First Trust Enhanced Equity Income Fund, managed by First Trust Advisors L.P and co-managed by Chartwell Investment Partners, L.P, invests in diverse sectors of public equity markets in the US, across varied market capitalizations. With the portfolio's performance benchmarked against the S&P 500 Index, the fund writes covered call options. It was formerly called First Trust/Fiduciary Asset Management Covered Call Fund and was established on August 26, 2004, domiciled in the United States.