062,183 | |||||||
|
|
|||||||
Diversified Financial Services — 4.2% |
||||||||
Citigroup, Inc.(1) |
755,000 | $ | 20,015,050 | |||||
Deutsche Boerse AG(1) |
41,783 | 1,999,338 | ||||||
JPMorgan Chase & Co.(1) |
910,000 | 30,166,500 | ||||||
|
|
|||||||
$ | 52,180,888 | |||||||
|
|
|||||||
Diversified Telecommunication Services — 6.9% |
||||||||
AT&T, Inc.(1) |
378,750 | $ | 12,941,887 | |||||
CenturyLink, Inc.(1) |
480,000 | 18,825,600 | ||||||
Deutsche Telekom AG |
2,200,000 | 21,705,367 | ||||||
Tele2 AB, Class B(1) |
400,000 | 5,950,050 | ||||||
Vivendi SA(1) |
1,601,666 | 25,927,799 | ||||||
|
|
|||||||
$ | 85,350,703 | |||||||
|
|
1
Security | Shares | Value | ||||||
Electric Utilities — 4.1% |
||||||||
E.ON AG(1) |
400,000 | $ | 7,335,952 | |||||
Edison International(1) |
677,000 | 30,437,920 | ||||||
NextEra Energy, Inc.(1) |
190,000 | 12,414,600 | ||||||
|
|
|||||||
$ | 50,188,472 | |||||||
|
|
|||||||
Electrical Equipment — 0.4% |
||||||||
Emerson Electric Co.(1) |
110,000 | $ | 5,144,700 | |||||
|
|
|||||||
$ | 5,144,700 | |||||||
|
|
|||||||
Food Products — 6.1% |
||||||||
Kraft Foods, Inc., Class A(1) |
622,821 | $ | 23,835,360 | |||||
Nestle SA(1) |
338,000 | 19,179,617 | ||||||
Sara Lee Corp.(1) |
1,570,000 | 32,813,000 | ||||||
|
|
|||||||
$ | 75,827,977 | |||||||
|
|
|||||||
Hotels, Restaurants & Leisure — 0.9% |
||||||||
Carnival Corp.(1) |
340,000 | $ | 10,910,600 | |||||
|
|
|||||||
$ | 10,910,600 | |||||||
|
|
|||||||
Insurance — 2.6% |
||||||||
Swiss Reinsurance Co., Ltd.(1)(2) |
380,000 | $ | 22,019,624 | |||||
Zurich Insurance Group AG(1)(2) |
50,000 | 10,277,650 | ||||||
|
|
|||||||
$ | 32,297,274 | |||||||
|
|
|||||||
IT Services — 2.9% |
||||||||
International Business Machines Corp.(1) |
186,000 | $ | 35,879,400 | |||||
|
|
|||||||
$ | 35,879,400 | |||||||
|
|
|||||||
Machinery — 1.7% |
||||||||
Deere & Co.(1) |
144,000 | $ | 10,637,280 | |||||
Stanley Black & Decker, Inc.(1) |
155,000 | 10,268,750 | ||||||
|
|
|||||||
$ | 20,906,030 | |||||||
|
|
|||||||
Metals & Mining — 2.2% |
||||||||
BHP Billiton, Ltd. ADR(1) |
245,000 | $ | 15,074,850 | |||||
Vale SA ADR(1) |
621,000 | 11,370,510 | ||||||
|
|
|||||||
$ | 26,445,360 | |||||||
|
|
|||||||
Multi-Utilities — 5.9% |
||||||||
GDF Suez(1) |
400,000 | $ | 7,915,863 | |||||
RWE AG(1) |
290,000 | 10,625,264 | ||||||
Sempra Energy(1) |
500,000 | 32,505,000 | ||||||
Veolia Environnement(1) |
1,935,000 | 22,296,603 | ||||||
|
|
|||||||
$ | 73,342,730 | |||||||
|
|
|||||||
Oil, Gas & Consumable Fuels — 8.1% |
||||||||
Chevron Corp.(1) |
275,000 | $ | 27,035,250 | |||||
ConocoPhillips(1) |
225,000 | 11,736,000 | ||||||
ENI SpA(1) |
1,544,000 | 29,744,157 | ||||||
Marathon Oil Corp.(1) |
621,000 | 15,469,110 | ||||||
Phillips 66(1)(2) |
237,500 | 7,132,125 | ||||||
Royal Dutch Shell PLC, Class A(1) |
270,000 | 8,392,346 | ||||||
|
|
|||||||
$ | 99,508,988 | |||||||
|
|
2
Security | Shares | Value | ||||||
Pharmaceuticals — 8.1% |
||||||||
Abbott Laboratories(1) |
130,000 | $ | 8,032,700 | |||||
Bristol-Myers Squibb Co.(1) |
160,000 | 5,334,400 | ||||||
Johnson & Johnson(1) |
