a_taxadvdivinc.htm

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 Counsel 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, 2007 

 

ITEM 1. SCHEDULE OF INVESTMENTS


John Hancock
Tax-Advantaged Dividend Income Fund
Securities owned by the Fund on
September 30, 2007 (unaudited)

Issuer    Shares  Value 
Common stocks 105.48%      $970,364,488 
(Cost $854,423,054)       
 
Diversified Banks 7.58%      69,706,207 
Comerica, Inc.    296,000  15,178,880 
U.S. Bancorp.    720,900  23,450,877 
Wachovia Corp.    435,000  21,815,250 
Wells Fargo & Co.    260,000  9,261,200 
 
Diversified Metals & Mining 0.43%      3,921,837 
Freeport-McMoRan Copper & Gold, Inc.       
(Class B)    37,390  3,921,837 
 
Electric Utilities 12.62%      116,102,549 
American Electric Power Co., Inc.    498,500  22,970,880 
Duke Energy Corp.    1,125,000  21,026,250 
FirstEnergy Corp.    90,000  5,700,600 
FPL Group, Inc.    65,000  3,957,200 
Great Plains Energy, Inc.    67,000  1,930,270 
Hawaiian Electric Industries, Inc.    114,700  2,490,137 
Pinnacle West Capital Corp.    230,000  9,087,300 
Progress Energy, Inc.    569,600  26,685,760 
Southern Co.    613,400  22,254,152 
 
Gas Utilities 10.64%      97,908,580 
Atmos Energy Corp.    756,500  21,424,080 
National Fuel Gas Co.    456,000  21,345,360 
Northwest Natural Gas Co.    300,000  13,710,000 
ONEOK, Inc.    821,100  38,920,140 
Piedmont Natural Gas Co., Inc.    100,000  2,509,000 
 
Industrial Conglomerates 0.63%      5,796,000 
General Electric Co.    140,000  5,796,000 
 
Integrated Oil & Gas 5.92%      54,416,010 
BP Plc, ADR (United Kingdom) (F)    410,000  28,433,500 
Chevron Corp.    185,000  17,312,300 
Total SA, ADR (France) (F)    107,000  8,670,210 
 
Integrated Telecommunication Services 3.48%     31,977,484 
AT&T, Inc.    520,000  22,001,200 
Verizon Communications, Inc.    225,300  9,976,284 

Page 1

John Hancock
Tax-Advantaged Dividend Income Fund
Securities owned by the Fund on
September 30, 2007 (unaudited)

 
Multi-Utilities 39.66%      364,919,539 
Ameren Corp.    561,100  29,457,750 
Black Hills Corp.    454,000  18,623,080 
CH Energy Group, Inc.    378,600  18,097,080 
Consolidated Edison, Inc.    350,100  16,209,630 
Dominion Resources, Inc.    304,000  25,627,200 
DTE Energy Co.    609,914  29,544,234 
Energy East Corp.    858,600  23,225,130 
Integrys Energy Group, Inc.    636,741  32,620,241 
National Grid Plc, ADR (Great       
Britain) (F)    62,900  5,046,467 
NiSource, Inc.    790,500  15,130,170 
NSTAR    1,086,000  37,803,660 
OGE Energy Corp.    895,000  29,624,500 
PNM Resources, Inc.    116,000  2,700,480 
Public Service Enterprise Group, Inc.    267,600  23,546,124 
SCANA Corp.    257,500  9,975,550 
TECO Energy, Inc.    371,400  6,102,102 
Vectren Corp.    815,700  22,260,453 
Xcel Energy, Inc.    897,200  19,325,688 
 
Oil & Gas Storage & Transportation 4.03%     37,052,475 
Enbridge, Inc. (Canada) (F)    82,500  3,025,275 
Spectra Energy Corp.    1,390,000  34,027,200 
 
Other Diversified Financial Services 6.20%      57,053,506 
Bank of America Corp.    730,000  36,697,100 
Citigroup, Inc.    187,000  8,727,290 
JPMorgan Chase & Co.    253,800  11,629,116 
 
Publishing 0.09%      844,340 
Idearc, Inc.    26,830  844,340 
 
Regional Banks 11.76%      108,162,518 
BB&T Corp.    495,000  19,993,050 
First Horizon National Corp.    215,000  5,731,900 
KeyCorp    619,000  20,012,270 
PNC Financial Services Group, Inc. (The)  305,000  20,770,500 
Regions Financial Corp.    1,412,985  41,654,798 
 
Thrifts & Mortgage Finance 1.04%      9,639,630 
Washington Mutual, Inc.    273,000  9,639,630 
 
