Eaton Vance Enhanced Equity Income Fund II (EOS) NPORT-P Eaton Vance Enhanced Equity Income Fund II (Mar 2020 report)

Eaton Vance

Enhanced Equity Income Fund II

March 31, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks— 99.3%⁽¹⁾

Security	Shares		Value
Aerospace & Defense— 1.1%
Boeing Co. (The)		22,237	$	3,316,426
Raytheon Co.		33,862		4,441,001
			$	7,757,427
Auto Components— 1.6%
Aptiv PLC		225,294	$	11,093,477
			$	11,093,477
Banks— 2.2%
Bank of America Corp.		398,984	$	8,470,430
JPMorgan Chase & Co.		80,853		7,279,196
			$	15,749,626
Beverages— 1.1%
Coca-Cola Co. (The)		72,818	$	3,222,196
PepsiCo, Inc.		40,858		4,907,046
			$	8,129,242
Biotechnology— 5.4%
Amgen, Inc.		49,947	$	10,125,755
Argenx SE ADR(2)		36,075		4,752,160
Blueprint Medicines Corp.(2)		83,060		4,857,349
Deciphera Pharmaceuticals, Inc.(2)		49,023		2,018,277
Exact Sciences Corp.(2)		51,310		2,975,980
Incyte Corp.(2)		88,068		6,449,220
Vertex Pharmaceuticals, Inc.(2)		31,029		7,383,350
			$	38,562,091
Building Products— 0.7%
Fortune Brands Home & Security, Inc.		112,113	$	4,848,887
			$	4,848,887
Capital Markets— 1.2%
Charles Schwab Corp. (The)		244,964	$	8,235,690
			$	8,235,690
Commercial Services & Supplies— 1.4%
Waste Connections, Inc.		64,672	$	5,012,080
Waste Management, Inc.		51,956		4,809,047
			$	9,821,127

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Security	Shares		Value
Containers & Packaging— 0.6%
Avery Dennison Corp.		42,111	$	4,289,848
			$	4,289,848
Electrical Equipment— 1.2%
AMETEK, Inc.		116,228	$	8,370,741
			$	8,370,741
Electronic Equipment, Instruments & Components— 1.6%
Zebra Technologies Corp., Class A(2)		61,539	$	11,298,560
			$	11,298,560
Entertainment— 3.2%
Netflix, Inc.(2)		24,636	$	9,250,818
Walt Disney Co. (The)		139,509		13,476,569
			$	22,727,387
Food Products— 1.2%
Mondelez International, Inc., Class A		172,656	$	8,646,613
			$	8,646,613
Health Care Equipment & Supplies— 4.5%
Abbott Laboratories		75,401	$	5,949,893
Boston Scientific Corp.(2)		121,075		3,950,677
Haemonetics Corp.(2)		77,381		7,711,791
Intuitive Surgical, Inc.(2)		29,602		14,659,206
			$	32,271,567
Health Care Providers & Services— 3.5%
Anthem, Inc.		27,823	$	6,316,934
Centene Corp.(2)		100,970		5,998,628
UnitedHealth Group, Inc.		49,746		12,405,657
			$	24,721,219
Hotels, Restaurants & Leisure— 1.5%
Starbucks Corp.		161,872	$	10,641,465
			$	10,641,465
Interactive Media & Services— 11.0%
Alphabet, Inc., Class C(2)		43,547	$	50,636,887
Facebook, Inc., Class A(2)		137,763		22,978,868
Twitter, Inc.(2)		173,450		4,259,932
			$	77,875,687
Internet & Direct Marketing Retail— 9.1%
Amazon.com, Inc.(2)		33,241	$	64,810,643
			$	64,810,643

