Eaton Vance Municipal Bond Fund II

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21219

Investment Company Act File Number

Eaton Vance Municipal Bond 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

(Registrant’s Telephone Number, Including Area Code)

September 30

Date of Fiscal Year End

June 30, 2015

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance

Municipal Bond Fund II

June 30, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Tax-Exempt Investments — 160.0%

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Education — 10.3%

      

Connecticut Health and Educational Facilities Authority, (Wesleyan University),
5.00%, 7/1/39(1)

    $ 2,200       $ 2,484,768   

Houston Higher Education Finance Corp., TX, (St. John’s School), 5.25%, 9/1/33

      565         617,076   

Houston Higher Education Finance Corp., TX, (William Marsh Rice University),
5.00%, 5/15/35

      1,745         1,970,140   

Massachusetts Development Finance Agency, (Northeastern University), 5.25%, 3/1/37

      1,650         1,857,669   

Massachusetts Health and Educational Facilities Authority, (Harvard University),
5.50%, 11/15/36

      2,710         3,087,151   

New York Dormitory Authority, (Rockefeller University), 5.00%, 7/1/40(1)

      1,500         1,679,340   

North Carolina Capital Facilities Finance Agency, (Duke University), 5.00%, 10/1/38(1)

      500         557,270   

University of Virginia, 5.00%, 6/1/40

      1,500         1,646,955   
     

 

 

  
      $ 13,900,369   
     

 

 

  

Electric Utilities — 3.4%

      

Energy Northwest, WA, (Columbia Generating Station), 5.00%, 7/1/40

    $ 330       $ 370,108   

Pima County, AZ, Industrial Development Authority, (Tucson Electric Power Co.), 5.25%, 10/1/40

      1,300         1,428,505   

South Carolina Public Service Authority, 5.50%, 1/1/38

      1,310         1,468,615   

Unified Government of Wyandotte County/Kansas City, KS, Board of Public Utilities, 5.00%, 9/1/36

      685         744,704   

Utility Debt Securitization Authority, NY, 5.00%, 12/15/35

      500         571,400   
     

 

 

  
      $ 4,583,332   
     

 

 

  

Escrowed/Prerefunded — 0.9%

      

South Carolina Public Service Authority, Prerefunded to 1/1/19, 5.50%, 1/1/38

    $ 110       $ 126,035   

Tennessee School Bond Authority, Prerefunded to 5/1/18, 5.50%, 5/1/38

      1,000         1,125,870   
     

 

 

  
      $ 1,251,905   
     

 

 

  

General Obligations — 21.4%

      

California, 5.00%, 12/1/30

    $ 610       $ 701,634   

California, 5.00%, 10/1/33

      2,150         2,455,859   

Chicago Park District, IL, (Harbor Facilities), 5.25%, 1/1/37(1)

      1,680         1,717,817   

Clark County, NV, 5.00%, 7/1/33

      500         559,965   

Delaware Valley, PA, Regional Finance Authority, 5.75%, 7/1/32

      2,500         2,981,050   

Hawaii, 5.00%, 12/1/29

      2,500         2,857,675   

Hawaii, 5.00%, 12/1/30

      1,000         1,142,810   

Kane, Cook and DuPage Counties, IL, School District No. 46, 5.00%, 1/1/33

      2,000         2,203,520   

Mississippi, 5.00%, 10/1/36(1)

      1,725         1,935,329   

New York, 5.00%, 2/15/34(1)

      2,750         3,088,470   

New York, NY, 5.00%, 8/1/31

      2,000         2,256,300   

Oregon, 5.00%, 8/1/36

      1,000         1,113,830   

Washington, 5.00%, 2/1/35(1)

      5,250         5,937,593   
     

 

 

  
      $ 28,951,852   
     

 

 

  

Hospital — 4.0%

      

Hawaii Department of Budget and Finance, (Hawaii Pacific Health), 5.50%, 7/1/38

    $ 360       $ 409,205   

Highlands County, FL, Health Facilities Authority, (Adventist Health System),
5.25%, 11/15/36

      1,285         1,360,841   

 

1

 

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Knox County, TN, Health, Educational and Housing Facilities Board, (Covenant Health), 0.00%, 1/1/38

    $ 1,120       $ 350,571   

Knox County, TN, Health, Educational and Housing Facilities Board, (Covenant Health), 0.00%, 1/1/39

      3,000         885,990   

New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), 5.25%, 7/1/35

      615         687,509   

Ohio Higher Educational Facility Commission, (Cleveland Clinic Health System),
5.00%, 1/1/32

