First Trust Enhanced Equity Income Fund (FFA)

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	Fact Sheet

Fund Summary

Investment Objective/Strategy - First Trust Enhanced Equity Income Fund (the "Fund") is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund pursues its investment objective by investing in a diversified portfolio of equity securities. Under normal market conditions, the Fund pursues an integrated investment strategy in which the Fund invests substantially all of its Managed Assets in a diversified portfolio of commons stocks of U.S. corporations and U.S. dollar-denominated equity securities of non-U.S. issuers in each case that are traded on U.S. securities exchanges. In addition, on an ongoing and consistent basis, the Fund writes (sells) covered call options on a portion of the Fund's Managed Assets. "Managed Assets" means the total asset value of the Fund minus the sum of the Fund's liabilities, including the value of call options written (sold).

There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.

Fund Overview

Ticker	FFA
Fund Type	Equity Income
Investment Advisor	First Trust Advisors L.P.
Portfolio Manager/Sub-Advisor	Chartwell Investment Partners LLC
Investor Servicing Agent	Computershare Trust Company, N.A.
CUSIP	337318109
Fiscal Year-End	12/31
Exchange	NYSE
Inception	8/26/2004
Inception Price	$20.00
Inception NAV	$19.10

Current Fund Data (as of 12/23/2024)

Closing NAV¹	$21.39
Closing Market Price²	$20.43
Discount to Net Asset Value (NAV)	4.49%
Total Net Assets	$427,580,320
Common Shares Outstanding	19,988,085
Dividend Frequency	Quarterly
Dividend Per Share Amt³	$0.3500
Distribution Rate⁴	6.85%
Daily Volume	9,555
Average 30-Day Daily Volume	19,124
Closing Market Price 52-Week High/Low	$21.15 / $17.66
Closing NAV 52-Week High/Low	$22.18 / $18.54

Expense Ratios (as of 6/30/2024)

Annual Expenses	Percent of Net Assets
Management Fees	1.00%
Other Expenses	0.14%

Total Annual Expenses	1.14%

Top 10 Holdings (as of 11/30/2024)⁶

Holding	Percent
Microsoft Corp.	9.52%
Apple, Inc.	9.22%
NVIDIA Corp.	5.75%
Alphabet, Inc. (Class C)	3.94%
JPMorgan Chase & Co.	3.81%
Arthur J. Gallagher & Co.	2.27%
Philip Morris International, Inc.	1.97%
Amazon.com, Inc.	1.95%
AbbVie, Inc.	1.95%
Chubb Ltd.	1.90%

Portfolio Characteristics (as of 11/30/2024)

Market Capitalization ($Bill-Weighted Average)	$1,107.70
Forward P/E (Next Twelve Months)	21.60
Price to Book	4.60
Dividend Yield (Weighted Average)	1.51%
Number of Holdings	60

Portfolio Information (as of 11/30/2024)

% of Portfolio with Call Options

61.73%

Market Price and NAV History (Since Inception)

Past performance is not indicative of future results.

% Premium/Discount (Since Inception)

Leverage Information⁵

The Fund currently has no outstanding leverage.

Sector Breakdown (as of 11/30/2024)⁶

	Sector	Percent
	Information Technology	34.56%
	Financials	16.15%
	Health Care	10.65%
	Communication Services	8.48%
	Consumer Staples	6.60%
	Industrials	6.29%
	Consumer Discretionary	5.99%
	Energy	3.71%
	Materials	3.23%
	Utilities	2.23%
	Real Estate	2.11%

Performance (as of 11/30/2024)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁷
Fund Performance *
Net Asset Value (NAV)	6.32%	23.75%	27.87%	9.61%	13.62%	10.71%	8.90%
Market Price	4.91%	20.08%	27.31%	7.60%	12.66%	11.06%	8.36%

*Total return is the combination of reinvested dividend, capital gain, and return of capital distributions, if any, at prices obtained by the Dividend Reinvestment Plan, and changes in the NAV and Market Price. The NAV total return takes into account the fund's total annual expenses and does not reflect sales load. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Past performance is not indicative of future results.

Footnotes

¹	The fund's NAV is calculated by dividing the value of all the fund's assets, less all liabilities, by the total number of common shares outstanding.
²	Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
³	Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
⁴	Distribution rates are calculated by annualizing the most recent distribution paid or declared through today's date and then dividing by the most recent market price. The distribution consists of the sum of net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. Distribution rates may vary. Any distribution adjustment will not be reflected until after the declaration date for the next distribution. See the fund's 19a-1 Notices, if any, located under the "News & Literature" section of the website for estimates of distribution sources. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end.
⁵	Leverage is a technique where a closed-end fund's manager borrows assets at one rate and invests the proceeds from the borrowed assets at another rate, seeking to increase yield and total return. Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.
⁶	Market value information used in calculating the percentages is based upon trade date plus one recording of transactions, which can differ from regulatory financial reports (Forms N-CSR and N-PORT Part F) that are based on trade date recording of security transactions. Holdings are subject to change.
⁷	Inception Date is 8/26/2004

Risk Considerations

Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.

Investment return and market value of an investment in the fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. For example, changes in governmental fiscal and regulatory policies, disruptions to banking and real estate markets, actual and threatened international armed conflicts and hostilities, and public health crises, among other significant events, could have a material impact on the value of the fund's investments.

Equity securities prices fluctuate for several reasons, including changes in investors’ perceptions of the financial condition of an issuer or the general condition of the relevant stock market, or when political or economic events affecting the issuers or their industries occur.

The fund may write (sell) covered call options on all or a portion of the equity securities held in the fund's portfolio. The use of options may require the fund to sell portfolio securities at inopportune times or for prices other than current market values, may limit the amount of appreciation the fund can realize on an investment, or may cause the fund to hold an equity security that it might otherwise sell.

There is no guarantee that the issuers of the equity securities in which the fund invests will declare dividends in the future or that if declared they will remain at current levels. There can be no assurance as to what portion of the distributions paid to the fund's Common Shareholders will consist of tax-advantaged qualified dividend income.

Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.

The risks of investing in the fund are spelled out in the prospectus, shareholder report and other regulatory filings.

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Not FDIC Insured • Not Bank Guaranteed • May Lose Value