# Western Asset Mortgage Opportunity Fund Inc (DMO): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dmo for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Western Asset · Asset class: Equity - Strategy: Thematic · Inception: 2010-02-24 Western Asset Mortgage Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. Western... ## Key Facts | Metric | Value | |---|---| | Price | $9.48 | | Expense Ratio | — | | Assets Under Management | $108.3M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 15.30% | | Annual Distribution (TTM) | $1.45 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.29 – $12.07 | | Beta | 0.39 | ## Latest Distribution - Amount: $0.1200 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does DMO invest in? Western Asset Mortgage Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. Western Asset Mortgage Opportunity Fund Inc. was formed on December 11, 2009 and is domiciled in the United States. ### What is the expense ratio of DMO? An expense ratio for Western Asset Mortgage Opportunity Fund Inc (DMO) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is DMO? Western Asset Mortgage Opportunity Fund Inc (DMO) manages $108.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DMO actively managed or an index fund? DMO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was DMO launched? Western Asset Mortgage Opportunity Fund Inc (DMO) launched in February 2010 and is managed by Western Asset. ### How has DMO performed? DMO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DMO pay a dividend? Western Asset Mortgage Opportunity Fund Inc (DMO) currently distributes little or no income. Trailing-twelve-month yield is 15.30%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DMO pay dividends? Western Asset Mortgage Opportunity Fund Inc pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DMO's dividend yield? DMO's trailing-twelve-month yield is 15.30%, calculated from the sum of dividends over the past year divided by the current price. ### When is DMO's next ex-dividend date? The most recently announced ex-dividend date for DMO was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is DMO's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for Western Asset Mortgage Opportunity Fund Inc (DMO). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does DMO charge its expense ratio? The expense ratio is deducted in tiny daily slices from DMO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dmo - Distribution history: https://www.dividenddata.com/funds/dmo/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dmo/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dmo/expenses - Peer comparison: https://www.dividenddata.com/funds/dmo/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.