FIRST TRUS.ENH.EQU.INC.FD

The First Trust Enhanced Equity Income Fund is a closed-end fund that utilizes a covered call strategy to generate extra income. FFA has a well-diversified portfolio with a focus on value stocks and an overweight position in the technology sector. Despite mixed short-term performance, FFA has consistently outperformed its benchmark and peer group over the long run. » Mehr auf seekingalpha.com

Equities have rallied into 2024, surpassing year-end forecasts and creating a bullish sentiment among retail investors. The First Trust Enhanced Equity Income Fund is a buy-write fund that closely tracks the S&P 500 and offers a discount to NAV. FFA has a dynamic options overlay strategy and a low proportion of its portfolio overwritten with calls, making it an attractive alternative to buying the S&P 500 outright. » Mehr auf seekingalpha.com

The First Trust Enhanced Equity Income Fund employs a covered call-writing strategy to generate income from its portfolio without sacrificing upside potential. The fund's current yield of 7.01% is lower than some of its peers, but it is not as overwritten as all of them. The fund has outperformed the S&P 500 Index over the past three years, but its performance is expected to be stronger in bear or flat markets. » Mehr auf seekingalpha.com