NPORT-EX 2 FT19FT033122.htm
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments
March 31, 2022 (Unaudited)
Shares   Description   Value
COMMON STOCKS – 94.8%
    Aerospace & Defense – 1.2%    
11,000  
Lockheed Martin Corp. (a)
  $4,855,400
    Auto Components – 0.6%    
160,000  
Goodyear Tire & Rubber (The) Co. (b)
  2,286,400
    Automobiles – 0.8%    
75,000  
General Motors Co. (a) (b)
  3,280,500
    Banks – 6.1%    
350,000  
Huntington Bancshares, Inc. (a)
  5,117,000
100,000  
JPMorgan Chase & Co. (a)
  13,632,000
100,000  
Truist Financial Corp. (a)
  5,670,000
        24,419,000
    Beverages – 2.7%    
107,000  
Coca-Cola (The) Co. (a)
  6,634,000
18,500  
Constellation Brands, Inc., Class A (a)
  4,260,920
        10,894,920
    Biotechnology – 3.0%    
44,000  
AbbVie, Inc. (a)
  7,132,840
45,000  
Horizon Therapeutics PLC (a) (b)
  4,734,450
        11,867,290
    Capital Markets – 1.1%    
52,500  
Morgan Stanley (a)
  4,588,500
    Chemicals – 1.2%    
15,000  
Linde PLC (a)
  4,791,450
    Communications Equipment – 1.6%    
117,500  
Cisco Systems, Inc.
  6,551,800
    Diversified Telecommunication Services – 2.7%    
215,000  
AT&T, Inc. (a)
  5,080,450
110,000  
Verizon Communications, Inc. (a)
  5,603,400
        10,683,850
    Electric Utilities – 2.6%    
33,333  
Constellation Energy Corp. (a)
  1,874,981
100,000  
Exelon Corp. (a)
  4,763,000
135,000  
PPL Corp.
  3,855,600
        10,493,581
    Entertainment – 4.1%    
89,000  
Activision Blizzard, Inc. (a)
  7,129,790
90,000  
Cinemark Holdings, Inc. (a) (b)
  1,555,200
157,500  
Lions Gate Entertainment Corp., Class B (a) (b)
  2,367,225
38,000  
Walt Disney (The) Co. (a) (b)
  5,212,080
        16,264,295
    Food & Staples Retailing – 2.2%    
15,000  
Costco Wholesale Corp. (a)
  8,637,750
    Food Products – 0.7%    
45,000  
Mondelez International, Inc., Class A
  2,825,100
    Health Care Providers & Services – 3.4%    
27,000  
UnitedHealth Group, Inc. (a)
  13,769,190
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2022 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Hotels, Restaurants & Leisure – 2.6%    
85,000  
Carnival Corp. (a) (b)
  $1,718,700
90,000  
Las Vegas Sands Corp. (a) (b)
  3,498,300
52,000  
Restaurant Brands International, Inc. (a)
  3,036,280
47,500  
Six Flags Entertainment Corp. (a) (b)
  2,066,250
        10,319,530
    Industrial Conglomerates – 1.4%    
29,000  
Honeywell International, Inc. (a)
  5,642,820
    Insurance – 3.5%    
35,000  
Arthur J. Gallagher & Co. (a)
  6,111,000
37,000  
Chubb, Ltd. (a)
  7,914,300
        14,025,300
    Interactive Media & Services – 4.0%    
5,700  
Alphabet, Inc., Class C (a) (b)
  15,920,043
    Internet & Direct Marketing Retail – 0.7%    
800  
Amazon.com, Inc. (a) (b)
  2,607,960
    IT Services – 1.7%    
25,000  
International Business Machines Corp. (a)
  3,250,500
31,500  
PayPal Holdings, Inc. (a) (b)
  3,642,975
        6,893,475
    Life Sciences Tools & Services – 4.3%    
28,200  
Danaher Corp. (a)
  8,271,906
15,300  
Thermo Fisher Scientific, Inc. (a)
  9,036,945
        17,308,851
    Machinery – 2.0%    
22,000  
Caterpillar, Inc. (a)
  4,902,040
22,000  
Stanley Black & Decker, Inc. (a)
  3,075,380
        7,977,420
    Oil, Gas & Consumable Fuels – 2.6%    
50,000  
Hess Corp. (a)
  5,352,000
20,900  
Pioneer Natural Resources Co. (a)
  5,225,627
        10,577,627
    Pharmaceuticals – 3.6%    
100,000  
Bristol-Myers Squibb Co. (a)
  7,303,000
37,500  
Zoetis, Inc. (a)
  7,072,125
        14,375,125
    Road & Rail – 1.4%    
70,000  
Canadian Pacific Railway Ltd. (a)
  5,777,800
    Semiconductors & Semiconductor Equipment – 5.9%    
137,000  
Intel Corp. (a)
  6,789,720
56,500  
Micron Technology, Inc.
  4,400,785
45,000  
NVIDIA Corp.
  12,278,700
        23,469,205
    Software – 12.1%    
15,000  
Adobe, Inc. (a) (b)
  6,834,300
118,000  
Microsoft Corp.
  36,380,580
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2022 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Software (Continued)    
16,000  
Synopsys, Inc. (a) (b)
  $5,332,320
        48,547,200
    Specialty Retail – 3.4%    
95,000  
American Eagle Outfitters, Inc. (a)
  1,596,000
18,500  
Burlington Stores, Inc. (b)
  3,370,145
125,000  
Foot Locker, Inc.
  3,707,500
24,000  
Lowe’s Cos., Inc.
  4,852,560
        13,526,205
    Technology Hardware, Storage & Peripherals – 8.9%    
204,000  
Apple, Inc. (a)
  35,620,440
    Textiles, Apparel & Luxury Goods – 1.7%    
50,000  
NIKE, Inc., Class B
  6,728,000
    Water Utilities – 1.0%    
24,000  
American Water Works Co., Inc. (a)
  3,972,720
   
