FIRST TRUST MORTGAGE INCOME FUND (FMY)
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.
Industry: Asset Management - Income
First Trust Mortgage Income Fund
NYSE:FMYFinancial Services · Asset Management - Income
-1.58%$11.20
Mkt Cap$47.19M
Float3.63M
O/S4.21M
Inst Own59.7%
Div Yield7.44%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.25M
Net Income$4.55M
Total Assets$57.84M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$54.25M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FMY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$57.84M
Liabilities$3.59M
Accounts Receivable$3.87M
Accounts Payable$1.74M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $3.25M | $8.32M | $1.89M | $1.44M | $1.08M | $1.38M | $3.12M | $1.48M | $3.31M | $893K | $5.38M | $5.62M | $6.69M | $7.1M |
| YoY Growth | -60.9% | 340.9% | 31.5% | 33.4% | -21.8% | -55.9% | 110.6% | -55.2% | 270.5% | -83.4% | -4.4% | -16.0% | -5.8% | - |
| Cost of Revenue | $656K | $0 | $594K | $632K | $687K | $726K | $739K | $748K | $692K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $2.6M | $8.32M | $1.6M | $804K | $1.08M | $650K | $2.38M | $735K | $2.62M | $893K | $5.38M | $5.62M | $6.69M | $7.1M |
| Gross Margin | 79.8% | 100.0% | 84.6% | 56.0% | 100.0% | 47.2% | 76.3% | 49.5% | 79.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$3 | $0 | $0 | $0 | $0 | $2 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $269K | $284K | $244K | $242K | $239K | $264K | $267K | $435K | $227K | $940K | $1.05M | $1.16M | $1.36M | $1.37M |
| Other | -$2.23M | $20K | $19K | $21K | $35K | $558K | $36K | $37K | $37K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$1.96M | $304K | $263K | $264K | $273K | $821K | $304K | $472K | $263K | $763K | $5.12M | $3.72M | $2.56M | $658K |
| Operating Income (EBIT) | $4.55M | $8.02M | $1.33M | -$4.94M | $803K | $1.87M | $2.82M | $1.01M | $3.05M | -$47K | $4.33M | $4.47M | $5.33M | $5.73M |
| Operating Margin | 140.0% | 96.4% | 70.7% | -344.0% | 74.6% | 135.7% | 90.3% | 68.1% | 92.0% | -5.3% | 80.5% | 79.5% | 79.6% | 80.7% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $3.49M | $4.66M | $3.88M | $2.64M | $1.7M | $1.52M | $2.28M | $2.9M | $1.55M | $25K | $32K | $49K | $100K | $199K |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | -$789K | $0 | $0 | $0 | $1.68M | -$4.1M | -$2.61M | -$1.3M | $514K |
| Income Before Tax (EBT) | $4.55M | $8.02M | $1.33M | -$4.94M | $803K | $1.08M | $2.82M | $1.01M | $3.05M | $1.63M | $228K | $1.86M | $4.03M | $6.24M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $111K | $0 | $229K |
| Net Income | $4.55M | $8.02M | $1.33M | -$4.94M | $803K | $1.08M | $2.82M | $1.01M | $3.05M | $1.63M | $228K | $1.75M | $4.03M | $6.02M |
| Net Income Margin | 140.0% | 96.4% | 70.7% | -344.0% | 74.6% | 78.4% | 90.3% | 68.1% | 92.0% | 182.7% | 4.2% | 31.1% | 60.2% | 84.7% |
| Supplementary Data | ||||||||||||||
| EPS | 1.08 | 1.91 | 0.31 | -1.17 | 0.19 | 0.26 | 0.67 | 0.24 | 0.72 | 0.39 | 0.05 | 0.41 | 0.96 | 1.43 |
| Diluted EPS | 1.08 | 1.91 | 0.31 | -1.17 | 0.19 | 0.26 | 0.67 | 0.24 | 0.72 | 0.39 | 0.05 | 0.41 | 0.96 | 1.43 |
| Weighted Average OS | 4.21M | 4.20M | 4.30M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M | 4.21M |
| EBITDA | $4.55M | $3.92M | $1.33M | -$4.94M | $803K | $1.08M | $2.82M | $1.01M | $3.05M | $47K | $0 | $0 | $0 | $0 |
| EBITDA Margin | 140.0% | 47.1% | 70.7% | -344.0% | 74.6% | 78.4% | 90.3% | 68.1% | 92.0% | 5.3% | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $3.14M | $550K | $362K | $1.93M | $3.67M | $1.43M | $3.17M | $2.32M | $4.16M | $5.26M | $8.2M | $9.08M | $4.74M | $3.09M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.14M | $550K | $362K | $1.93M | $3.67M | $1.43M | $3.17M | $2.32M | $4.16M | $5.26M | $8.2M | $9.08M | $4.74M | $3.09M |
| Accounts Receivable | $3.87M | $455K | $495K | $487K | $490K | $435K | $310K | $345K | $321K | $278K | $261K | $363K | $633K | $611K |
| Inventory | $0 | $0 | $0 | $2.57M | $0 | $0 | -$35K | $3.41M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$3.14M | $550K | -$856K | -$2.57M | -$5K | -$6K | $57K | $86K | $96K | $788K | $794K | $56K | $568K | $991K |
| Total Current Assets | $3.88M | $1.01M | $862K | $2.41M | $4.16M | $1.87M | $3.51M | $2.66M | $4.52M | $6.33M | $9.25M | $9.5M | $5.94M | $4.69M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $5 | $53.49M | $59.74M | $50.34M | $55.64M | $59.44M | $59.3M | $63.5M | $60.77M | $60.13M | $65.9M | $71.91M | $83.61M | $100.93M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $53.97M | $0 | $0 | $0 | $0 | $0 | $0 | -$63.5M | -$60.77M | $0 | $0 | $0 | $0 | -$100.93M |
| Total Long-Term Assets | $53.97M | $53.49M | $59.74M | $50.34M | $55.64M | $59.44M | $59.3M | $63.5M | $60.77M | $60.13M | $65.9M | $71.91M | $83.61M | $100.93M |
| Other Assets | $0 | $0 | $367K | $159K | $9K | $19K | $178K | $54K | $54K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $57.84M | $54.5M | $60.6M | $52.92M | $59.81M | $61.33M | $62.99M | $66.21M | $65.34M | $66.46M | $75.16M | $81.41M | $89.55M | $105.62M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.74M | $892K | $11.05M | $1.84M | $1.01M | $301K | $45K | $3.03M | $14K | $891K | $2.06M | $1.06M | $5.06M | $5.73M |
| Short-Term Debt | $0 | $79K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.31M | $8.47M | $10.05M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $74K | $68K | $51K | $38K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $169K | -$151K | $0 | $0 | -$152K | -$115K | -$3.17M | -$146K | $134K | $152K | $166K | $174K | $24.45M |
| Total Current Liabilities | $1.74M | $1.14M | $11.05M | $1.84M | $1.01M | $301K | $45K | $3.07M | $14K | $1.02M | $7.52M | $9.7M | $15.29M | $30.17M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.85M | $248K | $1K | $371 | $155K | $361 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.85M | $248K | $1K | $371 | $155K | $361 | $162K | $3.17M | $147K | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | -$1.69M | -$1.16M | -$453K | -$162K | -$3.07M | -$14K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.59M | $1.14M | $11.21M | $1.99M | $1.01M | $301K | $45K | $3.17M | $147K | $1.02M | $7.52M | $9.7M | $15.29M | $30.17M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K | $42K |
| Retained Earnings | -$7.9M | -$10.06M | -$14.35M | -$12.82M | -$6.06M | -$5.4M | -$3.82M | -$4.53M | -$622K | -$8.56M | -$7.92M | -$6.35M | -$5M | -$3.93M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.57M | -$0 | -$0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $62.11M | $63.39M | $63.71M | $63.71M | $64.67M | $66.24M | $66.61M | $67.53M | $65.78M | $73.95M | $75.52M | $78.02M | $79.21M | $79.32M |
| Total Equity | $54.25M | $53.36M | $49.4M | $50.93M | $58.65M | $60.88M | $62.83M | $63.05M | $65.2M | $65.44M | $67.64M | $71.71M | $74.26M | $75.44M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $57.84M | $54.5M | $60.6M | $52.92M | $59.65M | $61.18M | $62.88M | $66.21M | $65.34M | $66.46M | $75.16M | $81.41M | $89.55M | $105.61M |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $79K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.31M | $8.47M | $10.05M | $0 |
| Net Debt | -$3.14M | $79K | $3K | -$1.93M | -$3.67M | -$1.43M | -$3.17M | -$2.32M | -$4.16M | -$5.26M | -$2.89M | -$610K | $5.31M | -$3.09M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $4.55M | $8.02M | $1.33M | -$4.94M | $803K | $1.08M | $2.82M | $1.01M | $3.05M | $1.63M | $228K | $1.75M | $4.03M | $6.02M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17K | $102K | $55K | $192K | $192K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$13K | -$13K | -$8K | $403K | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K | $89K | $47K | $595K | $192K |
| Other Non-Cash Items | -$4.55M | -$8.02M | -$1.33M | $4.94M | -$803K | -$1.08M | -$2.82M | -$1.01M | -$3.05M | $4.56M | $6.26M | $8.43M | $16.44M | -$1.66M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.21M | $6.58M | $10.22M | $21.07M | $4.36M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.57M | -$2.31M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.27M | -$1.99M | -$4.3M | -$5.24M | -$4.93M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.88M | -$5.47M | -$1.58M | -$14.17M | $606K |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9.14M | -$7.46M | -$5.88M | -$19.42M | -$4.32M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | -$1.59M | $2.23M | -$1.9M | $979K | $0 | $0 | -$2.94M | -$882K | $4.34M | $1.65M | $35K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.21M | $6.58M | $10.22M | $21.07M | $4.36M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.21M | $6.58M | $10.22M | $21.07M | $4.36M |
| Cash at Beginning | $0 | $0 | $0 | $3.67M | $1.45M | $3.35M | $2.37M | $0 | $5.26M | $8.2M | $9.08M | $4.74M | $3.09M | $3.05M |
| Cash at End | $0 | $0 | $0 | $2.08M | $3.67M | $1.45M | $3.35M | $0 | $5.26M | $5.26M | $8.2M | $9.08M | $4.74M | $3.09M |