NPORT-EX 2 NPORT_FH9K_9206321835.htm HTML

Eaton Vance

Enhanced Equity Income Fund

June 30, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.9%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 0.8%

 

Huntington Ingalls Industries, Inc.

      26,219      $ 5,525,654  
     

 

 

  
   $ 5,525,654  
     

 

 

  

Automobiles — 1.2%

 

General Motors Co.(2)

      149,365      $ 8,837,927  
     

 

 

  
   $ 8,837,927  
     

 

 

  

Banks — 6.8%

 

Bank of America Corp.

      400,401      $ 16,508,533  

JPMorgan Chase & Co.

      131,793        20,499,083  

Wells Fargo & Co.

      272,374        12,335,819  
     

 

 

  
   $ 49,343,435  
     

 

 

  

Beverages — 2.4%

 

Constellation Brands, Inc., Class A

      30,124      $ 7,045,702  

PepsiCo, Inc.

      70,007        10,372,937  
     

 

 

  
   $ 17,418,639  
     

 

 

  

Biotechnology — 1.0%

 

Vertex Pharmaceuticals, Inc.(2)

      37,656      $ 7,592,579  
     

 

 

  
   $ 7,592,579  
     

 

 

  

Building Products — 1.2%

 

Johnson Controls International PLC

      126,772      $ 8,700,362  
     

 

 

  
   $ 8,700,362  
     

 

 

  

Capital Markets — 2.7%

 

Charles Schwab Corp. (The)

      114,221      $ 8,316,431  

Goldman Sachs Group, Inc. (The)

      30,124        11,432,962  
     

 

 

  
   $ 19,749,393  
     

 

 

  

Diversified Telecommunication Services — 1.8%

 

Verizon Communications, Inc.

      240,994      $ 13,502,894  
     

 

 

  
   $ 13,502,894  
     

 

 

  

Electric Utilities — 1.1%

 

NextEra Energy, Inc.

      107,946      $ 7,910,283  
     

 

 

  
   $ 7,910,283  
     

 

 

  

Electrical Equipment — 2.3%

 

Eaton Corp. PLC

      111,710      $ 16,553,188  
     

 

 

  
   $ 16,553,188  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Entertainment — 3.8%

 

Live Nation Entertainment, Inc.(2)

      94,138      $ 8,245,548  

Netflix, Inc.(2)

      8,787        4,641,381  

Walt Disney Co. (The)(2)

      85,352        15,002,321  
     

 

 

  
   $ 27,889,250  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 2.7%

 

AvalonBay Communities, Inc.

      30,124      $ 6,286,577  

EastGroup Properties, Inc.

      52,717        8,669,311  

Mid-America Apartment Communities, Inc.

      26,359        4,439,383  
     

 

 

  
   $ 19,395,271  
     

 

 

  

Food Products — 1.2%

 

Mondelez International, Inc., Class A

      138,070      $ 8,621,091  
     

 

 

  
   $ 8,621,091  
     

 

 

  

Health Care Equipment & Supplies — 2.3%

 

Danaher Corp.

      61,503      $ 16,504,945  
     

 

 

  
   $ 16,504,945  
     

 

 

  

Health Care Providers & Services — 2.3%

 

UnitedHealth Group, Inc.

      42,676      $ 17,089,177  
     

 

 

  
   $ 17,089,177  
     

 

 

  

Hotels, Restaurants & Leisure — 2.0%

 

Hilton Worldwide Holdings, Inc.(2)

      56,347      $ 6,796,575  

Starbucks Corp.

      71,546        7,999,558  
     

 

 

  
   $ 14,796,133  
     

 

 

  

Household Products — 2.0%

 

Procter & Gamble Co. (The)

      109,201      $ 14,734,491  
     

 

 

  
   $ 14,734,491  
     

 

 

  

Insurance — 2.5%

 

MetLife, Inc.

