NPORT-EX 1 NPORT_829849599368881.htm HTML

Eaton Vance

Enhanced Equity Income Fund II

March 31, 2019

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.8%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 3.6%

      

Boeing Co. (The)

      34,644      $ 13,213,914  

Raytheon Co.

      82,209        14,968,615  
     

 

 

  
      $ 28,182,529  
     

 

 

  

Auto Components — 2.4%

      

Aptiv PLC

      233,289      $ 18,544,143  
     

 

 

  
      $ 18,544,143  
     

 

 

  

Banks — 2.7%

      

Bank of America Corp.

      291,849      $ 8,052,114  

JPMorgan Chase & Co.

      128,351        12,992,972  
     

 

 

  
      $ 21,045,086  
     

 

 

  

Beverages — 2.1%

      

Coca-Cola Co. (The)

      175,574      $ 8,227,398  

Constellation Brands, Inc., Class A

      22,907        4,016,284  

PepsiCo, Inc.

      38,207        4,682,268  
     

 

 

  
      $ 16,925,950  
     

 

 

  

Biotechnology — 4.5%

      

Alnylam Pharmaceuticals, Inc.(2)

      46,770      $ 4,370,656  

Argenx SE ADR(2)

      28,878        3,605,130  

Bluebird Bio, Inc.(2)

      12,904        2,030,186  

Celgene Corp.(2)

      66,642        6,287,006  

Exact Sciences Corp.(2)

      61,693        5,343,848  

Vertex Pharmaceuticals, Inc.(2)

      77,099        14,182,361  
     

 

 

  
      $     35,819,187  
     

 

 

  

Building Products — 1.1%

      

Fortune Brands Home & Security, Inc.

      188,397      $ 8,969,581  
     

 

 

  
      $ 8,969,581  
     

 

 

  

Capital Markets — 1.9%

      

Charles Schwab Corp. (The)

      351,247      $ 15,019,322  
     

 

 

  
      $ 15,019,322  
     

 

 

  

Chemicals — 2.5%

      

Ecolab, Inc.

      68,396      $ 12,074,630  

Sherwin-Williams Co. (The)

      17,765        7,651,563  
     

 

 

  
      $ 19,726,193  
     

 

 

  

Commercial Services & Supplies — 2.8%

      

Waste Connections, Inc.

      119,473      $ 10,584,113  

Waste Management, Inc.

      112,318        11,670,963  
     

 

 

  
      $ 22,255,076  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Communications Equipment — 1.0%

      

Arista Networks, Inc.(2)

      24,538      $ 7,716,219  
     

 

 

  
      $ 7,716,219  
     

 

 

  

Containers & Packaging — 0.5%

      

Avery Dennison Corp.

      36,112      $ 4,080,656  
     

 

 

  
      $ 4,080,656  
     

 

 

  

Electronic Equipment, Instruments & Components — 1.0%

      

Littelfuse, Inc.

      43,517      $ 7,940,982  
     

 

 

  
      $ 7,940,982  
     

 

 

  

Entertainment — 3.0%

      

Netflix, Inc.(2)

      27,799      $ 9,912,011  

Spotify Technology SA(2)

      59,158        8,211,130  

Walt Disney Co. (The)

      53,650        5,956,760  
     

 

 

  
      $ 24,079,901  
     

 

 

  

Health Care Equipment & Supplies — 5.6%

      

Abbott Laboratories

      221,686      $ 17,721,578  

Danaher Corp.

      81,195        10,719,364  

Intuitive Surgical, Inc.(2)

      20,943        11,949,657  

iRhythm Technologies, Inc.(2)

      47,654        3,572,144  
     

 

 

  
      $ 43,962,743  
     

 

 

  

Health Care Providers & Services — 2.1%

      

Anthem, Inc.

      19,513      $ 5,599,841  

UnitedHealth Group, Inc.

      45,692        11,297,804  
     

 

 

  
      $ 16,897,645  
     

 

 

  

Hotels, Restaurants & Leisure — 1.1%

      

Starbucks Corp.

      113,191      $ 8,414,619  
     

 

 

  
      $ 8,414,619  
     

 

 

  

Interactive Media & Services — 13.6%

      

Alphabet, Inc., Class C(2)

      54,439      $ 63,873,823  

Cargurus, Inc.(2)

      163,031        6,531,022  

Facebook, Inc., Class A(2)

      108,309        18,054,027  

IAC/InterActiveCorp.(2)

      56,101        11,787,381  

Twitter, Inc.(2)

      235,310        7,736,993  
     

 

 

  
      $     107,983,246  
     

 

 

  

Internet & Direct Marketing Retail — 8.9%

      

Amazon.com, Inc.(2)

      35,783      $ 63,720,577  

Booking Holdings, Inc.(2)

      3,847        6,712,669  
     

 

 

  
      $ 70,433,246  
     

 

 

  

IT Services — 8.0%

      

GoDaddy, Inc., Class A(2)

      225,833      $ 16,980,383  

Visa, Inc., Class A

      294,628        46,017,948  
     

 

 

  
      $ 62,998,331  
     

 

 

  

Life Sciences Tools & Services — 0.7%

      

Illumina, Inc.(2)

      18,648      $ 5,793,747  
     

 

 

  
      $ 5,793,747  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Pharmaceuticals — 3.4%

      

AstraZeneca PLC ADR

      185,413      $ 7,496,247  

Merck & Co., Inc.

