FMY Stock Discussion

First Trust Motgage Income Fund Description

First Trust Mortgage Income Fund is a closed ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities. The fund was formerly known as the First Trust/FIDAC Mortgage Income Fund. First Trust Mortgage Income Fund was formed on May 25, 2005 and is domiciled in United States.

Keywords: Exchange Traded Fund ETF Structured Finance Mortgage Backed Security Mortgage Loan Collateralized Debt Obligation Real Estate Mortgage Investment Conduit Residential Mortgage Backed Security Commercial Mortgage Backed Security