Welcome to our dedicated page for First Trust Mortgage Income SEC filings (Ticker: FMY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
first trust portfolios l.p. and first trust advisors l.p.("first trust") were founded in 1991 with a mission to offer investors a better way to invest. we are single-minded about providing trusted investment products and advisory services. we're inspired every day by how financial advisors and their customers use our products and services to define goals, solve problems and develop long-term strategies. everyone in our company is encouraged to work diligently and respectfully to deliver superior products, services and results that will contribute to the prosperity of our clients. our approach is simple, and our company was built with these core principles in mind: - know what you own - invest for the long-term - employ discipline - re-balance - control taxes we are committed to providing original ideas, inventive products and the highest level of service. disclaimer: this content is for information purposes only and should not be considered an offer to purchase or sell any security. tFMY filed an annual Form N-CEN, which is a census-style report for registered investment companies. The document outlines background details about the registrant and fund, governance structure, key service providers such as investment advisers, transfer agents, custodians, pricing services and shareholder servicing agents, and various compliance-related questions. It also reports trading-related information, including that the Fund paid gross brokerage commissions of 1,740.75000000 for the reporting period and aggregate brokerage commissions in the same amount, and lists multiple principal dealers with the total value of purchases and sales with each dealer.
First Trust Mortgage Income Fund reports solid results for the year ended October 31, 2025. Net asset value (NAV) total return was 9.22%, while the market price total return was 7.00%. The Fund outperformed its benchmark, the Bloomberg U.S. Mortgage Backed Securities Index, which returned 7.32% over the same period.
As of October 31, 2025, NAV was $12.88 per share and the common share price was $12.06, reflecting a 6.37% discount to NAV. Net assets were $54.3 million. The portfolio was primarily invested in mortgage-backed securities and U.S. agency mortgage-backed securities, with additional exposure to asset-backed securities and money market funds.
The Fund paid a monthly distribution that was reduced during the year from $0.0750 to $0.0650 per share, equating to a 6.06% distribution rate on NAV and 6.47% on market price at period end. For the year, 65.33% of distributions were classified as ordinary income and 34.67% as return of capital. Net investment income was $2.74 million and total net increase in net assets from operations was $4.55 million.
First Trust Mortgage Income Fund director Thomas J. Driscoll filed an initial ownership report. As of the event date of 09/04/2025, the filing shows he beneficially owns 0 common shares of the fund in direct form. This Form 3 is filed by one reporting person and serves as a baseline disclosure of his equity ownership status as a director of First Trust Mortgage Income Fund (FMY).
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report a significant ownership stake in First Trust Mortgage Income Fund’s common stock. Based on 4,213,115 shares outstanding as of April 30, 2025, the Sit entities may be deemed to beneficially own 2,295,999 shares, representing 54.5% of the fund’s outstanding common shares. They report shared power to vote and dispose of these shares, with no sole voting or dispositive power. The shares are held in client accounts, and those clients are entitled to dividends and sale proceeds from the holdings. The amendment confirms that directors and executive officers of the Sit entities do not directly own shares.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed an amended beneficial ownership report for First Trust Mortgage Income Fund, stating they may be deemed to own 2,192,343 common shares. This represents 52.0% of the fund’s outstanding shares, based on 4,213,115 shares outstanding as of April 30, 2025.
The shares are held in client accounts, and the Sit entities have shared power to vote and dispose of these shares. Clients of the Sit entities are entitled to dividends and sale proceeds from the shares in their accounts, while the directors and executive officers of the Sit entities do not directly own shares. Recent transactions over the last 60 days are listed in an attached exhibit.
First Trust Mortgage Income Fund (FMY) director reported an open-market purchase. On 10/31/2025, the reporting person bought 503 common shares at $12.04 per share (transaction code P). After this trade, the filer beneficially owned 1,616 shares, held directly. No derivative securities were reported.
First Trust Mortgage Income Fund (FMY) reported an insider purchase by a director. On 10/10/2025, the reporting person acquired 242 common shares at $12.2 per share, coded “P” for a purchase. Following the transaction, the reporting person beneficially owned 1,113 shares, held as Direct (D) ownership. The filing was submitted by attorney-in-fact for the reporting person.
Amendment No. 30 to Schedule 13D reports that Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (together, the "Sit Entities") are the beneficial owners of 2,252,145 shares of First Trust Mortgage Income Fund common stock, representing 53.4% of the 4,213,115 shares outstanding (based on the issuer's Form N-CSR as of April 30, 2025). The shares are held in client accounts and the Sit Entities disclose shared voting and shared dispositive power over those shares; neither SIA's nor SFI's directors or executive officers own shares directly. Transactions by the Sit Entities in the last 60 days are reported in Exhibit A. This Amendment supplements the Schedule 13D originally filed March 18, 2015, and prior amendments, and otherwise leaves prior disclosures unchanged.
Amendment No. 29 to Schedule 13D reports that Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (the "Sit Entities") may be deemed beneficial owners of 2,170,530 shares of First Trust Mortgage Income Fund common stock, representing 51.5% of the 4,213,115 shares outstanding reported as of April 30, 2025. The filing indicates the Sit Entities have shared voting and dispositive power over those shares and that none of SIA's or SFI's directors or executive officers directly own shares. Transactions in the prior 60 days are referenced in Exhibit A.
This amendment reports that Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (the "Sit Entities") are disclosed as beneficial owners of 2,230,943 shares of First Trust Mortgage Income Fund common stock, representing 53.0% of the 4,213,115 shares reported outstanding as of April 30, 2025. The shares are held in client accounts and the Sit Entities report shared voting and dispositive power over these shares; none of SIA's or SFI's directors or executive officers own shares directly.
The filing references a schedule of transactions in the last 60 days as Exhibit A but does not include transaction details in the body of this amendment. Other items of the previously filed Schedule 13D remain unchanged except as specifically amended.