First Trust Mortgage Income Fund

First Trust Mortgage Income Fundverified

FMY

Price:

$11.595

Market Cap:

$48.85M

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 ...[Read more]

Industry

Asset Management - Income

IPO Date

2005-05-26

Stock Exchange

NYSE

Ticker

FMY

The Current Ratio as of June 2026 (TTM) for First Trust Mortgage Income Fund (FMY) is 2.22

According to First Trust Mortgage Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.22. This represents a change of 118.82% compared to the average of 1.02 of the last 4 quarters.

First Trust Mortgage Income Fund (FMY) Historical Current Ratio (quarterly & annually)

How has FMY Current Ratio performed in the past?

The mean historical Current Ratio of First Trust Mortgage Income Fund over the last ten years is 41.16. The current 2.22 Current Ratio has changed 440.44% with respect to the historical average. Over the past ten years (40 quarters), FMY's Current Ratio was at its highest in in the April 2020 quarter at 97.04. The Current Ratio was at its lowest in in the April 2012 quarter at 0.

Quarterly (TTM)
Annual

Average

41.16

Median

3.18

Minimum

0.08

Maximum

312.16

First Trust Mortgage Income Fund (FMY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of First Trust Mortgage Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 8.85%

Maximum Annual Current Ratio = 312.16

Minimum Annual Increase = -99.72%

Minimum Annual Current Ratio = 0.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20252.22151.01%
20240.891.04%
20230.08-94.06%
20221.31-68.23%
20214.13-33.54%
20206.22-91.98%
201977.548.85%
20180.87-99.72%
2017312.164.95%
20166.18401.87%

First Trust Mortgage Income Fund (FMY) Average Current Ratio

How has FMY Current Ratio performed in the past?

The current Current Ratio of First Trust Mortgage Income Fund (FMY) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.06

5-year avg

1.73

10-year avg

41.16

First Trust Mortgage Income Fund (FMY) Current Ratio vs. Peers

How is FMY’s Current Ratio compared to its peers?

First Trust Mortgage Income Fund’s Current Ratio is greater than Mexico Equity & Income Fund Inc. (0), less than AMG River Road Focused Absolute Value Fund - Class N (2.75), greater than AMG Veritas China Fund Class N (0), greater than Scharf Multi-Asset Opportunity Fund Retail Class (0), greater than Dupree Mutual Funds Tennessee Tax-Free Income Series (0), greater than Janus Henderson U.S. Dividend Income I (0), greater than Janus Henderson U.S. Dividend Income N (0), greater than Cambiar Aggressive Value Fund Investor Class (0), less than RiverParks Large Growth Fund Retail Shares (4.97), greater than ICON Utilities and Income Fund Investor (0.05),

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