NPORT-EX 2 NPORT_FH9C_21463804_0921.htm HTML

Eaton Vance

Enhanced Equity Income Fund II

September 30, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.6%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.3%

      

Hexcel Corp.(2)

      147,137      $ 8,738,467  

Raytheon Technologies Corp.

      66,119        5,683,589  
     

 

 

  
      $ 14,422,056  
     

 

 

  

Auto Components — 1.2%

      

Aptiv PLC(2)

      93,535      $ 13,933,909  
     

 

 

  
      $ 13,933,909  
     

 

 

  

Banks — 0.9%

      

JPMorgan Chase & Co.

      60,877      $ 9,964,956  
     

 

 

  
      $ 9,964,956  
     

 

 

  

Beverages — 1.8%

      

Coca-Cola Co. (The)

      318,591      $ 16,716,470  

Constellation Brands, Inc., Class A

      16,284        3,430,876  
     

 

 

  
      $ 20,147,346  
     

 

 

  

Biotechnology — 2.4%

      

AbbVie, Inc.

      191,373      $ 20,643,406  

Argenx SE ADR(2)

      23,328        7,045,056  
     

 

 

  
      $ 27,688,462  
     

 

 

  

Building Products — 0.9%

      

Trane Technologies PLC

      56,633      $ 9,777,687  
     

 

 

  
      $ 9,777,687  
     

 

 

  

Capital Markets — 3.3%

      

Charles Schwab Corp. (The)

      243,056      $ 17,704,199  

Goldman Sachs Group, Inc. (The)

      52,988        20,031,054  
     

 

 

  
      $ 37,735,253  
     

 

 

  

Chemicals — 0.2%

      

Ecolab, Inc.

      9,744      $ 2,032,793  
     

 

 

  
      $ 2,032,793  
     

 

 

  

Commercial Services & Supplies — 0.7%

      

Waste Connections, Inc.

      59,343      $ 7,473,064  
     

 

 

  
      $ 7,473,064  
     

 

 

  

Electrical Equipment — 1.1%

      

AMETEK, Inc.

      100,757      $ 12,494,876  
     

 

 

  
      $ 12,494,876  
     

 

 

  

Electronic Equipment, Instruments & Components — 2.3%

      

Zebra Technologies Corp., Class A(2)

      51,437      $ 26,511,659  
     

 

 

  
      $ 26,511,659  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Entertainment — 2.6%

      

Netflix, Inc.(2)

      30,833      $ 18,818,613  

Walt Disney Co. (The)(2)

      63,847        10,800,997  
     

 

 

  
      $ 29,619,610  
     

 

 

  

Food & Staples Retailing — 1.0%

      

Sysco Corp.

      150,615      $ 11,823,277  
     

 

 

  
      $ 11,823,277  
     

 

 

  

Food Products — 0.8%

      

Mondelez International, Inc., Class A

      153,625      $ 8,937,902  
     

 

 

  
      $ 8,937,902  
     

 

 

  

Health Care Equipment & Supplies — 3.9%

      

Abbott Laboratories

      102,141      $ 12,065,916  

Inari Medical, Inc.(2)

      83,005        6,731,706  

Intuitive Surgical, Inc.(2)

      19,340        19,226,861  

Tandem Diabetes Care, Inc.(2)

      53,892        6,433,627  
     

 

 

  
      $ 44,458,110  
     

 

 

  

Health Care Providers & Services — 1.6%

      

UnitedHealth Group, Inc.

      46,952      $ 18,346,024  
     

 

 

  
      $ 18,346,024  
     

 

 

  

Health Care Technology — 0.7%

      

Veeva Systems, Inc., Class A(2)

      29,537      $ 8,511,677  
     

 

 

  
      $ 8,511,677  
     

 

 

  

Hotels, Restaurants & Leisure — 1.3%

      

Starbucks Corp.

      132,809      $ 14,650,161  
     

 

 

  
      $ 14,650,161  
     

 

 

  

Interactive Media & Services — 11.8%

      

Alphabet, Inc., Class C(2)

      32,153      $ 85,697,712  

Facebook, Inc., Class A(2)

      117,108        39,745,284  

Twitter, Inc.(2)

      149,381        9,021,119  
     

 

 

  
      $ 134,464,115  
     

 

 

  

Internet & Direct Marketing Retail — 8.6%

      

Amazon.com, Inc.(2)

      29,704      $ 97,578,828  
     

 

 

  
      $ 97,578,828  
     

 

 

  

IT Services — 9.2%

      

GoDaddy, Inc., Class A(2)

      79,599      $ 5,548,050  

PayPal Holdings, Inc.(2)

      173,979        45,271,076  

Visa, Inc., Class A

      238,921        53,219,653  
     

 

 

  
      $ 104,038,779  
     

 

 

  

Life Sciences Tools & Services — 2.2%

      

10X Genomics, Inc., Class A(2)

      60,825      $ 8,854,904  

Illumina, Inc.(2)

      16,561        6,717,307  

Thermo Fisher Scientific, Inc.

