FFA First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (FFA)

Portfolio of Investments

September 30, 2023 (Unaudited)

Shares		Description		Value
COMMON STOCKS – 96.0%
		Air Freight & Logistics – 1.6%
21,000		FedEx Corp. (a)		$5,563,320
		Automobiles – 0.7%
75,000		General Motors Co. (a)		2,472,750
		Banks – 5.6%
350,000		Huntington Bancshares, Inc. (a)		3,640,000
76,000		JPMorgan Chase & Co. (a)		11,021,520
17,500		PNC Financial Services Group (The), Inc. (a)		2,148,475
100,000		Truist Financial Corp. (a)		2,861,000
				19,670,995
		Beverages – 3.3%
125,000		Coca-Cola (The) Co. (a)		6,997,500
18,500		Constellation Brands, Inc., Class A (a)		4,649,605
				11,647,105
		Biotechnology – 2.2%
51,000		AbbVie, Inc. (a)		7,602,060
		Broadline Retail – 1.5%
40,500		Amazon.com, Inc. (a) (b)		5,148,360
		Capital Markets – 1.2%
52,500		Morgan Stanley (a)		4,287,675
		Chemicals – 2.4%
15,000		Air Products & Chemicals, Inc. (a)		4,251,000
16,500		Sherwin-Williams (The) Co. (a)		4,208,325
				8,459,325
		Communications Equipment – 1.8%
117,500		Cisco Systems, Inc. (a)		6,316,800
		Consumer Staples Distribution & Retail – 1.6%
9,800		Costco Wholesale Corp. (a)		5,536,608
		Diversified Telecommunication Services – 1.3%
112,500		AT&T, Inc. (a)		1,689,750
85,000		Verizon Communications, Inc. (a)		2,754,850
				4,444,600
		Electric Utilities – 2.1%
100,000		Exelon Corp. (a)		3,779,000
155,000		PPL Corp. (a)		3,651,800
				7,430,800
		Entertainment – 2.0%
90,000		Cinemark Holdings, Inc. (a) (b) (c)		1,651,500
15,000		Electronic Arts, Inc. (a)		1,806,000
200,000		Lions Gate Entertainment Corp., Class B (b)		1,574,000
14,000		Take-Two Interactive Software, Inc. (b)		1,965,460
				6,996,960
		Financial Services – 0.4%
24,000		PayPal Holdings, Inc. (a) (b)		1,403,040
		Ground Transportation – 1.5%
70,000		Canadian Pacific Kansas City, Ltd.		5,208,700

First Trust Enhanced Equity Income Fund (FFA)

Portfolio of Investments (Continued)

September 30, 2023 (Unaudited)

Shares		Description		Value
COMMON STOCKS (Continued)
		Health Care Equipment & Supplies – 0.8%
53,626		Boston Scientific Corp. (b)		$2,831,453
		Health Care Providers & Services – 2.7%
19,000		UnitedHealth Group, Inc. (a)		9,579,610
		Hotels, Restaurants & Leisure – 3.9%
85,000		Carnival Corp. (a) (b) (c)		1,166,200
10,000		Domino’s Pizza, Inc. (a) (c)		3,787,900
90,000		Las Vegas Sands Corp. (a)		4,125,600
52,000		Restaurant Brands International, Inc.		3,464,240
47,500		Six Flags Entertainment Corp. (a) (b)		1,116,725
				13,660,665
		Industrial Conglomerates – 1.5%
29,000		Honeywell International, Inc. (a)		5,357,460
		Insurance – 4.1%
31,500		Arthur J. Gallagher & Co.		7,179,795
34,500		Chubb, Ltd. (a)		7,182,210
				14,362,005
		Interactive Media & Services – 3.8%
100,000		Alphabet, Inc., Class C (a) (b)		13,185,000
		IT Services – 1.3%
31,500		International Business Machines Corp. (a)		4,419,450
		Life Sciences Tools & Services – 3.9%
29,800		Danaher Corp. (a)		7,393,380
12,000		Thermo Fisher Scientific, Inc. (a)		6,074,040
				13,467,420
		Machinery – 1.4%
18,000		Caterpillar, Inc.		4,914,000
		Metals & Mining – 0.6%
54,000		Freeport-McMoRan, Inc.		2,013,660
		Oil, Gas & Consumable Fuels – 4.9%
33,000		Diamondback Energy, Inc. (a)		5,111,040
50,000		Exxon Mobil Corp. (c)		5,879,000
39,000		Hess Corp. (a) (c)		5,967,000
				16,957,040
		Pharmaceuticals – 4.0%
2,500		Eli Lilly & Co. (a)		1,342,825
76,000		Merck & Co., Inc.		7,824,200
28,000		Zoetis, Inc. (a)		4,871,440
				14,038,465
		Semiconductors & Semiconductor Equipment – 4.8%
5,000		Broadcom, Inc.		4,152,900
119,000		Intel Corp. (a) (c)		4,230,450
47,000		Micron Technology, Inc. (a) (c)		3,197,410
12,000		NVIDIA Corp. (c)		5,219,880
				16,800,640
		Software – 12.0%
7,000		Adobe, Inc. (a) (b) (c)		3,569,300

