DMO - Western Asset Mortgage Opportunity Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Feb 13, 2026

   The fund said it may sell new shares.

   Original document →

2. Jan 10, 2025

   The fund said it may sell new shares.

   Original document →

3. Nov 21, 2024

   The fund said it may sell new shares.

   Original document →

4. Oct 10, 2024

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Western Asset. At its last yearly report (Dec 31, 2025) the fund was run by Franklin Templeton Fund Adviser, LLC. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $129 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 47% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.9% a year in management fees; 7.9% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.55 a share. $1.17 of that was income; $0.38 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $11.68. The shares traded at $11.06, about 5.3% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 10% below to 1.3% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 2.9% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +2.2%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +10.6%. How the share price did: the shares returned +6.9% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2009.

What the fund holds

Mostly asset-backed bonds (91%), the rest preferred shares and bonds. About 94% issued in the U.S.

1. Stacr Trust 2018-HRP1, Stacr 2018-HRP1 B2 - 4.8%
2. Gs Mortgage Securities Corp Trust 2024-70P, Gsms 2024-70P Hrr - 3.4%
3. Freddie Mac Structured Agency Credit Risk Trust 2018-HRP2, Stacr 2018-HRP2 B2 - 3.3%
4. Federal National Mortgage Association, Cas 2016-C06 1B - 2.8%
5. 280 Park Avenue Trust, Prk 2017-280P E - 2.6%
6. Aegis Asset Backed Securities Trust Series 2005-3, Aabst 2005-3 M3 - 2.4%
7. Freddie Mac Structured Pass Through Certificates, Stacr 2018-SPI4 B - 2.2%
8. Home Re 2026-1, Hmir 2026-1 M2 - 2.1%
9. Multifamily Connecticut Avenue Securities Trust 2019-01, Mcas 2019-01 Ce - 2%
10. Freddie Mac Mscr Trust MN7, Mscr 2023-MN7 B1 - 2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →