First Trust Mortgage Income:FMY

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$13.58$14.19-4.30%
    52 Wk Avg$13.60$14.38-5.43%
    52 Wk High$14.25$14.60-2.96%
    52 Wk Low$13.13$14.14-7.96%
    Regular Distribution TypeIncome Only
    Distribution Rate5.30%
    Distribution Amount$0.0600
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    It is a diversified investment company that seeks a high level of current income. As a secondary objective it seeks to preserve capital. It will invest primarily in mortgage-backed securities (MBS) of residential and commercial loans. These securities may be issued by government agencies, private originators or issuers, in the form of pass-through certificates, collateralised mortgage obligations, residential mortgage-backed securities or commercial mortgage-backed securities. Normally it will invest at least 80% of its managed assets in MBS. It may invest up to 20% in US government securities, or cash or other short-term instruments, and may invest up to 10% in other mortgage-related assets that represent interest in real estate. It will invest all of its managed assets in investment grade quality securities that are rated within the three highest investment grades.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$59.784M
    Total Common Assets:$59.784M
    Common Shares Outstanding:4,213,115
    Leverage

    As of 4/29/2016

    Preferred Share Assets:
    Total Debt (USD): $5.018M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $5.018M
    Effective Leverage (%): 7.11%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees0.85%
    Other Expenses:0.48%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.33%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Jeremiah Charles, James W. Snyder

    Basics
    Category: Fixed Income - Taxable-Investment Grade
    Ticker: FMY
    NAV Ticker: XFMYX
    Average Daily Volume (shares): 5,979
    Average Daily Volume (USD): $0.081M
    Inception Date: 5/17/2005
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2020
    $0.2201
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    5.07%
    Total Return on NAV (12 months):
    As of 6/11/2021
    2.16%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    3.60%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    7.11%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-4.91%
    1 Year-5.43%
    3 Year-7.76%
    5 Year-8.03%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.33
    6 Month0.66
    1 Year1.04
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Investment Grade

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.67%0.77%3.94%0.97%
    20204.24%1.53%6.79%7.72%
    201912.90%3.74%22.17%13.63%
    2018-3.41%1.81%-5.98%-2.32%
    20177.23%5.30%10.93%8.34%
    20162.94%2.82%10.79%8.05%
    20154.31%0.69%0.71%-1.10%
    20141.98%1.27%8.71%7.36%
    2013-5.80%5.40%-4.78%0.23%
    20122.46%11.78%13.98%13.94%
    20119.49%0.28%8.46%5.12%
    201015.18%6.99%11.32%12.89%
    200919.91%31.69%34.31%31.42%
    20084.56%-6.38%  
    20079.61%7.01%  
    200612.38%4.43%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Investment Grade

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    3.60%
    Number of Holdings:
    As of 1/31/2021
    210
    Annual Portfolio Turnover:
    As of 10/31/2020
    28.00%
    Average Bond Price:
    As of 1/31/2021
    $96.20
    Asset Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 1/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)97.27%
    Agency Mortgage Backed58.96%
    Non Agency Residential Mortgage Backed17.16%
    Asset Backed12.48%
    Government Commercial Mortgage Backed8.67%
    Cash Equivalents2.73%
    Cash Equivalents (Super Sector)2.73%
    Government Related-0.01%
    Government (Super Sector)-0.01%
    Top Holdings

    As of 1/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    MStanley Cap I Tr 1.53%$1.79M2.97%
    Federal Home Loan Mortgage Corporation 1.31%$1.40M2.32%
    Government National Mortgage Association 6.12%$1.16M1.93%
    Federal Home Loan Mortgage Corporation 3.28%$1.13M1.87%
    Towd Point Mortgage Trust 3%$1.12M1.85%
    Federal Home Loan Mortgage Corporation 2.96%$1.08M1.80%
    Federal Home Loan Mortgage Corporation 3.4%$1.06M1.76%
    CMSC 2020-UNFI 3.8%$1.00M1.66%
    Federal Home Loan Mortgage Corporation 2.69%$0.94M1.56%
    Federal Home Loan Mortgage Corporation 4%$0.93M1.53%
    Credit Quality

    As of 1/31/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 1/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income97.27%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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