Regulatory Filings • May 28, 2009
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Download Source FileN-Q 1 b75546a1nvq.htm EATON VANCE ENHANCED EQUITY INCOME FUND II nvq PAGEBREAK
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-21670
Investment Company Act File Number
Eaton Vance Enhanced Equity Income Fund II
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrants Telephone Number, Including Area Code)
December 31
Date of Fiscal Year End
March 31, 2009
Date of Reporting Period
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TABLE OF CONTENTS
| Item 2. Controls and Procedures |
| Signatures |
| Certifications |
/TOC
Table of Contents
link2 "Item 1. Schedule of Investments"
Item 1. Schedule of Investments
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Eaton Vance Enhanced Equity Income Fund II as of March 31, 2009
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks (1) 100.5%
| Security | Value | |
|---|---|---|
| Aerospace & Defense 4.6% | ||
| Alliant Techsystems, | ||
| Inc. (2) | 42,680 | $ 2,858,706 |
| General Dynamics Corp. | 83,749 | 3,483,121 |
| Lockheed Martin Corp. | 65,005 | 4,487,295 |
| Raytheon Co. | 148,130 | 5,768,182 |
| United Technologies Corp. | 170,736 | 7,338,233 |
| $ 23,935,537 | ||
| Beverages 2.6% | ||
| Coca-Cola Co. (The) | 70,659 | $ 3,105,463 |
| PepsiCo, Inc. | 202,992 | 10,450,028 |
| $ 13,555,491 | ||
| Biotechnology 2.6% | ||
| Amgen, | ||
| Inc. (2) | 129,989 | $ 6,437,055 |
| Biogen Idec, | ||
| Inc. (2) | 56,011 | 2,936,097 |
| Celgene | ||
| Corp. (2) | 30,850 | 1,369,740 |
| Genzyme | ||
| Corp. (2) | 23,391 | 1,389,192 |
| Gilead Sciences, | ||
| Inc. (2) | 30,015 | 1,390,295 |
| $ 13,522,379 | ||
| Capital Markets 0.4% | ||
| Goldman Sachs Group, Inc. | 20,188 | $ 2,140,332 |
| $ 2,140,332 | ||
| Chemicals 1.2% | ||
| Air Products and Chemicals, Inc. | 25,720 | $ 1,446,750 |
| Ecolab, Inc. | 57,960 | 2,012,951 |
| Monsanto Co. | 32,510 | 2,701,581 |
| $ 6,161,282 | ||
| Commercial Services & Supplies 1.1% | ||
| Waste Management, Inc. | 221,215 | $ 5,663,104 |
| $ 5,663,104 | ||
| Communications Equipment 6.2% | ||
| Cisco Systems, | ||
| Inc. (2) | 912,716 | $ 15,306,247 |
| QUALCOMM, Inc. | 328,735 | 12,791,079 |
| Riverbed Technology, | ||
| Inc. (2) | 318,926 | 4,171,552 |
| $ 32,268,878 | ||
| Computers & Peripherals 8.4% | ||
| Apple, | ||
| Inc. (2) | 79,080 | $ 8,312,890 |
| Hewlett-Packard Co. | 462,993 | 14,843,556 |
| International Business Machines Corp. | 209,651 | 20,313,085 |
| $ 43,469,531 |
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| Security | Value | |
|---|---|---|
| Construction & Engineering 0.7% | ||
| Fluor Corp. | 52,776 | $ 1,823,411 |
| Granite Construction, Inc. | 52,032 | 1,950,159 |
| $ 3,773,570 | ||
| Consumer Finance 0.2% | ||
| Discover Financial Services | 153,620 | $ 969,342 |
| $ 969,342 | ||
| Diversified Financial Services 0.5% | ||
| JPMorgan Chase & Co. | 87,729 | $ 2,331,837 |
| $ 2,331,837 | ||
| Diversified Telecommunication Services 0.3% | ||
