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- 21416 John Hancock Tax-Advantaged Dividend Income Fund (Exact name of registrant as specified in charter) 601 Congress Street, Boston, Massachusetts 02210 (Address of principal executive offices) (Zip code) Alfred E. Ouellette, Senior Attorney and Assistant Secretary 601 Congress Street Boston, Massachusetts 02210 (Name and address of agent for service) Registrant's telephone number, including area code: 617-663-4324 |
Date of fiscal year end: | December 31 |
Date of reporting period: |
September 30, 2005 |
ITEM 1. SCHEDULE OF INVESTMENTS
John Hancock | ||
Tax-Advantaged Dividend Income Fund | ||
Securities owned by the Fund on | ||
September 30, 2005 (unaudited) | ||
Issuer | Shares | Value |
Common stocks 77.63% | $972,359,532 | |
(Cost $887,303,987) | ||
Diversified Banks 6.96% | 87,166,632 | |
| ||
Bank of America Corp. | 730,000 | 30,733,000 |
Comerica, Inc. | 296,000 | 17,434,400 |
U.S. Bancorp. | 727,900 | 20,439,432 |
Wachovia Corp. | 230,000 | 10,945,700 |
Wells Fargo & Co. | 130,000 | 7,614,100 |
Electric Utilities 12.80% | 160,401,873 | |
| ||
American Electric Power Co., Inc. | 335,500 | 13,319,350 |
Black Hills Corp. | 454,000 | 19,689,980 |
Cinergy Corp. | 539,100 | 23,941,431 |
Empire District Electric Co. (The) | 428,400 | 9,797,508 |
Great Plains Energy, Inc. | 67,000 | 2,003,970 |
Pinnacle West Capital Corp. | 230,000 | 10,138,400 |
Progress Energy, Inc. | 569,600 | 25,489,600 |
Scottish Power Plc, American Depositary | ||
Receipt (United Kingdom) | 610,000 | 24,546,400 |
Southern Co. (The) | 593,400 | 21,219,984 |
Westar Energy, Inc. | 425,000 | 10,255,250 |
Gas Utilities 9.23% | 115,553,254 | |
| ||
Atmos Energy Corp. | 756,200 | 21,362,650 |
National Fuel Gas Co. | 466,000 | 15,937,200 |
Northwest Natural Gas Co. | 325,000 | 12,096,500 |
ONEOK, Inc. | 821,100 | 27,933,822 |
Peoples Energy Corp. | 585,200 | 23,045,176 |
Piedmont Natural Gas Co., Inc. | 117,300 | 2,952,441 |
WGL Holdings, Inc. | 380,500 | 12,225,465 |
Integrated Oil & Gas 0.74% | 9,321,120 | |
| ||
ChevronTexaco Corp. | 144,000 | 9,321,120 |
Integrated Telecommunication Services 2.01% | 25,182,044 | |
| ||
SBC Communications, Inc. | 670,000 | 16,059,900 |
Verizon Communications, Inc. | 279,050 | 9,122,144 |
Multi-Utilities & Unregulated Power 28.56% | 357,712,725 | |
| ||
Alliant Energy Corp. | 50,000 | 1,456,500 |
Ameren Corp. | 561,100 | 30,013,239 |
CH Energy Group, Inc. | 373,600 | 17,738,528 |
Consolidated Edison, Inc. | 525,100 | 25,493,605 |
Dominion Resources, Inc. | 385,000 | 33,163,900 |
DTE Energy Co. | 584,914 | 26,824,156 |
Duke Energy Corp. | 533,400 | 15,559,278 |
Energy East Corp. | 551,000 | 13,879,690 |
Page 1
John Hancock | ||||
Tax-Advantaged Dividend Income Fund | ||||
Securities owned by the Fund on | ||||
September 30, 2005 (unaudited) | ||||
