NYSE : DMO
-$0.01 (-0.09%)
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DMO: High Yield And Discount Starts To Open But Not Enough Yet
The Western Asset Mortgage Opportunity Fund (DMO) offers high-yield exposure to non-agency RMBS and CMBS, but faces declining net investment income, resulting in weakening distribution coverage. The fund invests in a portfolio that is high-yield focused, but also employs a liberal amount of leverage, resulting in a fund that may not be appropriate for risk-averse investors. DMO's discount has widened since our last update, but given the downward trajectory, an even wider discount may be appropriate. seekingalpha.com - 2026-06-18 09:45:00 |