NPORT-EX 2 FT19FT033124.htm EDGAR HTML
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments
March 31, 2024 (Unaudited)
 
Shares
Description
Value
COMMON STOCKS – 98.4%
 
Air Freight & Logistics – 1.5%
 
21,000
FedEx Corp. (a)
$6,084,540
 
Automobiles – 0.9%
 
75,000
General Motors Co. (a) (b)
3,401,250
 
Banks – 6.7%
 
350,000
Huntington Bancshares, Inc. (a)
4,882,500
76,000
JPMorgan Chase & Co. (a)
15,222,800
17,500
PNC Financial Services Group (The), Inc. (a)
2,828,000
100,000
Truist Financial Corp.
3,898,000
 
 
26,831,300
 
Beverages – 3.2%
 
125,000
Coca-Cola (The) Co.
7,647,500
18,500
Constellation Brands, Inc., Class A
5,027,560
 
 
12,675,060
 
Biotechnology – 2.3%
 
51,000
AbbVie, Inc. (a) (b)
9,287,100
 
Broadline Retail – 1.8%
 
40,500
Amazon.com, Inc. (b) (c)
7,305,390
 
Capital Markets – 2.3%
 
10,000
Goldman Sachs Group (The), Inc. (a)
4,176,900
52,500
Morgan Stanley
4,943,400
 
 
9,120,300
 
Chemicals – 2.4%
 
15,000
Air Products and Chemicals, Inc.
3,634,050
16,500
Sherwin-Williams (The) Co.
5,730,945
 
 
9,364,995
 
Communications Equipment – 1.5%
 
117,500
Cisco Systems, Inc.
5,864,425
 
Consumer Staples Distribution & Retail – 1.6%
 
8,800
Costco Wholesale Corp. (b)
6,447,144
 
Diversified Telecommunication Services – 1.3%
 
125,000
Verizon Communications, Inc.
5,245,000
 
Electric Utilities – 2.0%
 
42,500
American Electric Power Co., Inc.
3,659,250
155,000
PPL Corp.
4,267,150
 
 
7,926,400
 
Entertainment – 2.1%
 
90,000
Cinemark Holdings, Inc. (a) (c)
1,617,300
15,000
Electronic Arts, Inc.
1,990,050
200,000
Lions Gate Entertainment Corp., Class B (a) (c)
1,862,000
19,000
Take-Two Interactive Software, Inc. (c)
2,821,310
 
 
8,290,660
 
Financial Services – 0.4%
 
24,000
PayPal Holdings, Inc. (a) (c)
1,607,760
 
Ground Transportation – 1.3%
 
57,500
Canadian Pacific Kansas City Limited (a)
5,069,775
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Shares
Description
Value
COMMON STOCKS (Continued)
 
Health Care Equipment & Supplies – 1.3%
 
73,626
Boston Scientific Corp. (a) (b) (c)
$5,042,645
 
Health Care Providers & Services – 2.1%
 
16,800
UnitedHealth Group, Inc.
8,310,960
 
Hotels, Restaurants & Leisure – 3.6%
 
68,000
Carnival Corp. (b) (c)
1,111,120
90,000
Las Vegas Sands Corp.
4,653,000
51,400
Restaurant Brands International, Inc. (a)
4,083,730
31,500
Six Flags Entertainment Corp. (c)
829,080
40,000
Starbucks Corp.
3,655,600
 
 
14,332,530
 
Industrial Conglomerates – 1.5%
 
29,000
Honeywell International, Inc. (a)
5,952,250
 
Insurance – 3.8%
 
31,500
Arthur J. Gallagher & Co. (a)
7,876,260
28,500
Chubb Ltd.
7,385,205
 
 
15,261,465
 
Interactive Media & Services – 3.8%
 
100,000
Alphabet, Inc., Class C (a) (c)
15,226,000
 
IT Services – 1.3%
 
26,500
International Business Machines Corp. (a)
5,060,440
 
Life Sciences Tools & Services – 3.6%
 
29,800
Danaher Corp.
7,441,656
12,000
Thermo Fisher Scientific, Inc.
6,974,520
 
 
14,416,176
 
Machinery – 1.7%
 
18,000
Caterpillar, Inc.
6,595,740
 
Metals & Mining – 0.6%
 
54,000
Freeport-McMoRan, Inc. (b)
2,539,080
 
Oil, Gas & Consumable Fuels – 4.6%
 
33,000
Diamondback Energy, Inc. (b)
6,539,610
50,000
Exxon Mobil Corp. (a)
5,812,000
39,000
Hess Corp. (a)
5,952,960
 
 
18,304,570
 
Pharmaceuticals – 3.6%
 
5,700
Eli Lilly & Co. (b)
4,434,372
76,000
Merck & Co., Inc. (a)
10,028,200
 
 
14,462,572
 
Semiconductors & Semiconductor Equipment – 8.9%
 
6,000
Broadcom, Inc. (b)
7,952,460
119,000
Intel Corp.
5,256,230
35,000
Marvell Technology, Inc. (b)
2,480,800
47,000
Micron Technology, Inc. (b)
5,540,830
15,500
NVIDIA Corp. (b)
14,005,180
 
 
35,235,500
 
Software – 12.8%
 
7,000
Adobe, Inc. (b) (c)
3,532,200
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Shares
Description
Value
COMMON STOCKS (Continued)
 
