Summary
DMO Chart
Western Asset Mortgage Defined Opportunity Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 90,282 | $971,000 | $956,989.2 | -$14,010.8 | -1.44% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 17,400 | $193,364.5 | $184,962 | -$8,402.5 | -4.35% |
| PAP Penny A. Phillips Journey Strategic Wealth LLC | 28,850 | $323,372 | $306,531.25 | -$16,840.75 | -5.21% |
 Highline Wealth Partners LLC Highline Wealth Partners LLC | 1,230 | $14,416 | $13,161 | -$1,255 | -8.71% |
| DN Daniel Newman Noble Wealth Management PBC | 39,837 | $434,471.98 | $426,255.9 | -$8,216.08 | -1.89% |
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Western Asset Mortgage Defined Opportunity Fund Profile
| NYSE Exchange | US Country |
Overview
Western Asset Mortgage Opportunity Fund Inc. is a closed-end fixed income mutual fund that is both launched and managed by Legg Mason Partners Fund Advisor, LLC. The management of the fund is supplemented by the expertise of Western Asset Management Company and Western Asset Management Company Limited, ensuring a well-rounded investment strategy. The fund primarily focuses on investments in the fixed income sectors within the United States, specifically targeting mortgage-backed securities, which are vital components of the housing finance system.
The investment philosophy rests on intensive proprietary research to curate a robust portfolio that seeks to achieve reliable returns for its investors. As a benchmark for evaluating its performance, the fund utilizes the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index, which provides a standard measurement against which the fund’s results can be assessed. Established on December 11, 2009, Western Asset Mortgage Opportunity Fund Inc. is based in the United States and capitalizes on niche opportunities within the fixed income market.
Products and Services
- Closed-End Fixed Income Mutual Fund
The primary product of Western Asset Mortgage Opportunity Fund Inc. is its closed-end fixed income mutual fund. This fund is designed to provide institutional and retail investors with exposure to mortgage-backed securities in the U.S. fixed income markets. The closed-end structure allows investors to purchase shares at market prices, which may vary from the fund's net asset value (NAV), thus adding an element of liquidity.
- Investment Management Services
Managed by experienced professionals from Legg Mason and Western Asset Management, the fund employs a disciplined investment approach. Through proprietary research methodologies, the fund identifies and capitalizes on opportunities within mortgage-backed securities, helping balance risk with the potential for return.
- Diversification in Mortgage-Backed Securities
Investors gain exposure to a diversified portfolio comprised primarily of mortgage-backed securities. This diversification is critical in mitigating risks associated with specific assets and sectors, aiming to enhance portfolio stability while aiming for attractive yields.
- Performance Benchmarking
The fund's performance is benchmarked against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. This benchmarking enables both the management team and the investors to evaluate how well the fund is performing compared to the broader market and specific asset classes.
- Research-Driven Investment Approach
Utilizing an intensive proprietary research strategy, the fund continuously analyzes market trends, economic developments, and various financial metrics influencing the mortgage-backed securities landscape. This research-driven approach is pivotal for informed decision-making and optimizing the investment portfolio.