      1,550         1,726,095   
     

 

 

  
      $ 5,420,211   
     

 

 

  

Industrial Development Revenue — 0.5%

      

Maricopa County Pollution Control Corp., AZ, (El Paso Electric Co.), 4.50%, 8/1/42

    $ 595       $ 602,544   
     

 

 

  
      $ 602,544   
     

 

 

  

Insured-Education — 4.4%

      

Miami-Dade County, FL, Educational Facilities Authority, (University of Miami), (AMBAC), (BHAC), 5.00%, 4/1/31

    $ 1,555       $ 1,647,585   

University of South Alabama, (BHAC), 5.00%, 8/1/38

      3,900         4,255,056   
     

 

 

  
      $ 5,902,641   
     

 

 

  

Insured-Electric Utilities — 7.3%

      

Chelan County, WA, Public Utility District No. 1, (Columbia River), (NPFG),
0.00%, 6/1/23

    $ 6,335       $ 5,150,925   

Louisiana Energy and Power Authority, (AGM), 5.25%, 6/1/38

      735         828,147   

Mississippi Development Bank, (Municipal Energy), (XLCA), 5.00%, 3/1/41

      2,205         2,224,117   

South Carolina Public Service Authority, (BHAC), 5.50%, 1/1/38

      1,465         1,642,382   
     

 

 

  
      $ 9,845,571   
     

 

 

  

Insured-Escrowed/Prerefunded — 6.4%

      

American Municipal Power-Ohio, Inc., OH, (Prairie State Energy Campus), (AGC), Prerefunded to 2/15/19, 5.75%, 2/15/39

    $ 1,000       $ 1,159,760   

Bossier City, LA, Utilities Revenue, (BHAC), Prerefunded to 10/1/18, 5.25%, 10/1/26

      670         758,701   

Bossier City, LA, Utilities Revenue, (BHAC), Prerefunded to 10/1/18, 5.25%, 10/1/27

      420         475,604   

Bossier City, LA, Utilities Revenue, (BHAC), Prerefunded to 10/1/18, 5.50%, 10/1/38

      660         752,638   

Highlands County, FL, Health Facilities Authority, (Adventist Health System), (NPFG), Prerefunded to 11/16/15, 5.00%, 11/15/35

      1,490         1,516,403   

New Jersey Economic Development Authority, (School Facilities Construction), (AGC), Prerefunded to 12/15/18, 5.50%, 12/15/34

      565         649,242   

Philadelphia, PA, (AGC), Prerefunded to 7/15/16, 7.00%, 7/15/28

      1,250         1,335,962   

South Carolina Public Service Authority, (BHAC), Prerefunded to 1/1/19, 5.50%, 1/1/38

      130         148,950   

Washington Health Care Facilities Authority, (MultiCare Health System), (AGC), Prerefunded to 8/15/19, 6.00%, 8/15/39

      1,545         1,834,363   
     

 

 

  
      $ 8,631,623   
     

 

 

  

Insured-General Obligations — 6.4%

      

Cincinnati, OH, City School District, (AGM), (FGIC), 5.25%, 12/1/30

    $ 750       $ 929,738   

Coast Community College District, CA, (Election of 2002), (AGM), 0.00%, 8/1/33

      12,000         4,629,600   

Palm Springs, CA, Unified School District, (Election of 2008), (AGC), 5.00%, 8/1/33

      2,750         3,073,152   
     

 

 

  
      $ 8,632,490   
     

 

 

  

Insured-Hospital — 14.0%

      

Arizona Health Facilities Authority, (Banner Health), (BHAC), 5.375%, 1/1/32

    $ 1,750       $ 1,863,435   

California Statewide Communities Development Authority, (Sutter Health), (AGM), 5.05%, 8/15/38(1)

      1,500         1,593,795   

Colorado Health Facilities Authority, (Catholic Health), (AGM), 5.10%, 10/1/41(1)

      2,200         2,318,866   

Illinois Finance Authority, (Children’s Memorial Hospital), (AGC), 5.25%, 8/15/47(1)

      2,500         2,658,200   

Indiana Health and Educational Facility Finance Authority, (Sisters of St. Francis Health Services), (AGM), 5.25%, 5/15/41

      1,750         1,855,717   

 

2

 

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Indiana Health and Educational Facility Finance Authority, (Sisters of St. Francis Health Services), (AGM), 5.25%, 5/15/41(1)

    $ 750       $ 795,308   

Maricopa County, AZ, Industrial Development Authority, (Catholic Healthcare West), (BHAC), 5.25%, 7/1/32