      123,007      $ 7,361,969  

Progressive Corp. (The)

      107,946        10,601,377  
     

 

 

  
   $ 17,963,346  
     

 

 

  

Interactive Media & Services — 5.2%

 

Alphabet, Inc., Class C(2)

      15,062      $ 37,750,192  
     

 

 

  
   $ 37,750,192  
     

 

 

  

Internet & Direct Marketing Retail — 5.8%

 

Amazon.com, Inc.(2)

      12,209      $ 42,000,913  
     

 

 

  
   $ 42,000,913  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

IT Services — 7.8%

 

Accenture PLC, Class A

      46,441      $ 13,690,343  

Fidelity National Information Services, Inc.

      53,972        7,646,213  

GoDaddy, Inc., Class A(2)

      56,482        4,911,675  

PayPal Holdings, Inc.(2)

      43,932        12,805,299  

Visa, Inc., Class A

      76,566        17,902,662  
     

 

 

  
   $ 56,956,192  
     

 

 

  

Life Sciences Tools & Services — 3.1%

      

Charles River Laboratories International, Inc.(2)

      16,317      $ 6,035,985  

Thermo Fisher Scientific, Inc.

      23,849        12,031,105  

Waters Corp.(2)

      13,302        4,597,304  
     

 

 

  
   $ 22,664,394  
     

 

 

  

Machinery — 1.9%

 

Caterpillar, Inc.

      32,634      $ 7,102,138  

PACCAR, Inc.

      79,077        7,057,622  
     

 

 

  
   $ 14,159,760  
     

 

 

  

Metals & Mining — 2.5%

 

Franco-Nevada Corp.

      66,524      $ 9,650,637  

Rio Tinto PLC ADR

      104,180        8,739,660  
     

 

 

  
   $ 18,390,297  
     

 

 

  

Multi-Utilities — 1.3%

 

CMS Energy Corp.

      53,972      $ 3,188,666  

Sempra Energy

      48,952        6,485,161  
     

 

 

  
   $ 9,673,827  
     

 

 

  

Oil, Gas & Consumable Fuels — 2.7%

 

Chevron Corp.

      79,076      $ 8,282,420  

EOG Resources, Inc.

      79,076        6,598,102  

Phillips 66

      58,994        5,062,865  
     

 

 

  
   $ 19,943,387  
     

 

 

  

Pharmaceuticals — 2.9%

 

Royalty Pharma PLC, Class A

      78,843      $ 3,231,774  

Sanofi

      84,097        8,835,448  

Zoetis, Inc.

      50,208        9,356,763  
     

 

 

  
   $ 21,423,985  
     

 

 

  

Road & Rail — 1.9%

 

CSX Corp.

      436,800      $ 14,012,544  
     

 

 

  
   $ 14,012,544  
     

 

 

  

Semiconductors & Semiconductor Equipment — 3.2%

 

Micron Technology, Inc.(2)

      80,331      $ 6,826,528  

Texas Instruments, Inc.

      85,352        16,413,190  
     

 

 

  
   $ 23,239,718  
     

 

 

  

 

3

 

 

                                                 
Security    Shares      Value  

Software — 10.3%

 

Intuit, Inc.

      31,379      $ 15,381,044  

Microsoft Corp.

      194,553        52,704,408  

Palantir Technologies, Inc., Class A(2)

      276,139        7,279,024  
     

 

 

  
   $ 75,364,476  
     

 

 

  

Specialty Retail — 2.4%

 

Best Buy Co., Inc.

      51,462      $ 5,917,101  

Lowe’s Cos., Inc.

      58,993        11,442,872  
     

 

 

  
   $ 17,359,973  
     

 

 

  

Technology Hardware, Storage & Peripherals — 6.2%

 

Apple, Inc.

