Overview

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.37 3.85 7.52 11.25 11.63 13.51 6.03
Market Price 0.12 4.42 14.48 18.24 14.12 15.04 6.22
06/30/2016
Fund at NAV 0.24 2.89 3.78 3.46 10.37 10.39 6.13
Market Price -0.72 7.16 8.84 11.16 11.35 11.23 6.51
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

Distribution Rates1

as of Sep 28, 2016
Distribution Rate at NAV 8.17%
Distribution Rate at Market Price 8.57%

Fund Factsas of Aug 31, 2016

Performance Inception 09/30/2003
Investment Objective High level of after-tax total return
CUSIP 27828G107

Portfolio Management

Michael A. Allison, CFA Managed Fund since 2013
John H. Croft, CFA Managed Fund since 2010
Edward J. Perkin, CFA Managed Fund since 2014
John D. Crowley Managed Fund since 2014

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Performance

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.37 3.85 7.52 11.25 11.63 13.51 6.03
Market Price 0.12 4.42 14.48 18.24 14.12 15.04 6.22
06/30/2016
Fund at NAV 0.24 2.89 3.78 3.46 10.37 10.39 6.13
Market Price -0.72 7.16 8.84 11.16 11.35 11.23 6.51
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 26.99 11.19 -48.72 34.08 14.84 1.12 18.80 22.88 13.85 1.67
Market Price 31.28 6.51 -53.52 50.33 13.82 -4.36 22.05 22.83 17.66 -0.01

Fund Facts

Performance Inception 09/30/2003

Distribution Rates1

as of Sep 28, 2016
Distribution Rate at NAV 8.17%
Distribution Rate at Market Price 8.57%

Distribution History2

Ex-Date Distribution Reinvest Price
Sep 21, 2016 $0.14500 $20.10
Aug 22, 2016 $0.14500 $20.85
Jul 20, 2016 $0.14500 $20.76
Jun 21, 2016 $0.14500 $20.39
May 20, 2016 $0.14500 $20.45
Apr 20, 2016 $0.14500 $19.99
Mar 22, 2016 $0.14500 $19.23
Feb 18, 2016 $0.14500 $18.49
Jan 20, 2016 $0.14500 $18.07
Dec 21, 2015 $0.14500 $19.07
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2015 $0.00 $0.85 $0.85 $0.60 $0.00 $1.45
2014 $0.00 $1.47 $1.47 $0.00 $0.00 $1.47
2013 $0.00 $1.18 $1.18 $0.00 $0.00 $1.18
2012 $0.00 $1.29 $1.29 $0.00 $0.00 $1.29
2011 $0.00 $1.29 $1.29 $0.00 $0.00 $1.29
2010 $0.00 $1.29 $1.29 $0.00 $0.00 $1.29
2009 $0.00 $1.29 $1.29 $0.00 $0.00 $1.29
2008 $0.00 $1.78 $1.78 $0.00 $0.00 $1.78
2007 $0.00 $1.83 $1.83 $0.00 $0.00 $1.83
2006 $0.00 $1.56 $1.56 $0.00 $0.00 $1.56
2005 $0.00 $1.35 $1.35 $0.00 $0.00 $1.35
Distributions (%)
2015 0.00% 58.63% 58.63% 41.37% 0.00% 100.00%
2014 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2013 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2012 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2011 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2010 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2009 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2008 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2007 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2006 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2005 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
This data reflects distributions paid on Fund shares held for the full calendar year and is not predictive of the tax character of current or future distributions. Fund shareholders should refer to the individual IRS Form 1099-DIVs provided to them shortly after each year-end to determine the appropriate federal income tax treatment of the distributions they receive. Eaton Vance is not responsible for any errors in tax reporting that may result from using the above data. Non-qualified ordinary dividends are subject to federal income tax at ordinary rates. Qualified dividends and capital gains distributions are taxable at long-term capital gains rates. Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax. Instead, the tax cost basis of each shareholder receiving a return of capital distribution is reduced by the amount of the distribution.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Portfolio

Fund Holdings (%)3,4as of Jul 31, 2016

Holding % of Net Assets
Johnson & Johnson 3.68%
Wells Fargo & Co 3.67%
Chevron Corp 3.27%
General Electric Co 3.27%
JPMorgan Chase & Co 2.95%
iShares US Preferred Stock ETF 2.87%
Pfizer Inc 2.74%
United Technologies Corp 2.39%
NextEra Energy Inc 2.34%
Reynolds American Inc 2.29%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Insights & Analysis

Commentary

No commentary information is currently available.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

Attribution

No attribution information is currently available.