| AT&T, Inc. | 71,141 | $ 1,792,753 |
| $ 1,792,753 | ||
| Electric Utilities 0.5% | ||
| E.ON AG | 53,518 | $ 1,484,273 |
| Edison International | 45,932 | 1,323,301 |
| $ 2,807,574 | ||
| Electrical Equipment 1.7% | ||
| Cooper Industries, Ltd., Class A | 68,050 | $ 1,759,773 |
| Emerson Electric Co. | 153,869 | 4,397,576 |
| Vestas Wind Systems | ||
| A/S (2) | 63,112 | 2,772,521 |
| $ 8,929,870 | ||
| Electronic Equipment, Instruments & | ||
| Components 0.7% | ||
| Agilent Technologies, | ||
| Inc. (2) | 236,812 | $ 3,639,800 |
| $ 3,639,800 | ||
| Energy Equipment & Services 0.7% | ||
| Diamond Offshore Drilling, Inc. | 53,982 | $ 3,393,309 |
| $ 3,393,309 | ||
| Food & Staples Retailing 4.2% | ||
| CVS Caremark Corp. | 105,281 | $ 2,894,175 |
| Kroger Co. (The) | 63,597 | 1,349,528 |
| Safeway, Inc. | 191,422 | 3,864,810 |
| Sysco Corp. | 69,485 | 1,584,258 |
| Wal-Mart Stores, Inc. | 233,935 | 12,188,014 |
| $ 21,880,785 | ||
| Food Products 1.8% | ||
| Nestle SA | 132,846 | $ 4,488,118 |
| Nestle SA ADR | 139,095 | 4,666,637 |
| $ 9,154,755 | ||
| Health Care Equipment & Supplies | ||
| 5.3% | ||
| Baxter International, Inc. | 84,502 | $ 4,328,192 |
| Becton, Dickinson & Co. | 22,309 | 1,500,057 |
| Boston Scientific | ||
| Corp. (2) | 285,242 | 2,267,674 |
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| Security | Value | |
|---|---|---|
| Covidien, Ltd. | 57,849 | $ 1,922,901 |
| HeartWare International, | ||
| Inc. (2) | 5,242,244 | 3,535,839 |
| Medtronic, Inc. | 66,205 | 1,951,061 |
| Thoratec | ||
| Corp. (2) | 464,272 | 11,927,148 |
| $ 27,432,872 | ||
| Health Care Providers & Services | ||
| 1.9% | ||
| Aetna, Inc. | 67,959 | $ 1,653,442 |
| DaVita, | ||
| Inc. (2) | 47,850 | 2,103,008 |
| Fresenius Medical Care AG & Co. KGaA ADR | 50,601 | 1,958,259 |
| UnitedHealth Group, Inc. | 54,242 | 1,135,285 |
| VCA Antech, | ||
| Inc. (2) | 140,429 | 3,166,674 |
| $ 10,016,668 | ||
| Hotels, Restaurants & Leisure 1.2% | ||
| McDonalds Corp. | 116,425 | $ 6,353,312 |
| $ 6,353,312 | ||
| Household Products 2.4% | ||
| Clorox Co. (The) | 30,132 | $ 1,551,195 |
| Colgate-Palmolive Co. | 133,903 | 7,897,599 |
| Procter & Gamble Co. | 65,864 | 3,101,536 |
| $ 12,550,330 | ||
| Independent Power Producers & Energy Traders | ||
| 0.9% | ||
| NRG Energy, | ||
| Inc. (2) | 267,238 | $ 4,703,389 |
| $ 4,703,389 | ||
| Industrial Conglomerates 0.8% | ||
| 3M Co. | 22,664 | $ 1,126,854 |
| General Electric Co. | 274,212 | 2,772,283 |
| $ 3,899,137 | ||
| Insurance 0.9% | ||
| ACE, Ltd. | 40,309 | $ 1,628,484 |
| Chubb Corp. | 43,165 | 1,826,743 |
| Travelers Companies, Inc. (The) | 32,420 | 1,317,549 |
| $ 4,772,776 | ||
| Internet Software & Services 3.9% | ||
| Akamai Technologies, | ||
| Inc. (2) | 134,000 | $ 2,599,600 |
| eBay, | ||
| Inc. (2) | 225,711 | 2,834,930 |
| Google, Inc., | ||
| Class A (2) | 29,974 | 10,432,750 |
| VeriSign, | ||
| Inc. (2) | 228,008 | 4,302,511 |
| $ 20,169,791 | ||
| IT Services 2.5% | ||
| Accenture, Ltd., Class A | 125,956 | $ 3,462,530 |
