Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc. engages in seeking capital appreciation and provision of current income. It invests in a diverse portfolio of mortgage-backed securities which includes non-agency residential and commercial mortgage-backed securities. The company was founded on December 11, 2009 and is headquartered in New York, NY.

DMO was a fund brought up recently that has interested me in the past, but one that I've never covered. Over the long-term, this is the best-performing mortgage fund, but other timeframes reflect mixed results.

DMO: Strong Long-Term Results, But Mixed More Recently

Western Asset Mortgage Opportunity Fund Inc. (DMO) is a closed end fund focused on mortgages. Unlike some of its peers in the space, DMO takes on significant credit risk through its holdings.

DMO: Not Your Usual Mortgage Fund, 11% Yield

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

MFS High Yield Municipal Trust

Angel Oak Financial Strategies Income Term Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

PGIM Global High Yield Fund

We review closed-end fund market valuation and performance through the third week of December and highlight recent market action. CEFs were mixed this week; however, discounts have continued to widen, extending a recent trend.

CEF Weekly Review: Ignore Yield-On-Cost Outside Of Tax Considerations

PIMCO Access Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

We review closed-end fund market valuation and performance through the first week of December and highlight recent market action. CEFs had a strong week, with all sectors seeing positive total NAV returns.

CEF Weekly Review: Factors Behind Higher CEF Yields This Year

NEW YORK--( BUSINESS WIRE )--Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of September 30, 2022.

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of September 30, 2022

Invesco High Income 2023 Target Term Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week with all sectors finishing in the green on the back of a downside inflation surprise.

CEF Weekly Review: Can We Expect CEF Prices To Come Back?

Brandywine Global Income Opportunities Fund Inc

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

ClearBridge Energy MLP Opportunity Fund Inc

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Western Asset Municipal High Income Fund

Western Asset Municipal Partners Fund Inc

Western Asset

LMP Capital and Income Fund

The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independent Director of the Funds, who recently passed away. The Boards also announced that Nisha Kumar will succeed Ms. Kamerick as Chair of each Fund's Audit Committee.

Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director

Flaherty & Crumrine Dynamic Preferred & Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Nuveen Preferred & Income Term Fund

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Invesco Senior Income Trust

We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space.

CEF Weekly Review: Rising Leverage Costs Remain A Headwind For Some Funds

Ares Dynamic Credit Allocation Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Nuveen Select Maturity Municipal Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year.

These 5 CEF Types Are Less Vulnerable To The Spike In Short-Term Rates

PIMCO Dynamic Income Opportunities Fund

The price action in the CEF market has been brutal over the month of September. We highlight some of the broader CEF market indicators to place the current drawdown in context.

CEF Market Update: Where Things Stand In This Drawdown

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly all assets lower.

CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns

Golub Capital BDC

Janus Detroit Street Trust-Janus Henderson B-BBB CLO ETF

SPDR Bloomberg High Yield Bond ETF

The income market has gyrated widely this year in response to changing market conditions and Fed's stance. We discuss why we didn't chase the June-August rally and why we are now seeing value reemerge in this latest bout of weakness.

Income Opportunities Come Back In The Triple Dip

Vaneck CLO ETF

Eagle Point Income Company Inc

Janus Henderson AAA CLO ETF

Nuveen Mortgage Opportunity Term Fund

Most bread-and-butter income sectors took significant losses this year and this includes high-quality sectors like investment-grade bonds which normally outperform in weakness. In this article, we highlight a trio of niche and overlooked income sectors: CLO debt, asset-backed securities, and non-agency residential mortgages.

Attractive Income Opportunities In Niche And Resilient Sectors

Eaton Vance Floating-Rate 2022 Target Term Trust

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Invesco Value Municipal Income Trust

Nuveen Emerging Markets Debt 2022 Target Term Fund

We review CEF market valuation and performance through the first week of September and highlight recent market action. CEFs had another down week along with the rest of the income space on the back of hawkish Fed commentary.

CEF Weekly Review: MLP CEFs And Portfolio Diversification

We take a look at two 10%-yielding Western Asset credit CEFs: DMO and WDI. The main differentiator is the allocation profile, with DMO primarily holding mortgage securities while WDI is more of a multi-sector credit fund.

DMO And WDI: A Look At Two 10%-Yielding Credit CEFs

Western Asset Managed Municipals Fund

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of September, October, and November 2022

BlackRock Taxable Municipal Bond Trust

BlackRock MuniVest Fund Inc

Neuberger Berman High Yield Strategies Fund Inc

Nuveen Municipal Credit Income Fund

Invesco Municipal Income Opportunities Trust

Putnam Master Intermediate Income Trust

Invesco Bond Fund

Vertical Capital Income Fund.

CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are basically saying that a recession is not imminent. If a recession comes, much wider discounts are likely.

CEF Report July 2022: Not Safe To Tread In Taxables Just Yet

Saba Capital Income & Opportunities Fund

We review CEF market valuation and performance through the second week of July and highlight recent market action. The CEF market was fairly flat on the week as stocks and Treasuries moved in opposite directions.

CEF Weekly Review: CEF Yield Rise Has Outpaced Increase In Leverage Costs

Franklin Templeton Emerging Markets Fund

Franklin Templeton Emerging Markets Income Fund

NEW YORK--(BUSINESS WIRE)--Category: Corporate Action

Franklin Templeton Closed-End Funds Announce Share Repurchases for the Second Quarter of 2022

We take a look at a mortgage CEF DMO, trading at a 10% current yield and a 9.6% discount. The fund has a mostly floating-rate profile and a fixed leverage cost until mid-2023, allowing to strongly benefit from rising short-term rates.

DMO: A 10%-Yielding Mortgage CEF With Strong Income Tailwinds

NEW YORK--(BUSINESS WIRE)--Category: Financials

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2022

GDL Fund

John Hancock Preferred Income Fund

BNY Mellon Strategic Municipals, Inc.  

Nuveen Quality Municipal Income Fund

PCM Fund

Cohen & Steers Reit And Preferred Income Fund Inc

We review CEF market valuation and performance through the last week of March and highlight recent market action.

CEF Weekly Review: Rates Are Up, Why Are My Loan CEFs Down

New York Mortgage Trust

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Two Harbors Investment

Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.

7-8% Yielding Consumer-Linked Assets Worth A Look In This Market Environment

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of March, April and May 2022

Saba Closed-End Funds ETF

Doubleline Opportunistic Credit Fund

DoubleLine Yield Opportunities Fund

DoubleLine Income Solutions Fund

Nuveen Multi-Asset Income Fund

Pimco California Municipal Income Fund

Pimco California Municipal Income Fund III

We review CEF market valuation and performance through the second week of December and highlight recent market action.

CEF Weekly Market Review: Revisiting Resilient Core Themes

News for Western Asset Mortgage Opportunity Fund ETF (DMO)