      15,588        8,905,892  
     

 

 

  
      $ 24,478,103  
     

 

 

  

Oil, Gas & Consumable Fuels — 0.5%

      

EOG Resources, Inc.

      71,787      $ 5,762,342  
     

 

 

  
      $ 5,762,342  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Pharmaceuticals — 0.9%

      

Eli Lilly & Co.

      43,106      $ 9,959,641  
     

 

 

  
      $ 9,959,641  
     

 

 

  

Road & Rail — 1.5%

      

CSX Corp.

      313,764      $ 9,331,341  

Uber Technologies, Inc.(2)

      176,578        7,910,695  
     

 

 

  
      $ 17,242,036  
     

 

 

  

Semiconductors & Semiconductor Equipment — 7.6%

      

Ambarella, Inc.(2)

      40,965      $ 6,379,889  

Intel Corp.

      247,469        13,185,148  

Micron Technology, Inc.

      293,859        20,858,112  

QUALCOMM, Inc.

      188,600        24,325,628  

Texas Instruments, Inc.

      115,404        22,181,803  
     

 

 

  
      $ 86,930,580  
     

 

 

  

Software — 18.6%

      

Adobe, Inc.(2)

      80,327      $ 46,245,860  

Altair Engineering, Inc., Class A(2)

      80,916        5,578,349  

Intuit, Inc.

      56,776        30,631,220  

Microsoft Corp.

      280,404        79,051,496  

Palantir Technologies, Inc., Class A(2)

      411,802        9,899,720  

salesforce.com, inc.(2)

      70,758        19,190,985  

Zscaler, Inc.(2)

      76,973        20,183,860  
     

 

 

  
      $ 210,781,490  
     

 

 

  

Specialty Retail — 3.3%

      

Home Depot, Inc. (The)

      46,129      $ 15,142,306  

TJX Cos., Inc. (The)

      343,289        22,650,208  
     

 

 

  
      $ 37,792,514  
     

 

 

  

Technology Hardware, Storage & Peripherals — 5.9%

      

Apple, Inc.

      398,426      $ 56,377,279  

Logitech International S.A.

      123,818        10,914,557  
     

 

 

  
      $ 67,291,836  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.5%

      

NIKE, Inc., Class B

      114,972      $ 16,697,384  
     

 

 

  
      $ 16,697,384  
     

 

 

  

Total Common Stocks
(identified cost $479,240,407)

       $ 1,131,546,470  
     

 

 

  

Short-Term Investments — 0.5%

      
Description    Units      Value  

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

      5,045,878      $ 5,045,878  
     

 

 

  

Total Short-Term Investments
(identified cost $5,045,878)

       $ 5,045,878  
     

 

 

  

Total Investments — 100.1%
(identified cost $484,286,285)

       $ 1,136,592,348  
     

 

 

  

 

3

 

 

                                                 
Description            Value  

Total Written Covered Call Options — (0.3)%
(premiums received $7,560,266)

       $ (3,146,230 ) 
     

 

 

  

Other Assets, Less Liabilities — 0.2%

       $ 2,362,805  
     

 

 

  

Net Assets — 100.0%

       $ 1,135,808,923  
     

 

 

  

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, 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 September 30, 2021.

Written Covered Call Options — (0.3)%

Exchange-Traded Options — (0.3)%

 

                                                                                                                            

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

10X Genomics, Inc., Class A

      300      $     4,367,400      $     200        10/15/21      $ (16,500 ) 

Abbott Laboratories

      510        6,024,630        128        10/29/21        (24,990 ) 

AbbVie, Inc.

      955        10,301,585        111        10/22/21        (95,023 ) 

Adobe, Inc.

      400        23,028,800        645        10/29/21        (60,400 ) 

Alphabet, Inc., Class C

      160        42,644,960        2,905        10/22/21        (91,200 ) 

Amazon.com, Inc.

      145        47,633,080        3,500        10/29/21        (494,088 ) 

Ambarella, Inc.

      200        3,114,800        165        10/22/21        (77,000 ) 

AMETEK, Inc.

      500        6,200,500        135        10/15/21        (11,250 ) 

Apple, Inc.

      1,990        28,158,500        155        10/29/21        (140,295 ) 

Aptiv PLC

      465        6,927,105        155        10/15/21        (84,863 ) 

Charles Schwab Corp. (The)

      1,215        8,850,060        76        10/8/21        (43,740 ) 

Coca-Cola Co. (The)

      1,590        8,342,730        55        10/29/21        (42,135 ) 

Constellation Brands, Inc., Class A

      80        1,685,520        220        10/8/21        (12,000 ) 

CSX Corp.

