UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act File Number

 

811-21400

 

 

 

 

 

 

Eaton Vance Tax-Advantaged Dividend Income Fund

(Exact Name of Registrant as Specified in Charter)

 

 

 

The Eaton Vance Building,
255 State Street, Boston, Massachusetts

 

02109

(Address of Principal Executive Offices)

 

(Zip code)

 

 

 

Maureen A. Gemma
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109

(Name and Address of Agent for Service)

 

Registrant’s Telephone Number, Including Area Code:

 

(617) 482-8260

 

 

 

Date of Fiscal Year End:

 

August 31

 

 

 

Date of Reporting Period:

 

May 31, 2008

 

 



 

Item 1. Schedule of Investments

 



 

Eaton Vance Tax-Advantaged Dividend Income Fund

 

as of May 31, 2008

 

 

 

PORTFOLIO OF INVESTMENTS (Unaudited)

 

 

 

Common Stocks — 100.4%

 

Security

 

Shares

 

Value

 

Aerospace & Defense — 5.2%

 

 

 

 

 

General Dynamics Corp.

 

501,000

 

$

46,167,150

 

Honeywell International, Inc.

 

300,000

 

17,886,000

 

Lockheed Martin Corp.

 

215,000

 

23,529,600

 

United Technologies Corp.

 

310,000

 

22,022,400

 

 

 

 

 

$

109,605,150

 

Auto Components — 0.8%

 

 

 

 

 

Johnson Controls, Inc.

 

477,900

 

$

16,277,274

 

 

 

 

 

$

16,277,274

 

Capital Markets — 1.4%

 

 

 

 

 

Goldman Sachs Group, Inc.

 

170,000

 

$

29,989,700

 

 

 

 

 

$

29,989,700

 

Commercial Banks — 12.4%

 

 

 

 

 

Bank of Nova Scotia

 

206,600

 

$

10,325,868

 

BNP Paribas SA

 

376,000

 

38,736,856

 

Canadian Imperial Bank of Commerce

 

200,000

 

14,052,531

 

DnB NOR ASA

 

2,545,000

 

36,562,498

 

Intesa Sanpaolo SpA

 

5,848,000

 

38,330,850

 

KBC Groep NV

 

169,300

 

20,857,852

 

Nordea Bank AB

 

2,158,000

 

35,080,296

 

Svenska Handelsbanken AB, Class A

 

1,734,000

 

48,288,746

 

UniCredit SpA

 

2,900,000

 

20,265,322

 

 

 

 

 

$

262,500,819

 

Communications Equipment — 1.0%

 

 

 

 

 

Nokia Oyj ADR

 

750,000

 

$

21,300,000

 

 

 

 

 

$

21,300,000

 

Diversified Financial Services — 0.7%

 

 

 

 

 

JPMorgan Chase & Co.

 

353,400

 

$

15,196,200

 

 

 

 

 

$

15,196,200

 

Diversified Telecommunication Services — 8.0%

 

 

 

 

 

AT&T, Inc.

 

1,658,750

 

$

66,184,125

 

Embarq Corp.

 

45,000

 

2,129,400

 

Koninklijke KPN NV

 

700,000

 

12,718,175

 

Telefonos de Mexico SA de CV ADR

 

1,700,000

 

70,074,000

 

Telenor ASA

 

756,900

 

16,397,286

 

Windstream Corp.

 

51,696

 

689,625

 

 

 

 

 

$

168,192,611

 

Electric Utilities — 13.3%

 

 

 

 

 

E.ON AG

 

328,000

 

$

69,622,461

 

Edison International

 

1,200,000

 

63,876,000

 

Entergy Corp.

 

50,000

 

6,038,500

 

Exelon Corp.

 

75,000

 

6,600,000

 

FirstEnergy Corp.

 

350,000

 

27,548,500

 

Fortum Oyj

 

1,200,000

 

58,008,990

 

FPL Group, Inc.

 

400,000

 

27,008,000

 

Iberdrola SA

 

1,523,396

 

21,918,599

 

 

 

 

 

$

280,621,050

 

Electrical Equipment — 1.8%

 

 

 

 

 

Cooper Industries, Ltd., Class A

 

450,000

 

$

20,983,500

 

Emerson Electric Co.

 

300,000

 

17,454,000

 

 

 

 

 

$

38,437,500

 

 

1



 

Energy Equipment & Services — 0.6%

 

 

 

 

 

Diamond Offshore Drilling, Inc.

 

95,000

 

$

12,961,800

 

 

 

 

 

$

12,961,800

 

Food Products — 1.0%

 

 

 

 

 

Kraft Foods, Inc., Class A

 

622,821

 

$

20,229,226

 

 

 

 

 

$

20,229,226

 

Household Durables — 0.9%

 

 

 

 

 

Stanley Works

 

400,000

 

$

19,432,000

 

 

 

 

 

$

19,432,000

 

Household Products — 0.4%

 

 

 

 

 

Kimberly-Clark Corp.

