First Trust Mortgage Income:FMY

    Manage Alerts

    Overview

    As of 9/13/2024

     Share
    Price    		NAVPremium/
    Discount
    Current$12.38$13.10-5.50%
    52 Wk Avg$11.79$12.48-5.56%
    52 Wk High$12.57$13.10-2.91%
    52 Wk Low$10.71$11.63-8.87%
    Regular Distribution Type†Income Only
    Distribution Rate7.27%
    Distribution Amount$0.0750
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective the Fund seeks to preserve capital. The Fund pursues its objectives by investing primarily in mortgage-backed securities (“MBS”) representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund’s investment advisor, offer an attractive combination of credit quality, yield and maturity.

    Capital Structure

    As of 9/13/2024

    Total Investment Exposure:$55.192M
    Total Common Assets:$55.192M
    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 10/31/2023

      Per Common Share
    Management Fees0.85%
    Other Expenses:0.51%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.36%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Jeremiah Charles, Owen Aronson, James W. Snyder

    Basics
    Category: Fixed Income - Taxable-Investment Grade
    Ticker: FMY
    NAV Ticker: XFMYX
    Average Daily Volume (shares): 6,343
    Average Daily Volume (USD): $0.075M
    Inception Date: 5/25/2005
    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 9/13/2024

    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.

    to
    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 4/30/2024    		 $0.4761
    Annualized Distribution Rate on NAV:
    As of 9/13/2024    		6.87%
    Total Return on NAV (12 months):
    As of 9/13/2024    		13.30%
    Avg. Portfolio Coupon:
    As of 9/13/2024    		 5.56%
    Total % Portfolio Effectively Leveraged:
    As of 9/13/2024     		7.11%

    Pricing Information

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

    As of 9/13/2024

    PeriodAvg Discount
    6 Month-4.96%
    1 Year-5.56%
    3 Year-6.07%
    5 Year-5.84%
    Z-Score

    As of 9/13/2024

    PeriodZStat
    3 Month-0.78
    6 Month-0.61
    1 Year0.05
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2024
    Category: Morningstar US CEF Investment Grade

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.69%7.59%10.99%5.80%
    202316.07%10.58%11.40%9.27%
    2022-13.06%-7.40%-22.33%-16.45%
    20213.10%0.89%6.10%2.61%
    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%  
    201015.18%6.99%  
    200919.91%31.69%  
    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 8/31/2024
    Category: Morningstar US CEF Investment Grade

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/13/2024    		5.56%
    Number of Holdings:
    As of 4/30/2024    		140
    Annual Portfolio Turnover:
    As of 10/31/2023    		143.00%
    Average Bond Price:
    As of 4/30/2024    		$87.57
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Securitized (Super Sector)99.17%
    Agency Mortgage Backed41.28%
    Government Commercial Mortgage Backed27.17%
    Non Agency Residential Mortgage Backed15.66%
    Asset Backed15.06%
    Cash Equivalents1.78%
    Cash Equivalents (Super Sector)1.78%
    Government Related-0.86%
    Government (Super Sector)-0.86%
    Top Holdings

    As of 4/30/2024

    HoldingValue% Portfolio
    Federal National Mortgage Association 5%$2.84M5.09%
    Federal National Mortgage Association 3.5%$2.15M3.86%
    Federal Home Loan Mortgage Corp. 13.0445%$1.18M2.11%
    Morgan Stanley 5.1356%$1.11M1.98%
    Federal National Mortgage Association 9.7945%$1.09M1.95%
    Federal Home Loan Mortgage Corp. 10.6945%$1.09M1.95%
    Aventura Mall Trust 4.2494%$1.06M1.91%
    Federal Home Loan Mortgage Corp. 5.32742%$1.03M1.84%
    Adams Outdoor Advertising LP 8.81%$1.02M1.82%
    CONNECTICUT AVENUE SECURITIES TRUST 2024-R02 9.03002%$1.01M1.80%
    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income97.44%
    Others - Fixed Income0.87%

    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.

    E-2949862P-E0623W

    Powered by Morningstar

    View Morningstar Notice and Disclaimer