NPORT-EX 2 EVEnhEqIncII.HTM HTML

Eaton Vance

Enhanced Equity Income Fund II

September 30, 2019

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.2%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 2.9%

 

Boeing Co. (The)

      43,797      $ 16,663,444  

Raytheon Co.

      33,862        6,643,386  
     

 

 

  
   $ 23,306,830  
     

 

 

  

Auto Components — 2.6%

 

Aptiv PLC

      233,289      $ 20,394,125  
     

 

 

  
   $ 20,394,125  
     

 

 

  

Banks — 3.4%

 

Bank of America Corp.

      398,984      $ 11,638,364  

JPMorgan Chase & Co.

      128,351        15,105,629  
     

 

 

  
   $ 26,743,993  
     

 

 

  

Beverages — 1.9%

 

Coca-Cola Co. (The)

      175,574      $ 9,558,248  

PepsiCo, Inc.

      38,207        5,238,180  
     

 

 

  
   $ 14,796,428  
     

 

 

  

Biotechnology — 3.4%

 

Argenx SE ADR(2)

      35,384      $ 4,032,361  

Bluebird Bio, Inc.(2)

      29,192        2,680,409  

Blueprint Medicines Corp.(2)

      50,364        3,700,243  

Portola Pharmaceuticals, Inc.(2)

      70,830        1,899,661  

Vertex Pharmaceuticals, Inc.(2)

      87,733        14,863,725  
     

 

 

  
   $ 27,176,399  
     

 

 

  

Building Products — 1.9%

 

Fortune Brands Home & Security, Inc.

      273,589      $ 14,965,318  
     

 

 

  
   $ 14,965,318  
     

 

 

  

Capital Markets — 1.1%

 

Charles Schwab Corp. (The)

      212,992      $ 8,909,455  
     

 

 

  
   $ 8,909,455  
     

 

 

  

Chemicals — 2.0%

 

Ecolab, Inc.

      33,047      $ 6,544,628  

LyondellBasell Industries NV, Class A

      60,497        5,412,667  

Sherwin-Williams Co. (The)

      6,867        3,775,957  
     

 

 

  
   $ 15,733,252  
     

 

 

  

Commercial Services & Supplies — 1.9%

 

Waste Connections, Inc.

      64,672      $ 5,949,824  

Waste Management, Inc.

      77,559        8,919,285  
     

 

 

  
   $ 14,869,109  
     

 

 

  

Communications Equipment — 1.3%

 

Arista Networks, Inc.(2)

      44,528      $ 10,638,630  
     

 

 

  
   $ 10,638,630  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Containers & Packaging — 0.6%

 

Avery Dennison Corp.

      42,111      $ 4,782,546  
     

 

 

  
   $ 4,782,546  
     

 

 

  

Electrical Equipment — 1.3%

 

AMETEK, Inc.

      116,228      $ 10,672,055  
     

 

 

  
   $ 10,672,055  
     

 

 

  

Electronic Equipment, Instruments & Components — 1.9%

 

Littelfuse, Inc.

      24,463      $ 4,337,535  

Zebra Technologies Corp., Class A(2)

      52,136        10,759,306  
     

 

 

  
   $ 15,096,841  
     

 

 

  

Energy Equipment & Services — 0.7%

 

Schlumberger, Ltd.

      165,795      $ 5,665,215  
     

 

 

  
   $ 5,665,215  
     

 

 

  

Entertainment — 2.8%

 

Netflix, Inc.(2)

      16,258      $ 4,350,966  

Spotify Technology SA(2)

      59,158        6,744,012  

Walt Disney Co. (The)

      88,082        11,478,846  
     

 

 

  
   $ 22,573,824  
     

 

 

  

Food & Staples Retailing — 0.7%

 

BJ’s Wholesale Club Holdings, Inc.(2)

      221,298      $ 5,724,979  
     

 

 

  
   $ 5,724,979  
     

 

 

  

Health Care Equipment & Supplies — 4.9%

 

Abbott Laboratories

      96,703      $ 8,091,140  

Boston Scientific Corp.(2)

      144,379        5,874,781  

Danaher Corp.

      81,195        11,726,994  

Intuitive Surgical, Inc.(2)

      24,534        13,246,643  
     

 

 

  
   $ 38,939,558  
     

 

 

  

Health Care Providers & Services — 1.0%

 

Anthem, Inc.

      32,668      $ 7,843,587  
     

 

 

  
   $ 7,843,587  
     

 

 

  

Hotels, Restaurants & Leisure — 0.6%

 

Wynn Resorts, Ltd.

      46,792      $ 5,087,226  
     

 

 

  
   $ 5,087,226  
     

 

 

  

Interactive Media & Services — 12.7%

 

Alphabet, Inc., Class C(2)

      54,439      $ 66,361,141  

Facebook, Inc., Class A(2)

      108,309        19,287,667  

IAC/InterActiveCorp.(2)

      36,727        8,005,384  

Twitter, Inc.(2)

      173,450        7,146,140  
     

 

 

  
   $ 100,800,332  
     

 

 

  

Internet & Direct Marketing Retail — 8.4%

 

Amazon.com, Inc.(2)

      35,783      $ 62,116,068  

Booking Holdings, Inc.(2)

      2,281        4,476,713  
     

 

 

  
   $ 66,592,781  
     

 

 

  

IT Services — 10.3%

 

GoDaddy, Inc., Class A(2)

      242,368      $ 15,991,441  

PayPal Holdings, Inc.(2)

      113,199        11,726,284  

Visa, Inc., Class A

      316,198        54,389,218  
     

 

 

  
   $ 82,106,943  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Life Sciences Tools & Services — 0.7%

 

10X Genomics, Inc., Class A(2)

      2,849      $ 143,590  

Illumina, Inc.(2)

      18,648        5,673,094  
     

 

 

  
   $ 5,816,684  
     

 

 

  

Media — 0.7%

 

Fox Corp., Class A

      181,516      $ 5,724,107  
     

 

 

  
   $ 5,724,107  
     

 

 

  

Pharmaceuticals — 2.7%

 

AstraZeneca PLC ADR

      185,413      $ 8,263,857  

Merck & Co., Inc.

      159,792        13,451,291  
     

 

 

  
   $ 21,715,148  
     

 

 

  

Road & Rail — 1.0%

 

CSX Corp.

      120,678      $ 8,359,365  
     

 

 

  
   $ 8,359,365  
     

 

 

  

Semiconductors & Semiconductor Equipment — 5.1%

 

Micron Technology, Inc.(2)

      172,042      $ 7,372,000  

QUALCOMM, Inc.

      273,833        20,887,981  

Texas Instruments, Inc.

      95,509        12,343,583  
     

 

 

  
   $ 40,603,564  
     

 

 

  

Software — 14.7%

 

Adobe, Inc.(2)

      83,269      $ 23,003,061  

Intuit, Inc.

      61,263        16,292,282  

Microsoft Corp.

      237,029        32,954,142  

Palo Alto Networks, Inc.(2)

      30,893        6,296,920  

SailPoint Technologies Holding, Inc.(2)

      359,473        6,718,550  

salesforce.com, inc.(2)

      188,042        27,912,955  

Zscaler, Inc.(2)

      82,711        3,908,922  
     

 

 

  
   $ 117,086,832  
     

 

 

  

Specialty Retail — 3.0%

 

Lowe’s Cos., Inc.

      140,772      $ 15,479,289  

TJX Cos., Inc. (The)

      153,981        8,582,901  
     

 

 

  
   $ 24,062,190  
     

 

 

  

Technology Hardware, Storage & Peripherals — 2.3%

 

Apple, Inc.

      82,065      $ 18,380,098  
     

 

 

  
   $ 18,380,098  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.7%

 

NIKE, Inc., Class B

      140,843      $ 13,227,975  
     

 

 

  
   $ 13,227,975  
     

 

 

  

Total Common Stocks — 100.2%
(identified cost $496,380,381)

 

    $ 798,395,389  
     

 

 

  

 

3

 

 

                                                 

Short-Term Investments — 0.7%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.09%(3)

      5,589,256      $ 5,588,697  
     

 

 

  

Total Short-Term Investments
(identified cost $5,588,534)

 

    $ 5,588,697  
     

 

 

  

Total Investments — 100.9%
(identified cost $501,968,915)

 

    $ 803,984,086  
     

 

 

  

Total Written Covered Call Options — (0.4)%
(premiums received $5,824,923)

 

    $ (3,538,843 ) 
     

 

 

  

Other Assets, Less Liabilities — (0.5)%

 

    $ (4,090,171 ) 
     

 

 

  

Net Assets — 100.0%

 

    $ 796,355,072  
     

 

 

  

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 September 30, 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 September 30, 2019.

Written Covered Call Options — (0.4)%

Exchange-Traded Options — (0.4)%

 

                                                                                                                            
Description    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Abbott Laboratories

      480      $ 4,016,160      $ 88        11/15/19      $ (46,320 ) 

Adobe, Inc.

      415            11,464,375        295        11/15/19            (199,200 ) 

Alphabet, Inc., Class C

      270        32,913,000            1,265        10/18/19        (128,250 ) 

Amazon.com, Inc.

      175        30,378,425        1,900        10/18/19        (21,350 ) 

AMETEK, Inc.

      580        5,325,560        95        12/20/19        (146,450 ) 

Anthem, Inc.

      30        720,300        300        10/18/19        (75 ) 

Apple, Inc.

      410        9,182,770        230        10/25/19        (118,695 ) 

Aptiv PLC

      1,165        10,184,430        98        11/15/19        (116,500 ) 

Arista Networks, Inc.

      220        5,256,240        270        11/15/19        (90,200 ) 

AstraZeneca PLC ADR

      925        4,122,725        45        10/18/19        (62,438 ) 

Avery Dennison Corp.

      210        2,384,970        120        10/18/19        (8,400 ) 

Bank of America Corp.

      1,990        5,804,830        31        11/15/19        (71,640 ) 

BJ’s Wholesale Club Holdings, Inc.

      1,105        2,858,635        30        11/15/19        (19,337 ) 

Boeing Co. (The)

      215        8,180,105        385        10/18/19        (137,063 ) 

Booking Holdings, Inc.

      10        1,962,610        2,200        11/15/19        (10,600 ) 

Boston Scientific Corp.

      720        2,929,680        45        10/18/19        (2,520 ) 

Charles Schwab Corp. (The)

      1,060        4,433,980        45        10/18/19        (18,550 ) 

Coca-Cola Co. (The)

      875        4,763,500        55        10/18/19        (66,500 ) 

CSX Corp.

      600        4,156,200        70        10/18/19        (110,100 ) 

Danaher Corp.

      405        5,849,415        160        12/20/19        (46,575 ) 

 

4

 

 

                                                                                                                            
Description    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Ecolab, Inc.

      165      $ 3,267,660      $ 210        10/18/19      $ (7,012 ) 

Facebook, Inc., Class A

      540        9,616,320        200        10/18/19        (5,940 ) 

Fortune Brands Home & Security, Inc.

      1,365        7,466,550        58        12/20/19        (211,575 ) 

GoDaddy, Inc., Class A

      1,210        7,983,580        70        10/18/19        (45,375 ) 

IAC/InterActiveCorp.

      180            3,923,460            250        10/18/19        (4,500 ) 

Illumina, Inc.

      90        2,737,980        320        10/18/19        (27,450 ) 

Intuit, Inc.

      305        8,111,170        285        11/1/19        (50,325 ) 

Intuitive Surgical, Inc.

      120        6,479,160        535        10/18/19        (230,400 ) 

JPMorgan Chase & Co.