 

135,000

 

$

8,613,000

 

 

 

 

 

$

8,613,000

 

Insurance — 3.2%

 

 

 

 

 

Legal & General Group PLC

 

16,700,000

 

$

39,568,791

 

Zurich Financial Services AG

 

97,664

 

28,594,114

 

 

 

 

 

$

68,162,905

 

Machinery — 3.5%

 

 

 

 

 

Caterpillar, Inc.

 

350,000

 

$

28,924,000

 

SKF AB, Class B

 

2,374,000

 

44,519,812

 

 

 

 

 

$

73,443,812

 

Media — 0.0%

 

 

 

 

 

Reed Elsevier PLC

 

1

 

$

13

 

 

 

 

 

$

13

 

Metals & Mining — 8.8%

 

 

 

 

 

Companhia Vale do Rio Doce ADR

 

1,950,000

 

$

77,571,000

 

Freeport-McMoRan Copper & Gold, Inc., Class B

 

163,882

 

18,962,786

 

Nucor Corp.

 

258,500

 

19,335,800

 

Southern Copper Corp.

 

230,000

 

25,352,900

 

ThyssenKrupp AG

 

651,000

 

43,869,356

 

Worthington Industries, Inc.

 

100,000

 

1,994,000

 

 

 

 

 

$

187,085,842

 

Multiline Retail — 1.4%

 

 

 

 

 

JC Penney Company, Inc.

 

752,000

 

$

30,260,480

 

 

 

 

 

$

30,260,480

 

Multi-Utilities — 4.6%

 

 

 

 

 

National Grid PLC

 

1,487,431

 

$

21,943,683

 

RWE AG

 

367,000

 

47,338,868

 

Sempra Energy

 

500,000

 

28,905,000

 

 

 

 

 

$

98,187,551

 

Oil, Gas & Consumable Fuels — 22.3%

 

 

 

 

 

BP PLC ADR

 

740,000

 

$

53,657,400

 

Chevron Corp.

 

900,000

 

89,235,000

 

ConocoPhillips

 

720,000

 

67,032,000

 

Husky Energy, Inc.

 

772,000

 

38,735,956

 

Marathon Oil Corp.

 

1,515,000

 

77,855,850

 

Neste Oil Oyj

 

300,000

 

10,009,103

 

Peabody Energy Corp.

 

500,000

 

36,960,000

 

StatoilHydro ASA

 

1,658,000

 

64,711,653

 

Valero Energy Corp.

 

684,000

 

34,774,560

 

 

 

 

 

$

472,971,522

 

Pharmaceuticals — 1.5%

 

 

 

 

 

Johnson & Johnson

 

146,000

 

$

9,744,040

 

Novartis AG

 

425,000

 

22,264,734

 

 

 

 

 

$

32,008,774

 

Real Estate Investment Trusts (REITs) — 1.2%

 

 

 

 

 

Boston Properties, Inc.

 

261,600

 

$

25,568,784

 

 

 

 

 

$

25,568,784

 

 

2



 

Textiles, Apparel & Luxury Goods — 1.0%

 

 

 

 

 

VF Corp.

 

275,000

 

$

20,817,500

 

 

 

 

 

$

20,817,500

 

Tobacco — 4.2%

 

 

 

 

 

Altria Group, Inc.

 

900,000

 

$

20,034,000

 

British American Tobacco PLC

 

582,000

 

21,728,545

 

Philip Morris International, Inc.

 

900,000

 

47,394,000

 

 

 

 

 

$

89,156,545

 

Water Utilities — 0.6%

 

 

 

 

 

Severn Trent PLC

 

435,666

 

$

12,552,534

 

 

 

 

 

$

12,552,534

 

Wireless Telecommunication Services — 0.6%

 

 

 

 

 

Rogers Communications, Inc., Class B

 

289,200

 

$

12,718,164

 

 

 

 

 

$

12,718,164

 

Total Common Stocks
(identified cost $1,303,788,243)

 

 

 

$

2,126,290,756

 

 

Preferred Stocks — 28.5%

 

Security

 

Shares

 

Value

 

Auto Components — 0.2%

 

 

 

 

 

Porsche International Finance PLC, 7.20%

 

37,000

 

$

3,780,919

 

 

 

 

 

$

3,780,919

 

Commercial Banks — 12.4%

 

 

 

 

 

Abbey National Capital Trust I, 8.963% (1)

 

75,000

 

$

8,846,655

 

ABN AMRO North America Capital Funding Trust, 6.968% (1)(2)

 

1,250

 

1,243,359

 

Barclays Bank PLC, 6.86% (1)(2)

 