First Trust Enhanced Equity Income Fund (FFA)

Portfolio of Investments (Continued)

September 30, 2023 (Unaudited)

Shares		Description		Value
COMMON STOCKS (Continued)
		Software (Continued)
107,000		Microsoft Corp. (a)		$33,785,250
10,000		Synopsys, Inc. (a) (b)		4,589,700
				41,944,250
		Specialized REITs – 2.3%
34,000		Crown Castle, Inc. (a)		3,129,020
107,000		Gaming and Leisure Properties, Inc.		4,873,850
				8,002,870
		Specialty Retail – 0.2%
32,500		Foot Locker, Inc. (a)		563,875
		Technology Hardware, Storage & Peripherals – 10.2%
207,000		Apple, Inc. (a)		35,440,470
		Textiles, Apparel & Luxury Goods – 1.8%
41,000		NIKE, Inc., Class B (a)		3,920,420
80,000		Tapestry, Inc.		2,300,000
				6,220,420
		Tobacco – 1.7%
64,000		Philip Morris International, Inc. (a)		5,925,120
		Wireless Telecommunication Services – 0.9%
23,500		T-Mobile US, Inc. (a) (b)		3,291,175
		Total Common Stocks		335,164,146
		(Cost $254,762,885)
COMMON STOCKS – BUSINESS DEVELOPMENT COMPANIES – 1.2%
		Capital Markets – 1.2%
215,000		Ares Capital Corp. (a)		4,186,050
		(Cost $3,728,891)
EXCHANGE-TRADED FUNDS – 1.6%
13,000		SPDR® S&P 500® ETF Trust		5,557,240
		(Cost $5,691,946)
		Total Investments – 98.8%		344,907,436
		(Cost $264,183,722)

    

Number of Contracts		Description		Notional Amount		Exercise Price		Expiration Date		Value
WRITTEN OPTIONS – (0.0)%
		Call Options Written – (0.0)%
(20)		Adobe, Inc.		$(1,019,800)		$610.00		10/20/23		(320)
(150)		Carnival Corp.		(205,800)		16.00		10/20/23		(1,350)
(250)		Carnival Corp.		(343,000)		17.00		10/20/23		(1,250)
(250)		Cinemark Holdings, Inc.		(458,750)		20.00		10/20/23		(5,500)
(15)		Domino’s Pizza, Inc.		(568,185)		410.00		10/20/23		(5,610)
(15)		Domino’s Pizza, Inc.		(568,185)		430.00		11/17/23		(4,575)
(75)		Exxon Mobile Corp.		(881,850)		125.00		11/17/23		(11,850)
(80)		Hess Corp.		(1,224,000)		170.00		10/20/23		(3,200)
(300)		Intel Corp.		(1,066,500)		41.00		10/20/23		(1,800)
(250)		Micron Technology, Inc.		(1,700,750)		75.00		10/20/23		(6,000)
(25)		NVIDIA Corp.		(1,087,475)		485.00		10/20/23		(5,650)
(200)		S&P 500® Index (d)		(85,761,000)		4,500.00		10/20/23		(56,000)

First Trust Enhanced Equity Income Fund (FFA)

Portfolio of Investments (Continued)

September 30, 2023 (Unaudited)

Number of Contracts		Description		Notional Amount		Exercise Price		Expiration Date		Value
WRITTEN OPTIONS (Continued)
		Call Options Written (Continued)
(325)		S&P 500® Index (d)		$(139,361,625)		$4,525.00		10/20/23		$(53,625)
		Total Written Options								(156,730)
		(Premiums received $502,730)

    

	Net Other Assets and Liabilities – 1.2%	4,029,973
	Net Assets – 100.0%	$348,937,409

    

(a)	All or a portion of these securities are pledged to cover index call options written. At September 30, 2023, the segregated value of these securities amounts to $228,487,549.
(b)	Non-income producing security.
(c)	All or a portion of this security’s position represents cover for outstanding options written.
(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.

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 September 30, 2023 is as follows:

ASSETS TABLE
	Total Value at 9/30/2023	Level 1 Quoted Prices	Level 2 Significant Observable Inputs	Level 3 Significant Unobservable Inputs
Common Stocks*	$ 335,164,146	$ 335,164,146	$ —	$ —
Common Stocks - Business Development Companies*	4,186,050	4,186,050	—	—
Exchange-Traded Funds	5,557,240	5,557,240	—	—
Total Investments	$ 344,907,436	$ 344,907,436	$—	$—
LIABILITIES TABLE
	Total Value at 9/30/2023	Level 1 Quoted Prices	Level 2 Significant Observable Inputs	Level 3 Significant Unobservable Inputs
Written Options	$ (156,730)	$ (153,530)	$ (3,200)	$ —

    

*	See Portfolio of Investments for industry breakout.