NPORT-EX 2 FT19FT033123.htm
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS – 94.3%
    Air Freight & Logistics – 1.1%    
17,000  
FedEx Corp. (a)
  $3,884,330
    Automobile Components – 0.5%    
160,000  
Goodyear Tire & Rubber (The) Co. (b)
  1,763,200
    Automobiles – 0.8%    
75,000  
General Motors Co. (a) (c)
  2,751,000
    Banks – 5.5%    
350,000  
Huntington Bancshares, Inc.
  3,920,000
76,000  
JPMorgan Chase & Co. (c)
  9,903,560
17,500  
PNC Financial Services Group (The), Inc. (a) (c)
  2,224,250
100,000  
Truist Financial Corp. (c)
  3,410,000
        19,457,810
    Beverages – 3.1%    
107,000  
Coca-Cola (The) Co. (c)
  6,637,210
18,500  
Constellation Brands, Inc., Class A
  4,178,965
        10,816,175
    Biotechnology – 2.3%    
51,000  
AbbVie, Inc. (c)
  8,127,870
    Broadline Retail – 1.2%    
40,500  
Amazon.com, Inc. (a) (b) (c)
  4,183,245
    Capital Markets – 1.3%    
52,500  
Morgan Stanley
  4,609,500
    Chemicals – 2.3%    
15,000  
Air Products and Chemicals, Inc. (c)
  4,308,150
16,500  
Sherwin-Williams (The) Co.
  3,708,705
        8,016,855
    Communications Equipment – 1.7%    
117,500  
Cisco Systems, Inc. (c)
  6,142,313
    Consumer Staples Distribution & Retail – 2.5%    
9,800  
Costco Wholesale Corp. (c)
  4,869,326
22,500  
Target Corp. (c)
  3,726,675
        8,596,001
    Diversified Telecommunication Services – 1.6%    
112,500  
AT&T, Inc. (c)
  2,165,625
85,000  
Verizon Communications, Inc. (c)
  3,305,650
        5,471,275
    Electric Utilities – 2.4%    
100,000  
Exelon Corp.
  4,189,000
155,000  
PPL Corp.
  4,307,450
        8,496,450
    Energy Equipment & Services – 1.0%    
120,000  
Baker Hughes Co.
  3,463,200
    Entertainment – 3.6%    
62,000  
Activision Blizzard, Inc. (c)
  5,306,580
90,000  
Cinemark Holdings, Inc. (b)
  1,331,100
200,000  
Lions Gate Entertainment Corp., Class B (b)
  2,076,000
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Entertainment (Continued)    
38,000  
Walt Disney (The) Co. (b)
  $3,804,940
        12,518,620
    Financial Services – 0.7%    
31,500  
PayPal Holdings, Inc. (b)
  2,392,110
    Ground Transportation – 1.5%    
70,000  
Canadian Pacific Railway Ltd.
  5,385,800
    Health Care Providers & Services – 3.4%    
25,000  
UnitedHealth Group, Inc. (c)
  11,814,750
    Hotels, Restaurants & Leisure – 3.1%    
85,000  
Carnival Corp. (a) (b) (c)
  862,750
90,000  
Las Vegas Sands Corp. (b) (c)
  5,170,500
52,000  
Restaurant Brands International, Inc.
  3,491,280
47,500  
Six Flags Entertainment Corp. (a) (b) (c)
  1,268,725
        10,793,255
    Industrial Conglomerates – 1.6%    
29,000  
Honeywell International, Inc. (c)
  5,542,480
    Insurance – 3.8%    
35,000  
Arthur J. Gallagher & Co. (c)
  6,695,850
34,500  
Chubb, Ltd. (c)
  6,699,210
        13,395,060
    Interactive Media & Services – 2.1%    
70,000  
Alphabet, Inc., Class C (b) (c)
  7,280,000
    IT Services – 1.2%    
31,500  
International Business Machines Corp. (c)
  4,129,335
    Life Sciences Tools & Services – 4.1%    
29,800  
Danaher Corp.
  7,510,792
12,000  
Thermo Fisher Scientific, Inc. (c)
  6,916,440
        14,427,232
    Machinery – 1.2%    
18,000  
Caterpillar, Inc. (c)
  4,119,120
    Metals & Mining – 0.6%    
54,000  
Freeport-McMoRan, Inc. (a) (c)
  2,209,140
    Oil, Gas & Consumable Fuels – 3.0%    
33,000  
Diamondback Energy, Inc. (c)
  4,460,610
45,000  
Hess Corp. (a)
  5,955,300
        10,415,910
    Pharmaceuticals – 4.4%    
7,500  
Eli Lilly & Co. (c)
  2,575,650
76,000  
Merck & Co., Inc. (c)
  8,085,640
28,000  
Zoetis, Inc. (c)
  4,660,320
        15,321,610
    Semiconductors & Semiconductor Equipment – 5.8%    
6,500  
Broadcom, Inc.
  4,170,010
119,000  
Intel Corp. (a)
  3,887,730
47,000  
Micron Technology, Inc. (a)
  2,835,980
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Semiconductors & Semiconductor Equipment (Continued)    
34,500  
NVIDIA Corp. (a) (c)
  $9,583,065
        20,476,785
    Software – 11.5%    
9,000  
Adobe, Inc. (a) (b) (c)
  3,468,330
109,900  
Microsoft Corp. (c)
  31,684,170
13,000  
Synopsys, Inc. (b) (c)
  5,021,250
        40,173,750
    Specialty Retail – 1.2%    
8,500  
Burlington Stores, Inc. (a) (b)
  1,717,850
65,000  
Foot Locker, Inc. (a) (c)
  2,579,850
        4,297,700
    Technology Hardware, Storage & Peripherals – 9.7%    
207,000  
Apple, Inc. (c)
  34,134,300
    Textiles, Apparel & Luxury Goods – 2.0%    
58,500  
NIKE, Inc., Class B (c)
  7,174,440
    Tobacco – 1.5%    
55,000  
Philip Morris International, Inc. (c)
  5,348,750
    Wireless Telecommunication Services – 1.0%    
23,500  
T-Mobile US, Inc. (b)
  3,403,740
   