330,000 | 20,601,900 | ||||||
Merck & Co., Inc.(1) |
596,307 | 22,409,217 | ||||||
Pfizer, Inc.(1) |
720,000 | 15,746,400 | ||||||
Sanofi SA(1) |
417,000 | 28,404,854 | ||||||
|
|
|||||||
$ | 100,529,471 | |||||||
|
|
|||||||
Road & Rail — 1.9% |
||||||||
Union Pacific Corp.(1) |
212,000 | $ | 23,616,800 | |||||
|
|
|||||||
$ | 23,616,800 | |||||||
|
|
|||||||
Software — 4.4% |
||||||||
Microsoft Corp.(1) |
1,070,000 | $ | 31,233,300 | |||||
Oracle Corp.(1) |
880,000 | 23,293,600 | ||||||
|
|
|||||||
$ | 54,526,900 | |||||||
|
|
|||||||
Specialty Retail — 2.4% |
||||||||
Hennes & Mauritz AB, Class B(1) |
700,000 | $ | 20,844,055 | |||||
Limited Brands, Inc.(1) |
200,000 | 8,872,000 | ||||||
|
|
|||||||
$ | 29,716,055 | |||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods — 1.8% |
||||||||
VF Corp.(1) |
157,000 | $ | 22,143,280 | |||||
|
|
|||||||
$ | 22,143,280 | |||||||
|
|
|||||||
Tobacco — 1.9% |
||||||||
Philip Morris International, Inc.(1) |
280,000 | $ | 23,662,800 | |||||
|
|
|||||||
$ | 23,662,800 | |||||||
|
|
|||||||
Wireless Telecommunication Services — 1.5% |
||||||||
Vodafone Group PLC ADR |
670,000 | $ | 17,949,300 | |||||
|
|
|||||||
$ | 17,949,300 | |||||||
|
|
|||||||
Total Common Stocks |
$ | 1,074,158,865 | ||||||
|
|
|||||||
Preferred Stocks — 34.3% |
||||||||
Security | Shares | Value | ||||||
Capital Markets — 0.6% |
||||||||
Charles Schwab Corp. (The), 7.00%(3) |
7,065 | $ | 7,744,339 | |||||
|
|
|||||||
$ | 7,744,339 | |||||||
|
|
3
Security | Shares | Value | ||||||
Commercial Banks — 17.1% |
||||||||
Abbey National Capital Trust I, 8.963%(3) |
10,490 | $ | 10,619,508 | |||||
Bank of America Corp., 8.125%(3) |
14,003 | 14,263,331 | ||||||
Barclays Bank PLC, 7.10% |
321,486 | 7,799,250 | ||||||
BNP Paribas, 7.195%(3)(4) |
70.17 | 5,990,261 | ||||||
CoBank, ACB, 7.00%(4) |
400,000 | 20,562,520 | ||||||
Countrywide Capital V, 7.00% |
133,000 | 3,152,100 | ||||||
Deutsche Bank Contingent Capital Trust III, 7.60% |
404,580 | 10,090,225 | ||||||
Farm Credit Bank of Texas, Series 1, 10.00% |
10,973 | 13,075,015 | ||||||
First Republic Bank, Series A, 6.70% |
224,500 | 5,843,735 | ||||||
First Republic Bank, Series B, 6.20% |
180,000 | 4,477,500 | ||||||
JPMorgan Chase & Co., Series 1, 7.90%(3) |
27,629 | 30,253,445 | ||||||
KeyCorp, Series A, 7.75% |
110,437 | 12,177,888 | ||||||
Landsbanki Islands HF, 7.431%(2)(3)(4)(5)(6) |
20,750 | 0 | ||||||
Lloyds Banking Group PLC, 6.267%(2)(3)(4) |
8,237 | 4,736,275 | ||||||
Lloyds Banking Group PLC, 6.657%(2)(3)(4) |
12,213 | 7,266,735 | ||||||
PNC Financial Services Group, Inc., Series P, 6.125%(3) |
469,500 | 12,066,150 | ||||||
Royal Bank of Scotland Group PLC, Series F, 7.65% |
134,739 | 2,921,142 | ||||||
Royal Bank of Scotland Group PLC, Series H, 7.25% |
10,975 | 227,731 | ||||||
Royal Bank of Scotland Group PLC, Series Q, 6.75%(2) |
32,275 | 564,167 | ||||||
Royal Bank of Scotland Group PLC, Series S, 6.60%(2) |
294,365 | 5,015,980 | ||||||
Royal Bank of Scotland Group PLC, Series T, 7.25%(2) |
128,495 | 2,419,561 | ||||||
Standard Chartered PLC, 6.409%(3)(4) |
33.60 | 3,118,011 | ||||||
