NPORT-EX 2 NPORT_248468420423194.htm HTML

Eaton Vance

Enhanced Equity Income Fund II

September 30, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 101.2%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.2%

 

Hexcel Corp.

      211,902      $ 7,109,312  

Raytheon Technologies Corp.

      79,060        4,549,112  
     

 

 

  
      $ 11,658,424  
     

 

 

  

Auto Components — 0.7%

      

Aptiv PLC

      69,823      $ 6,401,373  
     

 

 

  
      $ 6,401,373  
     

 

 

  

Banks — 1.8%

      

Bank of America Corp.

      398,984      $ 9,611,525  

JPMorgan Chase & Co.

      80,853        7,783,718  
     

 

 

  
      $ 17,395,243  
     

 

 

  

Beverages — 1.4%

      

Constellation Brands, Inc., Class A

      37,445      $ 7,096,202  

PepsiCo, Inc.

      40,858        5,662,919  
     

 

 

  
      $ 12,759,121  
     

 

 

  

Biotechnology — 4.7%

      

AbbVie, Inc.

      117,638      $ 10,303,912  

Amgen, Inc.

      49,947        12,694,530  

Argenx SE ADR(2)

      36,075        9,470,409  

Immunovant, Inc.(2)

      102,760        3,616,124  

Vertex Pharmaceuticals, Inc.(2)

      31,029        8,443,612  
     

 

 

  
      $ 44,528,587  
     

 

 

  

Building Products — 0.5%

      

Trane Technologies PLC

      38,268      $ 4,639,995  
     

 

 

  
      $ 4,639,995  
     

 

 

  

Capital Markets — 0.9%

      

Charles Schwab Corp. (The)

      244,964      $ 8,875,046  
     

 

 

  
      $ 8,875,046  
     

 

 

  

Commercial Services & Supplies — 0.6%

      

Waste Connections, Inc.

      56,798      $ 5,895,632  
     

 

 

  
      $ 5,895,632  
     

 

 

  

Containers & Packaging — 0.6%

      

Avery Dennison Corp.

      42,111      $ 5,383,470  
     

 

 

  
      $ 5,383,470  
     

 

 

  

Electrical Equipment — 1.2%

 

AMETEK, Inc.

      116,228      $ 11,553,063  
     

 

 

  
      $ 11,553,063  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Electronic Equipment, Instruments & Components — 1.5%

      

Zebra Technologies Corp., Class A(2)

      54,143      $ 13,668,942  
     

 

 

  
      $ 13,668,942  
     

 

 

  

Entertainment — 2.8%

      

Netflix, Inc.(2)

      35,306      $ 17,654,059  

Walt Disney Co. (The)

      69,249        8,592,416  
     

 

 

  
      $ 26,246,475  
     

 

 

  

Food & Staples Retailing — 0.9%

      

Sysco Corp.

      132,347      $ 8,234,630  
     

 

 

  
      $ 8,234,630  
     

 

 

  

Food Products — 1.1%

      

Mondelez International, Inc., Class A

      172,656      $ 9,919,087  
     

 

 

  
      $ 9,919,087  
     

 

 

  

Health Care Equipment & Supplies — 5.2%

      

Abbott Laboratories

      75,401      $ 8,205,891  

Boston Scientific Corp.(2)

      314,860        12,030,800  

Haemonetics Corp.(2)

      105,867        9,236,896  

Intuitive Surgical, Inc.(2)

      19,492        13,830,354  

Tandem Diabetes Care, Inc.(2)

      53,892        6,116,742  
     

 

 

  
      $ 49,420,683  
     

 

 

  

Health Care Providers & Services — 3.2%

      

Centene Corp.(2)

      154,501      $ 9,012,043  

UnitedHealth Group, Inc.

      69,350        21,621,250  
     

 

 

  
      $ 30,633,293  
     

 

 

  

Hotels, Restaurants & Leisure — 1.5%

      

Starbucks Corp.

