FIRST TRUST ENHANCED EQUITY INCOME FUND (FFA)
The First Trust Enhanced Equity Income Fund functions as a closed-ended equity mutual fund, originally launched and primarily managed by First Trust Advisors L.P. Chartwell Investment Partners, L.P. additionally serves as a co-manager. This fund strategically allocates capital within the public equity markets of the United States, seeking investments in companies across a broad spectrum of sectors and diverse market capitalizations. A key aspect of its strategy involves the writing of covered call options. The fund's portfolio performance is measured against the S&P 500 Index. Established in the United States on August 26, 2004, it was previously recognized as the First Trust/Fiduciary Asset Management Covered Call Fund.
Industry: Asset Management - Income
First Trust Enhanced Equity Income Fund
NYSE:FFAFinancial Services · Asset Management - Income
+0.45%$22.23
AH Close$22.23+0.00%vs close
AH$22.23+0.00%vs close
Mkt Cap$444.34M
Float19.98M
O/S19.99M
Inst Own32.3%
SI0.1%
Div Yield7.14%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$32.92M
Net Income$80.75M
Total Assets$475.01M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$474.12M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FFA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$475.01M
Liabilities$892K
Accounts Receivable$326K
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2008-12-31 |
| Revenue | $32.92M | $76.07M | $7.06M | -$68.15M | $87.46M | $26.36M | $83.82M | -$29.17M | $48.23M | $7.09M | $7.67M | $8.47M | $7.57M | $8.28M | $16.62M | $13.09M | -$21.02M |
| YoY Growth | -56.7% | 978.1% | -110.4% | -177.9% | 231.7% | -68.5% | -387.4% | -160.5% | 579.9% | -7.6% | -9.4% | 11.9% | -8.6% | -50.2% | 27.0% | -162.3% | - |
| Cost of Revenue | $4.76M | $0 | $0 | $3.98M | $4.39M | $3.54M | $3.5M | $3.57M | $3.46M | $0 | $0 | $0 | $0 | $0 | $2.95M | $2.84M | $3.46M |
| Gross Profit | $28.16M | $76.07M | $7.06M | -$72.13M | $83.07M | $6.16M | $80.32M | -$32.74M | $44.77M | $7.09M | $7.67M | $8.47M | $7.57M | $8.28M | $13.67M | $10.25M | -$24.47M |
| Gross Margin | 85.5% | 100.0% | 100.0% | 105.8% | 95.0% | 23.4% | 95.8% | 112.3% | 92.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 82.3% | 78.3% | 116.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $498K | $482K | $4.14M | $470K | $443K | $446K | $415K | $423K | $406K | $3.35M | $3.51M | $3.67M | $3.41M | $3.22M | $0 | $0 | $0 |
| Other | -$53.09M | $28K | $0 | $18K | $32K | $3.24M | $33K | $32K | $32K | $0 | $0 | $0 | $0 | $0 | $9.54M | -$24.89M | $87.9M |
| Total Operating Expenses | -$52.59M | $510K | $4.14M | $489K | $475K | $3.68M | $448K | $455K | $438K | $16.81M | $8.15M | $24.25M | $49.69M | $24.94M | $9.54M | -$24.89M | $87.9M |
| Operating Income (EBIT) | $80.75M | $75.56M | $2.91M | -$68.64M | $86.98M | $50.01M | $83.37M | -$29.62M | $47.79M | $3.74M | $4.17M | $4.8M | $4.16M | $5.06M | $4.13M | $35.14M | -$112.38M |
| Operating Margin | 245.3% | 99.3% | 41.3% | 100.7% | 99.5% | 189.7% | 99.5% | 101.6% | 99.1% | 52.8% | 54.3% | 56.7% | 55.0% | 61.1% | 24.8% | 268.5% | 534.7% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $6.53M | $119K | $145K | $23K | $323 | $3K | $30K | $11K | $2K | $0 | $0 | $0 | $0 | $0 | $7.44M | $7.83M | $12.25M |
