NPORT-EX 2 NPORT_FH9C_2667217448.htm html

Eaton Vance

Enhanced Equity Income Fund II

March 31, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.2%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.3%

 

Hexcel Corp.

      147,137      $ 8,239,672  

Raytheon Technologies Corp.

      79,715        6,159,578  
     

 

 

  
   $ 14,399,250  
     

 

 

  

Auto Components — 0.9%

 

Aptiv PLC

      69,279      $ 9,553,574  
     

 

 

  
   $ 9,553,574  
     

 

 

  

Automobiles — 1.3%

 

Tesla, Inc.(2)

      21,122      $ 14,108,017  
     

 

 

  
   $ 14,108,017  
     

 

 

  

Banks — 1.1%

 

JPMorgan Chase & Co.

      80,224      $ 12,212,500  
     

 

 

  
   $ 12,212,500  
     

 

 

  

Beverages — 2.0%

 

Coca-Cola Co. (The)

      214,109      $ 11,285,685  

Constellation Brands, Inc., Class A

      42,223        9,626,844  
     

 

 

  
   $ 20,912,529  
     

 

 

  

Biotechnology — 3.5%

 

AbbVie, Inc.

      209,295      $ 22,649,905  

Argenx SE ADR(2)

      23,328        6,424,298  

Vertex Pharmaceuticals, Inc.(2)

      36,676        7,881,306  
     

 

 

  
   $ 36,955,509  
     

 

 

  

Building Products — 0.9%

 

Trane Technologies PLC

      56,633      $ 9,376,160  
     

 

 

  
   $ 9,376,160  
     

 

 

  

Capital Markets — 3.1%

 

Charles Schwab Corp. (The)

      243,056      $ 15,842,390  

Goldman Sachs Group, Inc. (The)

      52,988        17,327,076  
     

 

 

  
   $ 33,169,466  
     

 

 

  

Commercial Services & Supplies — 0.6%

 

Waste Connections, Inc.

      59,343      $ 6,407,857  
     

 

 

  
   $ 6,407,857  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Electrical Equipment — 1.4%

 

AMETEK, Inc.

      116,228      $ 14,845,802  
     

 

 

  
   $ 14,845,802  
     

 

 

  

Electronic Equipment, Instruments & Components — 2.3%

 

Zebra Technologies Corp., Class A(2)

      51,437      $ 24,956,204  
     

 

 

  
   $ 24,956,204  
     

 

 

  

Entertainment — 2.7%

 

Netflix, Inc.(2)

      32,064      $ 16,726,506  

Walt Disney Co. (The)(2)

      68,709        12,678,185  
     

 

 

  
   $ 29,404,691  
     

 

 

  

Food & Staples Retailing — 1.1%

 

Sysco Corp.

      150,615      $ 11,859,425  
     

 

 

  
   $ 11,859,425  
     

 

 

  

Food Products — 1.5%

 

Lamb Weston Holdings, Inc.

      82,560      $ 6,396,749  

Mondelez International, Inc., Class A

      171,311        10,026,833  
     

 

 

  
   $ 16,423,582  
     

 

 

  

Health Care Equipment & Supplies — 4.5%

 

Abbott Laboratories

      74,813      $ 8,965,590  

Boston Scientific Corp.(2)

      143,940        5,563,281  

Haemonetics Corp.(2)

      105,867        11,752,296  

Inari Medical, Inc.(2)

      30,855        3,301,485  

Intuitive Surgical, Inc.(2)

      19,340        14,291,099  

Tandem Diabetes Care, Inc.(2)

      53,892        4,755,969  
     

 

 

  
   $ 48,629,720  
     

 

 

  

Health Care Providers & Services — 2.6%

 

UnitedHealth Group, Inc.