| MasterCard, Inc., Class A | 28,130 | 4,711,212 |
| Paychex, Inc. | 86,676 | 2,224,973 |
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| Security | Value | |
|---|---|---|
| Visa, Inc., Class A | 50,931 | $ 2,831,764 |
| $ 13,230,479 | ||
| Life Sciences Tools & Services 0.8% | ||
| Thermo Fisher Scientific, | ||
| Inc. (2) | 123,586 | $ 4,408,313 |
| $ 4,408,313 | ||
| Machinery 2.0% | ||
| Danaher Corp. | 99,690 | $ 5,405,192 |
| Illinois Tool Works, Inc. | 164,665 | 5,079,915 |
| $ 10,485,107 | ||
| Media 3.4% | ||
| Comcast Corp., Class A | 805,490 | $ 10,986,884 |
| Time Warner, Inc. | 172,324 | 3,325,847 |
| Time Warner Cable, Inc. | 43,255 | 1,072,723 |
| Vivendi SA | 85,137 | 2,251,783 |
| $ 17,637,237 | ||
| Metals & Mining 3.6% | ||
| BHP Billiton, Ltd. ADR | 107,944 | $ 4,814,302 |
| Goldcorp, Inc. | 349,766 | 11,654,203 |
| Nucor Corp. | 57,428 | 2,192,027 |
| $ 18,660,532 | ||
| Multiline Retail 0.5% | ||
| Target Corp. | 80,769 | $ 2,777,646 |
| $ 2,777,646 | ||
| Multi-Utilities 0.3% | ||
| Public Service Enterprise Group, Inc. | 56,700 | $ 1,670,949 |
| $ 1,670,949 | ||
| Oil, Gas & Consumable Fuels 7.6% | ||
| Anadarko Petroleum Corp. | 112,847 | $ 4,388,620 |
| Chevron Corp. | 75,993 | 5,109,769 |
| ConocoPhillips | 63,205 | 2,475,108 |
| Exxon Mobil Corp. | 144,130 | 9,815,253 |
| Hess Corp. | 55,149 | 2,989,076 |
| Occidental Petroleum Corp. | 100,508 | 5,593,270 |
| Southwestern Energy | ||
| Co. (2) | 34,200 | 1,015,398 |
| Total SA | 74,816 | 3,670,473 |
| XTO Energy, Inc. | 140,825 | 4,312,062 |
| $ 39,369,029 | ||
| Personal Products 1.0% | ||
| Chattem, | ||
| Inc. (2) | 94,393 | $ 5,290,728 |
| $ 5,290,728 | ||
| Pharmaceuticals 5.8% | ||
| Abbott Laboratories | 81,047 | $ 3,865,942 |
| Bristol-Myers Squibb Co. | 125,024 | 2,740,526 |
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| Security | Value | |
|---|---|---|
| Johnson & Johnson | 128,509 | $ 6,759,573 |
| Merck & Co., Inc. | 100,199 | 2,680,323 |
| Novartis AG ADR | 60,652 | 2,294,465 |
| Pfizer, Inc. | 173,112 | 2,357,785 |
| Shire PLC ADR | 90,851 | 3,265,185 |
| Teva Pharmaceutical Industries, Ltd. ADR | 89,940 | 4,051,797 |
| Wyeth | 51,575 | 2,219,788 |
| $ 30,235,384 | ||
| Semiconductors & Semiconductor | ||
| Equipment 5.0% | ||
| ASML Holding NV | 281,548 | $ 4,929,906 |
| Atheros Communications, | ||
| Inc. (2) | 208,573 | 3,057,680 |
| Broadcom Corp., | ||
| Class A (2) | 168,706 | 3,370,746 |
| Cypress Semiconductor | ||
| Corp. (2) | 600,491 | 4,065,324 |
| Intel Corp. | 200,308 | 3,014,635 |
| MEMC Electronic Materials, | ||
| Inc. (2) | 198,591 | 3,274,766 |
| NVIDIA | ||
| Corp. (2) | 159,419 | 1,571,871 |
| ON Semiconductor | ||
| Corp. (2) | 651,118 | 2,539,360 |
| $ 25,824,288 | ||
| Software 5.3% | ||
| McAfee, | ||
| Inc. (2) | 94,183 | $ 3,155,131 |
| Microsoft Corp. | 978,485 | 17,974,769 |
| Oracle | ||
| Corp. (2) | 362,037 | 6,542,009 |
| $ 27,671,909 | ||
| Specialty Retail 4.0% | ||
| Best Buy Co., Inc. | 126,957 | $ 4,819,288 |
