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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.12% -2.96% 361.69M 55901.13
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
0.99% 14.00% -18.30M Upgrade

Basic Info

Investment Strategy
The Funds investment objective is to provide a high level of current income and, to a lesser extent, capital appreciation. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equity and writing call options on at least 80% of the Funds managed assets. Under normal market conditions, the Fund will pursue an integrated investment strategy in which the Fund will invest substantially all of its managed assets in a diversified portfolio of common stock of US corporations and US dollar-denominated equity securities of foreign issuers, and on an ongoing and consistent basis, write covered call options on at least 80% of the Funds managed assets. Effective on 19-Nov-07; the fund will no longer be required to write call options on at least 80% of its managed assets Effective from 08-Jan-08, the fund manager will be prohibited from investing 25% or more of the Funds total assets in securities of issuers in any single industry.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Derivative Income
Category Index CBOE S&P 500 BuyWrite BXM
Prospectus Objective Equity-Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Douglas Kugler 14.89 yrs
Peter Schofield 0.36 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 75
-18.30M
-368.59M Category Low
9.504B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
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% Rank in Cat (NAV)
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As of August 05, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
-1.50%
10.00%
28.93%
-13.86%
43.42%
10.94%
28.70%
-14.58%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
28.71%
-12.24%
13.76%
7.29%
9.52%
-12.72%
32.42%
0.51%
23.68%
-1.51%
1.64%
14.88%
27.91%
-13.36%
25.32%
-0.10%
28.99%
-7.89%
4.13%
6.41%
11.98%
-5.59%
15.18%
-3.28%
20.02%
-7.06%
-0.63%
14.63%
9.94%
-11.98%
19.95%
15.61%
30.00%
-8.33%
As of August 05, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-8-22) 0.99%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 20.17
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of March 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of March 31, 2022

Asset Allocation

As of March 31, 2022.
Type % Net % Long % Short
Cash 0.47% Upgrade Upgrade
Stock 98.50% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 1.03% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Microsoft Corp 9.08% 280.35 -0.90%
Apple Inc 8.90% 164.85 -0.30%
Alphabet Inc Class C 3.98% 118.17 -0.04%
UnitedHealth Group Inc 3.44% 536.69 0.30%
JPMorgan Chase & Co 3.40% 114.34 -1.23%
NVIDIA Corp 3.07% 177.91 -6.31%
Thermo Fisher Scientific Inc 2.26% 584.06 -1.05%
Costco Wholesale Corp 2.16% 541.93 0.23%
Danaher Corp 2.07% 287.32 -0.92%
Chubb Ltd 1.98% 186.55 0.66%

Basic Info

Investment Strategy
The Funds investment objective is to provide a high level of current income and, to a lesser extent, capital appreciation. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equity and writing call options on at least 80% of the Funds managed assets. Under normal market conditions, the Fund will pursue an integrated investment strategy in which the Fund will invest substantially all of its managed assets in a diversified portfolio of common stock of US corporations and US dollar-denominated equity securities of foreign issuers, and on an ongoing and consistent basis, write covered call options on at least 80% of the Funds managed assets. Effective on 19-Nov-07; the fund will no longer be required to write call options on at least 80% of its managed assets Effective from 08-Jan-08, the fund manager will be prohibited from investing 25% or more of the Funds total assets in securities of issuers in any single industry.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Derivative Income
Category Index CBOE S&P 500 BuyWrite BXM
Prospectus Objective Equity-Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Douglas Kugler 14.89 yrs
Peter Schofield 0.36 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-8-22) 0.99%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 20.17
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of March 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of March 31, 2022

Fund Details

Key Dates
Inception Date 8/26/2004
Last Annual Report Date 12/31/2021
Last Prospectus Date 8/26/2004
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Top Portfolio Holders

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