DMO

Western Asset Mortgage Opportunity Fund
DMO
Market cap $138M

12.16 USD

-0.02

0.16%

At close Nov 12, 4:00 PM EST

1 day

-0.16%

5 days

0.75%

1 month

-0.98%

3 months

0.58%

6 months

3.49%

Year to date

8.67%

1 year

15.92%

5 years

-42.99%

10 years

-49.69%

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 47 [Q1] → 47 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

10.86% less ownership

Funds ownership: 36.06% [Q1] → 25.2% (-10.86%) [Q2]

29% less capital invested

Capital invested by funds: $47.8M [Q1] → $34.1M (-$13.8M) [Q2]

54% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 24

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Research analyst outlook

We haven’t received any recent analyst ratings for DMO.

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Financial journalist opinion

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.

DMO: Back To Fair Value And A 12% Yield (Rating Downgrade)

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.

CEF Weekly Review: Saba/BlackRock Feud Escalates

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.

CEF Weekly Review: Western Asset Is Doing A Nuveen

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.

DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2024

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2024

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.

CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation

Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) Announces Portfolio Management Team Update

DMO: 12% Yielding GSE Risk Transfer Mortgage Fund (Rating Upgrade)

Western Asset Mortgage Opportunity Fund Inc. is a fixed income CEF focused on mortgage bonds that offers a supported 12% yield. DMO pursues a different strategy than most mortgage funds by purchasing junior and subordinated tranches of MBS bonds, taking true credit risk. The housing market is currently 'stuck' rather than experiencing a collapse, which is favorable for DMO's collateral.

DMO: 12% Yielding GSE Risk Transfer Mortgage Fund (Rating Upgrade)

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

The Month In Closed-End Funds: January 2024

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

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