| Home Depot, Inc. | 296,123 | 6,976,658 |
| Staples, Inc. | 373,359 | 6,761,532 |
| TJX Companies., Inc. (The) | 86,196 | 2,210,065 |
| $ 20,767,543 | ||
| Textiles, Apparel & Luxury Goods | ||
| 0.5% | ||
| Nike, Inc., Class B | 59,260 | $ 2,778,701 |
| $ 2,778,701 | ||
| Tobacco 1.8% | ||
| Philip Morris International, Inc. | 265,680 | $ 9,452,894 |
| $ 9,452,894 | ||
| Wireless Telecommunication Services 0.7% | ||
| Rogers Communications, Inc., Class B | 155,207 | $ 3,543,376 |
| $ 3,543,376 | ||
| Total Common Stocks (identified cost $686,451,619) | $ 523,092,519 |
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Short-Term Investments 4.9%
| Description | Interest — (000s omitted) | Value |
|---|---|---|
| Cash Management Portfolio, | ||
| 0.07% (3) | $ 25,616 | $ 25,616,484 |
| Total Short-Term Investments (identified cost $25,616,484) | $ 25,616,484 | |
| Total Investments 105.4% (identified cost $712,068,103) | $ 548,709,003 |
Covered Call Options Written (3.4)%
| Security | Number — of Contracts | Strike — Price | Expiration — Date | Value | |
|---|---|---|---|---|---|
| 3M Co. | 110 | $ 50.00 | 7/18/09 | $ (48,400 | ) |
| Abbott Laboratories | 360 | 55.00 | 5/16/09 | (12,600 | ) |
| Accenture, Ltd., Class A | 295 | 35.00 | 5/16/09 | (4,425 | ) |
| ACE, Ltd. | 245 | 45.00 | 5/16/09 | (31,850 | ) |
| Aetna, Inc. | 245 | 30.00 | 4/18/09 | (4,287 | ) |
| Agilent Technologies, Inc. | 1,240 | 15.00 | 5/16/09 | (186,000 | ) |
| Air Products and Chemicals, Inc. | 200 | 55.00 | 6/20/09 | (112,000 | ) |
| Alliant Techsystems, Inc. | 195 | 80.00 | 5/16/09 | (2,925 | ) |
| Amgen, Inc. | 865 | 57.50 | 4/18/09 | (12,975 | ) |
| Anadarko Petroleum Corp. | 660 | 40.00 | 5/16/09 | (217,800 | ) |
| Apple, Inc. | 295 | 100.00 | 4/18/09 | (216,825 | ) |
| ASML Holding NV | 1,600 | 17.50 | 4/18/09 | (198,400 | ) |
| AT&T, Inc. | 385 | 25.00 | 7/18/09 | (79,310 | ) |
| Atheros Communications, Inc. | 940 | 15.00 | 6/20/09 | (157,450 | ) |
| Baxter International, Inc. | 270 | 55.00 | 5/16/09 | (36,450 | ) |
| Becton, Dickinson & Co. | 80 | 65.00 | 6/20/09 | (46,400 | ) |
| Best Buy Co., Inc. | 770 | 32.50 | 6/20/09 | (539,000 | ) |
| BHP Billiton, Ltd. ADR | 575 | 40.00 | 5/16/09 | (397,325 | ) |
| Biogen Idec, Inc. | 430 | 50.00 | 4/18/09 | (163,400 | ) |
| Boston Scientific Corp. | 1,970 | 10.00 | 5/16/09 | (39,400 | ) |
| Bristol-Myers Squibb Co. | 875 | 25.00 | 6/20/09 | (37,625 | ) |
| Broadcom Corp., Class A | 745 | 19.00 | 5/16/09 | (197,425 | ) |
| Celgene Corp. | 180 | 50.00 | 7/18/09 | (51,300 | ) |
| Chattem, Inc. | 400 | 60.00 | 6/20/09 | (140,000 | ) |
| Chevron Corp. | 400 | 65.00 | 6/20/09 | (280,000 | ) |
| Chubb Corp. | 330 | 45.00 | 4/18/09 | (23,430 | ) |
| Cisco Systems, Inc. | 3,970 | 16.00 | 7/18/09 | (825,760 | ) |
| Clorox Co. (The) | 125 | 50.00 | 7/18/09 | (53,750 | ) |
| Coca-Cola Co. (The) | 265 | 42.50 | 5/16/09 | (76,320 | ) |
| Colgate-Palmolive Co. | 675 | 65.00 | 5/16/09 | (37,125 | ) |
| Comcast Corp., Class A | 4,225 | 15.00 | 7/18/09 | (464,750 | ) |
