DMO
Western Asset Mortgage Opportunity FundDMO
DMO
About: Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing in a diverse portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
5% more funds holding
Funds holding: 40 [Q4 2024] → 42 (+2) [Q1 2025]
5% more capital invested
Capital invested by funds: $28.8M [Q4 2024] → $30.1M (+$1.34M) [Q1 2025]
0.96% more ownership
Funds ownership: 21.38% [Q4 2024] → 22.34% (+0.96%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for DMO.
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
DMO: Don't Be Fooled By The High Yield
DMO offers a compelling 13.45% yield, far outpacing major bond indices, and most peers, but primarily invests in lower-quality, below-investment-grade mortgages. The fund's high leverage amplifies both returns and volatility; while total returns outperformed indices, net asset value, and share price have declined over time. Commercial mortgages remain troubled, and this could weigh on the fund's net asset value for the next few years.
Neutral
Business Wire
3 weeks ago
Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2025
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
4 months ago
CEF Insights: Building Income With Mortgage Securities
Mortgage securities' diversification benefits and potential for higher yields with reduced volatility make them an attractive option for income-oriented investors. Discover Western Asset Management's unique approach to the strategy with the Western Asset Mortgage Opportunities Fund (DMO). Greg Handler, Portfolio Manager and Head of Mortgage and Consumer Credit with Western Asset Management shares outlook for the 2025 fixed income sector and more.
Neutral
Business Wire
7 months ago
Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
8 months ago
DMO: Back To Fair Value And A 12% Yield (Rating Downgrade)
Western Asset Mortgage Opportunity Fund has outperformed since its initial "Buy" rating. The fund has reached fair value, and future returns will primarily come from dividends. DMO remains focused on non-agency RMBS bonds and GSE risk transfer securities, which carry credit risk.
Positive
Seeking Alpha
11 months ago
CEF Weekly Review: Saba/BlackRock Feud Escalates
We review CEF market valuation and performance through the first week of July and highlight recent market action. All CEF sectors finished the week in the green, with fixed-income CEF sector discounts now expensive and equity CEF sector discounts somewhat cheap. Saba and BlackRock came out with differing press releases on the latest proxy votes over board membership and termination of CEFs.
Positive
Seeking Alpha
11 months ago
CEF Weekly Review: Western Asset Is Doing A Nuveen
We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs were mostly up on the week with MLP and Hybrid sectors leading the way. Western Asset Global Corporate Defined Opportunity Fund holding a tender offer for all shares at NAV, following Nuveen's approach.
Positive
Seeking Alpha
1 year ago
DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF
Western Asset Mortgage Opportunity Fund has increased its distribution for the fourth consecutive time. DMO primarily allocates to non-agency residential mortgages, with a smaller holding in commercial mortgages. The fund's net income has been steadily rising, driven by floating-rate holdings and increased borrowings.
Neutral
Business Wire
1 year ago
Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Seeking Alpha
1 year ago
CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation
We review CEF market valuation and performance through the fourth week of April and highlight recent market action. CEFs were mostly up on the week, however remain in the red through the month. Investors should evaluate funds based on historic total NAV return and individual features, rather than price behavior.
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