Wireless Telecommunication Services 1.40%    12,863,813 
Vodafone Group Plc, ADR (United       
Kingdom) (F)    354,375  12,863,813 

Page 2

John Hancock
Tax-Advantaged Dividend Income Fund
Securities owned by the Fund on
September 30, 2007 (unaudited)

   
  Credit     
Issuer, description  rating (A)  Shares  Value 
Preferred stocks 32.74%      $301,168,124 
(Cost $317,497,588)       
 
Broadcasting & Cable TV 0.34%      3,162,600 
Comcast Corp., 7.00%  BBB+  125,500  3,162,600 
 
Consumer Finance 0.58%      5,356,100 
HSBC Finance Corp., 6.36%, Depositary       
Shares, Ser B  A  150,000  3,603,000 
SLM Corp., 6.97%, Ser A  BBB-  37,300  1,753,100 
 
Diversified Banks 1.97%      18,114,350 
Royal Bank of Scotland Group Plc, 5.75%,       
Ser L (United Kingdom) (F)  A  858,500  18,114,350 
 
Diversified Metals & Mining 0.34%      3,102,000 
Freeport McMoRan Copper & Gold, Inc.,       
6.75%, Conv  B+  20,000  3,102,000 
 
Electric Utilities 9.83%      90,445,466 
Alabama Power Co., 5.30% (Class A)  BBB+  200,000  4,375,000 
Carolina Power & Light Co., $5.44  BBB-  111,493  10,577,898 
Connecticut Light & Power Co., $3.24,       
Ser 68G  BB+  20,686  1,064,036 
Duquesne Light Co., 6.50%  BB  427,000  21,683,615 
Entergy Arkansas, Inc., $6.08  Ba1  11,372  1,202,234 
Entergy Arkansas, Inc., 4.56%  BB+  9,388  785,365 
Entergy Arkansas, Inc., 4.56%, Ser 1965  BB+  9,818  821,338 
Entergy Arkansas, Inc., 6.45%  BB+  110,000  2,811,875 
Entergy Gulf States, Inc., $7.56  BB+  28,422  2,700,090 
Entergy Mississippi, Inc., 4.92%  Ba2  8,190  727,631 
Entergy Mississippi, Inc., 6.25%  BB+  197,500  4,925,156 
FPC Capital I, 7.10%, Ser A  BBB-  67,500  1,647,000 
FPL Group Capital Trust I, 5.875%  BBB+  280,000  6,328,000 
Interstate Power & Light Co., 7.10%,       
Ser C  BBB-  20,700  529,792 
Interstate Power & Light Co., 8.375%,       
Ser B  Baa2  233,000  7,106,500 
PPL Electric Utilities Corp., 6.25%,       
Depositary Shares  BBB  300,000  7,621,890 
PPL Energy Supply, LLC, 7.00%  BBB  297,512  7,333,671 
Southern California Edison Co., 6.00%,       
Ser C  BBB-  30,000  3,035,625 
Southern California Edison Co., 6.125%  BBB-  50,000  5,168,750 
 
Gas Utilities 1.72%      15,844,290 
Southern Union Co., 7.55%, Ser A  BB  627,000  15,844,290 

Page 3

John Hancock
Tax-Advantaged Dividend Income Fund
Securities owned by the Fund on
September 30, 2007 (unaudited)

     
Investment Banking & Brokerage 3.89%      35,807,202 
Bear Stearns Cos., Inc. (The), 5.49%,       
Depositary Shares, Ser G  A-  246,100  10,274,675 
Bear Stearns Cos., Inc. (The), 6.15%,       
Depositary Shares, Ser E  A-  92,900  4,435,975 
Lehman Brothers Holdings, Inc., 5.67%,       
Depositary Shares, Ser D  A-  63,000  2,875,950 
Lehman Brothers Holdings, Inc., 5.94%,       
Depositary Shares, Ser C  A-  271,760  13,030,892 
Lehman Brothers Holdings, Inc., 6.50%,       
Depositary Shares, Ser F  A-  164,300  4,074,640 
Merrill Lynch & Co., Inc., 6.375%,       
Depositary Shares, Ser 3  A  46,500  1,115,070 
 
Life & Health Insurance 1.89%      17,406,450 
MetLife, Inc., 6.50%, Ser B  BBB  705,000  17,406,450 
 
Multi-Utilities 1.67%      15,369,721 
BGE Capital Trust II, 6.20%  BBB-  147,100  3,377,416 
Public Service Electric & Gas Co.,       
5.05%, Ser D  BB+  23,442  2,103,920 
Public Service Electric & Gas Co.,       
5.28%, Ser E  BB+  22,930  2,147,853 
South Carolina Electric & Gas Co., 6.52%  Baa1  31,400  3,154,720 
Xcel Energy, Inc., $4.56, Ser G  BB+  53,900  4,585,812 
 
