(FFA) Enhanced Equity Income - Overview
Fund: Equity, Options, Dividend, Large-Cap
Dividends
| Dividend Yield | 7.15% |
| Yield on Cost 5y | 11.78% |
| Yield CAGR 5y | 4.03% |
| Payout Consistency | 95.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 12.8% |
| Relative Tail Risk | 5.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.58 |
| Alpha | 1.29 |
| Character TTM | |
|---|---|
| Beta | 0.832 |
| Beta Downside | 0.867 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.94% |
| CAGR/Max DD | 0.89 |
Description: FFA Enhanced Equity Income December 28, 2025
First Trust Enhanced Equity Income Closed Fund (NYSE: FFA) is a U.S.-based closed-end fund that employs a derivative-income strategy, aiming to generate current-income through options-based overlays on an equity portfolio.
As of the most recent filing (Q3 2024), the fund reported an expense ratio of roughly 0.80%, assets under management around $520 million, and a 30-day SEC-yield near 7.1%. Its top sector exposure is to financials (≈ 25% of assets), reflecting the fund’s tilt toward dividend-rich stocks; the performance of this sector is closely tied to the Federal Reserve’s interest-rate policy, which influences both equity valuations and the pricing of the fund’s option contracts.
For a deeper dive into FFA’s risk-adjusted returns and how its derivative overlay compares to peers, you might find ValueRay’s analytics platform useful.
What is the price of FFA shares?
Over the past week, the price has changed by +0.41%, over one month by -0.09%, over three months by +3.84% and over the past year by +13.79%.
Is FFA a buy, sell or hold?
What are the forecasts/targets for the FFA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.6 | 20.5% |
FFA Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 387.7m USD (387.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 387.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 387.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.98% (E(387.7m)/V(387.7m) * Re(8.98%) + (debt-free company))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)