Is FMY or FUND more undervalued in 2026?

CirclFi compares First Trust Motgage Income Fund (FMY) and Sprott Focus Trust, Inc. - Clos (FUND) using 13 institutional-grade valuation models. FMY has a Quality of Company score of 1.7/10 while FUND scores 1.7/10.

Which is a better buy — FMY or FUND?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do FMY and FUND valuations compare?

FMY at $11.66 and FUND at $10.22 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FMY vs FUND Valuation Comparison 2026 — Intrinsic Value Analysis

FMY

Asset Management

First Trust Motgage Income Fund

Quality

1.7

out of 10

Value Trap

—

Price

$11.66

Last close

Models

8/13

Active

FUND

Asset Management

Sprott Focus Trust, Inc. - Clos

Quality

1.7

out of 10

Value Trap

—

Price

$10.22

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	FMY Fair Value	FMY Upside	FUND Fair Value	FUND Upside
Bayesian DCF	Intrinsic	$3.09	-73.5%	$2.71	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$8.24	-30.7%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	—	—	$9.42	-8.3%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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FMY vs FUND — Which Stock Is More Undervalued?

Both FMY and FUND score 1.7/10 on quality. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing First Trust Motgage Income Fund (FMY) and Sprott Focus Trust, Inc. - Clos (FUND) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

FMY currently trades at $11.66 with a QOC of 1.7/10, while FUND trades at $10.22 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).