Oil & Gas Exploration & Production 3.53%      32,427,260 
Anadarko Petroleum Corp., 5.46%,       
Depositary Shares, Ser B  BB  40,000  3,866,252 
Chesapeake Energy Corp., 6.25%, Conv (G)  B+  9,290  2,644,213 
Devon Energy Corp., 6.49%, Ser A  BB+  150,000  15,154,695 
Nexen, Inc., 7.35% (Canada) (F)  BB+  430,484  10,762,100 
 
Other Diversified Financial Services 5.00%      45,974,701 
ABN AMRO Capital Funding Trust VII, 6.08%  A  970,000  21,029,600 
Bank of America Corp., 6.204%,       
Depositary Shares, Ser D  A+  240,000  5,904,000 
Bank of America Corp., 6.625%  A+  240,000  6,024,000 
DB Capital Trust II, 6.55%  A+  305,000  7,274,250 
ING Groep NV, 6.20% (Netherlands) (F)  A  109,100  2,357,651 
ING Groep NV, 7.05% (Netherlands) (F)  A  140,000  3,385,200 
 
Reinsurance 0.21%      1,893,160 
RenaissanceRe Holdings Ltd., 6.08%,       
Ser C (Bermuda) (F)  BBB  94,000  1,893,160 
 
Specialized Finance 0.75%      6,885,000 
CIT Group, Inc., 6.35%, Ser A  BBB+  300,000  6,885,000 
 
Wireless Telecommunication Services 1.02%      9,379,824 
United States Cellular Corp., 7.50%  BB+  398,294  9,379,824 

Page 4

John Hancock
Tax-Advantaged Dividend Income Fund
Securities owned by the Fund on
September 30, 2007 (unaudited)

         
  Interest  Maturity  Credit  Par value   
Issuer, description  rate  date  rating (A)  (000)  Value 
Short-term investments 2.67%          $24,600,000 
(Cost $24,594,533)           
 
Government U.S. Agency 2.67%          24,600,000 
Federal Home Loan Bank,           
Discount Note  4.000%  10-01-07  AAA  $24,600  24,600,000 
 
Total investments (Cost $1,196,515,175) 140.89%    $1,296,132,612 
 
Other assets and liabilities, net 0.42%      $3,865,474 
  
Fund preferred shares, at liquidation value (41.31%)    ($380,066,572) 
 
Total net assets applicable           
to common shareholders  100.00%        $919,931,514 

The percentage shown for each investment category is the total value of that category, at liquidation value as a percentage of the net assets applicable to common shareholders.

Page 5

John Hancock
Tax-Advantaged Dividend Income Fund
Notes to Schedule of Investments
September 30, 2007 (unaudited)

ADR American depositary receipt.

(A) Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available, unless indicated otherwise.

(F) Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer; however, security is U.S. dollar-denominated.

(G) Security rated internally by John Hancock Advisers, LLC.

The cost of investments owned on September 30, 2007, including short-term investments, was $1,196,515,175. Gross unrealized appreciation and depreciation of investments aggregated $139,573,836 and $39,956,399, respectively, resulting in net unrealized appreciation of $99,617,437.

Notes to Schedule of Investments - Page 1

Notes to portfolio of investments

Security valuation

The net asset value of the common shares of the Fund is determined daily as of the close of the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost, and thereafter assume a constant amortization to maturity of any discount or premium, which approximates market value. Investments in John Hancock Cash Investment Trust (JHCIT), an affiliate of John Hancock Advisers, LLC (the Adviser), a wholly owned subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation (MFC), are valued at their net asset value each business day. All other securities held by the Fund are valued at the last sale price or official closing price (closing bid price or last evaluated quote if no sale has occurred) as of the close of business on the principal securities exchange (domestic or foreign) on which they trade or, lacking any sales, at the closing bid price. Securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Securities for which there are no such quotations, principally debt securities, are valued based on the valuation provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data.

Other assets and securities for which no such quotations are readily available are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. The values of such securities used in computing the net asset value of the Fund’s shares are generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined and the close of the NYSE. Upon such an occurrence, these securities will be valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees.

Notes to Schedule of Investments - Page 2


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 19, 2007

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 19, 2007

By: /s/ Charles A. Rizzo
-------------------------------------
Charles A. Rizzo
Chief Financial Officer

Date: November 19, 2007