      2,090         2,236,133   

New Jersey Health Care Facilities Financing Authority, (Meridian Health System),
Series V, (AGC), 5.00%, 7/1/38(1)

      500         528,955   

New Jersey Health Care Facilities Financing Authority, (Virtua Health), (AGC),
5.50%, 7/1/38

      2,245         2,475,696   

Washington Health Care Facilities Authority, (Providence Health Care), (AGM),
5.25%, 10/1/33

      2,300         2,545,364   
     

 

 

  
      $ 18,871,469   
     

 

 

  

Insured-Industrial Development Revenue — 1.1%

      

Pennsylvania Economic Development Financing Authority, (Aqua Pennsylvania, Inc.), (BHAC), 5.00%, 10/1/39

    $ 1,340       $ 1,507,004   
     

 

 

  
      $ 1,507,004   
     

 

 

  

Insured-Lease Revenue/Certificates of Participation — 5.0%

      

Essex County Improvement Authority, NJ, (NPFG), 5.50%, 10/1/30

    $ 1,000       $ 1,266,090   

New Jersey Economic Development Authority, (School Facilities Construction), (AGC), 5.50%, 12/15/34

      310         348,130   

San Diego County, CA, Water Authority, Certificates of Participation, (AGM),
5.00%, 5/1/38(1)

      3,250         3,558,652   

Tri-Creek Middle School Building Corp., IN, (AGM), 5.25%, 1/15/34(1)

      1,500         1,625,130   
     

 

 

  
      $ 6,798,002   
     

 

 

  

Insured-Other Revenue — 1.6%

      

Harris County-Houston Sports Authority, TX, (AGM), (NPFG), 0.00%, 11/15/34

    $ 2,540       $ 1,026,592   

New York, NY, Industrial Development Agency, (Yankee Stadium), (AGC),
7.00%, 3/1/49

      1,000         1,183,370   
     

 

 

  
      $ 2,209,962   
     

 

 

  

Insured-Solid Waste — 1.0%

      

Palm Beach County, FL, Solid Waste Authority, (BHAC), 5.00%, 10/1/24

    $ 740       $ 844,754   

Palm Beach County, FL, Solid Waste Authority, (BHAC), 5.00%, 10/1/26

      425         481,432   
     

 

 

  
      $ 1,326,186   
     

 

 

  

Insured-Special Tax Revenue — 5.0%

      

Miami-Dade County, FL, Professional Sports Franchise Facilities, (AGC),
7.00%, (0.00% until 10/1/19), 10/1/39

    $ 3,000       $ 3,091,980   

Pennsylvania Turnpike Commission, (AGM), 5.25%, 7/15/30

      2,540         3,056,357   

Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45

      4,440         581,018   
     

 

 

  
      $ 6,729,355   
     

 

 

  

Insured-Student Loan — 0.9%

      

Maine Educational Loan Authority, (AGC), 5.625%, 12/1/27

    $ 1,115       $ 1,227,894   
     

 

 

  
      $ 1,227,894   
     

 

 

  

Insured-Transportation — 20.0%

      

Chicago, IL, (O’Hare International Airport), (AGM), 5.00%, 1/1/29

    $ 260       $ 289,346   

Chicago, IL, (O’Hare International Airport), (AGM), 5.125%, 1/1/30

      400         446,900   

Chicago, IL, (O’Hare International Airport), (AGM), 5.125%, 1/1/31

      180         200,725   

Chicago, IL, (O’Hare International Airport), (AGM), 5.25%, 1/1/32

      100         112,020   

Clark County, NV, (Las Vegas-McCarran International Airport), (AGM), 5.25%, 7/1/39

      1,585         1,764,818   

E-470 Public Highway Authority, CO, (NPFG), 0.00%, 9/1/22

      7,800         6,427,200   

Manchester, NH, (Manchester-Boston Regional Airport), (AGM), 5.125%, 1/1/30

      1,305         1,380,299   

Maryland Transportation Authority, (AGM), 5.00%, 7/1/41(1)

      10,000         10,945,200   

Metropolitan Washington, D.C., Airports Authority, (BHAC), 5.00%, 10/1/24

      1,000         1,134,490   

Metropolitan Washington, D.C., Airports Authority, (BHAC), 5.00%, 10/1/29

      535         604,657   

 

3

 

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

New Jersey Transportation Trust Fund Authority, (AGC), 5.50%, 12/15/38

    $ 1,040       $ 1,149,127   

North Carolina Turnpike Authority, (Triangle Expressway System), (AGC), 5.50%, 1/1/29

