First Trust Enhanced Equity Income:FFA

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$20.32$20.49-0.83%
    52 Wk Avg$16.89$17.95-6.05%
    52 Wk High$20.50$20.49-0.83%
    52 Wk Low$13.88$14.94-10.73%
    Regular Distribution TypeManaged Distribution
    Distribution Rate6.20%
    Distribution Amount$0.3150
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to provide a high level of current income and, to a lesser extent, capital appreciation. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equity and writing call options on at least 80% of the Funds managed assets. Under normal market conditions, the Fund will pursue an integrated investment strategy in which the Fund will invest substantially all of its managed assets in a diversified portfolio of common stock of US corporations and US dollar-denominated equity securities of foreign issuers, and on an ongoing and consistent basis, write covered call options on at least 80% of the Funds managed assets. Effective on 19-Nov-07; the fund will no longer be required to write call options on at least 80% of its managed assets Effective from 08-Jan-08, the fund manager will be prohibited from investing 25% or more of the Funds total assets in securities of issuers in any single industry.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$409.448M
    Total Common Assets:$409.448M
    Common Shares Outstanding:19,982,838
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.15%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.15%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Douglas W. Kugler, Bernie Schaffer, Kevin A. Melich

    Basics
    Category: Equity-Covered-Call Funds
    Ticker: FFA
    NAV Ticker: XFFAX
    Average Daily Volume (shares): 37,574
    Average Daily Volume (USD): $0.633M
    Inception Date: 8/26/2004
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2020
    $0.0521
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.15%
    Total Return on NAV (12 months):
    As of 6/11/2021
    41.61%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-4.62%
    1 Year-6.05%
    3 Year-3.89%
    5 Year-5.70%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.93
    6 Month1.91
    1 Year2.40
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD14.59%12.80%17.53%11.99%
    202010.94%16.66%4.93%7.90%
    201943.46%30.72%28.63%22.38%
    2018-13.86%-9.48%-11.75%-7.93%
    201728.93%16.03%23.10%16.38%
    201610.00%8.29%8.90%8.17%
    2015-1.50%-0.14%1.86%0.11%
    201414.82%10.91%7.53%4.80%
    201320.56%22.16%19.68%17.79%
    201217.81%13.36%14.03%10.09%
    2011-7.34%1.72%-8.50%-0.23%
    201016.63%14.87%10.02%9.66%
    200945.22%19.61%45.18%23.14%
    2008-37.06%-32.08%  
    2007-3.61%7.57%  
    200617.47%6.98%  
    2005-6.84%3.28%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2021
    68
    Annual Portfolio Turnover:
    As of 12/31/2020
    20.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)44.90%
    Cyclical (Super Sector)31.02%
    Technology24.37%
    Defensive (Super Sector)21.03%
    Financial Services15.27%
    Healthcare12.49%
    Consumer Cyclical11.54%
    Communication Services11.17%
    Industrials7.30%
    Consumer Defensive5.53%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Microsoft Corp$29.00M7.37%
    Apple Inc$24.92M6.33%
    JPMorgan Chase & Co$15.22M3.87%
    UnitedHealth Group Inc$10.79M2.74%
    Alphabet Inc Class C$9.31M2.37%
    Intel Corp$8.77M2.23%
    Thermo Fisher Scientific Inc$8.67M2.20%
    NVIDIA Corp$8.28M2.10%
    PayPal Holdings Inc$8.01M2.04%
    Mastercard Inc A$8.01M2.04%
    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity92.56%
    Switzerland - Equity1.48%
    United Kingdom - Equity1.07%
    China - Equity1.01%
    Canada - Equity0.86%
    Singapore - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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