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Security	Shares		Value
IT Services— 9.3%
GoDaddy, Inc., Class A(2)		108,205	$	6,179,587
PayPal Holdings, Inc.(2)		217,377		20,811,674
Visa, Inc., Class A		240,797		38,797,213
			$	65,788,474
Life Sciences Tools & Services— 1.3%
10X Genomics, Inc., Class A(2)		72,388	$	4,511,220
Illumina, Inc.(2)		18,648		5,093,142
			$	9,604,362
Machinery— 1.1%
Woodward, Inc.		130,825	$	7,776,238
			$	7,776,238
Pharmaceuticals— 3.0%
AstraZeneca PLC ADR		185,413	$	8,280,545
Bristol-Myers Squibb Co.		159,833		8,909,091
Eli Lilly & Co.		27,538		3,820,071
			$	21,009,707
Road & Rail— 1.5%
CSX Corp.		46,553	$	2,667,487
Uber Technologies, Inc.(2)		177,964		4,968,755
Union Pacific Corp.		19,608		2,765,512
			$	10,401,754
Semiconductors & Semiconductor Equipment— 5.0%
Micron Technology, Inc.(2)		235,349	$	9,898,779
QUALCOMM, Inc.		232,773		15,747,094
Texas Instruments, Inc.		95,509		9,544,214
			$	35,190,087
Software— 18.0%
Adobe, Inc.(2)		83,269	$	26,499,527
Intuit, Inc.		61,263		14,090,490
Microsoft Corp.		285,106		44,964,067
SailPoint Technologies Holding, Inc.(2)		338,836		5,157,084
salesforce.com, inc.(2)		174,381		25,107,376
Zscaler, Inc.(2)		193,060		11,749,632
			$	127,568,176
Specialty Retail— 2.5%
Lowe’s Cos., Inc.		136,396	$	11,736,876
TJX Cos., Inc. (The)		126,543		6,050,021
			$	17,786,897

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Security	Shares		Value
Technology Hardware, Storage & Peripherals— 4.0%
Apple, Inc.		112,366	$	28,573,550
			$	28,573,550
Textiles, Apparel & Luxury Goods— 1.5%
NIKE, Inc., Class B		130,708	$	10,814,780
			$	10,814,780
Total Common Stocks (identified cost $507,663,599)			$	704,365,322
Short-Term Investments— 1.1%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.69%(3)		7,937,634	$	7,934,459
Total Short-Term Investments (identified cost $7,933,334)			$	7,934,459
Total Investments — 100.4% (identified cost $515,596,933)			$	712,299,781
Total Written Covered Call Options — (0.9)% (premiums received $6,763,866)			$	(6,081,813	)
Other Assets, Less Liabilities — 0.5%			$	3,472,992
Net Assets — 100.0%			$	709,690,960

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, 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 annualizedseven-day yield as of March 31, 2020.

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Written Covered Call Options— (0.9)%

