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Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Enhanced Equity Income Fund

XFFAX | Fund

$19.35

$369 M

0.00%

1.12%

Vitals

YTD Return

3.3%

1 yr return

10.4%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

4.1%

Net Assets

$369 M

Holdings in Top 10

40.3%

52 WEEK LOW AND HIGH

$19.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Enhanced Equity Income Fund

XFFAX | Fund

$19.35

$369 M

0.00%

1.12%

XFFAX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust Enhanced Equity Income Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Sep 08, 2004
  • Shares Outstanding
    19982838
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Kugler

Fund Description

XFFAX - Performance

Return Ranking - Trailing

Period XFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -2.8% 240.8% 9.88%
1 Yr 10.4% -4.3% 140.6% 2.61%
3 Yr -1.3%* -8.3% 18.3% 3.21%
5 Yr 4.1%* -5.0% 17.3% 2.54%
10 Yr 6.0%* -4.6% 13.2% 5.88%

* Annualized

Return Ranking - Calendar

Period XFFAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -34.1% 904.0% 27.93%
2022 -21.9% -28.6% 438.4% 2.31%
2021 16.9% -93.5% 8.2% 88.28%
2020 8.1% -38.9% 19.8% 37.21%
2019 21.8% -10.9% 12.8% 53.40%

Total Return Ranking - Trailing

Period XFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -2.7% 244.0% 10.67%
1 Yr 10.4% -4.3% 140.6% 2.61%
3 Yr -1.3%* -8.3% 18.3% 3.21%
5 Yr 4.1%* -5.4% 17.3% 2.54%
10 Yr 6.0%* -4.6% 13.2% 5.88%

* Annualized

Total Return Ranking - Calendar

Period XFFAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -34.1% 904.0% 27.93%
2022 -21.9% -5.9% 438.4% 2.31%
2021 16.9% -81.2% 8.2% 90.34%
2020 8.1% -29.0% 19.8% 51.16%
2019 26.3% -10.9% 12.8% 69.90%

NAV & Total Return History

XFFAX - Holdings

Concentration Analysis

XFFAX Category Low Category High XFFAX % Rank
Net Assets 369 M 25 17.4 B 20.97%
Number of Holdings 75 2 508 32.06%
Net Assets in Top 10 161 M -6.66 M 5.12 B 24.81%
Weighting of Top 10 40.32% 11.3% 100.0% 44.67%

Top 10 Holdings

  1. Microsoft Corp 9.08%
  2. Apple Inc 8.90%
  3. Alphabet Inc Class C 3.98%
  4. UnitedHealth Group Inc 3.44%
  5. JPMorgan Chase & Co 3.40%
  6. NVIDIA Corp 3.07%
  7. Merck & Co Inc 2.28%
  8. Thermo Fisher Scientific Inc 2.26%
  9. Intel Corp 2.23%
  10. Costco Wholesale Corp 2.16%

Asset Allocation

Weighting Return Low Return High XFFAX % Rank
Stocks 		98.50% -3.92% 100.76% 50.38%
Preferred Stocks 		1.03% 0.00% 3.08% 0.76%
Cash 		0.47% -0.76% 100.29% 47.71%
Other 		0.00% 0.00% 45.92% 33.59%
Convertible Bonds 		0.00% 0.00% 20.91% 20.99%
Bonds 		0.00% 0.00% 97.96% 25.95%

Stock Sector Breakdown

Weighting Return Low Return High XFFAX % Rank
Technology 		29.71% 0.00% 44.43% 5.88%
Healthcare 		14.50% 0.00% 25.91% 24.37%
Financial Services 		12.95% 0.00% 29.60% 23.11%
Communication Services 		10.84% 0.00% 21.22% 16.39%
Consumer Cyclical 		9.80% 0.00% 19.02% 78.99%
Industrials 		6.14% 1.41% 43.91% 83.19%
Consumer Defense 		5.66% 0.00% 22.87% 89.50%
Utilities 		3.66% 0.00% 13.35% 23.53%
Real Estate 		2.86% 0.00% 9.74% 10.50%
Energy 		2.68% 0.00% 69.54% 89.50%
Basic Materials 		1.21% 0.00% 60.58% 93.28%

Stock Geographic Breakdown

Weighting Return Low Return High XFFAX % Rank
US 		93.13% -3.89% 100.00% 53.82%
Non US 		5.37% -2.17% 99.33% 19.08%

XFFAX - Expenses

Operational Fees

XFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.20% 6.78% 46.50%
Management Fee 0.50% 0.20% 1.75% 72.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

XFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 456.80% 48.66%

XFFAX - Distributions

Dividend Yield Analysis

XFFAX Category Low Category High XFFAX % Rank
Dividend Yield 0.00% 0.00% 3.76% 22.30%

Dividend Distribution Analysis

XFFAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

XFFAX Category Low Category High XFFAX % Rank
Net Income Ratio 0.39% -2.54% 14.24% 40.57%

Capital Gain Distribution Analysis

XFFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XFFAX - Fund Manager Analysis

Managers

Douglas Kugler

Start Date

Tenure

Tenure Rank

Sep 14, 2007

14.72

14.7%

Mr. Kugler earned a Bachelor’s degree in Accounting from the University of Delaware. He holds the Chartered Financial Analyst designation. From 1993 to 2003, he held several positions at Morgan Stanley Investment Management (Miller Anderson & Sherrerd) including Head of Mutual Fund Administration and Vice President and Treasurer of the MAS Funds, Junior Associate in the Equity Department, and his last position held prior to joining Chartwell was Senior Associate and Analyst for the Large Cap Value team. Prior to joining Morgan Stanley, he was an Assistant Vice President and Senior Accounting Officer at Provident Financial Processing Corporation.

Peter Schofield

Start Date

Tenure

Tenure Rank

Mar 22, 2022

0.19

0.2%

Mr. Schofield is a Senior Portfolio Manager on Chartwell’s equity investment team. From 2005 to 2010, he was a Co-Chief Investment Officer at Knott Capital. From 1996 to 2005, he was a Portfolio Manager at Sovereign Asset Management. Prior to Sovereign Asset Management, he was a portfolio manager at Geewax, Terker & Company. Education: Bachelor’s degree in History from the University of Pennsylvania CFA® Charterholder and a member of the CFA Institute and the CFA Society of Philadelphia

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67

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