Tax Advantaged Equity Funds
If you are investing in your regular brokerage account, you need to consider tax advantaged equity funds. These funds provide high return and income while minimizing capital gains taxes. The fund managers will use active tax management to maximize the fund’s return. These funds invest in U.S. stocks and possible non-U.S. stocks.Tax advantaged equity funds are popular especially through closed end funds. You can find the top performing tax advantaged equity CEFs review below. These funds may provide high return in 2014.
The 5 best performing tax advantaged equity closed end funds 2014 are:
- John Hancock Tax-Advantaged Dividend Income Fund (HTD)
- John Hancock Tax Advantaged Global Fund (HTY)
- Eaton Vance Tax Advantaged Dividend Income Fund (EVT)
- Eaton Vance Tax Advantaged Global Dividend Income Fund (ETG)
- First Trust Active Dividend Income Fund (FAV)
John Hancock Tax-Advantaged Dividend Income Fund (HTD)
John Hancock Tax-Advantaged Dividend Income Fund utilizes its assets to purchase dividend paying common and preferred stocks. These popular CEF has total assets of $1.2 billion. This stock fund has an effective leverage of 35.08%. The expense ratio fee is 1.64%. It also has a high dividend yield of 7.00%.This best performing closed end fund has returned 14.09% over the past 3 year, and 23.37% over the past 5 year. In 2013, it has a year to date return of 8.13%. Morningstar has ranked this closed end fund with 4 stars and silver rating.
The top 3 stock holdings are ONEOK Inc, Metlife preferred, and Wells Fargo & Co, San Francisco Ca Preferred. The top 2 sectors are utilities and financials.
Eaton Vance Tax Advantaged Dividend Income Fund (EVT)
Ranked with 3 stars rating, Eaton Vance Tax Advantaged Dividend Income Fund has a market value of 1.3 billion. The 52 week price range is $17.00-$20.77. The current share price is $18.91. This top tax advantaged stock fund has an expense fee of 1.48% per year. The current distribution rate is 6.74%.This best performing closed end fund has a 5 year annualized return of 21.75%. The top 5 stocks in its portfolio are Chevron Corp, Exxon Mobil Corporation, Pfizer Inc, Occidental Petroleum Corporation, and Wells Fargo & Co.
First Trust Active Dividend Income Fund (FAV)
First Trust Active Dividend Income Fund uses its assets to buy dividend paying multi cap global equity securities. Its expense ratio fee is 1.49%. In 2014, this Tax Advantaged Equity CEFs has a year to date return of -3.92%. It has a 5 year average return of 8.96%. The best performing tax advantaged equity closed end fund has $79 million of total assets.Fund Returns
| No | Fund Name | Ticker | Yield | Market Cap | YTD Return % | 1 Year Return % |
|---|---|---|---|---|---|---|
| 1 | JH Tax-Advantaged Dividend Inc | HTD | 7.13% | $696M | 1.65% | 4.16% |
| 2 | JH Tax Advantaged Global | HTY | 10.27% | $122M | 0.00% | 7.56% |
| 3 | EV Tax Advantaged Dividend Inc | EVT | 6.91% | $1,353M | -1.30% | 9.73% |
| 4 | EV Tax Adv Global Dividend Inc | ETG | 7.55% | $1,238M | -3.55% | 14.18% |
| 5 | First Trust Active Div Income | FAV | 7.25% | $69M | -3.92% | 11.90% |
| 6 | EV Tax Adv Global Div Opps | ETO | 7.72% | $337M | -4.40% | 16.27% |
| 7 | Nuveen Tax-Adv Div Growth | JTD | 7.67% | $215M | -5.30% | 3.10% |
| 8 | Gabelli Dividend & Income | GDV | 5.18% | $1,721M | -5.65% | 23.42% |
| 9 | Nuveen Tax-Adv Total Return | JTA | 7.37% | $180M | -7.80% | 21.45% |
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