      167,763        13,952,849  

Novartis AG ADR

      59,590        5,728,983  
     

 

 

  
      $ 27,178,079  
     

 

 

  

Road & Rail — 1.9%

      

CSX Corp.

      202,138      $ 15,123,965  
     

 

 

  
      $ 15,123,965  
     

 

 

  

Semiconductors & Semiconductor Equipment — 4.0%

      

Broadcom, Inc.

      10,355      $ 3,113,852  

Micron Technology, Inc.(2)

      160,304        6,625,364  

QUALCOMM, Inc.

      217,019        12,376,594  

Texas Instruments, Inc.

      88,994        9,439,594  
     

 

 

  
      $ 31,555,404  
     

 

 

  

Software — 14.6%

      

Adobe, Inc.(2)

      77,589      $ 20,676,693  

Intuit, Inc.

      57,084        14,922,328  

Microsoft Corp.

      220,860        26,048,228  

Palo Alto Networks, Inc.(2)

      72,535        17,617,301  

SailPoint Technologies Holding, Inc.(2)

      283,066        8,129,656  

salesforce.com, inc.(2)

      175,214        27,748,641  
     

 

 

  
      $ 115,142,847  
     

 

 

  

Specialty Retail — 4.3%

      

Home Depot, Inc. (The)

      33,243      $ 6,378,999  

Lowe’s Cos., Inc.

      73,458        8,041,447  

TJX Cos., Inc. (The)

      211,522        11,255,086  

Ulta Beauty, Inc.(2)

      24,012        8,373,705  
     

 

 

  
      $ 34,049,237  
     

 

 

  

Technology Hardware, Storage & Peripherals — 1.8%

      

Apple, Inc.

      76,467      $ 14,524,907  
     

 

 

  
      $ 14,524,907  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.7%

      

NIKE, Inc., Class B

      161,356      $ 13,587,789  
     

 

 

  
      $ 13,587,789  
     

 

 

  

Total Common Stocks
(identified cost $477,206,196)

       $ 797,950,630  
     

 

 

  

Short-Term Investments — 0.5%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.59%(3)

      3,829,186      $ 3,829,186  
     

 

 

  

Total Short-Term Investments
(identified cost $3,829,186)

       $ 3,829,186  
     

 

 

  

Total Investments — 101.3%
(identified cost $481,035,382)

       $     801,779,816  
     

 

 

  

 

3

 

 

                                                 
Description            Value  

Total Written Covered Call Options — (0.9)%
(premiums received $5,887,439)

       $ (7,060,168 ) 
     

 

 

  

Other Assets, Less Liabilities — (0.4)%

       $ (3,141,654 ) 
     

 

 

  

Net Assets — 100.0%

       $ 791,577,994  
     

 

 

  

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1)

All or a portion of each applicable common stock for which a written call option is outstanding at March 31, 2019 has been pledged as collateral for such written option.

 

(2)

Non-income producing security.

 

(3)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2019. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended March 31, 2019 was $46,181.

                                                                                                                                                     

Written Covered Call Options — (0.9)%

 

Exchange-Traded Options — (0.9)%

 

Description    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Abbott Laboratories

      1,105      $ 8,833,370      $ 80        4/18/19      $ (174,590 ) 

Adobe, Inc.

      385        10,259,865        265        4/18/19        (256,988 ) 

Alnylam Pharmaceuticals, Inc.

      230        2,149,350        105        4/18/19        (7,475 ) 

Alphabet, Inc., Class C

      270        31,679,370        1,150        4/18/19        (949,050 ) 

Amazon.com, Inc.

      175        31,163,125        1,775        4/18/19        (742,000 ) 

Anthem, Inc.

      95        2,726,310        310        4/18/19        (3,467 ) 

Apple, Inc.

      380        7,218,100        190        4/18/19        (141,550 ) 

Aptiv PLC

      1,165        9,260,585        85        4/18/19        (29,125 ) 

Arista Networks, Inc.

      120        3,773,520        340        5/17/19        (111,600 ) 

AstraZeneca PLC ADR

      465        1,879,995        43        4/12/19        (2,325 ) 

Avery Dennison Corp.

      100        1,130,000        110        4/18/19        (40,000 ) 

Bank of America Corp.

      1,455        4,014,345        29        5/3/19        (40,740 ) 

Boeing Co. (The)

      80        3,051,360        440        4/18/19        (760 ) 

Booking Holdings, Inc.

      15        2,617,365        1,810        4/18/19        (14,850 ) 

Broadcom, Inc.

      100        3,007,100        300        4/26/19        (85,500 ) 

Cargurus, Inc.

      690        2,764,140        45        4/18/19        (12,075 ) 

Charles Schwab Corp. (The)

      1,755        7,504,380        47        4/18/19        (13,162 ) 

Coca-Cola Co. (The)

      875        4,100,250        47        4/18/19        (38,938 ) 

Constellation Brands, Inc., Class A

      110        1,928,630        185        4/18/19        (24,200 ) 

CSX Corp.