Management

Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of the firm’s global core equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver
Experience
  • Managed Fund since 2013
Biography
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management, director of credit research and portfolio manager on Eaton Vance’s investment-grade fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s investment-grade fixed-income strategies. He also leads the liability-driven investment (LDI) solutions effort. He joined Eaton Vance in 2004.

John began his career in the investment management industry in 1986. Before joining Eaton Vance, he was a credit analyst with Fidelity Management & Research Co.

John earned a B.A. from Colgate University and an MBA from the University of Chicago Graduate School of Business. He is a CFA charterholder.

Education
  • B.A. Colgate University
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 2010
Biography
Edward J. Perkin, CFA

Edward J. Perkin, CFA

Vice President, Chief Equity Investment Officer
Eaton Vance Management
Joined Eaton Vance 2014

Eddie Perkin is a vice president of Eaton Vance Management, chief equity investment officer and team leader of Eaton Vance’s value team. Additionally, he serves as lead portfolio manager of Eaton Vance’s Large-Cap Value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s large-cap value equity portfolios. He is head of the firm’s Equity Strategy Committee. He joined Eaton Vance in April 2014.

Eddie began his career in the investment management industry in 1995. Before joining Eaton Vance, he served as chief investment officer (international and emerging-market equity) as well as managing director/portfolio manager (Europe, EAFE and global) at Goldman Sachs Asset Management (GSAM) in London. Before relocating to London in 2008, Eddie was a portfolio manager and analyst on GSAM’s U.S. value equity team in New York. Eddie was previously associated with FISERV and American Retirement Insurance Services.

Eddie earned a B.A. from the University of California, Santa Barbara, and an MBA from Columbia Business School. He is a CFA charterholder and is a member of the board of directors of Junior Achievement of Northern New England.

Education
  • B.A. University of California, Santa Barbara
  • M.B.A. Columbia University
Experience
  • Managed Fund since 2014
 
Biography
John D. Crowley

John D. Crowley

Vice President, Eaton Vance Management
Joined Eaton Vance 1998

John Crowley is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s value team. In addition, he serves as lead portfolio manager of Eaton Vance’s focused value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s value equity strategies. He is a member of the firm’s Equity Strategy Committee. He began his career in the investment management industry with Eaton Vance in 1998.

John earned a B.A. and an M.A. from The Catholic University of America and an MBA from Babson College. He is a member of the CFA Institute and the Boston Security Analysts Society.

Education
  • B.A.,M.A. Catholic University of America
  • M.B.A. F.W. Olin Graduate School of Business, Babson College
Experience
  • Managed Fund since 2014
 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Commentary

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Aug 31, 2015

Equity Dividend Income Closed-End Fund Guide

Download - Last updated: Jun 30, 2016

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

Reinvesting Closed-End Fund Distributions

Download - Last updated: Sep 30, 2015

Return of Capital Distributions Demystified

Download - Last updated: Sep 30, 2015

Auction Preferred Shares Market Update

Download - Last updated: Feb 26, 2016

Morningstar EVT Fact Sheet

Download

Eaton Vance Announces Upcoming Retirement of Walter A. Row III

Download - Last updated: Jun 30, 2015

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

Download - Last updated: Nov 21, 2013

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

EVT-ETG-ETO Announce Change in Investment Policies

Download - Last updated: Aug 7, 2012

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Aug 31, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jul 29, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: Jun 30, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Download - Last updated: May 31, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 2, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Apr 29, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Mar 31, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Feb 29, 2016

Eaton Vance Tax-Advantaged Dividend Income Fund Annual Meeting of Shareholders

Download - Last updated: Feb 11, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Jan 29, 2016

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jan 4, 2016

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Dec 30, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 1, 2015

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Nov 30, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Nov 2, 2015

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Oct 31, 2015

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Oct 30, 2015

Eaton Vance Tax-Advantaged Dividend Income Funds Announce Changes In Investment Policies

Download - Last updated: Oct 23, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2015

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Sep 30, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 1, 2015

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Aug 31, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 3, 2015

Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions

Download - Last updated: Jul 31, 2015

Eaton Vance Tax-Advantaged Dividend Income Fund Adopts Managed Distribution Plan And Declares Monthly Distribution

Download - Last updated: Jul 1, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2015

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2015

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Download - Last updated: Mar 13, 2015

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Download - Last updated: Feb 10, 2015

Eaton Vance Declares Early Monthly Distributions and Capital Gain Distributions for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 19, 2014

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 12, 2014

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Download - Last updated: Nov 11, 2014

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Download - Last updated: Oct 14, 2014

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Feb 29, 2016