CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Western Asset Mortgage Defined Opportunity Fund (DMO)

Taxable Bond Funds - Mortgage Bond Funds

Data as of Dec. 4, 2019
Current
Market Price $20.33 (+ $0.20)
NAV (Dec. 4, 2019) $19.55 (+ $0.02)
Premium / Discount 3.99% (+0.92%)
Fund Info
Inception Feb. 24, 2010
Sponsor Legg Mason Partners Fund Advisors
Website https://www.leggmason....
Phone 1-888-777-0102
NAV Symbol XDMOX
Objective: Current income; non-agency residential and commercial mortgage backed securities. The fund intends to liquidate on or about March 1, 2022
Related Indexes
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 10,497,211
Total Assets (Reported: Dec. 31, 2018) $317M
Estimated Total Assets $301M
Net Assets $205M
Market Cap $213M
Purchases Turnover 34.92%
Sales Turnover 37.53%
Total Leverage 31.90%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.29%
Non Lev Exp Ratio 1.81%
Rel Lev Cost 2.95%
Discount Data
Average Discount (3 Yr) 11.88%
Discount Low(3 Yr) 0.66%
Discount High(3 Yr) 25.48%
Discount Rel Range 13.41%
Comp Discount 6.38
Discount St Dev (1Yr) 2.02
Z-Stat
Z-Stat (6mo) -3.14
Z-Stat (1Yr) -2.05
Z-Stat (3Yr) -1.48
Comp Z-Stat (6mo) -3.18
Comp Z-Stat (3Yr) -2.21
Distribution Data
Market Yield 8.85%
Income Yield 6.82%
Lev Adj NAV Yield 6.98%
Distribution Frequency M
Current Distribution $0.150
Current Income $0.116
Ex-Date 12/19/19
Payable Date 12/31/19
Div Growth (3yr) -36.17%
Dividend Change -6.3% on 8/20/19
Expected Div 2/18/20
RoC (1yr) 14.24%
RoC (3yr) 5.37%
Tax Dividend Data 2018 2016 - 2018
Income 78.4% 86.2%
ST Gains 5.7% 3.8%
QDI 0% 0%
LT Gains 15.8% 10.0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $848
Avg Volume 30 day 54,149
Avg Volume 90 day 41,692
Volume Trend 29.88%
Comp Volume Trend 29.78%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
11.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
22.0%
Price Correlation (1yr)
vs. CEFA's Taxable Bond & BDC Index
32.0%
Most Correlated Peer (Mk Pr): JMT 50.0%
NAV - Price Correlation (30 d) 76.2%
NAV - Price Correlation (90 d) 77.1%
NAV - Price Correlation (1 Yr) 58.6%
Price St Dev (1Yr) 14.8%
NAV St Dev (1Yr) 8.1%
Earnings
Earnings / Share (9/30/19) $0.130
Earn Coverage 86.67%
Earnings Trend Up
UNII / Share (9/30/19) $-0.461
Rel UNII -33.22
UNII Trend Down
Bond Specific Data
Maturity 8.00
Duration 5.10
Credit Rating (rbo) CC
Investment Grade 2.10%
Non Investment Grade 37.50%
Unrated Bonds 60.40%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.01
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.03
NAV Beta (2yr)
vs. CEFA's Taxable Bond & BDC Index
0.07

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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