KeySpan Corp. | 690,647 | 25,401,997 | ||
NiSource, Inc. | 642,700 | 15,585,475 | ||
NSTAR | 1,086,000 | 31,407,120 | ||
OGE Energy Corp. | 884,800 | 24,862,880 | ||
Public Service Enterprise Group, Inc. | 454,700 | 29,264,492 | ||
SCANA Corp. | 257,500 | 10,876,800 | ||
TECO Energy, Inc. | 40,000 | 720,800 | ||
Vectren Corp. | 689,900 | 19,558,665 | ||
WPS Resources Corp. | 343,000 | 19,825,400 | ||
Xcel Energy, Inc. | 820,000 | 16,080,200 | ||
Other Diversified Financial Services 1.45% | 18,141,574 | |||
| ||||
Citigroup, Inc. | 187,000 | 8,512,240 | ||
JPMorgan Chase & Co. | 283,800 | 9,629,334 | ||
Regional Banks 14.08% | 176,358,050 | |||
| ||||
AmSouth Bancorp. | 775,000 | 19,576,500 | ||
BB&T Corp. | 495,000 | 19,329,750 | ||
Colonial BancGroup, Inc. (The) | 275,000 | 6,160,000 | ||
F.N.B. Corp. | 190,000 | 3,283,200 | ||
First Horizon National Corp. | 315,000 | 11,450,250 | ||
FirstMerit Corp. | 365,000 | 9,778,350 | ||
Hudson United Bancorp. | 195,000 | 8,254,350 | ||
KeyCorp | 749,000 | 24,155,250 | ||
National City Corp. | 505,000 | 16,887,200 | ||
PNC Financial Services Group, Inc. | 370,000 | 21,467,400 | ||
Regions Financial Corp. | 795,000 | 24,740,400 | ||
Susquehanna Bancshares, Inc. | 275,000 | 6,611,000 | ||
Whitney Holding Corp. | 172,500 | 4,664,400 | ||
Thrifts & Mortgage Finance 1.80% | 22,522,260 | |||
| ||||
People's Bank | 225,000 | 6,520,500 | ||
Washington Mutual, Inc. | 408,000 | 16,001,760 | ||
Credit | ||||
Issuer, description | rating (A) | Shares | Value | |
Preferred stocks 21.80% | $273,126,957 | |||
(Cost $275,016,309) | ||||
Consumer Finance 0.41% | 5,105,140 | |||
| ||||
HSBC Finance Corp., 6.36%, Depositary Shares, | ||||
Ser B | BBB+ | 150,000 | 3,793,500 | |
SLM Corp., 6.97%, Ser A | BBB+ | 24,200 | 1,311,640 | |
Diversified Banks 2.25% | 28,137,770 | |||
| ||||
Abbey National Plc, 7.375%, Depositary | ||||
Shares, Ser B (United Kingdom) | A- | 93,100 | 2,485,770 | |
Royal Bank of Scotland Group Plc, 5.75%, | ||||
Ser L (United Kingdom) | A | 1,060,000 | 25,652,000 |
Page 2
John Hancock | |||
Tax-Advantaged Dividend Income Fund | |||
Securities owned by the Fund on | |||
September 30, 2005 (unaudited) | |||
Electric Utilities 7.23% | 90,614,800 | ||
| |||
Alabama Power Co., 5.20% | BBB+ | 276,700 | 6,917,500 |
Alabama Power Co., 5.30% (Class A) | BBB+ | 213,000 | 5,169,510 |
Carolina Power & Light Co., $5.44 | BB+ | 111,493 | 10,675,455 |
Connecticut Light & Power Co., $3.24, Ser 68G | BB+ | 20,686 | 1,076,965 |
Connecticut Light & Power Co., 5.28%, Ser 1967 | BB+ | 18,294 | 848,957 |
Connecticut Light & Power Co., 6.56%, Ser 1968 | BB+ | 7,224 | 377,002 |
Duquesne Light Co., 6.50% | BB+ | 227,000 | 11,747,250 |
Entergy Arkansas, Inc., $1.96 | BB+ | 150,466 | 3,771,054 |
Entergy Arkansas, Inc., 4.56% | BB+ | 9,388 | 739,599 |