Standard Chartered PLC, 7.014%(3)(4) |
100.33 | 10,009,340 | ||||||
U.S. Bancorp, Series F, 6.50%(3) |
258,737 | 6,945,148 | ||||||
Wells Fargo & Co., Series L, 7.50% |
15,390 | 17,067,356 | ||||||
|
|
|||||||
$ | 210,662,374 | |||||||
|
|
|||||||
Consumer Finance — 1.1% |
||||||||
Ally Financial, Inc., Series A, 8.50%(3) |
646,050 | $ | 14,112,187 | |||||
|
|
|||||||
$ | 14,112,187 | |||||||
|
|
|||||||
Diversified Financial Services — 1.5% |
||||||||
Citigroup Capital XI, 6.00% |
346,060 | $ | 8,308,900 | |||||
Elmira Savings Bank FSB (The), 8.998%(3) |
4,750 | 3,823,750 | ||||||
HSBC Capital Funding LP, 10.176%(3)(4) |
4,737 | 6,358,949 | ||||||
|
|
|||||||
$ | 18,491,599 | |||||||
|
|
|||||||
Electric Utilities — 3.7% |
||||||||
Entergy Arkansas, Inc., 6.45% |
325,000 | $ | 8,155,485 | |||||
Entergy Louisiana, LLC, 6.95% |
31,305 | 3,133,437 | ||||||
NextEra Energy Capital Holdings, Inc., Series G, 5.70% |
225,000 | 5,786,730 | ||||||
Southern California Edison Co., Series C, 6.00% |
36,405 | 3,635,949 | ||||||
Southern California Edison Co., Series D, 6.50% |
91,800 | 9,696,375 | ||||||
Southern California Edison Co., Series E, 6.25%(3) |
4,967 | 5,365,020 | ||||||
Virginia Electric and Power Co., 6.12% |
90 | 9,396,096 | ||||||
|
|
|||||||
$ | 45,169,092 | |||||||
|
|
4
Security | Shares | Value | ||||||
Food Products — 1.1% |
||||||||
Dairy Farmers of America, 7.875%(4) |
94,450 | $ | 9,592,578 | |||||
Ocean Spray Cranberries, Inc., 6.25%(4) |
47,500 | 4,279,456 | ||||||
|
|
|||||||
$ | 13,872,034 | |||||||
|
|
|||||||
Insurance — 6.9% |
||||||||
American Overseas Group, Ltd., Series A, 7.50%(2)(3) |
13,000 | $ | 4,940,813 | |||||
Arch Capital Group, Ltd., Series C, 6.75% |
371,500 | 9,635,781 | ||||||
Aspen Insurance Holdings, Ltd., 7.401%(3) |
89,150 | 2,277,783 | ||||||
AXA SA, 6.379%(3)(4) |
5,128 | 4,150,676 | ||||||
Axis Capital Holdings, Ltd., Series C, 6.875% |
331,600 | 8,508,856 | ||||||
Endurance Specialty Holdings, Ltd., Series B, 7.50% |
371,500 | 9,688,720 | ||||||
Montpelier Re Holdings, Ltd., 8.875% |
698,427 | 19,206,742 | ||||||
PartnerRe, Ltd., Series E, 7.25% |
307,759 | 8,044,820 | ||||||
Prudential PLC, 6.50% |
8,867 | 8,195,571 | ||||||
RenaissanceRe Holdings, Ltd., Series D, 6.60% |
297,143 | 7,488,004 | ||||||
XLIT, Ltd., Series D, 3.586%(3) |
5,200 | 3,752,450 | ||||||
|
|
|||||||
$ | 85,890,216 | |||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) — 1.9% |
||||||||
CapLease, Inc., Series A, 8.125% |
400,000 | $ | 10,036,000 | |||||
Cedar Shopping Centers, Inc., Series A, 8.875% |
213,551 | 5,362,266 | ||||||
Regency Centers Corp., Series 6, 6.625% |
83,824 | 2,170,203 | ||||||
Sunstone Hotel Investors, Inc., Series D, 8.00% |
239,400 | 6,022,418 | ||||||
|
|
|||||||
$ | 23,590,887 | |||||||
|
|
|||||||
Telecommunications — 0.4% |
||||||||
Centaur Funding Corp., 9.08%(4) |
3,760 | $ | 4,486,150 | |||||
|
|
|||||||
$ | 4,486,150 | |||||||
|
|
|||||||
Total Preferred Stocks |
$ | 424,018,878 | ||||||
|
|
|||||||
Corporate Bonds & Notes — 11.5% |
||||||||
Security | Principal Amount (000’s omitted) |
Value | ||||||