Total Common Stocks
  379,498,747
    (Cost $244,969,509)    
REAL ESTATE INVESTMENT TRUSTS – 2.8%
    Equity Real Estate Investment Trusts – 2.8%    
34,000  
Crown Castle International Corp. (a)
  6,276,400
107,000  
Gaming and Leisure Properties, Inc. (a)
  5,021,510
   
Total Real Estate Investment Trusts
  11,297,910
    (Cost $8,031,068)    
COMMON STOCKS – BUSINESS DEVELOPMENT COMPANIES - 1.1%
    Capital Markets – 1.1%    
215,000  
Ares Capital Corp. (a)
  4,504,250
    (Cost $3,728,891)    
    
Shares   Description   Stated
Rate 		  Stated
Maturity 		  Value
$100 PAR PREFERRED SECURITIES – 1.0%
    Health Care Equipment & Supplies – 0.6%            
22,500  
Boston Scientific Corp., Series A
  5.50%   06/01/23   2,619,900
    Media – 0.4%            
27,000  
ViacomCBS, Inc., Series A
  5.75%   04/01/24   1,499,850
   
Total $100 Par Preferred Securities
  4,119,750
    (Cost $4,323,308)            
    
 
Total Investments – 99.7%
  399,420,657
  (Cost $261,052,776)   
    
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN – (0.2)%
(30)  
Adobe, Inc.
  $(1,366,860)   $485.00   04/14/22   (9,210)
(125)  
Hess Corp.
  (1,338,000)   110.00   04/14/22   (26,750)
(100)  
Micron Technology, Inc.
  (778,900)   88.00   04/14/22   (3,200)
(100)  
NIKE, Inc., Class B
  (1,345,600)   140.00   04/14/22   (8,900)
First Trust Enhanced Equity Income Fund (FFA)
Portfolio of Investments (Continued)
March 31, 2022 (Unaudited)
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN (Continued)
(100)  
NVIDIA Corp.
  $(2,728,600)   $295.00   04/14/22   $(32,700)
(100)  
NVIDIA Corp.
  (2,728,600)   310.00   04/14/22   (13,200)
(50)  
Pioneer Natural Resources Co.
  (1,250,150)   270.00   04/14/22   (8,750)
(50)  
S&P 500® Index (c)
  (22,202,300)   4,600.00   04/14/22   (152,500)
(200)  
S&P 500® Index (c)
  (88,809,200)   4,650.00   04/14/22   (278,000)
(350)  
S&P 500® Index (c)
  (155,416,100)   4,675.00   04/14/22   (294,000)
(50)  
S&P 500® Index (c)
  (22,202,300)   4,700.00   04/14/22   (28,000)
   
Total Call Options Written
  (855,210)
    (Premiums received $900,528)                
    
Net Other Assets and Liabilities – 0.5%
  1,926,685
 
Net Assets – 100.0%
  $400,492,132
    
(a) All or a portion of these securities are pledged to cover index call options written.
(b) Non-income producing security.
(c) 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.)
• 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, 2022 is as follows:
ASSETS TABLE
  Total
Value at
3/31/2022 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Common Stocks*
$ 379,498,747 $ 379,498,747 $ — $ —
Real Estate Investment Trusts*
 11,297,910  11,297,910  —  —
Common Stocks - Business Development Companies*
 4,504,250  4,504,250  —  —
$100 Par Preferred Securities*
 4,119,750  4,119,750  —  —
Total Investments
$ 399,420,657 $ 399,420,657 $— $—
 
LIABILITIES TABLE
  Total
Value at
3/31/2022 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Call Options Written
$ (855,210) $ (855,210) $ — $ —
    
* See Portfolio of Investments for industry breakout.