Entergy Arkansas, Inc., 4.56%, Ser 1965 | BB+ | 9,818 | 780,225 |
Entergy Arkansas, Inc., $6.08 | Ba1 | 11,057 | 1,061,472 |
Entergy Gulf States, Inc., $7.56 | BB+ | 28,422 | 2,785,356 |
Entergy Louisiana, Inc., 5.16% | Ba1 | 12,982 | 1,085,620 |
Entergy Mississippi, Inc., 4.92% | Ba2 | 8,190 | 685,401 |
Entergy Mississippi, Inc., 6.25% | BB+ | 197,500 | 4,949,844 |
FPL Group Capital Trust I, 5.875% | BBB+ | 318,200 | 7,907,270 |
Interstate Power & Light Co., 7.10%, Ser C | BBB- | 20,600 | 560,707 |
Interstate Power & Light Co., 8.375%, Ser B | BBB- | 233,000 | 7,956,950 |
Monongahela Power Co., $7.73, Ser L | B | 33,143 | 3,347,443 |
Northern Indiana Public Service Co., 4.50% | BB+ | 28,863 | 2,429,003 |
Northern Indiana Public Service Co., 4.88% (G) | BB+ | 7,971 | 727,603 |
Ohio Edison Co., 4.56% | BB+ | 15,325 | 1,271,975 |
Southern California Edison Co., 6.125% | BBB- | 30,000 | 3,009,375 |
Union Electric Co., $4.50 | BBB- | 10,370 | 837,377 |
Wisconsin Power & Light Co., 4.50% | BBB | 4,600 | 404,800 |
Xcel Energy, Inc., $4.08, Ser B | BB+ | 66,070 | 5,186,495 |
Xcel Energy, Inc., $4.56, Ser G | BB+ | 53,700 | 4,304,592 |
Gas Utilities 0.89% | 11,121,836 | ||
| |||
Southern Union Co., 7.55% | BB+ | 417,800 | 11,121,836 |
Investment Banking & Brokerage 2.93% | 36,666,769 | ||
| |||
Bear Stearns Cos., Inc. (The), 5.49%, | |||
Depositary Shares, Ser G | BBB | 251,800 | 12,615,180 |
Bear Stearns Cos., Inc. (The), 6.15%, | |||
Depositary Shares, Ser E | BBB | 64,900 | 3,309,900 |
Lehman Brothers Holdings, Inc., 5.67%, | |||
Depositary Shares, Ser D | BBB+ | 56,000 | 2,867,200 |
Lehman Brothers Holdings, Inc., 5.94%, | |||
Depositary Shares, Ser C | BBB+ | 256,260 | 12,787,374 |
Lehman Brothers Holdings, Inc., 6.50%, | |||
Depositary Shares, Ser F | BBB+ | 193,500 | 5,087,115 |
Multi-Line Insurance 1.85% | 23,207,797 | ||
| |||
ING Groep N.V., 6.20% (Netherlands) | A | 109,100 | 2,746,047 |
ING Groep N.V., 7.05% (Netherlands) | A | 100,000 | 2,590,000 |
MetLife, Inc., 6.50%, Ser B | BBB | 705,000 | 17,871,750 |
Multi-Utilities & Unregulated Power 0.80% | 10,087,551 | ||
| |||
Avista Corp., $6.95, Ser K | BB- | 38,009 | 3,933,931 |
Public Service Electric & Gas Co., 5.05%, | |||
Ser D | BB+ | 23,002 | 2,110,434 |
Page 3
John Hancock | ||||||
Tax-Advantaged Dividend Income Fund | ||||||
Securities owned by the Fund on | ||||||
September 30, 2005 (unaudited) | ||||||
Public Service Electric & Gas Co., 5.28%, | ||||||
Ser E | BB+ | 21,930 | 2,017,560 | |||
South Carolina Electric & Gas Co., 6.52% | Baa1 | 20,000 | 2,025,626 | |||
Oil & Gas Exploration & Production 2.78% |
34,834,082 | |||||
| ||||||
Anadarko Petroleum Corp., 5.46%, Depositary | ||||||
Shares, Ser B | BBB- | 50,000 | 4,878,125 | |||
Apache Corp., 5.68%, Depositary Shares, Ser B | BBB | 50,000 | 5,104,690 | |||