      1,010        7,556,820        73        4/18/19        (358,550 ) 

Danaher Corp.

      405        5,346,810        135        5/17/19        (91,125 ) 

Ecolab, Inc.

      340        6,002,360        175        4/18/19        (115,600 ) 

Exact Sciences Corp.

      305        2,641,910        100        4/18/19        (7,625 ) 

Facebook, Inc., Class A

      540        9,001,260        185        4/18/19        (3,780 ) 

Fortune Brands Home & Security, Inc.

      940        4,475,340        50        5/17/19        (89,300 ) 

GoDaddy, Inc., Class A

      1,125        8,458,875        80        4/18/19        (30,937 ) 

Home Depot, Inc. (The)

      165        3,166,185        188        4/12/19        (86,625 ) 

IAC/InterActiveCorp.

      280        5,883,080        220        4/18/19        (46,200 ) 

Illumina, Inc.

      90        2,796,210        340        4/18/19        (6,525 ) 

Intuit, Inc.

      285        7,450,185        260        4/18/19        (162,450 ) 

 

4

 

 

                                                                                                                                                     
Description    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Intuitive Surgical, Inc.

      100      $ 5,705,800      $ 585        4/18/19      $ (68,000 ) 

iRhythm Technologies, Inc.

      115        862,040        105        4/18/19        (4,312 ) 

JPMorgan Chase & Co.

      640        6,478,720        108        4/5/19        (640 ) 

Lowe’s Cos., Inc.

      195        2,134,665        105        4/18/19        (99,450 ) 

Merck & Co., Inc.

      720        5,988,240        83        4/18/19        (115,200 ) 

Micron Technology, Inc.

      800        3,306,400        43        4/18/19        (61,200 ) 

Microsoft Corp.

      1,100        12,973,400        120        4/26/19        (200,750 ) 

Netflix, Inc.

      135        4,813,560        380        4/18/19        (104,625 ) 

NIKE, Inc., Class B

      805        6,778,905        88        5/17/19        (92,978 ) 

Novartis AG ADR

      295        2,836,130        93        4/18/19        (122,425 ) 

Palo Alto Networks, Inc.

      360        8,743,680        270        4/18/19        (7,920 ) 

PepsiCo, Inc.

      190        2,328,450        125        5/17/19        (31,065 ) 

QUALCOMM, Inc.

      1,085        6,187,755        57        5/3/19        (251,178 ) 

Raytheon Co.

      410        7,465,280        190        4/26/19        (40,795 ) 

SailPoint Technologies Holding, Inc.

      1,415        4,063,880        35        5/17/19        (45,988 ) 

salesforce.com, inc.

      875        13,857,375        165        5/17/19        (280,000 ) 

Sherwin-Williams Co. (The)

      85        3,661,035        450        4/18/19        (9,987 ) 

Spotify Technology SA

      135        1,873,800        155        4/18/19        (2,700 ) 

Starbucks Corp.

      565        4,200,210        73        4/18/19        (137,295 ) 

Texas Instruments, Inc.

      440        4,667,080        114        4/18/19        (4,400 ) 

TJX Cos., Inc. (The)

      1,055        5,613,655        53        4/18/19        (137,150 ) 

Twitter, Inc.

      1,175        3,863,400        38        4/26/19        (76,375 ) 

Ulta Beauty, Inc.

      120        4,184,760        360        5/17/19        (93,000 ) 

UnitedHealth Group, Inc.

      225        5,563,350        260        4/18/19        (36,563 ) 

Vertex Pharmaceuticals, Inc.

      385        7,082,075        200        4/18/19        (40,425 ) 

Visa, Inc., Class A

      1,470        22,959,930        150        4/18/19        (1,043,700 ) 

Walt Disney Co. (The)

      265        2,942,295        117        5/3/19        (26,235 ) 

Waste Connections, Inc.

      595        5,271,105        90        6/21/19        (130,900 ) 

Waste Management, Inc.

      560        5,818,960        105        5/17/19        (107,800 ) 
                 

 

 

  

Total

 

    $     (7,060,168 ) 
  

 

 

  

Abbreviations:

 

ADR

   -   American Depositary Receipt

At March 31, 2019, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes covered call options on individual stocks above the current value of the stock to generate premium income. In writing call options on individual stocks, the Fund in effect, sells potential appreciation in the value of the applicable stock above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying stock decline.

At March 31, 2019, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $7,060,168.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

•  

Level 1 — quoted prices in active markets for identical investments

 

5

 

 

•  

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•  

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At March 31, 2019, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  

Common Stocks

    $ 797,950,630 *     $ —      $     —      $ 797,950,630  

Short-Term Investments

      —        3,829,186        —        3,829,186  

Total Investments

    $     797,950,630      $     3,829,186      $ —      $     801,779,816  
Liability Description                                

Written Covered Call Options

    $ (7,060,168 )     $ —      $ —      $ (7,060,168 ) 

Total

    $ (7,060,168 )     $ —      $ —      $ (7,060,168 ) 

 

*

The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

6