| Other Income (Expense) | $93 | -$453 | $63.32M | -$106 | $106 | $0 | $0 | $0 | $0 | $20.16M | -$4.64M | $27.91M | $53.1M | $28.16M | $0 | $0 | $0 |
| Income Before Tax (EBT) | $80.75M | $75.56M | $66.24M | -$68.64M | $86.98M | $50.01M | $83.37M | -$29.62M | $47.79M | $23.9M | -$477K | $32.72M | $57.26M | $33.22M | $4.13M | $35.14M | -$112.38M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $80.75M | $75.56M | $66.24M | -$68.64M | $86.98M | $50.01M | $83.37M | -$29.62M | $47.79M | $23.9M | -$477K | $32.72M | $57.26M | $33.22M | $4.13M | $35.14M | -$112.38M |
| Net Income Margin | 245.3% | 99.3% | 938.7% | 100.7% | 99.5% | 189.7% | 99.5% | 101.6% | 99.1% | 336.9% | -6.2% | 386.3% | 756.2% | 401.1% | 24.8% | 268.5% | 534.7% |
| Supplementary Data | |||||||||||||||||
| EPS | 4.04 | 3.79 | 3.31 | -3.43 | 4.35 | 2.50 | 4.17 | -1.48 | 2.39 | 1.20 | -0.02 | 1.64 | 2.87 | 1.66 | 0.21 | 1.76 | -5.63 |
| Diluted EPS | 4.04 | 3.79 | 3.31 | -3.43 | 4.35 | 2.50 | 4.17 | -1.48 | 2.39 | 1.20 | -0.02 | 1.64 | 2.87 | 1.66 | 0.21 | 1.76 | -5.63 |
| Weighted Average OS | 19.99M | 19.94M | 19.99M | 19.99M | 19.98M | 19.98M | 19.98M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M | 19.97M |
| EBITDA | $80.75M | $75.56M | $2.91M | -$68.64M | $86.98M | $50.01M | $83.37M | -$29.62M | $47.77M | $0 | $0 | $0 | $0 | $0 | $4.13M | $35.14M | -$112.38M |
| EBITDA Margin | 245.3% | 99.3% | 41.3% | 100.7% | 99.5% | 189.7% | 99.5% | 101.6% | 99.1% | - | - | - | - | - | 24.8% | 268.5% | 534.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2008-12-31 |
| Assets | |||||||||||||||||
| Current Assets | |||||||||||||||||
| Cash and Cash Equivalents | $4.04M | $6.61M | $4.29M | $6.24M | $1.43M | $5.22M | $2.09M | $3.54M | $1.18M | $1.05M | $161K | $261K | $535K | $1.24M | $741K | $1.61M | $4.54M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.04M | $6.61M | $4.29M | $6.24M | $1.43M | $5.22M | $2.09M | $3.54M | $1.18M | $1.05M | $161K | $261K | $535K | $1.24M | $741K | $1.61M | $4.54M |
| Accounts Receivable | $326K | $584K | $4.99M | $1.89M | $272K | $271K | $436K | $5.27M | $506K | $650K | $8.71M | $1.68M | $647K | $521K | $740K | $470K | $881K |
| Inventory | $0 | $0 | -$6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$3K | -$586K | $6K | -$4K | -$3K | -$3K | -$6K | $3K | $3K | $4K | $4K | $3K | $5K | $8K | $0 | $0 | $0 |
| Total Current Assets | $4.37M | $6.61M | $9.29M | $8.13M | $1.71M | $5.49M | $2.53M | $8.81M | $1.69M | $1.7M | $8.88M | $1.95M | $1.19M | $1.77M | $1.48M | $2.08M | $5.42M |
| Long-Term Assets | |||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $470.64M | $417.46M | $370.26M | $330.48M | $426.72M | $360.78M | $336.48M | $276.41M | $328.99M | $303.3M | $298.58M | $317.77M | $304.84M | $264.11M | $250.02M | $263.14M | $224.74M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3K | $586K | -$220 | $332.37M | $426.99M | $0 | $0 | -$276.41M | -$328.99M | $0 | $0 | $0 | $0 | -$264.11M | $7K | $12K | $6K |
| Total Long-Term Assets | $470.64M | $418.04M | $370.26M | $330.48M | $426.72M | $360.78M | $336.48M | $276.41M | $328.99M | $303.3M | $298.58M | $317.77M | $304.84M | $264.11M | $250.03M | $263.15M | $224.75M |
| Other Assets | $0 | $0 | $220 | $4K | $3K | $3K | $6K | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $475.01M | $424.66M | $379.55M | $338.61M | $428.42M | $366.27M | $339.01M | $285.22M | $330.68M | $305.01M | $307.46M | $319.72M | $306.03M | $265.87M | $251.51M | $265.23M | $230.17M |