      76,115      $ 28,320,108  
     

 

 

  
   $ 28,320,108  
     

 

 

  

Health Care Technology — 0.4%

 

Veeva Systems, Inc., Class A(2)

      16,742      $ 4,373,680  
     

 

 

  
   $ 4,373,680  
     

 

 

  

Hotels, Restaurants & Leisure — 1.6%

 

Starbucks Corp.

      160,611      $ 17,549,964  
     

 

 

  
   $ 17,549,964  
     

 

 

  

Interactive Media & Services — 10.3%

 

Alphabet, Inc., Class C(2)

      32,153      $ 66,512,661  

Facebook, Inc., Class A(2)

      117,108        34,491,819  

Twitter, Inc.(2)

      149,381        9,505,113  
     

 

 

  
   $ 110,509,593  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Internet & Direct Marketing Retail — 8.6%

 

Amazon.com, Inc.(2)

      29,704      $ 91,906,552  
     

 

 

  
   $ 91,906,552  
     

 

 

  

IT Services — 9.2%

 

GoDaddy, Inc., Class A(2)

      79,599      $ 6,178,475  

PayPal Holdings, Inc.(2)

      173,979        42,249,060  

Visa, Inc., Class A

      238,921        50,586,743  
     

 

 

  
   $ 99,014,278  
     

 

 

  

Life Sciences Tools & Services — 2.3%

 

10X Genomics, Inc., Class A(2)

      60,825      $ 11,009,325  

Illumina, Inc.(2)

      16,561        6,360,418  

Thermo Fisher Scientific, Inc.

      15,588        7,114,051  
     

 

 

  
   $ 24,483,794  
     

 

 

  

Metals & Mining — 0.5%

 

BHP Group, Ltd. ADR

      68,776      $ 4,772,367  
     

 

 

  
   $ 4,772,367  
     

 

 

  

Pharmaceuticals — 1.0%

 

Eli Lilly & Co.

      54,694      $ 10,217,933  
     

 

 

  
   $ 10,217,933  
     

 

 

  

Road & Rail — 1.8%

 

CSX Corp.

      104,588      $ 10,084,375  

Uber Technologies, Inc.(2)

      176,578        9,625,267  
     

 

 

  
   $ 19,709,642  
     

 

 

  

Semiconductors & Semiconductor Equipment — 7.5%

 

Intel Corp.

      124,774      $ 7,985,536  

Micron Technology, Inc.(2)

      293,859        25,921,302  

QUALCOMM, Inc.

      188,600        25,006,474  

Texas Instruments, Inc.

      115,404        21,810,202  
     

 

 

  
   $ 80,723,514  
     

 

 

  

Software — 16.9%

 

Adobe, Inc.(2)

      80,327      $ 38,185,046  

Intuit, Inc.

      56,776        21,748,614  

Microsoft Corp.

      280,404        66,110,851  

Palantir Technologies, Inc., Class A(2)

      411,802        9,590,869  

SailPoint Technologies Holdings, Inc.(2)

      178,831        9,056,002  

salesforce.com, inc.(2)

      88,040        18,653,035  

Zscaler, Inc.(2)

      104,088        17,868,787  
     

 

 

  
   $ 181,213,204  
     

 

 

  

 

3

 

 

                                                 
Security    Shares      Value  

Specialty Retail — 3.1%

 

Home Depot, Inc. (The)

      46,129      $ 14,080,877  

TJX Cos., Inc. (The)

      185,707        12,284,518  

Tractor Supply Co.

      37,375        6,618,365  
     

 

 

  
   $ 32,983,760  
     

 

 

  

Technology Hardware, Storage & Peripherals — 4.6%

 

Apple, Inc.