      255         283,583   

North Carolina Turnpike Authority, (Triangle Expressway System), (AGC), 5.75%, 1/1/39

      290         323,176   

North Texas Tollway Authority, (BHAC), 5.75%, 1/1/48

      1,750         1,926,575   
     

 

 

  
      $ 26,988,116   
     

 

 

  

Insured-Water and Sewer — 7.2%

      

Chicago, IL, Wastewater Transmission Revenue, (BHAC), 5.50%, 1/1/38

    $ 1,635       $ 1,761,533   

Detroit, MI, Water Supply System, (NPFG), 5.00%, 7/1/34

      205         205,664   

District of Columbia Water and Sewer Authority, (AGC), 5.00%, 10/1/34(1)

      1,250         1,366,350   

Houston, TX, Utility System, (AGM), (BHAC), 5.00%, 11/15/33

      435         471,570   

Massachusetts Water Resources Authority, (AGM), 5.25%, 8/1/35

      1,000         1,244,300   

Michigan Finance Authority, (Detroit Water and Sewerage Department), (AGM),
5.00%, 7/1/32

      230         251,611   

Michigan Finance Authority, (Detroit Water and Sewerage Department), (AGM),
5.00%, 7/1/33

      195         212,544   

Michigan Finance Authority, (Detroit Water and Sewerage Department), (AGM),
5.00%, 7/1/35

      240         260,071   

Michigan Finance Authority, (Detroit Water and Sewerage Department), (AGM),
5.00%, 7/1/37

      195         210,386   

New York, NY, Municipal Water Finance Authority, (BHAC), 5.75%, 6/15/40

      2,205         2,478,640   

Pearland, TX, Waterworks and Sewer Systems, (NPFG), 3.50%, 9/1/31

      1,220         1,220,976   
     

 

 

  
      $ 9,683,645   
     

 

 

  

Lease Revenue/Certificates of Participation — 10.7%

      

New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), 5.75%, 10/1/31

    $ 2,235       $ 2,470,100   

North Carolina, Capital Improvement Limited Obligation Bonds, 5.00%, 5/1/30

      5,000         5,724,100   

North Carolina, Limited Obligation Bonds, 5.00%, 5/1/26(1)

      5,250         6,255,690   
     

 

 

  
      $ 14,449,890   
     

 

 

  

Other Revenue — 1.3%

      

Oregon Department of Administrative Services, Lottery Revenue, 5.25%, 4/1/30

    $ 1,300       $ 1,490,398   

Texas Municipal Gas Acquisition and Supply Corp. III, Gas Supply Revenue,
5.00%, 12/15/30

      260         280,795   
     

 

 

  
      $ 1,771,193   
     

 

 

  

Senior Living/Life Care — 0.2%

      

Maryland Health and Higher Educational Facilities Authority, (Charlestown Community, Inc.), 6.125%, 1/1/30

    $ 235       $ 259,997   
     

 

 

  
      $ 259,997   
     

 

 

  

Special Tax Revenue — 7.9%

      

Dallas Area Rapid Transit, TX, Sales Tax Revenue, 5.00%, 12/1/35

    $ 405       $ 461,396   

Dallas Area Rapid Transit, TX, Sales Tax Revenue, 5.00%, 12/1/36

      215         244,193   

Homewood, AL, City Board of Education, 5.00%, 4/1/32

      1,880         2,074,787   

Massachusetts Bay Transportation Authority, Sales Tax Revenue, 5.25%, 7/1/33

      750         941,475   

New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/34

      465         525,994   

New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/35

      1,710         1,923,066   

New York, NY, Transitional Finance Authority, Future Tax Revenue, 5.50%, 11/1/35(1)(2)

      3,800         4,480,352   
     

 

 

  
      $ 10,651,263   
     

 

 

  

Transportation — 13.3%

      

Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport), 5.25%, 11/1/30

    $ 640       $ 736,819   

Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport), 5.25%, 11/1/31

      990         1,137,421   

Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/35

      1,715         1,888,301   

Los Angeles, CA, Department of Airports, (Los Angeles International Airport),
5.25%, 5/15/28

      465         539,712   

Metropolitan Transportation Authority, NY, 5.25%, 11/15/32

      620         709,255   

 

4

 

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Metropolitan Transportation Authority, NY, 5.25%, 11/15/38