      161,872      $ 13,908,042  
     

 

 

  
      $ 13,908,042  
     

 

 

  

Interactive Media & Services — 10.6%

      

Alphabet, Inc., Class C(2)

      39,393      $ 57,891,953  

Facebook, Inc., Class A(2)

      134,482        35,220,836  

Twitter, Inc.(2)

      150,553        6,699,608  
     

 

 

  
      $ 99,812,397  
     

 

 

  

Internet & Direct Marketing Retail — 10.0%

      

Amazon.com, Inc.(2)

      29,938      $ 94,266,679  
     

 

 

  
      $ 94,266,679  
     

 

 

  

IT Services — 9.4%

 

GoDaddy, Inc., Class A(2)

      80,223      $ 6,094,541  

PayPal Holdings, Inc.(2)

      175,345        34,548,226  

Visa, Inc., Class A

      240,797        48,152,176  
     

 

 

  
      $ 88,794,943  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Life Sciences Tools & Services — 1.6%

      

10X Genomics, Inc., Class A(2)

      72,388      $ 9,025,336  

Illumina, Inc.(2)

      18,648        5,763,724  
     

 

 

  
      $ 14,789,060  
     

 

 

  

Pharmaceuticals — 2.1%

      

Eli Lilly & Co.

      39,740      $ 5,882,315  

Ipsen S.A.

      57,925        6,055,123  

Merck & Co., Inc.

      90,383        7,497,270  
     

 

 

  
      $ 19,434,708  
     

 

 

  

Road & Rail — 1.7%

      

CSX Corp.

      74,570      $ 5,791,852  

Uber Technologies, Inc.(2)

      177,964        6,492,126  

Union Pacific Corp.

      19,608        3,860,227  
     

 

 

  
      $ 16,144,205  
     

 

 

  

Semiconductors & Semiconductor Equipment — 6.7%

      

Micron Technology, Inc.(2)

      326,667      $ 15,340,282  

NVIDIA Corp.

      7,399        4,004,487  

QUALCOMM, Inc.

      254,982        30,006,282  

Texas Instruments, Inc.

      95,509        13,637,730  
     

 

 

  
      $ 62,988,781  
     

 

 

  

Software — 19.3%

      

Adobe, Inc.(2)

      80,958      $ 39,704,232  

Intuit, Inc.

      56,776        18,520,899  

Microsoft Corp.

      282,606        59,440,520  

Palantir Technologies, Inc., Class A(2)

      472,600        4,873,546  

SailPoint Technologies Holdings, Inc.(2)

      209,959        8,308,078  

salesforce.com, inc.(2)

      138,504        34,808,825  

Zscaler, Inc.(2)

      118,811        16,715,519  
     

 

 

  
      $ 182,371,619  
     

 

 

  

Specialty Retail — 3.3%

      

AutoZone, Inc.(2)

      4,353      $ 5,126,267  

Lowe’s Cos., Inc.

      95,969        15,917,418  

TJX Cos., Inc. (The)

      185,707        10,334,595  
     

 

 

  
      $ 31,378,280  
     

 

 

  

Technology Hardware, Storage & Peripherals — 5.0%

      

Apple, Inc.

      409,912      $ 47,471,909  
     

 

 

  
      $ 47,471,909  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.7%

 

NIKE, Inc., Class B

      130,708      $ 16,409,082  
     

 

 

  
      $ 16,409,082  
     

 

 

  

Total Common Stocks
(identified cost $483,525,491)

       $ 954,982,769  
     

 

 

  

 

3

 

 

                                                 

Short-Term Investments — 0.1%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.15%(3)

      1,306,981      $ 1,306,981  
     

 

 

  

Total Short-Term Investments
(identified cost $1,306,981)

       $ 1,306,981  
     

 

 

  

Total Investments — 101.3%
(identified cost $484,832,472)

       $ 956,289,750  
     

 

 

  

Total Written Covered Call Options — (0.7)%
(premiums received $14,677,020)

       $ (7,018,595 ) 
     

 

 

  

Other Assets, Less Liabilities — (0.6)%

       $ (5,743,492 ) 
     

 

 

  

Net Assets — 100.0%

       $ 943,527,663  
     

 

 

  

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, 2020 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, 2020.

