Jira Pliankharom/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) provides investors with a diversified portfolio of equity investments in a closed-end fund wrapper. The tilt is primarily toward more value-oriented investments, with financials, healthcare, and industrials often making up the largest sector...
Jira Pliankharom/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) provides investors with a diversified portfolio of equity investments in a closed-end fund wrapper. The tilt is primarily toward more value-oriented investments, with financials, healthcare, and industrials often making up the largest sector allocations of the underlying portfolio. With the latest market volatility, we've been seeing added pressure on this fund from its leveraged approach. However, the fund going to an even wider discount from our prior update is also adding further pressure. EVT Basics 1-Year Z-score: -1.25 Discount/Premium: -9.17% Distribution Yield: 8.31% Expense Ratio: 1.11% Leverage: 18.1% Managed Assets: $2.399 billion Structure: Perpetual EVT's investment objective is to "provide a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation." They highlight that the fund will invest primarily in "dividend-paying common and preferred stocks and seeks to distribute a high level of dividend income that qualifies for favorable federal income tax treatment." Thus, the "tax-advantaged" portion of its name, and as for the 2025 distribution classification, this has been achieved. The entire distribution was either qualified dividends or long-term capital gains. Both are relatively tax-friendly when compared to ordinary income rates for most investors. EVT Distribution Tax Classification (Eaton Vance (highlights from author)) The fund is leveraged, and that is always worth considering, as it will increase overall volatility and risk for investors. It also comes with added leverage costs, pushing the fund's total expense ratio up to 2.27%. While the Fed was easing their benchmark rate, we are now in a period where inflation is expected to remain sticky or rise on the back of increased oil prices. Therefore, most investors are anticipating n...
K2 Asset Management's George Boubouras, Managing Director and Head of Research, Investments and Advisory, says that while the Iran conflict and naval blockade are driving sharp volatility, long‑term investors should look through the headlines rather than trade on every twist. He expects continued price and volume shocks to lift inflation and raise recession risks. but sees resilient underlying ear...
K2 Asset Management's George Boubouras, Managing Director and Head of Research, Investments and Advisory, says that while the Iran conflict and naval blockade are driving sharp volatility, long‑term investors should look through the headlines rather than trade on every twist. He expects continued price and volume shocks to lift inflation and raise recession risks. but sees resilient underlying earnings in developed markets like the US. (Source: Bloomberg)
A pivotal year for self-driving cars has begun in China, with the first “hands off” models approved to ply public roads, carmakers gearing up to mass-produce them and the first mandatory safety standards for autonomous vehicles out for public comment. The first carmakers were given the go-ahead in mid-December to build electric vehicle (EV) models with Level 3 (L3) autonomous driving capability. O...
A pivotal year for self-driving cars has begun in China, with the first “hands off” models approved to ply public roads, carmakers gearing up to mass-produce them and the first mandatory safety standards for autonomous vehicles out for public comment. The first carmakers were given the go-ahead in mid-December to build electric vehicle (EV) models with Level 3 (L3) autonomous driving capability. On an international scale from L0 to L5, an L3 autonomous vehicle can operate independently under...
In the artificial intelligence (AI) computing world, there are few stocks more popular than AMD (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) . These two are the primary compute providers for AI and are going head-to-head for GPU supremacy. In the early innings of the AI arms race, Nvidia stormed out to an enormous lead, but AMD has also been a solid performer. Since 2023, Nvidia's stock is up 1,120%, w...
In the artificial intelligence (AI) computing world, there are few stocks more popular than AMD (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) . These two are the primary compute providers for AI and are going head-to-head for GPU supremacy. In the early innings of the AI arms race, Nvidia stormed out to an enormous lead, but AMD has also been a solid performer. Since 2023, Nvidia's stock is up 1,120%, while AMD's is up a respectable 242%. Continue reading