AGNC

AGNC Investment Corp. operates as a real estate investment trust (REIT) that invests primarily in agency mortgage-backed securities (MBS) in the United States. Headquartered in Bethesda, Maryland, the company focuses on acquiring residential mortgage pass-through securities and collateralized mortgage obligations that are issued or guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or by U.S. Government agencies including Ginnie Mae. AGNC generates income through the spread between the yield on its mortgage asset portfolio and its borrowing costs, while utilizing leverage through repurchase agreements to enhance returns. As one of the largest publicly traded mortgage REITs by market capitalization, the company manages an investment portfolio valued at approximately $67 billion as of recent reports. AGNC employs a hedging strategy using interest rate swaps, swaptions, and other derivatives to mitigate interest rate and prepayment risks associated with its agency MBS holdings. The company is externally managed by AGNC Management, LLC and operates with a relatively small staff given its asset-light business model. AGNC distributes substantially all of its taxable income to shareholders through monthly dividend payments, maintaining its REIT tax status. The company actively adjusts its portfolio composition and leverage ratios in response to changing market conditions and monetary policy developments.