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 P. 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, 2006 |
ITEM 1. SCHEDULE OF INVESTMENTS
| John Hancock Tax-Advantaged Dividend Income Fund Securities owned by the Fund on September 30, 2006 (unaudited) |
| Issuer | Shares | Value |
| Common stocks 76.07% | $982,711,405 | |
|
| ||
| (Cost $875,093,086) | ||
| Diversified Banks 4.26% | 55,064,618 | |
|
| ||
| Comerica, Inc. | 296,000 | 16,848,320 |
| U.S. Bancorp. | 480,900 | 15,975,498 |
| Wachovia Corp. | 230,000 | 12,834,000 |
| Wells Fargo & Co. | 260,000 | 9,406,800 |
| Diversified Metals & Mining 0.53% | 6,776,000 | |
|
| ||
| Phelps Dodge Corp. | 80,000 | 6,776,000 |
| Electric Utilities 8.04% | 103,858,152 | |
|
| ||
| American Electric Power Co., Inc. | 355,500 | 12,929,535 |
| FPL Group, Inc. | 135,000 | 6,075,000 |
| Great Plains Energy, Inc. | 67,000 | 2,078,340 |
| Hawaiian Electric Industries, Inc. | 75,000 | 2,029,500 |
| Pinnacle West Capital Corp. | 230,000 | 10,361,500 |
| Progress Energy, Inc. | 569,600 | 25,848,448 |
| Scottish Power Plc, American Depositary | ||
| Receipt (United Kingdom) | 496,031 | 24,087,265 |
| Southern Co. (The) | 593,400 | 20,448,564 |
| Gas Utilities 8.38% | 108,279,859 | |
|
| ||
| Atmos Energy Corp. | 756,200 | 21,589,510 |
| National Fuel Gas Co. | 456,000 | 16,575,600 |
| Northwest Natural Gas Co. | 325,000 | 12,766,000 |
| ONEOK, Inc. | 821,100 | 31,029,369 |
| Peoples Energy Corp. | 585,200 | 23,788,380 |
| Piedmont Natural Gas Co., Inc. | 100,000 | 2,531,000 |
| Independent Power Producers & Energy Trade 1.18% | 15,258,940 | |
|
| ||
| Black Hills Corp. | 454,000 | 15,258,940 |
| Integrated Oil & Gas 1.40% | 18,095,940 | |
|
| ||
| Chevron Corp. | 279,000 | 18,095,940 |
| Integrated Telecommunication Services 3.05% | 39,463,089 | |
|
| ||
| AT&T, Inc. | 670,000 | 21,815,200 |
| Verizon Communications, Inc. | 475,300 | 17,647,889 |
| Multi-Utilities 29.55% | 381,787,872 | |
|
| ||
| Ameren Corp. | 561,100 | 29,620,469 |
| CH Energy Group, Inc. | 373,600 | 19,229,192 |
| Consolidated Edison, Inc. | 525,100 | 24,259,620 |
| Dominion Resources, Inc. | 385,000 | 29,448,650 |
| DTE Energy Co. | 609,914 | 25,317,530 |
Page 1
| John Hancock Tax-Advantaged Dividend Income Fund Securities owned by the Fund on September 30, 2006 (unaudited) |
| Duke Energy Corp. | 1,099,846 | 33,215,349 | ||
| Energy East Corp. | 573,000 | 13,591,560 | ||
| KeySpan Corp. | 811,747 | 33,395,272 | ||
| NiSource, Inc. | 642,700 | 13,972,298 | ||
| NSTAR | 1,086,000 | 36,228,960 | ||
| OGE Energy Corp. | 884,800 | 31,950,128 | ||
| PNM Resources, Inc. | 185,000 | 5,100,450 | ||
| Public Service Enterprise Group, Inc. | 375,600 | 22,982,964 | ||
| SCANA Corp. | 257,500 | 10,369,525 | ||
| TECO Energy, Inc. | 40,000 | 626,000 | ||
| Vectren Corp. | 689,900 | 18,523,815 | ||
| WPS Resources Corp. | 343,000 | 17,023,090 | ||
| Xcel Energy, Inc. | 820,000 | 16,933,000 | ||
| Oil & Gas Storage & Transportation 1.34% | 17,258,310 | |||
|
| ||||
| Kinder Morgan, Inc. | 164,600 | 17,258,310 | ||
| Other Diversified Financial Services 4.67% | 60,312,838 | |||
|
| ||||
| Bank of America Corp. | 730,000 | 39,106,100 | ||
| Citigroup, Inc. | 187,000 | 9,288,290 | ||
| JPMorgan Chase & Co. | 253,800 | 11,918,448 | ||
| Regional Banks 12.12% | 156,587,464 | |||
|
| ||||
| AmSouth Bancorp. | 775,000 | 22,506,000 | ||
| BB&T Corp. | 495,000 | 21,671,100 | ||
| F.N.B. Corp. | 166,900 | 2,780,554 | ||
| First Horizon National Corp. | 215,000 | 8,172,150 | ||
| FirstMerit Corp. | 365,000 | 8,457,050 | ||
| KeyCorp | 619,000 | 23,175,360 | ||
| National City Corp. | 505,000 | 18,483,000 | ||