      1,565        4,654,310        32        10/22/21        (19,562 ) 

Ecolab, Inc.

      45        938,790        230        10/15/21        (1,125 ) 

EOG Resources, Inc.

      355        2,849,585        85        10/29/21        (71,000 ) 

Facebook, Inc., Class A

      585        19,854,315        375        10/22/21        (47,678 ) 

GoDaddy, Inc., Class A

      395        2,753,150        78        11/19/21        (40,488 ) 

Goldman Sachs Group, Inc. (The)

      260        9,828,780        425        10/15/21        (10,920 ) 

Hexcel Corp.

      735        4,365,165        65        11/19/21        (222,338 ) 

Home Depot, Inc. (The)

      230        7,549,980        350        10/29/21        (36,915 ) 

Illumina, Inc.

      80        3,244,880        475        10/22/21        (6,800 ) 

Inari Medical, Inc.

      415        3,365,650        95        11/19/21        (88,188 ) 

Intel Corp.

      1,235        6,580,080        56        10/1/21        (617 ) 

Intuit, Inc.

      280        15,106,280        575        10/1/21        (5,600 ) 

JPMorgan Chase & Co.

      300        4,910,700        165        10/15/21        (83,700 ) 

Logitech International S.A.

      440        3,878,600        105        10/15/21        (1,100 ) 

Micron Technology, Inc.

      1,465        10,398,570        76        11/5/21        (147,965 ) 

 

4

 

 

                                                                                                                            

Description

    Number of
Contracts		      Notional
Amount		      Exercise
Price		      Expiration
Date		      Value  

Microsoft Corp.

      1,400      $     39,468,800      $     305        10/15/21      $ (54,600 ) 

Mondelez International, Inc., Class A

      765        4,450,770        62        11/5/21        (21,037 ) 

Netflix, Inc.

      150        9,155,100        625        10/8/21        (87,375 ) 

NIKE, Inc., Class B

      645        9,367,335        175        10/1/21        (322 ) 

Palantir Technologies, Inc., Class A

      2,055        4,940,220        31        10/22/21        (21,577 ) 

PayPal Holdings, Inc.

      865        22,508,165        280        10/22/21        (125,425 ) 

QUALCOMM, Inc.

      940        12,124,120        139        10/22/21        (43,240 ) 

Raytheon Technologies Corp.

      330        2,836,680        90        10/29/21        (32,670 ) 

salesforce.com, inc.

      350        9,492,700        285        10/29/21        (115,500 ) 

Starbucks Corp.

      660        7,280,460        125        10/15/21        (4,620 ) 

Sysco Corp.

      750        5,887,500        85        11/5/21        (61,875 ) 

Texas Instruments, Inc.

      575        11,052,075        205        10/29/21        (108,675 ) 

Thermo Fisher Scientific, Inc.

      75        4,284,975        600        10/15/21        (20,437 ) 

TJX Cos., Inc. (The)

      1,280        8,445,440        74        10/29/21        (19,840 ) 

Trane Technologies PLC

      280        4,834,200        200        10/15/21        (10,500 ) 

Twitter, Inc.

      745        4,499,055        68        10/15/21        (15,645 ) 

Uber Technologies, Inc.

      880        3,942,400        48        10/22/21        (56,760 ) 

UnitedHealth Group, Inc.

      230        8,987,020        425        10/29/21        (67,045 ) 

Veeva Systems, Inc., Class A

      145        4,178,465        320        10/15/21        (3,987 ) 

Visa, Inc., Class A

      1,190        26,507,250        235        10/15/21        (78,540 ) 

Walt Disney Co. (The)

      315        5,328,855        195        10/15/21        (2,047 ) 

Waste Connections, Inc.

      295        3,714,935        135        10/15/21        (70,800 ) 

Zebra Technologies Corp., Class A

      255        13,143,210        620        11/19/21        (47,813 ) 

Zscaler, Inc.

      380        9,964,360        290        10/29/21        (98,420 ) 
              

 

 

  

Total

                $     (3,146,230 ) 
              

 

 

  

Abbreviations:

 

ADR

   -   American Depositary Receipt

At September 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 September 30, 2021, the value of the Fund’s investment in affiliated funds was $5,045,878, which represents 0.5% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended September 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

   $     152,824     $     97,824,930     $     (92,931,978 )    $     102     $     —     $     5,045,878     $     2,172       5,045,878  

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)

 

5

 

 

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, 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

    $ 1,131,546,470 *     $ —      $ —      $ 1,131,546,470  

Short-Term Investments

      —        5,045,878        —        5,045,878  

Total Investments

    $     1,131,546,470      $     5,045,878      $ —      $     1,136,592,348  
Liability Description                                

Written Covered Call Options

    $ (3,146,230 )     $ —      $ —      $ (3,146,230 ) 

Total

    $ (3,146,230 )     $ —      $     —      $ (3,146,230 ) 

 

*

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