| ConocoPhillips | 270 | 50.00 | 5/16/09 | (6,750 | ) |
| Cooper Industries, Ltd., Class A | 445 | 25.00 | 7/18/09 | (157,975 | ) |
| Covidien, Ltd. | 360 | 35.00 | 7/18/09 | (81,000 | ) |
| CVS Caremark Corp. | 640 | 30.00 | 5/16/09 | (46,080 | ) |
| Cypress Semiconductor Corp. | 3,985 | 6.00 | 6/20/09 | (478,200 | ) |
| Danaher Corp. | 390 | 55.00 | 6/20/09 | (148,200 | ) |
| DaVita, Inc. | 235 | 50.00 | 4/18/09 | (4,700 | ) |
| Diamond Offshore Drilling, Inc. | 305 | 65.00 | 6/20/09 | (201,300 | ) |
| Discover Financial Services | 1,125 | 7.50 | 7/18/09 | (101,250 | ) |
| eBay, Inc. | 640 | 13.00 | 4/18/09 | (22,400 | ) |
| Ecolab, Inc. | 160 | 35.00 | 4/18/09 | (15,200 | ) |
| Edison International | 155 | 30.00 | 7/18/09 | (31,775 | ) |
| Emerson Electric Co. | 720 | 30.00 | 6/20/09 | (151,200 | ) |
| Exxon Mobil Corp. | 870 | 70.00 | 7/18/09 | (408,900 | ) |
| Fluor Corp. | 350 | 40.00 | 4/18/09 | (15,750 | ) |
| General Dynamics Corp. | 255 | 40.00 | 5/16/09 | (87,975 | ) |
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| Security | Number — of Contracts | Strike — Price | Expiration — Date | Value | |
|---|---|---|---|---|---|
| General Electric Co. | 1,270 | $ 12.00 | 6/20/09 | $ (83,820 | ) |
| Genzyme Corp. | 175 | 60.00 | 7/18/09 | (106,925 | ) |
| Gilead Sciences, Inc. | 215 | 50.00 | 5/16/09 | (32,895 | ) |
| Goldman Sachs Group, Inc. | 70 | 95.00 | 4/18/09 | (102,200 | ) |
| Google, Inc., Class A | 130 | 330.00 | 6/20/09 | (519,090 | ) |
| Granite Construction, Inc. | 310 | 40.00 | 6/20/09 | (99,200 | ) |
| Hess Corp. | 400 | 55.00 | 5/16/09 | (200,000 | ) |
| Hewlett-Packard Co. | 1,840 | 32.50 | 5/16/09 | (377,200 | ) |
| Home Depot, Inc. | 925 | 22.50 | 5/16/09 | (203,500 | ) |
| Illinois Tool Works, Inc. | 680 | 30.00 | 6/20/09 | (244,800 | ) |
| Intel Corp. | 1,030 | 15.00 | 4/18/09 | (77,250 | ) |
| International Business Machines Corp. | 540 | 90.00 | 4/18/09 | (459,000 | ) |
| Johnson & Johnson | 820 | 55.00 | 7/18/09 | (176,300 | ) |
| JPMorgan Chase & Co. | 360 | 22.50 | 6/20/09 | (245,160 | ) |
| Kroger Co. (The) | 455 | 22.50 | 7/18/09 | (56,875 | ) |
| Lockheed Martin Corp. | 300 | 70.00 | 6/20/09 | (166,500 | ) |
| MasterCard, Inc., Class A | 105 | 160.00 | 4/18/09 | (114,450 | ) |
| McAfee, Inc. | 941 | 35.00 | 6/20/09 | (225,840 | ) |
| McDonalds Corp. | 555 | 55.00 | 6/20/09 | (177,600 | ) |
| Medtronic, Inc. | 110 | 35.00 | 5/16/09 | (4,400 | ) |
| MEMC Electronic Materials, Inc. | 865 | 17.50 | 4/18/09 | (83,905 | ) |
| Merck & Co., Inc. | 635 | 27.50 | 7/18/09 | (152,400 | ) |
| Microsoft Corp. | 5,115 | 17.00 | 7/18/09 | (1,406,625 | ) |
| Monsanto Co. | 135 | 75.00 | 4/18/09 | (136,350 | ) |
| Novartis AG ADR | 330 | 45.00 | 7/18/09 | (18,150 | ) |
| Nucor Corp. | 155 | 42.50 | 4/18/09 | (16,275 | ) |
| NVIDIA Corp. | 865 | 10.00 | 6/20/09 | (125,425 | ) |
| Occidental Petroleum Corp. | 560 | 55.00 | 5/16/09 | (341,600 | ) |
| ON Semiconductor Corp. | 4,115 | 5.00 | 4/18/09 | (20,575 | ) |
| Oracle Corp. | 2,655 | 18.00 | 6/20/09 | (384,975 | ) |
| Paychex, Inc. | 335 | 25.00 | 6/20/09 | (70,350 | ) |
| PepsiCo, Inc. | 885 | 50.00 | 7/18/09 | (376,125 | ) |
| Pfizer, Inc. | 1,010 | 15.00 | 6/20/09 | (43,430 | ) |
| Philip Morris International, Inc. | 1,030 | 40.00 | 6/20/09 | (82,400 | ) |
| Procter & Gamble Co. | 195 | 50.00 | 7/18/09 | (40,950 | ) |
| Public Service Enterprise Group, Inc. | 210 | 30.00 | 6/20/09 | (41,475 | ) |
| QUALCOMM, Inc. | 1,265 | 37.50 | 4/18/09 | (277,035 | ) |
| Raytheon Co. | 355 | 35.00 | 5/16/09 | (159,750 | ) |
| Riverbed Technology, Inc. | 3,189 | 15.00 | 6/20/09 | (350,790 | ) |
| Safeway, Inc. | 790 | 20.00 | 6/20/09 | (161,950 | ) |
| Shire PLC ADR | 340 | 37.50 | 7/18/09 | (98,600 | ) |
| Southwestern Energy Co. | 342 | 35.00 | 6/20/09 | (66,690 | ) |
| Staples, Inc. | 2,725 | 17.50 | 6/20/09 | (592,688 | ) |
| Teva Pharmaceutical Industries, Ltd. ADR | 555 | 45.00 | 6/20/09 | (137,085 | ) |
| Thermo Fisher Scientific, Inc. | 370 | 35.00 | 6/20/09 | (125,800 | ) |
| Time Warner, Inc. | 3,040 | 9.00 | 7/18/09 | (281,200 | ) |
| Total SA | 425 | 50.00 | 5/16/09 | (121,125 | ) |
| Travelers Companies, Inc. (The) | 190 | 40.00 | 4/18/09 | (38,000 | ) |
| United Technologies Corp. | 1,155 | 45.00 | 5/16/09 | (242,550 | ) |
| UnitedHealth Group, Inc. | 375 | 22.00 | 6/20/09 | (80,625 | ) |
| VCA Antech, Inc. | 430 | 20.00 | 6/20/09 | (154,800 | ) |
| VeriSign, Inc. | 1,500 | 20.00 | 6/20/09 | (255,000 | ) |
| Wal-Mart Stores, Inc. | 1,575 | 50.00 | 6/20/09 | (694,575 | ) |
| Waste Management, Inc. | 675 | 25.00 | 7/18/09 | (162,000 | ) |
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| Security | Number — of Contracts | Strike — Price | Expiration — Date | Value | |
|---|---|---|---|---|---|
| Wyeth | 385 | $ 42.50 | 4/18/09 | $ (40,425 | ) |
| XTO Energy, Inc. | 610 | 35.00 | 5/16/09 | (73,200 | ) |
| Total Covered Call Options Written (premiums received $15,917,746) | $ (17,781,265 | ) | |||
| Other Assets, Less Liabilities (2.0)% | $ (10,594,779 | ) | |||
| Net Assets 100.0% | $ 520,332,959 |
| ADR | American Depository Receipt |
|---|---|
| (1) | A portion of each applicable common stock for which a written |
| call option is outstanding at March 31, 2009 has been | |
| segregated 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, 2009. Net income allocated from the | |
| investment in Cash Management Portfolio for the fiscal year to | |
| date ended March 31, 2009 was $18,766. |
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The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2009, as determined on a federal income tax basis, were as follows:
| Aggregate cost | $ | |
|---|---|---|
| Gross unrealized appreciation | $ 8,171,400 | |
| Gross unrealized depreciation | (173,362,460 | ) |
| Net unrealized depreciation | $ (165,191,060 | ) |
Written call options activity for the fiscal year to date ended March 31, 2009 was as follows:
| Contracts | Received | |||
|---|---|---|---|---|
| Outstanding, beginning of period | 51,860 | $ | 16,573,309 | |
