FMY (First Trust Mortgageome Fund) Total Assets : $54.50 Mil (As of Oct. 2024)

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What is First Trust Mortgageome Fund Total Assets?

First Trust Mortgageome Fund's Total Assets for the quarter that ended in Oct. 2024 was $54.50 Mil.

During the past 12 months, First Trust Mortgageome Fund's average Total Assets Growth Rate was -10.10% per year. During the past 3 years, the average Total Assets Growth Rate was -1.00% per year. During the past 5 years, the average Total Assets Growth Rate was -1.50% per year.

During the past 8 years, First Trust Mortgageome Fund's highest 3-Year average Total Assets Growth Rate was 0.40%. The lowest was -5.20%. And the median was -1.00%.

Total Assets is connected with ROA %. First Trust Mortgageome Fund's annualized ROA % for the quarter that ended in Oct. 2024 was 11.26%. Total Assets is also linked to Revenue through Asset Turnover. First Trust Mortgageome Fund's Asset Turnover for the quarter that ended in Oct. 2024 was 0.06.

First Trust Mortgageome Fund Total Assets Historical Data

The historical data trend for First Trust Mortgageome Fund's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Trust Mortgageome Fund Total Assets Chart

First Trust Mortgageome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Total Assets

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61.33

59.81

52.92

60.60

54.50

First Trust Mortgageome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Total Assets	Get a 7-Day Free Trial										52.92	62.68	60.60	62.52	54.50

First Trust Mortgageome Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Trust Mortgageome Fund's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (A: Oct. 2024 )	+	Total Liabilities (A: Oct. 2024 )
	=	53.364	+	1.14
	=	54.50

First Trust Mortgageome Fund's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	53.364	+	1.14
	=	54.50

First Trust Mortgageome Fund (NYSE:FMY) Total Assets Explanation

Total Assets is connected with ROA %.

First Trust Mortgageome Fund's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	6.586	/	( (62.524	+	54.504)	/ 2 )
	=	6.586	/	58.514
	=	11.26 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Trust Mortgageome Fund's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	3.463	/	( (62.524	+	54.504)	/ 2 )
=	3.463	/	58.514
=	0.06

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Trust Mortgageome Fund Total Assets Related Terms

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First Trust Mortgageome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Mortgage Income Fund (NYSE:FMY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Mortgage Income Fund is a United States based diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income. Its secondary investment objective is to preserve capital. The fund pursues its objectives by investing predominantly in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund's investment advisor, offer an attractive combination of credit quality, yield and maturity.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Owen N Aronson	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James W Snyder	other: Portfolio Manager	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeremiah Charles	other: Portfolio Manager	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Honggang Chris Wu	other: Officer-Invest. Sub-Advisor	BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023
Brookfield Investment Management Inc.	other: Investment Sub-Advisor	BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281
Anthony A. Breaks	other: Officer-Invest. Sub-Advisor	C/O BROOKFIELD INVESTMENT MGMT. INC, BROOKFIELD, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023
Rosanne Gatta	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187
Erin E Klassman	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187