      406,717      $ 49,680,482  
     

 

 

  
   $ 49,680,482  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.6%

 

NIKE, Inc., Class B

      129,689      $ 17,234,371  
     

 

 

  
   $ 17,234,371  
     

 

 

  

Total Common Stocks
(identified cost $493,621,423)

 

    $ 1,075,907,528  
     

 

 

  

Short-Term Investments — 0.4%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.10%(3)

      3,466,860      $ 3,466,860  
     

 

 

  

Total Short-Term Investments
(identified cost $3,466,860)

       $ 3,466,860  
     

 

 

  

Total Investments — 100.6%
(identified cost $497,088,283)

       $ 1,079,374,388  
     

 

 

  

Total Written Covered Call Options — (0.5)%
(premiums received $10,543,739)

       $ (4,851,235 ) 
     

 

 

  

Other Assets, Less Liabilities — (0.1)%

       $ (970,923 ) 
     

 

 

  

Net Assets — 100.0%

       $ 1,073,552,230  
     

 

 

  

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, 2021 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, 2021.

 

4

 

 

Written Covered Call Options — (0.5)%

Exchange-Traded Options — (0.5)%

 

                                                                                                                            
Description   

Number of

Contracts

     

Notional

Amount

     

Exercise

Price

     

Expiration

Date

      Value  

10X Genomics, Inc., Class A

      300      $ 5,430,000      $ 230        4/16/21      $ (52,500 ) 

Abbott Laboratories

      370        4,434,080        130        5/21/21        (33,670 ) 

AbbVie, Inc.

      1,045        11,308,990        115        4/16/21        (16,197 ) 

Adobe, Inc.

      400        19,014,800        510        5/21/21        (299,000 ) 

Alphabet, Inc., Class C

      160        33,098,080        2,200        4/23/21        (151,200 ) 

Amazon.com, Inc.

      145        44,864,160        3,400        5/21/21        (485,750 ) 

AMETEK, Inc.

      580        7,408,340        130        4/16/21        (75,400 ) 

Apple, Inc.

      2,030        24,796,450        135        4/16/21        (26,390 ) 

Aptiv PLC

      345        4,757,550        160        5/21/21        (56,925 ) 

BHP Group, Ltd. ADR

      340        2,359,260        83        4/16/21        (1,700 ) 

Boston Scientific Corp.

      715        2,763,475        41        4/16/21        (7,507 ) 

Charles Schwab Corp. (The)

      1,215        7,919,370        70        5/21/21        (153,698 ) 

Coca-Cola Co. (The)

      1,070        5,639,970        53        4/16/21        (93,625 ) 

Constellation Brands, Inc., Class A

      210        4,788,000        245        4/16/21        (21,525 ) 

CSX Corp.

      520        5,013,840        100        4/16/21        (32,240 ) 

Eli Lilly & Co.

      270        5,044,140        210        4/16/21        (4,995 ) 

Facebook, Inc., Class A

      585        17,230,005        325        5/21/21        (315,900 ) 

GoDaddy, Inc., Class A

      395        3,065,990        80        4/16/21        (47,400 ) 

Goldman Sachs Group, Inc. (The)

      260        8,502,000        370        5/21/21        (70,460 ) 

Hexcel Corp.

      735        4,116,000        60        4/16/21        (38,588 ) 

Home Depot, Inc. (The)

      230        7,020,750        300        5/21/21        (303,025 ) 

Illumina, Inc.

      80        3,072,480        550        4/1/21        (10,400 ) 

Intel Corp.

      620        3,968,000        70        5/21/21        (67,580 ) 

Intuit, Inc.

      280        10,725,680        440        4/16/21        (11,200 ) 

Intuitive Surgical, Inc.

      95        7,019,930        820        4/16/21        (21,375 ) 

JPMorgan Chase & Co.

      400        6,089,200        155        4/16/21        (94,400 ) 

Lamb Weston Holdings, Inc.

      410        3,176,680        90        4/16/21        (5,125 ) 

Micron Technology, Inc.

      1,465        12,922,765        105        5/21/21        (170,673 ) 

Microsoft Corp.

      1,400        33,007,800        250        5/21/21        (493,500 ) 

Mondelez International, Inc., Class A

      855        5,004,315        63        6/18/21        (49,590 ) 

Netflix, Inc.

