First Trust Mortgage Income Fund (FMY)
First Trust Mortgage Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $11.21, up 1.82% on the session, giving a market capitalisation of $47.2M. On trailing twelve-month figures it carries a trailing P/E of 15.79, a net margin of 85.7%. Its beta of 0.26 implies it has historically moved less than the broad market.
The First Trust Mortgage Income Fund operates as a closed-end mutual fund primarily focused on generating income. It is managed by First Trust Advisors L.P., with Brookfield Investment Management Inc. sharing co-management responsibilities. The fund's investment mandate centers on the fixed income markets, specifically targeting a range of fixed income securities. A significant portion of its portfolio is dedicated to mortgage-backed securities (MBS), encompassing diverse categories such as pass-through certificates, collateralized mortgage obligations (CMOs), and both residential and commercial mortgage-backed instruments. Established on May 25, 2005, this U.S.-domiciled fund was initially known as the First Trust/FIDAC Mortgage Income Fund.
First Trust Mortgage Income Fund is most often compared with the following Financial Services names: