Microsoft Corp.

Apple, Inc.

Amazon.com, Inc.

Alphabet, Inc., Class A

Facebook, Inc., Class A

Alphabet, Inc., Class C

Comcast Corp., Class A

Intel Corp.

Cisco Systems, Inc.

Texas Instruments, Inc.

Total

The views expressed in this report are those of the portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance and the Fund(s) disclaim any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as “forward looking statements.” The Fund’s actual future results may differ significantly from those stated in any forward looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund’s filings with the Securities and Exchange Commission.

Dow Jones Industrial Average^® is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. S&P 500^® Index is an unmanaged index of large-cap stocks commonly used as a measure of U.S. stock market performance. Russell 2000^® Index is an unmanaged index of 2,000 U.S. small-cap stocks. NASDAQ Composite Index is a market capitalization-weighted index of all domestic and international securities listed on NASDAQ. NASDAQ–100^® Index includes 100 of the largest domestic and international securities (by market cap), excluding financials, listed on NASDAQ. Source: Nasdaq, Inc. The information is provided by Nasdaq (with its affiliates, are referred to as the “Corporations”) and Nasdaq’s third party licensors on an “as is” basis and the Corporations make no guarantees and bear no liability of any kind with respect to the information or the Fund. Cboe S&P 500 BuyWrite Index^SM measures the performance of a hypothetical buy-write strategy on the S&P 500^® Index. Cboe NASDAQ–100 BuyWrite Index^SM measures the performance of a theoretical portfolio that owns stocks included in the NASDAQ–100^® Index and writes (sells) NASDAQ–100^® Index covered call options. Cboe Volatility Index^® tracks the implied volatilities of a wide range of S&P 500^® Index options. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable.

The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend.

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our website, eatonvance. com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. In recent years, a significant portion of the Fund’s distributions has been characterized as a return of capital. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

Depictions do not reflect the Fund’s option positions. Excludes cash and cash equivalents.

Fund snapshot and profile subject to change due to active management.

Boeing Co. (The)⁽¹⁾

Harris Corp.⁽¹⁾

Northrop Grumman Corp.⁽¹⁾

Raytheon Co.

Textron, Inc.⁽¹⁾

United Technologies Corp.

Alaska Air Group, Inc.⁽¹⁾

Southwest Airlines Co.⁽¹⁾

United Continental Holdings, Inc.⁽¹⁾⁽²⁾

Garrett Motion, Inc.⁽²⁾

Ford Motor Co.⁽¹⁾

General Motors Co.

Tesla, Inc.⁽²⁾

Bank of America Corp.⁽¹⁾

Citizens Financial Group, Inc.

Fifth Third Bancorp⁽¹⁾

Huntington Bancshares, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

KeyCorp⁽¹⁾

M&T Bank Corp.⁽¹⁾

Regions Financial Corp.⁽¹⁾

SunTrust Banks, Inc.⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Zions Bancorp NA⁽¹⁾

Coca-Cola Co. (The)⁽¹⁾

Molson Coors Brewing Co., Class B⁽¹⁾

PepsiCo, Inc.⁽¹⁾

AbbVie, Inc.

Amgen, Inc.⁽¹⁾

Biogen, Inc.⁽¹⁾⁽²⁾

Celgene Corp.⁽¹⁾⁽²⁾

Gilead Sciences, Inc.⁽¹⁾

Allegion PLC⁽¹⁾

Johnson Controls International PLC

Resideo Technologies, Inc.⁽²⁾

CME Group, Inc.⁽¹⁾

Goldman Sachs Group, Inc. (The)⁽¹⁾

Invesco, Ltd.

Moody’s Corp.⁽¹⁾

Morgan Stanley⁽¹⁾

S&P Global, Inc.⁽¹⁾

State Street Corp.

T. Rowe Price Group, Inc.⁽¹⁾

AdvanSix, Inc.⁽²⁾

Air Products and Chemicals, Inc.⁽¹⁾

DowDuPont, Inc.⁽¹⁾

PPG Industries, Inc.⁽¹⁾

Copart, Inc.⁽¹⁾⁽²⁾

Waste Management, Inc.

Arista Networks, Inc.⁽²⁾

Cisco Systems, Inc.⁽¹⁾

American Express Co.⁽¹⁾

Capital One Financial Corp.⁽¹⁾

Discover Financial Services⁽¹⁾

WestRock Co.⁽¹⁾

Genuine Parts Co.

Berkshire Hathaway, Inc., Class B⁽¹⁾⁽²⁾

AT&T, Inc.⁽¹⁾

CenturyLink, Inc.⁽¹⁾

Verizon Communications, Inc.⁽¹⁾

American Electric Power Co., Inc.

Edison International⁽¹⁾

Evergy, Inc.

NextEra Energy, Inc.⁽¹⁾

Apergy Corp.⁽²⁾

Halliburton Co.⁽¹⁾

Netflix, Inc.⁽¹⁾⁽²⁾

Walt Disney Co. (The)⁽¹⁾

American Tower Corp.⁽¹⁾

Apartment Investment & Management Co., Class A⁽¹⁾

Digital Realty Trust, Inc.⁽¹⁾

Host Hotels & Resorts, Inc.

ProLogis, Inc.