| Options written | 113,530 | 21,877,546 | ||
| Options terminated in closing purchase transactions | (79,948 | ) | (22,533,109 | ) |
| Outstanding, end of period | 85,442 | $ | 15,917,746 |
At March 31, 2009, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
The Fund is subject to equity price risk in the normal course of pursuing its investment objective. The Fund generally intends to write 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, 2009, the aggregate fair value of derivative instruments in a liability position and whose primary underlying risk exposure is equity price risk was $17,781,265.
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements, established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, 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 funds own assumptions in determining the fair
value of investments) |
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, 2009, the inputs used in valuing the Funds investments, which are carried at value, were as follows:
| Valuation Inputs | Investments in — Securities | Other Financial — Instruments* | ||
|---|---|---|---|---|
| Level 1 | Quoted Prices | $ 537,712,308 | $ (17,781,265 | ) |
| Level 2 | Other Significant Observable Inputs | 10,996,695 | | |
| Level 3 | Significant Unobservable Inputs | | | |
| Total | $ 548,709,003 | $ (17,781,265 | ) |
The Fund held no investments or other financial instruments as of December 31, 2008 whose fair value was determined using Level 3 inputs.
Exchange-traded options are valued at the last sale price for the day of valuation as quoted on any exchange on which the option is listed or, in the absence of sales on such date, at the mean between the closing bid and asked prices therefore as reported by the Options Price Reporting Authority. Over-the-counter options are valued based on broker quotations, when available and deemed reliable.
For additional information on the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements included in its semiannual or annual report to shareholders.
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BEGIN PAGE WIDTH link2 "Item 2. Controls and Procedures"
Item 2. Controls and Procedures
(a) It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commissions rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrants internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrants internal control over financial reporting.
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BEGIN PAGE WIDTH link1 "Signatures"
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Eaton Vance Enhanced Equity Income Fund II
| By: | /s/ Duncan W. Richardson |
|---|---|
| Duncan W. Richardson | |
| President | |
| Date: | May 20, 2009 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Duncan W. Richardson |
|---|---|
| Duncan W. Richardson | |
| President | |
| Date: | May 20, 2009 |
| By: | /s/ Barbara E. Campbell |
|---|---|
| Barbara E. Campbell | |
| Treasurer | |
| Date: | May 20, 2009 |
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