Commercial Banks — 2.6% |
||||||||
ABN Amro North American Holding Preferred Capital Repackage Trust I, |
$ | 3,850 | $ | 3,359,125 | ||||
Banco Industriale Comercial SA, 8.50%, 4/27/20(4) |
2,010 | 2,025,075 | ||||||
Capital One Capital III, 7.686% to 8/15/36, 8/1/66(7) |
1,347 | 1,365,521 | ||||||
CBA Capital Trust II, 6.024% to 3/15/16, 3/29/49(4)(7) |
5,000 | 4,708,525 | ||||||
Citigroup Capital III, 7.625%, 12/1/36 |
4,730 | 4,919,607 | ||||||
Groupe BPCE, 12.50% to 9/30/19, 8/29/49(4)(7) |
10,691 | 10,390,765 | ||||||
Mellon Capital IV, 6.244% to 6/20/12, 6/29/49(7) |
2,330 | 1,881,475 | ||||||
SunTrust Preferred Capital I, 4.00%, 6/29/49(3) |
5,100 | 3,525,375 | ||||||
|
|
|||||||
$ | 32,175,468 | |||||||
|
|
|||||||
Diversified Financial Services — 2.0% |
||||||||
GE Capital Trust I, 6.375% to 11/15/17, 11/15/67(7) |
$ | 6,524 | $ | 6,703,410 | ||||
HSBC Finance Capital Trust IX, 5.911% to 11/30/15, 11/30/35(7) |
2,900 | 2,682,500 | ||||||
Textron Financial Corp., 6.00% to 2/15/17, 2/15/67(4)(7) |
13,900 | 10,981,000 | ||||||
ZFS Finance USA Trust V, 6.50% to 5/9/17, 5/9/37, 5/9/67(4)(7)(8) |
4,680 | 4,527,900 | ||||||
|
|
|||||||
$ | 24,894,810 | |||||||
|
|
5
Security | Principal Amount (000’s omitted) |
Value | ||||||
Electric Utilities — 1.6% |
||||||||
Energisa SA, 9.50%, 1/29/49(4) |
$ | 4,290 | $ | 4,418,700 | ||||
PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67(7) |
15,500 | 15,399,358 | ||||||
|
|
|||||||
$ | 19,818,058 | |||||||
|
|
|||||||
Industrial Conglomerates — 0.6% |
||||||||
Hutchison Whampoa International 12, Ltd., 6.00% to 5/7/17, 5/29/49(4)(7) |
$ | 6,900 | $ | 6,839,625 | ||||
|
|
|||||||
$ | 6,839,625 | |||||||
|
|
|||||||
Insurance — 3.2% |
||||||||
Allstate Corp. (The), 6.125% to 5/15/17, 5/15/37, 5/15/67(7)(8) |
$ | 1,565 | $ | 1,486,750 | ||||
MetLife, Inc., 10.75% to 8/1/34, 8/1/39, 8/1/69(7)(8) |
9,825 | 13,509,375 | ||||||
QBE Capital Funding II LP, 6.797% to 6/1/17, 6/29/49(4)(7) |
3,685 | 3,213,029 | ||||||
QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41(4)(7) |
2,839 | 2,601,819 | ||||||
Swiss Re Capital I, LP, 6.854% to 5/25/16, 5/29/49(4)(7) |
8,921 | 8,222,530 | ||||||
XL Capital, Ltd., Series E, 6.50% to 4/15/17, 12/29/49(7) |
12,688 | 9,833,200 | ||||||
|
|
|||||||
$ | 38,866,703 | |||||||
|
|
|||||||
Pipelines — 1.5% |
||||||||
Enterprise Products Operating, LLC, 7.00% to 6/1/17, 6/1/67(7) |
$ | 5,105 | $ | 5,104,290 | ||||
Southern Union Co., 3.483%, 11/1/66(3) |
16,265 | 13,804,919 | ||||||
|
|
|||||||
$ | 18,909,209 | |||||||
|
|
|||||||
Total Corporate Bonds & Notes |
$ | 141,503,873 | ||||||
|
|
|||||||
Short-Term Investments — 3.3% |
||||||||
Description | Interest (000’s omitted) |
Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.10%(9) |
$ | 41,040 | $ | 41,040,463 | ||||
|
|
|||||||
Total Short-Term Investments |
$ | 41,040,463 | ||||||
|
|
|||||||
Total Investments — 136.1% |
$ | 1,680,722,079 | ||||||
|
|
|||||||
Other Assets, Less Liabilities — (36.1)% |
$ | (445,682,755 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,235,039,324 | ||||||
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
