Western Asset Mortgage Opportunity Fund Inc. Overview
Pro stress-test →Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) is a non-diversified, closed-end management investment company that focuses on mortgage-backed securities, with a primary objective of current income and secondary objective of capital appreciation through investments in non-agency residential and commercial mortgage-backed securities. The fund is managed by Franklin Templeton Fund Advisor, LLC, an indirect subsidiary of Franklin Resources, Inc.
Strategic Profile
Pro stress-test →As of March 31, 2026, the fund reported $245.7M in total assets and $131.0M in net assets, with a 6.2% discount to its $11.46 NAV. The portfolio management team was updated effective January 27, 2026, comprising Michael Buchanan, Greg Handler, Simon Miller, and Liam Lynch. The fund offers an attractive forward dividend yield of 12.93% with an ex-dividend date of May 21, 2026.
Competitive Landscape
Pro stress-test →Western Asset Mortgage Opportunity Fund competes in the closed-end mortgage-backed securities fund space against similar vehicles managed by other major asset managers. The fund's differentiation rests on Franklin Templeton's established mortgage expertise, active management of non-agency RMBS/CMBS exposure, and consistent dividend performance.
Industry Context
Western Asset Mortgage Opportunity Fund Inc. operates in Closed-end mortgage-backed securities funds.
Key facts
Founded: 2009 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: $127M