NPORT-EX 2 NPORT_FH9C_13694450_0325.htm
Eaton Vance
Enhanced Equity Income Fund II
March 31, 2025
Portfolio of Investments (Unaudited)

Common Stocks — 98.8%(1)
Security Shares Value
Aerospace & Defense — 1.1%
HEICO Corp.       44,219 $   11,814,875
      $   11,814,875
Automobiles — 0.8%
Tesla, Inc.(2)       35,819 $    9,282,852
      $    9,282,852
Beverages — 1.5%
Coca-Cola Co.      228,698 $   16,379,351
      $   16,379,351
Broadline Retail — 8.0%
Amazon.com, Inc.(2)      469,681 $   89,361,507
      $   89,361,507
Building Products — 1.0%
Trane Technologies PLC       34,245 $   11,537,825
      $   11,537,825
Capital Markets — 3.9%
Blue Owl Capital, Inc.      450,286 $    9,023,731
Intercontinental Exchange, Inc.       49,093     8,468,543
S&P Global, Inc.       20,155    10,240,756
Tradeweb Markets, Inc., Class A      105,377    15,644,269
      $   43,377,299
Commercial Services & Supplies — 2.3%
Copart, Inc.(2)      198,392 $   11,227,003
Waste Connections, Inc.       72,991    14,247,114
      $   25,474,117
Communications Equipment — 0.8%
Arista Networks, Inc.(2)      117,602 $    9,111,803
      $    9,111,803
Consumer Staples Distribution & Retail — 3.8%
BJ's Wholesale Club Holdings, Inc.(2)       89,418 $   10,202,594
Costco Wholesale Corp.       21,609    20,437,360
Walmart, Inc.      129,277    11,349,228
      $   41,989,182
Security Shares Value
Electrical Equipment — 1.2%
AMETEK, Inc.       80,815 $   13,911,494
      $   13,911,494
Entertainment — 2.7%
Netflix, Inc.(2)       31,890 $   29,738,382
      $   29,738,382
Financial Services — 3.4%
Shift4 Payments, Inc., Class A(2)      165,740 $   13,542,615
Visa, Inc., Class A       67,988    23,827,075
      $   37,369,690
Ground Transportation — 0.6%
Uber Technologies, Inc.(2)       95,401 $    6,950,917
      $    6,950,917
Health Care Equipment & Supplies — 3.0%
Abbott Laboratories       45,032 $    5,973,495
Edwards Lifesciences Corp.(2)      134,729     9,765,158
Intuitive Surgical, Inc.(2)       35,211    17,438,952
      $   33,177,605
Health Care Providers & Services — 0.7%
McKesson Corp.       11,251 $    7,571,810
      $    7,571,810
Insurance — 0.8%
Arthur J. Gallagher & Co.       26,615 $    9,188,563
      $    9,188,563
Interactive Media & Services — 11.1%
Alphabet, Inc., Class C      471,497 $   73,661,976
Meta Platforms, Inc., Class A       83,888    48,349,688
Reddit, Inc., Class A(2)       14,456     1,516,434
      $  123,528,098
IT Services — 1.0%
Gartner, Inc.(2)       27,241 $   11,434,137
      $   11,434,137
Life Sciences Tools & Services — 0.5%
Thermo Fisher Scientific, Inc.       11,578 $    5,761,213
      $    5,761,213
 
1

Eaton Vance
Enhanced Equity Income Fund II
March 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Pharmaceuticals — 3.6%
Eli Lilly & Co.       48,003 $   39,646,158
      $   39,646,158
Professional Services — 1.0%
TransUnion      128,444 $   10,659,567
      $   10,659,567
Real Estate Management & Development — 1.6%
CoStar Group, Inc.(2)       95,692 $    7,581,677
FirstService Corp.       63,310    10,506,295
      $   18,087,972
Semiconductors & Semiconductor Equipment — 16.7%
Analog Devices, Inc.       36,380 $    7,336,754
Broadcom, Inc.      271,198    45,406,681
Lam Research Corp.      288,821    20,997,287
NVIDIA Corp.    1,043,050   113,045,759
      $  186,786,481
Software — 16.6%
Adobe, Inc.(2)       41,855 $   16,052,648
Constellation Software, Inc.        2,980     9,437,450
Fair Isaac Corp.(2)        5,507    10,155,789
Fortinet, Inc.(2)      123,567    11,894,560
Intuit, Inc.       38,068    23,373,371
Microsoft Corp.      229,341    86,092,318
Nutanix, Inc., Class A(2)      147,157    10,273,030
Salesforce, Inc.       67,879    18,216,009
      $  185,495,175
Specialty Retail — 3.7%
Burlington Stores, Inc.(2)       27,664 $    6,593,161
Home Depot, Inc.       17,645     6,466,716
TJX Cos., Inc.      236,168    28,765,262
      $   41,825,139
Security Shares Value
Technology Hardware, Storage & Peripherals — 7.4%
Apple, Inc.      370,896 $   82,387,128
      $   82,387,128
Total Common Stocks
(identified cost $462,541,839)
    $1,101,848,340
    
Short-Term Investments — 1.8%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.27%(3)   19,723,282 $   19,723,282
Total Short-Term Investments
(identified cost $19,723,282)
    $   19,723,282
Total Investments — 100.6%
(identified cost $482,265,121)
    $1,121,571,622
Total Written Covered Call Options — (0.5)%
(premiums received $8,494,753)
    $   (5,552,048)
Other Assets, Less Liabilities — (0.1)%     $     (950,381)
Net Assets — 100.0%     $1,115,069,193
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, 2025 has been pledged as collateral for such written option.
(2) Non-income producing security.
(3) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of March 31, 2025.
 
Written Covered Call Options (Exchange-Traded) — (0.5)%
Description Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Value
Abbott Laboratories   225 $  2,984,625 $   132  5/2/25 $   (99,000)
Adobe, Inc.   205    7,862,365     410 4/17/25    (31,160)
Alphabet, Inc., Class C 2,355   36,792,165     180  5/2/25   (213,127)
Amazon.com, Inc. 2,410   45,852,660     210 4/25/25   (218,105)
AMETEK, Inc.   400    6,885,600     185 4/17/25     (9,000)
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Eaton Vance
Enhanced Equity Income Fund II
March 31, 2025
Portfolio of Investments (Unaudited) — continued

Written Covered Call Options (Exchange-Traded)(continued)
Description Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Value
Analog Devices, Inc.   180 $  3,630,060 $   225  5/2/25 $   (20,700)
Apple, Inc. 1,990   44,203,870     225 4/25/25 (1,039,775)
Arista Networks, Inc.   585    4,532,580      88  5/2/25    (81,900)
Arthur J. Gallagher & Co.   120    4,142,880     350 4/17/25    (56,400)
BJ's Wholesale Club Holdings, Inc.   445    5,077,450     125 4/17/25    (13,350)
Broadcom, Inc. 1,355   22,686,765     190  5/2/25   (305,552)
Burlington Stores, Inc.   135    3,217,455     255 4/11/25    (23,625)
Coca-Cola Co. 1,140    8,164,680      71 4/25/25   (203,490)
Copart, Inc.   990    5,602,410      60 4/17/25    (19,800)
CoStar Group, Inc.   475    3,763,425      85 4/17/25    (30,875)
Costco Wholesale Corp.   105    9,930,690     955 4/25/25   (205,800)
Edwards Lifesciences Corp.   565    4,095,120      73 4/17/25   (100,288)
Eli Lilly & Co.   240   19,821,840     910 4/25/25   (129,600)
Fair Isaac Corp.    25    4,610,400   1,880 4/17/25   (110,250)
Fortinet, Inc.   615    5,919,990     106 4/11/25    (13,838)
Gartner, Inc.   135    5,666,490     490 4/17/25    (10,125)
HEICO Corp.   220    5,878,180     270 4/17/25   (113,300)
Home Depot, Inc.    85    3,115,165     365 4/17/25    (81,175)
Intercontinental Exchange, Inc.   195    3,363,750     175 4/17/25    (34,125)
Intuit, Inc.   190   11,665,810     630  4/4/25    (55,575)
Intuitive Surgical, Inc.   135    6,686,145     540 4/11/25    (16,200)
Lam Research Corp. 1,440   10,468,800      84 4/25/25   (103,680)
McKesson Corp.    25    1,682,475     670  4/4/25    (26,000)
Meta Platforms, Inc., Class A   370   21,325,320     645 4/17/25    (61,605)
Microsoft Corp. 1,145   42,982,155     405 4/17/25   (102,478)
Netflix, Inc.   155   14,454,215   1,030  5/2/25   (289,462)
Nutanix, Inc., Class A   735    5,131,035      75 4/17/25    (51,450)
NVIDIA Corp. 5,215   56,520,170     125  5/2/25   (604,940)
Reddit, Inc., Class A    70      734,300     130  5/2/25    (32,375)
S&P Global, Inc.   100    5,081,000     530  5/2/25    (58,750)
Salesforce, Inc.   335    8,990,060     285  5/2/25   (139,025)
Shift4 Payments, Inc., Class A   765    6,250,815     100 4/17/25     (9,563)
Tesla, Inc.   175    4,535,300     310 4/11/25    (25,200)
Thermo Fisher Scientific, Inc.    55    2,736,800     540 4/25/25    (13,888)
TJX Cos., Inc. 1,180   14,372,400     124 4/11/25   (116,820)
Tradeweb Markets, Inc., Class A   525    7,794,150     155 5/16/25   (199,500)
Trane Technologies PLC   170    5,727,640     360 4/17/25    (28,900)
TransUnion   640    5,311,360      90 4/17/25    (33,600)
Uber Technologies, Inc.   475    3,460,850      81 4/11/25     (8,550)
Visa, Inc., Class A   335   11,740,410     350 4/11/25   (211,887)
Walmart, Inc.   645    5,662,455      90 4/17/25    (72,240)
Waste Connections, Inc.   360    7,026,840     195 4/17/25   (126,000)
Total             $(5,552,048)
At March 31, 2025, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
3

Eaton Vance
Enhanced Equity Income Fund II
March 31, 2025
Portfolio of Investments (Unaudited) — continued

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.
Affiliated Investments
At March 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $19,723,282, which represents 1.8% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended March 31, 2025 were as follows:
Name Value,
beginning
of period
Purchases Sales
proceeds
Net realized
gain (loss)
Change in
unrealized
appreciation
(depreciation)
Value, end
of period
Dividend
income
Shares,
end of period
Short-Term Investments
Liquidity Fund, Institutional Class (1) $1,598,210 $48,555,637 $(30,430,565) $ — $ — $19,723,282 $141,330 19,723,282
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
Fair Value Measurements
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 March 31, 2025, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at fair value, were as follows:
Asset Description  Level 1 Level 2 Level 3 Total
Common Stocks $1,101,848,340* $    — $    — $1,101,848,340
Short-Term Investments    19,723,282     —     —    19,723,282
Total Investments $1,121,571,622 $    — $    — $1,121,571,622
Liability Description         
Written Covered Call Options $   (5,552,048) $    — $    — $   (5,552,048)
Total $   (5,552,048) $    — $    — $   (5,552,048)
* 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 annual or semi-annual financial statements.
4