35,000

 

3,247,419

 

Barclays Bank PLC, 8.55% (1)(2)

 

224,000

 

23,677,158

 

BNP Paribas Capital Trust, 9.003% (1)(2)

 

53,950

 

5,853,009

 

BNP Paribas, 7.195% (1)(2)

 

85,000

 

8,109,824

 

Citigroup Inc., Series AA, 8.125%

 

162,500

 

3,968,250

 

Citigroup Inc., Series F, 8.50%

 

262,500

 

6,559,875

 

Cobank, ABC, 7.00% (2)

 

400,000

 

18,318,800

 

Credit Agricole SA/London, 6.637% (1)(2)

 

99,500

 

8,191,636

 

DB Capital Funding VIII, 6.375%

 

489,000

 

11,281,230

 

DB Contingent Capital Trust II, 6.55%

 

200,000

 

4,526,000

 

Den Norske Bank, 7.729% (1)(2)

 

160,000

 

16,559,056

 

First Tennessee Bank, 3.75% (1)(2)

 

2,775

 

2,018,812

 

HBOS PLC, 6.657% (1)(2)

 

187,500

 

14,798,475

 

HSBC Capital Funding LP, 9.547% (1)(2)

 

135,000

 

14,667,615

 

HSBC Capital Funding LP, 10.176% (1)(2)

 

17,500

 

2,215,542

 

JPMorgan Chase & Co., 7.90% (1)

 

192,500

 

19,377,339

 

Landsbanki Islands HF, 7.431% (1)(2)

 

207,500

 

15,191,386

 

National City Corp., Series F, 9.875% (1)

 

425,000

 

9,605,000

 

Royal Bank of Scotland Group PLC, 7.64% (1)

 

155,000

 

14,782,861

 

Royal Bank of Scotland Group PLC, 9.118% (1)

 

47,250

 

4,889,756

 

Santander Finance Unipersonal, 6.50%

 

380,000

 

8,082,600

 

Standard Chartered PLC, 6.409% (1)(2)

 

127,500

 

10,816,769

 

UBS Preferred Funding Trust I, 8.622% (1)

 

150,000

 

15,535,260

 

Wachovia Corp., 8.00%

 

400,000

 

9,916,000

 

 

 

 

 

$

262,279,686

 

Diversified Financials — 0.3%

 

 

 

 

 

Lehman Brothers Holdings, Inc., 7.95%

 

240,000

 

$

5,520,000

 

Merrill Lynch & Co., Inc., 6.70%

 

81,450

 

1,893,713

 

 

 

 

 

$

7,413,713

 

Electric Utilities — 0.2%

 

 

 

 

 

Interstate Power & Light Co., 7.10%

 

181,400

 

$

4,544,070

 

 

 

 

 

$

4,544,070

 

 

3



 

Food Products — 0.5%

 

 

 

 

 

Dairy Farmers of America, 7.875% (2)

 

73,750

 

$

5,918,438

 

Ocean Spray Cranberries, Inc., 6.25% (2)

 

47,500

 

4,214,143

 

 

 

 

 

$

10,132,581

 

Gas Utilities — 0.7%

 

 

 

 

 

Southern Union Co., 7.55%

 

578,900

 

$

14,599,858

 

 

 

 

 

$

14,599,858

 

Insurance — 5.8%

 

 

 

 

 

Aegon NV, 6.375%

 

100,000

 

$

2,069,000

 

Arch Capital Group, Ltd., Series A, 8.00%

 

424,500

 

10,650,705

 

Arch Capital Group, Ltd., Series B, 7.875%

 

60,500

 

1,485,275

 

AXA SA, 6.379% (1)(2)

 

20,000

 

1,731,152

 

AXA SA, 6.463% (1)(2)

 

189,250

 

15,908,450

 

Endurance Specialty Holdings, Ltd., 7.75%

 

317,500

 

7,496,175

 

ING Capital Funding Trust III, 8.439% (1)

 

170,750

 

17,911,812

 

ING Group NV, 7.375%

 

340,000

 

8,398,000

 

PartnerRe, Ltd., 6.50%

 

25,000

 

519,250

 

Prudential PLC, 6.50%

 

214,000

 

19,101,704

 

RAM Holdings, Ltd., Series A, 7.50% (1)

 

13,000

 

8,129,875

 

RenaissanceRe Holdings, Ltd., 6.08%

 

199,100

 

3,796,837

 

RenaissanceRe Holdings, Ltd., 6.60%

 

400,500

 

8,378,460

 

Zurich Regcaps Fund Trust I, 6.58% (1)(2)

 

6,000

 

5,805,000

 

Zurich Regcaps Fund Trust VI, 3.63% (1)(2)

 

12,500

 

11,046,875

 

 

 

 

 

$

122,428,570

 

