First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched by First Trust Portfolios L.P. It is co-managed by First Trust Advisors L.P and Chartwell Investment Partners, L.P. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund also writes covered call options. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was formerly known as the First Trust/Fiduciary Asset Management Covered Call Fund. First Trust Enhanced Equity Income Fund was formed on August 26, 2004 and is domiciled in the United States.