Devon Energy Corp., 6.49%, Ser A | BB+ | 150,000 | 15,426,570 | |||
Nexen, Inc., 7.35% (Canada) | BB+ | 359,584 | 9,424,697 | |||
Other Diversified Financial Services 2.30% |
28,837,892 | |||||
| ||||||
ABN AMRO Capital Funding Trust V, 5.90% | A | 140,000 | 3,421,600 | |||
ABN AMRO Capital Funding Trust VII, 6.08% | A | 950,000 | 23,683,500 | |||
General Electric Capital Corp., 6.10% | AAA | 20,200 | 514,292 | |||
JPMorgan Chase Capital XI, 5.875%, Ser K | A- | 50,000 | 1,218,500 | |||
Reinsurance 0.20% |
2,514,400 | |||||
| ||||||
RenaissanceRe Holdings Ltd., 6.08%, Ser C | ||||||
(Bermuda) | BBB+ | 112,000 | 2,514,400 | |||
Thrifts & Mortgage Finance 0.16% |
1,998,920 | |||||
| ||||||
Fannie Mae, 5.125%, Ser L | AA- | 47,200 | 1,998,920 | |||
Interest | Maturity | Credit | Par value | |||
Issuer, description | rate (%) | date | rating (A) | ($000) | Value | |
Short-term investments 0.57% | $7,100,000 | |||||
(Cost $7,098,746) | ||||||
Government U.S. Agency 0.57% | 7,100,000 | |||||
| ||||||
Federal Home Loan Bank, | ||||||
Disc Note | 3.180 | 10-03-05 | AAA | 7,100 | 7,100,000 | |
Total investments | 100.00% | $1,252,586,489 |
Page 4
John Hancock | ||||
Tax-Advantaged Dividend Income Fund | ||||
Financial futures contracts | ||||
September 30, 2005 (unaudited) | ||||
Number of | ||||
Open contracts | contracts | Position | Expiration | Appreciation |
|
||||
U.S. 10-Year Treasury Note | 300 | Short | Dec 05 | $220,008 |
Financial futures contracts
John Hancock Tax-Advantaged Dividend Income Fund Footnotes to Schedule of Investments September 30, 2005 (unaudited) |
(A) | Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available. |
(G) | Security rated internally by John Hancock Advisers, LLC. |
Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer. | |
The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund. | |
The cost of investments owned on September 30, 2005, including short-term investments, was $1,169,419,042. Gross unrealized appreciation and depreciation of investments aggregated $105,012,914 and $21,845,467, respectively, resulting in net unrealized appreciation of $83,167,447. | |
Footnotes to Schedule of Investments - Page 1
ITEM 2. CONTROLS AND PROCEDURES. |
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
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.
John Hancock Tax-Advantaged Dividend Income Fund
By: /s/ Keith F. Hartstein ------------------------------------- Keith F. Hartstein President and Chief Executive Officer Date: November 28, 2005 |
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/ Keith F. Hartstein ------------------------------------- Keith F. Hartstein President and Chief Executive Officer Date: November 28, 2005 |
By: /s/ John G. Vrysen
-------------------------------------
John G. Vrysen
Executive Vice President and Chief Financial Officer
Date: November 28, 2005 |