| PNC Financial Services Group, Inc. | 305,000 | 22,094,200 | ||
| Regions Financial Corp. | 795,000 | 29,248,050 | ||
| Thrifts & Mortgage Finance 0.92% | 11,867,310 | |||
|
| ||||
| Washington Mutual, Inc. | 273,000 | 11,867,310 | ||
| Wireless Telecommunication Services 0.63% | 8,101,013 | |||
|
| ||||
| Vodafone Group Plc, ADR (United Kingdom) | 354,375 | 8,101,013 | ||
| Credit | ||||
| Issuer, description | rating (A) | Shares | Value | |
| Preferred stocks 21.72% | $280,587,021 | |||
|
| ||||
| (Cost $285,792,569) | ||||
| Broadcasting & Cable TV 0.24% | 3,083,595 | |||
|
| ||||
| Comcast Corp., 7.00% | BBB+ | 120,500 | 3,083,595 | |
| Consumer Finance 0.42% | 5,454,253 | |||
|
| ||||
| HSBC Finance Corp., 6.36%, Depositary | ||||
| Shares, Ser B | A | 150,000 | 3,870,000 | |
| HSBC USA, Inc., $2.8575 (G) | A1 | 3,800 | 183,469 | |
Page 2
| John Hancock Tax-Advantaged Dividend Income Fund Securities owned by the Fund on September 30, 2006 (unaudited) |
| SLM Corp., 6.97%, Ser A | BBB+ | 26,400 | 1,400,784 |
| Diversified Banks 2.14% | 27,585,744 | ||
|
| |||
| Abbey National Plc, 7.375%, Depositary | |||
| Shares, Ser B (United Kingdom) | A | 93,100 | 2,442,944 |
| Royal Bank of Scotland Group Plc, 5.75%, | |||
| Ser L (United Kingdom) | A | 920,000 | 22,043,200 |
| Wells Fargo Capital Trust IV, 7.00% | A+ | 123,000 | 3,099,600 |
| Electric Utilities 6.96% | 89,875,859 | ||
|
| |||
| Alabama Power Co., 5.30% (Class A) | BBB+ | 213,000 | 5,298,375 |
| Carolina Power & Light Co., $5.44 | BB+ | 111,493 | 10,759,075 |
| Connecticut Light & Power Co., $3.24, | |||
| Ser 68G | BB+ | 20,686 | 1,063,391 |
| Duquesne Light Co., 6.50% | BB+ | 227,000 | 11,182,020 |
| Entergy Arkansas, Inc., $6.08 | BA1 | 11,372 | 1,140,399 |
| Entergy Arkansas, Inc., 4.56% | BB+ | 9,388 | 783,018 |
| Entergy Arkansas, Inc., 4.56%, Ser 1965 | BB+ | 9,818 | 834,224 |
| Entergy Arkansas, Inc., 6.45% | BB+ | 110,000 | 2,784,375 |
| Entergy Gulf States, Inc., $7.56 | BB+ | 28,422 | 2,849,306 |
| Entergy Mississippi, Inc., 4.92% | BA2 | 8,190 | 751,432 |
| Entergy Mississippi, Inc., 6.25% | BB+ | 197,500 | 4,881,963 |
| FPC Capital I, 7.10%, Ser A | BB+ | 48,600 | 1,226,178 |
| FPL Group Capital Trust I, 5.875% | BBB+ | 318,200 | 7,398,150 |
| Interstate Power & Light Co., 7.10%, Ser C | BBB- | 20,600 | 532,382 |
| Interstate Power & Light Co., 8.375%, Ser B | Baa3 | 233,000 | 7,223,000 |
| PPL Electric Utilities Corp., 6.25%, | |||
| Depositary Shares | BBB | 300,000 | 7,640,640 |
| PPL Energy Supply, LLC, 7.00% | BBB | 297,512 | 7,586,556 |
| Southern California Edison Co., 6.00%, | |||
| Series C | BBB- | 30,000 | 3,042,510 |
| Southern California Edison Co., 6.125% | BBB- | 50,000 | 4,985,940 |
| Virginia Power Capital Trust, 7.375% | BB+ | 135,400 | 3,452,700 |
| Xcel Energy, Inc., $4.56, Ser G | BB+ | 53,900 | 4,460,225 |
| Gas Utilities 0.83% | 10,770,884 | ||
|
| |||
| Southern Union Co., 7.55%, Ser A | BB+ | 417,800 | 10,770,884 |
| Investment Banking & Brokerage 2.82% | 36,447,719 | ||
|
| |||
| Bear Stearns Cos., Inc. (The), 5.49%, | |||
| Depositary Shares, Ser G | BBB | 246,100 | 11,320,600 |
| Bear Stearns Cos., Inc. (The), 5.72%, | |||
| Depositary Shares, Ser F | BBB | 3,000 | 145,950 |
| Bear Stearns Cos., Inc. (The), 6.15%, | |||
| Depositary Shares, Ser E | BBB | 71,600 | 3,615,800 |
| Lehman Brothers Holdings, Inc., 5.67%, | |||
| Depositary Shares, Ser D | A- | 63,000 | 3,024,000 |
| Lehman Brothers Holdings, Inc., 5.94%, | |||
| Depositary Shares, Ser C | A- | 266,260 | 13,352,939 |
| Lehman Brothers Holdings, Inc., 6.50%, | |||
| Depositary Shares, Ser F | A- | 193,500 | 4,988,430 |
Page 3
