First Trust Mortgage Income Fund
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About
First Trust Mortgage Income Fund is a closed-end fund managed by First Trust Advisors L.P. that invests primarily in mortgage-backed securities and other mortgage-related assets. The fund's investment strategy focuses on generating current income through a portfolio of residential and commercial mortgage securities, which may include agency MBS, non-agency MBS, and other structured credit products. FMY may employ leverage to enhance returns by borrowing at short-term rates to invest in higher-yielding mortgage assets. The fund's performance is influenced by interest rate movements, prepayment speeds, credit quality of underlying mortgages, and overall housing market conditions. The fund makes regular monthly distributions to shareholders from net investment income.