Written Covered Call Options — (0.7)%

Exchange-Traded Options — (0.7)%

 

                                                                                                                                                     

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

10X Genomics, Inc., Class A

      360      $ 4,488,480      $ 110        10/16/20      $ (549,000 ) 

Abbott Laboratories

      375        4,081,125        115        10/16/20        (18,187 ) 

AbbVie, Inc.

      585        5,124,015        95        11/20/20        (59,963 ) 

Adobe, Inc.

      400        19,617,200        505        10/30/20        (587,000 ) 

Alphabet, Inc., Class C

      195        28,657,200        1,550        10/30/20        (541,125 ) 

Amazon.com, Inc.

      145        45,656,585        3,600        10/16/20        (113,100 ) 

AMETEK, Inc.

      580        5,765,200        110        11/20/20        (76,850 ) 

Amgen, Inc.

      245        6,226,920        265        10/16/20        (52,797 ) 

Apple, Inc.

      2,050        23,741,050        140        10/16/20        (23,575 ) 

Aptiv PLC

      345        3,162,960        93        10/16/20        (107,813 ) 

Argenx SE ADR

      180        4,725,360        270        10/16/20        (107,100 ) 

AutoZone, Inc.

      20        2,355,280        1,250        10/23/20        (16,700 ) 

Avery Dennison Corp.

      210        2,684,640        145        12/18/20        (49,350 ) 

Bank of America Corp.

      1,990        4,793,910        27        10/23/20        (26,865 ) 

Boston Scientific Corp.

      1,570        5,998,970        41        10/16/20        (18,840 ) 

Centene Corp.

      770        4,491,410        68        10/16/20        (8,085 ) 

Charles Schwab Corp. (The)

      1,220        4,420,060        39        10/16/20        (32,330 ) 

 

4

 

 

                                                                                                                                                     

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Constellation Brands, Inc., Class A

      185      $ 3,505,935      $ 190        10/2/20      $ (72,150 ) 

CSX Corp.

      370        2,873,790        78        10/16/20        (65,120 ) 

Eli Lilly & Co.

      195        2,886,390        160        10/16/20        (5,850 ) 

Facebook, Inc., Class A

      685        17,940,150        275        10/16/20        (199,335 ) 

GoDaddy, Inc., Class A

      400        3,038,800        90        10/16/20        (5,000 ) 

Haemonetics Corp.

      525        4,580,625        100        10/16/20        (9,187 ) 

Illumina, Inc.

      90        2,781,720        380        10/16/20        (3,375 ) 

Intuit, Inc.

      280        9,133,880        330        10/16/20        (183,400 ) 

Intuitive Surgical, Inc.

      95        6,740,630        730        10/23/20        (185,250 ) 

JPMorgan Chase & Co.

      400        3,850,800        110        10/16/20        (6,600 ) 

Lowe’s Cos., Inc.

      510        8,458,860        165        10/16/20        (237,150 ) 

Merck & Co., Inc.

      450        3,732,750        88        10/16/20        (6,750 ) 

Micron Technology, Inc.

      1,630        7,654,480        55        10/16/20        (15,485 ) 

Microsoft Corp.

      1,410        29,656,530        230        10/16/20        (59,925 ) 

Mondelez International, Inc., Class A

      860        4,940,700        58        10/2/20        (31,390 ) 

Netflix, Inc.

      175        8,750,525        550        11/20/20        (379,313 ) 

NIKE, Inc., Class B

      650        8,160,100        130        11/20/20        (269,750 ) 

NVIDIA Corp.