| John Hancock Tax-Advantaged Dividend Income Fund Securities owned by the Fund on September 30, 2006 (unaudited) |
| Life & Health Insurance 1.42% | 18,413,406 | ||||
|
| |||||
| MetLife, Inc., 6.50%, Ser B | BBB | 705,000 | 18,266,550 | ||
| Prudential Plc, 6.50% (United Kingdom) | A- | 5,800 | 146,856 | ||
| Multi-Line Insurance 0.42% | 5,393,441 | ||||
|
| |||||
| Aegon NV, 6.50% (Netherlands) | A- | 5,000 | 126,850 | ||
| ING Groep NV, 6.20% (Netherlands) | A | 109,100 | 2,728,591 | ||
| ING Groep NV, 7.05% (Netherlands) | A | 100,000 | 2,538,000 | ||
| Multi-Utilities 0.76% | 9,787,352 | ||||
|
| |||||
| BGE Capital Trust II, 6.20% | BBB- | 147,100 | 3,517,161 | ||
| Public Service Electric & Gas Co., 5.05%, | |||||
| Ser D | BB+ | 23,442 | 2,133,222 | ||
| Public Service Electric & Gas Co., 5.28%, | |||||
| Ser E | BB+ | 22,930 | 2,131,343 | ||
| South Carolina Electric & Gas Co., 6.52% | Baa1 | 20,000 | 2,005,626 | ||
| Oil & Gas Exploration & Production 2.81% | 36,251,993 | ||||
|
| |||||
| Anadarko Petroleum Corp., 5.46%, | |||||
| Depositary Shares, Ser B | BB | 40,000 | 3,770,000 | ||
| Apache Corp., 5.68%, Depositary Shares, | |||||
| Ser B | BBB | 50,000 | 4,982,815 | ||
| Chesapeake Energy Corp., 6.25%, Conv (G) | B1 | 7,290 | 1,839,194 | ||
| Devon Energy Corp., 6.49%, Ser A | BB+ | 150,000 | 15,159,375 | ||
| Nexen, Inc., 7.35% (Canada) | BB+ | 408,584 | 10,500,609 | ||
| Other Diversified Financial Services 2.61% | 33,713,760 | ||||
|
| |||||
| ABN AMRO Capital Funding Trust VII, 6.08% | A | 950,000 | 23,294,000 | ||
| Bank of America Corp., 6.20%, Depositary | |||||
| Shares, Ser D | A | 240,000 | 6,124,800 | ||
| Citigroup Capital VIII, 6.95% | A | 95,500 | 2,398,960 | ||
| JPMorgan Chase Capital X, 7.00%, Ser J | A1 | 75,000 | 1,896,000 | ||
| Regional Banks 0.10% | 1,320,375 | ||||
|
| |||||
| Suntrust Capital IV, 7.125% | A- | 52,500 | 1,320,375 | ||
| Reinsurance 0.19% | 2,488,640 | ||||
|
| |||||
| RenaissanceRe Holdings Ltd., 6.08%, Ser C | |||||
| (Bermuda) | BBB | 112,000 | 2,488,640 | ||
| Interest | Maturity | Credit | Par value | ||
| Issuer, description | rate (%) | date | rating (A) | ($000) | Value |
| Short-term investments 2.21% | $28,600,000 | ||||
|
| |||||
| (Cost $28,593,009) | |||||
| Government U.S. Agency 2.21% | 28,600,000 | ||||
|
| |||||
| Federal Home Loan Bank, | |||||
| Disc Note | 4.400 | 10-02-06 | AAA | $28,600 | 28,600,000 |
| Total investments (Cost $1,189,478,664) 100.00% | $1,291,898,426 | ||||
Page 4
|
John Hancock Tax-Advantaged Dividend Income Fund Footnotes to Schedule of Investments September 30, 2006 (unaudited) |
(A) Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available unless indicated otherwise.
(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; however, security is U.S. dollar-denominated.
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, 2006, including short-term investments, was $1,189,478,664. Gross unrealized appreciation and depreciation of investments aggregated $118,312,916 and $15,893,154, respectively, resulting in net unrealized appreciation of $102,419,762.
Footnotes to Schedule of Investments - Page 1
|
John Hancock Tax-Advantaged Dividend Income Fund Financial futures contracts September 30, 2006 (unaudited) |
| Number of | ||||
| Open contracts | contracts | Position | Expiration | Depreciation |
|
|
||||
| U.S. Treasury 10-Year Note | 300 | Short | Nov 06 | $344,286 |
Financial futures contracts
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 29, 2006
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 29, 2006
By: /s/ John G. Vrysen
-------------------------------------
John G. Vrysen
Executive Vice President and Chief Financial Officer
Date: November 29, 2006