Oil, Gas & Consumable Fuels — 0.6%

 

 

 

 

 

Kinder Morgan GP, Inc., 8.33% (1)(2)

 

12,000

 

$

12,600,750

 

 

 

 

 

$

12,600,750

 

Real Estate Investment Trusts (REITs) — 7.2%

 

 

 

 

 

AMB Property Corp., 6.75%

 

426,000

 

$

9,550,920

 

Colonial Properties Trust, 8.125%

 

577,000

 

13,807,610

 

Developers Diversified Realty Corp., 7.375%

 

160,000

 

3,640,000

 

Developers Diversified Realty Corp., 8.00%

 

250,000

 

6,097,500

 

Health Care, Inc., 7.875%

 

170,100

 

4,184,460

 

ProLogis Trust, 6.75%

 

1,500,000

 

34,665,000

 

PS Business Parks, Inc., 6.70%

 

400,000

 

8,400,000

 

PS Business Parks, Inc., 7.95%

 

400,000

 

9,748,000

 

Public Storage, Inc., 6.85%

 

1,000,000

 

23,312,500

 

Regency Centers Corp., 7.45%

 

45,000

 

1,068,300

 

Vornado Realty Trust, 7.00%

 

1,600,000

 

36,950,080

 

 

 

 

 

$

151,424,370

 

Retail-Food and Drug — 0.6%

 

 

 

 

 

CVS Caremark Corp., 6.302% (1)

 

15,000,000

 

$

13,061,190

 

 

 

 

 

$

13,061,190

 

Thrifts & Mortgage Finance — 0.0%

 

 

 

 

 

Indymac Bank FSB, 8.50% (2)

 

600,000

 

$

637,500

 

 

 

 

 

$

637,500

 

Total Preferred Stocks
(identified cost $673,077,879) 

 

 

 

$

602,903,207  

 

 

 

 

 

 

 

Short-Term Investments — 3.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

Description

 

(000’s omitted)

 

Value

 

Investment in Cash Management Portfolio, 2.38% (3)

 

$

70,297

 

$

70,296,626

 

Total Short-Term Investments
(identified cost $70,296,626)

 

 

 

$

70,296,626

 

Total Investments — 132.2%
(identified cost $2,047,162,748)

 

 

 

$

2,799,490,589

 

Other Assets, Less Liabilities — (32.2)%

 

 

 

$

(682,000,055

)

Net Assets — 100.0%

 

 

 

$

2,117,490,534

 

 

4



 

ADR

American Depository Receipt

(1)

 

Variable rate security. The stated interest rate represents the rate in effect at May 31, 2008.

(2)

 

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2008, the aggregate value of the securities is $202,771,168 or 9.6% of the Fund’s net assets.

(3)

 

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, 2008. Net income allocated from the Investment in Cash Management Portfolio for the fiscal year to date ended May 31, 2008 was $1,154,766.

 

Country Concentration of Portfolio

 

 

 

Percentage

 

 

 

Country

 

of Total Investments

 

Value

 

United States

 

52.5

%

$

1,469,507,133

 

United Kingdom

 

9.2

 

257,648,266

 

Germany

 

5.7

 

160,830,685

 

Norway

 

4.8

 

134,230,493

 

Sweden

 

4.6

 

127,888,854

 

Finland

 

3.2

 

89,318,092

 

Brazil

 

2.8

 

77,571,000

 

Canada

 

2.7

 

75,832,520

 

France

 

2.6

 

72,677,918

 

Mexico

 

2.5

 

70,074,000

 

Bermuda

 

2.2

 

61,440,077

 

Italy

 

2.1

 

58,596,172

 

Switzerland

 

1.8

 

50,858,848

 

Spain

 

1.1

 

30,001,199

 

Netherlands

 

0.8

 

23,185,175

 

Belgium

 

0.8

 

20,857,852

 

Iceland

 

0.5

 

15,191,386

 

Ireland

 

0.1

 

3,780,919

 

Total Investments

 

100.0

%

$

2,799,490,589

 

 

The Fund did not have any open financial instruments at May 31, 2008.

 

The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2008, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

 

$

2,048,796,091

 

Gross unrealized appreciation

 

$

838,928,575

 

Gross unrealized depreciation

 

(88,234,077

)

Net unrealized appreciation

 

$

750,694,498

 

 

5



 

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/ Thomas E. Faust, Jr.

 

 

Thomas E. Faust Jr.

 

 

President

 

 

 

Date:

 

July 25, 2008

 

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/ Thomas E. Faust, Jr.

 

 

Thomas E. Faust Jr.

 

 

President

 

 

 

Date:

 

July 25, 2008

 

 

 

By:

 

/s/ Barbara E. Campbell

 

 

Barbara E. Campbell

 

 

Treasurer

 

 

 

Date:

 

July 25, 2008