      640        7,532,160        115        10/18/19        (217,600 ) 

Littelfuse, Inc.

      120        2,127,720        200        11/15/19        (24,000 ) 

Lowe’s Cos., Inc.

      700        7,697,200        115        10/18/19        (28,350 ) 

LyondellBasell Industries NV, Class A

      300        2,684,100        90        10/18/19        (63,000 ) 

Merck & Co., Inc.

      795        6,692,310        88        10/25/19        (37,763 ) 

Micron Technology, Inc.

      860        3,685,100        52        10/11/19        (1,720 ) 

Microsoft Corp.

      1,185        16,475,055        140        10/18/19        (258,330 ) 

NIKE, Inc., Class B

      700        6,574,400        95        11/15/19        (170,450 ) 

Palo Alto Networks, Inc.

      150        3,057,450        230        10/18/19        (2,100 ) 

PayPal Holdings, Inc.

      565        5,852,835        115        10/18/19        (8,192 ) 

PepsiCo, Inc.

      190        2,604,900        140        11/1/19        (32,585 ) 

QUALCOMM, Inc.

      1,365        10,412,220        80        10/18/19        (88,043 ) 

Raytheon Co.

      165        3,237,135        200        10/18/19        (37,868 ) 

salesforce.com, inc.

      940        13,953,360        170        10/18/19        (7,520 ) 

Schlumberger, Ltd.

      825        2,819,025        38        11/1/19        (28,462 ) 

Sherwin-Williams Co. (The)

      30        1,649,610        550        10/18/19        (33,750 ) 

Texas Instruments, Inc.

      475        6,138,900        130        10/18/19        (113,288 ) 

TJX Cos., Inc. (The)

      765        4,264,110        60        1/17/20        (89,888 ) 

Twitter, Inc.

      865        3,563,800        49        10/18/19        (1,730 ) 

Vertex Pharmaceuticals, Inc.

      435        7,369,770        195        10/18/19        (3,262 ) 

Visa, Inc., Class A

      1,580        27,177,580        185        11/15/19        (184,860 ) 

Walt Disney Co. (The)

      440        5,734,080        140        10/18/19        (5,060 ) 

Waste Connections, Inc.

      320        2,944,000        95        12/20/19        (59,200 ) 

Waste Management, Inc.

      385        4,427,500        125        10/18/19        (962 ) 

Wynn Resorts, Ltd.

      230        2,500,560        125        10/18/19        (4,370 ) 

Zebra Technologies Corp., Class A

      260        5,365,620        220        10/18/19        (33,150 ) 
              

 

 

  

Total

                $     (3,538,843 ) 
              

 

 

  

Abbreviations:

 

ADR

   -   American Depositary Receipt

At September 30, 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 September 30, 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 $3,538,843.

 

5

 

 

At September 30, 2019, the value of the Fund’s investment in affiliated funds was $5,588,697, which represents 0.7% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended September 30, 2019 were as follows:

 

                                                                                                                                                                                                       

Name of

affiliated fund

   Value,
beginning of
period		     Purchases     Sales
proceeds		     Net
realized
gain (loss)		     Change in
unrealized
appreciation
(depreciation)		     Value, end
of period		     Dividend
income		     Units, end
of period		  

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC, 2.09%

   $     13,922,043     $     98,635,682     $     (106,971,113 )    $     2,283     $     (198 )    $     5,588,697     $     13,763       5,589,256  

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

 

•  

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 September 30, 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

    $ 798,395,389 *     $ —      $ —      $ 798,395,389  

Short-Term Investments

      —        5,588,697        —        5,588,697  

Total Investments

    $     798,395,389      $     5,588,697      $     —      $     803,984,086  
Liability Description                                

Written Covered Call Options

    $ (3,538,843 )     $ —      $ —      $ (3,538,843 ) 

Total

    $ (3,538,843 )     $ —      $ —      $ (3,538,843 ) 

 

*

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