ADR |
- | American Depositary Receipt |
(1) | Security has been segregated as collateral with the custodian for borrowings under the Committed Facility Agreement. |
(2) | Non-income producing security. |
(3) | Variable rate security. The stated interest rate represents the rate in effect at May 31, 2012. |
(4) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At May 31, 2012, the aggregate value of these securities is $141,839,044 or 11.5% of the Fund’s net assets. |
(5) | Defaulted security. |
(6) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
6
(7) | Security converts to floating rate after the indicated fixed-rate coupon period. |
(8) | The maturity dates shown are the scheduled maturity date and final maturity date, respectively. The scheduled maturity date is earlier than the final maturity date due to the possibility of earlier repayment. |
(9) | 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 May 31, 2012. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2012 was $18,045. |
Country Concentration of Portfolio
Country | Percentage of Total Investments |
Value | ||||||
United States |
70.6 | % | $ | 1,187,169,903 | ||||
France |
7.6 | 128,317,320 | ||||||
Bermuda |
3.9 | 64,850,706 | ||||||
Switzerland |
3.5 | 59,699,421 | ||||||
United Kingdom |
3.1 | 52,556,212 | ||||||
Germany |
2.5 | 41,665,921 | ||||||
Australia |
2.1 | 34,887,671 | ||||||
Sweden |
1.9 | 32,765,087 | ||||||
Italy |
1.8 | 29,744,157 | ||||||
Cayman Islands |
1.5 | 24,911,425 | ||||||
Brazil |
1.1 | 17,814,285 | ||||||
Norway |
0.4 | 6,339,971 | ||||||
Iceland |
0.0 | 0 | ||||||
|
|
|
|
|||||
Total Investments |
100.0 | % | $ | 1,680,722,079 | ||||
|
|
|
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A summary of open financial instruments at May 31, 2012 is as follows:
Forward Foreign Currency Exchange Contracts
Sales
Settlement Date |
Deliver |
In Exchange For |
Counterparty |
Net Unrealized Appreciation |
||||||
6/29/12 | British Pound Sterling 11,729,205 |
United States Dollar 18,175,810 |
Citibank NA | $ | 100,737 | |||||
6/29/12 | British Pound Sterling 11,729,205 |
United States Dollar 18,177,030 |
Standard Chartered Bank | 101,957 | ||||||
6/29/12 | British Pound Sterling 11,729,205 |
United States Dollar 18,177,218 |
State Street Bank and Trust Co. | 102,144 | ||||||
6/29/12 | Euro 44,040,517 |
United States Dollar 54,575,670 |
Citibank NA | 113,510 | ||||||
6/29/12 | Euro 44,040,517 |
United States Dollar 54,584,434 |
Standard Chartered Bank | 122,274 | ||||||
6/29/12 | Euro 44,040,517 |
United States Dollar 54,575,978 |
State Street Bank and Trust Co. | 113,818 | ||||||
|
|
|||||||||
$ | 654,440 | |||||||||
|
|
At May 31, 2012, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
The Fund is subject to foreign exchange risk in the normal course of pursuing its investment objective. Because the Fund holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Fund enters into forward foreign currency exchange contracts. The Fund also enters into such contracts to hedge the currency risk of investments it anticipates purchasing.
