DMO

Western Asset Mortgage Opportunity Fund Inc. is a closed-end investment company investing primarily in residential and commercial mortgage-backed securities and other mortgage-related assets. The fund seeks total return through a combination of current income and capital appreciation by investing in agency and non-agency MBS, asset-backed securities, and related instruments. The fund employs leverage to enhance returns and income generation, borrowing against its portfolio to purchase additional securities. Western Asset Mortgage Opportunity is managed by Western Asset Management Company, a Franklin Templeton subsidiary with fixed income expertise. As a closed-end fund, shares trade on the New York Stock Exchange and may trade at premiums or discounts to net asset value based on supply, demand, and market sentiment. The fund provides investors with exposure to mortgage securities markets and monthly income distributions. The fund faces interest rate risk, prepayment risk on mortgage securities, credit risk especially in non-agency holdings, market volatility, and risks associated with financial leverage amplifying returns and losses. Distribution rates and fund performance fluctuate based on mortgage market conditions, interest rate environments, and portfolio composition.