Exchange-Traded Options— (0.9)%

Description	Number of Contracts		Notional Amount		Exercise Price		Expiration Date		Value
Abbott Laboratories		375	$	2,959,125	$	83		5/15/20	$	(136,875	)
Adobe, Inc.		415		13,206,960		350		4/24/20		(170,358	)
Alphabet, Inc., Class C		240		27,907,440		1,480		4/17/20		(18,000	)
Amazon.com, Inc.		175		34,120,100		2,050		4/24/20		(768,250	)
AMETEK, Inc.		580		4,177,160		85		5/15/20		(89,900	)
Amgen, Inc.		245		4,966,885		235		4/17/20		(51,450	)
Anthem, Inc.		135		3,065,040		250		5/15/20		(133,313	)
Apple, Inc.		560		14,240,240		280		4/24/20		(168,000	)
Aptiv PLC		1,125		5,539,500		65		5/15/20		(115,313	)
Argenx SE ADR		180		2,371,140		160		5/15/20		(63,900	)
AstraZeneca PLC ADR		925		4,131,050		50		4/17/20		(4,625	)
Avery Dennison Corp.		210		2,139,270		125		4/17/20		(53,025	)
Bank of America Corp.		1,990		4,224,770		36		4/17/20		(2,985	)
Boeing Co. (The)		110		1,640,540		190		4/24/20		(38,500	)
Boston Scientific Corp.		605		1,974,115		35		5/15/20		(53,240	)
Bristol-Myers Squibb Co.		795		4,431,330		70		4/17/20		(1,192	)
Centene Corp.		500		2,970,500		65		4/17/20		(62,500	)
Charles Schwab Corp. (The)		855		2,874,510		40		4/17/20		(53,438	)
Coca-Cola Co. (The)		360		1,593,000		50		5/15/20		(21,960	)
CSX Corp.		230		1,317,900		63		5/15/20		(46,920	)
Eli Lilly & Co.		135		1,872,720		140		5/15/20		(92,813	)
Exact Sciences Corp.		255		1,479,000		70		4/24/20		(31,237	)
Facebook, Inc., Class A		685		11,425,800		190		5/15/20		(182,210	)
GoDaddy, Inc., Class A		540		3,083,940		85		5/15/20		(6,750	)
Haemonetics Corp.		385		3,836,910		110		5/15/20		(204,050	)
Illumina, Inc.		90		2,458,080		270		4/24/20		(153,450	)
Incyte Corp.		440		3,222,120		80		5/15/20		(67,100	)
Intuit, Inc.		305		7,015,000		290		4/17/20		(35,838	)
Intuitive Surgical, Inc.		120		5,942,520		600		4/17/20		(14,700	)
JPMorgan Chase & Co.		400		3,601,200		128		4/9/20		(2,400	)
Lowe’s Cos., Inc.		640		5,507,200		120		4/17/20		(7,040	)
Micron Technology, Inc.		895		3,764,370		60		4/17/20		(2,685	)
Microsoft Corp.		1,425		22,473,675		165		4/24/20		(733,875	)
Mondelez International, Inc., Class A		860		4,306,880		53		5/15/20		(108,360	)
Netflix, Inc.		120		4,506,000		420		5/1/20		(85,800	)
NIKE, Inc., Class B		650		5,378,100		100		4/17/20		(8,125	)
PayPal Holdings, Inc.		1,085		10,387,790		105		5/15/20		(342,318	)
PepsiCo, Inc.		140		1,681,400		140		4/17/20		(2,730	)
QUALCOMM, Inc.		1,160		7,847,400		75		4/24/20		(174,580	)
SailPoint Technologies Holding, Inc.		1,690		2,572,180		25		5/15/20		(42,250	)
salesforce.com, inc.		870		12,526,260		160		4/24/20		(196,185	)
Starbucks Corp.		695		4,568,930		73		4/17/20		(79,925	)
Texas Instruments, Inc.		475		4,746,675		140		4/17/20		(3,562	)
TJX Cos., Inc. (The)		325		1,553,825		68		4/17/20		(2,437	)
Twitter, Inc.		865		2,124,440		30		4/24/20		(12,975	)
Uber Technologies, Inc.		740		2,066,080		27		4/17/20		(202,390	)
Union Pacific Corp.		95		1,339,880		140		4/24/20		(88,113	)
UnitedHealth Group, Inc.		245		6,109,810		300		4/17/20		(8,942	)
Vertex Pharmaceuticals, Inc.		155		3,688,225		245		4/24/20		(113,150	)

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Description	Number of Contracts		Notional Amount		Exercise Price		Expiration Date		Value
Visa, Inc., Class A		1,200	$	19,334,400	$	170		4/24/20	$	(600,000	)
Walt Disney Co. (The)		595		5,747,700		130		4/3/20		(892	)
Waste Connections, Inc.		320		2,480,000		90		5/15/20		(19,200	)
Waste Management, Inc.		255		2,360,280		115		5/15/20		(7,012	)
Woodward, Inc.		650		3,863,600		80		5/15/20		(92,625	)
Zebra Technologies Corp., Class A		260		4,773,600		270		5/15/20		(65,000	)
Zscaler, Inc.		940		5,720,840		65		4/24/20		(237,350	)
Total									$	(6,081,813	)

Abbreviations:
ADR	-	American Depositary Receipt

At March 31, 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.

At March 31, 2020, the value of the Fund’s investment in affiliated funds was $7,934,459, which represents 1.1% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended March 31, 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	$	48,629,122	$	(47,310,984	)	$	(4,837	)	$	521	$	7,934,459	$	23,763		7,937,634

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, 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	$	704,365,322	*	$	—	$	—	$	704,365,322
Short-Term Investments		—			7,934,459		—		7,934,459
Total Investments	$	704,365,322		$	7,934,459	$	—	$	712,299,781
Liability Description
Written Covered Call Options	$	(6,081,813	)	$	—	$	—	$	(6,081,813	)
Total	$	(6,081,813	)	$	—	$	—	$	(6,081,813	)

* 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.

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