7
At May 31, 2012, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and whose primary underlying risk exposure is foreign exchange risk was $654,440.
The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2012, as determined on a federal income tax basis, were as follows:
Aggregate cost |
$ | 1,541,096,237 | ||
|
|
|||
Gross unrealized appreciation |
$ | 249,240,911 | ||
Gross unrealized depreciation |
(109,615,069 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 139,625,842 | ||
|
|
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) |
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.
8
At May 31, 2012, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
||||||||||||||||
Consumer Discretionary |
$ | 61,567,480 | $ | 20,844,055 | $ | — | $ | 82,411,535 | ||||||||
Consumer Staples |
80,311,160 | 19,179,617 | — | 99,490,777 | ||||||||||||
Energy |
61,372,485 | 38,136,503 | — | 99,508,988 | ||||||||||||
Financials |
153,744,640 | 60,605,538 | — | 214,350,178 | ||||||||||||
Health Care |
72,124,617 | 28,404,854 | — | 100,529,471 | ||||||||||||
Industrials |
81,440,680 | 29,230,760 | — | 110,671,440 | ||||||||||||
Information Technology |
113,919,911 | — | — | 113,919,911 | ||||||||||||
Materials |
26,445,360 | — | — | 26,445,360 | ||||||||||||
Telecommunication Services |
49,716,787 | 53,583,216 | — | 103,300,003 | ||||||||||||
Utilities |
75,357,520 | 48,173,682 | — | 123,531,202 | ||||||||||||
Total Common Stocks |
$ | 776,000,640 | $ | 298,158,225 | * | $ | — | $ | 1,074,158,865 | |||||||
Preferred Stocks | ||||||||||||||||
Consumer Staples |
$ | — | $ | 13,872,034 | $ | — | $ | 13,872,034 | ||||||||
Financials |
160,437,579 | 200,054,023 | 0 | 360,491,602 | ||||||||||||
Telecommunication Services |
— | 4,486,150 | — | 4,486,150 | ||||||||||||
Utilities |
— | 45,169,092 | — | 45,169,092 | ||||||||||||
Total Preferred Stocks |
$ | 160,437,579 | $ | 263,581,299 | $ | 0 | $ | 424,018,878 | ||||||||
Corporate Bonds & Notes |
$ | — | $ | 141,503,873 | $ | — | $ | 141,503,873 | ||||||||
Short-Term Investments |
— | 41,040,463 | — | 41,040,463 | ||||||||||||
Total Investments |
$ | 936,438,219 | $ | 744,283,860 | $ | 0 | $ | 1,680,722,079 | ||||||||
Forward Foreign Currency Exchange Contracts |
$ | — | $ | 654,440 | $ | — | $ | 654,440 | ||||||||
Total |
$ | 936,438,219 | $ | 744,938,300 | $ | 0 | $ | 1,681,376,519 |
* | 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. |
There was no activity in investments valued based on Level 3 inputs during the period ended May 31, 2012 to require a reconciliation of Level 3 investments. At May 31, 2012, there were no investments transferred between Level 1and 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.
9
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/ Judith A. Saryan | |
Judith A. Saryan | ||
President | ||
Date: | July 25, 2012 |
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/ Judith A. Saryan | |
Judith A. Saryan | ||
President | ||
Date: | July 25, 2012 |
By: | /s/ Barbara E. Campbell | |
Barbara E. Campbell | ||
Treasurer | ||
Date: | July 25, 2012 |