Evergreen Income Advantage Fund is a closed ended fixed income mutual fund launched and managed by Evergreen Investment Management Company, LLC. It is co-managed by Tattersall Advisory Group Inc. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against Merrill Lynch High Yield Index. Evergreen Income Advantage Fund was formed on December 3, 2002 and is domiciled in the United States.