Software (Continued)
 
101,300
Microsoft Corp. (a) (b)
$42,618,936
8,600
Synopsys, Inc. (a) (b) (c)
4,914,900
 
 
51,066,036
 
Specialized REITs – 2.1%
 
34,000
Crown Castle, Inc.
3,598,220
107,000
Gaming and Leisure Properties, Inc.
4,929,490
 
 
8,527,710
 
Technology Hardware, Storage & Peripherals – 7.6%
 
175,500
Apple, Inc. (a)
30,094,740
 
Textiles, Apparel & Luxury Goods – 1.6%
 
28,000
NIKE, Inc., Class B (b)
2,631,440
80,000
Tapestry, Inc. (b)
3,798,400
 
 
6,429,840
 
Tobacco – 1.5%
 
64,000
Philip Morris International, Inc. (a)
5,863,680
 
Wireless Telecommunication Services – 1.1%
 
26,000
T-Mobile US, Inc.
4,243,720
 
Total Common Stocks
391,486,753
 
(Cost $262,129,234)
 
COMMON STOCKS – BUSINESS DEVELOPMENT COMPANIES – 1.1%
 
Capital Markets – 1.1%
 
215,000
Ares Capital Corp. (a)
4,476,300
 
(Cost $3,728,891)
 
 
Total Investments – 99.5%
395,963,053
 
(Cost $265,858,125)
 
 
Number of
Contracts
Description
Notional
Amount
Exercise
Price
Expiration
Date
Value
WRITTEN OPTIONS – (0.2)%
 
Call Options Written – (0.2)%
 
 
 
 
(125
)
AbbVie, Inc.
$(2,276,250
)
$190.00
04/19/24
(3,750
)
(15
)
Adobe, Inc.
(756,900
)
560.00
05/17/24
(7,125
)
(85
)
Amazon.com, Inc.
(1,533,230
)
200.00
05/17/24
(24,055
)
(160
)
Boston Scientific Corp.
(1,095,840
)
65.00
05/17/24
(80,000
)
(15
)
Broadcom, Inc.
(1,988,115
)
1,370.00
04/19/24
(35,850
)
(170
)
Carnival Corp.
(277,780
)
20.00
04/19/24
(510
)
(20
)
Costco Wholesale Corp.
(1,465,260
)
745.00
04/19/24
(13,060
)
(75
)
Diamondback Energy, Inc.
(1,486,275
)
197.82
04/19/24
(33,000
)
(10
)
Eli Lilly & Co.
(777,960
)
820.00
04/19/24
(7,000
)
(15
)
Eli Lilly & Co.
(1,166,940
)
850.00
04/19/24
(4,350
)
(150
)
Freeport-McMoRan, Inc.
(705,300
)
49.00
04/19/24
(10,350
)
(225
)
General Motors Co.
(1,020,375
)
43.00
04/19/24
(62,100
)
(50
)
Marvell Technology, Inc.
(354,400
)
80.00
04/19/24
(3,900
)
(50
)
Marvell Technology, Inc.
(354,400
)
85.00
05/17/24
(5,000
)
(150
)
Micron Technology, Inc.
(1,768,350
)
110.00
04/19/24
(137,250
)
(220
)
Micron Technology, Inc.
(2,593,580
)
125.00
04/19/24
(40,260
)
(75
)
Microsoft Corp.
(3,155,400
)
440.00
04/19/24
(11,400
)
(125
)
NIKE, Inc., Class B
(1,174,750
)
110.00
04/19/24
(375
)
(50
)
NVIDIA Corp.
(4,517,800
)
1,100.00
04/19/24
(14,750
)
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2024 (Unaudited)
Number of
Contracts
Description
Notional
Amount
Exercise
Price
Expiration
Date
Value
WRITTEN OPTIONS (Continued)
 
Call Options Written (Continued)
 
 
 
 
(125
)
S&P 500® Index (d)
$(65,679,375
)
$5,375.00
04/19/24
$(193,750
)
(225
)
S&P 500® Index (d)
(118,222,875
)
5,400.00
04/19/24
(177,075
)
(20
)
Synopsys, Inc.
(1,143,000
)
610.00
04/19/24
(7,940
)
(200
)
Tapestry, Inc.
(949,600
)
50.00
04/19/24
(8,000
)
 
Total Written Options
(880,850
)
 
(Premiums received $717,038)
 
 
 
 
 
 
Net Other Assets and Liabilities – 0.7%
2,908,868
 
Net Assets – 100.0%
$397,991,071
 
(a)
All or a portion of these securities are pledged to cover index call options written. At March 31, 2024, the segregated value of
these securities amounts to $194,521,002.
(b)
All or a portion of this security’s position represents cover for outstanding options written.
(c)
Non-income producing security.
(d)
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.
 
Abbreviations throughout the Portfolio of Investments:
REITs
– Real Estate Investment Trusts
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.)
•
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, 2024 is as follows:
 
ASSETS TABLE
 
Total
Value at
3/31/2024
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks*
$391,486,753
$391,486,753
$—
$—
Common Stocks - Business Development Companies*
4,476,300
4,476,300
—
—
Total Investments
$395,963,053
$395,963,053
$—
$—
 
LIABILITIES TABLE
 
Total
Value at
3/31/2024
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Written Options
$(880,850
)
$(880,850
)
$—
$—
 
*
See Portfolio of Investments for industry breakout.