      332,621      $ 45,555,772  
     

 

 

  
   $ 45,555,772  
     

 

 

  

Textiles, Apparel & Luxury Goods — 2.6%

 

Capri Holdings, Ltd.(2)

      102,753      $ 5,876,444  

NIKE, Inc., Class B

      82,842        12,798,261  
     

 

 

  
   $ 18,674,705  
     

 

 

  

Total Common Stocks
(identified cost $395,990,898)

 

    $ 729,298,193  
     

 

 

  

Short-Term Investments — 0.8%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.05%(3)

      5,401,389      $ 5,401,389  
     

 

 

  

Total Short-Term Investments
(identified cost $5,401,343)

 

    $ 5,401,389  
     

 

 

  

Total Investments — 100.7%
(identified cost $401,392,241)

 

    $ 734,699,582  
     

 

 

  

Total Written Covered Call Options — (0.6)%
(premiums received $4,702,651)

 

    $ (4,212,545 ) 
     

 

 

  

Other Assets, Less Liabilities — (0.1)%

 

    $ (458,847 ) 
     

 

 

  

Net Assets — 100.0%

 

    $ 730,028,190  
     

 

 

  

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 June 30, 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 June 30, 2021.

 

4

 

 

Written Covered Call Options — (0.6)%

Exchange-Traded Options — (0.6)%

 

                                                                                                                            

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Accenture PLC, Class A

      230      $ 6,780,170      $ 295        7/23/21      $ (89,700 ) 

Alphabet, Inc., Class C

      75        18,797,400        2,550        7/16/21        (138,375 ) 

Amazon.com, Inc.

      60        20,640,960        3,580        7/23/21        (143,850 ) 

Apple, Inc.

      1,670        22,872,320        135        7/16/21        (538,575 ) 

AvalonBay Communities, Inc.

      150        3,130,350        210        7/16/21        (33,375 ) 

Bank of America Corp.

      2,010        8,287,230        44        7/16/21        (33,165 ) 

Best Buy Co., Inc.

      255        2,931,990        120        7/16/21        (18,615 ) 

Capri Holdings, Ltd.

      510        2,916,690        58        7/23/21        (88,740 ) 

Caterpillar, Inc.

      160        3,482,080        230        7/30/21        (43,360 ) 

Charles River Laboratories International, Inc.

      80        2,959,360        370        7/16/21        (56,000 ) 

Charles Schwab Corp. (The)

      435        3,167,235        77        7/2/21        (1,305 ) 

Chevron Corp.

      395        4,137,230        111        7/2/21        (790 ) 

Constellation Brands, Inc., Class A

      150        3,508,350        238        7/30/21        (58,125 ) 

CSX Corp.

      2,180        6,993,440        33        8/20/21        (120,085 ) 

Danaher Corp.

      305        8,184,980        270        8/20/21        (263,825 ) 

Eaton Corp. PLC

      560        8,298,080        147        7/23/21        (198,800 ) 

EOG Resources, Inc.

      395        3,295,880        93        7/30/21        (49,967 ) 

Fidelity National Information Services, Inc.

      270        3,825,090        155        7/16/21        (675 ) 

Franco-Nevada Corp.

      330        4,787,310        165        7/16/21        (3,300 ) 

General Motors Co.

      750        4,437,750        65        7/23/21        (20,250 ) 

GoDaddy, Inc., Class A

      280        2,434,880        90        8/20/21        (78,400 ) 

Goldman Sachs Group, Inc. (The)

      150        5,692,950        390        7/30/21        (105,750 ) 

Hilton Worldwide Holdings, Inc.

      280        3,377,360        135        8/20/21        (28,000 ) 

Huntington Ingalls Industries, Inc.

      130        2,739,750        220        7/16/21        (8,775 ) 

Intuit, Inc.

      155        7,597,635        480        7/16/21        (223,975 ) 

Johnson Controls International PLC

      635        4,358,005        68        7/16/21        (117,475 ) 

JPMorgan Chase & Co.

      660        10,265,640        165        7/16/21        (29,700 ) 

Live Nation Entertainment, Inc.

      470        4,116,730        98        7/16/21        (11,750 ) 

Lowe’s Cos., Inc.

      295        5,722,115        205        7/9/21        (3,245 ) 

MetLife, Inc.

      615        3,680,775        68        7/16/21        (1,230 ) 

Micron Technology, Inc.

      400        3,399,200        86        7/30/21        (146,000 ) 

Microsoft Corp.

      970        26,277,300        278        7/30/21        (354,050 ) 

Mid-America Apartment Communities, Inc.

      130        2,189,460        170        7/16/21        (14,625 ) 

Mondelez International, Inc., Class A

      690        4,308,360        66        7/9/21        (6,900 ) 

Netflix, Inc.

      40        2,112,840        530        7/2/21        (12,700 ) 

NextEra Energy, Inc.

      540        3,957,120        75        7/16/21        (28,350 ) 

NIKE, Inc., Class B

      410        6,334,090        160        7/30/21        (75,235 ) 

PACCAR, Inc.

      395        3,525,375        95        7/16/21        (19,750 ) 

Palantir Technologies, Inc., Class A

      1,385        3,650,860        27        7/16/21        (106,645 ) 

 

5

 

 

                                                                                                                            

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

PayPal Holdings, Inc.

      215      $ 6,266,820      $ 310        7/30/21      $ (98,363 ) 

PepsiCo, Inc.

      350        5,185,950        150        7/23/21        (52,500 ) 

Phillips 66

      295        2,531,690        98        7/16/21        (2,212 ) 

Procter & Gamble Co. (The)

      545        7,353,685        139        7/23/21        (25,615 ) 

Progressive Corp. (The)

      540        5,303,340        105        7/16/21        (8,100 ) 

Rio Tinto PLC ADR

      520        4,362,280        89        7/16/21        (22,100 ) 

Sempra Energy

      245        3,245,760        140        7/16/21        (1,837 ) 

Starbucks Corp.

      360        4,025,160        117        7/2/21        (540 ) 

Texas Instruments, Inc.

      425        8,172,750        193        7/23/21        (194,438 ) 

Thermo Fisher Scientific, Inc.

      115        5,801,405        530        8/20/21        (94,875 ) 

UnitedHealth Group, Inc.

      210        8,409,240        418        7/23/21        (49,875 ) 

Verizon Communications, Inc.

      1,210        6,779,630        57        7/23/21        (35,090 ) 

Vertex Pharmaceuticals, Inc.

      185        3,730,155        200        7/16/21        (84,175 ) 

Visa, Inc., Class A

      385        9,002,070        240        7/23/21        (79,503 ) 

Walt Disney Co. (The)

      425        7,470,225        185        7/16/21        (27,200 ) 

Waters Corp.

      65        2,246,465        350        7/16/21        (23,725 ) 

Wells Fargo & Co.

      1,360        6,159,440        48        7/30/21        (110,840 ) 

Zoetis, Inc.

      250        4,659,000        190        7/16/21        (28,125 ) 
              

 

 

  

Total

                $ (4,212,545 ) 
              

 

 

  

Abbreviations:

 

ADR

   -   American Depositary Receipt

At June 30, 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 June 30, 2021, the value of the Fund’s investment in affiliated funds was $5,401,389, which represents 0.8% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended June 30, 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

    $     4,588,342      $     66,625,094      $     (65,812,093 )    $     —      $     46      $     5,401,389      $     4,010        5,401,389  

 

6

 

 

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 June 30, 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

 

Communication Services

    $ 79,142,336      $ —      $ —      $ 79,142,336  

Consumer Discretionary

      101,669,651        —        —        101,669,651  

Consumer Staples

      40,774,221        —        —        40,774,221  

Energy

      19,943,387        —        —        19,943,387  

Financials

      87,056,174        —        —        87,056,174  

Health Care

      76,439,632        8,835,448        —        85,275,080  

Industrials

      58,951,508        —        —        58,951,508  

Information Technology

      201,116,158        —        —        201,116,158  

Materials

      18,390,297        —        —        18,390,297  

Real Estate

      19,395,271        —        —        19,395,271  

Utilities

      17,584,110        —        —        17,584,110  

Total Common Stocks

    $ 720,462,745      $ 8,835,448 *     $ —      $ 729,298,193  

Short-Term Investments

    $ —      $ 5,401,389      $ —      $ 5,401,389  

Total Investments

    $     720,462,745      $     14,236,837      $ —      $     734,699,582  
Liability Description                  

Written Covered Call Options

    $ (4,212,545 )     $ —      $ —      $ (4,212,545 ) 

Total

    $ (4,212,545 )     $ —      $ —      $ (4,212,545 ) 

 

*

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.

 

7