Total Common Stocks
  330,533,111
    (Cost $246,880,071)    
REAL ESTATE INVESTMENT TRUSTS – 2.9%
    Specialized REITs – 2.9%    
34,000  
Crown Castle, Inc. (c)
  4,550,560
107,000  
Gaming and Leisure Properties, Inc. (c)
  5,570,420
   
Total Real Estate Investment Trusts
  10,120,980
    (Cost $8,348,017)    
COMMON STOCKS – BUSINESS DEVELOPMENT COMPANIES - 1.1%
    Capital Markets – 1.1%    
215,000  
Ares Capital Corp.
  3,929,125
    (Cost $3,728,891)    
    
Shares   Description   Stated
Rate 		  Stated
Maturity 		  Value
$100 PAR PREFERRED SECURITIES – 1.0%
    Health Care Equipment & Supplies – 0.8%            
22,500  
Boston Scientific Corp., Series A
  5.50%   06/01/23   2,723,400
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares   Description   Stated
Rate 		  Stated
Maturity 		  Value
$100 PAR PREFERRED SECURITIES (Continued)
    Media – 0.2%            
27,000  
Paramount Global, Series A
  5.75%   04/01/24   $808,380
   
Total $100 Par Preferred Securities
  3,531,780
    (Cost $4,323,308)            
 
Total Investments – 99.3%
  348,114,996
  (Cost $263,280,287)   
    
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN – (0.4)%
(25)  
Adobe, Inc.
  $(963,425)   $380.00   04/21/23   (34,375)
(100)  
Amazon.com, Inc.
  (1,032,900)   106.00   04/21/23   (20,200)
(70)  
Burlington Stores, Inc.
  (1,414,700)   217.50   04/21/23   (10,325)
(175)  
Carnival Corp.
  (177,625)   11.00   04/21/23   (3,325)
(35)  
FedEx Corp.
  (799,715)   240.00   04/21/23   (5,425)
(200)  
Foot Locker, Inc. (d)
  (793,800)   46.00   04/21/23   (1,600)
(150)  
Freeport-McMoRan, Inc.
  (613,650)   44.00   04/21/23   (8,100)
(250)  
General Motors Co.
  (917,000)   37.00   04/21/23   (28,000)
(150)  
General Motors Co.
  (550,200)   45.00   04/21/23   (300)
(125)  
Hess Corp.
  (1,654,250)   140.00   04/21/23   (20,375)
(300)  
Intel Corp.
  (980,100)   34.00   04/21/23   (16,500)
(75)  
Micron Technology, Inc.
  (452,550)   67.50   04/21/23   (1,800)
(150)  
NVIDIA Corp.
  (4,166,550)   300.00   04/21/23   (47,550)
(80)  
PNC Financial Services Group (The), Inc.
  (1,016,800)   150.00   04/21/23   (800)
(250)  
S&P 500® Index (e)
  (102,732,750)   4,200.00   04/21/23   (613,750)
(300)  
S&P 500® Index (e)
  (123,279,300)   4,225.00   04/21/23   (447,000)
(125)  
Six Flags Entertainment Corp. (d)
  (333,875)   32.50   04/21/23   (625)
   
Total Call Options Written
  (1,260,050)
    (Premiums received $682,647)                
Net Other Assets and Liabilities  –  1.1%
  3,650,260
 
Net Assets – 100.0%
  $350,505,206
    
(a) All or a portion of this security’s position represents cover for outstanding options written.
(b) Non-income producing security.
(c) All or a portion of these securities are segregated to cover index call options written. At March 31, 2023, the segregated value of these securities amount to $227,586,786.
(d) This investment is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Fund’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2023, securities noted as such are valued at $(2,225) or (0.0)% of net assets.
(e) Call options on securities indices were written on a portion of the common stock positions that were not used to cover call options written on individual equity securities held in the Fund’s portfolio.
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.
• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows:
ASSETS TABLE
  Total
Value at
3/31/2023 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Common Stocks*
$ 330,533,111 $ 330,533,111 $ — $ —
Real Estate Investment Trusts*
 10,120,980  10,120,980  —  —
Common Stocks - Business Development Companies*
 3,929,125  3,929,125  —  —
$100 Par Preferred Securities*
 3,531,780  3,531,780  —  —
Total Investments
$ 348,114,996 $ 348,114,996 $— $—
 
LIABILITIES TABLE
  Total
Value at
3/31/2023 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Call Options Written
$ (1,260,050) $ (1,247,500) $ (12,550) $ —
    
* See Portfolio of Investments for industry breakout.