XFMYX

About XFMYX

First Trust Mortgage Income Fund is a closed-end fixed income mutual fund designed to provide investors with a high level of current income, while also aiming to preserve capital. Managed by First Trust Advisors L.P. and co-managed by Brookfield Investment Management Inc., the fund primarily invests in a diverse range of mortgage-backed securities. These assets include pass-through certificates, collateralized mortgage obligations, as well as residential and commercial mortgage-backed securities, offering exposure to both the residential and commercial real estate markets. Established in 2005, the fund executes a strategy centered on securities that portfolio managers believe present an appealing balance of credit quality, yield, and maturity. The fund distributes income to shareholders through regular monthly dividends, with the precise nature of each distribution (such as net investment income, capital gains, or return of capital) determined annually. By focusing on mortgage-backed securities, the First Trust Mortgage Income Fund plays a crucial role in diversifying fixed income portfolios, providing consistent income streams, and facilitating access to a significant segment of the financial markets linked to housing and commercial property financing.