      160        8,346,560        625        4/16/21        (3,760 ) 

NIKE, Inc., Class B

      650        8,637,850        155        6/18/21        (57,850 ) 

Palantir Technologies, Inc., Class A

      2,055        4,786,095        30        5/7/21        (84,255 ) 

PayPal Holdings, Inc.

      865        21,005,660        290        4/16/21        (20,327 ) 

QUALCOMM, Inc.

      940        12,463,460        160        4/16/21        (6,110 ) 

Raytheon Technologies Corp.

      395        3,052,165        80        4/16/21        (25,083 ) 

SailPoint Technologies Holdings, Inc.

      705        3,570,120        65        4/16/21        (7,050 ) 

salesforce.com, inc.

      440        9,322,280        240        4/16/21        (11,440 ) 

Starbucks Corp.

      800        8,741,600        120        5/21/21        (75,200 ) 

Sysco Corp.

      750        5,905,500        85        4/16/21        (13,125 ) 

Tandem Diabetes Care, Inc.

      265        2,338,625        110        4/16/21        (8,612 ) 

Tesla, Inc.

      60        4,007,580        1,000        4/16/21        (2,310 ) 

Texas Instruments, Inc.

      575        10,866,925        195        4/16/21        (97,175 ) 

 

5

 

 

                                                                                                                            
Description   

Number of

Contracts

     

Notional

Amount

     

Exercise

Price

     

Expiration

Date

      Value  

Thermo Fisher Scientific, Inc.

      75      $ 3,422,850      $ 530        4/16/21      $ (3,750 ) 

TJX Cos., Inc. (The)

      925        6,118,875        70        4/30/21        (61,050 ) 

Tractor Supply Co.

      185        3,275,980        185        5/21/21        (86,950 ) 

Trane Technologies PLC

      280        4,635,680        170        4/16/21        (54,600 ) 

Twitter, Inc.

      750        4,772,250        80        4/16/21        (6,375 ) 

Uber Technologies, Inc.

      880        4,796,880        70        4/16/21        (3,960 ) 

UnitedHealth Group, Inc.

      380        14,138,660        390        6/18/21        (340,100 ) 

Veeva Systems, Inc., Class A

      80        2,089,920        280        4/16/21        (15,400 ) 

Vertex Pharmaceuticals, Inc.

      180        3,868,020        250        5/21/21        (66,600 ) 

Visa, Inc., Class A

      1,190        25,195,870        235        5/21/21        (151,725 ) 

Walt Disney Co. (The)

      340        6,273,680        210        4/16/21        (11,560 ) 

Waste Connections, Inc.

      280        3,023,440        110        6/18/21        (73,500 ) 

Zebra Technologies Corp., Class A

      255        12,372,090        520        5/21/21        (328,950 ) 

Zscaler, Inc.

      520        8,926,840        300        4/16/21        (22,880 ) 
              

 

 

  

Total

 

    $ (4,851,235 ) 
              

 

 

  

Abbreviations:

 

ADR

   -   American Depositary Receipt

 

6

 

 

At March 31, 2021, 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, 2021, the value of the Fund’s investment in affiliated funds was $3,466,860, which represents 0.4% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended March 31, 2021 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

    $     152,824      $     33,701,302      $     (30,387,266 )    $ —      $ —      $     3,466,860      $     755        3,466,860  

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.

 

7

 

 

At March 31, 2021, 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

    $ 1,075,907,528 *     $ —      $ —      $ 1,075,907,528  

Short-Term Investments

      —        3,466,860        —        3,466,860  

Total Investments

    $     1,075,907,528      $     3,466,860      $     —      $     1,079,374,388  
Liability Description                          

Written Covered Call Options

    $ (4,851,235 )     $ —      $ —      $ (4,851,235 ) 

Total

    $     (4,851,235 )     $ —      $ —      $ (4,851,235 ) 

 

*

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.

 

8