Western Asset Mortgage Opportunity FundDMO
Market Cap: $137M
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.
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
10.46% less ownership
Funds ownership: 33.07% [Q1] → 22.61% (-10.46%) [Q2]
30% less capital invested
Capital invested by funds: $43.9M [Q1] → $30.6M (-$13.3M) [Q2]
54% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 24
Research analyst outlook
We haven’t received any recent analyst ratings for DMO.