MCN - FFA: This Fund Looks Decent, But Tech Exposure Hurts Diversification
2025-07-21 04:07:34 ET
The First Trust Enhanced Equity Income Fund ( FFA ) is a closed-end fund that tries to provide its investors with a very high level of current income. The fund does fairly well at this, particularly for an equity fund, as it boasts a 6.74% yield at the current share price. While this may not seem like much, especially when compared to the double-digit yields sported by some closed-end junk bond funds, it is much higher than any of the broad-market domestic equity indices. We can see that in this comparison chart:
Index/ETF |
Current Yield |
S&P 500 Index ( SPY ) |
1.14% |
NASDAQ 100 Index ( QQQ ) |
0.50% |
Russell 2000 Index ( IWM ) |
1.12% |
Dow Jones Industrial Average ( DIA ) |
1.52% |