      35        1,894,270        580        10/30/20        (53,900 ) 

PayPal Holdings, Inc.

      965        19,013,395        210        10/16/20        (176,113 ) 

PepsiCo, Inc.

      200        2,772,000        137        10/30/20        (93,500 ) 

QUALCOMM, Inc.

      1,055        12,415,240        115        10/16/20        (548,600 ) 

Raytheon Technologies Corp.

      395        2,272,830        65        10/16/20        (5,727 ) 

SailPoint Technologies Holdings, Inc.

      1,045        4,135,065        40        10/16/20        (151,525 ) 

salesforce.com, inc.

      690        17,341,080        290        11/20/20        (386,400 ) 

Starbucks Corp.

      805        6,916,560        85        10/16/20        (202,860 ) 

Sysco Corp.

      520        3,235,440        70        10/30/20        (44,200 ) 

Tandem Diabetes Care, Inc.

      265        3,007,750        120        10/16/20        (83,475 ) 

Texas Instruments, Inc.

      475        6,782,525        145        10/16/20        (111,863 ) 

TJX Cos., Inc. (The)

      925        5,147,625        58        10/16/20        (85,563 ) 

Trane Technologies PLC

      190        2,303,750        135        11/20/20        (39,900 ) 

Twitter, Inc.

      750        3,337,500        43        10/16/20        (191,625 ) 

Uber Technologies, Inc.

      885        3,228,480        36        10/16/20        (141,600 ) 

Union Pacific Corp.

      95        1,870,265        200        10/16/20        (28,310 ) 

UnitedHealth Group, Inc.

      345        10,756,065        320        10/23/20        (198,375 ) 

Vertex Pharmaceuticals, Inc.

      155        4,217,860        290        10/16/20        (22,862 ) 

Visa, Inc., Class A

      1,200        23,996,400        215        10/16/20        (43,200 ) 

Walt Disney Co. (The)

      345        4,280,760        135        10/16/20        (9,487 ) 

Waste Connections, Inc.

      280        2,906,400        105        11/20/20        (102,200 ) 

Zebra Technologies Corp., Class A

      270        6,816,420        300        10/16/20        (12,825 ) 

Zscaler, Inc.

      590        8,300,710        150        10/16/20        (160,775 ) 
                 

 

 

  

Total

 

    $     (7,018,595 ) 
                 

 

 

  

 

Abbreviations:

 

ADR

   -   American Depositary Receipt

At September 30, 2020, 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.

 

5

 

 

At September 30, 2020, the value of the Fund’s investment in affiliated funds was $1,306,981, which represents 0.1% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended September 30, 2020 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

   $     6,620,637     $     110,177,834     $     (115,494,452 )    $     3,566     $     (604 )    $     1,306,981     $     33,794       1,306,981  

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, 2020, 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

 

Communication Services

    $ 126,058,872      $ —      $ —      $ 126,058,872  

Consumer Discretionary

      162,363,456        —        —        162,363,456  

Consumer Staples

      30,912,838        —        —        30,912,838  

Financials

      26,270,289        —        —        26,270,289  

Health Care

      152,751,208        6,055,123        —        158,806,331  

Industrials

      49,891,319        —        —        49,891,319  

Information Technology

      395,296,194        —        —        395,296,194  

Materials

      5,383,470        —        —        5,383,470  

Total Common Stocks

    $     948,927,646      $     6,055,123 *     $ —      $     954,982,769  

Short-Term Investments

    $ —      $ 1,306,981      $ —      $ 1,306,981  

Total Investments

    $     948,927,646      $     7,362,104      $ —      $     956,289,750  
Liability Description                  

Written Covered Call Options

    $ (7,018,595 )     $ —      $ —      $ (7,018,595 ) 

Total

    $ (7,018,595 )     $ —      $ —      $ (7,018,595 ) 

 

*

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

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