Is EVT a good long term, stable investment to buy now with low expense ratio

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) does not appear to be a good long-term, stable investment with a low expense ratio:

1. High Volatility: The fund's performance has been volatile, with a 1-year total return of 16.55% and a 3-year total return of 9.53%. This suggests that the fund's returns are not consistent, which is inconsistent with a stable investment profile.
2. Tax-Advantaged: The fund's name suggests that it offers tax advantages, which could be attractive to investors. However, this does not necessarily indicate stability or a low expense ratio.
3. Expense Ratio Unavailable: The expense ratio for EVT is not provided, which makes it difficult to assess the cost of investing in the fund. A low expense ratio is typically a desirable feature for long-term investors as it reduces the impact of fees on investment returns.
4. Dividend Yield: The fund has a high distribution rate of 8.16% and a premium/ discount of -8.88%. This indicates a high yield, which could be attractive for income-seeking investors. However, it's important to consider the sustainability of this yield and the fund's ability to maintain it over the long term.
5. Investment Strategy: The fund's investment objective is to provide a high level of after-tax total return consisting primarily of tax-advantaged dividend income and capital appreciation. This strategy could provide opportunities for capital growth, but it also carries risks.
6. Management Team: The fund is managed by Aaron Dunn and Derek DiGregorio, who have extensive experience in managing value equity portfolios. This experienced management team could be a positive factor for the fund's stability.

In conclusion, EVT does not exhibit the characteristics of a good long-term, stable investment with a low expense ratio. Its high volatility, the unavailability of the expense ratio, and the inherent risks in its investment strategy suggest that it may not be suitable for investors seeking stability and low costs. The high dividend yield could be attractive, but it should be weighed against the overall risk profile of the fund. Investors should carefully consider these factors and their own risk tolerance before making an investment decision.