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Public snapshot

FMY Income Quality Score

First Trust Mortgage Income Fund (FMY) has an Income Quality Score of 41/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

First Trust Mortgage Income Fund (FMY) is a closed-end fund and is part of the IQ Score universe.

July 2026 Snapshot · Delayed
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Long-term focused10-year income and total-return analysis
Data-drivenObjective scoring across 4 quality, distribution and risk signals
Clear classificationFriends to own. Foes to avoid.
IQ Score Delayed
41/100
Question MarkHigh confidence
Asset Type
CEF
Exchange
NYSE
Trailing Yield (TTM)
Not published
No normalized trailing yield is published for closed-end funds in this snapshot.
Rank in CEF Universe
286 of 358
Lookback
10-year
Data as of
June 30, 2026
How the IQ Score works →
This is a delayed public snapshot. It's intentionally frozen at release — this July 2026 snapshot won't change. Subscribers get FMY's current IQ Score and see the latest classification changes as they happen. The July 2026 snapshot is published as the public launch snapshot.
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FMYFirst Trust Mortgage Income Fund
41Question MarkHigh confidence
Snapshot
2026-06
Data as of
2026-06-30
Lookback
10-year
Asset type
Closed-End Fund

IQ Score History

Not enough published history yet to draw a trend.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage
33/100
Working Capital Preservation
60/100
Distribution Cut Score
40/100
Distribution Trend
37/100

What is working

  • Working capital preserved over time

What to watch

  • Distributions exceed long-term total return
  • 1–2 years with a material annual distribution decline
  • Distributions declining year-over-year

Distribution Safety

7Years raised
2Years cut
22Years of data
CutCurrent trend

High confidence (10-year history)

  1. 20050.521Held
  2. 20061.02Raised
  3. 20071.02Held
  4. 20081.325Raised
  5. 20091.44Raised
  6. 20101.79Raised
  7. 20112.03Raised
  8. 20121.86Lower total
  9. 20131.08Lower total
  10. 20141.02Lower total
  11. 20150.935Lower total
  12. 20160.87Lower total
  13. 20170.78Cut
  14. 20180.74Lower total
  15. 20190.72Lower total
  16. 20200.72Held
  17. 20210.71Held
  18. 20220.66Lower total
  19. 20230.805Raised
  20. 20240.9525Raised
  21. 20250.84Cut
  22. 20260.325Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

The IQ Score is a research classification of historical income quality. It is not investment advice, not a recommendation and not a prediction of future returns.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.