Tax Advantaged Equity Funds
Tax advantaged equity funds invest mainly in dividend stocks. The fund objective is to maximize after-tax returns by investing in dividend stocks. The fund may use active tax management to maximize their return or yield.While many stock closed end funds distribute a portion of qualified dividends to investors, few focus on these preferential dividends as an integral part of the strategy. Some of these equity funds also manage capital gains and losses in an attempt to make the portfolio tax-neutral from a capital gains perspective.
Best Performing CEFs
The top performing list is sorted based on its 1 year performance (up to 02/25/2015). You can find the fund review, performance, expense ratio, dividend yield, fund’s NAV, management, leverage, fund’s sponsor, premium/discount info, etc.Top 8 tax advantaged stock closed end funds in 2015 are:
- EV Tax Advantaged Global Dividend Income Fund (ETG)
- EV Tax Advantaged Global Dividend Opportunities Fund (ETO)
- Nuveen Tax-Advantaged Total Return Fund (JTA)
- Nuveen Tax- Advantaged Dividend Growth Fund (JTD)
- EV Tax Advantaged Dividend Income Fund (EVT)
- JH Tax-Advantaged Dividend Income Fund (HTD)
- Gabelli Dividend & Income Fund (GDV)
- JH Tax Advantaged Global Fund (HTY)
EV Tax Advantaged Global Dividend Income Fund
This Eaton Vance fund invests mainly in dividend paying common and preferred stock. It has total net assets of $1.81 billion. The current expense ratio fee is 1.42%. The current dividend yield is 7.46%. The current market price is trading 9.24% discount from its NAV (Net Asset Value).More: Top Tax Advantaged Equity CEFs 2014
As the top performing tax advantaged stock closed end fund, this this fund has returned 3.72% over the past 1 year, and 13.77% over the past 5 year. Morningstar has ranked this fund with 4 stars rating.
This fund has 202 holdings in its portfolio. Top 5 stocks are Natixis, AXA SA, Google Inc, Vodafone Group Plc, and Deutsche Telekom AG. Top 3 country allocations are USA (51%), UK (14%) and France (8%).
Nuveen Tax-Advantaged Total Return Fund
This Nuveen Tax-Advantaged Total Return Fund objective is to provide a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation. It has $290 million of assets. The fund is introduced to investors in 2004. The fund managers are Susi Budiman, Thomas J. Ray, James T. Stephenson, and Gunther Stein. Its expense fee is 1.85% per year.More: Top High Yield Stock Closed End Funds For 2014
This tax advantaged stock is ranked with 4 stars rating by Morningstar. In 2015, the year-to-date return is 1.51%. It has a 3 year average return of 15.29%.
JH Tax-Advantaged Dividend Income Fund
This John Hancock Tax-Advantaged Dividend Income Fund utilizes its assets to purchase dividend paying common and preferred stocks. Its total net assets are $1.2 billion. The annual expense ratio fee is 1.55%. The fund sponsor is John Hancock Advisers LLC.In 2015, the YTD return is -3.43%. The 1 year total return is 8.32%. It has a 3 year annualized return of 9.98%. The past 4 years performance is as follows:
- Year 2014: 30.82%
- Year 2013: 8.33%
- Year 2012: 11%
- Year 2011: 24.88%
Fund Performance
| No | Fund Name | Ticker | YTD Rtn on Price | Distribution Rate |
|---|---|---|---|---|
| 1 | EV Tax Adv Global Dividend Inc | ETG | 6.49% | 7.46% |
| 2 | EV Tax Adv Global Div Opps | ETO | 2.38% | 9.06% |
| 3 | Nuveen Tax-Adv Total Return | JTA | 1.28% | 8.41% |
| 4 | Nuveen Tax-Adv Div Growth | JTD | 0.36% | 8.32% |
| 5 | EV Tax Advantaged Dividend Inc | EVT | 0.69% | 8.63% |
| 6 | JH Tax-Advantaged Dividend Inc | HTD | -3.43% | 7.02% |
| 7 | Gabelli Dividend & Income | GDV | -4.09% | 6.58% |
| 8 | JH Tax Advantaged Global | HTY | -8.24% | 13.16% |
| 9 | First Trust Div & Income Fund | FAV | -6.13% | 8.35% |
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