    $ 865       $ 978,159   

Miami-Dade County, FL, (Miami International Airport), 5.00%, 10/1/41

      2,095         2,238,256   

Miami-Dade County, FL, Aviation Revenue, 5.00%, 10/1/37

      1,385         1,531,768   

New York Liberty Development Corp., (4 World Trade Center), 5.00%, 11/15/31

      1,070         1,210,534   

Orlando-Orange County Expressway Authority, FL, 5.00%, 7/1/35

      420         463,163   

Orlando-Orange County Expressway Authority, FL, 5.00%, 7/1/40

      375         411,079   

Port Authority of New York and New Jersey, 5.00%, 12/1/34(1)

      2,040         2,313,931   

South Carolina Transportation Infrastructure Bank, 5.25%, 10/1/40

      1,000         1,116,510   

Triborough Bridge and Tunnel Authority, NY, 5.00%, 11/15/37

      2,500         2,723,275   
     

 

 

  
      $ 17,998,183   
     

 

 

  

Water and Sewer — 5.8%

      

Chicago, IL, Water Revenue, 5.00%, 11/1/42

    $ 1,000       $ 1,029,000   

Detroit, MI, Sewage Disposal System, 5.00%, 7/1/32

      1,555         1,644,288   

Detroit, MI, Sewage Disposal System, 5.25%, 7/1/39

      380         402,808   

Detroit, MI, Water Supply System, 5.25%, 7/1/41

      300         314,130   

New York, NY, Municipal Water Finance Authority, (Water and Sewer System),
5.00%, 6/15/36

      4,000         4,498,840   
     

 

 

  
      $ 7,889,066   
     

 

 

  

Total Tax-Exempt Investments — 160.0%
(identified cost $198,913,176)

       $ 216,083,763   
     

 

 

  

Auction Preferred Shares Plus Cumulative Unpaid Dividends — (33.1)%

       $ (44,700,863 ) 
     

 

 

  

Other Assets, Less Liabilities — (26.9)%

       $ (36,307,302 ) 
     

 

 

  

Net Assets Applicable to Common Shares — 100.0%

       $ 135,075,598   
     

 

 

  

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.

 

AGC

   -   Assured Guaranty Corp.

AGM

   -   Assured Guaranty Municipal Corp.

AMBAC

   -   AMBAC Financial Group, Inc.

BHAC

   -   Berkshire Hathaway Assurance Corp.

FGIC

   -   Financial Guaranty Insurance Company

NPFG

   -   National Public Finance Guaranty Corp.

XLCA

   -   XL Capital Assurance, Inc.

At June 30, 2015, the concentration of the Fund’s investments in the various states and territories, determined as a percentage of total investments, is as follows:

 

                        

New York

      14.2 % 

Others, representing less than 10% individually

      85.8 % 

The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at June 30, 2015, 50.1% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.4% to 19.7% of total investments.

 

(1) Security represents the municipal bond held by a trust that issues residual interest bonds.

 

(2) Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $1,630,352.

 

5

 

 

A summary of open financial instruments at June 30, 2015 is as follows:

Futures Contracts

 

Expiration
Month/Year		   

Contracts

    Position    Aggregate Cost     Value     Net Unrealized
Appreciation		  
9/15    29 U.S. Long Treasury Bond    Short    $     (4,486,110 )    $     (4,374,469 )    $     111,641   

At June 30, 2015, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to interest rate risk in the normal course of pursuing its investment objective. Because the Fund holds fixed-rate bonds, the value of these bonds may decrease if interest rates rise. The Fund enters into U.S. Treasury futures contracts to hedge against changes in interest rates.

At June 30, 2015, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and whose primary underlying risk exposure is interest rate risk was $111,641.

The cost and unrealized appreciation (depreciation) of investments of the Fund at June 30, 2015, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     156,167,108   
  

 

 

  

Gross unrealized appreciation

    $ 18,362,424   

Gross unrealized depreciation

      (755,769 ) 
  

 

 

  

Net unrealized appreciation

    $ 17,606,655   
  

 

 

  

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, 2015, 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  

Tax-Exempt Investments

    $ —       $ 216,083,763       $ —       $ 216,083,763   

Total Investments

    $ —       $ 216,083,763       $ —       $ 216,083,763   

Futures Contracts

    $ 111,641       $ —       $ —       $ 111,641   

Total

    $     111,641       $     216,083,763       $     —       $     216,195,404   

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended June 30, 2015 is not presented.

At June 30, 2015, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

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

 

 

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s 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 Commission’s 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 registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s 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 registrant’s internal control over financial reporting.

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 Municipal Bond Fund II

 

By:   /s/ Payson F. Swaffield
  Payson F. Swaffield
  President
Date:   August 24, 2015

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/ Payson F. Swaffield
  Payson F. Swaffield
  President
Date:   August 24, 2015

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   August 24, 2015