First Trust Enhanced Equity Income Fund (FFA)

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The chart shows the growth of an initial investment of $10,000 in First Trust Enhanced Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Enhanced Equity Income Fund (FFA) has returned -5.60% so far this year and 13.54% over the past 12 months. Over the last decade, FFA has posted an annualized return of 12.66%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Aug 27, 2004, FFA's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.8%, while the worst month was Feb 2020 at -13.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FFA closed higher 52% of trading days. The best single day was Nov 21, 2008 with a return of +19.7%, while the worst single day was Mar 18, 2020 at -16.5%.

First Trust Enhanced Equity Income Fund has an annualized alpha of 1.43%, beta of 0.87, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 30, 2004.

• With beta of 0.87 and R² of 0.65, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

FFA has a high expense ratio of 1.22%, indicating above-average management fees.

FFA ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for First Trust Enhanced Equity Income Fund (FFA) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Enhanced Equity Income Fund provided a 7.41% dividend yield over the last twelve months, with an annual payout of $1.51 per share. The fund has been increasing its distributions for 15 consecutive years.

The table displays the monthly dividend distributions for First Trust Enhanced Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Enhanced Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Enhanced Equity Income Fund was 57.51%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.

The current First Trust Enhanced Equity Income Fund drawdown is 6.58%.

The chart below shows the rolling one-month volatility.