CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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First Trust Enhanced Equity Income Fund (FFA)

Specialty Equity Funds - Covered Call Funds

Data as of Dec. 7, 2018
Market Price $14.30 (- $0.24)
NAV (Dec. 7, 2018) $14.91 (- $0.37)
Premium / Discount -4.09% (+0.75%)
Fund Info
Inception Aug. 26, 2004
Sponsor First Trust Advisors
Website www.ftportfolios.com/R...
Phone 1.800.621.1675
Objective: High current income and gains; common stocks of U.S. dollar base non-U.S equity securities
Related Indexes
US Equity Index
Covered Call / Option Funds Index
Tax-Advantaged Equity Dividend Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 19,973,164
Total Assets (Reported: June 30, 2018) $317M
Estimated Managed Assets $298M
Net Assets $298M
Market Cap $286M
Purchases Turnover 36.28%
Sales Turnover 42.75%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.13%
Non Lev Exp Ratio 1.13%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -8.27%
Discount Low(3 Yr) -15.33%
Discount High(3 Yr) 1.16%
Discount Rel Range 68.16%
Comp Discount -0.38
Discount St Dev (1Yr) 2.20
Z-Stat (6mo) -0.75
Z-Stat (1Yr) 0.07
Z-Stat (3Yr) 1.14
Comp Z-Stat (6mo) 0.01
Comp Z-Stat (3Yr) 1.03
Distribution Data
Market Yield 7.97%
Income Yield 1.33%
Lev Adj NAV Yield 7.65%
Distribution Frequency Q
Current Distribution $0.285
Current Income $0.048
Ex-Date 9/21/18
Payable Date 9/28/18
Div Growth (3yr) 21.28%
Dividend Change 14.0% on 6/12/17
Expected Div 12/10/18
RoC (1yr) 62.06%
RoC (3yr) 31.82%
Tax Dividend Data 2017 2015 - 2017
Income 31.0% 38.2%
ST Gains 0% 0%
QDI 13.4% 13.9%
LT Gains 69.0% 51.6%
RoC 0% 10.3%
Volume & Liquidity
Average Daily $ (M) $636
Avg Volume 30 day 33,187
Avg Volume 90 day 44,477
Volume Trend -25.38%
Comp Volume Trend -24.19%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Covered Call / Option Funds Index
Most Correlated Peer (Mk Pr): CII 90.0%
NAV - Price Correlation (30 d) 91.8%
NAV - Price Correlation (90 d) 97.5%
NAV - Price Correlation (1 Yr) 83.2%
Price St Dev (1Yr) 15.9%
NAV St Dev (1Yr) 15.3%
Earnings / Share (6/30/18) $0.050
Earn Coverage 17.51%
Earnings Trend Up
UNII / Share (6/30/18) $-0.436
Rel UNII -228.66
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Covered Call / Option Funds Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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