First Trust Mortgage Income Fund
Sponsor: First Trust · Inception May 26, 2005 · Pays monthly
Market priceShare price
$11.33
+3.85% (+$0.42)
NAVAsset value per share
$12.00
as of Oct 13, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
5.58% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
6.88%
regular, annualised · on NAV 6.50%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Expenses
Expense data not reported in machine-readable form. This fund has not filed an Inline-XBRL-tagged fee table (required for N-2 filings since 2022, so older funds without new offerings have none). The fee table is in the prospectus and the annual report's financial highlights, linked below and on the Documents tab.
Illustrative cost of $10,000
An illustration needs a reported expense ratio, price and NAV.
Leverage
Leverage not reported in machine-readable form. Senior-securities tables are tagged in N-2 filings; this fund has none on record, which does not mean it is unleveraged. The senior securities table and the notes on borrowings are in the annual report linked below.
Leverage amplifies both gains and losses and increases the volatility of NAV and market price. Financing costs (interest on borrowings, dividends on preferred shares) reduce distributable income and are included in the total expense ratio when the fund reports them that way. Instruments, fixed-versus-floating terms, reset dates and maturities are described in the notes to the financial statements. “No reported borrowing” does not rule out economic leverage from derivatives or structured instruments.
Where to verify
- Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS (Oct 31, 2025)
- Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS (Oct 31, 2024)
- Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS (Oct 31, 2023)
- Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS (Oct 31, 2022)
CEF Explorer research page for First Trust Mortgage Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.