Simon Property Group, Inc.⁽¹⁾

Kroger Co. (The)⁽¹⁾

Sysco Corp.⁽¹⁾

Walmart, Inc.⁽¹⁾

Hershey Co. (The)⁽¹⁾

Hormel Foods Corp.⁽¹⁾

Lamb Weston Holdings, Inc.⁽¹⁾

Mondelez International, Inc., Class A⁽¹⁾

Tyson Foods, Inc., Class A⁽¹⁾

Abbott Laboratories⁽¹⁾

Baxter International, Inc.⁽¹⁾

Edwards Lifesciences Corp.⁽¹⁾⁽²⁾

Intuitive Surgical, Inc.⁽¹⁾⁽²⁾

Stryker Corp.⁽¹⁾

Cigna Corp.⁽²⁾

CVS Health Corp.⁽¹⁾

DaVita, Inc.⁽¹⁾⁽²⁾

HCA Healthcare, Inc.

McKesson Corp.⁽¹⁾

UnitedHealth Group, Inc.⁽¹⁾

Darden Restaurants, Inc.

Marriott International, Inc., Class A⁽¹⁾

Marriott Vacations Worldwide Corp.

McDonald’s Corp.⁽¹⁾

Yum! Brands, Inc.⁽¹⁾

Whirlpool Corp.

Clorox Co. (The)⁽¹⁾

Colgate-Palmolive Co.

Procter & Gamble Co. (The)⁽¹⁾

NRG Energy, Inc.⁽¹⁾

3M Co.⁽¹⁾

Honeywell International, Inc.⁽¹⁾

Chubb, Ltd.⁽¹⁾

Marsh & McLennan Cos., Inc.

Prudential Financial, Inc.⁽¹⁾

Travelers Cos., Inc. (The)⁽¹⁾

Unum Group⁽¹⁾

Alphabet, Inc., Class A⁽¹⁾⁽²⁾

Alphabet, Inc., Class C⁽¹⁾⁽²⁾

Facebook, Inc., Class A⁽¹⁾⁽²⁾

TripAdvisor, Inc.⁽¹⁾⁽²⁾

Amazon.com, Inc.⁽¹⁾⁽²⁾

Alliance Data Systems Corp.⁽¹⁾

Cognizant Technology Solutions Corp., Class A⁽¹⁾

DXC Technology Co.⁽¹⁾

Fidelity National Information Services, Inc.⁽¹⁾

Mastercard, Inc., Class A⁽¹⁾

Perspecta, Inc.

VeriSign, Inc.⁽¹⁾⁽²⁾

Visa, Inc., Class A⁽¹⁾

Agilent Technologies, Inc.⁽¹⁾

PerkinElmer, Inc.⁽¹⁾

Caterpillar, Inc.⁽¹⁾

Dover Corp.⁽¹⁾

Ingersoll-Rand PLC⁽¹⁾

Parker-Hannifin Corp.⁽¹⁾

Stanley Black & Decker, Inc.⁽¹⁾

CBS Corp., Class B⁽¹⁾

Comcast Corp., Class A⁽¹⁾

Newmont Mining Corp.⁽¹⁾

Nucor Corp.⁽¹⁾

CMS Energy Corp.⁽¹⁾

SCANA Corp.⁽¹⁾⁽²⁾

Macy’s, Inc.⁽¹⁾

Nordstrom, Inc.⁽¹⁾

Target Corp.⁽¹⁾

Chevron Corp.⁽¹⁾

Concho Resources, Inc.⁽¹⁾⁽²⁾

ConocoPhillips⁽¹⁾

EOG Resources, Inc.⁽¹⁾

Exxon Mobil Corp.⁽¹⁾

Murphy Oil Corp.⁽¹⁾

Phillips 66⁽¹⁾

Pioneer Natural Resources Co.⁽¹⁾

Williams Cos., Inc. (The)⁽¹⁾

Estee Lauder Cos., Inc. (The), Class A⁽¹⁾

Bristol-Myers Squibb Co.⁽¹⁾

Eli Lilly & Co.⁽¹⁾

Johnson & Johnson⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Pfizer, Inc.⁽¹⁾

Equifax, Inc.⁽¹⁾

Robert Half International, Inc.⁽¹⁾

CBRE Group, Inc., Class A⁽¹⁾⁽²⁾

Kansas City Southern

Norfolk Southern Corp.⁽¹⁾

Ryder System, Inc.⁽¹⁾

Union Pacific Corp.⁽¹⁾

Advanced Micro Devices, Inc.⁽¹⁾⁽²⁾

Analog Devices, Inc.⁽¹⁾

ASML Holding NV - NY Shares⁽¹⁾

Cypress Semiconductor Corp.

Intel Corp.⁽¹⁾

Microchip Technology, Inc.⁽¹⁾

Micron Technology, Inc.⁽¹⁾⁽²⁾

NXP Semiconductors NV

ON Semiconductor Corp.⁽¹⁾⁽²⁾

Qorvo, Inc.⁽¹⁾⁽²⁾

QUALCOMM, Inc.⁽¹⁾

Texas Instruments, Inc.⁽¹⁾

Versum Materials, Inc.

Xperi Corp.

ANSYS, Inc.⁽¹⁾⁽²⁾

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Red Hat, Inc.⁽¹⁾⁽²⁾

salesforce.com, Inc.⁽¹⁾⁽²⁾

Advance Auto Parts, Inc.⁽¹⁾

Best Buy Co., Inc.⁽¹⁾

Home Depot, Inc. (The)⁽¹⁾

Tiffany & Co.⁽¹⁾

TJX Cos., Inc. (The)