| Liabilities | |||||||||||||||||
| Current Liabilities | |||||||||||||||||
| Accounts Payable | $0 | $951K | $3.87M | $4.06M | $0 | $306K | $285K | $6.98M | $284K | $0 | $7.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $44K | $44K | $44K | $44K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$480K | $666K | $5.1M | $715K | -$543K | -$117K | -$7.34M | -$387K | $888K | $692K | $1.08M | $1.73M | $858K | $0 | $0 | $0 |
| Total Current Liabilities | $513K | $951K | $4.98M | $4.06M | $1.19M | $306K | $285K | $6.98M | $284K | $888K | $8.07M | $1.08M | $1.73M | $858K | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $892K | $859K | $3K | $1.03M | $1.19M | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.74M | $1.61M | $7.49M |
| Total Long-Term Liabilities | $892K | $859K | $3K | $1.03M | $1.19M | $2K | $813K | $7.78M | $845K | $0 | $0 | $0 | $0 | $0 | $1.74M | $1.61M | $7.49M |
| Other Liabilities | $0 | $0 | $0 | -$3.03M | -$1.19M | -$306K | -$813K | -$6.98M | -$284K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $892K | $1.81M | $4.98M | $5.1M | $1.19M | $834K | $285K | $7.78M | $845K | $888K | $8.07M | $1.08M | $1.73M | $864K | $1.74M | $1.61M | $7.49M |
| Stockholders' Equity | |||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K | $200K |
| Retained Earnings | $209.93M | $158.66M | $110.38M | $69.33M | $163.15M | $101.35M | $74.12M | $13.52M | $681K | $40.28M | $27.89M | $40.28M | $12.74M | -$40.16M | $214K | $499K | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65.16M | $0 | $0 | $0 | $0 | $0 | -$68.95M | -$68.49M | -$136.61M |
| Other Stockholders' Equity | $263.99M | $263.99M | $263.99M | $263.99M | $263.88M | $263.88M | $263.88M | $263.72M | $328.95M | $263.63M | $271.29M | $278.16M | $291.35M | $304.97M | $249.35M | $262.92M | $222.48M |
| Total Equity | $474.12M | $422.85M | $374.57M | $333.52M | $427.23M | $365.43M | $338.2M | $277.44M | $329.83M | $304.11M | $299.39M | $318.64M | $304.3M | $265.01M | $249.77M | $263.61M | $222.68M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $475.01M | $424.66M | $379.55M | $338.61M | $428.42M | $366.27M | $338.48M | $285.22M | $330.68M | $305M | $307.46M | $319.72M | $306.02M | $265.87M | $251.51M | $265.23M | $230.17M |
| Supplementary Data | |||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$4.04M | -$6.61M | -$4.29M | -$6.24M | -$1.43M | -$5.22M | -$2.09M | -$3.54M | -$1.18M | -$1.05M | -$161K | -$261K | -$535K | -$1.24M | -$741K | -$1.61M | -$4.54M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $80.75M | $75.56M | $66.24M | -$68.64M | $86.98M | $50.01M | $83.37M | -$29.62M | $47.79M | $23.9M | -$477K | $32.72M | $57.26M | $33.22M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$80.75M | -$75.56M | -$66.24M | $68.64M | -$86.98M | -$50.01M | -$83.37M | $29.62M | -$47.79M | -$23.9M | $477K | -$32.72M | -$57.26M | -$33.22M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $4.81M | -$3.78M | $3.13M | -$1.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $1.43M | $5.22M | $2.09M | $3.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $6.24M | $1.43M | $5.22M | $2.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |